Operation Gold Hollow: 90% Of London’s Bullion Was Never There—Now The Exit Doors Are Locked | Andy Schectman

Operation Gold Hollow: 90% Of London’s Bullion Was Never There—Now The Exit Doors Are Locked | Andy Schectman

Two Dollars Investing:  7-7-2025

London’s gold vaults just got exposed—and it’s worse than anyone imagined.

Andy Schectman returns with a bombshell: over 279 million ounces of gold claimed in the LBMA system… but only 36 million ounces are actually available for delivery.

 The rest? Vanished, double-counted, or never there to begin with.

 In this urgent episode, we expose the paper gold illusion propping up the entire global bullion system, how the U.S. quietly cornered supply using “logistics” as cover, and why major players are now scrambling before the exit doors slam shut.

https://www.youtube.com/watch?v=uZz6aATLvPc

BRICS Summit 2025 in Brazil, Explained

BRICS Summit 2025 in Brazil, Explained

Lena Petrova:  7-6-2025

The 17th BRICS Summit, held in the vibrant city of Rio de Janeiro, marked a pivotal moment in the evolution of this influential coalition of emerging economies.

 Far from its initial five-member structure, BRICS has blossomed into an influential bloc of nine full members – Brazil, Russia, India, China, South Africa, Indonesia, Egypt, Ethiopia, Iran, and the UAE – with a growing roster of partners and keen interest from other nations like Mexico and Colombia.

This expansion underscores BRICS’ burgeoning appeal and its ambition to represent a broader spectrum of emerging economies.

The summit’s ambitious agenda centered on fostering inclusive and sustainable cooperation among the Global South, with a strong focus on economic development, climate action, and the critical reform of global governance institutions.

A key takeaway from the summit challenges a popular misconception: BRICS is not pursuing a common currency. Instead, the focus is squarely on strengthening the use of national currencies for trade and financing.

This strategic move aims to reduce reliance on the US dollar and Euro, thereby building alternative frameworks for global trade and finance that temper Western dominance.

As the host nation, Brazil played a pivotal role in steering the summit’s agenda towards pragmatic and impactful goals. Discussions honed in on vital areas such as infrastructure development, sustainable finance, and fortifying the New Development Bank (NDB), BRICS’ own financial institution headquartered in Shanghai.

Climate cooperation emerged as another critical theme, especially with Brazil poised to host COP30 in the Amazon later in the year. Despite internal divergences, particularly concerning the pace of fossil fuel phase-out, BRICS demonstrated its collective capacity to influence global environmental policies, evidenced by its recent joint proposal at a biodiversity summit.

Beyond economic and environmental cooperation, a central pillar of the summit was the urgent call for reforming global governance institutions.

 Leaders emphasized the need to reshape bodies like the United Nations, IMF, and World Bank to ensure fairer representation for the burgeoning economies of the Global South.

This reflects BRICS’ evolving role as a significant counterbalance—rather than a direct replacement—to established Western-led institutions. Amidst growing global uncertainties and questions surrounding the reliability of traditional Western alliances, many developing nations are actively seeking alternative partnerships that offer greater agency and respect for their unique development paths.

With its rapidly expanding economic and demographic footprint, BRICS now commands a substantial 44% of global GDP and represents 56% of the world’s population, unequivocally signaling its rising influence on the global stage.

 While the summit’s official outcomes included important declarations on governance, artificial intelligence, climate finance, and health, much of BRICS’ future direction will undoubtedly be shaped by behind-the-scenes negotiations and deals among member states.

 Brazil’s pragmatic leadership is seen as crucial in transforming BRICS from primarily a geopolitical counterweight into a truly effective engine of development for the Global South.

The 17th BRICS Summit in Rio stands as a landmark event for emerging economies, clearly articulating their vision for a more inclusive, sustainable, and multipolar world order.

Under Brazil’s pragmatic leadership, the bloc is strategically emphasizing economic empowerment, robust climate cooperation, and the crucial reform of global governance, all while adeptly navigating its internal dynamics.

As BRICS continues its trajectory of growth and diversification, it is undeniably poised to play a transformative role in shaping the future of global politics and economics.

https://youtu.be/xGfCVaD46Og

Seeds of Wisdom RV and Economic Updates Monday Afternoon 7-7-25

Good Afternoon Dinar Recaps,

Crypto Tax India: Here’s What the New 18% GST Means for Traders
Triple-tax regime pushes Indian crypto users toward DeFi as regulatory pressure escalates

▪️ India Imposes 18% GST on Crypto Services via Bybit – Starting July 7, 2025, Indian users will be taxed on trading, staking, yield, and more.
▪️ Triple Tax Burden May Push Users to DeFi – Combined with the 30% profits tax and 1% TDS, the new GST may accelerate a shift away from centralized exchanges.

India’s Harshest Crypto Tax Yet Starts July 7

India’s crypto climate just turned more hostile. Influencer Keyur Rohit (176K+ followers on X) revealed that Bybit will apply an 18% Goods and Services Tax (GST) on all crypto services for Indian users starting July 7, 2025.

This move cements India’s place among the most heavily taxed crypto jurisdictions in the world.

What Services Are Now Taxed?

The 18% GST will apply to nearly every aspect of Bybit’s platform in India, including:

• Spot and futures trading

• Copy trading and bot trading

• Staking rewards

• Withdrawals

• Card payments

• Token swaps

• Yield earnings

• Deposits via card or bank

Crypto loans and Bybit Card services will be discontinued entirely for Indian users.

India’s “Triple Tax Trap”

Here’s the updated crypto tax structure facing Indian traders:

• 30% tax on crypto profits

• 1% TDS on every sell transaction

• 18% GST on services (starting July 7)

This layered tax burden may push users toward DeFi platforms, where tax enforcement is less direct and privacy is enhanced.

DeFi: A Potential Escape?

Rohit warns that this heavy-handed tax policy may backfire, driving more users to decentralized platforms that offer:

• Greater user privacy

• No 1% TDS or centralized reporting

• Fewer immediate compliance demands

While not paying taxes remains illegal, the current tax climate may unintentionally undermine government oversight by forcing users underground.

India’s Crypto Crossroads

As of July 7, Indian crypto users will face one of the highest cumulative tax burdens in the world. While decentralized platforms might offer temporary relief, the only long-term solution is regulatory reform that protects both revenue and innovation.

Without a balanced approach, India risks stifling its own crypto industry and losing ground to more innovation-friendly economies in Asia.

