Back to the Founders: Dr. Shelton on the Constitution, Gold, and the Future of the US Dollar

Back to the Founders: Dr. Shelton on the Constitution, Gold, and the Future of the US Dollar

In Gold We Trust: 5-10-2026

Gold near record highs. A weakening US dollar. An Iran crisis reshaping the global monetary conversation.

Against that backdrop, Dr. Judy Shelton shares her reflections on what a return to sound money could look like, and lays out a concrete path: a 50-year gold-backed bond, a US gold revaluation, and a quiet return to a gold-anchored system without a formal Bretton Woods II.

Watch this fascinating conversation between Dr. Shelton and Ronnie Stöferle, Managing Partner at Incrementum AG and co-author of the In Gold We Trust report, recorded on March 19, 2026.

Undoubtedly, as Dr. Shelton makes clear throughout the conversation, gold is not merely a commodity but a constitutional ideal, embedded in the original American vision of a dependable unit of account.

Drawing on Jefferson, Madison, Hamilton, and her own meetings with Secretary Bessent, she lays out a path toward what she calls a classical gold standard, take two.

https://www.youtube.com/watch?v=KUE3Nl4f3CQ

More “Iraq News” Posted by Tishwash at TNT 5-11-2026

TNT:

Tishwash:  The reason for postponing the vote on the cabinet today has been revealed.

Former MP Abdul Hadi Al-Saadawi revealed on Sunday the reasons for postponing the vote on the cabinet in the House of Representatives, attributing this to the failure of some political blocs to decide on their candidates for ministerial portfolios, which led to the inability to vote on the government formation today.

Al-Saadawi told Al-Furat News Agency, “It was likely that the Al-Zidi government would be given confidence today in the House of Representatives after all preparations were completed; however, the vote was postponed as a result of some political blocs not deciding on their candidates for the ministries.”

He added that "it is too early to announce the completion of the cabinet due to the existence of disagreements between the political blocs," indicating that "the absence of a fully empowered government is having a negative impact on the country."

Al-Saadawi pointed out that "there are major obstacles facing the prime minister-designate, even from within the coordination framework and the rest of the national space, which requires more consultation and effort to convince the blocs to proceed with presenting the cabinet and voting on it within the House of Representatives."

He pointed out that "Al-Zidi has a strong incentive to complete his cabinet through consultation and understanding with various political forces."

Regarding the challenges facing the new government, Al-Saadawi explained that "the first of these is the financial file," expecting "its move towards raising the exchange rate of the dinar to reduce the deficit in the 2026 budget," considering "this a difficult decision in addition to the security challenges in the region, especially the American-Iranian war and the repercussions it imposes on the country."

He concluded by saying that "the next government needs a clear economic and security vision to keep Iraq away from the region's conflicts."  link

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Tishwash: The Securities Commission grants the first license to a foreign brokerage firm to operate in Iraq.

On Sunday, the Securities Authority announced that it had granted official approval to a foreign brokerage firm to operate in the securities markets, making it the first company to receive this approval in accordance with the modern regulatory procedures adopted by the Authority.

The commission confirmed in a statement that this step comes within its ongoing efforts to regulate and develop the work environment in the Iraqi financial market and enhance transparency and efficiency in line with best international practices, and in a way that contributes to supporting investment, stimulating trading activity and attracting global expertise to the market.

She explained that the approval was granted after the company completed all the technical and regulatory requirements, ensuring the integrity of the procedures and protecting the rights of investors, as well as raising the level of institutional performance of brokerage companies operating in the market.

The statement affirmed that this approval is an important indicator of the Authority’s direction towards opening new horizons for brokerage companies, especially foreign ones, and encouraging the entry of new companies that contribute to the development of the Iraqi capital market and enhance investor confidence in it, which represents one of the Authority’s main objectives in regulating, protecting and developing the market.   link

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Tishwash:  Mounting financial pressures threaten the 2026 budget.

The government faces an early challenge in preparing the 2026 budget, amid declining oil revenues and escalating financial pressures, which puts it in front of limited options between presenting an austerity budget or temporarily continuing spending according to the 1/12 rule. Meanwhile, economic experts and specialists believe that the 2026 budget will face major financial challenges due to declining revenues, which may push it to reduce spending or postpone its approval. 

Budget preparation

Nermin Maarouf, a member of the Finance Committee in the previous parliamentary session, confirmed in an interview with Al-Sabah that the government, if formed soon, still has time to submit the draft budget law, noting that its approval in previous years was often delayed until May or June. 

She added that the preparation of the budget in Iraq traditionally relies on simple items based on the allocations of the previous year, but she pointed out that there is no legal basis that allows for continued spending according to the (1/12) rule for two consecutive years in the absence of a budget.

 Compound impact

For his part, crisis management expert Ali Al-Fariji believes that the 2026 budget is no longer just a matter of timing, but a test of the state’s ability to deal with a “compound shock” that includes a decline in oil revenues and export disruptions as a result of regional tensions, in addition to the continued rise in operational spending within an economy that is almost entirely dependent on oil.

Al-Fariji explained in an interview with “Al-Sabah” that preparing a budget in the near term seems unlikely, due to the absence of stable assumptions related to oil prices and export levels, which suggests that the (1/12) rule will continue to be used temporarily until the financial vision becomes clear. 

Dependence on oil

He added that the main challenges are structural in nature, most notably the dependence of revenues on oil by nearly 90%, the high operating expenses which account for more than 70% of total spending, as well as cash pressures and weak efficiency of investment spending.

Oil revenues

In the same context, economist Jalil Al-Lami confirmed in an interview with Al-Sabah that the option of submitting a full federal budget seems difficult in the short term, suggesting that the (1/12) rule will continue to be used temporarily, especially with the clear decline in oil revenues.

Al-Lami pointed out that Iraq used to rely on oil exports of around 3.5 million barrels per day with monthly revenues ranging between 7 and 9 billion dollars, before they decreased to about 2 billion dollars or less at some times, while the country needs at least 8 to 10 billion dollars per month to cover operating expenses, creating a financial gap that may reach 6 billion dollars per month.

Austerity budget

Al-Lami predicted that if the budget is prepared, it will be an austerity budget, based on an oil price between $60 and $65 per barrel, with a total size between 130 and 150 trillion dinars, and an expected deficit between 20 and 30 trillion dinars, which is subject to increase depending on 

Regarding developments in the oil market.

