They’ll Ignore It Until It’s a Crisis [Podcast]

They’ll Ignore It Until It’s a Crisis [Podcast]

Notes From the Field By James Hickman (Simon Black)  June 5, 2025

Think for a moment about how many times something has been whipped up into a national issue by either the big legacy media or prominent politicians.

The public has been subjected to what they call “a national conversation” about everything from transgender bathrooms to Confederate monuments to abortion rights to climate change.

Many of these issues only affect a few people. Sometimes more. But not once have these same media or political personalities elevated the ONE issue that could deeply and adversely impact hundreds of millions of people over the next few years.

I’m talking about the US national debt... and its runaway trajectory that could easily become a major financial crisis in a few years.

The impact crater for a US debt crisis is gargantuan. 350 million people in the US would have their lives turned upside down. Dozens of countries who rely on the US financial system would suffer tremendous pain. Billions of people would be affected.

Yet there’s hardly a word about it. Far more ink has been spilled debating who should use which bathroom. It’s crazy when you think about it.

Many of those same people who should be elevating this issue are now complaining that Elon Musk did a “complete 180” because he thinks the $2 trillion projected deficit from the new tax/spending bill is an “abomination”.

I don’t see how this is a 180. Before, during, and after the election, Elon has been laser-focused on personally trying to fix America’s biggest threat: the ticking debt time bomb.

His message hasn’t changed. And the guy sacrificed plenty of time, money, and reputation to personally try and stop the catastrophe that will come if these deficits aren’t dealt with.

At least a few other prominent voices are finally echoing Elon’s warning—like Jamie Dimon, CEO of the world’s biggest bank.

That’s progress. Because the legacy media sure as hell won’t start this conversation on its own.

And that’s exactly why it’s hard to imagine we’ll hit the critical mass of voters needed to force politicians to do the right thing and tackle the deficits.

That’s what we dig into in today’s episode.

We break down how even supposedly serious financial media—like the Wall Street Journal—refuses to report on just how dire this situation really is.

One recent piece from the Journal even mocked people for buying gold to protect themselves from the obvious outcome of inflation. This is utterly hilarious, of course, given that gold has been one of the world’s best performing asset classes for this entire CENTURY.

But, hey, to the Journal, I guess we’re all just a bunch of idiots.

Today’s podcast also covers:

• How everyone loves spending cuts... until you threaten their sacred cow (like taxpayer-funded Sesame Street)
  

• What runaway interest costs mean for your future—and to the future of the US dollar
  

• Why politicians won’t act until there’s a full-blown crisis—and what that will probably look like
  

• That the debt problem is “solvable”—and why JP Morgan Chase CEO Jamie Dimon agrees with the solution we’ve been saying all along
  

• Why slashing regulations needs to be part of that solution
  

• Why strategic assets like gold, silver, uranium, and platinum are now more important than ever.

You can listen in here.

(For the audio-only version, check out our online post here.)

CLICK HERE to listen to our latest podcast.

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

https://www.schiffsovereign.com/podcast/podcast-theyll-ignore-it-until-its-a-crisis-152910/?inf_contact_key=8a5d9eefd4c7eb9456526842267e29ab2ec2094b0cea6b68b61d0db7a8f697f7

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

TNT:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Mot: Oooooh Boy!!! –It was a    

Mot: Acts of kindness….

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

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

6-6-2025

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

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

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

Gerald Celente: The Dollar is Cooked

Gerald Celente: The Dollar is Cooked

6-6-2025

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

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

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

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

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

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

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

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

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

 Time Stamp References:

0:00 - Introduction

0:54 - Geo-Political Freakshow

5:02 - Top 2025 'Trends Journal'

7:47 - Tariffs & Manufacturing

11:00 - Media Monopolies

14:30 - Escalation Vs. Peace

17:57 - Global Economic Slowdown

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

23:44 - Trump & Interest Rates

 24:44 - Iran & Israel Nuclear Risk

 27:38 - Mentally Arrogant Rich

28:20 - We Need a Renaissance

31:09 - Focus on Your Health

33:45 - Wrap Up

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

Bruce’s Big Call Dinar Intel Thursday Night 6-5-25

Bruce’s Big Call Dinar Intel Thursday Night 6-5-25  

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. it is Thursday, june 5th and you're listening to the big call. Thanks for tuning in again, everybody. and thank you sat team for getting the signal out through the Starlink system, all over the globe. Thank you for everybody in big call universe tuned in and listening again Thursday night. We're happy to have everybody here, and we're going to get started.

