Seeds of Wisdom RV and Economic Updates Tuesday Morning 6-24-25

Good Morning Dinar Recaps,

Iran Stands Firm as BRICS Calls US Strikes a Global Turning Point

Iran’s defiance in the face of US military action strengthens BRICS unity, marks a pivotal moment in the global economic and geopolitical order.

Amid escalating tensions, Iranian President Masoud Pezeshkian has emerged as a symbol of resistance, leading mass protests in Tehran following U.S. military strikes on Iran’s nuclear facilities in Isfahan, Natanz, and Fordo. In response, the BRICS bloc has rallied behind Iran, framing the attacks as a turning point in Western aggression against emerging powers.

▪️ The U.S. actions have been denounced as violations of international law by BRICS nations.
▪️ Iran’s resilience has reinforced BRICS unity and accelerated its push toward a multipolar world order.
▪️ BRICS views Iran’s handling of sanctions and pressure as a model for financial independence and strategic realignment.

A Defiant Iran Within a Strengthened BRICS Framework

Iran's president and foreign ministry have presented a firm front, signaling that the U.S. attack has only deepened Iran’s commitment to BRICS values.

▪️ Iranian Foreign Minister Abbas Araghchi accused the U.S. of deciding to “blow up diplomacy” and challenged calls for renewed negotiations:

“How can Iran return to something it never left?”
▪️ In Istanbul, Araghchi declared the U.S. and Israel had crossed “a big red line”:
“There is no red line that they have not crossed.”

▪️ Iran’s response aligns with BRICS’ multipolar vision and reinforces its stance on sovereignty, self-determination, and non-interference.

Russia’s Condemnation Signals BRICS Cohesion

Russia swiftly condemned the strikes, reinforcing the growing strategic alignment within the bloc.

▪️ The Russian Foreign Ministry stated the U.S. had violated the UN Charter and international law:

“This reckless decision… constitutes a blatant violation of international law, the UN Charter, and relevant UN Security Council resolutions.”
▪️ Moscow’s response places BRICS in direct opposition to unilateral U.S. military action, deepening its appeal among developing nations seeking alternatives to Western institutions.

Economic Reorientation: Iran's Sanctions and BRICS Integration

Iran’s economy, long impacted by U.S.-led sanctions, is undergoing structural realignment through BRICS support.

▪️ Chinese purchases of Iranian oil using yuan, and Russian technology transfers, are creating practical alternatives to the dollar-based system.
▪️ Iran is becoming a case study in how emerging economies can resist Western financial pressure by joining new global partnerships.
▪️ BRICS support extends beyond diplomacy, offering concrete economic lifelines and access to alternative markets.

Regional Impact and Ceasefire

While a ceasefire brokered via Qatar has paused hostilities, tensions remain high.

▪️ Former President Trump stated Iran “must now agree to end this war,” while President Pezeshkian labeled the U.S. “the main factor behind” Israel’s campaign.
▪️ Iranian forces reportedly continued military operations until 4 a.m., demonstrating readiness and resolve.

Strategic and Geopolitical Implications

The crisis has crystalized BRICS’ long-term goals:

▪️ Sovereignty, non-interference, and financial independence are now strategic imperatives.
▪️ The economic power shift from West to East continues gaining momentum, driven by BRICS' expanded influence and appeal.
▪️ New members are increasingly attracted to BRICS, not just for economic benefits, but for protection from Western-led interventions.

“The BRICS response to U.S. strikes will likely strengthen, not weaken, the alliance. This is a watershed moment for global realignment.”

Conclusion: A New Global Order Takes Shape

The unified BRICS stance following U.S. strikes on Iran marks a defining moment in the shift toward a multipolar world. As Iran models how resilience and realignment can neutralize Western leverage, other nations may follow, accelerating the de-dollarization movement and reinforcing BRICS as a viable global counterweight.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

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5 Effective Ways To Stop Impulse-Buying And Save Money

5 Effective Ways To Stop Impulse-Buying And Save Money

Learn how to shop more intentionally (without feeling deprived)

Shira Gill | Organizing Expert

These tips will help you slow your roll when it comes to impulse buying, live more sustainably, and save a boatload of money. File that under #winwin.

Tip One: Practice Using What You Own

Over the past few months I’ve been shocked at how often I feel the urge to buy something that I already own a perfectly good version of, including, but not limited to: lip balm, cozy sweaters, and pretty ceramic mugs.

I’ve been getting in the practice of noting the desire for the item in question, and then looking in my own home to see if I own something that could serve the exact same purpose.

This simple habit shift has prevented me from buying more than a handful of items I truly had no need for. Money saved, lessons learned.

Tip Two: Leverage The Power Of The Pause

In a culture that promotes instant gratification, even a brief pause can be a powerful tool in the fight against impulse buying.

Try writing down or snapping a photo of items you want before pulling the trigger.