He added that the anticipated budget will not include an expansion in appointments or the launch of new projects, but will focus on completing existing projects and securing basic expenditures, with the possibility of resorting to internal borrowing or drawing from the cash reserve in the event that the crisis continues.

Temporary disbursement

He pointed out that “estimates indicate that the 2026 budget will either be a deferred budget managed through temporary spending, or an austerity budget focused on containing the crisis, at a time when the Iraqi economy is facing a real test to readjust the spending model and avoid slipping.” 

Towards a liquidity crisis in the near term.

The parliamentary finance committee expressed its position on borrowing from the central bank to finance domestic expenditures, noting that this issue is linked to the formation of the government.

Borrowing proposal

Committee member Ribwar Karim told the Iraqi News Agency, as reported by Al-Sabah newspaper, that "the proposal to borrow from the Central Bank to finance domestic expenditures is on hold." 

On forming the government.

He added that "there is a conviction among the political parties and blocs that there are serious attempts to appoint the next prime minister  As soon as possible.

He explained that “if a government is formed, there will be no need to borrow, as a fully empowered government will begin its duties,” noting that “borrowing from the Central Bank is merely an opinion put forward by some members of parliament.”

He stated that “this proposal is primarily linked to the formation of the government, and if that happens, there will be no need for this proposal.”  link

Tishwash:  An Iraqi committee is exploring mechanisms for disarming factions amid escalating US pressure.

The Asharq Al-Awsat newspaper, quoting Iraqi political sources, revealed the formation of a high-level Iraqi committee tasked with preparing an executive project for disarming armed factions, in preparation for presenting it to American officials in the coming days, amid escalating American pressure on Baghdad regarding the issue of weapons and Iranian influence within Iraq.

According to the sources, the committee held unannounced meetings during the past period with leaders of armed factions to discuss mechanisms for disarmament and reintegration of some elements into the civilian and security state institutions, but some of those meetings witnessed tension and objections from parties that refuse to give up their weapons.

The information indicated that the committee is operating under a mandate from forces within the coordination framework, at a time when political warnings are increasing that the anticipated government headed by Prime Minister-designate Ali Faleh Kazem al-Zaidi may face major challenges in implementing reforms related to the issue of weapons and financial resources, which Washington accuses some Iraqi parties of smuggling to Iran.

According to the report, the US administration has shown support for al-Zaidi since his appointment, but it links the continuation of this support to making tangible changes related to reducing the influence of armed factions within Iraqi state institutions.

The newspaper also quoted officials and political sources as saying that the proposed project includes the disarmament of heavy and medium weapons and the restructuring of some formations of the Popular Mobilization Forces, amid doubts about the ability of the next government to actually implement these steps, with the likelihood that some of the current moves are an attempt to absorb American pressure and buy time.

In contrast, sources representing a number of armed factions confirmed their refusal to hand over weapons, believing that American pressure would not push them to back down from their positions or change the existing power equations.

In parallel, an informed source revealed an agreement between forces within the coordination framework and the prime minister-designate to form a special committee to restrict weapons to the state, which includes, in addition to al-Zaydi, Prime Minister Mohammed Shia al-Sudani, and the head of the Badr Organization, Hadi al-Amiri.

The source explained that the committee will develop practical mechanisms to regulate the weapons file and reintegrate some elements of the factions into civilian or security institutions, in line with the requirements of the current stage and the political and security challenges facing the country. link

News, Rumors and Opinions Monday 5-11-2026

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. 11 May 2026

Compiled Mon. 11 May 2026 12:01 am EST by Judy Byington

Global Currency Reset:

On Mon. 11 May 2026: Tier4b notifications could arrive with new rates.

Wed. 6 May 2026 EBS ACTIVATION: THE GLOBAL RESET HAS (allegedly) ARRIVED. EVERY CITIZEN GLOBALLY WILL RECEIVE NOTIFICATION VIA TEXT AND EMAIL TO SET APPOINTMENTS AT REDEMPTION CENTERS WORLDWIDE. …Emergency Broadcast System on Telegram

Thurs. 7 May 2026 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#: Likely either Mon or Tues for Tier4b appointments to start. Bolivar, Dinar, Dong, Zim and 41 currencies on Redemption Center screen.

Judy Note:We have been told that Wells Fargo, which is controlled by the Chinese Elders – (the ones who (allegedly) own the gold behind the Global Currency Reset) – will send out emails to currency and bond holders worldwide telling them how to set redemption & exchange appointments. It is advised to exchange/redeem your foreign currency at an official Redemption Center (RC) rather than a bank. You can only (allegedly) redeem Zim at a RC, the Dinar Contract Rate can only (allegedly) be given at a RC and banks will (allegedly) offer you lower exchange rates than what you can obtain at a RC. You can only (allegedly) set up your new wallet (bank account) at a RC. It was my understanding that most banks were under control of the Cabal and would soon play a different role in the Global Financial System.

Sun. 10 May 2026 THE GOLD. They’re pulling it out. Quietly. Systematically. Every major nation on Earth is withdrawing their gold from American vaults — and no one is asking why. France — 129 tonnes. Gone from the NY Fed. India — 104 tonnes in six months. Germany. Netherlands. Now it’s accelerating. **Q1 2026: central banks bought 244 tonnes of gold — the strongest quarter in recorded history.** They’re not buying gold because they like shiny things. **They know what’s coming.**

• MOVE 1: Trump and Musk demanded a Fort Knox audit in February. Three weeks of headlines. Then — silence. No results. No report. **It vanished from every news cycle overnight.** What kind of discovery makes the most powerful men in the world go quiet?

• MOVE 2: The Mises Institute just confirmed — the bulk of Fort Knox gold consists of **”impure non-standard bars” that don’t qualify for international transactions.** The gold backing the most powerful economy on Earth CANNOT BE USED in the global system. Degraded. Diluted. Or not what they say it is.

• MOVE 3: May 4, 2026 — BRICS launched **BRICS Pay.** Blockchain-based. Dollar-independent. Operational NOW. **Nine nations. 3.5 billion people. A payment system that doesn’t need the US dollar.** SWIFT’s monopoly ended on a Sunday and nobody told you.

