Seeds of Wisdom RV and Economics Updates Tuesday Morning 6-16-26

Good Morning Dinar Recaps,

Did Oil Markets Bet on Trump and Win on Iran War Pricing?

How political expectations, the Strait of Hormuz, and global energy markets reshaped oil prices during the U.S.-Iran conflict.

Overview

• Oil markets remained surprisingly resilient despite one of the largest disruptions to global energy flows in recent history.

• Investor confidence that diplomacy would prevail helped prevent oil prices from reaching the extreme levels many analysts had expected.

• The reopening of the Strait of Hormuz shifted market sentiment, but rebuilding depleted inventories may keep volatility elevated.

Key Developments

1. Oil Prices Spiked but Avoided Worst-Case Scenarios

Following the U.S.-Israeli strikes on Iran and the disruption of shipping through the Strait of Hormuz, Brent crude climbed from roughly $70 per barrel to nearly $118 before retreating after news of a U.S.-Iran framework agreement. Although the supply shock was significant, prices remained below the peaks many analysts had anticipated.

2. Markets Priced in a Diplomatic Resolution

Many traders appeared to believe that President Donald Trump would not allow oil prices to remain at inflationary levels for an extended period. This expectation—often described by analysts as the "Trump Put"—led markets to anticipate a negotiated settlement rather than prolonged disruption.

3. Global Supply Buffers Prevented a Larger Crisis

Strategic petroleum reserves, commercial inventories, and weaker-than-expected demand from several major economies helped stabilize markets. Even with an estimated 1.4 billion barrels of disrupted supply, the global energy system absorbed much of the shock.

Why It Matters

This episode demonstrated that modern oil markets are influenced as much by political expectations as by physical supply and demand. Investors increasingly evaluate the likelihood of government intervention, diplomatic negotiations, and geopolitical decisions alongside traditional market fundamentals.

The rapid easing in prices following news of a diplomatic breakthrough also highlights how quickly financial markets can reprice geopolitical risk, affecting inflation expectations, central bank policy, transportation costs, and global investment decisions.

Why It Matters to Foreign Currency Holders

For those following the Global Financial Reset or potential currency revaluations, energy prices remain one of the most influential drivers of global monetary policy. Lower oil prices can help ease inflation pressures, potentially allowing central banks greater flexibility with interest rates and liquidity policies.

However, continued volatility in global energy markets reminds investors that geopolitical events remain a major factor influencing currencies, sovereign debt, and international capital flows.

Implications for the Global Reset

• Pillar 1: Energy

The reopening of the Strait of Hormuz reduces immediate risks to global energy supplies, but the conflict exposed the vulnerability of critical shipping lanes that underpin the world economy.

• Pillar 2: Markets & Monetary Policy

The crisis illustrated how geopolitical developments now directly influence inflation expectations, central bank decisions, and investor confidence, reinforcing the growing connection between global politics and financial markets.

Looking Ahead

Although the preliminary U.S.-Iran agreement eased immediate concerns, markets will closely monitor:

• Implementation of the ceasefire framework

• Restoration of normal shipping through the Strait of Hormuz

• Rebuilding depleted global oil inventories

• Future U.S.-Iran nuclear negotiations

• Potential changes in global inflation and interest-rate expectations

While the immediate crisis has eased, energy markets remain sensitive to geopolitical developments, meaning further volatility cannot be ruled out.

This is not just politics—it’s global finance restructuring before our eyes.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "Did Oil Markets Bet on Trump and Win on Iran War Pricing?"

• Reuters — Coverage of global oil markets, U.S.-Iran tensions, and energy market developments.

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🌱 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

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

What Is Monetary Policy?

What Is Monetary Policy?

By  Kimberly Amadeo   Updated on June 15, 2022

Definitions and Examples of Monetary Policy

Monetary policy increases liquidity to create economic growth. It reduces liquidity to prevent inflation. Central banks use interest rates, bank reserve requirements, and the number of government bonds that banks must hold. All these tools affect how much banks can lend. The volume of loans affects the money supply.

The money supply includes forms of credit, cash, checks, and money market mutual funds. The most important of these forms of money is credit. Credit includes loans, bonds, and mortgages. 

In a recession, central banks might combat high unemployment by giving banks more money. Banks in turn lower interest rates, which allows businesses to hire more employees. This is an example of expansionary monetary policy.1

How Does Monetary Policy Work?

Central banks have three monetary policy objectives. The most important is to manage inflation. The secondary objective is to reduce unemployment, but only after controlling inflation. The third objective is to promote moderate long-term interest rates.2

The U.S. Federal Reserve, like many other central banks, has specific targets for these objectives. It wants the core inflation rate to be around 2%.3 Beyond that, it prefers a natural rate of unemployment of between 3.5% and 4.5%.4

The Fed's overall goal is healthy economic growth. That's a 2% to 3% annual increase in the nation's gross domestic product.5

Types of Monetary Policy

Central banks use contractionary monetary policy to reduce inflation. They reduce the money supply by restricting the volume of money banks can lend. The banks charge a higher interest rate, making loans more expensive. Fewer businesses and individuals borrow, slowing growth.

Central banks use expansionary monetary policy to lower unemployment and avoid recession. They increase liquidity by giving banks more money to lend. Banks lower interest rates, making loans cheaper. Businesses borrow more to buy equipment, hire employees, and expand their operations. Individuals borrow more to buy more homes, cars, and appliances. That increases demand and spurs economic growth.1

Monetary Policy vs. Fiscal Policy

Ideally, monetary policy should work hand-in-glove with the national government's fiscal policy. It rarely works this way. Government leaders get re-elected for reducing taxes or increasing spending. As a result, they adopt an expansionary fiscal policy. To avoid inflation in this situation, the Fed is forced to use a restrictive monetary policy.6

For example, after the Great Recession, Congress became concerned about the U.S. debt. It exceeded the debt-to-GDP ratio of 100%.7 As a result, fiscal policy became contractionary just when it needed to be expansionary. To compensate, the Fed injected massive amounts of money into the economy with quantitative easing.8 

Monetary Policy Tools

All central banks have three tools of monetary policy in common.

