Economist’s “News and Views” 6-10-2025

S&P To Hit 6,250 Then 30% Drop: 'Market Running Out Of Energy' Says Gareth Soloway

David Lin:  6-10-2025

Gareth Soloway, Chief Market Strategist at Verified Investing, examines whether the S&P 500’s sharp rebound marks a true bull market or a fleeting bounce while dissecting Fed policy shifts, tariff impacts, Bitcoin’s resistance ceiling, precious‑metal breakouts, and looming bond‑market risks.

0:00 - Intro

0:30 - China trade talks

2:32 - Labor market cracks

3:44 - Fed rate cuts?

4:51 - Bullish sentiment

8:30 - Breakout levels

13:21 - Why do we need a pullback?

15:36 - Triggers for move down

18:15 - Bitcoin

24:45 – Gold

 27:01 - Silver and other metals

30:18 - 10-year bond yield

31:34 - Favorite asset class

https://www.youtube.com/watch?v=G3-2z1wnOqw

BREAKING: China To Imminently Announce a Gold To Yuan Fixed Exchange Rate! - Alasdair Macleod

Financial Wisdom:  6-10-2025

0:00 - China aims to control global gold pricing from Shanghai

0:36 - How SGE vaults enable gold-yuan trade bypassing the dollar

 1:50 - China's strategic need to decouple from the US dollar

3:20 - Why China's survival may depend on linking yuan to gold

 4:34 - China's recognition of gold-backed economic stability

6:02 - Lessons from the UK gold standard and China's future plans

 7:14 - China's accumulation of gold reserves since the 1980s

8:55 - Shift of global gold from West to East

10:00 - China’s regional trade strategy post-Trump tariffs

11:08 - International expansion of the Shanghai Gold Exchange

 11:45 - Opening Shanghai Futures Exchange to foreign banks

12:10 - China’s push to move gold price control to Shanghai

https://www.youtube.com/watch?v=PiaXX2h3elE

Gold to $6,000 and Why the US Dollar is Losing Its Power, Part 2

Wealthion:   6-9-2025

Renowned economist David Rosenberg, known for his sharp insights and contrarian calls, recently returned to Wealthion with a powerful message for investors: prepare for a significant shift in the financial landscape.

 In Part II of his interview, Rosenberg laid out his compelling case for a gold surge to $6,000, a weakening U.S. dollar, and the compelling opportunity presented by Treasury bonds.

Rosenberg, now with Rosenberg Research & Associates, pulls no punches in his assessment of the current environment. He argues that the U.S. financial system is increasingly fragile, burdened by unsustainable debt and deficits, ultimately leading to a devaluation of the dollar and a scramble for safe havens.

Rosenberg’s boldest prediction is undoubtedly his forecast for gold. He believes the precious metal is poised for a significant rally, projecting a target of $6,000 this cycle.

This conviction stems from the growing global uncertainty, the rising cost of living, and the central banks’ accelerating accumulation of gold reserves. As global trust in fiat currencies wanes, gold is expected to become an increasingly attractive alternative.

Contrary to the prevailing narrative, Rosenberg believes Treasury bonds are currently mispriced, offering investors asymmetric upside.

 In a world grappling with economic slowdown and potential recession, he argues that the safety and liquidity of Treasuries make them a crucial asset for portfolio protection. He contrasts this with the prevailing mantra of the past decade, “There Is No Alternative” (TINA), where investors were forced into riskier assets like stocks in search of yield.

Rosenberg declares TINA dead, arguing that Treasuries now offer a compelling alternative for risk-averse investors seeking stability and potential appreciation.

The erosion of the U.S. dollar’s dominance is another key theme of Rosenberg’s analysis. He warns that America’s reserve currency status may be under threat as central banks worldwide are increasingly diversifying their holdings and accumulating gold. This trend, fuelled by concerns about U.S. debt and deficits, could further weaken the dollar and exacerbate inflationary pressures.

Adding further weight to Rosenberg’s thesis, Jonathan Wellum, CEO of Rocklinc, provides a special addendum reinforcing the importance of preparing for a world where the U.S. can no longer spend without consequences.

He emphasizes the need for investors to understand the underlying vulnerabilities of the U.S. financial system and proactively adjust their portfolios to mitigate potential risks.

David Rosenberg’s return to Wealthion offers a timely and thought-provoking perspective on the future of the global economy.

While predictions should always be approached with caution, his insights provide valuable guidance for navigating an increasingly uncertain financial landscape. Now is the time for investors to carefully assess their portfolios and prepare for the potential shifts ahead.

https://youtu.be/_Qr5AApfzKA

6 Most Useful Lessons I've Learned From My Wealthiest Clients

6 Most Useful Lessons I've Learned From My Wealthiest Clients

Business Insider  Jovan Johnson  Sun, June 8, 2025

I've been a financial planner for over 10 years. Here are the 6 most useful lessons I've learned from my wealthiest clients.

