MilitiaMan and Crew: Iraq Dinar News-Iraq’s Economic Transformation

MilitiaMan and Crew:  Iraq Dinar News-Iraq’s Economic Transformation

8-7-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

In today’s video, we explore the dynamic economic landscape of Iraq as the nation embarks on a transformative journey towards modernization and growth.

Iraqi Dinar & Electronic Payments: We’ll discuss the significance of the Iraqi dinar in the current economic climate and how the government is committed to establishing a secure and integrated electronic payment structure. Check out r how this shift is promoting financial inclusivity and facilitating smoother transactions for businesses and consumers alike.Cashless is key.

Revolutionizing Electricity Production: Iraq has achieved unprecedented records in electricity production! A very big deal! Join us as we delve into the strategies that have led to this remarkable progress and how it’s impacting daily life and economic activities across the country, regionally and internationally!

Kirkuk Gas Investment: The video also highlights the exciting developments in the Kirkuk gas sector. International names are involved and more to come! Learn about the investments being made to harness this vital resource and how it’s set to play a pivotal role in Iraq’s energy diversification strategy.

 Maximizing Non-Oil Revenues: As part of its vision for sustainable economic growth, the Iraqi government is actively working to maximize non-oil revenues. We’ll explore the initiatives and policies being implemented to reduce reliance on oil and foster a more diversified economy.

Join us on this informative journey as we uncover the steps Iraq is taking towards economic resilience and stability.

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

Iraq Economic News and Points To Ponder Thursday Afternoon 8-7-25

Central Bank Governor: Developing the electronic payment system is a strategic option in building a diversified economy.

August 07, 2025  In his speech at the Comprehensive Transformation to Electronic Payments Conference held in Baghdad,   His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, emphasized that the bank has worked to develop  electronic payment systems in an integrated and secure manner, including   payment and  settlement  in accordance with the highest international standards and practices.

He explained that  these systems have contributed to enhancing the
     efficiency and reliability of financial operations and supported the
     implementation of strategic initiatives
 
in partnership with the government to
     localize salaries,
     electronic fortification, and
     development financing programs. 

His Excellency the Governor explained that  digital transformation has become a strategic choice for building       a modern state,     a diversified economy, and     transparent government services.
 
International experience has also proven that digitization is not a luxury, but rather
     a key driver for
          sustainable development,
          improving the work environment,
          empowering youth, and
          developing vital sectors.  His Excellency the Governor emphasized that
 
Iraq faces a historic opportunity to embark on a clear vision
for an economy capable of
     confronting challenges,
     combating corruption, and
     creating an attractive investment environment.
 
These systems have contributed to
     enhancing the efficiency and reliability of financial operations and supported the
     implementation of strategic initiatives in partnership with the government
to     localize salaries,     electronic fortification, and     development financing programs.  

The governor indicated that   the Central Bank is working, as part of its plan,
     to consolidate the electronic payment infrastructure by implementing several national projects,
  such as the instant payments system, which   allows for 24/7 financial transfers and
 provides a   smoother user experience, and the unified payments portal for government entities, which facilitates    payment procedures,  reduces manipulation, and  increases trust.

The National Card Scheme, which
     builds an independent national system that
          preserves digital sovereignty,
          reduces reliance on external systems, and
          opens the door to products that suit the local market.
 
* Fourth: Developing the national switchboard to support the
     significant increase in transaction volume and
     ensure the speed and stability of operations within a secure environment, in addition to
     establishing partnerships with regional and international institutions and
     deepening cooperation with global payment networks to benefit from their advanced tools.
 
His Excellency added that  an in-depth study is underway to regulate crypto-asset trading,
  taking into account the  challenges, risks, and opportunities, ensuring financial stability requirements, and  strengthening fraud prevention, anti-money laundering, and countering the financing of terrorism systems.
 
The Governor called on the media and educational institutions to launch awareness programs that highlight the advantages of electronic payments and the risks of dealing outside the official framework,
in order to build an integrated system characterized by efficiency and transparency,
placing Iraq among the ranks of developed countries.

He pointed out that the  success of this transformation is not achieved through infrastructure alone,
but rather requires a real partnership between various relevant parties, including
 government agencies, the     banking sector,     technology companies, and
 civil society organizations.

He also noted that  raising community awareness of electronic payments and overcoming fears  constitutes an essential element in building trust among the beneficiary parties.   https://cbi.iq/news/view/2950 

 Joint Cooperation Between The Central Bank And Al-Hadbaa University
 
August 07, 2025     The Director General of the Central Bank of Iraq's Mosul branch, Dr. Hussein Lazem,
received a delegation from Al-Hadbaa University headed by the Dean of the College of Administration and Economics, Dr. Musab Abdul Salam Taha.
 
During the meeting, the two parties discussed  training and development programmes   that could be adopted within the framework of exchanging expertise.
 
The two parties also agreed to explore opportunities for joint cooperation in the areas of
     enabling banking operations and  promoting the concept of financial inclusion.
    
    Central Bank of Iraq    Media Office    July 7, 2025    https://cbi.iq/news/view/2949   

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

Billion-Dollar Meltdown Ignites Banking Panic, Major Cities Face Total Collapse

Billion-Dollar Meltdown Ignites Banking Panic, Major Cities Face Total Collapse

Steven Van Metre:   8-6-2025

A brewing storm in the commercial real estate (CRE) sector is sending ripple effects through the financial world, raising concerns about a potential banking panic and even a broader global financial crisis. At the heart of this unfolding crisis is a dramatic devaluation of prime properties, exemplified by a major Denver office tower.

The Wells Fargo Center, a prominent office tower in Denver, has seen its value plummet by an astonishing 76% since 2019. This precipitous decline has already triggered significant losses for investors holding Commercial Mortgage-Backed Securities (CMBS) tied to the property, even impacting high-rated tranches previously considered low-risk.

The real concern, however, lies with small and midsize regional banks, which are heavily exposed to CRE debt. These institutions hold substantial amounts of such loans on their balance sheets, making them acutely vulnerable to the cascading losses. Experts fear that this exposure could ignite a liquidity crisis, eerily reminiscent of the Silicon Valley Bank collapse, as properties continue to be reappraised at vastly lower values.

The fundamental cause of this crisis is the profound shift in work habits brought on by the pandemic. The widespread adoption of remote and hybrid work models has drastically reduced the demand for traditional office spaces, particularly older buildings. This structural change has led to a surge in delinquency rates and defaults across the CRE sector, a trend expected to accelerate as more properties face reappraisals, wiping out investor equity and forcing banks to absorb unforeseen losses.

This isn’t just a U.S. problem. Similar patterns of economic contraction and insolvency are emerging in major economies like Germany and China, further exacerbating global financial instability. Complicating matters, central banks, including the Federal Reserve, appear to be grappling with the limitations of traditional monetary policy.

Rate cuts or other tweaks are unlikely to reverse the fundamental decline in CRE demand or address deeper issues in industrial production. Figures like Jerome Powell and Janet Yellen are perceived by some as potentially “behind the curve” in anticipating and managing the full fallout.

For investors, the evolving situation demands vigilance. Widespread exposure to CRE debt across various portfolios could lead to significant losses. However, amid this turbulence, innovative opportunities are emerging. One such example highlighted is Upexi, a company building a crypto treasury around the Solana blockchain.

Upexi’s stock has reportedly doubled since its last feature, positioning itself as an intriguing option for those seeking to bridge traditional finance and cryptocurrency exposure, potentially offering alternative growth avenues away from traditional market vulnerabilities.

The unfolding crisis in commercial real estate poses a formidable challenge to the global financial system. As further CRE defaults and revaluations occur, the implications for banking stability, investor portfolios, and the broader economy will be profound. Close monitoring of this evolving situation is paramount.

https://youtu.be/YIarkEuoUM8

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 8-7-25

Good Afternoon Dinar Recaps,

Bank of England Expected to Cut Interest Rate to 4.0% Despite Rising Inflation

• BoE expected to cut rates from 4.25% to 4.0%

• UK inflation accelerates, while growth continues to contract

• GBP/USD at risk of falling toward August lows near 1.3140

The Bank of England (BoE) is poised to announce a 25-basis-point interest rate cut on Thursday, reducing the benchmark rate from 4.25% to 4.0%, according to growing market consensus. Analysts expect that seven out of nine Monetary Policy Committee (MPC) members will vote in favor of the cut, up from just three in the previous meeting.

The decision will be accompanied by the meeting Minutes and the Monetary Policy Report, offering insight into the BoE’s updated economic outlook and inflation projections. Following the announcement, Governor Andrew Bailey is scheduled to deliver a press conference outlining the rationale behind the rate cut and potentially signaling the bank’s future policy trajectory.

