Seeds of Wisdom RV and Economics Updates Sunday Afternoon 5-31-26

Good Afternoon Dinar Recaps,

Banking Industry Pushes Back as Crypto CLARITY Act Faces Growing Resistance

A major battle between traditional banking and the digital asset industry could shape the future structure of U.S. financial markets.

Overview

The debate over cryptocurrency regulation intensified as JPMorgan Chase CEO Jamie Dimon publicly vowed that banks will continue fighting against the Digital Asset Market CLARITY Act. While the crypto industry views the legislation as a critical step toward regulatory certainty, traditional banks argue the bill would create an uneven playing field by allowing crypto firms to offer services without complying with the same rules and capital requirements imposed on banks.

Key Developments

1. JPMorgan CEO Signals Continued Banking Opposition

Jamie Dimon stated that the banking industry intends to continue opposing the current version of the CLARITY Act. He argues that the legislation would permit certain crypto companies to offer interest-bearing products while avoiding many of the regulatory obligations that banks must follow.

2. Debate Centers on Regulatory Fairness

According to Dimon, crypto service providers are not currently subject to the same Bank Secrecy Act (BSA) requirements, anti-money laundering standards, sanctions compliance rules, and capital reserve mandates that govern federally regulated banks. Banking groups contend that equal services should require equal regulatory oversight.

3. CLARITY Act Advances but Faces Political Hurdles

The legislation recently advanced through the Senate Banking Committee, fueling optimism within the digital asset industry. However, the bill must still pass both chambers of Congress and receive President Trump's signature before becoming law, leaving significant legislative hurdles ahead.

4. Crypto Industry Sees Bill as Path to Mainstream Adoption

Supporters argue the CLARITY Act would provide long-awaited regulatory clarity, encourage innovation, and accelerate institutional adoption of digital assets. The proposal has become one of the most closely watched cryptocurrency bills in Washington due to its potential impact on market structure and investor participation.

Why It Matters

The battle over the CLARITY Act represents more than a disagreement over cryptocurrency regulation. It highlights a broader struggle between traditional financial institutions and emerging blockchain-based financial systems, both competing for influence over the future of money and financial services.

Why It Matters to Foreign Currency Holders

• Increased regulatory clarity could accelerate institutional participation in digital assets.

• Growing competition between banks and crypto firms may reshape payment and settlement systems.

• Regulatory outcomes could influence the future role of tokenized assets in global finance.

Implications for the Global Reset

• Pillar 1: Financial System Modernization

The CLARITY Act debate reflects growing pressure to modernize regulatory frameworks as digital assets become increasingly integrated into mainstream finance.

• Pillar 2: Competition Between Legacy and Digital Finance

Traditional banks and blockchain-based platforms are increasingly competing for control of financial services, payments, deposits, and investment products. The outcome could influence how future financial systems are structured.

Closing Insight

The fight over the CLARITY Act underscores the growing tension between established banking institutions and the rapidly evolving digital asset sector. Regardless of the bill's ultimate fate, the debate demonstrates that cryptocurrency is no longer operating on the fringes of finance—it is becoming part of the mainstream policy conversation.

This is not just a regulatory battle — it's a contest over who will help define the future architecture of global finance.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Cointelegraph — "JPMorgan CEO Says Banks Will Continue Fighting Against CLARITY Bill"