• MOVE 4: Internal Treasury correspondence — leaked April 22 — references **”Protocol 7: Asset Reconciliation.”** Sovereign gold holdings cross-referenced against QFS digital ledger entries. **The audit didn’t disappear. It moved CLASSIFIED.** What they found isn’t being hidden — it’s being prepared as EVIDENCE. The nations are pulling their gold because they were TOLD to. **When the dollar resets — only those holding REAL assets survive.** The vault is empty. The world knows. The clock is running.

Read Full post here:  https://dinarchronicles.com/2026/05/11/restored-republic-via-a-gcr-update-as-of-may-11-2026/

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

Jeff  The HCL for final approval is waiting for the rate to change because they need to add it to the constitution in order for them to make payments.  

Walkingstick  The 'White Papers' are a conglomerate of many things the United States put together.  It has been a demand of ours for a long time.  But prime minister after prime minister have failed us.  The White Papers contain the monetary reform.  It contains the steps for the HCL.  It contains article 140...It contains all the steps that were just handed in that we call the formation of the government of Iraq.  It contains the economic reform once the monetary reform is launched.  It contains the removal of Iranian influence...banking laws.  It contains many things that the United States of America have been wanting this government to do.  It was created over the last few years with the IMF, World Bank, Bank of International Settlement, US Treasury, Central Bank of Iraq, with everybody...The United States of America gave this to Sudani, he did nothing with them.  Now we present them to Zaidi.  And Zaidi with Trump, they are implementing them.

Frank26   Z [Zaidi] is working on the HCL...budget... forming the government all under the direction of Donald Trump.  Everything else is just noise...All we're waiting for is the removal of the unwanted names for the minister positions.  Not a single Iranian can represent [Iraq] in government ever again...Trump is working on the formation of the government and the security that [Iraq] needs from Iran.  

China Goes All In on GOLD as Dollar Reserves Collapse

Taylor Kenny:  5-10-2026

Central banks are buying gold at record levels while quietly reducing exposure to the U.S. dollar. China has been accumulating gold for 18 straight months—but most financial advisors are still silent.

In this video, Taylor breaks down why China’s gold buying is not a short-term trade, why dollar reserves are shrinking, and what this could mean for your savings, retirement, and purchasing power.

CHAPTERS:

00:00 Record Gold Demand and China’s Buying Spree

00:27 Is It Too Late to Buy Gold?

01:25 Preparing for a New Monetary System

02:48 China Builds Gold-Based Payment Rails

03:17 Dollar Reserves Collapse as De-Dollarization Accelerates

04:43 Bretton Woods and the Gold-Backed Dollar

06:10 Why It’s Not Too Late to Buy Gold

07:34 How Exposed Are You Without Gold?

https://www.youtube.com/watch?v=3ncFvU17IbA

Seeds of Wisdom RV and Economics Updates Monday Morning 5-11-26

Good Morning Dinar Recaps,

Global Energy and Security Risks Rise as Gulf Crisis Enters Dangerous New Phase

Growing geopolitical tensions and economic instability are increasing pressure on the global financial system

Escalating conflict dynamics between Israel, Iran, and major world powers are intensifying fears of prolonged market disruption and regional instability

Overview (Key Points)

The Gulf crisis appears to be entering a more prolonged and strategically dangerous phase as diplomatic efforts continue struggling to gain traction.

Israeli leadership is expanding its security objectives beyond immediate military confrontation, while the United States has rejected Iran’s latest peace response, reinforcing concerns that the conflict could continue for an extended period.

At the same time, global markets remain highly sensitive to disruptions involving the Strait of Hormuz, one of the world’s most important energy corridors.

The crisis is increasingly evolving beyond a regional conflict and becoming a broader test of global economic resilience, energy security, and geopolitical influence.

Key Developments

1. Israel Expands Long-Term Security Objectives

Israeli Prime Minister Benjamin Netanyahu has broadened the strategic goals of the conflict to include:

• Weakening Iran’s regional influence

• Targeting ballistic missile infrastructure

• Disrupting nuclear capabilities

This raises the threshold for any future diplomatic settlement and reduces the likelihood of a rapid ceasefire agreement.

2. Regional Proxy Networks Remain Active

Despite temporary ceasefire announcements in some areas, clashes involving Hezbollah and other regional actors continue.

The conflict is increasingly becoming a multi-theater regional struggle, involving:

• State actors

• Proxy organizations

• Maritime security threats

This complexity increases the risk of prolonged instability across the Middle East.

3. China’s Diplomatic Role Continues Expanding

Upcoming discussions involving President Donald Trump and Chinese President Xi Jinping highlight China’s growing importance in Middle Eastern diplomacy.

China maintains strong economic ties with Iran while also depending heavily on Gulf energy supplies, positioning Beijing as a potentially influential mediator.

The situation reflects broader competition between the United States and China over:

• Energy security

• Trade routes

• Global geopolitical influence

4. Global Markets React to Strategic Energy Risks

Markets remain highly sensitive to developments surrounding the Strait of Hormuz.

Oil prices continue reacting sharply to:

• Military activity

• Diplomatic rhetoric

• Shipping disruptions

Analysts warn that energy markets are increasingly being driven by geopolitical uncertainty rather than traditional supply-and-demand fundamentals.

5. Economic Interdependence Is Becoming Militarized

The crisis is exposing how strategic geography and economic dependence can be used as geopolitical leverage.

Energy supply routes, maritime chokepoints, and trade corridors are now central to broader power competition between major nations.

This creates additional risks for countries already facing:

• Inflation pressures

• Slowing economic growth

• Financial market volatility

Why It Matters

The Gulf crisis is demonstrating how regional conflicts can rapidly evolve into global economic events.

Disruptions involving energy flows, shipping routes, and geopolitical alliances have direct implications for:

• Inflation

• Global trade

• Financial stability

• Investor confidence

Why It Matters to Foreign Currency Holders

Periods of geopolitical instability often trigger:

• Currency volatility

• Rising commodity prices

• Capital shifts into safe-haven assets

Energy-importing nations may face increasing pressure on national currencies and foreign reserves if instability continues.

Implications for the Global Reset

• Pillar 1: Energy Security Is Reshaping Global Power Dynamics

Control over energy flows and strategic maritime routes is becoming increasingly tied to financial and geopolitical influence.