I'm a certified public accountant and certified financial planner with over a decade of experience helping high-income professionals and diverse business owners take control of their finances. My clients range from medical professionals to small businesses, and I help them grow their wealth, reduce tax burdens, and run more profitable businesses.

Many of my high-net-worth clients share common habits, mindsets, and strategies that helped them build and maintain their wealth. The good news is that anyone can apply these habits to improve their financial life.

Here are six of the most useful lessons I've learned from my wealthiest clients.

The more you give, the more you receive

One of the most profound lessons I've learned is that life becomes richer when you focus on pouring into others, rather than just focusing on yourself.

For example, clients who are generous with their employees often see retention rates soar. This principle extends beyond finances into mental well-being, relationships, and overall happiness. Generosity has a way of opening doors that talent or hard work alone sometimes can't.

Many of my wealthiest clients often share that they wouldn't be where they are without the generosity of others who helped them along the way.

Relying on others is the only way to accomplish everything

Wealthy individuals often have incredibly demanding schedules, leaving little time for personal tasks or downtime. One key to their success is recognizing the power of outsourcing and delegation.

Whether they hire a nanny to help with childcare or work with a financial advisor to manage their finances, they understand that they can't do it all alone. Instead of trying to juggle every responsibility, they build a trusted team around them with professionals who help them stay focused on what matters most.

They become comfortable relying on others, knowing it's the only way to accomplish everything on their plate while still maintaining their sanity and quality of life.

You can only go as far as your health allows

If you don't take care of your health, it will be harder to reach your goals, no matter how important they are. Many of my wealthiest clients have learned this firsthand. They've realized that when their mental, physical, spiritual, or emotional health is off-balance, their ability to lead, create, and perform suffers.

As a result, they intentionally make time and invest in activities that support their overall health, such as exercise, therapy, spiritual practices, or rest. Prioritizing health is not a luxury; it's a necessity.

TO READ MORE:  https://www.yahoo.com/finance/news/ive-financial-planner-over-10-170701688.html

News, Rumors and Opinions Tuesday 6-10-2025

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 10 June 2025

Compiled Tues. 10 June 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 10 June 2025:

Mon. 9 June 2025: Trump is quietly closing down the IRS – and clearing a path for a new financial system — one that doesn’t rely on fear, audits, or manipulation. A system that can’t be used as a weapon. Transparent. Just. Fair. This is not reform. It’s liberation.

Possible Timing:

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.

As of Sun. 1 June 2025 some Redemption Centers (allegedly) became fully operational, secured by military oversight, and processing gold-backed transactions through the Quantum Financial System.

At 11 am EST Mon. 2 June all aspects of NESARA were(allegedly)  implemented and the big banks were (allegedly) put online with the QFS as of 6 pm Mon. night 2 June 2025.

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

As of Fri. 6 June Redemption Centers across the world, hidden within ordinary buildings, (allegedly) became fully operational, staffed by agents verified through DNA-based biometric protocols. The first QFS Card test batches began moving under military escort in key zones.Public distribution expands from June 7–10. By July 4 the general public.

On Sat. 7 June QFS Payouts (allegedly) began to certain qualified groups and individuals.

By Tues. 10 June 2025 the first wave of public disclosures is expected to begin — not through CNN or BBC — but through raw, unfiltered QFS-verified broadcasts across secure global nodes. …Gesara Nesara QFS on Telegram

Bruce: According to Iraqi sources the Iraqi Dinar will (allegedly) 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.

Tier4b notifications were expected to go out on Tues. 10 June. Internal banking advisories indicated public redemption will begin regionally, based on QFS load-balancing and readiness reports.

On Fri. 13 June 2025 all Tier4b appointment notifications were to be completed.

Wed. 11 June Iraq set to make public announcement of the Dinar Revaluation (the end of a 5 day holiday), with international rate set at $4.81 Iraqi Dinar to $1.00 USN.

Around Sun. 15 and Mon. 16 June 2025 expect minor banking downtimes, signaling the(allegedly)  final switchover to full QFS integration.

As of Mon. June 23, 2025, Redemption Centers will begin (allegedly) processing live appointments for the general public under full GESARA protocol. According to sources inside two U.S. Treasury branches, the schedule is already being populated with approved Tier 4B participants. This is the moment we’ve all prepared for. …Emergency Broadcast System on Telegram

Between Sun. 29 June and Fri. 4 July 2025 expect an EBS Bank Blackout Period while systems adjusted to the new currency rates and Global Financial System.

Fri. 4 July 2025: Public rollout of Global Currency Reset. (allegedly)

Wed. 9 July 2025 was the Back Wall for the Global Currency Reset to occur optically. …Jon Dowling, Iraq

Read full post here:  https://dinarchronicles.com/2025/06/10/restored-republic-via-a-gcr-update-as-of-june-10-2025/

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

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

Mnt Goat  ...Didn’t the UN just tell us that “IRAQ WILL BECOME A BANKING POWERHOUSE BOTH DOMESTICALLY AND INTERNATIONALLY”.  Yes, wealth is leadership and Iraq is certainly taking the point lead under Al-Sudani in this area...