• U.S. Senate Banking Committee — "Committee Advances Digital Asset Market Clarity Act"

~~~~~~~~~~

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The file of Iraqi funds in the US Federal Reserve: From occupation to temporary immunity

TNT:

Tishwash:The file of Iraqi funds in the US Federal Reserve: From occupation to temporary immunity

The issue of Iraqi funds deposited in accounts at the US Federal Reserve is one of the most complex financial files in Iraq's modern financial history.

These funds are linked to a series of UN resolutions and international sanctions that have shaped the Iraqi economy since the former regime's invasion of Kuwait on August 2, 1990, to the present day.

Resolution (1483) Legal and Economic Framework

UN Security Council Resolution 1483, adopted unanimously on May 22, 2003, established the legal and economic framework for managing Iraqi oil revenues following the US-led invasion of Iraq on April 9, 2003. The resolution was adopted under Chapter VII of the UN Charter, giving it international legal force. Its key features include:

 - Recognition of the occupying power: The resolution explicitly recognized the United States and its allies as occupying powers under a unified command called the “Coalition Provisional Authority,” and obliged them to act in accordance with the United Nations Charter and international law, particularly the 1949 Geneva Conventions, to guarantee the rights of the Iraqi people.

 Lifting the sanctions: The resolution ended the international isolation imposed on Iraq since 1990 under Resolution 661 and subsequent resolutions, as the Security Council lifted all financial and trade sanctions except for the ban on the sale of weapons and military equipment.

New financial resource management mechanisms

For managing financial resources, the decision stipulated the following:

1. Establishment of the Development Fund for Iraq (DFI): The fund was established and placed under the custody of the Central Bank of Iraq. It was allocated to collect oil export revenues, frozen assets of the former regime that the resolution mandated member states to transfer to it, and the surplus from the Oil-for-Food Program. The stated objective was to use these funds to meet humanitarian needs and for reconstruction. The disbursement mechanism was directed by the Coalition Provisional Authority in consultation with the Iraqi Interim Administration. To ensure transparency, the International Advisory and Monitoring Board (IAMB) was established, comprising representatives of the UN Secretary-General, the International Monetary Fund, the World Bank, and the Arab Fund for Economic and Social Development. This board approved independent auditors to ensure that oil sales and disbursements were conducted in accordance with international best practices.

 2. Management of oil revenues: The resolution mandated that all oil sales revenues be deposited into this fund, with 5% of them being deducted for the benefit of the compensation fund established under Resolution 687 to compensate those affected by the invasion of Kuwait.

 3. Spending of funds: The resolution specified the need to use the Fund’s money transparently to meet humanitarian needs, rebuild the economy, repair infrastructure, cover the costs of civil administration, and disarmament.

 4. Termination of the “Oil-for-Food” program: The decision stipulated the gradual termination of the program within six months, and the immediate transfer of $1 billion of unrelated funds to the Development Fund for Iraq.

Resolution 1483 provided the legal cover under which the Coalition Provisional Authority exercised its influence and charted a course for channeling financial assets and oil revenues into reconstruction efforts. While it lifted sanctions, it placed Iraqi financial resources under international oversight and granted the Coalition Provisional Authority broad powers.

Executive Order 13303 and American protection

In conjunction with Resolution 1483, US President George Bush issued Executive Order 13303 on May 22, 2003, to provide broad legal protection for the Fund’s money and oil revenues from any international prosecution or seizure, to ensure the continuation of reconstruction.

Practical implementation: Regulation No. 2 of 2003

The practical implementation of the requirements of Resolution 1483 was carried out by the regulations issued by the Coalition Provisional Authority, in particular Regulation No. 2 of 2003. Part Three of it stipulated that the funds of the Development Fund for Iraq be kept in an account opened with the Federal Reserve Bank of the United States in New York in the name of “Central Bank of Iraq / Development Fund for Iraq Account”.

Although the regulations granted the Coalition Provisional Authority (CPA) administrator, Paul Bremer, the authority to direct the opening of accounts at other financial institutions, the primary and sole account was opened at the U.S. Federal Reserve Bank. The bank, acting on CPA directives, transferred 95% of oil revenues to the fund's account and 5% to a compensation account.

End of the Development Fund for Iraq (DFI)

Pursuant to Security Council Resolution 1956 of December 15, 2010, adopted at the request of the Iraqi government, the arrangement for depositing oil export revenues into the Development Fund for Iraq was terminated effective June 30, 2011. This ended the mandate of the International Advisory and Monitoring Board (IAMB). Consequently, the management of the funds was transferred entirely to the Iraqi government, but without comprehensive international protection. Iraq became dependent on an annual executive order issued by the US president (such as Executive Order 13303) to provide legal immunity for its funds held abroad against creditor claims.

Current money management: IRAQ2 account

With the original Development Fund for Iraq (IRAQ1) coming to an end in 2010, the management of oil funds moved to a new mechanism:

 1. Existing Bank Accounts (IRAQ2): The Iraqi government has opened an alternative account at the Federal Reserve Bank of New York known as (IRAQ2). All revenues from Iraqi oil sales are deposited into this account and then transferred within 24 hours to the Central Bank of Iraq's account (IRAQ1) to avoid international claims or seizures, as the funds deposited therein are classified as sovereign funds belonging to a central bank.

 2. Mandatory Deposit: Since Iraq prices its oil in dollars, it is obligated to deposit its revenues in the Federal Reserve Bank of New York. Furthermore, the outstanding external debt (approximately $40 billion) prevents Iraq from easily closing these accounts or transferring the funds, as they would be subject to immediate seizure by creditors once removed from the US protection umbrella.

 3. Memorandum of Understanding: To ensure the continued flow and protection of oil funds, a memorandum of understanding was signed on June 2, 2014, between the Federal Reserve Bank and the Iraqi Ministry of Finance to regulate the operation of the IRAQ2 account, an agreement that still represents the legal basis for depositing Iraqi funds in the United States.

Temporary sovereign immunity 

With the expiration of the international protection provided by the United Nations under Chapter VII, Iraq now relies on sovereign immunity, renewed annually by the US president, for funds deposited in the Federal Reserve, provided these are sovereign funds and not derived from commercial activities. This annual immunity aims to protect Iraq's funds from previous creditors, as there are still outstanding debts estimated at around $40 billion owed to countries both within and outside the Paris Club. There are also concerns that unknown creditors may file lawsuits once the sovereign immunity expires.

The position of the Central Bank of Iraq

The Central Bank of Iraq, represented by its Investment and Foreign Transfers Department, issued an official document addressed to the General Secretariat of the Council of Representatives, explaining the legal and logistical mechanisms adopted for managing Iraqi funds abroad. This document was a response to parliamentary inquiries submitted by MP Adnan al-Jabri.

The bank explained in its letter No. (5/3/1464) dated March 14, 2024, that the legal basis for depositing crude oil revenues into account (IRAQ2) dates back to after the expiration of the extension of the executive order issued by the US President in 2003, as well as after the end of the protection that the United Nations provided to Iraqi funds in 2010.

The central bank also warned that closing accounts at the Federal Reserve would have serious consequences, including:

 A- Exposing Iraq to the risks of international and judicial claims.

 b) Loss of the ability to conduct financial settlements in US dollars due to the lack of sufficient alternative channels.

The path towards permanent sovereign immunity

To secure Iraqi funds, a transition from temporary protection to permanent sovereign immunity is required. This can be achieved by completing the settlement of the remaining Paris Club debt and strengthening relations with major powers (the United States, China, the European Union, Japan, and Russia) to secure their support in protecting Iraqi funds. link

Iraq Economic News and Points To Ponder Sunday Morning 5-31-26

Members of the Parliamentary Integrity Committee: Al-Zidi's steps represent a strong start to combating corruption and recovering state funds

latest news  Sunday,   May 31, 2026    Baghdad - One News      Members of the Parliamentary Integrity Committee praised the measures taken by Prime Minister Ali Faleh al-Zaidi in the fight against corruption, considering that the formation of the Sovereign Council for Integrity and Recovery of Funds and the start of reviewing government contracts represent a strong start in the path of reform and holding those involved in wasting public money accountable. 

Members of the committee affirmed that the recent steps reflect a serious political will to open major corruption files and review contracts concluded during the past years, in order to protect public funds and recover wasted money for the state treasury. 

They pointed out that the government campaign has entered the practical implementation phase by activating oversight and legal procedures against a number of files that are subject to audit, stressing that the next phase may witness the taking of more judicial and administrative measures against those involved in corruption cases in accordance with the law. 

The committee members added that the success of these efforts requires continued coordination between the government, the judiciary, and oversight bodies to ensure that no entity or individual involved in corruption cases escapes legal accountability. 

https://1news-iq.net/أعضاء-بلجنة-النزاهة-النيابية-خطوات-ال/

New Iraq Anti-Corruption Council Is ‘Illegal’, MP Warns

2026-05-31 04:45  Shafaq News- Baghdad   The new anti-corruption council formed by Iraqi Prime Minister Ali Al-Zaidi violates constitutional provisions governing the country's independent watchdog bodies, lawmaker Mohammad Jasem Al-Khafaji said on Sunday. 

A day earlier, Al-Zaidi ordered the formation of the Supreme Sovereign Council for Integrity, Oversight, and Recovery of Public Funds, which he will chair alongside the heads of the Federal Integrity Commission and the Federal Board of Supreme Audit. According to a statement from the Prime Minister's Office, the council will oversee ministries, provincial governments and other state institutions on major issues affecting public finances, with the aim of preventing waste of public funds, recovering state assets and referring findings to the judiciary. 

