News, Rumors and Opinions Monday 6-22-2026

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 Mon. 22 June 2026

Compiled Mon. 22 June 2026 12:01 am EST by Judy Byington

Guru Information and Intel:

Sun. 21 June 2026 BREAKING NEWS: THE CLARITY ACT MOMENTUM IS UNSTOPPABLE! …Juan O Savin on Telegram

The Senate has officially CONFIRMED a high-stakes meeting NEXT WEEK to finalize the Digital Asset Market Clarity Act!

As digital assets continue moving into the mainstream, discussions surrounding the future of finance are accelerating at an unprecedented pace.

Many observers believe this could be another major step toward a more transparent and technology-driven financial landscape. At the same time, conversations surrounding QFS, NESARA, GESARA, and the evolution of global financial systems continue to grow across online communities worldwide.

Whether you see these developments as connected or separate, one thing is becoming clear: The future of finance is changing faster than ever before. The world is watching. The conversation is growing. Stay informed.

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Global Currency Reset:

Wed. 17 June 2026 MarkZ:A Bond Holder was (allegedly) receiving his money on Thurs. 18 June. Other Bond Holders were expecting to have their money this weekend. All of Tier 3 were going to (allegedly) exchange this weekend.

Thurs. 18 June 2026  Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865: Sources say Tier4b (Us, the Internet Group) could be notified for exchange appointments Mon, Tues, Wed 22, 23, 24 June and start exchanges Wed. 24 June 2026.

Sun. 21 June 2026: The Fed has scheduled an emergency announcement for Mon. 22 June 2026 at 9am EST before the New York Stock Market opens. Insiders report they intend to announce a $50 billion liquidity injection to prevent a Market crash. https://x.com/CryptoNobler/status/2068725069967188251?s=20

Read Full post here:  https://dinarchronicles.com/2026/06/22/restored-republic-via-a-gcr-update-as-of-june-22-2026/

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

Jeff   They can't tell you if they plan to increase [the dinar exchange rate].  They've already revealed to us the new prime minister is going to Washington with 100 businessmen to prepare for the implementation of the strategic framework agreement between Iraq and the United States.  That requires Iraq to have a tradable currency.  You don't take 100 businessmen to discuss implementing business with the United States at a currency value of 1310 under US sanctions.  You don't do that.  Iraq needs to go there with a convertible tradable currency that has real regional value to it.  

Reset Intelligence  Iraq quietly handed its central bank to the man who spent his career hunting dirty money. The anti-fraud chief now runs the vault.  You do not put a watchdog on the money supply unless you are about to count it.  For the ones in the back saying nothing is happening, there sure seems to be a lot of fraudsters being taken down. Everywhere. All. At. Once.

Frank26  The government of Iraq is being strained.  How many of you wanted Alaq to stick around?  I'm sorry, he's gone. How many of you wanted Maliki to stick around? ..Sudani?  They're gone, gone, gone, gone...Cockroaches...we're getting rid of them left and right...Did you like the way the CBI was being run?  No, they overhauled it. Did you like the way the 
government was being run? No.  It's an overhaul...Every president before Trump gave money to...Iran.  Of course you're not going to have your monetary reform.  Trump is the first one that say, 'Play fair with our dollar.' ...That's why there's a major overhaul.  It's a completely different Iraq.  IMO it requires a completely different exchange rate...

Iraqi Dinar Update Iraq Not Trusting the Strait Iran Closing the Strait Again

Edu Matrix:  6-21-2026

Breaking News: Before it even happened, Iraq had already begun building a trade route outside the Strait of Hormuz. Iran closes the Strait, AGAIN.

Here's what Iraq is up against. Exports cut from 3.3 billion barrels to 1.3 billion barrels. Causing major economic hardship.

https://www.youtube.com/watch?v=xzN8tawqVFw

Iraq Economic News and Points To Ponder Late Sunday Evening 6-21-26

The Iraqi Government: There Are No Plans To Change The National Currency Or Remove Three Zeros From The Iraqi Dinar

The Iraqi government today reiterated that there are no plans to change the national currency or remove three zeros from the Iraqi dinar, while denying any intention to borrow externally to meet current economic challenges.

Government spokesman Haider al-Aboudi said in a statement that the news circulating about the imminent removal of three zeros from the Iraqi currency or the revaluation of the dinar and the adjustment of the dollar exchange rate is not based on any official decisions, stressing that the government does not have any project in this direction at the present time.

He added that the existence of quantities of printed banknotes is not related to procedures for changing the currency or modifying its value, noting that managing the money supply and determining its value are subject to the monetary policy of the central bank and the competent authorities.

Regarding the financial situation, Al-Aboudi stressed that the government does not intend to resort to internal or external borrowing to address the current pressures, explaining that what Iraq is going through falls under a temporary liquidity crisis imposed by recent regional changes, and not a structural financial crisis.

He pointed out that Iraq has significant economic potential and financial resources that enable it to overcome this stage, and that the government is continuously monitoring economic developments and taking measures to maintain financial stability and secure the state’s basic obligations.  Added 2026/06/21 - 7:42 PM https://www.economy-news.net/content.php?id=70536

Al-Kinani Reveals A Government Plan To Raise The Dollar Exchange Rate To 165,000 Next September.

 Baghdad Today – Baghdad   On Sunday (June 21, 2026), MP Ahmed Salim Al-Kinani, from the State of Law Coalition, revealed an anticipated government plan to raise the exchange rate of the US dollar to between 160,000 and 165,000 Iraqi dinars per 100 dollars, instead of the current rate of 132,000 dinars.

Al-Kinani said in a press statement, which was followed by “Baghdad Today”, that “this measure, which is expected to be implemented in September of this year (2026), comes as a necessary step that the government resorts to in order to secure operational expenses, foremost among which are the salaries of state employees and allocations for the social welfare network.” 

Al-Kinani warned of the "direct negative repercussions of this decision on the living conditions of citizens, especially those with limited income." 

He pointed out that "this trend will coincide with the imposition of additional customs duties of (15%) and a sales tax of (3%), which will negatively and directly affect the purchasing power of the Iraqi citizen as a result of the expected rise in prices."

Video link

https://baghdadtoday.news/301852-165.html

Iraq Rejects External Borrowing, Bets On Alternative Revenues

2026-06-21 / 05:35 Shafaq News- Baghdad    Iraq will not resort to external borrowing to address current financial challenges, government spokesperson Haider Al-Aboudi said on Sunday, stressing that the country's fiscal situation would be resolved through alternative measures.

 He told Shafaq News that the Oil Ministry is pursuing a strategy to diversify revenue sources, pointing to the launch of a new exploratory well in northern Iraq as a step toward increasing state income.

Iraq's economy depends on oil for between 90% and 95% of state revenues, making any disruption to exports a direct challenge to financing government spending, including salaries, pensions, and social welfare programs.

Read more: Iraq's rentier economy: Risks and reforms

The recent conflict involving the United States, Israel, and Iran disrupted shipping through the Strait of Hormuz, reducing Iraqi exports to less than 800,000 barrels per day and causing estimated losses of $128 million daily, according to Eco Iraq.

