Economist’s “News and Views” 6-3-2025
Post-Dollar World Incoming as Global Reset Unfolds
Taylor Kenny: 6-3-2025
Nations across the globe are dumping Treasuries, creating new trade systems, and turning to gold.
This is not just an economic trend, it is a full blown monetary reset that is already in motion.
Don’t let your financial future become another Blockbuster story.
See how gold is taking center stage and what you can do to prepare before the reset hits
Post-Dollar World Incoming as Global Reset Unfolds
Taylor Kenny: 6-3-2025
Nations across the globe are dumping Treasuries, creating new trade systems, and turning to gold.
This is not just an economic trend, it is a full blown monetary reset that is already in motion.
Don’t let your financial future become another Blockbuster story.
See how gold is taking center stage and what you can do to prepare before the reset hits
U.S. Funding Crisis: Fed’s QE Is Coming by September, Gold to Soar to $4,500-$5,000 | Adrian Day
Kitco News: 6-3-2025
Gold is surging above $3,350 and silver just broke $34, but are we witnessing a true breakout, or just another head fake?
Adrian Day, Chairman and CEO of Adrian Day Asset Management, returns to Kitco News from the Mining Investment Event in Quebec City to break it all down.
He explains why gold’s fundamentals remain rock solid, central banks are still buying, and why miners remain deeply undervalued despite record margins. Key points:
Gold and silver rally as OECD slashes global growth forecast
Central bank demand for gold remains strong, despite slowing pace
Mining stocks are undervalued – Barrick and Agnico singled out
Day expects QE by September, not rate cuts
Bullish on gold, uranium, and copper through 2026
Is China about to reset the gold price?
Goldcore TV: 6-3-2025
In a move that could reshape global finance, #China is quietly rewriting the rules of the game.
The Shanghai Futures Exchange is opening its #gold futures market to overseas investors, tying pricing to real physical delivery.
This isn’t just another market tweak. It’s a bold step in Beijing’s long-term plan to move global financial power east. At the heart of that plan lies a potent combination: gold and the #yuan.
China is moving away from US Treasuries, building its gold reserves, and slowly constructing an alternative financial system that doesn’t rely on the dollar.
While the West drowns in debt, rising yields, and fragile banks, China is offering the world something different: monetary sovereignty backed by something real.
Could Shanghai become the new centre of global gold pricing? Is China preparing to back the yuan with gold? And what happens when physical gold, not leveraged paper, sets the price?
This is not about headlines or posturing. It’s about vaults, strategy, and power.
The dollar may still dominate, but China isn’t just participating in the system anymore. It’s rebuilding it.
Watch to understand how gold is becoming the quiet core of a global financial reset.
Iraq Economic News And Points To Ponder Tuesday Afternoon 6-3-25
Experts: Liberation From The Rentier Economy Occurs Through Modern Banking.
June 2, 2025 Baghdad - Qusay Munther Banking, academic, and legal experts predict that Iraq is on the path to a radical banking transformation that will transform the national economy from its dependence on oil to a diversified and sustainable capital market.
Experts: Liberation From The Rentier Economy Occurs Through Modern Banking.
June 2, 2025 Baghdad - Qusay Munther Banking, academic, and legal experts predict that Iraq is on the path to a radical banking transformation that will transform the national economy from its dependence on oil to a diversified and sustainable capital market.
Banking Power
“The United Nations mission confirmed that Iraq possesses strong components that qualify it to become a regional banking power in the coming years, provided that available opportunities and capabilities are effectively invested,” said expert Anwar Dawood Al-Khafaji in a statement received by Al-Zaman yesterday.
She added that “the Iraqi banking sector, which has suffered for decades from serious challenges such as wars, sanctions, corruption, and mismanagement, is now witnessing important transformations, represented by the adoption of modern banking reforms, the move towards financial inclusion, and linking Iraqi banks to international networks.”
She pointed out that “the United Nations mission believes that Iraq possesses significant liquidity and huge cash reserves, in addition to a strategic geographical location between the markets of the Gulf, Turkey, and Iran, which enhances its chances of becoming a regional financial center.”
Al-Khafaji explained that “transforming into a banking power is not limited to modernizing the infrastructure alone, but rather requires building an integrated financial system characterized by transparency, efficiency, and trust, and attracting capital and investments,” stressing “the importance of establishing a modern banking culture based on financial inclusion, digitization, and compliance with international standards, stressing that this will redraw the map.”