However, Al-Khafaji, an MP from the Ishraqat Kanoon bloc that holds eight seats in parliament, argued that the two bodies are tasked with overseeing the executive branch and investigating corruption and waste of public funds, including within government ministries and the prime minister's office itself. 

"How can the prime minister be the head of their council?" he asked, describing the move as a "clear constitutional and legal violation." The lawmaker urged the government to strengthen oversight institutions by nominating qualified candidates to lead them and submitting those nominations to Parliament for approval, rather than continuing to rely on acting officials. 

He further called on the government to work through existing legislation governing the Integrity Commission and the Federal Board of Supreme Audit instead of establishing “illegal councils." 

Al-Zaidi, according to his government’s pledge, is pursuing a broader anti-corruption campaign focused on strengthening financial oversight, reviewing major government contracts and recovering public funds. 

On Saturday, he also directed the new council to assess the economic viability of government projects and establish specialized committees to review public contracts and ensure compliance with existing laws and regulations.

Read more: What does Iraq's new government promise? A guide to Ali Al-Zaidi's ministerial program

https://shafaq.com/en/Iraq/New-Iraq-anti-corruption-council-is-illegal-MP-warns

Al-Sudani To The Elders Of The Al-Shaab Area: The Relationship With The Tribes Is Permanent And Represents An Extension Of A Steadfast Path In Serving The Nation - 5/30/2026

Baghdad - One News     5/30/2026  The head of the Reconstruction and Development Coalition, Mohammed Shia Al-Sudani, received a group of sheikhs and dignitaries from the Al-Shaab area in Baghdad. During the meeting, the general situation was reviewed, and the role of the tribes in maintaining civil peace and supporting the state’s progress was emphasized. 

Al-Sudani affirmed that the relationship with the tribes is long-standing, enduring, and constantly renewed, representing a continuation of a consistent commitment to serving national causes. He explained that the tribes' support and ongoing coordination were key factors in the success of previous government initiatives. 

He called for supporting the current government in confronting present challenges and backing its efforts and those of its ministers, expressing his gratitude to all who have supported the state and government since 2003.  

https://1news-iq.net/السوداني-لوجهاء-منطقة-الشعب-العلاقة-م/

Middle East: Al-Zaydi Is Expected To Make Major Changes Affecting The Popular Mobilization Forces As Part Of Steps To Restrict Weapons To The State

latest news  Sunday,May 31, 2026  Baghdad - One News   Asharq Al-Awsat newspaper reported that Iraq may witness steps in the coming period related to the issue of restricting weapons to the state, in conjunction with the completion of the plan to disband and integrate the Peace Brigades. 

The newspaper added that the anticipated moves include the handover of weapons by a number of armed factions, as part of a process aimed at disarming heavy and medium weapons and restructuring the Popular Mobilization Forces. 

She noted that these measures coincide with expected changes in some sensitive security agencies, which may include the intelligence service, as part of broader arrangements related to the country's security system. 

The issue of restricting weapons to the state is one of the most complex and sensitive issues in Iraq, given its overlap with security, political and institutional dimensions, at a time when the government is seeking to strengthen state authority and consolidate its monopoly on the use of armed force.  https://1news-iq.net/الشرق-الأوسط-من-المتوقع-أن-يجري-الزيدي/

Al-Sadr's Disarmament Move Reached US, Aimed At Easing Pressure On Iraq

2026-05-31 / 04:14   Shafaq News- Baghdad   Muqtada Al-Sadr's decision to dissolve ties with Saraya Al-Salam, the armed wing of his Patriotic Shiite Movement (PSM), was conveyed to Washington, political analyst Rafid Al-Atwani told Shafaq News on Sunday, describing the move as an effort by Al-Sadr to ease pressure on the Iraqi government amid mounting international scrutiny of armed groups. 

Al-Atwani, who is close to the PSM, argued that armed groups such as the Mahdi Army, founded by al-Sadr in 2003, emerged during the years of the US military presence in Iraq, while the current government has adopted a policy of restricting weapons to state institutions. 

Al-Sadr, according to Al-Atwani, had previously sought to integrate Saraya Al-Salam members into Iraq's security institutions, but successive governments rejected the proposal and maintained the presence of armed factions outside official structures. 

Saraya Al-Salam currently operates through three brigades within the Popular Mobilization Forces (PMF), a predominantly Shiite umbrella force incorporated into the Iraqi state in 2016. However, he suggested that the group's members could eventually be withdrawn from the PMF and integrated into another security institution, possibly the Federal Police, citing Al-Sadr's longstanding reservations about the PMF's leadership and some of its factions. 

He noted that around 400 Saraya Al-Salam members remain outside the PMF structure and would require separate legal and financial arrangements, while some personnel could eventually be transferred to Al-Bunyan Al-Marsous, a civil organization affiliated with Al-Sadr. 

The Shiite cleric's latest move, the analyst added, differs from previous suspensions or dissolutions of armed groups linked to the movement, noting that Al-Sadr took the decision to “keep the country away from the threat of military strikes or sanctions.” 

Asked whether a new armed formation linked to the movement could emerge in the future, Al-Atwani said it was too early to tell. "Any new formation will depend on the circumstances Iraq faces in the future," he remarked. 

On May 27, Al-Sadr announced the formal separation of Saraya Al-Salam from the PSM, stating that its members would join state institutions "in the national interest." 

Prime Minister Ali Al-Zaidi, who has made state control over weapons a central pledge of his government program, and representatives of Al-Sadr had agreed on a mechanism to integrate the group into Iraq's security forces and transfer its weapons to the state, forming a committee to oversee the implementation process. 

Read more: Ali Al-Zaidi's incomplete cabinet faces Iraqi armed factions test

The broader government plan is widely viewed as extending beyond Saraya Al-Salam to factions operating under the "Islamic Resistance in Iraq" umbrella, including Kataib Hezbollah, Asaib Ahl al-Haq, Kataib Sayyed al-Shuhadaa, and Harakat al-Nujaba. Although many of these groups are formally part of the PMF, they continue to maintain separate command structures and weapons networks outside direct government control. 

Washington has increased pressure on Baghdad, linking support for the Iraqi government to limiting the role of armed factions within state institutions and their disarmament. 

A source previously told Shafaq News that Iraq's Shiite Coordination Framework (CF), the country's main ruling coalition that includes parties linked to armed factions, is expected to discuss Al-Sadr's decision, the future of the PMF, and broader efforts to place weapons under state control during a meeting with Prime Minister Ali Al-Zaidi in the coming days. 

https://shafaq.com/en/Iraq/Al-Sadr-s-disarmament-move-reached-US-aimed-at-easing-pressure-on-Iraq

Baghdad Advances Roadmap For Armed Faction Integration - 5/30/2026

2026-05-30 Shafaq News- Baghdad   Iraqi Prime Minister Ali Al-Zaidi is preparing to launch the next phase of efforts to bring armed factions under state control, with a high-level meeting planned to set a timetable for disarmament, integration of fighters into official institutions, and the dismantling of faction-controlled sites, a government source told Shafaq News on Saturday. 

The process will be carried out in three stages. The first stage involves identifying and documenting sites belonging to each faction or movement, followed by the assessment and handover of weapons according to a defined timetable. The third stage focuses on integrating faction members into the state institutions or the Popular Mobilization Forces (PMF). 

According to the source, the integration process will be overseen by joint committees composed of representatives from the participating factions, relevant ministries, and security and military institutions under the supervision of the commander-in-chief of the armed forces. 

Earlier this week, a committee formed by Patriotic Shiite Movement (PSM) leader Muqtada Al-Sadr convened its first meeting to oversee the formal full separation of Saraya Al-Salam from the movement and begin implementing the measures required under Al-Sadr’s one-week deadline. 

Most of Iraq’s current armed groups emerged after the 2003 US-led invasion and expanded significantly following ISIS' takeover of large parts of Iraq in 2014. 

The issue has also drawn growing international attention, particularly from the United States, which has linked support for the Iraqi government to reducing the influence of armed factions within state institutions. 

Reports indicate that Washington opposes the participation of armed factions in government unless they are disarmed and has also called for ending government funding for some formations, adding pressure to Iraq’s already complex political landscape.

Read more: After Al-Sadr’s decision, is Iraq closer to restricting weapons to the state?

https://shafaq.com/en/Iraq/Baghdad-advances-roadmap-for-armed-faction-integration

Seeds of Wisdom RV and Economics Updates Sunday Morning 5-31-26

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China Accelerates Digital Yuan Expansion in Bid to Reshape Global Finance

Beijing is intensifying efforts to expand the digital yuan domestically and internationally as it seeks greater influence in the future of cross-border payments.

Overview

China is significantly expanding the use of its digital yuan (e-CNY) through new banking initiatives, government programs, and international payment projects. The effort reflects Beijing’s broader objective of strengthening financial independence, reducing reliance on Western-controlled payment systems, and increasing the global role of its currency in international trade.

Key Developments

1. China Expands Digital Yuan Adoption Across Multiple Sectors

The People’s Bank of China (PBOC) is encouraging banks to increase digital yuan usage through government spending programs, green energy payments, salary distributions, healthcare reimbursements, and other public-sector transactions. These initiatives are designed to build a larger domestic user base and strengthen the digital currency ecosystem.

2. International Trade Becomes a Major Focus

China is promoting the digital yuan for use in cross-border transactions, particularly among countries participating in the Belt and Road Initiative. Financial institutions are developing compatible products such as loans, trade financing tools, and letters of credit to facilitate broader international adoption.

3. Digital Yuan Supports China's De-Dollarization Strategy

Analysts believe the expansion reflects China's desire to reduce dependence on a global financial system heavily influenced by the U.S. dollar. Recent geopolitical tensions and sanctions-related concerns have reinforced Beijing’s interest in creating alternative payment channels and settlement mechanisms.

4. New Incentives Aim to Increase Usage

