“Tidbits From TNT” Wed. Morning 7-9-2025

TNT:

Tishwash:  Demonstrations in Sulaymaniyah protesting the deteriorating living conditions and delayed salaries. 

Baghdad Today correspondent reported, on Tuesday evening (July 8, 2025), that popular demonstrations broke out in the cities of Ranya and Qala Diza, affiliated with Sulaymaniyah Governorate, in protest against the deteriorating living conditions and the ongoing salary crisis in the region.

Our correspondent said that dozens of young people from both cities took to the streets in angry demonstrations demanding improvements to their living conditions and the payment of overdue salaries. They asserted that "their patience has run out as the crisis continues without any real solutions."

Our correspondent noted that security forces in the area had begun moving toward the demonstration site to contain the situation, with no clashes reported at the time of writing.  link

Tishwash:  Where are the 2025 budget schedules? Projects are suspended, plans are postponed, and Parliament holds the government accountable.

Despite more than half a year having passed since the start of the fiscal year, the 2025 budget schedules remain absent from the House of Representatives, a scene that rekindles concerns about a financial paralysis that threatens service and development projects in the governorates.

This delay comes despite the country's adoption of the "Tripartite Budget" law, which was supposed to spare Iraq the annual wait for approval of financial allocations and ensure stability in the flow of funds and project planning.

In this context, the Deputy Chairman of the Parliamentary Committee for Regions and Governorates, Jawad Al-Yasari, ruled out on Tuesday (July 8, 2025) the approval of the 2025 budget schedules during the remaining term of Parliament, holding the government responsible for the delay.

"The Iraqi government is responsible for the delay in approving the 2025 budget schedules, as it has not yet sent them to Parliament for review," Al-Yasari told Baghdad Today. "We don't know anything about them yet, and we don't believe the government is serious about sending them, which is why we rule out approving them within the remaining term of Parliament."

He added, "This delay has clear consequences, most notably the disruption of the launch of a large number of projects in the governorates, as well as the obstruction of the completion of existing projects that require financial allocations." He noted that "the government is currently content with paying salaries and outstanding financial obligations, in the absence of schedules and a parliamentary vote on them."

According to observers, the government's continued delay in submitting budget schedules reflects confusion in financial planning and a lack of a clear vision regarding spending priorities. This threatens to widen the gap between the central government and the governorates and weaken the state's ability to fulfill its service and development commitments. It also portends escalating popular discontent in some areas, particularly those that rely on investment allocations for infrastructure development and job creation, at a time when economic and living pressures on citizens are increasing.  link

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Tishwash:  The House of Representatives will hold its first session of the second legislative term next Saturday.

Reciting verses from the Holy Quran

Agenda

Session No. (1)

Saturday 12/June/2025

Al-Nawar session

Affairs Department

First: Voting on the proposed law of the Iraqi Programmers Syndicate. Labor and Civil Society Organizations Committee, Legal Committee), (26) articles.

Second: Voting on the draft law of mental health. (Health and Environment Committee), (42) articles.

Third: Voting on the draft law of protection from the harms of tobacco. Health and Environment Committee), (21) articles.

Fourth: First reading of the proposed law of the Union of Private Hospitals in Iraq. Health and Environment Committee), (8) articles

Fifth: Report and discussion of the second reading of the proposed law amending the first amendment to the Law of the National Authority for Nuclear, Radiological, Chemical and Biological Control No. (1) of 2024. (Health and Environment Committee).

Sixth: Report and discussion of the second reading of the proposed law amending the third amendment to the Law on Compensating Those Affected Who Lost Parts of Their Bodies as a Result of the Practices of the Former Regime No. (5) of 2009, as amended. (Martyrs, Victims and Political Prisoners Committee).

Seventh: Report and discussion of the second reading of the draft law on the Republic of Iraq's accession to the Convention Amending the Convention on the Physical Protection of Nuclear Material (Foreign Relations Committee, Health and Environment Committee).

The session begins at one o'clock in the afternoon  link

Mot:  . Mirror -- Mirror ......... Siiigghhhhhhh

Mot: and then there is ""Opal"" ....

