Triple Failure: Bonds, Real Estate, & Currencies | Rafi Farber

Triple Failure: Bonds, Real Estate, & Currencies | Rafi Farber

Liberty and Finance:  6-8-2026

Interview with Rafi Farber presents a high tension view of a global financial system under multiple pressure points.

He argues paper and physical precious metals may appear aligned today but could rapidly diverge if confidence shifts suddenly rather than gradually.

 Oil is framed as a potential trigger, where a sharp spike could force asset sales, accelerate inflation, and expose leverage across credit, housing, and equities.

The discussion emphasizes that rising global debt and interest rate constraints are not isolated national issues but part of a synchronized global monetary structure.

 Overall, the interview portrays a tightly wound system where energy, credit, and precious metals function as interconnected fault lines beneath fragile confidence.

INTERVIEW TIMELINE:

0:00 Intro

1:11 Triple Failure: Bonds, Real Estate, and Currencies

10:45 Strait of Hormuz

21:30 Paper vs. Physical Markets

27:47 Demand for 1000 oz silver bars 29:89 Retail demand

34:00 End Game Investor

36:00 Last thoughts

https://www.youtube.com/watch?v=GTwoEYNYQs8

Iraq Economic News and Points To Ponder Monday Evening 6-8-26

Economic Expert: The Priority Is Not The Strength Of The Dinar, But Securing Financial Liquidity.

 Baghdad Today – Baghdad   On Saturday (June 6, 2026), economist Ziad Al-Hashemi commented on the statements of the Prime Minister’s advisors regarding the government’s measures to stabilize the value of the Iraqi dinar and maintain its purchasing power, considering that the current timing is not appropriate for this economic discourse.

Al-Hashemi said in a post on social media, which was followed by “Baghdad Today”, that “the Iraqi Prime Minister’s office is talking about the government’s work to stabilize (the value of the Iraqi dinar) and maintain its purchasing power,” indicating that “in general this approach is good and required in principle, but now is not the time to talk about the value of the dinar or its purchasing power.”

He added that "the critical problem now is not the value or strength of the dinar, but rather the availability of the dinar. The government is clearly suffering from a lack of sufficient dinars to sustain its work and pay salaries on time, as a result of the decline in oil revenues to their lowest level."

He pointed out that "the government was required to speak transparently and to tell the people the extent of the problem, what its emergency plan is to deal with the shortage of dinar liquidity in its treasury, and what its procedures are to provide the liquidity required to feed public finances during this month and the coming months."

The economist explained: “As for talking about the value of the dinar, its purchasing power, and the inflation rate, this can be postponed to the future and after overcoming the current suffocating financial crisis that complicates the work of the Iraqi government and prevents it from performing its financial duties as it should,” stressing that “such statements about the value of the dinar are appropriate for normal conditions and not in an exceptional emergency situation in which the government is suffering from a shortage of dinars.”   https://baghdadtoday.news/300815-.html

Saleh's Appearance: The 2027 Budget Enhances Fiscal Sustainability And Supports Economic Reform.

Time: 2026/06/08    {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed on Monday that the 2027 budget will enhance financial sustainability and support economic reform, noting that government spending continues in accordance with the Financial Management Law despite the delay in approving the budget.

 Saleh said in a press statement: “Iraqi financial policy is still being managed in accordance with the provisions of the amended Federal Financial Management Law No. (6) of 2019, particularly Article (13) thereof, which regulates the mechanisms of public spending in the event of a delay in the approval of the Federal General Budget Law,” noting that “the aforementioned article allowed the continuation of the work of state institutions by granting the Minister of Finance the authority to authorize ministries and entities not affiliated with a ministry to spend at a rate of (1/12) monthly of the total actual current expenditures for the previous fiscal year after excluding non-recurring expenditures, until the approval of the Federal General Budget.”

He added that “this mechanism contributed to ensuring the financing of the state’s basic obligations, foremost among them salaries, wages, pensions, social protection and welfare benefits, as well as the operational expenses necessary to continue providing public services,” explaining that “the same article allowed for the continuation of financing ongoing investment projects based on actual completion rates or completed equipment, provided that cash liquidity and expected allocations are available within the subsequent budget project.”

Saleh explained that “Iraqi public finances faced exceptional challenges during 2026 as a result of geopolitical and regional developments and the accompanying disruptions in global energy markets, supply chains and international trade, which directly affected oil revenues, which represent the main source of public revenues,” stressing that “these changes imposed increasing pressure on the government’s financial position and its ability to finance operational and investment spending, which prompted the government and the Ministry of Finance to move towards preparing the draft federal general budget for 2027 according to a reformist perspective aimed at maintaining financial sustainability and macroeconomic stability.”

He pointed out that "the anticipated budget will focus on enhancing the efficiency of public resource management and rationalizing operational spending, protecting social spending related to the most vulnerable groups, as well as giving priority to investment projects with high economic and developmental feasibility," noting that "among the budget's priorities is also diversifying sources of public revenues and reducing relative dependence on oil revenues, supporting financial and administrative reform programs and government digitalization, in addition to enhancing the national economy's ability to cope with external shocks and achieve financial stability in the medium and long term."

Saleh affirmed that "these trends are consistent with the objectives of the state's financial strategy and public financial management development programs, as well as the pillars of Iraq's 2035 vision, which aims to build a diversified and sustainable economy capable of achieving comprehensive growth and development and enhancing the resilience of public finances in the face of regional and international changes." https://alforatnews.iq/news/مظهر-صالح-موازنة-2027-تعزز-الاستدامة-المالية-وتدعم-الإصلاح-الاقتصادي

The Prime Minister's Advisor Reveals Details Of The 2027 Budget: It Will Be Reform-Oriented.

economy    2026-06-08   Alsumaria News- Economy:  The Prime Minister's financial advisor confirmed Mazhar Muhammad SalihOn Monday, he stated that the 2027 budget will enhance fiscal sustainability and support economic reform, noting that government spending will continue according to Financial Management LawDespite the delay in approving the budget.

Saleh said in a statement to the official news agency, which was followed by Alsumaria News Iraqi fiscal policy is still being managed according to the provisions of Federal Financial Management Act Law No. (6) of 2019, as amended, and in particular Article (13) thereof, which regulates the mechanisms of public spending in the event of a delay in approval Federal General Budget Law

He pointed out that "the aforementioned article allowed the continuation of the work of state institutions by granting the Minister of Finance the authority to authorize ministries and entities not affiliated with a ministry to spend (1/12) monthly from the total actual current expenditures for the previous fiscal year after excluding non-recurring expenditures, until approval Federal General Budget"

He added that "this mechanism has contributed to ensuring the financing of the state's basic obligations, foremost among them salaries, wages, pensions, social protection and welfare benefits, as well as the operational expenses necessary to continue providing services."public services

He explained that "the same article allowed for the continued funding of ongoing investment projects based on actual completion rates or completed equipment, provided that cash liquidity and anticipated allocations were available within the subsequent budget."

Saleh further clarified that "Iraqi public finances faced exceptional challenges during 2026 as a result of geopolitical and regional developments and the accompanying market turmoil."Global Energy International supply chains and trade have been disrupted, directly impacting oil revenues, which are the primary source of public income.