Economic Backdrop: A Conflicting Picture

The BoE last held rates steady in June. At that time, three MPC members cited:

• Weakened labor market conditions

• Subdued consumer demand

• Wage growth trending toward sustainable levels

Since then, economic indicators have continued to show strain:

• UK GDP contracted 0.1% MoM in May, following a 0.3% contraction in April

• Production output fell 0.9%

• Construction output declined 0.6%

• Services output rose slightly by 0.1%

These figures paint a troubling picture of a slowing UK economy, just ahead of the Q2 GDP estimate set for release on August 14.

Inflation Rebounds—Complicating the BoE’s Dilemma

Despite declining growth, inflation rose sharply in June:

• Headline CPI climbed to 3.6% YoY, up from 3.4% in May

• Core CPI increased to 3.7% YoY, from 3.5%

• Services inflation held steady at 4.7%, with food prices showing their biggest jump since February 2024

Meanwhile, labor market conditions continue to loosen, with the unemployment rate climbing to 4.7% in April, from 4.4% at the start of the year.

As the central bank weighs slowing growth against persistent inflationary pressures, Governor Bailey recently reiterated:

“I really do believe the path is downward”—referring to interest rates.

Revised Economic Forecasts Expected

Analysts anticipate that the BoE may:

• Upgrade inflation projections due to sticky services inflation and rising food prices

• Downgrade growth expectations, reflecting weak consumer demand and broad-based output declines

Market Reaction: GBP/USD Faces Downside Risk

Ahead of the announcement, GBP/USD is trading just above 1.3300, struggling to extend gains. The central bank’s split vote and cautious tone are expected to exert downward pressure on the British Pound.

According to Valeria Bednarik, Chief Analyst at FXStreet:

“The GBP/USD pair hovers around its weekly peak in the 1.3330 region, without any technical sign of additional gains ahead.”

She continues:

“The pair could turn bullish only if it breaks above 1.3400, an unlikely scenario given the expected BoE announcement. On the downside, watch the 1.3250 support—if breached, GBP/USD could target the August low at 1.3141.”

Conclusion

The Bank of England faces a complex policy crossroads: inflation is rising, but growth is faltering. While a rate cut appears imminent, the communication strategy and vote split may be the biggest market movers. The fate of the GBP/USD pair hangs in the balance, with downside risks mounting unless the BoE delivers a surprisingly hawkish outlook.

@ Newshounds News™
Source:  BeInCrypto

~~~~~~~~~

Canada & Mexico to Join BRICS? The Fall of the US Dollar in 2024?

• Exploring BRICS Expansion in the Western Hemisphere

• Mexico formally declines BRICS membership

• Canada remains silent on BRICS engagement

• Is the US Dollar's global dominance at risk?

Potential Expansion of BRICS: An Analysis of Canada and Mexico’s Involvement

The BRICS bloc—originally composed of Brazil, Russia, India, China, and South Africa—has been rapidly expanding. In August 2023, the alliance extended invitations to several countries, five of which officially joined in 2024. This growth has sparked speculation about whether Western-aligned nations, including Canada and Mexico, could eventually pivot toward BRICS, potentially accelerating dedollarization efforts worldwide.

Mexico’s Stance on Joining BRICS

Speculation surrounding Mexico’s potential entry into BRICS intensified in mid-2023, ahead of the bloc’s August summit. However, Mexican President Andrés Manuel López Obrador publicly refuted such claims, affirming that Mexico would not seek membership in the alliance. The decision aligned with Mexico’s longstanding trade, economic, and geopolitical ties with the United States under frameworks such as USMCA.

Canada’s Position Regarding BRICS

In contrast to Mexico, Canada has made no official statements regarding BRICS membership. To date, there have been no public discussions, diplomatic engagements, or policy shifts that indicate Canadian interest in aligning with the BRICS bloc. Canada remains a core member of Western institutions such as the G7, NATO, and the OECD, further reinforcing its alignment with the existing US-led financial order.

Will Canada and Mexico Join BRICS?

Based on current geopolitical alignments, it appears highly unlikely that either Canada or Mexico would pursue BRICS membership in the near term—particularly with the explicit goal of weakening or replacing the US Dollar. While 2023 saw increasing concerns over the dollar’s global dominance, including inflationary pressures and internal US political division, both Canada and Mexico remain deeply integrated into the US-centric financial and security architecture.

BRICS’ Aspirations and Western Countries’ Responses

BRICS continues to push for greater economic sovereignty and a shift away from dollar dependency, aiming to promote settlement in local currencies and eventually introduce a shared digital or commodities-backed currency. These efforts have been well-received in parts of the Global South and among energy-exporting nations seeking alternatives to SWIFT and IMF dollarization structures.

Yet, the idea that NATO-aligned nations such as Canada and Mexico would join this movement remains speculative at best. Their participation in the US-led global order, access to Western capital markets, and dependence on the North American economic ecosystem make BRICS membership both politically improbable and economically costly.

Conclusion: Realignment or Rhetoric?

Despite BRICS’ expansion and continued calls for monetary multipolarity, neither Canada nor Mexico are expected to deviate from their current trajectories. While the US Dollar faces challenges, its foundational role in global trade, reserves, and institutional finance still ensures that Western partners remain tethered—for now.

As BRICS gains more influence in the Global South, 2024 will be a year to watch—but expectations of Western defection to the bloc remain premature.

@ Newshounds News™
Source:  aped.ai

~~~~~~~~~

BRICS to Discuss Joint Response to Trump’s Tariffs

• Lula calls out Trump’s “unilateralism” and threat to multilateral trade

• BRICS members may coordinate action in response to rising tariffs

• Brazil, India, and China seek a unified strategy to limit U.S. economic pressure

Lula Urges BRICS Coordination Amid Rising U.S. Tariffs

The BRICS bloc—comprising Brazil, Russia, India, China, and South Africa—is preparing to discuss a coordinated response to U.S. President Donald Trump’s escalating tariff threats. The initiative comes directly from Brazilian President Luiz Inácio Lula da Silva, who criticized Trump’s approach to international trade as a deliberate attempt to undermine multilateral institutions.

“What President Trump is doing is tacit — he wants to dismantle multilateralism, where agreements are made collectively within institutions, and replace it with unilateralism, where he negotiates one-on-one with other countries,” Lula told Reuters.

President Lula stated that he would initiate conversations with fellow BRICS leaders, beginning with Indian Prime Minister Narendra Modi on Thursday, followed by China’s President Xi Jinping and others. His goal: to understand how each nation is affected by the U.S. measures and to formulate a joint response.

“I’m going to try to discuss with them about how each one is doing in this situation, what the implications are for each country, so we can make a decision.”

Where BRICS Tariffs Currently Stand

• U.S.–Brazil Tariffs: Currently at 50%

• India Tariffs: Increased today by 25%, now totaling 50%

• China–U.S. Tariffs: Paused for now

• Russia Tariffs: Above 30%

• Canada Tariffs: Recently raised to 35%

• EU Goods: Settled at a new 15% tariff

Trump has recently labeled the BRICS alliance as “anti-American”, issuing public threats to impose an additional 10% blanket tariff on bloc members. Some individual BRICS nations, notably India and China, have explored bilateral deals with the U.S. to mitigate tariff effects. However, growing pressure may force a unified BRICS front to resist escalating U.S. protectionism.

Brazil’s Leadership Role in BRICS Response

President Lula emphasized that Brazil currently holds the BRICS presidency, granting it a leading role in shaping the bloc’s diplomatic and economic posture. In his interview, he expressed concern not just over tariffs, but over Trump’s broader agenda to dismantle multilateral norms:

“I want to discuss with our allies why Trump is attacking multilateralism and what his goals may be.”

Notably, Lula did not reference any intention to engage Trump directly as part of this initiative, suggesting that the response will remain within the BRICS framework for now.

The Bigger Picture: Trump’s Tariff Offensive

In recent days, President Trump has accelerated a wave of protectionist trade measures as part of his self-imposed tariff deadline. These include:

• 35% tariffs on Canadian imports

• 50% tariffs on Brazilian goods

• 15% settled tariffs on EU exports

All of this appears to be part of a broader realignment of U.S. trade policy aimed at strengthening leverage ahead of key diplomatic deadlines.

Conclusion: BRICS Eyes a Coordinated Strategy

The growing web of tariffs has created significant uncertainty for global markets and placed BRICS nations on alert. As Lula takes steps to convene the bloc’s leadership, the prospect of a cohesive BRICS economic strategy—and possibly retaliatory action—marks a pivotal moment in the evolving U.S.–BRICS relationship.

@ 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

Thursday “Tidbits From TNT” 8-7-2025

TNT:

Tishwash:  Central Bank Governor: We are working to consolidate the electronic payment infrastructure through five strategic projects.

