News, Rumors and Opinions Sunday 6-8-2025
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 Sun. 8 June 2025
Compiled Sun. 8 June 2025 12:01 am EST by Judy Byington
Global Financial Crisis:
Wed. 4 June 205 OPERATION SANDMAN: 100+ NATIONS DETONATE THE DOLLAR — THE GLOBAL RESET HAS BEGUN …Nesara Gesara on Telegram
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 Sun. 8 June 2025
Compiled Sun. 8 June 2025 12:01 am EST by Judy Byington
Global Financial Crisis:
Wed. 4 June 205 OPERATION SANDMAN: 100+ NATIONS DETONATE THE DOLLAR — THE GLOBAL RESET HAS BEGUN …Nesara Gesara on Telegram
It has officially started. The silence that follows will be louder than any bomb. Over 100 nations — from BRICS to OPEC+, ASEAN to Africa’s awakened blocs — have (allegedly) signed onto a single coordinated strike: walk away from the dollar. No missiles. No warheads. Just abandonment. This is Operation Sandman, and its activation will (allegedly collapse the American empire from within.
For fifty years, the U.S. lived on borrowed time — printing fiat dollars, enforcing petrodollar supremacy, and masking inflation behind false prosperity.
But the world has had enough. They’ve watched the Fed counterfeit value, export debt, and weaponize the dollar against weaker nations. And now, the trap has been set.
Once triggered, every dollar-based trade system will be abandoned overnight. Gold, national currencies, and sovereign digital assets will take its place. No warning. No gradual decline. Just sudden, irreversible collapse.
Treasury markets will freeze. Bonds will become worthless. The Fed will lose control. The era of fake wealth ends in a heartbeat. This is not economic theory. This is economic warfare.
At the core is the petrodollar — the system that made the dollar mandatory for oil trade since the 1970s. The moment that collapses, the dollar’s artificial demand evaporates. And that’s exactly what Sandman is calibrated to do. This is the end of the game — and the U.S. is not ready.
Retirement accounts? Vaporized. Stock market value? Obliterated. Real estate bubbles? Burst. Middle class savings? Gone.
This isn’t a crash. It’s a controlled demolition — engineered by the very nations that once propped America up. Now, they’re walking away and letting it burn.
One man saw it coming and was prepared. President Donald J. Trump has long warned of the dollar’s fragility and the globalist plot behind it. Now, with Sandman in motion, he’s preparing the counterstrike: – Reinstating a gold-backed U.S. currency – Launching a sovereign digital dollar – Cutting ties with globalist banking networks – Declaring economic martial law if necessary.
This isn’t about inflation anymore. It’s about survival. Trump’s plan is to restore America’s economy, destroy the central bank cartel, and return sovereignty to the people — with real money, real value, and real independence. The media will lie. The Fed will panic. The people will suffer.
But history will remember this moment — when 100+ nations said “enough,” and ended the counterfeit empire with a whisper, not a war.
The Great Reset is no longer coming. It’s already begun. Brace for impact. And remember this: silence can collapse an empire.
~~~~~~~~~~~~~
Behind the Scenes:
Quantum Systems Check:
• QFS data trials began silently across IMF outposts last week.
• ISO token pathways were tested for 72 hours inside EU central clearing hubs.
The event itself is biblical — not in metaphor, but in consequence.
In that void, everything shifts. EXPECT:
• Activation of Rainbow-backed digital wallets in all aligned nations
The illusion is collapsing. The real structure is already in place. QFS. MedBeds. Biometric sovereign systems. Justice grids. Quantum Truth Hubs.
Everything we told you was coming — is already functional. We’re not waiting for permission. We’re not hoping for approval. The storm is mathematical, spiritual, and surgical.
You are in the final hour before the light pierces the veil. Let it come. Let it all fall. Because what rises next… is not the old world reborn. It’s humanity, finally sovereign.
~~~~~~~~~~~~~
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.
Read full post here: https://dinarchronicles.com/2025/06/08/restored-republic-via-a-gcr-update-as-of-june-8-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Look at what Forex is doing with the Iraqi dinar. When you have a bank that tells you, 'Oh, we're never going to deal with the Iraqi dinar.' Or whatever they say to you, just keep it in the back of your mind what bank said that to you. Remember who lied to you because they didn't have to do that. All they needed to do was say no comment. We have no idea. But no they decided to lie to us...We can choose which banks [we use]...