4 Reasons To Give Your Adult Child Money

4 Reasons To Give Your Adult Child Money (And 2 Reasons Not To)

January 8, 2025 by  Cindy Lamothe  Money / Financial Planning

Like all things in life, too much of a good thing can go very, very wrong — particularly, when it comes to doling out money to adult kids.

According to experts, there are many appropriate instances when help is needed, and then there are times when doing so can hinder an adult child’s growth.

Here are the financial situations in which it is okay to give a grown child money — and when not to.

To Help With a Down Payment on a Home

“I suggest that contributing to your adult child’s down payment is a meaningful way to provide generational support,” said Max Avery, a Chief Business Development Officer at Syndicately. 

He said this investment in their stability gives them a solid financial start, as homeownership often builds long-term wealth. 

“This includes gaining access to favorable mortgage terms and avoiding costly rental payments.”

To Fund Emergency Expenses

Avery noted that the best way to offer monetary support is to cover emergency needs like car repairs, legal issues or temporary unemployment that prevent your child from spiraling into debt or compromising their financial stability. 

“This support should not be a long-term solution, but rather a temporary boost to help your child stay on track.” 

Help With Major Life Transitions

David Cooper, PsyD, therapist and strategic advisor of Yung Sidekick, observed that helping with money during tough transitions is a good reason to help adult children with money, as a way to make big life changes less stressful.

TO READ MORE:  https://www.gobankingrates.com/money/financial-planning/reasons-give-adult-child-money/

3 ‘Normal’ Money Habits That Could Ruin You Financially

3 ‘Normal’ Money Habits That Could Ruin You Financially — What to Do Instead

Sarah Li Cain   Mon, July 7, 2025  GOBankingRates

Everyone makes mistakes. But some have more dire consequences than others. While the occasional dinner out or spending money on lattes (is this still a big deal?) may set you back a bit financially, it’s not the end of the world.

There are some money habits though, that if not kept in check, could ruin your financial future. Here are three of them, and what habits you can replace them with instead.

Save What’s Left Over After Spending

While committing to saving after accounting for your spending sounds great in theory, the truth is that it may not be the best move. Maybe you have larger than expected bills for one month, or you decide to take your friend out for dinner.

All of this spending adds up, and you may find that you’ll have nothing at the end of the month to go towards savings.

Instead, consider a popular method called “pay yourself first.” Here, you set a savings goal, whether a percentage or a fixed dollar amount. Then, at the beginning of each month, or whenever you get paid, you transfer the savings to another account. Whatever is left over is for you to spend, guilt-free.

That way, you know you’re consistently reaching your savings goals.

Forgetting About Ongoing Maintenance Costs

Budget is just as much about understanding your spending now as much as projecting or estimating the amount you’ll spend in the future. Forgetting about future costs like maintenance for large ticket purchases can wreak havoc on your budget.

For example, when you buy a car, ongoing expenses include regular oil changes, replacing or rotating tires and any repairs. Even smaller items like a bicycle also need ongoing maintenance.

To help you understand what the “true” cost of an item you’re about to buy could set you back, do an online search to look at average estimated costs for maintenance.

Data from Kelly Blue Book found that average repairs cost car owners $838 each year, though different models may cost more. Consumer Reports is a popular trusted source, and frequently conducts research on various car brands and ranks them according to repair and maintenance costs.

Once you understand what you could pay, factor them into your budget to see whether you can truly afford the item.

Not Having a Buffer Amount Set Aside

TO READ MORE:  https://www.yahoo.com/lifestyle/articles/3-normal-money-habits-could-110116246.html

FRANK26….7-8-25…..COMING HOURS

KTFA

Tuesday Night Conference call

FRANK26….7-8-25…..COMING HOURS

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=t7NrOc1BOTE

More News, Rumors and Opinions Tuesday PM 7-8-2025

Gold Telegraph: This Shift has been Telegraphed for Years

Tuesday, 8 July 2025,

China added to its official gold reserves for an eighth straight month in June… China continues to stockpile.

