Expect a Gold-Backed Chinese Yuan

Expect a Gold-Backed Chinese Yuan

Liberty and Finance:  6-6-2025

The global financial system teeters on the precipice of a seismic shift, according to renowned financial analyst Alasdair Macleod.

In a recent interview with Liberty and Finance, Macleod issued a stark warning: the U.S. bond market is dangerously mispriced, and the consequences could be catastrophic.

Macleod argues that rising interest rates are failing to compensate for the burgeoning credit risks inherent in U.S. Treasuries, particularly for foreign investors. This mispricing, he believes, stems from a fundamental misunderstanding of risk within the market, a situation exacerbated by declining confidence in the very foundation of the Western financial system: U.S. government bonds.

While the West remains tethered to the increasingly precarious world of fiat money, Macleod points to China’s strategic accumulation of gold over the past decades as a game-changing move.

China’s objective, according to Macleod, is clear: to internationalize the yuan and eventually back it with gold, offering a tangible alternative to the dollar’s weakening grip on global trade.

This highlights a fundamental difference in perspective. While Western nations cling to the illusion of control through fiat currencies and increasingly invasive Central Bank Digital Currencies (CBDCs), China recognizes the timeless value of gold as real money.

Macleod argues that everything else, including government bonds and CBDCs, is merely credit or a tool for political control.

Macleod’s analysis paints a grim picture of the future, dominated by rising geopolitical tensions, weakening global currencies, and the looming threat of a bursting credit bubble. The sheer scale of this bubble, he warns, is unprecedented in history.

In light of these impending economic storms, Macleod urges individuals to prioritize wealth preservation, emphasizing the enduring value of physical gold. He contends that gold serves as a vital hedge against the risks inherent in the current financial climate, acting as a safe haven amidst the turmoil and uncertainty.

Macleod’s analysis is a sobering reminder of the fragility of the global financial system. His call to action serves as a vital warning, urging individuals to reconsider their financial strategies and prioritize the preservation of their hard-earned wealth in the face of growing economic and geopolitical instability.

As the canary in the coal mine falls silent, individuals must heed the warning and prepare for the turbulent times ahead. The clock is ticking.

https://youtu.be/88JXAHjc1DU

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

TNT:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Mot:  .. Good Grief!!! – LOL 

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

Enough Talk... Let's See Some Action! by Dr. Dinar

Reposted per Request:   Thank you Dr. Dinar!!!

Enough Talk... Let's See Some Action! by Dr. Dinar

I don't know about you but I'm pretty much done.

To the point where I'm done hearing it's done.

As in everything's done.

Done... duh duh duh DONE!

Like, really done.

Done to the point where there's nothing left to do.

Nothing left to do because it truly is done.

That's definitely closer to my definition of the word done.

Admittedly, I like everything I eat to be well done.

Even to the point of refusing to eat Sushi unless it's well done.

So, perhaps I'm a bit more demanding when it comes to the true definition of the word done.

Nevertheless, it shouldn't be all that difficult to determine the difference between done and close to done but not actually done, therefore it's not done.

First place to start might be with the persistent rumors continually permeating all throughout Dinarland.

Rumors of everything being done.

How long have we been hearing that.

Seems to me, according to my Dinarland calendar, it's been done for at least the last few years.

And yet, here we are.

Not done.

Would we be hearing all these rumors if indeed everything truly were done?

Not likely.

On second thought, we might still be drowning in rumors but chances are they'd have a more post-process, after the GCR kind of feel to them as opposed to the same ol' this is our week or it's gonna pop this Saturday night or we're only expecting to do one more call, our Celebration call kinda rumors.

So please, don't get me wrong.

I'm not expecting Dinarland to go completely rumorless overnight.

i mean, let's not get crazy here.

But wouldn't it be nice to hear a different batch of rumors for a change.

An extremely welcome change to say the least.

Well, I for one would certainly love it anyway.

Even better yet, I'd enjoy seeing that it's done based solely on the number of zero's in my bank account.

That's the kind of proof I'd enjoy seeing.

As it is now I'm still unable to make a trip through the In-N-Out drive thru and order a Double Double with grilled onions, well done, and have any means of paying for it when it's done cookin', all wrapped up and ready for release.