The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced today, Thursday, the development of rules and guidelines supporting the electronic payment system, revealing five major national projects aimed at consolidating the infrastructure for this system, as part of the move towards comprehensive digital transformation.

Al-Alaq said, during the "Comprehensive Transformation of Electronic Payment" conference, that "digitalization is no longer a luxury option, but rather a strategic necessity for building a modern state and a diversified economy, and achieving transparency in service provision."

He stressed that "Iraq has a historic opportunity to make up for lost time and launch a new vision to combat corruption and stimulate investment."

He explained that the Central Bank is working to develop an integrated and secure payment system that meets the highest international standards and enhances the efficiency of financial transactions, in cooperation with the government and within national initiatives that include salary localization, electronic immunization, and development financing programs.

Al-Alaq explained that the five main projects are:

The Instant Payments System: enables money transfers around the clock and provides a smooth and secure user experience.

The Unified Government Payments Portal: contributes to facilitating payment procedures and enhancing transparency.

The National Card Scheme: establishes an independent national system that preserves digital sovereignty and serves the local market.

Developing the National Operations Department: Enhances the ability to efficiently manage the increasing volume of transactions.

Regional and international partnerships: Aim to leverage the advanced tools of global payment networks.   link

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

Tishwash:  Iraq's Bank Restructuring Project: Commit, Merge, or Liquidate!

The Iraqi banking sector is witnessing an unprecedented transformation with the launch of a comprehensive reform project led by the Central Bank of Iraq (CBI), in collaboration with the global firm Oliver Wyman.

 The project aims to restructure the banking system and raise its efficiency in line with international best practices. The plan, which extends until 2028, seeks to reorganize the status of private banks and determine their future within the market through clear and well-defined paths.

Economic expert Abdul Rahman Al-Shaikhly said, "The Iraqi banking system is currently witnessing a broad reform movement aimed at restructuring and organizing it in accordance with international best practices, under the direct supervision and strict oversight of the CBI."

Al-Shaikhly explained in a statement to Al-Mada that "the CBI is adopting a comprehensive reform roadmap extending until early 2028. It is being implemented in semi-annual phases, in cooperation with the global financial consulting firm Oliver Wyman, which has been contracted to undertake the reform and restructuring task."

According to the approved plan, the private banking sector, both commercial and Islamic, is given three basic options to determine its future path within the Iraqi financial system. These are: continuing to operate within the banking system, provided it fully complies with the required regulatory and technical standards; merging with another existing bank; or forming a new banking entity through a union between two or more institutions.

 In addition, the Central Bank imposes non-refundable fees on banks that choose either the continuation or merger options, in exchange for monitoring and implementing reform requirements. The continuation option fee is estimated at $2.4 million annually, while the merger option fee is $1.2 million. Banks that decide to voluntarily withdraw and liquidate are fully exempt from paying any fees.

The new reform project comes amid growing local and international calls to restructure the banking system in Iraq, which has for decades suffered from chronic problems related to weak governance, low financial inclusion rates, and the majority of citizens' reliance on cash transactions outside the formal banking framework.

Iraq has more than 70 banks, including government, private, and Islamic banks. However, a large number of them lack the foundations of modern banking operations and face difficulties in adhering to international standards, particularly those related to combating money laundering and terrorist financing.

This has exposed the country to pressure from international regulatory bodies, such as the Financial Action Task Force (FATF) and the International Monetary Fund. The Central Bank of Iraq (CBI) has launched several initiatives in recent years to stimulate the banking sector, but these have not achieved the desired impact. This prompted it to adopt a comprehensive reform plan in cooperation with the global firm Oliver Wyman, which has experience in reforming banking systems in numerous countries, including Jordan, Egypt, and Greece.

This step is viewed as a serious attempt to break with traditional banking practices that are no longer viable, especially in light of the economic and financial challenges facing the country and the increasing pressure to provide a transparent and efficient financial environment capable of attracting investment and enhancing monetary stability.

In light of these challenges, the Central Bank seeks, through the new project, to redraw the map of the banking sector by granting private banks specific options to continue operating, merge, or voluntarily exit the market. This step aims to liquidate weak entities and strengthen those capable of adhering to the required technical and regulatory standards.  link

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

Tishwash:  Digital Transformation in Iraq: Confident Steps Towards E-Governance and Combating Corruption

As Iraq began its serious steps toward e-governance, it emerged as a strong competitor in various fields, including tracking dinar movements and combating corruption. These steps reflect a clear government will to bring about a digital transformation that strengthens the economy and serves citizens.

Tasnim International News Agency - As Iraq has taken steps toward e-governance, it has become a strong competitor in several areas, including tracking the movement of the Iraqi dinar and combating corruption.

inancial and economic expert Dr. Safwan Qusay told Tasnim: It is clear that Al-Sudani's government has moved towards investing in technology to track the movement of the Iraqi dinar and transactions. A platform has been launched, the "Our Platform," which works to ensure that all government units provide their services through an integrated system of the internet and intranet.

This allows us to provide these services without any friction between citizens and employees using technology. This contributes to improving performance and, consequently, the possibility of establishing responsibility centers, whether internally or at the level of units in the private sector. This will contribute to accelerating the globalization of the Iraqi economy, especially as we face a set of challenges in transferring the Iraqi economy to the international environment.

Dr. Mohammed Al-Khazai, Director of the Union Center for Media Training, told Tasnim: The Iraqi government has made relative progress in some aspects of e-government, such as digital tax collection, such as the e-passport, and facilitating citizen transactions. However, it remains below the desired level due to the lack of an integrated infrastructure and the multiplicity of implementing agencies. This has hindered the comprehensive transformation of the digital project, not to mention the large amount of red tape and bureaucracy in paper transactions that continue to burden citizens.

Citizens interviewed by Tasnim News Agency in Baghdad expressed their hope that the culture of electronic payment would spread, contributing to the government's efforts to strengthen the Iraqi economy. They also expressed their support for any progress the government makes in serving citizens. Some said that electronic transactions have achieved a qualitative leap forward, contributing to the reduction of bribery.

The government, through the Ministry of Planning, indicated that these steps toward digitization, e-governance, and e-payment, which have become widespread in Iraq, mark the beginning of an era in which Iraq will compete with countries in the region, and even the world.

Abdul Zahra Al-Hindawi, the official spokesperson for the Ministry of Planning, told Tasnim: “The Iraqi government has a comprehensive approach to digital transformation within its development plans. This issue has been a significant component of the targets of the five-year development plan 2024-2028, as well as within Iraq’s Vision for Sustainable Development 2030. This is in addition to the focus of the current government’s program and the important measures taken by the state’s various institutions, sectors, and activities in this area.”

Thus, Iraq is advancing in the global rankings of countries operating in the field of electronic systems and electronic payments, in steps that have strengthened the government's capabilities and benefited citizens.  link

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

Mot: FINALLY!! - The Answer YOu Have Been Looking for ~~~

Mot:  . So Many Are ~~~~ LOL !!! 

Seeds of Wisdom RV and Economic Updates Thursday Morning 8-7-25

Good morning Dinar Recaps,

U.S. Government Announces ChatGPT Integration Across Federal Agencies

White House-backed initiative positions OpenAI’s ChatGPT as a central tool in America’s bid for AI leadership

The U.S. federal government has officially signed a new agreement with OpenAI to bring an enterprise-level version of ChatGPT into use across all government agencies—marking a major milestone in the nation's AI integration strategy.

The move is part of a broader plan by the Trump administration to make the United States the global capital of artificial intelligence, in line with the White House’s newly released AI Action Plan.

ChatGPT Access for Every Agency—at $1 Each

According to a statement from the General Services Administration (GSA) on Wednesday, the agreement provides every federal agency access to the ChatGPT platform at a nominal rate of $1 per agency. This is intended to fast-track the integration of AI into day-to-day operations, workflows, and decision-making processes across the U.S. government.

The GSA, which oversees federal procurement, emphasized that the agreement:

• Directly supports the White House’s AI Action Plan

• Aims to “modernize federal operations” through artificial intelligence

• Is a strategic public-private partnership aligned with U.S. national interests

The White House’s Three-Pillar AI Strategy

The administration’s AI Action Plan revolves around:

• Developing U.S. AI leadership across both civilian and defense sectors

• Scaling access to AI tools through public-private collaborations

• Building trust and safeguards into AI governance and cybersecurity

The OpenAI deal, government officials say, is a step toward ensuring the United States remains competitive against global powers in AI development and application.

Critics Warn of Dangers: Privacy, Censorship, and Surveillance

Despite the enthusiasm, civil liberties advocates, technologists, and cybersecurity experts are raising red flags. Key concerns include:

• Privacy violations stemming from centralized data collection

• Government censorship via AI-nudged narrative shaping

• Cybersecurity risks involving sensitive federal and military data

• Erosion of civil liberties under automated governance systems

Military Already Expressed Caution with Generative AI

In 2023, the U.S. Space Force temporarily halted the use of generative AI platforms—including ChatGPT—due to national security concerns over data sensitivity.