BREAKING NEWS CHINA IS ESTIMATED TO HAVE ADDED UP TO 100,000 TONNES OF NICKEL TO ITS STATE RESERVES SINCE DECEMBER.

Buying for government strategic stockpile at low prices… Smart.

“Beijing takes advantage of prices at 5-year lows for metal vital to steel and EV batteries in push to secure supply chains…”

Source: https://www.ft.com/content/3af62de7-d7db-49c0-b8e5-a5cc0f80b8e2

The tensions between the United States and Japan needs to be followed very closely. Why? Japan is the largest holder of U.S. debt.

BREAKING NEWS: BRAZIL’S PRESIDENT SAYS THE WORLD DOES NOT NEED AN EMPEROR AFTER THE PRESIDENT OF THE UNITED STATES THREATENED EXTRA TARIFFS ON BRICS

Wow…

“Trump’s threat on Sunday night came as the U.S. government prepared to finalize dozens of trade deals with a range of countries…”

Source: https://www.reuters.com/world/china/brics-nations-resist-anti-american-label-after-trump-tariff-threat-2025-07-07/

A Governing Council member from the European Central Bank says the ECB’s best unconventional instrument for steering monetary policy is a large-scale asset purchase. Here we go. These central bankers should just ask how large-scale QE has worked in Japan. Just a total circus.

Let’s connect the dots:

1. China is acquiring mineral assets globally at the fastest pace in over a decade.

2. China is also publicly hoarding gold… quietly, with many people questioning how much the country really has.

3. Gold is now the world’s second-largest reserve asset.

Globally?

4. Nations are calling for structural reform of the IMF and World Bank.

This isn’t random.

It’s a strategic realignment of the global financial order.

Gold is no longer on the sidelines; it’s moving to the center of the global financial stage. This shift has been telegraphed for years. The next chapter is now being written.

Source(s):   https://x.com/GoldTelegraph_/status/1942282968959181225

https://dinarchronicles.com/2025/07/08/gold-telegraph-this-shift-has-been-telegraphed-for-years/

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

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

Walkingstick   [Iraqi bank manager friend Aki update]  The bank [in Dearborn] is open. Question "What is the main thing they are doing?"  Transferring.  They're getting ready because they know the Iraqi citizens are going to be transferring a lot.  They can now, he's with Western Union.  Question:  "He's still waiting for the new exchange rate, huh?"  That's all he's waiting for. 

Sandy Ingram  Iraq is making quiet moves in the finance, banking and manufacturing areas.  These moves don't look like much when you read about them...but when you tie it all together you see big progress...And you see a country that plans to outshine all the other countries in the Middle East...

Clare  Article:  "An expert warns of the US Federal Reserve's restrictions on Iraq's financial sovereignty" Quote: "Economic expert, Diaa Mohsen, confirmed...Iraq still lacks independent economic decision-making due to the restrictions imposed by the US Federal Reserve on its funds, warning of the repercussions of the continuation of this situation on the country's financial sovereignty."

Has Gold Peaked? This Chart Tells a Different Story

Mike Maloney & Alan Hibbard:  7-8-2025

Is gold overvalued—or is the biggest move in precious metals still ahead? In this episode of the GoldSilver Show, Mike Maloney and Alan Hibbard dive deep into a powerful yet rarely-discussed chart: the M2 money supply-to-gold ratio.

Inspired by a viewer’s tweet, they break down how this ratio can signal market turning points and explore whether gold has truly peaked or if we’re on the cusp of a historic breakout.

 Along the way, they decode data from the Federal Reserve, analyze decades of economic trends, and uncover what the world’s central banks may be preparing for—a return to real money.

https://www.youtube.com/watch?v=o9va-5z2Yq4&t=115s

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

Good Afternoon Dinar Recaps,

Lula Defies Trump as U.S. Targets 50+ Nations in BRICS Tariff Threat

 A Diplomatic Showdown Over Tariffs and Global Trade

Tensions between Brazilian President Luiz Inácio Lula da Silva and Donald Trump have escalated into a full-blown diplomatic standoff. At the heart of the crisis: Trump’s threat to impose a 10% tariff on countries aligning with BRICS, a coalition increasingly seeking alternatives to U.S. economic dominance.