Until that day comes, it's still not done.

And while I'm on the subject of phrases I can hardly wait to never hear again, let's start with it CAN happen today.

Sheesh, give it a rest.

As far as I'm concerned it could've happened any day over the past one thousand days.

Yes, I'm more than aware that they needed to reinvent the current banking system to accept the GCR formula as well as numerous other changes required to release the GCR.

But you get my drift.

Enough with the talk.

I'm ready for some action.

I want to know it WILL happen!

As in today.

Or any other day ending in "y".

Even better yet, I'd love to hear that IT HAS HAPPENED!

As in past tense, check your emails, make your appointment, grab your "To Go" bag and get to the Exchange Center ASAP!

Is that too much to ask.

Just a factual confirmation of completion, in whatever form it comes.

Be it an email, a barrage of posts all throughout Dinarland or a Piper Cub draggin' a giant banner across the sky with a 1-800-CALLNOW number plastered on it.

At this point, I'm not about to be picky.

I'm open to most any form of communication.

Make it a fortune cookie.

Why not a clever saying on a Starbucks cup.

Heck, at this point I'll settle for a homing pigeon with a Post-it note taped to its leg.

What I'm trying to say is I'm flexible.

Whatever it takes, just send me a for real signal of this thing having reached the end of the line.

Of actually reaching a conclusion.

Actually being concluded.

As in DONE.

Talk is cheap.

No more rumors.

We don't need any more stinkin' rumors, regardless of whose super secret source supplies 'em.

We need action.

Action, leading to results.

Results resulting in our receiving our exchange instructions.

I've pretty much had enough of the boy crying wolf.

To the point where I'm ready to sic the wolf on him and let him eat, just to get the kid to shut up.

As I mentioned earlier, enough already.

We've lived through the rumor stage of this adventure for far too long.

It's time to begin the action phase.

As we've always been told, actions speak louder than rumors.

And after all, isn't that exactly what a rumor is.

A bunch of words lined up in the form of a sentence, completely void of all action.

In other words, just words.

And words don't pay the bills.

So to whomever it may be that's supposedly working feverishly on completing the GCR, forever claiming we're close, please feel free to call it "close enough" and dispatch the "GO" email ASAP!

And to those out there rumored to still be throwin' wrenches, please feel free to close the lid on your toolboxes and call it a day.

You have to know when enough is enough.

And let's face it, enough is enough.

We all know this GCR thing is going to happen eventually, the rest of the world has committed to it.

Why not do the right thing by all involved and go ahead and release it.

Then we can all move on to something much more interesting.

Like life beyond Dinarland.

Hang in there folks.

According to the latest rumors, we're right on top of this thing and it has to happen soon.

If not, the entire global economy will crash.

And supposedly they don't want that to happen.

Or do they.

Who knows what they want.

Who even knows who "they" are.

Chances are they don't even know who they are, nor what they want.

Maybe that's why they can't seem to get anything accomplished.

They have no idea what it is they're supposed to be doing.

This thing is so compartmentalized that they forgot to create the "GO Signal"  Department.

At this point, anything's possible.

Anyway, don't let the rumors get you down.

Just do your best to hang in there, no matter what it takes.

Kindly,

Dr. Dinar

Disclaimer; I'm not a Wealth Manager, Financial Advisor, CPA, Tax Attorney, RV/GCR Committee member, a Federale of the Spanish Mounted Police, nor am I in search of the treasure of the Sierra Madre. I'm simply someone that chooses to believe in the power of positive thinking and on the odd chance this thing truly is real, I want to make sure I'm there at the finish line to enjoy it.

More News, Rumors and Opinions Thursday PM 6-5-2025

KTFA:

Clare:  The Central Bank is exploring the possibility of opening branches of Turkish banks in Nineveh Governorate.

June 05, 2025

The Director General of the Central Bank of Iraq/Mosul Branch, Dr. Hussein Lazem, discussed with the Turkish Consul General, Serhad Varli, the possibility of opening branches of Turkish banks in Nineveh Governorate.

