This is Peak of the Mania, Big Bubble to Burst as Dollar Fails

This is Peak of the Mania, Big Bubble to Burst as Dollar Fails

David Lin:  6-8-2025

In a recent interview with David Lin, Peter Schiff, Chief Economist & Global Strategist at Euro Pacific Asset Management, doubled down on his long-held bearish stance on Bitcoin, arguing that the cryptocurrency is experiencing “peak mania” and is poised to burst in a spectacular fashion.

Schiff also predicted the demise of the US dollar, emphasizing gold’s enduring value as a safe haven asset.

Schiff drew parallels between the current Bitcoin frenzy and the mortgage crisis of the 2000s, suggesting that both are fueled by speculative bubbles based on faulty premises. He argued that Bitcoin’s purported value proposition as a decentralized and scarce currency is fundamentally flawed.

Schiff questioned the underlying utility of Bitcoin, arguing that it lacks the inherent value of tangible assets like gold. He criticized Bitcoin’s volatility and transaction fees, arguing that they make it impractical for everyday use. He also dismissed the notion that Bitcoin can serve as a hedge against inflation, pointing to its price fluctuations that are often correlated with the stock market.

While dismissing Bitcoin, Schiff championed gold as the ultimate store of value and a reliable hedge against economic uncertainty and currency debasement. He argued that unlike cryptocurrencies which rely on technological infrastructure and complex algorithms, gold has intrinsic value based on its scarcity, durability, and historical role as a medium of exchange.

Schiff also expressed significant concerns about the future of the US dollar, predicting a period of prolonged inflation and a potential decline in its global reserve currency status. He attributed this to the Federal Reserve’s easy money policies and the unsustainable levels of government debt.

He argued that the combination of inflation and a weakening dollar will further strengthen the case for gold as a safe haven asset. He advised investors to diversify their portfolios with gold to protect their purchasing power and preserve wealth in the face of economic turmoil.

In conclusion, Peter Schiff’s commentary painted a bleak picture for Bitcoin and the US dollar, while simultaneously highlighting the enduring appeal of gold as a reliable store of value. His warnings about the “peak of the mania” in Bitcoin and the potential demise of the dollar are likely to resonate with investors seeking to navigate the increasingly volatile and uncertain economic landscape.

Whether his predictions prove accurate remains to be seen, but his perspective offers a stark contrast to the often-unbridled optimism surrounding cryptocurrencies and provides a valuable counterpoint in the ongoing debate about the future of money.

https://youtu.be/_kPA5ZaXpB0

News, Rumors and Opinions Monday 6-9-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

Restored Republic via a GCR: Update as of Mon. 9 June 2025

Compiled Mon. 9 June 2025 12:01 am EST by Judy Byington

Thurs. 29 May 2025: REVEALED: THE SAINT GERMAIN TRUST — TRILLIONS UNLEASHED TO DESTROY THE FIAT EMPIRE …JFK Awakening Q17

The Saint Germain Trust is REAL. Trillions in gold. Locked away. Hidden from you. Hijacked by the cabal. But in 2025, that lock is breaking. This isn’t theory. This is the financial kill switch the elites couldn’t disable.

FOR DECADES, THEY BURIED IT. NOW IT’S RISING. Behind every lie about “economic growth” was a truth they feared: a planetary trust fund, backed by hard gold, not fiat, created to liberate humanity after centuries by central banks, tax fraud, and war-for-profit systems.

The Saint Germain Trust was designed to trigger NESARA in the U.S. and GESARA globally — laws the deepstate mocked, smeared, and sabotaged. But these aren’t fantasies. They are blueprints. And they are being activated.

ITS MISSION ISN’T AID — IT’S RETRIBUTION.
Cancel national & personal debt
Fund monthly stipends — not UBI, but restoration
Back USTN with gold through QFS
Dismantle central banks & IRS foreign taxation
Unleash med beds, healing tech, clean energy
Finance a sovereign planet — not governed by the WEF or IMF, but by WE THE PEOPLE

WHY DID THEY HIDE IT? Because the minute this trust goes live, their power evaporates. The Fed, IMF, Vatican Bank, BIS — all exposed, all looted, all falling.

THE LOCK IS BREAKING — AND THE TIMELINE IS MOVING

Watch for the signs: BlackRock’s collapse. Executive Order 13848 seizures. USTN notes issued with serial match. ISO 20022 quietly integrated across global banks. Vatican forced to disclose gold holdings. This is not random. This is a coordinated dismantling of the old world system.

WE ARE INSIDE THE ACTIVATION WINDOW Stipends. Debts wiped. QFS live. Fiat systems crashing. These aren’t “coming soon.” They’re already shadow-deployed — waiting for full reveal under military command.

