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

Good Afternoon Dinar Recaps,

Ledger Unveils 'Recovery Key' — A Tap-to-Recover Hardware Option for Crypto Wallets

As crypto adoption soars, Ledger introduces a new physical key to simplify wallet recovery while keeping self-custody secure.

Ledger has introduced Recovery Key, a new physical “spare key” designed to help users recover access to their crypto wallets with just a tap and PIN entry — no intermediary required.

◾ The feature is specifically compatible with Ledger Flex and Ledger Stax, the company’s e-ink touchscreen wallet products.
◾ Recovery Key works via secure NFC wireless communication, leveraging the same hardware-grade security that powers Ledger’s main devices.
◾ Users can now pair Recovery Key with their existing 24-word seed phrases or opt to use Ledger Recover, the company’s encrypted key-splitting recovery service. All are optional.

A Modern Approach to Backup and Recovery

As crypto’s market cap grew by nearly $1 trillion over the past year, Ledger says the demand for secure, practical recovery tools is more urgent than ever.

◾ Users can generate an always-offline backup key, secured with its own PIN and stored on tamper-resistant hardware.
◾ There is no limit to the number of Recovery Keys users can create — each requires device-side confirmation.
◾ “Too many people are compromising by keeping their assets on exchanges and insecure software wallets,” said Ian Rogers, Ledger’s Chief Experience Officer.

“With Ledger Recovery Key we are making secure self-custody easy-to-use for everyone.”

Built for Transparency and Trust

Ledger emphasized that transparency and auditability are foundational to the new feature’s rollout.

◾ The Recovery Key’s code and whitepaper are publicly available for community review.
◾ It has passed multiple rounds of internal security testing, including scrutiny by Ledger’s in-house white-hat team, the Donjon.
◾ Third-party external security audits were also conducted, and Ledger reports “extremely positive feedback” from experts.

“We’re excited to reveal it to the world for even more feedback ahead of its launch,” said Ledger CTO Charles Guillemet.

Complementary Options: Recovery Key, Ledger Recover, or 24-Word Phrase

Ledger is expanding its self-custody toolkit by offering layered options that address the needs of different users without compromising on control.

◾ The new Recovery Key joins Ledger Recover, a paid service launched in 2023 that splits, encrypts, and stores seed phrases across multiple jurisdictions.
◾ Recovery Key is standalone and optional, and users may use one, both, or neither, depending on their security preferences.
◾ Despite community concerns about personal data and custodial risk, Ledger maintains that its multi-path recovery strategy offers flexibility and safety.

Ledger Surpasses 7.5 Million Devices Sold

The launch follows successful adoption of Ledger Stax and Ledger Flex, which helped drive total device sales past the 7.5 million mark. The Paris-based firm says its expanding ecosystem reflects growing global interest in secure self-custody tools.

@ Newshounds News™
Source: The Block

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Democrats Push COIN Act to Regulate Trump’s Crypto Influence

Senator Adam Schiff targets Donald Trump’s growing ties to crypto with a bill designed to curb political profiteering in digital assets.

Former President Donald Trump’s private dinner for memecoin holders has ignited a political backlash, triggering new legislation aimed at restricting crypto activity by political leaders. Democratic Senator Adam Schiff has introduced the COIN Act — Curbing Officials’ Income and Nondisclosure — to close what he calls an emerging loophole between digital finance and political power.

▪️ The COIN Act would bar current and former top U.S. officials from creating, promoting, or investing in cryptocurrencies, NFTs, or stablecoins during and for two years after their terms.
▪️ Schiff directly targets Trump’s alleged $57 million gains from the family-linked crypto platform World Liberty Financial (WLF).
▪️ The bill follows a Trump-hosted dinner that rewarded top holders of his personal memecoin.

Crypto Influence: A New Political Battleground

Senator Schiff warns that Trump’s crypto engagements mark a dangerous fusion of personal enrichment and institutional authority.

▪️ Schiff claims Trump is using crypto as “a lever for private financial gain” through World Liberty Financial, in which the Trump family held a majority stake before reducing it to 40%.
▪️ A controversial turning point: WLF’s launch of the USD1 stablecoin, later cited in a $2 billion Abu Dhabi investment announcement involving Binance.
▪️ Trump’s estimated $3 billion in digital assets — nearly 40% of his total net worth — raises red flags for Democrats who view this as financial soft power cloaked in populism.