Lazem provided a detailed explanation of the Central Bank's operating mechanism in Nineveh Governorate and its role in achieving exchange rate stability.

The two sides also discussed ways of cooperation between the Central Bank of Iraq and its Turkish counterpart, as well as the Turkish Banking Authority, particularly regarding the opening of branches of Turkish banks in Nineveh Governorate.

The latest developments in the financial and banking sectors in Nineveh Governorate were also discussed, particularly the automation of customs duties.

The two sides stressed the importance of increasing cooperation to increase trade exchange between the two countries, as well as financing and supporting projects in Iraq in the fields of agriculture, industry, trade, and others.

Central Bank of Iraq
Media Office
June 5, 2025

https://cbi.iq/news/view/2910

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

Clare:  Al-Sudani: Our industry has reached self-sufficiency, and we aim to convert oil exports into derivatives.

6/5/2025

Iraqi Prime Minister Mohammed Shia al-Sudani said on Thursday that local industries have reached self-sufficiency, revealing at the same time that the government is targeting the conversion of oil exports into "high-value and high-yield" derivatives.

 This came in a speech delivered by Al-Sudani during the celebration of National Industry Day, held by the Iraqi Federation of Industries.

 In his speech, Al-Sudani said that Iraqi industrialists have proven their ability to innovate and withstand challenges throughout the various periods that Iraq has gone through, adding, "After 2003, there was an ill-considered openness that flooded the Iraqi market with imports, and industrialists turned into traders and contractors."

He added, "Our industry has reached self-sufficiency in goods and products, from food industries to pharmaceuticals," stressing that "no economic reform will be achieved without national industry, and we have given the private sector a role in decision-making and setting priorities."

Al-Sudani also pointed out that "the government, for the first time, has included sovereign guarantees for private sector projects in the budget law... which has encouraged us to bring in modern technology, equipment, and production lines to develop and provide the product locally."

He stressed that "priority was given to the construction, food, and pharmaceutical industries," noting that "the Cabinet is prepared to go beyond decisions to protect local products, and we may even ban the import of a commodity if it is available locally." Al-Sudani stated, "We still need to achieve better investment in the petroleum products industry, which will increase their value."

He continued, "We aim to transform our oil exports into high-value, high-yield derivatives by creating an important petrochemical industry that is in demand for export."

 The Prime Minister concluded his remarks by saying, "We are moving forcefully to modernize the banking sector, increase control over border crossings, and limit the entry of substandard goods." LINK     

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

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

Militia Man  It's been many month, a long time, that we've heard any talk about the World Trade Organization but they're doing it again.  I don't think that's a coincidence.  It's obvious Iraq is pushing to go and integrate into the international financial system...All of this is coming together quite beautifully.  Article Quote "Iraq has made significant progress towards joining the World Trade Organization." ...Integration is inevitable as far as I can tell.

Clare   Article:  "Iraq is moving closer to WTO membership after completing comprehensive technical responses."   Quote: "Trade Minister Atheer Al Ghurairy revealed that Iraq has made significant progress on its path to joining the World Trade Organization, affirming Baghdad's serious commitment and transparency in meeting the requirements of this important international process.

Silver Outperforming Gold - What's Next? | Andy Schectman

Liberty and Finance:  6-4-2025

Join us for a live interview with Andy Schectman, CEO of Miles Franklin, as he discusses silver’s breakout past $34 per ounce and its outperformance over gold.

Schectman will also share insights on gold’s movement amid rising geopolitical tensions, including the escalating Ukraine-Russia conflict. Don’t miss this timely discussion on the shifting dynamics of the precious metals market.

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

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

Good Afternoon Dinar Recaps,

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

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

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

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

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

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

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

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

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

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

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

Corporate FOMO Fuels Bitcoin Balance Sheets

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

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

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

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

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

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

BRICS vs G7: Who Is Richer in 2025?

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

Richest Alliance in 2025: G7 or BRICS?