The national economy and enhances the status of the Iraqi dinar), and she went on to say that (the development of the banking sector will create a suitable environment to attract local and foreign investment, and provide financial support to small and medium enterprises that form the backbone of any productive economy, especially since these developments will positively reflect on stimulating the market and moving the wheel of industry, agriculture and trade, away from excessive dependence on oil), and she pointed out that (citizens will benefit directly from this transformation through the provision of easy financial services such as loans, payment cards and savings accounts, in addition to improving financial stability and reducing the parallel economy that burdens the state and citizens)
Strong Will
He continued, saying, "There is a need for strong political will to support the independence of the Central Bank, develop human resources in the banking sector, and firmly combat financial corruption, as trust is the cornerstone of building true banking strength.
It cannot be bought, but rather earned through commitment, transparency, and achieving tangible results." For their part, bankers said, "Iraq's success on this path will transform the country into a vibrant financial center in the heart of the Middle East," highlighting that, "This is the transformation the economy needs, the citizen deserves, and future generations await." LINK
Baghdad markets witness a rise in dollar prices at the opening of trading on Tuesday.
Time: 2025/06/03 10:27:18 Reading: 2,190 times {Economic: Al Furat News} The US dollar exchange rate rose this morning, Tuesday, in Baghdad markets. The prices are as follows: The selling price is 142,500 Iraqi dinars for $100, and the buying price is 140,500 Iraqi dinars for $100. LINK
Gold Retreats After Approaching A Four-Week High
Money and Business Economy News - Follow-up Gold prices fell on Tuesday, after approaching a four-week high, as a modest rise in the dollar pressured the yellow metal. However, uncertainty over the US-China trade deal kept investors cautious and limited gold's decline.
Spot gold fell 0.3% to $3,369.98 per ounce by 02:49 GMT, after hitting its highest level since May 8 earlier in the session. U.S. gold futures were steady at $3,390.
The yellow metal rose about 2.7% in the previous session, recording its strongest daily performance in more than three weeks.
"The dollar has recovered a bit and gold has fallen, so they are inversely related at this point," said Brian Lan, general manager at GoldSilver Central in Singapore. But he added that gold still closely tracks developments related to global trade. The dollar index recovered slightly from a six-week low.
The White House said on Monday that US President Donald Trump and his Chinese counterpart, Xi Jinping, are likely to speak this week, days after Trump accused Beijing of violating an agreement to reduce tariffs and trade restrictions.
The United States is set to double tariffs on steel and aluminum imports to 50% starting Wednesday, the deadline set by the Trump administration for countries to submit their best proposals in trade negotiations.
Meanwhile, a memo published by Russian media showed that Moscow informed Kyiv during peace talks on Monday that it would only agree to end the war if Kyiv ceded significant new territory and accepted limits on the size of its military.
As for other precious metals, spot silver fell 2.1% to $34.07 per ounce, platinum was steady at $1,062.46, and palladium rose 0.1% to $990.26. https://economy-news.net/content.php?id=56135
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Bizarrely, The “GENIUS Act” Might Actually Be Pretty Genius…
Bizarrely, The “GENIUS Act” Might Actually Be Pretty Genius…
Notes From the Field By James Hickman (Simon Black) May 30, 2025
Peter Schiff isn’t just my partner at Schiff Sovereign-- we’ve been close friends for many years. And we generally see eye-to-eye on most things going on in the world.
But one area where we disagree is crypto. Not to put words in his mouth, but Peter is pretty vocal in his criticism of Bitcoin; he says it’s “useless” and a “total scam” and predicts it will go to zero.
Bizarrely, The “GENIUS Act” Might Actually Be Pretty Genius…
Notes From the Field By James Hickman (Simon Black) May 30, 2025
Peter Schiff isn’t just my partner at Schiff Sovereign-- we’ve been close friends for many years. And we generally see eye-to-eye on most things going on in the world.
But one area where we disagree is crypto. Not to put words in his mouth, but Peter is pretty vocal in his criticism of Bitcoin; he says it’s “useless” and a “total scam” and predicts it will go to zero.
I disagree. There are a number of important use cases for crypto-- whether as a speculative asset for capital gain, a store of value, a digital currency for online transactions, a private means to hold wealth, a way to disconnect from the banking system, etc.
This isn’t a “scam”. Rather, it’s useful, functional technology… which is why I recommended it to my audience as far back as March 2013.
Obviously crypto has deep flaws and areas to improve. And just like in any frontier boom, plenty of thieves and lunatics have emerged. But to judge crypto based on the misdeeds of Sam Bankman-Fried is like condemning the stock market because of Bernie Madoff.
All that said, there are still plenty of things that I’m skeptical about.
For example, I think there’s a bizarre disconnect between Bitcoin’s market cap and its actual value; I recognize that Bitcoin is the original cryptocurrency, and there’s some ‘brand value’ associated with that.
But as the oldest cryptocurrency, it’s also the most technologically obsolete… therefore it should not be the most valuable; no other sector places the highest value on the most obsolete technology. Only crypto. And that’s a bit odd.
