Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Seeds of Wisdom RV and Economics Updates Saturday Morning 5-2-26

Good Morning Dinar Recaps,

Global Trade Strain Builds: Shipping Disruptions and Energy Volatility Drive Systemic Risk

Rising transport costs and unstable energy flows are intensifying inflation pressures and exposing cracks in global financial stability

Good Morning Dinar Recaps,

Global Trade Strain Builds: Shipping Disruptions and Energy Volatility Drive Systemic Risk

Rising transport costs and unstable energy flows are intensifying inflation pressures and exposing cracks in global financial stability

OVERVIEW (KEY POINTS)

Global markets are facing renewed pressure as shipping disruptions and energy volatility intensify simultaneously, creating ripple effects across trade, inflation, and financial systems.

This is happening now due to continued instability in key maritime corridors and sustained geopolitical tensions, forcing companies to reroute shipments and absorb higher operating costs.

Key players include global shipping firms, energy producers, central banks, and governments responding to rising costs and slowing trade efficiency.

The broader implication is clear: persistent disruption in trade and energy flows is increasing systemic financial stress and accelerating structural shifts in the global economy.

KEY DEVELOPMENTS

1. Shipping Routes Remain Disrupted

Critical global corridors are under pressure.

  • Vessels rerouting to avoid high-risk maritime zones

  • Longer routes increasing delivery times and operational costs

2. Freight Costs Continue to Rise

Transportation expenses are climbing.

  • Increased fuel use and delays driving higher shipping rates

  • Businesses facing margin compression and pricing pressure

3. Energy Market Volatility Persists

Oil and fuel prices remain unstable.

  • Supply concerns linked to geopolitical tensions

  • Price fluctuations feeding into global inflation trends

4. Supply Chain Delays Spread Across Sectors

Economic impact is broadening.

  • Manufacturing and retail experiencing delivery bottlenecks

  • Companies increasing inventories to mitigate disruption risks

5. Inflation Pressures Rebuild Globally

Costs are being passed through the system.

  • Higher logistics and energy costs impacting consumer prices

  • Central banks facing renewed inflation management challenges

WHY IT MATTERS

This development underscores how trade and energy systems are deeply interconnected with financial stability, and disruptions in one area quickly cascade into others.

Markets are reacting through volatility in commodities and equities, while policymakers face increasing difficulty balancing inflation control with economic growth.

For global economies, rising costs and inefficiencies are reducing productivity and increasing uncertainty, which can slow investment and expansion.

At the system level, this highlights a growing vulnerability: globalization depends on stable logistics and energy flows, both of which are under strain.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

  • Purchasing power declines as goods become more expensive

  • Exchange rate volatility increases due to trade imbalances

  • Import-heavy economies face added currency pressure

  • Commodity-linked currencies may see short-term support

IMPLICATIONS FOR THE GLOBAL RESET

  • Pillar 1: Supply Chain Restructuring

Persistent disruptions are forcing a shift toward regionalization and diversification of supply chains, altering global trade dynamics.

  • Pillar 2: Cost-Driven Economic Realignment

Rising logistics and energy costs are reshaping pricing structures, inflation trends, and monetary policy responses worldwide.

CONCLUSION

The combination of shipping disruption and energy volatility represents a critical stress point for the global financial system.

As costs rise and delays persist, the effects are spreading across industries, contributing to inflation and economic uncertainty.

This is not a temporary disruption—it signals a broader transition in how global trade and financial systems operate under pressure.