They tried to steal the trust. They failed. They tried to shut down QFS. They failed. They tried to rewrite the future. They FAILED. NOW THE PEOPLE WIN.

This isn’t charity. It’s vengeance. And it’s not just money. It’s the END OF THEIR EMPIRE.

Final message: You were never supposed to own land. Or retire. Or be free. But now you will — because you took it back.

~~~~~~~~~~~~~`

 “Each of us has power to lift another’s burden—a smile to a stranger, a listening ear, a decision not to judge, an unexpected compliment. Simple acts of compassion become powerful expressions of God’s love to those in need. In a way, our hands become His hands, benefiting all within our reach.”

Read full post here:  https://dinarchronicles.com/2025/06/09/restored-republic-via-a-gcr-update-as-of-june-9-2025/

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

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

Militia Man  Iraq is under sanctions and is not actively traded globally at any significant means.  But when they are, when they do have a real effective exchange rate, there's going to be an impact to all [their] trading partners...When Iraq hits the Forex they're going to be monitoring all those [trading] countries to play by the rules with a level playing field...They're going to have to play fair with real fundamentals...They're not going to want anybody taking advantage of when Iraq has a real effective exchange rate.  They want a stable exchange rate.

Frank26   Question:  "Are we going to pay taxes on our dinar?"  Of course you are.  In what world do you not pay taxes?  Seriously, stop.  You're dreaming if you think you're not going to pay taxes on something like this.  You're the backbone of the United States of America.  You're the tax payer...How else do you think America pays its bills?

This is How the Dollar Dies

Heresy Financial:   6-9-2025

TIMECODES

00:00 The Dollar Won’t Die Like You Think

 00:20 Controlled Demolition Begins

01:00 Dollar Index Breakdown

02:00 Why Foreigners Are Dropping Treasuries

03:00 Gold vs Treasuries Shift

04:00 Flight to Safety Explained

05:00 The $100 Trillion Debt Trap

 06:00 Global Demand for Dollars

 07:00 Domino Effect of Default

 08:00 Why Foreign Banks Need the Fed

 09:00 Gresham’s Law in Action

10:00 Death of the Dollar Explained

11:00 The Rise of Gold & Bitcoin Bonds

11:40 Final Warning & Strategy

https://www.youtube.com/watch?v=iM3gDv8o3-s

Coffee with MarkZ. 06/09/2025

Coffee with MarkZ. 06/09/2025

No Notes today. PDK is ill.

MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions

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/

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

Youtube:  https://www.youtube.com/watch?v=aqNcxx4Hd5U

Seeds of Wisdom RV and Economic Updates Monday Morning 6-9-25

Good Morning Dinar Recaps,

ETF ISSUERS PUSH SEC TO RESTORE ‘FIRST-TO-FILE’ APPROVAL PROCESS—CRITICIZE REGULATORY DELAYS ON STAKING & ALTCOIN ETFS

A group of leading ETF firms is urging the SEC to return to the “first-to-file” approval model, claiming the current system undermines innovation and rewards passive behavior.

VanEck, 21Shares & Canary Capital Fire Back at the SEC

📨 ETF issuers VanEck, 21Shares, and Canary Capital have submitted a formal letter to the U.S. Securities and Exchange Commission (SEC) calling for a reinstatement of the first-to-file approval system for ETFs.

🔍 Their main arguments:

• Skipping the queue discourages innovation

• Delays stifle investor choice

• The current system hurts competition

“The reduced incentive for pioneering product development… compromises market efficiency and fundamentally undermines the commission’s mission.”

They also warned that regulatory inconsistency may cost the U.S. its leadership in financial innovation.

Crypto ETF Momentum Grows Under Trump Administration

Since President Trump’s inauguration, there has been a noticeable surge in crypto ETF applications, reflecting growing expectations for a more favorable regulatory climate.

Yet, despite increased activity, SEC delays are widespread.

SEC Slow-Walks Approval on Staking & Altcoin ETFs

Staking and altcoin ETF filings have multiplied — but so have SEC postponements.

 Notable delays include:

• Grayscale’s spot Solana ETF – Now pushed to October

• Staking and XRP ETFs – Delayed with no early approvals expected

Analyst Insight:

“Almost all of these filings have final due dates in October. Early decisions are out of the norm.” — James Seyffart, Bloomberg ETF Analyst

📉 Even REX-Osprey’s staked ETF products, which had effective registration statements, were halted due to SEC concerns over fund structure — dimming expectations for near-term launches.

Why It Matters

With institutional interest booming and crypto markets expanding, regulatory clarity and efficiency are now mission-critical.

 Returning to a transparent and orderly “first-to-file” process could:

• Reinvigorate innovation

• Restore trust among issuers

• Accelerate broader crypto ETF adoption

Final Thought

As crypto ETFs evolve into a pillar of digital asset investing, the SEC’s next moves could define U.S. market leadership for years to come.

@ Newshounds News™
Source:  Cointelegraph

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Ripple Launches Japan-Focused Web3 Program Backed by JETRO

Ripple teams with Web3 Salon to fund XRPL-based innovation in Japan—grants up to $200K, major events planned through 2026, and a bold push to accelerate real-world Web3 adoption in Asia.