• Pillar 2: Multipolar Competition Continues Expanding

The growing involvement of China alongside traditional Western powers reflects the accelerating shift toward a more fragmented and competitive global order.

Conclusion

The rejection of Iran’s latest peace response signals that the Gulf crisis may be entering a prolonged and highly unstable phase.

As geopolitical competition, energy security, and financial market volatility become more interconnected, the risks facing the global economy continue to rise.

The situation highlights a broader reality: in today’s interconnected world, regional conflicts increasingly carry systemic consequences for the international financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "Trump’s rejection of Iran’s peace response signals a prolonged Gulf crisis and global energy instability"

• Reuters — "Oil markets remain volatile amid Gulf tensions and shipping concerns"

~~~~~~~~~~

🌱A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.

You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:   • No dates • No rates • No hype • No gurus

Instead, we focus on:

• Verifiable developments • Institutional evidence

• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.

Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News™

~~~~~~~~~~

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Newshound's News Telegram Room Link

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RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recap

Iraq Economic News and Points To Ponder Sunday Evening 5-10-26

Iraq Says Oil Exports Could Rapidly Return To Pre-War Levels If Hormuz Stabilizes

Baghdad announced preparations to rapidly resume full export capacity through the Strait of Hormuz, even as regional security uncertainty persists.

ERBIL (Kurdistan24) - Iraq’s Oil Ministry announced on Sunday that the country could restore crude oil exports to their previous levels within one week if stability returns to the Strait of Hormuz, despite ongoing regional tensions linked to the conflict involving Iran, the United States, and Israel.

Bassam Mohammed Khudair, deputy minister at Iraq’s Oil Ministry, said Baghdad possesses the operational capacity to quickly return exports to normal once maritime movement through the strategic waterway resumes safely.

“Before the recent security incidents, Iraq was exporting 3.4 million barrels of oil per day,” Khudair said, noting that Iraq’s actual production capacity currently stands at 4.2 million barrels daily.

He added that, in the event navigation through the Strait of Hormuz is fully restored, the ministry could return export operations to their previous natural levels within only one week.

Khudair revealed that two fully loaded crude oil tankers are currently prepared for movement, while Iraqi authorities are also awaiting the arrival of two additional vessels.

However, he stressed that the timing of the tankers’ departure remains directly tied to the broader regional security situation.

“The movement and departure of these vessels are directly linked to the stability of the region’s security conditions,” he said.

The Strait of Hormuz, considered one of the world’s most critical oil and gas transit corridors, has experienced severe instability since the outbreak of conflict involving Iran on Feb. 28, when fighting escalated following Israeli and US military operations against Tehran.

The tensions have had direct consequences for global energy markets and maritime trade routes.

Despite Iraq’s preparations for a return to normal export operations, uncertainty surrounding the regional security environment remains significant.

Earlier on Sunday, US President Donald Trump said Washington could continue military operations against Iran for another two weeks and warned that additional Iranian targets could still be struck.

Trump stated that Iran had been “militarily defeated” but insisted the conflict was not necessarily over, adding that the United States had completed roughly 70 percent of its intended military objectives while retaining the option to hit more targets.

The continued possibility of further escalation has kept uncertainty surrounding the Strait of Hormuz and regional shipping routes at the center of global energy concerns.

https://www.kurdistan24.net/en/story/913266/iraq-says-oil-exports-could-rapidly-return-to-pre-war-levels-if-hormuz-stabilizes

Reconstruction And Development Threatens To Oppose The Government If It Does Not Receive Its Ministerial Entitlement And Demands That Rights Be Restored To Their Rightful Owners

  latest news   Sunday, May 10, 2026  Baghdad – One News   5/10/2026   Mashreq Al-Fariji, a leader in the Reconstruction and Development Coalition, issued a strong warning against a settlement being made by Prime Minister-designate Ali Al-Zidi with political blocs to distribute sovereign and important ministries, describing this approach as “a desperate act that reflects a lack of respect for democracy.”

 In a post on the X platform, Al-Fariji stated that “the focus is on acquisition rather than on improving the ministry’s performance,” indicating that the Reconstruction and Development Coalition refuses to relinquish its ministerial entitlement. Al-Fariji also explicitly hinted that the option of joining the opposition is a serious consideration if the entitlement is not returned to its rightful owners, alluding to his coalition’s insistence on a ministerial portfolio, which he did not specify.    https://1news-iq.net/الإعمار-والتنمية-يلوح-بخيار-المعارضة/

Middle East Sources Report That Politicians Say The Deep Division Within The Framework Over Factional Weapons May Prevent The Passage Of Ali Al-Zaidi

 latest news   Sunday,   May 10, 2026    Baghdad – One News   5/10/2026   Despite the Iraqi parliament announcing its readiness to hold a session to grant confidence to Ali al-Zaidi’s government this week, an undeclared Iranian veto has emerged, adding a new obstacle to its passage, in contrast to an declared American veto rejecting the participation of the factions. 

Informed sources told Asharq Al-Awsat that Iran’s unofficial reservations about the designated prime minister, Ali al-Zaidi, reflect a division within the ruling establishment in Tehran, which in turn has affected the armed factions in Iraq.

 While factions that hold eighty seats in parliament support the gradual disarmament according to al-Zaidi’s program, otherfactions that are not represented in the government and follow Iran ideologically refuse to hand over their weapons, and speak of the impossibility of passing the government due to the American veto.

 Meanwhile, observers believe that the anticipated visit of Ismail Qaani to Baghdad aims either to resolve the disputes within the coordination framework over the portfolios, or to convey Iran’s rejection of the government, or to pass it on Tehran’s conditions. (see:  Iranian reservations over Al-Zaidi drive Qaani’s trip to Iraq - 5/10/2026 regarding Qaani's trip)https://1news-iq.net/الشرق-الأوسط-عن-سياسيين-الانقسام-الكب/

A Former Sadr Deputy: Al-Sadr Gave The Coordination Framework Something Like A Roadmap For Getting Out Of The Factions' Crisis

latest news   Sunday,May 10, 2026  Baghdad – One News    5/10/2026  The leader of the Sadrist movement, Muqtada al-Sadr, broke his silence of more than six months regarding the crisis of choosing the prime minister, suddenly outlining the possible early end of Ali al-Zaidi’s government. 

