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Seeds of Wisdom RV and Economic Updates Saturday Afternoon 7-5-25
Good Afternoon Dinar Recaps,
BRICS to Launch Guarantee Fund to Boost Investment and Lower Finance Costs
New BRICS Multilateral Guarantee Fund backed by NDB aims to challenge Western financial dominance
▪️ BRICS to announce a new guarantee fund backed by the New Development Bank (NDB) to reduce investment risk and financing costs.
▪️ The BRICS Multilateral Guarantee (BMG) Fund is modeled after the World Bank’s MIGA and will be a central theme at the 17th summit in Rio.
▪️ The initiative signals BRICS' push toward a multipolar financial order—but attracting institutional support will be key to success.
Good Afternoon Dinar Recaps,
BRICS to Launch Guarantee Fund to Boost Investment and Lower Finance Costs
New BRICS Multilateral Guarantee Fund backed by NDB aims to challenge Western financial dominance
▪️ BRICS to announce a new guarantee fund backed by the New Development Bank (NDB) to reduce investment risk and financing costs.
▪️ The BRICS Multilateral Guarantee (BMG) Fund is modeled after the World Bank’s MIGA and will be a central theme at the 17th summit in Rio.
▪️ The initiative signals BRICS' push toward a multipolar financial order—but attracting institutional support will be key to success.
The BRICS alliance—comprising Brazil, Russia, India, China, and South Africa—is preparing to unveil a new financial tool: the BRICS Multilateral Guarantee (BMG) Fund, a mechanism designed to stimulate investment and reduce capital costs among its members.
According to Reuters, the fund will be officially announced during the upcoming 17th BRICS Summit in Rio de Janeiro, hosted by Brazil. The New Development Bank (NDB) will administer the BMG Fund, which is modeled on the World Bank’s Multilateral Investment Guarantee Agency (MIGA).
A Strategic Move Toward Financial Sovereignty
The guarantee fund represents a bold step by BRICS to counterbalance the financial influence of the West, particularly amid concerns over unpredictable U.S. economic policy shifts.
By offering in-house guarantees on investments made within the bloc, the BMG Fund aims to reduce reliance on Western-led financial institutions and cut the cost of borrowing for major development projects.
“This is a politically significant guarantee instrument,” said one source close to the matter. “It sends a message that BRICS is alive, working on solutions, strengthening the NDB, and responding to today’s global needs.”
Technical Approval Complete, Formal Launch Imminent
Insiders confirmed that the BMG Fund has already received technical approval from all BRICS member states. Its formal endorsement by finance ministers is expected to take place during the summit, which would make the fund operational.
The announcement could be a defining moment for the BRICS bloc as it positions itself as a global counterweight to institutions such as the World Bank and International Monetary Fund (IMF).
Challenges Ahead: Private Capital Participation Needed
While the BMG Fund is an ambitious initiative, its long-term viability depends on attracting institutional investors and major commercial banks. These players will be essential in helping the NDB manage risk and mobilize significant capital.
The fund’s success will hinge on whether it can convince private sector financiers that BRICS nations present secure and profitable investment opportunities.
This will require clear risk-sharing frameworks, attractive terms, and strong governance standards.
Toward a Multipolar Financial World
The launch of the BMG Fund reflects BRICS’ broader goal of reshaping the global financial order. As the bloc explores alternatives to dollar-based systems, it continues to build new financial architecture aimed at reducing dependency on Western financial institutions.
From the NDB’s expanding role to ongoing de-dollarization efforts, BRICS is methodically crafting a multipolar financial ecosystem.
The BMG Fund could become a cornerstone of this vision—if it gains sufficient backing from public and private sectors alike.
@ Newshounds News™
Source: Watcher.Guru
~~~~~~~~~
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Physical Gold Rising as Basel III Bites
Physical Gold Rising as Basel III Bites
Kinesis Money: 7-4-2025
In a recent illuminating session of Kinesis Money’s “Live from the Vault,” renowned precious metals expert Andrew Maguire and market analyst Craig Hemke posed a compelling and controversial question: are escalating Middle East tensions being deliberately staged to divert global attention?
Specifically, from China’s burgeoning trade corridor initiatives and the upcoming BRICS summit – events that signal a profound shift towards physical asset settlement on the global stage.
Physical Gold Rising as Basel III Bites
Kinesis Money: 7-4-2025
In a recent illuminating session of Kinesis Money’s “Live from the Vault,” renowned precious metals expert Andrew Maguire and market analyst Craig Hemke posed a compelling and controversial question: are escalating Middle East tensions being deliberately staged to divert global attention?
Specifically, from China’s burgeoning trade corridor initiatives and the upcoming BRICS summit – events that signal a profound shift towards physical asset settlement on the global stage.
The experts posited that while geopolitical flashpoints dominate headlines, the true tectonic plates of global finance are shifting beneath the surface.
These developments, ranging from China’s expanding economic reach to the BRICS alliance’s increasing influence, fundamentally challenge the existing fiat-dominated financial system by championing a return to tangible, physically-backed trade.
Adding another layer to this complex analysis, Craig Hemke highlighted the noticeable return of headline-driven market volatility, reminiscent of previous eras, particularly under the current political landscape with Donald Trump. This heightened responsiveness to breaking news, they argue, often obscures the deeper, more fundamental economic shifts occurring out of sight.
Maguire and Hemke then pivoted to their core thesis, reaffirming a long-held conviction among many in the precious metals community: the inexorable path towards fiat currency collapse.
This systemic vulnerability, they contend, is now unequivocally exposing the inherent flaws and ultimate fragility of the “paper gold” system. Faced with this revelation, the global financial landscape is witnessing an accelerating pivot towards transparent, physically settled trading – a move towards assets with intrinsic value, free from counterparty risk and fractional reserve manipulation.
The insights from Kinesis Money’s “Live from the Vault” offer a crucial perspective, urging viewers to look beyond the immediate headlines and understand the underlying forces reshaping the global economy.
As nations and investors increasingly seek stability in turbulent times, the move towards physical settlement, particularly in assets like gold and silver, appears to be not just a trend, but a fundamental reorientation of global finance.
For a deeper dive into these critical discussions and further expert analysis, interested individuals are encouraged to watch the full video from Kinesis Money featuring Andrew Maguire and Craig Hemke.
News, Rumors and Opinions Saturday 7-5-2025
The Old Pretender: This Year is Going to be the Battle of the Resets
7-5-2025
“Rio Reset Day 2 – Reals, Resistance and the BRICS Break from the Dollar”
https://www.birchgold.com/blog/news/rio-reset-day-2/
IMO The BRICS summit will forge ahead with collective financial infrastructure and de-dollarisation. However, it will keep public news of progress obscured behind a nothing burger smokescreen and other distractions, in order to prevent giving Trump prominent punishment targets.
The Old Pretender: This Year is Going to be the Battle of the Resets
7-5-2025
“Rio Reset Day 2 – Reals, Resistance and the BRICS Break from the Dollar”
https://www.birchgold.com/blog/news/rio-reset-day-2/
IMO The BRICS summit will forge ahead with collective financial infrastructure and de-dollarisation. However, it will keep public news of progress obscured behind a nothing burger smokescreen and other distractions, in order to prevent giving Trump prominent punishment targets.
The irony is that those that will say that the BRICS summit is a nothing burger and that the US will continue to rule unchallenged, are doing the work of the BRICS to keep their advancement covert and dismissed. ‘talks on finding an alternative to the $ for trade between BRICS members are likely dead in the water … it is almost “forbidden” to mention the idea since Trump threatened 100% tariffs on countries that challenge the $’s international dominance.’