When trade efficiency declines and energy costs rise, the financial system must adjust to a new reality.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

~~~~~~~~~~

🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.


For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:    • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Iraq Economic News And Points To Ponder Saturday Morning 5-2-26

Oil Prices Edge Higher Amid Iran Deadlock

Shafaq News   Oil rose on Friday as efforts to resolve the Iran war remained at an impasse, with Tehran still blocking ​the Strait of Hormuz and the U.S. Navy blocking exports ‌of Iranian crude.

Brent crude futures for July were up $1.04, or 0.94%, to $111.44 per barrel by 0421 GMT, while West Texas Intermediate futures had risen 41 cents, ​or 0.39%, to $105.48 per barrel.

Oil Prices Edge Higher Amid Iran Deadlock

Shafaq News   Oil rose on Friday as efforts to resolve the Iran war remained at an impasse, with Tehran still blocking ​the Strait of Hormuz and the U.S. Navy blocking exports ‌of Iranian crude.

Brent crude futures for July were up $1.04, or 0.94%, to $111.44 per barrel by 0421 GMT, while West Texas Intermediate futures had risen 41 cents, ​or 0.39%, to $105.48 per barrel.

Both benchmarks have posted gains across ​four straight months, with Brent's June contract, which expired ⁠on Thursday, hitting $126.41 a barrel, the highest since March 2022.

Oil prices ​have been on the rise since the end of February when the ​U.S. and Israel attacked Iran, resulting in the closure of the Strait of Hormuz and the disruption of shipments of around one-fifth of the world’s oil ​and liquefied natural gas supply. Brent gained 50% in March alone.

A ceasefire ​has been in place since April 8, but on Thursday evening, Iranian Foreign Ministry ‌spokesman Esmaeil ⁠Baghaei said it was not reasonable to expect quick results from U.S. talks, according to the official IRNA news agency.

"Expecting to reach a result in a short time, regardless of who the mediator is, ​in my opinion, ​is not very ⁠realistic," he was quoted as saying.

Earlier in the day, a senior official of Iran's Revolutionary Guards had ​threatened "long and painful strikes" on U.S. positions if Washington ​renewed attacks ⁠on Iran, pushing oil prices to intraday peaks before retreating.

U.S. President Donald Trump was scheduled to receive a briefing on Thursday on plans for ⁠a series ​of fresh military strikes on Iran ​to compel it to negotiate an end to the conflict, a U.S. official told Reuters. (REUTERS)

https://www.shafaq.com/en/Economy/Oil-prices-edge-higher-amid-Iran-deadlock

Iraq Launches First Crude Oil Exports Via Rabia Border Crossing To Syria

2026-05-01 Shafaq News- Baghdad   Iraq launched its first crude oil export operation through the Rabia border crossing with Syria, Iraq’s Border Ports Commission announced on Friday, dispatching an initial shipment of 70 tanker trucks to regional markets.

In a statement, the Commission head Omar Adnan Al-Waeli said there is a potential for increased volumes of dispatchments in the future, adding that the step marks Rabia as a strategic route for crude oil exports, helping ease pressure on other outlets, diversify marketing channels, and support national revenues.

“Efforts are underway to expand the crossing’s capacity and upgrade infrastructure and logistics services to meet expected demand in the coming period,” he noted, explaining that exporting oil via land routes “provides an alternative channel that reduces risks associated with traditional export pathways.”

The Rabia–Al-Yarubiyah crossing between Iraq and Syria reopened to trade and passenger traffic on April 22 after 13 years of closure driven by security challenges during the fight against ISIS, as well as shifting control and coordination issues along the frontier. Iraqi and Syrian authorities have gradually rehabilitated several crossings, including Al-Waleed and Al-Yarubiyah, to restore trade routes and facilitate the movement of goods and passengers.

https://www.shafaq.com/en/Economy/Iraq-launches-first-crude-oil-exports-via-Rabia-border-crossing-to-Syria

Gold Prices Head For Weekly Decline Following Rising Inflation Fears

Shafaq News   Gold prices fell in thin trading on Friday, and were set for a weekly decline, pressured by higher oil prices that have stoked inflation fears and lifted expectations that interest rates will stay higher for longer — ​a headwind for non-yielding assets.

Spot gold was down 0.6% to $4,592.99 per ounce at ​0655 GMT, and was on track for a weekly loss of about ⁠2.4%, after dropping to a one-month low on Wednesday. U.S. gold futures for June delivery ​dipped 0.5% to $4,604.50.

Trading volumes were light as financial markets in top gold consumers China and India​were closed for public holidays.

"What we're seeing now is essentially the dominant war trade narrative, once again reasserting itself after a day's correction," said Ilya Spivak, head of global macro at Tastylive, noting that gold ​is back down, and oil back up.

Geopolitical tensions remained in focus after Iran said on ​Thursday it would respond with "long and painful strikes" on U.S. positions if Washington renewed attacks, reiterating its claim to ‌the ⁠Strait of Hormuz.

Brent crude prices held above $110 a barrel as efforts to resolve the conflict stalled.

U.S. inflation accelerated in March as the war raised gasoline prices, reinforcing expectations that the Federal Reserve could keep interest rates on hold well into next year.

Global brokerages have also gradually pared back earlier ​expectations of two U.S.​rate cuts in ⁠2026, with forecasts now split between modest easing and no cuts, amid persistent inflation risks and cautious policymakers.

The European Central Bank and the ​Bank of England kept interest rates unchanged on Thursday, following similar decisions earlier ​in the ⁠week by the Fed and the Bank of Japan, though all signalled inflation concerns.

While gold is traditionally seen as a hedge against inflation, elevated interest rates aimed at curbing price pressures tend ⁠to weigh ​on demand for the non-yielding metal.

In other metals, spot ​silver rose 0.5% to $73.37 per ounce, platinum eased 0.7% to $1,972.32 and palladium inched down 0.1% to $1,523.(REUTERS)

https://www.shafaq.com/en/Economy/Gold-prices-head-for-weekly-decline-following-rising-inflation-fears

The Yen Pared Its Gains Against The Dollar After Japanese Authorities Intervened In The Markets.

Money and Business   Economy News - Follow-up   The yen edged down slightly against the dollar on Friday but was still on track for its biggest weekly gain in more than two months after Japanese authorities intervened to lift the currency from its lowest levels in nearly two years.

Investors remained cautious, anticipating further intervention from the Japanese Ministry of Finance, as trading volumes in the markets declined due to the May 1st holiday and Tokyo's three-day weekend holiday next week.

Ken Crompton, head of interest rate strategy at National Australia Bank, said of the Japanese intervention efforts: "The difficulty is that they are fighting

 He added: "The weakness of the yen likely has some cause, and it is difficult at the moment to predict how successful the Ministry of Finance will be in consistently countering the trend."

Best weekly performance in two months

The yen fell 0.25% to 156.99 against the dollar, but Thursday's rally puts the Japanese currency on track for a 1.8% gain this week, its biggest since mid-February.

The dollar index, which measures the performance of the US currency against a basket of currencies, showed little change at 98.14. The euro fell 0.03% to $1.1727.

Two sources familiar with the matter told Reuters that officials intervened to buy yen after it hit its lowest level against the dollar since July 2024. The sudden move in the dollar-yen exchange rate occurred during London trading hours and followed earlier comments by Japanese Finance Minister Satsuki Katayama that it was time to take "decisive" action.

In the oil market, prices remained high following Tehran's threat to launch "painful strikes for a long time" on US sites if Washington renews its attacks on Iran, while US President Donald Trump faces a deadline to end the conflict.

The currencies of Japan and other energy-importing countries have been falling since late February when the United States and Israel launched an air attack on Iran, leading to the closure of the vital oil shipping lane, the Strait of Hormuz.

The dollar index fell 1.76% in April after rising in March, confirming that the US economy is relatively less exposed to the consequences of higher oil prices compared to the Eurozone and Japan.

The European Central Bank and the Bank of England kept interest rates unchanged on Thursday, as expected, following similar interest rate decisions by the Federal Reserve (the US central bank) and the Bank of Japan earlier in the week.

Regarding cryptocurrencies, Bitcoin fell 0.17% to $76,330.16, and Ether dropped 0.27% to $2,257.53.

https://www.economy-news.net/content.php?id=68508

International Labor Day In Iraq: A Holiday In Search Of Its Workers

