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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Iraq Economic News and Points To Ponder Saturday Morning 8-2-25

Gold Declines Under Pressure From The Dollar

Time: 2025/08/01 12:13:46 Reading: 330 times  {Economic: Al Furat News} Gold prices are heading for their third consecutive weekly loss on Friday, pressured by a stronger dollar and declining expectations of a US interest rate cut.

While uncertainty over US tariffs on trading partners supported the yellow metal's prices,
spot gold settled at $3,288.89 per ounce by 07:33 GMT, down 1.4% so far this week.
Meanwhile, US gold futures fell 0.3% to $3,339.90 per ounce.  LINK

Government Advisor Denies Allegations Of 62 Trillion Dinars Lost

The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, confirmed that the rumor of destroying half of the 62 trillion Iraqi dinars currency is illogical and baseless. While explaining that the Iraqi monetary system is subject to strict procedures for managing paper currency, he called on citizens to refrain from circulating fabricated news and to maintain cohesion and trust in national financial, banking and economic institutions.

Salih said: "Some social media outlets have recently circulated illogical allegations that huge sums estimated at 62 trillion dinars were destroyed due to "mice and rats." This news is completely untrue and lacks the slightest degree of credibility and economic logic."

Salih emphasized that "Iraq's issued currency does not exceed 100 trillion Iraqi dinars, which includes circulating currency and reserve currency. Therefore, claiming that more than half of the currency was destroyed due to environmental or biological factors is economically impossible and not credible in terms of the scale and institutional procedures surrounding currency management."

He explained that "official data indicate that approximately 88% of the total monetary supply is outside the banking system, hoarded by individuals, as a result of an inherited monetary culture in Iraqi society, rather than within the warehouses or vaults of a single institution, where it could be exposed to such damage."

He added that "the Iraqi monetary system is subject to strict procedures for managing paper currency, in terms of printing, storage, periodic inspection, and replacement through precise monetary and accounting mechanisms. Such large sums cannot be left vulnerable to damage without oversight or follow-up."

He pointed out that "the rumor aims to create confusion and provoke public opinion, especially among non-specialists who do not know the nature of the monetary system in our country or how it works. This is something that must be addressed with reason and wisdom.

" He called on "all citizens not to circulate such fabricated news, which represents an underestimation of people's intelligence and has no economic or realistic value. Rather, it is part of attempts to confuse public opinion at a time when greater cohesion and confidence in national financial, banking, and economic institutions are required."  https://economy-news.net/content.php?id=58205

Iraq Among Three Countries With The Highest Tariffs Imposed By Trump

Economy | 08:39 - 01/08/2025   Mawazine News - Follow-up
US President Donald Trump signed an executive order on Thursday evening increasing tariffs on dozens of countries with which the United States considers its trade balance to be heavily tilted in their favor. The White House described the move as "restructuring global trade to benefit American workers."
According to a senior White House official, these tariffs will take effect on August 7, seven days later than originally scheduled.

The White House said in a statement that the new tariffs range from 10% to 41%, with the exception of Brazil, which was subject to tariffs of up to 50%.

Syria topped the list, with the highest tariffs imposed on it. These tariffs will apply to countries that have not reached bilateral trade agreements with the United States.

The tariffs on some Arab countries:
15% on Jordan;
25% on Tunisia;
30% on Algeria and Libya;
35% on Iraq; and
41% on Syria.

Countries that have concluded bilateral trade agreements with the United States will be subject to the tariffs stipulated in those agreements, but most countries have imposed customs duties of between 10 and 15%.

Tariffs on some other countries:
10% on British goods;
15% on the European Union, Japan, and South Korea;
25% on India;

30% on South Africa;
35% on Serbia;
39% on Switzerland;

40% on Laos; 50% on Brazil.

These additional tariffs have sparked widespread concern among companies exporting to the United States.

The same applies to Canada, where Trump increased tariffs on non-NAFTA products from 25% to 35%.
Several Asian countries heavily dependent on the US market have expressed relief that their exports will be subject to additional tariffs lower than those Trump intended to impose, such as Cambodia and Thailand, which reduced their tariffs from 36% to 19%.

Taiwan, meanwhile, has expressed hope for an agreement to reduce the 20% tariff imposed on its exports.   https://www.mawazin.net/Details.aspx?jimare=264461

Despite Global Volatility, Iraqi Oil Continues To Rise

Economy | 11:11 - 01/08/2025  Mawazine News - Baghdad -  Iraqi oil prices rose on Friday during daily trading in the global market.

According to special data, Basra Medium crude oil recorded $74.13 per barrel, while Heavy crude oil recorded $71.08 per barrel, with a change of +0.87 for both.

The data also showed global oil prices, with British Brent crude recording $71.75 per barrel, while US West Texas Intermediate crude oil recorded $69.29 per barrel, with a change of +0.03 and +0.05, respectively.    https://www.mawazin.net/Details.aspx?jimare=264466

Iraq Faces A Climate Crisis That Threatens Its Economic And Social Security.

Time: 2025/08/01 17:20:24 Reading: 105 times  {Local: Al Furat News} The head of the Strategic Center for Human Rights in Iraq, Fadel Al-Gharawi, confirmed that the last three years (2022-2024) witnessed unprecedented climate transformations in the country, negatively impacting the economy, agriculture, and energy sectors, and causing waves of displacement, poverty, and serious environmental degradation. He warned that the crisis is no longer merely environmental, but has turned into a direct threat to national security and societal stability.

Al-Gharawi said in a statement received by {Euphrates News} that “Iraq has become one of the countries most affected by climate change phenomena, ranking fifth globally, as temperatures in the central and southern governorates exceeded 50 degrees Celsius during the summers of 2023 and 2024, and continued in 2025, with drought rates recorded at the highest levels in decades.

He indicated that the rate of increase in temperatures reached 0.48 degrees Celsius per decade, which is nearly double the global average, which portends a permanent environmental disaster.”

He added, "The flow of the Tigris and Euphrates rivers has decreased by 30-40% compared to the normal average, causing a sharp decline in water resources, accelerating desertification rates, and increasing evaporation rates, which has had a direct impact on agricultural and food production."

He explained that "the agricultural sector was the most affected by rising temperatures and water scarcity, noting that 2022 witnessed a 37% decline in wheat production, a 30% decline in barley production, and a 50% decline in total production in some areas.

In 2023, 50% of farmers were forced to reduce cultivated areas or use less water, while 71% of agricultural land was threatened with complete drought in 2024, with more than 100,000 dunums of arable land lost annually due to desertification."

Al-Gharawi pointed out that "these climate phenomena have led to the displacement of thousands of families from the countryside to the cities, after they lost their sources of livelihood. He indicated that at least 130,000 people were internally displaced between 2022 and 2023, while approximately 40% of farmers completely abandoned their profession during 2024, and more than 80% of affected rural families became dependent on humanitarian aid or food loans."

He explained that "the livestock sector, particularly buffalo, has been severely affected, with the number of buffalo heads declining from 150,000 in 2015 to less than 65,000 in 2024. Sheep and cattle farming has also declined due to pasture deterioration and the rising cost of feed, impacting national food security."

He also noted that "heat waves and dust also impacted public health, with thousands of cases of heatstroke and respiratory illnesses recorded, while one dust storm in 2022 hospitalized more than 5,000 people in just two days."