There are plenty of other oddities; for example, it’s strange that the company Strategy (formerly Microstrategy) has an enterprise value of $112 billion, even though its only asset is $61 billion worth of Bitcoin.
In other words, the company is worth nearly twice as much as the Bitcoin that it owns; this is bizarre and doesn’t make any sense.
I’m also extremely skeptical of the US government’s involvement in crypto; the pre-election promises of starting a Sovereign Wealth Fund to own Bitcoin struck me as completely ludicrous.
I mean… think about it: one of the things that would drive up the price of Bitcoin is excessive government spending. So rather than cut spending, the government wants to own an asset that will benefit from their own financial irresponsibility. It’s back asswards in my humble opinion.
Naturally I was also skeptical when I heard about the GENIUS Act (Senate bill 394) to regulate crypto.
Then I read the legislation. And I concluded that the GENIUS Act might actually be pretty genius.
GENIUS stands for “Guiding and Establishing National Innovation for US Stablecoins”. Something tells me ChatGPT came up with that.
And the basic idea is for state and federal regulators to authorize “Permitted Stablecoin Issuers” who could… well, do just that-- issue stablecoins.
States can issue their own licenses and permits to stablecoin businesses. But once a particular coin passes a $10 billion market cap, it must be regulated by the Feds.
Here’s the smart part: in the definition of stablecoins, they include anything that owns short-term Treasury bills. So, through this legislation, they are creating an entirely new class of investors who would purchase US government debt.
This is pretty important, because the Treasury Department is in sore need of new lenders.
Foreign investors are fleeing the Treasury market; after decades of being considered the world’s “risk-free asset”, foreign governments and central banks are aggressively reducing their dollar holdings.
This is THE primary reason why the gold price has come so high: foreign governments and central banks have been cashing in their Treasury bonds, then trading that US dollar cash for gold.
Given that the “One, Big, Beautiful Bill” calls for another $2 trillion deficit this fiscal year, Treasury is going to need all the lenders it can get.
Remember that stablecoins (especially under this legislation) are basically just money market funds in disguise; they pool capital and buy government bonds.
So, this GENIUS Act is essentially a way of tapping crypto wealth and diverting that capital into Treasury securities.
It’s a clever idea. But frankly it would be a lot better if the government simply cut spending rather than come up with innovative ways to finance the deficit.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
Dr. Scott Young: Faith and Evidence in the Deletion of the IRS and the Fed
Dr. Scott Young: Faith and Evidence in the Deletion of the IRS and the Fed
6-2-2025
We’ve all heard the saying, “I’ll believe it when I see it.” It’s a common expression, often used to express skepticism or a desire for concrete proof.
But what if that very mindset is preventing you from experiencing the blessings in your life? What if the act of believing, of operating in faith, is the key to unlocking a brighter future?
Dr. Scott Young: Faith and Evidence in the Deletion of the IRS and the Fed
6-2-2025
We’ve all heard the saying, “I’ll believe it when I see it.” It’s a common expression, often used to express skepticism or a desire for concrete proof.
But what if that very mindset is preventing you from experiencing the blessings in your life? What if the act of believing, of operating in faith, is the key to unlocking a brighter future?
This isn’t about blind adherence to unsubstantiated claims. It’s about recognizing the potential for positive change and embracing the possibility that things can be better.
Consider the growing concerns surrounding the Federal Reserve and the national debt. The sheer weight of Treasury Bonds and the potential inability to finance them have led some to believe the Fed is on an unsustainable path.
Beyond the financial realm, many question the necessity of the IRS in providing essential government services. Is it possible to function effectively without this institution constantly taking from the people? The possibility, and perhaps the potential benefits, are compelling.
For years, figures like Dr. Scott Young have been discussing scenarios that involve the deletion of institutions like the IRS and the Fed. This vision, though seemingly radical, may align with a longer-term plan, reportedly championed by President Trump, rooted in his purported background as an economist aiming to fundamentally fix our country’s financial structure.
Now, this isn’t an endorsement of any particular political figure or a guarantee of specific outcomes. Instead, it’s a call to open our minds to the potential for change and to consider a different perspective.
The saying “seeing is believing” often limits us to the present, to what we can already perceive. Operating in faith, however, allows us to envision a future we actively want to create. It allows us to see possibilities where others see only problems.
What if, instead of demanding to see the evidence before believing in a potentially brighter future, we considered the possibility that believing in that future is the first step towards manifesting it?
Ultimately, the choice is yours. Will you wait to see the evidence before believing? Or will you embrace the possibility of a better future and operate in faith, potentially unlocking the blessings that await? This isn’t about blind faith; it’s about recognizing the power of belief and its potential to shape reality. It’s about choosing to see the potential for good, even when it’s not immediately visible.
Tuesday Coffee with MarkZ. 06/03/2025
Tuesday Coffee with MarkZ. 06/03/2025
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: GM Markz, Mods, Everyone & friends
Member: RV there yet?