Sandy Ingram Here is another reason we believe something is happening behind the curtains. First it was Facebook representatives meeting with the Iraqi prime minister and now it's Elon Musk's Space X. These mega corporation would not be meeting with Iraq unless there are mega bucks attached to the deals.
There’s some good news about the IQD Iraqi dinar
Nader: 6-7-2025
World Bank Stepping Up Support for Iraq, US Not Made a Statement on IQD
Edu Matrix: 6-8-2025
In this video, we explore a major development: the *World Bank is stepping up support for Iraq* with targeted infrastructure investments.
A recent high-level meeting in Baghdad between World Bank officials and Iraqi leadership signals a powerful alignment on national priorities—from *transportation and energy* to **water and public services**.
Meanwhile, the geopolitical chessboard is heating up. With China already leading in oil production and infrastructure, the U.S. and its allies are stepping in to counterbalance foreign influence through strategic investments in Kurdistan and broader Iraq.
Could this shift affect the **value of the Iraqi currency**? We break it down.
Iraq Economic News And Points To Ponder Sunday Morning 6-8-25
140 Trillion Dinars Enter The Iraqi Treasury In One Year, 91% Of Which Comes From Oil.
Energy and Business breaking 2025-06-06 23:32 Shafaq News/ 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.
140 Trillion Dinars Enter The Iraqi Treasury In One Year, 91% Of Which Comes From Oil.
Energy and Business breaking 2025-06-06 23:32 Shafaq News/ 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.
https://shafaq.com/ar/اقتصـاد/140-تريليون-دينار-تدخل-خزينة-العراق-في-عام-91-منها-من-النفط
Iraq Moves Towards Its "Forgotten Treasure"
Posted on2025-06-07 by sotaliraq On Friday, the Parliamentary Foreign Relations Committee called on the Iraqi Ministry of Foreign Affairs to demand that ambassadors and chargés d'affaires at embassies and consulates abroad take serious action to inventory Iraqi property and officially return it to state ownership.
$90 billion in the shadows... Iraq searches for a map of its forgotten treasure.
Committee member Mukhtar al-Moussawi said, "Iraq has numerous assets and real estate properties in various countries around the world, and all their original and documentary evidence is available.
However, it requires intensive efforts to inventory them and take the necessary measures to recover them from those entrusted with them or those in whose names they were registered during the former regime."
Al-Moussawi called on the Iraqi Ministry of Foreign Affairs to "demand that Iraqi consuls and ambassadors take the necessary action and make genuine efforts to recover these numerous Iraqi assets, valued at millions of dollars, including a large mosque in Australia, large tea plantations in Sri Lanka, and farms in Yemen."
Regarding the lifting of the seizure of some properties belonging to the former regime within the Green Zone, Al-Moussawi confirmed that "some properties will be sold to their occupants at a price estimated at four million Iraqi dinars per square meter, a price that is not commensurate with the importance and location of these properties."
Shafaq News Agency revealed in an investigation, citing senior diplomatic sources, that Iraq has at least 50 real estate and investment projects spread across Europe, Asia, and Africa, including luxurious palaces, farms, banks, commercial offices, and strategic factories.
These assets were part of Iraq's expansionist economic policy during the 1970s and 1980s, when it used oil revenues to purchase strategic assets around the world to bolster its economic and diplomatic standing.
However, after the fall of the regime in 2003, this issue entered a cycle of neglect and loss. The Parliamentary Integrity Committee revealed that essential property documents had been stolen or destroyed, that some properties had been transferred to individuals or front companies affiliated with the former regime or networks linked to it, while others remained without any significant follow-up.
Initial estimates put the value of these assets at between $80 and $90 billion. Economists believe that recovering even a small portion of them or investing them properly could generate sustainable revenues for a country whose budgets depend almost exclusively on crude oil exports.
However, according to legal experts, some of these assets may have been subject to statutes of limitations in host countries, or were subject to legal actions that legalized ownership by third parties after Iraq's absence from the scene for two decades.
