$28 Trillion Bond Market Crash, Stagflation Fears Rise as Defaults Loom and Debt Rises

$28 Trillion Bond Market Crash, Stagflation Fears Rise as Defaults Loom and Debt Rises

Lena Petrova:  6-6-2025

The global bond market, a bedrock of financial stability, is experiencing tremors of unprecedented magnitude. A staggering $28 trillion has been wiped off the value of bonds worldwide, raising serious concerns about a looming crisis fueled by rising inflation, sluggish economic growth, and burgeoning US debt.

Could this market correction be a harbinger of stagflation, leading to widespread defaults and economic turmoil?

The bond market, traditionally a safe haven, is sounding the alarm. As interest rates rise, the value of existing bonds falls.

 This is because new bonds are issued with higher yields, making older bonds less attractive. The $28 trillion loss reflects investors selling off bonds in anticipation of further rate hikes and concerns about the ability of borrowers to repay their debts.

The fear is that this market turmoil could trigger a cascade of defaults. Companies and countries with high debt levels may find it increasingly difficult to meet their obligations as borrowing costs rise. This could lead to bankruptcies, sovereign debt crises, and further instability in the financial system.

The US, as the world’s largest economy, holds a central position in the global financial system. However, the country’s massive debt load is raising concerns about its long-term fiscal sustainability. If investors lose confidence in the US government’s ability to manage its debt, it could trigger a sell-off in US Treasury bonds, leading to even higher interest rates and potentially a full-blown debt crisis.

The situation is fluid and highly uncertain. Central banks are walking a tightrope, trying to combat inflation without triggering a severe recession. Governments need to implement responsible fiscal policies to manage their debt levels and support economic growth.

The $28 trillion bond market crash is a stark reminder of the challenges facing the global economy. The specter of stagflation, rising interest rates, and swelling debt levels are creating significant risks.

While the future remains uncertain, one thing is clear: navigating this turbulent period will require prudent policies, vigilance, and a healthy dose of caution.

The coming months will be crucial in determining whether this bond market tremor evolves into a full-blown earthquake.

Watch the video below from Lena Petrova with L. McDonald for further insights and information.

https://youtu.be/uIE6FTPnMZM

Seeds of Wisdom RV and Economic Updates Saturday Morning 6-7-25

Good Morning Dinar Recaps,

Crypto Adoption Continues: Apple, X, Airbnb Exploring Stablecoin Integration – Report

As US lawmakers work on passing crucial crypto-related legislation, multiple tech giants are reportedly exploring the adoption of stablecoins to lower transaction costs and streamline cross-border payments.

Apple, Airbnb, X Eye Stablecoin Integration

On Friday, Fortune reported that several Big Tech companies are in early discussions with crypto firms to integrate stablecoins. Sources familiar with the matter stated that Apple, X, Airbnb, and Google are exploring stablecoin adoption to optimize cross-border payments and lower transaction costs.

According to the report, Airbnb has been in talks with crypto companies since the beginning of the year, aiming to reduce high transaction fees charged by processors like Visa and Mastercard by adopting stablecoin solutions.

The short-term rental platform has reportedly discussed the integration with Worldpay, one of its payment processors. Notably, Worldpay recently announced support for stablecoin payouts through its partnership with stablecoin infrastructure provider BNVK.

An Airbnb spokesperson confirmed:

“While crypto payments aren’t something we’re focused on integrating into the platform in the near future, we’re always looking at all aspects of payments for ways to improve our community’s experience with it, including developments in digital assets and their use cases.”

Similarly, Apple has reportedly been engaged in stablecoin-related talks since January. Four sources claim Apple has held conversations with a senior director at Circle, who works on “strategic partnerships in stablecoin payments.”

X (formerly Twitter) is also actively pursuing stablecoin integration into its new payments platform, X Money. The company is reportedly in talks with Stripe to implement this feature. Patrick Traughber, X’s former head of consumer products and payments, initially led the effort before departing in January for the Sam Altman-backed project World. Payam Abedi, a senior engineer at X, has since taken over the initiative.

More Tech Giants Explore Crypto Adoption

Google Cloud is “arguably the furthest along on stablecoin integrations,” the report noted. Google has already accepted payments in PayPal’s PYUSD, a stablecoin that recently cleared a regulatory investigation by the SEC without enforcement action.

Rich Widmann, head of Web3 strategy at Google Cloud, commented:

“It’s pretty clear that this is probably one of the biggest upgrades to payments since the SWIFT network.”

“We’ve invoiced the customer like we would normally invoice them. They’ve paid that bill the way they would normally pay it. But they’ve used stablecoins to effectuate settlement.”

The report also mentions that other tech firms, including Meta, are exploring stablecoin usage. On Thursday, Uber CEO Dara Khosrowshahi revealed that the company is currently in the “study phase” regarding stablecoins for international money transfers.

Chris Ahn, a partner at Haun Ventures, stated:

“[Stablecoins] are this old idea, but finally I think we’ve got the right pieces coming together such that it’s really coming into fruition.”

Regulatory Shift Boosts Momentum

Under the current Trump administration, US regulators have moved away from a punitive “regulation by enforcement” stance. Instead, they are pursuing clear frameworks and detailed guidelines for the digital asset sector.

This shift has accelerated industry adoption, with several Strategic Bitcoin Reserve proposals and crypto Treasury initiatives now gaining attention. Meanwhile, bipartisan efforts in Congress continue to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which aims to provide the US stablecoin industry with a robust legal foundation for growth.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

US Lawmakers Seek Audit of Federal Gold, Including ‘Deep Storage’

For the first time in over 65 years, Congress is demanding a full-scale audit of America's gold reserves — just as debt surges past $37 trillion and central banks ramp up gold accumulation.