“This is not just a tech issue — it’s a political integrity crisis,” Schiff said, framing the bill as a moral firewall between officeholders and DeFi ventures.

Democratic Counteroffensive: TRUMP in Crypto Act

Schiff is not alone in his push to draw a regulatory line. In the House of Representatives:

▪️ Maxine Waters has proposed the provocatively named TRUMP in Crypto Act, designed to explicitly ban political use of memecoins.
▪️ The bill’s timing? It dropped the same day Trump hosted his memecoin backers — a deliberate statement, not a coincidence.

Congressional Reality and Electoral Optics

Despite the bold proposals, both bills face major hurdles:

▪️ Democrats remain in the minority in Congress.
▪️ A presidential veto remains highly likely if either bill reaches Biden’s desk.
▪️ A two-thirds majority needed to override such a veto seems mathematically unreachable.

Still, Schiff and Waters are playing a longer game: influencing public opinion and reframing crypto as a 2024 campaign battleground.

Crypto: Campaign Currency or Conflict of Interest?

Trump’s crypto strategy, once seen as novel, now appears as a calculated expansion of influence and fundraising reach. Schiff sees crypto as:

▪️ A soft power tool used by political elites to reward loyalty.
▪️ A bypass around traditional financial disclosure norms.
▪️ A growing threat to transparency in both governance and elections.

“Crypto is no longer just code — it’s campaign capital, it’s a narrative weapon, it’s contested political territory.”

Conclusion: The Future of Political Crypto Regulation

The COIN Act and its House counterpart may struggle legislatively, but their symbolic value is growing. These proposals:

▪️ Reframe blockchain technology as a governance issue, not just a financial tool.
▪️ Signal that crypto oversight may soon become a partisan wedge issue.
▪️ Reflect the shifting reality: the blockchain is now electoral infrastructure.

@ Newshounds News™
Source: CoinTribune   

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Investigators Say Anyone Can Be Vulnerable To Fraud

Investigators Say Anyone Can Be Vulnerable To Fraud

San Diego Seniors Lost $108 Million To Scams In 2024 — And Investigators Say Anyone Can Be Vulnerable To Fraud

Christy Bieber  Mon, June 23,  Moneywise

San Diego residents in their golden years should be enjoying the balmy weather and beaches, but instead, many are worrying about how to recover lost funds or survive financially after being scammed. Victims include retired professionals, says Michael Rod, an FBI supervisory agent in San Diego Count. Two such victims whom reported over $2 million stolen in the past two weeks. “Doctors, lawyers, judges, pilots, engineers, all have fallen victim to this stuff, like very smart, intelligent people,” Rod told ABC 10 News San Diego.

That's why scams are often underreported.

The FBI reports that last year, at least 1,300 San Diego residents aged 60 and older lost an average $80,000 each to fraudsters — a total $108 million, but that’s just the tip of the iceberg. Many victims are embarrassed and don't report when they've been targeted.

Rod now leads a new initiative dedicated to helping protect older residents in San Diego County from such scams: the San Diego Elder Justice Task Force. The task force is made up of local law enforcement agencies, the FBI, the District Attorney’s Office and Adult Protective Services.

"It's a first-of-the-kind model,” explained Rod, who is currently serving as task force commander.

It’s urgent work as elder fraud is on the rise nationwide — $4.8 billion in losses last year, according to the FBI. Residents of California, Florida, and Texas lost the most money, according to the FBI.

Not only is more money being stolen, but criminals are getting more brazen.

Scammers get bold, as criminals send couriers to pick up money

As ABC 10 News reports, one audacious scam is occurring almost daily in San Diego, as overseas criminals ensnare innocent victims in a tech support or overpayment scam, and then send a courier to their house to pick up cash.

Dale Marsh, a Carlsbad resident, was nearly a victim of this very crime after receiving a text from a phone number thanking him for purchasing Norton antivirus products.

He called the number to explain he hadn't made the purchase, and spoke to a “very polished, very professional, very non-threatening, very corporate, business-like” rep named Roger who told Marsh he'd have to enter $500 into an online form to have funds sent back to his bank account.

Marsh followed the instructions but then “Roger” claimed he had "accidentally" transferred $50,000 to Marsh’s account and that he would lose his job unless he sent a courier to Marsh to collect the $50,000 back immediately.

