Final Bull Leg Underway Before Market Collapses in Global Bust

Final Bull Leg Underway Before Market Collapses in Global Bust

Commodity Culture:   6-2-2025

David Hunter, renowned strategist and market forecaster, recently joined Jesse Day on Commodity Culture for a compelling discussion about the current state of the global economy and what lies ahead.

While many analysts are already bracing for a downturn, Hunter’s perspective offers a more nuanced, albeit ultimately dire, outlook: he believes we’re headed for one last, significant leg up in the broad market before experiencing a global bust of unparalleled magnitude.

In the interview, Hunter articulated his belief that the market still has room to run on the upside. He cited factors such as persistent liquidity in the system and lingering inflationary pressures as fuel for a final surge. However, he cautioned that this bullish phase is merely a prelude to something far more devastating.

Hunter attributes this impending collapse to a confluence of factors: unprecedented levels of global debt, reckless monetary policies, and a distorted financial system.

He believes that when the inevitable turning point arrives, the resulting deleveraging and economic contraction will shake the foundations of the global economy.

Given his bleak outlook, Hunter also discussed potential strategies for protecting wealth during the anticipated market crash. He emphasized the importance of diversifying assets and considering alternative investments that are less correlated with the broader market.

David Hunter’s forecast presents a sobering perspective on the future of the global economy. While acknowledging the potential for a final market rally, he underscores the urgent need for investors to prepare for an unprecedented economic collapse. By understanding the potential risks and strategically repositioning assets, investors can navigate the coming storm and potentially protect their wealth during one of the most challenging economic periods in history.

The key takeaway? Prepare now, because the window of opportunity may be closing.

https://youtu.be/3hPqJ6D8R4w

Monday Coffee with MarkZ. 06/02/2025

Monday Coffee with MarkZ. 06/02/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Monday Morning…..Welcome to June

Member: Mark I hope you’ve got some good news today, we surely need it

Member: Rumor is we RV around the 4th of July.

MZ: I have not heard anything specific to July 4th…but, I am starting to hear some good stuff from the Historic bond side….about late this week through the upcoming weekend.

MZ: This comes from a couple bond folks I have not heard from in a while.  This is a different group then the contacts that had gone quiet. They feel very upbeat for June.  They are hearing they are to go before the first and second week of June.

 MZ: It’s kinda surprising I heard from the bond holders this morning…usually we don’t hear anything from them on Mondays. I hope to get more updates later today.

Member: So is there a chance the RV happens in June?

MZ: There is a great chance.

Member: Mark, do you believe currencies will go shortly after the bonds?

MZ: I think they will go between the initial bond payments and bonds being fully paid. After the initial payment we should get a revaluation….then a reset……then bond folks get paid their balances while we are going to the banks. If I understand the process properly.

Member: I wonder- What percent of bonds are paid out so far?

Member: It does not look fun to be a bond holder. Do they eer complain about being strung along.

MZ: Yes …absolutely they complain…all the time…..but their rewards will make their waiting worth it. Hopefully they get it done this summer- preferably in June.

Member: Hey Mark, maybe this whole thing happens on Juneteenth (June 14th) since that holiday was the end of slavery and that would be a good time to end our debt slavery??

Member: June 14 is Flag Day & DJT Birthday & 250th Birthday of Navy during the 250th USA Celebration that started May 26 ... wave the Victory Flag at the Finish Line? ..

Member: Basel III deadline is July1 hope that means something. LOL

Member: I don't look for it to happen till the announcement the change from Fiat to Asset Backed currency.

Member: Judy Shelton says Trump will offer 50 year gold back treasuries July 4, 2026

MZ: Great reminder-Judy Shelton is Trumps “Gold bug” so we should have a new gold/asset backed currency by then.

Member: Trump met with Powell over the weekend, and then the rumor came out –Powell is resigning

Member: Why do you think it's taking so long? Overall, for everything arrests, the rv, their big reveals?

Member: Could they be dragging this on hoping we would become desperate and take a lower rate?

Member: At what point do we start blaming the White Hats for the length of this because this has been done for a long time and we are just Watching A Movie! Please don’t let there be a sequel!

MZ: Yes…this movie sucks.

Member: Yes- This movie Sucks! Time to replace the script writers!

Member: Had a Quick chat with a guy from Zimbabwe yesterday, asked him if he was ready for the currency change, and got a BIGLY smile and a yes, in return

Member: I was reading that Iraqi people have hit the streets protesting financial issues.

Member: Rumor is July 14, Iraq is going digital

Member: What’s Iraq goes digital with their deposits that should settle the HCL which will pave the way for the reset

MZ: “Parliamentary Finance: The region’s salaries were disbursed as an advance until revenues are delivered”

MZ: “Government Consultant:  Iraq will enter the era of electronic collection fully in the middle of this year. “  It is June so just about the middle of the year. This will alleviate a lot of problems with the Kurdistan region.

Member: Mogadishu Refinery Find Triggers Iraq’s Hunt For $100B In Lost Global Assets

Member: Won’t it be amazing when we are on the other side of this doing good work changing the world…

Member: But if you look on the Bright Side of this , it's Never been this close !! I'm happy with where we are !!

Member: Have a wonderful & blessed day everyone

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

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

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

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

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

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

News, Rumors and Opinions Monday 6-2-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 2 June 2025

Compiled Mon. 2 June 2025 12:01 am EST by Judy Byington

Sun. 1 June 2025: THE FINAL STRESS TESTS ARE COMPLETE — QFS GOES GLOBAL NEXT …Ben Fulford on Telegram

Over the last 72 hours, I’ve received confirmation from 3 separate banking insiders: all systems tied to the new sovereign QFS network passed their final validation protocols.