Gold Audit Bill Demands Inventory of All Federal Bullion Holdings

On June 6, 2025, four Republican lawmakers introduced the Gold Reserve Transparency Act (H.R. 3795), calling for a sweeping audit of the United States’ gold reserves — including long-untouched “deep storage” bullion.

Reps. Thomas Massie (R-KY), Troy Nehls (R-TX), Addison McDowell (R-NC), and Warren Davidson (R-OH) co-sponsored the bill, which mandates:

• A full assay, inventory, and physical audit of all U.S. gold within nine months of enactment

• Recurring audits every five years

• Independent oversight by the Government Accountability Office (GAO) and third-party auditors

The scope covers all bullion at depositories, security reviews, and a 50-year forensic analysis of all gold-related transactions, including:

• Leases

• Swaps

• Sales

• Purchases

• Encumbrances

• Gold indirectly held by or through the Federal Reserve, IMF, or foreign central banks

Crucially, the bill bars redactions in the final public report — excluding only physical security protocols. The GAO and its auditors will receive subpoena power to access any relevant facility or record, while the Treasury and Federal Reserve must provide full documentation.

Calls for Transparency Amid National Debt and Gold Repatriation

Stefan Gleason, CEO of the Money Metals Depository, sharply criticized the lack of oversight in past decades:

“The Treasury has lost records and failed to account for vault openings.”

Gleason's Idaho-based facility, notably, is twice the size of Fort Knox.

This movement echoes long-standing calls from figures like Senator Rand Paul and his father Ron Paul, who have both advocated for a Fort Knox audit.

With U.S. national debt surpassing $37 trillion, and Germany repatriating gold from the New York Fed, concerns over American-held gold have escalated. JP Cortez of the Sound Money Defense League called the audit effort a “national security issue,” rejecting performative "walkthroughs" as inadequate.

A Gold Audit vs. Bitcoin’s Blockchain Transparency

While Bitcoin (BTC) enjoys real-time public verification of its entire history and supply via the blockchain, U.S. gold reserves remain shrouded in obscurity.

“Unlike bitcoin, the U.S. gold system lacks inherent transparency,” the bill’s authors contend.

If passed, the Gold Reserve Transparency Act would usher in regular physical audits and the disclosure of decades of potentially opaque transactions — a stark contrast to Bitcoin’s cryptographic, decentralized proof-of-reserve.

What If Fort Knox Is Empty?

Financial provocateur Robert Kiyosaki has added fuel to the fire, warning:

“If Fort Knox’s vaults turn up empty, America’s entire economic infrastructure could come tumbling down.”

The results of the audit — if it passes — are expected to be made publicly available online, setting the stage for a new era of financial transparency or potentially devastating revelations.