Open Market Operations

Central banks all use open market operations (OMO). With OMO, the central bank can create new money by buying government securities, such as Treasury bonds, and issuing new money. The central bank can likewise contract the money supply by selling those securities from its balance sheet and removing the money received from circulation.9

The Reserve Requirement

The reserve requirement is when the central banks tell their members how much money they must keep on reserve each night. Not everyone needs all their money each day, so it is safe for the banks to lend most of it out. That way, they have enough cash on hand to meet most demands for redemption. Previously, this reserve requirement has been 10%. However, effective March 26, 2020, the Fed has reduced the reserve requirement to zero.10

When a central bank wants to restrict liquidity, it raises the reserve requirement. That gives banks less money to lend. When it wants to expand liquidity, it lowers the requirement. That gives members banks more money to lend. Central banks rarely change the reserve requirement because it requires a lot of paperwork for the members.

The Discount Rate

The discount rate is how much a central bank charges members to borrow funds from its discount window. It raises the discount rate to discourage banks from borrowing. That action reduces liquidity and slows the economy. By lowering the discount rate, it encourages borrowing. That increases liquidity and boosts growth.11

In the United States, the Federal Open Market Committee typically sets the discount rate higher than the federal funds rate. The Fed prefers banks to borrow from each other.12

Other Tools

Most central banks have many more tools that work together to manage bank reserves.

The Fed has two other major tools it can use. It is most well-known is the Fed funds rate. This rate is the interest rate that banks charge each other to store their excess cash overnight. The target for this rate is set at the FOMC meetings. The fed funds rate impacts all other interest rates, including bank loan rates and mortgage rates.13

Read more about the most recent Federal Open Market Committee (FOMC) meeting and changes to the fed funds rate here.

To Continue Read More Here:  https://www.thebalancemoney.com/what-is-monetary-policy-objectives-types-and-tools-3305867

Tuesday Iraq News Posted by Tishwash at TNT 6-16-2026

TNT:

Tishwash:  Partnership, security, investment, and Trump invites al-Zaidi to visit  Washington in mid-July

Iraq and the United States affirmed on Tuesday their commitment to strengthening a "strong and mutually beneficial" strategic partnership that includes security, energy, and investment, as well as supporting political and economic stability in the country.

This came in a joint statement issued today by Iraqi Prime Minister Ali al-Zaidi and US President Donald Trump's special envoy Tom Barrack.

According to the statement, Al-Zaidi and Barak reaffirmed the shared commitment of the Iraqi and US governments to establishing a strong and mutually beneficial US-Iraqi partnership capable of fulfilling the aspirations of Iraqis for a future of sovereignty, security and prosperity, and providing tangible benefits to the Iraqi and American people.

Barak conveyed President Trump's desire to receive the Prime Minister at the White House in mid-July to discuss the future of this relationship.

According to the statement, the two sides discussed the Iraqi government’s shared and ambitious vision for building a brighter future free from terrorism, and implementing Iraqi plans aimed at the complete disarmament and disbanding of all armed groups and formations operating outside the authority and control of the Iraqi state, confining weapons to the state, and imposing full sovereignty, in order to ensure that Iraq is kept away from conflicts and that its territory is not used by any party to threaten regional peace, while emphasizing the urgent need to fully accomplish these efforts.

The Prime Minister reiterated Iraq’s commitment to deepening trade and investment relations between the two countries, which Barak welcomed as a shared approach.

Both sides also commended Iraq’s decision to finalize the granting of the operating license to Starlink to provide world-class internet services to Iraqi consumers, launch negotiations with Chevron to develop the West Qurna-2 and Nasiriyah oil fields, enable American companies HKN, Western Zagros and Hunt to resume their operations with full security guarantees, move forward with the memorandum of understanding with TI Capital to rehabilitate the Kirkuk-Banias pipeline as a vital oil export route, and commit to expanding trade cooperation between the United States and Iraq to support Iraq’s electricity needs, including Excelerate Energy’s project to develop a floating liquefied natural gas (LNG) import terminal in Khor Al-Zubair.

Both sides also stressed the importance of supporting a strong, united, sovereign, federal, democratic Iraq based on well-established constitutional institutions, and ensuring full equality for all citizens, thereby enhancing Iraq’s unity, stability, and prosperity.  link

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Tishwash:  American efforts to strengthen economic presence in Iraq through investments and joint projects

Political sources confirmed that the anticipated talks between Iraq and the United States will not be limited to security and political aspects, but will also include important economic and investment files aimed at strengthening cooperation between the two sides.

She indicated that the US administration seeks, during the next phase, to expand its economic presence in Iraq and the region, by encouraging investments and joint projects in the energy, infrastructure, transportation and services sectors, in a way that contributes to supporting economic development and stimulating growth.

She added that Washington has adopted a new approach based on combining security and economic tools, stemming from the conviction that sustainable stability cannot be achieved without providing an attractive investment environment capable of supporting economic growth and creating job opportunities.

She pointed out that these trends come within the framework of broader efforts to strengthen regional economic partnerships and support development projects, in order to achieve common interests and contribute to consolidating long-term stability.  link

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Tishwash:  American Trade Delegation Arrives in Erbil, PM Barzani to Meet Delegation, Investment Board Chief Says

Mohammad Shukri, Chairman of the Kurdistan Region Investment Board, told Kurdistan24 in an exclusive interview on Monday that the delegation represents a major American company with operations in 18 countries.

An American trade and investment delegation has arrived in Erbil to explore investment opportunities, particularly in strategic industries outside the oil sector.

Mohammad Shukri, Chairman of the Kurdistan Region Investment Board, told Kurdistan24 in an exclusive interview on Monday that the delegation represents a major American company with operations in 18 countries. He said the visitors are scheduled to meet with Prime Minister Masrour Barzani to discuss expanding commercial cooperation and launching large-scale projects across the Kurdistan Region.

Shukri stressed that the Kurdistan Regional Government (KRG) is pursuing a strategy of diversifying its revenue sources and views American investment as a key component of that effort. He highlighted urban development, healthcare, and tourism as priority sectors for future cooperation.

"The Prime Minister wants these global companies to see the reality on the ground firsthand and to implement strategic projects in the Kurdistan Region in the future," Shukri said.

He also revealed that a special economic forum bringing together the Kurdistan Region and the U.S. Chamber of Commerce will be held in Washington next July, as part of broader efforts to attract foreign capital and deepen bilateral economic relations.

According to the latest data from the General Directorate of Company Registration, 169 American companies are currently registered in the Kurdistan Region. Of those, 155 are based in Erbil and are active in a range of commercial sectors.

The latest visit builds on growing economic engagement between Washington and Erbil. In October 2025, the KRG Representation in Washington announced that a high-level delegation from the U.S. Chamber of Commerce, accompanied by representatives from leading global firms including Google, IBM, Visa, PepsiCo, and Coca-Cola, visited the Kurdistan Region to assess investment opportunities and review ongoing reform initiatives.