These changes have placed increasing pressure on the government's financial position and its ability to finance operational and investment spending, prompting the government and the Ministry of Finance to prepare the draft budget.Federal General For 2027, according to a reformist perspective aimed at maintaining fiscal sustainability and macroeconomic stability.”

He pointed out that “the anticipated budget will focus on enhancing efficiency.”Resource Management

The budget also prioritizes public spending, rationalizing operational expenditures, protecting social spending related to the most vulnerable groups, and prioritizing investment projects with high economic and developmental feasibility.

He noted that other budget priorities include diversifying public revenue sources, reducing relative dependence on oil revenues, supporting financial and administrative reform programs and government digitalization, and enhancing capacity. national economy To confront external shocks and achieve financial stability in the medium and long term." 

https://www.alsumaria.tv/news/economy/566330/مستشار-رئيس-الوزراء-يكشف-تفاصيل-موازنة-2027-ستكون-اصلاحية

The Finance Committee Rules Out Approving The 2026 Budget And Confirms: Salary Payments Will Not Be Affected

Money and Business   Economy News – Baghdad    The parliamentary finance committee explained that approving the 2026 budget is unlikely given the ongoing work to complete the government program and the cabinet, while stressing that the current priority is securing salaries and addressing the economic challenges facing the government.

Finance Committee member, Ribwar Karim, told the official newspaper, as reported by "Economy News," that "this year's budget will most likely not exist, and work will begin on studying the 2027 budget, stressing that securing salaries will not be affected, and that the government has very large capabilities to address the deficit through internal or external borrowing or by using the Central Bank."

Karim added that "everyone agrees on supporting the government's efforts in securing salaries and reaching the next budget, indicating that things will be clearer in the next budget with regard to the effects of the Strait of Hormuz and oil prices and expanding revenues, especially after the application of the Customs Tariff Law and the ASYCUDA system, which will provide greater diversity in sources of income."

Karim explained that the absence of a budget until the middle of the fiscal year is directly related to the government program, especially since the government is still in the process of completing its formation, and the House of Representatives has granted the Prime Minister the necessary confidence and powers.

He stressed that the Finance Committee is ready to support the government in facing the economic challenges, whether the 2026 budget is presented or not, indicating that any move to legislate an alternative law similar to the Food Security Law has not been proposed yet, and the matter is left to the request of the government and the Prime Minister’s vision for the next stage.   https://www.economy-news.net/content.php?id=69946

It Was a Win/Win Deal So of Course They Rejected It

It Was a Win/Win Deal So of Course They Rejected It

Notes From the Field By James Hickman (Simon Black / Sovereign Man)  June 8, 2026

On November 6, 1906, an American entrepreneur named Augustus E. Staley incorporated his cornstarch manufacturing business in Decatur, Illinois— the first city that Abraham Lincoln came to when he first moved to Illinois at the young age of 21.   Staley’s A.E. Staley Manufacturing Company made cornstarch... which is hardly sexy by modern business standards. But over time his company was a huge success and grew it into a major Midwest food processor.

Like a lot of companies back in that day, Staley ran a "Fellowship Club" for his workers. And in the year 1919, some of the members of that club formed an intramural sports team to play what was then a strange and relatively new game called gridiron football.

The game was starting to become a lot more popular. And both the sport, and the team, took off.

By 1920 the Decatur Staleys had already won a state championship and had become a charter member of the brand new league that would become the National Football League. Shortly after the team, now professional, moved to the city of Chicago and renamed itself to da Bears.

What started off as a little intramural team survived everything the twentieth century threw at it: the Great Depression, World War II, brutal riots, political violence, domestic terrorism, and the gangland chaos of Al Capone's Chicago.

For more than a century, though, the Bears stayed true to the city of Chicago. But everyone has a breaking point, even the Chicago Bears.

Late last week, the Bears' board of directors voted to advance a stadium development project across the border in Hammond, Indiana... signaling what could very well be their permanent  departure from Chicago.

For more than fifty years, the Bears have leased Soldier Field from the city of Chicago. Five years ago, they decided to build their own stadium, paying $197 million for a nearby 326-acre parcel.

Da Bears further earmarked $2 billion of private capital to build a stadium on that site.

But the organization is not stupid. They know Illinois is broke. The state's pension system is $143 billion in the hole (the worst in America), and Chicago faces a $1.2 billion annual shortfall.

So before sinking billions into the ground, the team wanted assurances that politicians wouldn't tax the new stadium to death.

They asked for reasonable concessions— the sort of deal that any large business negotiates with cities and states before making major investments.

This is totally normal. Cities routinely grant some property-tax certainty or minor tax breaks, and in exchange they get billions in private investment, jobs, tourism, and a new tax base. Everyone comes out ahead.

This, after all, is the entire basis of capitalism: You win AND I win.

The medieval world was a zero-sum game, where one side got richer only by taking from another; capitalism's radical idea is that the pie itself can grow, so everyone can win if they work together towards a common goal.

Sadly, that remains a foreign concept on the political left.

The tax negotiation required Illinois lawmakers’ approval, and the legislature had five years to get it done. Yet they never did. After this spring’s legislative session ended last week without the Bear’s tax deal getting done, the team finally made the decision to move on.

It’s just a short drive across the border to Indiana. But the business environment is completely different. Indiana runs a budget surplus, sits on $2.5 billion in reserves, and carries a coveted AAA rating.

And it only took Indiana’s legislature a couple of months to pass a variety of incentives— worth up to $1 billion. Illinois is squeezing the team. Indiana is rolling out the red carpet.

It’s not hard to understand why: billions in private construction, thousands of jobs, and lots of new tourism dollars.

Illinois could have had that. But the Left simply does not want to do win/win deals.

Governor JB Pritzker, himself a billionaire heir to the Hyatt Hotel fortune, said he "wasn't willing to give up billions of dollars of taxpayer money in order to give it to a billionaire-owned family, or team."

Think about that. They’d rather lose the team— lose the tax base, lose prosperity, make the city worse off— than make a single concession to the Bears, simply because the owner is a billionaire.

This is what I call Billionaire Derangement Syndrome.

It was the same thing in 2019 when New York progressives (led by Alexandria Ocasio-Cortez) chased Jeff Bezos out of town. Amazon was considering New York City for its “HQ2” location, bringing billions in investment and tens of thousands of highly paid jobs.

But AOC wasn’t having any of that; Bezos, one of the world’s richest men, would have benefited from the deal, so AOC killed it... then took a victory lap to celebrate hollowing out the city’s tax base.

In the end, Bezos and Amazon did just fine. New York City has suffered. The Bears will be just fine. Chicago will suffer.

The Left only knows chaos and destruction. And their endless affliction with Billionaire Derangement Syndrome is one of the great risks to American prosperity.

There was once a time in America when successful people were admired as proof that anyone willing to build something could rise.

Now, across much of the Left, “the rich” are enemies of the state to be taxed into the ground, driven out town, or, as the activists chant, imprisoned or even ‘eaten’.

This derangement drives away the very people and capital that create prosperity and pay for everything that politicians claim to care about.

When the place you live starts treating productive people and their money as enemies to punish, rather than partners to welcome, the rational move is to think about your own Plan B.