Read more: Iraq’s oil bottleneck: Abundance trapped by dependency

https://shafaq.com/en/Economy/Iraq-rejects-external-borrowing-bets-on-alternative-revenues

Dollar Gap Persists Despite Official Rate As Iraq Awaits Customs Reforms And Washington Talks

Mohammed Jangadost   Despite the Central Bank of Iraq maintaining the official exchange rate of the Iraqi dinar, a significant gap between the official and market rates of the U.S. dollar continues to raise concerns among traders, businesses, and citizens, while attention increasingly turns to the implementation of the ASYCUDA customs system and upcoming economic discussions in Washington.

Persistent Gap Between Official and Market Rates

During the first half of the year, the Iraqi dinar experienced continued volatility against the U.S. dollar, with the market exchange rate fluctuating between 150,000 and 155,000 dinars per $100. In contrast, the Central Bank of Iraq has maintained the official exchange rate at 132,000 dinars per $100.

The discrepancy of approximately 23,000 dinars between the official and parallel market rates has fueled uncertainty among importers and consumers. Market participants are closely watching whether the implementation of new customs and trade procedures will help reduce the dollar's market value below 150,000 dinars or whether continued pressures could push the exchange rate toward 160,000 dinars per $100.

Government Position and Washington Discussions

The Iraqi government has not issued any official statement regarding a possible adjustment to the dinar's exchange rate. Economic issues are expected to feature prominently during upcoming discussions in Washington, where Iraqi officials are anticipated to address financial challenges, budgetary pressures, and measures to strengthen the country's monetary stability.

Government advisers have stated that no formal discussions are currently underway regarding a devaluation of the dinar, despite previous recommendations from some international financial institutions that exchange-rate adjustments could help address fiscal imbalances.

Budget Deficit Pressures

Iraq is facing mounting fiscal pressures amid regional instability and disruptions to global energy markets. According to official estimates, the country recorded a budget shortfall exceeding 6.6 trillion dinars during the first four months of the year.

While adjusting the exchange rate is viewed by some economists as a potential means of reducing the budget deficit and securing government salary payments, such a move carries considerable risks, including higher inflation, increased consumer prices, and greater pressure on household incomes.

Inflation and Demand for Dollars

Inflationary pressures have also intensified. Iraq's annual inflation rate stood at 2.2 percent in April before rising to 4.3 percent in May, reflecting increasing costs in several sectors.

Demand for U.S. dollars remains elevated, with approximately 85 percent of market demand linked to commercial imports and trade activities. The remaining demand comes from individuals seeking dollars for personal needs, including mortgage and vehicle payments, travel expenses, and savings.

ASYCUDA System Seen as Potential Solution

Business leaders believe the implementation of the ASYCUDA customs system could help ease pressure on the foreign exchange market by facilitating access to official dollars for importers.

Aram Baban, a member of the Chamber of Commerce, said the participation of Kurdistan Region traders in the Central Bank's electronic platform remains slow, forcing many businesses to purchase dollars through the parallel market at rates reaching 155,000 dinars per $100.

Meanwhile, Nawzad Sheikh Kamil, Director General of Trade in the Kurdistan Region, said regional authorities have submitted a memorandum to Baghdad seeking the implementation of the ASYCUDA system.

Under the proposed arrangement, traders in the Kurdistan Region would no longer need to travel to Baghdad to complete currency transactions. Instead, after submitting invoices and required documentation, they would be able to obtain dollars at the official exchange rate within the region, a measure officials believe could help reduce demand in the parallel market and contribute to lowering the market price of the dollar.

Economists and market participants are now closely watching both the implementation of the new customs system and the outcome of upcoming economic discussions with U.S. officials, which could play a significant role in shaping Iraq's exchange-rate outlook in the months ahead.

Dollar Gap Persists Despite Official Rate as Iraq Awaits Customs Reforms and Washington Talks

https://channel8.com/english/news/60241

Unified Iraq, Kurdistan Region customs system to boost economy: Iraqi PM advisor

Jun. 20, 2026 •  "Its effects extend in the medium term to improving the business environment, enhancing investor confidence and reinforcing the principle of the unity of the Iraqi market," said Madher Mohammed Salih.

ERBIL, Kurdistan Region of Iraq - A financial advisor to Iraqi Prime Minister Ali al-Zaidi on Saturday said that unifying the customs systems between the federal government and the Kurdistan Region will strengthen Iraq's economic reform program and improve the management of non-oil revenues, coming after Baghdad and Erbil reached a technical agreement on the implementation of the ASYCUDA apparatus.

 “The importance of unifying customs systems lies in reducing cases of customs evasion resulting from differences in procedures and tariffs between border crossings,” Madher Mohammed Salih told Iraqi state media.

 The comments come days after representatives from the Kurdistan Regional Government (KRG) and the Iraqi federal government reached a technical agreement on implementing the Automated System for Customs Data (ASYCUDA) at border crossings in the Kurdistan Region.

 The two sides agreed on a draft mechanism during talks in Baghdad, though several issues remain unresolved, and the agreement still requires approval by Iraq's Ministerial Council for Economy.

 Salih added that the measure would also improve the “collection of trade data by creating unified databases for imports and exports,” providing policymakers with more accurate information and supporting more effective economic and financial policies.

 He said implementation would require “adopting unified electronic systems for customs collection and clearance” and linking border crossings to a central database capable of tracking goods in real time, alongside greater coordination between federal and regional authorities.

 The reform would help increase non-oil revenues by expanding the customs base, reducing financial leakages, and closing loopholes that have allowed inconsistencies in fees and procedures, he added.

“Its effects extend in the medium term to improving the business environment, enhancing investor confidence and reinforcing the principle of the unity of the Iraqi market,” the financial adivsor concluded.

ASYCUDA is a wholly digitalized border control system whose software was developed by the UN Conference on Trade and Development (UNCTAD).

 According to its website, the mechanism "handles manifests and customs declarations, along with accounting, transit and suspense procedures. It also generates trade data that can be used for statistical economic analysis."

The federal government have already adopted the system, with Erbil having previously requested more time before agreeing to implement it on Thursday should the technical agreement be approved.

 One of the main outstanding disputes is Baghdad's proposal that all customs revenues be transferred to the federal treasury before a portion is returned to the Kurdistan Region, a plan Erbil has yet to endorse, wishing instead that the Region will receive the full sum before depositing the adequate amount to the Iraqi exchequer.

 Iraqi Finance Minister Faleh al-Sari previously described the unification of customs systems with the Kurdistan Region as “a strategic step aimed at increasing revenues, strengthening oversight, and reducing 

https://thenewregion.com/posts/5678

An Economy On The Brink Of Oil Dependency: Calls To Break Free From Rentierism And Save Iraq From Market Shocks - Urgent

 Baghdad Today – Baghdad   Economic experts warn against Iraq’s continued reliance on oil as the almost sole source of funding for the public treasury, stressing that the absence of effective plans to diversify revenues has kept the country hostage to the fluctuations of energy markets and has reinforced the fragility of the rentier economy in the face of financial crises.

MP Mukhtar al-Moussawi told Baghdad Today on Sunday (June 21, 2026) that Iraq still relies on oil for nearly 90% of its treasury revenues, despite repeated warnings about the dangers of this dependence, especially with the sharp fluctuations in crude oil prices that have caused great pressure on the general budget in recent years.

Salaries Are Eating Up The Budget

Al-Moussawi explained that employee salaries account for the largest share of government spending, which increases the fragility of the financial situation and reduces the state's ability to direct funds towards development and investment projects.

He pointed out that raising the percentage of non-oil revenues to 30% of GDP has become an urgent necessity, and should reach 40% in the future to build a more balanced economy capable of facing crises, stressing that corruption and financial waste are still among the most prominent obstacles to economic reform.

