“Zeus” Just Made The Most Predictable Crisis In History Even Worse
“Zeus” Just Made The Most Predictable Crisis In History Even Worse
Notes From the Field By James Hickman (Simon Black) June 30, 2025
It was September 29, 2021— nearly four years ago— that then House Speaker Nancy Pelosi held a press conference about their $3.5 trillion “Build Back Better” spending bonanza.
Despite the outrageously high price tag, Pelosi told reporters at the presser, “the dollar amount [of the Build Back Better bill], as the President said, is zero.”
“Zeus” Just Made The Most Predictable Crisis In History Even Worse
Notes From the Field By James Hickman (Simon Black) June 30, 2025
It was September 29, 2021— nearly four years ago— that then House Speaker Nancy Pelosi held a press conference about their $3.5 trillion “Build Back Better” spending bonanza.
Despite the outrageously high price tag, Pelosi told reporters at the presser, “the dollar amount [of the Build Back Better bill], as the President said, is zero.”
She then made a little circle with her right thumb and index finger to emphasize her point, pivoting to all the cameras from left to right as if to insist that there was no cost to her $3.5 trillion legislation.
Yet despite defying every arithmetical and logical postulate known to man, the Left went on to repeat this idiotic lie.
“My Build Back Better Agenda costs zero dollars,” tweeted Joe Biden. The bill “will cost zero dollars” said Press Secretary (now MSNBC host) Jen Psaki.
Those on the political Right justifiably lost their minds over such intellectual dishonesty. So it’s ironic that they’re now doing the same thing with their own multi-trillion dollar “One Big Beautiful Bill”.
The Congressional Budget Office’s analysis shows that the One Big Beautiful Bill will add $3 trillion to the national debt over the next decade—on top of the other ~ $22 trillion that they already expect to be added to the national debt between now and 2034.
Well, the Senate’s current rules state that any legislation which adds $3 trillion to the national debt must automatically be subject to more onerous voting requirements.
And these stricter voting requirement will make it almost impossible to advance the legislation through the Senate.
As a result, the Right has decided to do what the Left did in 2021—make up a new form of mathematics to pretend that the bill costs nothing.
Senate Budget Committee chairman Lindsey Graham is in charge of the faux-math: “I’m the king of the numbers,” he declared to reporters. “I’m Zeus, the budget king.”
Something tells me that ‘Zeus’ won’t be awarded the Fields Medal anytime soon for his mythological mathematics.
Now, don’t get me wrong— I like tax cuts. They’re almost always great for growth, which the US economy desperately needs.
But tax cuts alone don’t get the job done unless there are commensurate spending cuts too. Otherwise the deficits will continue to grow, and America’s fiscal crisis will become ever closer.
We’re written about this a LOT: the United States is headed for a serious crisis— which we project will take place in 2033 at the latest.
Irresponsible, reckless spending is the primary reason why. The US already has a $36 trillion national debt (that is set to explode higher this summer). Even today, the interest bill on the US national debt costs $1+ trillion per year, more than 20% of tax revenue.
By 2033, the government itself projects that the national debt will be at least $55 trillion. At that point, based on their own forecasts, the Treasury Department could spend >40% of tax revenue just to pay interest on the debt.
Oh, and that same year— 2033— Social Security’s biggest trust fund will run out of money, causing an immediate and permanent cut to benefits.
The government will have one way out at that point: pressure the Federal Reserve to expand the monetary base, i.e. to “print” tens of trillions of dollars in order to fund government and prop up Social Security... resulting in a crippling level of inflation.
This is one of the most predictable yet preventable crises in human history. But Congress is not only doing nothing about it, they’re making it worse.
There is another way— one that is conceptually simple.
For starters, Congress could actually do its job and spend responsibly. It’s not like there isn’t a mountain of waste to cut.
They also need to pass much-needed reforms to both Social Security and immigration; the country would be better off if there were an efficient way for smart, talented, law-abiding, hard-working people to become legal residents.
The executive branch, meanwhile, would need to undo mountains of red tape and regulatory sludge that it dumped onto the economy over the past few decades.
I’ve written about this before— “Liberation Day” should have been the day that countless pages of useless, job-killing, productivity-killing regulations were eliminated. This can still happen.
Most importantly, the entire federal government needs to stop its make-believe accounting and show the world (plus American voters) that they are trusted, serious professionals.
It’s bad enough that the US has to sell $2 trillion worth of additional debt each year to fund its annual deficits.
But that’s not even close to the real requirement.
Over the next twelve months, roughly $9 trillion worth of existing US debt securities will mature; this was money that the government borrowed years ago... and will soon come due.
In theory the government has to pay that money back. Naturally they don’t have the funds to do so... so instead they’ll borrow new money to pay back the old loans... essentially refinancing $9 trillion worth of the national debt over the next twelve months.