I’ve found that when I do this I typically quickly forget about whatever thing I thought I desperately needed in the moment. Poof, it’s gone.

TO READ MORE:   https://www.yahoo.com/lifestyle/story/5-effective-ways-to-stop-impulse-buying-and-save-money-014936616.html

“Tidbits From TNT” Tuesday Morning 6-24-2025

TNT:

Tishwash:  MP sues government over delay in sending budget tables to parliament

 Member of Parliament Hadi Al-Salami revealed on Monday that a lawsuit has been filed against the government for not submitting the 2025 budget schedules to Parliament.

Al-Salami said in a video that "the government violated Article 62 of the Constitution, Financial Management Law No. 6 of 2019, and Budget Law No. 23 of 2023," noting that "these violations negatively impacted the lives of citizens."  link

Tishwash:  Resignation of the Chief Justice of the Federal Supreme Court in Iraq

The Chief Justice of Iraq's Federal Supreme Court submitted his resignation on Monday, following the resignation of nine other members of the court due to an unprecedented constitutional vacuum .

According to local media reports monitored by Al-Sa'a Network, "Federal Supreme Court Chief Justice Jassim Al-Amiri submitted his resignation a short while ago," without providing further details .

Earlier, nine members of the Federal Court submitted a surprise resignation, leaving Iraq facing an unprecedented constitutional vacuum and effectively paralyzing the judicial institution empowered to resolve disputes and interpret laws .

Experts and parliamentarians described the resignation as a paralysis of the state's legal mind, opening the door to a legitimacy crisis affecting all aspects of the regime and placing sovereign issues on hold .

 Some political parties and legal experts have also warned against suspending the Federal Court's work, as ultimately only the Federal Supreme Court can resolve the legal issues of governance in Iraq by implementing the provisions of Article 93 of the Constitution and deciding on the public interest link

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Tishwash:  About 5,000 foreign oil workers exit Iraq amid Iran–Israel conflict

Thousands of foreign workers employed by international oil companies in Iraq’s Basra province have left the country due to escalating regional tensions following US airstrikes on Iranian nuclear facilities, a senior oil official told Shafaq News on Sunday.

According to the source, a total of 4,860 foreign employees have departed oil sites in southern Iraq since the strikes—part of a wider conflict triggered by Israel’s military campaign and Washington’s direct involvement.

“Approximately 1,700 workers from British Petroleum (BP), 1,000 from France’s TotalEnergies, and 700 from the US-based Schlumberger have exited their sites,” the official said.

In addition, 560 personnel from Italy’s Eni, 500 from Kuwait Energy, and 400 from ExxonMobil have also left their posts in Basra. The source attributed the departures to security concerns stemming from the conflict between Iran and Israel, as well as the heightened risks following the US strikes on key Iranian nuclear facilities in Fordow, Natanz, and Isfahan.

While Iraq has not been directly targeted, fears are mounting that its strategic energy sector could become collateral in the broader regional fallout. The mass withdrawal of foreign technical staff raises concerns about operational continuity in one of the world's most oil-rich provinces.

The Ministry of Oil has not yet issued an official statement on the departures.  link

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Tishwash:  European countries are pushing to retrieve gold reserves stored in the United States

US President Donald Trump's rhetoric against the Federal Reserve, coupled with escalating geopolitical tensions, has reignited debate in Europe about the need to repatriate gold reserves held in the United States, particularly by Germany and Italy.

In statements to the Financial Times, Fabio De Masi, a former member of the European Parliament for the German Left Party, said there are strong arguments for returning a larger portion of Europe's gold reserves, especially in light of what he described as "challenging times."

Germany and Italy hold the second and third largest gold reserves in the world after the United States, holding 3,352 tons and 2,452 tons of gold, respectively, according to data from the World Gold Council.

A large portion of these reserves are stored in the vaults of the Federal Reserve in New York, where their market value is estimated at approximately $245 billion, according to the Financial Times.

President Trump recently hinted at the possibility of interfering in the Federal Reserve's policies if it does not cut interest rates, raising concerns about the US central bank's independence.

Earlier, US President Donald Trump stated that he would blame the Federal Reserve for any economic weakness resulting from his trade war if the central bank did not cut interest rates soon, according to the Wall Street Journal.

According to the newspaper, Trump "may also seek to delegitimize the historically independent institution in a way that could undermine its effectiveness."   link

Mot:  . Gots sum on Order -- hope they Help!!!! 

Mot:  .. Y'all Have a ""Great Day""

Commercial Real Estate Market Collapse Brings Debt Reset-Dr. Scott Young

Commercial Real Estate Market Collapse Brings Debt Reset

Dr. Scott Young:   6-23-2025

When most people hear “commercial real estate,” their minds might drift to towering skyscrapers, exclusive office buildings, or sprawling shopping malls, conjuring images of wealth and exclusivity.