@ Newshounds News™
Source:  Bitcoin News

~~~~~~~~~

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“Tidbits From TNT” Saturday Morning 6-7-2025

TNT:

Tishwash:  140 trillion dinars enter the Iraqi treasury in one year, 91% of which comes from oil.

The Iraqi Ministry of Finance revealed on Saturday that the revenues in the 2024 federal budget exceeded 140 trillion dinars, confirming that oil contributed 91% of those revenues.

Shafaq News Agency reviewed the data and tables issued by the Ministry of Finance in May for the previous fiscal year's accounts, which showed that oil remains the primary source of revenue for Iraq's general budget, accounting for 91% of the total. This indicates that the rentier economy remains the foundation of the budget structure.

The tables indicate that total revenues in 2024 amounted to 140 trillion, 774 billion, 106 million, 157 thousand, and 464 dinars, while total expenditures amounted to 125 trillion, 214 billion, 440 million, 53 thousand, and 991 dinars.

According to the tables, oil revenues amounted to 127 trillion, 536 billion, 400 million, and 812 thousand dinars, representing 91% of the general budget, while non-oil revenues amounted to 13 trillion, 237 billion, 705 million, and 728 thousand dinars.

In this regard, economic expert Mohammed al-Hasani told Shafaq News Agency, "Iraq's reliance on oil for its public revenues indicates that the country is still suffering under the burden of a rentier economy, disguised unemployment, and other economic problems that constitute an obstacle to any progress."

He added, "Iraq needs major economic reforms focused on diversifying the economy, improving spending efficiency, and combating financial waste to ensure a sustainable economic future."

In March 2021, the Prime Minister's financial advisor, Mazhar Mohammed Salih, told Shafaq News Agency that the reasons for the economy remaining rentier are due to the wars and economic blockade imposed over the past decades, as well as the political conflicts Iraq is currently witnessing, which have led to the dispersion of economic resources.

The Iraqi state's continued reliance on oil as the sole source of its public budget exposes the country to the risk of global crises linked to oil markets. This forces it to cover its deficit through external or domestic borrowing each time. This indicates a weakness in the management of public funds and an inability to find alternative financing solutions.  link

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

Tishwash:  The US State Department intervenes in the crisis between Baghdad and Erbil.

The US State Department considered the recent agreements concluded by the Kurdistan Regional Government with American companies to develop natural gas production an important step to address the chronic imbalance in Iraq's energy sector, calling on Baghdad and Erbil to urgently coordinate to accelerate project implementation and enhance Iraq's energy independence.

A State Department official said in a statement, "The United States believes that Iraq will be more stable and sovereign by achieving energy independence and moving away from the harmful influence of Iran."

He added, "The agreements recently signed by Kurdistan Regional Government Prime Minister Masrour Barzani with American companies to expand natural gas production in Iraqi Kurdistan support this goal," noting that "these projects, whether in the region or the rest of the country, are in the interest of all Iraqis, especially in light of the ongoing electricity crisis."

The US official continued, "We encourage Baghdad and Erbil to work together to commence gas production as soon as possible."  link 

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

Tishwash:  Economic Council: Broad interest from regional and international companies to participate in the Iraq Investment Forum.

Iraqi Economic Council Chairman Ibrahim Al-Masoudi Al-Baghdadi affirmed on Friday that Iraq has become a destination for investment in the Middle East, thanks to the government's extensive support for investment and investors. Addressing the Iraq Investment Forum, he revealed widespread interest from regional and international companies to participate, noting that more than 250 investment opportunities will be showcased.

Al-Baghdadi told the Iraqi News Agency (INA): “This explains the change and geopolitical orientation towards Iraq, which has today become the investment destination in the Middle East,” noting that “just a year ago, we were facing great difficulty in inviting investors to attend conferences or forums inside Iraq, but today there is a widespread desire from important companies and countries from the Gulf, the Middle East, Europe, America and Arab countries to participate in the Iraq Investment Forum scheduled to be held on June 14 and 15.”

He added, "There is growing demand due to the abundance of quality and profitable opportunities, especially since Iraq has lived through long years of war, siege, and terrorism, creating an urgent need for all types of projects. Today, we are beginning to see the results of the hard work and efforts of the past years."

He explained, "Today's investor is looking for an unsaturated market. For example, building a five-star hotel in Dubai means competing with 650 hotels of the same category, while Iraq currently needs approximately 60 hotels, according to the Minister of Culture, Tourism, and Antiquities. This provides a golden opportunity for any investor to operate in an environment virtually devoid of competition."

Al-Baghdadi pointed out that "Iraq is the largest market in the region, and its environment has become attractive to investments," predicting that "the next ten to twenty years will witness Iraqi superiority in investment competition with countries in the region."

Regarding the Iraq Investment Forum, Al-Baghdadi explained that "the forum will showcase more than 250 investment opportunities, including 150 direct opportunities, 31 of which are in the electricity sector, and more than 15 in the oil sector, in addition to dozens of opportunities in industry, agriculture, transportation, information technology, industrial cities, and free zones." He noted that "the Ministry of Industry will showcase 97 opportunities within the partnership mechanism with its companies."

He explained that "these projects will contribute to creating thousands of job opportunities, and may reach hundreds of thousands in the coming years, as part of the National Investment Commission's plans  link

Mot: Oooooh Boy!!! –It was a    

Mot: Acts of kindness….

MM &Crew: The Iraq Dinar Update-USA-Foreign Exchange-Currency Manipulation Warning-Iraq-Trading Partners-Timed

MM &Crew:  The Iraq Dinar Update-USA-Foreign Exchange-Currency Manipulation Warning-Iraq-Trading Partners-Timed

6-6-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=QJD5q_rrB0E

Gerald Celente: The Dollar is Cooked

Gerald Celente: The Dollar is Cooked

6-6-2025

Gerald is founder of the Trends Research Institute and publisher of The Trends Journal. He holds nothing back as usual with an insightful assessment of the general quality of global leadership.

Celente, who has spent 45 years forecasting trends, describes world leaders as "clowns" and "scum," citing examples like Boris Johnson in the UK, Emmanuel Macron in France, and Gerhard Schröder in Germany.

 He argues that these leaders are failing to address systemic issues, with the middle class in decline and wealth inequality on the rise.