@ Newshounds News™
Source: Coinpedia    

~~~~~~~~~

90% of BRICS Transactions Now Settled in Local Currencies, Putin Confirms at 2025 Summit

At the 2025 BRICS summit held in Rio de Janeiro, Russian President Vladimir Putin announced that 90% of all cross-border transactions with BRICS members are now conducted in local currencies—a significant milestone in the bloc's ongoing push to de-dollarize global trade.

According to Putin, the majority of these transactions have been settled in the Russian ruble and other national currencies, signaling a marked departure from reliance on the U.S. dollar.

“The use of national currencies in trade among our countries is steadily growing,” Putin said. “In 2024, the share of our national currency, the ruble, along with the currencies of friendly nations, accounted for 90% of Russia’s settlements with other BRICS states.”

Local Currency Settlements Take Center Stage

BRICS member nations are reportedly engaged in discussions to streamline and scale payment systems using their respective national currencies. This includes improvements in financial services infrastructure such as logistics, insurance, and payment processing, aimed at reducing dependency on U.S.-dominated systems.

“First and foremost, in such areas as technology, the efficient development of resources, logistics and insurance, trade, and finance. It is also necessary to further expand the use of national currencies in mutual settlements,” Putin noted during the summit.

A Strategic Shift Away from the U.S. Dollar

Russia has emerged as a central advocate within BRICS for transitioning to local currency payments, a move it sees as essential to asserting financial sovereignty. China has joined in this effort, promoting global de-dollarization by encouraging nations in Asia, Africa, and South America to adopt non-dollar trade frameworks.

This momentum marks a stark geopolitical shift, as BRICS becomes the only international bloc actively organizing to challenge the West’s financial influence.

The Bigger Picture

As the U.S. dollar takes a backseat in BRICS trade agreements, the bloc is laying the groundwork for a parallel financial system—one that seeks to compete with, and potentially decouple from, the U.S.-led global order.

If sustained, this realignment could have far-reaching implications for international finance, reserve currencies, and global power balances.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

News, Rumors and Opinions Monday 7-7-2025

Gold Telegraph: This is the Type of Stuff you See During Monetary Resets

7-7-2025

BREAKING NEWS: CHINESE MINING ACQUISITIONS OVERSEAS HAVE HIT THEIR HIGHEST LEVEL IN MORE THAN A DECADE

The rush is on from countries. The majority of investors are still sleeping.

“Dealmaking hits highest level since 2013 as groups seek raw materials that underpin global economy…”

Source: https://www.ft.com/content/51c2016a-28f3-4600-9e08-a491410d34a9

Exploration budgets are nearing record lows as China steps up its fastest overseas mining push in over a decade The European Union plans to stockpile critical minerals to protect themselves The race for resource CONTROL is on, and the West is already behind Big opportunity…

More than 30 nations have expressed interest in participating in the BRICS as full members or partners. The influence continues to grow.

Anyone who still thinks BRICS is irrelevant must be living on another planet. The bloc now accounts for over half the world’s population and nearly 40% of global economic output. NATO member Turkey has applied to join, and France was denied entry to attend a summit. Try again.

What’s the rare point of agreement between the United States and BRICS nations? The International Monetary Fund is in desperate need of reform.

This is the type of stuff you see during monetary resets…

BREAKING NEWS: THE PRESIDENT OF THE UNITED STATES IS WARNING THAT ANY NATION THAT ALIGNS ITSELF WITH ANTI-AMERICAN POLICIES OF THE BLOC WILL FACE AN ADDITIONAL TARIFF OF 10%

Things are heating up.

Ladies and gentlemen,

BRICS challenging the United States to create a new global order is now a global conversation.

The moment has arrived.

The President of the United States would not make threats unless he understood what was at stake.

Source(s):   https://x.com/GoldTelegraph_/status/1941900349528297675

https://dinarchronicles.com/2025/07/07/gold-telegraph-this-is-the-type-of-stuff-you-see-during-monetary-resets/

************

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

Mnt Goat   the CBI is still moving forward at a fast pace to complete the monetary reform and follow Dr Shabibi’s plan of 2011.  But the U.S. will have to let go and let it happen. This will end their control over Iraq…finally! The U.S. has said already they intend to sign-off with caveats.

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:The United Nations Secretary General for Iraq came out and told the Iraqi citizens...that Iraq has become a banking powerhouse domestically and internationally...His name is Al-Hassan...This statement was actually made in May a few weeks ago and it's being made again.  Why in the world would this guy tell the world, through the UN, that Iraq is a banking powerhouse? ...  FRANK:  It sure is getting exciting isn't it!

************

FRANK26……7-6-25….ALOHA….LET’S MAKE A CHANGE

https://www.youtube.com/watch?v=8n99gsL4UYQ

Iraq's CBI Has Major Announcements & Changes

Edu Matrix:  7-6-2025

In this video, we delve into the latest economic updates from Iraq, highlighting key developments from the Central Bank of Iraq (CBI).

 A recent training workshop in Erbil focused on "Core Standards for Detecting Counterfeit Currency," essential for improving banking practices. Meanwhile, inflation rates fell to 2.2% in Q1 2025, signaling an enhancement in purchasing power.

 We also discuss the 0.6% reduction in currency circulation, aiming to stabilize the IQD's value. Additionally, Iraq's gold reserves surged by 19%, now at IQD 21.2 trillion, strengthening their foreign reserves.

https://www.youtube.com/watch?v=xcxv8tcN5vY

“Tidbits From TNT” Monday 7-7-2025

TNT:

Tishwash:  Kurdistan Region agrees to hand over oil to Baghdad, final agreement expected within 24 hours 

An informed source reported on Sunday (July 6, 2025) that the Kurdistan Region informed the federal government of its official approval to deliver its oil to Baghdad, as part of the joint oil agreement.

The source confirmed in a statement to Baghdad Today that "the regional government's response has already reached Baghdad, and includes full approval for the delivery of oil according to the mechanisms discussed during previous meetings," noting that "the federal government's response will be sent to the region Monday."

The source added, "The two sides are close to finalizing the final version of the full agreement  link

************

Tishwash:  A delegation from the Kurdistan Region arrives in Baghdad to discuss a draft oil export agreement. 

An informed source reported that a delegation from the Kurdistan Region has arrived in Baghdad to complete discussions on the draft oil export agreement between the two governments.

According to the source, "A delegation from the Kurdistan Regional Government arrived in Baghdad on Monday to discuss a draft agreement on oil exports with Iraqi officials."

The delegation includes Kamal Mohamed, Acting Minister of Natural Resources; Amanj Rahim, Secretary of the Cabinet; and Abdul Hakim Khosro, Head of the Coordination and Follow-up Office.

This visit comes as Baghdad prepares a draft of the aforementioned agreement, awaiting Erbil's response. Erbil is expected to submit its official response to Baghdad today.  link

************

Tishwash:  Al-Bujari: The new legislative session will witness the approval of important laws.

Representative Zahra Al-Bajari called on the Parliament Speaker and political forces on Sunday to move forward in activating the file of interrogating officials, especially interrogations that have met their constitutional requirements.