• Biometric access nodes were stress-tested at 10,000+ concurrent logins
• Real-time cross-border test transfers completed in under 1.8 seconds
• Regional nodes across 12 countries returned 100% success rates under military oversight

This isn’t theoretical anymore. It’s done. The tech works. The funding is mapped. The codes are locked.

The reason they’ve delayed the public rollout until July 4? Coordination. Security. Timing. You don’t turn on the new financial system mid-chaos — you wait until every actor is boxed in, every backdoor closed.

The military is now watching every central bank channel. They’ve seized key data centers in Switzerland and Singapore.

This is a controlled ignition — and it’s going to change the planet.

Get ready.

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

Sun. 1 June 2025 Forest Gorillas on X: https://x.com/forestgorillas/status/1929207284632031366?s=46&t=lgh4YJTE-Tf8EbYrH8a69g

The substantial transactional volume confirms the revaluation process moved beyond technical staging on May 30 into active economic execution.

The $4.8101 international rate on the Iraqi Dinar is both supported and enforced by real liquidity flows and market positioning, making it the de facto exchange value pending public retail FX-VU.

Retail market exposure on FOREX platforms is the remaining step to complete public validation, forecasted for Monday, June 2, 2025, at market open.

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

Sun. 1 June 2025 Wolverine:

The Pentecostal Group started the process on Fri. 30 May as promised. They are scheduled to be paid on Wed. 4 June 2025.

On Sat. 31 May trigger groups were expected to come out, but evidently it has been moved till the 4th of June. A lot of people are now saying the 4th of June to the 9th June that funds are going to get released.

I have also spoken to an owner of a platform and he told me that he can’t say anything at the moment and he told me to have faith in him as everything is looking excellent and that any day those funds will be released on that platform.

TNT is saying the likely scenario is tonight FOREX is supposed to load the rate again tonight and we could go to the bank tomorrow. Worst case is FOREX loads Sunday upon FOREX reopening and we’re in the bank on Monday. They sound very confident and I pray that they are right.

Now there are people criticizing gurus that we are doing an injustice to people by creating hopium which is completely false. Everyone is trying to do something to help us go through and we are not in the business in creating false information just to make you feel good which at the end all it does is hurt people .Please respect everyone that is trying to help.

I’m praying a lot and having faith that any day we will be shouting “FREEDOM “ God bless you all. Your friend and servant. Wolverine

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

Sun. 1 June 2025: BREAKING – THE GOLD IS GONE. TRUMP KNEW. THEY SILENCED HIM. …Nesara Gesara 2.0

In early 2025, Trump announced a full audit of Fort Knox. Then he vanished. Musk backed him. He vanished too. No audit. No press. No gold. The most secure vault on Earth — and not one shred of proof the gold exists.

Fort Knox hasn’t had a public audit since 1974. Not a single full inventory. No third-party review. Just blind national faith.

In February 2025, Trump swore to reveal the truth. Days later: total blackout. Musk, who called for live streamed cameras, went silent. Coordinated censorship. What did they see?

147 million ounces of gold? Only on paper. No proof. No footage. No evidence. Just digits. Meanwhile, Senator Mike Lee, cleared for nuclear sites, was denied entry into Fort Knox. Let that sink in.

Rand Paul demanded an independent audit. They laughed. They mocked. But they didn’t say, “Here’s the gold.” Because they couldn’t.

In 1933, FDR seized private gold. Promised safety. Shipped it to Fort Knox. Never seen again.

Then in 1971, Nixon severed the dollar from gold, turning Fort Knox from treasure vault to propoganda prop. Since then? Just symbols. Not substance.

Insiders whisper: bars filled with tungsten. Looks real. Worthless inside. No bar has ever been drilled. No true test. If even one bar is fake, the dollar is a lie.

Trump said, “If the gold isn’t there, we’ll be very upset.” Then silence. Not casual silence — classified silence. Same with Musk. Proposed a broadcast. Then disappeared. No tweet. No post. Nothing. This wasn’t retreat. This was suppression.

In 2012, Germany requested its gold back from the U.S. It took 7 years. Discrepancies reported. If we couldn’t return their gold, do we even have ours?

Every annual “audit” is run by insiders. No press. No public. No footage. No witnesses. That’s not an audit — that’s a cover-up.

This isn’t about gold. This is about control. This is about a financial illusion propped up by secrecy, deception, and steel doors. Fort Knox is not a vault. It’s a prison for the truth.

Trump tried to finish the mission. Now it’s OUR TURN. DEMAND THE AUDIT. DEMAND THE TRUTH. Because if the vault is empty — so is America’s future.

Read full post here:  https://dinarchronicles.com/2025/06/02/restored-republic-via-a-gcr-update-as-of-june-2-2025/

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

Mnt Goat   We know about what the TRUE rate of the dinar should currently be based on its assets. The IMF is going to a strict asset-based evaluation of currency values. This is a Basel requirement. So, what has been preventing this revaluation to the TRUE rate of the dinar?  ...it was mostly the AML [Anti-Money Laundering] issue...i.e. banking reforms... efforts were put on warp speed to complete the AML reforms as acceleration began in early January 2023...   [Post 1 of 2....stay tuned]

Mnt Goat  ...we now get a sense of a real change...a sound transition away from those sanctioned days of Iraq since 1990’s. It is a new Iraq and it is here now...So, it puzzles me as to why the currency also does not NOW reflect this change. But I assure you it will, and it won’t be long until it does...The AML efforts is sprouting great benefits to Iraq and allowing them to move ahead quickly now.  [Post 2 of 2]

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

FRANK26….ALOHA….6-1-25…INTEL?

6-1-2025

https://www.youtube.com/watch?v=rFmn8Os6nis

Iraq Economic News And Points To Ponder Monday Morning 6-2-25

They Made Half A Billion In A Year... E-Cards Become A "Dollar Smuggler" After The Remittance Loophole Was Closed In Iraq.
 