In addition, there is a fear that internal political interference could hinder recovery efforts, especially if current properties are tied to powerful interests or old contracts that are difficult to cancel without engaging in complex legal disputes. LINK
Where Did It Go? .. Iraq's Internal Public Debt Is Rising.
Posted on2025-06-07 by sotaliraq June 7, 2025 The Central Bank of Iraq announced today, Saturday, that Iraq's domestic public debt rose at the end of March of this year, revealing the entities to which the debts were allocated.
The bank stated in an official statistic that Iraq's domestic debt rose to 85.536 trillion dinars at the end of March 2025, compared to 82.608 trillion dinars in February.
She added that this debt also increased by 2.91% compared to the end of 2024, which amounted to 83 trillion and 50 billion dinars, and increased by 17.53% compared to the end of 2023, which amounted to 70 trillion and 585 billion dinars.
The bank explained in its statistics that these debts, amounting to 85.536 billion dinars, come in the form of bonds amounting to 12,567,939 trillion dinars, in the form of government bank loans amounting to 5,800,000 trillion dinars, and in the form of loans to financial institutions amounting to 13,352,406 trillion dinars.
He added that the debt also comes from treasury transfers for the Ministry of Finance amounting to 2,030,000 trillion dinars, treasury transfers amounting to 51,030,130 trillion dinars, and debts on the Ministry of Finance amounting to 755 billion and 519 million dinars. LINK
Basra Crude Records Weekly Gains Of 2.42%
economy | 07/06/2025 Mawazine News - Baghdad - Basra Heavy and Medium crude oils posted weekly gains, as global oil prices rose.
Basra Heavy closed the last session on Friday, up 40 cents, reaching $61.83 a barrel, recording weekly gains of $1.46, or 2.42%.
Basra Medium crude also closed the same session, up 40 cents, reaching $64.68 a barrel, achieving weekly gains of $1.15, or 1.81%.
Globally, Brent and Texas Intermediate crudes posted weekly gains at the settlement after two consecutive weeks of decline. Brent crude rose 2.75% since the beginning of the week, while West Texas Intermediate crude increased by 4.9%. https://www.mawazin.net/Details.aspx?jimare=262248
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Sunday Morning 6-8-25
Good Morning Dinar Recaps,
Europe Gears Up to Regulate DeFi in 2026 as MiCA Leaves Sector in Limbo
As the EU’s sweeping MiCA framework rolls out, decentralized finance remains in regulatory gray space — but not for long.
DeFi’s Legal Status Under MiCA Still Unclear
European regulators are preparing to address decentralized finance (DeFi) directly in 2026, but the foundational challenge remains: what does “decentralization” actually mean?
Good Morning Dinar Recaps,
Europe Gears Up to Regulate DeFi in 2026 as MiCA Leaves Sector in Limbo
As the EU’s sweeping MiCA framework rolls out, decentralized finance remains in regulatory gray space — but not for long.
DeFi’s Legal Status Under MiCA Still Unclear
European regulators are preparing to address decentralized finance (DeFi) directly in 2026, but the foundational challenge remains: what does “decentralization” actually mean?
The Markets in Crypto-Assets Regulation (MiCA) — the world’s first comprehensive crypto regulatory framework — came into force on December 30, 2024, aiming to protect investors, fight fraud, and strengthen stablecoin oversight. But DeFi protocols are still operating in a legislative gray zone.
Speaking on Cointelegraph’s Chain Reaction X Spaces on June 4, Vyara Savova, senior policy lead at the European Crypto Initiative (EUCI), pointed out the core issue:
“No one actually knows what EU policymakers mean by DeFi.”
Although MiCA outlines detailed licensing and compliance obligations for centralized actors, DeFi has been left largely undefined — and potentially out of scope.
Mid-2026: The Year of DeFi Regulation in the EU
Savova noted that starting mid-2026, EU authorities will begin the process of legally defining decentralization — a prerequisite for regulating DeFi in earnest. Until then, DeFi platforms operate in uncertainty.
One of the most contested elements of the original MiCA rollout was its treatment of decentralized protocols. Critics argued it imposed the same Know Your Customer (KYC) and licensing requirements on DeFi as it does on traditional financial entities — a problematic mismatch.