Al-Bajari confirmed in a statement to the Al-Maalouma Agency that “the Parliament will resume its sessions in the coming few days with the start of the new legislative term,” noting that “most political forces are keen to make this legislative term effective by approving important laws that directly affect the lives of citizens.”

She stressed "the necessity of activating the file of interrogations that meet the constitutional requirements, with the aim of strengthening the Parliament's oversight role and holding negligent parties accountable."

It is noteworthy that the Parliament will resume its regular sessions in the coming days after the end of its legislative term, amid calls to intensify the holding of sessions and work to approve important laws. End     link

************

Tishwash:  The era of cash is over. Iraq accelerates its steps towards electronic payments amid fears of hacking.

 The Iraqi government is accelerating its efforts to end cash transactions within official institutions, as part of a national plan to establish an electronic payment system. This comes amid technical and economic challenges, and fears of potential disruption resulting from weak infrastructure and a lack of adequate preparation.

The government announced a package of measures requiring the use of electronic cards in all official institutions, whether for paying fees or receiving dues, as part of a plan to restructure the national economy and reduce reliance on cash.

Restructuring the Banking Sector

Last week, Prime Minister's advisor, Saleh Salman, said that the government had contracted with Ernst & Young to restructure six to seven state-owned banks, including Rafidain, Rashid, Industrial, and Real Estate.

He indicated that Rafidain Bank will be transformed into Rafidain First Bank, with the state's share reduced to less than 24%, while the remaining shares will be offered to investors and private banks.

He explained that the number of point-of-sale (POS) devices in the country ranges between 60,000 and 70,000, while the number of registered bank accounts amounts to approximately 22 to 23 million. However, these figures do not necessarily mean that all account holders have functional bank cards.

Unofficial estimates indicate that approximately 65% ​​of the population remains outside the electronic payment system, due to the unavailability of cards, lack of confidence in the technical infrastructure, or frequent internet outages.

For his part, Moeen Al-Kadhimi, a member of the Finance Committee in the House of Representatives, emphasized the importance of switching to an electronic payment system as a strategic step to eliminate excessive reliance on cash, noting that this culture has become prevalent globally, and Iraq must catch up.

Al-Kadhimi added in a statement to Al-Mada that approximately seven million employees and retirees, in addition to three million social welfare recipients, receive their benefits via electronic payment cards, which reinforces the need to expand and develop this service in a thoughtful manner.

He pointed out that the technical infrastructure in Iraq is still incomplete, calling for its rapid development, especially with the notable progress made by Rashid Bank and the importance of supporting Rafidain Bank with young cadres specialized in programming and information technology.

Cyberattacks and Community Concern

On the other hand, observers have warned that imposing electronic payments could increase citizens' suffering, especially in areas lacking technical infrastructure or among individuals who do not have bank accounts. Experts have recommended adopting a gradual approach that takes vulnerable groups into account.

This shift coincided with increasing complaints on social media about some users' accounts being hacked or debited without their knowledge, amid accusations of weak cybersecurity in some banking applications.

Experts warn that rushing to generalize electronic payments without addressing security vulnerabilities could undermine public confidence in the banking system, given the lack of adequate awareness of safe usage mechanisms.
Indications of a Real Transformation.

In the same context, economic expert Mustafa Hantoush stated that Iraq has made significant strides in the transition to electronic payments, noting that the period between June 1, 2023, and July 1, 2025, represents a pivotal point in integrating this system into the state.

Hantoush told Al-Mada that the value of electronic purchases amounted to more than 298 billion Iraqi dinars, reflecting a real shift in consumer culture.

He explained that the technical infrastructure is now well-prepared, but it still needs to develop electronic payment companies and expand the acceptance of international cards, which would enhance Iraq's ability to enter an integrated digital economy.

He concluded by saying, "We aspire to reach an electronic purchasing power exceeding 300 trillion dinars, and if we succeed in reaching 100 trillion as a first stage, it will be an achievement that establishes a modern financial culture in the country."  link

************

Mot:  .. Now Don't Laugh!!! -- 3 -- 2 -- 

Mot:  . Evolution of a TNT'r during the RV  evolution

At The Beginning Many Many Years Ago !                   Today !!!  Need I Say More?

Seeds of Wisdom RV and Economic Updates Monday Morning 7-7-25

Good Morning Dinar Recaps,

Bank Insider Admits to Nine-Year Scheme Involving Falsified Loan Applications, Faces Up to 30 Years

In a major federal case exposing long-term financial misconduct, a former senior loan officer at Tempo Bank and a construction company owner have both pleaded guilty to a nearly decade-long conspiracy to commit bank fraud. The U.S. Attorney’s Office for the Southern District of Illinois announced the charges in a press release on Saturday.

Francis Eversman, a former senior loan officer, and Gregg Crawford, a construction business owner, admitted to orchestrating a scheme from 2011 to 2020 that relied on falsified loan applications, straw purchasers, and fake lease agreements in order to misappropriate funds from the bank.

Straw Purchasers and Inflated Properties

According to federal prosecutors, Crawford recruited individuals to serve as straw buyers—borrowers in name only—for properties that were often grossly overvalued. These individuals, who had no intention of owning or occupying the properties, were used to help secure financing under false pretenses.

Eversman, Crawford’s brother-in-law, used his position inside the bank to approve and facilitate these fraudulent loan applications.

Instead of being used for legitimate real estate purchases, the loan funds were diverted by Crawford for other purposes. In an effort to conceal the fraud, he also submitted fabricated lease agreements to create the appearance of rental income from the properties.

Attempt to Mislead Federal Regulators

The fraud came under scrutiny during an audit conducted by the Office of the Comptroller of the Currency. When questions arose about the legitimacy of the loans, Crawford instructed at least one straw purchaser to provide false information to the regulators.

This act of obstruction deepened the government’s case against the pair, showing a deliberate attempt to mislead oversight authorities.

“They Betrayed Public Trust,” Says FBI

Karen Marinos, Assistant Special Agent in Charge at the FBI’s Springfield office, underscored the broader implications of the case.

“Every American citizen deserves to walk into their bank and trust the people behind the counter,” Marinos said. “In southern Illinois, these people are usually our neighbors and friends—people we trust with our money and wellbeing. Crawford and Eversman violated that trust for personal gain.”

Sentencing Set for October

Eversman and Crawford are scheduled to be sentenced on October 14, 2025. Both defendants face:

• Up to 30 years in federal prison

• Five years of supervised release

• Fines of up to $1 million

Their convictions mark another high-profile success for the Justice Department in its efforts to prosecute financial crimes involving abuse of position and systemic deception within U.S. banking institutions.

@ Newshounds News™
Source:  DailyHodl

