Seeds of Wisdom RV and Economic Updates Saturday Afternoon 8-2-25
Good Afternoon Dinar Recaps
$24,000 Guaranteed Income Coming to Young Adults in Georgia Under New Pilot Program
A new guaranteed income initiative in Georgia will provide selected participants with up to $24,000 in no-strings-attached cash over four years, as part of a pilot program aimed at economic resilience and wealth-building for young adults.
The program is spearheaded by the Georgia Resilience & Opportunity (GRO) Fund, a nonprofit focused on equitable economic development.
Program Overview
The Freedom Futures guaranteed income pilot will provide:
$500 per month for 48 months
Totaling $24,000 per participant
Funds can be used freely, with no restrictions on spending.
Eligibility Criteria
To qualify, applicants must:
Be 18 to 25 years old
Be enrolled in high school or a partner college/university
Live in a household with income at or below 200% of the federal poverty level
Additional Wealth-Building Capital Offered
In addition to monthly income, participants may qualify for an investment sum of over $20,000, designated for:
Homeownership
Entrepreneurship
Higher education
Retirement savings
This capital will be distributed beginning in year three of the program. To access these funds, recipients must complete a financial education curriculum provided by the program.
Key Dates and Application Process
Application deadline: August 27, 2025
Required documents include: proof of identity, enrollment, and household income
Notification: Applicants will be informed of selection within weeks after the deadline
First payments: Begin in September 2025
For more information and to apply, visit the Freedom Futures application portal.
@ Newshounds News™
Source: Daily Hodl
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India Leaving BRICS? U.S.-India Tensions Escalate Amid Tariffs, Oil Deals, and De-Dollarization Dispute
Speculation is mounting over whether India may exit the BRICS economic bloc amid its growing tensions with the United States. The diplomatic fallout has intensified following President Donald Trump’s imposition of sweeping tariffs on Indian goods and critical remarks from Secretary of State Marco Rubio regarding India’s continued energy partnership with Russia.
With relations between New Delhi and Washington reportedly at their lowest point since 1998, the geopolitical and economic stakes are rising fast. Key flashpoints include U.S. opposition to India’s Russian oil purchases, India’s refusal to support BRICS de-dollarization efforts, and growing speculation that India may reorient toward the West.
Trump’s Tariff Ultimatum Raises Stakes
On August 1, President Trump announced a 25% tariff on all Indian imports, citing persistent trade imbalances and India’s continued military and energy deals with Russia.
In a Truth Social post, Trump stated:
“India, Russia can take their dead economies down together.”
He went on to criticize India’s high tariffs, non-monetary trade barriers, and reliance on Russian military equipment and energy:
“India… has the most strenuous and obnoxious non-monetary Trade Barriers of any Country… they are Russia’s largest buyer of ENERGY… at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE.”
The move is widely interpreted as an economic ultimatum meant to pressure India to sever deeper ties with Moscow—and potentially push it out of BRICS.
Rubio Condemns India’s Russia Oil Purchases
U.S. Secretary of State Marco Rubio added fuel to the controversy during an interview with Fox Radio, targeting India’s continued energy imports from Russia.
Rubio stated:
“India… buys [energy] from Russia… because Russian oil is sanctioned and cheap… That, unfortunately, is helping to sustain the Russian war effort.”
He noted that India’s purchases undermine Western sanctions and prolong the Ukraine conflict, making energy policy a central issue in broader diplomatic tensions.
India Rejects BRICS Currency, Signals Western Alignment
At the recent BRICS summit in Rio de Janeiro, India officially rejected the proposed joint currency initiative intended to reduce global dependence on the U.S. dollar. The move was confirmed by Indian External Affairs Minister S. Jaishankar, and it has caused friction within the BRICS bloc.
India’s refusal comes as Prime Minister Modi pursues deeper economic ties with the U.S., including negotiations on trade agreements reportedly worth $500 billion. Analysts see this as a strategic realignment toward the West—at the expense of BRICS unity.
Diplomatic Breakdown: Worst India-U.S. Crisis in 25 Years
National security expert Derek J. Grossman called the current standoff the worst diplomatic moment in U.S.-India relations since 1998.
India’s Ministry of Commerce & Industry responded to Trump’s tariff announcement with a carefully worded statement:
“The Government will take all steps necessary to secure our national interest.”
Whether this crisis leads to India formally exiting BRICS remains uncertain, but the current trajectory suggests New Delhi is increasingly aligned with Western economic frameworks, leaving its future in BRICS in question.
@ Newshounds News™
Source: Watcher.Guru
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