During that visit, Prime Minister Masrour Barzani met with the delegation and outlined the KRG's economic reform agenda, emphasizing efforts to diversify the economy and create a more attractive investment climate. He noted that the Kurdistan Region's young workforce and strategic geographic location make it a gateway for American businesses seeking to expand into Iraq and the wider Middle East.

The American delegation also toured several strategic projects, including the Erbil Rapid Water Emergency Project, and visited the Department of Information Technology to examine the government's digital transformation initiatives and progress toward a paperless administrative system, developments that drew particular interest from technology companies.

Steve Lutes, Vice President of Middle East Affairs at the U.S. Chamber of Commerce, described the earlier mission as "a strong signal" of the Kurdistan Region's economic potential. Meanwhile, Shukri highlighted the incentives available to foreign investors, while U.S. Consul General Wendy Green underscored the importance of public-private partnerships in promoting sustainable economic growth.

The 2025 visit concluded with a tour of the historic Erbil Citadel, symbolizing the deepening relationship between the United States and the Kurdistan Region, a partnership that extends beyond trade and investment to include cultural and people-to-people ties.

The arrival of the new American delegation reflects the KRG's continuing efforts to attract international investors and position the Kurdistan Region as a regional hub for strategic investment and economic development. link

Tishwash:  Abu Kalal: We are keen to support foreign companies operating in the oil sector.

The head of the Media and Communications Commission, Baligh Abu Kalal, affirmed the commission’s commitment to supporting foreign companies operating in the oil sector, based on the importance of this sector in supporting the national economy and promoting development.

A statement issued by the Media and Communications Commission (MCC) and received by Al-Furat News indicated that its Executive Director, Baligh Abu Kalal, met with Ni Chuan, President of PetroChina International in Iraq, the operator of the West Qurna/1 oil field, to discuss several files of mutual interest in the technical and regulatory fields.

During the meeting, Abu Kalal emphasized the MCC's commitment to supporting foreign companies operating in the oil sector, given the sector's importance in bolstering the national economy and promoting development. He also noted the Commission's dedication to providing a stable and flexible regulatory environment that supports investment and facilitates the operations of companies working in Iraq.

The statement added that the meeting also addressed ways to enhance cooperation in training, capacity building, and knowledge transfer, particularly in artificial intelligence and cybersecurity technologies, to develop national expertise and keep pace with rapid technological advancements.

He continued, "Opportunities for cooperation within the framework of the company's social benefit programs were also discussed, particularly initiatives related to the communications, media and information technology sectors, which contribute to supporting development projects, building capacities and enhancing the use of modern technologies in the service of society. Both sides emphasized the importance of strengthening technical partnerships and exchanging experiences in a way that serves the goals of sustainable development and supports technological development projects in Iraq."  link

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Tishwash:  United Nations: The four Iraqi presidencies agree on ensuring a decent life for all citizens.

The UN Assistant Secretary-General and Regional Director of the United Nations Development Programme for Arab States, Abdullah Al-Dardari, confirmed on Monday that the four Iraqi presidencies are in agreement on fighting corruption and adopting a competitive economy to ensure a decent life for all citizens.

Al-Dardari said during a roundtable discussion with several media outlets: "During my visit to Iraq, I had the honor of meeting with the four presidencies and a number of ministers," indicating that "this is evidence of interest in what the United Nations program can offer to Iraq."

He added, "I listened to integrated and consistent visions among the four presidencies regarding the need to move to a strong, competitive Iraq that ensures a decent life for all citizens and public services, with an economy that is not based solely on rent-seeking, but on competitiveness, while fighting corruption, reforming and developing the social protection system, and reforming the support system, as it does not satisfy the citizen and public finances in its current form."

Al-Dardari emphasized, "I was surprised by the depth and breadth of the vision, and most importantly, the strong political consensus among the four presidencies regarding this vision and the boldness in confronting it," noting that "any government that confronts corruption, subsidies, arms control, social protection management, and economic diversification simultaneously is a testament to the boldness of its approach, and we cannot remain as we are."  link

FRANK26….6-15-26….EXCHANGE RATE HEATED !!!

KTFA

Monday Night Video

FRANK26….6-15-26….EXCHANGE RATE HEATED !!!

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

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

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

https://www.youtube.com/watch?v=jXQYcUNv1AE

Iraq Economic News and Points To Ponder Monday Evening 6-15-26

Oil Accounts For 84% Of Iraq's Revenues In Early 2026

2026-06-15 Shafaq News- Baghdad   Oil revenues totaled 26.121 trillion Iraqi dinars ($17B), accounting for 84% of Iraq's total income of 31.163 trillion dinars ($20B) during the first four months of 2026, according to federal government state accounts through April.

Actual spending reached 37.835 trillion dinars ($25B) during the January-April period, leaving a budget deficit of 6.672 trillion dinars ($5B). Non-oil income stood at 5.041 trillion dinars ($4B), representing the remaining 16% of total revenues.

Current expenditures amounted to 36.444 trillion dinars ($24B), while investment spending reached 1.391 trillion dinars ($902M).

Iraq, OPEC's second-largest oil producer, relies on crude exports for about 90% of federal income, a dependence that has come under pressure after the war in Iran disrupted shipping through the Strait of Hormuz, which carries around 20% of global oil supplies. In late March, economic expert Nabil Al-Marsoumi estimated that Iraq had reduced production by around 2.9 million barrels per day, the steepest cut among OPEC members.

Read more: Iraq’s oil bottleneck: Abundance trapped by dependency

https://www.shafaq.com/en/Economy/Oil-accounts-for-84-of-Iraq-s-revenues-in-early-2026

Financial Crisis And A Missing Budget... The Economy Is On The Brink Of Collapse

Information/Report..   The financial situation in Iraq is witnessing escalating challenges in light of the continued pressure on the general budget and the delay in its approval, which raises concerns about the repercussions on the financing of service projects and basic government obligations, at a time when calls are increasing to adopt economic reforms and diversify sources of income to reduce dependence on oil.

In this regard, economic analyst Muayad Al-Ali confirmed in a statement to Al-Maalouma Agency that “the current government is facing increasing financial pressures with regard to financing service and investment projects, in addition to its basic obligations such as employee salaries,” indicating that “this reality poses real challenges to its ability to implement its development programs without affecting financial stability.”