1. Alliance Overview

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

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

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

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

• Population: 800 million (10% of world)

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

2. Economic Comparison in 2025

• BRICS:

• Nominal GDP: $30–32 trillion

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

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

• G7:

• Nominal GDP: $45–50 trillion

• GDP (PPP): $45–47 trillion

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

3. Final Verdict: So Who Is Richer?

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

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

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

Investors are Betting on a US Default

Investors are Betting on a US Default

Heresy Financial:   6-4-2025

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

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

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

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

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

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

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

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

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

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

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

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

https://youtu.be/s77jl6p24OE

Thursday Coffee with MarkZ. 06/05/2025

Thursday Coffee with MarkZ. 06/05/2025

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 morning everyone, happy to see you all on this great Thursday morning!

Member: A long time ago….we were told that just before the RV/reset there would be lots of confusion, misinformation and chaos.  Then quiet…….I really hope we are in the quiet part right now

MZ: It is eerily quiet everywhere. I am salty that this is taking so long.

Member: I am salty too.,…but, I still believe!

Member: Mark I got me a hat says “salty crew” maybe we all need one? Haha

Member: Can’t be salty…you get accused of whining. Just sayin ….so I don’t speak anymore.

Member: We ARE moving forward...just havent hit Warp Drive yet...JUST IN: President Trump holds telephone conversation with Chinese President Xi Jinping to discuss trade.

Member: MTWGA= Make The World Great Again!!!!!!

MZ: I continue to hear from bond folks there is great expectations for the weekend.

MZ: Some historical asset sources believe the Russian/Ukraine flare up could slow things down…but bankers disagree. They believe things are moving forward as we speak.

Member: Isaac (bond holder) posted, he had his appointment today and should get his confirmation Tuesday or Wednesday.

MZ: “Economist: Expanding bank transfers contributed to the decline of the price of the dollar” they want us to know their banking reforms have been affective. Things are starting to operate through the international banking system.

MZ: “Oil Minister from London: Iraq will achieve self sufficiency in white products by the end of the year” In other words they say they are ahead of schedule.

Member: Could a less-corrupt nation have been selected as the trigger to get this all started?

Member: I think Sudani is trying…..But, They move at a snails pace in the Middle east….and many in the past were very corrupt…

Member: Most countries are corrupt anymore…..Nesara and Gesara are supposed to fix that -if it would ever happen.

Member:  There is a banking holiday in Iraq from the 6-10!  Cover for the RV?

MZ: Yes we are coming up on an extended banking holiday in Iraq. My sources are seeing older lower denominations from the Saadam Hussein era in circulation.

MZ: I was also told by one Iraqi whose spouse works in the banking industry that they are circulating a “cut-sheet” showing what the new lower denominations are going to look like in Iraq. That is a very good sign.

Member: Our banker was so excited to hear about it being close....she makes our wire transfers for silver

Member: This is like the last 10 min of a Hallmark movie…misunderstanding and then everything is fixed.

MZ: LOL- That is eerily accurate.

Member: Please God let this month be the month.

Member: I think we should all have a day of fasting and prayer to bring this to pass if we have faith the size of a mustard seed nothing shall be impossible to us -Matthew 17

Member: Let's do this thing. this weekend sounds good to me. been here 15 years and this is the closest we've ever been.

Member: Happy Birthday Blessings and Wishes for anyone celebrating today!

 StacieZ joins the stream today. Please listen to the replay for her information

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

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News, Rumors and Opinions Thursday 6-5-2025

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 Thurs. 5 June 2025

Compiled Thurs. 5 June 2025 12:01 am EST by Judy Byington

Wed. 4 June 2025 The Greatest Global Shift in Human History Is Underway. …Steve Bannon on Telegram

A Treaty Signed by 209 Nations Was (allegedly) Live For a Global Currency Reset To Gold/Asset-Backed Currencies, Activating a Financial Warfare Operation Designed To Destroy the Cabal’s Control.

Major Public Announcement At Any Moment

Expect official statements from financial authorities confirming the reset, possibly unveiling new currency rates or debt-cancellation policies. Be ready: when the signal goes out, millions will see proof of the new system.

Authority Statements: Central bank governors and financial ministers are on standby to speak publicly. Briefings will emphasize transparency, sovereignty, and the end of financial tyranny.

System Status: Technical monitoring dashboards are green across the board. I’ve confirmed that core QFS servers are handling simulated transaction loads flawlessly with no errors.