However, Recital 22 in MiCA offers some hope. It states that fully decentralized crypto-asset service providers “should not fall within the scope of this Regulation.” The challenge? There’s still no working definition of “fully decentralized.”
MiCA 2? Not Happening, Says EUCI
Despite prior calls — even from European Central Bank President Christine Lagarde — for a MiCA II to address these gaps, that sequel regulation appears to be off the table.
According to Marina Markezic, executive director and co-founder of EUCI:
“You have probably heard about a potential MiCA II. It’s not happening.”
Instead, any updates are expected to be narrow and targeted — particularly around stablecoins — rather than a full legislative overhaul.
MiCA continues to undergo rolling revisions every 12 to 18 months, allowing the EU to respond to emerging gaps without reopening the entire framework.
The Bottom Line
Europe’s crypto regime is evolving — and DeFi is finally in the spotlight. But until lawmakers can clearly define what counts as decentralized, protocols will remain caught between legal categories.
With 2026 shaping up to be a turning point, the EU must now strike a balance between innovation, security, and clarity.
@ Newshounds News™
Source: Cointelegraph
~~~~~~~~~
XRP Has Privileged Role on XRPL, Ripple CTO Explains Key Advantages
Ripple’s chief technologist underscores XRP’s indispensable position in the XRPL ecosystem, affirming its critical role in liquidity, decentralization, and fee mechanisms.
XRP’s Core Role in the XRPL Ecosystem Reaffirmed by Ripple CTO
Ripple Chief Technology Officer David Schwartz took to X (formerly Twitter) on June 4 to clarify XRP’s foundational place within the XRP Ledger (XRPL).
Responding to community debate about XRPL’s evolving token ecosystem, Schwartz outlined why XRP remains uniquely essential despite the ledger’s growing diversity.
“The XRPL is more than just XRP. There are stablecoins, there will be tokenized real world assets, loans of all kinds of things. A DEX doesn’t work with just one asset.”
That said, Schwartz emphasized that XRP maintains a privileged role in the protocol’s architecture that no other token can replicate.
Why XRP Is Still Indispensable
Schwartz detailed several ways XRP is structurally embedded into XRPL’s functionality:
Universal Reception: “It’s the only asset that any account can receive.”
No Counterparty Risk: XRP doesn’t require trust lines or third-party issuers.
Liquidity First: “Pathfinding checks for XRP liquidity first.”
Autobridging: The system prioritizes XRP for bridging trades between other assets.
Fee Payments: XRP is the only asset that can be used to pay XRPL transaction fees.
These design features give XRP an architectural advantage in routing liquidity, powering decentralized exchanges (DEXs), and facilitating trustless payments across the ledger.
Market Value vs. Ledger Utility
Schwartz concluded with a reflection on the difficulty of quantifying XRP’s market value as a function of XRPL’s utility:
“The question to ponder is how much value XRPL can generate and to what extent that can turn into XRP value.”
He noted the challenge in measuring how XRPL adoption directly translates into demand for XRP — but reiterated that its native, non-replicable role within the network is fundamental to any such growth.
While critics have questioned XRP’s dependency on Ripple or the need for a native token, the protocol’s technical framework continually reinforces XRP’s status as the central asset for liquidity, fees, and routing across a growing DeFi landscape.
Bottom Line
As the XRPL expands to support stablecoins, tokenized assets, and loans, XRP remains its keystone. The core functions of the ledger — from payment settlements to DEX operations — are still fundamentally tied to XRP, reinforcing its long-term strategic relevance.
@ Newshounds News™
Source: Bitcoin News
~~~~~~~~~
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“Tidbits From TNT” Sunday Morning 6-8-2025
TNT:
Tishwash: Al-Mashhadani meets Bin Salman during his visit to perform Hajj.
A call for relations befitting the two peoples
Parliament Speaker Mahmoud al-Mashhadani met with Saudi Crown Prince Mohammed bin Salman in Mecca on Saturday, where they discussed bilateral relations and ways to enhance cooperation to serve the interests of both peoples.