My guess is that the former VP of the NDB is giving this interview because his concerns will be addressed at the BRICS summit. The launch of the new NDB mechanism, as an alternative to World Bank’s MIGA, will be the big nothing burger news from the summit.
Going Underground: De-Dollarisation is MOVING FAST, BRICS New Development Bank is NOT doing enough! ‘De-dollarisation is proceeding quite substantially, especially in one area: in the bypassing of the dollar and the use of national currencies in the relations between BRICS countries and with other countries outside the BRICS. What is not very advanced is this construction by the BRICS as a group of alternative mechanisms and institutions. This has happened to some extent. For example, I was one of the founders of the New Development Bank in Shanghai. Ten years ago I moved to Shanghai. Now since then, the bank has advanced, but not enough. It’s not the global bank that we envisaged back in 2014/2015 to become a rival of the World Bank.’
-Prof. Paulo Nogueira Batista Jr., former Vice President of the New Development Bank, will join us for Saturday’s episode of Going Underground ahead of the BRICS+ Summit in Rio
https://x.com/i/status/1941083571533349161
The question in my mind is whether a leap forward by the BRICS in developing the NDB as a real alternative to the World Bank will be considered important enough by the mainstream to be given attention and analysis of its implications.
BRICS explores alternative payment system for trade.
Putin and Xi’s plot to topple the US dollar is dead” Translation: “Western MSM dances on the grave of the global south, as it is forced to prostrate itself before the Empire.”
This is the planned catalyst for the final, hyperinflationary demolition of the old system, the monetary reset and #gold standard 2.0. So many events are happening which point to that, and it is now exactly one year until the launch of US #gold-bonds.
The White House: President Trump’s One Big Beautiful Bill is now LAW — and the Golden Age has never felt better.
https://twitter.com/i/status/1941269132135305237
Since we are now in the final year countdown to the launch of US gold-backed Treasuries, is this year going to be the battle of the resets, Western reset vs BRICS reset? Or are the resets effectively coordinated?
Thank goodness the fog is now clearing, and the road ahead is becoming more visible.
Source(s): https://x.com/Dioclet54046121/status/1940895203755503665
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Ali Al-Alaq knows what he is doing and is setting up the Iraqi monetary system for a major revaluation... decreasing the money supply speaks RV all over it...yes, it is now shaking out in the news. Article: “THE FINANCIAL INCLUSION RATE IN IRAQ EXCEEDED 46%” ...Why would they need to have the citizens and merchants on the digital transactions with the banks? Less cash is better! This is what “financial Inclusion” means. I am being told by my CBI contact that the CBI is looking for at least 50% of the citizens with bank accounts and in the system. [Post 1 of 2....stay tuned]
Mnt Goat ...in order to conduct a revaluation of the dinar, thus in order to make the rate of each dinar to the U.S. dollar higher...they would have to reduce the monetary mass in circulation substantially to do it. If you are going with a $4+ rate then my [CBI] contact told me they would have to reduce or shrink the monetary mass by nearly a quarter of the paper...the paper notes in the hands of the citizens...must be brought back to the banks... The rest the banks can convert digitally...Folks, it all adds up. They are planning to do a major revaluation in the VERY, VERY NEAR future...I can’t believe how obvious it is now. [Post 2 of 2]
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What 1980s OIL-GOLD Crisis Reveals Will Happen Next - History Repeats
Daniela Cambone: 7-4-2025
“Trade, it went from the West to the East, and it’s never coming back, the gold that’s there,” says Gianni Kovacevic, author and energy commentator.
In today’s interview with Daniela Cambone, Kovacevic argues that the global economic center of gravity has permanently shifted. He explains how China, through decades of strategic investment and industrial planning, now dominates critical supply chains, from rare earths to battery production, despite holding just 7% of the raw materials.
“They did the hard work. We didn’t,” he says. With the U.S. focused on short-term political cycles and nostalgic reshoring efforts, Kovacevic warns that nations like China and Russia are stockpiling hard assets, especially gold, as faith in the dollar continues to erode.
“There’s nowhere else to go,” he adds, predicting that gold’s rise is far from over.
CHAPTERS:
00:00 – U.S.–China trade war
04:50 – Rare earth dominance
07:12 – Gianni on EVs and Tesla
10:44 – Gold’s performance
14:34 – Why gold still matters
Seeds of Wisdom RV and Economic Updates Saturday Morning 7-5-25
Good Morning Dinar Recaps,
The World Quietly Moves on From the US Dollar
Global powers begin de-dollarization amid growing distrust in U.S. financial policy
The U.S. dollar’s dominance—long upheld by geopolitical strength and economic influence—is now facing its sharpest challenge yet. But the erosion is not being caused by market collapse or foreign sabotage. Instead, it's being driven by what many call the overuse and weaponization of the currency by Washington itself.
From Russia to Iran and Belarus, the White House’s sanctions strategy has left a trail of crippled economies and frozen assets. The sweeping penalties have not only disrupted trade flows and revenue generation but also undermined the credibility of the dollar as a neutral global tender.
“The weaponization of the U.S. dollar has gone too far,” emerging economies have repeatedly warned.
Good Morning Dinar Recaps,
The World Quietly Moves on From the US Dollar
Global powers begin de-dollarization amid growing distrust in U.S. financial policy
The U.S. dollar’s dominance—long upheld by geopolitical strength and economic influence—is now facing its sharpest challenge yet. But the erosion is not being caused by market collapse or foreign sabotage. Instead, it's being driven by what many call the overuse and weaponization of the currency by Washington itself.
From Russia to Iran and Belarus, the White House’s sanctions strategy has left a trail of crippled economies and frozen assets. The sweeping penalties have not only disrupted trade flows and revenue generation but also undermined the credibility of the dollar as a neutral global tender.
“The weaponization of the U.S. dollar has gone too far,” emerging economies have repeatedly warned.
Unlike the British pound—once the global reserve before the 1940s—the U.S. dollar has increasingly been used as a policy lever. While Britain wielded military might, it rarely applied financial tools to isolate nations. The dollar’s use as a strategic bludgeon has now led many central banks to quietly start moving away from it.
World Central Banks Begin Dollar Diversification
Despite remaining the most dominant currency on Earth—with 86% of international transactions settled in USD—the greenback is no longer viewed as universally reliable. Instead, the global financial community is beginning to reevaluate its role and risk exposure.
With the U.S. national debt surpassing $36 trillion, emerging markets are especially wary. Economic leaders are reacting by diversifying their foreign reserves, turning to gold, the Chinese yuan, and other regional currencies.
There’s also growing concern about the IMF and World Bank, which operate under a system deeply intertwined with U.S. financial control. These institutions offer little structural space for competing currencies, further solidifying the dollar’s dominance—but at the cost of fairness and inclusivity.
De-Dollarization Accelerates
Trust is the cornerstone of any financial system, and today, that trust in the U.S. dollar is fraying fast. The consequences of economic coercion are becoming clearer, and global leaders are moving not in protest—but in quiet determination—to reduce dependency.
“To rebuild trust, the U.S. must stop using the dollar as a weapon,” the article notes. “And it must foster global partnerships, not economic pressure.”
If the trend continues, the greenback may enter an accelerated path of decline, not through collapse, but through irrelevance—displaced by a multipolar reserve structure already taking shape in boardrooms around the world.
The world isn’t sounding an alarm.
It’s walking away—quietly.
@ Newshounds News™
Source: Watcher.Guru
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Will Tether’s USDT Get Banned in the US When the GENIUS Act Becomes Law?
New stablecoin rules threaten Tether’s US presence amid rising regulatory scrutiny
▪️ The GENIUS Act gives stablecoin issuers 18 to 36 months to comply with new transparency rules—or face a market ban.
▪️ Tether must choose between compliance, withdrawal, or launching a separate U.S.-compliant stablecoin.