“AI platforms must overhaul data protection standards before they can be adopted for military use,”
— Lisa Costa, Deputy Chief of Space Operations for Technology and Innovation, U.S. Space Force

Public Backlash Is Not Limited to the U.S.

The ethical and legal ramifications of AI-assisted governance are drawing scrutiny abroad as well. In Sweden, Prime Minister Ulf Kristersson admitted to consulting AI for policy advice—sparking controversy over AI influence on democratic decision-making.

A spokesperson clarified that the AI was not used to handle classified or national security-related matters. Still, the public response reflected growing unease over AI encroachment into public governance.

Data Use and Legal Exposure Remain Unclear

AI systems like ChatGPT ingest vast amounts of user data, including content from conversations, to refine their models. These interactions, when stored on centralized servers, create potential liabilities for users.

“ChatGPT conversations could be used as legal evidence against users,”
— Sam Altman, CEO of OpenAI

Altman emphasized that AI chats lack privacy protections, are not privileged, and are subject to lawful search and seizure.

Bottom Line: Innovation Meets Uncertainty

While the OpenAI–GSA deal marks a watershed moment in U.S. AI strategy, it also exposes unresolved issues around:

• User privacy rights

• Data ownership and legal protection

• Government accountability in AI deployment

As the United States pushes forward to establish itself as the AI capital of the world, the race to modernize may collide with longstanding democratic principles—forcing lawmakers, developers, and citizens alike to confront a new era of algorithmic governance.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

ICBA to OCC: Reject Ripple’s Bank Application Over Stablecoin and Compliance Issues

The Independent Community Bankers of America (ICBA) has formally petitioned the Office of the Comptroller of the Currency (OCC) to reject Ripple’s application for a national trust bank charter, citing major concerns around RLUSD, Ripple’s proposed U.S. dollar-backed stablecoin.

The ICBA, which represents thousands of small banks across the U.S., argues that the integration of RLUSD into the banking system could siphon deposits from community banks, disrupt financial stability, and weaken regulatory standards.

Key Objections:

• Ripple’s RLUSD stablecoin mimics traditional bank deposits, enabling transfers, purchases, and dollar redemptions—without adhering to the full regulatory requirements that apply to full-service banks.

• Trust banks were designed to fulfill custodial and fiduciary roles, not operate as quasi-commercial banks using stablecoins.

• Ripple’s regulatory history, including violations of BSA/AML/CFT obligations and ongoing legal conflict with the SEC, makes it a risky candidate for a federal charter.

• The OCC’s recent adjustments to trust bank eligibility requirements lack statutory support and could set a dangerous precedent if crypto firms like Ripple are allowed to bypass traditional compliance standards.

ICBA’s Core Arguments:

“The OCC should not allow stablecoin issuers to use the national trust bank charter to benefit from full-service bank-powers without full-service bank-requirements.”

The ICBA underscores that RLUSD, while functionally similar to traditional deposits, falls outside the regulatory umbrella that typically governs insured depository institutions. The group argues this creates a regulatory arbitrage loophole that could:

• Destabilize smaller banks

• Reduce consumer protections

• Undermine trust in the banking sector

Ripple’s Compliance History Under Fire

The ICBA letter highlights Ripple Labs’ past failures to implement Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Counter-Terrorism Financing (CFT) controls. Specific incidents include:

• Regulatory actions taken against XRP II, Ripple’s subsidiary

• The SEC lawsuit, which alleges deliberate and reckless securities law violations

• A pattern of non-compliance that reflects an unwillingness to operate within established legal boundaries

“Ripple also has difficulty complying with securities laws and regulations,” the letter stated, concluding that such conduct should disqualify Ripple from accessing a national trust bank charter.

Call for Stricter Oversight of Crypto-Financial Entities

The ICBA contends that the OCC’s loosening of national trust bank requirements has eroded a critical layer of regulatory protection. It demands:

• Stronger consumer protections

• Stricter eligibility criteria

• Expanded risk oversight

• Targeted enforcement against crypto-focused applicants

The group warns that failure to apply these safeguards could lead to unchecked financial engineering, jeopardizing deposit security, market stability, and public confidence in the financial system.

“Any company that pushes the boundaries of securities law, like Ripple Labs, should not be permitted to use the national trust bank charter,” the letter emphasized.

Conclusion

The ICBA’s public opposition to Ripple’s banking ambitions brings to light the growing tensions between traditional financial institutions and crypto-native firms. As regulatory agencies like the OCC navigate the future of fintech and digital assets, the decision on Ripple’s charter application will serve as a high-stakes precedent for the banking and crypto sectors alike.

@ 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

Are $600 Tariff Rebate Checks Coming? Here’s What You Need To Know

Are $600 Tariff Rebate Checks Coming? Here’s What You Need To Know

T. Woods  Wed, August 6, 2025  GOBankingRates

In March of 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law by President Donald Trump. CARES was an economic stimulus package that included one-time cash payments of $1,200 to most Americans to help offset the unprecedented financial impact of the COVID-19 virus. Just over five years later, Trump is once again considering issuing a government check to most Americans, this time in the form of a rebate paid with revenue from his trade tariffs.

Per CNBC, President Trump recently told to reporters that there was a good amount of incoming money from tariffs it could potentially result in rebates — here’s what we know.

Is There a Plan in Action?

In response to this, Senator Josh Hawley (R-MO) has introduced a bill that would issue these tariff rebate checks to Americans in a similar cash disbursement to the CARES payments of 2020, according to his official page. The bill, called the “American Worker Rebate Act of 2025,” would see $600 at minimum sent to American adults and dependent children (or $2,400 for a family of four). That “at minimum” is worth noting, as well — there is a provision in the bill for the payments to be higher than $600 per person if tariff revenue is ultimately higher than expected.

Also worth noting is the fact that the Treasury Department did indeed release a report showing an unexpected surplus in June, one that was helped by tariff revenues of approximately $27 billion — a 301% increase in custom duties from June 2024.

What Are the Potential Implications?

TO READ MORE:  https://www.yahoo.com/finance/news/600-tariff-rebate-checks-coming-090107842.html

MilitiaMan and Crew: IQD News Update-Kurdistan's Oil Export Challenges

MilitiaMan and Crew:  IQD News Update-Kurdistan's Oil Export Challenges

8-6-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

In this provocative video, we dive deep into the complexities surrounding the Iraqi Dinar, the Kurdistan Region's ongoing oil export crisis, and the pressing need for strict measures against the ruling authorities in the region.

As Kurdistan grapples with significant economic challenges, we explore the implications of the recent maritime authority law and its impact on investment projects.

We'll discuss the role of the Integrity Commission in promoting transparency and accountability, and how Iraq's accession to the World Trade Organization could reshape the economic landscape.

 With Erbil (Kurds) facing mounting pressure and a one-week deadline to deliver oil, we analyze the potential consequences of these developments on the broader Iraqi financial system.

It is all about the money.. Where did it go? Join us as we unpack the complexities of customs duties in the KRG, the challenges of oil revenue management, and what the future holds for the Iraqi Dinar.

It looks very strong and bright!

https://www.youtube.com/watch?v=PLWqp_pWJ3c

Iraq Economic News and Points To Ponder Wednesday Afternoon 8-6-25

35 Iraqi Banks Are Under US Sanctions, And "Marsad" Reveals How They Are Imposed.
 
Economy   2025-08-06 | Source:  Alsumaria News     2,514 views  Alsumaria News – Economy  The Echo Iraq Observatory, which specializes in economic affairs,  revealed on Wednesday that 35 of the 72 banks operating in Iraq are subject to US sanctions.
 
The observatory stated, in a report received by Sumaria News, that banks operating in Iraq are divided between Iraqi, Arab, and foreign assets, noting thatsanctions imposed by the US Treasury Department on these banks prohibit transactions in dollars. 

He explained that  the latest bank to be sanctioned was the Baghdad International Bank,
 due to a "snitching" by its former managing director. He emphasized that this was done by sending an email to the US Treasury Department, stating the  bank's name,  its illegal dollar transactions, and  its cooperation with banned entities. 

He pointed out that the Central Bank of Iraq responds to these American inquiries, and in the event of a delay or failure to respond, the  US Treasury Department will issue sanctions against the bank in question.      https://www.alsumaria.tv/news/economy/536199/35-مصرفًا-عراقيًا-تحت-العقوبات-الأمريكية-ومرصد-يكشف-عن-طريقة-فرضها    

The Central Bank Of Iraq Confirms The Smooth Operation Of The Bank Of Baghdad.
 