A former deputy believes that al-Sadr gave the “coordination framework” something like a roadmap to get out of the factions’ crisis, at a critical moment that threatens the new government itself and opens the door to possible sanctions, or placing the government under an evaluation ceiling that could end with its downfall if it fails. 

He stressed that the leader of the Sadr movement has repeated on more than one occasion the necessity of disbanding the rogue militias and integrating them into the army, as a final solution to confine weapons and security decision-making. 

Within the ninety-day deadline, the former deputy does not rule out that there are signs of a scenario similar to what happened with Abdul-Mahdi’s government, when al-Sadr gave it a “100-day” deadline to evaluate its performance, before it ended with the largest protests since 2003, which brought down the government. https://1news-iq.net/نائب-صدري-سابق-الصدر-منح-الإطار-التنسي/

Sources: US Federal Reserve adds 5 Iraqi banks to dollar restrictions

May 8, 2026Last updated: May 8, 2026   Al-Mustaqilla - Informed banking sources told Al-Mustaqilla on Friday that US financial authorities have added five new Iraqi banks to the list of restrictions related to dollar transactions, in addition to about 30 banks that were subject to previous measures. 

According to the sources, the new measures include preventing the five banks from accessing transactions related to the US dollar, within the framework of the strict control imposed by the US Federal Reserve on foreign transfers and the Iraqi banking system.

The sources confirmed that the Central Bank of Iraq had been aware of the procedures and expected sanctions against these banks for the past few months, noting that there were ongoing communications and follow-ups with the American authorities regarding the financial compliance and transfers file. 

These developments come at a time when the Iraqi banking sector is experiencing increasing pressure related to tightening controls on dollar movements and monitoring money laundering and commercial transfers.

Experts believe that expanding restrictions on banks may directly affect the parallel market and exchange rates, especially with the high local demand for the dollar and the Iraqi market's heavy reliance on foreign transfers and imports.     https://mustaqila.com/مصادر-الفيدرالي-الأميركي-يضيف-5-مصارف-ع/

Seeds of Wisdom RV and Economics Updates Sunday Evening 5-10-26

Good Afternoon Dinar Recaps,

Global Currency Realignment Accelerates as Energy Crisis and BRICS Strategy Converge

Oil shocks, shifting trade alliances, and rising commodity power are reshaping the global financial landscape

Volatility across energy, currencies, and global trade systems is intensifying pressure on the post-World War II financial order

Overview (Key Points)

The global financial system is facing renewed structural pressure as geopolitical instability, commodity shocks, and shifting currency alliances continue reshaping international markets.

The ongoing disruption surrounding the Strait of Hormuz has reinforced concerns about the vulnerability of the global energy system, while BRICS nations and commodity-exporting economies are gaining influence in global financial flows.

At the same time, analysts are increasingly discussing how commodity-backed economies and alternative payment systems could gradually weaken the dominance of traditional Western financial structures.

Recent market movements suggest investors are beginning to reassess long-standing assumptions surrounding reserve currencies, energy security, and financial stability.

Key Developments

1. Commodity Currencies Gain Strength Amid Global Energy Stress

Commodity-linked currencies such as:

• The Norwegian krone

• Australian dollar

• Canadian dollar

have strengthened as global energy disruptions continue elevating commodity prices. Reuters analysts noted that the geopolitical environment is creating a new focus on resource-backed economic strength.

2. Oil Market Volatility Continues to Pressure Global Economies

The prolonged instability in the Middle East has kept oil markets highly volatile, with disruptions tied to shipping through the Strait of Hormuz continuing to affect global supply expectations.

Higher energy costs are feeding concerns about:

• Inflation persistence

• Slower global growth

• Rising borrowing pressures

3. BRICS and Alternative Payment Systems Remain in Focus

While BRICS nations have slowed public discussion of a unified currency, efforts to expand:

• Local currency trade

• Alternative settlement systems

• Non-dollar payment infrastructure

continue moving forward behind the scenes.

This reflects broader efforts to reduce dependence on Western-controlled financial channels.

4. Traditional Market Relationships Are Breaking Down

Reuters analysis highlighted that historic correlations between:

• Stocks

• Bonds

• Gold

• Currencies

are no longer behaving normally under current geopolitical and inflationary conditions.

This suggests markets may be entering a new financial environment unlike previous economic cycles.

5. Central Banks Face Growing Financial Stability Risks

Central banks are increasingly balancing:

• Inflation concerns

• Energy shocks

• Debt pressures

• Financial stability risks

Analysts warn that a prolonged geopolitical crisis could expose vulnerabilities across sovereign debt markets and shadow banking systems.

Why It Matters

The current environment is revealing how deeply interconnected:

• Energy markets

• Currency systems

• Global trade

• Sovereign debt

have become.

As commodity power and geopolitical fragmentation rise, the traditional financial order faces increasing strain.

Why It Matters to Foreign Currency Holders

Global instability can drive:

• Currency volatility

• Shifting reserve allocations

• Safe-haven demand changes

• Capital flow disruptions

Nations with strong commodity exposure may increasingly gain influence in global markets.

Implications for the Global Reset

• Pillar 1: Commodity Power Is Reshaping Currency Influence

Energy and resource-producing nations are gaining strategic leverage as markets prioritize supply security and economic resilience.

• Pillar 2: Multipolar Finance Continues Expanding

Alternative payment systems and local currency trade agreements suggest the world may gradually move toward a more diversified financial structure.

Conclusion

The combination of geopolitical conflict, commodity disruption, and evolving currency alliances is accelerating changes within the global financial system.

While the current system remains intact, the foundations are being tested by forces that continue pushing markets toward a more fragmented and multipolar economic order.