▪️ Circle’s USDC could gain ground if Tether exits the American market.
Once the GENIUS Act is signed into law, stablecoin issuers will face a ticking clock: they’ll have 18 to 36 months to fully comply with sweeping new regulations—or be banned from operating in the United States.
At the heart of this regulatory overhaul is Tether, the issuer of USDT, the world’s largest stablecoin. Known for its limited transparency and lack of audited reserves, Tether now stands at a crossroads.
A New Regulatory Era for Stablecoins
The GENIUS Act aims to integrate stablecoins into traditional finance, creating a framework of regulatory safeguards for what are often the least volatile digital assets. While the bill is a milestone victory for the crypto industry, not all players are likely to survive its scrutiny.
USDT—which controls more than 60% of the global stablecoin market—could become a casualty. The bill demands regular audits, reserve transparency, AML/KYC enforcement, and technological capabilities to freeze or seize assets under lawful authority.
The Senate version provides a 3-year timeline. The House version cuts it to just 18 months.
Tether’s Troubled History with Transparency
Even before the GENIUS Act, Tether faced long-standing criticism for its lack of independent audits and opaque reserve reporting.
In 2021, the company settled with the New York Attorney General, paying $18.5 million and agreeing to exit the New York market after being accused of misleading claims about its fiat backing. The case revealed that $850 million had gone missing, and Bitfinex had used Tether reserves to cover the loss—meaning USDT was not fully backed for a period.
Since then, Tether has begun issuing quarterly attestations—but these still fall short of what the GENIUS Act will require.
Sanctions, Seizures & Scrutiny
Tether has also been under fire for enabling illicit financial activity. Accusations have included stablecoin usage by sanctioned entities in Russia and North Korea.
In response, Tether has increased cooperation with U.S. law enforcement. It froze $23 million in assets at the request of the U.S. Secret Service and has collaborated with the DOJ and FBI.
However, the GENIUS Act now makes such measures mandatory, not voluntary—requiring all stablecoin issuers to freeze assets, implement AML/KYC protocols, and comply with U.S. law enforcement across the board.
Can USDT Survive Without the U.S.?
Tether's dominance is undeniable, with a circulating supply of nearly 158 billion USDT—more than double that of second-place Circle’s USDC (62 billion).
Yet Tether’s core business isn’t U.S.-centric. Its largest trading volumes come from Asia, Latin America, and emerging markets—primarily through global platforms like Binance.
USDT trading volume exceeded $62 billion in a single day—mostly outside the U.S.
This raises the question: Would a U.S. withdrawal even hurt Tether? Perhaps not immediately—but it could send damaging signals to regulators, institutional investors, and traditional finance.
A Withdrawal Could Hurt More Than Help
Exiting the U.S. would sever access to a vital hub of financial innovation and liquidity. It would also invite loss of confidence, reinforcing the perception that Tether is unwilling—or unable—to meet robust standards.
Meanwhile, Circle’s USDC, which is fully compliant and actively adjusting to U.S. and EU regulations, would stand to gain significant market share.
However, even Circle’s advantage may not be enough to dethrone Tether without regulatory support or additional shifts in market dynamics.
Room for Compromise Still Exists
The GENIUS Act still needs to be reconciled with the House’s STABLE Act, offering room for negotiation on timelines and foreign issuer provisions.
A source close to the legislative process suggested both Congress and Tether may seek middle ground, noting that Tether’s massive U.S. Treasury holdings help support the dollar.
“Tether’s demand for U.S. Treasuries is larger than Germany’s. Forcing a full exit could destabilize demand for U.S. debt,” the source said.
A US-Based Tether Stablecoin in the Works?
Tether CEO Paolo Ardoino confirmed that the company plans to launch a separate, US-compliant stablecoin later this year—distinct from USDT and tailored to American regulations.
While this could offer a legal workaround, it also introduces operational headaches, regulatory duplication, and unnecessary complexity.
“They probably would prefer not to do that—it’s not ideal,” said the anonymous source.
What’s Next for Tether?
The GENIUS Act represents the most serious regulatory challenge Tether has ever faced. Whether it adapts, exits, or splits into separate compliant entities will define the next chapter of stablecoin evolution.
The world’s most widely used stablecoin must now choose: conform, divide, or retreat.
@ Newshounds News™
Source: BeInCrypto
~~~~~~~~~
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“Tidbits From TNT” Saturday Morning 7-5-2025
TNT:
Tishwash: Exclusively in Dinars: A Statement from the Central Bank of Iraq Regarding the "National Card" for Electronic Payment
#Electronic payment #Central Bank of Iraq #Dollar in Iraq #dollar #Iraqi dinar
Do not cancel Visa and MasterCard
On Friday, July 4, 2025, the Central Bank of Iraq issued a clarification regarding the National Electronic Payment Card Project, noting that the project does not cancel or restrict existing international cards.
TNT:
Tishwash: Exclusively in Dinars: A Statement from the Central Bank of Iraq Regarding the "National Card" for Electronic Payment
#Electronic payment #Central Bank of Iraq #Dollar in Iraq #dollar #Iraqi dinar
Do not cancel Visa and MasterCard
On Friday, July 4, 2025, the Central Bank of Iraq issued a clarification regarding the National Electronic Payment Card Project, noting that the project does not cancel or restrict existing international cards.
In context: The suspension of Iraqi payment cards internationally comes into effect
The bank said in a statement received by Al-Jabal, "The National Electronic Payment Card Project is an additional local option used exclusively within Iraq and in Iraqi dinars. It does not cancel or restrict existing international cards such as Visa and Mastercard . There are also no plans to cancel these cards or prohibit transactions in dollars outside Iraq, as their holders can still use them inside and outside the country as is currently the case."
He added, "The project aims to reduce payment costs, enhance financial inclusion, diversify options for the public, and provide national cards to all institutions and segments within Iraq, while international cards remain the primary means of spending in dollars or other currencies outside Iraq and for purchases via global websites." link
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Tishwash: The End of Dollar Dependence or the Beginning of Censorship? The National Payments Project Raises the Question of "Financial Sovereignty"
In a pivotal step toward internal monetary independence, the Central Bank of Iraq (CBI) issued an official circular to all banks and electronic payment service providers announcing the commencement of the implementation of the National Card Scheme project.
This is a local payment system managed through the national switchboard, completely separate from international platforms such as MasterCard and Visa. The decision comes at a particularly sensitive time, following the Popular Mobilization Forces (PMF) salary crisis and sanctions imposed on several banks, amid indications that Iraq is shifting to a relatively closed monetary environment in the face of external pressures.
A national system excludes international companies.
According to a circular obtained by Baghdad Today , the Central Bank has ordered the launch of a local system for settling bank card payments within Iraq, without going through any international entity. The circular clarified the need to adopt national codes such as (BIN) and (AID) to identify payment cards and link them to the national switchboard, which implicitly means eliminating any reliance on global payment networks such as Visa and MasterCard in local transactions. The circular emphasized that this project is "exclusively local" and that it will be completed by the end of this year, in preparation for its official adoption starting early next year.
Motives behind the decision: From sanctions to mobilization.
Banking expert and former Central Bank official Mahmoud Dagher told Baghdad Today that "the decision is partly linked to international sanctions and some pressure on Iraqi banks, so an alternative internal system is being considered."
He added, "Iraq faces no legal or technical obstacles to establishing this type of system, and many countries have preceded us in this," but he explained that "local systems remain limited and cannot be used outside the country's borders."
It's worth noting that the decision came after the Popular Mobilization Forces' salaries were frozen at some banks linked to international payment systems, opening a new door for the Central Bank to restructure its payments infrastructure away from international political influence.
Monetary shift or financial isolation?