Economy     2025-06-01 | 6,035 views   Alsumaria News-Politics  revealed The Wall Street Journal on Sunday details that led to the reduction of withdrawal and spending limits on electronic cards outside Iraq, and the suspension of many of them.
 
The newspaper pointed to a jump of approximately 3,000% in MasterCard and Visa card transactions in Iraq, as armed factions and entities smuggling dollars to Iran resorted to these cards after losing the financing loophole through import remittances. The newspaper stated, "Just two years ago, the Iraqi market represented marginal value for Visa and Mastercard, generating less than $50 million per month in cross-border transactions at the beginning of 2023.

However, this value exploded to nearly $1.5 billion in April of the same year, an increase of nearly 2,900% in a short period."
 
The newspaper notes that what has changed, according to American and Iraqi officials and documents, is that armed factions have been extracting dollars through these cards, via the Visa and MasterCard payment networks,
 
after the US Treasury Department closed a major loophole used to fraudulently obtain dollars via foreign money transfers.
 
The newspaper explained that the factions had found a plan to use electronic payment cards after this loophole was closed, but the Treasury informed the card-issuing companies that armed groups were involved in using these cards.
 
It took the companies months to reduce financial transactions, and these transactions declined,  
but remained between $400 million and $1.1 billion per month until the beginning of this year.
 
The Central Bank even recently set a maximum of $300 million per month to control these payments.
 
The newspaper explains that because of the existence of an official and an unofficial rate, people would
 purchase electronic cards and   withdraw them in dollars outside Iraq in other Middle Eastern countries at the official rate.
 
They would then send the funds back to Iraq to be converted into dinars at the market rate,
earning profits of up to 21%.
 
The result was a thriving trade for powerful Iraqi factions.
 
The newspaper confirms that Visa and MasterCard generated profits from these transactions ranging between 1% and 1.4%.
 
Iraqi cardholders participating in the scheme are estimated to have generated profits of approximately $450 million in 2023 alone,  while foreign cards alone generated $120 million.
 
Revenues are estimated to have grown by 60% in 2024.

The newspaper says that in recent days, the Treasury Department has formally requested that the Central Bank of Iraq block more than 200,000 cards held by militia members due to fraud concerns.
 
Meanwhile, Federal Reserve and Treasury officials have begun asking Visa and Mastercard to explain the increase in transactions in Iraq in 2023 and have held regular meetings on the Iraqi market, including with officials from the Central Bank of Iraq in 2024 and early this year.
 
Card companies began taking concrete action in March.     
  
https://www.alsumaria.tv/news/economy/528261/ربحوا-نصف-مليار-في-عام-البطاقات-الالكترونية-تتحول-الى-مهرّب-دولار-بعد    

Mogadishu Refinery Find Triggers Iraq’s Hunt For $100B In Lost Global Assets

Iraq Jawad Al-Samarraie May 30, 2025 AL Rafidain Bank branch in London, opened in 1954
 
Baghdad (IraqiNews.com) – A startling revelation at the Arab Summit in Baghdad this May has jolted Iraq into confronting a forgotten legacy:
 
a sprawling international portfolio of properties and investments, potentially worth at least $100B,
that has languished in neglect and obscurity for two decades.
 
The unexpected news of a large, Iraqi-built oil refinery still standing in Mogadishu, Somalia, has served as a dramatic wake-up call, triggering a renewed effort to trace and potentially reclaim these vast, squandered national assets.
 
The ghost refinery in Mogadishu, constructed in 1978 under a bilateral agreement and largely forgotten by Iraqi officialdom since 2003, was brought back to Baghdad’s attention by Somali President Hassan Sheikh Mohamud.
 
He informed Iraqi Prime Minister Mohammed Shia Al Sudani that the facility merely requires technical rehabilitation to become operational – a timely prospect as Somalia begins exploring offshore oil.
 
This single revelation underscored a much larger, more complex issue:
Iraq’s dozens of lost properties scattered across three continents.
 
During its oil-boom years in the 1970s and 1980s,
Iraq strategically invested its wealth globally, acquiring an estimated 50 significant assets.
 
These included luxury palaces and real estate in prime European locations like Cannes, France, Spain, the UK, and Italy; agricultural ventures such as tea, rice, rubber, and tobacco farms in Malaysia, Sri Lanka, and Vietnam; and diverse holdings in Africa, from tourist islands and agricultural factories in Mozambique and Nigeria to the aforementioned Somali refinery.

This was a policy of extending economic and diplomatic influence.
 
However, following the 2003 regime change, this global portfolio fell into disarray.
 
Iraq’s Parliamentary Integrity Committee previously revealed to news agencies that
crucial ownership documents were stolen or destroyed.
 
Some properties were illicitly transferred to individuals or shell companies linked to the former regime,  
while others simply vanished from official oversight, becoming a forgotten treasure.
 
Early attempts at recovery highlighted the dangers.
 
In 2012, an Iraqi Foreign Ministry delegation dispatched to Mozambique to inspect a state-owned asset,
believed to be a palace on a tourist island, received direct threats from an armed group controlling the site, forcing their immediate withdrawal.
 
The incident underscored the formidable challenges beyond mere legal claims.
 
The Mogadishu refinery news has now spurred the Iraqi government into decisive action.
 
Specialized legal and technical committees have been formed, and the Ministries of Oil, Foreign Affairs, and Justice are tasked with a coordinated global effort.
 
This includes attempting to re-register properties, settle outstanding tax issues,
and verify any remaining documentation.
 
Legal experts suggest Iraq could pursue claims through the International Court of Justice (ICJ)
or negotiate bilateral agreements with host nations.
 
They also stress the necessity of pursuing individuals and entities involved in the illicit appropriation of these assets, potentially through international arrest warrants via INTERPOL if sufficient evidence is available.
 