Market Readiness: Even traditional financial markets are adjusting: stock exchanges and currency platforms are poised to switch to the new asset-backed basis. New exchange rates may be published within hours.

The pieces are in place for history to unfold. Prepare to witness the global reset. Keep your notifications on, and when alerts arrive, follow the provided steps immediately. Trust the process — our era of true economic freedom is here.

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Global Currency Reset:

Judy Note: It is my understanding that Redemption Centers can give you a much higher rate on exchange of your currencies than can a bank. Zim can only be redeemed at a Redemption Center, not at a bank. They will be sending out notifications on how to obtain an appointment at a Redemption Center and such will be posted in my updates and on various Dinar websites.

At 3:03 EST on Tues. 3 June 2025 Operation Odin (QFS) was (allegedly) fully activated, EBS deployed through Starlink, banks closed, currencies cancelled, Sovereignty restored, codes active, accounts open, their system will freeze, yours will open. …Trump Family Channel, The 17th Letter (JFK Jr.), Julian Assange, Ben Fulford, WH Grampa on Telegram

Tues. 3 June 2025 MarkZ: “I have a number of Bond Contacts who are very excited that things will happen this week. They won’t give specifics, but are very excited.”

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Wed. 4 June 2025 June 3–6: Surge Protocol Confirmed in Western Europe and Canada …Nesara Gesara QFS on Telegram

Reports coming in from Frankfurt, Brussels, and Ontario confirm that onboarding for Tier 4B is now active in institutional segments. Several private banks have stopped onboarding new clients as of this morning. Why? Because internal systems are being redirected to the QFS framework.

I’ve reviewed two internal memos sent to treasury departments at mid-tier banks in the Eurozone. Both mention “temporary client blackout periods” and “transitionary fiscal recalibration.” That’s the corporate way of saying: we’re being unplugged from the fiat system.

What this means:
• Your onboarding is closer than you think
• Quantum values will soon overwrite your traditional account view
• Expect a blackout window between June 29–July 4

You will not be notified publicly. You’ll feel it first. Then you’ll see it.

Read full post here:  https://dinarchronicles.com/2025/06/05/restored-republic-via-a-gcr-update-as-of-june-5-2025/

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

Frank26  Question: "Does the Forex relate to what the rate will be?"  The Forex will allow it to grow externally.  That is called the float. 

Walkingstick  [Iraqi banking friend update] AKI: If I knew the date I still wouldn't tell you.  But I can tell you this, that all of the meetings we are having everyday with the US Treasury, IMF and the USA people is telling us, from our understanding of these meetings, that it is happening now.  

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:They're saying the exchange rate reform is officially enabled.  This is on TV...They said the first step one was the closing of the gap between the official rate and the street rate...They're telling us the official rate and the street rate are now getting close and that was the first phase.  Then they started to talk about...two more phases...The second phase will deal with the IMF and double-checking to make sure the Iraqi dinar has met all the global standards and the final step...will be engagement.  They are not giving us a date or details just the plans on currency rates plans...  FRANK:  This education is now at the point where it's ready to show you what they have been talking to you about.  You are so close.  This currency report blew me out of the water.  It's outstanding!​

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‘It Was Worth Zero’ - Billionaire Giustra Warns How Hyperinflation Wiped Out His Family

Daniela Cambone:  6-4-2025

“Hyperinflation had set in, and when he got his money, it was worth zero,” says Canadian businessman and billionaire Frank Giustra.

 In an exclusive interview with Daniela Cambone last year in Italy, Giustra recounts a deeply personal story from his childhood in Argentina, where his family lost everything to hyperinflation—an experience that revealed the devastating impact of currency collapse.

Watch the full interview to learn more about what shaped his views on gold, inflation, and the global financial system.

https://www.youtube.com/watch?v=pf-U8XPRbiU

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

Minister Of Trade: Iraq's Accession To The World Trade Organization Is A "Strategic Step"
Economy | 03/06/2025  Mawazine News - Baghdad -  The Ministry of Trade confirmed, on Tuesday, that Iraq's accession to the World Trade Organization is a "strategic step."