2026-05-01 Shafaq News   As much of the world marks May 1 as a tribute to the labor movement, Iraq's roughly 15 million workers face a holiday largely emptied of its meaning. International Labor Organization data shows that 66.6% of total employment in the country is informal –workers operating without contracts, without legal guarantees, and largely outside the reach of the state.

The conditions that produce that figure are visible across construction sites, car washes, and shop floors, where complaints of meager wages, punishing hours, and the near-total absence of legal protection have turned the holiday into something closer to a reminder of what Iraqi labor does not have.

Name Without Content

In Baghdad's industrial zone, Ali Mohammed begins each shift at a car wash at 08:00 a.m. and finishes at 06:00 p.m. —sometimes not before 7 or 8 in the evening. For that day's work, he told Shafaq News, he earns 10,000 Iraqi dinars, or just over six dollars, and the shop owner provides no work allowances and no meals beyond a single lunch, usually a falafel wrap. In winter, when business slows, the daily rate drops to 5,000 dinars. He has tried to find better-paying work with shorter hours, but unemployment has closed those doors.

Ali Saadoun, a bricklayer, dismissed International Labor Day as “just a name without content.” What mattered to him was finishing his work and collecting his daily pay, while the talk of workers' rights from government and trade unions is “a laughable lie repeated at every occasion.” Workers cling to whatever job they can find, however poor the wage and hard the conditions, because the alternative is hunger for their families, and when employers withhold pay, the worker has no real recourse —neither the law nor the unions deliver justice.

Working women face the system at its sharpest. Lama Abdulkarim worked 10:00 a.m. to 10:00 p.m. in a shop without a contract, social security, or any documented rights, and once her employer learned she was pregnant, he dismissed her. With no path to redress, she recalled, all she could do was “congratulate the woman hired to replace me, say goodbye to my colleagues, and walk out quietly.”

Lama's experience reflects a labor market in which women are barely present to begin with. ILO figures put female labor force participation in Iraq at roughly 11.76% against 74% for men, leaving the bulk of Iraqi women excluded from the formal economy entirely.

Rules on Paper

Iraq's own union leadership does not dispute the picture. Speaking to Shafaq News, Ali Al-Jabri, administrative director of the Iraqi Federation of Trade Unions, acknowledged that workers' conditions remain structurally precarious, particularly in the private sector and the informal economy. He cited youth unemployment, the prevalence of work without formal contracts or legal guarantees, sharp pay gaps between the public and private sectors, unsafe workplaces, and chronic delays in disbursing wages.

Al-Jabri's proposed remedies center on enforcement: applying the minimum wage in line with actual living costs, establishing strict oversight to curb exploitation, protecting workers from arbitrary dismissal, guaranteeing safe workplaces, defending the freedom to organize without pressure, and obliging employers to issue formal contracts. “Achieving social justice begins with delivering justice to workers themselves.”

“The situation is very complex,” according to Walid Naama, head of the Iraqi Federation of Trade Unions, who explained that most private-sector workers operate without contracts or safeguards. The majority earn less than 300,000 dinars (around $230) a month —a figure that falls below Iraq's statutory minimum wage of 350,000 IQD, set under Labor Law No. 37 of 2015 and left unchanged since.

Read more: Iraq's workers rise: New union challenges old guard

Baghdad saw these problems, and more, carried into the streets on Friday, when a large march moved from Firdos Square toward Nasr Square. Marchers raised banners calling for the activation of the civil service law, the adoption of a fair salary scale, and the establishment of a social and health insurance system that would protect workers' dignity.

The demands are not new, and neither are the conditions that produced them. For Iraq's labor force, May Day this year arrived less as a celebration than as a measure of how far the rhetoric of workers' rights still sits from the conditions in which most of them work.

Written and edited by Shafaq News staff.

https://www.shafaq.com/en/Report/International-Labor-Day-in-Iraq-A-holiday-in-search-of-its-workers

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Frank26, KTFA Dinar Recaps 20 Frank26, KTFA Dinar Recaps 20

FRANK26…5-1-26…..TMZ = GOI

KTFA

Friday Night Video

FRANK26…5-1-26…..TMZ = GOI

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

KTFA

Friday Night Video

FRANK26…5-1-26…..TMZ = GOI

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=ErNuu1usAmA


Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

The Debt Doom Loop Just Hit the Point of No Return

The Debt Doom Loop Just Hit the Point of No Return

Taylor Kenny:  4-30-2026

America is now trapped in a cycle of deficits, borrowing, rising interest costs, and dollar devaluation.

In this episode, Taylor explains why the U.S. debt doom loop may be accelerating faster than most people realize — and why the next crisis could look very different from 2008.

The Debt Doom Loop Just Hit the Point of No Return

Taylor Kenny:  4-30-2026

America is now trapped in a cycle of deficits, borrowing, rising interest costs, and dollar devaluation.

In this episode, Taylor explains why the U.S. debt doom loop may be accelerating faster than most people realize — and why the next crisis could look very different from 2008.

CHAPTERS:

0:00 The Wrong Question About Gold & Silver

0:58 America’s $39 Trillion Debt Problem

2:47 Interest on the Debt Becomes the Trigger

6:36 The Debt Doom Loop Explained

9:44 The $900 Trillion Derivatives Risk

12:11 Gold, Silver, and the Decline of the Dollar

14:08 Why Central Banks Are Buying Gold

https://www.youtube.com/watch?v=-yNKfZ3c-ks

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Economics, Chats and Rumors Dinar Recaps 20 Economics, Chats and Rumors Dinar Recaps 20

Freedom Fighter: IMF Currency Report

Freedom Fighter: IMF Currency Report

5-1-2026

Attention: IMF Currency Report

This is what’s happening RIGHT NOW across global currencies….getting stronger.

IMF data (137 currencies ) shows:

Iraqi Dinar
Vietnamese Dong
Venezuelan Bolívar

Freedom Fighter: IMF Currency Report

5-1-2026

Attention: IMF Currency Report

This is what’s happening RIGHT NOW across global currencies….getting stronger.

IMF data (137 currencies ) shows:

Iraqi Dinar
Vietnamese Dong
Venezuelan Bolívar
Indonesian Rupiah
… and many more

As CENTRAL BANK credibility strengthens:

• Borrowing costs fall
• Inflation stabilizes
• Risk premiums compress

This is how currencies strengthen in real time.

Receipts:




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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Seeds of Wisdom RV and Economics Updates Friday Afternoon 5-1-26

Good Afternoon Dinar Recaps,

Oil Shock and Policy Divide: Rising Energy Prices Collide With Global Rate Uncertainty

Escalating oil prices and diverging central bank signals are increasing pressure on inflation, currencies, and global financial stability

Good Afternoon Dinar Recaps,

Oil Shock and Policy Divide: Rising Energy Prices Collide With Global Rate Uncertainty

Escalating oil prices and diverging central bank signals are increasing pressure on inflation, currencies, and global financial stability

OVERVIEW (KEY POINTS)

Global financial markets are reacting to a renewed surge in oil prices driven by geopolitical tensions, while central banks show increasing hesitation and division on interest rate policy.

This is happening now as conflict-related supply risks push crude prices higher, while policymakers weigh whether further tightening could slow already fragile economic growth.

Key players include the U.S. Federal Reserve, European Central Bank, and energy markets, all navigating a complex environment of inflation persistence and economic uncertainty.

The broader implication is clear: rising energy costs combined with policy uncertainty are amplifying systemic financial stress, a key signal in broader global reset dynamics.

KEY DEVELOPMENTS

1. Oil Prices Climb on Supply Fears

Energy markets remain volatile.

  • Crude prices rising toward multi-month highs

  • Ongoing tensions disrupting key shipping and supply routes

2. Central Banks Signal Policy Caution

Rate direction is becoming unclear.

  • Policymakers weighing inflation control vs. growth risks

  • Signals suggest slower or delayed rate decisions

3. Inflation Risks Reaccelerate

Energy costs are feeding broader price pressures.

  • Higher fuel prices impacting transport, manufacturing, and food costs

  • Inflation proving more persistent than expected

4. Currency Markets React to Divergence

Exchange rates reflect uncertainty.

  • U.S. dollar remains firm amid global instability

  • Other currencies facing pressure from inflation and capital flows

5. Growth Outlook Weakens Globally