Let's get into what the Intel is telling us now. Yes, we have been moved back a little bit. Yes, I thought we would get notified over the weekend, like a Saturday, Sunday. But then some other factors came in that moves us out a little bit, not too far early next week, and I'll define that in a minute.

What is happening is that there are a few additional banks, and I don't know how many that did not come to the party that did not bring in the QFS integrated. Not too many.

I think these are few leftover renegade banks that they're finding out about, and everybody is getting connected now, if they haven't already, they're getting connected to four systems, QFS - Starlink, satellite system, the blockchain technology and the FinTech system. Those four things are all being fully integrated in all banks throughout the globe, but we had a few in the US  I think that we're not quite there, so we're waiting for those to come

Now. we also think that that should be complete by Sunday night. So what else happens on Sunday? You've got the Forex  it comes back up at five o'clock.

Because remember, five o'clock Friday comes back up Sunday night. So 48 hours later, that comes up, and then trading begins either Sunday night or Monday, depending on what part of the world you're in. Okay, so that's going to be happening

Now we have  -- this is something that was interesting.

Remember how we talked about 24 currencies that are going up in value? I'm not sure what the total number is now, but I know, I know right now, one of those currencies is pending. It's still on the screen, but it's got pending note beside it -  that's a Russian ruble. Don't know why it's in pending mode.

The other two currencies that are coming on, that came on today, and the codes were entered for those additional two currencies were the Korean WON, calling it Korean, not North or South Korean, because I believe under GESARA, you may see this reunification of North and South Korea as one country like we had happen with Vietnam.

So keep in mind, that's a very real possibility. Don't know exactly when, but they both have a WON a W, O, N - WON, as their currency. So I think those two will come up with one rate for both north and south, and that would be and their unification, or reunification, is something we should be looking for.

The other currency that is been entered, code wise, has been entered on the screen today was the new Taiwanese. I'm calling it or new Taiwan dollar. NTD, new Taiwan dollar, notice that's $1 and not a yuan or yen or a or a WON, or anything else. It's just, it's cool. Cool name, new Taiwanese dollar. So that has been entered.

So we've got somewhere in the 24/25 26 range of currencies that are that are going up in value now we've got going to stay the same, some that are going to go down in value.

Don't know what those are yet. Don't have up to date rates yet on dinar, Dong and Rupiah and Zim, and we know  the Zim is right there at $1 it's not going anywhere. It's at $1 for us, and that's what we said it would be, and that's what it is.

So that's all good. You know, you've got a contract rate on the dinar, that is very, very good. It's approaching  a hundo, maybe five under, maybe five under, still in great shape on that. Dong is supposed to be very good. Don't have an up to date rate on that.

So those three currencies, I've been told we will be pleased with those rates. Now notice, I'm talking about the redemption center. You're not going to get a contract rate on dinar at the bank. You're not going to get the Zim traded in or turned in at the bank, only redeemed at a redemption center ok

The dong will  be traded at the bank But I don't think it's going to be as high of a rate as it would be at the redemption center, but it'll be a good rate. It'll be a very good rate,

All right, so what else is happening that gives us a timeline? You've got a holiday that starts tomorrow in Iraq, and you know what? I don’t know if It's on other countries as well. It is a Muslim holiday.

You remember we talked about Eid FTR in the past? This is Eid al Adwa, A, D W, A, A, D W, A, Dwar, E. I know what it means. I know it stands for, but I know what the holiday about. Rather than get into that, let me say it this way --  they are supposed to…. . Let's use the term revalue their Iraqi dinar over the weekend -  it starts Friday and ends on Monday , I think at sunset – Starts Friday -  Saturday, Sunday, Monday.

Now, reason I'm bringing this up is some of you might remember when he did our revalued. Guess what? It did? The same thing. It revalued over the four day holiday that they're celebrating now, I don't know if it was Eid al Fatiha, Eid al Adwa. I don't know, but I say that did happen over that four day holiday in Kuwait.

So are they? Are they following that pattern Iraq? Is are they following the pattern set up by Kuwait some 25  years ago? I believe they did. It was under President Clinton at the time, and if you guys look back and notice we had our budget balance two years in a row under Clinton.