Fortunately, Marsh's wife heard this all from another room and called the police, so when the courier showed up in a Dodgers hat, he was greeted with a fake $50,000 as well as an arrest.

TO READ MORE:   https://www.yahoo.com/news/san-diego-seniors-lost-108-210000102.html

Basel 3, The BRICS & Financial Disorder

Basel 3, The BRICS & Financial Disorder

Miles Harris:  6-23-2025

As Western regulators tighten liquidity rules under Basel III, gold—the oldest store of value—has been quietly sidelined from modern banking.

 Yet at the same time, BRICS nations are accumulating it with strategic intent. Is this a regulatory oversight... or part of a deeper global shift?

 In this analysis, we’ll explore how Basel III shapes financial behaviour in the West—while BRICS nations operate on an entirely different playbook.

What emerges is not just a regulatory gap, but a structural divergence that may well redefine the future of money.

00:00 Intro

00:38 Basel 3 Technicalities

 03:56 Gold: Capital Efficient; Liquidity Inefficient

04:47 Basel III: Scope & Application

05:36 Opaque Channels Beyond Basel

 07:14 The East West Regulatory Divergence

https://www.youtube.com/watch?v=pMmO6T9JKNs

News, Rumors and Opinions Tuesday 6-24-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 24 June 2025

Compiled Tues. 24 June 2025 12:01 am EST by Judy Byington

(RUMORS)

Mon. 23 June 2025: QFS Locked, Operation Phoenix ENGAGED …Mr. Pool on Telegram

Simultaneously, Trump’s Omega Vault Directive (allegedly)  locked elite access to QFS. Gold spiked June 14. Wall Street halted five times. Not an error—intentional disruption. Schwab canceled Davos. Fink sold off BlackRock shares. IMF servers went dark. These are retreat patterns. The elite read the codes. They know what’s coming.

Phase Phoenix is(allegedly)   live. Strategic assets are repositioning. The vault stays sealed. When the next code burst exceeds 300 characters, it will mark the final breach—the destruction of the fiat grid and full control by QFS.

Possible Timing: (Rumors)

Mon. 2 June 2025: The QFS (allegedly)  silently activated across all sovereign nodes. Traditional banking systems began their final restructuring phase as SWIFT, IMF, and BIS operations were (allegedly)  cut from global liquidity lines.

Fri. 13 June 2025: The 48-hour Global Currency Reset (GCR) blackout (allegedly)  initiated across targeted markets. Select financial systems were frozen for transition into the asset-backed framework.

On Wed. 25 June 2025, the first wave of wealth redistribution will(allegedly)   go live. Redemption Centers will (allegedly)  begin processing live appointments under full GESARA protocol.

According to sources inside two U.S. Treasury branches, the schedule was already (allegedly)  being populated with approved Tier 4B participants and millions will receive their initial funds, empowering communities and triggering local economic recovery projects worldwide. Secure drop of Vatican black ledger files (public release via QFS channel)

Sat. 28 June 2025: Redemption Center networks(allegedly)   activated across 70 countries. Civilian verification teams deployed, focusing on biometric onboarding and USTN access for verified citizens.

Between Sun. 29 June and Fri. 4 July 2025 expect a Blackout Period for the banks (as announced over the EBS) while systems adjusted to the (allegedly)  new currency rates and Global Financial System.

Tues. 1 – Thurs. 3 July: Mass activation of gold certificates in North America. (allegedly)  

Fri. 4 July 2025 Global Activation Day: Trump hosts Independence Day celebration — 250 years since 1776. On this symbolic day, the full public activation of the QFS, NESARA/GESARA economic reset and release of suppressed healing technologies(allegedly)   begins. The world will enter the most transformative 24 hours of modern history. Public announcement of this new American Republic under concepts of the original Constitution in a coordinated global signal via QFS. Declaration of Planetary Jubilee and full EBS broadcast release begins.

Sat. 5 July to Mon. 14 July: QFS mass biometric sync rollout. US Treasury-backed Rainbow Notes (allegedly)  become primary medium of international trade, fiat currencies enter terminal phase.