Economic momentum is slowing.

  • Businesses facing higher input costs and reduced margins

  • Global growth forecasts under downward pressure

WHY IT MATTERS

This moment highlights a critical intersection: energy shocks and monetary policy uncertainty are reinforcing each other, increasing overall financial system risk.

Markets are becoming more volatile as investors attempt to price in both persistent inflation and unclear policy direction.

For policymakers, the situation creates a difficult trade-off—tightening policy risks slowing growth, while easing could allow inflation to become entrenched.

At the system level, this reflects a broader shift toward less coordinated global policy responses, increasing fragmentation.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

  • Purchasing power declines as global inflation rises

  • Currency volatility increases with policy divergence

  • Dollar strength impacts global trade pricing

  • Higher risk exposure in weaker currencies

IMPLICATIONS FOR THE GLOBAL RESET

  • Pillar 1: Energy-Driven Inflation Restructuring Markets

Sustained energy volatility is forcing structural changes in pricing systems, supply chains, and economic policy frameworks.

  • Pillar 2: Monetary Policy Fragmentation

Diverging central bank strategies signal a move toward a less synchronized global financial system, increasing instability.

CONCLUSION

The convergence of rising oil prices and uncertain monetary policy marks a significant stress point for the global financial system.

As inflation pressures persist and policy clarity weakens, the ripple effects are spreading across currencies, markets, and economies.

This is not a temporary imbalance—it reflects a deeper transition in how global finance responds to shocks.

When energy volatility meets policy uncertainty, the global financial system enters a period of structural change.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Bruce’s Big Call Dinar Intel Thursday Night 4-30-26 

Bruce’s Big Call Dinar Intel Thursday Night 4-30-26 

Transcribed By WiserNow Emailed To Recaps   (INTEL ONLY)

Recaps Note: We do not post religious or political topics - Bruce’s call tonight contained a lot of political views so intel was limited - below is a transcription of what could be posted and further down is the conference call replay link where you can listen to the entire call -

Welcome everybody the big call tonight. it's Thursday, April 30th  and you're listening to the big call. Thanks everybody for tuning in once again. We’re rocking and rolling with this thing tonight. So, got some interesting information to give you guys tonight, and look forward to that. So let’s delve into where we are from an Intel point of view.

Let's start with the cryptocurrency bill or act that is still lodged in the Senate. Now, we had been told that it was passed. We had been told there was an executive order for it, and then it's a done deal  --

Bruce’s Big Call Dinar Intel Thursday Night 4-30-26 

Transcribed By WiserNow Emailed To Recaps   (INTEL ONLY)

Recaps Note: We do not post religious or political topics - Bruce’s call tonight contained a lot of political views so intel was limited - below is a transcription of what could be posted and further down is the conference call replay link where you can listen to the entire call -

Welcome everybody the big call tonight. it's Thursday, April 30th  and you're listening to the big call. Thanks everybody for tuning in once again. We’re rocking and rolling with this thing tonight. So, got some interesting information to give you guys tonight, and look forward to that. So let’s delve into where we are from an Intel point of view.

Let's start with the cryptocurrency bill or act that is still lodged in the Senate. Now, we had been told that it was passed. We had been told there was an executive order for it, and then it's a done deal  --

At this point, I don't think that's the case. I don't think it's done deal, except that President Trump did a signing of certain executive order or orders today at 2pm Eastern. It was not open to the press.

Yet another meeting at three.  And I think it was like a well, it's hard to say what the meeting, who the meeting was involving. We had one at three and one at four o'clock in the afternoon today, so one in three, one in four, and then the signing of this executive order, or executive orders, was at two o'clock, but not covered by the press, on purpose, was closed to the press.

Now, what in the world did he sign? I don't know.

What did he sign? I don't know. Maybe, maybe there was some kind of override for the clarity Act, which is the crypto currency act, right? There's several things that have gone through or in the process of going through in Congress, but I have to tell you, President Trump was, I'm going to say it in a nice way, highly ticked off.

Now, when is all of this going to be settled?

What we're hearing is, I'll start with our new timeline, starting tomorrow, the first of May, the QFs system is to be fully integrated.

Accounts are completely integrated on the quantum financial system. We thought that a couple of weeks ago, because I remember saying it on the big call, finalized. But what makes it all they first what else I'm being told that even though this clarity Act has not officially passed through through the Senate today, that it should be done by Monday,

and that we would be getting our 800 numbers sometime between today and Monday would be the fourth, I believe, May everything let's just call it early May.

We have a new prime minister, not sudani for Iraq.  And try to think of how his name is pronounced. It's Ali -  Al something I don't want to miss I don't want to miss it. I'm not a guy, but he is probably and picked, and we might have had something to do to hand pick him to be in that position.

He is already in place, even if you don't see him, see the debt. And we should have new rates on not only dinar, but all of the other currencies Sunday night, when the Forex comes back up, and we should have those reflected Monday, which is the fourth of May

So did we get pushed another week?   Didn't happen this week, and I sure hope that everything is on tap, that we get this clarity act on, even if President Trump has to override it with an executive order.

Maybe something along those lines were signed today at two o'clock. I don't know. It wasn't designed to be put out. Press did attend? They were not allowed to attend.

We'll see what we'll find out at some point, we'll find out  

Everybody, have a great week, and we will talk you Tuesday night call. Don't forget email, managing the last day of the sale tomorrow on those two specific sales and Boomers, God bless you guys. Thank you for tuning in again, and we will see you on Tuesday night.

Bruce’s Big Call Dinar Intel Thursday Night 4-23-26 REPLAY LINK      Intel Begins  1:29:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FO0TX

Bruce’s Big Call Dinar Intel Tuesday Night 4-28-26 REPLAY LINK     Intel Begins   1:14:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FO0tZ

Bruce’s Big Call Dinar Intel Thursday Night 4-23-26 REPLAY LINK      Intel Begins  1:13:53

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FO0Up

Bruce’s Big Call Dinar Intel Tuesday Night 4-21-26 REPLAY LINK     Intel Begins   1:17:27

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FO095

Bruce’s Big Call Dinar Intel Thursday Night 4-16-26 REPLAY LINK      Intel Begins  1:20:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FO0R7

Bruce’s Big Call Dinar Intel Tuesday Night 4-14-26 REPLAY LINK     Intel Begins   1: 01:15

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FOo2m

Bruce’s Big Call Dinar Intel Thursday Night 4-9-26 REPLAY LINK      Intel Begins  1:19:19

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FOosg

Bruce’s Big Call Dinar Intel Tuesday Night 4-7-26 REPLAY LINK     Intel Begins   1: 17:37

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FOobY

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Friday 5-1-2026

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR Update as of Fri. 1 May 2026

Compiled Fri. 1 May 2026 12:01 am EST by Judy Byington

“Be the change that you wish to see in the world.” ― Mahatma Gandhi

Judy Note: The new gold/asset-backed Quantum Financial System (QFS) will combine with NESARA/GESARA Laws to replace the corrupt central banking system.

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR Update as of Fri. 1 May 2026

Compiled Fri. 1 May 2026 12:01 am EST by Judy Byington

“Be the change that you wish to see in the world.” ― Mahatma Gandhi

Judy Note: The new gold/asset-backed Quantum Financial System (QFS) will combine with NESARA/GESARA Laws to replace the corrupt central banking system.

A long planned Global Currency Reset of 209 nations from fiat currency to gold/asset backed will return power, wealth and sovereignty back to the people.

This is not the end. This is a New Beginning.

Stay calm. Stay safe. Stock up on essentials. Trust the plan.

The Storm is here — but dawn is breaking. The Golden Age of freedom, prosperity and advanced technology is the start of the greatest comeback in human history.