Al-Gharawi called on the Iraqi government to "strengthen and follow up on the implementation of the 'Green Iraq Initiative' project, which includes planting 5 million trees to reduce desertification, establishing solar energy projects to generate 1 gigawatt of electricity, and improving irrigation techniques."

He called for the adoption of an urgent national climate adaptation strategy that includes comprehensive, funded water and agricultural plans, the launch of direct support programs for affected farmers through national agricultural emergency funds, an immediate shift to renewable energy to reduce reliance on conventional electricity and reduce emissions, and the rehabilitation of desertified lands through afforestation and rainwater harvesting projects.

He also stressed the need to integrate climate change into national economic policies, link it to financial planning and social services, and enhance international cooperation to provide long-term climate financing to help Iraq address this crisis.  LINK

 

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 8-2-25

Good Morning Dinar Recaps,

SEC Chair Atkins Urges Crypto Firms to Return to the U.S. Amid Regulatory Shift

A growing number of global crypto companies are expanding or returning to the United States as the Trump administration signals a policy pivot toward digital asset growth and onshoring.

SEC Endorses ‘Reshoring’ Strategy

In a speech delivered at the America First Policy Institute, SEC Chair Paul Atkins urged the U.S. to “reshore the crypto businesses that fled,” calling for a renewed effort to bring blockchain innovation back under U.S. jurisdiction. His remarks aligned with a broader push by the Trump administration to make the U.S. a leading global hub for digital assets.

Treasury Secretary Scott Bessent echoed the sentiment, declaring that the U.S. has entered a “golden age of crypto” and encouraging entrepreneurs to “start your companies here, launch your protocols here, and hire your workers here.”

Policy Shift Spurs Return of International Firms

Backed by political support and clearer regulatory frameworks, several international firms are re-entering or expanding within the U.S. market:

• Nexo (Bulgaria): Returned to the U.S. in April after a multi-year absence, citing improved regulatory clarity.

• Deribit (Netherlands): Exploring a U.S. entry as of early May.

• Wintermute (UK): Opened a New York office in May to increase U.S. market presence.

• OKX (Seychelles): Relaunched U.S. operations in June, establishing a new headquarters in San Jose, California.

• Bitmain (China): Announced plans to open its first U.S.-based ASIC production facility by 2026 and select a U.S. headquarters location by Q3 2025.

These moves come amid reports that other major ASIC manufacturers, including Canaan and MicroBT, are also shifting production to the United States.

U.S. Crypto Firms Expand Domestic Operations

Domestic firms are scaling up in response to state-level support and expanding regulatory certainty:

• Kraken: Relocated its global headquarters to Cheyenne, Wyoming, in June, citing the state’s crypto-friendly policies.

• MoonPay: Opened a new headquarters in New York in April and secured regulatory licenses to operate in all 50 states by June.

Conclusion

As pro-crypto reforms continue to take shape under the Trump administration, the return of global players and expansion of domestic firms suggest that the U.S. is regaining ground as a competitive destination for digital asset innovation.

@ Newshounds News™
Source: Cointelegraph    

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SEC Expands Crypto Roundtables Nationwide, Begins August 4 in Berkeley

The U.S. Securities and Exchange Commission (SEC) is taking its crypto policy outreach on the road, launching a nationwide series of roundtables aimed at early-stage blockchain developers and startups. The initiative, titled “Crypto on the Road,” builds on spring engagements that began in Washington and marks a significant expansion of the SEC’s public engagement with the digital asset industry.

Targeting Startups Outside Washington

According to the SEC’s August 1 announcement, the roadshow is designed to connect with smaller crypto teams—specifically those with 10 or fewer employees and less than two years in operation. The outreach aims to offer direct access to SEC representatives for developers and founders operating outside the Beltway.

Hester Peirce, head of the SEC’s Crypto Task Force, emphasized the importance of hearing from a broad cross-section of stakeholders:

“The Crypto Task Force is acutely aware that any regulatory framework will have far-reaching effects, and we want to ensure that our outreach is as comprehensive as possible.”

How to Participate

Teams interested in participating can request a meeting slot by emailing crypto@sec.gov with the subject line “Crypto on the Road.” Applicants should include the city of interest, the names of one or two attendees, and a brief description of their project and team.

The SEC also plans to publish a list of participating projects to maintain transparency throughout the process.

Nationwide Schedule Runs Through December

The initial roadshow calendar includes ten stops across the country, running from August through December:

• Berkeley, CA – August 4

• Boston, MA – August 19

• Dallas, TX – September 4

• Chicago, IL – September 15

• New York, NY – September 25

• Irvine, CA – October 3

• Cleveland, OH – October 24

• Scottsdale, AZ – October 29

• New York, NY (2nd stop) – November 12

• Ann Arbor, MI – December 5

Dates are subject to change as logistics are finalized.

Building on Spring Engagements

The roadshow follows the SEC’s first Crypto Task Force roundtable, held on March 21 in Washington, D.C. That session brought together a wide spectrum of voices, from blockchain advocates to policy skeptics. The dialogue highlighted shared concerns around the lack of regulatory clarity, even as participants diverged on how best to define oversight for decentralized platforms.

Key areas of debate included:

• The relevance and limitations of the Howey Test for evaluating digital assets

• Whether token decentralization should exempt projects from securities classification

• How regulation can encourage innovation without overreach

Following the inaugural session, the SEC hosted four additional events focusing on key regulatory issues, including the role of decentralized finance (DeFi) and consumer protection.

Seeking Ground-Level Insights

By moving discussions into key regional innovation hubs, the SEC is seeking more grounded insights from smart contract developers, tokenization teams, and early-stage consumer application builders. The insights gathered during this tour will help shape future SEC guidance and rulemaking on how digital assets and blockchain-based projects are treated under federal securities law.

@ Newshounds News™
Source: CryptoSlate

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“Tidbits From TNT” Saturday Morning 8-2-2025

TNT:

Tishwash:  International oil companies return to operations in Kurdistan fields

A responsible source in the Kurdistan Regional Government revealed on Saturday that a number of international oil companies have resumed operations in the Kurdistan Region's oil fields.

The source explained that "the vital oil facilities in the Kurdistan Region were subjected to more than 22 drone attacks in various parts of the region," noting that "the investigative committee has not yet submitted its final report to Prime Minister Mohammed Shia al-Sudani."

He added, "The region will bear the responsibility of compensating companies for the quantities allocated for local consumption."

He continued, "The region is preparing to deliver the ready quantities of crude oil produced by foreign companies that have gradually returned to operating in the region to the State Oil Marketing Organization (SOMO) for export via the Turkish port of Ceyhan, stressing that this step reflects the regional government's commitment to a joint understanding with the federal government to regulate the export file and protect oil investments." link

Tishwash:  China Petroleum Engineering wins bid for massive offshore pipeline project in Iraq

China Petroleum Engineering Corporation (CPEC), a subsidiary of the China National Petroleum Corporation (CNPC), announced it has won a bid for a major offshore pipeline project in Iraq. The project is expected to be worth approximately $2.5 billion.

This project represents an important step towards strengthening Iraq's oil export infrastructure, particularly its offshore component, which will contribute to increasing the country's capacity to pump and export crude oil.

According to economic websites, a Chinese company's winning of this massive bid confirms the growing role of Chinese companies in the global oil and energy sector, particularly in the Middle East and Iraq.

This major investment reflects China's commitment to securing and diversifying its energy sources, as Iraq is one of the world's largest oil producers and a major supplier to China.

The project is expected to contribute to the creation of significant job opportunities, both directly and indirectly, during the construction and operation phases.