The shift may be gradual, but the direction of change is becoming increasingly difficult to ignore.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "As commodities reshape geopolitics, currency pecking order gets a reset" 
  

• Reuters — "How oil shock and financial stress can feed each other"

~~~~~~~~~~

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Ross: Now it all Makes Sense

Ross: Now it all Makes Sense

5-10-2026

It hit me like a ton of bricks today…

Now it all makes sense!

How can President Trump create a true Level Playing Field to Tokenize Everything when crypto adoption, the AI boom, and the Global Currency Reset itself are all at risk — if one country can flip a switch and hold the world economy hostage?

President Trump is exposing global economic vulnerabilities and shoring them up before it’s too late — confronting Iran head-on, forcing new routes, satellite backups, onshoring chips, and diversified supply chains. He’s creating a true Level Playing Field.

• Iran threatens 20% of global oil in the Strait of Hormuz.

• Iran threatens the undersea internet cables, the backbone for banking, cloud computing, and massive data flows across Europe, Asia, and the Middle East.

We’re only 2 steps in on this exposé of global economic vulnerabilities.

• China has the capability to threaten 90% of the world’s advanced semiconductors in the Taiwan Strait.

Semiconductor stocks have already skyrocketed over 50% this year as AI demand explodes.

China could play the exact same game as Iran — what do you think will happen to the stock market if they flip the switch and drag everything down?

• The reverse carry trade unwind is the real problem — it threatens to rip trillions in leveraged bets out of financial markets and turn every one of these geographic chokepoints into a cascading global meltdown.

Do you see where this is going? Any country can do exactly what Iran is doing. The precedent is set.

Even as China and Russia quietly coordinate with Trump on the larger plan he launched during his first-term Capitulation Tour, their public threats are exposing these chokepoints so the old system can finally be dismantled.

• China has the capability to threaten the planet’s busiest shipping lane in the Strait of Malacca.

• Iranian proxies threaten 12% of global trade and even more undersea cables in the Red Sea.

• Russia has the capability to threaten Arctic shipping routes and European energy chokepoints.

• China threatens control over rare earths and critical minerals for EVs, turbines, chips, and high-tech everything — but watch as massive new deposits are discovered around the world in the coming months and years.

These chokepoints were always fragile. Conflicts and market shocks are just exposing how vulnerable the entire system truly is.

Crypto and AI are about to explode. One major disruption could derail the whole boom.

Global Currency Reset prerequisites: resetting the global order on trade and sovereignty, bursting the reverse carry trade’s fantasy land of fake money, and building a real foundation for the future.

People still question President Trump’s every move — as if he isn’t playing 5D chess to bring about the reset.

Now do you see why what is happening is happening?

All eyes on the summit in China, May 14-15.

What happens next with Iran will give us a clue to how all of this unfolds.

What do you think President Trump’s next move is — and why?

Source(s):
• https://x.com/Ross_ptm/status/2053233297933885501

https://dinarchronicles.com/2026/05/10/ross-now-it-all-makes-sense/

Buffett Warns of US Dollar Collapse, Bankruptcy Filing up 42%, Burry Says like 99-2000

Buffett Warns of US Dollar Collapse, Bankruptcy Filing up 42%, Burry Says like 99-2000

And We Know:  5-10-2026

The global financial landscape feels increasingly dynamic, with headlines shifting daily and economic indicators sending mixed signals. Recently, a compelling discussion from “And We Know Official” delved deep into these complexities, offering valuable insights into current economic conditions, market projections, and strategies for safeguarding wealth. Let’s unpack some of the key takeaways from their insightful conversation.

The video opens by referencing a figure well-known for his prescience: Michael Burry, famously portrayed in “The Big Short” for foreseeing the 2008 housing crisis.

Burry is now sounding the alarm again, projecting a significant stock market correction akin to the dot-com bubble burst of 1999-2000.

This perspective is echoed in a fascinating analogy from none other than Warren Buffett, who reportedly likened the stock market to “a church with a casino attached.” This imagery powerfully captures the current market environment, where speculative, gambling-like behavior often overshadows fundamental investing principles.

Adding to this concern is a noticeable disconnect within economic data. While we might see positive employment figures, there’s an alarming counter-trend: a 42% surge in Chapter 11 bankruptcies, particularly impacting small businesses.

 This stark contrast suggests an underlying economic fragility that isn’t always apparent on the surface. The discussion highlights how central bank policies and significant money printing might be artificially propping up markets, creating conditions that, by their nature, cannot be sustained indefinitely.

Amid this backdrop of uncertainty, the speakers advocate for a prudent approach to wealth protection, specifically emphasizing the role of precious metals.

Silver, in particular, is highlighted due to its limited supply and increasing demand, especially as the world explores new monetary systems, including cryptocurrencies and central bank digital currencies (CBDCs). The recent upward movement in silver prices is seen by some as a growing recognition of its enduring value as a hedge against potential economic turbulence and inflation.

Beyond market dynamics, the conversation also touched upon significant geopolitical factors. The conflict in Iran, for instance, is identified as a critical element impacting global oil prices and supply chains. However, there’s an optimistic outlook presented, suggesting that potential diplomatic solutions, possibly led by figures like Donald Trump, could stabilize these issues.

Should such resolutions materialize, it could lead to an easing of inflationary pressures, a potential lowering of interest rates, and further appreciation for precious metals—benefiting those who have strategically positioned their portfolios.

The discussion concludes on a hopeful and reflective note, drawing inspiration from Jeremiah 29:11: “For I know the plans I have for you,” declares the Lord, “plans to prosper you and not to harm you, plans to give you hope and a future.” This powerful message underscores the importance of faith and resilience during challenging times.

The hosts encourage viewers to approach the current economic climate with wisdom and discernment. For many, investing in precious metals is viewed not just as a financial strategy, but as a practical step to protect wealth and secure a foundation during this period of transition.

For a deeper dive into these critical insights and further information, be sure to watch the full video from And We Know Official. Understanding these dynamics is key to making informed decisions for your financial future.

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

"Why Silver Will Hit $50,000 – Ray Dalio’s Final Debt Cycle Stage Has Started"