Parliament Speaker Dr. Mahmoud Al-Mashhadani met with Saudi Crown Prince Mohammed bin Salman on Saturday during his visit to the Kingdom of Saudi Arabia to perform Hajj.
TNT:
Tishwash: Al-Mashhadani meets Bin Salman during his visit to perform Hajj.
A call for relations befitting the two peoples
Parliament Speaker Mahmoud al-Mashhadani met with Saudi Crown Prince Mohammed bin Salman in Mecca on Saturday, where they discussed bilateral relations and ways to enhance cooperation to serve the interests of both peoples.
Parliament Speaker Dr. Mahmoud Al-Mashhadani met with Saudi Crown Prince Mohammed bin Salman on Saturday during his visit to the Kingdom of Saudi Arabia to perform Hajj.
The meeting discussed the relationship between the two countries and common interests.
President Al-Mashhadani emphasized the depth of Iraqi-Saudi relations and the need to work to strengthen them to a level befitting the two brotherly peoples. link
Tishwash: Ammar Al-Mashat: Iraq needs to create a more attractive investment environment.
Economic expert Ammar Al-Mashat stressed the need to create a more attractive investment environment in Iraq.
Al-Mashat said the country requires a large-scale effort capable of absorbing global and international efforts, noting that, at the same time, specialized international companies are looking to work within Iraq.
He pointed out that the private sector has begun providing all the equipment required for work in all sectors, and this is credited to the efforts of the national private sector.
He pointed out that agents of international companies specializing in heavy equipment in Baghdad provide all the requirements of investment companies. link
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Tishwash: MP: The results of the Baghdad Development Summit on Iraq will be revealed soon.
Member of Parliament Mohammed Al-Ziyadi confirmed today, Saturday, June 7, 2025, that the results of the Baghdad Summit, which witnessed effective Arab participation, will appear soon.
Al-Ziyadi told Baghdad Today, "Iraq does not want to make the results 'ink on paper' like the previous Arab summits, but rather wants to translate those results into reality, especially economic and developmental issues, and for this reason they will be translated soon, especially in Iraq."
He added, "Iraq has become a fertile economic and developmental land at various levels, and there is a strong regional and international will to enter the Iraqi arena for investment and economic activity, which will strengthen its economic and financial position in the coming period."
On May 17, the capital, Baghdad, hosted the Arab League Summit and the fifth Arab Economic and Social Development Summit.
In its closing statement, the development summit affirmed its firm commitment to supporting joint Arab development action, strengthening Arab solidarity, and achieving economic and social integration among Arab countries.
The Development Summit approved the Arab Food Security Strategy for the period (2025-2035), calling for the mobilization of energies and resources to implement it, ensuring the achievement of Arab food security to confront current and future challenges.
She stressed the importance of developing the Greater Arab Free Trade Area and fulfilling the requirements for establishing the Arab Customs Union, calling for the removal of all obstacles to achieving this strategic goal. link
Mot: . Too Seasoned for nonsense now.
Mot: and Yet another ""Mot isium"" fer Ya Today!!!
More News, Rumors and Opinions Saturday PM 6-7-2025
KTFA:
Clare: Economic Council: Broad interest from regional and international companies to participate in the Iraq Investment Forum.
6/6/2025 Baghdad -
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.
KTFA:
Clare: Economic Council: Broad interest from regional and international companies to participate in the Iraq Investment Forum.
6/6/2025 Baghdad -
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
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Clare: 140 Trillion dinars enter the Iraqi treasury in one year, 91% of which comes from oil
6/7/2025
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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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat where...are...we...with the RV saga... The choo-choo train is still moving down the tracks quickly. It may make stops along the way, such as to combat money laundering, implementing financial reforms, implementing the Development Road Project, etc, etc. ...Many of these plans are already accomplished, some now in motion and some still in the planning stages...They do not have to implement all of these plans to get there...Later this wealth will sustain the value of the dinar once reinstated...all trains eventually make it to the end of track. This end is coming.
Bruce [via WiserNow] You've got a holiday...in Iraq...it starts Friday and ends on Monday...we talked about Eid al Adwa...in the past... they are supposed to…Let's use the term revalue their Iraqi dinar over the weekend... that did happen over that four day holiday in Kuwait... I think that this weekend, I've been told by our...sources, officially revalue the Iraqi dinar and bring it out. I'm going to say Monday or Tuesday probably Tuesday...