The PBOC has introduced additional incentives, including allowing interest to be earned on digital yuan holdings and authorizing more banks to participate in the system. Authorities are also exploring smart-contract functionality to automate payments and improve efficiency across supply chains and government programs.

Why It Matters

The digital yuan represents one of the most advanced central bank digital currency (CBDC) projects in the world. If adoption expands significantly, it could gradually influence how international trade settlements, cross-border payments, and financial transactions are conducted.

Why It Matters to Foreign Currency Holders

• Growing use of digital currencies could reshape future payment networks.

• Increased de-dollarization efforts may encourage greater currency diversification.

• Alternative settlement systems could gradually reduce dependence on traditional banking channels.

Implications for the Global Reset

• Pillar 1: Evolution of Digital Currency Infrastructure

China's investment in digital currency technology highlights the growing importance of CBDCs in the future global financial landscape.

• Pillar 2: Alternative Cross-Border Settlement Systems

Efforts to expand digital yuan usage internationally demonstrate how nations are increasingly seeking payment systems that operate outside traditional Western-dominated financial networks.

Closing Insight

While the digital yuan still faces significant adoption challenges, China’s continued investment signals a long-term commitment to building an alternative financial infrastructure. The initiative reflects a broader global trend toward digital currencies, faster settlement systems, and greater competition in international finance.

This is not just a currency upgrade — it’s a strategic effort to influence the future architecture of global payments and trade.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "China Expands Digital Yuan Push"

• Reuters — "China pushes digital yuan adoption at home and abroad"

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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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The Dollar isn’t Different, it’s Just Next

The Dollar isn’t Different, it’s Just Next

Taylor Kenny:  5-29-2026

 In the world of high finance, few terms carry as much weight—or as much misunderstanding—as the “Currency Reset.” To the uninitiated, it sounds like a plot from a dystopian novel. To the seasoned analyst, it is a mathematical inevitability.

In a recent, high-stakes conversation, Taylor Kenney sat down with Fernando Grijalva, a senior analyst at ITM Trading with decades of experience in international trade. Grijalva isn’t just a theorist; he has witnessed currency resets firsthand, including the Mexican peso crisis of the 1990s.

Their discussion serves as both a warning and a roadmap for navigating what could be the most significant economic shift of our lifetime. Here are the key takeaways from their in-depth dialogue.

The first misconception Fernando Grijalva addresses is that a currency reset means the total collapse of society. In reality, a reset is a restructuring of currency and debt systems.

When a government’s debt becomes unsustainable and its currency loses purchasing power to the point of instability, the “rules of the game” are changed. This often involves the introduction of a new currency or a dramatic revaluation of the existing one. The catch? These resets are almost always unannounced. Governments do not give the public a “head start” to protect their assets; the change happens overnight.

According to Grijalva, a reset doesn’t happen in a vacuum. It is preceded by distinct “symptoms” that signal the end of a cycle. Currently, the United States and the global economy are flashing several red flags.

History shows that reserve currencies—the “global standards”—typically have a lifespan of roughly 80 to 100 years. The U.S. dollar has enjoyed this status since the mid-20th century, but that dominance is fading.

We are currently seeing the rise of the BRICS nations (Brazil, Russia, India, China, and South Africa), who are increasingly settling trades in their own currencies rather than the dollar. As the world moves toward a multipolar financial system, the dollar’s “exorbitant privilege” is diminishing, making a domestic currency reset more likely.

If the “paper” system is being restructured, where should wealth reside? Fernando stresses that physical gold remains the premier asset for a reset scenario for several reasons.

Grijalva specifically warns against “paper gold” or ETFs. During a true currency reset, counterparty defaults are common. If you don’t hold the physical metal, you may find yourself holding a worthless contract during a period of capital controls.

While a reset can be devastating for those holding cash or dollar-denominated debt (like bonds), it can be a massive opportunity for those positioned correctly.

Grijalva points to historical examples in Mexico and Venezuela. In every crisis, there is a transfer of wealth. Those who held hard assets before the reset saw their purchasing power skyrocket relative to the new currency, allowing them to acquire real estate and businesses for pennies on the dollar. This is how generational wealth is built during times of chaos.

The most critical takeaway from Grijalva and Kenney’s conversation is that you cannot “time” the market when it comes to a reset. By the time the announcement is made on the news, it is already too late to move your capital.

The goal isn’t to guess the date, but to position yourself now. Positioning means diversifying out of the “debt-based” system and into “value-based” assets like physical gold and silver.

Are you prepared for a shift in the global financial order?

https://www.youtube.com/watch?v=h-iafmtjnhM

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 5-30-26

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Global Energy Investment Realigns as Geopolitical Risks Reshape Economic Priorities

Rising Middle East tensions and growing electricity demand are accelerating a historic shift in global energy investment patterns.

Overview

A new International Energy Agency (IEA) report reveals that countries worldwide are dramatically reshaping their energy investment strategies in response to geopolitical instability, energy security concerns, and surging electricity demand. As uncertainty surrounding the Middle East and the Strait of Hormuz continues, governments and corporations are increasingly prioritizing domestic energy production, grid expansion, and alternative energy sources.

Key Developments

1. Global Energy Investment Expected to Reach $3.4 Trillion

The IEA projects global energy investment will reach a record $3.4 trillion in 2026. Approximately $2.2 trillion is expected to flow into electricity grids, renewable energy, nuclear power, storage systems, low-emission fuels, and efficiency projects, while traditional fossil fuel investments are projected at $1.2 trillion.

2. Energy Security Concerns Drive Strategic Realignment

Recent crises, including Russia's invasion of Ukraine and ongoing tensions affecting the Strait of Hormuz, have prompted nations to rethink their dependence on foreign energy supplies. Many countries are accelerating efforts to develop domestic energy resources and diversify supply chains to reduce geopolitical vulnerabilities.

3. Electricity Infrastructure Becomes the Primary Investment Focus

Electricity-related spending is expected to approach $1.6 trillion in 2026, including nearly $550 billion for power grids and more than $100 billion for battery storage systems. The rapid expansion of artificial intelligence, data centers, and digital infrastructure is significantly increasing electricity demand worldwide.

4. Nuclear and Renewable Energy Continue Expanding

Investment in renewable energy is expected to reach approximately $665 billion, with solar power alone accounting for roughly $365 billion. Nuclear investment is also gaining momentum, exceeding $80 billion globally, as governments seek reliable sources of low-emission electricity.

Why It Matters

Energy has become a central pillar of economic security and financial stability. As nations redirect trillions of dollars toward energy independence and infrastructure modernization, capital flows are increasingly shifting away from traditional energy models and toward long-term strategic resilience.

Why It Matters to Foreign Currency Holders

• Energy-producing nations may gain greater economic influence through enhanced energy security.

• Increased infrastructure spending could impact government borrowing and fiscal policy decisions.

• Shifting energy trade routes may influence global currency flows and international settlement systems.

Implications for the Global Reset

• Pillar 1: Energy Security Becomes National Security

Governments are increasingly treating energy infrastructure as a strategic asset, accelerating investment in domestic production, power grids, and diversified supply chains.

• Pillar 2: Capital Reallocation Reshapes Global Finance

The movement of trillions of dollars toward electricity, renewables, nuclear energy, and storage technologies reflects a broader restructuring of long-term investment priorities that could influence economic power balances for decades.

Closing Insight

The world is entering an era where energy security is becoming inseparable from financial security. The unprecedented scale of investment underway suggests governments are preparing not only for future energy needs but also for a more fragmented and competitive global economic landscape.

This is not just an energy transition — it's a strategic realignment of capital, infrastructure, and economic power.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "Energy Investments Shift as Middle East Tensions Rise"

• International Energy Agency (IEA) — "World Energy Investment 2026"

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Iraq Economic News and Points To Ponder Saturday Afternoon 5-30-26

US Website: The Cost Of The War On Iran Exceeded $95 Billion

Money and Business    Economy News — Follow-up  US spending on the operation against Iran has exceeded $95 billion since it began on February 28, according to data from the Iran War Cost Tracker website, which tracks the costs of the Iranian war.

The website explains that its estimates are based on what was stated in the briefing given by the Pentagon to Congress on March 10, in which it said that Washington spent $11.3 billion in the first six days of fighting in the Middle East, and that it plans to spend an additional $1 billion for each subsequent day of the conflict.

About a month ago, a source told CNN that the cost of the war on Iran so far ranges between $40 billion and $50 billion, without including the costs of rebuilding military facilities and replacing assets.

The US Department of Defense announced in the middle of this month that the cost of the war on Iran has so far reached $29 billion, and could reach $1 trillion when including the cost of replacing ammunition and energy burdens.

According to another website run by researchers at Brown University’s Climate Solutions Lab, which tracks the burden of the war on American consumers due to rising energy prices, the 48.4% increase in gasoline prices and the 51.3% increase in diesel prices over the last 89 days have cost citizens a total of more than $49.5 billion so far, which means about $378.14 per American household. https://www.economy-news.net/content.php?id=69624

The Second Billion... Real Madrid Confirms Its Leadership As The Richest Club In The World