Well, guess why? It's because we as a country were invested in Kuwaiti dinar. I think we might have learned something from then. You think we might have a little bit of dark treasury? You think we've got Zim in the treasury. You think we've got a few other currencies in our new US, restored Republic treasury. Oh yeah, we do. We got a bunch of it in there, tons of it, literally.

 All right, so why am I bringing this up? Because I think that this weekend, I've been told by our rocky sources, officially revalue the Iraqi dinar and bring it out. I'm going to say Monday or Tuesday probably  Tuesday

Now with that holiday happening  You know, why are we dependent on Iraq? Are we? They are the so called linchpin to all of these. Think we're just showing respect and just having value on their currency, and it could be quite a bit more than it was. I mean, we had a rate at the banks the other day on the dinar that was good. We had a really good rate. It's not where we're going to be on on the redemption center screens or on the contract rate at the redemption center, but it was still quite handsome of a rate.

So expect that to happen, and what does that do for us? Well, there's more. Wait, there's more. We have, from some sources, things that have happened today, and I can tell about a few of them.

One thing that we just that the IRS is doin, we're all going to believe that one when we see it, but I get that, but the IRS is on the IMF, the International Monetary Fund

 The other thing is the  SWIFT system. Remember, that was a system put in place by the Cabal so they could use your money instead of sending a swift what am I trying to say? Instead of sending a bank wire? Okay, that would get there in a day. Okay, we can go under the under the QFf system. It would take up to 13 days for money to be transferred to some countries  using the SWIFT system.

This is a way for the banks to use that money, trade on it, do whatever they want to do until that wire went through. And in some countries that you're sending stuff to Africa, it might take a little longer to get there. Well, the SWIFT system is supposed to be gone.

That means now that the quantum financial system, using Fen Tech - using the Starlink system, using the blockchain technology, you can actually do what's called a ledger to ledger transfer. It's almost like transferring your bank accounts at Chase Bank to another bank account at Chase Bank.

Okay, that's how simple it will become. And I believe, remember when you're setting a wire, you had ADA the American bank, American Banking Association, you had an ADA routing number, and then your you had your account number. You had to have both of them, exactly right?

Well, I think under the new system we probably won't need, and maybe I'm gonna wait and see what they actually use to transfer these. It's kind of like sending a  Zelle --  is something that's relatively new in the last couple of years, few years, and okay, now they limit the amount you can sell somebody.

It's easy to do, and there's no fees for it. There's no fees. Whereas International Bank wires, some banks are still charging 50 bucks to send a bank wire across the world.

All right, we're going to move on beyond that. So we've got those things that are eliminated. All right? What are they doing now?

What they're doing now is, and I mean as in yesterday and today and through the weekend, done by Sunday night, transferring our USD now to USN , it sounds like a pretty easy thing to designate the USD account to  a USN account

But whatever is involved - that's happening now, and I'm not a techno guy, as you guys know, so I don't know exactly what they're doing to be happening like today, and it should continue through, I think, Sunday night to be done.

The other thing is that with the USN and designating the United States note what it refers to, some call it USN  new, but it's okay, that's our new designation, or okay.

And the other thing is, remember, our currency is a Federal Reserve Note. Are we now what we've got in our pocket now, the cash? Well, the new money in a United States Treasury note that's great,   they are printing them now  and they’ve got them at the hanks  - In the drawers ready to go

They have had  them for at least two years at least in the drawers at the banks. And we also have them at the redemption center ready for us to go in, and I think their shrink wrap probably $1,000 bundles  at the  redemption centers.

 And those will be 100, 50s, 20, 10’s 5’s  and I think we're using old ones. I don't know that we're reprinting the singles right now, but I think they've got hundos, 50s, 20s, 10s and fives at the banks for ready for the teller drawers.

Now, what are they going to bring those out? I've heard one bank to us, they thought that on Tuesday, possible Tuesday or Wednesday.

What are we hearing about our start? We're hearing from redemption today, we heard that they would be we would receive notifications on Tuesday, so we're not gonna get them over the weekend. We're not gonna get them tomorrow, Friday, Saturday or Sunday or Monday, but more than likely we are going to get our notifications  with the 800 number on Tuesday.

Okay?  Now, when do we start exchanges? I think exchanges based on the time of the day that we get those, we could start exchanging as early as Tuesday afternoon, or if not, we could start exchanges on Wednesday, and that would be what six days from yesterday, right? Or from today, a week from yesterday.