Is China Secretly Resetting the Gold Price?
Daniela Cambone: 6-7-2025
“You can’t reset the gold price. It’s global. No one nation can do that,” says Dr. Nomi Prins, international economist and investigative journalist.
In an interview with Daniela Cambone, Prins unpacks the myths behind recent headlines claiming China is resetting the gold price.
She clarifies that while China isn’t resetting the price, it is making structural moves to reduce its reliance on the U.S. dollar and elevate gold’s role in trade and settlement.
“What China is doing is accumulating more gold in its reserves while it is selling US Treasury bonds,” she explains. Addressing the upcoming July 1 Basel III deadline, Prins notes that gold is already classified as a Tier 1 asset under current rules. However, it is not yet recognized as a High-Quality Liquid Asset (HQLA) in the U.S. banking system.
“The July 1st date matters, but the attribution to the date that’s out there is mostly inaccurate,” she says, emphasizing that the Fed’s decision remains uncertain.
Chapters:
00:00 — Is China Resetting the Gold Price?
06:02 — The Role of Gold and the Yuan
09:08 — Can Any Country Control the Gold Price?
10:43 — What Happens on July 1 Under Basel III?
16:08 — Ray Dalio’s Warning on Debt
$28 Trillion Bond Market Crash, Stagflation Fears Rise as Defaults Loom and Debt Rises
$28 Trillion Bond Market Crash, Stagflation Fears Rise as Defaults Loom and Debt Rises
Lena Petrova: 6-6-2025
The global bond market, a bedrock of financial stability, is experiencing tremors of unprecedented magnitude. A staggering $28 trillion has been wiped off the value of bonds worldwide, raising serious concerns about a looming crisis fueled by rising inflation, sluggish economic growth, and burgeoning US debt.
Could this market correction be a harbinger of stagflation, leading to widespread defaults and economic turmoil?
The bond market, traditionally a safe haven, is sounding the alarm. As interest rates rise, the value of existing bonds falls.
$28 Trillion Bond Market Crash, Stagflation Fears Rise as Defaults Loom and Debt Rises
Lena Petrova: 6-6-2025
The global bond market, a bedrock of financial stability, is experiencing tremors of unprecedented magnitude. A staggering $28 trillion has been wiped off the value of bonds worldwide, raising serious concerns about a looming crisis fueled by rising inflation, sluggish economic growth, and burgeoning US debt.
Could this market correction be a harbinger of stagflation, leading to widespread defaults and economic turmoil?
The bond market, traditionally a safe haven, is sounding the alarm. As interest rates rise, the value of existing bonds falls.
This is because new bonds are issued with higher yields, making older bonds less attractive. The $28 trillion loss reflects investors selling off bonds in anticipation of further rate hikes and concerns about the ability of borrowers to repay their debts.
The fear is that this market turmoil could trigger a cascade of defaults. Companies and countries with high debt levels may find it increasingly difficult to meet their obligations as borrowing costs rise. This could lead to bankruptcies, sovereign debt crises, and further instability in the financial system.
The US, as the world’s largest economy, holds a central position in the global financial system. However, the country’s massive debt load is raising concerns about its long-term fiscal sustainability. If investors lose confidence in the US government’s ability to manage its debt, it could trigger a sell-off in US Treasury bonds, leading to even higher interest rates and potentially a full-blown debt crisis.
The situation is fluid and highly uncertain. Central banks are walking a tightrope, trying to combat inflation without triggering a severe recession. Governments need to implement responsible fiscal policies to manage their debt levels and support economic growth.
The $28 trillion bond market crash is a stark reminder of the challenges facing the global economy. The specter of stagflation, rising interest rates, and swelling debt levels are creating significant risks.
While the future remains uncertain, one thing is clear: navigating this turbulent period will require prudent policies, vigilance, and a healthy dose of caution.
The coming months will be crucial in determining whether this bond market tremor evolves into a full-blown earthquake.
Watch the video below from Lena Petrova with L. McDonald for further insights and information.
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/
************
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
~~~~~~~~~
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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