"Why Silver Will Hit $50,000 – Ray Dalio’s Final Debt Cycle Stage Has Started"

Macro Investing Secrets:  5-9-2026

This is not a normal phase for silver—and it is not something most investors are prepared for.

What you are witnessing right now is not a short-term move or a reaction to headlines. It is the early stage of a structural transition inside the global monetary system. A transition driven by rising debt, tightening liquidity, and a growing dependency on intervention that is becoming harder to sustain.

For years, silver has been treated as secondary—volatile, inconsistent, and easy to ignore. But that perception was built during a period of artificial stability. A period supported by expanding credit, suppressed interest rates, and continuous liquidity injections.

That environment is now changing. We are entering the tension phase of the long-term debt cycle—a phase where confidence becomes the most important variable in the system. And once confidence begins to shift, capital does not wait for confirmation. It moves. This is where silver becomes critical.

Silver is not just an industrial metal. It carries a dual identity:

• Industrial demand driven by electrification, energy systems, and modern technology

• Monetary characteristics that re-emerge when trust in currency weakens

That combination makes silver uniquely sensitive to structural change. As liquidity behavior begins to shift, capital starts rotating—slowly at first, then with increasing urgency. And because the silver market is relatively small compared to global capital flows, even modest reallocation can create disproportionate price movement.

This is how repricing begins. Not with headlines. Not with consensus. But with quiet shifts in positioning that accelerate once recognition spreads.

Ray Dalio’s long-term debt cycle framework helps explain this clearly. Late-stage systems do not collapse instantly. They compress under pressure.

Debt expands beyond sustainable levels. Policy becomes constrained. And intervention begins to lose effectiveness. When that happens, the question changes. Investors stop asking: “How much can I make?” And start asking: “What will preserve value if the system itself is under strain?”

That is the turning point. And that is where silver transitions—from overlooked commodity to strategic monetary asset.

 This video breaks down:

• Why liquidity behavior is the real signal—not price

• How capital rotation begins in stressed monetary systems

• Why silver reacts disproportionately compared to larger markets

• How supply constraints amplify financial demand

• What happens when confidence shifts from paper assets to tangible value

Most investors will wait for clarity. But clarity comes late. By the time the narrative becomes obvious, positioning advantage is already gone—and the move is already underway.

This is not about prediction. This is about recognizing structure before it becomes visible to the majority. Because in late-stage monetary transitions, opportunity does not disappear slowly. It compresses.

https://www.youtube.com/watch?v=1--d2kLXhYM

Iraq Economic News and Points To Ponder Sunday Afternoon 5-10-26

Usd/Iqd Exchange Rates Rise In Baghdad And Erbil

2026-05-10 Shafaq News- Baghdad/ Erbil   The US dollar opened Sunday’s trading higher in Iraq, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,500 dinars per 100 dollars, down from the previous session’s 153,150 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,000 dinars and bought it at 153,000 dinars, while in Erbil, selling prices stood at 153,100 dinars and buying prices at 153,100 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-rise-in-Baghdad-and-Erbil-6

Gold Prices Tick Up In Baghdad And Erbil

2026-05-10 Shafaq News- Baghdad/ Erbil   On Sunday, gold prices hovered around 1.02 million IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1.017 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1.013 million IQD. The same gold had sold for 1.014 million IQD on Saturday.

The selling price for 21-carat Iraqi gold stood at 987,000 IQD, while the buying price reached 983,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1.020 million and 1.030 million IQD, while Iraqi gold sold for between 990,000 and one million IQD.

In Erbil, 22-carat gold was sold at 1.056 million IQD per mithqal, 21-carat gold at 1.008 million IQD, and 18-carat gold at 864,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-tick-up-in-Baghdad-and-Erbil-6

Dollar Closes Higher In Baghdad And Erbil

2026-05-10 Shafaq News- Baghdad/ Erbil   The US dollar closed higher against the Iraqi dinar in Baghdad and Erbil on Sunday, rising by 450 dinars in Baghdad’s main exchanges during the day’s trading.

According to Shafaq News market survey, exchange rates at Baghdad’s Al-Kifah and Al-Harithiya central stock exchanges settled at 153,950 dinars per $100, compared with 153,500 dinars earlier in the day. Selling prices at local exchange shops in Baghdad reached 154,500 dinars per $100, while buying prices stood at 153,500 dinars.

In Erbil, the dollar also posted gains, with selling prices reaching 153,600 dinars per $100 and buying prices at 153,500 dinars.

https://www.shafaq.com/en/Economy/Dollar-closes-higher-in-Baghdad-and-Erbil-1

ISX Trades $17M+ In April Activity

2026-05-10 Shafaq News- Baghdad   The Iraq Stock Exchange (ISX) recorded more than 27.4 billion Iraqi dinars in trading value over April —roughly $17.8 million.

According to market data, more than 48.6 billion shares were traded during the month across 20 regular trading sessions.

The ISX60 index closed the month at 983.02 points, marking a 1.9% increase compared with the previous session.

Throughout the month, the exchange executed around 23,490 sale and purchase contracts across listed companies. During the period, 82 companies out of 118 listed firms recorded actual trading activity.

https://www.shafaq.com/en/Economy/ISX-trades-17M-in-April-activity

EIA: Iraq’s Oil Exports To US Fall Over The Week

2026-05-10 Shafaq News- Baghdad/ Washington   Iraq’s crude oil exports to the United States dropped 119,000 barrels per day (bpd) last week, US Energy Information Administration (EIA) data showed on Sunday.

Iraqi shipments averaged 76,000 bpd last week, 61% less than the previous week’s average of 195,000 bpd.

Total US crude imports from nine major suppliers fell 170,000 bpd from 5.066 million bpd the previous week.

Canada remained the top supplier at 3.268 million bpd, followed by Venezuela with 400,000 bpd, Colombia with 348,000 bpd, Saudi Arabia with 332,000 bpd, and Mexico with 327,000 bpd.

Imports also included Ecuador at 165,000 bpd, Nigeria at 93,000 bpd, and Brazil at 27,000 bpd. No oil was imported from Libya this week. https://www.shafaq.com/en/Economy/EIA-Iraq-s-oil-exports-to-US-fall-over-the-week-9

Opinion: Nechirvan Barzani Walks Through Baghdad’s Political Minefield

2026-05-10   Shafaq News   By Ali Hussein Feyli   Crises in politics are not always resolved through force or shifting balances of power, but often begin when rivals cease viewing one another as enemies to be excluded and instead recognize the possibility of understanding, opening a path that the language of conflict itself could never reach.