 This perception, while not entirely unfounded, misses a crucial point: commercial real estate isn’t just for the wealthy; it’s the bedrock of our economy, and its health directly impacts the job market and our everyday lives.

Think about it. Where do businesses operate? Where do people go to work, to shop, to access essential services? In commercial buildings. If these spaces are sitting empty, if businesses can’t afford to lease them or invest in them, then the engine of employment sputters and stalls. 

High occupancy rates in commercial real estate are not a luxury; they are a prerequisite for a thriving job market. When businesses are expanding and have the confidence to occupy commercial spaces, they are hiring. When they are contracting or failing, jobs are lost.

Unfortunately, the current landscape presents a concerning picture. We are reportedly teetering close to a significant downturn in the commercial real estate market. This isn’t just about property values; it’s about the ripple effect on businesses and employment. 

The confluence of elevated property prices and the rising cost of borrowing through interest rates is creating a precarious situation. Many businesses are finding it increasingly difficult to secure the financing needed to lease, purchase, or develop commercial properties. This can lead to a domino effect: reduced expansion, increased vacancies, and ultimately, job losses.

The current trajectory suggests that something needs to change. The question is, what?

Some perspectives suggest that a significant shift in the financial system might be on the horizon.

As highlighted by insights from Dr. Scott Young, there’s a conversation around potential systemic changes, including the idea of debt forgiveness that could coincide with a broader restructuring of the banking system, potentially involving a move towards a gold-backed currency.

While these are significant and complex ideas, they underscore the sentiment that the current model may be unsustainable and that a fundamental re-evaluation could be necessary.

Understanding the intricacies of commercial real estate and its connection to economic stability is vital for everyone. It’s not a niche topic for investors; it’s a fundamental pillar that supports the jobs we rely on and the communities we live in.

 As we navigate these uncertain times, paying attention to the health of commercial real estate and the broader economic policies that influence it is more important than ever.

For a deeper dive into these critical issues and potential future implications, we encourage you to watch the full video from Dr. Scott Young for further insights and information. Understanding these complex dynamics can empower us to better grasp the challenges and potential transformations ahead.

https://youtu.be/QcoBJv30iz0

https://dinarchronicles.com/2025/06/24/dr-scott-young-commercial-real-estate-market-collapse-brings-debt-reset/

Iraq Economic News and Points To Ponder Monday Evening 6-23-25

Through 26 Axes, Iraq Is Developing Plans To Develop Its Trade Policy Locally And Globally.
 
Yesterday  Baghdad - INA - Amina Al-Salami  The Ministry of Trade announced plans on Saturday to develop infrastructure by   digitizing services to  accelerate trade and   reduce costs. While indicating that  the next phase requires  political will and  economic stability  to prepare Iraq for an effective partnership in the global economy, the Ministry emphasized the need to strike a balance between  protecting the national economy and    global openness, as well as  preparing for accession to the World Trade Organization.

Ministry of Trade spokesman Mohammed Hanoun told the Iraqi News Agency (INA):
 
"The Ministry of Trade's plans to develop Iraq's trade policy include   updating the legal and legislative structure by   reviewing existing trade laws to   comply with the requirements for joining the World Trade Organization, such as the   Consumer Protection Law, the  Competition Law, and the   Anti-Dumping and Subsidy Law, and enacting new laws regulating    intellectual property,  e-commerce, and  data protection,  which are among the requirements of a modern market environment." 

He pointed out that "the Ministry has adopted a more open and diversified trade policy by  restructuring its trade policy to  ensure a balance between protecting national products and opening up to international markets,  expanding bilateral and multilateral trade partnerships, particularly with  Arab countries,  neighboring countries, and  European and Asian markets, in addition to   simplifying foreign trade procedures and  reducing non-tariff barriers to facilitate the entry and exit of goods and services." 

Hanoun pointed to
     "supporting and developing the private sector by enabling it to
     become a true partner in commercial activity by
     providing export incentives,
     supporting small and medium-sized enterprises capable of entering foreign markets, and
     qualifying local industries to compete regionally and internationally." 

He explained that  "developing the trade infrastructure by digitizing commercial services   (such as company registration, issuing certificates of origin, and commercial contracts),  developing the international exhibition system,  activating the role of the General Company for Exhibitions to support the  promotion of Iraqi products, and   improving the performance of ports and border crossings in coordination with other entities to  accelerate trade flow and   reduce costs." 

He added,"The development plans also include joining the World Trade Organization (WTO), resuming technical negotiations with the organization by  updating the Iraqi accession file (which was frozen for long periods), and submitting offers on customs tariffs and market services, in accordance with the organization's requirements,

in addition to building the capacity of technical cadres in the Ministry of Trade and related institutions  to enable Iraq to negotiate efficiently, while coordinating with other ministries to prepare the economic and administrative environment  in line with WTO standards."  

