Trust Lost in Banking System and US Dollar

Trust Lost in Banking System and US Dollar

Liberty and Finance:   6-25-2025

In a recent interview with Liberty and Finance, Dr. Mark Thornton painted a stark picture of the global economic landscape, highlighting a pervasive and growing distrust in fiat currencies, with the U.S. dollar at the forefront.

This erosion of confidence, he argues, is directly fueling a resurgent interest in gold as a stable and reliable monetary asset, an interest that extends from individual investors to powerful central banks.

Dr. Thornton’s analysis points to a confluence of factors contributing to this seismic shift. At the heart of the matter lies a deepening skepticism towards government fiscal policies and the inherent inflationary nature of fiat systems. He asserts that both everyday citizens and institutional players are recognizing the vulnerability of paper money to the ravages of inflation, the consequences of unchecked government spending, and the looming specter of broader economic instability.

“Confidence in traditional banking is eroding,” Dr. Thornton stated, attributing this decline to a trifecta of issues: an overabundance of regulation that stifles innovation and creates inefficiencies, a persistent pattern of fiscal irresponsibility from governments, and the Federal Reserve’s ongoing adherence to inflationary monetary policies.

 These factors, he contends, are systematically undermining the trust that underpins the value of fiat currencies like the dollar.

Beyond domestic concerns, Dr. Thornton also shed light on the geopolitical dimensions of this monetary recalibration. He suggested that international conflicts are frequently rooted in battles over monetary control, with nations like China and Russia actively working to challenge and ultimately undermine the dominance of the U.S. dollar in the global financial system.

This strategic maneuvering, driven by a desire for greater economic sovereignty, further bolsters the appeal of gold as an alternative store of value, independent of any single nation’s monetary policy.

Despite the challenging prognosis for fiat currency systems, Dr. Thornton’s outlook is not entirely without hope.

He expressed a degree of optimism regarding the potential for a transition towards a more robust and stable economic future, one underpinned by sound money principles.

 In his view, the increasing embrace of gold and silver as monetary assets represents a crucial step in this direction.

“A shift toward sound money—especially gold and silver—could offer a more stable economic future,” he concluded, emphasizing that these precious metals have historically served as anchors of value during times of economic uncertainty.

For those seeking a deeper understanding of these complex economic dynamics and Dr. Mark Thornton’s insightful perspectives, the full video interview is available on Liberty and Finance. It offers a compelling exploration of why the age-old allure of gold may be poised to reclaim its position as the ultimate arbiter of value in a world increasingly wary of paper promises.

https://youtu.be/NV8op9G1Gpk

News, Rumors and Opinions Wednesday 6-25-2025

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 Wed. 25 June 2025

Compiled Wed. 25 June 2025 12:01 am EST by Judy Byington

Judy Note: Intel obtained by the new StarLink Satellite system indicated that the people of Iran didn’t want war. They were working toward a regime change. New elections would also bring them the ability to participate in the Global Currency Reset and be able to trade with 207 other nations – something forbidden if they were at war.

In order to participate in the Global Currency Reset (which was in the process of completing this week) and trade with 207 other nations, the Mid East nations could not be at war.

Tues. 2 June 2025: The Fed is Dead …Nesara Gesara QFS on Telegram

The Federal Reserve has (allegedly) come to an end. No vote. No news. There was no coverage in the news. But behind the scenes, a sovereign, asset-backed monetary system is already being put into place, and the reset is no longer(allegedly)  a future event. It’s here.

The phrase “sovereign system” means what it always should have: a national currency that belongs to the people and not to a private banking cartel. For more than 100 years, Americans have lived under a fiat system run by central bankers who were not elected. That time is (allegedly) coming to an end, quietly.

The U.S. Debt Clock, which is one of the few public signs that shows real systemic change, has moved. “Federal Reserve Notes” have been changed to “Future U.S. Treasury Dollars.” They didn’t change that language by accident. It was a sign. The Federal Reserve is (allegedly) being phased out, and a currency issued by the sovereign Treasury is already in the modeling stage. It will probably be put into use soon with military oversight.

The media fills people’s heads with noise, distractions, and cultural decay, but the real work of changing America’s financial system is already going on. And it’s not just a theory. It’s measured.

The real price of gold is (allegedly) $8,974 an ounce. The real value of silver is(allegedly)  $1,132 per ounce. There are 364 paper claims on silver for every real ounce.