Ripple Backs Japan’s Web3 Startups with Grants and Mentorship

Ripple is expanding its footprint in Asia with a dedicated initiative to support Web3 startups in Japan, in partnership with Web3 Salon, a program powered by Asia Web3 Alliance Japan and supported by JETRO (Japan External Trade Organization). The new program is designed to drive real-world development on the XRP Ledger (XRPL) by equipping Japanese entrepreneurs with capital, technical mentorship, and regulatory guidance.

▪️ Ripple & Web3 Salon will award up to $200,000 per startup

▪️ Program backed by Ripple’s Japan & Korea Fund

▪️ Four major events planned across Japan through March 2026

$200K Grants to Fuel XRPL Innovation in Japan

At the core of the program is Ripple’s Japan & Korea Fund, part of its broader $1 billion commitment to the XRP ecosystem announced in 2022. Japanese startups building solutions in DeFi, tokenized real-world assets (RWA), and digital payments on the XRPL are eligible to receive grants of up to $200,000.

Along with capital, startups will gain access to Ripple’s global investor and advisor network, offering early-stage founders strategic advantages in funding, business development, and scaling.

Mentorship & Market Strategy Led by Web3 Salon

While Ripple drives capital support and network access, Web3 Salon will take the lead on founder mentorship, compliance support, and go-to-market readiness. In a country with stringent but transparent crypto regulations, this collaboration is positioned to help startups navigate legal complexities and build sustainable, regulation-ready ventures.

Four Major Events Planned Through Early 2026

Ripple’s regional strategy is also reinforced through an ambitious event roadmap. Community leader WrathofKahneman confirmed that this initiative aligns with Ripple’s long-term expansion in Asia.

From now through March 2026, Ripple and Web3 Salon will co-host four major events in Japan, featuring:

• Pitch competitions

• Policy and regulatory panels

• Investor networking

• Web3 workshops and education

These events are designed to accelerate ecosystem growth and encourage collaboration among developers, policymakers, and enterprise partners.

Japan’s Web3 Opportunity: Clarity Meets Innovation

With its tech-savvy market, supportive institutions, and clear regulatory structure, Japan is uniquely positioned to become a Web3 powerhouse in Asia. Ripple’s strategic alignment with JETRO-backed Web3 Salon represents an institutional push to remove entry barriers for blockchain innovators.

As Ripple continues to invest in foundational technologies and ecosystems, Japan could emerge as a regional leader in real-world blockchain adoption—powered by the XRP Ledger.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

BRICS: 50+ Nations Now Use Yuan, Rupee, Ruble—Not US Dollar in Trade

BRICS-led de-dollarization deepens as over 50 countries shift to local currencies in energy and defense sectors, replacing dollar-based trade systems with yuan, rupee, and ruble.

BRICS Powers Global Shift Away from US Dollar

A global financial shift is accelerating as over 50 nations now conduct trade in yuan, rupee, and ruble, especially within oil and defense sectors, reducing reliance on the U.S. dollar. BRICS nations are at the center of this transformation, using currency trade agreements and new payment infrastructures to bypass the petrodollar system.

India and Russia Drive the Local Currency Trade Boom

The strategic cooperation between India and Russia has shown that local currency settlements are not only viable but efficient. India continues to buy Russian oil using rupees, directly paying energy giant Rosneft without the traditional SWIFT-based, dollar-centered mechanisms.

In defense trade, Russia supplies nearly 66% of India’s military imports, and these deals are increasingly settled in yuan, rupee, or ruble. Bilateral agreements have made national currency transactions standard, demonstrating that large economies can shift away from the dollar without friction.

India–Russia trade surged from $13B in 2021 to $27B in 2022—largely due to local currency payments.

Saudi Arabia Joins the De-Dollarization Movement

Saudi Arabia, long seen as a pillar of the petrodollar system, is now engaging in currency swaps with China and discussing yuan-based oil settlement mechanisms. This marks a historic turning point in global energy markets.

Russian President Vladimir Putin emphasized this shift during the BRICS Summit in Kazan:

“The dollar is being used as a weapon. We really see that this is so. I think that this is a big mistake by those who do this.”

Commonwealth Nations Embrace National Currencies

The Commonwealth of Independent States (CIS) has reached an advanced stage of de-dollarization: over 85% of cross-border trade within the bloc now uses local currencies, directly reflecting the BRICS influence in shaping regional currency practices.

Brazilian President Luiz Inacio Lula da Silva also criticized dollar hegemony, stating:

“Resorting to unilateralism undermines the international order… the consistent defense of multilateralism is the only path we must follow.”

BRICS Pay and Dollar-Free Infrastructure Expansion