August 06, 2025  The Central Bank of Iraq confirms that the circulating news about the  suspension of dollar transactions at the Bank of Baghdad or the  suspension of its foreign exchange reserves for external remittances is false, as the bank operates normally and smoothly  in accordance with the instructions and regulations followed by the  Central Bank of Iraq.
 
The Bank of Baghdad is considered one of the solid banks with  solvency and  soundness, which has made it an important part of the banking sector.    https://cbi.iq/news/view/2948  

SEE POST    "The Central Bank Denies Suspending Dollar Transactions At The Bank Of Baghdad"

https://www.bondladyscorner.com/t227079-the-central-bank-denies-suspending-dollar-transactions-at-the-bank-of-baghdad

The Central Bank Denies Suspending Dollar Transactions At The Bank Of Baghdad

Wednesday, August 6, 2025, 18:18 | Economic Number of readings: 59  Baghdad / NINA / The Central Bank denied, on Wednesday, the suspension of dealing in dollars in the Bank of Baghdad, or the suspension of its foreign reinforcements for external transfers.

The Central Bank confirmed in a statement: "The news circulating about stopping dealing in dollars in the Bank of Baghdad, or the suspension of its foreign reinforcements for external transfers, is false. The bank is operating normally and smoothly in accordance with the instructions and controls followed by the Central Bank of Iraq."

He explained: "The Bank of Baghdad is one of the solid banks, which made it an important part of the banking sector." / End   https://ninanews.com/Website/News/Details?key=1245025

Oil Minister: Tomorrow We Will Resume Oil Exports Via Ceyhan, Turkey.

Buratha News Agency1702025-08-06   Oil Minister Hayan Abdul Ghani inaugurated a number of oil station development and rehabilitation projects in Kirkuk province on Wednesday, while confirming that today or tomorrow we will resume oil exports via Ceyhan, Turkey. The minister told the official agency, "A number of oil station development and rehabilitation projects have been inaugurated in Kirkuk province," noting that "today or tomorrow we will resume oil exports via Ceyhan, Turkey, as we will export 80,000 barrels per day as a first phase after the agreement with the region."

He added, "We were able to increase production at the wet oil station by 25,600 barrels per day," stressing that "the total capacity of the wet oil station north of Kirkuk has reached 90,000 barrels per day."  https://burathanews.com/arabic/economic/463719

Basra Heavy And Medium Crude Oil Prices Decline

Wednesday, August 6, 2025, 12:39 PM | Economic Number of reads: 171  Baghdad / NINA / Basra crude oil prices fell on Wednesday.  Basra Medium crude oil recorded $69.34 per barrel, while Basra Heavy crude oil recorded $66.29 per barrel, with a change of -1.08 for both.

This decline comes despite the rise in global oil prices, as Brent crude rose by 43 cents, or 0.6%, to reach $68.07 per barrel, and US West Texas Intermediate crude rose by 40 cents, or 0.6%, to reach $65.56 per barrel. / End      https://ninanews.com/Website/News/Details?key=1244957

The Ministry Of Planning Discusses With A UN Team The Draft Framework For Cooperation On Sustainable Development (2025-2029)

Wednesday, August 6, 2025, | Economic Number of readings: 124   Baghdad / NINA / The International Cooperation Department at the Ministry of Planning held a joint meeting on Wednesday, which included representatives of the Ministry of Foreign Affairs and the United Nations team in Iraq, during which the discussion of the draft "Cooperation Framework" document for sustainable development between Iraq and the United Nations for the years (2025-2029) was completed.

Saher Abdul-Kadhim, Director General of the International Cooperation Department, said that "the meeting is part of a series of previous meetings that discussed the observations raised by both sides, with the aim of reaching a unified vision that reflects the national priorities of the Iraqi government and enhances areas of future cooperation with United Nations agencies."

He explained that "the current efforts aim to complete the final version of the document, in preparation for its official ratification and presentation for signature by both sides."

Abdul-Kadhim indicated that "the signing of the document will be based on the decision of the Council of Ministers, which authorized Deputy Prime Minister and Minister of Planning, Mohammed Ali Tamim, to sign on behalf of the Iraqi government."

He stressed that the "Cooperation Framework" document represents a strategic tool for organizing technical and development cooperation between Iraq and the United Nations, within the country's sustainable development priorities, and in accordance with a development vision consistent with the National Development Plan 2024-2028 and the 2030 Sustainable Development Agenda./End https://ninanews.com/Website/News/Details?key=1245008

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 8-6-25

Good Afternoon Dinar Recaps,

“The Time Is Now”: U.S. Reclaims Leadership Role in Global Crypto Race

White House crypto report, SEC’s Project Crypto, and the GENIUS/CLARITY Acts set stage for regulatory realignment

A new era may be unfolding for U.S. crypto policy as top federal regulators and lawmakers move in concert to reposition the United States as the global leader in digital asset innovation and governance.

The shift was catalyzed by a sweeping White House digital asset strategy report, released last week, calling for interagency alignment and regulatory modernization. Now, with both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) advancing targeted crypto initiatives, and with bipartisan legislation gaining momentum, the U.S. crypto sector appears headed for a long-awaited regulatory breakthrough.

CCI: U.S. Reclaiming the Lead

Ji Hun Kim, newly appointed CEO of the Crypto Council for Innovation (CCI), hailed the White House’s report as a “pivotal” moment in restoring America’s strategic position in the global digital economy.

“The time is now for the U.S. to lead,” Kim told Cointelegraph. “We’ve had legal precedent — Bitcoin, Ether and many other digital assets are much more akin to commodities. The CFTC will have an important role to play in their oversight.”

The report appears to mark the end of a long-running jurisdictional battle between the SEC and CFTC, affirming that digital commodities (like Bitcoin and Ether) fall under CFTC oversight, while the SEC will focus on tokenized securities.

This new division of labor is precisely what the CLARITY Act codifies — a bill that passed the House and awaits Senate deliberation.

From Turf War to Regulatory Unity

The SEC responded with the launch of Project Crypto, a reform initiative to provide streamlined, unified licensing for brokerages operating across asset classes. It aims to establish clear guardrails for token issuance, custody, and investor protection — without reflexively labeling crypto assets as securities to stifle innovation.

“It should not be a scarlet letter to be deemed a security,” said SEC Commissioner Paul Atkins. “Investors will benefit from access to features like distributions and voting rights.”

Simultaneously, CFTC Acting Chair Caroline Pham announced a “crypto sprint” to rapidly implement the White House’s recommendations for digital commodity oversight — from spot market regulation to tokenized commodity frameworks.

“You’ll see increased collaboration between the two agencies,” said Kim. “That’s a theme many people overlook. It was included in the President’s executive order from January.”

GENIUS Act: Stablecoin Strategy as Dollar Diplomacy

The U.S. isn’t just aiming for regulatory clarity — it’s responding to global stablecoin competition. As China deploys its digital yuan through satellite jurisdictions like Hong Kong, and the EU implements MiCA rules, the U.S. is pushing forward with the GENIUS Act, designed to tokenize the U.S. dollar through private stablecoins.

“GENIUS provides a market-driven path forward,” Kim explained. “It allows for privacy, innovation, and growth without relying on a government-issued CBDC.”

This is a clear rejection of central bank digital currencies (CBDCs), which former President Trump formally banned in a January executive order, citing surveillance risks. Instead, the U.S. approach emphasizes competitive, dollar-backed stablecoins — an area where firms like Circle, Ripple, and Paxos are already heavily active.

Other Jurisdictions Losing Ground

As global crypto hubs tighten regulations, the U.S. may reclaim its appeal:

• Dubai’s regulator issued compliance ultimatums.

• Singapore ejected firms exploiting gray areas.

• Hong Kong imposed strict new licensing for stablecoin issuers — which analysts believe is part of China’s digital yuan export strategy.

While these regimes offer clarity, they’re proving less crypto-friendly in practice — creating an opening for U.S. capital markets to become the preferred destination for compliant digital asset firms.

Regulatory Clarity ≠ Deregulation

Critics, including Senator Elizabeth Warren and over 80 civil rights groups, claim the CLARITY Act amounts to crypto deregulation. But Kim pushed back:

“This is not deregulation. It’s structured engagement. It’s about creating rules tailored to digital assets, fighting illicit finance, and giving the industry a framework to operate within — not outside — the law.”

Outlook: From Crypto Backwater to Global Standard-Setter

After years of regulatory paralysis, the U.S. crypto regulatory ecosystem is now showing signs of strategic coherence:

• The White House report sets the policy tone.

• The SEC’s Project Crypto establishes enforcement boundaries and licensing paths.

• The CFTC sprint reclaims digital commodity jurisdiction.

• The GENIUS and CLARITY Acts provide the legislative backbone for stablecoin and asset classification frameworks.