Frank26  Question: "If the dinar went from $1.00 to $4.81 would it cause confusion in businesses and consumption prices?" Yes.  The goal is to reach 1 to 1 status.  Once it is, that 1 to 1 stay inside the country... When it leaves outside of the border on a vehicle called Forex the rest of the world will touch the Iraqi dinar by using it, selling it, spending it, investing in it, platform banks with it, that movement of the dinar will allow that 1 to 1 that started in country, but when you went outside you're maturing, $1.50, $2.00, $2.50.  Who determines that value?  The outside market.  Do you think the outside market is just dying to get their hands on the Iraqi dinar?  

URGENT: "Silver's Slingshot Move Has Begun, Here's What Is Different This Time" - Mike Maloney

Mike Mahoney:  6-10-2025

In this urgent and eye-opening video, Mike Maloney breaks down why silver’s long-awaited breakout move is finally here—and why it could lead to triple-digit prices sooner than you think.

 With U.S. debt soaring to unsustainable levels, housing bubbles inflating, and warning signs flashing across every sector—from real estate to employment—Mike lays out why the current economic landscape is more dangerous than ever.

Discover why we’re on the brink of a massive recession

 See the 45-year chart pattern that predicts silver’s explosive future

 Understand how monetary demand will drive silver and gold sky-high

Plus, insights on AI-driven job losses, China’s economic slowdown, and what history tells us about debt cycles. Don’t miss this urgent message if you're serious about protecting your wealth.

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

The Last Silver Bull Market Before The Reset | Clive Thompson

The Last Silver Bull Market Before The Reset | Clive Thompson

Liberty and Finance:  6-9-2025

Clive Thompson argues that the current bull market in gold and silver is unlike previous cycles and may be the final one before a major monetary reset.

 He suggests that this run doesn’t have a clear price target because it will continue until the collapse or replacement of the current fiat currency system.

 According to Thompson, the endgame will be triggered by a loss of confidence in fiat currencies, leading people to rush into tangible assets like precious metals and essential goods.

He believes that in any future currency reset, those holding physical gold or silver will retain their wealth, while holders of fiat financial assets will face severe losses or limited convertibility.

 This, he says, marks a historic transition where gold and silver won't just rise in price—they'll serve as a bridge to the next monetary system.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Silver

4:12 Gold

12:00 Platinum

13:49 US debt crisis

https://www.youtube.com/watch?v=k-hpN5IaMxc

Coffee with MarkZ. 06/10/2025

Coffee with MarkZ. 06/10/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good morning. Happy Tuesday to one and all....

Member: My bones are telling me June is going to be a Great Month…. This is a good day to RV - just saying

Member: It’s crazy how many rumors are flying right now. Any real RV news Mark?

MZ: There is one update saying there is a lot of activity from the “Chinese Royals” that are actively seeking to finish some of the historic bond deals. I do not know what that means timing wise.

MZ: I am still trying to get an update from other bond contacts that were expecting a payday today. I have my fingers and toes crossed….would cross my ears if I could….lol. I hope to have an update late afternoon today.

Member: Mark…do you think the riots could be the cover needed to bring on the RV???

MZ: It would certainly be a good opportunity….if they decide to use it.

Member: Trump headed to Ft Bragg for a big speech today !

Member : Mike Bara thinks today may be our rate change day.

MZ:  I would love it if he was right.  I think we may be further out than that- but there is a lot happening right now.

Member: RV at the end of the quarter? That's one rumor.

Member: Great news from a friend who visited a private banker. RV is real and our currencies are worth a great deal more than we thought.

Member: just wondering how much iraqi Dinars the US GOVERNMENT has. billions, trillions ?

MZ: “ Finance is heading to complete the budget schedules and parliamentary warning”  they are letting them know the budget schedules should be done in the next couple of days. I think we are about to see a culmination of things coming together.

Member: Wasn’t Digital Dinar supposed to start yesterday?

MZ: “The era of the digital republic has begun. Iraq without paper criticism and the central bank imposes its authority as ruler of the country”  They are talking about how the money wasn’t going where it was supposed to. Now they are saying the era of theft is over. They will do everything digitally so there is no chance for them to filter off and embezzle funds.

MZ” “More than 400 trillion dinars left Iraq and the state only received 2%” They are talking about all the money that went back and forth in international trade. 7% of that should have gone back to Iraq in Tariff revenue. Only 2 % did. This is one of the reasons they need to go only electronic for government transactions. To stop sticky fingers from politicians and government employees.

Member: There have been articles about Sudoni not being on our side could this be propaganda from his enemies or could these stories be true?

Member: I think those stories may be just desperate people looking for someone to blame on the RV delays.