~~~~~~~~~~~~~

Thurs. 30 April 2026 Breaking! GESARA Unleashed, NESARA’s Revolutionary Impact Reshaping the Nation!

Political changes coincide with a financial revolution. RV liquidity release heralds the Global Currency Reset under GESARA and NESARA, overhauling world monetary systems for asset-backed prosperity.

The Quantum Financial System replaces corrupt banks with secure networks protecting public wealth.

The Treasury Secretary’s presence in Reno advances the finalphase of the financial reset.

International partners including BRICS shift from the petrodollar to sovereign currencies. Geopolitical realignments and National Guard readiness indicate major changes. Quantum communications enhance security. This movement builds an equitable future impacting all lives for generations.

~~~~~~~~~~~~~

Thurs. 30 April 2026 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin 123456#, 667-770-1865: On Fri. 1 May 2026 the QFS System is to be fully integrated with our Quantum Accounts. A high source said that sometime between Mon 4 May and Wed. 6 May Tier4b should receive the 800 numbers to set exchange/redemption appointments. The new currency rates were set to be on the Forex by Sun. 3 May 2026.

~~~~~~~~~~~

Thurs. 30 April 2026 Exchange/Redemption Appointments …Tier4b ISO20022 on Telegram

Bond teams are still pushing payouts, first-wave transfer notes were confirmed this am.

Paymasters have clear marching orders: all first-round accounts had to (allegedly) be settled by last Wednesday 29 April 2026.

Private notifications(allegedly)  start rolling out this afternoon, so watch your email or SMS for an appointment code. No code, no slot—guard it like cash.

What Happens Next: (allegedly)

Day 0 – Safe-Link Drop Released 24 hours before the first in-person sessions. Open it only from your own device.

Day 1 – Appointments for 100 T – 300 T holders
• ID check
• Digital credit to your accounts (no physical cash)
• Quick tax-framework briefing

Day 2 – Large Holdings (400 T +) Same steps, but with extra time for project networking and escrow options.

Day 3 and beyond – Return Negotiations & Higher Caps Come back with full documentation if you’re aiming above the initial limits.

Current Numbers – April 13 2026:

No projects → USD 15 million total, no matter how many notes you hold
With projects → first two bond notes at 1:1; every note after that @ USD 25 million per 100 T (up to 30 notes)
More than 30 notes → schedule a follow-up visit with full paperwork

Rates are still pegged extremely high, but expect minor tweaks right up to the moment funds post.

Security Snapshot: All obstruction attempts have been neutralized; monitoring teams report zero threats to the system. Keep things quiet—don’t broadcast your numbers and never forward official emails.

Appointment Checklist

Bring any trusted advisor, banker, or friend who keeps you sharp
Prepare a two-page project overview—scope, budget, impact
Set up multiple bank accounts in advance if you want fast diversification
Rest up; a clear mind makes better calls

Everything is moving on schedule—the finish line is in sight. Follow the instructions, stay focused, and be ready when the phone rings.

Read full post here:  https://dinarchronicles.com/2026/05/01/restored-republic-via-a-gcr-update-as-of-may-1-2026/

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  [Iraq boots-on-the-ground report]  OMAR:  The new candidate for prime minister just spoke on the television.  He's saying he is eager and willing to work with all political forces inside...Iraq and looking forward to meeting the demands of the citizens and he is going to continue the monetary reform.  FRANK:  Wow!  I am excited...because we know the demands of the Iraqi citizens. They want purchasing power.  They want the CBI to release the new exchange rate...

Stephen  Some of us have been involved in this since we occupied Iraq back in 2003.  Some of you might have gotten invested a few years ago, maybe a few months ago.  I've been invested in this for 15 years.  Ever since the day I invested, I have been following the news....As non-hypy as possible and this is not hopium to make you feel good, I can honestly say in all of my years of being invested in the Iraqi dinar I have never seen such movement and pressure that I am seeing right now with what the USA is directly and indirectly doing to the country of Iraq.

Jeff The budget can't get approved till the new currency value exists.  It's a law.  All aspects of a law have to exist for them to approve it, which means the currency value has to exist because the budget is calculated off the currency value. So, that has to exist before it can get sent to parliament for approval.  That's the reason they told us about a month ago that the budget would get approved after the government is formed because when the government is formed they they get a change of rate, then proceed with a budget approval.