So realistically they must sell ~$11 trillion in debt over the next twelve months: $9 trillion to refinance existing debt, plus another $2 trillion to cover this year’s budget deficit.
$11 trillion is an enormous amount of money... which means they’ll need every investor possible ready and willing to buy US government bonds.
And that’s a problem. Because right now, foreigners (which own a HUGE chunk of the debt) are aggressively backing away from US government bonds.
That’s a big part of why gold keeps going up—foreign governments and central banks are dumping their US government bonds and buying gold instead.
And who can blame them? It’s hard to take a guy seriously who refers to himself as Zeus and makes up his own arithmetic.
Would you lend money to someone who doesn’t know the difference between ‘free’ and a $2 trillion deficit?
If Washington wants to attract capital and stabilize the economy, they have to start acting like grown-ups. Demonstrate to the world that they can tackle hard problems, cut spending, and govern responsibly.
And right now, they aren’t doing any of that.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
More News, Rumors and Opinions Monday PM 6-30-2025
Gold Telegraph: BIS Warns of Pivotal Moment in the Global Economy
6-30-2025
Several life insurers in India are seeking approval to invest in gold exchange-traded funds (ETFs). Another trend appears to be unfolding.
The President of the United States is encouraging the leader of the Federal Reserve to resign. Well… The pressure is on.
According to the Bank of America, bearishness on the U.S. dollar hit a 20-year high among global fund managers in May.
Note: The world’s second and third largest sovereign gold holders are now considering bringing their gold back home from the U.S.
Gold Telegraph: BIS Warns of Pivotal Moment in the Global Economy
6-30-2025
Several life insurers in India are seeking approval to invest in gold exchange-traded funds (ETFs). Another trend appears to be unfolding.
The President of the United States is encouraging the leader of the Federal Reserve to resign. Well… The pressure is on.
According to the Bank of America, bearishness on the U.S. dollar hit a 20-year high among global fund managers in May.
Note: The world’s second and third largest sovereign gold holders are now considering bringing their gold back home from the U.S.
The movie continues to play.
Global gold reserves from central banks just hit 36,000 tonnes. This is approaching levels not seen since the Bretton Woods era in the 1960s.
Back then, gold anchored the world financial system. Do you think it’s a coincidence?
The Bank for International Settlements is warning that we have entered a pivotal moment in the global economy, marked by rising uncertainty and declining trust in institutions like central banks. This is the central bank for central banks.
Trust is fading.
Central banks move markets. Mineral belts move empires. Many people still do not understand this fact. They will eventually.
Source(s): https://x.com/GoldTelegraph_/status/1938665207582068880
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Article: “IRAQ IS DEVELOPING PLANS TO DEVELOP ITS TRADE POLICY LOCALLY AND GLOBALLY.” Quote: "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."
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Television is reminding us Iraqi citizens that starting July 1st all government agencies will not accept any cash payments...The government will not be dealing in any form of cash. We're going digital. FRANK: July 1st is interning. The CBI already does not allow you to use American dollars anymore. Now they're not even going to allow you to use your 3-zero notes. They want you to go digital...You can't use physical cash? If that's true then that means the security and stability of your lower notes has been established...1310 electronically makes no sense to me...
From Recaps Archives
15 Things To Do If You Get Rich All of a Sudden
Alux: 2020
In this Alux.com video we'll try to answer the following questions:
What should you do if you gen rich all of a sudden?
What do to if you inherit money?
How to manage a large sum of money?
What should you do if you get rich?
What do to if you win the loto?
How to manage wealth?
How to get wealthy?
How to maintain being rich?
How to keep your wealth?
How not to lose money?
Why do people go broke after they went rich?
How do people lose money?
What if you inherit a fortune?
I just inherited a million dollars, what do I do?
How to you being investing money?
What you should know about money?
Seeds of Wisdom RV and Economic Updates Monday Afternoon 6-30-25
Good Afternoon Dinar Recaps,
BRICS Aims To Topple US Dollar With a Currency That Doesn’t Exist
While headlines claim that a new BRICS currency is poised to dethrone the U.S. dollar, the reality tells a very different story: the currency doesn’t exist—at least not yet. What is being presented as a revolutionary step in de-dollarization is, for now, a political spectacle without substance.
Good Afternoon Dinar Recaps,
BRICS Aims To Topple US Dollar With a Currency That Doesn’t Exist
While headlines claim that a new BRICS currency is poised to dethrone the U.S. dollar, the reality tells a very different story: the currency doesn’t exist—at least not yet. What is being presented as a revolutionary step in de-dollarization is, for now, a political spectacle without substance.