He explained that "the plans also include transparency and business governance by enhancing the principle of  transparency in commercial data through the  regular publication of reports, prices, and indicators, and  combating corruption and monopoly in the local market by  activating regulatory bodies and  implementing competition laws." 

He continued, "We seek to  achieve a balance between protecting the national economy and global openness, with a focus on preparing Iraq to join the World Trade Organization through  legislative and institutional reforms,  empowering the private sector, and  developing the trade and services environment."

 He noted that "the  next phase requires  political will,  economic stability, and  comprehensive national coordination   to qualify Iraq to be an effective partner in the global economy."    https://ina.iq/ar/economie/236928-26.html 

Iraq Suspends Official Work Next Thursday

Buratha News Agency  25-06-23   The General Secretariat of the Council of Ministers announced, today, Monday (June 23, 2025), an official holiday next Thursday on the occasion of the first of Muharram and the Islamic New Year.

The General Secretariat stated in a statement that "Thursday, June 26, 2025," is an official holiday for all government institutions, coinciding with the first of Muharram and the advent of the Islamic New Year.

She added, "The Cabinet Affairs and Committees Department of the General Secretariat has directed ministries, non-ministerial entities, and all governorates to take the necessary measures and act in accordance with this directive."   https://burathanews.com/arabic/news/461924

Gold Prices Rise As Investors Seek Safe Havens Amid Middle East Tensions

Monday, June 23, 2025 | Economic Number of reads: 133  Baghdad / NINA / Gold prices rose on Monday, as investors flocked to safe-haven assets amid growing fears of an escalation in the Middle East conflict, as markets closely monitor Iran's response to the US attacks targeting its nuclear facilities.

By dawn today, gold rose 0.1% in spot transactions to $3,371.30 per ounce. US gold futures settled at $3,387.20 per ounce. / End   https://ninanews.com/Website/News/Details?key=1236930

Basra Crude Oil Prices Stabilized In Monday's Trading.

Monday, June 23, 2025 | Economic Number of reads: 224  Baghdad / NINA / Iraqi oil prices stabilized on Monday during daily trading in the global market. According to global oil market data, Basra Medium crude oil recorded $75.11 per barrel, while Basra Heavy crude oil recorded $72.16 per barrel, with a change rate of -0.67 for both.

Global oil price data showed that British Brent crude oil recorded $78.28, while US West Texas Intermediate crude oil recorded $75.08 per barrel, with a change rate of +1.27 and +1.28, respectively. / End  https://ninanews.com/Website/News/Details?key=1236951

The Dollar Price Fell In Baghdad At The Opening Of Trading On Monday

Economy | 06/23/2025   Mawazine News – Baghdad  The US dollar exchange rate fell on Monday morning in the markets of the Iraqi capital, Baghdad. The Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded a decline in the dollar exchange rate to 143,700 Iraqi dinars for every $100, after it was 144,000 dinars yesterday, Sunday.

The selling price at exchange offices in the local markets in Baghdad reached 144,750 dinars for every $100, while the buying price reached 142,750 dinars. https://www.mawazin.net/Details.aspx?jimare=262974

Iraq Ranked First In The Arab World In Tourism To Türkiye During The Month

Money and Business  Economy News – Baghdad   The Turkish Ministry of Culture and Tourism announced on Monday that Iraq ranked first in the number of Arab tourists visiting the country during April of this year.

The ministry stated, in statistics reviewed by "Al-Eqtisad News", that Iraq topped the Arab countries in the number of tourists during the month of April 2025, as the number of tourists reached 65,587 people, followed by Saudi Arabia with 52,947 tourists, Jordan came third with 19,000 tourists, then Lebanon came fourth with 17,000 tourists, and Kuwait came fifth with 11,000 tourists.

She added that the UAE came in sixth place with 8,000 tourists, Qatar seventh with 3,000 tourists, and Yemen eighth with 2,000 tourists.   https://economy-news.net/content.php?id=56542

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

The Missing Part RE: Iran— No Rational Discussion About Costs

The Missing Part RE: Iran— No Rational Discussion About Costs

Notes From the Field By James Hickman (Simon Black)  June 23, 2025

If the Land of the Free wasn’t already divided heavily along ideological lines, it is even more so after the US military bombings in Iran over the weekend. Even on the political right, which would ordinarily be unified over a US military engagement, there seem to be two distinct camps.

On the one hand, there are those who hold the view that America doesn’t need more foreign entanglements.

Tucker Carlson summed up this side when he told Ted Cruz in a fiery interview that "we should be very careful about entering into more foreign wars that don’t help us when our country is dying."

On the other side are those who who see a clear and obvious benefit in preventing one of America’s harshest adversaries from obtaining nuclear weapons.

Personally I believe both sides are partially right.