For a nation facing ongoing economic challenges and heavily reliant on oil exports, the potential recovery or proper investment of these assets, valued around $100B,represents a monumental financial opportunity.
 
Economists believe even partial success could generate sustainable revenue streams, offering a vital diversification away from almost exclusive dependence on crude oil exports for its budget.
 
However, the path to reclamation is fraught with obstacles.
 
Experts caution that some assets may now be subject to statute of limitations in their host countries,
or may have been legally acquired by other parties during Iraq’s two-decade absence from active management.
 
Furthermore, concerns exist about potential internal political interference derailing recovery efforts,
especially if assets are now linked to influential figures or complex, decades-old contracts that would be difficult to unwind without triggering intricate legal disputes.
 
Despite these challenges, the surprise rediscovery of the Mogadishu refinery has ignited a new sense of urgency and hope.
 
The Iraqi government’s renewed commitment, if pursued with transparency, international cooperation, and persistence, could potentially unlock billions in national wealth that has lain dormant across the globe for far too long, offering a much-needed boost to its economic future.
 
5. Image Alt Text Suggestions:
 
* “Archival photo of the Iraqi-built oil refinery in Mogadishu, Somalia”
* “Map highlighting locations of potential lost Iraqi assets across Europe, Asia, and Africa”
* “Somali President Hassan Sheikh Mohamud”
* “Iraqi Prime Minister Mohammed Shia Al Sudani”
* “Graph or visual representing the estimated $90 billion value of Iraq’s forgotten assets”
* “A dilapidated historic building representing a neglected Iraqi asset abroad”    
  
https://www.iraqinews.com/iraq/iraqi-government-hunts-forgotten-global-assets-saddam-era/

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

Seeds of Wisdom RV and Economic Updates Monday Morning 6-2-25

Good Morning Dinar Recaps,

Stablecoin Market Capitalization Surpasses $250 Billion Amid Accelerating Regulatory Momentum

The stablecoin market has officially crossed the $250 billion milestone, marking a pivotal moment in the evolution of crypto-finance. Analysts attribute this surge to a combination of regulatory clarity and growing adoption of decentralized finance (DeFi) applications.

“Crossing $250 billion marks a turning point,” said Hank Huang, CEO of Kronos Research. “Stablecoins are no longer experimental, they’re essential.”

According to CoinGecko, the total stablecoin market cap currently stands at $250.3 billion, with $245.5 billion of that backed by U.S. dollar-pegged stablecoins. Among these, Tether’s USDT leads with over $153 billion in market cap, followed by Circle’s USDC at $60.9 billion.

What’s Fueling Stablecoin Growth?

Two primary forces are behind this momentum: regulatory progress and the rapid expansion of DeFi.

The GENIUS Act—short for Guiding and Establishing National Innovation for U.S. Stablecoins Act—recently advanced in the U.S. Senate with backing from President Donald Trump. This legislation aims to provide a clear legal framework for dollar-pegged stablecoins, requiring:

• Full reserves backed by U.S. dollars or highly liquid assets

• Annual audits for issuers with more than $50 billion in market cap

• Oversight and inclusion of foreign issuers

Shortly after, Hong Kong passed its own stablecoin bill on May 21, introducing a licensing regime for fiat-backed stablecoin issuers seeking regional access.

This global regulatory clarity has opened the door for traditional finance (TradFi) institutions to join the stablecoin space. A group involving JPMorgan, Bank of America, CitiGroup, and Wells Fargo is reportedly in discussions to launch a joint stablecoin project.

DeFi’s Role in the Rise of Stablecoins

Meanwhile, the DeFi sector has continued its ascent since 2024, thanks to the growing appeal of DEXs, cross-chain trading, staking, and other applications. According to DefiLlama, DeFi currently holds over $113.17 billion in Total Value Locked (TVL).

Just last month, DEXs captured 25% of all global spot trade volume, a record share compared to centralized exchanges. This is a “clear paradigm shift from centralized to decentralized,” said Hashed CEO Simon Kim.

What Lies Ahead for Stablecoins?

Looking forward, Kronos Research CEO Huang believes the stablecoin market could double in size by 2026. The issuer landscape may soon expand beyond USDT and USDC, making room for Trump-aligned USD1 and potential bank-issued tokens.

The path ahead is shaping up to be one of innovation, mainstream integration, and regulatory legitimacy, setting the stage for stablecoins to play a foundational role in the next chapter of the global financial system.

@ Newshounds News™
Source:  The Block

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What Happens If BRICS Currency Succeeds?

The BRICS alliance is preparing to launch a new currency in an effort to shift away from the US dollar-dominated financial system. As emerging economies adopt a more self-first stance—much like Trump’s "America First" policy—they are placing their own currencies and economic priorities ahead of global dependency on Western financial structures.

These nations are growing increasingly skeptical of the recklessness of US foreign policy, and a successful BRICS currency could become the ultimate act of economic self-determination.

Here’s What Will Happen If BRICS Currency Becomes a Success

If a BRICS-backed currency launches and gains global acceptance, the financial world we know today could be relegated to history. While the US dollar would not go down without a fight, a coordinated effort by developing nations to abandon it could leave the White House and the Federal Reserve with few options—either comply with a new economic order or risk global irrelevance.

A multipolar world would likely emerge, led by an alternative financial ecosystem distinct from the IMF, SWIFT, and other Western-controlled institutions. Countries historically sanctioned by the US could find new lifelines in trade, leading to economic revival and political realignment.

Consequences for the US Dollar

Should the BRICS currency succeed, the US dollar would weaken, particularly in the foreign exchange (forex) markets. A weaker USD would likely fuel domestic inflation, as the Federal Reserve struggles to export demand for the dollar abroad. Moreover, the US government’s leverage to impose economic sanctions would diminish dramatically, eroding its global influence over trade and finance.