***************

BRACE YOURSELVES! Elites Are Planning Something BIG For Gold & Silver Buyers

4-30-2026

https://www.youtube.com/watch?v=nAhSFrH_JkY




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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

Coffee with MarkZ, joined by Mr. Cottrell 05/01/2026

Coffee with MarkZ, joined by Mr. Cottrell 05/01/2026

MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions

MZ:  Codeman Friday! Trump invites Al-Zaidi to the White House, Ripple makes ripples, Iran, and Mr. Cottrell takes questions. After Mr. C we enjoy some time with the CBD Gurus.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Coffee with MarkZ, joined by Mr. Cottrell 05/01/2026

MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions

MZ:  Codeman Friday! Trump invites Al-Zaidi to the White House, Ripple makes ripples, Iran, and Mr. Cottrell takes questions. After Mr. C we enjoy some time with the CBD Gurus.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

https://rumble.com/user/theoriginalmarkz

Kick:  https://kick.com/theoriginalmarkz

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 )https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

THANK YOU FOR JOINING.  HAVE A BLESSED DAY.  FOR UPDATES ON MARK’S PODCAST GO TO: https://t.me/+b3hYhYlhKM1hYzcx

Youtube:     https://www.youtube.com/watch?v=yWRDWQ0uMsc


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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

More News From Iraq Posted by Tishwash at TNT 5-1-2026

TNT:

Tishwash: Urgent: Trump invites al-Zaidi to visit Washington after the government is formed

Prime Minister-designate Ali Faleh Al-Zaidi received a phone call today, Thursday, from the US President, during which he congratulated him on his official appointment to form the new government, and extended an official invitation to him to visit Washington after the government is formed.

The Prime Minister's Media Office stated in a statement received by Al-Furat News that "the call included a review of the strategic bilateral relations between Iraq and the United States, and ways to develop and strengthen them in various fields."

TNT:

Tishwash: Urgent: Trump invites al-Zaidi to visit Washington after the government is formed

Prime Minister-designate Ali Faleh Al-Zaidi received a phone call today, Thursday, from the US President, during which he congratulated him on his official appointment to form the new government, and extended an official invitation to him to visit Washington after the government is formed.

The Prime Minister's Media Office stated in a statement received by Al-Furat News that "the call included a review of the strategic bilateral relations between Iraq and the United States, and ways to develop and strengthen them in various fields."

The statement added that "both sides affirmed their joint work and bilateral cooperation in order to consolidate stability in the region."  link

Tishwash: Prime Minister-designate Ali al-Zaidi discusses the financial situation and monetary policy with Central Bank Governor Ali al-Alaq

Prime Minister-designate Ali Faleh al-Zaidi and Central Bank Governor Ali Mohsen al-Alaq stressed on Thursday the importance of maintaining economic stability.

A statement from his media office, received by "Al-Eqtisad News," stated that "the Prime Minister-designate met with the Governor of the Central Bank, Ali Mohsen Al-Alaq, to ​​discuss the financial situation in the country and monetary policy in light of the current circumstances and challenges."

He noted that "the meeting emphasized the importance of maintaining economic stability and strengthening the Central Bank's procedures to achieve sustainable development in Iraq." ink

**********

Tishwash: Al-Alaq opens the Central Bank's books to Al-Zidi... and Iraq's financial situation

In one day and in two consecutive meetings, Prime Minister-designate Ali Faleh alZaidi clearly outlined his economic priorities. First, Finance Minister Taif Sami came to him to brief him

on the financial situation and the files of revenues and salaries. Then, Central Bank Governor Ali Mohsen al-Alaq came to him to discuss monetary policy and strengthening economic stability, on Thursday (April 30, 202

The Prime Minister’s Media Office stated in a statement received by that“Prime Minister-designate Mr. Ali Faleh Al-Zaidi met today, Thursday, with the Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq.” The meeting witnessed “a discussion of the financial situation in the country and monetary policy in light of the current circumstances and challenges, where the    importance of maintaining economic stability and strengthening the Central Bank’s procedures was emphasized, in order to achieve sustainable development in Iraq .   link 

************

Tishwash:   Taif Sami gives Al-Zaidi a full picture of Iraq's financial reality and salaries

In their first meeting

Prime Minister-designate Ali al-Zidi met today, Thursday (April 30, 2026), with Finance Minister Taif Sami for their first meeting, to discuss the financial situation in Iraq, as well as the issues of financial revenues and salaries. 

The media office of Al-Zaidi stated in a statement, which was followed by , that“Prime Minister-designate Ali Falih Al-Zaidi met today, Thursday  with Finance Minister Ms. Taif Sami.” According to the statement, the meeting included a review of the financial situation in Iraq, including financial revenues and the salary file, as well as a discussion of the challenges facing the financial situation under the current circumstances, and the importance of continuing to work on maximizing and diversifying financial resources.

According to the statement, the meeting included a review of the financial situation in Iraq, including financial revenues and the salary file, as well as a discussion of the challenges facing the financial situation under the current circumstances, and the importance of continuing to work on maximizing and diversifying financial resources.

************

Tishwash:  MP: This year's budget is a priority for the next government

Member of Parliament, Miqdad al-Khafaji, confirmed on Thursday that the current financial and economic crises necessitate expediting the completion of the general budget, indicating that this file will be at the top of the agenda of the next government as soon as it is formed.

Al-Khafaji stated to Al-Maalomah News Agency that "the exceptional circumstances the country is experiencing and the worsening financial crisis necessitate close coordination between the Council of Ministers and the Parliament to ensure the passage of the budget law for the remainder of this year."

He added that "the incoming government will, immediately after gaining confidence, begin preparing the budget schedules and drafting its articles to align with the scale of the economic challenges," emphasizing the need to resolve the issue to secure salaries and the completion of stalled service projects.  link

Tishwash:  Launch of the "Merchant Platform" in Iraq: A digital step to support the economy and diversify trade.

The Prime Minister’s economic advisor, Mazhar Muhammad Saleh, confirmed on Thursday that the electronic merchant platform represents a real test of Iraq’s ability to turn economic ambition into reality, while noting that Iraq is witnessing a remarkable expansion in its trade partnerships.

Saleh said in a press statement that "in a step that reflects a serious trend towards modernizing the economic structure, Iraq announced the launch of the electronic (Trader Platform) and the activation of automation procedures, within a strategic path aimed at facilitating trade and enhancing our country's integration into the regional and international economy."

He explained that “(the Merchant Platform) does not merely represent administrative development and high-level governance in transparency, accountability and participation, but rather indicates a qualitative shift in the philosophy of managing the economy, from the traditional pattern based on complexity and bureaucracy, to a more efficient digital model that keeps pace with the requirements of modern market systems that are explicitly stipulated in the constitution.”