The new approach coincides with escalating tensions between Baghdad and Washington, and with the mounting pressure on major Iraqi banks accused of financing entities sanctioned by the US. In this context, the Central Bank appears to have decided to proceed with a project that protects the domestic market from any "potential political freeze." However, this option, despite its importance in terms of sovereignty, raises questions:
Is it possible to actually dispense with global payment systems?
Is Iraq structurally prepared to operate a closed system capable of meeting domestic demand?
Most importantly, does this project pave the way for a gradual financial decoupling from the dollar?
The National Card Scheme project is not merely a technical decision regarding banking infrastructure; it is a step with political, economic, and security dimensions. If completed by the end of the year as planned, Iraq will have taken its first steps toward "internal monetary independence." However, this remains conditional on the state's ability to ensure efficiency, prevent collapse, and build confidence in a system that has yet to be tested in a fragile economic reality. link
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Tishwash: US anger at Iraq if it uses Russia's payment system
Details from Ziad Al-Hashemi
Economic researcher Ziad Al-Hashemi said on Friday that the Central Bank of Iraq’s launch of the “National Card Scheme” system is a step towards strengthening financial sovereignty and reducing reliance on international payment networks. However, the similarity of this system to the Russian “Mir” system, which is subject to sanctions, may expose Iraq to international accountability and raise American reservations.
He pointed out that the lack of full commitment to security and compliance standards, and the lack of clarification of the nature of technical links with external systems, represents a potential loophole that could be exploited for suspicious financial activities. He called for enhancing transparency and raising the level of caution to avoid any external escalation or suspicions related to the use of this system.
Al-Hashemi stated in a post on the X platform:
The Central Bank of Iraq has decided to assert its sovereignty over electronic financial transactions within the country by launching the "National Card Scheme." This is a positive step, but it is not without loopholes that raise more than one question mark.
According to the bank's statement, the new system will not be linked to the Visa and MasterCard systems, but will use the same technologies as the Europay-MasterCard-Visa systems to ensure compliance with international standards and enhance security and efficiency.
The new system is somewhat similar to the Russian MIR system, which enhances national monetary sovereignty and significantly reduces reliance on global payment networks such as Visa and Mastercard, but at the same time, it is linked to some external domestic systems.
However, the Central Bank did not clarify whether the new electronic card system will adhere to security and compliance regulations such as PCI-DSS, or whether these regulations will be imposed on card users.
The lack of clear and full compliance with these standards may create future loopholes that could be exploited for innovative fraudulent operations, as has happened in the past.
The Central Bank of Iraq is also called upon to enhance the transparency of this system and raise the level of prudence to ensure there is no intention to bypass the global financial system. These measures are essential to enhancing the reliability, safety, and security of the new domestic system.
In the absence of these measures, the new local system will be subject to international scrutiny and accountability, especially if suspicious local transactions or direct or indirect ties to sanctioned payment systems such as Russia's Mir and Iran's Shtab emerge. link
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Mot: ole ""Maxine"" and Grilling!!!!
Mot: .. Its Gunna Be Sooooo Much Fun Tomorrow!!!!
Safe Assets, Fatal Flaw: The Basel III Oversight?
Safe Assets, Fatal Flaw: The Basel III Oversight?
Miles Harris: 7-4-2025
What if the very regulations meant to prevent another banking collapse... are quietly setting us up for the next one?
Basel III was supposed to make the financial system safer. It encouraged banks to hold more liquid, "risk-free" assets like U.S. Treasuries and mortgage-backed securities.
But these so-called 'safe assets' are now sitting on massive unrealized losses. And under the right stress conditions, those losses could pose a major threat to the banking system.
Safe Assets, Fatal Flaw: The Basel III Oversight?
Miles Harris: 7-4-2025
What if the very regulations meant to prevent another banking collapse... are quietly setting us up for the next one?
Basel III was supposed to make the financial system safer. It encouraged banks to hold more liquid, "risk-free" assets like U.S. Treasuries and mortgage-backed securities.
But these so-called 'safe assets' are now sitting on massive unrealized losses. And under the right stress conditions, those losses could pose a major threat to the banking system.
00:00 Intro
01:03 Concentration Risk
01:45 The Build up
04:22 The Shock
05:41 The Trigger
07:00 The Spiral
09:33 Crisis Imminent?
Seeds of Wisdom RV and Economic Updates Friday Afternoon 7-4-25
Good Afternoon Dinar Recaps,
Iran, Part of BRICS, Threatens Brazil’s Push for Global Reform
Rising geopolitical tensions challenge Brazil’s leadership of BRICS ahead of Rio summit, as Iran’s presence tests unity and derails reform agenda.
As Brazil prepares to host the 17th BRICS Summit in Rio de Janeiro on July 6–7, escalating geopolitical rifts—particularly involving Iran—are threatening to derail President Luiz Inácio Lula da Silva’s global reform agenda. The tensions are drawing new lines within the bloc just as Brazil takes the helm of the newly expanded BRICS alliance.
Good Afternoon Dinar Recaps,
Iran, Part of BRICS, Threatens Brazil’s Push for Global Reform
Rising geopolitical tensions challenge Brazil’s leadership of BRICS ahead of Rio summit, as Iran’s presence tests unity and derails reform agenda.
As Brazil prepares to host the 17th BRICS Summit in Rio de Janeiro on July 6–7, escalating geopolitical rifts—particularly involving Iran—are threatening to derail President Luiz Inácio Lula da Silva’s global reform agenda. The tensions are drawing new lines within the bloc just as Brazil takes the helm of the newly expanded BRICS alliance.
Brazil’s Reform Agenda Meets Iranian Resistance
Under Lula’s leadership, Brazil hoped to use its BRICS presidency to promote a platform centered on:
▪️ Democratic multilateralism
▪️ Inclusive global governance reform
▪️ Green energy transition
▪️ Expanded vaccine cooperation
▪️ Fair trade policies
However, Iran’s inclusion in BRICS has created immediate and unprecedented challenges to this vision. Following renewed Iran-Israel hostilities, tensions within the group have heightened significantly, shifting the spotlight from economic reform to geopolitical friction.
“Iran’s presence is fundamentally altering the group’s direction,” say policy analysts, pointing out that Brazil’s diplomatic agenda is now overshadowed by hardline sovereignty narratives and authoritarian alignment.
A Struggle for BRICS Unity Amid Autocratic Drift
The entrance of Iran—along with Russia, China, and other authoritarian-leaning members—has shifted BRICS further from the democratic ideals that Brazil hoped to promote.
▪️ Iran has confirmed it will send a delegation to Rio, prompting fears that summit discussions will lean toward anti-West sovereignty statements rather than constructive reform.
▪️ The growing autocratic tilt undermines Brazil’s inclusive agenda and raises doubts about BRICS’s capacity for collective action.
▪️ Global instability—spurred by Russia’s war in Ukraine and Middle East tensions—is being described as a “dangerous distraction” from the bloc’s stated priorities.
“Brazil’s challenge is managing reform in a club where several members are more focused on geopolitical posturing than economic collaboration,” said Dr. Christopher Sabatini, senior fellow for Latin America at Chatham House.
Strategic Realignment May Be Brazil’s Best Bet
Facing this friction, Brazil may be forced to forge smaller coalitions within BRICS—particularly with more aligned partners like India and Indonesia—to salvage aspects of its original reform plan.
▪️ Limited cooperation on climate change, infrastructure, and trade reform could still emerge through bilateral or trilateral deals.
▪️ Lula’s administration may have to lower expectations for sweeping multilateral consensus at the summit due to widening internal divisions.
▪️ Still, Brazil’s presidency could be considered a success if it sidesteps ideological gridlock and instead champions tangible, issue-specific outcomes.