In essence, the rise of a BRICS currency would signal the decline of dollar hegemony and the beginning of a new era in global economics.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

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“Tidbits From TNT” Monday Morning 6-2-2025

TNT:

Tishwash:  Minister of Finance Discusses Support for Development Projects in Iraq with World Bank

Minister of Finance Taif Sami discussed with the World Bank Representative to Iraq on Sunday enhancing cooperation to support development projects.

The ministry said in a statement received by the Iraqi News Agency (INA): "Minister of Finance Taif Sami Mohammed received the World Bank Representative to Iraq and his accompanying delegation to discuss plans to enhance cooperation to support development projects by leveraging the technical and financial support provided by the Bank in implementing strategic projects to stimulate economic growth, especially in the areas of infrastructure and human development."

The statement added, "The two parties discussed developing the private sector and encouraging investment as the primary driver of sustainable economic growth, in addition to the need to support financial reforms to achieve stability and growth."

The statement explained that "the Bank Representative expressed his commitment to continuing to support Iraq in achieving its development goals and enhancing its ability to confront economic and development challenges."  link

Tishwash:  Japanese Ambassador: We seek to support the investment environment in Iraq and attract international companies

Japanese Ambassador to Iraq, Akira Endo, announced on Monday that more than $21 billion has been allocated to support economic cooperation projects in Iraq since 2003, stressing his country's continued efforts to support the investment environment in Iraq and attract international companies.

 In a speech during the signing of an agreement between the Iraq Development Fund and the Japan Cooperation Center, attended by an Iraqi News Agency (INA) correspondent, the Japanese Ambassador to Iraq said: "Since 2003, the Japanese government has implemented economic cooperation projects in Iraq totaling more than $21 billion.

Japan has become the largest donor of aid to Iraq in recent years, primarily through Japanese yen loans for infrastructure development in various fields such as electricity, water, sanitation, and oil." The ambassador emphasized that "Japan has consistently provided assistance alongside the Iraqi people to support their efforts in building the country," adding, "In order to further develop economic relations between Japan and Iraq, we look forward to Iraq's continued efforts to improve the investment environment, including strengthening the implementation of relevant laws and regulations, and continuing to enhance transparency in business practices, particularly with regard to attracting foreign companies, including Japanese companies."

He pointed out that "the JCCME has been working for more than a decade to promote trade and investment between Japan and Iraq through activities aimed at enhancing Japanese companies' understanding of Iraq, such as organizing annual Iraqi business seminars, sending delegations to key sectors in Iraq, and organizing training programs in Japan for Iraqi officials."

He continued, "On the other hand, given the priorities of the Iraq Development Fund, the six areas it identified—education, agriculture, housing, digital transformation, manufacturing and food security, and the environment—represent precisely the areas that the Iraqi government has prioritized under the leadership of Prime Minister Mohammed Shia al-Sudani. These are also areas where Japanese expertise can have a sustainable and meaningful impact on Iraq's future." He noted that "this signing is a pivotal step that comes at a critical time, as it will contribute to strengthening relations between the private sectors in Japan and Iraq by providing and exchanging information, and supporting, promoting, and coordinating the work of companies."  link

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

Tishwash:  The parliamentary investment committee calls for breaking the legislative "stalemate" and passing important "accumulating" laws. 

The Parliamentary Development and Investment Committee called for breaking the legislative deadlock to pass and address dozens of important laws that have accumulated and directly impact citizens' lives. The committee emphasized the importance of fulfilling the government's commitments under the ministerial program and budget-related spending plans.

Hussein Al-Sa'bari, deputy chairman of the parliamentary Development and Investment Committee, said, "More than 140 draft laws, including new ones and amendments to existing laws, are still pending in parliamentary committees and require a vote by parliament." 

He added, "Many of these laws have been discussed by the relevant committees and are ready to be included on the agendas of the plenary sessions," noting that "these projects relate to vital aspects that impact the lives of citizens and various state sectors."

He explained that "the most prominent of these laws is the Popular Mobilization Law, in addition to projects related to higher education, the basis for granting certificates, and other legislation of a service and administrative nature ."

He pointed out that "the upcoming parliamentary sessions are of particular importance as they will determine the fate of a large number of pieces of legislation, eagerly awaited by citizens and state institutions alike." He explained that "delaying the passage of these laws could negatively impact the work of ministries and disrupt the provision of services." 

Al-Sa'bari noted that "there is an increasing number of calls for regular and intensive parliamentary sessions to ensure that the legislative deadlock that accompanied previous periods is overcome and to fulfill the government's commitments under the ministerial program and spending plans linked to the general budget."

He explained that "Parliament's legislative agenda also includes strategic laws such as the Oil and Gas Law, the Civil Service Law, and the Social Security Law, as well as laws related to administrative reform and oversight of government performance."   link

Mot: Just Asking When 

Mot:  . Bet We ALL can Guess Who This ""Dude"" is!! -- Huh!!! 

More News, Rumors and Opinions Sunday PM 6-1-2025

KTFA:

Clare:  Under a government decision, Forex and cryptocurrency companies in Kurdistan are closed.

6/1/2025

The Kurdistan Regional Government (KRG) decided on Sunday to form a special committee within the Ministry of Interior, with the participation of relevant authorities, to shut down cryptocurrency and digital currency companies.

According to a letter issued by the Presidency of the Kurdistan Regional Government's Council of Ministers, No. 6640, dated May 27, and seen by Shafaq News Agency, the Ministry of Interior was notified, based on instructions issued by the Central Bank of Iraq, regarding the ban on dealing with electronic trading companies (forex) and digital currencies.

The Court's presidency stressed the need to take the necessary measures to form a committee with the relevant authorities to close down all companies operating in this field under various names.   LINK

Clare:  Masour Barzani: We have begun a strategic partnership with the United States to transform Kurdistan into an energy and innovation center.