This pipeline could also contribute to increasing Iraq's oil export revenues, which is vital for the country's economy, which is heavily dependent on oil revenues.

This project is another example of the growing economic cooperation between Iraq and China, which includes many sectors, particularly energy and infrastructure.  link

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Tishwash:  Iraqis do not trust banks. More than 90% of the money supply is outside the banking system.

The relationship between Iraqi citizens and banks, both governmental and private, remains isolated or nearly severed, especially when it comes to depositing money with these banks. Citizens view these banks as deep wells that hide their money beneath the routine of lengthy transactions, while they see the rooms and closets of their homes as the safest places for their cash. 

Citizen Wajdan Saleh is one of those people. She is afraid to deposit her money in Iraqi banks and prefers to keep it at home, citing her fear that the banks will not easily return her money if she needs it. 

"I once deposited 5 million dinars in a government bank, and when I went to withdraw it after a long period of time, they asked me to follow impossible procedures that took more than a week," Wajdan told Shafaq News Agency.

Wajdan added that since then she has not deposited any money, even the remittances she receives from relatives outside Iraq, which she receives immediately upon arrival.

"The lack of trust between citizens and banks has led to citizens hoarding their money at home and not depositing it in banks, which has significantly impacted the monetary aggregate," MP Mustafa Al-Karawi asserted. He added, "The issue of developing the banking sector and merging banks has been raised repeatedly in parliament, and the primary reason behind this is the loss of confidence citizens have had in the banking system in Iraq."

Speaking to Shafaq News, Al-Karawi explained that this problem stems from long-standing issues related to weak electronic and banking accounting systems, which has made citizens reluctant to use them and prefer to withdraw their full salaries as soon as they are deposited into the card, leaving no balance.

He points out that the absence of modern banking systems has led people to refrain from depositing and saving in banks, which prompts many to hoard their money at home, which in turn leads to economic stagnation and reduces the amount of liquidity circulating in the market.

Al-Karawi calls for raising citizens' awareness and banking culture, as well as for government and commercial institutions and the private sector to adopt e-commerce transactions, as a key path to stimulating economic activity.

He concluded by saying that deposits in banks not only provide financial security for citizens, but also enable banks to provide development services such as loans and advances, which contribute to stimulating the market and achieving the desired economic growth.

Economist Dr. Ali Daadoush told Shafaq News Agency, "The phenomenon of hoarding money amounts to 92% of the monetary mass outside the banking system. It represents a fundamental challenge to the monetary and financial structure in Iraq and is one of the most prominent manifestations of the structural fragility of the monetary economy." He emphasized that "this phenomenon is complex and has behavioral, institutional, and economic dimensions."

He adds, "The culture of hoarding is not a new phenomenon. It is an extension of decades of political and economic instability, from blockades to sanctions, from a lack of security to fragile institutions. During these periods, the idea that paper money in your pocket is better than money in the bank became ingrained in the Iraqi mindset. However, this culture did not remain within the framework of individual behavior alone, but rather transformed into a general phenomenon, stifling the economic cycle and weakening the ability of banks to perform their vital functions, from financing to investment, from oversight to the activation of monetary instruments."

Daadoush points out that "the majority of those who hoard cash are individuals, particularly in small towns, rural areas, and areas not covered by banking services. This is due to a lack of trust in banks, a result of past experiences of bankruptcy, seizure, or corruption, and the absence of a culture of financial inclusion in the educational and media systems."

Daadoush points to "the difficulty of banking procedures, the lack of widespread branch presence, and the decline in digital banking services, which push people to cling to cash as an easier means of payment."

According to experts, this phenomenon has many negative aspects, including the central bank losing effective control over the money supply, and its tools, such as interest rates and rediscounting, becoming less effective. Meanwhile, banks suffer from a liquidity crunch, which weakens their ability to finance projects and pushes investors toward informal financing. Furthermore, managing inflation due to the unofficial money supply negatively impacts the central bank's decisions in achieving its primary objective of controlling the general price level and achieving stability.

Citizen Abdul Ali Alwan told Shafaq News Agency, "The procedures for opening a bank account require official identification documents and an amount not exceeding $100. This is normal, but the problem becomes more complicated if we are asked to withdraw part of the deposited amount."

He added, "Routine procedures hinder the withdrawal process and take more than a week."

Due to the instability and the closure of some private banks due to external sanctions, some people refuse to deposit money in these banks.

Contractor Abdul Zahra Fadel explains, "There are often times when there is a quick and urgent need for money, but banking procedures stand in the way. Some private banks are subject to sanctions that require them to shut down for a period of time, and then we face numerous problems."

He pointed out in an interview with Shafaq News Agency: "When a citizen opens a bank account in hard currency, the money transferred to him through the bank is not disbursed in the same currency," noting that "the money transfer is also not delivered at the parallel rate under the pretext that the account opened with the bank is in hard currency, and another account must be opened in local currency in order to withdraw the transfer."

He asserts that "banks in Baghdad adopt complex and often unreasonable procedures that place customers in prolonged suffering. This is completely different from the banks in the region, which enjoy ease and transparency in all their banking transactions."

Ultimately, the Iraqi government must improve the administrative performance of banks and increase citizen confidence in the banking system by facilitating the procedures for withdrawing and depositing funds.  link

Mot:  UH OH !! ~~~ signs you might be .....

Mot:   Why of Course -- Here Ya Go!!!: 

De-Dollarization is Real, Brazil Just Proved it

De-Dollarization is Real, Brazil Just Proved it

Lena Petrova:   8-1-2025

Recent tensions between the United States and Brazil, marked by U.S. tariffs on Brazilian imports and visa bans on Brazilian judges, are not merely trade disputes. They are symptomatic of a deeper struggle over global financial dominance, at the heart of which lies Brazil’s innovative digital payment system, Pix.

This conflict underscores a significant geopolitical and economic shift centered around the long-standing reign of the U.S. dollar.

Launched in 2020, Pix has rapidly transformed Brazil’s financial landscape. This government-run digital payment system offers a fast, free, and accessible platform that has reached over 76% of the population.

 It has revolutionized how millions of Brazilians, particularly those previously excluded from formal banking, participate in the digital economy. Crucially, Pix bypasses the U.S. dollar as a settlement currency, allowing transactions to occur without relying on traditional U.S. financial infrastructure.

This innovation aligns perfectly with Brazilian President Lula da Silva’s broader vision of reducing dependence on the U.S. dollar, a trend reflecting the global shift towards currency multipolarity. This growing movement challenges the longstanding dominance of the dollar in global trade and finance.

Washington, however, views the ascent of Pix, and similar initiatives like BRICS Pay, as a direct threat to American economic leverage. Concerned about the implications for U.S. financial giants like Visa and Mastercard, the U.S. has responded with trade investigations and policy measures, including the imposition of tariffs and visa bans.

Yet, these retaliatory measures risk unintended consequences. By attempting to protect the status quo, the U.S. may inadvertently push Brazil and other emerging economies closer to alternative financial networks, bypassing U.S.-controlled systems like the SWIFT messaging network.

Pix’s success isn’t solely about challenging the dollar; it’s a testament to how local currency systems can drive financial inclusion and economic growth.

 Rather than simply being an “anti-dollar” or “anti-American” tool, it serves as a powerful engine for domestic development.

The U.S. dollar’s long-standing dominance, built on global consent and trust, is now being questioned as countries like China, India, Russia, and Brazil actively develop new mechanisms for cross-border transactions independent of the dollar.