Member: Heard June 19th - Juneteenth (19th), the day slavery was officially ended. There will be a huge celebration in Galveston, where they ordered the freedom of the last 250,000 slaves on June 19, 1865.

Member:  praying for our country and our men and women protecting it.

Member:  Hope everybody has a blessed day today

Member: keep the faith… great things are coming….God will bless us all soon

Fernando from ATB joins the stream today. Please listen to the replay for his information

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

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

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=onHDNoh0KQE

Iraq Economic News And Points To Ponder Tuesday Morning 6-10-25.

Oil Maintains Weekly Gains As Trade Talks Awaited

Economy | 09/06/2025  Mawazine News - Follow-up   Oil prices held onto last week's gains in early trading on Monday as investors awaited US-China trade talks in London later in the day.

By 00:08 GMT, Brent crude futures were steady at $66.47 a barrel. US West Texas Intermediate crude was trading 1 cent higher at $64.59.

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

Prospects of a US-China trade deal supported prices, as three of Donald Trump's top aides are scheduled to meet with their counterparts in London on Monday for the first meeting of the US-China economic and trade consultation mechanism.   https://www.mawazin.net/Details.aspx?jimare=262320

 
From 40 To 60 Trillion... The Hemorrhage Of Salaries Without Reforms Puts The Iraqi Economy On The Brink Of Danger.
 
Economy 3-06-2025, |  Baghdad Today – Baghdad  Economic expert Munir Al-Obaidi confirmed on Tuesday (June 3, 2025) that 

Iraqi government salaries increased by 27% in 2024,
breaking the 60 trillion Iraqi dinar barrier for the first time,
representing 40% of the Iraqi government's expenditures.
 
Al-Obaidi said in a post on his Facebook page, followed by Baghdad Today, that
 
"salaries have reached dangerous levels that will have a catastrophic impact on Iraq's economic situation." He explained that
 
in 2019, the value of government salaries was 40 trillion dinars, while
in 2024, it reached approximately 60 trillion dinars.  He pointed out that
 
"the value of salaries has increased by 50% over the past five years,
without any significant addition to
     non-oil revenues or
     improvement in services provided," asking,
 
"What is the benefit of increasing the value of the salary bill?"
 
For years, economic circles have been calling for radical reforms that include
 
     restructuring government jobs,
     reducing administrative laxity, and
     activating the private sector.

 However,  these proposals continue to face political and social resistance,
given that millions of Iraqis depend on government salaries as their primary source of income.
 
Government salaries in Iraq pose one of the most significant challenges to fiscal policy, as the state relies almost entirely on oil revenues to finance its expenditures, most notably salaries.
 
For years, warnings have been escalating about the inflation of this item without structural reforms or diversification of sources of income.    https://baghdadtoday.news/275578-40-60.html  

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 6-10-25

Good Morning Dinar Recaps,

SEC Chair Paul Atkins says the right to self-custody is a 'foundational American value'

▪️SEC Chair Paul Atkins hinted at more of an openness toward self-custody, marking a departure from the previous administration.

▪️Since President Donald Trump took office and following former Chair Gary Gensler’s departure, the agency has taken a warmer approach to crypto.

A New Crypto Vision Under the Trump and Atkins Era

U.S. Securities and Exchange Commission Chairman Paul Atkins is turning a new page at the agency in how it views self-custody, describing it as a "foundational American value."

In remarks delivered Monday at the SEC’s final Crypto Task Force Roundtable, titled "DeFi and the American Spirit," Atkins hinted more of an openness toward self-custody, marking a departure from the previous administration.

"The right to have self-custody of one’s private property is a foundational American value that should not disappear when one logs onto the internet," Atkins said Monday. "I am in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other on-chain activities."

Since President Donald Trump took office and following former SEC Chair Gary Gensler's departure, the agency has taken a warmer approach to crypto in part through dropping enforcement actions against major crypto industry players and creating the crypto task force.

The task force has hosted five roundtable discussions over the past few months with a focus on tokenization, custody, trading, and defining securities.

Atkins has criticized the agency's previous approach, and on Monday, accused the agency of undermining the innovation in self-custody by asserting that developers could be brokers, and therefore, need to follow the SEC's rules.

"I do not believe that we should allow century-old regulatory frameworks to stifle innovation with technologies that could upend and most importantly improve and advance our current, traditional intermediated model," Atkins said. "We should not automatically fear the future."

Atkins also said he asked SEC staff to look into next steps.

"I have asked the Commission staff to explore whether further guidance or rulemaking may be helpful for enabling registrants to transact with these software systems in compliance with applicable law," he said.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

Trump's CFTC pick Quintenz pledges clear crypto classification in written remarks for Senate hearing

▪️Brian Quintenz, nominee for new CFTC chair, said he would support bringing clarity to crypto classification and jurisdiction for market oversight.
▪️Quintenz said he would utilize his experience as head of policy at a16z crypto to shape future regulations around crypto.