In a sharp rebuke, Lula directly challenged Trump’s tariff threats, rejecting what he sees as outdated and coercive economic policies.

 Trump’s Tariff Ultimatum Against BRICS

The controversy erupted following Trump’s warning that any nation aligning with BRICS policies would face an “additional 10% tariff.” His administration is reportedly preparing dozens of trade deals and intends to apply tariffs only if countries are deemed “anti-American.”

Trump stated:
“Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy.”

This statement followed public condemnation by BRICS leaders of recent U.S. military actions and growing dissatisfaction with the global trade order.

Lula: “We Don’t Want an Emperor”

Speaking at the BRICS Summit in Rio de Janeiro, Lula was blunt:

“The world has changed. We don’t want an emperor.”

He elaborated on BRICS' purpose as a counterbalance to Western dominance:

“This is a set of countries that wants to find another way of organizing the world from the economic perspective. I think that’s why the BRICS are making people uncomfortable.”

Lula also called for a gradual shift away from the dollar:

“The world needs to find a way that our trade relations don’t have to pass through the dollar. Our central banks have to discuss it with central banks from other countries. That’s something that happens gradually until it’s consolidated.”

 BRICS Pushes Back: Toward De-Dollarization

With 50+ nations now cooperating with BRICS, including 13 partner countries—Algeria, Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Vietnam, and Uzbekistan—calls for alternative trade systems are growing louder.

Iran’s Supreme Leader Ayatollah Ali Khamenei declared:

“One of our problems today is being dependent on the dollar. BRICS countries must strive to eliminate the dollar in trade as much as possible.”

Other responses:

•  South African President Cyril Ramaphosa affirmed BRICS does not seek confrontation but wants fair trade.

• 🇨🇳 Chinese Foreign Ministry spokesperson Mao Ning condemned the tariffs as “tools of coercion” and reaffirmed BRICS’ commitment to “win-win cooperation.”

 A Larger Battle Over U.S. Economic Hegemony

What began as a spat between Lula and Trump is fast becoming a global referendum on U.S. trade policy and the dollar’s role in international finance.

More than 40 countries have applied to join BRICS or become partners—driven by:

• Discontent with U.S. dollar hegemony

• Concerns over weaponized trade policies

• Interest in multipolar trade frameworks

The broader implications are clear: this is not just a tariff fight—it’s a challenge to the structure of the global financial order.

Summary:

• Trump threatens 10% tariffs on “anti-American” BRICS-aligned nations.

• Lula responds: “We don’t want an emperor.”

• BRICS members call for de-dollarization and a new economic system.

• Over 50 countries now aligned with BRICS’ growing influence.

• The conflict signals a shift away from U.S.-centric trade norms toward a multipolar financial world.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

India’s Triumph at BRICS: PM Unites Summit Against Terrorism, Pushes Global Reforms

Modi’s Diplomatic Victory at the 17th BRICS Summit

India emerged as a decisive voice at the 17th BRICS Summit in Brazil, uniting the bloc on a firm stance against terrorism and driving calls for reform of global governance institutions.

🔹 Key Outcomes:
• India led unanimous condemnation of terrorism
• PM Modi condemned the Pahalgam terror attack as an “assault on humanity”
• BRICS declaration demanded action against UN-designated terrorists

Terrorism Takes Center Stage

At the session on Peace and Security, Prime Minister Narendra Modi delivered a powerful message against terrorism, directly addressing the April 22 Pahalgam attack in Jammu and Kashmir, which killed 26 civilians.

“This is not just a regional problem—it is an assault on humanity,” the Prime Minister declared.

The Rio de Janeiro Declaration, adopted at the summit’s close, condemned the attack in “the strongest terms”, and emphasized that there can be no “double standards” in the global fight against terrorism.

Para 34 of the declaration, shaped by India’s diplomacy, called for action against those who “abet, finance, covertly or overtly” support terrorism—an implicit rebuke of Pakistan’s alleged role in cross-border attacks.