He added that “continuing to rely on oil as the sole source of income makes the Iraqi economy vulnerable to global fluctuations, which necessitates a serious move towards diversifying revenue sources and activating other productive sectors.”

Al-Ali pointed out that “combating corruption and recovering looted funds are a fundamental pillar for improving the financial situation, along with the need to set clear priorities in government spending and focus on service projects that have a direct impact on the lives of citizens.”

He warned that “any expansion of internal or external borrowing without careful study could put pressure on the country’s economic and political decision-making,” stressing that “maintaining financial reserves is an important priority at the present stage.”

He concluded by saying that “the government’s success in the financial file depends on its ability to achieve a balance between securing salaries and financing projects, while adopting a more diversified and sustainable economic policy.”

In the same context, Hussein Al-Daraji, a member of the parliamentary finance committee, stated to Al-Maalouma News Agency that "the current data does not indicate the possibility of approving the general budget during the current year in light of the existing financial and economic challenges."

He added that "the parliamentary finance committee will begin holding intensive meetings during the next legislative session to study suitable alternatives through which the continued funding of state institutions and the covering of necessary expenses can be ensured."

He noted that "the next phase requires developing financial and economic solutions that are appropriate to the current reality and ensure the continued fulfillment of government and service obligations."

He affirmed that "the Finance Committee will work in coordination with relevant authorities to arrive at realistic solutions that contribute to overcoming the existing financial challenges."

It should be noted that the next phase requires more realistic financial and economic measures to ensure the continued funding of state institutions and the coverage of necessary expenditures, along with the need to proceed with structural reforms that contribute to strengthening financial stability and reducing dependence on oil resources as the sole source of revenue. End/25s

https://almaalomah.me/news/135647/report/أزمة-مالية-وموازنة-غائبة-الاقتصاد-على-حافة-الهاوية

Iraq: Between Oil Abundance And Financial Deficit... Calls For Economic Reform

Information/Report...   The Iraqi economy faces a stark paradox that raises many questions in political and public circles. Despite the massive financial inflows resulting from oil sales, official indicators still point to a budget deficit and difficulties in securing public funds. This reality has placed the country's fiscal policy under intense scrutiny, amid escalating warnings about the lack of oversight and the squandering of revenues. Simultaneously, the door has been closed to easy and dangerous solutions such as printing money, leaving the government with only one option: comprehensive structural reform.

 In this regard, former MP Abdul Qadir Muhammad confirmed in a statement to Al-Maalouma Agency that “Iraq witnessed large financial inflows from oil sales that were supposed to be reflected in the service and economic reality, but the weakness of financial management and the absence of oversight contributed to the failure to achieve the desired results.”

He added that “the continued talk about financial difficulties in securing public expenditures reveals the existence of financial waste and weakness in coordination mechanisms between state institutions, which has led to the continuation of the deficit gap despite the available resources.”

He pointed out that “addressing the financial crisis requires tightening control procedures, rearranging public spending priorities, and reducing financial waste, in order to ensure optimal utilization of oil revenues.”

Mohammed concluded by saying that “excessive reliance on oil without genuine economic reforms will keep the economy vulnerable to fluctuations and hinder the government’s ability to achieve sustainable financial stability.” 

In the same context, economic expert Rashid Al-Saadi confirmed in a statement to Al-Maalouma Agency that “the Central Bank cannot print new paper currency to address the financial deficit that the country is experiencing, and its role, according to the prevailing law, is limited to printing replacement currency for torn and worn banknotes, as well as compensating for internal commissions.”

He added that “the Central Bank of Iraq did not resort to printing new paper currency, as this step is considered a violation of Law No. 56 of 2004,” explaining that “the bank relies on a global economic plan to raise the country’s economy according to the prevailing perspective, without the need to resort to printing new currency for fear of experiencing a financial setback.”

Al-Saadi explained that “the country’s economy will recover in the coming period and regain its economic standing without the need for external borrowing.”

Experts believe that escaping the cycle of recurring financial crises lies not in temporary fixes or measures that violate banking laws, but rather in an administrative revolution that controls public spending and curbs waste.

The recovery of the Iraqi economy and avoiding the trap of external borrowing remain contingent on the seriousness of institutions in reducing their dependence on oil and transforming financial surpluses into tangible development projects that improve the quality of services provided to citizens. End/25

https://almaalomah.me/news/135735/report/العراق-بين-الوفرة-النفطية-والعجز-المالي-دعوات-لإصلاح-الاقتصا

Standard & Poor's: The Iraqi Economy Is Moving Steadily Towards Strengthening Financial Sustainability Despite Regional Challenges

Baghdad/ NINA / Standard & Poor's (S&P) credit rating agency issued its June 2026 report, confirming Iraq's rating at (B-/B) and removing the previously assigned credit watch.

The agency stated in its report that "the Iraqi economy is steadily progressing towards strengthening fiscal sustainability despite regional challenges."

It also predicted that "increased oil production during 2026 will be a crucial support for Iraq in the face of global price volatility and surrounding geopolitical tensions." The agency

commended the Iraqi authorities' efforts to redirect some oil export channels following recent events and diversify export routes after Cabinet approval, as part of plans aimed at increasing oil exports and diversifying the country's electricity and gas sources. This has led to investments in power plants and liquefied natural gas during 2025.

The agency also predicted a gradual and sustained recovery in oil production and exports in the second half of the year, with Iraq's real GDP expected to rise by about 13% in 2027.

According to the report, large international reserves, in addition to liquid assets directly available to the government (estimated at about 11% of GDP, including foreign deposits), will provide Iraq with some flexibility, including the ability to meet its debt obligations in both local and foreign currencies on time and in full.  

https://www.ninanews.com/Website/News/Details?key=1301511

Seeds of Wisdom RV and Economics Updates Monday Evening 6-15-26

Good Evening Dinar Recaps,

CLARITY Act Nears Senate Vote as Crypto Industry Pushes for Regulatory Breakthrough

Lawmakers, regulators, and industry leaders prepare for a pivotal Chicago summit that could shape the future of U.S. digital asset regulation.

Overview

• Momentum is building for the CLARITY Act as lawmakers and crypto industry leaders signal that the legislation may soon reach the U.S. Senate floor for a vote.

• A high-level summit in Chicago will bring together policymakers, regulators, investors, and blockchain leaders to discuss the future of digital asset regulation and possible revisions to the bill.

• Industry advocates are urging Congress to preserve key protections for blockchain developers, warning that weakening the legislation could drive innovation and investment overseas.