These numbers show that the system you’ve been stuck in is rigged. Your wages, savings, and buying power are all based on fake prices, manipulated indexes, and fake debt. You’re not just getting paid less than you should. You’ve been made a slave to a currency that was never meant to help you.

But that system is falling apart. The same models say that there is now more than $173 trillion in asset-backing potential, including land, metals, hard commodities, and money that was stolen from corrupt globalists over the years. Fraud operations, black budgets, and offshore laundering channels have(allegedly)  brought back another $7.5 trillion.

This isn’t a dream. The numbers show that each citizen could (allegedly) get more than $508,000 in sovereign wealth, not as handouts but as the start of an economy without debt or interest.

No loans from the central bank. No traps for compound interest. No skimming by a third party. Simply direct sovereign value, which is measured, issued, and traded peer-to-peer on safe, decentralized networks.

This new model would (allegedly) save more than $1 trillion a year just by getting rid of federal interest payments. By eliminating middleman banking fees, each adult saves another $39,000 a year. That’s not a hypothesis. That’s a model that already exists; it’s now active but not spoken about.

So why isn’t CNN covering it? Why hasn’t Bloomberg explained why the Debt Clock’s terms have changed? Why hasn’t financial Twitter said anything?

Because you weren’t meant to know. The elites who built the fiat empire are (allegedly) watching it fall apart. The fewer people who know what’s going to happen next, the easier it is for them to stay in charge during the collapse.

This has nothing to do with crypto. This isn’t just a belief system. This is the last fight between freedom and slavery, debt and sovereignty.

Trump was aware. And the sovereign system he helped start is now a reality. It’s alive, and the clock is already ticking.

You can stay loyal to the old system’s last gasps…Or enter a new economy that is meant to set you free.

Read full post here:  https://dinarchronicles.com/2025/06/25/restored-republic-via-a-gcr-update-as-of-june-25-2025/

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

Militia Man   A real effective exchange rate for Iraq is not 1310.  The data supports it...It supports something significantly different. Fact. That's my impression that I believe to be fact. 

 Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  K2 here for the next 36 months helping us doing audits...K2 came out and said Iraq was well far ahead of their deletion of the 3 zeros project and monetary reform than they even thought...  FRANK:  K2 is going to help you guys police your currency to make sure nobody touches it, the new exchange rate, the banks are not being abused.  K2 is for that purpose.  Why are they there now? ...Relax my friend.  Your turn is coming.

Delinquencies, Defaults, Denial: The Fed’s Blind Spot Grows | Danielle DiMartino Booth

Kitco News:  6-24-2025

Federal Reserve Chair Jerome Powell returned to Capitol Hill this week, facing mounting political and economic pressure.

 Bond markets are now pricing in two rate cuts by December, even as Powell warns that inflation could reaccelerate this summer.

 In his testimony, Powell acknowledged that rates are now only “modestly restrictive” and refused to commit to cuts, despite rising delinquencies, falling home prices, and consumer stress.

Joining Kitco News is Danielle DiMartino Booth, CEO and Chief Strategist at QI Research and former advisor to the Dallas Fed.

DiMartino Booth argues that the Fed is again behind the curve, dismissing recession signals and risking another policy error.

 She outlines her thesis that the U.S. economy is already in contraction, student loan defaults are accelerating, and housing weakness could soon drive inflation lower.

Key topics:

-Powell’s testimony and the July rate cut debate

-BLS job revisions and labor market deterioration

-Student loan delinquency crisis and GDP risk

-Housing price declines and shelter inflation

-Tariff-driven input costs and policy paralysis

-Credit crunch signals and market dislocation

-What would shift her outlook to ‘stabilization’

 00:00 Introduction

00:52 Powell's Testimony and Market Reactions

02:14 Interview with Danielle DiMartino Booth

04:56 Student Loan Crisis and Economic Impact

 08:21 Housing Market Trends

11:46 Oil Prices and Geopolitical Factors

 13:00 Fed's Policy Dilemma and Market Expectations

19:20 Conclusion

https://www.youtube.com/watch?v=FDY7hIKU2cU

Wednesday Coffee with MarkZ . 06/25/2025

Wednesday Coffee with MarkZ . 06/25/2025

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: Hi everyone! It's a wonderful Wednesday!