While the BRICS summit in Rio was envisioned as a platform for emerging market leadership, it has become a test of whether the bloc can maintain cohesion in the face of mounting internal contradictions. Iran’s role in BRICS—once viewed as symbolic—is now central to the debate over the organization’s future identity and global credibility.
@ Newshounds News™
Source: Watcher.Guru
~~~~~~~~~
The World Quietly Moves on From the US Dollar
Global sentiment shifts as currency weaponization fuels reserve diversification
Decades of U.S. dollar dominance are quietly unraveling—not through manipulation or market failures, but through currency weaponization. The White House’s overreach with economic sanctions has pushed even long-standing partners to reassess their reliance on the greenback.
From Russia to Iran, Belarus, and beyond, the U.S. has levied sanctions that have crippled national economies, isolating them from global trade. Despite repeated warnings from emerging economies, the U.S. continued to treat its currency as a tool of coercion. This has now sparked a widespread—but quiet—departure from the dollar.
Historically, the British pound, the global reserve currency before the 1940s, maintained its role without resorting to weaponization. In contrast, the U.S. dollar—though still dominant—is increasingly perceived as a liability, rather than an asset.
Central Banks Begin Diversifying Reserves
While the U.S. dollar remains central to global finance—involved in over 86% of transactions worldwide—confidence is eroding. Nations are no longer viewing the dollar as a financial solution but rather a growing problem, particularly in light of America’s $36 trillion national debt and its role in enforcing economic punishments.
In response, central banks are diversifying into gold and local currencies, hedging against the risks tied to U.S. fiscal policy and dollar-dependency. Officials are openly questioning the neutrality of global institutions like the IMF and World Bank, which operate firmly within the dollar-based framework.
Weaponization Accelerates De-Dollarization
The most alarming trend? The U.S. dollar is no longer viewed as neutral. The perception of its use as a geopolitical weapon has undermined the trust required to sustain its global supremacy.
Experts warn: unless the U.S. changes course, it could face a historic decline in dollar hegemony.
"To restore trust, the United States must stop using its currency as a weapon and instead support fair economic development globally," the article notes.
The de-dollarization movement is gaining traction—not as a loud rebellion, but as a strategic recalibration. The rest of the world is moving on. Quietly. Deliberately. And possibly, permanently.
@ Newshounds News™
Source: Watcher.Guru
~~~~~~~~~
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News, Rumors and Opinions Friday 7-4-2025
Ariel : Once this is Signed we will Begin
Disclose TV: JUST IN - White House plans July 4, 9 AM ET signing ceremony for Trump's "Big Beautiful Bill:" reports.
You will breath new life into this financial system with your investments. You will be spoken about for your initiative into something that was considered improbable for decades to come.
Be ready.
Be safe.
Be smart.
This type of event will never happen again.
Ariel : Once this is Signed we will Begin
Disclose TV: JUST IN - White House plans July 4, 9 AM ET signing ceremony for Trump's "Big Beautiful Bill:" reports.
You will breath new life into this financial system with your investments. You will be spoken about for your initiative into something that was considered improbable for decades to come.
Be ready.
Be safe.
Be smart.
This type of event will never happen again.
Source(s): https://x.com/Prolotario1/status/1940815698399220214
https://dinarchronicles.com/2025/07/03/ariel-prolotario1-once-this-is-signed-we-will-begin/
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Gold Telegraph : BREAKING NEWS: GLOBAL CENTRAL BANKS BOUGHT A NET 20 TONNES IN MAY
They continue to stockpile.
“A record 43% of central bankers also indicated that their own gold reserves would rise over the next 12 months…”
Source: https://www.gold.org/goldhub/gold-focus/2025/07/central-bank-gold-buying-picks-may
Trade between Russia and China is SURGING:
Exports from Russia to China:
• Aluminum up 56%
• Copper up 66%
• Nickel more than doubled
Hard assets…
BREAKING NEWS: THE SHARE OF CENTRAL BANK RESERVE MANAGERS WHO SEE THE GEOPOLITICAL WEAPONIZATION OF FX RESERVES AS AN INVESTMENT RISK HAS INCREASED TO 49% IN 2025 FROM 32% LAST YEAR.
Gold…
“The pace of buying picked up after Russia’s foreign currency reserves were frozen…”
Copper inventories in the London Metal Exchange’s global warehouse network have plunged to their LOWEST level since 2023. A clear signal of tightening supply in a world hungry for critical metals… Copper…
The Trump Administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell this fall. Let’s go Judy Shelton.
This is exactly why the Federal Reserve needs Judy Shelton.
When I spoke with her last November, she warned: “We should be more concerned about the concentration of power in a Federal Reserve that faces no limits on how much U.S. government debt it can buy, no limits on the money it can create with a keystroke… and no rules to protect the monetary integrity of the U.S. dollar from its policy of 2% annual debasement.”
Hard truth.
https://twitter.com/i/status/1940901230303215678
The US dollar is on track for its worst year in modern history. Read that again.
Source(s): https://x.com/GoldTelegraph_/status/1940445808836624410
https://dinarchronicles.com/2025/07/03/gold-telegraph-a-clear-signal-of-tightening-supply/
*************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Inside two weeks ago Vietnam told Donald Trump, 'Sir, we want to talk to you about the exchange rate of our currency.' That's kind of direct...to the point. That's kind of exciting because that's what's happening with the Iraqi dinar and that's what he's doing apparently with a lot of currencies...This caught me...my teams...a little bit off guard. No, I don't believe in a GCR. But if you ask me, 'Do you believe in a partial GCR?' I got to. Trump is hypnotizing people/countries...He's the greatest influencer there is...Something is going on with a lot of currencies IMO.
Pimpy When you look at Vietnam overall, their economy is doing spectacular. Despite all the conflicts going on everywhere, despite all the trade wars going on everywhere, Vietnam is doing exceptionally well...President Trump announced a trade deal with Vietnam...This is a great trade deal...If they really open the markets...and bring in goods from the United States over to Vietnam you can see an increase in the value of the Vietnam Dong...
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President Trump Announces Trade Deal w/Vietnam: Explained
Edu Matrix: 7-3-2025
Vietnam’s Stock Market Soars After Trump’s Surprise Trade Deal! 🇺🇸🇻🇳 Vietnam just hit a three-year stock market high, and here’s why!
President Donald Trump announced a major trade agreement with Vietnam, and the news is sending shockwaves through the global investment world.
This video breaks it all down in easy-to-understand language, perfect for new investors, students, and anyone interested in Vietnam’s booming economy. Learn how the Vietnam–U.S. trade deal could change the future of manufacturing, exports, and investment in Southeast Asia.
We’ll cover:
✔️ What the trade deal means for Vietnam
✔️ Why investors are excited
✔️ How this affect you and the global economy
Whether you're tracking the Vietnam stock market in 2025, curious about Trump's international trade moves, or looking for your next investment opportunity, this is the update you don't want to miss!
“Tidbits From TNT” Friday 7-4-2025
TNT:
Tishwash: The Association of Private Banks to Nina: Iraq has made significant progress in promoting financial inclusion...and these are the requirements for the success of international standards.
The Iraqi Private Banks Association confirmed: "Iraq has achieved significant progress in financial inclusion thanks to the Central Bank's commitment to implementing international standards."
The head of the association, Wadih Al-Handhal, said in a statement to the National Iraqi News Agency ( NINA ), that "the Central Bank of Iraq is moving forward in implementing compliance standards and enhancing financial inclusion in the banking sector, and the Banks Association also supports raising awareness of financial inclusion."
TNT:
Tishwash: The Association of Private Banks to Nina: Iraq has made significant progress in promoting financial inclusion...and these are the requirements for the success of international standards.