Money and Business    Economy News - Follow-up   Initial estimates revealed that Real Madrid is close to achieving revenues exceeding 1.2 billion euros during the current fiscal year, a record figure for sports clubs worldwide.

Real Madrid already tops Deloitte's list of highest-earning football clubs for the third consecutive season, after finishing last season with a total income of 1.161 billion euros, becoming the first club in history to surpass the one billion euro mark more than once.

Financial reports indicate that Real Madrid’s massive economic growth has been driven by a huge commercial boom, particularly in the sponsorship, marketing and official merchandise rights sectors, along with increased revenues from the Santiago Bernabeu stadium after its redevelopment.

During the 2024-2025 season, Real Madrid generated approximately 594 million euros in commercial revenue alone, an increase of 23% compared to previous seasons, benefiting from the signing of new sponsorship contracts and increased sales of shirts and official club products worldwide.

The Club World Cup also contributed to boosting the club's income, in addition to the high returns from the Champions League, despite the team playing fewer matches in the Spanish King's Cup.

In terms of match revenues, Real Madrid recorded around 233 million euros, making it one of the highest-earning clubs from attendance and matches, benefiting from the new operational capacity of the "Santiago Bernabeu" stadium, which has been transformed into an integrated economic project.

As part of its future plans, the club continued to strengthen its commercial partnerships, renewing its agreement with Emirates Airlines as a major sponsor until 2031, in a deal worth nearly 74 million euros annually.

Real Madrid is also in advanced negotiations with Adidas to extend and expand the current sponsorship contract, as part of a plan to raise the total value of sponsors on the team's shirt to around 300 million euros annually.

This continued financial growth confirms Real Madrid’s ability to maintain its economic superiority despite strong competition from English Premier League clubs and Paris Saint-Germain, especially with the club’s reliance on a balanced investment model that combines sporting success and commercial strength. https://www.economy-news.net/content.php?id=69601

Iran Issues New Warning Regarding The Strait Of Hormuz

Arabic and international    Iran's Khatam al-Anbiya Construction Headquarters announced on Saturday that all ships and oil tankers transiting the Strait of Hormuz are obligated to follow routes designated by Iran and obtain prior authorization from the Islamic Revolutionary Guard Corps Navy.

In a statement, the headquarters said, "Any violation of the regulations governing passage through the Strait of Hormuz will seriously jeopardize the safety of the offending vessels," warning that "any action taken by military vessels to interfere with the management of the strait will make them targets for Iranian forces."

The statement  added that "the Iranian armed forces manage the Strait of Hormuz with full authority and resolve," emphasizing their continued enforcement of regulations concerning navigation in the strategic waterway.

This announcement comes amid escalating security tensions in the region and close international monitoring of maritime traffic and ship transit through the Strait of Hormuz.

The Wall Street Journal reported on Saturday an increase in ship traffic through the Strait of Hormuz, attributing it to "the boldness of ship owners, some of whom are cooperating with the U.S. military."

The American newspaper reported that in recent weeks, groups of ships, some of them among the world's largest oil and liquefied natural gas tankers, have transited this perilous waterway, creating a small lifeline for the global economy.

It noted that some ships sail "in darkness," turning off their lights and navigating without using the Automatic Identification System (AIS), the navigational aids that help prevent collisions. Disabling this system makes it more difficult to track the ships electronically and thus less vulnerable to attack.

To navigate the strait, some vessels remain in contact with US military officials, who use radar, drones, and other tools to monitor maritime traffic and assist in safe passage. https://www.economy-news.net/content.php?id=69682

Qatar Rejects Imposing Permanent Transit Fees On The Strait Of Hormuz

Arabic and international    A Qatari official confirmed that his country rejects imposing permanent transit fees in the Strait of Hormuz due to the impact this would have on consumers, but temporary fees could be imposed for security or technical purposes such as mine removal and securing navigation.

During his participation in the Shangri-La Security Conference in Singapore, Qatar’s Deputy Prime Minister and Minister of State for Defense Affairs, Sheikh Saud bin Abdulrahman Al Thani, explained that Qatar and its Gulf partners believe that any permanent fees for passage through the strait would increase the burden on the end consumer, and therefore oppose their continuous application.

He pointed out that temporary fees related to exceptional circumstances or specific technical and security tasks can be agreed upon, and may contribute to restoring the smooth flow of navigation and ensuring the security of the waterway.

The Qatari official's remarks came in response to inquiries about reports of talks between Iran and Oman regarding the establishment of a permanent fee system aimed at regulating and formalizing the management of ship traffic through the Strait of Hormuz, one of the world's most important maritime trade routes.

The escalation against Iran has effectively disrupted shipping in the Strait of Hormuz, a key waterway for oil and liquefied natural gas supplies from the Gulf states to global markets, and has impacted oil production and export levels in the region. As a result of the strait's closure, most countries around the world have experienced a rise in fuel and industrial product prices.  

https://www.economy-news.net/content.php?id=69679

Twenty-Six Planes Were Unable To Land At Munich Airport In Germany After A Suspected Drone Strike.

Arabic and international    A spokesman for Munich Airport said that the detection of an object suspected to be a drone caused a total of 26 aircraft to be prevented from landing at Germany's second largest airport and diverted to other airports.

The spokesman explained that these planes were diverted to the airports of Stuttgart, Nuremberg, Frankfurt, Linz, Salzburg and Leipzig.

The spokesman added that the planes that had to remain temporarily on the ground at the airport will be able to take off gradually after the resumption of air traffic at the airport, with some delays in the schedules.

He confirmed that the airport was not completely closed due to this incident, noting that during the period when the use of the landing and takeoff runways was suspended, passengers were still able to access the airport, park their cars, complete travel procedures, and pass through security checkpoints.

The airport is experiencing heavy traffic coinciding with the Pentecost holiday, as the spokesperson said: "On this day, approximately 900 flights take off and land, carrying around 120,000 passengers."

Several airports have recently seen repeated reports of objects suspected to be drones being spotted, sometimes leading to the suspension of air traffic at some of these airports.

In early October, two objects believed to be drones were spotted at Munich Airport on two consecutive nights, leading to the suspension of air traffic at the airport twice in a row. Dozens of flights were diverted or canceled, affecting thousands of passengers, some of whom were forced to spend the night on the airport terminal benches.

https://www.economy-news.net/content.php?id=69681

Justice: A Comprehensive Plan To Automate 137 Executive Directorates Across Iraq

Localities   The Ministry of Justice announced on Saturday the completion of electronic automation in several enforcement directorates in Baghdad. It also indicated that a comprehensive plan is being prepared to automate 137 enforcement directorates across Iraq, emphasizing that electronic automation will enhance integrity within these directorates.

Rasti Yousef Hamid, Director General of the Enforcement Department at the Ministry of Justice, stated, "The electronic system has been completed in the enforcement directorates as part of the Ministry of Justice's plan, in cooperation with the General Company for Electronic Systems, a subsidiary of the Ministry of Industry and Minerals.

" He explained that "the project was launched in the Al-Shaab and Al-Doura directorates, followed this week by the Al-Ghazaliya and Al-Kadhimiyah directorates, and will then be rolled out to the remaining directorates in Baghdad, eventually encompassing all of Iraq's directorates."

He added, "The completion of this project represents a major technological revolution in the enforcement directorates. It is not merely a transition from paper-based to electronic processes, but a significant administrative revolution that benefits citizens, clients, and employees alike, as it reduces the effort and time required to complete transactions and expedites their processing."

He explained that "this project is a gateway to integrity and transparency that will open in the implementation directorates after the project is completed," noting that "the ministry has an integrated plan to include all 137 implementation directorates in Baghdad and the governorates in the automation process." https://www.economy-news.net/content.php?id=69673

Saturday Iraq News Posted by Tishwash at TNT

TNT:

Tishwash:  Trump announces lifting of naval blockade in the Strait of Hormuz

 US President Donald Trump announced on Friday the lifting of the naval blockade in the Strait of Hormuz, stressing the need to reopen it immediately to international shipping without any transit fees.

Trump said in press statements, as reported by Shafaq News Agency, that "ships stuck in the strait due to the blockade, which will now be lifted, can begin the process of returning," adding that "the Strait of Hormuz must be opened immediately without transit fees in both directions."

He noted that "all sea mines will be removed if found," explaining that US forces "detonated many of them," while Iran will immediately remove the remainder.

Trump asserted that "ships stuck in the Strait of Hormuz can return home," emphasizing that "Iran must agree that it will never possess a nuclear weapon or bomb."

He pointed out that "the nuclear dust buried deep underground will be extracted in coordination with Iran and the International Atomic Energy Agency."

He concluded that "no money will be exchanged with Iran until further notice," revealing that he would go to the "operations room to make the final decision on this matter."  link

Tishwash:  After the depletion of state-owned banks, the central bank faces the burden of financing.

Economist Mahmoud Dagher gave a briefing on the liquidity crisis facing government banks and its implications for the state’s ability to finance its needs through domestic borrowing, warning of continued financial pressures if the current crisis lasts for an extended period.

Dagher told Al-Jarida that “the low level of liquidity in government banks makes it difficult to resort to them to achieve internal borrowing, which prompted the Ministry of Finance to transfer remittances to the Central Bank for discounting instead of having them discounted by government banks.”