He pointed out that “the electronic platform (the merchant platform) is a pivotal tool for empowering the private sector and advancing it institutionally, as it provides an integrated electronic environment for issuing import and export licenses, adopting the (one-stop shop) system for registering companies, in addition to providing banking facilities and loans that support commercial activities, which would reduce time and costs, stimulate investment, open the door to a wider segment of entrepreneurs and improve market climate standards in accordance with the global requirements of the World Trade Organization, the World Bank and other international partners.”

He added, "This step coincides with positive economic indicators, as Iraq continued to record growth in the volume of its foreign trade, which exceeded $65 billion, with a remarkable trade surplus driven by the rise in oil exports in the past few years. This performance also contributed to strengthening Iraq's position among Arab and global economies, reflecting promising potential if it is properly invested."

He pointed out that "the real challenge lies not in the size of the numbers, but rather in their nature, as exports still depend almost entirely on oil, which makes the economy vulnerable to the fluctuations of global markets. This is where the importance of the 'Trader Platform' comes in as a means to support the diversification of the economy, by facilitating non-oil trade and encouraging local production."

On the regional relations front, Saleh affirmed that “Iraq is witnessing a remarkable expansion in its trade partnerships, whether with Arab countries or neighboring countries, indicating the restoration of its role as an active economic center. This trend is reinforced by the (Development Road) project, which is expected to transform the country into a strategic hub for transport and trade, linking the Gulf, Turkey, and Europe.”

 He explained that “the relevant official bodies are committed to the success of these projects with precision and to ensuring their actual implementation, providing a stable legal and regulatory environment, in addition to combating bureaucracy and removing obstacles to any real economic reform.”

He pointed out that “digital transformation in the trade sector is not a luxury option, but an inevitable necessity in a world that is rapidly moving towards a digital economy. If this step is properly invested, Iraq has a real opportunity to move from a rentier economy to a diversified economy that is more sustainable and competitive.”

He concluded by saying: “The (Trader Platform) represents a serious test of Iraq’s ability to translate its economic ambitions into tangible reality.

It will either be a gateway to a modern economy, or it will remain just a promising project added to the list of incomplete opportunities.” link




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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Iraq Economic News And Points To Ponder Friday Morning 5-1-26

Iraq’s Import Trap: A System That Produces Demand, Not Supply

2026-05-01 Shafaq News   Every day, above the oil fields of southern Iraq, gas burns off into the sky in towers of orange flame. Iraq flares 1,200 million standard cubic feet of gas per day —enough, if captured, to power the industries the country doesn't have. Instead, Baghdad imports gas from Iran to generate electricity for the factories that cannot run without it.

 It pays billions for the fuel it is simultaneously destroying. The ships that arrive at Umm Qasr carrying rice, sugar, and cooking oil are a symptom of the same logic: a country that possesses what it needs, and cannot stop paying others to provide it.

Iraq’s Import Trap: A System That Produces Demand, Not Supply

2026-05-01 Shafaq News   Every day, above the oil fields of southern Iraq, gas burns off into the sky in towers of orange flame. Iraq flares 1,200 million standard cubic feet of gas per day —enough, if captured, to power the industries the country doesn't have. Instead, Baghdad imports gas from Iran to generate electricity for the factories that cannot run without it.

 It pays billions for the fuel it is simultaneously destroying. The ships that arrive at Umm Qasr carrying rice, sugar, and cooking oil are a symptom of the same logic: a country that possesses what it needs, and cannot stop paying others to provide it.

Iraq’s GDP stood at $279.6 billion in 2024, according to the World Bank. In that same year, oil accounted for 89% of the country's foreign exchange earnings, with crude oil accounting for between 92 and 99% of total exports.

The country sits atop one of the largest hydrocarbon reserves on earth. And yet it cannot feed itself, power its factories reliably, or manufacture goods that compete on its own domestic market.

The standard explanation —weak institutions, post-war damage, incomplete reconstruction—describes symptoms while leaving the cause untouched. The more accurate account is this: the political economy that oil built in Iraq actively destroys the conditions under which domestic production could ever compete.

Every boom has deepened the dependency rather than reducing it, not by accident but by design, because the system that distributes oil revenues is also the system that governs, and it has no incentive to change.

$80 Billion in Imports

Iraq's annual import bill exceeds $80–90 billion in goods, according to Iraqi Ministry of Planning estimates. That number is striking because of what it covers. Between 80 and 100% of many basic staples, including wheat, rice, and sugar.

The dependency on agricultural imports has been building since the mid-1960s, accelerating through each successive conflict, and never reversed during the periods of relative stability and high oil prices that should, theoretically, have enabled investment in domestic alternatives.

The USDA's Foreign Agricultural Service documented what this looks like at ground level in its most recent grain reporting on Iraq. In one recent drought year, the planted area for paddy rice fell by 96% compared to the previous season, as the government restricted cultivation areas in the south due to water shortages. Iraq —a country bisected by the Tigris and Euphrates, ancient breadbasket of the Fertile Crescent— cannot reliably grow its own rice.

The gap between what Iraq consumes and what it produces is not a temporary problem awaiting the right infrastructure investment; it is the settled outcome of a structural transformation that oil revenue accelerated and that no government since 2003 has found either the tools or the political will to reverse.

Dutch Disease, Iraqi Edition

Economists have a precise term for what happened: Dutch disease describes the way a resource boom creates overreliance on one sector at the expense of others, operating through two channels: a resource movement effect, where labor migrates from manufacturing to the booming sector, causing direct deindustrialization; and a spending effect, where increased revenues raise demand for non-tradable goods, causing indirect deindustrialization. Iraq exhibits both channels in their most acute form.

Oil extraction accounts for 55% of Iraqi GDP; manufacturing, construction, water, and electricity combined account for 8%. Agriculture accounts for 4%. The tradable, productive sectors of the economy were not gradually outcompeted; they were crowded out by a state that, flushed with petrodollars, found it cheaper and politically easier to employ people directly than to build the conditions for a private economy.

Iraq's labor force numbers around 15 million people, and approximately 42% work in the public sector, an outcome rooted in decades of state-centered economic policy, first institutionalized under the Ba'ath regime and later reinforced during the post-2003 reconstruction period.

The World Bank reported that the average Iraqi public employee generates 17 minutes of effective work per day. More than 10.5 million Iraqi citizens —approximately a quarter of the total population— receive a monthly salary from the state. Salary and pension obligations now exceed $48 billion annually, close to 40% of the federal budget, according to Iraq's Federal Board of Supreme Audit.