~~~~~~~~~

Bitcoin To Anchor America Party — ‘Fiat Is Hopeless,’ Says Elon Musk
Musk embraces Bitcoin as cornerstone of new political movement amid feud with Trump and fiat backlash

▪️ Elon Musk confirmed that Bitcoin will be backed by the newly formed America Party, stating bluntly: “Fiat is hopeless, so yes.”
▪️ The comment came in response to a follower’s question hours after Musk unveiled the political party on X.
▪️ Bitcoin briefly spiked above $109,000 as crypto Twitter lit up with the billionaire’s endorsement.

Musk Pitches Bitcoin As Political Answer to Fiat Collapse

The exchange, initiated by Brazilian Bitcoiner Renato Lima, follows Musk’s official launch of the America Party, a direct challenge to the Republican and Democratic duopoly. Musk had already framed the party as a force capable of flipping narrow House and Senate races, declaring:

“The America Party is the solution.”

His endorsement of Bitcoin further aligns the party with a hard-money, anti-fiat ethos—a message that resonates with the crypto community’s growing political clout.

Crypto Momentum Grows as Musk Splits With Trump

The timing is no accident. Musk’s move comes amid escalating tensions with President Donald Trump, who recently passed the “Big Beautiful Bill”—a spending package Musk opposes for slashing EV subsidies.

A Musk-led Twitter poll with over 1.25 million participants found that 65% of users support independence from the two-party system. Trump, in turn, called Musk “a train wreck” who’s gone “off the rails.”

The friction marks a clear political shift—and crypto users are mobilizing.

Bitcoiners Rally, but Party Remains Organizationally Bare

Despite viral support, the America Party has no official FEC filings, no leadership structure, and no formal policy platform. An unaffiliated account claiming to represent the party even had to be flagged for impersonation.

Still, Musk’s “Fiat is hopeless” tweet carried more influence than any formal press release. Large crypto accounts boosted the statement, fueling millions of impressions and a brief BTC rally past $109K.

Musk’s History With Bitcoin Strengthens Credibility

Tesla added 11,509 BTC to its balance sheet in 2021, giving Musk real skin in the game. Though the company later sold some holdings and paused Bitcoin payments, the billionaire has maintained a high-profile association with the asset.

His America Party now inherits not only that Bitcoin credibility, but also his broader anti-establishment stance, which increasingly appeals to libertarian and tech-aligned voters.

Political Impact: Could the America Party Become a Crypto Wedge?

While the America Party lacks formal structure, its impact could be immediate, especially if Musk targets battleground districts in 2026. That could split the crypto vote, drawing support away from Trump, who previously won over the sector in 2024.

If Musk fields candidates aligned with Bitcoin policy, it would present a rare political alignment between digital assets and electoral leverage—especially in tightly contested areas.

As of press time, Bitcoin is trading at $109,086.

@ Newshounds News™
Source: Bitcoinist

~~~~~~~~~

Donald Trump Slams Elon Musk’s ‘America Party’ as a GOP-Killing Train Wreck
Musk’s third-party launch sparks fierce Republican backlash ahead of 2026 midterms

▪️ Elon Musk’s launch of the “America Party” drew immediate condemnation from Donald Trump, who warned it could split the GOP and cost Republicans control of Congress.
▪️ The feud was sparked by Musk’s anger over Trump’s $3.3 trillion “One Big Beautiful Bill Act.”
▪️ Trump called Musk’s party a “train wreck,” accusing him of going “off the rails” in a scathing Truth Social post.

Trump Warns of GOP Vote Split: “The System Is Not Designed for Third Parties”

Trump’s criticism centered on the historical failure of third-party movements in U.S. politics. He cited Ross Perot’s 1992 bid, which won 19% of the popular vote but zero electoral votes, and Jesse Ventura’s brief success with the now-defunct Reform Party.

“The system seems not designed for them,” Trump wrote, emphasizing that third parties only siphon votes from their closest ideological base—in this case, the GOP.

Musk Unleashes America Party After Tax Bill Fallout

Musk’s announcement came shortly after Congress passed Trump’s controversial tax-and-spending bill, a move the Tesla CEO had warned against. Calling it a “disgusting abomination”, Musk blamed it for undermining the mission of the Department of Government Efficiency (DOGE)—a Trump-era agency he briefly led.

He had previously vowed to launch a political party if the bill passed. When it did, Musk followed through on X, declaring:

“The America Party is formed to give you back your freedom.”

Concerns Mount Among Trump Allies Over Party Defections

The growing feud between Trump and Musk has alarmed Republican insiders, especially those in swing districts. Influencer Laura Loomer even speculated that Representatives Marjorie Taylor Greene and Thomas Massie might defect to Musk’s party—a move that could fracture conservative unity.

Republican operatives worry that even a small breakaway faction could hand key seats to Democrats, especially in razor-thin midterm battlegrounds.

Musk’s Strategy: Targeted Disruption, Not a Presidential Run

Rather than running for president, Musk appears to be pursuing a tactical approach, focusing the America Party’s resources on 2–3 Senate races and 8–10 House districts. In today’s hyper-partisan environment, that may be all it takes to reshape legislative control.

“Laser-focus on tight seats,” Musk said, indicating a plan to flip or block just enough to hold leverage in Congress.

While FEC filings for the America Party have surfaced, Musk has confirmed that at least one is fraudulent, leaving questions about the party’s official status and infrastructure. Still, the political threat is real—and growing.

@ Newshounds News™
Source: Coinpedia   

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

The Stock Market Peaked 25 Years Ago in Real Terms

The Stock Market Peaked 25 Years Ago in Real Terms

Liberty and Finance:   7-5-2025

In a recent compelling discussion with Liberty and Finance, renowned precious metals expert David Morgan peeled back the layers of apparent market prosperity, offering a stark warning that beneath the surface of robust nominal stock market indices lies a hidden, long-term erosion of real value.

Morgan’s insights challenge conventional views, arguing that while the stock market appears strong on paper, its true performance since its 2000 peak has been dismal when measured against gold, the universal constant.

Morgan articulated his concept of an “invisible crash,” a stealthy decline in purchasing power masked by relentless inflation and the systematic debasement of fiat currencies.

He contends that the everyday investor, seeing rising market numbers, is often unaware that their wealth is subtly yet profoundly diminishing in real terms. Gold, in his view, serves as the unyielding barometer of this decline, revealing the true economic landscape distorted by monetary policy.

While the broader market narrative is bleak, Morgan expressed considerable bullishness on silver, noting its recent strength, particularly its move above the $37 mark.

 He forecasted potential triple-digit prices for silver in the coming years, positioning it at the forefront of what he believes will be a major precious metals bull market. This optimism for silver stands in contrast to his broader concerns about the global financial system.

Morgan did not mince words when discussing the role of central banks, particularly the Federal Reserve. He warned that the Fed’s endless interventions and a pervasive reliance on unsustainable debt have fundamentally distorted economic signals.

This, he suggested, is setting the stage for an unprecedented economic scenario: a hyperinflationary depression. This grim outlook posits that while market indices might appear to climb, they would merely reflect rapidly depreciating currency, leading to a severe decline in living standards and economic stability.

At the heart of Morgan’s analysis is a passionate plea for sound money.

He argued that fiat currency, untethered to tangible assets and subject to political manipulation, not only undermines economic stability but also erodes societal trust and personal freedom.

For Morgan, adhering to principles of sound money is not merely an economic preference but a fundamental requirement for a prosperous and free society.

David Morgan’s insights serve as a potent reminder for investors and the public to look beyond nominal figures and understand the true purchasing power of their wealth. His warnings underscore the critical importance of financial literacy and the pursuit of assets that can preserve value in an increasingly volatile and uncertain economic environment.

https://youtu.be/K9cwgHVj84o

News, Rumors and Opinions Sunday 7-6-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 6 July 2025

Compiled Sun. 6 July 2025 12:01 am EST by Judy Byington

What We Think We Know as of Sun. 6 July 2025:

The Saint Germain Trust has (allegedly) been released – a real, legally structured, multi-trillion-dollar financial trust engineered for one singular mission: to rebuild humanity after centuries of economic slavery. The Trust would be(allegedly)  funding NESARA, GESARA and the Global Currency Reset.

The “Big Beautiful Bill” is the largest piece of legislation to ever be passed by Congress and gives a total overhaul of the government. It (allegedly) takes power and funding away from the Deepstate Cabal Globalists and gives it back to The People.

Fri. 4 July 2025: JULY 4TH BREAKS THE SYSTEM: QUANTUM TRUMPSARA IGNITES – GESARA PROTOCOL UNLEASHED, THE FARMERS’ REVENGE & THE FINAL RESET OF POWER TO THE PEOPLE – amg-news.com – American Media Group