He added that “this measure leads to additional pressure on the debt-backed central bank budget,” indicating that “the continuation of the crisis for a longer period may force the government to look for alternative solutions, foremost among them being reducing public spending and rationalizing expenditures to limit the increasing financial pressures.”  link

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Tishwash:  Washington removes the name of an Iraqi with 12 titles from its sanctions list.

 The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced Thursday evening that it had lifted sanctions on 76 entities and individuals who were on old sanctions lists, including an Iraqi citizen whose name appeared in various forms in the department’s records.

This move came as part of an initiative to modernize the US sanctions system, a trend discussed by Treasury Secretary Scott Bisent during the "No Money for Terror" conference held in the French capital, Paris.

The US Treasury explained in its statement , which was reviewed by Shafaq News Agency, that the review included removing restrictions on deceased individuals, ships that were dismantled or taken out of service, as well as people who were previously classified as part of illicit financial networks that no longer exist, or others who were listed more than a decade ago without sufficient identifying data to continue scrutinizing them.

According to Treasury Department documents, the updated list included a prominent Iraqi citizen named Badran Turki Hishan al-Mazidi, who was born in Mosul, the center of Nineveh Governorate, and is known by the nicknames "Abu Ghadiya" and "Abu Abdullah".

The lifting of restrictions on him came after his name and titles appeared in 12 different forms in previous lists to avoid merging identities.

The list also included the removal of other names and companies belonging to multiple nationalities, including Colombia, Algeria, Mexico, the Philippines, Burma and Germany. link

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Tishwash:  Government advisor: The 2026 budget will be a “crisis management budget”

The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, warned of the challenges that may face in preparing the general budget for 2026, in light of the escalating geopolitical tensions in the Gulf region, describing the anticipated budget as being closer to a “crisis management budget” than to a budget for economic expansion or long-term development.

Saleh said, in a statement followed by (Al-Mada), that the escalating crisis in the Strait of Hormuz puts Iraq before a double challenge, which is to ensure the continuation of internal financial stability, in conjunction with protecting its oil exports, which constitute the main source of public revenues.

He explained that the budget “is no longer just an accounting document or tables of numbers,” but has become a reflection of the nature of the rentier Iraqi economy and the extent of the state’s ability to manage its resources amid a turbulent regional environment.

He indicated that the government would most likely move towards preparing a more conservative budget based on cautious oil assumptions, focusing on reducing unnecessary spending and rearranging priorities towards protecting salaries, pensions, social welfare and basic services.

He added that any disruption to oil exports through the Gulf would put direct pressure on Iraq’s financial and monetary stability, given the country’s almost complete dependence on oil revenues to finance operational and investment spending.

In contrast, Saleh pointed out that geopolitical crises may lead to a rise in global oil prices, which may give Iraq a temporary financial reprieve that alleviates the severity of the deficit and helps to pass the budget without an immediate financial crisis, provided that revenues are managed efficiently, waste is reduced, and the efficiency of public spending is increased.

He stressed that continuing to work according to the amended Federal Financial Management Law No. 6 of 2019 remains an option if the budget is delayed due to continued regional uncertainty.

Saleh concluded by saying that the real challenge lies not in the budget legislation itself, but in the state’s ability to ensure the sustainability of funding in an economy that is almost entirely dependent on oil, calling for dealing with the 2026 budget with “economic rationality and financial realism” away from emergency spending and ill-considered policies.  link

Tishwash:  Government advisor: The 2026 budget will focus on reducing unnecessary spending.

The Prime Minister's financial advisor, Mazhar Muhammad Salih, confirmed on Friday that the 2026 budget will focus on reducing unnecessary spending and ensuring funding for vital sectors directly related to citizens' lives.

He also indicated that continuing to operate under the amended Federal Financial Management Law No. (6) of 2019 remains a constitutional and financial option should the budget's approval be delayed.

Salih stated, "In light of the escalating crisis in the Strait of Hormuz, through which the world's oil artery passes amidst anxiety and tension, Iraq finds itself facing a dual challenge: how to successfully enact its 2026 budget amidst regional turmoil that threatens its oil exports, while simultaneously maintaining internal financial stability."

He added, "The budget is no longer merely an accounting document or a set of figures; it has become a political and economic equation reflecting the nature of the Iraqi economy, which is based on oil revenues, and simultaneously revealing the state's ability to manage its financial resources prudently and efficiently in a highly volatile and fragile regional environment."

He added, "Given the escalating geopolitical conflict in the Middle East and the accompanying direct and indirect threats to maritime navigation and energy flows in the Strait of Hormuz, the possibility of enacting Iraq's 2026 budget appears constitutionally and politically viable. However, it will be one of the most sensitive and complex budgets in Iraq's modern financial history due to the intrinsic link between the Iraqi economy and global oil markets."

He pointed out that "Iraq still relies almost entirely on oil revenues to finance salaries, pensions, social welfare, general operating expenses, and investment projects. This makes any disruption to exports through the Gulf a direct pressure on the country's financial and monetary stability." He noted that "the financial authorities are expected to prepare a more conservative budget based on prudent oil assumptions, reducing unnecessary spending and reprioritizing expenditures to protect social spending related to salaries, pensions, social welfare, and basic services, as well as ensuring funding for vital sectors directly impacting citizens' lives and their economic stability."

He explained that "conversely, geopolitical crises often drive up global oil prices, which could provide Iraq with temporary financial relief, mitigating the deficit and offering an opportunity to pass the 2026 budget without a direct financial collapse, especially if the financial administration succeeds in managing oil revenues efficiently, activating export alternatives, reducing financial waste, and increasing the efficiency of public spending."

He stated that "continuing to operate under the amended Federal Financial Management Law No. (6) of 2019 remains a constitutional and financial option if the budget's approval is delayed due to continued uncertainty and tension in the regional landscape."

He pointed out that "the real challenge lies not in the debate surrounding the enactment of the 2026 federal budget law itself, but rather in the ability of public finances to ensure the sustainability of funding amidst a turbulent regional environment and an economy that relies almost exclusively on oil."

He explained that “the 2026 budget, if it is enacted under the current geopolitical climate, appears to be closer to a (crisis management budget) than to a budget for economic expansion or long-term sustainable development, which requires the legislative and executive authorities to deal with it with economic rationality and financial realism, far from containment policies, immediate reactions and ill-considered emergency spending.”  link

Seeds of Wisdom RV and Economics Updates Saturday Morning 5-30-26

Good Morning Dinar Recaps,

Global Debt Concerns and Central Bank Pressures Signal Growing Financial Reset Risks

Rising borrowing costs, expanding debt burdens, and shifting global capital flows are increasing pressure on the existing financial order.

Overview

Today's economic developments highlight growing concerns about the sustainability of the global debt-driven financial system. Investors are increasingly focused on rising sovereign borrowing costs, mounting debt obligations, and the difficult choices facing central banks as they attempt to balance inflation control with economic growth.

Key Developments

1. Global Bond Markets Face Renewed Pressure

Government bond yields remained elevated as investors assessed the long-term implications of expanding fiscal deficits and persistent inflation. Higher yields increase financing costs for governments and place additional strain on heavily indebted economies.

2. Central Banks Confront Difficult Policy Choices

Monetary policymakers continue to face the challenge of maintaining price stability while avoiding a broader economic slowdown. Analysts warn that keeping interest rates elevated for an extended period could expose vulnerabilities across banking, commercial real estate, and private credit markets.

3. Global Debt Levels Remain Near Record Highs

Economists continue to monitor the effects of record debt accumulation across both developed and emerging economies. Rising debt-servicing costs are increasingly consuming government budgets, limiting fiscal flexibility and raising concerns about future financial stability.

4. Investors Increase Focus on Alternative Assets

Growing uncertainty surrounding traditional debt markets has contributed to continued interest in gold, commodities, and other alternative assets. This trend reflects broader concerns about preserving value in an environment characterized by inflation risk and fiscal challenges.

Why It Matters

The modern financial system is built upon confidence in sovereign debt markets, central bank credibility, and economic growth. As debt burdens rise and borrowing becomes more expensive, policymakers may face increasing pressure to implement measures that could reshape monetary and financial frameworks.

Why It Matters to Foreign Currency Holders

• Potential for increased currency volatility as debt pressures mount

• Growing interest in asset diversification and alternative stores of value

• Increased focus on countries with stronger fiscal and monetary positions

Implications for the Global Reset

• Pillar 1: Debt Sustainability Challenges

Governments worldwide are confronting rising financing costs at a time when debt levels remain historically elevated. This dynamic could eventually force difficult decisions regarding taxation, spending, monetary policy, or debt management.

• Pillar 2: Shifting Global Capital Flows

Investors are increasingly evaluating alternatives to traditional sovereign debt investments. Over time, these shifts could influence reserve allocation strategies, trade settlement preferences, and global financial influence.

Closing Insight

Today's developments reinforce a broader trend: the global financial system continues to operate under significant debt-related pressure. While no immediate crisis is evident, the combination of elevated debt, higher interest rates, and changing investor behavior suggests that structural adjustments may become increasingly necessary.