Taken together, these developments represent a wholesale realignment — and potentially a new Bretton Woods moment in the making, with tokenized dollars, clear governance models, and global financial influence flowing through U.S.-regulated rails.

📌 Key Acts to Watch:

• GENIUS Act: Private stablecoin standard to reinforce dollar dominance

• CLARITY Act: Defines SEC vs. CFTC jurisdiction over digital assets

🧭 What’s Next:

• Senate vote on CLARITY Act

• SEC/CFTC rulemaking under new crypto directives

• Implementation of Project Crypto & CFTC sprint

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

UK Greenlights Crypto ETNs for Retail Investors, Reigniting Push Toward Digital Asset Hub Status

Reversal of FCA ban signals strategic regulatory shift, but derivatives remain off-limits

In a move that signals a major policy pivot, the United Kingdom’s Financial Conduct Authority (FCA) has lifted its ban on crypto exchange-traded notes (cETNs) for retail investors — a decision widely seen as a bid to restore the UK’s ambitions of becoming a global digital asset hub.

The change, announced on August 2, will go into effect October 8, 2025, reversing a ban originally implemented in January 2021 over concerns around volatility and investor protection.

Industry leaders say the updated stance reflects maturing markets, better product understanding, and a regulatory recalibration in favor of proportional consumer access.

FCA's Ban Reversal: A Turning Point for UK Crypto Policy

In a statement accompanying the decision, the FCA acknowledged that the crypto market has evolved considerably in recent years and noted increased sophistication among both investors and product structures. The agency emphasized that the regulatory framework remains focused on protecting consumers while supporting innovation.

Ian Taylor, board adviser at CryptoUK and COO of HT Digital, called the decision “long overdue”:

“Until now, the UK has been an outlier on ETNs. This change reflects the progress we’ve made toward introducing a more proportionate approach to consumer risk.”

CryptoUK, a key trade association, has long advocated for inclusive access to regulated crypto products, including ETNs — which allow investors to track crypto asset performance without directly holding the underlying tokens.

Industry Praises Return of Retail Autonomy

Riccardo Tordera, director of policy and government relations at The Payments Association, welcomed the FCA’s move as an essential correction to an overprotective stance that hindered the UK’s crypto ambitions.

“The intrinsic nature of crypto means it can be accessed by everyone, from everywhere,” said Tordera.
“The FCA ban on retail access to certain crypto products was hindering the UK’s chances of becoming a global crypto hub.”

According to Tordera, the updated rules empower individual investors to make decisions “at their own risk,” while also improving the UK’s global competitiveness in the race to attract crypto firms, capital, and innovation.

Skeptics Push Back With Satire

Not all reactions were celebratory. In typical fashion, WallStreetBets founder Jaime Rogozinski responded to the announcement with a jab at British priorities:

“Britain loves financial risk — just not the kind that involves, say, vegetables or an industrial policy.”

His comment — part sarcasm, part policy critique — reflects lingering skepticism about the UK’s broader economic posture, particularly in the post-Brexit era.

Crypto Derivatives Still Prohibited

Despite this breakthrough, the FCA reaffirmed that crypto derivatives remain banned for retail traders. These products — including futures, options, and perpetual contracts — are still considered too complex and high-risk for the average investor.

“The FCA’s ban on retail access to crypto asset derivatives will remain in place,” the agency confirmed.

However, it also stated that it would continue to monitor market developments and reassess its approach based on evolving risk metrics and industry feedback.

Outlook: Competitive Crypto Landscape Forces UK’s Hand

The FCA’s reversal appears to reflect not just evolving markets, but also growing international pressure. Jurisdictions such as Hong Kong, Singapore, the UAE, and parts of the EU have aggressively moved toward regulated retail access to crypto instruments, placing the UK at a strategic disadvantage.

With global finance and digital assets increasingly interlinked, this policy shift could mark the start of a broader regulatory transformation — one that attempts to strike a balance between investor protection and market dynamism.

📌 Effective Date:
Retail access to crypto ETNs resumes October 8, 2025

Still Banned:
Crypto derivatives (futures, options, perpetuals)

@ Newshounds News™
Sources:  Cointelegraph

~~~~~~~~~

Ripple’s RLUSD Surpasses Zcash in Market Cap as Stablecoin Adoption Surges

GENIUS Act fuels institutional momentum behind Ripple USD, signaling a new phase in the dollar tokenization race

Ripple’s dollar-pegged stablecoin RLUSD has officially overtaken Zcash (ZEC) in market capitalization, marking a significant shift in crypto capital flows. With $602.6 million in market value and $35.8 million in daily trending volume, RLUSD now ranks 8th among stablecoins and 104th overall, just shy of the global top 100 digital assets.

More than just a market reshuffle, RLUSD’s rise reflects a wider transformation in crypto adoption as institutional capital pivots toward compliant, U.S.-backed digital dollar alternatives — particularly those aligned with the newly enacted GENIUS Act.

Zcash Slips to 106th Amid Privacy Token Pressure

Zcash, once a prominent privacy-focused cryptocurrency, has seen its market presence eroded over time, now trading at $35.20 — down over 11% in the past week and 99% below its all-time high of $5,941. The coin has failed to recover amid increasing regulatory scrutiny of anonymous transactions and dwindling investor interest.

ZEC Technical Overview:

• Trading below 200-day SMA — long-term bearish signal

• MACD histogram at –0.615 — sustained negative momentum

• Underperforming 52% of top 100 assets over the past year

• Currently capped by 30-day SMA resistance at $41.23

This downturn comes as regulators worldwide move against privacy coins, raising concerns about their role in facilitating illicit finance — and opening the door for compliant alternatives like RLUSD.

RLUSD Emerges as Strategic Stablecoin Contender

RLUSD’s rise isn’t simply opportunistic — it’s structural.

As a dollar-pegged stablecoin built within the Ripple liquidity ecosystem, RLUSD benefits from RippleNet’s global banking partnerships and the growing enterprise use of tokenized U.S. dollars. The recent passage of the GENIUS Act, which formalizes stablecoin standards and reinforces dollar-denominated reserve backing, has further boosted institutional confidence.

“RLUSD is quietly capturing market share as investors rotate into regulated, high-trust digital assets,” one analyst noted. “The GENIUS Act gives issuers like Ripple the legal clarity needed to scale.”

Current Stats:

• Market Cap: $602.6 million

• Stablecoin Rank: #8 (trailing only PayPal USD at #7)

• 24h Trending Volume: $35.8 million

• Price: Stable at $1.00

GENIUS Act: From Tokenization to Dominance

The GENIUS Act, signed into law earlier this year, is a landmark stablecoin framework designed to ensure that U.S. dollar-backed stablecoins remain the global reserve standard in a tokenized financial system.

Rather than rely on a government-issued CBDC — which former President Trump banned via executive order — the GENIUS Act empowers private-sector innovation in stablecoin issuance, provided firms meet rigorous reserve, reporting, and AML compliance requirements.

RLUSD’s institutional ascent reflects this pivot: capital is no longer fleeing the U.S. regulatory system — it’s aligning with it.

Legacy Coins Under Pressure as RLUSD Rises

With RLUSD climbing the ranks and poised to enter the top 100 global cryptocurrencies, pressure is mounting on legacy and mid-tier altcoins. Analysts suggest that Zcash’s continued decline could be the first in a wave of devaluations for tokens that lack regulatory viability or real-world integration.

Meanwhile, RLUSD is beginning to mirror XRP’s path toward deeper banking sector disruption — offering a dollar-denominated gateway into Ripple’s expanding institutional network.

“If XRP is the bridge, RLUSD is the base currency,” one market commentator observed. “Both are now part of the same liquidity engine.”

 Key Takeaways:

• RLUSD surpasses Zcash with $602.6M market cap

• GENIUS Act credited with accelerating stablecoin adoption

• Institutional capital shifting from privacy coins to regulated assets

• Ripple USD ranks #8 among stablecoins, eyeing top 100 entry

• XRP ecosystem deepens as RLUSD gains traction

@ Newshounds News™
Source:  Cointribune

~~~~~~~~~

Crypto Paychecks? Gen Z Leads Surge in Stablecoin Demand

New study shows 75% of Gen Z open to stablecoin salaries, highlighting a generational shift in finance adoption amid GENIUS Act momentum

A recent survey by Cryptoninjas reveals that Generation Z is leading the charge in stablecoin adoption, with nearly half transacting monthly and 75% expressing willingness to receive their salaries in stablecoins. As Washington advances legislation to formalize stablecoin infrastructure through the GENIUS Act, this generational pivot is becoming harder to ignore.