To facilitate this growing currency shift, BRICS is rapidly developing BRICS Pay, a payment system that supports multinational trade in local currencies. While a single unified BRICS currency remains under discussion, BRICS Pay already allows seamless transactions outside the dollar system.

This infrastructure also helps countries circumvent sanctions while maintaining legal trade, contributing to the ongoing decline of petrodollar dominance.

Over 50 nations are now engaging in non-dollar trade across key sectors—marking a turning point in the global financial order.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

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Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Why Some People Get Rich and Others Can’t Seem To, According to Ramit Sethi

Why Some People Get Rich and Others Can’t Seem To, According to Ramit Sethi

Karen Doyle  Sun, June 8, 2025   GOBankingRates

Ramit Sethi — entrepreneur, best-selling author of “I Will Teach You to Be Rich,” host of the popular podcast by the same name, and star of Netflix’s “How to Get Rich” — has spent years studying what sets the wealthy apart from others.

In his study of success, Sethi’s insights reveal why some people build lasting wealth while others struggle to get ahead.

Here are the important reasons Sethi believes some people get rich and others don’t.

Get Stuck or Get Successful

What he has learned is that some people get stuck instead of getting rich. They spin their wheels, stuck on the same problem for years. The people who get rich, on the other hand, look for solutions to the specific problem they are facing.

This is not to say that those who stay stuck aren’t trying. In fact, they are trying new things all the time — a new morning routine, new productivity apps, a get-rich-quick scheme, even new foods or a different diet. But these are not the things that will get you unstuck, according to Sethi. There’s only one thing that will do that.

Mental Mastery

The secret, according to Sethi, is mental mastery. Or, as he calls his program, Mental Mastery. Sethi developed this program after he surveyed a large group of successful people to learn how they did it. He grilled them on how they navigated career moves, learned from bosses — good and bad — and ultimately built successful businesses.

There are four components to mental mastery, and Sethi explains what they are and why you need them.

Unshakeable Confidence

Sethi found that successful people exhibit unshakeable confidence. They believe in themselves, and they truly believe they can do whatever they want. They believe they are entitled to their success.

Unwavering Focus

They demonstrate unwavering focus, another requirement for the mental mastery that leads to success. Sethi recommends that you maintain a laser focus on what you want and forget all distractions. Believe that nothing can stand in your way.

Motivation

Those who have mental mastery are unstoppable when it comes to motivation. His program teaches you how to attain the energy and excitement needed to do exactly what you want, at the time you want to do it.

TO READ MORE:  https://www.yahoo.com/finance/news/why-people-rich-others-t-120218144.html

“Tidbits From TNT” Monday Morning 6-9-2025

TNT:

Tishwash:  Iraq drops to 29th place globally in gold reserves

The World Gold Council announced on Sunday that Iraq has dropped one place in its ranking of the world's top gold-holding countries.

According to the latest index published by the Council in June, and reviewed by Iraq Observer, Iraq ranked 29th out of 100 countries listed, down from 28th globally and fourth in the Arab world, after Saudi Arabia, Lebanon, and Algeria.

According to the table, Iraq's gold holdings amounted to 162.7 tons, representing 12.9% of its total other reserves.

The Council noted that "the United States of America tops the list of the world's largest gold holders, with 8,133,000 tons, followed by Germany with 3,351,000 tons, then Italy with 2,451,000 tons, while Iceland and Tobago come in last with 2 tons."

The World Gold Council, headquartered in the United Kingdom, has extensive experience and in-depth knowledge of the factors influencing market changes, and its members include the world's largest and most advanced gold mining companies   link

Tishwash:  Iraq joins the club of advanced countries in electronic payments with 22 million bank cards.

Nabil Al Najjar, head of the electronic payments team, announced that Iraq has become one of the most advanced countries in this field, thanks to decisive government decisions and support from the Central Bank and the financial sector.

He noted that the number of bank cards has exceeded 22 million, and that their usage is constantly increasing, with intensive efforts to deploy electronic payment devices throughout the country.

Al-Najjar said in a press statement, "The electronic payment project was not a spur-of-the-moment project. Rather, it was the result of prior preparations that paved the way for Iraq's advancement in this field, despite its late entry, like the rest of the world. However, today we are among the advanced countries that use electronic payment tools."

He explained that the success of this project depended on two key factors: desire and decision-making, adding, "The government's desire came in 2023, specifically on January 18, with a decision to transform Iraq's economic front from a paper-based cash system to an electronic payments system. Thus, we began gradually."