A Currency Born From Hype—Not Policy
During the 16th BRICS summit in Kazan, Russian President Vladimir Putin unveiled what appeared to be a new BRICS banknote. The dramatic reveal sparked headlines and speculation about a fast-tracked effort to create a common currency for cross-border trade.
However, after inquiries from journalists, officials clarified that the bill was merely a mock-up, a publicity stunt with no real monetary backing. According to sources close to the event, the display was designed to “grab eyeballs,” rather than mark any true policy milestone.
In truth, no such BRICS currency exists—and no concrete development is underway.
India Confirms: Currency Talks Are Still in Infancy
Adding to the confusion, India’s BRICS Sherpa recently admitted that talks on a shared currency are still in “very early stages.” No drafts have been circulated. No frameworks have been agreed upon.
And more importantly, India has already signaled strong opposition to a shared banknote with China. Officials in New Delhi have expressed concerns that such an arrangement would serve Beijing’s interests disproportionately—undermining India’s own monetary autonomy and risking significant economic repercussions.
“India cannot support a currency that helps China undermine the U.S. dollar while harming its own economic base,” analysts noted.
Internal Friction Undermines BRICS Currency Ambition
Despite public declarations of unity, deep cracks within the BRICS bloc threaten the future of any shared currency:
▪️ India opposes China-led monetary dominance.
▪️ No operational design or reserve structure has been proposed.
▪️ National interests remain divided across economies that rely on USD-based trade.
Even if the BRICS currency materializes in the future, internal disunity could doom it from the start. Without alignment from key players like India, any such currency may lack credibility and liquidity in global markets.
Conclusion: BRICS Currency Remains a Phantom
The BRICS alliance may be vocal about challenging the U.S. dollar’s supremacy, but as of now, their most potent weapon—a shared currency—is purely fictional. The Kazan summit offered more theater than substance, and the much-hyped “BRICS banknote” remains a symbolic gesture rather than a real instrument of change.
For now, the BRICS currency is more myth than monetary threat.
@ Newshounds News™
Source: Watcher.Guru
~~~~~~~~~
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Thank you Dinar Recaps
The Hidden Financial Reset: How Basel III Quietly Divided the World
The Hidden Financial Reset: How Basel III Quietly Divided the World
Miles Harris: 6-30-2025
It’s not de-dollarization. It’s not collapse. It’s a redesign — a regulatory one — that’s driving a hidden financial reset.
No tanks. No headlines. Just a quiet change in banking rules — and suddenly, the global financial system is reset into two.
Basel III flipped the script. In the West: gold sidelined, debt supercharged.
In the East: a quiet buildup of gold and digital escape hatches. Two systems. One breaking point?
The Hidden Financial Reset: How Basel III Quietly Divided the World
Miles Harris: 6-30-2025
It’s not de-dollarization. It’s not collapse. It’s a redesign — a regulatory one — that’s driving a hidden financial reset.
No tanks. No headlines. Just a quiet change in banking rules — and suddenly, the global financial system is reset into two.
Basel III flipped the script. In the West: gold sidelined, debt supercharged.
In the East: a quiet buildup of gold and digital escape hatches. Two systems. One breaking point?
Since the 2008 financial crisis, banking regulation has gone through a quiet revolution. It didn’t make headlines. It didn’t trigger protests. But it redrew the incentives that shape how central banks and commercial banks manage money — and it did so in a way that now reveals a growing divergence between East and West.
00:00 Intro
01:23 Basel II Vs. Basel III
04:23 The Strategic Impact
04:58 Summary of the Regulatory Shift
06:53 The Bigger Picture
07:53 Summary
Monday Coffee with MarkZ. 06/30/2025
Monday Coffee with MarkZ. 06/30/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Monday Mark, Mods and Rv’ers
Member: It’s the last day of June. Tomorrow is the first day of the third quarter and the day Basel 3 banking laws are supposed to start worldwide.
Monday Coffee with MarkZ. 06/30/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Monday Mark, Mods and Rv’ers
Member: It’s the last day of June. Tomorrow is the first day of the third quarter and the day Basel 3 banking laws are supposed to start worldwide.
Member: Is today our day????
MZ: that’s a heck of a question. I will tell you what I am hearing. I did get a bond update this morning which is unusual for a Monday morning.
MZ: There are some folks with some “historical assets” that are very set with appointments and timing. . Including really big transfers. I am waiting for another update today. These appointments will happen this week. I do not know times for security…..it’s big money. One of these deals is a trillion dollars that is expected to close this week.
MZ: buckle up folks. When it goes…..we will also go pretty soon……. I am upbeat but trying to stay calm.
Member: It is interesting to me that Trump mentioned a deadline of July 9th and the Iraqi Parliament is supposed to go back into session on July 9th
Member: My bank sent me an email last Friday stating that as of 07-14-2025 all financial institutions will adopt ISO 20022.