So it's kind of weird, because we've got it looks like a little bit more time, but we know things are moving through and  the deep state. Cabal is being moved out of the way. There's a lot going on right now, a lot going on behind the scenes. Fortunately I;ve been told a little bit of it , I haven't asked not to say certain things on the call  tonight , so I’ve be careful, like I normally am, like I normally am, not to get into a gray area.

I don't know that there's anything else that is major Oh, regarding the Q phone  which is the satellite  phone that we're supposed to get, we'll get the redemption center, or we'll get a certificate to turn in for that phone, that free phone using the Starlink satellite system to communicate through and it's a secure enough site and encrypted to where we can actually do financial transactions over it – So that’s pretty cool.

 I think that's wanted to bring out. You know, you guys know, Master trust, a great idea. In with that, put your bank account under your initial account under your Trust. In my case, you guys know  I’m doing 4 LLC’s - one before these the separate bank accounts underneath the umbrella of the master trust, and under the umbrella the master account with Wells.

That's how I'm setting it up. And my attorney and I set that up decided that would be the best way to do it. So let's say, if there's anything else I think that basically says it.

 Let's look forward to a really exciting weekend. I think they're going to be so bad this weekend, and I usually mean that Saturday and Sunday, right this weekend, they're going to test the emergency system in 12 countries.

 I don't know what countries I'm thinking the US is one of them, so don't be surprised if you get an EBS test message or testing you know how you get it on the TV emergency broadcast system might also show up with a tone on your phone as an emergency alert system.

Okay, they might be using both, but I know they talked in terms of EBS in 12 countries as a test this weekend. Remember, we have a pending announcement for President Trump, not sure what it's going to be about, I hope it's about Nasara and or to Sarah.

I hope it deals with our new currency, our new asset backed, gold backed currency us end which they're transitioning all those accounts now so that we're going from USB to USN, like I said, so don't be surprised if you see that message on the EBS over the weekend, and I have a feeling we'll be one of the 12 countries that will be testing All right, so let's take that and run with it.

Let's go ahead and pray the call out, and let's look forward to something happening very early next week, like Tuesday.

 I don't think we're going to get it on Monday. Think we got a chance to get very good chance to get it on Tuesday. That's what we're being told by people that are pretty much in charge of redemption centers.

Okay, so let's see where that takes us. Let's pray the call out though

Have a great weekend. Talk to you Tuesday, but keep keep an eye out for your emails to and get touched boomers and have a great weekend. All right. God bless you guys. Thank you.

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

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

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

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

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

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

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

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

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

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

Globally: Gold Prices Rise By 2.4%

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

Oil Is Heading For Its First Gains In Several Weeks.

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

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

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

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

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

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

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

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

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

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

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

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

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

Fiat Currencies are on the Verge of Collapse, is Gold the Only Safe Haven?

Fiat Currencies are on the Verge of Collapse, is Gold the Only Safe Haven?

VRIC Media:   6-6-2025

In a recent appearance on Jay Martin’s VRIC Media channel, renowned financial analyst Lynette Zang delivered a stark warning about the long-term ramifications of the recent U.S. credit rating downgrade.

Zang, known for her in-depth understanding of monetary systems and the interconnectedness of global finance, painted a picture of an increasingly unstable world where trust in traditional financial instruments is rapidly eroding.

The interview explored the intricate web of factors contributing to this erosion of trust. Zang delved into the role of persistently high inflation, fueled in part by massive government spending and loose monetary policy, which devalues the purchasing power of fiat currencies.

 She pointed out how central banks, caught between battling inflation and preventing a collapse in asset prices, are struggling to maintain control.

A key point of discussion was the potential unwinding of the yen carry trade. Zang highlighted how the years of ultra-low interest rates in Japan allowed investors to borrow cheaply in yen and invest in higher-yielding assets elsewhere, boosting global markets.

However, with the Bank of Japan now signaling a potential shift in its monetary policy, the unwinding of these trades could trigger significant volatility and further destabilize the global economy.

Zang emphasized that in this environment, relying solely on traditional financial assets like stocks and bonds carries significant risk. She passionately advocated for the importance of owning physical gold and silver as a hedge against inflation, currency debasement, and systemic risk.

The conversation with Jay Martin was far from optimistic, but Zang offered practical solutions for individuals looking to navigate the coming financial turmoil. She urged viewers to educate themselves about the underlying issues, diversify their assets, and prioritize owning tangible assets like precious metals.