While a complete dethroning of the dollar will undoubtedly take time due to existing economic ties, the trend toward financial diversification is undeniable. Innovations like Pix are significant contributors to this erosion of U.S. financial hegemony, and ironically, U.S. policy responses could accelerate this very shift rather than prevent it.

The ongoing conflict surrounding Brazil’s Pix system is more than a bilateral dispute; it’s a microcosm of a larger battle over the future of global finance and geopolitical power.

 It underscores how digital payment innovations in emerging economies can have profound implications beyond their borders, challenging established norms and redefining economic sovereignty in an increasingly multipolar world.

 The U.S. pursuit of preserving dollar hegemony, though understandable, might ultimately serve to hasten the very transition towards a more diversified and distributed global financial system.

https://youtu.be/64-FpTWPONQ

Seeds of Wisdom RV and Economic Updates Friday Evening 8-1-25

US SEC Rolls Out ‘Project Crypto’ to Rewrite Rules for Digital Assets

In a landmark shift for U.S. financial regulation, Securities and Exchange Commission Chair Paul Atkins has launched “Project Crypto,” a forward-looking initiative designed to overhaul how digital assets are governed in America. The project follows major policy recommendations released in a recent White House report on digital finance.

Atkins said the initiative aims to modernize the SEC for 21st-century capital markets, streamline regulation for crypto innovators, and ensure the U.S. maintains global leadership in digital finance.

A Response to the White House’s Digital Finance Blueprint

The new initiative was formed directly in response to the Biden-era President’s Working Group report, titled “Strengthening American Leadership in Digital Financial Technology.” The report urged federal agencies to build a coherent market structure for digital assets while eliminating fragmented oversight.

Under Project Crypto, Atkins proposed:

• Unified licensing rules to allow brokerages to offer multiple digital instruments under a single registration;

• Regulatory grace periods for early-stage crypto startups, including ICOs and decentralized software projects, to encourage innovation without immediate legal exposure;

• Legal protections for self-custody, ensuring individuals and institutions retain the right to manage digital assets without custodial intermediaries;

• A clear separation between commodities and securities, aligning crypto assets more accurately with the CFTC and SEC’s respective mandates.

“Many of the Commission’s legacy rules and regulations do not make sense in the twenty-first century — let alone for on-chain markets,” Atkins wrote. “The Commission must revamp its rulebook so that regulatory moats do not hinder progress and competition.”

A Regulatory Reset: Ending ‘Enforcement-First’ Tactics

Atkins’ leadership marks a dramatic reversal of the SEC’s prior posture, which was widely criticized for regulating crypto by enforcement rather than by policy. Since his appointment, the agency has:

• Ended regulation-by-enforcement as a default approach to the crypto sector;

• Approved multiple crypto exchange-traded funds (ETFs);

• Clarified staking income guidance, affirming that rewards earned from proof-of-stake validation do not constitute securities transactions;

• Authorized in-kind redemptions for crypto ETFs, a key functionality for institutional investors managing large-scale inflows and outflows.

These reforms reflect a deeper institutional commitment to integrating crypto into the mainstream financial system, rather than pushing it to the regulatory margins.

Joint Oversight with CFTC and a Focus on Stablecoins

In line with the White House report’s recommendations, joint jurisdiction between the SEC and the Commodity Futures Trading Commission (CFTC) will now define federal oversight of the crypto sector:

• The CFTC will assume primary responsibility over spot crypto markets, affirming its role as the chief regulator for crypto commodities like Bitcoin.

• The SEC will focus on security tokens, tokenized investment contracts, and digital asset platforms that function more like exchanges or broker-dealers.

The report also laid out a framework for stablecoin policy, interagency coordination, and banking integration — areas that will be built out as Project Crypto progresses.

The Path Ahead: Toward American Crypto Leadership

Project Crypto signals more than regulatory reform — it marks a strategic repositioning of the United States in the global digital economy. By creating legal clarity and reducing uncertainty, the initiative is designed to attract builders, protect consumers, and ensure that digital asset innovation remains anchored on American soil.

“Outfitting the SEC for internet capital markets and onchain finance is no longer optional — it’s essential for economic competitiveness,” Atkins said.

As Washington realigns its crypto policies, Project Crypto could become a cornerstone in defining the next era of financial innovation — one that balances open markets, strong protections, and global leadership.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

Senator Lummis Proposes Law Requiring Fannie and Freddie to Count Crypto in Mortgage Risk Evaluations

In a significant step toward integrating digital assets into U.S. housing finance, Senator Cynthia Lummis (R‑Wyo.) has introduced the 21st Century Mortgage Act, which would compel Fannie Mae and Freddie Mac to consider cryptocurrency holdings when evaluating risk in single-family mortgage applications.

The legislation follows recent action by the Federal Housing Finance Agency (FHFA), whose director Bill Pulte ordered that crypto reserves be counted as eligible assets in underwriting models. The new measure would formalize and expand that shift, positioning the U.S. mortgage industry to better reflect a digital-first financial reality.

From Cold Storage to Homeownership: A Modernization of Risk Assessment

Under current practices, government-sponsored enterprises (GSEs) like Fannie and Freddie typically assess loan risk based on traditional assets such as cash, retirement accounts, and securities. Cryptocurrency, despite being a growing source of wealth—especially among younger Americans—has largely been excluded due to volatility concerns and regulatory ambiguity.

The 21st Century Mortgage Act changes that by:

• Mandating recognition of digital assets recorded on cryptographically secure ledgers;

• Barring lenders from requiring borrowers to liquidate crypto holdings into fiat currency simply to qualify for consideration in mortgage risk evaluations;

• Aligning GSE underwriting with financial realities in which digital savings play an increasingly central role.

Senator Lummis emphasized that this measure is a response to declining homeownership rates among younger Americans and the widespread adoption of crypto.

“Rather than punishing innovation, government agencies must evolve to meet the needs of a modern, forward‑thinking generation,” Lummis stated.

Backed by FHFA Policy and Market Momentum

The legislation would codify a recent directive by FHFA Director Bill Pulte, who in June instructed Fannie Mae and Freddie Mac to:

• Treat cryptocurrency reserves as eligible assets in risk assessments for single-family loans;

• Develop processes to recognize those balances without requiring conversion into U.S. dollars;

• Review how broader digital asset holdings—especially Bitcoin—can be safely integrated into mortgage underwriting models.

This marks a break from legacy practices, where underwriters excluded crypto entirely, citing market unpredictability and lack of clear guidance.

Pulte’s move signals a regulatory rethinking of digital asset legitimacy, especially as the FHFA—tasked with overseeing Fannie, Freddie, and the Federal Home Loan Banks—seeks to modernize the housing finance ecosystem.

Policy Clarity Without Crypto Mortgages (Yet)

It’s important to note: the bill does not permit mortgage repayments in cryptocurrency. Instead, it allows verified crypto holdings to be counted in:

• Asset verification, used to determine borrower capacity;

• Risk modeling, used by GSEs to assess portfolio strength and loan eligibility.

By expanding the asset base eligible for consideration, the law aims to give crypto-native borrowers access to the same mortgage pathways as traditional savers.

A Generational Shift in Homeownership Strategy

Data from the U.S. Census Bureau shows homeownership rates for Americans under 35 at just 36.6%, even as 21% of U.S. adults report holding crypto—with two-thirds under age 45. These figures highlight a generational mismatch between how financial stability is measured and how wealth is now built.