Member: Good morning Mark, mods and fellow RV’ers

Member: Did the dinar just show up on forex?

MZ: Yes…briefly about 10 pm last night…… and with different values. 722.00 to one US dollar popped up last night. (Mark shows screenshot) and we saw some transitions up to a 1 for 1. There was sheer craziness for about 30 minutes. The dinar doubled in value within moments. Something is going on. Is the system updating??? Are values being tested??? It was awfully exciting.

Member: Testing the waters?

Member: We want this and not a LOP Mark Z this is great news !!!!

Member: Dong also adjusted 12% down and back the other day

MZ: The chatter this morning is off the charts….and has drummed up the anticipation big time. But we cannot cash those checks yet.  

Member: Will we see you wear the gold hat and shirt tomorrow?

MZ: Bond folks have suddenly seen meetings speeded up to this afternoon and evening…coupled with new rates showing up on currency sites last night….specifically on the Iraqi dinar….they fluctuated from 722 to roughly a dollar or parity of a 1 to 1…..

MZ: So throw all of that together and maybe . Noone knows the date and rate….so stay calm. But things are certainly interesting.

Member: Mark on one of the other sites …someone said it's going in 72 hours

Member: Frank said if you had your currency less than 1 year it could be taxed 40% and over a year at 20%?

MZ: I have not seen anything to support that. We won’t know for sure until we cross the finish line. But almost none of the people I have spoken with believe that is accurate.

Member: Hopefully NESARA will be implemented at the same time, and the only tax we will be subject to is a consumption tax on new items only.

MZ: “ IMF: Iraq has made progress by transitioning to a new foreign trade financing system” A new banking system which is part of the second phase of the financial reforms.

MZ: “World Bank: The development path will significantly increase trade inside Iraq at the regional level” The world bank is contributing 1 billion dollars for improving railways, international trade ect….The world bank is throwing big money at the development road project.  They are also giving $400 million to Syria and others in the region for infrastructure.

Member One would think that if they revalued their currency…..they could afford things without a billion dollar loan???

Member: Trump is in Hague with the NATO meetings. The World court is in Hague. Does he need to meet with them to sign off on Gesara?

MZ: It is my understanding everything has already been signed off. But, it is interesting that Trump is in Hague where the World Court is. We were told this may be where they say the final “go”

Member: Ed of Ocala always said the World Court had the final say

Member: What is your gut feeling on timing Mark?

MZ: My gut feeling is I should wait and find out what the bond folks learn today…...but right now it feels like they may do something this week. I feel good.

Member: I had a gut feeling once...then realized it was the jalapeños I had on my pizza…lol

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

Member: I heard the start of Q3 we will see the benefits of the tarrifs..so possibly the RV will be in that

THANK YOU MARK, MODS, AND COMM FAMILY!! SEE YOU TONIGHT AT 7:00 PM EST. FOR ANOTHER GREAT PODCAST WITH ZESTER!! MARK IS TRAVELING HOME.

MZ: I will give Zester any updates I get for the podcast tonight.

Member:  Thanks and have safe Travels Mark……Maybe this week is finally “IT”

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=UuaG-iCyM50

Seeds of Wisdom RV and Economic Updates Wednesday Morning 6-25-25

Good Morning Dinar Recaps,

India Reveals New Details About BRICS Currency: Launch Still Years Away
By Watcher Guru | June 2025

The much-anticipated BRICS common currency, once touted as an imminent challenger to the U.S. dollar, remains far from launch. Despite attention-grabbing announcements and mock-ups from leaders like Russian President Vladimir Putin, new statements from Indian officials reveal the project is still in its infancy.

BRICS Currency Still in 'Very Early Stage'

India’s Sherpa and Secretary of Economic Relations, Dammu Ravi, has publicly acknowledged that the development of a BRICS currency is “at a very early stage.”

“The discussions are still in their nascent steps and have a long way to go for the formation,” Ravi stated.

Despite the BRICS bloc—Brazil, Russia, India, China, and South Africa—floating the idea as early as 2023, real progress remains limited. Ravi’s remarks suggest that a BRICS currency may take years—if not decades—to become reality.

Challenges Ahead: Framework, Consensus, and Central Bank

The formation of a common currency within a multi-nation bloc like BRICS is a consensus-based effort, meaning all member nations must agree on every element—from economic frameworks to geopolitical implications.