I believe it’s self-evident that the Iranian government despises the United States and the West; and they have a history of direct action against Americans, and/or funding terrorist groups who cut off US citizens’ heads on YouTube.

And I can easily understand why the President of the United States wants to ensure these people cannot manufacture nuclear weapons.

I also imagine most of the world agrees with him. Publicly they may disagree and put out strongly worded statements of condemnation.

But think about it— Russia has a long history of conflict against its Muslim minority. China has literally imprisoned its Muslim minority. Do either of these countries honestly want Iran— an aggressive Islamic dictatorship that supports radical Muslim terrorist organizations— to have a nuclear weapon?

It wouldn’t take a whole lot for Iran to arm one of those terror groups with a nuke and take out half of Beijing or Moscow in an act of vengeance.

At the same time, I know from first hand experience during my time in the military that another absurdly expensive foreign entanglement is just a terrible idea. The occupation of Iraq and Afghanistan nearly bankrupted America.

What I feel is distinctly lacking from the conversation, however, is rational discussion over costs and benefits.

I would love to see leaders articulate national priorities where they assess the benefits. Then  determine how much they’re willing to invest to yield those benefits. And then actually allocate responsibly for the costs in their budget.

This just almost never happens.

My analysis, with a lot of help from Grok, is that a conservative projection of munitions costs, aircraft fuel costs, naval deployment, and even US assistance for Israeli air defense, comes to around $1 billion.

And that would leave a bit of extra money on the table for follow-up and contingency operations.

Is $1 billion a reasonable cost to ensure Iran doesn’t gain nuclear capabilities?

I think so—simply because the cost of Iran obtaining nukes and potentially blowing up a major American city could easily run into the trillions. So neutralizing a multi-trillion dollar threat for $1 billion feels like a good deal.

But I’m not sure that’s the way they’re approaching it.

For example, I noticed during the President’s remarks on Saturday night that he was flanked by Vice President J.D. Vance, Secretary of State Marco Rubio, and Secretary of Defense Pete Hegseth.

The Treasury Secretary was notably absent. And for a government that should be taking deficits seriously, there needs to be a discussion about the costs its willing to bear, and—more importantly—how are they going to pay for it?

Was Treasury even consulted? Did someone ask, “How are we going to pay for this?” to which Treasury (or DOGE) might respond, “Oh, easy, we’ll cut $1 billion from X, Y, and Z idiotic programs that clearly provide less benefit to America than taking out Iranian nukes.”

I’m not adamantly opposed or in favor of either scenario. I just want my government to do good deals. I want them to rationally address costs and benefits, risks and rewards, and then make an informed decision that balances national priorities.

America should be able to walk and chew gum, to take out a credible nuclear threat AND be able to cut the deficit (and slash regulations).

It’s incredible to me how much ink has been spilled, how much Internet bandwidth has been wasted, on America’s outrage of the week— the latest being “No Kings Day” just nine days ago.

We’ve been subjected to Leftist idiots who glue themselves to the pavement in the name of climate change. Endless debates about who gets to use which bathroom. And ongoing Gaza protests by people who don’t even know which river or which sea they’re chanting about.

We’ve had outrage over the Supreme Court’s ruling on Roe v. Wade (after which abortions in the US actually increased!). Outrage over kneeling at NFL games. Outrage over ‘threats to democracy’. And now there will be outrage over the President’s use of the War Powers Act.

Sure, some of those issues are important.

But what’s REALLY important for every single person living in America, plus billions of people around the world who depend on the US dollar in some capacity, is a looming US fiscal crisis.

Endless irresponsible spending has grown the debt to over $36 trillion, with interest payments already topping $1.1 trillion per year— higher than the defense budget.

The Federal Reserve has lost its ability to control interest rates, and it’s becoming more expensive for the government to finance the debt.

Last week we explained how this all comes to a head within eight years once Social Security runs out of money in 2033.

By then, the US government could likely be spending 40% of all tax revenue just to pay interest on the debt. And at the exact same time, tens of millions of Americans will see their retirement benefits immediately and permanently cut by nearly 25% due to Social Security’s insolvency.

The government’s only ‘solution’ will be for the Federal Reserve to step in and ‘print’ trillions of dollars to bail out the Treasury Department (and Social Security), resulting in pretty catastrophic inflation.

And yet there is zero-outrage.

No one is in the streets engaged in “mostly peaceful protests” over the deficit, or demanding sound currency or financial responsibility from the government.

In fact, it’s the opposite. People are actually outraged that Elon Musk tried to cut the deficit by rooting out fraud, waste, and abuse... so outraged, in fact, that they started blowing up Tesla dealerships. How dare he try to cut the deficit!

A rational, cost/benefit analysis is absent at every level of decision making in the US.

And if that doesn’t change, there is no reason to believe the US can solve its many long-term problems. Where’s the outrage in our professionally-outraged society?