6/1/2025

The Prime Minister of the Kurdistan Regional Government and Chairman of the Board of Trustees of the American University of Kurdistan, Masrour Barzani, affirmed on Sunday evening that his recent visit to the United States marked the beginning of a new phase of strategic partnership. He also indicated that efforts will continue to secure permanent electricity in the Kurdistan Region.

Speaking at a graduation ceremony for a new batch of students at the American University in Duhok, Barzani said, "We in the Kurdistan Regional Government have embarked on a series of comprehensive reforms that are not just theoretical ideas, but have tangible and direct impacts on improving the lives of the people of Kurdistan. Through these reforms, we aim to provide a prosperous life and sustainable economic growth."

He noted that his recent visit to the United States "marked the beginning of a new phase of strategic partnership, with agreements signed with a number of leading American companies in the energy sector, which will contribute to creating quality job opportunities and stimulating the innovation and investment environment in the region."

Barzani added, "For the first time in its history, the Kurdistan Region is witnessing an economic transformation that is not solely dependent on oil, but rather based on diversifying vital sectors such as agriculture and banking services." He pointed to "important infrastructure projects, including improving the water distribution system and establishing a special fund to protect the future of future generations."

He also announced "continued work on the Ronahi project to provide sustainable electricity, in addition to launching the Hesabi initiative, the first of its kind in the region, which aims to consolidate financial inclusion through digital banking services and enhance transparency."

Regarding digital transformation and artificial intelligence, Barzani continued, saying, "Artificial intelligence and digital transformation are no longer futuristic concepts; they have become a pivotal reality. We encourage investment in innovation centers and strengthen cooperation between universities and the technology sector, and we call on our youth to engage in this global revolution."

The Prime Minister of the Kurdistan Regional Government also addressed the health sector, commending the graduation of the first batch of nursing students from the American University of Kurdistan, who received comprehensive support through scholarships.

He described them as "a promising hope for a healthier and more prosperous Kurdistan," stressing "the government's continued support for the development of advanced professional programs in this field."

Barzani also emphasized the importance of education as the foundation upon which all forms of progress are based, saying, "We are implementing radical reforms in the education sector to build a transparent and accountable education system, with a special focus on the quality of education from primary to higher education, and instilling a culture of lifelong learning."  LINK

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

Frank26    The [CBI] board of directors are all in line with what the United States of America, with what Donald J. Trump, is demanding of the CBI and Sudani.  That's why they are moving so fast...Monetary policy is moving quickly forward to remove 1310...forward to a 1 to 1 relationship.  That's why the Forex is putting the dinar in prime position.  

Walkingstick  Two years the United Nations came out and said everything they're saying today.  They were premature...The CFT (Combatting Financing Terrorism) was what brought us back to security and stability and to remove all those thieves from Iranian politicians that were using auctions through parliament.

$7.6 Trillion Comes Due as U.S. Buyer’s Strike Hits

Taylor Kenny:  6-1-2025

Foreign nations are walking away from U.S. debt and quietly turning to gold. Experts are calling it a global “buyer strike,” and it’s sending a clear message: confidence in the U.S. dollar is cracking.

In this video, Taylor Kenney breaks down what this could mean for your retirement, your savings and why tangible assets may be the most reliable defense in uncertain times.

https://www.youtube.com/watch?v=QcGwB-kWt6Y

Turbulent Times Ahead as US Dollar Gets Ditched

Turbulent Times Ahead as US Dollar Gets Ditched

Liberty and Finance:  5-31-2025

The global financial landscape is undergoing a profound transformation, and according to Mario Innecco, a keen observer of market forces, it’s time to batten down the hatches.

 In a recent interview with Liberty and Finance, Innecco painted a picture of a world moving away from dollar dominance, grappling with inflation, and facing potential market instability, urging individuals to seek shelter in precious metals and financial independence.

One of the key drivers of this shift, according to Innecco, is China’s decision to allow insurance companies to invest their portfolios in gold. He sees this as more than just a localized policy change; it’s a symptom of a larger, global trend of nations diversifying away from the U.S. dollar.

 This move, coupled with other nations exploring alternative currency arrangements for trade, suggests a weakening of the dollar’s long-held position as the world’s reserve currency.

Innecco points to vulnerabilities in the U.S. bond market as further cause for concern. Rising yields, potentially exacerbated by taxation concerns for foreign investors holding U.S. debt, are flashing warning signs. The allure of U.S. bonds, traditionally seen as a safe haven, may be waning, potentially leading to a decline in demand and further pressure on the dollar.

The core of Innecco’s concern lies in the long-term inflationary pressures created by persistent government spending and loose monetary policy, particularly in the United States.

 He argues that these policies are ultimately unsustainable, leading to the potential devaluation of currencies like the dollar. In a world where fiat currencies are being diluted, Innecco believes tangible assets like gold and silver offer a critical buffer against inflation and financial instability.

“Protect yourself,” he urges. His prescription includes accumulating physical gold and silver, not as speculative investments, but as a store of value to preserve purchasing power.

He further emphasizes the importance of financial self-sufficiency, encouraging individuals to take control of their own finances and reduce their dependence on volatile market forces.

Adding another layer of complexity to the equation is the risk posed by the Japanese yen carry trade. Innecco highlights the potential for this practice, where investors borrow in low-interest yen to invest in higher-yielding assets elsewhere, to trigger significant global market disruptions if it unwinds unexpectedly. Such an unwinding could trigger a scramble for yen, impacting currencies and asset prices worldwide.

Innecco’s message is clear: the era of unquestioned dollar dominance is fading, and the economic winds are shifting. While uncertainty looms, individuals can take proactive steps to safeguard their financial futures. By embracing the principles of financial prudence, diversifying into precious metals, and striving for self-sufficiency, individuals can navigate the turbulent waters ahead and emerge on the other side with their wealth and financial well-being intact.