He pointed out that the first experiment to impose the use of electronic payment was at gas stations, saying, "The first experiment was on a single day in June 2023, regarding the issue of forcing gas stations to use electronic payment tools. We certainly encountered problems at first. The project is new and faces many challenges."

He pointed out that "the will was vested in the Central Bank of Iraq and the financial sector as a whole—banks and electronic payment companies, which have contributed significantly to shifting the economy from cash to cashless."

He continued: "The number of cards, according to the statistics available to us, has exceeded 22 million, and thus this number is constantly increasing. The coming days will witness a higher rate of increase, given that on July 1, cash will no longer be accepted at all state institutions. While cash is currently available, it will be available in its entirety, including at gas stations."

Regarding card usage, Al-Najjar explained that "the number of cards in use exceeds 17 to 18 million, and the situation is on the rise. We're talking about more than 40% of citizens using electronic payment tools, and the coming days will witness further change."

He added, "Most citizens own more than one card from more than one company and more than one bank. Their use is limited, and some only use them at government institutions. We need to educate more about the use of these cards in commercial markets and shops. This issue falls on us to raise awareness about the culture of electronic payment."

In this context, Al-Najjar announced a new campaign to spread the culture of electronic payment, saying, "I announce that the "We Will Reach You" campaign, which was launched on January 11, 2025, will be available in the coming days, at the beginning of next month or the end of this month. We will be present in the Kurdistan Region to spread the culture of electronic payment widely."

He explained that Iraq is striving to achieve global standards in this field, saying, "The global system speaks of one POS device for every 37 citizens. Today, in Iraq, we are striving to reach this point by deploying POS devices in shops, large and small markets, and even among kiosk owners."

He pointed out that "electronic payment companies are trying to make these devices available and encourage their use by citizens through loyalty programs launched by companies and banking institutions."

Regarding the situation in the Kurdistan Region, Al-Najjar said: "Today, the Kurdistan Region has entered the localization phase, so the POS deployment phases will be faster and more acceptable to the public, given that they have already gone through this experience in previous phases, but today it is becoming widespread."

He explained that the devices are often distributed free of charge, and that sometimes a small insurance fee of no more than 200,000 to 300,000 dinars is imposed, which is refunded when the device is returned without defects.

Al-Najjar considered Halabja Governorate to represent a strategic launch for the "We Reach You" campaign, explaining: "Today, Halabja Governorate is a new Iraqi governorate. We used to have 18 governorates, now we have 19. Therefore, our people in the Kurdistan Region have a significant share of the electronic payment culture."

He continued: "Choosing Halabja Governorate to launch the "We Will Reach You" campaign from this governorate is a move towards the Kurdistan Region, and also the northern regions of Iraq. I mean here the areas bordering the Kurdistan Region: Mosul, Kirkuk, Salah al-Din, and also the other governorates."

Al-Najjar confirmed that this campaign is being directly sponsored by the Central Bank of Iraq and supported by several financial institutions, including the Bank of Baghdad, the Development Bank, Arab Bank, K-Card, Rafidain Bank, Al-Saqi Bank, Bank of the South, Amwal Bank, Al-Ahli Bank, and others.

He concluded his remarks by pointing out that "banking financial institutions and electronic payment companies are sparing no effort to motivate citizens through loyalty programs, under the direct supervision of the Central Bank of Iraq, the Payments Department, the Financial Inclusion Division, and other relevant departments, with the goal of delivering financial services directly to citizens."  link

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Tishwash:  The Ministry of Finance completes the 2025 budget schedules, and Al-Kadhimi warns: It must reflect the economic reality and the decline in oil prices.

The Ministry of Finance is moving toward completing final preparations for the 2025 budget schedules within the next few days. Meanwhile, parliamentary finance committee member Moeen Al-Kadhimi stressed the need for these schedules to reflect the current economic reality, especially in light of the decline in oil prices.

Al-Kadhimi explained in a statement followed by (Al-Mada) that "the schedules the ministry is working on are routine and were prepared according to a mechanism that has been followed for a long time," adding that it is likely that "they will be presented to the Finance Committee after the Eid al-Adha holiday, where they are expected to be reviewed in a single session during which recommendations will be presented and ratified by Parliament."