Member: There is a big BRICS meeting July 6-7
Member: Mark, has your bankers talked about the USN notes?
Member: New Message from credit union, "coming soon'--view all your accounts in one login, streamlined, secure, personalized digital accounts to handle all your banking needs.
Member: Bank story. Neighbor laid off along with others ...Bank said moving to Financial assistance instead of banking service
Member: Is the belief that the RV happens after an economic crash because it’s the final blow to the cabal bankers or does the RV happen just at any moment?
Member: Wish we knew
Member: Mark! Now that the oil is supposedly flowing in the middle east for the Kurdistan region, did they not have to approve the rate prior to the flow?
MZ: “Iraq is witnessing security, stability and economic progress today” these are some of the sound bites we were told to look for- just before they changed their value.
MZ: ” The Budget is behind the walls of the government and awaiting release. Parliament is awaiting” They are now saying it is complete and Sudani is to release it.
MZ: I have told you my theory that Sudani has been holding up the budget waiting for the rate change. To me this makes the most sense.
Member: Dear Sudani please make that soon
Member: Iraq goes digital tomorrow, hopefully new rate tomorrow
Member: (From Dinar Guru) Walkingstick [Iraqi Bank friend Aki update] AKI: Three meetings. The last meeting lasted two hours. My boss tells me, 'I need you back at the bank [In Dearborn Michigan] this Monday because we are waiting on the new exchange rate.' I have to go back because we're waiting for the new rate. WALKINGSTICK: That's the only thing they're waiting for. They already got all the banking software in place, ATM machines, the bank structures, all the bank regulations are set...
MZ: I am hearing similar things from my contacts…I am just trying to stay calm right now.
MZ: Some IRS news. Their deferred resignation day is today. This is where employees can take advantage of “early retirement” some are reporting that up to 50% of collection staff are leaving and taking that early resignation. So a mass exodus is expected at the IRS today.
Member: I live in a small town…closest big town is 3 hours away…..wondering how far I will have to go to exchange?
MZ: I was told 90% of the population of the US would have redeeming banks/redemption centers within 50 miles
Member: IMO its worth a long drive…..my car is gassed up and ready to go.
Member: when the rate changes-will it be on the CBI or forex first?
MZ: If they do it like they did in Kuwait-neither. Kuwait quietly went- but did not publicly release rates for 10 days. I do not think they can do that in today’s internet world. My guess is it will show on the CBI site just moments before its on forex. This is just a guess.
Member: Im hoping we get our big day on July 4th…..the fireworks would be epic to celebrate our RV!!!
Member: Thanks all Mods for being here for all of us
Member: Have a great day. Everyone stay safe and cool.
Member: JUST SO YOU KNOW> > >THERE IS NO PODCAST TONIGHT> > SO SWEET DREAMS TO YOU!!!
Ron the inventor joins the stream after the news. Listen to the replay for his information
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS! FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS
News, Rumors and Opinions Monday 6-30-2025
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 Mon. 30 June 2025
Compiled Mon. 30 June 2025 12:01 am EST by Judy Byington
Judy Note: (Opinion/rumors)
A huge step will be taken toward Freedom and Independence for the common citizen when Trump’s “Great Big Beautiful Bill” is finally passed by Congress. Such will complete demise of the Deepstate Globalist’s Federal Reserve and IRS – already ruined by the military’s reclamation of $17 trillion worth of gold from Asia and Europe.
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 Mon. 30 June 2025
Compiled Mon. 30 June 2025 12:01 am EST by Judy Byington
Judy Note: (Opinion/rumors)
A huge step will be taken toward Freedom and Independence for the common citizen when Trump’s “Great Big Beautiful Bill” is finally passed by Congress. Such will complete demise of the Deepstate Globalist’s Federal Reserve and IRS – already ruined by the military’s reclamation of $17 trillion worth of gold from Asia and Europe.
This stolen gold was returned to safe depositories around the World, but mainly to the new US Treasury – where it made the new gold/asset-backed US Note become part of the World’s Quantum Financial System (QFS).
Establishment of the QFS began in earnest back in 2008 with the so-called Mortgage Crisis – which was in reality finalization of the Deepstate Cabal’s bankruptcy on the fiat US Dollar. The BRICS nations (Brazil, Russia, India, China and South Africa) got together and decided the fiat US Dollar wasn’t working as a basis for international trade. So, they evaluated the worth of 209 nation’s currencies according to the individual country’s natural resources and gold holdings.
Now with the fiat US Dollar officially dead and buried, along with the Federal Reserve and IRS’s demise, upon Congressional passage of Trump’s “Great Big Beautiful Bill,” the final piece of the puzzle would be in place for that GCR to take place.