Outlets, Taxes, And Wasted Resources

For his part, economist Ali Al-Masoudi confirmed on Saturday (June 20, 2026) that non-oil revenues are still below the desired level despite the measures announced by successive governments during the past years.

He added that activating electronic automation, reforming the work of border crossings, developing the tax system and addressing corruption in customs institutions could significantly increase the volume of public revenues and provide stable financial resources away from the fluctuations of oil prices.

Weak Oversight

Al-Masoudi explained in a statement to “Baghdad Today” that the absence of accurate databases and weak financial oversight lead to significant losses in public revenues, questioning the size of resources generated from border crossings, taxes, and government fees, and the extent of their actual impact on the level of services provided to citizens.

He stressed that tackling corruption and making bold decisions to manage financial resources are essential conditions for any real economic reform, warning that continued dependence on oil will keep the Iraqi economy vulnerable to financial shocks no matter how much oil revenues temporarily rise.

For decades, Iraq has relied on oil export revenues to finance the bulk of its public budgets, while the contribution of other productive sectors, such as agriculture, industry and tourism, to the gross domestic product remains limited.

With the recurring crises related to fluctuating global oil prices, calls are escalating for the adoption of comprehensive economic reforms aimed at diversifying income sources and enhancing non-oil revenues to ensure the stability of public finances and reduce dependence on a single resource. https://baghdadtoday.news/301802-.html

Seeds of Wisdom RV and Economics Updates Monday Morning 6-22-26

Good Morning Dinar Recaps,

Starmer Signals Exit as Burnham Emerges as Britain's Next Leadership Contender

British Prime Minister Keir Starmer is reportedly preparing to outline a timetable for his departure, potentially opening the door for Greater Manchester Mayor Andy Burnham to lead the Labour Party and become the United Kingdom's next prime minister amid growing political and economic uncertainty.

Overview

• Prime Minister Keir Starmer is reportedly considering an orderly leadership transition following increasing political pressure and declining public support.

• Andy Burnham has emerged as the leading successor, with many Labour lawmakers viewing him as a candidate capable of reconnecting with voters.

• Financial markets are closely watching for any shift in Britain's fiscal and economic policies as leadership uncertainty grows.

Key Developments

1. Starmer Considers Leadership Transition

Following months of declining approval ratings, Keir Starmer is reportedly weighing whether to remain in office or announce a timetable for stepping aside. An orderly transition would allow the government to maintain stability while Labour selects its next leader.

2. Burnham Becomes the Leading Candidate

Andy Burnham's recent political success has strengthened his standing within the Labour Party. Supporters believe he could provide fresh leadership ahead of the next general election, although many of his positions on foreign policy, defense spending, and fiscal policy remain to be fully defined.

3. Markets Watch Britain's Economic Direction

Investors are monitoring the potential leadership change closely. Britain continues to face high government debt, elevated borrowing costs, sluggish economic growth, and increasing defense expenditures, making fiscal discipline one of the key issues any new administration will inherit.

Why It Matters

Leadership transitions in major economies often influence financial markets, investor confidence, and government policy. The United Kingdom remains one of the world's largest financial centers, meaning political developments can affect currency markets, government bond yields, and international investment flows.

Why It Matters to Foreign Currency Holders

Political stability is an important factor for global currency markets. Any significant changes in Britain's fiscal strategy, borrowing plans, or economic outlook could influence the value of the British pound while also affecting broader investor sentiment toward global reserve currencies.

Implications for the Global Reset

• Pillar 1: Debt

Britain's next government will inherit high public debt and rising borrowing costs, highlighting the growing challenge many developed economies face in maintaining fiscal sustainability.

• Pillar 2: Trade

A leadership transition may influence future UK-European Union relations, international trade negotiations, and Britain's global economic partnerships, all of which affect cross-border investment and commerce.

• Pillar 3: Financial Markets

Political uncertainty in one of the world's leading financial hubs may contribute to market volatility as investors evaluate future fiscal policies, economic reforms, and monetary expectations.

Looking Ahead

Attention now turns to whether Keir Starmer formally announces a departure timetable and how quickly the Labour Party moves toward selecting a new leader. Investors will also be watching for greater policy clarity from Andy Burnham should he officially emerge as the party's preferred successor.

This is not just about political leadership—it reflects how government transitions in major economies can influence fiscal policy, investor confidence, and the evolving global financial landscape.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters – UK's Starmer could set out exit timetable on Monday as Burnham waits in the wings

• Modern Diplomacy – Starmer Expected to Set Exit Timeline as Burnham Emerges as Successor

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🌱 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

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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

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

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Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 6-21-26

Good Afternoon Dinar Recaps,

Japan Pension Fund Adds Cryptocurrency to Hedge Against Dollar Weakness

One of Japan's corporate pension funds is preparing to add cryptocurrency to its investment portfolio, signaling a growing institutional shift toward digital assets as a hedge against currency risk and the potential decline of the U.S. dollar's global reserve dominance.

Overview

• Japan's National Business Corporate Pension Fund plans to allocate 1% of its assets to cryptocurrency beginning in fiscal year 2026.

• The move is designed to hedge against currency depreciation, diversify reserves, and reduce dependence on the U.S. dollar.

• The decision reflects growing institutional confidence in digital assets as Japan advances its cryptocurrency regulatory framework.

Key Developments

1. Pension Fund Approves 1% Crypto Allocation

The National Business Corporate Pension Fund, which manages approximately ¥21.3 billion ($136 million) in assets, plans to invest roughly ¥213 million ($1.36 million) into cryptocurrency through diversified institutional investment funds rather than purchasing digital assets directly.

2. Currency Diversification Drives the Strategy

Fund officials emphasized that the decision is not a speculative investment, but rather a long-term strategy to reduce exposure to the Japanese yen and hedge against what they view as the gradual weakening of the U.S. dollar's reserve currency role. The fund will reduce yen holdings while increasing exposure to developed-market currencies, emerging-market currencies, gold, and digital assets.

3. Japan's Crypto Regulations Continue to Advance

The investment follows recent progress in Japan's digital asset legislation. Lawmakers have approved reforms under the Financial Instruments and Exchange Act (FIEA) that could eventually allow cryptocurrency exchange-traded funds (ETFs), while major Japanese financial institutions continue preparing new crypto investment products.

Why It Matters

Institutional adoption continues expanding beyond hedge funds and asset managers. Although this allocation is relatively small, it represents another example of traditional pension managers recognizing cryptocurrency as part of a diversified portfolio designed to manage long-term financial risk.

Why It Matters to Foreign Currency Holders

Currency diversification is becoming an increasingly important theme worldwide. As institutional investors broaden exposure beyond traditional reserve currencies into gold, digital assets, and alternative investments, many currency holders view these developments as signs of an evolving global monetary landscape.

Implications for the Global Reset

• Pillar 1: Assets

Institutional investors continue diversifying beyond traditional stocks and bonds by adding gold and digital assets as long-term portfolio hedges.

• Pillar 2: Technology

Japan's evolving regulatory framework demonstrates how governments are gradually integrating blockchain technology and digital assets into mainstream financial markets.

• Pillar 3: Financial Infrastructure

Growing pension fund participation reflects increasing confidence that digital assets may become part of future institutional investment strategies as financial systems continue modernizing.