Ministry spokesman Mohammed Hanoun told Mawazine News that "Minister of Trade Atheer Al-Ghurairi announced today that Iraq has made significant progress in its accession process to the World Trade Organization.

" Hanoun added that "the minister explained that the national team responsible for completing the accession requirements has completed answering more than 450 technical questions submitted by the organization's members, which reflects Iraq's serious commitment and transparency in dealing with the requirements of this important international process."

Hanoun confirmed that the minister indicated that "the national team is fully prepared for the next round of meetings with the organization's General Secretariat and members of the working groups, and will represent Iraq with a unified position based on a national economic vision that seeks disciplined integration into the global economy."

+The minister also noted that "accession to the World Trade Organization constitutes a strategic step to support the business environment, stimulate investment, and develop productive sectors, especially industrial and agricultural, thus enhancing Iraq's economic position regionally and internationally."

Hanoun concluded, "The Minister reiterated that the Ministry of Commerce, in coordination with relevant ministries and institutions, will continue its technical and diplomatic efforts to ensure the best results in the service of the supreme national interest."  https://www.mawazin.net/Details.aspx?jimare=262133

A Government Advisor Explains The Importance Of Increasing The Link Between Mineral Investment And The Development Of Manufacturing Industries

Economy | 04/06/2025   Mawazine News - Baghdad -  The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, explained today, Wednesday, that Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector, while stressing the importance of increasing the link between mineral investment and the development of national manufacturing industries.

Salih said in a statement followed by Mawazine News that "Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector, a sector that has been neglected for decades.

The government has signed memoranda of understanding with reputable international companies in the fields of mineral exploration and investment, especially in the fields of phosphate, sulfur, lithium and copper. This is within the framework of the strategic directions of the Iraqi government program to diversify sources of national income and optimally exploit the country's wealth."

He added, "Investment in the mining sector will contribute to attracting billions of dollars in fields ready for development, such as sulfur, phosphate, lithium, and other minerals."

He pointed out that "Iraq ranks first in the world in terms of the concentration of natural resources per square kilometer, and ninth in the world in the value of various natural resources, with an estimated value exceeding 16 trillion US dollars, according to published global estimates."

He explained that "the various reserves of land wealth constitute a diverse stock of minerals, foremost among which is phosphate: its reserves are estimated at more than 10 billion tons, and our country is second in the world in terms of reserves, and is concentrated in the Akashat area in Anbar Governorate. Second is free sulfur:

our country enjoys large reserves in Mishraq in Nineveh Governorate, which is considered one of the largest free sulfur fields in the world. The third is silica: in the Najaf region and western Iraq, and is used in the glass, electronics, and semiconductor industries. It is one of the most important and purest reserves in the world, according to published international estimates."

He continued: "Likewise, iron, manganese, copper, and gold are distributed across various regions of Iraq, especially in the Kurdistan Region and the western and central borders, except for southern Iraq, which possesses vast reserves of other rare natural resources."

He pointed out that "the policy of diversifying the national economy through the extraction and processing of mineral resources for national industries, and then adopting their export by maximizing (value-added chains) in manufacturing or semi-manufacturing industries, will add at least 10 percent to the GDP in the first phase."

He pointed out that "the percentage will then increase to form, over time, one of the pillars of diversifying national income sources, especially if the link between mineral investment and the development of national manufacturing industries grows, such as fertilizer, aluminum, glass, electronics, and battery industries related to renewable energy, in addition to the introduction of foreign capital, advanced technology and digital services, the provision of national job opportunities, and investment in the Iraqi people as a productive national energy." https://www.mawazin.net/Details.aspx?jimare=262148

Headed By The Prime Minister, The Higher Committee For Reconstruction And Investment Approves Several Projects

Economy | 04/06/2025   Headed by the Prime Minister, the Higher Committee for Reconstruction and Investment approves several projects.   https://www.mawazin.net/Details.aspx?jimare=262166

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

A Digital Tipping Error Gone Wrong

A Digital Tipping Error Gone Wrong

Victoria Vesovski  Wed, June 4, 2025  Moneywise

California Woman Thought She’d Left A $5 Tip Until She Saw It Was $5,000 — and was told it couldn’t be voided

Americans have long grumbled about tipping culture — but now digital checkout screens are turning that frustration into full-blown financial disasters.