Brian Quintenz, nominee to lead the U.S. Commodity Futures Trading Commission, has pledged to provide clear classification and jurisdictional clarity for digital asset market regulation in a written statement shared ahead of his nomination hearing.

The former CFTC commissioner was nominated by President Donald Trump in February, and is scheduled to appear before the Senate Agriculture Committee for a nomination hearing on Tuesday.

"It is time for a comprehensive regulatory framework for crypto assets, including token classification clarity and clear jurisdiction for trading market oversight," said Quintenz. "I am fully prepared to use my experience and expertise to assist in that effort as well in executing any expanded mission should legislation pass into law."

@ Newshounds News™
Source:  The Block

~~~~~~~~

Nigeria Calls on BRICS To Switch Trading in Local Currencies

Nigeria has called on BRICS to switch to trading in local currencies and refrain from using the US dollar for cross-border transactions. During a meeting at the BRICS trade forum held in Brazil, Nigeria’s House Committee on Foreign Affairs, Wole Oke, said that the alliance must begin investing in each other’s economy to maintain equal economic stability for all.

At the trade forum, he urged BRICS to reduce usage of US dollar transactions and begin payments in local currencies. He also urged the bloc to reduce dependency on Western powers and uplift the economies of developing countries.

“Strengthening BRICS trade is no longer optional, it is a necessity. We must trade more with each other, invest in one another, and build a trade ecosystem that puts our people first,” he said, stressing that the time to use local currencies for trade is ripe.

The lawmaker proposed BRICS to create a new establishment for local currency settlements that cuts exposure to “volatile currency politics”. He added that investments must be made in all business sectors including pharmaceuticals, agriculture, manufacturing, and clean energy.

The foreign minister stressed that BRICS members have an overall GDP of 40% of the global economy, and the potential to make it even bigger is untapped and can be a success if local currencies are made the norm. Nigeria is among the 13 partner members of BRICS and is considering reshaping the global finances.

Nigeria Follows the Footsteps of BRICS, Makes Local Currencies Official

Just recently, the government of Nigeria announced that only their local currency, the Nigerian naira will be the official tender for oil trade in the country, ending dependency on the US dollar. 

All oil-refiners must use the local currency and the move could boost its prospects in the forex markets. The African country is looking to tackle the US dollar’s dominance by putting it second in line for oil payments.

@ 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

“Tidbits From TNT” Tuesday Morning 6-10-2025

TNT:

Tishwash:  With the participation of more than 300 international entities, the Investment Commission announces details of the first investment forum in Iraq.

The National Investment Commission announced details of Iraq's first investment forum on Tuesday, noting that the forum has strategic objectives to accelerate economic development .

The head of the commission, Haider Makiya, told the Iraqi News Agency (INA): "The upcoming investment forum, which the commission is organizing in coordination with the Iraqi Economic Council and under the direct supervision of the Prime Minister's Office, is the first of its kind since its establishment, and carries strategic goals to accelerate the wheel of economic development in the country ."

He added, "The forum seeks to introduce the 141 available investment opportunities that have received official approvals and are ready to be presented to local, Arab, and foreign companies," noting that "the opportunities cover diverse sectors, including industry, housing, renewable energy, communications, pharmaceuticals, agriculture, and others ."

He added, "The forum aims to attract the largest possible number of foreign and Arab companies to participate in infrastructure projects in Iraq, in addition to introducing international expertise to quality projects, in line with the investment law that requires the employment of skilled and unskilled Iraqi workers in projects ."

Makiya pointed out that "the event will be attended by more than 300 international entities, including countries and companies, representing a historic opportunity to showcase Iraq's investment potential ." link

Tishwash:  Baghdad to KRG: No Delegation Welcome Without Revenue Transfer

Baghdad has sent a clear message to the Kurdistan Regional Government (KRG), stating that no delegation from the region will be welcomed in the capital until the handover of oil and non-oil revenues is completed.

According to reports by Iraqi media on Sunday, the federal government will not engage in any negotiations regarding the payment of May salaries to employees, pensioners, and those on social welfare in the Kurdistan Region. This marks a continuation of a hardline stance by the federal authorities in Baghdad over revenue disputes.

The decision comes in response to the KRG’s alleged failure to comply with a ruling by the Federal Court. The court had previously mandated that all oil and non-oil revenues generated in the Kurdistan Region must be handed over to the federal treasury, a requirement the KRG has so far not fulfilled.

Officials in Baghdad say the current position will not change unless the Kurdistan Region meets its financial obligations. The dispute continues to impact public sector salary disbursements in the region, exacerbating existing economic tensions.  link

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

Tishwash:  Securities: We are working to enhance the attractiveness of the Iraqi market through governance and expanding the corporate base

The Securities Commission announced on Monday that it is working to enhance the attractiveness of the Iraqi market through governance and expanding the corporate base. It also indicated a move to list new companies to encourage profitable investments.