Ultimately, Innecco’s forecast serves as a potent reminder that in a world of evolving economic realities, knowledge, preparedness, and diversification are the cornerstones of financial survival.

https://youtu.be/x23pi2msL_I

Iraq Economic News And Points To Ponder Sunday Afternoon 6-1-25

Al-Sudani Stresses The Necessity Of Cooperation Between Iraq And The United States Based On The Strategic Framework Agreement And Memoranda Of Understanding, Coordination, And Consultation Between The Two Sides

Sunday, June 1, 2025 21:05 | Politics Number of readings: 25  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed the necessity of cooperation between Iraq and the United States based on the Strategic Framework Agreement, memoranda of understanding, coordination and consultation between the two sides.

A statement by the Prime Minister's Office said that Al-Sudani received, on Sunday, the Chargé d'Affaires of the US Embassy, ​​Steven Fagin, on the occasion of assuming his duties.

Al-Sudani congratulated Fagin, wishing him success in his mission and working to develop relations in a way that achieves the common benefit and interests of both countries.

Al-Sudani stressed the necessity of cooperation between Iraq and the United States based on the Strategic Framework Agreement, memoranda of understanding, coordination and consultation between the two sides, especially in the fields of economy, investment, security, energy, education, investment and private sector activities.

For his part, Fagin pointed to the importance of bilateral relations between the two countries, and the US government's support for partnership with Iraq at various levels and fields, praising the government's efforts to accelerate development and urban renaissance, stressing the work to enable American companies to enter the investment and partnership arena in Iraq. /End https://ninanews.com/Website/News/Details?key=1231246

Government Advisor: Iraq's Stability Depends On Energy Markets And Geopolitical Conditions.

Time: 2025/06/01 Read: 1,230 times  {Economic: Al Furat News} The Prime Minister's economic advisor, Mazhar Mohammed Saleh, confirmed the close cooperation between monetary and fiscal policies in addressing the global challenges resulting from the oil price shock.

Saleh told Al-Furat News: "This cooperation aims to defend the stability of the national economy and ensure public spending through good reserves and optimal management of domestic debt, ensuring sustainable stability and development."
He explained that "this economic path remains dependent on the future movements of energy markets and the geopolitical situation in the world, especially in the energy belts, whether in the Gulf or the Mediterranean region, which are responsible for approximately 40% of global oil demand, in addition to the Russia-Ukraine oil belt and the development of the war in that region, which constitutes the backbone of Europe in oil and gas supplies, and the resulting impact on the level of global demand and the trend towards improvement in oil and gas prices."

The advisor stated that "the bet on this economic cooperation extends until the end of the current fiscal year 2025," stressing that "the next phase will witness major financial reforms, most notably controlling public spending in line with the priorities of the government's program, particularly in the services and infrastructure budget, and securing salaries, pensions, and social care."

He explained that "more than 8 million citizens in Iraq receive government income, which in turn impacts the household income of approximately 35 to 40 million citizens, making this income the primary source of government spending within the country."  LINK

US Embassy: Working To Encourage US Companies To Invest And Partner In Iraq
Time: 2025/06/01 20:59:12 Reading: 60 Times

Prime Minister Mohammed Shia al-Sudani received today, Sunday, the Chargé d'Affaires of the US Embassy, ​​Mr. Stephen Fagin, on the occasion of his assumption of his duties.

His Excellency congratulated Mr. Fagin, wishing him success in his mission and working to develop relations to achieve mutual benefit and interests for both countries.

Mr. Al-Sudani emphasized the necessity of cooperation between Iraq and the United States based on the Strategic Framework Agreement and the memoranda of understanding, coordination, and consultation between the two sides, particularly in the areas of economy, investment, security, energy, education, investment, and private sector activities.

For his part, Mr. Fagin highlighted the importance of bilateral relations between the two countries and the US government's support for partnerships with Iraq at various levels and in various fields. He praised the government's efforts to accelerate development and urban renaissance, and emphasized the need to encourage American companies to invest and partner in Iraq.   LINK

Al-Haymas: Environmental And Social Standards Guidelines Enhances Transparency In All Economic Sectors

Money and Business  Economy News – Baghdad  Chairman of the Iraqi Securities Commission, Faisal Al-Humais, confirmed on Sunday that the launch of a guide to environmental, social, and corporate governance standards for companies will enhance transparency in the operations of companies across all economic sectors, including vital sectors such as telecommunications, industry, tourism, hotels, and others.

On the sidelines of the guide's launch ceremony, Al-Humais said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, "The guide was launched in cooperation with the International Finance Corporation and with financial support from the Kingdom of the Netherlands."

He added, "This guide will have a significant impact on the application of transparency by companies in the Iraqi Stock Exchange.

It is, of course, an extension of the Central Bank's work when it launched the Governance Guide for Financial Institutions Listed on the Iraqi Stock Exchange. However, this guide will be more comprehensive for all sectors, whether the communications sector, the industrial sector, the tourism and hotel sector, or others."

He continued, "The implementation of the guide will have a positive impact on the operations and trading of the Iraqi Stock Exchange, as investors will receive comprehensive information with greater transparency to support their investment decisions. It will be fully implemented within the next year." https://economy-news.net/content.php?id=56093

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

Benefits of a Cash Budget – Part 2

Benefits of a Cash Budget – Part 2

Written by Sam - 

In part 2, I explain how budgeting will help save you time in the budgeting process.

How Cash Will Cut Your Budgeting Time By 80%

Think for a second about entering transactions into financial software like Quicken or YNAB. What are most of the transactions? By far the majority of the transactions come from categories like groceries, household, or entertainment. They are purchases at the grocery store, or walmart, or the corner convenience store.