He explained that "the House of Representatives has the authority to reduce financial allocations without increasing them," adding that "the Finance Committee intends to use this right to control the size of public spending and align it with available resources."

He pointed out that "the 2023 budget amounted to 199 trillion dinars, but the actual expenditure did not exceed 146 trillion dinars. As for 2024, the budget was estimated at 211 trillion dinars, while only 156 trillion dinars have been implemented so far."

Al-Kadhimi stressed that "the 2025 budget schedules must be more realistic and based on actual revenues, not estimates," emphasizing "the need to take into account the financial challenges associated with declining oil revenues, while achieving a balance between the requirements of ministries and the aspirations of governorates, on the one hand, and the government's actual ability to finance, on the other."   link

Mot:  .. aaaahhhhhhh -- the ""Wisdom"" Ya Finds on da Net!!! 

Mot: .. Showed Them - HUH!!!  

Economist Called 1987 Crash, Issues Dire Warning for Danger Zone

Economist Called 1987 Crash, Issues Dire Warning for Danger Zone

David Lin:   6-8-2025

Renowned economist Mark Skousen, often dubbed “America’s Economist” and Doti-Spogli Endowed Chair of Free Enterprise at Chapman University, has issued a stark warning about the current economic climate, drawing parallels to his accurate prediction of the 1987 stock market crash.

 Speaking with David Lin, Skousen highlighted the potential dangers stemming from President Trump’s tariff policies and outlined investment strategies for navigating a landscape fraught with stagflation and financial market instability.

Skousen, a highly respected figure in the economic world, expressed serious concerns about the unintended consequences of tariffs.

 He argues that while the intention might be to protect domestic industries and incentivize manufacturing, these policies often lead to higher prices for consumers, disrupt supply chains, and ultimately stifle economic growth.

He believes these policies are pushing the economy closer to a “danger zone” characterized by increased uncertainty and volatility.

A key concern highlighted by Skousen is the rising threat of stagflation – a combination of stagnant economic growth and high inflation.

This scenario, which plagued the 1970s, is particularly worrisome as it presents policymakers with a difficult dilemma: measures to combat inflation could further dampen economic growth, while policies aimed at stimulating growth might exacerbate inflationary pressures.

Skousen’s warning, given his track record in predicting market downturns, should not be taken lightly. His emphasis on the potential ramifications of tariff policies, the looming threat of stagflation, and the need for strategic investment approaches offers valuable insights for investors seeking to protect and grow their wealth in these uncertain times.

While the future remains uncertain, Skousen’s analysis provides a framework for understanding the risks and opportunities that lie ahead. He urges investors to exercise caution, conduct thorough research, and adopt a proactive approach to managing their portfolios. Only then can they hope to weather the storm and emerge stronger on the other side.

https://youtu.be/dKEcg_4ykEs

More News, Rumors and Opinions Sunday PM 6-8-2025

KTFA:

Clare:  The President of the Republic of Iraq arrives in France

6/8/2025

Iraqi President Abdul Latif Jamal Rashid arrived in France on Sunday on an official visit to participate in the third United Nations Ocean Conference in Nice.

The President is accompanied on his visit by First Lady Shanaz Ibrahim Ahmed, Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein, and a number of officials and advisors. LINK

Clare:  Al-Sudani: 80 locally manufactured goods are being exported, and the development path will create a new Iraq.

6/8/2025

Prime Minister Mohammed Shia al-Sudani announced on Sunday that approximately 80 locally manufactured goods are currently being exported abroad, considering the vital "Development Road" project to enable Iraq to become an economic corridor serving the entire world.

Al-Sudani said in a statement during his meeting with a number of sheikhs and tribal leaders in Iraq, on the occasion of Eid al-Adha, that: “The fields of work are witnessing today a great deal of effort and the treatment of poor management and planning, and they have been returned to their proper path.”

He added that there are significant economic reforms underway, and that we have focused on the parallel economic sectors to oil, activating their contribution to the economy. He added, "We have been able to identify 80 Iraqi-made products that are currently being exported."

Al-Sudani continued, saying that Iraq could be an economic corridor serving global trade and the countries of the region, and that the path to development would create a new Iraq. He added, "We have established Iraq's position on various issues and the independence of its political decision-making."

In April 2024, Iraq, Turkey, the UAE, and Qatar signed a quadripartite agreement on the Iraq Development Road Project, under the auspices of Iraqi Prime Minister Mohammed Shia al-Sudani and Turkish President Recep Tayyip Erdoğan.

The agreement aims to enhance cooperation regarding Iraq's strategic development project, as the four countries will work to establish the necessary frameworks for its implementation, according to a statement issued by the Prime Minister's Office.