The Iraqi Private Banks Association confirmed: "Iraq has achieved significant progress in financial inclusion thanks to the Central Bank's commitment to implementing international standards."
The head of the association, Wadih Al-Handhal, said in a statement to the National Iraqi News Agency ( NINA ), that "the Central Bank of Iraq is moving forward in implementing compliance standards and enhancing financial inclusion in the banking sector, and the Banks Association also supports raising awareness of financial inclusion."
He explained that "the success of the basic requirements for implementing these standards and achieving advanced levels in combating money laundering depend on training specialized and qualified staff to use information and databases, based on the principle of knowing the customer and the sources of his funds."
He added: "The Middle East and North Africa Financial Action Task Force (MENAFATF) has transformed Iraq from a gray zone to a monitoring area, and this is true evidence that Iraq has achieved significant progress in enhancing financial inclusion and combating money laundering and terrorist financing," noting that "the need for legal legislation still exists, and we must move forward in training human cadres to keep pace with the rapid digital and technological transformation in the world."
Regarding the financial inclusion rates achieved by Iraq, Al-Handhal explained that, “according to international standards, the current financial inclusion rate in Iraq has exceeded 46% compared to previous years, which is a very significant progress with which we seek to achieve a rate of 90-95% in cooperation with the Central Bank in the near future. The Arab Monetary Fund is also very satisfied with this rate and is following the growth of the banking sector. It considers Iraq to be implementing financial inclusion through a sound mechanism that has contributed to Iraq’s progress in ranking ahead of other countries.” link
************
Tishwash: Government advisor: The government has succeeded in managing fiscal policy.
The Prime Minister's financial advisor, Mazhar Mohammed Salih, explained on Friday the reasons for the delay in submitting the budget schedules, while stressing that the government has succeeded in managing the country's financial and economic policy.
Saleh said, "The financial compass reading, which required the submission of the 2025 budget tables for legal approval under Article 77/Second of the Budget Law, was truly delayed for two fundamental reasons. The first was to await the amendment to the three-year general budget law regarding the value of the region's oil contracts and the costs of transporting its oil, which were not approved until last February. The other reason relates to the fluctuations that global energy markets were exposed to and the effects of global oil prices on the general budget, which also required rereading some financial constants and variables, whether revenues, expenditures, deficit financing and its sources, more than once due to international geopolitical and economic problems and the major issues that occurred in the global economy at a rapid pace, which led to the generation of volatile shocks in close periods of the current fiscal year, which necessitated hedging against external shocks."
He added that "all these factors led to the delay in submitting budget schedules to review some of its inputs and outputs," noting that "there is significant and ongoing cooperation between the legislative and executive authorities in monitoring and managing the country's financial affairs, with understanding, interaction, and optimization of great importance to ensuring the economic stability the country is experiencing."
Regarding the impact of delayed budget schedules on projects included in the investment section, Saleh pointed out that, “Based on the Federal General Budget Law No. 13 of 2023, the three-year budget, the federal financial policy was formed based on an approach called ‘fiscal space’, which gave it the high capacity to move dozens of approved and previously suspended strategic government projects forward into implementation.
This is what distinguished it with a highly active development wheel in implementing service projects that the country is witnessing without interruption, and its results have become tangible thanks to the success of the three-year budget, in addition to the major projects approved in the 2023 and 2024 budget schedules, which are currently ongoing without interruption.”
He stressed that “the state’s investment approach is proceeding in line with the sustainability of economic development and in accordance with the high positive results currently achieved in growth rates and the great economic stability that the country is witnessing, whether in terms of declining unemployment rates, increasing economic growth, and price stability, in an active and compatible trilogy achieved as a result of the success of the country’s financial and economic policy without interruption in the wheels of public spending, including the current year 2025.”
He continued, "As far as the rights and entitlements acquired in the operational aspect of the general budget are concerned, but have not been disbursed and are contingent upon the submission of the 2025 financial schedules, these are legally protected rights reserved for their beneficiaries and are not subject to statute of limitations. They are merely a matter of timing and will be disbursed upon the approval of these schedules or any adjustment that does not conflict with the law." link
************
Tishwash: The US Treasury is pursuing corruption funds... and the Baghdad government remains silent.
An Imminent Crisis in the Iraqi Financial Sector: Has the Phase of Comprehensive Sanctions Begun?
Iraq's financial system is facing new signs of turmoil after the disruption of salary payments through some electronic payment companies affiliated with government institutions. While the reasons for the disruption appear technical, informed sources confirm that the matter is linked to US investigations targeting Iraqi banks and companies suspected of involvement in money laundering operations abroad, to countries including Turkey, Iran, and the UAE.
The same sources explained that the US Treasury had granted a grace period to a number of private banks and electronic payment companies to rectify their status and comply with international standards for combating money laundering and terrorist financing, including the Financial Action Task Force (FATF) and Know Your Customer (KYC) requirements. However, many of these entities have not demonstrated sufficient seriousness in resolving their cases, opening the door to the inclusion of new names on US sanctions lists in the near future.
This situation threatens to directly disrupt the financial market's performance, especially if the sanctions affect active institutions relied upon to pay salaries and finance daily commercial activities. Experts expect liquidity within the market to be significantly affected, amid growing concerns about declining public confidence in local banks.
This is particularly true with the increased demand for dollars for external transfers or for storage in anticipation of any unexpected developments. This pressure could lead to a decline in the value of the Iraqi dinar and a rise in the dollar on the parallel market, which would impact the prices of goods and services in an already tense economic environment.
Meanwhile, regulatory authorities within Iraq , led by the Central Bank, are preparing to impose stricter oversight on the activities of banks and money transfer companies in an attempt to avoid further escalation. This is particularly true since some technical reports have revealed clear violations in the performance of some banking institutions, including massive financial transfers abroad without legal documentation, the issuance of credit cards to fictitious accounts, and suspicions of financing prohibited activities or smuggling hard currency.
Despite the bleak outlook, observers believe the crisis could mark a turning point in Iraq's financial reform process. It has become imperative to restructure the private banking sector and impose strict regulatory classifications, along with a comprehensive review of electronic payment companies to ensure their compliance with international standards, and to open the door to broader partnerships with globally licensed financial service providers.
In this context, the crisis may turn into an opportunity to reshape the financial market in Iraq, starting with cleansing the banking environment of unregulated entities and bolstering international institutions' confidence in the Iraqi transfer and oversight system. The shift toward a more transparent and governed environment is not a luxury, but rather a necessity imposed by both domestic realities and international pressures.
Iraq today stands at a critical crossroads: either integrate into the global financial system on its terms and ensure gradual stability in its banking sector, or continue sliding toward financial isolation, which will have direct repercussions for the lives of citizens and the country's economy as a whole. link
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Mot: Come and Get it!!! -- Lunch is Ready!!!!
Mot: Lee Greenwood, US soldiers release new version of 'God Bless the USA'
Seeds of Wisdom RV and Economic Updates Friday Morning 7-4-25
Good Morning Dinar Recaps,
House GOP Declares ‘Crypto Week’ to Advance Landmark Digital Asset Bills
House Republicans launch a coordinated push to transform U.S. crypto regulation—while halting central bank digital currency plans.
The U.S. House of Representatives is set to make cryptocurrency a legislative priority during the week of July 14, as House Republicans declare “Crypto Week”—a focused legislative campaign aimed at reshaping digital asset regulation and blocking the issuance of a Federal Reserve-backed central bank digital currency (CBDC).
Good Morning Dinar Recaps,
House GOP Declares ‘Crypto Week’ to Advance Landmark Digital Asset Bills
House Republicans launch a coordinated push to transform U.S. crypto regulation—while halting central bank digital currency plans.