What if you took those transactions away. For most people, there are only a handful or two of transactions left that occur every month. You might have utilities, a cell phone bill, a few gas transactions, but that’s about it.

Most of Your Transactions Come From Just a Few Categories

This is a classic 80/20 example. 80% of your transactions come from 20% of your budget categories. In fact, I would guess that for many people it’s more of a 90/10 rule. 90% of their transactions come from 10% of the categories. If you’ve used financial software in the past, go check this out and see if it holds true. In fact, leave a comment and let me know if it’s true. I know for us it IS true.

Now I want you to think about the time you spend budgeting every month and what that time is spent on. If you’re like us it’s spent on entering and/or categorizing transactions from the previous month. It’s spent tracking down transaction #x and finding out what it was for. Either you don’t remember or your spouse spent it and he/she doesn’t remember. You spend time tracking down missing receipts. It’s all a big mess.

Well all of that craziness doesn’t have to be. In fact, I’m going to give you permission to stop entering every transaction. How can I do that? Well let me ask this: why do you need to enter all those transactions? Do you really want to know how much you spend on milk every month? Do you ever really care to know on an itemized basis what individual items you purchased in your grocery category?

I don’t think that’s the case. If you think about it, all you really care about is spending the amount you want to spend in any given category. Well I’ve just shown that you can accomplish this goal by using cash. You don’t accomplish this goal by tracking every little thing, if fact, doing so is a lag measure and won’t have any impact on how much you spend next month. You’ll just go through the same process taking a lot of time and experiencing the same or similar results.

One Entry To Rule Them All

So am I saying that we don’t enter in our grocery transactions? That’s exactly what I’m saying. We have one entry in YNAB that is a cash withdraw for our grocery category. We don’t keep receipts, we don’t enter individual transactions. And do you know what? We have achieved our goal of staying within our budget more frequently and consistently than we ever did tracking everything.

To be more specific, we have one cash withdraw, or sometimes two over the course of the month that cover a number of cash categories. At the end of the month, we may have as little as 10 total transactions in our register for the month and most of these are for automated transactions that are easy to identify, categorize and reconcile. It has literally changed our budgeting lives.

My cousin is a great example of how using cash can decrease your time spent budgeting. She pulls out cash for all of her non-automated expenses. She doesn’t even split the money into categories. She has such a good sense of how much money they need in the month for the various categories that she can consistently stay within budget even without categories.

At the end of the month, she has roughly 10 total transactions (if I’m remembering correctly) to deal with in reconciling her budget. Talk about quick and easy. Now I wouldn’t recommend lumping all your cash together at first, but as you get a better intuitive grasp on your spending over time, you can easily start combining your cash categories like she does.

The Myth of Tracking Everything

TO READ MORE: http://www.gettingfinancesdone.com/

Benefits of a Cash Budget – Part 1

Benefits of a Cash Budget – Part 1  

Written by Sam

In this article series of articles, I have recorded somewhat of a manifesto for using cash in your budget.

That’s right, I’m talking about using cash in your budget. Using cash in your budget is a tough topic. People shy away from it and toss it aside as being too much of a hassle. I want to challenge you to put those beliefs aside for a moment and let me make a case for using cash.

The fact is, I know how you feel. Using cash in our budget was one of the things I fought against most. We started using cash as part of Financial Peace University. It was one of those concepts I was ready to ignore and tried to convince my wife that we shouldn’t use cash. But she wanted to give it a shot and since I’d agreed to follow the program, I reluctantly went along.

I’m glad I did.

It quickly became clear how powerful using cash in your budget is. I was quickly converted and became a big advocate for using cash. In fact, I now consider it a requisite for having an effective budget. REALLY! I don’t know a single family who considers themselves successful at budgeting that doesn’t use cash.

On the flip side, I know plenty of people who struggle with their budget or struggle staying within their spending limits and are always trying to figure out why. Yet, they resist using cash. They just won’t give it a try. Or they give it a half-hearted try and quickly give up.

How We Saved $6,000 In One Year By Using Cash

So what was the result of using cash for me and Emily? Not only did we stay within our budget consistently for the first time in our marriage, but we actually spent $6,000 less the year we started using cash with no perceived decrease in lifestyle. It was mind boggling that we saved so much.

We saved an average of about $500 a month. We spent less on groceries, ate out much less, and no longer made impulse credit card purchases to the tune of hundreds of dollars a month. But I never would have thought those seemingly little things would make such a big difference in our savings.

The Advantages Of Using Cash

There are several advantages of using cash in your budget, but there are mainly two that I want to emphasize.

First, using cash makes it easy to control your spending and to keep within your budget.

Second, using cash will cut as much as 80% of the time spent reconciling your budgeting at the end of the month. While I’ve already showed you how to speed up your budgeting process, using cash is the thing that will have the greatest single impact in decreasing your budgeting time. My wife and I spend 30-60 minutes a month budgeting. THAT’S IT!

In this article I’ll be addressing the first advantage of using cash.

Before I jump in let me point out that I’m not saying you need to use cash for your WHOLE budget. In fact, there are some cases in which using cash doesn’t make sense. You’ll mainly want to use cash in those categories in which you tend to overspend. This may only be 2 or 3 categories.

Controlling Spending With Cash

The Power of Instant Feedback

Cash is the perfect instant feedback mechanism. It easy to keep from overspending because when the cash is gone, you know you’re done spending. It’s really as simple as that.

Alternative Ways to Track Your Spending

When using credit cards you are totally disconnected with how much you’ve spend and how much is left to spend. Some people try to track their spending by writing everything down in a notebook, but in my own personal experience and hearing experiences of others it’s very difficult to be consistent with a system like that. Inevitably you stop keeping track.

TO READ MORE: http://www.gettingfinancesdone.com/