Passage of the “Beautiful Bill” would effectively eliminate the fiat US Dollar and erase illegitimate debt and interest linked to fiat currency. The Bill also would allow a Quantum Access Card to be legally recognized for citizen access to the new Quantum Financial System. Most important, the Bill would eliminate US income tax, while switching America’s tax base to a tariff-based income from purchases on new items only – none on food or medicine.
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Wed. 25 June A2Z Update: A2Z Dreamz Team has vetted and believes all updates in this summary to be true:
Forex Activity: Rate suppression appears to be lifted. New rates have been briefly visible on multiple platforms. The system has passed the point of no return.
Funding Underway
• Mr. Salvage: Pentecostal group is (allegedly) actively dispersing funds.
• MarkZ: Bond holders are (allegedly) being paid today.
• Zester: Travel funds are (allegedly) being dispersed.
• Military confirmation: (allegedly) Bondholders are fully liquid; whales and 4A SKRs are next.
Reno Movement: Increased private jet traffic reported
Trigger Groups: trigger groups have(allegedly) been activated and are receiving funds
4A & 4B expected to roll out within minutes or hours of each other.
• Large firms and banks confirm liquidity is in place.
• Bankers say everything is complete — no further delays expected.
• If not released now, a restart would be required, which markets won’t allow.
~~~~~~~~~~
New Quantum Financial System:
Sat. 28 June 2025: BREAKING INTEL: MILITARY GESARA EXECUTES THE GREAT RESET BLUEPRINT — 30+1 CLASSIFIED PROTOCOLS EXPOSED – amg-news.com – American Media Group
Fri. 27 June 2025: https://dinarrecaps.com/our-blog/emergency-massive-silver-delivery-failure-coming-in-72-hours
Read full post here: https://dinarchronicles.com/2025/06/30/restored-republic-via-a-gcr-update-as-of-june-30-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 They are on high alert starting this Monday.... Could be Tuesday...Wednesday...I don't know...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're saying right now on TV the deal they were working on [with Kurdistan] is imminent and it will settle all disputes on oil and salaries. If that is true we have a new rate because that's the only reason why there was a dispute. FRANK: The only thing that can settle all of these disputes in your country is the removal of Iran's politicians which has been accomplished. The only way to settle it now is by making money.
FRANK26….6-29-25….ALOHA….FLOWING
SILVER ALERT! Riggers Brace for July Deliveries! Ready to LEASE Silver to Naked Shorts!
(Bix Weir) 6-28-2025
The COMEX con is never ending as Silver Leasing to COMEX naked shorts has been the best way for the Riggers to "Kick the Can" into the next month! If it works again then they lose even MORE PHYSICAL SILVER!
Iraq Economic News and Points To Ponder Monday Morning 6-30-25
From The Central Bank: Initial Indications Of An Impending Economic Recession In Iraq
Baghdad Today – Baghdad Economic expert Manar Al-Obaidi revealed on Thursday (June 26, 2025) that the Central Bank of Iraq recorded a 4% decline in total US dollar sales during the first five months of 2025, compared to the same period in 2024. He warned that this decline could be an early indicator that the Iraqi market is entering a recession.
From The Central Bank: Initial Indications Of An Impending Economic Recession In Iraq
Baghdad Today – Baghdad Economic expert Manar Al-Obaidi revealed on Thursday (June 26, 2025) that the Central Bank of Iraq recorded a 4% decline in total US dollar sales during the first five months of 2025, compared to the same period in 2024. He warned that this decline could be an early indicator that the Iraqi market is entering a recession.
Al-Obaidi said, in a clarification followed by "Baghdad Today," that "the Central Bank's total dollar sales amounted to $31.5 billion during the first five months of 2025, a decrease of approximately $1.3 billion compared to sales during the same period in 2024, which amounted to $32.9 billion."
He pointed out that "the decline was primarily concentrated in cash dollar sales, which fell by 17%,
reaching only $1.3 billion compared to $1.55 billion last year, while dollar sales via the "Currency Balances Enhancement" mechanism saw a 38% increase, reaching $30.2 billion, compared to $21.9 billion in the corresponding period."
Al-Abidi added, "The direct foreign transfer mechanism, previously used under what is incorrectly known as the 'auction,' has completely halted this year, after recording $9.4 billion in the same period in 2024."
He explained that "dollar sales used to settle international payments via electronic cards declined from $1 billion in January to just $261 million in May, due to restrictions imposed by the Central Bank and the inability of some banks to complete settlements."