To your freedom,   James Hickman  Co-Founder, Schiff Sovereign 

P.S. Our flagship research service, Schiff Sovereign Plan B Confidential, is built for the practical, legal steps to diversify across borders before you ever need them. Inside, we cover second residencies and citizenships, international banking, legal tax reduction, and real-asset strategies — all drawn from boots-on-the-ground intelligence in more than 120 countries. Because the time to give yourself options is while you still have them. 

https://www.schiffsovereign.com/trends/155288-155288/?inf_contact_key=75e16df88585e0bd8361960b68d8e4962ee8e4b705a211e22edd8f4baaa26cc6

Ross: The IQD RV Thesis is Stronger than Ever Before

Ross: The IQD RV Thesis is Stronger than Ever Before

6-8-2026

Japan isn’t just another investor.

They are the global leader in real-world XRP adoption — having spent a decade building XRP-native financial infrastructure while most of the world was still debating.

They’re not experimenting. They’re operational.

Why do you think Japan is looking to do business with Iraq?

After IQD RVs, Iraq will face massive FDI inflows — especially once HCL fully unlocks the energy sector — plus enormous oil revenue streams.

Moving that capital efficiently, cheaply, and compliantly across borders becomes non-negotiable.

We’re watching the global shift to tokenized assets and currencies.

Iraq opening the door to Japanese capital right now positions the new dinar to plug directly into that ecosystem instead of fighting legacy systems.

That opportunity only materializes cleanly post-RV — with a stable, revalued, and digitally capable dinar.

Iraq is in a transition year due to the Iran War.

New leadership. New cabinet. Reforms loading.

Liquidity tightened.

HCL and diversification from oil just became urgent.

CBI isn’t bending.

They’re enforcing their mandate and forcing real fiscal discipline.

FUDsters doubt when the pieces are finally aligning…

After 23 years of waiting, this is the fastest things have moved.

IQD RV thesis is stronger than ever before.

Channel 8 English:  The Central Bank of Iraq (CBI) issued a comprehensive policy defense clarifying the technical parameters of its liquidity management operations and firmly denying media allegations that the regulator has engaged in unbacked currency printing to fund the government's public deficit.

 In an official statement released by its Media Office, the apex bank warned that misrepresenting routine open-market procedures risks undermining public confidence in the Iraqi Dinar (IQD) and creating artificial inflationary panics. Read more: https://channel8.com/english/news/59453

Source(s):
• https://x.com/Ross_ptm/status/2063704623043751986
• https://x.com/Ross_ptm/status/2063711904158388429

https://dinarchronicles.com/2026/06/08/ross-the-iqd-rv-thesis-is-stronger-than-ever-before/

Iraq Economic News and Points To Ponder Monday Afternoon 6-8-26

Iraq’s Central Bank Prints Trillions Of Dinars To Cover State Expenditures

Iraq   Amr Salem   June 7, 2026  Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) issued around 25 trillion dinars to pay governmental expenditures, bringing the total money supply to 125 trillion dinars.  According to media reports, the step took place to counter falling oil income caused by regional interruptions in petroleum shipments.

Iraq’s crude oil exports fell by 3.22 million barrels per day in May 2026, a loss of more than 97 percent, owing to continuous disruptions in marine traffic in the Strait of Hormuz caused by the war against Iran.  The revenues generated from oil exports plummeted to $1.87 billion in April, a drop of roughly $5 billion from pre-war levels. 

Given Baghdad’s near-total reliance on oil revenues to cover public spending, this dramatic cash outflow threatens to exacerbate the country’s structural fiscal imbalance. 

The issuance of more banknotes has caused tremendous economic strain, fueling inflation and diminishing the purchase value of the local currency. 

Iraqi Foreign Minister Fuad Hussein has cautioned that the step represents a short-term solution and that extended disruptions in oil shipments might jeopardize public-sector payrolls. 

The government issued the 25 trillion dinars to avoid a short-term liquidity crisis, as Iraq’s economy is heavily reliant on oil exports. 

The expansion of the money supply at a far quicker rate than economic development feeds inflation and distorts the national currency’s true value. 

The CBI sought to stabilize the currency by setting an official exchange rate of 1,300 Iraqi dinars per US dollar for the government budget, but parallel market values remain much higher.

https://www.iraqinews.com/iraq/iraqs-central-bank-prints-trillions-of-dinars-to-cover-state-expenditures/

What's Happening In Iraq Wouldn't Happen In A Banana Republic... Al-Hashemi On The Contradiction In Official Statements

2026-06-07 | Baghdad – 964   Economic expert Ziad Al-Hashemi said that the chaos of official statements in Iraq confuses the scene and mixes things up. He referred to the intervention of the Central Bank Governor Ali Al-Alaq in the work of the government and his statement that salaries are secured, then the government’s intervention with the powers of the Central Bank when Foreign Minister Fuad Hussein revealed the printing of dinars to save salaries.

Al-Hashemi describes the contradiction in official statements with the phrase: “What is happening in Iraq, unfortunately, does not even happen in a banana republic.”

Foreign Minister Fuad Hussein revealed the printing of 25 trillion dinars in a statement yesterday, Saturday (June 6, 2026), in which he warned of a major financial crisis that would hit the country if the Strait of Hormuz remained closed.

About two weeks earlier, on May 21, 2026, the Central Bank Governor had confirmed that salaries were secured and that the government would cover the deficit through internal and external borrowing.

Al-Hashemi stated in a Facebook post, which was monitored by 964 Network , that “the chaos of statements in Iraq confuses the scene, mixes things up, and increases the state of uncertainty in a country suffering from an unprecedented exceptional financial situation.”

He continues: “After the Governor of the Central Bank of Iraq intervened weeks ago in the work of the government and made statements about salaries and the government budget deficit, today the new government came and intervened in the duties of the Central Bank and spoke about printing and injecting the dinar, the value of the dinar and controlling inflation.”

He adds: “This chaos of statements between the Central Bank and the government confirms that each authority does not adhere to its limits and does not respect the scope of work and responsibilities of the other authority. This does not even happen in banana republics, but unfortunately it happens in Iraq.”

He explains that “these transgressions in statements also indicate that the Iraqi authorities are facing an unprecedented and significant shock, which has made senior officials not know what to say and get involved in contradictory and undisciplined statements outside their jurisdiction.”

He points out that: “The Central Bank Governor says that salaries are secured by the government, the Foreign Minister confirms that the government is in a financial predicament in which it depends on the Central Bank printing dinars, and the government’s financial advisor talks about controlling inflation and improving the value of the dinar, even though injecting printed dinars will lead to a deterioration in the value of the dinar and raise inflation.”

He concludes his post by saying, “This is how the series of contradictory statements continues without the authorities presenting a unified and clear message to the public, which increases the level of concern that these authorities are unable to deal professionally with this unprecedented crisis, and raises the level of confusion in understanding the reality of the difficult situation that Iraq is going through.”     https://964media.com/687616/

Clarification Statement Issued By The Central Bank Of Iraq

In light of what is being discussed regarding the printing of currency and financing public expenditures, the Central Bank of Iraq would like to clarify the following:  

First, there is a fundamental and important difference between "discounting treasury bills" and "printing money," both technically and economically. Discounting bills provides temporary liquidity against an existing government debt instrument, which is repaid upon maturity.

This is an internationally recognized financial mechanism practiced by major central banks, with strict adherence to maturity dates. 

"Printing money," on the other hand, is the issuance of new money without backing, injected directly into the economy. This leads to direct inflation and erosion of the currency's value. Furthermore, it is not repaid and represents a permanent monetary burden. This practice is strictly prohibited under the Central Bank of Iraq Law No. (56) of 2004.