Member: Did Jerome Powell step down from the Fed?
MZ: I have not been able to confirm that. There are many rumors everywhere.
Tuesday Coffee with MarkZ. 06/03/2025
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: GM Markz, Mods, Everyone & friends
Member: RV there yet?
Member: Did Jerome Powell step down from the Fed?
MZ: I have not been able to confirm that. There are many rumors everywhere.
Member: Will the RV be delayed by Iraq elections coming up this year.?
MZ: Sudani said he would increase the purchasing power of the dinar during his term. That is going to end this fall…so we know he is on a short fuse to get things done before the election.
MZ: “The coordination framework calls for resolving disputes between the centre and the region through the legislation of the Oil and Gas Law” this is a dominate theme in the news this morning. 15 years ago – I was told that when this was done- we go…..and quickly. I love seeing this enormous amount of political pressure. This law should be before parliament before the middle of June.
Member: The oil and gas law needs the rate. We are not waiting on it to RV. Rate exposed and then the Oil and Gas law is approved. We won’t care at that point. IMO
MZ: “Sudani confirms financial obligations to the Kurdistan Regional government and the approval of the Oil and Gas Law”
Member: MarkZ: Bara said his bond contact said payment today…. What about your bond contacts???
MZ: I have more bond folks with expectations for this coming weekend. There seems to be some sort of push from many sources to between the 7th and the 9th.
MZ: Nothing new on CMKX ect…….
Member: It sure would be nice if they'd just flip the switch on this, Seriously what's the hold up?
Member: Maybe we are waiting on new asset backed currency….or maybe they are waiting for audits of the Fed and UST to get done??????
Millionaires: Jamie Diamond said yesterday that Chase Bank will be offering services that will WOO millionaires
Member: Many European Banks are closed next Monday
Member: Remember as of July 1, in 30 days, Basel III compliance becomes LAW
Member: I feel as though this weekend has a very good chance to be the one we await...
Member: Thank you, Mark for what you do you’re definitely my inspiration in this whole process. Keep it going, brother.
Member: See everyone tonight……have a great day.
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
News, Rumors and Opinions Tuesday 6-3-2025
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.
Restored Republic via a GCR: Update as of Tues. 3 June 2025
Compiled Tues. 3 June 2025 12:01 am EST by Judy Byington
What We Think We Know as of Tues. 3 June 2025:
The Quantum Financial System Global Currency Reset has been saved from massive cyber-attacks targeting the CBDC infrastructure and central banks. They were coordinated assaults designed to crash economies and create global unrest. Digital vaults were locked, access rerouted and banking strongholds in Switzerland, Tokyo and London were now under Alliance occupation.
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.
Restored Republic via a GCR: Update as of Tues. 3 June 2025
Compiled Tues. 3 June 2025 12:01 am EST by Judy Byington
What We Think We Know as of Tues. 3 June 2025:
The Quantum Financial System Global Currency Reset has been saved from massive cyber-attacks targeting the CBDC infrastructure and central banks. They were coordinated assaults designed to crash economies and create global unrest. Digital vaults were locked, access rerouted and banking strongholds in Switzerland, Tokyo and London were now under Alliance occupation.
Sun. 1 June 2025: President Trump has officially (allegedly) ABOLISHED the IRS. In its place: the External Revenue Service, a new weaponized financial system designed to TAX FOREIGN POWERS — NOT the American people. …Charlie Ward and Friends on Telegram
April 2, 2025 is now LIBERATION DAY. The day the income tax DIED. “We’re done taxing Americans to death. The world will pay US.” That’s the message from Trump. Clear. Final. Explosive.
No more income tax. No more audits. No more fear. The middle class has been unshackled. The IRS — once a Deep State bludgeon — is GONE.
Trump’s ERS will collect funds directly from foreign imports and offshore profiteers. That means massive tariffs on Chinese goods, Mexican produce, foreign oil, European alcohol, luxury yachts — the parasites that fed off us for decades. Now THEY pay. Not YOU.
$700 BILLION annually. That’s the projected revenue from tariffs alone. Enough to run the federal government without touching your paycheck. This isn’t reform — it’s economic WAR — and Trump just dropped the bomb.
“The IRS was a WEAPON. Now it’s dead.” Gone are the days when DC used the IRS to silence patriots, intimidate dissent, and crush the working class. It’s over. The beast has been slain.
“The American worker is not a piggy bank anymore,” Trump declared, fist clenched. “The rest of the world is going to PAY. And we will be RICH again. FAST.”
The External Revenue Service isn’t just a department. It’s a SWORD. And a SHIELD. It’s the financial arm of a Restored Republic.