Looking Ahead

If additional Japanese pension funds and financial institutions follow this example, institutional demand for regulated digital asset products could continue growing. Combined with Japan's evolving regulatory environment, these developments may further strengthen the country's position as one of the world's leading digital asset markets.

This is not just about one pension fund investing in cryptocurrency—it reflects the continuing evolution of global reserve diversification and the modernization of financial infrastructure in the digital age.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Bitcoin.com News – Japan's National Business Corporate Pension Fund Plans 1% Crypto Bet to Hedge Dollar Decline

• Nikkei Asia – National Business Corporate Pension Fund to Allocate Assets to Cryptocurrency

~~~~~~~~~~

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

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Nobody Is Talking About The July 1st Deadline: Joel Skousen's Stark Warning

Nobody Is Talking About The July 1st Deadline: Joel Skousen's Stark Warning

Liberty and Finance:  6-20-2026

Joel Skousen warns that investors may be underestimating the long term risks of escalating global conflict, arguing that the current relief in markets could prove temporary.

He explains why he believes a wider World War III scenario, including the possibility of an EMP attack and prolonged infrastructure disruption, could trigger a historic collapse in financial markets, leaving stocks, cryptocurrencies, and even bank accounts inaccessible.

Skousen also discusses why he believes preparedness, self sufficiency, and strategic planning are essential in a world facing growing geopolitical and economic instability.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Israeli influence on Iran war

6:00 Oil shock timeframe and shaky Iran deal

23:00 Preparedness steps

https://www.youtube.com/watch?v=K4IQk3kF79k

Bond Market Implosion Is Coming

Bond Market Implosion Is Coming

Lynette Zang:  6-20-2026

Gregory Mannarino joins Lynette Zang to discuss why he believes the bond market is the biggest threat facing the financial system today.

He explains the warning signs he sees in rising bond yields, the growing debt burden, and why he believes a future credit event could have far-reaching consequences for markets and the economy.

Chapters:

00:00 Bond Market Time Bomb & Warning Signals

05:55 Debt Implosion, Credit Freeze & the Endgame

08:24 Global Bond Yields Break Out — Why It Matters

09:26 Sound Money, Gold Standards & Fighting Fiat Currency

13:40 Wealth Transfer, Currency Devaluation & Financial Survival

16:57 JPMorgan Memo: Oil Shortages & Rationing Warnings

18:28 Fed-Treasury Debt Monetization Explained

22:36 Can Young People Lead a Financial Revolution?

24:15 Why $100,000 a Year No Longer Feels Wealthy

26:33 Inflation, Silver Dimes & Preserving Purchasing Power

28:18 Crude Oil Crisis, Supply Chains & Rising Prices

36:29 Gold, Silver, Community & Preparing for What’s Next

39:12 Stock Market Melt-Up, Fed Control & The Future of the System

https://www.youtube.com/watch?v=Wd_dm8COsTk

Iraq Economic News and Points To Ponder Sunday Morning 6-21-26

Parliamentarian: The Government May Move To Raise The Dollar Exchange Rate To 165,000 Next September

Money and Business  Economy News – Baghdad   Member of Parliament, Ahmed Salim Al-Kinani, revealed an anticipated government plan to raise the exchange rate of the US dollar to between 160,000 and 165,000 Iraqi dinars per 100 dollars, instead of the current rate of 132,000 dinars.

Al-Kanabi said that this measure, which is expected to be implemented in September of this year (2026), comes as a necessary step that the government resorts to in order to secure operational expenses, foremost among them the salaries of state employees and allocations for the social welfare network.

In contrast to this measure, which represents a solution for the operational budget, Al-Kinani warned of the direct negative repercussions of this decision on the living conditions of citizens, especially those with limited income.

The MP pointed out that this trend will coincide with an increase in the financial burden on traders through the imposition of additional customs duties of (15%), as well as a sales tax of (3%), indicating that these duties and taxes will be fully borne by imported goods and materials, which will negatively and directly affect the purchasing power of the Iraqi citizen as a result of the expected sharp rise in prices. https://www.economy-news.net/content.php?id=70507

The first round of the four-way negotiations in Switzerland has ended.

Arabic and international Iran's Fars News Agency reported Sunday evening that the first round of quadrilateral negotiations in Switzerland had concluded.
The agency quoted a source within the Iranian negotiating team as saying, "The first round of quadrilateral negotiations has now ended."
Earlier in the day, media sources revealed details of the initial moments of the US-Iranian talks in the Swiss city of Burgenstock.

The sources stated that the Iranian delegation refused to take a joint photo with the American delegation at the beginning of the meeting.   https://www.economy-news.net/content.php?id=70524

Iraq Has Lost Nearly $38 Billion Since The Closure Of The Strait Of Hormuz.

Money and Business  Economy News – Baghdad   The Economic Affairs Observatory “Eco Iraq” announced that Iraq has lost about 350 million barrels of oil exports since the closure of the Strait of Hormuz, equivalent to about $37.7 billion, calling for accelerating the implementation of the “New Levant” project as a strategic option to secure alternative export outlets and reduce dependence on maritime outlets.

The observatory stated that prior to the closure of the Strait of Hormuz on February 28, Iraq was exporting between 103 and 107 million barrels of crude oil per month.

He explained that the closure of the strait due to the war in the region led to a decline in exports, with losses amounting to 84,395,049 barrels in March, 93,115,870 barrels in April, 92,801,000 barrels in May, while the current month of June recorded about 79,600,000 barrels.

According to "Eco Iraq", the gap in Iraqi exports during the aforementioned period is estimated at about 350 million barrels, representing lost export opportunities valued at about $37.7 billion based on average oil prices during the period.

He concluded his statement by noting that the "New Levant" project represents an urgent strategic necessity to ensure the stability of Iraqi oil exports and to secure vital alternatives away from the geopolitical risks that threaten maritime routes, especially since the Iraqi economy depends on oil revenues by nearly 90%.

https://www.economy-news.net/content.php?id=70450

Iraq Receives Notification From The International Transport Federation Confirming Significant Progress In Implementing The TIR System.

Money and Business     Economy News – Baghdad   The Ministry of Transport announced on Friday that Iraq has received notification from the International Transport Federation confirming that it has made significant progress in implementing the TIR system.

The Director of the Land Transport Department of the Technical Department at the Ministry of Transport, Israa Hanoun, stated that “a notification from the International Road Transport Union (IRU) reached the TIR Convention contact point at the Iraqi Ministry of Transport bearing the phrase (Iraq is stealing the offer) in a clear message confirming that Iraq has made high progress in implementing the TIR system during the year 2025.”

Hanoon explained that "the system has been fully operational and seven new international routes have been opened across Iraqi territory within eight months, and more than (1000) international transport operations have been carried out," noting that "the notification also confirms the continued adoption of the TIR system for the movement of goods in transit by land across Iraqi territory, which contributes to enhancing the efficiency and security of international trade and consolidating Iraq's position as an important regional logistics corridor." https://www.economy-news.net/content.php?id=70423

The Minister Of Industry Confirms Work Is Underway To Prepare A Comprehensive Investment Map Across Various Industrial Sectors.

Money and Business   Economy News – Baghdad    Minister of Industry and Minerals, Mohammed Nouri, confirmed on Saturday that work is underway to prepare an integrated investment map in various industrial fields.

The media office of the Minister of Industry and Minerals stated that "Minister of Industry and Minerals Mohammed Nouri received the Australian Ambassador to Iraq, Glenn Miles, and the meeting discussed ways to enhance joint cooperation in the industrial and investment fields."

The minister stressed the work on "preparing an integrated investment map that includes many promising opportunities in various industrial fields, in order to support development plans and the government's directions in revitalizing the industrial sector."