The strategic development road project is expected to contribute to stimulating economic growth and strengthening regional and international cooperation, achieving economic integration and sustainability between East and West.

The project will also increase international trade, facilitate the movement of goods, provide a new competitive transportation route, and enhance regional economic prosperity.

It's worth noting that the "Development Road" project is a land and railway route extending from Iraq to Turkey and its ports. The road and railway span 1,200 kilometers within Iraq and are primarily intended to transport goods between Europe and the Gulf states.

The project's investment budget is approximately $17 billion, including $6.5 billion for the expressway and $10.5 billion for the electric train. It will be completed in three phases, the first of which will end in 2028, the second in 2033, and the third in 2050.

The project is expected to provide approximately 100,000 job opportunities in the first phase, and one million job opportunities upon completion.   LINK

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

Militia Man  Iraq is under sanctions and is not actively traded globally at any significant means.  But when they are, when they do have a real effective exchange rate, there's going to be an impact to all [their] trading partners...When Iraq hits the Forex they're going to be monitoring all those [trading] countries to play by the rules with a level playing field...They're going to have to play fair with real fundamentals...They're not going to want anybody taking advantage of when Iraq has a real effective exchange rate.  They want a stable exchange rate.

MarkZ   [via PDK]  Article:  “The coordination framework calls for resolving disputes between the centre and the region through the legislation of the Oil and Gas Law” ...15 years ago – I was told that when this was done - we go…and quickly. I love seeing this enormous amount of political pressure. This law should be before parliament before the middle of June. 

Using Gold to Preserve Wealth & Rebuild After the Reset

Gold Rush Hour:  6-8-2025

In this episode of Gold Rush Hour, we break down how gold and silver protect your wealth during economic resets and currency collapses.

Fiat currency experiments eventually fail, and as inflation surges and national debt grows, more people are turning to gold for true financial security.

https://www.youtube.com/watch?v=u6IBeS50uzM

Iraq Economic News And Points To Ponder Sunday Afternoon 6-8-25

What Are The Reasons For The Decline In The Value Of The Issued Currency Printed In Iraq?

Economy |  08/06/2025   Mawazine News – Baghdad   Data from the Central Bank of Iraq (CBI) shows that the value of Iraq's issued currency (printed) is currently at its lowest level in a year.

According to the latest statistical data on the currency issued in Iraq in April 2025, the value of the issued currency (printed) amounted to 98.4 trillion Iraqi dinars, down from 99.8 trillion Iraqi dinars in March 2025.

This value of money issued in Iraq is the lowest in two years, specifically since March 2024, when the issued currency reached 98.3 trillion Iraqi dinars. https://www.mawazin.net/Details.aspx?jimare=262289

Stock Market: The Dollar Price Stabilizes In Local Markets

Buratha News Agency 211 2025-06-08  The dollar exchange rate in local markets in the capital, Baghdad, witnessed remarkable stability on Sunday, June 8, 2025. The selling price of the dollar reached 142,000 Iraqi dinars per 100 US dollars, while the buying price recorded 141,000 Iraqi dinars.

In Erbil, the selling price of the dollar was 141,750 dinars per $100, while the buying price was 141,500 dinars. In Basra Governorate, the selling price was 141,750 dinars per $100, while the buying price was 141,250 dinars.

This stability reflects a state of balance in the local currency market amid continued trading activity in Iraq's various governorates.   https://burathanews.com/arabic/economic/461068

Iraq Drops To 29th Place Among Countries With The Highest Gold Holdings In The World

Sunday, June 8, 2025 | Economic Number of readings: 34   Baghdad / NINA / Iraq dropped one place in the ranking of countries with the largest gold reserves in the world.

The World Gold Council stated, in a table, that "Iraq ranked 29th out of 100 countries listed in the table, after it was ranked 28th globally, and ranked fourth in the Arab world after Saudi Arabia, Lebanon and Algeria."

It added, "Iraq's gold holdings amounted to 162.7 tons, representing 12.9% of its total other reserves."

The table indicated that "the United States of America tops the list of the largest gold holders in the world, followed by Germany, then Italy, while Iceland and Tobago came at the bottom of the list." / End

https://ninanews.com/Website/News/Details?key=1232246

Iraq's Oil Exports To The US Declined Last Week

Sunday, June 8, 2025 | Economic Number of readings: 127   Baghdad/ NINA / The US Energy Information Administration announced a decrease in Iraqi exports to the United States during the past week.

The administration stated in a table that "the average US imports of crude oil during the past week from 9 major countries amounted to 5.491 million barrels per day, a decrease of 309 thousand barrels per day compared to the previous week, which amounted to 5.800 million barrels per day.