Therefore, the simplistic description of the current operations as "printing money" does not reflect their true technical and financial nature.  

Second: The Central Bank of Iraq affirms that its primary role is to manage monetary policy, maintain monetary and price stability, and ensure the soundness of the financial system, not to serve as a permanent channel for financing public expenditures.

The use of certain monetary and financial tools in exceptional circumstances is carried out in a controlled manner and in accordance with the requirements of the national economy, with utmost care taken to prevent financial pressures from escalating into permanent monetary expansion or inflationary pressures that would negatively impact citizens' purchasing power.  

Third: The Central Bank of Iraq emphasizes that the management of cash is carried out in accordance with precise and strict controls within the framework of the law, and that any operations it undertakes are continuously evaluated for their effects to ensure that they do not negatively impact the objectives of the monetary policy set.  

Fourth: Current circumstances highlight the importance of adopting long-term fiscal policies aimed at building sufficient financial buffers and safety margins to cope with economic shocks and volatile oil cycles, through diversifying the economy and sources of revenue, and managing public debt with high efficiency to reduce the impact of future crises and maintain overall economic stability.

In response to the economic news being reported by the media, the Central Bank affirms that it is proceeding with its strategy to support the Iraqi dinar and maintain monetary and economic stability.

Therefore, taking parts of the bank's routine procedures in this area and portraying them as dangerous measures is inaccurate.   We call for accuracy when addressing these topics, especially those related to the local currency, its management and issuance mechanisms, and maintaining its value.

In this context, we emphasize that the Central Bank has daily procedures regarding currency management, and these procedures are largely consistent with the bank's ultimate goal of maintaining financial and economic stability.

 Media Office - Baghdad,    June 7, 2026    https://cbi.iq/news/view/3217

Al-Mashhadani: No New Currency Will Be Printed, And Liquidity Is Linked To Dollar Imports.

Time: 2026/06/07 19:23:14   {Economic: Al-Furat News} Economic expert Abdul Rahman Al-Mashhadani said that there is no printing of new currency, explaining that the Central Bank finances the government’s need for dinars within a financial mechanism that depends on the availability of dollars in the treasury.

Al-Mashhadani explained in a statement to Al-Furat News Agency that: “There is a three-way cycle that manages the movement of liquidity in the country, based on the government selling oil in dollars and transferring it to the Central Bank to finance the salaries of employees in Iraqi dinars, while the Central Bank works to sell dollars to traders to cover imports, which leads to the withdrawal of dinars from the market through commercial transactions, while citizens buy goods in dinars within the local market.”

He pointed out that "this cycle is disrupted when dollar flows resulting from oil exports decline or are interrupted, which prompts the central bank to compensate for the liquidity in dinars in exchange for treasury bonds, remittances, and government bonds," stressing that "this does not mean printing a new currency, but rather injecting liquidity within approved financial instruments."

Al-Mashhadani concluded by saying that "liquidity is still available at the Central Bank, and the monetary process is continuing," while warning of "a dangerous indicator represented by the decline in dollar imports, which may affect market stability if it continues."

Foreign Minister Fuad Hussein stated that the government was forced to print 25 trillion dinars to address the current financial crisis and cover employee salaries, warning of a financial catastrophe if the crisis continues.

The Central Bank of Iraq responded today, Sunday, in a statement clarifying the issue of currency printing, stressing that printing currency is prohibited by law and does not reflect the nature of ongoing operations.

The Central Bank confirmed in a statement that there is no new currency printing process, explaining that what is happening is related to discounting treasury bills as a government debt instrument that provides temporary liquidity that is recovered upon maturity, and it is an internationally recognized financial mechanism that central banks apply within their approved frameworks.   To view the Central Bank's statement, click here.

https://alforatnews.iq/news/المشهداني-لا-طباعة-لعملة-جديدة-والسيولة-مرتبطة-بواردات-الدولار

Here’s Where U.S. Debt May Become Unsustainable With Interest Payments Triggering A Default Crisis That Even Steep Tax Hikes Can’t Fix

Here’s Where U.S. Debt May Become Unsustainable With Interest Payments Triggering A Default Crisis That Even Steep Tax Hikes Can’t Fix

Jason Ma  Sat, June 6, 2026    Soaring U.S. debt and projections that put it at astronomical levels in the coming years have set off increasing panic, though the precise level that sparks a crisis is unknown.   But the Penn Wharton Budget Model may have an answer: more than 210% of GDP.

Above that “outer bound” threshold, there’s no feasible tax on labor income that can finance interest payments on U.S. debt at returns acceptable to investors, PWBM warned in a report Thursday.

According to PWBM, the outer bound of federal debt is the solvency limit, beyond which defaulting on either Treasury debt or pay-as-you-go transfers like Social Security becomes a near certainty on an inflation-adjusted basis.

The debt-to-GDP ratio is about 100% today, and forecasts from the Congressional Budget Office see it hitting 175% by 2056—suggesting 210% is decades away on its current trajectory.

But depending on how much healthcare costs rise and boost Medicare spending, that threshold could come much sooner.

The U.S. has 25 more years in a lower-growth scenario, 22 years with medium growth, and 19 years with higher growth, PWBM estimated. But even that may downplay the risk.

“Under the historical growth rate of healthcare costs, there is a 25% chance of hitting the debt maximum in 14 years,” it added.

Fixing federal finances before it’s too late would require a permanent tax hike of about 15 percentage points on all labor income, the report said, meaning there would no longer be caps that exempt income above a certain level.

Other factors could also affect these calculations, such as higher interest rates, a smaller tax base, and labor-supply responses. Rising debt would inflict economic costs, like weaker wages, slower GDP growth, and less consumption.

Capital also becomes scarcer as debt sucks up money that would otherwise go to more productive investments. Meanwhile, sustained tariffs that reduce the inflow of international capital could shorten U.S. leeway by two to four years, PWBM said.

Two big assumptions are baked into the forecast as well. One is that capital market values are efficiently priced and not in bubble territory. But if they aren’t and there’s a sudden market crash, it would increase the overall debt-to-capital ratio, causing debt holders to demand higher yields that add further to debt interest costs.

https://finance.yahoo.com/economy/policy/articles/may-maximum-level-u-debt-174555851.html

READ MORE HERE:  https://budgetmodel.wharton.upenn.edu/p/2026-06-02-when-does-federal-debt-reach-unsustainable-levels/

Some “Iraq News” Posted by Tishwash at TNT 6-8-2026

TNT:

Tishwash: Al-Zaidi: Iraq's doors are open to Japanese companies to invest in various sectors.

Prime Minister Ali al-Zaidi confirmed on Sunday to the Japanese Ambassador to Iraq, Akira Endo, that Iraq's doors are open to Japanese companies to invest in various sectors.

The Prime Minister’s Media Office stated in a statement received by “Al-Eqtisad News” that “Prime Minister Ali Faleh Al-Zaidi received the Japanese Ambassador to Iraq, Akira Endo, who congratulated the Prime Minister on the government gaining the confidence of the House of Representatives, and conveyed the greetings of the Japanese Prime Minister, Sanae Takaichi.”