https://www.economy-news.net/content.php?id=70464

Al-Zaidi Oversees The Handover Ceremony For The Central Bank Of Iraq

Localities   Prime Minister Ali Faleh al-Zaidi presided over the handover ceremony on Sunday between the new Central Bank Governor, Nizar Nasser Hussein, and the outgoing Governor, Ali Mohsen al-Alaq.

According to a statement from his office, al-Zaidi emphasized "the importance of proceeding with banking reform programs, which contribute to achieving financial stability and providing a suitable economic and investment environment to promote development."

He also stressed "the necessity of keeping pace with the digital transformation the world is witnessing and applying international standards in implementing financial policies."

The Prime Minister commended al-Alaq's efforts during his tenure and directed that he be appointed as the Prime Minister's Advisor for Economic Affairs. He further emphasized the importance of completing strategic programs that enhance institutional performance and support financial and banking stability in Iraq. https://www.economy-news.net/content.php?id=70522

The Iranian Delegation Refused To Shake Hands And Pose For A Group Photo With The American Delegation.

Arabic and international    Media reports indicate that the Iranian delegation refused to participate in a planned handshake and group photo with the American delegation on the sidelines of the ongoing talks between the two sides.
According to observers, this move reflects the continued tension and mistrust between Tehran and Washington despite ongoing diplomatic contacts.

The Iranian position comes amid sensitive negotiations dealing with complex security and political issues, as Tehran has been careful to avoid any protocol-driven scene that might be interpreted as a show of political rapprochement with the United States, stressing its commitment to separating the negotiation process from the accompanying political and media messages.

https://www.economy-news.net/content.php?id=70521

Banias Is On The Iraqi Oil Pipeline... Baghdad Is Looking For An Alternative Outlet Away From Hormuz

Reports   Economy News – Baghdad   Iraq is moving towards a new phase in managing its oil exports by expanding export outlets towards Syrian territory, in a move that reflects a strategic governmental direction to reduce dependence on traditional routes in the Arabian Gulf and enhance energy security and exports in light of the geopolitical changes taking place in the region.

This trend comes at a time when Iraq is preparing to begin exporting about 50,000 barrels per day of crude oil through Syrian territory starting next July, in addition to exporting naphtha, as part of a broader plan to diversify export outlets and ensure the continued flow of Iraqi oil to global markets under all circumstances.

Earlier, Syrian Energy Minister Mohammed al-Bashir discussed with former Iraqi Oil Minister Hayyan Abdul Ghani ways to enhance joint cooperation in the energy sector. Both sides praised the efforts made to begin exporting Iraqi oil through Syrian territory. They also discussed the possibility of supplying domestic gas to Syria and rehabilitating oil pipelines, most notably the Kirkuk-Banias pipeline.

During the call, the Iraqi side emphasized that oil cooperation with Syria represents a long-term strategic option and not a temporary measure related to the current situation, while Damascus continues to work on developing its oil infrastructure and restoring its role as a regional energy transit corridor.

These steps reinforce what was discussed during the recent meeting between Prime Minister Ali al-Zaidi and the US envoy to Iraq, Tom Barrack, in Baghdad, where the two sides discussed enabling the American companies HKN, Western Zagros and Hunt to resume their work in Iraq with the provision of the necessary security guarantees, as well as proceeding with the memorandum of understanding signed with TI Capital to rehabilitate and develop the oil export route via the Kirkuk-Banias pipeline, which is one of the most important strategic projects proposed to diversify Iraq’s export outlets.

According to Reuters, citing Iraqi and Syrian officials and energy sector sources, Baghdad views the Syrian route as a long-term strategic option, not a temporary solution tied to current regional tensions or risks to shipping in the Strait of Hormuz. Officials at the Iraqi Ministry of Oil confirmed that plans to diversify crude oil and fuel export routes will continue even after shipping traffic returns to normal, as part of a policy aimed at reducing reliance on a single export outlet.

In this context, Oil Ministry spokesman Salim al-Rikabi said that the Iraqi government and the Oil Ministry attach paramount importance to the issue of diversifying export outlets, particularly through Syrian territory, noting that the Iraqi Oil Marketing Company (SOMO) continues its discussions and cooperation with the Syrian side to expand export operations through this route.

Current data indicates that Syria is working in parallel to increase its operational capacity to receive the increasing Iraqi quantities, as the Syrian Ministry of Energy announced its intention to open two additional oil unloading areas in the port of Banias, along with new service facilities, while Syrian officials confirmed that the port is currently able to receive and unload up to 900 tanker trucks per day.

During the past months, the Syrian Petroleum Company also increased the operational capacity for unloading Iraqi tankers at the Banias refinery by 30% after operating new unloading yards and improving direct pumping routes to the tanks, which raised the number of tankers unloaded daily to about 500 tankers, equivalent to about 120,000 barrels per day.

Despite the importance of these steps, the path to building a sustainable export route through Syria is not without its challenges. The land infrastructure continues to face significant logistical pressures due to the damage inflicted on road networks during the years of war, in addition to the long traffic jams on the roads leading to the port of Banias, as well as some accidents that have occurred during transport operations and fuel spills in various areas.

On the other hand, energy experts believe that these challenges remain less costly than the risks that may result from relying entirely on the southern ports and the Strait of Hormuz as the sole passage for Iraqi oil exports.

Energy expert Kovand Shirwani confirms that recent events have demonstrated the importance of having alternative export outlets, explaining that Iraq lost up to 3.3 million barrels per day after exports through Basra ports stopped, an amount that represents about 94% of its total oil exports.

Shirwani told Al-Eqtisad News that the only remaining secure outlet is the pipeline to the Turkish port of Ceyhan, but the quantities transported through it do not exceed about 250,000 barrels per day, which is equivalent to only 7% of total exports, even though its design capacity can reach one million barrels per day if the necessary technical requirements are completed.

He added that developing the northern pipeline and linking it to the production coming from the southern provinces could contribute to transporting a large part of Basra's oil to the port of Ceyhan and then to European markets, but at the same time he stressed the importance of finding an additional outlet through Syria.

Shirwani pointed out that the importance of the Banias project lies not only in reviving the historic Kirkuk-Banias pipeline, but also in establishing any new oil pipeline that reaches the Syrian coast and gives Iraq greater flexibility in managing its exports.

He noted that the old pipeline is now completely out of service, but there is a possibility of creating a new route starting from the Haditha area in Anbar province as part of a proposed project to extend a pipeline from Basra to Haditha, then connect it towards Syria, Jordan, or even the northern network.

He indicated that the cost of establishing the Syrian part of the project may range between 6 and 8 billion dollars, while implementation requires a period of no less than two years, but he considered that the strategic returns of the project exceed its financial cost due to what it provides in terms of protection for Iraqi oil exports in the future.

Iraq typically exports around 3.6 million barrels of crude oil per day, making the diversification of export outlets one of the most important strategic issues related to the security of the Iraqi economy, especially since oil revenues represent the main source of funding for the general budget.

Therefore, experts view the expansion of the use of the Syrian route, along with the development of the Turkish Ceyhan pipeline and future pipeline projects, as part of a broader vision to build a more flexible export system capable of confronting geopolitical crises and regional turmoil that may threaten the flow of Iraqi oil to global markets.

https://www.economy-news.net/content.php?id=70449