The bill also arrives as part of a broader shift in regulatory tone under the current administration, which has begun addressing crypto policy more comprehensively—particularly in areas of banking, taxation, stablecoins, and capital markets.

Bridging Digital Assets and Traditional Finance

Senator Lummis, a long-time crypto policy advocate, is leveraging bipartisan concern over declining homeownership and outdated underwriting models to push for practical integration of digital finance into federal housing policy.

If passed, the 21st Century Mortgage Act could become a template for future crypto-inclusive reforms, enabling financial institutions to recognize digital savings without compromising risk standards or requiring unnecessary fiat conversions.

As Lummis frames it: modernization isn’t about abandoning oversight — it’s about updating the rules to reflect financial reality.

@ Newshounds News™
Source: CryptoSlate

~~~~~~~~~

Coinbase Launches XRP Perpetual Futures to Expand Institutional Access

Coinbase is set to launch XRP U.S. Perpetual-Style Nano Futures on August 18, marking a significant expansion in its derivatives lineup and providing institutional investors with a capital-efficient, margin-enabled vehicle to gain exposure to one of crypto’s most liquid assets.

Announced via Coinbase Institutional on July 29, this new offering represents a regulated and long-duration alternative to traditional spot trading, enhancing access to XRP through Coinbase Derivatives LLC, a CFTC-registered designated contract market.

XRP Futures Designed for Institutional Utility and Spot-Price Alignment

The nano XRP perpetual-style contract—listed under the symbol XPP—is structured to mirror the XRP spot price through a dynamic funding rate mechanism, which credits or debits open positions based on market movements.

Each contract will represent 500 XRP, offering a 5-year, cash-settled duration, rebalancing weekly via clearing adjustments. Trading will occur from Friday evening through the following Friday afternoon, with a short weekly pause, and contracts will auto-roll through December 2030.

“The Coinbase Derivatives, LLC nano XRP Perp Style Futures Contract is a 5-year cash-settled futures contract that tracks closely to spot price by using a funding rate to debit/credit open positions via a clearing cash adjustment,” the company’s product documentation explains.

This format enables institutions to hedge XRP exposure, speculate on future price trends, or leverage margin trading strategies, all within a regulated U.S. derivatives framework.

Building on a Regulated Futures Framework

Coinbase’s August launch builds on groundwork laid earlier this year:

• In April 2025, Coinbase filed with the Commodity Futures Trading Commission (CFTC) to self-certify XRP futures.

• That same month, the exchange launched two monthly XRP futures products: a nano contract (500 XRP) and a larger XRL contract (10,000 XRP)—both cash-settled and monthly expiring.

The upcoming perpetual-style XRP futures mark a clear evolution from those products by eliminating expiration and extending visibility for long-term strategies.

This move aligns with Coinbase’s broader initiative to reshape U.S. market access for digital assets through regulated derivatives offerings that mirror traditional financial instruments but leverage the liquidity and innovation of crypto markets.

Why It Matters: Institutional Crypto Derivatives Come of Age

As the digital asset sector matures, demand is increasing for compliant, capital-efficient tools that offer reliable price tracking, risk management, and regulatory clarity. Coinbase’s latest XRP futures offering addresses this need, particularly at a time when:

• Institutional participation in crypto is rising;

• CFTC-registered exchanges are gaining favor over offshore alternatives;

• And digital asset derivatives are becoming central to portfolio construction and hedging strategies.

This development further legitimizes XRP as a viable component of institutional portfolios, especially in light of growing clarity around its legal and regulatory standing in the U.S.

Outlook: Coinbase Pushes for Derivatives Dominance

With Coinbase Derivatives LLC at the helm and XRP nano perpetuals leading the charge, the exchange is cementing itself as a frontrunner in regulated crypto futures, aiming to provide U.S. investors with alternatives that are:

• Lower in capital requirements than full spot holdings;

• More flexible in exposure timeframes;

• And compliant with evolving CFTC oversight.

This launch not only expands investor access to XRP but also signals Coinbase’s broader intent to bridge the gap between traditional finance and digital assets—one futures contract at a time.

@ Newshounds News™
Source: Bitcoin.com

~~~~~~~~~

Visa Expands Stablecoin Settlement Platform With PYUSD, USDG, EURC and Adds Stellar, Avalanche Support

Visa has announced the addition of three new stablecoins and two additional blockchains to its digital asset settlement platform, further reinforcing its commitment to a multi-chain, multi-currency future in global payments.

The move is part of a strategic collaboration with Paxos, the blockchain infrastructure provider behind PayPal’s digital asset products, and comes amid growing institutional demand for regulated stablecoins following the recent passage of the GENIUS Act in the United States.

Visa Adds PYUSD, USDG, and EURC to Stablecoin Settlement Suite

The newly supported stablecoins include:

• PayPal USD (PYUSD) – a U.S. dollar-backed stablecoin issued by Paxos.

• Global USD (USDG) – another USD-backed token structured for institutional settlement.

• EURC – a euro-backed stablecoin issued by Circle.

These stablecoins join USDC, which Visa first integrated in 2021. With the latest additions, Visa now supports four fiat-backed stablecoins and allows settlement across 25+ fiat currencies, enabling partners to conduct multi-currency settlements with greater capital efficiency.

Stellar and Avalanche Join Ethereum and Solana on Visa’s Blockchain Roster

In addition to expanding its stablecoin lineup, Visa has also extended blockchain compatibility to include:

• Stellar (XLM)

• Avalanche (AVAX)

These new networks join Ethereum and Solana, which were previously integrated into Visa’s pilot and settlement infrastructure. This multi-chain expansion is part of Visa’s effort to build a scalable, flexible architecture for programmable money.

“When stablecoins are scalable, interoperable, and trusted, they can fundamentally transform how money moves globally,” said Rubail Birwadker, Visa’s Global Head of Growth Products and Partnerships.

Visa’s updated platform positions it as a neutral settlement layer for Web3 applications and enterprise payment solutions alike, offering compatibility across token types and blockchain ecosystems.

GENIUS Act Fuels Stablecoin Momentum Across Finance Sector

Visa’s latest move follows a surge of interest in stablecoins across the financial sector, spurred by the GENIUS Act, now U.S. law, which formally regulates fiat-backed digital currencies under federal banking oversight.

Since the law’s passage:

• Citibank, Bank of America, and other major institutions have signaled plans to issue or custody stablecoins.

• Global transaction volumes involving stablecoins have continued to rise.

• Analysts project the stablecoin market will expand from $275 billion to $2 trillion by 2030.

Visa’s stablecoin expansion comes at a pivotal moment for the industry, as tokenized money begins to intersect with traditional finance on a global scale.

Strategic Positioning for the Future of Money

Visa’s continued investment in blockchain infrastructure and regulated stablecoins reflects a deliberate effort to future-proof its payment network, offering partners a toolkit that spans currencies, jurisdictions, and blockchain rails.

With support for:

• 4 stablecoins (USDC, PYUSD, USDG, EURC)

• 4 blockchains (Ethereum, Solana, Stellar, Avalanche)

…Visa is poised to serve as a critical bridge between the traditional financial system and the decentralized internet of value.