The Prime Minister affirmed that "Iraq's doors are open to Japanese companies to invest in various sectors, especially in major strategic projects, infrastructure, and economic sectors," stressing that "the government will provide investors with all facilities."

For his part, the Japanese ambassador expressed his gratitude to the Prime Minister, stressing his country's keenness to develop and strengthen bilateral relations, in a way that contributes to achieving the common interests of the two friendly peoples.  link

Tishwash:  Iraq and South Korea are to activate the development route as it represents a promising investment opportunity.

Transport Minister Wahab Al-Hassani called on South Korea on Sunday to join the development road project and participate in implementing its phases through its specialized companies, stressing that the project represents a promising investment opportunity and is witnessing significant progress in completion rates.

The ministry said in a statement that “Minister of Transport Wahab Al-Hassani received the South Korean Ambassador to Baghdad, Lee Joon-il, accompanied by his deputy, Choi Dae-wan, and they discussed prospects for joint cooperation between the two countries in the transport sector and strategic projects.”

Al-Hassani stressed the importance of implementing projects and exchanging experiences, noting that Iraq looks forward to strengthening cooperation with various countries around the world, calling on the Korean government to join the Development Road project alongside Turkey, Qatar and the UAE, and to select companies willing to participate in implementing the strategic project when its investment opportunities are presented.

He explained that the development road project extends 1,200 kilometers from Basra to the Turkish border, and that the designs for its land and rail road have been completed at an advanced stage, while the submerged tunnel is about to be opened, with only 4% of its completion remaining. He indicated that the project will contribute to shortening the time to reach the five berths in the Grand Faw Port.

He noted that the government has allocated funds to address the obstacles facing the project, and extended an official invitation to the Korean ambassador to attend the opening ceremony of the submerged tunnel. lin

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

Tishwash:  Al-Azm: No date yet for the session to complete the Al-Zidi government

Haider al-Asadi, a member of the Azm Alliance, confirmed on Sunday that no date has yet been set for a parliamentary session to finalize Prime Minister Ali al-Zaidi's cabinet. He called on political forces to overcome their differences and expedite the resolution of outstanding issues.

Al-Asadi told Al-Maalomah News Agency, "The Parliament has not yet set a date for a special session to complete the formation of Prime Minister Ali al-Zaidi's government and fill the remaining ministerial positions."

He added, "The current stage requires all political forces to prioritize the national interest and overcome political differences in order to complete the cabinet and enable the government to fully perform its duties."

He pointed out that "the country faces economic and service-related challenges that necessitate expediting the completion of the government formation and unifying efforts to address the current crises."

He emphasized that "the continuation of political disputes and the delay in filling the vacant ministerial positions does not serve political stability, nor does it help the government implement its programs and address important economic issues."  link

Tishwash:  Al-Zaydi is personally negotiating with the factions for disarmament... Fuad Hussein calls for revealing the plan and gaining the world's trust.

Foreign Minister Fuad Hussein called for the disclosure of a plan to restrict weapons to the state, in order to gain trust both within Iraq and from relevant regional parties. In an interview with journalist Hisham Ali, which was broadcast on 964 Network , Hussein revealed that Prime Minister Ali al-Zubaidi is personally leading the negotiations with the factions regarding the issue of restricting weapons to the state. He confirmed that the Prime Minister's first foreign trip will be to the United States, adding, "We hope this visit will take place at the beginning of next month."

Hussein explained that the biggest problem facing Iraq at the moment is the financial and economic file, noting that “the continued closure of the Strait of Hormuz will put Iraq in great difficulty in paying the salaries of employees during the next month.”

Hussein said, “The factions now have political parties, wings, and members in parliament. Some have participated in the government, and others want to participate. So the question here is: if you are part of the government or want to participate in the government, how can you carry weapons outside the scope of the state?”

He revealed that “Prime Minister Ali al-Zaidi is personally leading the negotiation process with the factions regarding the issue of restricting weapons to the state.”

The Sayyid al-Shuhada Brigades and the Hezbollah Brigades announced their rejection of calls to restrict weapons. The security official of the Hezbollah Brigades, Abu Mujahid al-Assaf, announced in a statement (May 30, 2026) the readiness of the brigades to receive the weapons of the factions that have abandoned armed action and to pay for them, saying: “We are ready to receive some special weapons for which there are no specialists in the state apparatus, such as drones, suicide aircraft, cruise missiles and anti-tank missiles, and we are also ready to pay for them.”

On Wednesday (June 3, 2026), the Al-Nujaba Movement issued a short statement in which it announced its refusal to disarm, and said that its position is clear as stated in a previous post by “Secretary of the Islamic Resistance, Akram Al-Kaabi.”

Hussein explained that “Mr. Muqtada al-Sadr’s announcement of integrating the Peace Brigades into the security forces helped the government, and this was followed by other factions announcing the surrender of their weapons.”

On Wednesday (May 27, 2026), the leader of the Shiite National Movement, Muqtada al-Sadr, announced the separation of the Peace Brigades from the movement and their integration into the state, in a move he described as aiming to end the partisan affiliations of armed formations and to strengthen the principle of restricting weapons to the state.

The Coordination Framework announced its support for the project to restrict weapons to the state and to sever the Popular Mobilization Forces from all political, partisan and social frameworks, in order to ensure continued cooperation between the Iraqi government and the international community and to complete the implementation of ending the mission of the international coalition in Iraq.

Hussein added that “the biggest challenge we are currently facing is the financial and economic situation, and because of the ongoing war in the region, the matter has become very complicated. This war has had three victims: first, humanity; second, the Iraqi economy; and third, foreign relations.”

Hussein said he hopes that “the government will have a plan for how to hand over the weapons, when, what type of weapons should be handed over, and to whom they should be handed over. This plan must be revealed so that the world can trust us.” He added that “the current US administration sees Iraq as part of the broader Iranian sphere of influence, and this is a mistaken view that must be addressed in discussions with the US side.”

Hussein revealed that “Al-Zaidi’s first trip outside Iraq will be to the United States, which was directed by US President Donald Trump, and we hope that this visit will be at the beginning of next month.”

On another note, Hussein said, “What happened in the parliament session, with the failure of the Kurdistan Democratic Party’s candidate for the Ministry of Construction and Housing to pass by the other political forces, is not good. You cannot deal with the Dawa Party, with its history, present, and leaders, in this way. The same applies to the Democratic Party. I say to them: This game is not going to work, and all its strings are in our hands.”

Hussein pointed out that “the continued closure of the Strait of Hormuz will put Iraq in great difficulty in paying employee salaries next month,” noting that “the financial capacity was 100 trillion dinars, and now it has become 125 trillion dinars, as we resorted to printing 25 trillion dinars to confront the financial crisis in the country.”

He added, “We cannot solve our problems by printing money, because this raises the inflation rate, which has already risen,” explaining that “if the war continues until the end of the year, this will be a disaster for us, because there are no revenues.”

The Central Bank of Iraq denied on Sunday (June 7, 2026) the validity of what is being circulated regarding its resorting to printing currency to finance public expenditures, stressing that the financial procedures currently followed are fundamentally different from issuing new money, and fall within internationally approved financial and monetary tools and do not constitute permanent monetary expansion.