Key Developments

1.The CLARITY Act is moving closer to a Senate floor vote, with growing optimism among lawmakers and the digital asset industry despite remaining negotiations.

2.The Blockchain Regulatory Certainty Act (BRCA) remains one of the bill's most important provisions, protecting non-custodial developers, validators, and node operators from being classified as money transmitters.

3.Representative Dusty Johnson is expected to address the Chicago summit and discuss how House lawmakers view potential Senate amendments before final legislation advances.

Why It Matters

The CLARITY Act represents one of the most significant attempts to establish a clear regulatory framework for digital assets in the United States. By defining regulatory responsibilities and clarifying legal protections for blockchain participants, the legislation seeks to provide greater certainty for businesses, investors, and developers.

Supporters argue that regulatory clarity would encourage investment, innovation, and job creation, while helping the United States remain competitive in the rapidly evolving global digital asset economy.

Why It Matters to Foreign Currency Holders

Many observers view blockchain technology, tokenized assets, and regulated digital currencies as important components of the future financial system. Although the CLARITY Act does not involve foreign currency revaluations, it could strengthen the legal foundation for digital financial infrastructure that may eventually support faster cross-border payments, tokenized markets, and evolving international settlement systems.

For those following broader monetary changes, the legislation represents another step toward the modernization of global finance.

Implications for the Global Reset

Pillar 1: Technology

The CLARITY Act supports the development of regulated blockchain infrastructure, helping establish legal certainty for digital assets and encouraging innovation within the U.S. financial system.

• Pillar 2: Financial Infrastructure

Clear digital asset regulations could accelerate the adoption of tokenized financial markets, blockchain-based settlement systems, and next-generation payment networks, all of which are important building blocks in the ongoing modernization of global finance.

Looking Ahead

Attention now turns to the upcoming Chicago summit and subsequent Senate negotiations. Lawmakers must still resolve outstanding issues involving the BRCA, ethics provisions, and crypto crime enforcement before scheduling a final Senate vote.

If the legislation advances, it could become one of the most consequential U.S. financial regulatory reforms affecting digital assets, blockchain innovation, and the future competitiveness of the American financial system.

This is not just politics — it's global finance restructuring before our eyes.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• CoinGape — "CLARITY Act Nears Senate Floor Vote As Lawmakers & Industry Set To Meet In Chicago"