Read full post here:  https://dinarchronicles.com/2025/06/24/restored-republic-via-a-gcr-update-as-of-june-24-2025/

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

Militia Man  Article: "Qi and K2 Integrity Join Forces to Boost Financial Compliance in Iraq"   This is one of the most powerful articles we've seen in all the years we've been around because of the nature of all the entities involved in this.  That's giving Iraq a platform to prove they are ready for global compliance and standards.  For what?  Cross-border payments internally and externally and their helps it's going to show the world Iraq is ready to do trade.  It's very big.

Clare   Article:   "Qi and K2 Integrity Join Forces to Boost Financial Compliance in Iraq"  Quote:  "The partnership extends across three countries—UAE, Jordan, and Iraq—and is structured to support different aspects of Qi’s regional operations...For Iraq...The timing is critical. As Iraq opens up to foreign investors...showing real commitment to financial  integrity is becoming a prerequisite...K2 Integrity, based in New York... leadership includes former U.S. Treasury officials..."

FRANK26…6-23-25….PART2 …K2

https://www.youtube.com/watch?v=x313qOXGelg

Mike Maloney w/ Russell Gray on Bitcoin, Gold & Escaping the Dollar Trap

6-24-2025

In this powerful conversation at Rebel Capitalist 2025, Mike chats with Russell Gray—co-founder of The Collective Inner Circle and the voice behind MainStreetCapitalist.com—about the global movement away from centralized control and toward Main Street-driven entrepreneurship.

Russ delivers an urgent call to action: our world is at a turning point. From the collapse of legacy media to economically disastrous policy decisions, the time is now for entrepreneurs, investors, and families to reclaim freedom through purpose-driven capitalism.

Discover why decentralized money (gold, Bitcoin), community-based business, and economic education are key to navigating the chaos—and building prosperity from the ground up.

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

Tuesday Coffee with MarkZ. 06/24/2025

Tuesday Coffee with MarkZ. 06/24/2025

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: Happy Terrific Tuesday fellow Dinarions

Member: Anything new and exciting today Mark?

MZ: My bond people are still awfully excited Things appear to be playing out like they thought it would. They still believe they are being paid this week.

Member: My bond group called me last night with a message that everything is going excellent. In a few days we will see victory. They are very excited.

MZ: That very much fits with what I have heard from bond contacts that have checked in.

Member: what is your gut telling you on for timing for this??

MZ: My gut is screaming that bonds just may go this week. I am feeling good.

​​MZ: “ Iraq operates the first phase of a strategic project to invest gas and prevent its flaring” Part of the white paper reforms. Some are economic based and some are infrastructure based. This is a project that wasn’t expected to be finished for years and now they say it will be completed in the coming days. They are well ahead of schedule. They want to be energy independent from Iran.

MZ: “Transport: FAO projects and the development path moving steadily”  they want us to know that even with the unrest they are ahead of schedule. Another project that is part of their white paper reforms.

MZ: “Iraqi parliament sues government over delayed budget schedules”  We are watching a massive push to try to get this done. Something I wish we could do in the US

MZ: “QI and K2 Integrity join forces to boost financial compliance in Iraq” This is the final stage of the white paper reforms and overhauling their system.  They are raising their international standards across the board.

​​Member: The Prime Minister's Financial Advisor, Dr. Mazhar Mohammed Salih, stated Iraq's financial situation remains within safe limits, despite regional tensions from the Israeli aggression against Iran.

Member: I saw a article where the entire supreme court in Iraq just resigned. Very weird

Member:  Heard that things are more stabilized now in Iran …this may be over before it gets any worse.

Member: Mark- do you think the Iran-Israel cease fire will affect the RV?

MZ: Yes. I was told before the cease fire even happened that this was a key in releasing the bond dollars. Fingers crossed that it sticks.

Member: It appears we are closer than ever before.

​​Member: Mark, all the Iraqi bankers and finance people said last year they wanted the rate at a quarter or new year. The start of the next quarter is HERE! Almost

Member: If Basel 3 compliance is based on a country's assets for their currency, isn't July 1st when Iraq is supposed to be compliant? This would mean they would have to bring their value up,

​​Member: I just read a good article about Zimbawai! Their currency is doing great !! Go Zim!

Member: Like some have said, Iraq will not go on our Independence Day. So maybe we will go before and really have something to celebrate in our July 4th!

MZ: MilitiaMan and Andy Schectman should be joining us in the morning. Dr. Jay will be with us tonight.

Member: Have a terrific Tuesday to all……stay positive

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=6FORy6O-i5E

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

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

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