Hussein stressed that Iraq needs to open up to the Gulf and Western countries, so that we can find a way to obtain “aid.”  link

News, Rumors and Opinions Monday 6-8-2026

KTFA:

Clare:  Al-Araby Al-Jadeed: Al-Zaydi wants to finalize the appointment of the Ministers of Interior and Defense before going to the United States

6/7/2026

Political and parliamentary sources reported that Parliament postponed the session to complete the vote on the government until a political consensus is reached on the remaining ministries, amid ongoing discussions about the possibility of voting on a number of them, and it is not necessary for all of them to be passed.

The sources, speaking to Al-Araby Al-Jadeed newspaper, pointed out that Al-Zaidi wants to complete his ministry before heading to Washington on a visit that is being planned in advance. The presence of the Ministers of Defense and Interior is essential for this visit, in which security files will be on the agenda. This comes at a time when Iraq is facing security and political challenges, which raises questions about the repercussions of the absence of senior executive leaders in the security and military institutions on the government’s ability to manage sensitive files.  LINK

Tishwash:  Iraq is discussing with the World Bank the provision of technical support for preparing the upcoming budget.

6/7/2026

Finance Minister Faleh Sari met on Sunday with a World Bank delegation headed by Regional Director Jean-Christophe Carré and the Special Representative of the mission in Iraq, Emmanuel Salinas, to discuss prospects for technical and institutional cooperation and support for the country’s financial and economic reform priorities.

A statement issued by the Iraqi Ministry of Finance indicated that the meeting discussed mechanisms for cooperation with the World Bank in providing technical and advisory support for the preparation of the next general budget, in order to enhance the efficiency of financial planning, take into account spending priorities, and support financial sustainability, in light of current economic changes.

The statement quoted the minister as saying that the Ministry of Finance is proceeding with the implementation of financial reforms based on developing financial management, enhancing non-oil revenues, and modernizing banking, tax and customs systems, in line with the priorities of the government program.

Sari pointed to the importance of benefiting from international expertise and technical support provided by the World Bank, particularly in the areas of institutional capacity building, financial policy development, support for development projects and investment promotion.

For its part, the World Bank delegation renewed its support for the Iraqi government in implementing financial and economic reform programs, and providing the necessary technical advice, in order to contribute to strengthening financial stability and supporting the Sustainable Development Goals.  LINK

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

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

Thom Iraq has a new government. It's functional but incomplete, and the hardest decisions are still  unresolved...What's still unresolved: Nine ministries remain unfilled  including  Defense, Interior, Planning, Culture, Higher Education, Labor, Migration, Housing, and Youth.  Defense and Interior are the two that matter most because they control the security apparatus and are directly tied to the weapons disarmament push. Washington refused to resume transfer of certain dollar assets to Iraq while pressuring Baghdad not to seat affiliates of Iran-backed militia groups in cabinet posts...Who fills Defense and Interior will signal more about this government's actual direction than any written policy commitment. 

Sandy Ingram  We know the World Bank is providing $900 million to Iraq at a time when the world is in a little bit of trouble with the oil because they can't get it through the Strait of Hormuz.  All of a sudden the World Bank is providing the necessary finances to help Iraq provide alternatives to a massive global problem...When the World Bank moves with a $900 million check, things happen...When "the powers that be" get around the table and they decide something should happen because it is in the best interest of global economy shit happens...This $900 million is so crucial, not only to Iraq, but for the world...

Jeff  Everything needed/required to happen is happening right in front of our face.  Preparing to revalue. Every freaking step.  You can't mention one thing that's not happening, not being discussed or mentioned.  Every possible freaking thing that's needed to be covered, done and performed is happening right now in our face to prepare towards the  revaluation...

'These Are ENDING Moves' - GOLD to $10k, Stocks to CRASH 30%+: Edward Dowd

Commodity Culture:  6-8-2026

Edward Dowd believes that AI companies priced on a hope and a dream are holding up the broad market and when reality finally hits, he expects stocks to crash 30% or more, with the silver lining being a $10,000 price on gold.

00:00 Introduction

00:33 Gold Will Go To $10,000

03:06 Iran War Impact on Gold and Silver

06:52 How High Can Oil Go?

09:58 AI Risk in Broad Market

14:57 Opportunity in Bubble Bursting?

16:59 Real Economy in Tatters

18:43 Sovereign Debt Crisis Ahead?

20:56 China is in Trouble

25:28 China and Dedollarization

27:55 What is Peter Thiel's Endgame?

29:35 Is There Any Value in Markets Today?

https://www.youtube.com/watch?v=fy_xbiXrW3s

Iraq Economic News and Points To Ponder Monday Morning 6-8-26

Government advisor: The 2027 Budget Will Enhance Fiscal Sustainability and Support Economic Reform.

Money and Business    Economy News – Baghdad   The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Monday that the 2027 budget will enhance financial sustainability and support economic reform, noting that government spending continues in accordance with the Financial Management Law despite the delay in approving the budget.

Saleh said that “Iraqi financial policy is still being managed in accordance with the provisions of the amended Federal Financial Management Law No. (6) of 2019, particularly Article (13) thereof, which regulates the mechanisms of public spending in the event of a delay in the approval of the Federal General Budget Law,” noting that “the aforementioned article allowed the continuation of the work of state institutions by granting the Minister of Finance the authority to authorize ministries and entities not affiliated with a ministry to spend at a rate of (1/12) monthly of the total actual current expenditures for the previous fiscal year after excluding non-recurring expenditures, until the approval of the Federal General Budget.”

He added that “this mechanism contributed to ensuring the financing of the state’s basic obligations, foremost among them salaries, wages, pensions, social protection and welfare benefits, as well as the operational expenses necessary to continue providing public services,” explaining that “the same article allowed for the continuation of financing ongoing investment projects based on actual completion rates or completed equipment, provided that cash liquidity and expected allocations are available within the subsequent budget project.”

Saleh explained that “Iraqi public finances faced exceptional challenges during 2026 as a result of geopolitical and regional developments and the accompanying disruptions in global energy markets, supply chains and international trade, which directly affected oil revenues, which represent the main source of public revenues,” stressing that “these changes imposed increasing pressure on the government’s financial position and its ability to finance operational and investment spending, which prompted the government and the Ministry of Finance to move towards preparing the draft federal general budget for 2027 according to a reformist perspective aimed at maintaining financial sustainability and macroeconomic stability.”

He pointed out that "the anticipated budget will focus on enhancing the efficiency of public resource management and rationalizing operational spending, protecting social spending related to the most vulnerable groups, as well as giving priority to investment projects with high economic and developmental feasibility," noting that "among the budget's priorities is also diversifying sources of public revenues and reducing relative dependence on oil revenues, supporting financial and administrative reform programs and government digitalization, in addition to enhancing the national economy's ability to cope with external shocks and achieve financial stability in the medium and long term."

Saleh affirmed that "these trends are consistent with the objectives of the state's financial strategy and public financial management development programs, as well as the pillars of Iraq's 2035 vision, which aims to build a diversified and sustainable economy capable of achieving comprehensive growth and development and enhancing the resilience of public finances in the face of regional and international changes." https://www.economy-news.net/content.php?id=69992

The Dollar Is Near A Two-Month High As Expectations Of A US Interest Rate Hike Grow.

Money and Business    Economy News - Follow-up   The US dollar held near a two-month high on Monday after a strong US jobs report boosted investors' bets on Fed action.

The US Federal Reserve is expected to raise interest rates this year, while the yen has fallen further into territory that warrants intervention.