~~~~~~~~~~

Global Currency Reset:

Sat. 5 July 2025 MarkZ: “Two bond people had exchange appointments on Tues. Some Historical Bonds have been paying out, but not nearly in the numbers we wanted to see.”

Sat. 5 July 2025 Wolverine: “Looks like everythingis ready to go for the Republic on Mon. 7 July. The Pentacostal Group has come out and their back date is Tues. 8 July.”

~~~~~~~~~~

Thurs. 3 July 2025 Bruce: (Rumors)

Redemption Center Leaders had a meeting on the timing for Tier4b notification from 4-7pm Thurs. night 3 July.

Two Sources over eight Redemption Centers each said that everything was poised to start over the weekend or at the latest by Mon. 7 July.

Another source said the timeline was a Mon, Tues, Wed start for Tier4b.

At noon central time on Fri. 4 July both Nesara and Gesara will be activated.

The R&R, increase in SS, and DOGE payments were all in the Big Beautiful Bill that was passed today by Congress.

Tues. 1 July 2025 Bruce: Large Sovereign multi-billion $ Bonds called Super Pachelli have been (allegedly) paying out. The Iraqi Dinar has (allegedly) revalued again and the new rate was on the back screen of the Forex trading. 17 currencies were(allegedly)  shown on the front screen of Redemption Centers, rates fluctuating in value. Tier4b (Us, the Internet Group) could be notified to set appointments by the weekend, but it may not be until next week Tues. or Wed. 9 July.

Read full post here:  https://dinarchronicles.com/2025/07/06/restored-republic-via-a-gcr-update-as-of-july-6-2025/

************

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

Frank26  Isn't it fascinating that the new exchange rate is being protected by everything from the budget to the HCL to Gazette to Sudani?  Everything you can mention is protecting the new exchange rate. Sudani himself is doing it because the new exchange rate is the prettiest girl in Iraq right now and everybody wants to kiss her. 

Mnt Goat   My contact in the CBI has been placed back on the committee for the Project to Delete the Zeros. So, this tells us something...Are they deciding now what to do?  Is it time?

Walkingstick  Once you see the lower notes, you're going to see the new exchange rate.  That's why you'll see the new exchange rate before you see the lower notes.  

************

SILVER ALERT! Silver Price Holds as Trouble Brews in COMEX Deliveries! GOT PHYSICAL?!

 (Bix Weir)   7-6-2025

Initial July deliveries are coming in at about 1/2 of the prior 2 delivery months...WHY? Is somebody NOT ABLE to deliver the other half or did demand all of a sudden stop? I think we know the answer!

https://www.youtube.com/watch?v=VXLtnh7ktcU

The BRICS Summit Just Started, & Here's What To Expect | Matt Riley

Arcadia Economics:  7-6-2025

This year's BRICS meeting is starting today in Brazil. And while there hasn't been as much attention around this one, that doesn't mean that there isn't plenty happening that will impact the world for decades to come.

So for a primer on what's already taken place, as well as where this is all headed, our resident de-dollarization expert Matt Riley joins us to share what's happening.

https://www.youtube.com/watch?v=cBnYlhEUlv8

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 7-6-25

Good Afternoon Dinar Recaps,

BRICS Unveils 200-Denominated Bank Note at 2025 Summit?
A symbolic gesture, not a currency launch—Putin reveals mock BRICS note to stir global conversation on de-dollarization

▪️ A 200-denominated BRICS bank note displayed at SPIEF 2025 has gone viral—but it’s not a real currency.
▪️ The note features national flags and birds of BRICS members, symbolizing unity across geopolitical divides.
▪️ Despite speculation, the bloc remains divided on launching a common currency, especially between China-Russia and India-Brazil factions.

At the 2025 St. Petersburg International Economic Forum (SPIEF), Russian President Vladimir Putin unveiled a symbolic 200-denominated BRICS bank note, igniting another wave of speculation about the future of BRICS monetary cooperation. However, the note is not legal tender, nor does it represent an official step toward a unified BRICS currency.

This follows a similar stunt from the 2024 Kazan Summit, where Putin revealed another mock-up. The note shown this year again featured emblems representing each member state, but it remains purely ceremonial—meant more to signal intent than serve as a functional medium of exchange.

No Common Ground Yet: Divisions Within the BRICS Bloc

While Russia, China, and Iran are pushing hard for a BRICS common currency, other members—including India, Brazil, South Africa, and the UAE—remain cautious or outright opposed. India has been particularly vocal in rejecting the notion, casting doubt on any near-term issuance of a BRICS bank note or reserve currency.

“The bill cannot be taken seriously as it’s not an official currency of the alliance,” the article states, reflecting the fractured consensus among member nations.

Concerns about China’s strategic ambitions are also fueling resistance. Some BRICS nations see the currency push as a tool for Chinese influence, rather than a truly cooperative initiative. Meanwhile, Russia and Iran, under heavy U.S. sanctions, are eager to bypass the dollar and see BRICS as a lifeline for economic sovereignty.

A Symbol of Aspiration—But Not of Monetary Reality

While the mock note has captured global attention, it holds no real monetary value. It cannot be traded, exchanged, or used in commerce. For now, it serves as a visual symbol of de-dollarization ambitions, rather than a concrete policy step.

Nonetheless, the display underscores the political weight behind the BRICS monetary agenda, even if practical implementation remains distant.

“There is no other option but to rely on other forms of payment than the US dollar,” notes the article, summarizing the urgency for some member states.

What Comes Next?

Until all member states align ideologically, a BRICS reserve currency remains more of a diplomatic tool than an economic reality. But these repeated symbolic gestures—especially from Moscow—signal that de-dollarization remains front and center on the bloc’s agenda.

Whether the 200-denominated note will evolve into a genuine instrument of trade or remain a propaganda image depends on how internal rifts are resolved.

@ Newshounds News™
Source: Watcher.Guru

~~~~~~~~~

Brazilian President Lula Proposes BRICS Develop New Trade Currency
Lula calls for a new settlement mechanism to counter austerity and restore multilateral order

▪️ Brazilian President Luiz Inácio Lula da Silva has renewed calls for the creation of a BRICS trade currency.
▪️ Lula emphasized that while politically complex, a common trade unit is “extremely important” for global balance and humanity’s future.
▪️ The proposal emerged during the 10th annual New Development Bank (NDB) meeting, where Lula pushed for new financing models and monetary independence.