All across America, the reaction is pure electricity. Veterans salute. Families cry. Small businesses cheer. “I’ve paid taxes for 45 years,” said one retired welder. “Today, I’m free.”
~~~~~~~~~~~
Global Currency Reset:
Mon. 2 June 2025 TNT: TNT is saying he’s expecting this to go imminently. They are ready and could start this at any time. They are hoping to hear after 5pm today and us setting appointments for tomorrow. There are those telling him it might also be going tomorrow (Tuesday) after 5pm. Democracy Dave also chimed in to say that he has contacts corroborating everything Tony is saying.
~~~~~~~~~~~~
Mon. 2 June 2025 The New Global Quantum Financial System …QFS on Telegram
The signing of a historic treaty by 209 nations marks the beginning of the greatest financial transition in modern history. The world is about to (allegedly) witness the birth of a new, fair, and gold-backed financial system under GESARA.
For decades, global currencies were manipulated to serve the few. Countries were trapped in cycles of debt, with their wealth extracted through central banks and fiat deception. That ends now.
The treaty also unlocks a Prosperity Fund to finance humanitarian projects worldwide—schools, hospitals, clean water, housing, and restoration.
A Wealth Redistribution Program will (allegedly) ensure that every individual on Earth receives a share. Not just countries, but people. Every QFS account is linked to the individual owner’s biometric ID. Every transaction is instant, uncorrupted, and untraceable by outside forces.
The Stellar Network opens access to secure digital wallets, even in the most remote corners of the world. Individuals no longer need permission from corrupted systems to participate in the global economy.
QFS debit cards, secured by biometric verification and quantum encryption, are replacing them permanently. No more fraud. No more hidden fees. No more theft disguised as bank
Military units are now overseeing the logistics, security, and data coordination of the RV rollout. Secure transport of physical currency, protection of financial institutions, and quantum-level fraud prevention systems are already in motion.
All of it is being done in tandem with international regulators to ensure lawful transition. Training has been underway for months. Financial authorities, central bank whistleblowers, and White Hat insiders are guiding the shift. Military intelligence teams are tracking illicit money flows and freezing cabal assets as we speak.
The old system is disintegrating as banks collapse, payment giants are stripped of power.
The banks were engines of global exploitation. Deutsche Bank, HSBC, JP Morgan—names that laundered trillions for the cabal—are being neutralized. The days of VISA, Mastercard, PayPal, and Stripe exploiting humanity are ending. Everything you knew about money, credit, and ownership is being rewritten from the ground up.
The treaty signed unlocks the revaluation of currencies: some down, but some up like the Iraqi Dinar, Vietnamese Dong, and Zimbabwe ZIM.
Read full post here: https://dinarchronicles.com/2025/06/03/restored-republic-via-a-gcr-update-as-of-june-3-2025/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat ...we read about the UN praising Iraq for its efforts in AML in article titled “UNITED NATIONS: WE BELIEVE IN IRAQ’S RETURN TO ITS POSITIVE ROLE.” Quote: “The United Nations believes in Iraq and Iraq’s return, and believes that good governance, transparency, and international transition are not just slogans, but rather pillars toward a transparent economy that interacts with the region and the world.” Are they getting ready for the next step which is…RV time!
Walkingstick It's all coming together. It's all coming to a point. That is a pretty strong statement to release such words [UN saying Iraq will be a banking powerhouse in the coming days]...This is very good...It's a very big deal. It removes any doubt of what the CBI is doing with their banks and the monetary reform.
*******************
Iraq Al Sudani Changes Lanes How This Affects Us
Edu Matrix: 6-3-2025
Breaking News from Baghdad! Prime Minister Mohammed Shia Al Sudani is officially entering the 2025 Iraqi elections under a powerful new coalition.
The Construction and Development Alliance. This bold political move unites major figures across the spectrum, including leaders from the Furatayn Movement, National Contract Coalition led by Falih Al-Fayyadh, Wataniya Coalition led by Ayad Allawi, and several others such as Nassif Jassim, Ahmed al-Asadi, Mohammed al-Sahyoud, and Mohammed Sahib al-Daraji.
Set for November 11, 2025, the Iraqi parliamentary elections will determine the future of all 329 Council of Representatives seats—and this new alliance is shaking up expectations. What does this mean for the Iraqi people? Is a new era of leadership and unity on the horizon?
Watch now for an in-depth look into the political alliances in Iraq, the stakes of the Iraqi government elections, and what role Al Sudani’s coalition will play in shaping the nation’s future. Don’t forget to like, share, and subscribe for real-time updates on the Middle East’s shifting political landscape.
'Rich Dad Poor Dad' Author Warns 'The Biggest Crash In History Is Coming'
'Rich Dad Poor Dad' Author Warns 'The Biggest Crash In History Is Coming'
Anand Sinha Mon, June 2, 2025 TheStreet
Robert Kiyosaki, the author of the bestselling book "Rich Dad Poor Dad," has issued another stern warning about the market.