Celente highlights the impact of globalization and free trade agreements like NAFTA, which he believes have hollowed out American manufacturing and enriched corporations at the expense of workers. He also critiques the consolidation of media power under past administrations, noting that six companies now control 92% of U.S. media.

 In terms of economic trends, Celente discusses the rise of gold as a safe-haven asset, with prices expected to hit $4,000 an ounce due to geopolitical tensions and inflation.

He expresses skepticism about tariffs, arguing they won't revive American manufacturing and will instead harm small businesses.

Celente also warns of the dangers of AI-driven economic bubbles and the potential collapse of equity markets. Geopolitically, Celente focuses on the escalation of conflicts in the Middle East and Ukraine, which he believes will drive oil prices to $120 per barrel and further destabilize global markets.

 He warns of the growing risk of nuclear annihilation, particularly between Israel and Iran, calling it a "doomsday scenario." Celente concludes by advocating for personal resilience, urging listeners to prioritize physical, emotional, and spiritual well-being.

He also calls for a renaissance in values, emphasizing the importance of truth, integrity, and ethical leadership in rebuilding society.

 Time Stamp References:

0:00 - Introduction

0:54 - Geo-Political Freakshow

5:02 - Top 2025 'Trends Journal'

7:47 - Tariffs & Manufacturing

11:00 - Media Monopolies

14:30 - Escalation Vs. Peace

17:57 - Global Economic Slowdown

22:00 - A.I. & China's Tech Sector

23:44 - Trump & Interest Rates

 24:44 - Iran & Israel Nuclear Risk

 27:38 - Mentally Arrogant Rich

28:20 - We Need a Renaissance

31:09 - Focus on Your Health

33:45 - Wrap Up

https://www.youtube.com/watch?v=1XOnn7wxXyM

Iraq Economic News And Points To Ponder Friday Afternoon 6-6-25

Haider Karim Al-Gharawi: The Availability Of Cash In The Country Expands The Scope Of Projects.
 
June 3, 2025 Last updated: June 3, 2025  3Al-Mustaqilla/- Economic expert Haider Karim Al-Gharawi stressed that the availability of cash liquidity in the country is essential to expanding the scope of business in all sectors.

Al-Gharawi said that the Central Bank of Iraq's confirmation of the availability of liquidity in the country and that there is no problem with this matter is a reassuring message that will expand the scope of business and services.

He pointed out that the country's reality requires everyone to work towards improving the services provided to citizens and improving the reality of life. He pointed out that  the volume of work in Iraq is large and requires local and international efforts.   
https://mustaqila.com/حيدر-كريم-الغراوي-توفر-النقد-في-البلاد/  

By leveraging foreign expertise, the Association of Banks intends to enhance the capabilities of banking sector employees.

Economy | 02:42 - 06/06/2025  Mawazine News - Baghdad – The Iraqi Private Banks Association announced on Friday the completion of training for banking sector cadres by the end of the year, utilizing foreign expertise. It also confirmed the continuation of the search for strategic partnerships with foreign banks.

Chairman of the Iraqi Private Banks Association, Wadih Al-Handhal, said in a press statement that "many issues were discussed during the recently held Anti-Money Laundering and Combating the Financing of Terrorism conference, most notably the challenges facing Arab banks in complying with international laws and regulations and ways to meet the requirements of correspondent banks."

He added that "the conference discussed with experts, researchers, writers, and officials from Arab and foreign banks to develop a mechanism for cooperation to simplify procedures for Iraqi banks to deal with correspondent banks and how to consolidate the concept of technology and artificial intelligence in the use of banking operations as part of our work. Most importantly, it is necessary to search for strategic partnerships with foreign banks."

The head of the Iraqi Private Banks Association continued, "Work is underway and the world is advancing at the speed of light. Many Iraqi banks are working to keep up, but it's not easy, because some of the human cadres in the banking sector need training and courses."

 He emphasized that "the Association of Banks, in cooperation with the Central Bank, has launched ongoing courses for banking cadres, but they will require some time, at least until the end of next year. However, work is underway, and we are seeking foreign expertise from outside Iraq and are continuing to adapt to it."  https://www.mawazin.net/Details.aspx?jimare=262219

Globally: Gold Prices Rise By 2.4%

Economy | 01:24 - 06/06/2025    Mawazine News - Follow-up  Gold prices stabilized on Friday, heading for a weekly rise after US data this week boosted hopes of an interest rate cut by the US Federal Reserve.
August gold futures (Comex) rose 0.24% to $3,383.30 an ounce, while spot contracts for the precious metal rose 0.20% to $3,359.40 an ounce. Gold has gained 2.4% so far this week. https://www.mawazin.net/Details.aspx?jimare=26221

Oil Is Heading For Its First Gains In Several Weeks.

Economy | 08:36 - 06/06/2025  Mawazine News - Follow- up Oil prices fell on Friday, but were on track for their first weekly gain in three after U.S. President Donald Trump and Chinese President Xi Jinping resumed trade talks, raising hopes for stronger growth and demand in the world's two largest economies.

By 01:33 GMT, Brent crude futures were down 12 cents, or 0.2%, at $65.22 a barrel.

U.S. West Texas Intermediate (WTI) crude futures were down 15 cents, or also 0.2%, at $63.22, after gaining about 50 cents on Thursday.

For the week, both benchmarks are on track for gains after two consecutive weeks of declines. Brent is up 2.1% so far this week, while WTI is up 4%.

The market has continued to oscillate amid news of tariff negotiations and data showing how uncertainty surrounding the trade war and the impact of tariffs is affecting the global economy. https://www.mawazin.net/Details.aspx?jimare=262211

 
Oil Minister From London: Iraq Will Achieve Self-Sufficiency In White Goods By The End Of The Year.
 
Economy Yesterday, | 533  Baghdad Today – Baghdad  Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani Al-Sawad, today, Wednesday, June 4, 2025, that  Iraq "has
 
     stopped importing gas oil and kerosene,
     reduced gasoline imports to a minimum, and 
by the end of this year, imports of kerosene products will stop."
 
During his participation in the Iraq-Britain Business Council (IBBC) conference in London, Al-Sawad said,
 
"Iraq has witnessed remarkable progress in recent years
     through reform programs adopted by the government,
     aimed at establishing the foundations for sustainable development,
     maximizing the added value of natural resources, and
     developing partnerships and investments." He pointed to
     "supporting the business environment through new instructions issued by the government for partnerships with the private sector."

He added,  "The ministry has achieved qualitative steps in increasing investment in associated gas and reducing its flaring rates.
 
The investment rate has risen to more than 70% in a short period,
compared to 53% when the current government took office.

This is achieved through prominent projects such as Basra and Artawi gas, Halfaya and Nasiriyah gas, the Fayhaa field, and others." 

Al-Sawad pointed out that  "the ministry is working to launch gas investment projects in the Akkas and Mansouriya fields,  to achieve gas production and investment with a capacity exceeding 1,000 cubic meters," explaining that "
 
This comes as part of programs that offer accelerated phases,