Currency movements were largely limited compared to the broader market, as a sharp sell-off hit technology stocks in Asia, and the dollar held onto the strong gains it made following a report showing a better-than-expected increase in non-farm payrolls of 172,000 jobs last month.

The euro fell against the dollar to its lowest level in two months, reaching $1.1507, while the British pound hit a three-week low of $1.33165, according to Reuters.

The Australian dollar and the New Zealand dollar similarly fell to their lowest levels in two months at $0.7016 and $0.5779 respectively.

Jonas Gaultermann, senior market analyst at Capital Economics, said: "The US jobs report paints a picture of an improving US labor market despite the current energy price shock."

US Interest Rate

He added: "This situation makes a tightening of monetary policy by the US Federal Reserve later this year increasingly likely, and we now expect the Federal Open Market Committee to raise interest rates twice by 25 basis points later this year, in response to the energy supply shock and the US labor market's return to acceleration."

Israel said it bombed military targets in western and central Iran on Monday, even after reports that U.S. President Donald Trump had asked Israeli Prime Minister Benjamin Netanyahu to refrain from launching further attacks.

According to the CME Group's FedWatch tool, markets now expect a greater than 70% probability that the Federal Reserve will raise interest rates in December, a sharp increase from a 45% probability a week ago.

Japanese Yen

The rise in the dollar in turn led to a further decline in the yen to 160.33 per dollar, erasing the gains it had made following Tokyo's intervention by injecting 11.7 trillion yen ($73.01 billion) just over a month ago, when it fell to its lowest level since July 2024 at 160.725 per dollar.

Sources told Reuters that the Bank of Japan is expected to raise interest rates this month unless there is a sharp escalation in the Middle East conflict that destabilizes markets, as rising fuel prices resulting from the energy crisis exacerbate price pressures on the economy.

As for cryptocurrencies, Bitcoin rose by more than 1% to $62,610, recovering after falling to its lowest level since October 2024 last week, and the price of Ether also increased by more than 1% to $1,652.23, after falling to its lowest level in 14 months last week. https://www.economy-news.net/content.php?id=69988

Fitch Maintains Its Forecast For The Average Price Of Brent Crude At $87 Per Barrel

Energy     Economy News - Follow-up       Fitch Ratings predicted that the global oil market would experience a significant supply surplus during the fourth quarter of this year, despite the sharp price increases caused by the closure of the Strait of Hormuz.

The agency stated that the current price shock reflects a temporary logistical disruption in supplies, not a permanent loss of production capacity, and predicted that the strait would reopen by the end of next July after an effective closure that lasted 5 months.

Fitch maintained its forecast for the average price of Brent crude at $87 per barrel in 2026, but expects a sharp decline in prices after shipping resumes and supplies return to the markets.

The agency expects global oil supply to fall by an average of 2.9 million barrels per day this year compared to 2025, but the market could quickly turn into a surplus after the Strait is reopened.

The war between Israel and Iran has resumed, representing a dangerous escalation that puts the declared ceasefire in the region to a difficult test and threatens to undermine hopes of reaching an agreement to end the war in the Middle East and resume the flow of crude oil through the Strait of Hormuz.

The war has largely stopped since the United States and Israel halted their attacks on Iran in early April, but Tehran continues to block most shipping traffic through the Strait of Hormuz.

Amid the resulting supply crisis, the OPEC+ group agreed on Sunday to increase its oil production for the fourth time in four months. https://www.economy-news.net/content.php?id=69994

Dollar Prices Rise Against The Dinar In Baghdad

Stock Exchange     Economy News – Baghdad    The exchange rate of the US dollar against the Iraqi dinar rose on Monday morning in Baghdad markets.

The dollar exchange rate rose in the Al-Kifah and Al-Harithiya exchanges in Baghdad to reach 154,750 dinars per 100 dollars, while yesterday, Sunday, the rate was 154,000 dinars per 100 dollars.

Selling prices in exchange shops in the local markets of Baghdad have increased, with the selling price reaching 155,250 dinars for 100 dollars, while the buying price reached 154,250 dinars for 100 dollars. https://www.economy-news.net/content.php?id=69993

The Economic Challenges Facing The New Government From The Perspective Of Economic Fragility (An Analytical Study)

Economy News — Baghdad   Samir Al-Nassiri   Overcoming economic and financial challenges and transitioning to sustainable reform is a priority in the new government's ministerial program.

A roadmap for reform and recovery has been drawn up according to the points in the third axis of the program, which forms the cornerstone for building effective economic stability and sustainable development, in accordance with Iraq's economic vision as outlined in the National Development Plan for the years (2024-2028) and Iraq Vision 2030, and the government's stated plans extending to 2035.

Iraq is currently passing through a critical, important, and sensitive phase due to the political, security, and economic conditions resulting from the ongoing war in Iraq's geographical region, the global energy crisis, and the global economic recession.

Furthermore, the economic reality, according to official data and preliminary results of the general population census, indicates that Iraq's population has reached 46 million. Unemployment and poverty rates remain high overall, and the debt-to-GDP ratio and budget deficit are rising.

This is further confirmed by the World Bank, the International Monetary Fund, and Iraqi experts, as well as the weakening of our credit rating from a stable outlook to a negative one, according to the latest assessment by Moody's. This necessitates significant solutions and efforts to achieve economic stability and national security.

To implement the outlined plans, we believe that building the foundations of a comprehensive national security strategy, with a focus on the economic aspect, must result in achieving security, stability, economic development, and financial sustainability.

This will contribute to the well-being of society and must be effective and feasible in the current circumstances facing Iraq.

The magnitude of the economic challenges, both internal and external, and the continued volatility of global oil prices, require the concerted efforts of all governmental, political, and popular entities, as well as the private sector, to protect Iraq, maintain fiscal discipline, and sustainably build a strong, diversified, and sustainable economy based on realistic data.

The fundamental economic principles of the national security strategy, within theeconomic axis, should be as follows:

1- Building a sound, diversified national economy.

2-  Ensuring the private sector plays a pivotal role in leading the market.
3- Providing food, medicine, and environmental security for citizens.

This requires identifying the economic challenges inherited by the new government from previous administrations and transitioning from fragility to recovery and achieving economic stability, which is the foundation for security and social stability in Iraq.

The Macroeconomy Faces The Following Economic Challenges:

First - A mono-economy, relying on the general budget for 90% of its revenues, 
a deficit in non-oil revenue, and weak activation of productive economic sectors such as agriculture and industry.

Second - Deficits in the balance of payments and the trade balance. 

Third - Chronic deficits in public budgets, problems in financing these deficits, and reliance on domestic and foreign borrowing to cover them.

Fourth - Weak and unclear fiscal, trade, agricultural, industrial, and energy policies, and a
failure to activate the real economy, diversify national income sources, and achieve financial sustainability. 

 Fifth - Weak foreign and domestic investment and the emigration of Iraqi capital abroad.

 Sixth – Weak coordination between fiscal and monetary policy, and reliance on borrowing from the central bank and local banks to finance the budget deficit, which puts the national economy at risk. 

Seventh – Weaknesses in the banking system regarding the products it offers to the public, a lack of public trust, slow digital transformation, non-performing loans, and weak international banking relations due to shortcomings in compliance with international standards.