The personal finance writer recently took to X to voice his persistent concern about "the biggest crash in history" that he says is coming as predicted in his book, "Rich Dad’s Prophecy" (2013).
When the stock, bond, and real estate markets crash this summer, millions of people, "especially my generation of boomers," will be wiped out, he warned.
'Rich Dad Poor Dad' Author Warns 'The Biggest Crash In History Is Coming'
Anand Sinha Mon, June 2, 2025 TheStreet
Robert Kiyosaki, the author of the bestselling book "Rich Dad Poor Dad," has issued another stern warning about the market.
The personal finance writer recently took to X to voice his persistent concern about "the biggest crash in history" that he says is coming as predicted in his book, "Rich Dad’s Prophecy" (2013).
When the stock, bond, and real estate markets crash this summer, millions of people, "especially my generation of boomers," will be wiped out, he warned.
Robert Kiyosaki
@theRealKiyosaki
Do not say I didn’t warn anyone. As predicted in my book Rich Dad’s Prophecy (2013) the biggest crash in history is coming. I am afraid that crash time is now and through this summer. Unfortunately, millions, especially my generation of boomers will be wiped out when the stock and bond markets crash. The good news is millions who are proactive may become extremely rich… and as you know….I want you to be one of those who become very rich. To read more: LINK
However, Kiyosaki seemed to offer a way out to "proactive" individuals who can not only survive this crash but may even become "extremely rich."
Billions of traders will shift to gold and Bitcoin — the "digital gold," as Bitcoin proponents like to call it, Kiyosaki predicted. He placed his biggest bet on silver, though:
As per Kraken, Bitcoin was quoted at $104,446.51 at press time, 6.7% lower than its May 22 record high of $111,970.17. Gold was trading at $3,372.30 per oz. at press time, 4% lower than its Apr. 22 record high of $3,500.
Meanwhile, silver was exchanging hands at $34.58 at press time, 30% lower than its record high of $49.95 per oz. that it reached way back in January 1980.
It is this price dynamic of silver that Kiyosaki said he was going to exploit. Gold and Bitcoin are also on his cards.
The bestselling author asked his X followers:
What are you going to do tomorrow….grow richer or grow poorer? Please choose to get richer.
TO READ MORE: https://www.yahoo.com/finance/news/rich-dad-poor-dad-author-223000952.html
“Tidbits From TNT” Tuesday Morning 6-3-2025
TNT:
Tishwash: Central Bank: Liquidity is available, and our reserves exceed $100 billion
The Central Bank confirmed on Monday that liquidity is fully available, while indicating that reserves have exceeded $100 billion.
Mohammed Younis, Director General of the Bank's Investment Department, told the Iraqi News Agency (INA): "Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard." He pointed out that "the Central Bank's reserves have exceeded $100 billion, in addition to Iraq's large gold reserves, exceeding 163 tons."
Younis added that "the Central Bank is not an investment entity, but rather is concerned with managing Iraq's foreign exchange reserves," explaining that "the goal of these reserves is not to make profits, but rather to ensure reasonable returns."
TNT:
Tishwash: Central Bank: Liquidity is available, and our reserves exceed $100 billion
The Central Bank confirmed on Monday that liquidity is fully available, while indicating that reserves have exceeded $100 billion.
Mohammed Younis, Director General of the Bank's Investment Department, told the Iraqi News Agency (INA): "Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard." He pointed out that "the Central Bank's reserves have exceeded $100 billion, in addition to Iraq's large gold reserves, exceeding 163 tons."
Younis added that "the Central Bank is not an investment entity, but rather is concerned with managing Iraq's foreign exchange reserves," explaining that "the goal of these reserves is not to make profits, but rather to ensure reasonable returns."
He continued, "The reserves are managed according to well-thought-out policies based on high safety standards, and are invested in safe financial instruments that generate acceptable returns." He emphasized that "Iraq is on a good economic path." link
Al-Sudani and the Islamic Union Parliamentary Committee stress the importance of approving the oil and gas law.
Iraqi Prime Minister Mohammed Shia al-Sudani received a delegation from the Kurdistan Islamic Union Party's parliamentary bloc on Tuesday. The meeting discussed vital issues related to the relationship between the federal government and the Kurdistan Region.
During the meeting, the two parties emphasized the "need to find radical solutions, within the framework of the constitution and the law, regarding the Kurdistan Regional Government's financial obligations, based on the provisions of the budget law and the Federal Court's decision."
The importance of passing the oil and gas law was also emphasized, according to a statement from the Prime Minister's Office, referring to one of the most contentious issues between Baghdad and Erbil in years.