which provide significant opportunities for international partnerships,
particularly in gas-fired processing, transportation, and power generation projects,"

 he added, noting that "the ministry has also made progress in developing oil fields." The Oil Minister continued, "In this context,
 
carbon and methane emission reduction projects emerge as promising opportunities for partnership with the private sector,

through the deployment of monitoring and reduction technologies or infrastructure development,
in light of Iraq's commitment to climate agreements.
 
In light of the multiple gas investment projects,
Iraq has taken the initiative to form a carbon bond company." He pointed out that
 
"an integrated project is being implemented with the French company Total Energy,
which includes oil production from the Artawi field with a capacity of 210,000 barrels per day,
gas investment with a capacity of 600 megawatts,
 
in addition to a project to generate electricity based on solar energy,
which is the first project that will start production at the end of this year with a capacity of 250 megawatts,
 
in addition to a project to produce injection water with a capacity of 5 million barrels per day based on seawater, and
the project is the first of its kind in the region with its interconnected components."  Al-Sawad noted the
 
"development in the refining sector and
the increase in production rates of petroleum derivatives
with an additional production capacity of 360,000 barrels per day.

Through this increase, Iraq has
 
     stopped importing gas oil and kerosene, and
     reduced gasoline imports to a minimum.
 
By the end of this year, the
     import of kerosene products will stop, and
     Iraq will become a self-sufficient country,
     exporting the surplus of its products abroad.
 
This self-sufficiency comes through the operation of the Karbala refinery,
and the fourth unit in the southern refineries in Basra,
in addition to projects to increase production in the Northern Refineries Company."
 
In the field of electricity, the Minister of Oil indicated that
 
"Iraq is working to
     exploit the gas produced to
     build power plants at key production sites with direct connection to the national grid, in addition to
     signing electricity exchange agreements with Jordan, Turkey, and the Gulf states
 
as part of a broader vision to  
     achieve self-sufficiency and
     build an integrated energy system, in addition to the issue of
     energy security." He pointed to the
 
"Development Road Project, which is one of the strategic projects in the region,
linking southern Iraq to Turkey and Europe," noting that
 
"the Ministry of Oil has a project to extend a pipeline parallel to the road with a diameter of 56 knots, and the Ministry has begun the first phase (Basra - Haditha), and the pipeline extension project includes the construction of warehouses and pumps to complement the pipeline."
 
The Oil Minister concluded his speech by saying, "Iraq is opening up to the world today with a partnership-based approach and is looking forward to qualitative contributions from reputable British companies in the fields of traditional and renewable energy," noting that "Iraq has signed a contract with British Petroleum to develop the four Kirkuk fields." https://baghdadtoday.news/275655-.html   

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Iraq Economic News And Points To Ponder Late Thursday Evening 6-5-25

Ahead Of Eid, The Dollar Rises Against The Dinar In Baghdad

Economy | 11:35 - 05/06/2025   Mawazine News – Baghdad  The US dollar exchange rate rose on Thursday morning in Baghdad markets, as Eid al-Adha approaches.

The dollar price rose on the Al-Kifah and Al-Harithiya stock exchanges to 141,450 Iraqi dinars for every $100, while yesterday, Wednesday, it recorded 141,250 dinars for every $100.

Selling prices also rose in the exchange market in Baghdad's local markets, where the selling price reached 142,500 Iraqi dinars for every $100, and the buying price reached 140,500 dinars for every $100.   https://www.mawazin.net/Details.aspx?jimare=262190

Oil Prices Rise Slightly To Around $66 Per Barrel

Economy | 05/06/2025   Mawazine News - Baghdad -  Global oil prices continued their recovery on Thursday, approaching $66 per barrel.

The price of a barrel of Brent crude oil reached $65.87 at 10:45 p.m. Baghdad time, having closed at $64.85 the day before.   The price of US crude reached $63.58 per barrel, having closed at $62.85 the day before.   https://www.mawazin.net/Details.aspx?jimare=262206

Al-Sudani: Industry Is The Cornerstone Of Economic Recovery.

Thursday, June 5, 2025  Economic Number of readings: 55  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed: "Industry is the main pillar of economic recovery, which contributes to achieving sustainable development."

Al-Sudani said in a speech at the National Industry Day celebration at the headquarters of the Iraqi Federation of Industries: "Iraqi industrialists have proven their ability to innovate and face challenges."

The Prime Minister added: "After 2003, our country witnessed an ill-considered openness that reached the point of dumping and halted industry."

He continued: "Our industry today has entered the area of ​​self-sufficiency, and for the first time, the government has imposed sovereign guarantees for private sector projects, and we did not hesitate to issue any decision to protect the national product."

He stressed: "The private sector is a partner in facing challenges, and the Council of Ministers is ready to take decisions that go beyond product protection decisions, including preventing the import of competing materials. "

He said that the private sector is a partner in facing challenges, indicating that more than 34,000 industrial projects are covered by the guarantee.

He added that Iraq is an oil, industrial and agricultural country, pointing out that there is a challenge in the lack of control over ports, which has contributed to the entry of cheap goods that have affected local products.

The Prime Minister continued: We aim to transform our oil exports into high-value derivatives by creating an important and in-demand petrochemical oil industry for export. /End https://ninanews.com/Website/News/Details?key=1231926

Iraq Stops Attempt To Smuggle Rare Archaeological Treasures Abroad

A wish | 01:08 - 05/06/2025  Mawazine News - Baghdad - The Parliamentary Security and Defense Committee confirmed that the Ministry of Interior has implemented intensive intelligence efforts that resulted in four major strikes against antiquities and rare book smuggling networks over the past two months across the country.

Committee member MP Yasser Iskandar stated that security and intelligence teams, in coordination with various security formations, carried out operations in Baghdad and other governorates, where a rare archaeological book was seized in Diyala and two individuals in its possession were arrested.

He explained that these successes are the result of precise intelligence efforts and continuous field monitoring of elements operating within local networks cooperating with external parties to smuggle historical treasures.

Iskandar also pointed to the development of the plan to secure archaeological sites through coordination between the General Authority for Antiquities and security services, which has helped enhance protection and prevent the infiltration of smugglers.

He emphasized the importance of citizen awareness in thwarting smuggling operations, as reports and national sentiment have contributed to preserving the cultural heritage of Iraq, which is one of the richest countries in the world in antiquities.