The U.S. House of Representatives is set to make cryptocurrency a legislative priority during the week of July 14, as House Republicans declare “Crypto Week”—a focused legislative campaign aimed at reshaping digital asset regulation and blocking the issuance of a Federal Reserve-backed central bank digital currency (CBDC).
The effort is part of former President Donald Trump’s broader policy strategy to establish the U.S. as a global leader in blockchain innovation and crypto competitiveness.
Three Key Bills Take Center Stage
During Crypto Week, House leadership will spotlight three critical pieces of legislation:
The CLARITY Act
The Anti-CBDC Surveillance State Act
The GENIUS Act
“After years of dedicated work in Congress on digital assets, we are advancing landmark legislation to establish a clear regulatory framework,” said Rep. French Hill (R-AR), Chair of the House Financial Services Committee.
The bills aim to deliver regulatory certainty, protect consumer rights, and prohibit the Federal Reserve from issuing a CBDC—a digital version of the U.S. dollar that critics argue would endanger financial privacy.
Legislative Milestones Already Achieved
The groundwork for Crypto Week has already been laid:
In April, the Anti-CBDC Surveillance State Act passed out of committee with a 27–22 vote.
In June, the CLARITY Act was approved by both the House Financial Services and Agriculture Committees. The bill seeks to remove the SEC’s current oversight authority over crypto.
That same month, the GENIUS Act cleared the Senate and now awaits a House vote.
“Time and again, we have heard the calls for regulatory clarity,” said Rep. GT Thompson (R-PA), Chair of the Agriculture Committee. “It will soon be time for the House to deliver for the American people and send CLARITY to the Senate.”
Crypto Week Signals a Turning Point
Rep. Tom Emmer (R-MN), a leading crypto advocate in Congress, said that the legislation represents a commitment to financial privacy and free-market innovation.
“American innovators are one step closer to having the clarity they need to build here at home,” Emmer said, “while ensuring the future of the digital economy reflects our values of privacy, individual sovereignty, and free-market competitiveness.”
Senator Cynthia Lummis (R-WY) emphasized that this federal momentum mirrors the trailblazing work already done at the state level.
“In Wyoming, we’ve worked for nearly a decade to embrace digital assets. It’s exciting to see the federal government beginning to follow in the Cowboy State’s footsteps.”
Lummis confirmed she is working closely with Rep. Hill and Rep. Thompson on comprehensive stablecoin legislation, adding:
“We must ensure any CBDC respects Americans’ privacy and financial freedom.”
As Crypto Week approaches, momentum continues to build for a comprehensive redefinition of how the U.S. treats digital assets—shifting the country’s position from reactive oversight to proactive leadership.
@ Newshounds News™
Source: Decrypt
~~~~~~~~~
US Senator Cynthia Lummis Drafts Standalone Crypto Tax Bill
Wyoming lawmaker seeks to overhaul digital asset taxation—cutting red tape, ending double taxation, and boosting U.S. innovation.
Senator Cynthia Lummis (R-WY) introduced a standalone draft bill on Thursday to modernize the U.S. tax code for digital assets—after previous attempts to include crypto reforms in the federal budget package failed.
The new legislation is designed to provide regulatory clarity and eliminate double taxation on crypto transactions involving staking, mining, and lending.
Key Provisions:
▪️ A de minimis exemption for crypto capital gains under $300 per transaction, with an annual cap of $5,000
▪️ Tax deferral on staking and mining rewards until the underlying assets are sold
▪️ Exemptions for crypto lending agreements and charitable donations involving digital assets
“This groundbreaking legislation is fully paid for, cuts through the bureaucratic red tape, and establishes common-sense rules that reflect how digital technologies function in the real world,” said Lummis.
“We cannot allow our archaic tax policies to stifle American innovation. My legislation ensures Americans can participate in the digital economy without inadvertent tax violations.”
The standalone bill is now the primary legislative vehicle for Lummis to fulfill her pro-crypto policy promises, particularly after Congress advanced the 2025 budget without incorporating any digital asset tax reforms.
Crypto Taxation Remains a Flashpoint
Across the U.S. crypto landscape, unclear and inefficient tax rules continue to frustrate investors, developers, and businesses.
A particular area of concern is the treatment of decentralized finance (DeFi) protocols and non-custodial platforms, where developers do not hold user funds or control consensus. Without updated tax code language, these actors risk being misclassified as money transmitters and subjected to reporting obligations designed for centralized financial institutions.
In June, lawmakers introduced an amendment to the Digital Asset Market Clarity Act of 2025—exempting DeFi developers from these requirements. That amendment, if retained in the final version of the bill, would protect innovation by distinguishing between centralized and decentralized projects.
A Race Against Time
U.S. lawmakers are working urgently to finalize crypto-related language in the upcoming federal spending bill, now headed to President Donald Trump’s desk. Whether Lummis’s proposals make it into law through this new standalone bill or are folded into broader packages remains to be seen.
But with bipartisan attention intensifying around crypto taxation, Lummis’s bill may mark a pivotal shift toward fairer, innovation-friendly tax treatment for U.S. digital asset holders.
@ Newshounds News™
Source: Cointelegraph
~~~~~~~~~
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The Deadline for Moving Money Out of the US
The Deadline for Moving Money Out of the US
Notes From the Field By James Hickman (Simon Black) July 3, 2025
The Senate passed the “Big Beautiful Bill,” and it’s about to make America’s financial house of cards a whole lot shakier. Already today interest on the national debt costs more than the entire— very large— defense budget. The runaway national debt is literally a matter of national security.
And the bill will add about $3 trillion to the national debt over the next decade, in addition to the $22 trillion the Congressional Budget Office already-projects for the same period.
The Deadline for Moving Money Out of the US
Notes From the Field By James Hickman (Simon Black) July 3, 2025
The Senate passed the “Big Beautiful Bill,” and it’s about to make America’s financial house of cards a whole lot shakier. Already today interest on the national debt costs more than the entire— very large— defense budget. The runaway national debt is literally a matter of national security.
And the bill will add about $3 trillion to the national debt over the next decade, in addition to the $22 trillion the Congressional Budget Office already-projects for the same period.
Do the math, and by 2033, the US national debt will hit a jaw-dropping $56 trillion.
And that’s only if they decide not to pass another big beautiful budget buster next year. It assumes control of the government doesn’t swing in 2028 giving the Left another shot at free college, universal basic income, reparations, or a green new deal.
But why are we so focused on 2033 in particular?
Because that’s also the year when Social Security’s biggest trust fund runs out of money.
The Social Security Administration circles a date each year in its official report, signed by the Secretary of Treasury. That date tends to inch closer each year.
Based on the promises of various politicians NOT to touch Social Security, it’s very likely this problem will be ignored until it becomes a major funding crisis.
By 2033, we also forecast that interest payments on the national debt could devour more than half of all tax revenue.
Foreign investors, already uneasy, will likely continue to sell their US government bonds, putting pressure on the Federal Reserve to “print” trillions of dollars to bail out the Treasury Department. This would almost certainly trigger massive inflation.
Then come the social consequences.
History shows that economic depressions like these lead to crime spikes—especially property crimes and theft. Riots erupt in cities across the country, sparked by shrinking benefits and deep economic anxiety. Local governments declare bankruptcy, unable to keep up with exploding costs and plunging tax revenues.
And into that vacuum steps an invigorated political movement: Socialism 2034.
Fueled by anger and desperation, it promises salvation through universal basic income, rent cancellation, and debt forgiveness. Capitalism is blamed for the crisis.
The calls grow louder for price controls, nationalizations, even capital restrictions.
I’m not saying it is going to play out exactly like this, but this is the trend that America is currently on. It’s hard to dispute the facts.