@ Newshounds News™
Source:  TheCryptoBasic

~~~~~~~~~

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MilitiaMan and Crew: Iraq Dinar News- The Future of Iraq's Economy

MilitiaMan and Crew:  Iraq Dinar News- The Future of Iraq's Economy

7-31-2025

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

Welcome back to our channel!

In today's video, we dive deep into the evolving landscape of Iraq's economy, exploring key developments that are set to shape the nation’s financial future.

 What We Cover:

 Iraqi Dinar Insights: Understand the current status of the Iraqi dinar, its significance in the regional economy, and the strategies being implemented to stabilize and strengthen its value.

 Strategic Transportation Projects (TIR): Discover the ambitious transportation initiatives aimed at enhancing connectivity and boosting trade throughout Iraq and beyond.

Parliament's Support for Kurdistan: Gain insights into the recent parliamentary decisions welcoming Kurdistan's oil exports through SOMO (State Oil Marketing Organization), and what this means for Iraq's overall oil strategy.

Dollar Sales and Currency Control: Learn how Iraq is managing foreign currency through official platforms, including efforts to control currency prices amidst economic fluctuations. All that and corruption will wain.

Water as a Trading Card: Explore the innovative concept of utilizing water as a strategic asset in trade negotiations and economic planning. Bargaining card in Turkey's hand. They owe big money!

Increased Oil Production Plans: Find out how Iraq and OPEC+ intends to ramp up oil production capacity and the implications this has for local, regional and global oil markets.

https://www.youtube.com/watch?v=0UKGNOAicNY

Iraq Economic News and Points To Ponder Thursday Evening 7-31-25

Among Them Is The Economic Contraction.. An Expert Reveals The Reasons Behind The Decline In The Exchange Rate.
 
July 31, 2025  Baghdad/Iraq Observer  Economic expert Munar Al-Obaidi confirmed that the exchange rate of the US dollar against the Iraqi dinar has witnessed a significant decline recently.
 
This decline is due to a group of intertwined economic and procedural factors,   which vary in their level of influence  but have collectively contributed to strengthening the dinar.

Al-Obaidi told the Iraq Observer that “the reasons for the dollar’s decline include the  economic contraction and  declining consumer confidence.
 
The state of uncertainty in the Iraqi market, as a result of the economic slowdown, has led to a decline in the confidence of individuals and institutions in spending, which has  negatively impacted the volume of public demand, thus   reducing the need for the dollar as a stimulus for trade.
 
In addition, the halt in government investment spending has led to the government focusing on operational spending rather than investment spending,  leading to a decline in economic activity.” 

He added that "the general budget is the primary driver of economic activity, and reducing investment spending has reduced aggregate demand,  including demand for the dollar."

He noted that "other reasons include  tightening controls at border crossings and government measures to  curb smuggling and  regulate relations with the Kurdistan Region, which have contributed to reducing the phenomenon of inflated invoices,  which has reduced the unreal demand for dollars in the parallel market."
  
Regarding the shift of traders to the formal banking system, Al-Abidi explained that  “the markets have witnessed the  entry of a large segment of traders into the formal banking system, and  their reliance on the official dollar exchange rate through approved platforms, which has  reduced the volume of trading in the parallel market and reduced pressure on the dollar, in addition to a decline in re-export operations.
 
The decline in the re-export of goods to neighboring countries has led to a reduction in demand for imported goods, which has directly reflected in a decline in the need for dollars to finance these commercial operations.” 

He emphasized that settling major companies' dues in oil products instead of cash also had an impact on depreciating the dollar, as the government settled a portion of foreign companies' dues  in black oil and naphtha  instead of cash, reducing reliance on dollars sold by the Central Bank and  increasing their supply in the market." 

 He pointed out that  “preparations for the electoral process also play a role.
 
With the start of the election season, the volume of spending related to the electoral campaigns increased, and this spending is often financed from cash reserves stored in dollars,  which necessitated converting large amounts of them into dinars to cover campaign expenses,  thus increasing the supply of dollars and  increasing the number of foreign visitors and arrivals.

The increasing number of arrivals to Iraq contributed to the introduction of quantities of foreign currencies into the local market, which provided an additional source of hard currency  outside the framework of central bank sales, and  contributed to strengthening the availability of dollars.” 

He continued, saying, "The halt to illicit trade as a result of the closure of the border with Syria played
     a significant role in the decline of the dollar.
 
The closure of border crossings with Syria contributed to the  reduction of smuggling and illegal trade,  which had been heavily dependent on the dollar in the parallel market,   leading to a further decline in demand for the dollar." 

He concluded by saying, "The  decline in the issued currency and the  withdrawal of a portion of it from the market  is another reason behind the decline in the dollar price.
 
The Central Bank of Iraq withdrew a portion of the dinar money supply from the market,
     creating a double demand for the Iraqi dinar against the dollar.
 
This balance in demand levels between the two currencies  helped boost the value of the dinar and raise its exchange rate against the dollar on the parallel market."   https://observeriraq.net/بينها-الانكماش-الاقتصادي-خبير-يكشف-ال/  

"They Wasted Two Years Between Transactions." This Is How An Iraqi Investor Left His Country.
 
Economy Yesterday, | Baghdad Today – Baghdad  The Iraqi investor's decision  to establish a modern water treatment plant in Jordan instead of Iraq was not a purely economic one,  but rather a concrete embodiment of the idea of   "escaping from a land of stagnant opportunities to a land of clear rules."
 
The factory, which is scheduled to begin production in March 2026, will produce glass products including probiotics, sparkling water, and vitamin-enriched water.
 
Most of the products will be destined for the Gulf and European markets,
while Iraq, the country of origin, remains an unfeasible prospect, according to the project owner.
 
Economist Nabil Al-Marsoumi, who reported this experience in a blog post followed by Baghdad Today, did not merely present a story, but pointed to a deeper structural flaw, saying:
 
“An Iraqi businessman has begun establishing a modern factory in Jordan to produce various types of healthy and mineral water, using glass containers.
 
These include probiotics, multivitamins, sparkling and still water, and fruit-flavored water.

Production is scheduled to begin in March 2026, and most of the production is reserved for export to the Gulf and Europe.”
 
According to what Al-Marsoumi quoted from the investor,
 
the decision not to implement the project in Iraq was due to what he described as an "investment-repelling environment."

 He explained, "My decision not to implement the project in Iraq stems from industry constraints, licensing, and bureaucratic complications, in addition to the lack of confidence in Iraqi products in foreign markets,  which I consider a decisive factor in making the decision." 

The investor added, "I previously tried to add a production line to a water factory in Iraq,
and I've been working on the process for exactly two years.
 
They made me regret the day I thought of investing in Iraq."
 
Independent economic studies show that  Iraq is one of the countries in the region richest in untapped investment opportunities: a  large consumer market, a  pivotal geographic location,  vast natural esources, and a  promising private sector.
 
However, these potentials rarely translate into actual projects,due to what is known as the "trust gap"—
the gap between investors and the system supposed to protect and empower them.
 
In an environment  where the powers of the central government and the governorates overlap,  where the authorities of official bodies intersect, and  where regulatory bodies proliferate without clear legal basis, any productive project becomes a daily battle, one  that has nothing to do with the product or its feasibility, but rather with the cumbersomeness of procedures.
 
Data from the Iraqi Ministry of Planning indicate that the
private sector's contribution to GDP rose from 32.4% in 2020 to approximately 39.5% in 2024.
 
However, this percentage, while encouraging on paper, does not reflect a real shift in the state's investment philosophy.
 
Rather, it demonstrates the pressures on the state itself, given recurring financial crises and the shrinking capacity of the public sector to absorb additional employment.
 
In contrast, neighboring countries—such as Jordan, Turkey, and the UAE—  continue to attract Iraqi projects,   not through exceptional financial privileges,  but rather through  clear procedures,  consistent policies, and  global market confidence in their legal and regulatory systems —something Iraq still lacks today.
 
This investor's experience, as reported by Al-Marsoumi, is not an exception. Rather, it embodies a recurring pattern, according to observers of Iraqi investment affairs, spanning sectors  from agriculture to industry,  from technology to services.  Cumbersome procedures, a lack of transparency, the   absence of commercial arbitration, and conflicting jurisdictions   all constitute what can be termed a "soft repellent environment,"
 
one that doesn't expel investors by administrative order,  but rather exhausts them until they withdraw voluntarily,  burdened with disappointment and hesitation.
 
Some researchers argue that the question is not "Why did he choose Jordan?"   but "Why did he not find in his country an incentive to stay?"
 
When neighboring countries become more attractive to Iraqi projects than Iraq itself, the   fault lies not in the capital,   but in the infrastructure that is supposed to accommodate it.
 
When an Iraqi-funded water plant is built in Amman, the irony lies not in the location,  but in the deep gap in trust it reveals in the state, not the project.   https://baghdadtoday.news/279861-.html    

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

Seeds of Wisdom RV and Economic Updates Thursday Evening 7-31-25

Good Evening Dinar Recaps,

Trump’s Tariff Deadline Hits: Who Has a Deal—and Who’s on the Brink of Trade War?

With hours to go before the U.S. imposes sweeping new global tariffs, the world is holding its breath. On Friday, August 1, President Donald Trump’s long-threatened reciprocal tariffs will take effect, reshaping global trade with abrupt force.

A Trade Flashpoint Years in the Making

More than 120 days after declaring “Liberation Day” in April, Trump’s administration is now set to begin enforcing tariffs ranging from 15% to 50%, or more, on countries that failed to finalize new deals with Washington. Sectors like steel, copper, pharmaceuticals, and electronics will bear the brunt.

Trump remains unyielding:

“THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE – IT STANDS STRONG, AND WILL NOT BE EXTENDED,” he posted on Truth Social.

Winners: Countries That Secured Deals

A handful of U.S. partners have locked in agreements, accepting tariff increases in exchange for continued market access, U.S. investment, or exemptions on key goods:

• European Union: Accepted 15% tariffs on most exports, including cars and pharmaceuticals, plus energy and investment pledges.

• Japan: Secured 15% tariff (down from 25%) with a $550B investment pledge to the U.S.

• United Kingdom: Agreed to a 10% general tariff, with a 25% sectoral tariff on metals.

• South Korea: Accepted 15% tariff in exchange for U.S. export exemptions and $350B in pledged investments.

• Indonesia: Negotiated a 19% rate by committing to Boeing aircraft purchases and trade liberalization.

• Vietnam: Settled on a 20% base tariff and 40% for transshipped goods, in return for zero tariffs on U.S. cars.

• Philippines: Accepted 19% tariffs, plus full U.S. export access and enhanced military cooperation.

• Pakistan: Agreed to a joint oil development project; specific tariff terms remain undisclosed.

Still No Deal: Trump’s Top Three Trade Partners

• Mexico: The largest U.S. trade partner ($840B/year) faces ongoing 25% tariffs. USMCA exemptions offer limited protection.

• Canada: With $700B in bilateral trade, Canada risks a 35% tariff for goods not USMCA-compliant.

• China: Trades over $530B with the U.S.; a 30% tariff is set to apply August 12 following a brief extension. Earlier rates had escalated to 145%.

On the Edge: India, Taiwan, Pakistan

• India: Faces a 25% blanket tariff, plus penalties for energy ties with Russia. Trump criticized India’s high tariffs and minimal bilateral trade.

• Taiwan: Facing a proposed 32% tariff (excluding semiconductors), final terms are still pending intense negotiations in Washington.

Little Hope: Brazil’s Breakdown

Brazil has drawn the harshest penalties: a 50% reciprocal tariff. Trump has directly linked the tariff to Brazil’s prosecution of former President Bolsonaro, calling it “economic blackmail.” Lula has called the move “an international disgrace.” Negotiations are stalled.

Wider Implications: Economic Blowback and Supply Disruptions

The Yale Budget Lab estimates that the tariffs could cost U.S. households an average of $2,400 in 2025, as prices rise across imported goods. Key industries such as electronics, clothing, and pharmaceuticals are expected to face disruptions as costs climb and supply chains reconfigure.

The IMF Weighs In

IMF Chief Economist Pierre-Olivier Gourinchas warned that the tariff war risks undermining global stability:

“Restoring stability in trade policy is essential. We urge all parties to agree on clear and predictable frameworks,” he said, in what was seen as a veiled criticism of Washington’s aggressive stance.

@ Newshounds News™
Source:  Al Jazeera