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

https://www.schiffsovereign.com/trends/the-missing-part-re-iran-no-rational-discussion-about-costs-153023/?inf_contact_key=bfd8282458b98af051031dedee84f44b611c10abb7b3657801e6f799df81c049

Silver Is Set to Explode, Gold Has Surpassed the Euro - We’re Just Getting Started

Silver Is Set to Explode, Gold Has Surpassed the Euro - We’re Just Getting Started | Randy Smallwood

Kitco News:  6-23-2025

Silver is trading above $36, and Wheaton Precious Metals CEO Randy Smallwood says “it’s the most explosive metal right now.”

In this Kitco News interview, Smallwood explains why the setup for silver and gold is the strongest he’s seen in 20 years, how central banks are driving a structural shift in global reserves, and why Wheaton is positioned to grow 40% without lifting a shovel.

Kitco News anchor Jeremy Szafron also asks about the Middle East escalation, the new ECB data showing gold has overtaken the euro as the world’s second-largest reserve asset, and whether the U.S. dollar’s dominance is at risk.

Wheaton, a $40 billion streaming and royalty firm, has deals across gold, silver, copper, and platinum group metals.

 Smallwood breaks down current strategy, macro tailwinds, and where long-term value is hiding in the precious metals space.

Key topics:

-Silver’s explosive upside and price potential

-Why gold has overtaken the euro in global FX reserves

 -Central bank gold buying led by China, India, Turkey

-Wheaton’s 40% projected growth and no-capex model

-De-dollarization and global trust erosion in fiat

-Why this is the best setup for metals in decades

00:00 Introduction and Current Middle East Tensions

01:05 Market Reactions to Geopolitical Events

01:35 Gold's Role in Global Instability

 02:13 Interview with Randy Smallwood: Precious Metals Insights

 04:03 Gold vs. US Dollar: A Deeper Analysis

08:17 Silver Market Trends and Predictions

 12:07 Wheaton Precious Metals' Strategic Approach

19:25 Global Resource Race and Policy Challenges

28:10 Conclusion

https://www.youtube.com/watch?v=h6-z0w0kx2U

News, Rumors and Opinions Monday PM 6-23-2025

Gold Telegraph: The Strait of Hormuz

6-22-2025

BREAKING NEWS: IRAN PARLIAMENT REPORTEDLY BACKS CLOSING STRAIT OF HORMUZ

Big.

“About 30 percent of global seaborne oil shipments pass through the narrow passage…”

Source: https://www.politico.eu/article/iran-reportedly-moves-shut-strait-hormuz-us-attacks/

The United States is pressuring China to persuade Iran not to shut down the Strait of Hormuz. Unbelievable but this is real.

BREAKING NEWS: TWO SUPERTANKERS, EACH CAPABLE OF HAULING ABOUT 2 MILLION BARRELS OF CRUDE, U-TURNED IN THE STRAIT OF HORMUZ

Energy…

“The Coswisdom Lake and South Loyalty both entered the waterway and abruptly changed course…”

Source: https://www.bloomberg.com/news/articles/2025-06-22/two-supertankers-u-turn-in-strait-of-hormuz-after-us-strikes

BREAKING NEWS: GERMANY AND ITALY ARE FACING CALLS TO MOVE THEIR GOLD OUT OF THE UNITED STATES

The pressure is on.

“Germany and Italy hold the world’s second- and third-largest national gold reserves…”

Source: https://www.ft.com/content/e39390cc-ea02-4197-843a-1e4c242422cc

Source(s):   https://x.com/GoldTelegraph_/status/1936835226136694906

https://dinarchronicles.com/2025/06/23/gold-telegraph-the-strait-of-hormuz/

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

Militia Man  With Middle East tensions, what we're seeing in the news on a daily basis...gives a little bit of anxiety...to a lot of people...I understand it...But the ultimate thing is commerce and trade still keeps going.  That cog is still going to turn...On a good note Iraq is still pushing forward.  We have evidence of that...The borders are still open.  They're still doing commercial trade through trading partners.  They're still focusing in on progress. 

Frank26   What do we need in order for the Iraqi dinar to finally show the world it does have the potential, right, support to have value?  According to Dr. Shabibi...security and stability.  What was born yesterday in the Middle East?  ...Do we have security and stability in the Middle East to bring forth the new exchange rate?  No. What is happening is the start.  It is the start of the security and stability...It was born.  We don't have it yet...It's coming...We are on the cusp.

"Gold AND the Dollar Could Rise Simultaneously" - Brent Johnson w/ Mike Maloney

6-23-2025

Find Brent at SantiagoCapital.com Mike Maloney recently spoke at George Gammon's Rebel Capitalist event in Orlando.