Al-Obaidi emphasized that "this decline in sales, despite the decline in the exchange rate on the parallel market, reflects a decline in commercial demand and economic activity, which increases the likelihood of an economic recession, especially with inflation rates falling to 1.1% in April 2025, the lowest level in years." https://baghdadtoday.news/277366-.html
The Central Bank Concludes A Course On Basic Standards For Detecting Counterfeit Currency.
June 29, 2025 The Central Bank of Iraq's Basra branch concluded the "Basic Standards for Detecting Counterfeit Currency" course. The course, organized by the Central Bank's Banking Studies Center, lasted three days, from June 23-25, 2025.
The course was attended by 13 government and private banks from the southern governorates.
It also covered key aspects related to recent developments in detecting counterfeit currency and its basic standards.
For their part, the participants praised the training courses organized by the Central Bank of Iraq for their significant impact on developing their job performance. Central Bank of Iraq Media Office June 29, 2025 https://cbi.iq/news/view/2921
Iraq Seeks To Reduce Gas Flaring To Zero.
Energy The Ministry of Oil announced on Wednesday the government's efforts to
increase associated gas investment rates and
reduce flaring rates,
achieving zero flaring, while also
increasing liquefied natural gas production and exports to
generate additional revenue for the state treasury.
“The government and the ministry are keen to
increase the investment rates of associated gas from oil fields and work to
reduce gas flaring to low levels, leading to
zero flaring in the next few years,
in addition to
increasing the production and export rates of liquefied gas to
generate additional revenues for the state treasury,” said Ezzat Saber Ismail, Undersecretary of the Ministry of Gas Affairs, during a leadership meeting for the gas sector, attended by heads of relevant companies and departments at the ministry’s headquarters.
He added, "The gas investment sector has achieved advanced levels of production, as national companies have been able to raise gas investment quantities to 71%, through the implementation of a number of projects that aim to achieve the Ministry's plans in this regard."
He pointed to "the interest the gas sector receives from Prime Minister Mohammed Shia al-Sudani and Oil Minister Hayan Abdul-Ghani al-Sawad," expressing his hope that
"the ministry will achieve its goals through projects implemented by national companies in cooperation with specialized international companies, particularly in the Maysan, Buzurgan, Gharraf, and Nasiriyah fields in Dhi Qar, Artawi, Nahr Bin Omar, and the integrated gas project with Total in Basra, in addition to the projects of the fifth licensing rounds."
The Undersecretary of the Ministry stressed the
"need to enhance liquefied natural gas storage capacity by
accelerating the implementation of ongoing and planned projects in a number of governorates,
in order to strengthen the integrated infrastructure of this sector,
which has witnessed significant achievements in projects to
increase production, storage, export capacities, and distribution outlets." He explained that
"the Ministry has recently succeeded in implementing a number of gas pipeline projects to power plants, which aim to achieve high flow rates in the transport and pumping of gas."
The statement added, "The meeting included a review of the
projects being implemented within the ministry's programs and plans, the
percentages of completion achieved, dry and liquid gas production rates,
storage energy projects, the pipeline network, and
gas transportation to power plants, in addition to the topics included on the agenda."
views 143 Added 06/25/2025 - https://economy-news.net/content.php?id=56606
The Dollar Continues To Decline In Baghdad Markets.
Economy | 11:54 - 06/29/2025 Mawazine News - Baghdad - The US dollar exchange rate witnessed a slight decline in Baghdad's local markets on Sunday.
The dollar price fell on the Al-Kifah and Al-Harithiya stock exchanges to 141,250 Iraqi dinars for every $100, while yesterday, Saturday, it recorded 141,300 dinars for every $100.
The selling prices in the exchange sector in Baghdad's local markets also recorded stability, as the selling price reached 141,300 Iraqi dinars for every $100, and the buying price reached 140,800 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=263230
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Seeds of Wisdom RV and Economic Updates Monday Morning 6-30-25
Good Morning Dinar Recaps,
The End of Bank Branches: How Europe’s Digital Euro and Stablecoins Are Reshaping Finance
The financial world is undergoing a radical digital shift—and physical bank branches are quickly becoming obsolete.
Banking Faces a Digital Reckoning
The slow disappearance of local bank branches across Europe reflects a much deeper transformation. Digitalization, AI, and automation are now reshaping how we work, shop, and save—leaving traditional banking struggling to keep pace.
Good Morning Dinar Recaps,
The End of Bank Branches: How Europe’s Digital Euro and Stablecoins Are Reshaping Finance
The financial world is undergoing a radical digital shift—and physical bank branches are quickly becoming obsolete.
Banking Faces a Digital Reckoning
The slow disappearance of local bank branches across Europe reflects a much deeper transformation. Digitalization, AI, and automation are now reshaping how we work, shop, and save—leaving traditional banking struggling to keep pace.
▪️ In Germany, over 560 branches were closed in 2023 alone, a 2.8% drop.