Sometimes, the issue isn’t just pressure to tip — it’s how easy it is to make a costly mistake. One in five Americans say they’ve accidentally tipped more than intended on digital checkout screens, according to an exclusive Opinium poll for DailyMail.com on tipping culture.

That’s exactly what happened to Linda Mathiesen. While buying CBD pain relief gel at a store in San Bruno, California, she accidentally tipped $5,000 on a $129.28 purchase.

Mathiesen said she meant to leave a $5 tip, but the payment terminal didn’t show a decimal point, so when she entered “5000,” the system took it — literally.

At first, the clerk at San Bruno Exotic told her the charge couldn’t be reversed. Then the story shifted — he claimed the shop never received the money. But Mathiesen’s bank statement showed otherwise.

“I’m just livid because I’m like I’m not going to pay $5,000 for something I never intended to happen,” Mathiesen told ABC 7 News.

A tipping error gone wrong

For Mathiesen, a $5,000 tipping mistake wasn’t just a moment of panic — it became a financial crisis. As a special education teacher living on a fixed income, she didn’t have the cushion to absorb the hit. With no emergency savings to fall back on, the charge was devastating.

And she’s not alone. According to the U.S. News survey, 42% of Americans have no emergency savings, despite experts recommending three to six months’ worth of expenses.

Mathiesen contacted Wells Fargo within five minutes of the transaction, but says the bank has done little to help, despite its promise of “zero liability protection” for promptly reported fraud.

The bank’s website says its “built-in protection features ensure that you won't be held responsible for unauthorized transactions, as long as they're reported promptly.” Yet, a year later, Mathiesen is still fighting to get the charge reversed.

"I busted out in tears,” she told ABC 7 News. "My son is graduating college next week ... and I can't even buy anything for him because I have $5,000 outstanding ... now it's $5,500!"

It’s not as rare as you’d think

Digital checkout screens may speed things up, but one wrong tap can turn a routine purchase into a nightmare

It happened to Vera Conner, too. The Georgia woman was ordering her usual No. 4 Italian sandwich at Subway — priced at $7.54 — when she accidentally left a $7,112.98 tip.

TO READ MORE:  https://www.yahoo.com/finance/news/california-woman-thought-she-d-223000286.html

“Tidbits From TNT” Thursday Morning 6-5-2025

TNT:

Tishwash:  The Central Bank directs banks not to suspend their work except by a decision from the Federal Government

The Central Bank of Iraq directed banks and financial institutions not to suspend their work except by a decision from the federal government, not by holidays granted by local governments. 

Shafaq News Agency obtained a document signed by the acting deputy governor, Ammar Hamad Khalaf, and addressed to all authorized banks and non-banking financial institutions, which stated: “Based on Board of Directors Resolution No. (105) of 2025, it was decided that you (the general administration and branches) are committed to the official holidays determined exclusively by the federal government

In order to ensure the smooth flow of banking and financial services provided to citizens, and due to the nature of the connection between the work of various financial institutions and the work of this bank.”

Under this decision, all banks and financial institutions must adhere to official working hours when there is a holiday granted by the local governments in Baghdad and other provinces.  link

Tishwash:  The Central Bank signs a training agreement with the British Council.

The Central Bank of Iraq announced today, Wednesday, the signing of a training agreement with the British Council.

Al-Yenk said in a statement followed by Al-Masry, “Under the patronage of the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, the Central Bank of Iraq signed a training cooperation agreement between the bank and the British Council, in the presence of the British Ambassador to Iraq, Irfan Siddiq.

The agreement was signed on behalf of the Central Bank by the Director of the Human Resources Affairs Directorate, Falah Salim, and on the British side by the Director of the British Council, Ben Luton, and the Country Director of the British Council.”