Speaking at the 10th meeting of the New Development Bank, Lula made an emphatic plea to the BRICS bloc to develop a shared trade currency, aiming to disrupt current global settlement systems and reduce dependence on the U.S. dollar. He presented the idea as part of a broader push to combat austerity-driven policies imposed by world powers on emerging and developing economies.

“The debate over the need for a new trade currency is extremely important. It’s complex… but if people don’t find a new formula, the 21st century will end the same way the 20th century began—and that will not be beneficial for humanity.”

Lula’s Vision: Trade, Multilateralism, and Global Equity

In line with his long-standing commitment to multilateralism and free trade, Lula argued that the current system no longer serves the needs of the global South. He called on NDB President Dilma Rousseff to work with international financial institutions to design new financing and monetary alternatives.

Lula also warned that failure to act now could weaken global democracy:

“Multilateralism is facing its worst moment since its inception after World War II,” he noted.

The concept of a BRICS currency is not new, but it has consistently faced resistance—mainly due to political divergence within the bloc. So far, BRICS has instead pursued national currency-based trade settlements as a transitional step.

Global Impact and U.S. Response: A Dollar Under Threat?

The significance of such a currency is not lost on geopolitical actors. Even Donald Trump weighed in late last year, warning that any BRICS nation issuing a new currency or abandoning the U.S. dollar would face punitive tariffs up to 100%.

“They should expect to say goodbye to selling into the wonderful U.S. economy,” Trump threatened, underlining U.S. concern about losing monetary dominance.

This reinforces how the mere possibility of a BRICS trade unit could have major geopolitical and market implications, particularly for U.S. dollar hegemony in international trade.

What Comes Next?

Although Lula’s proposal remains in its early stages, it is gaining traction amid growing dissatisfaction with dollar dependency—especially among sanctioned economies like Russia and Iran, and rising powers like China.

The debate over a common BRICS trade currency is now not just economic—but existential, as it reflects deeper questions about the future of global governance and financial sovereignty.

@ Newshounds News™
Source: Bitcoin.com

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

The Silent Financial Reset: What ISO 20022 Really Means

The Silent Financial Reset: What ISO 20022 Really Means

Miles Harris:  7-6-2025

A new financial language is being adopted across the globe. It is silent, technical, and largely unnoticed by the public. Yet it is shaping the future of money itself.

 That language is ISO 20022.

It is not a policy or a treaty. It is a structural shift that enables central banks, sovereign states, and financial institutions to redesign how value moves.

The standard was first designed in the early 2000s by the International Organization for Standardization. It was tested over the following years across pilot infrastructures and selected payment systems.

 By 2004, it was formally introduced. Its adoption was initially limited, but its potential became clear as financial systems evolved.

Now, two decades later, ISO 20022 is becoming the global backbone for digital value exchange.

00:00 The Silent Code Reshaping Global Finance

 01:23 Two Directions; One Pipeline

02:04 Who Really Controls the Pipes?

 02:58 CBDCs: The Power Tool ISO 20022 Was Built For?

 04:10 Escaping the Dollar without leaving the system

05:08 Metadata: The Surveillance Layer No One Voted For

06:00 Money With Rules: When Policy Becomes Code

06:45 One Standard, Many Flags

https://www.youtube.com/watch?v=I8tXQEe-7CU

Seeds of Wisdom RV and Economic Updates Sunday Morning 7-6-25

Good Morning Dinar Recaps,

 Europe Hopes To Avoid the Worst: A Possible Agreement With the USA This Weekend?
EU scrambles to avert tariff showdown as U.S. threatens up to 70% duties on exports

▪️ Europe faces a July 9 deadline from Washington to reach a trade deal or risk crippling tariffs by August 1.
▪️ Customs duties could rise to 70% on EU exports if no agreement is reached.
▪️ Brussels is pushing for a last-minute agreement to avoid a transatlantic trade war that could reshape global economic alignments.

As global trade dynamics continue to shift, Europe finds itself cornered by a hard deadline imposed by the U.S. administration. Former President Donald Trump—who is leading current trade policy—has issued an ultimatum: reach a bilateral deal by July 9 or face punitive tariffs beginning August 1.

Brussels is scrambling to de-escalate the situation. In a tense climate of accelerated diplomacy, an EU delegation is currently in Washington negotiating to prevent a tariff confrontation that could destabilize key European industries.

Tariff Escalation Threatens to Ignite Trade War

Trump’s unilateral move stems from an April proposal to reform U.S. foreign trade strategy. Since then, 12 official letters have been dispatched to major trade partners, including the EU, signaling a shift toward aggressive bilateralism. Key elements of the proposed sanctions include:

▪️ Tariffs ranging from 10% to 70% on EU exports, effective August 1, 2025,
▪️ Criteria based on trade imbalances, targeting countries with high export volumes to the U.S.,
▪️ Departure from WTO multilateral principles in favor of direct economic pressure.

“I hope we will have an agreement this weekend. Otherwise, Europe will probably have to show more strength in its response to restore balance,” said French Economy Minister Éric Lombard on Saturday.

Europe Braces for a Return to Protectionism

Facing an increasingly hostile trade environment, European leaders are debating whether to adopt more assertive protectionist policies. Lombard signaled that the EU should prepare to erect its own customs barriers, not only against the United States but also against China, which is often accused of unfair trade practices.

“It’s like a playground where everyone plays hopscotch with supervisors and rules. Then three bullies arrive and ignore all the rules,” Lombard said, pointedly referring to the U.S., China, and Russia.

This metaphor underscores Europe’s growing concern: a breakdown of multilateralism and the rise of a raw-power economic order, where strategic autonomy and hardline trade responses may be the only path to survival.

Crypto Markets Eye Opportunity Amid Geopolitical Shifts

As tensions mount, financial markets are beginning to price in geopolitical risk. Digital assets, especially Bitcoin (BTC), are gaining attention as a hedge against rising trade uncertainty and weakening trust in fiat currencies.