This interview serves as an urgent call to action for anyone concerned about preserving their wealth in an increasingly precarious world.

Lynette Zang masterfully connected the dots between sovereign debt, inflation, monetary policy, and the growing need for a safe haven in the form of physical gold and silver.

Her insights provided a chilling, yet crucial, perspective on the current state of global finance and the potential challenges that lie ahead, making it a must-watch for anyone seeking to understand and prepare for the future.

https://youtu.be/6xTcCDS0KL0

Coffee with MarkZ, joined by Mr. Cottrell. 06/06/2025

Coffee with MarkZ, joined by Mr. Cottrell. 06/06/2025

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

MZ: Today is the anniversary of “D” Day. Remember those brave men and women . June 6, 1944. They stormed the beaches of Normandy.

Member: Those of us that served in Iraq & Afghanistan understand and salute WWII Vets. PTSD is PTSD.

Member: Also today is the anniversary of RFK Sr.'s death in 1968

Member: Good Friday!! as we get closer to the finish line! fingers crossed toes crossed eyes crossed..

MZ; : I’m with you. Crossing my fingers. Feels like we are moving closer.

Member: : Markz,  Why do you feel like we are close to the finish line?  Just a gut feeling?

MZ: My redemption folks/wealth management folks plan on working this Sunday. It is unusual that Sunday is the day and not Saturday.

MZ: Other than that the bond side is quiet.

Member: No news is good news?

Member: ​​when the bond people get funded, how long do you think it will be until we get notified?

Member: Mark always said he thought maybe 3-5 days??????

Member: Iraq is quiet because it is Eid Al Adha. Holiday until Monday. All banks closed.

Member: Today, Iraq started their 4 day holiday weekend. For Eid Al Aha

Member: Eid al-Adha holiday 7th -10th

MZ: And the Iraq stock Market will not reopen until Wednesday or Thursday of next week. Many of my Iraqi contacts think this holiday is important and critical …hopefully will be “IT” this holiday. 

MZ: I’m a bit burned out watching for holidays……so not getting too excited…yet.

MZ: “Iraq celebrates the launch of the TIR system” I think this is important. The TIR system has been live in Iraq since April of 2025. This ushers in a new era of international logistics and trade. This is truly international and will be very important to their development road project which is a crossroads between the east and the west. .  

Member: "The Central Bank is exploring the possibility of opening branches of Turkish banks in Nineveh Governorate increasing cooperation to increase trade exchange between both countries"

Member: Mark. Q: isn't this the same time of the year that Kuwait revealed ? during ElD al- Adha.

Member: Kuwait revalued March 18th 1991 / New York Times

Member: I heard Kuwait revalued over a 4 day holiday. It makes sense to me.

Member: Since this 1991 revaluation, Kuwait has not undertaken any further significant revaluations of its currency

​​Member: 2007, Kuwait shifted from pegging its currency solely to the U.S. dollar to linking it to a basket of currencies...

MZ: This is the same basket that Iraq is supposed to attach itself to.

Member: Mark, is the IQD placement on FX at the banks value over 4 dinars per 1 UST, or 4+ UST per 1 IQD ???

Member: the article from last week had the dinar at $4.81….wouldn’t that be wonderful?

Member: at. my bank ... manager has heard of new currency…just not heard of the QFS

Member: An article on Recaps today says the Chinese Yuan may go gold backed soon.

Member: Remember hearing many years ago, there would be chaos and rumors of more when this will occur. I think we have enough chaos!

Member: I think the RV may happen on the 4th of July weekend. Financial Independence Day? Just a thought.

Member: Well Flag day is approaching as well as Juneteenth on June 19 to commemorate the end of slavery.

•  Member: Thanks Mark, Mods and Mr. C. Everyone have a great weekend

Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions.

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

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

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=RQfEMSvYRY8

News, Rumors and Opinions Friday 6-6-2025

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 Fri. 6 June 2025

Compiled Fri. 6 June 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Judy Note: It was my understanding that Redemption Centers could give you a higher rate on exchange of your currencies than could a bank. The much higher Dinar Contract rate was only available at a Redemption Center. Zim could 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.

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.”

Sun. 1 June 2025 Wolverine: “I can’t tell you specifics, but my contacts are very excited that things were happening this week.”

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

Thurs. 5 June 2025 Bruce:

There were additional banks that have yet to integrate into the Quantum Financial System, Starlink System, Blockchain Technology and Syntax System. That should complete by Sun evening.