• Reuters — Coverage of U.S. cryptocurrency regulation and digital asset policy developments

~~~~~~~~~~

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Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Gold Telegraph: Things Always Fall into Place

Gold Telegraph: Things Always Fall into Place

6-15-2026

One of the great ironies of modern history.

President Richard Nixon told Judy Shelton: “I know very little about monetary policy.”

Think about that. The same president who closed the gold window in 1971 made one of the most consequential monetary decisions in human history. A decision that ended Bretton Woods, severed the dollar’s link to gold, and reshaped the global financial system. More than 50 years later, the world is still living with the consequences.

Watch the full film: https://youtube.com/watch?v=USGjSU5yXh8&t=113s

Nothing has changed. Gold is moving back into the centre of the monetary system. The majority follow the day-to-day price, which is fine. This global debt problem is a slow-moving train that needs to be addressed, and I bet that it will largely be dealt with through debasement…

The United States now carries over $39 trillion in debt, faces trillions in long-term liabilities, and depends on a monetary system that requires ever-growing debt and liquidity to function. And many are worried about gold? But what do I know… Numbers on numbers.

BREAKING NEWS: SINGAPORE BANK DBS TO OFFER TOKENIZED GOLD TO RETAIL CUSTOMERS

Starting to add up…

“Each token is backed by one gram of physical gold held by DBS in a dedicated vault in Singapore…”

https://www.coindesk.com/business/2026/06/11/singapore-bank-dbs-to-offer-tokenized-gold-to-retail-customers

Goldman has increased its forecast for the copper deficit outside the United States from 60,000 tonnes to 640,000 tonnes. Ten times larger. In a market already struggling to find enough metal. The copper crunch is no longer a future problem. Not many are watching this…

Things always fall into place when you study the patterns of history. You just have to look.

BREAKING NEWS: SINGAPORE PLANS TO LAUNCH A GOLD-CLEARING SYSTEM THIS YEAR WITH BANKS INCLUDING JPMORGAN

The gold world continues to change…

“The Singapore Exchange will establish the over-the-counter clearing mechanism…”

Source: https://www.bloomberg.com/news/articles/2026-06-15/singapore-to-begin-gold-clearing-this-year-in-push-to-become-hub

Source(s):
• https://x.com/GoldTelegraph_/status/2064380840809738357

https://dinarchronicles.com/2026/06/15/gold-telegraph-things-always-fall-into-place/

News, Rumors and Opinions Monday 6-15-2026

KTFA:

Henig: IMO: New industrial clusters equals more industrial output, meaning more money coming into Vietnam. Interesting.

Phú Thọ establishes first three industrial clusters after provincial merger

 June 15, 2026 - 17:07

New clusters will create fresh momentum for industrial development while marking the start of infrastructure investment projects aimed at improving the province’s investment climate and promoting modern, synchronised and sustainable industrial growth.

 HÀ NỘI — The People's Committee of Phú Thọ Province on Monday announced the establishment of three industrial clusters: Đầm Đuống Industrial Cluster in Đại Đồng Commune, Yên Phương Craft Village Industrial Cluster in Tam Hồng Commune and Sơn Lôi Industrial Cluster in Bình Nguyên and Bình Tuyền communes.

Speaking at the ceremony, Trần Quang Tuấn, director of the provincial Department of Industry and Trade, said these were the first industrial clusters established since the formation of the new Phú Thọ Province through the merger of Hòa Bình, Vĩnh Phúc and Phú Thọ provinces.

Tuấn said the new clusters would create fresh momentum for industrial development while marking the start of infrastructure investment projects aimed at improving the province’s investment climate and promoting modern, synchronised and sustainable industrial growth.

Under the province’s Industrial Cluster Development Plan for 2026–2030, with a vision to 2050, Phú Thọ is expected to develop 133 industrial clusters. So far, the provincial authorities have approved 66 clusters, gradually building a comprehensive infrastructure network to support socio-economic development.

“The establishment of these clusters is particularly significant as Phú Thọ enters a new development phase following the merger,” Tuấn said, adding that they are expected to attract investment, support the growth of key industries, manufacturing and processing sectors, and help relocate scattered production facilities with potential environmental risks into concentrated industrial zones.

At the event, the Department of Industry and Trade also announced the investors responsible for developing the clusters’ technical infrastructure. HSC Đại Đồng High-Tech Paper Joint Stock Company will develop Đầm Đuống Industrial Cluster, 18.9 Investment and Industrial Development Co., Ltd. will develop Yên Phương Craft Village Industrial Cluster, while Trí Đức Investment Group JSC will invest in Sơn Lôi Industrial Cluster.

Tuấn noted that the participation of these investors reflects confidence in the province’s business environment and will encourage continued administrative reforms and stronger support for enterprises. — VNS

https://vietnamnews.vn/economy/1783486/phu-tho-establishes-first-three-industrial-clusters-after-provincial-merger.html

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Clare:  KRG Delegation to Visit Baghdad for Talks on ASYCUDA, Non-Oil Revenues, and Oil Exports

6/14/2026

 A high-level delegation from the Kurdistan Regional Government (KRG) is set to visit Baghdad on Tuesday to discuss a number of financial and energy-related issues.

According to sources, negotiations are scheduled to begin on Wednesday, with discussions centered on the implementation of the ASYCUDA system, declining non-oil revenues, and security guarantees for foreign oil companies.

Composition of the Delegation

Channel8 has learned from an informed source that the delegation will include the Minister of Finance and Economy, the Minister of Natural Resources, the President of the Diwan of the Council of Ministers, the Secretary of the Council of Ministers, and a representative from the Ministry of Interior.

Key Issues on the Negotiation Agenda

According to the available information, negotiations will officially begin on Wednesday and will focus on three main files: implementation of the ASYCUDA automated customs system, non-oil revenues and the federal treasury’s share, and the resumption of Kurdistan Region oil exports alongside meeting the requirements of international oil companies.

Previous Understandings on the ASYCUDA System

During previous rounds of talks between the KRG and the federal government, both sides reached an understanding regarding the ASYCUDA system, agreeing that the Kurdistan Region’s local regulations at border crossings concerning customs duties on goods and supplies should be taken into consideration.

The latest Council of Ministers meeting strongly reaffirmed the commitment to this understanding.

Dispute Over Non-Oil Revenues and Federal Demands

On non-oil revenues, the federal government continues to insist that the KRG transfer 120 billion Iraqi Dinars (IQD) each month.

The Kurdistan Regional Government, however, is seeking to reduce the fixed amount, arguing that local revenues have dropped by 70% due to wartime conditions in the region and the administrative transition to the ASYCUDA system.

Oil Output and Security Demands from Foreign Companies

Oil production and exports in the Kurdistan Region have declined sharply to approximately 75,000 barrels per day, with around 55,000 barrels allocated for domestic use and the remainder exported.

International oil companies have suspended most of their operations and are demanding stronger security guarantees from both Erbil and Baghdad before resuming full-scale production. LINK

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

Sandy IngramThe Central Bank of Iraq is being accused of printing new dinars.  The CBI says this is not true.  They say they are not printing new dinars to cover government spending.  Instead they say recent operations were part of normal financial management involving Treasury instruments, not reckless money creation...Iraq is facing serious spending pressure.  Whenever people...print money, they fear inflation, currency weakness and change to the Iraqi dinar value...The CBI is trying to calm the market before the rumors become panic.  What this report shows us is the people of Iraq have a clear understanding of what printing extra or more IQD banknotes is all about...Iraq has a law against printing new money. 

Jeff  Question: "With Iraq's 2026 budget being considered a 'program budget' and the World Bank assisting, is this an international reflection?"  Yes, but indirectly.  I would not say that the '26 program budget itself means Iraq is going international in the sense of revaluing the dinar or suddenly entering global markets overnight.  However it does fit the pattern of reforms that countries implement when they are trying to become more integrated into the international financial system...The '26 budget is probably not the event itself, but it may be one of the prerequisites for becoming more integrated into the international financial investment system...This is part of that transitional transformational step as Iraq is going international...

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The Last Exit Before a Currency Reset? | GOLD RUSH HOUR

Taylor Kenny:  6-14-2026

Inflation is back in the headlines—but are the official numbers telling the full story? In this episode, we explore the disconnect between official inflation data and real-world price increases, the growing threat of CBDCs, and the historical role of gold and silver during periods of currency instability.

https://www.youtube.com/watch?v=l87_Y1KhNwE

Iraq Economic News and Points To Ponder Monday Afternoon 6-15-26

Crude Prices Fall To March Lows On US-Iran Accord

2026-06-15 Shafaq News    Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump ‌and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.

Brent crude futures fell $4.08, or 4.7%, to $83.25 a barrel by 0415 GMT and U.S. West Texas Intermediate was at $80.53, down $4.35, or 5.1%. Both contracts ​fell to their lowest levels since March 10 on Monday after tumbling more than 3% on Friday.

The U.S. and ​Iran will sign a memorandum of understanding in Switzerland on Friday, said the prime minister of ⁠Pakistan, whose country has served as a mediator. Trump said on Sunday that the Strait of Hormuz would be open "toll ​free" and that a U.S. naval blockade of Iranian ports would also end.

Iran's semi-official Mehr news agency said the draft​deal called for reopening the Strait of Hormuz within 30 days under Iranian arrangements.

"The geopolitical risk premium that had been built into crude is now being unwound quite aggressively as traders price in the prospect of restored oil flows," said Tim Waterer, chief market analyst at KCM Trade.