A full-scale tariff war could accelerate capital flows into decentralized assets, particularly if U.S.-EU monetary tensions fuel inflation or currency instability.

Institutional investors are keeping a close watch on this weekend’s negotiations, knowing that failure could trigger new volatility cycles and place crypto back at the center of global hedging strategies.

Trade Turbulence May Force Europe Toward Greater Sovereignty

If talks collapse, the resulting tariffs could cripple EU exporters and amplify imported inflation, especially in key sectors like machinery, automotive, and luxury goods.

In the medium term, this would likely strengthen Europe’s resolve to pursue industrial and monetary sovereignty—possibly accelerating moves toward:

• A more unified EU trade policy,

• Greater investment in European supply chains, and

• Broader exploration of digital currencies and decentralized finance to reduce reliance on U.S.-led systems.

A return to protectionism—if confirmed by Washington’s actions—could mark a turning point for global trade, ushering in a new era defined by sovereignty-first economic policy.

@ Newshounds News™
Source: CoinTribune

~~~~~~~~~

ECB President Christine Lagarde Warns Stablecoin Adoption Might Lead to ‘Privatization of Money’
Lagarde urges caution as stablecoins challenge central banks’ role in safeguarding monetary sovereignty

▪️ Christine Lagarde warns that stablecoins should not be treated as money, highlighting risks to financial sovereignty.
▪️ Privately issued stablecoins could undermine central banks’ ability to conduct monetary policy.
▪️ The ECB advocates for a public alternative through the forthcoming digital euro.

Speaking at a central bank forum in Portugal, European Central Bank (ECB) President Christine Lagarde issued a direct warning about the growing use of stablecoins. She argued that these digital assets, issued by private companies like Tether (USDT) and Circle (USDC), pose a significant challenge to public financial institutions and blur the line between money, payments, and infrastructure.

“I think that we are falling prey to some confusion between money, means of payment, and payment infrastructure… accelerated by the technology that is being used,” said Lagarde.

The Rise of Stablecoins: A Threat to Monetary Sovereignty?

Lagarde’s remarks reflect mounting concern within global central banks over stablecoins’ role as money substitutes. By mimicking the value of fiat currencies but existing outside of central bank control, stablecoins threaten to erode public trust in traditional monetary frameworks.

“My fear is that this blurring of the lines… is likely to lead to a privatization of money. I don’t think that this is the purpose for which we’ve been appointed… nor is it good for this public good that is money,” she emphasized.

Stablecoins, often used for digital commerce, cross-border payments, and DeFi transactions, operate independently of national monetary systems, which weakens central banks’ ability to implement effective monetary policy.

ECB’s Digital Euro: A Public Answer to Private Innovation

To counteract the growing influence of private digital currencies, the ECB is pushing forward with the digital euro—a central bank digital currency (CBDC) designed to retain public control over digital money.

Lagarde has long championed the digital euro as both a tool of sovereign economic policy and a technologically advanced public payment option. In June, she reaffirmed that the digital euro is nearly ready for launch, pending final regulatory clearance.

The digital euro aims to balance innovation with monetary stability, ensuring that digital transactions do not shift the power of money creation and policy away from democratic institutions.

A New Financial Paradigm: Who Should Control the Money Supply?

The ECB’s messaging marks a broader philosophical debate: Should money remain a public good managed by central banks, or shift toward private issuers in the name of innovation and convenience?

Stablecoins, which were originally introduced to simplify crypto trading, are increasingly used as real-world proxies for fiat currencies, raising profound regulatory and economic implications.

Lagarde’s warning comes amid growing international calls to regulate stablecoins, particularly as their adoption rises among retail and institutional users alike. The clash between centralized public finance and decentralized digital currencies is now a defining tension of modern monetary policy.

@ Newshounds News™
Source: Bitcoin.com

~~~~~~~~~

Musk Announces Formation of ‘America Party’
Tech mogul launches third-party bid, slams “uniparty” politics and GOP spending bill

▪️ Elon Musk announced the formation of the “America Party”, a new political faction aiming to disrupt the U.S. two-party system.
▪️ The move follows a poll on X (formerly Twitter) where users backed the idea of a third party by a 2-to-1 margin.
▪️ Musk, a vocal critic of both Democrats and Republicans, framed the party as a return to “freedom” and common sense, declaring the U.S. lives under a “one-party system.”

On Saturday, tech billionaire Elon Musk made headlines again—this time in the political arena. In a post on X, which he owns, Musk wrote:

“By a factor of 2 to 1, you want a new political party and you shall have it… Today, the America Party is formed to give you back your freedom.”

Shortly after, a live page for the America Party went public, gaining over 19,000 followers in hours. The page emphasizes a platform “built on common sense, not consultants.”

Tensions with Trump and the GOP Spark Third-Party Bid

The launch comes after Musk threatened to form a third party in response to the GOP's recent spending package. Musk criticized the legislation for stripping electric vehicle (EV) credits, a direct blow to Tesla, one of his core businesses.

“The way we’re going to crack the uniparty system,” Musk wrote, “is by using a variant of how Epaminondas shattered the myth of Spartan invincibility at Leuctra: Extremely concentrated force at a precise location on the battlefield.”

Musk, historically a Republican-leaning donor, is now shifting focus toward building a new base, appealing to voters disillusioned with both major parties.

Bannon Calls for Musk’s Deportation Over Third Party Move

The announcement sparked backlash from Trump’s former chief strategist Steve Bannon, who attacked Musk’s citizenship and motivations.

“Only a foreigner could do this... Elmo the Mook, formerly known as Elon Musk... He should be deported,” Bannon said on his War Room podcast.

Bannon accused Musk of undermining American politics and suggested potential legal actions to challenge his role in forming a party he sees as un-American.

Trump Responds: DOGE Probe and Subsidy Accusations

In response, President Trump hinted at launching a federal probe into Musk’s businesses through the Department of Government Efficiency (DOGE)—a department previously led by Musk.

 “Elon may get more subsidy than any human being in history… No more rocket launches, satellites, or electric car production,” Trump wrote, calling for DOGE to examine Musk’s government ties.

The president claimed Musk has profited from “BIG MONEY” in federal aid and subsidies, suggesting his companies are overly dependent on taxpayer funds.

What Comes Next?

With U.S. elections approaching, the America Party could draw support from independents and swing voters dissatisfied with traditional party politics. However, the move also opens Musk to intense political and legal scrutiny, particularly as tensions with Trump escalate.

Whether this initiative gains real traction or remains symbolic, it reflects a growing crack in America’s bipartisan system, now challenged by one of the most influential entrepreneurs in the world.
@ Newshounds News™
Source: The Hill

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Sunday Morning 7-6-2025

TNT:

Tishwash:  Here's what's happening on Tuesday... The Baghdad-Erbil dialogue is reaching its final stages.

