Barbara Corcoran’s Top 8 Tips That Will Save You From Financial Disaster
Barbara Corcoran’s Top 8 Tips That Will Save You From Financial Disaster
Laura Beck Fri, June 6, 2025 GOBankingRates
Barbara Corcoran is largely known for her role as one of the most powerful investors on ABC’s “Shark Tank.” But do you know how she made a lot of her money?
Well, as a matter of fact, Corcoran built her wealth thanks to her wildly successful real estate career. She has been wheeling and dealing on the national stage for quite some time, and she has learned a thing or two about money along the way.
Corcoran’s financial advice comes largely from her experience and what she knows best: real estate and money management. If you’re looking for help with either, check out Corcoran’s eight top tips to help you succeed.
Barbara Corcoran’s Top 8 Tips That Will Save You From Financial Disaster
Laura Beck Fri, June 6, 2025 GOBankingRates
Barbara Corcoran is largely known for her role as one of the most powerful investors on ABC’s “Shark Tank.” But do you know how she made a lot of her money?
Well, as a matter of fact, Corcoran built her wealth thanks to her wildly successful real estate career. She has been wheeling and dealing on the national stage for quite some time, and she has learned a thing or two about money along the way.
Corcoran’s financial advice comes largely from her experience and what she knows best: real estate and money management. If you’re looking for help with either, check out Corcoran’s eight top tips to help you succeed.
Buy a Home as Soon as You Can
When it comes to financial markets that can grow your wealth, Corcoran believes in getting into the real estate housing market early.
“I think the sooner you get in the market, the sooner you have a chip in the game. You can trade up,” she said.
She says it’s always a good time to buy, because even if the market feels high now, house prices usually go up in the long term. If volatile economic activity as of late is any indication, you might want to get your financial assets lined up so you can heed her advice.
Don’t Wait for Interest Rates To Drop
While many people are waiting for financial institutions to lower interest rates before buying a home, Corcoran warns against this strategy. She believes that when rates do drop, there will be a rush to buy, driving prices up by 10% to 20%.
Her advice: Don’t wait — act now.
TO READ MORE https://finance.yahoo.com/news/barbara-corcoran-top-8-tips-140011614.html
How To Save Hundreds With 3 Steps, According to Ramit Sethi
How To Save Hundreds With 3 Steps, According to Ramit Sethi
Brooke Barley Wed, June 4, 2025 GOBankingRates
When paring down a budget, some might think that means eliminating anything fun-especially when there’s debt to pay off. Entrepreneur and author of “I Will Teach You to Be Rich” Ramit Sethi insists that’s not true, even if a consumer has unpaid debt. In a recent video Sethi posted on his Instagram, he said “I believe in living a rich life today and living a rich life tomorrow, even if you have debt.”
His video went on to detail three ways that consumers can find some wiggle room in their budgets. These are methods that Sethi said most people “won’t even miss.” Read on to find out how to find these hidden savings.
How To Save Hundreds With 3 Steps, According to Ramit Sethi
Brooke Barley Wed, June 4, 2025 GOBankingRates
When paring down a budget, some might think that means eliminating anything fun-especially when there’s debt to pay off. Entrepreneur and author of “I Will Teach You to Be Rich” Ramit Sethi insists that’s not true, even if a consumer has unpaid debt. In a recent video Sethi posted on his Instagram, he said “I believe in living a rich life today and living a rich life tomorrow, even if you have debt.”
His video went on to detail three ways that consumers can find some wiggle room in their budgets. These are methods that Sethi said most people “won’t even miss.” Read on to find out how to find these hidden savings.
Cancel Unwanted Subscriptions
Sethi’s first suggestion was for people to look at their subscriptions and see if there are any they wouldn’t mind canceling-or didn’t even remember they were subscribed to. According to a recent statistic, around 85% of people have at least one paid subscription that they don’t use every month.
This comes out to about $32 a month or almost $400 a year. This could be a tremendous savings that consumers can net without changing their routine at all. Check bank and credit card statements for recurring charges during an entire month to see every subscription, then determine if there are any that can get the boot.