The ​world has lost millions of barrels of oil and gas supply since the war closed the Strait of Hormuz, a ​chokepoint for a fifth of the world's oil and liquefied natural gas supplies, for more than three months.

Investors are also watching cautiously how ‌quickly ⁠Middle Eastern producers can resume oil production and exports following damage from the war and whether more ships will enter the region.

"While these uncertainties suggest upside risks to our forecast for Brent oil futures to reach $80/bbl by the end of the year, it's worth noting that oil flows through the Strait of Hormuz just needs to reach 60-70% of pre-war levels to return ​oil markets to pre-war oversupply​expectations," Vivek Dhar, a ⁠commodities strategist at Commonwealth Bank of Australia, said in a note.

Iran's deputy foreign minister, Kazem Gharibabadi, said a more expansive agreement would be negotiated during a 60-day ceasefire period.

E4 nations, which ​include the UK, France, Germany and Italy, said on Sunday the countries were prepared to lift ​sanctions on Iran ⁠in response to steps on its nuclear programme.

"Beyond the immediate price reaction, attention will now shift toward the pace of actual supply normalization and compliance with the agreement," said Priyanka Sachdeva, senior market analyst at Phillip Nova.

"While the conflict may have come to ⁠an end ​and oil flows through the Strait of Hormuz may gradually return to ​normal, the damage already done cannot be reversed overnight. This includes not only any physical damage to oil infrastructure but also the economic strain endured by​oil importing economies that have faced elevated energy costs for months."

(Reuters)   https://www.shafaq.com/en/Economy/Crude-prices-fall-to-March-lows-on-US-Iran-accord

https://www.shafaq.com/en/Economy/Crude-prices-fall-to-March-lows-on-US-Iran-accord

Baghdad Requests Extension Of Kirkuk-Ceyhan Oil Deal

 2026-06-15 Shafaq News- Baghdad     Iraq has formally asked Turkiye to extend the agreement covering the oil pipeline linking Kirkuk to the Turkish port of Ceyhan for at least one year, seeking additional time to negotiate a new arrangement for crude exports through the route.

Ali Nizar, Iraq's State Oil Marketing Organization (SOMO) chief, also told Reuters that the country exported around 12 million barrels of crude through its southern ports since the beginning of June.

The Kirkuk-Ceyhan accord is set to expire on July 27, ending decades of cooperation on oil shipments between Iraq and Turkiye.     https://www.shafaq.com/en/Economy/Baghdad-requests-extension-of-Kirkuk-Ceyhan-oil-deal

US Dollar Edges Lower In Baghdad And Erbil

2026-06-15 Shafaq News- Baghdad/ Erbil   The US dollar opened Monday’s trading lower in Iraq, hovering around 154,500 dinars per 100 dollars in Baghdad and Erbil.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya central exchanges at 154,200 dinars per 100 dollars, down from 154,600 dinars recorded on Sunday.

In the Iraqi capital, exchange shops sold the dollar at 154,750 dinars per 100 dollars and bought it at 153,750 dinars.

In Erbil, the dollar was selling at 153,850 dinars per 100 dollars and buying at 153,800 dinars.

https://www.shafaq.com/en/Economy/US-Dollar-edges-lower-in-Baghdad-and-Erbil

Iraq-Jordan Power Link Expected To Finish In Three Months

2026-06-15 Shafaq News- Al-Anbar   The Iraq-Jordan electricity interconnection project has entered its final stages, with the transmission line linking Al-Rutba and Al-Qaim districts in western Al-Anbar province expected to be completed within the next three months, a senior local official told Shafaq News on Monday.

Al-Rutba District Commissioner (Qaimaqam) Imad Al-Dulaimi said the district has received uninterrupted electricity from Jordan for nearly three years through a 132-kilovolt line. The expansion will increase transmission to 400 kilovolts and extend coverage to Al-Qaim.

The first stage is expected to add around 200 megawatts to Iraq's grid through the National Control Center of the Electricity Ministry, Al-Dulaimi noted, while stressing that broader reforms remain necessary. Those efforts include linking Iraq to the Gulf power network and expanding domestic production, including the planned Al-Anbar thermal power station.

Official figures show Al-Anbar currently receives between 600 and 650 megawatts, compared with demand estimated at 2,700 to 3,000 megawatts, limiting service to six to eight hours a day.

Former Electricity Minister Ziad Ali Fadhil inaugurated the initial phase in Al-Rutba in March 2024.

Iraq remains heavily reliant on electricity and gas imports from Iran, particularly during the summer. The challenge has intensified since Washington revoked a sanctions waiver that allowed Baghdad to continue purchasing Iranian energy. Electricity Minister Ali Saad Waheeb this month ordered the creation of a central emergency operations room after ministry officials warned that lower domestic gas output and a 50% drop in imports from Iran could strain the system during the summer of 2026.

Read more: Iraq power 2026: war on Iran collapses the grid's last defenses

https://www.shafaq.com/en/Economy/Iraq-Jordan-power-link-expected-to-finish-in-three-months

Gold Prices Rise In Baghdad And Erbil

2026-06-15 Shafaq News- Baghdad/ Erbil   Gold edged higher in Baghdad and Erbil on Monday, hovering around 930,000 IQD per mithqal, according to Shafaq News market survey.

Wholesale prices on Baghdad's Al-Nahr Street recorded a selling price of 935,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 931,000 IQD, up from Sunday’s 917,000 IQD.

The selling price for 21-carat Iraqi gold stood at 905,000 IQD, with a buying price of 901,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 935,000 and 945,000 IQD, while Iraqi gold sold for between 905,000 and 915,000 IQD.

In Erbil, 22-carat gold was sold at 988,000 IQD per mithqal, 21-carat gold at 943,000 IQD, and 18-carat gold at 808,000 IQD.   https://www.shafaq.com/en/Economy/Gold-prices-rise-in-Baghdad-and-Erbil-5-7

Weekly Trading Value On Iraq Bourse Plunges 94%

2026-06-15    Shafaq News- Baghdad   The Iraq Stock Exchange (ISX) recorded more than four billion Iraqi dinars (roughly $3M) in trading value last week, marking a 94% decrease compared with the previous week.

According to market data, 2.699 billion shares were traded worth 4.390 billion dinars, down 96% in volume from last week, through 6,278 transactions.

The ISX60 index closed at 954.14 points, reflecting a 0.37% decrease from the previous session.

Investors traded shares of 57 companies, while 35 others saw no activity due to unmatched buy and sell orders. Eleven companies remained suspended for failing to submit required disclosures.

Non-Iraqi investors purchased 456 thousand shares worth one million dinars through five transactions, while selling 15 million shares valued at 60 million dinars through 44 transactions.

The Iraq Stock Exchange holds five trading sessions per week, from Sunday to Thursday, and includes 104 listed Iraqi joint-stock companies representing the banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotel, and service sectors. https://www.shafaq.com/en/Economy/Weekly-trading-value-on-Iraq-bourse-plunges-94

Seeds of Wisdom RV and Economics Updates Monday Afternoon 6-15-26

Good Afternoon Dinar Recaps,

Trump, Trade and Iran: G7 Summit Tests Western Unity Amid Global Economic Shifts

Leaders gather in France facing trade disputes, Middle East diplomacy, Ukraine, and China's growing influence over critical supply chains.

Overview

• The 2026 G7 Summit opens amid overlapping geopolitical and economic challenges, including trade disputes, the aftermath of the U.S.-Iran conflict, the war in Ukraine, and strategic competition with China.

• President Donald Trump's renewed tariff threats against France have heightened tensions among Western allies, raising questions about the unity of the G7.

• The recent U.S.-Iran framework agreement has shifted global attention toward energy security, sanctions, and the next phase of nuclear negotiations.

Key Developments

1.Trump renewed trade pressure by threatening tariffs on French exports unless France drops its digital tax on major U.S. technology companies.

2.The U.S.-Iran framework agreement changed the summit's agenda, with leaders expected to focus on implementation, the reopening of the Strait of Hormuz, sanctions relief, and future nuclear negotiations.

3.Critical minerals, supply-chain security, and reducing dependence on China remain central topics as G7 nations seek stronger economic resilience and strategic coordination.

Why It Matters

The G7 represents many of the world's largest advanced economies, making its decisions highly influential for global trade, financial markets, energy security, inflation, and investment flows. Although the U.S.-Iran agreement has eased immediate concerns over oil supplies, growing disagreements over tariffs, industrial policy, and China's expanding influence continue to challenge Western unity.

The summit's outcomes could shape future cooperation on trade, sanctions, monetary policy, critical minerals, and global economic stability.

Why It Matters to Foreign Currency Holders

Foreign currency holders continue watching developments that may reshape the international monetary system. Trade realignment, sanctions policy, energy security, and diversification away from traditional supply chains all contribute to ongoing discussions surrounding reserve currencies, cross-border payment systems, and future monetary reforms.

Any agreements reached on trade, energy, or strategic cooperation could influence currency values, capital flows, and the evolution of the global financial system.

Implications for the Global Reset

• Pillar 1: Trade

The G7's focus on critical minerals, supply-chain resilience, and reducing dependence on China reflects the accelerating shift toward a more diversified and multipolar global trading system.

• Pillar 2: Energy

The U.S.-Iran diplomatic breakthrough and the potential reopening of the Strait of Hormuz could stabilize global energy markets, reduce inflationary pressures, and improve confidence across financial markets.

Looking Ahead

Markets will closely watch the summit's final communique for signs of unity on trade policy, Ukraine, Iran, China, and critical minerals. Investors will also monitor progress on implementing the U.S.-Iran agreement and whether trade tensions between Washington and Europe intensify.

The decisions made at this summit could influence global growth, inflation, energy prices, supply chains, and financial cooperation throughout the remainder of 2026.

This is not just politics — it's global finance restructuring before our eyes.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

Reuters — Coverage of the 2026 G7 Summit, U.S.-Iran diplomacy, and global trade discussions

Modern Diplomacy — "Trump, Trade and Iran: Key Challenges Facing G7 Leaders in France"