24 currencies were going up in value. Korean Won and Taiwan Dollar have been added.

According to Iraqi sources the Iraqi Dinar will be revalued over the weekend in a four day holiday ending Mon. 9 June – and expected to come out on Tues. 10 June.

Some sources said the IRS was gone, the IMF was gone, the SWIFT System was gone.

The new Quantum Financial System was in place and allows you to do an immediate transfer of funds.

By Sun. night 8 June our Federal Reserve USD accounts will be transferred to a USTN account.

USTN will be out by Tues. 10 June.

Tier4b notifications should come out on Tues. 10 June, so we could start exchanging on Tues. 10 June or Wed. 11 June.

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

Thurs. 5 June 2025: GLOBAL FINANCIAL EMERGENCY! GLOBAL CURRENCY RESET IS HERE! …Ben Fulford on Telegram

The world is on the brink of a catastrophic financial collapse! The Global Currency Reset (GCR), NESARA GESARA, and the Quantum Financial System (QFS) are no longer whispers in the dark. The storm is here, and the elites are scrambling to contain the fallout before the truth reaches YOU!

The black swan event is unfolding before our eyes! The world’s top economies are INSOLVENT! The U.S., Canada, Europe, Japan, Israel, the U.K., Taiwan, Australia, and New Zealand CANNOT sustain their debt any longer. The financial system is crumbling, and a monumental shift is coming that will change everything!

THE GREAT RESET VS. THE PEOPLE’S RESET! They want you distracted while they rewrite the financial order behind closed doors. But here’s the TRUTH: The QFS is set to replace the corrupt banking system that has enslaved us for centuries! This system, rumored to be gold-backed and fully decentralized, will eliminate the central banks and their criminal grip on global finance.

THE EMERGENCY BROADCAST SYSTEM (EBS) IS COMING! In the midst of this chaos, the EBS is primed for activation! Why? Because when the markets implode, when the banks fail, when the truth about NESARA GESARA is finally revealed, the world will enter a new era of financial sovereignty!

We are at the point of no return. The Federal Reserve is dead. The IMF is scrambling. The dollar is collapsing, and the fiat money system is burning to the ground. What will rise from the ashes? A fair, asset-backed system that restores power to the people!

WHAT YOU NEED TO DO NOW! Get cash in hand before bank closures hit! Exit fiat currency NOW – gold, silver, and cryptos (XRP, XLM, XDC) will be the new financial foundation!

Read full post here:  https://dinarchronicles.com/2025/06/06/restored-republic-via-a-gcr-update-as-of-june-6-2025/

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

Militia Man Maintaining foreign cash reserves the country has done a phenomenal job.  They have 160 tons of gold...It covers 140% of their imports and local currency in circulation.  

Clare   Article:   "PM Advisor: Iraq's natural resources are worth more than $16 trillion"   Quote:  "Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that Iraq is moving towards diversifying its gross domestic product (GDP) sources by expanding investment in the mining sector, He noted that the value of Iraq's natural resources exceeds $16 trillion."

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

China Just Triggered The Final Silver Reversal—And COMEX Can’t Hide It Anymore | Andy Schectman

6-5-2025

China just made a bold silver move that exposed everything the West has been hiding. COMEX just saw its biggest silver delivery in history—and it’s not a coincidence.

 Silver closed at 36.36 in Shanghai, creating an unstoppable arbitrage play that could force a total breakdown of the Western price system.

Andy Schectman breaks down how China’s strategic accumulation, silent silver imports, and record deliveries are setting up a global reversal that Wall Street can no longer suppress.

 From naked shorting to state-sponsored silver hoarding, the truth is finally out.

https://www.youtube.com/watch?v=pZ9VHC5E5TE

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

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

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

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

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

Oil Prices Rise Slightly To Around $66 Per Barrel

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

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

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

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

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

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

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

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

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

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

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

Iraq Stops Attempt To Smuggle Rare Archaeological Treasures Abroad

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

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

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

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

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

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

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

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

Good morning Dinar Recaps,

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

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

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

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

Clarity Act’s Fatal Flaws

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

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

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

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

A Simpler Path Forward

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

The proposed SRO would be:

• Tightly supervised by the SEC and CFTC

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

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

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

@ Newshounds News™
Source:  Ledger Insights

~~~~~~~~~

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

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

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

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

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

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

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

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

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

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

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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