He pointed out that "this agreement comes within the framework of enhancing joint cooperation between the two parties, aiming to develop the capabilities of Central Bank of Iraq employees in the field of the English language, through organizing specialized training courses in cooperation with the British Council, which contributes to raising linguistic proficiency and enhancing professional communication at the regional and international levels." link

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Tishwash:  The Liquidity Problem: Between the Central Bank's Response and the Effects of the Rent Model

Dr. Haitham Hamid Mutlaq Al-Mansour

Macroeconomic policy faces a liquidity and financing problem that directly impacts various aspects of economic and living life. The roots of this problem lie in accumulated structural imbalances that make it difficult to achieve sustainable financial stability. The declining capacity of the productive base has limited the accumulation of fixed capital and the contribution of real non-oil sector output, favoring near-total reliance on oil revenues, which constitute more than 90% of state revenues, to pay for imports.

 Because Iraq's traditional economic equilibrium cycle is virtually non-existent, liquidity management will be constrained by oil revenues. This situation makes the general budget's performance vulnerable to the shocks of fluctuating global oil prices, causing immediate financial crises manifested in the difficulty of financing projects and delayed payments for operational expenditures.

In the face of this challenge, the Central Bank's efforts to address it stand out through steps to reform the banking system and enhance banks' ability to manage liquidity by promoting financial inclusion, increasing banking sector productivity, creating a healthy competitive environment, and strengthening the banking system's ability to address risks.

 To sustainably address the liquidity and financing shortages at the strategic level, real technical reforms and an investment-attractive climate are required. The future of liquidity, therefore, depends on the ability of macroeconomic policy to unshackle rents, implement radical reforms in financial management, stimulate productive sectors, and direct spending.

Therefore, the liquidity shortage represents a complex phenomenon that goes beyond a temporary shortage of liquidity. It reflects deep structural imbalances in the financial and monetary structure, which requires an analysis that explores its structural roots, as follows:

The expansion of government spending in multiple directions, the most dangerous of which is the continued and clearly flabby employment within government institutions, and the failure to control, rationalize, and discipline spending within the constraints of basic budget items. This requires a genuine boost to private sector growth and freeing it from the "crowding-out effect."

The rentier nature of the economy, its overwhelming reliance on rentier revenues in the general budget, and the limited diversification of revenue sources outside this sector have reinforced the budget's dependence on fluctuating revenues from this sector, leading to a persistent government deficit.

The banking system's reduced flexibility in stimulating savings and deposits, which in turn reduces the ability of Iraqi banks to absorb liquidity from individuals in the form of deposits and savings.

The limited stability of the investment environment due to bureaucracy and legal gaps discourages investors from investing in important sectors, particularly infrastructure projects, which can generate external savings for investment activity, increase real GDP growth rates, and raise the level of fixed capital formation.

Implications of the growth of the informal economy: The informal economy is estimated to represent approximately 34% of GDP in the parallel currency market, controlling approximately 40% of dollar transactions. This increases the leakage of liquidity outside the formal economy's income cycle, which is targeted by budget allocations.

Iraq's 2023 budget amounted to approximately 198.9 trillion dinars, with a deficit of 65 trillion dinars, while the 2024 budget reached 211.8 trillion dinars, with a deficit of 84 trillion dinars. The 2025 budget was allocated due to the decline in global oil prices. Iraq exports approximately 100 million barrels of oil per month, and its price fluctuates, ranging between $68 and $72 last year. During the first 11 months of 2024, oil revenues amounted to 119 trillion dinars, at a monthly rate of approximately 10 trillion dinars, which was used to cover operating expenses. This exacerbated the growing government deficit, which is reflected in limited liquidity to cover budget expenditures, leading to an increase in government debt as the deficit grows.

It can be concluded from the above that technical measures, despite their importance and rapid response in the monetary and financial sectors to address the liquidity problem, remain limited as a long-term strategy for sustainable financing unless they are accompanied by deep, gradual reforms in the financial and real sectors that address the roots of the structural crisis and create a new formulation for the development financing approach. This approach works to develop a path for generating added value for the non-oil GDP and planning policies to develop this sector, increasing its productivity and exports while reducing imports by the same percentage.

The future of long-term development financing in Iraq depends on the economic system's ability to recover from a "rentier model" to a "diversification model."  link

Mot:  Finally - Ya Gets to Retire... Sleep in Late, Play Golf! -- then this Happens 

Mot:  Why I Asked!!! --- Why ????