Key requirements still missing include:

▪️ A unified policy framework
▪️ A functioning central monetary authority or central bank
▪️ Clear guidelines for currency management and cross-border transactions

This level of coordination across five (or more) sovereign economies is complex and unprecedented.

Geopolitical Catalyst: U.S. Sanctions Sparked the Idea

The original push for a BRICS currency stemmed from a growing backlash against U.S. sanctions, particularly those impacting developing nations. The BRICS bloc began exploring alternatives to the dollar-dominated financial system, with currency independence seen as a strategic defense mechanism.

While the White House’s use of economic sanctions prompted this movement, U.S. policymakers shouldn’t dismiss the potential threat—even if the currency launches decades from now.

“Even if it is launched after 25 years, it still poses a threat to the U.S. dollar’s global supremacy,” the report notes.

A Symbol vs. Substance—For Now

At the 16th BRICS Summit in Kazan, Putin publicly showcased a mock-up BRICS banknote, sparking media speculation that the project was nearing launch. However, this now appears to have been more symbolic than substantive.

Despite over two years of discussion, the BRICS currency remains in the conceptual phase. India’s remarks signal that public hype may be running far ahead of institutional readiness.

Bottom Line:
While the idea of a BRICS currency continues to grab headlines and stir speculation, officials now admit the project is still in the brainstorming phase. The dream of challenging dollar dominance remains alive—but reality is still far over the horizon.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Read the Fine Print - Buyer Beware!!

Read the Fine Print  - Buyer Beware!!

Maurie Backman  Mon, June 23, 2025   Moneywise

Georgia roofer is out $12,000 after State Farm approved homeowner's claim — then refused to pay out in full

When Cumming, Georgia, homeowner Venkat Garikapati's roof sustained heavy wind damage in 2021, he filed a claim with his home insurance company, State Farm, to have it fixed.

However, State Farm only approved the replacement of 38 shingles and estimated the cost at $1,422.15 — less than Garikapati's $2,500 deductible — and closed the claim without paying, according to Atlanta News First. But Garikapati's roofer, David Garner, disputed the insurance company's assessment.

"It was torn all to pieces," Garner told the local broadcaster of the roof's condition. "More than 70 shingles were creased or missing."

Garner, along with a public adjuster, spent years trying to prove to State Farm that Garikapati's roof needed a full replacement to avoid further damage and leaking, reports Atlanta News First. State Farm kept denying the claim before finally approving a full roof replacement on April 25, 2024 — more than three years after the original claim.

"They are never shy on collecting the monthly premium at all, but to get this approved took quite a long time," Garikapati said.

Garner went ahead and did the work. But after the initial "actual cash value" check cleared, State Farm refused to pay the replacement cost in full, citing a clause in Garikapati's insurance policy that stipulates a repair or replacement must be completed within two years of the date of loss to receive additional payments.

As a result, Garner is out $12,000 — and he blames State Farm fully.

Local roofer in the lurch

When a contractor does work on a home and isn't paid for it, they may be able to place a lien on the home. However, Garner doesn't want to do that to Garikapati.

"It's not the homeowner's fault that this is taking place," Garner said.

Despite the clause in Garikapati's insurance policy, Atlanta News First reports an attachment to State Farm's approval estimate stated: "Replacement cost benefits will be issued contingent completed of roof replacement and submission of photos, submission of photos, certificate of completion and or signed contract agreement with service provider."

But when Garner submitted the paperwork, he said State Farm wouldn't pay up.

"What am I supposed to do?" Garner asked. "I've already built the roof. I paid for the materials. I paid for the labor. Everything's done."

Garikapati filed a complaint with the Georgia Office of Insurance and Safety Fire Commissioner in January, per Atlanta First News, but that went nowhere.

“The whole reason this claim took a long time to get approved is because deny and delay, deny and delay,” Garner said.

Atlanta News First says it looked at recent complaints filed with the commissioner’s office and found that State Farm, the state's biggest insurer, had 892 complaints in 2024, up 126% from 2022. It also found that Allstate had 770 complaints, up 77% from 2022, while Progressive had 557, up 49% from 2022.

TO READ MORE:  https://finance.yahoo.com/news/georgia-roofer-12-000-state-120000790.html

“Tidbits From TNT” Wednesday Morning 6-25-2025

TNT:

Tishwash:  IMF: Iraq has made progress in transitioning to a new system for financing foreign trade.