Switch Insurance Carriers
Sethi recommended that individuals call their insurance companies (car, renters’, pet, etc.) and say “I’m shopping around for a better rate. What can you do for me?” If the insurance company is unable to offer a better deal, switch carriers.
Most consumers who had switched carriers in the past five years earned a median savings of $461. It’s a good idea to look into competitors’ rates about every six months or so to make sure you have the lowest price.
TO READ MORE: https://finance.yahoo.com/news/save-hundreds-per-month-3-170107695.html
Weekend Coffee with MarkZ. 06/07/2025
Weekend Coffee with MarkZ. 06/07/2025
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: The first 45 minutes we spend with CBD guru’s before starting in on the news
Member: GM Mark, marvelous mods and rv patriots!
Member: Any word from historic bond contacts Mark?
Weekend Coffee with MarkZ. 06/07/2025
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: The first 45 minutes we spend with CBD guru’s before starting in on the news
Member: GM Mark, marvelous mods and rv patriots!
Member: Any word from historic bond contacts Mark?
MZ: Not a huge amount on the bond side. I don’t think we will get much news until tomorrow.
MZ: I had a couple bond contacts say they didn’t hear anything this week. And a couple contacts said things went very well for them this week. And they have hopes of full release of funding early next week.
MZ: I am crossing my fingers for them
Member: Sounds like the line is moving anyway……even though things are going slower than we want…If some got paid a partial payment and waiting for the rest …..things are still moving.
MZ: Yes….Its the system while they work through everybody. That its continuing to work has me excited. A number of them told me they have received final contracts and are just waiting for the funds to become liquid.
MZ: CMKX and Prosperity packages are very quiet.
Member: I wonder if it's a slow roll out… or does someone keep stopping this?
Member: Maybe revaluations being used as a political football?
Member: Iraqi banks are closed for four days I think. They have a long holiday
Member: Goldilocks posted a video this morning saying the green light has been released.
Member: my credit union has built two new locations with no tellers and have wealth managers now too. But know nothing about RV or new money
Member: t's just better not to ask. At least that's what my Chase guy told me.
Member: Do the Chinese dragon family still live in communist China?
MZ: Many of them currently reside on the west coast of the United States
Member: When we go will there be a blackout for 10 days like some are saying???
MZ: I was told it won’t really be a blackout. But there will be a loop of truth on social media. I was told the internet is still going to work. There will not be a power shutdown for 10 days. But depending on where you are at- if they want to do arrests or a clean-up of bad guys….some things could be shut down for hours or even a day depending on what they need to do. But it will not be a complete apocalyptic shutdown of everything.
Member: I would bet when the financial system switches to the QFS…..there may be a freeze on bank activity for a short time…..maybe. Be sure to have some cash on hand….just in case.
Member: Why shouldn’t we call the banks and ask questions?
MZ: Because 1 out of hundred times you may get something substantial. Most employees have not been informed yet or they would be out buying currency and not working at the bank anymore. By calling the banks you could cause a crap ton of logistical issues for folks.
MZ: And- you could put people who do know is an awkward position. It would be like going to somebody who has an NDA (non disclosure agreement) and asking them non stop questions until you get them in trouble.
Member: Where does the money come from to pay the Zim bonds?
MZ: I’m told it comes from the Humanitarian side and not from the actual gold reset side. So part of it may come from the St. Germaine Trust funds or perhaps Dubai 1 and 2 funds ? I do not know exactly what group of funds they will pull it from.
MZ: From Iraq: “Economic Council: A wide desire from regional and international companies to participate in the Iraq Investment forum” Many countries and companies are showing up in Iraq with hundreds of billions for investment. Iraq is the most attractive place in the middle east to invest.
MZ: There are several articles like this that have already been released this weekend out of Iraq. .
MZ: US Treasury sanctions Iranian Shadow banking network laundering billions for regimes nuclear and terrorist agenda’s” they have found most of the funds are coming from China and not Iraq. This is a positive thing for the Iraqi banking sector.
MZ: I was told they were hesitant to move forward with the RV and possibly create liquidity for Iran . But now they have clipped those wings.