In this context, the recent meetings held on May 4 and 5 by Kurdistan Region President Nechirvan Barzani can be seen as an effort to reshape relations between Baghdad and Erbil, reflecting not merely diplomatic engagement but a broader attempt to move from zero-sum confrontation toward practical consensus at a time of mounting financial pressures, rising populism, and shrinking public space in both the Region and the Iraqi capital, with the initiative signaling a search for realistic solutions to long-standing disputes away from the easy rhetoric of escalation.

For years, a conviction prevailed among some political actors that Baghdad responds only to the pressure of power balances. Such a reading is rooted in historical experiences where the logic of force often prevailed over the rule of law, yet major transformations, particularly during critical periods, are frequently shaped in the space between public emotion and political rationality. While the former mobilizes the street, the latter remains more capable of protecting the state and ensuring its continuity.

From this perspective, the Kurdistan Region Presidency’s adoption of a calm institutional discourse appears to represent an attempt to shift from emotional demands toward a realistic management of constitutional rights.

 This transformation is not without challenges, particularly in a political environment accustomed to sharp rhetoric, where de-escalation may be perceived as retreat or weakness, even though it may in fact reflect a more pragmatic reading of the balance of power. Such pragmatism is especially urgent for a people like the Kurds, who have spent more than a century caught in cycles of war, identity struggles, and the search for guarantees.

Historical experiences offer important examples in this regard. The path of Nelson Mandela in South Africa demonstrated that preserving stability may require moving beyond the language of revenge in favor of coexistence. In modern Kurdish history, the general amnesty declared after the 1991 uprising against Saddam Hussein’s Baath regime stands out as one of the clearest examples of overcoming political hatred.

The decision taken by the leadership of the Kurdistan Front –a coalition of Kurdish parties established in 1987-1988 in Iraq– led by the late Jalal Talabani and Masoud Barzani, was not merely an administrative measure, but a historic turning point that helped prevent a wide cycle of retaliation and made tolerance the foundation for building a new political entity rather than turning memory into fuel for endless conflict.

Today, Nechirvan Barzani represents, within this equation, a model of measured diplomacy. Rather than appearing through the language of threats and elevated nationalist slogans, he opts for the language of shared interests, constitutional frameworks, and gradual understandings.

Although this model faces considerable obstacles within Kurdistan due to the weight of a bloody history and the growing influence of populism, it is natural that part of Kurdish society may view such diplomatic language as a form of retreat or inadequacy.

Read more: Beyond the Chaos: Nechirvan Barzani is redefining Kurdish diplomacy

Yet amid the rubble of missed opportunities, Nechirvan Barzani remains, in his characteristic manner, focused on conveying an important message to the younger generation: the most difficult test is not always fighting wars, but building peace and preventing collapse.

History rarely lingers on those who hurled the greatest number of insults at their opponents, but rather on those who succeeded in extracting peace from the heart of hostility. What Nechirvan Barzani is doing in Baghdad and regional capitals resembles the work of an architect building in a minefield, preoccupied with preserving a political entity called the Kurdistan Region. Such an undertaking requires a kind of courage unafraid of being accused of weakness.

Despite the rise of extremism and emotional politics, the course of history appears to be moving toward the model championed by Nechirvan Barzani and those who share this approach: a transition from the equation of imposing one’s will toward strategic integration, in a way that could make the Kurdistan Region a more stable entity within Iraq amid an ongoing struggle shaped by questions of existence and identity. Read more: Nechirvan Barzani: A quiet architect of Kurdish statecraft

This article was originally written in Arabic.

https://www.shafaq.com/en/Report/Opinion-Nechirvan-Barzani-walks-through-Baghdad-s-political-minefield

Is Gold Becoming System Collateral?

Is Gold Becoming System Collateral?

Swiss America's  Gold News Weekly  5-6-26

Gold last traded at $4,688 an ounce. Silver at $77.45 an ounce.

EDITOR'S NOTE: As we have mentioned often lately in this space, there is a deep structural shift occurring in the global financial system. Confidence in fiat currencies - especially the U.S. dollar - is waning, central banks are rapidly accumulating gold as a neutral reserve asset, and de-dollarization is further accelerating.

At the same time, silver appears to be following gold into a powerful bull cycle, with technical setups indicating a breakout to new all-time highs beyond $121 as part of a longer-term uptrend fueled by tight supply and strong demand.

With gold evolving into "system collateral", the message is clear: the global economy is transitioning toward a more fragmented, less dollar-centric system, where precious metals play a foundational role. https://www.swissamerica.com/

Gold To Hit $8,000 on the Back of De-Dollarization, Says Deutsche Bank

Vinod Dsouza    May 2, 2026

Gold prices are hovering around the $4,500 level, and Deutsche Bank predicts the XAU/USD index could breach $8,000 over de-dollarization. The bank wrote in a note to clients that emerging economies are increasingly diversifying their central bank reserves by sidelining the US dollar by procuring gold. This is a cause of concern as the trend is growing and could change the global financial landscape.

Deutsche Bank added that developing countries added over 225 million troy ounces of gold since 2008, highlighting that de-dollarization will push the XAU/USD prices up in the charts. Countries such as China, Russia, India, Poland, and Turkey remain the biggest buyers of gold. This adds a layer of financial safety net to protect their economies from being vulnerable to sanctions.

In addition, Saudi Arabia, Qatar, the United Arab Emirates, Egypt, and Kazakhstan are not too far behind in accumulation. Countries in Eastern Europe and the Middle East are significantly increasing their gold reserves as de-dollarization expands, Deutsche Bank emphasized. The accumulation rose dramatically after the US imposed sanctions on Russia in February 2022 for invading Ukraine.

Also Read: UAE Leaving OPEC Hits Oil Prices as Global Supply Strains Grow

Deutsche Bank Predicts Gold Price Above $8,000 Over De-Dollarization

Developing countries are now buying more gold than the Western bloc combined. The rising allocation of the precious metal is making de-dollarization advance at a rapid pace. In the next five years, the allocation would increase further, leading to a strain on the US dollar’s prospects. Even the US economy could be affected if the dollar’s role in the central bank is reduced.

The future of de-dollarization will depend on how high the gold spending would reach, wrote Deutsche Bank. If central banks begin to target 40% of their reserves in gold, then the US dollar would fall on the path of decline. There is growing mistrust of the US dollar lately due to Trump’s previous trade wars and tariffs. Add to that the imposing of sanctions was already a concern for developing nations.  https://watcher.guru/news/gold-to-hit-8000-on-the-back-of-de-dollarization