It added that the average "Iraqi oil exports to America amounted to 214 thousand barrels per day, a decrease of 21 thousand barrels per day compared to the previous week, which amounted to 235 thousand barrels per day."

The administration indicated that "the largest oil revenues to America during the past week came from Canada, followed by Saudi Arabia, Brazil, Mexico, Colombia and Iraq."

According to the table, "the amount of US imports of crude oil continues from Venezuela, Nigeria and Ecuador." / End   https://ninanews.com/Website/News/Details?key=1232260

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

Bill Gates’ Top 5 Tips for Getting Richer

Bill Gates’ Top 5 Tips for Getting Richer

Gabriel Vito  Sat, June 7, 2025  GOBankingRates

Bill Gates didn’t just co-found Microsoft and become one of the richest people on Earth; he did it by thinking long-term, building smart habits and staying relentlessly curious.

And here’s the good news: many of his most valuable money strategies don’t require a billion-dollar business or a computer science degree. Gates has shared several principles that can help anyone, regardless of their salary, become wealthier over time. Below are five Gates-inspired tips to grow your wealth, build resilience and start thinking like a billionaire.

Build Skills That Never Go Out of Style

Gates is a lifelong learner, someone who reads dozens of books a year and still makes time for in-depth study. “Reading is still the main way that I both learn new things and test my understanding,” Gates said in an interview with The New York Times.

He’s particularly bullish on learning to code, analyze data or understand science and systems thinking. But it doesn’t have to be technical. What matters is picking up skills that add long-term value and can grow with you, like writing, solving complex problems or leading a team.

Stay Optimistic, Even When Progress Is Slow

Gates is a long-term thinker. He’s spent decades solving massive global problems, from eradicating diseases to rethinking energy and he’s often said that believing progress is possible is the first step to making it real. “Even in dire situations, optimism fuels innovation and leads to new approaches that eliminate suffering,” Bill Gates said during his 2014 commencement address at Stanford University.

That same mindset applies to building wealth. If you’re starting from scratch, it’s easy to feel like you’ll never get ahead. But optimism, paired with consistent action, is what keeps you moving forward.

Wealth isn’t built overnight. It’s built by people who believe their effort matters and who keep going even when it doesn’t feel flashy or fast.

Save Cautiously, But Bet Boldly on the Future

TO READ MORE:  https://www.yahoo.com/finance/news/bill-gates-top-5-tips-180040321.html

All Fiat Currencies Will Collapse | Kerry Lutz

All Fiat Currencies Will Collapse | Kerry Lutz

Liberty and Finance:  6-7-2025

The global financial system is in a state of slow-motion collapse, eroding individual freedoms and demanding a shift in financial strategy.

That’s the stark warning from Kerry Lutz, founder of the Financial Survival Network, in a recent conversation with Liberty and Finance.

Lutz, who has long voiced concerns about the fragility of the existing financial order, believes his early warnings are now being validated by market realities.

Lutz argues that the signs are everywhere, from the surging price of gold to the increasing adoption of Bitcoin, and the ineffectiveness of traditional economic safeguards to protect against currency debasement. He emphasizes that these aren’t isolated incidents, but rather symptoms of a deeper systemic malaise.

A key element of Lutz’s strategy for navigating this uncertain landscape is holding tangible assets, particularly precious metals like gold and silver. He sees these assets as a crucial hedge against inflation and currency devaluation, offering a real sense of security in a world where traditional financial instruments are increasingly vulnerable.

He also highlights a growing movement within the United States, where states are beginning to recognize gold and silver as legal tender.

 This, Lutz believes, is a positive step towards empowering individuals and giving them greater control over their financial futures. By allowing citizens to transact directly with precious metals, it bypasses the traditional banking system and offers a tangible alternative to fiat currency.

Lutz’s message is clear: the comfortable assumptions of the past no longer hold true. The reliance on traditional financial institutions and government safeguards is proving increasingly risky.

 In this environment, individuals must take proactive steps to protect their wealth and secure their financial futures. Investing in tangible assets, understanding alternative currencies, and staying informed about the changing financial landscape are all crucial components of a survival strategy in this era of “slow-motion collapse.”

While the future remains uncertain, Kerry Lutz’s message serves as a powerful call to action, urging individuals to take control of their financial destinies and prepare for a world drastically different from the one they once knew.

INTERVIEW TIMELINE:

0:00 Intro

 1:43 Free speech

 9:00 Dollar destruction

19:19 Gold, silver, & cryptocurrency

29:17 Dangers of AI

https://www.youtube.com/watch?v=byehRL5BHog