"The commission has begun taking practical steps to develop the Iraqi Stock Exchange from within by enhancing investment attraction factors," board member Wadah Al-Taha told the Iraqi News Agency (INA), noting that "issuing the corporate governance guide for companies represents a fundamental step in this path."

He added, "In the next phase, the Authority seeks to list new companies through initial public offerings, which will help encourage local investors to invest in profitable companies that distribute periodic dividends, which will boost investor confidence and drive market revitalization."

He added, "Achieving these steps will send a strong message to foreign investors that the market is undergoing change and is transitioning towards a more transparent, sustainable, and effective risk-management environment." He noted that "current data indicates a significant improvement in indicators, which will enhance investment attractiveness and increase opportunities for attracting foreign investment."

Al-Taha emphasized that "the Iraqi market has become part of an international platform that includes nine other global markets. This means that the market is now under the scrutiny and monitoring of global markets, which requires preparation to face challenges and accelerate development steps." He pointed out that "the Commission's work is not limited to one file, but rather is carried out in parallel across several files, including developing a governance guide, intensifying training programs, and increasing the number of good, profitable, high-quality companies listed on the market, in order to achieve diversity that reduces risks and increases potential returns."

He continued, "The number of listed companies currently stands at 103, but the focus is on only 20 to 25 companies," explaining that "the Authority is working to diversify the market to provide investors with broader and more stable options."  link

Mot: ... Only ""ONE CURE"" for This Problem.... Let the ""RV"" Goooo!!! 

Mot:  ..... One stop shop! 

MM & Crew: The IQD Update-Reduction in Currency-Diminishing Liquidity-Trading partners-Value-Global Integration

MM & Crew:  The IQD Update-Reduction in Currency-Diminishing Liquidity-Trading partners-Value-Global Integration

6-10-2025

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

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

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Iraq Economic News And Points To Ponder Monday Evening 6-9-25

A US Report Praises Iraq's Economic Policy: "A Quiet Return To The Global Energy Arena."

Energy    The American website International Policy Digest reported that Iraq is making a "quiet return" to the global energy scene, while questioning whether it can transform oil into sustainable economic influence while still facing "institutional fragility" and ongoing political volatility.

The report explained that Iraq is quietly recalibrating its energy diplomacy at a time when the global oil market is entering a new phase of volatility, shaped by shifting geopolitical alliances, demand trends, and the rapidly increasing priority of the transition to green energy.

The report noted that Iraq's recent agreements with China, India, and France indicate a strategic effort to diversify trade partnerships, allowing Baghdad to balance its economic future between Eastern and Western powers. However, it added, these deals reflect a larger dilemma: how to transform oil diplomacy into sustainable economic influence in a country that continues to face "institutional fragility" and ongoing political volatility.

The report considered that Iraq's heavy reliance on oil has made Baghdad vulnerable to global economic shocks, adding that Iraq's energy strategy has traditionally focused on exports to Western markets, and that ongoing political instability has led many Western companies to hesitate to invest in the long term.

To address this, Iraq has increasingly turned to Asia, and to a lesser extent, Europe, in its quest for economic stability and geopolitical importance, the report noted. China has rapidly emerged as Iraq's energy partner, importing 1.19 million barrels per day (bpd), representing a third of Iraq's oil exports despite not being formally part of the Belt and Road Initiative. Chinese corporate investments are cementing Beijing's role as another Asian power in energy diplomacy.

The agreement reflects a similar logic, demonstrating Chinese state-backed companies in Iraq's reconstruction while gaining long-term access to strategic goods.

However, as China consolidates its position through large-scale investments and control of commodities, another Asian power is gaining ground through a more aggressive form of energy diplomacy. India, now the world's third-largest oil consumer, is increasing its purchases of Iraqi oil, with its purchases from Iraq expected to exceed those from Saudi Arabia by 2024.

In addition to this Asian component, the report stated that Iraq's oil diplomacy with France adds a key European layer to Baghdad's diversification strategy, including through the agreement with TotalEnergies in 2023. It added that the two-year suspension of the agreement, followed by its resumption, confirms Baghdad's willingness to pursue deeper engagement with European stakeholders.
The report continued, "Most importantly, this agreement with the French also includes solar infrastructure, signaling the reality that the dominance of fossil fuels has an expiration date." Equally important, the French partnership demonstrates Iraq's desire to keep diplomatic doors open with the West, even as it expands eastward.

However, the report stated that Iraq's energy landscape continues to be shaped by powerful regional players, including Iran and Turkey. Turkey has leveraged its role in Iraq's electricity supply to exert political influence, but Baghdad's repeated failure to pay for Iranian energy has led to recurring power outages, giving Tehran significant leverage over Iraq's domestic stability.

After noting the often-complicated clash between Turkey's ambitions to become a regional energy corridor and Iraq's infrastructure constraints, the report explained that nowhere was this more evident than in the case of the Kirkuk-Ceyhan pipeline, a vital oil export artery that has been out of service since 2022. Legal disputes over Kurdish oil exports and revenues have complicated its re-operation, although bilateral negotiations may be making progress.