~~~~~~~~~

Trump’s 25% Tariff on India Puts BRICS Unity to the Test

U.S. tariff escalation deepens BRICS economic tensions as India faces mounting pressure over stalled trade talks.

As the August 1 deadline approaches for sweeping new U.S. tariffs, the economic standoff between Washington and New Delhi has taken a dramatic turn. President Donald Trump confirmed Tuesday that a 25% tariff on Indian imports is imminent, sending shockwaves through both bilateral relations and the broader BRICS alliance.

Despite months of negotiation, the India-U.S. trade deal remains unresolved, threatening to ignite a full-scale trade war between the world’s largest and most populous democracies. And now, with India at the epicenter of escalating BRICS economic tensions, the bloc’s cohesion is facing one of its most significant tests to date.

Trump Escalates India Tariff Threats

Speaking at a press conference Tuesday, President Trump offered no ambiguity about his position:

“They are going to pay 25%.”

When asked directly whether Indian goods would face 20–25% tariffs, Trump reiterated:

“Yeah, I think so. India has been—they’re my friends.”

But the friendship appears strained. According to U.S. Trade Representative Jamieson Greer, the path to a trade agreement remains murky:

“They [India] have expressed strong interest in opening portions of their market. We, of course, are willing to continue talking to them. But I think we need some more negotiations with our Indian friends to see how ambitious they want to be.”

Trade Deficits and Discontent

The tariff threats stem in part from a widening trade imbalance. In 2024, the United States imported $87 billion worth of goods from India while exporting only $42 billion, a deficit that has more than doubled over the past decade.

Trump has long voiced frustration over India's tariff policies, calling them among the highest in the world:

“They charge more tariffs than any other country.”

During recent talks with Indian Prime Minister Narendra Modi, Trump reportedly said:

“You’re not treating us right.”

A Crucial Moment for BRICS Solidarity

India’s rising friction with the United States comes at a time when the BRICS alliance is under increased external pressure. Trump’s tariff campaign—part of a broader strategy that includes threats against China, Brazil, and others—has placed the bloc’s unity in the spotlight.

Earlier this year, Trump briefly imposed 26% tariffs on Indian goods before suspending them amid trade talks. Now, with new tariffs back on the table, India's response may shape the BRICS bloc’s credibility in resisting Western economic coercion.

India’s reaction has been reserved but pointed. Foreign Minister Subrahmanyam Jaishankar rejected any suggestion that a trade deal was near completion:

“The announcement was premature. Negotiations are complicated and intricate.”