These operations have resulted in the arrest of a number of those involved and the dismantling of smuggling operations targeting Iraqi cultural heritage. https://www.mawazin.net/Details.aspx?jimare=262193

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Friday Morning 6-6-25

Good morning Dinar Recaps,

Former CFTC Chair Warns Digital Asset Clarity Act Could Undermine Main Markets

Former Commodity Futures Trading Commission (CFTC) Chair Timothy Massad warned lawmakers that the Digital Asset Market Clarity Act of 2025 (Clarity Act) could create more confusion than clarity while potentially undermining decades of established securities law. 

In testimony before the House Financial Services Committee, Massad argued that effective digital asset legislation for market structure should follow two simple principles: “do no harm and keep it simple.”

Massad emphasized that any digital asset market structure legislation must not undermine the U.S.’s $120 trillion equity and debt markets, which he described as “the foundation of the U.S. economy and the envy of the world.” He cautioned that “legislation that rewrites the definition of a security or revises the Howey test to promote this technology can easily undermine the markets.”

Clarity Act’s Fatal Flaws

The former regulator identified several ways the Clarity Act violates his core principles:

1. Unstable Decentralization Criteria
   Massad criticized the bill’s excessive reliance on decentralization as a regulatory framework, calling it “unstable ground on which to build a regulatory framework.” He noted it is difficult to define and measure, may change over time, and is not necessarily the right metric for judging innovation.

2. Regulatory Gaps Persist
   The Act fails to address the main oversight gap it claims to solve. While it introduces regulation for “digital commodities,” its definition would apply to only a handful of tokens. Exchanges like Coinbase, Kraken, and Gemini list dozens to hundreds of tokens, many of which would still lack meaningful oversight.

3. Regulatory Arbitrage Risk
   At 236 pages long with dense and complex definitions, the legislation opens doors for regulatory loopholes. Massad warned that “many, many lawyers will spend huge amounts of time developing ways to exploit this legislation.” He urged that legislation should focus on high-level principles and leave detailed implementation to experts.

A Simpler Path Forward

Instead of the Clarity Act’s approach, Massad renewed his proposal for a joint Self-Regulatory Organization (SRO) overseen by both the SEC and CFTC. This entity would regulate “any trading platform or other intermediary transacting in Bitcoin or Ether,” covering all digital tokens traded on those platforms.

The proposed SRO would be:

• Tightly supervised by the SEC and CFTC

• Governed independently, with board members and rules approved by the agencies

• Focused on governance, customer protection, conflicts of interest, and anti-fraud

Massad contended this model would deliver comprehensive investor protection quickly by targeting the centralized platforms that dominate crypto spot markets—all without the definitional chaos embedded in the Clarity Act.

@ Newshounds News™
Source:  Ledger Insights

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BRICS: Oil Giant Eyes Chinese Yuan Bonds, Ignores US Dollar Assets

In a breakthrough shift in the financial sector, the BRICS alliance has paved the way for other countries and leading business institutions to look beyond US dollar-based Treasuries and bonds and buy other Asian-based financial assets. 

Kazakhstan, which participates in BRICS Outreach formats, has allowed its state-run oil and gas company KazMunayGas to eye Chinese yuan bonds, leaving aside the US dollar-based bonds and Treasuries for the first time.

The Chinese yuan bonds are cheaper debt compared to the US-denominated financial assets such as Treasuries and bonds. KazMunayGas is also exploring opportunities to issue debt in Arab countries and buy their bonds in a first-of-a-kind development.

 The credit for this new shift goes to the BRICS bloc as they’re convincing firms that there are more options to explore such as the Chinese yuan than just buying US dollar-based assets.

BRICS: Kazakhstan’s Oil & Gas Firm Eyes Chinese Yuan Bonds, Sidelining US Dollar Assets

KazMunayGas is looking to explore cheaper borrowing terms and usher the oil and gas industry into a new era. Reducing US dollar-denominated assets was the primary goal of BRICS and now other countries are following suit.

“We looked at all options. Currently, there is a possibility to sell dim sum, and panda bonds,” said CEO Askhat Khassenov to Bloomberg. “Dim sum and panda bonds offer rather good conditions,” said Khassenov.

For the uninitiated, dim sum bonds refer to notes denominated in the offshore Chinese yuan. It mainly trades outside mainland China. In addition, panda bonds are yuan debt sold by foreign borrowers in China’s domestic market. It might not take much time before state-run oil firms from BRICS countries start eyeing Chinese yuan bonds.

The BRICS development will add a dent in the US dollar-denominated assets while Chinese yuan bonds go for the win. This is the first such instance where the yuan assets are being considered—and might not be the last either.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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“Tidbits From TNT” Friday Morning 6-6-2025

TNT:

Tishwash:  Rafidain Bank is preparing to distribute Eid gifts to more than 50,000 of its most engaged users.

 Rafidain Bank is preparing to distribute Eid gifts to more than 50,000 customers who are the most engaged in using electronic cards to save and shop instead of using cash.

Your Eidiya is on us... Rafidain Bank is preparing to distribute Eidiya to more than 50,000 customers, the most engaged users of electronic cards for saving and shopping instead of cash.

In a qualitative step aimed at supporting the culture of electronic payment and encouraging citizens to abandon traditional cash transactions,

Rafidain Bank is launching the "Your Eidiya is on Us" campaign to coincide with Eid al-Adha. The campaign includes cash rewards for thousands of customers who use their e-cards for purchases.

This initiative aligns with the Prime Minister's directives urging banks and payment companies to develop effective incentive mechanisms that contribute to accelerating the transition to a cashless digital economy and fostering a culture of savings and the smart use of modern banking tools.

The bank plans to distribute Eidiya gifts to more than 50,000 active customers using electronic cards, according to a structured regulatory system that adopts precise standards of fairness and transparency.

Rafidain Bank... Towards a digital society and banking services worthy of citizens' trust.  link

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Tishwash:  Hidden fingers are tampering with the relationship between Baghdad and Erbil... Efforts to abort Al-Sudani's second term before it matures - 

Political researcher Nabil Al-Azzawi revealed on Wednesday (June 4, 2025) that there are political parties working behind the scenes to stir up tensions and disputes between Prime Minister Mohammed Shia Al-Sudani and the Kurdish forces in Kurdistan, in an attempt to block the renewal of his term for a second term.

Al-Azzawi told Baghdad Today, "There are political parties that do not want the elections scheduled for November 11 to take place, and they are seeking by all means to place artificial obstacles in the way of the government."