Thus, the report stated that within the broader context, Iraq's energy diplomacy appears simultaneously expansive and restrictive. On the one hand, Baghdad is expanding its economic base and diversifying its international partners, but on the other, its ability to implement a long-term political vision remains at risk due to internal divisions and external dependencies.

The report went on to explain that the Iraqi government's current five-year plan requires greater economic diversification, but without deeper structural reform, oil diplomacy risks becoming a short-term solution to governance failures.

However, the US report considered Iraq's advanced strategy to have significant weight, explaining that with the shift in global demand for oil and the geopolitical transformation of energy toward a multipolar system, mid-level producers like Iraq can play a significant role in shaping future energy dynamics.

He added that Baghdad's balancing policy of building relationships across Asia and Europe, while avoiding over-reliance on any one party, is part of a strategic hedging strategy. The success of this strategy hinges not only on its reliance on international engagement, but also on the country's ability to rebuild local institutions and policy infrastructure.

The report concluded by stating that "energy diplomacy in Iraq is about more than just barrels and buyers," explaining that it reflects a broader experience, and questioning whether the resource-rich but "politically fragile" country can turn economic need into geopolitical advantage.

He continued by saying that if Iraq succeeds, its emerging energy strategy could mark the beginning of a new chapter, one that relies not only on diversifying its buyers, but also on recalibrating its foreign policy. He explained that by courting both Eastern and Western powers, Baghdad is asserting itself not only as a passive source, but as an increasingly deliberate player in the future of global energy policy. https://economy-news.net/content.php?id=56158

Gold Prices Stabilize Amid Anticipation Of A New Round Of Talks Between The US And China.

Monday, June 9, 2025 | Economic Number of reads: 215   Baghdad / NINA / Gold prices stabilized on Monday, amid hopes that a new round of trade talks between the United States and China could ease tensions between the world's two largest economies.

The precious metal was traded above $3,306 an ounce, after falling on Friday with the release of better-than-expected US jobs data, which eased some concerns about a slowdown in the US economy.

Top trade negotiators from Washington and Beijing are scheduled to hold a new round of talks in London on Monday, with a particular focus on China's dominance in rare earth production.

Silver remained stable, while palladium and platinum recorded a slight decline. https://ninanews.com/Website/News/Details?key=1233365

Al-Sudani Confirms The Continuation Of Work On Construction, Reconstruction And Development Projects Throughout Iraq

Monday, June 9, 2025 | Politics Number of reads: 257   Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed the continuation of work on construction, reconstruction and development projects across Iraq.

Al-Sudani said during his meeting with a number of sheikhs and dignitaries of Anbar Governorate, hosted by the Chairman of the Anbar Tribal Council of Sheikhs, Head of the Al-Bu Dhiab Tribe, Sheikh Hamid Turki Al-Shawka: "We conducted continuous tours in the governorates and developed a special plan for each governorate that suits its service and economic conditions."

He added: "Anbar has many potentials and opportunities, and the government has provided great support to the local government to complete stalled projects and establish new ones."

The Prime Minister continued: "Gas investment in Anbar is at the top of the government's priorities, and we have directed the completion of the Akkas field project, which will provide fuel for the 1,600 megawatt Anbar gas station."

Politically, Al-Sudani said: "Iraq's positions are based on its national interests, mutual respect, and non-interference in internal affairs. We have kept Iraq away from the circle of conflict in the region and emphasize its important pioneering role through its presidency of the Arab Summit and the Development Summit.

We have a vision for the most important challenges and problems and have provided solutions for each file and structural reforms in every sector."

He went on to say: "We proposed the Strategic Development Path project and worked to engage friends and brothers according to a vision of intertwined interests. We directed to address the water scarcity crisis, and the government has put in place mechanisms and plans to confront this crisis."

During the meeting, Al-Sudani offered his sincere congratulations on the occasion of Eid al-Adha, asking God Almighty to spread security and stability throughout Iraq and to alleviate the suffering of our people in Palestine and Lebanon in the face of the ongoing Zionist aggression.

He pointed to the image of cohesion and solidarity among our people from all governorates, and the role of tribes in facing various challenges, most notably the challenge of terrorism, stating:

"The security and stability that Iraq enjoys is thanks to the blood of the martyrs and wounded heroes," stressing the endeavor in this atmosphere to achieve more construction, reconstruction and development throughout Iraq. / End   https://ninanews.com/Website/News/Details?key=1233398

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

“Iraq News” Posted by Clare at KTFA 6-9-2025

KTFA:

Clare:     The currency printed in Iraq is at its lowest level since a year.

6/8/2025   News-Economy

Data showed Central Bank of Iraq The value of the issued currency, "printed" in Iraq Currently at its lowest level in a year.

According to the latest data Statistics For the currency issued in Iraq In April 2025, the value of the issued "printed" currency will be 98.4 trillion Iraqi dinars, down from 99.8 trillion Iraqi dinars in March 2025.