▪️ This is part of a decades-long contraction: from nearly 60,000 branches in the 1990s to just 18,933 today.
▪️ High rents, shrinking populations, and the dominance of e-commerce have hit brick-and-mortar services hard.
The quiet death of Germany’s bank branches is just one symptom of this evolution—but it's a global story now playing out in real time.
Deutsche Bank: Leading the Downsizing
In March, Deutsche Bank announced a wave of layoffs and branch closures.
“We are witnessing a fundamental transformation in the German banking sector,” said CEO Christian Sewing.
▪️ The bank will cut 2,000 jobs and shutter a “significant number” of branches this year.
▪️ Client consultations are moving to video calls and digital platforms, trading human interaction for efficiency.
This paradigm shift threatens the personal trust built through face-to-face banking—once considered the bedrock of retail finance.
Crushed by Policy, Not Just Progress
Technological change is not the only culprit. The European Central Bank’s (ECB) ultra-loose monetary policy has had devastating effects:
▪️ More than a decade of negative interest rates crushed banks’ ability to earn profit through traditional lending.
▪️ Banks were squeezed by regulatory costs, penalty interest, and flattened yield curves.
▪️ The ECB’s moves helped heavily indebted Eurozone countries like Spain, Italy, and France—but at the expense of private banks and savers.
The branch closures, layoffs, and pivot to digital aren’t just market-driven—they are also policy-driven.
Stablecoins and the Digital Euro: The Final Blow?
The next major disruption comes from stablecoins and the proposed digital euro—two innovations that could sideline banks entirely.
▪️ Stablecoins, pegged to fiat currencies, offer fast, low-cost global payments—no need for banks or wire transfers.
▪️ DeFi (Decentralized Finance) lets users transact via smart contracts, bypassing traditional credit and payment systems.
▪️ As adoption spreads, the need for checking accounts, branches, and bank-issued cards may vanish.
The digital euro, being developed by the ECB, may deliver the final push:
▪️ It’s programmable, blockchain-based, and bypasses commercial banks entirely.
▪️ Retail customers could hold digital euros directly in digital wallets—making bank intermediaries irrelevant.
▪️ Bank branches, long seen as hubs of trust and cash access, could become completely redundant.
A New Financial Era
Europe's digital currency ambitions and the rise of decentralized technologies signal a permanent departure from legacy banking infrastructure. In this new landscape:
Banking becomes faster—but more impersonal.
Traditional financial institutions lose control.
Retail customers migrate to central bank-backed platforms.
The local branch, once a staple of every town square, may soon be no more than a memory.
@ Newshounds News™
Source: ZeroHedge
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US Dollar Faces Historic Stress Test as BIS Issues Dire Warning on Global Fragility
The U.S. dollar, long considered the world’s most reliable safe haven, is facing a historic credibility crisis as global financial trust deteriorates. Amid rising policy turbulence in Washington, the Bank for International Settlements (BIS) has issued a stark warning on the fragility of the global economic order.
BIS: “New Era of Heightened Uncertainty”
At the BIS Annual General Meeting in Basel on June 29, General Manager Agustín Carstens declared that a once-promising recovery is now faltering.
“The global economy has entered a new era of heightened uncertainty,” Carstens warned, noting a reversal from earlier optimism driven by easing inflation and modest growth.
The catalyst: U.S. policy chaos. A sudden pivot toward broad-based tariffs and aggressive fiscal expansion has shocked global markets—undermining confidence and weakening the dollar’s standing.
Dollar Depreciates as Yields Rise—An Alarming Signal
“The US dollar depreciated even as government bond yields rose—an extraordinary, troubling combination,” Carstens stated.
▪️ Typically, rising yields strengthen the dollar.
▪️ This time, however, investors fled the currency, shaken by erratic policy shifts and unpredictable rhetoric from Washington.
▪️ Market volatility soared, and the dollar’s safe-haven image cracked.
Carstens added that discussions about penalizing foreign holders of U.S. securities, challenges to central bank independence, and legal system uncertainty further deepened the crisis.
Structural Risks and Global Fragility
Carstens emphasized that the world’s financial system was already under stress:
Weak productivity growth
Unsustainable fiscal positions
The rise of unregulated non-bank financial institutions (NBFIs)
Now, tariff-driven trade fragmentation is making matters worse, fueling inflation and limiting economic flexibility.
“These measures often fail to achieve intended goals and instead deepen structural challenges,” Carstens warned.
He called for credible reforms aimed at:
▪️ Reducing trade barriers
▪️ Improving regulatory clarity
▪️ Investing in public infrastructure to support sustainable growth
A Call for Financial Reform in the Digital Age
Carstens also turned his focus to emerging technological threats and opportunities:
“Major innovations like the entry of big tech into finance, central bank digital currencies, and artificial intelligence are challenging and reshaping the financial system.”