He pointed out that "these parties are working to undermine the growing trust between al-Sudani and the Kurdish forces, as they believe that an understanding between the two parties strengthens al-Sudani's chances of remaining in office for a second term."

He added, "Since assuming office, the Prime Minister has placed the relationship between Baghdad and Erbil at the top of his priorities. His first move was toward the Kurdistan Region, where he launched the 'Sustainable Solutions' initiative as an alternative to the policy of recurring crises. This has worried some forces that do not see a solution to these issues in their best interest."

Al-Azzawi explained that "Al-Sudani is making clear strides toward removing the outstanding issues," noting that "an expanded technical meeting is expected to be held in Baghdad, with the attendance of an official delegation from the region, to discuss a number of outstanding issues, including the push for the enactment of an oil and gas law, which would end many crises and open the door to radical solutions regarding the disputed areas and Article 140 of the constitution."

The political researcher emphasized that "leaving these issues unresolved threatens the political stability Iraq currently enjoys, especially in light of the complex regional circumstances," asserting that "inciting conflicts at this time only serves narrow agendas, while citizens today need services and development, not escalation and conflict."

Al-Azzawi pointed out that "there are multiple internal parties, some of them from within the Coordination Framework, seeking to obstruct al-Sudani's rapprochement with the Kurds, due to their awareness that the support of Kurdish and Sunni forces puts him in a strong position to secure a second term, something these parties do not desire, as they are working to shuffle the political cards to preserve their own interests."

Observers believe that since assuming the premiership in October 2022, Prime Minister Mohammed Shia al-Sudani has sought to adopt a comprehensive de-escalation policy and prioritize dialogue to resolve outstanding issues, particularly between the federal government in Baghdad and the Kurdistan Regional Government.

 His first official visit was to Erbil, a clear indication of his desire to open a new page with the region.

During his tenure, Al-Sudani focused on thorny issues such as the oil and gas law, disputed territories, and the implementation of Article 140 of the constitution. These issues have been a source of tension between the two sides for years.

As the local elections approach and talk escalates about the possibility of renewing al-Sudani's term for a second term, a counter-political movement has begun to emerge, seeking to undermine this process by re-escalating tensions with the region and raising contentious issues as part of the power struggle between political forces within and outside the Coordination Framework.  link

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Tishwash:  US calls on Baghdad to negotiate quickly: Iraq's independence from Iranian influence comes through Kurdistan's gas

The US State Department considered, on Thursday, that the recent agreements concluded by the Kurdistan Regional Government with American companies to develop natural gas production constitute an important step towards addressing the chronic imbalance in the Iraqi energy sector, calling on Baghdad and Erbil to urgently coordinate to accelerate project implementation and enhance Iraq's energy independence.

A ministry official told Shafaq News Agency, "The United States believes that Iraq will be more stable and sovereign by achieving energy independence and distancing itself from Iran's harmful influence."

He added, "The agreements recently signed by Kurdistan Regional Government Prime Minister Masrour Barzani with American companies to expand natural gas production in Iraqi Kurdistan support this goal," noting that "these projects, whether in the region or across the rest of the country, are in the interest of all Iraqis, especially in light of the ongoing electricity crisis."

The US official continued, "We encourage Baghdad and Erbil to work together to begin gas production as soon as possible."

The Kurdistan Regional Government announced the signing of two agreements with American companies HKN Energy and WesternZagros to develop the Miran and Topkhana-Kurdimir fields in Sulaymaniyah Governorate, with a total value estimated at approximately $110 billion, in one of the largest deals in the region's energy sector.

The agreements aim to exploit natural gas resources more widely to meet the region's and Iraq's electricity needs and reduce reliance on Iranian gas imports.

The move sparked protests from the federal government in Baghdad, with the Iraqi Oil Ministry describing the agreements as "null and void," noting that natural resource management falls solely within the purview of the federal government.

Investment efforts in Iraq's energy sector face recurring legal and political challenges, given the absence of a federal law regulating the management of natural resources between the central government and the region.

The energy crisis is one of the most significant challenges facing Iraq, with most of the population suffering from frequent power outages, which worsen during the summer months. Iraq relies heavily on gas imported from Iran, at a time when supplies are affected by political and economic factors, most notably regional tensions and mounting debt issues.

Relations between Baghdad and Kurdistan have recently become strained, particularly after the signing of the gas contract with Washington. The Iraqi Ministry of Finance announced it would halt funding for the salaries of Kurdistan Region employees until May 2025, citing the region's exceeding its budget share and its failure to deliver oil and non-oil revenues to the federal government.

In contrast, the Kurdistan Regional Government (KRG) considered the decision politically motivated and a violation of the constitution and Federal Court rulings. The KRG asserted that Baghdad had failed to honor its financial commitments despite Erbil's previous commitments, and that the decision directly impacts more than 1.2 million employees ahead of Eid al-Adha.  link

Mot:  .. Good Grief!!! – LOL 

Mot: Say!!! -- Are U Up to Speed on Ur ""ABCs""

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 6-5-25

Good Afternoon Dinar Recaps,

RWA Token Market Grows 260% in 2025 as Firms Embrace Regulating Crypto

RWAs are benefiting from increasing U.S. crypto regulatory clarity, which has pushed the tokenization sector past $23 billion.

The tokenization of real-world assets (RWAs) surged in the first half of 2025 as increased regulatory clarity fueled broader adoption of blockchain-based financial products.

Real-world asset tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities for these assets.

The RWA market surged more than 260% during the first half of 2025, surpassing $23 billion in total valuation. It stood at just $8.6 billion at the beginning of the year, according to a Binance Research report shared with Cointelegraph.

Tokenized private credit led the RWA market boom, accounting for about 58% of the market share, followed by tokenized U.S. Treasury debt at 34%.

“As regulatory frameworks become clearer, the sector is poised for continued growth and increased participation from major industry players,” the report said.

Although RWAs currently lack a dedicated regulatory framework and are considered securities by the U.S. Securities and Exchange Commission (SEC), the sector is still benefiting from broader regulatory developments in crypto.