You and I don’t control Congress, the political parties, or Social Security. The only thing we can do is give ourselves the tools to respond to this— entirely predictable and avoidable— crisis from a position of strength.
That’s what a Plan B is all about. And we talk about elements of this all the time.
Real assets—especially gold and other precious metals, but also economic necessities like industrial metals, energy, and productive technology—can help guard your wealth against inflation.
Second residency abroad can give you a place to go if your home country ever becomes too chaotic or dangerous.
And then there is financial diversification, so that all your savings isn’t under the control of one jurisdiction—especially when that jurisdiction is the US, the most indebted country in the history of the world.
Without serious reform, 2033 is when everything comes to a head—the debt bomb explodes, Social Security craters, and inflation goes nuclear. That means you have a hard deadline for having a portion of your wealth safely outside the United States.
Recent history is filled with examples, from Cyprus to Argentina, of countries in financial crisis implementing capital controls, withdrawal limits, and even wealth confiscation.
When confidence in government bonds evaporates and inflation spirals, it’s not hard to imagine Washington freezing capital outflows “temporarily” or simply forcing retirement accounts to buy “patriotic bonds” to fund Social Security.
By then, the window to move money abroad might be functionally closed.
It’s already becoming harder. Banks around the world have steadily tightened rules on Americans. Thanks to laws like FATCA and global information-sharing regimes, foreign banks now face enormous compliance burdens when dealing with US clients. Most don’t want the risk.
We detailed a few of the options still available in an international banking report we just released to our Total Access members
The main takeaway: it’s far easier to open a foreign bank account when you don’t urgently need one.
If you wait until things get chaotic—whether that’s 2033 or earlier—it may be too late.
That’s why acting now, while the system still works, is crucial.
Foreign accounts aren’t about hiding money—in fact, US citizens generally must report foreign assets to the US government.
But they do let you store some of your savings in other countries, which gives you a legal barrier, and diversifies which jurisdictions can get their hands on your assets.
They give you flexibility if US banks freeze or restrict access. And they put you one step ahead of whatever “emergency measures” Washington dreams up next.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LL
Grotesque Debt Crisis Set to Explode
Grotesque Debt Crisis Set to Explode
Commodity Culture: 7-3-2025
In a recent illuminating discussion on Jesse Day’s ‘Commodity Culture,’ financial strategist Matthew Piepenburg delivered a stark warning about a looming crisis born from the convergence of escalating global conflict, unprecedented levels of government debt, and dangerously overinflated financial markets.
Piepenburg’s analysis paints a grim picture of a future where a massive debt crisis could erase wealth in the blink of an eye, urging investors to consider unconventional strategies for survival.
Grotesque Debt Crisis Set to Explode
Commodity Culture: 7-3-2025
In a recent illuminating discussion on Jesse Day’s ‘Commodity Culture,’ financial strategist Matthew Piepenburg delivered a stark warning about a looming crisis born from the convergence of escalating global conflict, unprecedented levels of government debt, and dangerously overinflated financial markets.
Piepenburg’s analysis paints a grim picture of a future where a massive debt crisis could erase wealth in the blink of an eye, urging investors to consider unconventional strategies for survival.
Piepenburg posits that these three seemingly disparate elements are inextricably linked, forming a feedback loop of instability. He argues that the “insane levels of government debt” accumulated globally are not merely an economic burden but a systemic weakness, making nations more prone to geopolitical tensions as they scramble for resources or face internal pressures.
This fragility, he contends, is exacerbated by financial markets that have soared to unsustainable heights, decoupled from underlying economic realities, creating a “bubble” vulnerable to the slightest tremor.
The consequence of this precarious balance, according to Piepenburg, is an impending debt crisis unlike any seen before. He warns that this isn’t a slow-burn recession, but a rapid, wealth-destroying event.
“Trillions of cracks” are forming within the global financial system, he explains, waiting for the right catalyst – be it a geopolitical shock, a market crash, or a sovereign debt default – to shatter the entire edifice. Such an event, he stresses, would not discriminate, potentially wiping out a lifetime of savings for those unprepared.
Amidst this dire forecast, Piepenburg offers a lifeline: precious metals. He makes a compelling case for gold, describing it as the “last asset standing” when traditional markets crumble. Its historical role as a store of value, independent of government solvency or corporate earnings, makes it a critical hedge against systemic collapse.
Intriguingly, Piepenburg also highlights silver, suggesting it could “speed past gold” in a crisis scenario. Its dual role as both a monetary metal and an industrial commodity could give it explosive upside as demand for tangible assets surges and supply potentially tightens.
Piepenburg’s insights on ‘Commodity Culture’ serve as a crucial wake-up call for investors and citizens alike. His detailed breakdown of the interdependencies between global conflict, sovereign debt, and market overvaluation offers a chilling, yet vital, perspective on the current economic landscape. While the future remains uncertain, his analysis strongly suggests that a paradigm shift in wealth preservation strategies may be not just advisable, but essential.
For a deeper dive into Matthew Piepenburg’s comprehensive analysis, including the specific ‘cracks’ he identifies and the catalysts he monitors, viewers are urged to watch the full discussion on Commodity Culture.
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 7-3-25
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India Explains the Main Agenda for BRICS 2025 Summit
India becomes the first BRICS nation to publicly outline the summit's goals—signaling a coordinated push toward a multipolar world order and Global South leadership.
Prime Minister Narendra Modi is on a five-nation diplomatic tour ahead of the 17th BRICS Summit, set to take place in Rio de Janeiro on July 6–7, 2025. His final destination: Brazil, where leaders from the BRICS alliance will gather to discuss a new financial and geopolitical future.
Good Afternoon Dinar Recaps,
India Explains the Main Agenda for BRICS 2025 Summit
India becomes the first BRICS nation to publicly outline the summit's goals—signaling a coordinated push toward a multipolar world order and Global South leadership.
Prime Minister Narendra Modi is on a five-nation diplomatic tour ahead of the 17th BRICS Summit, set to take place in Rio de Janeiro on July 6–7, 2025. His final destination: Brazil, where leaders from the BRICS alliance will gather to discuss a new financial and geopolitical future.
For the first time, one of the founding BRICS nations has offered a public glimpse into the summit’s agenda, revealing a bold push toward a balanced multipolar world order—a system designed to reduce dependence on U.S. and Western financial structures.
“As a founding member, India is committed to BRICS as a vital platform for cooperation among emerging economies. Together, we strive for a more peaceful, equitable, just, democratic, and balanced multipolar world order,” said Modi in an official statement.
BRICS 2025: India’s Roadmap for a New Financial Era
India confirmed that key topics on the summit agenda will include:
Reducing reliance on Western financial systems
Increasing cooperation among developing economies
Establishing a more democratic, accountable world order
Strengthening the voice and financial power of the Global South
The announcement comes at a time when BRICS nations are expanding their roles in global finance, exploring non-dollar trade settlements, and advocating for institutional reform at the IMF, World Bank, and UN.
“The visit will provide an opportunity to strengthen our close partnership with Brazil, and work with my friend, President Luiz Inácio Lula da Silva, on advancing the priorities of the Global South,” Modi added.
A Multipolar Vision Gains Momentum
While India emphasized that BRICS is not inherently anti-U.S., the bloc seeks to build an alternative financial system that amplifies the sovereignty of member states. The alliance has made clear that it views financial diversification and mutual development as the cornerstone of global stability.
India’s rare move to disclose the summit’s main agenda underscores its leadership ambitions within BRICS and reflects the bloc’s growing desire for transparency and direction.
The summit in Rio is expected to draw global attention as BRICS continues to challenge the unipolar dominance of the West with its expanding influence, economic cooperation, and commitment to reshaping global governance.
@ Newshounds News™
Source: Watcher.Guru
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