Al-Sudani explained that the government "is keen to meet citizens' aspirations and monitor their affairs throughout Iraq, based on its legal and constitutional responsibilities and the priorities and needs of citizens."
During the meeting, "a number of national issues and topics were discussed, as well as the government's implementation of its service and economic program."
For their part, members of the Kurdistan Islamic Union parliamentary bloc pointed to "the importance of the strengthening of security and social stability, coupled with a comprehensive economic and urban renaissance," praising "the government's efforts in service-related issues and tangible reforms, and their positive impact on the lives of citizens across the country."
This comes as the Coordination Framework also affirmed the federal government's commitment to guaranteeing the rights of all citizens, noting at the same time that the enactment of the oil and gas law represents the core of the solution between Baghdad and Erbil.
The Iraqi constitution devotes two articles to the issue of oil and gas, Articles 111 and 112, without addressing how the country's oil policy will be formulated. This was left to the issuance of the Oil and Gas Law, which, after two decades and the current Iraqi government's pledge to issue it within six months, remains unclear when it will be issued. link
****************
Tishwash: After the dollar stabilizes, the Sudanese Central Bank directs that price manipulators be held accountable (document)
Prime Minister Mohammed Shia al-Sudani issued an "important" directive today, Monday (June 2, 2025), to the departments responsible for combating economic crime to pursue and hold accountable those who manipulate prices, especially owners of food, medicine, bakeries and ovens.
According to a letter issued by the Prime Minister's Office, received by "Baghdad Today", al-Sudani's directive "comes after Iraqi markets witnessed a noticeable stability in the exchange rate of the US dollar against the Iraqi dinar, at a time when some weak-willed people still insist on selling goods at the previous prices, which witnessed a significant increase during the period of the decline in the value of the dinar against the dollar."
He stressed that "this manipulation directly harms the citizen and requires decisive government intervention to impose oversight and enforce the law."
text of the document
May God's peace, mercy, and blessings be upon you.
M/Directive
In view of the stability of exchange rates (the dollar versus the Iraqi dinar), it was observed that some companies, merchants, and weak-willed individuals were exploiting prices or keeping them as they were without regard for market stability, especially food and medicine owners, bakeries, and ovens, due to their failure to adjust the selling prices of items that citizens need on a daily basis. There is no clear oversight role by the economic departments to follow up on these cases. After the Prime Minister - Commander-in-Chief of the Armed Forces was informed of the above content, His Excellency ordered the following:
The departments responsible for combating economic crime shall monitor and hold accountable those who manipulate prices and take the necessary legal measures against them.
Coordination with the Ministries of Trade, Agriculture, and Health to ensure the stability of the price ratio of items that affect the lives of citizens on a regular basis. link
Mot: .... Did You Know!!!!
Mot: Yet another ole ""Mot"" tip on Raising the ""Wee Folks""
The MM&C Iraq Dinar Update-Global ASYCUDA system-Pricing Changes-Taxation-Purchasing Power-Energy-WB
The MM&C Iraq Dinar Update-Global ASYCUDA system-Pricing Changes-Taxation-Purchasing Power-Energy-WB
6-2-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
The MM&C Iraq Dinar Update-Global ASYCUDA system-Pricing Changes-Taxation-Purchasing Power-Energy-WB
6-2-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraq Economic News And Points To Ponder Monday Afternoon 6-2-25
Central Bank: Liquidity Is Available And Our Reserves Have Exceeded $100 Billion
The Central Bank of Iraq confirmed on Monday that liquidity is fully available in both local and foreign currencies, revealing that foreign reserves have exceeded $100 billion, in addition to possessing a gold reserve exceeding 163 tons.
Muhammad Younis, Director General of the Bank's Investment Department, told the Iraqi News Agency (INA), "Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard," noting that "the Central Bank's reserves have exceeded $100 billion."
Central Bank: Liquidity Is Available And Our Reserves Have Exceeded $100 Billion
The Central Bank of Iraq confirmed on Monday that liquidity is fully available in both local and foreign currencies, revealing that foreign reserves have exceeded $100 billion, in addition to possessing a gold reserve exceeding 163 tons.
Muhammad Younis, Director General of the Bank's Investment Department, told the Iraqi News Agency (INA), "Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard," noting that "the Central Bank's reserves have exceeded $100 billion."
Younis explained that "Iraq also has a large gold reserve of more than 163 tons," indicating that "the Central Bank is not an investment entity, but rather is concerned with managing foreign exchange reserves according to well-thought-out policies and high security standards."
He pointed out that "the goal of these reserves is not to make profits, but rather to ensure reasonable returns through safe financial instruments," stressing that "Iraq is on a good economic path." https://www.radionawa.com/all-detail.aspx?jimare=41960
Al-Sudani Directs The Removal Of All Obstacles Hindering The Tax Reform Process
Monday, June 2, 2025 | Economic Number of reads: 327 Baghdad / NINA / - Prime Minister Mohammed Shia Al-Sudani issued a number of directives regarding tax reform during his visit to the General Tax Authority, today, Monday.