On May 29, the SEC issued new guidance on cryptocurrency staking, a move widely interpreted as a sign of “more sensible regulation.” Alison Mangiero, head of staking policy at the Crypto Council for Innovation, called the guidance a “significant win” for the industry.

The market is also awaiting a full Senate vote on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which seeks to establish clear rules for stablecoin collateralization.

Other analysts cited Bitcoin’s temporary price consolidations as a major driver for RWA growth, positioning the sector as a safer investment option with more predictable yields.

Corporate FOMO Fuels Bitcoin Balance Sheets

A renewed corporate “FOMO” — fear of missing out — is inspiring more companies to adopt Bitcoin on their balance sheets.

As of now, at least 124 public companies hold Bitcoin as part of their corporate treasury, according to data from BitcoinTreasuries.NET.

While the summer may typically slow crypto activity, Binance Research noted that broader macro conditions and regulation will dictate the speed of future corporate adoption. They explained:

“Corporate BTC adoption is driven by long-term balance sheet strategy, treasury diversification and capital-raising activity.”

Long-term perspectives — not short-term liquidity or seasonal trends — are expected to continue shaping how and when corporations move to integrate Bitcoin into their financial frameworks.

@ Newshounds News™
Source:  Cointelegraph

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BRICS vs G7: Who Is Richer in 2025?

BRICS is competing with G7 to take on the monetary world and influence trade policies to its benefit. The alliance is a towering figure in the global markets threatening the global financial order. The ultimate goal is to tilt the power from the West to the East and usher the world into a new financial order. Now that BRICS is competing with G7 on the international stage, let’s see which alliance is richer in 2025.

Richest Alliance in 2025: G7 or BRICS?

1. Alliance Overview

• BRICS Members (10 countries): Brazil, Russia, India, China, South Africa, Egypt, United Arab Emirates, Ethiopia, Indonesia, and Iran

• Population: 3.5 to 4 billion (40–45% of world)

• Strengths: Natural resources, energy dominance, rising middle class, growth potential

• G7 Members (7 countries): United States, Canada, France, Germany, Italy, Japan, and the United Kingdom

• Population: 800 million (10% of world)

• Strengths: Wealth, controls global financial institutions, wider financial influence, technological supremacy

2. Economic Comparison in 2025

• BRICS:

• Nominal GDP: $30–32 trillion

• GDP in Purchasing Power Parity (PPP): $60–65 trillion

• Global GDP Share: 30% (Nominal), 35% (PPP)

• G7:

• Nominal GDP: $45–50 trillion

• GDP (PPP): $45–47 trillion

• Global GDP Share: 45% (Nominal), 30% (PPP)

3. Final Verdict: So Who Is Richer?

The final verdict goes to G7 and not the BRICS alliance, as the Western bloc remains richer in traditional economic terms. It is an economic superblock with real-world financial leverage that can make or break global markets. The G7 controls global banking and financial institutions worth trillions of dollars, with higher per-capita wealth and global geopolitical dominance.

On the other hand, BRICS is rising in power but still lacks per-capita wealth and is struggling to gain cohesive global influence. The alliance is also divided on internal policies, while the G7 remains a closely knit, coordinated economic force.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

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Investors are Betting on a US Default

Investors are Betting on a US Default

Heresy Financial:   6-4-2025

The US debt ceiling has once again been breached, reigniting anxieties about the nation’s fiscal stability. While many dismiss the possibility of a US default, a growing number of investors are taking the threat seriously, re-evaluating their strategies and exploring hedges against potential economic turmoil.

Heresy Financial recently highlighted the reasons behind this rising concern, suggesting that a US default, while still unlikely, isn’t entirely off the table.

The recurring drama surrounding the US debt ceiling, the legal limit on the total amount of money the US government can borrow, is nothing new. However, each time the ceiling is approached, it serves as a stark reminder of the nation’s mounting debt obligations and the potential for political gridlock to trigger a crisis.

While historically, the US has always found a way to raise the debt ceiling, the current political climate and the sheer magnitude of the national debt are fueling skepticism. The government’s ability to navigate these challenges hinges on bipartisan cooperation, a commodity in increasingly short supply.

Historically, US Treasury bonds have been considered the safest investment in the world. However, the constant debt ceiling debates and the accelerating pace of debt accumulation are eroding the confidence of foreign investors. This waning confidence could lead to decreased demand for US debt, potentially driving up interest rates and exacerbating the problem.

A US default doesn’t necessarily mean the government will be unable to pay its bills entirely. More likely, it would manifest as delays in payments to bondholders, social security recipients, government employees, and contractors. The ripple effects would be devastating, potentially triggering a global recession, disrupting financial markets, and severely damaging the US’s reputation as a reliable economic partner.

One of the most concerning trends is the rate at which US Treasury debt is growing compared to the nation’s GDP. When debt grows faster than the economy, it becomes increasingly difficult to service the debt without imposing significant burdens on future generations.

As interest rates rise, the cost of servicing the US debt becomes increasingly burdensome. A significant portion of the federal budget is already allocated to interest payments, and this figure is projected to grow substantially in the coming years. This puts a strain on other vital government programs and limits the government’s ability to invest in future economic growth.

Throughout history, gold has often served as a safe haven during periods of economic uncertainty and debt crises. As a tangible asset with limited supply, gold tends to hold its value when currencies depreciate and other investments lose their appeal. Many investors are increasingly turning to gold as a hedge against the potential fallout from a US default.

History is replete with examples of government defaults, from ancient Rome to modern-day Argentina. These defaults serve as cautionary tales, highlighting the severe economic and social consequences that can result from unchecked debt and unsustainable fiscal policies. Understanding these historical precedents can help investors better assess the risks associated with a potential US default.

While a US default remains a low-probability event, the growing concerns surrounding the national debt and the political landscape are prompting investors to re-evaluate their risk assessments and consider strategies to protect their portfolios.

By understanding the underlying risks and learning from history, investors can better navigate the uncertainties and position themselves to weather any potential economic storms on the horizon. The key takeaway is not to panic, but to be prepared and proactive in managing risk in an increasingly complex global financial environment.

https://youtu.be/s77jl6p24OE