MZ: They had been under tremendous pressure to pass the Oil and Gas law. And I was told repeatedly that that is when we see a new dinar value.
Member: Hopefully everything will be exposed soon and the explanation of why it has taken so long…
Member: It sounds as though big things are happening this week!
Member: there's always tomorrow, it's only a day away
Member: I wish everyone a great weekend.
Member: God bless the sick and needy. God bless us all.
Mod: THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
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
https://rumble.com/user/theoriginalmarkz
Kick: https://kick.com/theoriginalmarkz
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.
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS
News, Rumors and Opinions Saturday 6-7-2025
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 Sat. 7 June 2025
Compiled Sat. 7 June 2025 12:01 am EST by Judy Byington
Global Currency Reset:
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.”
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 Sat. 7 June 2025
Compiled Sat. 7 June 2025 12:01 am EST by Judy Byington
Global Currency Reset:
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: 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. 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: MAJOR NEWS: RV/GCR is HERE – The Gold Reset is HAPPENING – The Fed is D**D – The Fiat Illusion is Collapsing – Are You Ready? – amg-news.com – American Media Group
Thurs. 5 June 2025: BOOM!!! TRUMP ERASES IRS, LAUNCHES EXTERNAL REVENUE SERVICE – AMERICANS FREED FROM INCOME TAX FOREVER! VIDEO – amg-news.com – American Media Group
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Fri. 6 June 2025 INTEL: Quantum Financial System, Global Currency Reset – Trust the Plan! …Ron Watkins on Telegram
The Quantum Financial System (QFS), Global Currency Reset (GCR), and revolutionary Med Beds are no longer whispers—they are becoming reality. We are witnessing the collapse of the old systems and the rise of a new global order. Buckle up, because this will reshape the world as we know it.
Quantum Internet and QFS: A Game-Changer: Elon Musk has hinted at a quantum internet rollout by the end of the year, aligning with the activation of the Quantum Financial System (QFS). This system promises to secure and decentralize global transactions, wiping out the corruption of central banks and empowering the people.
A mysterious black swan event is expected to trigger the shift, unleashing a domino effect of currency revaluations worldwide. The GCR will redistribute wealth, expose hidden cures, and restore freedom.
Global Currency Reset: A New Dawn: Currencies across the world are preparing for a monumental revaluation. Iraq’s golden dinar, backed by gold, has already been unveiled, signaling the start of the new financial era. This shift isn’t just about money; it’s about taking power away from the elites and returning it to the people. The old systems controlled by the Rothchilds and central banks are crumbling under the weight of this revolution.
Read full post here: https://dinarchronicles.com/2025/06/07/restored-republic-via-a-gcr-update-as-of-june-7-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Everybody is waiting for the new exchange rate ...When you see that everything is frozen from coming in, being activated...it's telling you it's waiting on one thing, one thing only and we're this much away from it.
Militia Man These guys are really gearing to integrate into the international world. Are they going to do it at 1310? Well if they were going to why didn't they do that 2 years ago or back in 2018. We don't know. The bottom line is they probably weren't going to because it just wouldn't work.
Clare Article: "Al-Ghariri: Iraq is getting closer to membership in the World Trade Organization." Quote: "Minister of Trade, Atheer Al-Ghurairi, announced that Iraq has made significant progress in its path towards joining the World Trade Organization, stressing Baghdad's serious commitment and transparency in meeting the requirements of this important international process."
This Basel III Rule Goes Live in July & It’s the Final Nail in Paper Gold’s Coffin | Andy Schectman
Two dollars Investing: 6-6-2025
Basel III is about to flip the entire gold market on its head—and no one in mainstream finance is talking about it.
In this explosive interview, Andy Schectman reveals how a key rule going live in July could expose the paper gold scam, trigger mass delivery failures, and unleash a flood of demand for physical metal.
Will this be the event that finally breaks COMEX?
Get the full breakdown now—before Wall Street tries to bury it.