While there, he was able to catch up with his friend (and once neighbor!) Brent Johnson. Enjoy this behind the scenes discussion where Mike quizzes Brent on his thoughts about gold, the US dollar, China, the 'Dollar Milkshake Theory' and what lies ahead for the global economy.

https://www.youtube.com/watch?v=KH4L5D_kDZ0

SILVER ALERT! BRACE FOR SILVER SLAM as COMEX Silver Riggers Need to Close July Shorts!

(Bix Weir)   6-23-2025

There are 5 trading days left before the start of the COMEX July delivery month and the Silver Riggers are currently short 350M ounces! Will they roll over the majority of contracts or will this be the END of their game? We will find out in 5 days!

https://www.youtube.com/watch?v=7hCRxX_RJjM

Iraq Economic News and Points To Ponder Monday Morning 6-23-25

Qi, K2 Integrity Partner To Raise Iraq’s Financial Compliance Standards
 
Business     Iraq     Iraqi News     June 23, 2025     246    Baghdad (IraqiNews.com) – Iraqi fintech Qi has partnered with US-based K2 Integrity to  upgrade its compliance systems and  align Iraq’s financial sector with global standards.
 
The agreement includes   the establishment of a compliance hub in Jordan and   an innovation center in the UAE, supporting operations across the region.

The 36-month roadmap will see K2 Integrity
     revamp Qi’s financial crime compliance framework,
     train staff, and
     implement international best practices.
 
Qi Chairman Bahaa Abdul Hadi said the move reflects a commitment to
     transparency and
     economic leadership in Iraq.
 
“This is about Iraq’s future.  We are investing to meet the highest global standards.”
 
Qi, Iraq’s largest electronic payment platform,
     serves over 10 million users and
     plays a central role in the country’s financial ecosystem.
 
K2 Integrity’s involvement is seen as a 
     vote of confidence in Iraq’s ongoing economic reforms.    
  
https://www.iraqinews.com/iraq/qi-k2-integrity-partner-to-raise-iraqs-financial-compliance-standards/

Baghdad And Ankara Discuss Exporting Iraqi Oil Through Turkish Territory.

Energy  Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein discussed with his Turkish counterpart, Hakan Fidan, the export of Iraqi oil through Turkish territory on Sunday.

The ministry said in a statement, "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein met today, Sunday, with Turkish Foreign Minister Hakan Fidan, on the sidelines of their participation in the meeting of foreign ministers of the member states of the Organization of Islamic Cooperation, held in Istanbul."

The statement added, "During the meeting, the latest regional developments were reviewed in light of the escalation resulting from the war on Iran and the targeting of nuclear facilities yesterday, Saturday."

The two sides stressed the importance of enhancing joint cooperation to limit the expansion of the conflict, and the need to support political and diplomatic initiatives aimed at containing the crisis and preventing its escalation.

In the context of bilateral relations, Fuad Hussein discussed the issue of water releases into Iraq, noting "the significant decrease in water quantities coming from Türkiye."

Minister Hakan Fidan promised to "intervene with the relevant authorities in his country to follow up on this issue in a way that guarantees the interests of both parties."

The two sides also discussed the issue of Iraqi oil exports via Turkey, with Hussein stressing "the importance of accelerating technical and administrative coordination to resume oil pumping through the Turkish port of Ceyhan, given the significant impact this issue will have on the Iraqi economy, given the threats and challenges facing the region."

He affirmed Iraq's readiness to fully cooperate in this regard, in a way that enhances common interests.

84 views  https://economy-news.net/content.php?id=56513

The Presidencies Hold A Meeting At The Baghdad Palace To Discuss Developments In The Region.

Local  The Presidency's Media Office announced on Sunday that the presidencies held a meeting at the Baghdad Palace to discuss developments in the region.

In a brief statement, the office said, "The presidencies held a meeting at the Baghdad Palace to discuss developments in the region."  77 views  https://economy-news.net/content.php?id=56521

A Significant Increase In US Imports Of Iraqi Oil

Energy  Economy News – Baghdad  The US Energy Information Administration announced on Sunday that the United States increased its oil imports from Iraq over the past week.

The administration said in a table seen by Al-Eqtisad News that "the average US crude oil imports during the past week from 10 major countries reached 4.964 million barrels per day, a decrease of 492 thousand barrels per day from the previous week, which reached 5.456 million barrels per day."

She added that "Iraq's oil exports to the United States reached an average of 213,000 barrels per day, an increase of 129,000 barrels per day compared to the previous week's average of 84,000 barrels per day."

The administration also indicated that "the largest US oil revenues during the past week came from Canada, at a rate of 3.223 million barrels per day, followed by Mexico, at a rate of 394,000 barrels per day, Saudi Arabia, at an average of 356,000 barrels per day, Brazil, at a rate of 173,000 barrels per day, and Nigeria, at a rate of 137,000 barrels per day."