Al-Sudani directed, according to a statement by his media office, to remove all obstacles hindering the tax reform process. He also directed the Higher Committee for Tax Reform to prepare unified designs for model buildings for the Authority and its branches across Iraq, provided that the Ministry of Finance allocates the necessary lands.
The Prime Minister also directed to contact specialized international companies to submit bids related to the comprehensive tax system, while directing the Higher Commission for Coordination between Governorates to allocate technical employees, engineers and specialists in tax issues to work in the branches of tax units in the governorates.
He directed the Ministry of Communications to complete the network connection of the General Tax Authority and its branches in order to facilitate tax accounting, in addition to directing to resolve all problems related to employees in order to remove any obstacles to the work of the Authority.
The Prime Minister visited the General Tax Authority today, Monday, during which he toured the Authority's headquarters to review its work mechanisms. He met with the employees working there, the citizens who reviewed it, and the lawyers representing the companies.
Al-Sudani was briefed on a number of problems related to the tax sector and its workers, most notably the lack of infrastructure and the Ministry of Finance's weak follow-up of this Authority, starting with the failure to provide the amounts of notifications that could provide tax revenues, its delay in dealing with the issue of automation, and the lack of a main contracting party to conclude contracts with foreign companies specialized in this matter, as well as the problem of routine communication between the General Tax Authority and the Ministry of Finance, and other problems and obstacles facing the Authority that require the Ministry to pay the necessary attention to this vital institution.
He pointed out that there is a weakness in dealing with the reform packages developed by the Higher Committee for Tax Reform approved by the Prime Minister, and that they cannot be implemented due to some obstacles from within the Authority or by other official bodies. / End https://ninanews.com/Website/News/Details?key=1231375
Oil Prices Rise Despite Increased OPEC+ Supplies
Time: 2025/06/02 Read: 2,115 times {Economic: Al Furat News} Oil prices rose by more than $1 per barrel in trading on Monday, after the OPEC+ group decided to increase production in July at the same pace it has adopted over the past two months, in line with market expectations.
Brent crude futures rose to $64.44 per barrel, after ending Friday's session down 0.9%. US West Texas Intermediate crude also rose 2.8% to $62.54, after a slight decline of 0.3% in the previous session.
However, both crudes ended last week down more than 1%.
This price surge follows a decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies on Saturday to increase production by 411,000 barrels per day in July, marking the third consecutive monthly increase. The group, known as OPEC+, seeks to regain market share and enforce discipline on members who have exceeded their production quotas.
The group was expected to consider raising production at a higher rate, but the decision was in line with expectations. LINK
Gold Prices Rise In Baghdad And Erbil Markets
Monday, June 2, 2025 | Economic Number of reads: 176 Baghdad/ NINA / The prices of "foreign and Iraqi" gold rose in the local markets on Monday, in Baghdad and Erbil.
The selling price of one mithqal of Gulf, Turkish and European gold, 21 carats, in the wholesale markets on Al-Naher Street this morning was 667 thousand dinars, and the purchase price was 663 thousand dinars.
The selling price of one mithqal of 21 carat Iraqi gold was 637 thousand dinars, and the purchase price was 633 thousand dinars.
In goldsmiths' shops, the selling price of one mithqal of 21 carat Gulf gold ranged between 670 thousand and 680 thousand dinars, while the selling price of one mithqal of Iraqi gold ranged between 640 thousand and 650 thousand dinars.
In Erbil, gold prices also witnessed a rise, as the sale of 24 karat gold reached 765 thousand dinars, 22 karat gold reached 700 thousand dinars, 21 karat gold reached 670 thousand dinars, and 18 karat gold reached 575 thousand dinars. / End https://ninanews.com/Website/News/Details?key=1231347
The Dollar's Price Rose Against The Dinar In Local Markets
Monday, June 2, 2025, | Economic Number of readings: 124 Baghdad / NINA / The price of the dollar rose against the dinar, Monday afternoon, in the markets of Baghdad and Erbil, with the closing of the stock exchange.
The price of the dollar witnessed a rise in the Al-Kifah and Al-Harithiya stock exchanges, recording 141,700 dinars for every $100, while this morning
it recorded 141,300 dinars for every $100. The selling price rose in exchange shops in the local markets in Baghdad, recording 142,750 dinars for every $100, while the purchase price reached 140,750 dinars for every $100.
In Erbil, the dollar also recorded a rise, as the selling price reached 141,550 dinars for every $100, and the purchase price reached 141,450 dinars for every $100. /End https://ninanews.com/Website/News/Details?key=1231403
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/