Seeds of Wisdom RV and Economic Updates Saturday Morning 6-7-25
Good Morning Dinar Recaps,
Crypto Adoption Continues: Apple, X, Airbnb Exploring Stablecoin Integration – Report
As US lawmakers work on passing crucial crypto-related legislation, multiple tech giants are reportedly exploring the adoption of stablecoins to lower transaction costs and streamline cross-border payments.
Apple, Airbnb, X Eye Stablecoin Integration
On Friday, Fortune reported that several Big Tech companies are in early discussions with crypto firms to integrate stablecoins. Sources familiar with the matter stated that Apple, X, Airbnb, and Google are exploring stablecoin adoption to optimize cross-border payments and lower transaction costs.
Good Morning Dinar Recaps,
Crypto Adoption Continues: Apple, X, Airbnb Exploring Stablecoin Integration – Report
As US lawmakers work on passing crucial crypto-related legislation, multiple tech giants are reportedly exploring the adoption of stablecoins to lower transaction costs and streamline cross-border payments.
Apple, Airbnb, X Eye Stablecoin Integration
On Friday, Fortune reported that several Big Tech companies are in early discussions with crypto firms to integrate stablecoins. Sources familiar with the matter stated that Apple, X, Airbnb, and Google are exploring stablecoin adoption to optimize cross-border payments and lower transaction costs.
According to the report, Airbnb has been in talks with crypto companies since the beginning of the year, aiming to reduce high transaction fees charged by processors like Visa and Mastercard by adopting stablecoin solutions.
The short-term rental platform has reportedly discussed the integration with Worldpay, one of its payment processors. Notably, Worldpay recently announced support for stablecoin payouts through its partnership with stablecoin infrastructure provider BNVK.
An Airbnb spokesperson confirmed:
“While crypto payments aren’t something we’re focused on integrating into the platform in the near future, we’re always looking at all aspects of payments for ways to improve our community’s experience with it, including developments in digital assets and their use cases.”
Similarly, Apple has reportedly been engaged in stablecoin-related talks since January. Four sources claim Apple has held conversations with a senior director at Circle, who works on “strategic partnerships in stablecoin payments.”
X (formerly Twitter) is also actively pursuing stablecoin integration into its new payments platform, X Money. The company is reportedly in talks with Stripe to implement this feature. Patrick Traughber, X’s former head of consumer products and payments, initially led the effort before departing in January for the Sam Altman-backed project World. Payam Abedi, a senior engineer at X, has since taken over the initiative.
More Tech Giants Explore Crypto Adoption
Google Cloud is “arguably the furthest along on stablecoin integrations,” the report noted. Google has already accepted payments in PayPal’s PYUSD, a stablecoin that recently cleared a regulatory investigation by the SEC without enforcement action.
Rich Widmann, head of Web3 strategy at Google Cloud, commented:
“It’s pretty clear that this is probably one of the biggest upgrades to payments since the SWIFT network.”
“We’ve invoiced the customer like we would normally invoice them. They’ve paid that bill the way they would normally pay it. But they’ve used stablecoins to effectuate settlement.”
The report also mentions that other tech firms, including Meta, are exploring stablecoin usage. On Thursday, Uber CEO Dara Khosrowshahi revealed that the company is currently in the “study phase” regarding stablecoins for international money transfers.
Chris Ahn, a partner at Haun Ventures, stated:
“[Stablecoins] are this old idea, but finally I think we’ve got the right pieces coming together such that it’s really coming into fruition.”
Regulatory Shift Boosts Momentum
Under the current Trump administration, US regulators have moved away from a punitive “regulation by enforcement” stance. Instead, they are pursuing clear frameworks and detailed guidelines for the digital asset sector.
This shift has accelerated industry adoption, with several Strategic Bitcoin Reserve proposals and crypto Treasury initiatives now gaining attention. Meanwhile, bipartisan efforts in Congress continue to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which aims to provide the US stablecoin industry with a robust legal foundation for growth.
@ Newshounds News™
Source: Bitcoinist
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US Lawmakers Seek Audit of Federal Gold, Including ‘Deep Storage’
For the first time in over 65 years, Congress is demanding a full-scale audit of America's gold reserves — just as debt surges past $37 trillion and central banks ramp up gold accumulation.