The International Monetary Fund (IMF) mission considered that the Central Bank of Iraq has achieved "significant progress" by transitioning to a new system for financing foreign trade.

A statement issued by the bank quoted the mission as confirming that "the Central Bank of Iraq has made progress in absorbing excess liquidity by increasing the issuance of short-term debt instruments (central bank transfers and Islamic certificates of deposit), adjusting subscription limits for banks in central bank auctions, and improving liquidity forecasting tools and practices."

The statement added, "The mission commended the Central Bank of Iraq's efforts to successfully transition to the new trade finance system," noting that commercial banks now process trade finance transactions entirely through their relationships with correspondent banks.

According to the mission, "the Central Bank of Iraq has made significant progress by transitioning to a new system for financing foreign trade through correspondent banking channels, instead of relying on the daily dollar auction."

According to the statement, the mission indicated that "this development has contributed to enhancing banks' compliance with international transparency requirements, such as OFAC regulations and others, and improving their relationships with global correspondent banks."

The statement added that this step resulted in narrowing the gap between the official dollar exchange rate and its parallel exchange rate, indicating relative success in curbing illegal speculation and reducing currency leakage.

The statement continued, citing the IMF mission, that "the methodology for managing foreign exchange has become more effective than before, especially with the Central Bank of Iraq continuing to implement complementary measures such as requiring traders to submit genuine import invoices and simplifying procedures for obtaining hard currency for legitimate importers."  link

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Tishwash:  Al-Sudani: "Made in Iraq" is a national project we are counting on.

Prime Minister Mohammed Shia al-Sudani inaugurated, on Wednesday, the Construction Cooperation Center (Construction Basket), which was implemented by the General Company for Construction Materials Trade at the Ministry of Trade, in partnership with the private sector.

During the opening ceremony, Al-Sudani emphasized that the project contributes to providing building materials at competitive prices and convenient installments to citizens, particularly targeted groups such as retirees, those covered by the social security network, martyrs' families, and employees.

The Prime Minister praised the efforts of the Ministry of Trade and those behind the project, considering the "Made in Iraq" concept a working method for restoring prestige to national industry, given the "real revolution" the construction sector is witnessing, both through state projects and at the investment level.

Al-Sudani directed a coordination workshop to be held among relevant authorities to establish a mechanism enabling citizens to obtain loans and building permits, while also securing the construction materials they need to build a home.

He pointed out that the government has adopted a cooperative approach, with public sector participation, to control commodity prices, starting with food items through the "hypermarket" project, and now in the construction sector through the "construction basket."

He explained that the project provides construction materials in accordance with Iraqi standard specifications and supports housing projects by granting investment licenses for approximately one million housing units, in addition to initiatives by the Housing Fund and the Real Estate Bank.

He explained that sovereign guarantees for the private sector focused on industrial sectors, with facilities for investors in constructing various factories. He emphasized the continuation of work with the Federation of Industries and Contractors, and the empowerment of the private sector as a partner in meeting market needs and providing job opportunities.

Al-Sudani concluded by pointing out the need to extend this experience to other governorates, starting with Nineveh and Basra.  link

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Tishwash:  Integrity: Iraq joins Beijing's Clean Silk Road Initiative

The Federal Integrity Commission announced, on Tuesday (June 24, 2025), Iraq's accession to the "Beijing Clean Silk Road Initiative," indicating that this comes in implementation of Article (3/6) of the Memorandum of Understanding concluded between the Commission and the National Oversight Commission of the People's Republic of China.

In a statement received by Mawazine News, the Commission stated that "the cooperation and coordination between the Commission and the Embassy of the People's Republic of China in Baghdad culminated in joining the initiative after completing the procedures," explaining that this will contribute to strengthening international relations and highlighting the Commission's efforts, endeavors, activities, and achievements in the field of combating corruption.

It noted the confirmation of the National Oversight Commission of the People's Republic of China of its readiness to enhance cooperation and joint work with the Commission in the field of combating corruption and law enforcement, to build a Clean Silk Road.

She noted the Commission's welcome and announcement that Iraq has become the eighteenth country to join the initiative, which aims to enhance transparency, financial and intellectual cooperation, develop governance and laws, and promote oversight and legal awareness. It also aims to establish a closer network for cooperation in the field of justice and law enforcement, exchange expertise and information, develop human resources, pursue fugitives, and reject safe havens for fugitives and illicit assets.