He warned that unregulated innovation could magnify systemic risk, particularly if NBFIs continue to operate without proper oversight.
To meet this moment, Carstens proposed a new global financial architecture built on:
▪️ Tokenized central bank reserves
▪️ Government bonds integrated into digital ecosystems
▪️ Stronger oversight parity between banks and non-banks
The goal: restore trust, increase transparency, and future-proof global finance.
Conclusion: A Turning Point for the Dollar
As market dynamics shift and investor confidence wanes, the dollar’s status as a global safe haven is being seriously questioned for the first time in decades. The BIS’s warning is clear: without serious reform, the world may be heading into a prolonged era of economic instability and fragmentation.
The dollar isn’t just facing market pressure—it’s confronting a global reckoning of trust.
@ Newshounds News™
Source: Bitcoin.com
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“Tidbits From TNT” Monday Morning 6-30-2025
TNT:
Tishwash: A significant decline in the volume of foreign loans, and Iraq is in the green side in international credit standards.
Iraq's external financial policy has improved its global credit rating, with external debt declining to approximately $10 billion. Despite the rise in domestic debt, economists assert that it poses no risk, thanks to the government's ability to set interest rates and schedule repayments.
The Iraqi government's foreign financial policy appears to be improving, as evidenced by a decline in foreign borrowing rates. This decline raises Iraq's global credit rating, which is based on the size of the debt and the country's ability to repay interest.
TNT:
Tishwash: A significant decline in the volume of foreign loans, and Iraq is in the green side in international credit standards.
Iraq's external financial policy has improved its global credit rating, with external debt declining to approximately $10 billion. Despite the rise in domestic debt, economists assert that it poses no risk, thanks to the government's ability to set interest rates and schedule repayments.
The Iraqi government's foreign financial policy appears to be improving, as evidenced by a decline in foreign borrowing rates. This decline raises Iraq's global credit rating, which is based on the size of the debt and the country's ability to repay interest.
Economist Abdul Rahman Al-Mashhadani says, "The decline in external debt is a positive indicator, and it is not measured in this year, but rather over the past three years, when it fell to less than $30 billion, putting Iraq in the green."
Meanwhile, figures show an increase in the value of domestic debt, which the government has borrowed from financial institutions to finance projects and cover the financial deficit in the annual budgets. However, economic readings confirm that domestic loans do not pose a risk, given that the government determines the interest rate and carefully sets the repayment schedule. However, they remain within the framework of debt that must be repaid. Based on this, the Parliamentary Finance Committee emphasizes the need to deal with the available financial liquidity.
Finance Committee member Moein Al-Kadhimi said, "Based on what the government has at its disposal, it must act within its limits. This way, there is no budget deficit, there is ongoing funding for projects, and no new projects are initiated, while simultaneously funding the operating budget."
The size of foreign loans amounts to approximately $10 billion, which currently places Iraq at a (B-) rating, given that the size of foreign loans for 2023 exceeded $20 billion. This means that this decline is attributed to the government's good handling of foreign loan repayments, placing Iraq at a better credit rating than before. link
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Tishwash: Kurdistan employees' salaries will be paid within the next two days.
An informed government source revealed, today, Sunday (June 29, 2025), that the federal government will pay May salaries to Kurdistan employees within the next two days.
The source told Baghdad Today, "The federal government will pay the salaries of the region's employees within the next two days, even before the oil agreement is finalized, for humanitarian purposes."
He added, "If an oil agreement is reached between Baghdad and Erbil, the audit and accounting department of the federal Ministry of Finance will review the lists sent by the regional Ministry of Finance, and within days, will release the June salaries."
He pointed out that "the federal government delegation pledged that the region's salaries would be paid monthly, along with those of employees in other Iraqi governorates, without a single day's delay, subject to the oil agreement and the delivery of 50% of domestic revenues, provided they are digitally deposited into the Ministry of Finance's bank account daily." link
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Tishwash: Iraq's trade landscape: The private sector accounts for the largest share of imports.
The Central Bank of Iraq announced, on Saturday, statistics on the volume of Iraq's imports for the first quarter of 2025.
The bank stated in its statistics that "Iraq's imports amounted to $21 billion and 363 million," indicating that "imports included both the government and private sectors."
He added that "government sector imports amounted to $1.377 billion, while private sector imports amounted to $19.985 billion."
He pointed out that "government imports included consumer imports, capital imports, petroleum product imports, other government imports, and currency printing," while "private sector imports included consumer imports and capital imports." link
Tishwash: You Can Visit between 1 and 5 PM....
Mot: and Another Way to Look at it!!