What Happens If the U.S. Economy Crashes?

What Happens If the U.S. Economy Crashes?

By   Kimberly Amadeo   Updated on August 28, 2024

Although the initial outbreak of COVID-19 in March 2020 sent a shockwave through the markets and economy, another recent near-collapse of the U.S. economy happened on September 16, 2008. This is the day the Reserve Primary Fund “broke the buck"—the value of the fund’s holdings dropped below $1 per share.1

Panicked investors withdrew billions from money market accounts where businesses keep cash to fund day-to-day operations.2 If withdrawals had gone on for even a week, and if the Fed and the U.S. government had not stepped in to shore up the financial sector, the entire economy would likely have ground to a halt. Trucks would have stopped rolling, grocery stores would have run out of food, and businesses would have been forced to shut down.

Will the U.S. Economy Collapse?

A U.S. economic collapse is unlikely. When necessary, the government can act quickly to avoid a total collapse.

For example, the Federal Reserve can use its contractionary monetary tools to tame hyperinflation, or it can work with the Treasury to provide liquidity, as during the 2008 financial crisis and COVID-19 pandemic. The Federal Deposit Insurance Corporation insures banks, so there is little chance of a banking collapse similar to that in the 1930s.

The president can release Strategic Oil Reserves to offset an oil embargo. Homeland Security can address a cyber threat. The U.S. military can respond to a terrorist attack, transportation stoppage, or rioting and civic unrest. In other words, the federal government has many tools and resources to prevent an economic collapse. 

What Would Happen If the U.S. Economy Were to Collapse?

If the U.S. economy were to collapse, you would likely lose access to credit. Banks would close. Demand would outstrip the supply of food, gas, and other necessities. If the collapse affected local governments and utilities, then water and electricity might no longer be available.

A U.S. economic collapse would create global panic. Demand for the dollar and U.S. Treasurys would plummet. Interest rates would skyrocket. Investors would rush to other currencies, such as the yuan, euro, or even gold. It would create not just inflation, but hyperinflation, as the dollar would lose value to other currencies.

If you want to understand what life would look like during an economic collapse, think back to the Great Depression. The stock market crashed on Black Thursday. By the following Tuesday, it was down 25%. Many investors lost their life savings that weekend. 

By 1932, one out of four Americans was unemployed.3 Wages for those who still had jobs fell precipitously—manufacturing wages dropped 32% from 1929 to 1932.4 U.S. gross domestic product was cut nearly in half. Thousands of farmers and other unemployed workers moved to California and elsewhere in search of work. Two-and-a-half million people left the Midwestern Dust Bowl states.5 The Dow Jones Industrial Average didn't rebound to its pre-crash level until 1954.6

Dow Jones Industrial Stock Price Index: 1925–1960

After the Dow Jones peaked in 1929, the index fell during the Great Depression and didn't fully recover until 1954, 25 years later.   LINK 

Collapse Versus Crisis

An economic crisis is not the same as an economic collapse. As painful as it was, the 2008 financial crisis was not a collapse. Millions of people lost jobs and homes, but basic services were still provided.

Other past financial crises seemed like a collapse at the time, but are barely remembered now. 

1970s Stagflation

The OPEC oil embargo and President Richard Nixon’s abolishment of the gold standard triggered double-digit inflation. The government responded to this economic downturn by freezing wages and labor rates to curb inflation.7 The result was a high unemployment rate. Businesses, hampered by low prices, could not afford to keep workers at unprofitable wage rates.8

1981 Recession

In 1981, the Fed raised interest rates in a bid to end double-digit inflation.9 That created the worst recession since the Great Depression. President Ronald Reagan cut taxes and increased government spending to end it.10

To Continue Reading:  https://www.thebalancemoney.com/u-s-economy-collapse-what-will-happen-how-to-prepare-3305690

Sunday Iraq News posted by Tishwash at TNT 6-21-2026

TNT:

Tishwash:  Al-Zaidi at the White House… “Starlink” and the oil fields are Baghdad’s gateway to breaking Washington’s favor

The whispering voice from the back corridors of diplomacy indicates that the Iraqi Prime Minister, Ali al-Zaidi, has become the fastest Iraqi Prime Minister to reach the White House after assuming office, in a visit that resembles not the rituals of routine protocol as much as it resembles the inauguration of a new geopolitical “threshold,” in which the chemistry of interests is intertwined with the fuel of strategic caution.

Behind the scenes in Washington, the anticipated visit is seen as marking a new phase in the relationship between Baghdad and Washington. It's not merely about exchanging agendas, but rather an attempt to forge broader cooperation on critical issues such as energy, the economy, and security.

As the drafts of the initial agreements whisper, there is a bold ambition to expand the presence of American companies in Iraq, particularly those operating in the southern oil fields, as well as granting important licenses to Starlink, in a move that symbolizes a breakthrough into Iraq’s troubled digital space.

However, this bright horizon is not without clouds in the form of looming obstacles, given the continued influence of Iran and armed factions in the Iraqi scene.

Here, specifically, the bitter reality is revealed; the statesman who tries to tame the factional dragon is dancing on the edge of an abyss, where the sounds of missiles sometimes rise above the voice of reason.

Al-Masalla highlighted a telling tweet by Iraqi political analyst Ghalib al-Nahi, who wrote: “Al-Zaidi’s visit is not a sightseeing trip… The man carries a briefcase full of promises, but he knows that the real decision-maker may not be in Baghdad or Washington.” In contrast, international relations professor Renad Mansour wrote on his account: “Granting Starlink licenses is a test of sovereignty… Does the Baghdad government have the luxury of opening up airspace without prior permission from the factions and Iran?”

Sources confirm that Washington has received initial positive signals regarding a number of demands that it had previously conveyed to the Iraqi government. The sources describe Barak's visit as pivotal in the course of Iraqi-American relations, considering that it establishes a different phase from that which followed 2003, based on clear commitments and mutual interests.

The burning core that could derail the negotiations, according to those sources, is the most prominent American demand to disarm all armed factions without exception, prevent their participation in the government, and complete the integration of the Popular Mobilization Forces into official security institutions after removing leaders associated with armed factions. link

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TishwashL  MP: Economic reform begins with activating the private sector

MP Ali al-Zirjawi called on the Prime Minister on Saturday to activate the role of the private sector and alleviate pressure on the country's general budget, given the current economic challenges.
Al-Zirjawi told the Information Agency that "the large operational expenditures in the general budget have caused recurring economic crises and affected the state's ability to implement sustainable development projects."

He added that "Iraq is currently experiencing an economic crisis as a result of mismanagement and poor planning, in addition to regional tensions that have negatively impacted the overall economic situation."

He pointed out that "addressing this crisis requires genuine economic reforms, foremost among them supporting the private sector and reducing reliance on government operational spending."
He stressed that "the current stage necessitates adopting more flexible economic policies to ensure the stability of the national economy and improve the level of services."

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Tishwsh:  Following the FATF decision, economists warn of a heavy cost and financial isolation for Iraq after its return to the grey list.

 Economic experts warned on Saturday of the repercussions of Iraq's return to the "grey list" of countries under enhanced monitoring regarding efforts to combat money laundering and financial crimes, stressing that the slowness in addressing this issue could land the country on the "black list," where Baghdad faces international financial and economic isolation.

A step backward and an international alarm bell