This is not just a debt story — it's a test of how long the global financial system can sustain record borrowing in a higher-rate world.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Global debt concerns persist as borrowing costs remain elevated"

• International Monetary Fund (IMF) — "Global Financial Stability Report"

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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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Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Late Friday Evening 5-29-26

Commander-In-Chief: The Government's Focus On Security Forces Is A Cornerstone For Stability

Iraqi News Agency,    INA - BAGHDAD     5/29/2026   PM and Commander-in-Chief of the Armed Forces, Ali Faleh al-Zaidi, affirmed on Wednesday that the government's focus on security forces is a cornerstone for stability and weapon control.

Al-Zaidi received on Wednesday several military and security commanders from various branches of the security forces, in the presence of the heads of the Intelligence and National Security services, the Chief of Staff of the Army, the Deputy Commander of the Joint Operations, and the undersecretaries of the Ministry of Interior, on the occasion of Eid Al-Adha Al-Mubarak, according to a statement from the PM Media Office, received by the Iraqi News Agency - INA.

The Prime Minister extended his “best wishes to the heroes of the security agencies and formations on the occasion of Eid,” commending their efforts and success in imposing security across all regions of the country and meeting various challenges.

He expressed his pride and appreciation for the significant efforts exerted by the armed forces and the distinguished level they have attained, which enables them to fulfill their national duties and assert their authority in consolidating stability.

The Commander-in-Chief of the Armed Forces stressed the government’s commitment to providing full support to the security forces, which constitute the fundamental pillar of imposing stability and restricting arms in the hands of the state.

“The prosperity Iraq enjoys today would not have been achieved without the sacrifices of the heroic martyrs and wounded, who gave everything to protect the country, preserve its gains, and fulfill the aspirations of the Iraqi people,” he added.

https://ina.iq/en/politics/49079-commander-in-chief-the-governments-focus-on-security-forces-is-a-cornerstone-for-stability.html

PM: Government Determined To Proceed With State-Controlled Weapons Project

Iraqi News Agency,  Friday,29 May 2026   Baghdad - INA       Prime Minister Ali al-Zaidi affirmed on Friday that the government is determined to proceed with the project to restrict weapons to the state.

 The Prime Minister's Media Office stated in a press release received by the Iraqi News Agency (INA): "Prime Minister Ali Falih al-Zaidi received today a group of tribal sheikhs and dignitaries who offered their congratulations on the occasion of Eid al-Adha."

 Al-Zaidi emphasized "his pride in the honorable tribes, which represent a social umbrella providing the state with the best talents and leadership and administrative personnel," noting "the government's commitment to supporting this social entity, which has been a pillar of the Iraqi state since its inception and a defender of it in the most difficult circumstances."

 The Prime Minister stressed that "the government is determined to proceed with the project to restrict weapons to the state, to prevent violations of the rule of law, to combat corruption, to strengthen Iraq's power and sovereignty, and to pursue open regional and international relations for the benefit of Iraq—all principles called for by the Supreme Religious Authority."

https://ina.iq/en/politics/49129-pm-government-determined-to-proceed-with-state-controlled-weapons-project.html

Al-Zaidi: We Are Proceeding With The Project To Restrict Weapons To The State Control

Iraqi News Agency,  Thursday,   5/28/2026 / 19:46   INA–Baghdad   28 May 2026   Prime Minister Ali Faleh al-Zaidi affirmed on Thursday the government’s commitment to proceeding with the project, which has the support of the highest religious authority and stipulates that weapons be exclusively held by the state, and emphasized that the government wants the state to remain the sole entity authorized to possess weapons.

The Prime Minister’s Media Office said in a statement received by the Iraqi News Agency (INA) that “Prime Minister Ali Faleh al-Zaidi hosted a group of tribal sheikhs and dignitaries, exchanging greetings with them on the occasion of Eid al-Adha.”

 “Al-Zaidi noted that tribes are the backbone of the state and its living history. They have played a significant role in resolving issues and problems, as they are the guardians of values and protectors of civil peace. They have been the first line of defense and have contributed to ending many conflicts and calls for division,” according to the statement.

 Al-Zaidi reiterated the government’s commitment to the project, which has the support of the highest religious authority and stipulates that weapons be exclusively held by the state, while he stressed that “the government wants the state to be the sole entity authorized to possess weapons.”

“Al-Zaidi listened to the interventions and opinions of those present and expressed his pleasure at meeting this group of tribal sheikhs,” the statement continued.

“The Council of Tribes is a school for learning authentic values and principles,” Al-Zaidi stressed, calling for “reliance on three pillars: economic commitment, national belonging, and belief in the state,” because “Iraq needs unified voices during this critical stage to move the country forward.”

 Al-Zaidi stressed that “the state alone must possess power; this is a decision, not an option,” emphasizing “the need to prevent the proliferation of weapons and their use in arbitrary practices and tribal conflicts.”

Al-Zaidi noted that Iraq is part of the international community, and we are committed to balanced relations, pointing to “efforts to establish an effective identity for Iraq and move away from centralized economic approaches by attracting international companies to invest.”

 “We will not allow any extortion or obstruction of foreign companies operating in Iraq,” Al-Zaidi added, expressing his hope that “tribal sheikhs will play a greater role in addressing violations and protecting the country and its stability.”

 “Iraq needs moderation in discourse and coexistence to secure the rights of its people,” he concluded.

https://ina.iq/en/politics/49102-al-zaidi-we-are-proceeding-with-the-project-to-restrict-weapons-to-the-state.html

Muqtada Al-Sadr Launches Saraya Al-Salam Handover To State

2026-05-29   Shafaq News- Najaf    A committee appointed by Patriotic Shiite Movement (PSM) leader Muqtada Al-Sadr held its first meeting on Friday to implement the formal separation of its military wing Saraya Al-Salam from the movement,reviewing the procedures required to carry out the decision within the one-week timeframe set by Al-Sadr.

facebookالمكتب الخاص لسماحة السيد مقتدى الصدر

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The Meeting Of The Committee Commissioned By His Eminence Commander Muqtada Al-Sadr (May Allah Be Glorified) About The Dissolution Of The Peace Secrets - Private Office / Al-Najaf Al-Ashraf

 In accordance with the statement of His Eminence Commander Muqtada Al-Sadr (May Allah be glorified), which ordered the completion of the procedures of disbanding the military side of the Peace of the Shiite National Stream for a maximum of one week, the commission announced today, Friday the twelfth of the month of Dhu-Hajj 1447 corresponding to the 29th-ninth From May 2026, for the purpose of following up the completion of the procedures of dismantling the military side of the Peace Army from the National Shiite Stream and the implementation of what is stated in the statement of His Eminence Commander Muqtada Al-Sadr (May Allah be glorified), where the meeting included both the Director of the Special Office of His Eminent Mr. Haider Al-Jabri and the Military Adviser Brother Abu Dua Al-Essawi and the assistants The jihadi, brother Tahsen Al-Hamidawi, and the official of the written buildings, Mr. Sheikh Mohammed Al-Aboudy, reviewing the most important procedures related to the implementation of the decision of His Eminence Commander Muqtada Al-Sadr (May Allah be glorified). 

Earlier today, Prime Minister Ali Al-Zaidi noted that the government remains committed to placing all weapons under state control, upholding the rule of law, combating corruption, and reinforcing Iraq's sovereignty and regional standing, while pursuing broader international engagement in line with the guidance of the Supreme Religious Authority.

المكتب الاعلامي لرئيس الوزراء العراقيfacebook

Prime Minister Ali Falah Al-Zaidi Receives A Group Of Elders Of Clans And Faces On The Occasion Of Eid Al-Adha

••••••••••

Today, Friday, the Prime Minister of the Cabinet, Mr. Ali Falah Al-Zaidi, received a group of clan elders and congratulators on the occasion of Eid Al-Adha.

His lordship affirmed his respect for the noble tribes, which represent a social umbrella that offers the state the best of the abilities, leadership and administrative elements, pointing to the government's keenness to support this social entity, which since the beginning of the founding of the Iraqi state, has been a pillar of its existence and defender in the most difficult circumstances.

Mr. Prime Minister emphasized that the government is determined to proceed with the project of confiscation of arms by the state, not allowing the violation of the power of law, fighting corruption, strengthening the power and sovereignty of Iraq, and opening up to building regional and international relations for the betterment of Iraq, all of which are principles called for by the Supreme Reference.

•••••

Media office of the Prime Minister   29- MAY-2026    Al-Sadr’s office said earlier this week that civilian bodies affiliated with Saraya Al-Salam will be transferred to Al-Bunyan Al-Marsous without retaining any headquarters, weapons, uniforms, titles, or other military-related assets. He also called on factions within the Popular Mobilization Forces (PMF) to distance themselves from what he described as partisan and sectarian directives. 

Meanwhile, a government source told Shafaq News that the move came in response to Al-Zaidi's direct messages to political groups with armed wings, urging them to dismantle those formations and integrate their members into official institutions.

The move comes amid growing debate over regulating weapons outside state control and restructuring armed factions. Iraqi officials have been discussing a phased plan, expected to begin after Eid Al-Adha holidays end on May 31, under which some groups could transition into political organizations while others may be integrated into the Popular Mobilization Forces (PMF).

Read more: Iraq’s disarmament debate: Why unity masks deep divisions

https://shafaq.com/en/Iraq/Muqtada-Al-Sadr-launches-Saraya-Al-Salam-handover-to-state

After Al-Sadr’s Saraya Al-Salam Decision, Is Iraq Closer To Restricting Weapons To The State?

2026-05-29  Shafaq News    Debate over armed factions in Iraq has resurfaced after Iraq’s Patriotic Shiite Movement (PSM – formerly Sadrist) leader Muqtada al-Sadr announced the separation of Saraya al-Salam from his movement and its integration into the state, reviving questions over uncontrolled weapons and their relationship with state institutions.