This is the lowest value of Iraqi foreign exchange exports in two years, specifically since March 2024, when exports reached 98.3 trillion Iraqi dinars.

The value of Iraqi foreign exchange exports had risen to more than 100 trillion dinars from May 2024 until January 2025, before gradually declining to below 100 trillion dinars.   LINK

Clare:  Expert: There is no "depreciation" in the value of the Iraqi currency issued.

June 9, 2025   Baghdad

Mustafa Hantoush, a financial and banking expert, denied the existence of a “depreciation” in the value of the Iraqi currency, noting that the state and the Central Bank are striving to create a balance for the Iraqi currency.

Hantoush told the Iraq Observer, “Over the past three years, Iraq has printed approximately 15 trillion dinars, in addition to hoarding foreign currencies, as it printed large quantities of currency backed by international reserves such as dollars and gold.” He added, “These amounts are approximately 200 trillion to 198.5 trillion Iraqi dinars. These amounts do not constitute a decrease or a significant decline, but rather an attempt to create a balance. When the state withdraws quantities of damaged currency, it does not reprint any of them.”

He continued, “In return, a quantity of funds is released from the US Federal Reserve and other banks, or the state reserves the ability to print quantities of currency in the coming months to compensate for the existing shortage.”
The amount of printed currency is an indicator of the level of demand for money in the economy, but it is also a tool for the central bank to control inflation and the exchange rate, especially in a country like Iraq, which relies heavily on the dollar for its daily transactions and faces challenges in regulating the money market.   LINK

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Clare:  Iraq bans cash payments at government institutions and begins restructuring state banks.

6/9/2025

Saleh Salman, the Prime Minister's financial advisor, announced that the government will begin implementing a comprehensive ban on cash payments within government institutions starting early next month, as part of its efforts to enhance financial inclusion and governance.

Salman said in a press statement that "the government has appointed the global consulting firm Ernst & Young to prepare a plan to restructure six to seven state-owned banks," noting that "the plan will be presented to the government for approval before the end of this year."

He added, "Iraq has made significant progress in adopting electronic payment systems, with the number of bank accounts increasing to approximately 22 to 23 million," noting that "Baghdad is currently cooperating with approximately 30 foreign banks, reflecting an improvement in the confidence of international financial institutions in the Iraqi banking sector."  LINK

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Clare:  Iraq announces Major Banking Sector Overhaul

7th June 2025  By Padraig O'Hannelly.

Iraq is embarking on a comprehensive restructuring of its banking sector with the assistance of leading international consultancy firms, according to Dr Salih Salman, Advisor to the Iraqi Prime Minister, speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London on Tuesday.

The Iraqi government has appointed Ernst & Young to restructure six of the country's seven state-owned banks, including the Industrial Bank, Real Estate Bank, Rafidain Bank, and Rasheed Bank.

The Trade Bank of Iraq (TBI) has separately engaged K2i and KPMG to help restructure its internal and external operations to meet international standards.

Dr Salman revealed that Rafidain Bank, Iraq's largest state-owned institution, will be reincarnated as the First Rafidain Bank with government participation reduced to less than 24 per cent. The remaining shares will be offered to private banks and international investors. The restructuring plan is expected to be finalised and approved by the Iraqi government by the end of the year.

The private banking sector is also undergoing reform following a contract signed between the Central Bank of Iraq (CBI) and Oliver Wyman. This two-to-three-year project will result in recommendations for private banks to either exit the sector, comply with international standards, or merge with other institutions.

Iraq has made significant progress in electronic payment systems adoption, with financial inclusion rising from less than 10 percent in 2018-2019 to approximately 40 percent currently. The number of debit and credit card points of sale (POS) has reached 60,000-70,000, whilst bank accounts have grown to 22-23 million.

From June 2025, all government payments will be made electronically, with cash payments prohibited across government institutions. The Iraqi government has launched awareness campaigns to encourage public adoption of electronic payment systems, moving away from the traditional cash-based culture.

The government has also introduced the Riyada programme, operated in partnership with the Central Bank of Iraq, to provide financing and training for small and medium enterprises. The initiative offers a registration platform where participants can access training and potential financing opportunities.

Dr Salman emphasised that Iraq remains open to foreign investment and international consultancy services across all sectors, including legal, financial, accounting, auditing, and compliance services. The reforms aim to integrate Iraqi banks into the global financial system after decades of isolation due to sanctions and frozen assets.

Since November 2022, all bank transfers in Iraq have been processed through a Central Bank platform in cooperation with the Federal Reserve of the United States, marking Iraq's re-entry into global financial systems. The country now works with approximately 30 overseas banks, though challenges remain in opening international banking relationships.

The comprehensive banking reforms represent a significant shift towards international standards and greater private sector participation in Iraq's financial sector.   LINK

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

6/9/2025

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