Gen Z Embraces Stablecoins as the New Financial Rails

According to the study:

• 46% of Gen Z participants use stablecoins monthly

• Only 30% of Millennials and 29% of Gen X transact monthly

• 53% of all participants have used stablecoins at least once

Younger users are gravitating toward crypto-native financial services, such as yield farming and inflation-resistant savings. Among Gen Z, yield opportunities are the top motivation, with speed, inflation hedging, and on-ramps to crypto rounding out the list.

“For 46% of Generation Z, the big draw is yield farming,” the report noted. “Speed, inflation protection, and easy access to crypto round out their list.”

Stablecoin Salaries? Gen Z Says Yes

Perhaps most revealing: 57% of all stablecoin users said they’d be open to getting paid in stablecoins. That number jumps to 75% among Gen Z, compared to:

• 53.2% of Millennials

• Only 33.3% of Gen X

This aligns with broader demographic data showing Gen Z’s high comfort with digital wallets, crypto apps, and tokenized financial instruments, including those introduced via legislation like the GENIUS Act, which creates a regulatory framework for dollar-backed stablecoins.

Adoption Barriers: Real-World Use Still Lags

Despite the enthusiasm, the top concern remains limited utility:

• 42.4% of users cite lack of real-world acceptance

• Other concerns include price volatility (12.9%), unclear regulation (11.5%), fees (9.4%), and security (6.5%)

The report concludes that usability and user experience are crucial to mass adoption — especially for older users. Most people won’t use stablecoins regularly until apps evolve beyond their “crypto-native” design and offer everyday functions like bill pay, shopping, and savings tools in a clear, accessible format.

Strategic Implications: The GENIUS Act and a Dollar-Backed Future

As stablecoin usage accelerates among digital natives, Washington’s response is taking shape. The GENIUS Act, which enshrines standards for reserve-backed, transparent, and regulated stablecoin issuance, aims to ensure that U.S.-denominated digital assets become the global standard — not an afterthought.

With younger generations driving demand, and institutional players like Ripple and PayPal rolling out compliant stablecoins, the U.S. financial system is at a tipping point — one where tokenized dollars could become the default payment medium for the next generation of workers.

Key Findings:

• Gen Z leads in stablecoin usage and salary acceptance

• 75% of Gen Z would take their paycheck in stablecoins

• Main barriers: lack of real-world utility and user-friendly apps

• Demand for yield, inflation protection, and fast payments driving usage

• Stablecoins are shifting from speculation to salary and savings

@ 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

Iraq Economic News and Points To Ponder Wednesday Morning 8-6-25

Ministry Of Planning: The Five-Year Development Plan Will Reduce Unemployment Rates To Below 10 Percent

Buratha News Agency1762025-08-05   The Ministry of Planning revealed, on Tuesday, the most prominent quantitative, economic and social targets included in the five-year development plan for the years (2024-2028), indicating that the five-year development plan will reduce unemployment rates to less than 10 percent.

The official spokesperson for the ministry, Abdul Zahra Al-Hindawi, said: “The plan aims to achieve an annual economic growth rate of 4.24 percent,” explaining that “this rate depends on several factors, most notably oil prices, the size and composition of investments, industrial production, and international trade.”

He added that "among the plan's primary objectives is to maintain the population growth rate at its current level of 2.5%, based on the results of the population census, in line with the requirements of developing human capital."

He pointed out that "the plan seeks to reduce unemployment rates by no less than 10% from the current level of 13%, while maintaining stable inflation rates that do not affect the poor segments and support job creation."

Regarding investments, he explained that "the plan aims for government investments to constitute approximately 65% of total investments during the implementation period, compared to 35% for the private sector."

He also indicated that "poverty rates will witness a decline to less than 15% at the national level," adding that "the plan places special attention on developing the manufacturing industries and increasing their contribution to the GDP to more than 2%, in addition to raising the contribution of the agricultural sector to 3%.

The plan also aims to reduce dependence on oil, by diversifying sources of income and achieving growth in non-oil sectors, with expectations that the contribution of the oil sector to the GDP will decline by up to 25% from its current level during the five-year plan."  https://burathanews.com/arabic/news/463705

The Bank Of Baghdad Denies Suspending Dollar Transfers

Banks  Economy News – Baghdad  The Bank of Baghdad denied on Monday reports circulating about a suspension of dollar transfers, stressing that the bank continues to provide its banking services as usual and regularly.

The bank clarified in a statement received by Al-Eqtisad News that all banking operations, including foreign transfers in dollars, are conducted in accordance with the controls and instructions issued by the Central Bank of Iraq and in line with standards of financial compliance, governance, and transparency.

The statement added that the Bank of Baghdad is fully committed to implementing the instructions of the Central Bank of Iraq, calling on the media and the public to exercise accuracy and refrain from circulating rumors or unreliable information.   https://economy-news.net/content.php?id=58343

Kurdish Sources: Erbil Refuses To Hand Over Non-Oil Revenues And Prevents Baghdad Committees From Auditing.
 
5 Aug Information/Baghdad.. Informed Kurdish sources revealed on Tuesday that the implementation of the financial agreement between the  federal government and the  Kurdistan Regional Government (KRG)   continues to stall   due to the latter's refusal to hand over non-oil revenues to Baghdad.
 
Sources told Al-Maalouma News Agency that "the regional government is not prepared to hand over
 oil and     non-oil revenues to the federal government,   contrary to the agreement signed between the two parties," noting that  "the Kurdistan Regional Government has refused to allow the relevant federal government committees to review local non-oil revenues." 

She added,   "The region expressed its willingness to hand over 120 billion dinars of local revenues for this month alone,     but refused to commit to transferring the amount for future months,  claiming the sum was too large."  The sources confirmed that
 
"the regional government delegation that recently visited Baghdadofficially informed the federal government delegation that  it was not allowed to audit non-oil revenues," explaining that
 
"the government delegation submitted a detailed report to Prime Minister Mohammed Shia al-Sudani,
     which included the obstacles hindering the implementation of the agreement with the region."
  
https://almaalomah.me/news/106549/economy/مصادر-كردية:-أربيل-ترفض-تسليم-الإيرادات-غير-النفطية-وتمنع-لج    

Al-Marsoumi Reveals The Secret: Why Is Iraq Sending Its Gas To Iran? "100 Million Cubic Feet Per Day"
 
Economy    2025-08-05 |  Source:   Alsumaria News   4,633 views   Alsumaria News -  Economic expert Nabil Al-Marsoumi revealed details of a new agreement between Iraq and Iran, which stipulates the transfer of associated gas from oil wells in Maysan to Iranian territory for   processing and   re-use as fuel for power plants.  Al-Marsoumi explained that
 
100 million cubic feet per day from Maysan to Iran
 
the agreement stipulates the transfer of 100 million cubic feet of associated gas per day from wells oil in Maysan province to Iran.
 
Tehran will  process this gas and return it to Iraq to be used to operate power plants.  Al-Marsoumi pointed out that
 
Challenges of associated gas flaring in both countries
 
this agreement comes amid significant challenges facing both countries in dealing with associated gas.
 
Despite possessing vast reserves of free natural gas,  Iran ranks second globally after Russia in flaring associated natural gas,  flaring 20.4 billion cubic meters in 2023.  

Al-Marsoumi attributed  this problem to a lack of investment in natural gas infrastructure and
 Iran's failure to develop and install essential equipment to collect associated gas from oil fields over the past two decades.   https://www.alsumaria.tv/news/economy/536019/المرسومي-يكشف-السر-لماذا-يرسل-العراق-غازه-لإيران؟-100-مليون-قدم-مكعب-ي    

Iraqi Oil In The Grip Of The "Dragon"... An Expert Explains The Motives For Baghdad's Openness To China
 
Time: 2025/08/05 Reads: 870 Times  {Economic: Al-Furat News} Oil expert Hamza al-Jawahiri revealed that  Iraq's preference for Chinese companies to invest in its oil sector is due to"their conditions being less stringent than those of other international companiesand offering better conditions." 

Al-Jawahiri said in a statement to {Al-Furat News}:  "This preference is not limited to one company,   but extends to dozens of companies,  all working to invest in the country." 

He explained that  "the technology used in the extractive industry is no longer the monopoly of former international companies," emphasizing that’  "most countries are now capable of developing their oil and extractive industries,including national ones."  Al-Jawahiri considered that
 
"these factors are what pushed China to invest in Iraq," noting that "there are other companies working to invest outside of Iraq and can achieve greater profits with the same effort expended in Iraq."
 
Attention has recently turned to the increasing activity of independent Chinese oil companies in Iraq,
where their investments have doubled to billions of dollars in a country that is
the second-largest producer in the Organization of the Petroleum Exporting Countries (OPEC).
 
This is despite the reduction of major international companies' presence in
the Iraqi market, which is now dominated by major state-owned Chinese companies.
 