Gold Audit Bill Demands Inventory of All Federal Bullion Holdings
On June 6, 2025, four Republican lawmakers introduced the Gold Reserve Transparency Act (H.R. 3795), calling for a sweeping audit of the United States’ gold reserves — including long-untouched “deep storage” bullion.
Reps. Thomas Massie (R-KY), Troy Nehls (R-TX), Addison McDowell (R-NC), and Warren Davidson (R-OH) co-sponsored the bill, which mandates:
A full assay, inventory, and physical audit of all U.S. gold within nine months of enactment
Recurring audits every five years
Independent oversight by the Government Accountability Office (GAO) and third-party auditors
The scope covers all bullion at depositories, security reviews, and a 50-year forensic analysis of all gold-related transactions, including:
Leases
Swaps
Sales
Purchases
Encumbrances
Gold indirectly held by or through the Federal Reserve, IMF, or foreign central banks
Crucially, the bill bars redactions in the final public report — excluding only physical security protocols. The GAO and its auditors will receive subpoena power to access any relevant facility or record, while the Treasury and Federal Reserve must provide full documentation.
Calls for Transparency Amid National Debt and Gold Repatriation
Stefan Gleason, CEO of the Money Metals Depository, sharply criticized the lack of oversight in past decades:
“The Treasury has lost records and failed to account for vault openings.”
Gleason's Idaho-based facility, notably, is twice the size of Fort Knox.
This movement echoes long-standing calls from figures like Senator Rand Paul and his father Ron Paul, who have both advocated for a Fort Knox audit.
With U.S. national debt surpassing $37 trillion, and Germany repatriating gold from the New York Fed, concerns over American-held gold have escalated. JP Cortez of the Sound Money Defense League called the audit effort a “national security issue,” rejecting performative "walkthroughs" as inadequate.
A Gold Audit vs. Bitcoin’s Blockchain Transparency
While Bitcoin (BTC) enjoys real-time public verification of its entire history and supply via the blockchain, U.S. gold reserves remain shrouded in obscurity.
“Unlike bitcoin, the U.S. gold system lacks inherent transparency,” the bill’s authors contend.
If passed, the Gold Reserve Transparency Act would usher in regular physical audits and the disclosure of decades of potentially opaque transactions — a stark contrast to Bitcoin’s cryptographic, decentralized proof-of-reserve.
What If Fort Knox Is Empty?
Financial provocateur Robert Kiyosaki has added fuel to the fire, warning:
“If Fort Knox’s vaults turn up empty, America’s entire economic infrastructure could come tumbling down.”
The results of the audit — if it passes — are expected to be made publicly available online, setting the stage for a new era of financial transparency or potentially devastating revelations.
@ Newshounds News™
Source: Bitcoin News
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Thank you Dinar Recaps
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.
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.
(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
“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.
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
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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……..
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……..
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.
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
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.
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.
Bruce’s Big Call Dinar Intel Thursday Night 6-5-25 REPLAY LINK Intel begins 1:03:53
Bruce’s Big Call Dinar Intel Tuesday Night 6-3-25 REPLAY LINK Intel Begins 1:06:00
Bruce’s Big Call Dinar Intel Thursday Night 5-29-25 REPLAY LINK Intel begins 1:29:00
Bruce’s Big Call Dinar Intel Tuesday Night 5-27-25 REPLAY LINK Intel Begins 1:15:15
Bruce’s Big Call Dinar Intel Thursday Night 5-22-25 REPLAY LINK Intel begins 1:18:40
Bruce’s Big Call Dinar Intel Tuesday Night 5-20-25 REPLAY LINK Intel Begins 1:11:00
Bruce’s Big Call Dinar Intel Thursday Night 5-15-25 REPLAY LINK Intel begins 1:02:30
Bruce’s Big Call Dinar Intel Tuesday Night 5-13-25 REPLAY LINK Intel Begins 1:01:01
Bruce’s Big Call Dinar Intel Thursday Night 5-8-25 REPLAY LINK Intel begins 1:02:40
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.
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/