In this regard, Ziad Al-Hashemi, a researcher and consultant in economics and international transport, said in a blog post that Iraq’s return to the Financial Action Task Force’s grey list after it was removed from it in 2018 represents a step backward and an international alarm bell indicating that compliance standards for combating money laundering and terrorist financing are still not being properly implemented.

He explained that "this negative development reveals a clear deficiency in the implementation of anti-money laundering and smuggling plans, which puts the Central Bank and the banking system in a worrying position before international financial institutions, and will increase the caution of international banks, especially correspondent banks that work with Iraq in completing dollar transfers."

Al-Hashemi pointed out that the expected result of this inclusion is to impose more scrutiny on foreign transfers, and to obligate the Central Bank to take complex measures to stop suspicious transactions, indicating that these steps may take a long period of reviews and adjustments to implementation and monitoring procedures.

Compliance costs and parallel market pressures

From an economic standpoint, the economic consultant confirmed that listing inevitably means higher compliance costs and foreign transfers, a slowdown in investment flows, increased pressure on exchange rates in the parallel market, and growing demand for cash transactions outside the banking system, with a possible increase in the cost of external borrowing.

For his part, the head of the “Iraq Future” Foundation for Economic Studies and Consultations, Manar Al-Obaidi, warned in a written statement of the seriousness of this inclusion, saying: “The failure to complete the agreed procedures within the specified timeframes will cost Iraq a lot, and may expose it to the risk of being placed on the blacklist with its financial isolation and economic damages that affect the daily livelihood of the citizen,” stressing that the opportunity is still available to remedy the situation, but the cost will be exorbitant if it is missed.

The official position: A national plan and avoiding a "black" situation.

In contrast, the Anti-Money Laundering and Counter-Terrorism Financing Council, in cooperation with the Central Bank of Iraq, announced the adoption of a joint and specific action plan to develop the national system, stressing that Baghdad has succeeded through its proactive measures in avoiding the international “blacklist” by complying with standards and addressing weaknesses identified by international and regional groups.

The Council explained that the approved national plan indicates that the competent Iraqi authorities have made tangible progress since the adoption of the mutual evaluation report in November 2024, including the application of market entry controls and the introduction of risk reduction measures in the real estate sector, indicating that the enhanced follow-up path has been accompanied by many countries of the world and the region based on “Quality and Consistency” reviews and adjustment of weights and assessments due to the nature of the existing risks.

FATF decision and justifications for international listing

These field positions come in conjunction with the announcement by the Financial Action Task Force (FATF) yesterday, Friday, that Iraq has been officially placed on the "grey list".

The group’s chair, Elisa de Anda Madrazo, said in a statement translated by Shafaq News Agency that “the group’s plenary meeting decided to add Iraq to the enhanced monitoring list, as there is still an urgent need to take measures to address the risks associated with heavy cash transactions, increase judicial investigations related to money laundering, and enhance the use of financial information.”

Government priorities and anticipated financial reform

This shocking international decision and financial controversy comes at a time when the new Iraqi government is asserting that economic reform and combating corruption are the cornerstones of its ministerial program. Prime Minister Ali al-Zubaidi had announced, since taking office last May, that rebuilding the financial system, attracting foreign investments, and fighting corruption channels would be at the forefront of his government’s program.

It is worth noting that the Financial Action Task Force (FATF) announced in July 2018 that Iraq had been completely removed from the monitoring and surveillance zone, as a result of the significant progress made by the Central Bank of Iraq and the Anti-Money Laundering Office at the time in fulfilling international obligations and implementing a comprehensive financial compliance strategy, with broad participation from governmental, judicial and security systems, including the Supreme Judicial Council, the Ministries of Interior, the National Security and Intelligence Services, the Counter-Terrorism Service, and counterpart agencies in the Kurdistan Region.  link

Tishwash:  An economic institution warns against the "dollarization" of the Iraqi economy and the deepening of poverty if the dinar is devalued.

The “Iraq Future” Foundation for Economic Studies and Consultations warned on Friday of the repercussions of reducing the value of the Iraqi dinar against the US dollar, stressing that the negatives of such a step - if the federal government takes it - will outweigh its temporary benefits to the country’s economy.

These warnings come at a time when political and financial circles are increasingly discussing the possibility of devaluing the local currency as an option to address the current deficit and alleviate pressure on the general budget, especially after government revenues declined sharply to only 10% compared to their previous levels before the recent military conflict in the region and the easing of the Strait of Hormuz.

The report quoted the head of the institution, economist Manar Al-Obaidi, as saying, "Despite the assurances in official reports regarding the stability of monetary policy and its pursuit of stability, it remains necessary to analyze the pros and cons of this approach to assess its real impact on the Iraqi economy and society."

Partial financial gains

The report explained that those who support the option of reducing the dinar rely on a number of financial and monetary gains; most notably providing a partial financial option that contributes to reducing government expenditures denominated in dinars (such as local salaries), which in turn reduces the overall size of spending in dollars.

Supporters also believe that higher prices for imported goods will enhance the competitiveness of local agricultural and industrial products, as well as protect cash reserves from continuous depletion and reduce the gap between the official exchange rate and the parallel market rate.

Risks of "dollarization" and recession

On the other hand, the institution warned of dire consequences that could squander these gains, most notably a complete loss of confidence in the national currency.

In this regard, Al-Obaidi explained that “the continuous change in the value of the currency at a rate of every two years undermines the public’s confidence in the dinar, which pushes the private sector and citizens to adopt the dollar as the primary currency in daily and commercial transactions.”

He added that this “dollarization” will create a huge demand for hard currency in the parallel market, which may cause the price gap to widen instead of narrowing as a result of the scarcity of official supply, warning that the lack of exchange rate stability will inevitably drive away local and foreign investments that base their feasibility studies on long-term plans.

The report also indicated that devaluing the dinar would automatically increase the cost of government contracts for purchasing goods and services denominated in foreign currency, thus raising the state's operating expenses and plunging the country into a spiral of "successive reductions" without sustainable financial guarantees.

A wave of inflation and deepening poverty

On the social level, the organization warned that the absence of adequate social protection mechanisms to support vulnerable groups means that the currency devaluation will generate a sharp wave of inflation that will push large segments of citizens below the poverty line, as well as bringing the commercial sector (which represents the largest share of non-oil GDP) into a state of paralysis and stagnation, which will negatively affect job opportunities and exacerbate unemployment rates among young people.

The head of the “Iraq of the Future” Foundation concluded his remarks by saying: “Adjusting the exchange rate alone is not a radical solution, but rather a postponement of a deeper crisis. The real problem lies in three main axes: the continuous inflation of operating expenses, the scarcity of non-oil revenues, and the imbalance in the trade balance. Comprehensive structural reform begins with addressing these roots and not through individual and temporary solutions.”  link

News, Rumors and Opinions Sunday 6-21-2026

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 Sun. 21 June 2026

Compiled Sun. 21 June 2026 12:01 am EST by Judy Byington