Every dinar spent retaining a surplus civil servant is a dinar not spent on the power grid, the roads, or the credit facilities that would allow a private manufacturer to exist, let alone compete.

Factories That Cannot Run

Of all the structural obstacles facing Iraqi producers, none is more concrete or more consequential than electricity, and the way the country manages its own energy.

Iraq is the world's second-largest gas-flaring country after Russia, burning 1,200 million standard cubic feet per day while simultaneously importing gas from Iran at a cost of billions of dollars annually, spending roughly $2.78 billion on Iranian gas in 2021 alone, and twice that the following year, according to the Washington Institute for Near East Policy. The fuel that could power Iraqi industry is instead lit on fire above the fields that produce it, while the state pays a neighbor for the replacement.

The supply gap this creates is severe, even before an acute outage in the summer season, Iraq generates around 24,000 megawatts, considerably less than the estimated 34,000 megawatts needed to meet local demand. The International Energy Agency projects the deficit will persist: even if all planned capacity additions are completed and transmission reforms implemented, Iraq will still face a shortage of approximately 10,000 megawatts over the next five years.

For a manufacturer, unreliable electricity is not an inconvenience; it is a structural cost that no tariff protection can offset. A factory running on backup diesel generators faces energy expenses far above those of competitors in Turkiye, Iran, or China, where power is stable and often subsidized. Iraqi producers are asked to compete internationally with one hand tied behind their back, and then told the problem is that their hand is weak.

The financial structure of the electricity sector ensures the crisis cannot self-correct. Only about 20% of electricity bills are paid in full, driven by weak enforcement and a widespread public expectation that electricity should be a free public service.

More than 50% of generated electricity is lost before billing through theft and inefficiency, and less than 30% of total production contributes to financial revenue, leaving only about 10% of operational expenses covered by collections.

A ministry that recovers a tenth of its operating costs cannot invest in the grid. A grid that cannot be invested in remains unreliable. An industry that cannot rely on the grid cannot grow. The loop is closed, and it has been closed for decades.

Tariff That Is Not a Tariff

Protective tariffs exist on paper for domestic manufacturers. The government operates a Public Distribution System providing subsidized staple foods, purchases grain harvests at above-market prices, and has backed financing for over 1,300 industrial projects. Formally, the architecture of industrial protection is present.

What is also present —and what systematically neutralizes it— is the border. Cartels maintain control around Iraq's key crossing points, employing false trade invoicing whereby importers misrepresent or undervalue products to pay less import duty, while encouraging officials to ignore mandatory inspections.

Analysts estimate that smuggling and illicit trade activities deprive the state of between three and four billion dollars in lost revenue annually. A tariff that is not enforced at the point of entry is not a tariff; it is an announcement.

Transparency International's 2024 Corruption Perceptions Index scored Iraq at 26 out of 100, against a world average of 43. The IMF, in its 2023 Article IV consultation, found that customs procedures required urgent modernization and that anti-smuggling initiatives had not been implemented on a meaningful scale.

It also recorded, without evident surprise, that approximately $2.5 billion was stolen from Iraq's General Commission for Taxes in 2021–22, only a fraction of which has been recovered.

owsThe Public Distribution System, meanwhile, provides genuine short-term relief. Research by the WFP and the IPC found that the PDS sl the transmission of global food price shocks to Iraqi consumers, with local prices adjusting to roughly 68% of an international price increase after five months. But the same research concluded the system strains the public budget while failing to provide long-term protection from global price volatility.

Political Trap

This is the argument that matters most, and the one most economic reporting on Iraq consistently avoids: import dependence is not a policy problem awaiting a technical solution. It is the equilibrium output of a rentier political settlement, and every actor inside that settlement has a rational interest in preserving it.

Rentier dynamics have produced deeply rooted public expectations of state generosity. Any attempt to cut subsidies or restructure the payroll risks provoking popular backlash —as Prime Minister Haider al-Abadi found directly when his 2015–18 reform efforts were met with mass protests. The government distributes oil revenues not primarily to develop the economy, but to maintain social peace.

Public employment is patronage institutionalized. Subsidized imports are a transfer payment that happens to destroy the market for domestic producers. The arrangement works, politically, for as long as oil prices cooperate.

They are not cooperating as the oil price required to balance Iraq's budget rose to around $84 per barrel in 2024, up from $54 in 2020, as spending expanded and non-oil revenues stagnated. With oil trading well below that threshold, Iraq is running a structural fiscal deficit while being politically unable to address its causes. Non-oil GDP was projected to slow to just 1% in 2025 as falling oil prices and financing constraints weighed on government spending and consumer sentiment.

The IMF's 2025 Article IV mission delivered its verdict without diplomatic softening: Iraq's vulnerabilities have increased in recent years due to a large fiscal expansion, and the country is struggling with high unemployment, an excessive state footprint, a weak banking sector, corruption, and an inefficient electricity sector.

It called for customs enforcement, tariff reform, wage bill reduction, labor market liberalization, and governance improvements —presenting these not as optional enhancements but as interlocking necessities. Iraq has received versions of the same prescription, from the same institution, in nearly the same language, for more than a decade.

Read more: Youth in despair, no jobs to share: Iraq’s workforce hanging in the air

Gas Will Keep Burning

Iraq will not resolve its import dependency through targeted subsidies, above-market procurement prices, or financing windows for industrial projects. These are interventions inside a system whose own logic produces the problem they are designed to solve. The dependency will begin to close only when the cost of maintaining the current settlement exceeds the cost of dismantling it, when oil revenue falls far enough, for long enough, that the state can no longer afford to employ a quarter of the population, subsidize electricity it cannot bill for, and look the other way at borders it does not control.

That moment may be approaching as it has approached before —after 2014, after 2020— and passed without transformation. Whether this time is different depends less on any particular minister or reform package than on whether the fiscal pressure now building is severe enough to break the political coalition that has made dependence the rational choice for twenty years.

Until then, the gas will keep burning above the southern fields. The ships will keep arriving at Umm Qasr. And somewhere between the flame and the cargo hold lies the answer to a question Iraq has not yet decided it wants to ask.

Read more: Iraq's gas flaring paradox: a wealth of resources, a nation in need

Written and edited by Shafaq News staff.

https://www.shafaq.com/en/Report/Iraq-s-import-trap-A-system-that-produces-demand-not-supply

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