The Commission added that the initiative calls for the signing of bilateral treaties on extradition and mutual legal assistance, based on international agreements, and the exchange of information and expertise between relevant anti-corruption agencies. It also calls for launching highly effective anti-corruption cooperation, promoting self-discipline, legal awareness, and a sense of responsibility, and enacting laws to combat corruption and combat bribery, with the aim of creating a sound relationship between governments and companies.  link

Mot: Soooooooo -- How HOT is it!!! -- Today!!!!

MilitiaMan and Crew: Iraq Dinar-Restore Global Balance-In the Chief Justice Hands

MilitiaMan and Crew:  Iraq Dinar-Restore Global Balance-In the Chief Justice Hands

6-24-2025

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

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

https://www.youtube.com/watch?v=Db0mGXPcAYc

Iraq Economic News and Points To Ponder Tuesday Afternoon 6-24-25

Al-Sudani Directs The Ministries Of Finance And Planning To Expedite Financing And Disbursement Procedures.

Economy | 06/24/2025  Mawazine News - Baghdad:  Prime Minister Mohammed Shia Al-Sudani directed the Ministries of Finance and Planning to expedite the completion of financing and disbursement procedures for government projects and programs.

Al-Sudani's government office said in a statement received by Mawazine News, "Prime Minister Mohammed Shia Al-Sudani chaired a meeting today, Tuesday, to approve the schedules of dues for the ministries' investment projects.

" The meeting reviewed "the basic details of the projects, as the final schedule was approved to release (2) trillion dinars to cover the ministries' investment plan projects in accordance with the relevant Cabinet decision, which was issued in the twenty-second session of this year, noting that (1.4) trillion dinars were released for investment projects in the governorates, and the Prime Minister directed the Ministries of Finance and Planning to expedite the financing and disbursement procedures."

The statement explained that "this step comes as confirmation of the government's direction towards completing its service projects, which will witness an acceleration in implementation and achievement, based on what was stated in the government program to develop the productive investment, service and economic sectors, in order to provide services to citizens." https://www.mawazin.net/Details.aspx?jimare=263028

Oil Prices Fall To Their Lowest Level In More Than A Week

Energy  Economy News – Baghdad  Oil prices fell sharply to their lowest levels in more than a week on Tuesday after US President Donald Trump announced a ceasefire agreement between Iran and Israel, easing fears of supply disruptions in the major oil-producing Middle East.

Brent crude futures fell $2.08, or 2.9%, to $69.40 a barrel, after earlier falling more than 4% and touching their lowest level since June 11.

U.S. West Texas Intermediate crude fell $2.03, or 3.0%, to $66.48 a barrel, after falling 6% to its lowest level since June 9 earlier in the session.

Trump announced on Monday that Israel and Iran had fully agreed to a ceasefire. If both sides adhere to the agreed-upon timelines, the war will officially end within 24 hours, bringing the 12-day conflict to a close.

"If both sides adhere to the ceasefire as announced, investors may expect oil prices to return to normal," said Priyanka Sachdeva, senior market analyst at Philip Nova.

"In the future, the extent to which Israel and Iran adhere to the terms of the recently announced ceasefire will play a significant role in determining oil prices," she added.

Iran is OPEC's third-largest crude oil producer, and de-escalation will allow it to export more oil and prevent supply disruptions, a major factor in the rise in oil prices in recent days.

Oil prices fell more than 7 percent at settlement in the previous session, after rising to their highest levels in five months following the US attack on Iranian nuclear facilities earlier this week, which raised fears of an escalation in the Israeli-Iranian conflict.  https://economy-news.net/content.php?id=56560

Iraq Resumes Flights In The Southern Regions And Prepares To Open All Its Airports.

Money and Business   Economy News – Baghdad   The Ministry of Transport announced on Tuesday the opening of Iraqi airspace in the southern region to flights following the entry into force of the ceasefire between Iran and Israel.  The ministry said in a brief statement that work is underway to resume flights at all Iraqi airports.    https://economy-news.net/content.php?id=56563

Gold Prices Drop Sharply In Baghdad

Stock Exchange  Economy News – Baghdad  Foreign and Iraqi gold prices fell in local markets in the capital, Baghdad, on Tuesday (June 24, 2025).