Global Currency Reset:

Judy Note: It’s my personal opinion based on the below that we could anticipate Tier4b (us, the Internet Group) being notified to set exchange appointments sometime between Mon. 22 June 22 and Sun. 28 June.

On Mon. 2 March President Trump signed Executive Order 14178 — banning CBDC development and ordering a “digital asset strategic reserve.”

Since Mon. 1 June Redemption Centers in 14 cities have (allegedly) been staffed and operational. Military personnel were present at each location. NDAs would be required.

On Tues. 9 June 2026 the new gold/asset-backed Quantum Financial System (allegedly) went full global through the Starlink Satellite System.

On Wed. 10 June 2026 the old Cabal SWIFT System (allegedly) processed it’s last transaction.

On Thurs. 11 June 2026 at 4:47 am EST the old banking SWIFT System (allegedly) died when JP Morgan executed its FIRST live transaction through the XRP Ledger.

On Tues. 16 June 2026 Congress(allegedly)  passed a bill that prohibited the Cabal from producing the fiat digital dollar (because the new gold/asset-backed currency was already in place across 209 nations).

Between Mon. 22 June and Sun. 28 June Tier4b (us, the Internet Group) notifications will be(allegedly)  sent out. The first wave covered 1.2 million verified accounts.

On Sat. 4 July 2026 President Trump would (allegedly) announce the new gold standard currency.

Wed. 17 June 2026 MarkZ:A Bond Holder was receiving his money on Thurs. 18 June. Other Bond Holders were expecting to have their money this weekend. All of Tier 3 were rumored to exchange this weekend.

Thurs. 18 June 2026  Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865: Sources say Tier4b (Us, the Internet Group) could be(allegedly)  notified for exchange appointments Mon, Tues, Wed 22, 23, 24 June and start exchanges Wed. 24 June 2026.

Judy Note:No one knows the exact date for notification of appointments for Tier4b (us, the Internet Group) to exchange foreign currencies, but deadlines shown in the above Timing indicate it to be very soon. We have been told that Wells Fargo, which is controlled by the Chinese Elders – (the ones who own the gold behind the Global Currency Reset) – will send out emails to currency and bond holders worldwide telling them how to set redemption & exchange appointments. It is advised to exchange/redeem your foreign currency at an official Redemption Center (RC) rather than a bank. You can only (allegedly) redeem Zim at a RC, the Dinar Contract Rate can only(allegedly)  be given at a RC and banks will offer you lower exchange rates than what you can obtain at a RC. You can only set up your new wallet (bank account) at a RC. It was my understanding that most banks were under control of the Cabal and would soon play a different role in the Global Financial System.

Read full post here: https://dinarchronicles.com/2026/06/21/restored-republic-via-a-gcr-update-as-of-june-21-2026/

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

Stephen  I'm expecting some HCL news to come out in the next 48 to 72 hours.  That's probably one of the biggest topics that we are going to see some movement on.  I believe the HCL is the precursor to the revaluation happening.  Some say the revaluation will happen first and then the HCL law will be passed immediately after.  It remains to be seen.  But they are both very very closely connected.

Frank26   Alaq was the constipation.  He was the one that was supplying Iran with money and not letting the prime minister of Iraq to play fair with the American dollar.

ArielHCL – The Oil Revenue Lock That Makes Everything Fortunate...The Hydrocarbon Law is the sleeping giant...HCL centralizes strategic policy under a Federal Oil and Gas Council while giving regions input ending the independent KRG exports and smuggling that bled federal revenue.  Once passed, budgets stabilize, oil money flows cleaner, and the dinar gets the collateral backbone it needs.

Mnt Goat   Article:  “MP: INITIAL UNDERSTANDINGS REACHED BETWEEN POLITICAL BLOCS AND THE PRIME MINISTER TO PASS THE OIL AND GAS LAW”.   ...this recent article...reinforces once again the increased efforts to finally get passed the decades long-awaiting Oil and Gas Law (HCL). In it we learn that MP Adel Al-Mahalawi confirmed...that there are initial understandings between political blocs and the Prime Minister regarding proceeding with the passage of the oil and gas law in the coming period...the Prime Minister aimed at creating the necessary atmosphere for passing the oil and gas law, which is considered one of the important laws that has been long awaited.

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The New Fed Chair Just Tore Up The Playbook On Day One | DiMartino Booth with Kitco News

Kitco News:  6-20-2026

https://www.youtube.com/watch?v=h3Hlv2q6DJc

Seeds of Wisdom RV and Economics Updates Sunday Morning 6-21-26

Good Morning Dinar Recaps,

ASEAN Pushes Deeper Rare Earth Cooperation to Strengthen Global Supply Chains

ASEAN is seeking to deepen cooperation on rare earth elements (REEs) as global demand for critical minerals accelerates. By strengthening regional collaboration, Southeast Asian nations hope to reduce dependence on outside powers, expand domestic processing industries, and secure a stronger position in the global supply chain.

Overview

• ASEAN nations are working to strengthen cooperation on rare earth elements, which are essential for electric vehicles, renewable energy technologies, semiconductors, electronics, and defense systems.

• China currently dominates global rare earth production and processing, prompting ASEAN members to pursue strategies that diversify supply chains and improve regional competitiveness.

• The focus is shifting toward downstream manufacturing, technology transfer, and regional investment to maximize the long-term value of the region's natural resources.

Key Developments

1. ASEAN Holds Significant Rare Earth Potential

Malaysia, Vietnam, Indonesia, and Thailand possess substantial rare earth reserves, giving Southeast Asia an opportunity to become an important alternative supplier as governments and manufacturers seek to diversify away from China's dominant position.

2. Emphasis Moves Beyond Mining

Rather than exporting raw minerals, ASEAN leaders are encouraging investment in refining, magnet production, battery manufacturing, and advanced processing to capture more economic value within the region.

3. Bilateral Deals Could Reduce Regional Leverage

The article warns that individual agreements between ASEAN countries and foreign governments or corporations could weaken the bloc's collective bargaining power, limiting opportunities for technology transfer, environmental standards, and long-term industrial development.

4. Regional Cooperation Could Strengthen Supply Chains

Analysts recommend expanding joint research, workforce development, financing partnerships, and coordinated investment strategies that allow ASEAN members to build complementary industries instead of competing against one another.

Why It Matters

Rare earth elements have become some of the world's most strategic resources. As demand grows for clean energy technologies, artificial intelligence, semiconductors, and advanced manufacturing, countries with secure supplies and processing capabilities will hold increasing economic and geopolitical influence.

Why It Matters to Foreign Currency Holders

Critical minerals are becoming an increasingly important driver of global investment, trade, and capital flows. Nations that successfully develop these industries may strengthen their export economies, attract long-term investment, and improve their financial positions as the global monetary system continues to evolve.

Implications for the Global Reset

• Pillar 1: Assets

Rare earth elements are emerging as strategic national assets, joining gold, energy resources, and critical commodities as governments seek greater economic resilience and supply chain security.

• Pillar 2: Trade

Diversified supply chains reduce reliance on a single producer while encouraging the development of new regional manufacturing hubs and stronger economic cooperation throughout Southeast Asia.

Bottom Line

ASEAN's push for deeper rare earth cooperation reflects a broader global effort to secure critical supply chains and reduce strategic vulnerabilities. If successful, the region could become a much larger player in advanced manufacturing while reshaping global trade and investment patterns for years to come.

This is not just about critical minerals—it reflects the accelerating shift toward resource security, industrial independence, and a more multipolar global economy. 

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Modern Diplomacy – A Bundle of Chopsticks: How ASEAN Can Deepen Rare Earth Cooperation

• International Energy Agency (IEA) – Global Critical Minerals Outlook

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🌱 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

~~~~~~~~~~

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