According to the table, "US crude oil imports from Ecuador averaged 136,000 barrels per day, from Venezuela 132,000 barrels per day, from Colombia 110,000 barrels, and from Libya 90,000 barrels per day."  112 views  Added 06/22/2025 - https://economy-news.net/content.php?id=56492

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

What Do I Do Now?

What Do I Do Now?

Quentin Fottrell  Sat, June 21, 2025

My sister and her husband died within days of each other. Their banks won’t let me access their safe-deposit boxes. What Do I Do Now?

Dear Quentin,

My sister and her husband passed away within a year of each other. I’m blessed that they had the foresight to have a will and living trust that, as the successor trustee, has made dispensing the trust assets much easier.

My sister had a business safe-deposit box at her bank. The safe-deposit box is not listed as personal property and is not part of the trust.

However, I could access two other safe-deposit boxes in my sister’s name with her death certificate. The bank denied me access to her business box, saying it was not part of the trust and was opened in the name of her now-defunct business. The bank suggested filing a claim for unclaimed property in the state where I reside.

My brother-in-law also had a checking account for his medical corporation. The bank said I would be unable to access the funds with his death certificate and trust documents. The bank’s advice was the same as for my sister’s business safe-deposit box: File a claim with the state for abandoned property.

Our trust attorney said the cost of attempting to access the medical-business checking account ($11,000) might not be worth it.

My concern is that my sister may have placed three generations of wedding rings, and other family heirlooms in the safe-deposit box. Would I need to file an action in probate court to access the business safe-deposit box and business checking account or wait?  Californian Sister

Dear Sister,

There are three complications to your dilemma.

First, access to these safe-deposit boxes may be complicated by the differing rules of each individual bank, and the fact that they may be in the name of the corporation rather than the individual. But if they are the sole owner of the box, the administrator or executor of your sister and brother-in-law’s estate would be able to access them with the right paperwork.

 Second, if your sister died before your brother-in-law, his heirs will inherit his assets.

Hire a trust and estate lawyer who has experience in this field. You are taking advice from an attorney who has told you they do not have expertise in this area. So if this is a treasure hunt, you’re already knowingly walking in the wrong direction.

My answer is predicated on the assumption that your brother-in-law died first, but two deaths and two probate cases within a year complicate the process and may draw it out for many more months.

TO READ MORE:  https://finance.yahoo.com/news/sister-her-husband-died-within-105900206.html

Why the Treasury is Buying its Own Debt and What it means for Gold

Why the Treasury is Buying its Own Debt and What it means for Gold

APMEX:   6-22-2025

The financial world is constantly evolving, with power players making moves that can ripple through the global economy. One such move recently made by the U.S. Treasury has raised eyebrows and sparked debate: a record-setting buyback of its own debt.

While on the surface it might appear as a straightforward attempt to manage debt, a deeper analysis suggests something far more complex might be at play. Could this be a hidden financial intervention designed to stabilize the dollar in a world increasingly questioning its dominance?

APMEX, a leading precious metals retailer, recently released a video breaking down the multifaceted implications of this Treasury action. They argue that it’s crucial to look beyond the immediate headlines and consider the broader context of inflation, geopolitical tensions, and the growing trend of de-dollarization.

The initial reaction to the Treasury’s buyback might be suspicion. Does this action resemble a bailout, propping up struggling banks and financial institutions burdened by U.S. debt?

While that might be a contributing factor, APMEX suggests a more strategic motive: bolstering demand for the U.S. dollar in the face of weakening global confidence.

The global landscape has been shifting dramatically. Inflation continues to plague economies worldwide, forcing central banks to grapple with rising interest rates and potentially triggering recessions. Concurrently, geopolitical instability, fueled by conflicts and escalating tensions, is creating uncertainty and pushing nations to reconsider their reliance on the dollar for international trade and reserves.

This shift away from the dollar, known as de-dollarization, is perhaps the most significant pressure facing U.S. institutions. Countries like Russia, China, and others are actively seeking alternative currencies for trade, challenging the dollar’s longstanding role as the world’s reserve currency.

This trend, if continued, could significantly weaken the dollar’s value and impact the U.S. economy.

The Treasury’s debt buyback, according to APMEX, can be seen as a proactive attempt to combat this erosion of confidence. By reducing the supply of U.S. debt in the market, the Treasury aims to increase its demand, thereby supporting the dollar’s value and maintaining its global influence.

The U.S. Treasury’s debt buyback might be more than just a debt management strategy. It could be a calculated maneuver to shore up the dollar’s value in the face of mounting global pressures.

By understanding the underlying factors driving this action, investors can better navigate the evolving financial landscape and make informed decisions to protect their wealth.

The spotlight is on gold and silver, but the real story is how the complex relationship between inflation, geopolitics and de-dollarization plays out on a global stage.

https://youtu.be/2MgR4VMlsHg