An informed source reported on Saturday that the talks between the central and regional governments have reached their final stages, while indicating that the two sides are close to drafting the final agreement.

The source said in a statement monitored by Al-Masry that "the supposed agreement stipulates the re-exportation of the region's oil, the latter's handing over its revenues to the federal government, and the commencement of the settlement of salaries."

He added, "If a final agreement is reached on the draft agreement, it will be ratified by the Council of Ministers in its session next Tuesday, after which salaries for Kurdistan Region employees will be disbursed."  link

**************

Tishwash:  Alaa Al-Fahd: Iraq is entering a new phase, and electronic payments will strengthen the dinar.

Economic expert Alaa Al-Fahd affirmed on Saturday that the Central Bank's move to establish a national electronic payment company represents a fundamental pillar in promoting financial inclusion and sovereignty over financial transactions within Iraq. He noted that it is part of an integrated strategy to reform the banking system.

Al-Fahd told the Jarida Platform , "This step aims to expand the electronic payment base, enhance public confidence, and reduce reliance on cash through local systems that contribute to strengthening the Iraqi dinar."

He added, "The project is part of a package of reforms being implemented by Iraq in cooperation with international audit firms, enabling greater flexibility in banking transactions and increasing the volume of electronic trading." He noted that "the Central Bank's current approach reflects an accelerated vision to reduce implementation time and achieve real reforms in the banking structure."  link

***************

Tishwash:  Al-Sudani's advisor: The value of the region's oil contracts and transportation costs delayed amending the three-year budget law.

The Prime Minister's Financial Advisor, Mazhar Mohammed Saleh, affirmed 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."

Saleh said in a press statement, “Based on the Federal General Budget Law No. 13 of 2023, the three-year budget, the federal financial policy was formed on an approach called (fiscal space), which gave it the high ability to move dozens of approved and previously suspended strategic government projects to implementation.

This is what distinguished it with the high activity of the development wheel in implementing the service projects that the country is witnessing without stopping, and its results became tangible thanks to the success of the three-year budget, in addition to what was approved of major projects that were approved in the 2023 and 2024 budget schedules, which are among the projects that are currently continuing without stopping.”

He pointed out that “the financial compass reading, which required the submission of the 2025 budget tables for legal approval in accordance with Article 77/Second of the Budget Law, was truly delayed for two fundamental reasons. The first is the awaiting of the amendment to the Triennial General Budget Law, which concerns the values ​​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 a re-reading of some financial constants and variables, whether revenues, expenditures, financing the deficit and its sources, more than once due to international geopolitical and economic problems and the major issues that occurred in the global economy at an accelerating pace, which led to the generation of volatile shocks in close periods of the current fiscal year, which necessitated hedging against external shocks.”

He continued, "As far as the rights and entitlements acquired in the operational aspect of the general budget are concerned, which have not been disbursed and are contingent upon the submission of the financial schedules for the year 2025, these are rights protected by law and reserved for those entitled to them, and they are not cancelled by the statute of limitations. It is only a matter of time and will be disbursed once those schedules are approved or any adjustment that does not conflict with the law."

link

**************

Mot:  Still is Amazing to Me the Things ""Folks"" Worry about!! - LOL!!! 

Mot:  Siiggghh -- I Just Found out Soooo many Things I Needs to Figure out!!!! 

The End of the Dollar Dominance Starts Now, the Dollar is Dying

The End of the Dollar Dominance Starts Now, the Dollar is Dying

Lena Petrova:   7-5-2025

August 1971 marked a seismic shift in global finance. President Richard Nixon’s unilateral decision to end the US dollar’s convertibility to gold effectively dismantled the Bretton Woods system, ushering in a turbulent decade characterized by soaring inflation, stagnating growth, and a weakening dollar.

Over half a century later, echoes of that period ripple into 2025, as the US dollar experiences its worst six-month performance since 1973, with a significant decline in the dollar index signaling a widespread divestment by global investors.

The dollar’s undisputed reign began in 1944 with the Bretton Woods agreement, a cornerstone of the post-World War II economic order.

 Under this system, the dollar was pegged to gold at a fixed rate, and other major currencies were, in turn, pegged to the dollar. This architecture provided much-needed stability, facilitating international trade and investment in a recovering world.

However, the very success of Bretton Woods sowed the seeds of its undoing. As economies like Japan and those in Europe burgeoned, their demand for dollars grew exponentially to stabilize their own currencies against extreme exchange rate volatility – the unpredictable and rapid fluctuations that complicate global commerce.

The US, in its role as the world’s primary liquidity provider, responded by running persistent fiscal deficits and accumulating debt. Yet, its gold reserves struggled to keep pace, gradually eroding international confidence in the dollar’s backing. By the late 1960s, domestic spending on the Vietnam War and ambitious social programs fueled inflation, prompting nations like France to exchange their dollar reserves for gold, a clear vote of no-confidence in the dollar’s true value.

Nixon’s dramatic suspension of gold convertibility ushered in a decade of economic difficulty marked by “stagflation” – the unwelcome combination of stagnation and inflation – and rising interest rates. The parallels to the present are stark.

Fast forward to 2025, and the US dollar faces renewed pressure, exacerbated by volatile economic policies. The erratic trade wars and unpredictable strategies of the Trump Administration have shaken confidence in US financial leadership and strained global alliances.

Adding to the alarm, the proposed “Mara Lago Accord,” a plan to issue century-long zero-interest bonds, has sent shivers through foreign governments, intensifying fears of a potential US default as the national debt soars beyond 120% of GDP.

As the US grapples with these severe fiscal challenges, alternative currencies are gaining significant traction. China’s renminbi, despite not being fully convertible, is increasingly favored in bilateral trade, particularly across Asia, Latin America, and Africa.

The Euro continues to offer a comparatively stable alternative for global transactions, while cryptocurrencies are slowly but surely integrating into legitimate financial operations, signaling a broader diversification trend.

While the dollar’s entrenched dominance won’t vanish overnight, a significant shift is underway. Diversification by central banks away from US Treasury securities could trigger a domino effect: higher interest rates, more expensive debt servicing, and a vicious cycle that further worsens America’s fiscal health.

This precarious situation brings to mind the prophetic mid-20th-century warning from Yale economist Robert Triffin. He posited that the US would inevitably have to run persistent deficits to supply the global economy with liquidity, but these very deficits would, over time, undermine confidence in the dollar itself. Triffin’s dilemma was tragically realized in 1971, and it appears to be repeating itself in 2025.

However, unlike the past, the dollar now faces formidable competition from rising alternatives. Should the US continue its path of unpredictable and potentially destabilizing policies, the decline in dollar confidence could accelerate, potentially leading to a prolonged and painful adjustment period for the global financial system.

While the dollar remains a powerful force today, shifting global dynamics suggest its long-unchallenged supremacy may soon be a thing of the past.

https://youtu.be/R6EYv_Q4d3w