High-Stakes Sectors at Risk

Key Indian exports to the U.S.—including pharmaceuticals, apparel, and telecommunications equipment—stand to be hit hard by the proposed tariffs. U.S. negotiators have also raised concerns over India's digital services tax and what they call “uniquely burdensome” testing standards for imports.

With time running out, the standoff poses a serious challenge not only to India-U.S. trade ties but also to BRICS’ long-term resilience. Other members of the bloc are closely watching how India navigates Washington’s pressure.What Comes Next?

The outcome of the U.S.-India tariff dispute could have lasting consequences for BRICS. Will India compromise to secure a bilateral deal? Or will it hold firm, testing the alliance’s resolve to stand up to U.S. economic dominance?

As Trump’s August 1 tariff deadline looms, BRICS unity may be redefined not by declarations, but by decisions—and India’s next move may determine the future of the alliance’s economic architecture.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Iraq Good News Erases 87% of National +IQD RV Latest News

Iraq Good News Erases 87% of National +IQD RV Latest News

Edu Matrix:  7-31-2025

In a groundbreaking achievement for Iraq's economy, the state-owned Al-Rafidain Bank has announced the settlement of 87% of the country's foreign debt liabilities as of July 30, 2025.

This pivotal milestone, reached through strategic negotiations and successful legal actions, underscores Iraq's commitment to financial recovery and national sovereignty.

With significant concessions secured from creditors in France, the Netherlands, Turkey, and Lebanon, Iraq is enhancing its credit rating and building global trust in its financial governance.

The decline in foreign debt from $19.7 billion to $8.9 billion reflects Iraq’s focused policy reforms. Discover how this achievement paves the way for global integration and investor confidence in Iraq's fiscal stability!

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

Iraq Economic News and Points To Ponder Thursday Afternoon 7-31-25

The Iraqi Stock Exchange Traded Shares Worth More Than 7 Billion Dinars In One Week.

Thursday, July 31, 2025| Economic Number of readings: 164  Baghdad / NINA / The Iraq Stock Exchange announced, on Thursday, that it traded shares worth more than 7 billion dinars during five trading sessions during the last week of July.

According to market statistics, the number of traded shares during this week amounted to more than 3 billion shares, with a financial value of more than 7 billion dinars.

The ISX60 market trading index closed for the first session of the week at (977.25) points, while the index closed at the end of the week at (945.99) points, achieving a decrease of (3.30%) compared to its closing at the beginning of the session. The

ISX15 market trading index closed for the first session of the week at (1130.28) points, while the index closed at the end of the week at (1108.27) points, achieving a decrease of (1.99%) compared to its closing at the beginning of the session.

During the week, (4556) buy and sell contracts were executed on the shares of companies listed on the market. /End  https://ninanews.com/Website/News/Details?key=1243925

Iraq To Increase Oil Production In August

Time: 2025/07/31 Reading: 660 times    {Economic: Al Furat News} A government advisor revealed Iraq's intention to increase its crude oil export production over the next month.

The Prime Minister's financial advisor, Mohammed Salih, explained in a press statement that "the OPEC+ meeting held in June 2025 approved a plan to gradually ease the additional voluntary production cuts that eight countries have committed to since 2023," noting that "these countries will collectively begin gradually increasing their production by 548,000 barrels per day until September 2025."

Salih explained that Iraq had been committed to an additional voluntary cut of approximately 220,000 barrels per day since the beginning of 2024, and according to the new easing plan, it will be allowed to gradually increase its production starting next August.

The list of countries that will implement this increase includes Saudi Arabia, Iraq, the UAE, and Kuwait, in addition to Russia, Algeria, Oman, and Kazakhstan. The percentages of the increase will be distributed differently among these countries, based on an internal agreement within the alliance.

The Organization of the Petroleum Exporting Countries and its allies in the OPEC+ alliance decided to increase the production of eight member countries, as part of a plan to gradually ease the voluntary cuts, starting in August 2025 and continuing until September of the same year.

It is noteworthy that the federal government announced on July 17 that it had reached an agreement with the Kurdistan Regional Government to resume crude oil exports from the region, after a halt of more than two years, following drone attacks targeting the region's oil fields.

The agreement stipulates that "the regional government shall immediately begin delivering all oil produced from the region's fields to the State Oil Marketing Organization (SOMO) for export, provided that the current delivered quantity is not less than 230,000 barrels per day, to which any increase in production will be added."

Under the agreement, the federal Ministry of Finance is obligated to pay the regional government an advance of $16 for each barrel delivered, while 50,000 barrels per day are allocated for domestic consumption within the region.

Iraq is OPEC's second-largest oil producer, exporting approximately 3.5 million barrels of crude oil per day.    LINK

Oil Prices Continue To Rise For The Fourth Consecutive Day.

Energy  Economy News - Follow-up   Oil prices rose for a fourth consecutive day on Thursday as investors fretted over supply amid US President Donald Trump's efforts to quickly resolve the war in Ukraine and his threats to impose tariffs on countries that buy Russian oil.

Brent crude futures for September delivery, which expire on Thursday, rose 27 cents, or 0.4%, to $73.51 a barrel by 00:28 GMT. US West Texas Intermediate crude for September delivery rose 37 cents, or 0.5%, to $70.37 a barrel. Both benchmarks settled 1% higher on Wednesday.

Brent crude for October delivery rose 29 cents, or 0.4%, to $72.76. "Buying interest continues to be supported by concerns that secondary tariffs on countries importing Russian crude will lead to supply cuts," said Toshitaka Tazawa, an analyst at Fujitomi Securities.

Trump threatened on Tuesday that he would begin imposing measures on Russia, including 100% secondary tariffs on its trading partners, if it did not make progress toward ending the war within 10 to 12 days, shortening a previous 50-day deadline. Trump said on Wednesday that the United States was still negotiating with India on trade, after announcing earlier in the day that the United States would impose a 25% tariff on goods imported from India starting Friday.

The United States also warned China, the largest buyer of Russian oil, that it could face hefty tariffs if it continues purchasing. The US Treasury Department announced new sanctions on Wednesday against more than 115 individuals, entities, and vessels linked to Iran, a sign that the Trump administration is intensifying its "maximum pressure" campaign against Iran after the bombing of key nuclear sites in June. China is the largest buyer of Iranian oil.

Meanwhile, U.S. crude oil inventories rose by 7.7 million barrels in the week ending July 25 to 426.7 million barrels, driven by lower exports, the Energy Information Administration reported Wednesday. Analysts had expected inventories to decline by 1.3 million barrels. https://economy-news.net/content.php?id=58145

After A Month Of Declines In Its Prices, Gold Is On The Rise Globally
Economy | 07/31/2025  Mawazine News - Follow-up  Gold prices rose on Thursday from a monthly low recorded in the previous session, as uncertainty over new US tariffs increased the yellow metal's appeal.
Spot gold rose 0.8% to $3,301.49 per ounce by 06:12 GMT, after hitting its lowest level since June 30 at $3,267.79 on Wednesday.   US gold futures were steady at $3,295.80 per ounce. https://www.mawazin.net/Details.aspx?jimare=264434

A New Rise In The Dollar Exchange Rate In Baghdad

Economy | 07/31/2025  Mawazine News - Baghdad -  The dollar exchange rate witnessed a significant rise against the Iraqi dinar this Thursday morning in local markets in Baghdad.The selling price reached 140,750 dinars for $100, while the buying price reached 138,750 dinars for $100.   https://www.mawazin.net/Details.aspx?jimare=264431

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