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price of 664 thousand dinars per mithqal of 21 karat Gulf, Turkish and European gold, and a purchase price of 660 thousand dinars. Yesterday, Monday, it recorded 678 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 634,000 Iraqi dinars, and the buying price was 630,000 Iraqi dinars.

As for gold prices in jewelers' shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 665,000 and 675,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 635,000 and 645,000 dinars.   https://economy-news.net/content.php?id=56567

The Dollar Price Is Falling In Baghdad.

Economy | 12:59 - 06/24/2025  Mawazine News - Baghdad -  The dollar exchange rate witnessed a decline on Tuesday in local markets in three Iraqi governorates.  The selling price in Baghdad reached 143,500 Iraqi dinars for $100, while the buying price reached 142,250 Iraqi dinars.  https://www.mawazin.net/Details.aspx?jimare=263030

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

Philadelphia Man Lost Over $1M In Back-To-Back Scams

Philadelphia Man Lost Over $1M In Back-To-Back Scams — Here Are The Red Flags To Watch Out For

Vawn Himmelsbach  Tue, June 24, 2025  Moneywise

Joe Subach was just trying to send some money to a friend. But one phone call later, with a woman named ‘Daisy,’ and his financial situation was forever changed.

Subach was the victim of two back-to-back scams — one that even involved him handing over his precious metals to money mules — that drained him of a whopping $1 million.

“I worked 43 hard years for that,” he told NBC10 News Philadelphia.

It started out with a simple online search for Apple’s customer support number to get help sending money to a friend via Apple Pay. When he called the number, a woman picked up and said her name was Daisy, from Apple.

What he didn’t realize until later — when it was too late — is that he called a phony number and Daisy was a fraudster.

How the back-to-back scams worked

In this case, Subach was the victim of a double fraud, starting with a customer service scam and then progressing into a romance scam.

When he first called the number, he says ‘Daisy’ told him that his account had been hacked and his identity had been compromised. She then told him he needed to buy gift cards, scratch off the backs and send her the numbers, which was part of the process to protect his money.

But the scam didn’t end there. Daisy told Subach that they’d have to monitor his phone 24/7.

“And so, her number was scrolling at the top of my phone the whole time,” he told NBC10.

Over the next few months, the customer service scam evolved into a romance scam where the two would text every day — even cooking meals at the same time and sharing photos of their food.

After earning his trust, ‘Daisy’ took the scam one step further by offering to protect all of his assets.

“I told her I have gold and silver with Equity Trust Company,” Subach told NBC10. ‘Daisy’ then told him to take all of his gold and silver out of his depository and she’d have someone come to his house and pick it up. Subach said he loaded his own gold and silver — valued at $780,000 — into the back of the vehicle.

The person driving the vehicle was likely a money mule, a person who is recruited to transfer stolen or illicit funds (or, in this case, precious metals).

“We look at the money mule dynamic in two different buckets,” Nicole Senegar, the FBI assistant special agent in charge in Philadelphia, told NBC10, explaining that sometimes they are in on the scam, taking a cut, but in other cases they can be unwitting victims.

According to the United States Attorney’s Office, “Fraudsters rely on money mules to facilitate a range of fraud schemes, including those that predominantly impact older Americans, such as lottery fraud, romance scams and grandparent scams.”

How to protect yourself

TO READ MORE:  https://www.yahoo.com/lifestyle/articles/philadelphia-man-lost-over-1m-121700131.html

FRANK26…6-24-25….GLOBAL BALANCE

KTFA

Tuesday Night Conference Call

FRANK26…6-24-25….GLOBAL BALANCE

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=idW8GGSbX5A

Nations Pull Gold from U.S. as War Looms and Debt Spirals

Nations Pull Gold from U.S. as War Looms and Debt Spirals

Taylor Kenny:  6-24-2025

Includes facts about World War 2, Vietnam War and Iraq War

War isn't random—and neither are the financial consequences. From WWII to Vietnam to Iraq, the same pattern emerges: fiat fails, markets crumble, and gold protects.

This video reveals how gold repeatedly outperforms during geopolitical chaos—and what that means for the next crisis.

CHAPTERS:

0:00 Economy During War

 1:08 Dow Jones

 3:08 Gold Holds Value

5:37 Vietnam War

10:35 Iraq War

13:48 Gold Protects You

https://www.youtube.com/watch?v=JLmh7qxCKqs