Therefore, We Propose The Following:

First – Radical and comprehensive economic, financial, and banking reform through restructuring the Iraqi economy in terms of the methodology and philosophy that governs it institutionally and legislatively, and continuing and supporting the reform plan undertaken by the Central Bank in cooperation with supporting international companies.

Second – Establishing the foundations and pillars of a social market economy and involving the genuine private sector in economic decision-making institutionally and legislatively, in accordance with Articles 25 and 26 of the Constitution.

Third – Reviewing the legislative framework of the laws issued in 2004 and still in force that regulate economic management, as well as some other laws issued before 2003. https://www.economy-news.net/content.php?id=69952

Seeds of Wisdom RV and Economics Updates Monday Morning 6-8-26

Good Morning Dinar Recaps,

Iran-Israel Ceasefire Teeters as Missile Strikes Threaten Return to Regional War

The most serious exchange of direct attacks since April's ceasefire is raising fears of renewed conflict, energy disruptions, and deeper instability across the Middle East.

Overview

A fragile ceasefire between Israel and Iran is facing its greatest challenge since taking effect in April after both sides exchanged missile and air strikes over the weekend. The renewed violence has raised concerns that months of diplomatic efforts could unravel, potentially reigniting a broader regional conflict with significant economic consequences.

The latest escalation comes as negotiations aimed at extending the ceasefire and reopening critical trade routes, including the Strait of Hormuz, remain ongoing. Global markets are closely watching developments as oil prices react to the growing uncertainty.

Key Developments

1. Iran Launches First Missile Barrage Since April Ceasefire

Iran fired multiple missiles toward Israeli territory, marking the first direct Iranian missile attack since the ceasefire was established in April.

Iranian officials stated the strikes were a response to Israeli military actions in Lebanon, particularly operations targeting Hezbollah positions near Beirut.

2. Israel Responds with Airstrikes Inside Iran

Israel launched retaliatory strikes against military targets in western and central Iran shortly after the missile attacks.

Reports indicate that missile launch sites, military infrastructure, and defense-related facilities were among the targets. Explosions were reported near several Iranian cities.

3. Peace Negotiations Face New Uncertainty

The exchange of fire occurred as U.S.-Iran discussions were reportedly progressing toward a broader agreement aimed at extending the ceasefire and reducing regional tensions.

President Donald Trump stated that both sides were still pursuing a peace arrangement, though the latest attacks have complicated diplomatic efforts.

4. Oil Markets React to Escalation

Energy markets responded immediately to the renewed conflict.

Concerns over the security of the Strait of Hormuz, one of the world's most important energy chokepoints, contributed to higher oil prices as traders assessed potential supply risks.

5. Regional Security Risks Continue to Grow

The conflict is no longer limited to Israel and Iran alone.

Tensions involving Hezbollah in Lebanon, Houthi forces in Yemen, and broader Gulf security concerns continue to increase the risk of a wider regional confrontation that could impact trade routes, energy flows, and global markets.

Why It Matters

The ceasefire had provided a degree of stability after months of conflict that disrupted energy markets and heightened geopolitical risk. Renewed military exchanges now threaten to reverse that progress.

Even limited strikes can significantly impact investor confidence, shipping routes, energy prices, and broader diplomatic efforts throughout the region.

Why It Matters to Foreign Currency Holders

• Rising geopolitical tensions often increase volatility in currency and commodity markets.

• Oil price spikes can fuel inflation and place pressure on national economies.

• Disruptions in global trade routes may affect international financial flows.

• Continued instability could accelerate efforts by nations seeking alternatives to traditional financial systems.

Implications for the Global Reset

• Pillar 1: Energy Security Remains Central to Global Finance

The Strait of Hormuz continues to demonstrate how regional conflicts can rapidly affect global energy markets and economic stability.

• Pillar 2: Geopolitical Realignment Accelerates

Extended instability may encourage nations to diversify trade partnerships, payment systems, and strategic alliances as they seek greater economic resilience.

Closing Insight

The latest exchange between Israel and Iran highlights how fragile regional peace efforts remain. While diplomatic channels are still open, the renewed military actions underscore the challenges of transforming temporary ceasefires into lasting agreements.

This is not merely a regional conflict—it is a reminder that energy security, geopolitical stability, and global financial confidence remain deeply interconnected.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Trump Says Israel and Iran Looking to Do an Immediate Ceasefire"

• Axios — "Israel Strikes Iran Military Targets After Iranian Missile Attack"

~~~~~~~~~~

🌱 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

Gold Becomes Largest Central Bank Reserve on Earth, International Monetary System Built

Gold Becomes Largest Central Bank Reserve on Earth, International Monetary System Built

And We Know:  6-6-2026

The global economic environment is currently undergoing a significant transformation, marked by shifting geopolitical dynamics and evolving monetary policies.

A recent analysis from And We Know Official delves into these complexities, offering a detailed look at how artificial intelligence, stock market trends, and a renewed focus on precious metals are shaping the future of global finance.

For investors and observers alike, understanding these interconnected threads is essential for navigating the current landscape.

A primary concern highlighted in the discussion is the current state of the stock market, which bears a striking resemblance to the tech-heavy climate of the late 1990s. The market’s current momentum is largely driven by a narrow segment of companies involved in artificial intelligence.

While innovation is a powerful engine for growth, this hyper-concentration creates vulnerability. With high interest rates and wage stagnation, the broader economy faces risks that could lead to volatility, especially if the AI sector experiences a correction. The integration of AI into the workforce also signals a fundamental change in how labor and production function, adding another layer of uncertainty to traditional economic models.

As the international monetary system navigates challenges, there has been a notable pivot among central banks toward physical gold.

For years, the global banking system relied heavily on sovereign debt and fiat currencies as collateral. However, as concerns regarding inflation and currency devaluation persist, gold has reclaimed its status as a foundational asset.

By increasing their reserves, central banks are signaling a preference for “real money”—tangible assets that provide stability in ways that paper currency cannot. This transition reflects a broader structural adjustment aimed at mitigating the risks associated with modern fiat systems.

The landscape is further complicated by the rise of digital assets and stablecoins. With upcoming regulatory frameworks like the Clarity Act on the horizon, the intersection of blockchain technology and traditional banking is under intense scrutiny.

Concerns have been raised regarding the systemic risks posed by digital assets that lack the robust protections of traditional financial institutions. As noted by industry leaders, the integration of these technologies into the broader economy brings potential for disruption and liquidity concerns, highlighting the fragility of currently established financial infrastructures.

Amidst these global transformations, the discussion emphasizes the importance of risk management and long-term security. With systemic uncertainty on the rise, precious metals like gold and silver are presented as a strategic buffer.

 Unlike many other assets, these physical commodities carry zero counterparty risk, making them a consistent choice for those looking to preserve value during periods of turbulence. By observing the deliberate actions of central banks and prioritizing tangible assets, individuals can better position themselves against the potential shocks of a changing world.

To gain a deeper understanding of these concepts and to hear the full expert analysis, we encourage you to watch the complete video from And We Know Official. Staying informed is the first step toward making sound decisions in an ever-evolving financial climate.

https://www.youtube.com/watch?v=rJR393ELoVE

https://dinarchronicles.com/2026/06/07/and-we-know-official-6-6-26-gold-becomes-largest-central-bank-reserve-on-earth-international-monetary-system-built/