 Welcomed by Iraq’s newly formed government headed by Ali al-Zaidi, the move comes amid broader international pressure, particularly from the United States, which has tied its support for Baghdad to efforts aimed at controlling armed factions and limiting their military and political influence within state institutions.

Origins of the Factions

Most of Iraq’s current armed factions emerged in the aftermath of the US 2003 invasion that toppled Saddam Hussein’s regime. Their influence expanded significantly after ISIS seized large Iraqi cities in 2014.

At that stage, Saraya al-Salam was formed as a military force following al-Sadr’s call to protect Shiite holy sites, while other factions were incorporated into the Popular Mobilization Forces (PMF), which later evolved into an official umbrella organization for numerous armed groups.

Rather than ending competing centers of power, that integration produced a complex structure involving the state, armed factions, political authorities, and parties, making the issue of restricting weapons to state control one of Iraq’s most difficult challenges.

Al-Sadr and Weapons

Considered one of the central figures in this issue, al-Sadr previously established the al-Mahdi Army after 2003 before dissolving it and later reconstituting Saraya al-Salam in 2014.

In his latest announcement, al-Sadr said the separation of Saraya al-Salam “comes in the public interest and to avoid dangers surrounding the country,” while calling for all civilian bodies affiliated with the group to become unarmed civilian institutions and for all military matters to be transferred entirely to the state.

 For observers interviewed by Shafaq News, the move signals a shift from rhetoric advocating state control of weapons toward practical implementation within al-Sadr’s own movement, placing other factions under direct political pressure.

Read more: Iraq’s armed factions and the disarmament debate: Why unity masks deep divisions

State Priority

Prime Minister Ali al-Zaidi described the initiative as “an important step to strengthen stability and consolidate the principle of the state’s monopoly on weapons,” calling on all factions to operate under state authority. “The state is the only entity authorized to carry weapons and enforce the law.”

 Researcher and academic Alaa Najah told Shafaq News that the government’s position was longstanding, noting that the prime minister had repeatedly emphasized the importance of restricting weapons to the state to strengthen institutions, preserve internal stability, and reassure the Iraqi public.

 According to Najah, building a strong state begins with consolidating the monopoly of weapons in the hands of official institutions, “as a fundamental step to protect sovereignty and enhance security and stability, away from escalation or division.”

Divisions Among Factions

Despite the official welcome, positions among armed factions remain divided. Circulating reports and statements indicate that some factions have shown preliminary willingness to engage in a process of “regulating weapons,” while others, most notably Harakat al-Nujaba and Kataib Hezbollah, reject any path leading to disarmament.

 Political writer and researcher Mohammed al-Yasiri said the issue is not about surrendering weapons, but regulating and restricting them. Speaking to Shafaq News, he added that while some factions support the project of restricting weapons, “others are seeking guarantees related to responding to any potential external threat.”

 Al-Yasiri also pointed to a difference between the Iraqi and American visions, noting that Washington focuses on stopping the use of drones and missiles, whereas Iraq is discussing the regulation of medium and heavy weapons.

Multiple Centers of Decision-Making

Political analyst Ramadan al-Badran noted that al-Sadr’s latest move “reflects a national orientation that supports the state,” but other factions “differ like their affiliations, as some are influenced by external powers and do not possess full independence in decision-making.”

Al-Badran told Shafaq News that factions closely linked to Iran’s Islamic Revolutionary Guard Corps (IRGC) require “solutions that go beyond Iraq” and involve broader regional coordination, stressing, “the Iraqi political system itself contributed to producing this structure during previous stages.”

Read more: Multiple actors, one battlefield: Iraq since the US-Israel-Iran war began

US Pressure

International pressure from the United States has also intensified, with Washington linking support for the Iraqi government to distancing armed factions from state institutions.

Earlier, the United States opposed the participation of armed factions in government unless they are disarmed, while also demanding an end to state funding for some groups, further complicating Iraq’s internal political landscape.

 Observers concluded that Iraq now faces two options. Continuing the policy of “containment” adopted by previous governments, or moving toward a genuine restructuring of the relationship between the state and armed factions.

Written and edited by Shafaq News staff.

https://shafaq.com/en/Report/After-Al-Sadr-s-Saraya-al-Salam-decision-is-Iraq-closer-to-restricting-weapons-to-the-state

Green Policy is Deadlier Than Guns

Green Policy is Deadlier Than Guns

Notes From the Field By James Hickman (Simon Black / Sovereign Man May 29, 2026

Every year around this time, a silent killer sneaks its way onto European shores and slaughters people by the tens of thousands.  Last year, it killed more people in just three months than the number of civilians killed in the war in Ukraine all year. It killed three times as many people as traffic accidents do.  And it killed FOUR times more Europeans than gun violence killed in America.  I'm not talking about COVID. Or even the legions of migrants invading the continent. 

This deadly scourge that kills tens of thousands of Europeans each year is the lack of air conditioning.

Heat killed 62,775 people across the continent in the summer of 2024, according to a study in Nature Medicine.

The World Health Organization calls it the leading "climate-related" cause of death in the region.

But in reality, these deaths are directly related to the fanatical green environmental policies of European governments, which have made the electricity to run air conditioning prohibitively expensive.

Roughly 19% of European homes have A/C, versus 90% in the US.

The simple reason is the bill: electricity in Germany costs about 2.5 times what it does in the US. Starting in 2011, Germany shut down every one of its nuclear reactors and bet its grid on wind and solar — in a country where the sun barely shines.

European media and politicians have also spent a generation making anyone who even thinks about buying A/C feel like a moral failure. 

The result is a continent that has made cooling both unaffordable and shameful; then they act surprised when 60,000 people die in a heat wave.

The dead are not the only price paid. For decades, German manufacturing thrived because one machine could produce more than a thousand workers in the developing world.

But Germany's high-tech manufacturing model only worked because the electricity to run those machines was reliable and affordable.  But the German government has spent twenty years making energy either too expensive or, on certain days, simply unavailable.

Germany used to have inexpensive electricity thanks to its nuclear reactors. But the green fanatics have succeeded in shutting those reactors down, resulting in higher electric prices.

The bill for that policy lands on the factory floor. The German Association of the Automotive Industry reported on May 13, 2026 that German automakers have already shed 100,000 jobs since 2019, with another 125,000 projected to disappear by 2035.

German Chancellor Friedrich Merz has called the nuclear phase-out "a mistake," and said "I regret this." Yet in the same breath he explained that "it is the way it is, and we are now concentrating on the energy policy we have."

In other words, they acknowledge that they made a huge mistake. But they also admit that they aren't going to fix it.

Perversely, the simple act of admitting a mistake (even without fixing it) is actually progress for a politician.

Just look at their immigration policy— they won’t even admit the mistake of importing legions of gang-raping foreigners who do not respect laws and have no problem committing violence.

The bill for that policy has come due in the same way the energy bill came due: in bodies.

In August 2024, Solingen's Festival of Diversity got a firsthand demonstration of what they were celebrating when a Syrian asylum seeker stabbed three people to death.

Four months later, a Saudi national drove a rented SUV through Magdeburg's Christmas market, killing six and injuring 200.

In January 2025, an Afghan asylum seeker— already under an active deportation order German authorities had failed to enforce— stabbed a two-year-old boy and a 41-year-old man to death in a public park in Aschaffenburg.

By November 2025, German cities had begun canceling their Christmas markets outright. One reopened after spending more than €250,000 on concrete barriers to keep trucks from being driven into shoppers a second time.

The state's response to imported violence is not to stop importing it. It is to cancel Christmas.

The pattern is always the same: even when governments make an enormous mistake,  they lean into it. They rarely fix anything, they just continue with a destructive policy. 

And anyone who actually does try to fix it gets ridiculed, canceled, or shot.

One current example from the US is the LA mayoral election.

The incumbent mayor, Karen Bass, has presided over the worst destruction the city has seen in decades. She does nothing about the homeless problem— in fact recently stated that taxpayers should pay for new teeth for homeless meth addicts so that they can have dignity.

Her only positive contribution, in her own words, is that she was “out of the country” when the Palisades wild fires started in January 2025 and that she did “not start the fires” herself. That’s a pretty low bar for success.

Her opponent, Spencer Pratt, just wants to fix the city. He presents real solutions to real problems, yet he is the one that the media paints as a fringe lunatic— not the lady who wants to give taxpayer-funded teeth to meth addicts.

Politicians do not just refuse to fix their mistakes; they save their loudest contempt for whoever is rude enough to mention them, or daring enough to fix them.

There may still be a way forward here. Maybe more responsible, more sensible people start running... and maybe voters will be responsible and sensible enough to elect them. Maybe this happens before it’s too late, and America can finally turn things around.

But there’s also a rational possibility that doesn’t happen... and that’s why it’s worth having a Plan B.

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

 PS—  Having a Plan B is not hysteria. It’s not unpatriotic. It’s a rational common-sense move to mitigate obvious risks.

The fact is that we have much more control over our circumstances than the ‘experts’ would have us believe. It is possible to get inflation’s impact on your life under control. To reduce your current and future tax bill. To reduce the risk of future social chaos. To set your family up for long-term success.

These are all sensible precautions and part of a smart Plan B strategy; we have been providing these solutions for years, and invite you to learn more about our research.

https://www.schiffsovereign.com/trends/green-policy-is-deadlier-than-guns-155218/?inf_contact_key=06e7b2f043e4e1147395f6fd794ae40f2294a318289bad97137125bd69e8bd38