~~~~~~~~~~

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Congress Passed 133 Broadband Programs. Its Big Idea Is A 134th

Congress Passed 133 Broadband Programs. Its Big Idea Is A 134th

Notes from the Field By James Hickman (Simon Black / Sovereign Man) June 15, 2026

There are things that a free market will never do, and it’s usually for very good reasons.  Running fiber-optic cable down a twelve-mile dirt road costs a fortune, and the handful of households scattered along that road will never pay enough in monthly bills to justify the cost of laying the cable.

That’s why private companies don't bother laying fiber in rural areas: the math doesn't work.

But living out in the country is a choice— one that plenty of people gladly make. Some people value the space, the quiet, and the empty horizon far more than same-day Amazon delivery or 1 gigabit Internet.

And most people typically know about these trade-offs before they move out to the country. Urban and suburban conveniences are just that— conveniences. They are not inalienable “rights”. No one is entitled to fast internet.

Yet Congress has decided at least 133 times that fast Internet, is, in fact, a right. And one that they have decided to provide with your money.

Its biggest program is the Broadband Equity, Access, and Deployment program, known as BEAD. It was created in 2021 as part of Joe Biden’s staggering infrastructure bill, and over $42 billion was allocated to wire up rural America.

Five years later it has connected almost nobody. The first BEAD-funded household in the entire country came online only this spring— a single home near Ogallala, Nebraska, hooked up in May 2026. About a hundred more followed in rural Louisiana. That was the triumphant achievement of five years and ridiculous money spent: a couple hundred connected homes.

BEAD is far from alone. In 2023, the Government Accountability Office— Congress's own watchdog— set out to count the federal government's broadband programs and found more than 133 of them, scattered across 15 separate agencies.

These programs are largely similar yet have no coordinated plan to prevent overlap, or wiring the same stretch of dirt twice.

The GAO told them to sort it out. When it checked back in 2025, most of the work hadn't been touched.

So what do you do about 133 overlapping programs and a flagship that spent billions to connect a couple hundred homes?

If you’re the United States Congress, you add a 134th broadband program!

On June 3, the House Rules Committee advanced next year's Agriculture spending bill with  fresh loans and grants for the US Department of Agriculture's ReConnect program— the 134th rural broadband fund, stacked on the $42 billion one that barely works and the 133 others nobody can keep track of.

A private company that spends so much money to connect a couple hundred homes would be bankrupt, and its executives likely facing criminal charges. A federal agency that does it gets a sequel.

What makes it worse is that the problem was already solved by the free market.

Anyone at the end of a dirt road can order a Starlink dish online and have high-speed internet running within about a week— no federal fiber, no years-long wait, no act of Congress.

For that $42 billion price tag, the US taxpayer could have bought a Starlink dish for every one of the top-end estimate of 12 million unserved households in America AND prepaid their internet service for the next five years.

So where did that money go?

It is egregious. The government borrows $2 trillion a year to do this sort of garbage, and acts like a single dollar cut from the budget would throw single mothers out on the streets. They literally wail that “people will die”.

And half the country thinks the answer is to collect more in taxes!

Keep in mind, this $42 billion is part of the legitimate spending — not the $600 billion a year the Treasury Secretary estimates is lost to outright fraud, the $186 billion in improper payments the government admits to, or the hundreds of billions in legal graft on top.

All that borrowing and waste gets paid for one way or another— a weaker dollar, higher taxes, more inflation.

You can’t change any of that. But just like those people without internet on a dead-end road, you do have a choice.

That choice is a Plan B.

The tools to route around Congress already exist.

Owning real assets— gold, silver, energy, productive technology, and the well-managed businesses that produce them— protects your purchasing power when the government reaches for the printing press.

Moving some savings into stronger jurisdictions, establishing a second residency, and taking every legal step to cut your tax bill all mean that no single government's incompetence has total claim over your life.

None of it requires predicting the next crisis. It benefits you, and gives you options, no matter what happens next.

‍ ‍

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

Congress passed 133 broadband programs. Its Big Idea Is a 134th. | Schiff Sovereign