In contrast, executives of smaller Chinese companies believe that the investment climate in Iraq has witnessed a significant improvement,due to relative political stability and the Iraqi government's keenness to attract both Chinese and Western investment. https://alforatnews.iq/news/النفط-العراقي-في-قبضة-التنين-خبير-يوضح-دوافع-انفتاح-بغداد-على-الصين    

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

Seeds of Wisdom RV and Economic Updates Wednesday Morning 8-6-25

Good morning Dinar Recaps,

BRICS Turns Crisis Into Opportunity: India Reconsiders U.S. Alliance as China Opens Trade Lifelines

With Washington escalating tariffs and pressure, India and Brazil deepen BRICS economic cooperation amid U.S. hostility

As tensions between India and the United States escalate, BRICS is quietly reshaping global trade dynamics, offering member nations economic alternatives that blunt the impact of Western tariffs. In the wake of President Donald Trump’s 25% to 50% tariff threats on Indian and Brazilian exports, member states are rapidly reassessing their foreign policy orientations — and China is stepping in to fill the void.

This realignment has become particularly visible as India faces one of the sharpest diplomatic downturns with Washington in decades, while Brazil gains new Chinese market access to counteract U.S. economic penalties.

Trump’s Tariff Ultimatum Triggers Diplomatic Rethink in India

Trump’s trade offensive against India, launched via Truth Social on August 1st, directly tied high tariffs to India's continued imports of Russian oil and its perceived unwillingness to align with Western sanctions. The President's rhetoric was scathing:

“India, Russia can take their dead economies down together, for all I care.”

In a particularly antagonistic swipe, Trump even floated an oil collaboration with Pakistan, hinting that Islamabad might one day supply India — a move many analysts read as calculated provocation.

Beyond rhetoric, Trump's criticism laid bare longstanding U.S. frustrations:

• India’s trade surplus with the U.S. now exceeds $45.7 billion

• High non-monetary trade barriers persist

• India remains the largest buyer of Russian energy and defense equipment

U.S. Secretary of State Marco Rubio reinforced this stance in a Fox Radio interview, criticizing India’s energy partnerships:

“Unfortunately, [India buying Russian oil] is helping to sustain the Russian war effort.”

India’s Ministry of Commerce & Industry responded tersely:

“The Government will take all steps necessary to secure our national interest.”

China Offers India a Strategic Alternative Through BRICS

As U.S.-India ties fracture, China has emerged as an unexpected diplomatic backchannel for India. At the 2025 BRICS Summit in Rio de Janeiro, China publicly backed India’s long-standing bid for UN Security Council reform — a gesture widely interpreted as an olive branch amid historic Sino-Indian rivalry.

Even more significant are the financial and policy shifts underway:

• India has received $12 billion in financing from the AIIB and $7.5 billion from the BRICS-led New Development Bank

• Reports indicate that India’s NITI Aayog may ease Chinese investment restrictions, allowing up to 24% foreign ownership without prior security clearance — a reversal from post-Galwan policy trends

These economic incentives, coupled with China’s diplomatic tone, suggest a reshaping of India’s calculus inside the BRICS alliance.

Brazil Finds a Lifeline in Chinese Trade Corridors

Simultaneously, Brazil has emerged as a primary test case for BRICS trade cooperation, leveraging the bloc’s cohesion to circumvent Trump’s 50% tariff on Brazilian goods, particularly coffee exports.

In a direct countermeasure:

• China has approved 183 Brazilian coffee companies for duty-free exports to its domestic market

• The deal ensures Brazilian exporters can offset U.S. tariff losses by gaining unrestricted access to Chinese consumers through 2030

• Additionally, 30 sesame-exporting firms in Brazil have also secured tariff-free export licenses to China under a four-year agreement

This shift not only mitigates U.S. penalties, but strategically strengthens intra-BRICS trade routes and dependence — a quiet but profound blow to Western leverage over emerging economies.

India’s Crossroads: Transactional U.S. Ties vs. Strategic BRICS Realignment

The deepening rift with Washington has led some analysts to speculate on extreme scenarios, including whether India could be pressured out of BRICS, or conversely, whether it will double down on its role in the multipolar alliance.

According to Derek J. Grossman, national security expert:

“This is the worst phase of India-U.S. relations in 25 years. We’re watching 25 years of progress rapidly unravel.”

With BRICS now accounting for 56% of global population and 44% of world GDP, the implications are massive. India is no longer merely navigating a bilateral trade dispute — it is at a geopolitical crossroads.

Conclusion: BRICS Evolves as a Shield Against U.S. Economic Coercion

Whether through China’s open market initiatives or BRICS’ development financing model, a clear pattern is emerging: the bloc is evolving into a strategic alternative to the U.S.-led order — one that prioritizes sovereignty, infrastructure development, and tariff resilience.

For India and Brazil, BRICS is no longer a symbolic coalition — it’s becoming a lifeline in the face of global economic weaponization.

@ Newshounds News™
Sources:
Watcher Guru – India BRICS Relations Wake-Up Call
Watcher Guru – BRICS Allows 183 Companies Direct Market Access to Bypass Tariffs

~~~~~~~~~

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” Wednesday Morning 8-6-2025

TNT:

Tishwash:  Oil Minister from Kirkuk: Today or tomorrow we will resume oil exports via Ceyhan, Turkey.

Oil Minister Hayan Abdul Ghani inaugurated on Wednesday a number of development and rehabilitation projects for oil stations in Kirkuk Governorate, while stressing that today or tomorrow we will resume oil exports via Ceyhan, Turkey.

The minister told the Iraqi News Agency (INA): "A number of development and rehabilitation projects for oil stations in Kirkuk Governorate have been inaugurated," noting that "today or tomorrow we will resume oil exports via Ceyhan, Turkey, as we will export 80,000 barrels per day as a first phase after the agreement with the region."

He continued: "We were able to increase production at the wet oil station by 25,600 barrels per day," stressing that "90,000 barrels per day is the total capacity of the wet oil station north of Kirkuk."link

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

Tishwash:  A Kurdistan Regional Government (KRG) financial delegation has arrived in Baghdad to discuss the salary issue

 A technical delegation from the Kurdistan Regional Government (KRG) has arrived in Baghdad to resume talks on the salaries of employees and the work of joint committees.

"A technical delegation from the Kurdistan Regional Government (KRG) has arrived in Baghdad today to discuss the salaries of the employees and the work of the joint committees," a source in the Ministry of Finance and Economy told PUKMEDIA.

The Iraqi Council of Ministers held a regular meeting on Tuesday to discuss the issue of oil and salaries in the Kurdistan Region.

Meanwhile, Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani said in Kirkuk: "We are in talks with the Kurdistan Region to receive and export oil through SOMO and currently produces about 130,000 barrels of oil per day "We are ready to receive the oil from the Kurdistan Region," he said.  link

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

Tishwash:  Oil: Major global energy companies confirm participation in the Baghdad International Energy Forum.

The Ministry of Oil confirmed on Tuesday that major international energy companies have confirmed their participation in the Baghdad International Energy Forum.

The ministry said in a statement received by the Iraqi News Agency (INA): "The Ministry of Oil confirms the participation of major international energy companies, including BP, TotalEnergies, Chevron, Eni, and Shell, in the Baghdad International Energy Forum, scheduled to be held in the capital, Baghdad, on September 6 and 7."

She added, "This broad participation reflects international companies' interest in the Iraqi oil sector, the investment opportunities and strategic partnerships it offers, and Iraq's pivotal position in global oil markets."

She continued, "These companies will be represented by senior delegations and executives who will participate in the forum's specialized dialogue sessions, which will focus on issues related to oil markets, energy security, sustainability, and the transition to renewable energy."

According to the ministry, the forum is being held under the auspices of the State Oil Marketing Organization (SOMO) and attended by energy ministers and international experts, making it an important international platform for enhancing cooperation and exploring the future of energy in Iraq and the region.  link

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

Tishwash:  Ports: Any ship that does not carry official documents will not enter Iraq.

The Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, confirmed today, Tuesday, that the security forces protecting the Khor Abdullah Canal are working continuously to secure goods.

Al-Fartousi said in a press statement, "There is continuous monitoring of all ships entering the Khor Abdullah Canal, and the Iraqi authorities are working to verify the official documents of all ships entering the canal," adding that "territorial waters are subject to the law and authority of the state."

He added, "The military and security forces are conducting a survey of Iraqi territorial waters to investigate all commercial and oil vessels present in the waiting areas."  link

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

Mot:  It is Sooo Great That Folks Help out the Seasoned Peoples!!!

Mot: . All Sources Seem to Agree --That it will Happen ~~tomorrow

https://www.youtube.com/watch?v=3IBdFVOkxR4&list=RD3IBdFVOkxR4&start_radio=1