PM Modi: “Victims and Supporters Cannot Be Treated the Same”

Modi reaffirmed India’s long-standing demand for sanctions on those aiding terrorism, stating:

“Victims and supporters of terrorism cannot be weighed on the same scale.”

All 11 BRICS members and partners endorsed the statement, marking a rare moment of consensus on this issue.

However, China’s double game drew attention. While Premier Li Qiang joined the condemnation, Beijing’s ongoing resistance to UN sanctions against Pakistan-based terrorists remained a sticking point.

Modi’s pointed remark about nations offering “silent consent” for terrorism was seen as a direct critique of China’s contradictory position.

Reforming Global Institutions: A Call for Inclusivity

Beyond security, India led the charge for reforming global governance bodies such as the UN Security Council, IMF, World Bank, and WTO.

“We must build a multipolar and inclusive world order,” Modi told the summit.

According to officials, Para 6 of the declaration “strongly endorsed” this message, and highlighted the roles of India and Brazil in amplifying the voice of the Global South.

Innovation and Development: BRICS Research Push

India also proposed a BRICS Science and Research Repository to:

• Strengthen critical mineral supply chains

• Advance responsible AI initiatives

• Support sustainable growth across developing economies

PM Modi held bilateral meetings with Malaysia, Cuba, South Africa, and Vietnam, promoting collaboration in digital infrastructure (like UPI) and the integration of Ayurveda into healthcare innovation.

India’s BRICS Leadership in 2026

With India set to assume the BRICS presidency in 2026, this summit further solidified its position as:

• A global advocate against terrorism

• A champion of institutional reform

• A driver of inclusive and sustainable development

While China’s strategic contradictions remain a challenge, the Rio summit marked a clear diplomatic win for India—one that could shape the direction of the bloc for years to come.

Summary:

• India secured unanimous condemnation of terrorism at BRICS 17.

• The Rio Declaration echoed India’s language on sanctions and double standards.

• PM Modi pushed for UNSC and IMF reform, backed by Global South partners.

• India proposed a BRICS research initiative focused on AI and supply chains.

• As future chair, India’s leadership is seen as a defining force in the bloc’s evolution.

@ Newshounds News™
Source:  India Today

~~~~~~~~~

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Economist’s “News and Views” 7-8-2025

Trump’s 10% Tariff Just Shook BRICS as U.S. Debt Hits a Breaking Point

Daniela Cambone:  7-8-2025

“Tariffs, gold, and the great unraveling.”

Adrian Day, CEO of Adrian Day Asset Management, joins Daniela Cambone at the Rule Symposium in Boca Raton to unpack the global crosswinds shaking the foundation of U.S. dominance.

From Trump’s new 10% tariff threats against BRICS-aligned nations to Powell’s reluctance to cut rates, Day sees deep contradictions in U.S. policy — and a brewing inflection point for the dollar.

He warns of a silent shift away from the dollar as a reserve currency, citing its sharp decline in central bank holdings, and points to record debt servicing costs as the real driver behind coming rate cuts.

Amid shaky CPI data, political brinkmanship, and a confused Fed, Day argues gold remains the ultimate hedge. “The messaging is broken. The math is unsustainable. But the case for gold? Stronger than ever.”

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

The World Is DITCHING the Dollar - Here's WHY

Lena Petrova:  7-8-2025

https://www.youtube.com/watch?v=0iLpTihWo0s

Market Sell-Off Ahead? | Todd "Bubba" Horwitz

Liberty and Finance:  7-7-2025

Join Todd "Bubba" Horwitz for a live discussion on the recent downside moves in the stock market and what they could mean for investors.

He’ll break down the factors driving the decline and why the risk of further downside remains on the table.

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

Tuesday Coffee with MarkZ. 07/08/2025

Tuesday Coffee with MarkZ. 07/08/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning Mark, Mods and members

Member: Are we there yet????

MZ: In Iraq: “The coming hours may witness the signing” This is about the Erbil/Baghdad oil agreements . There is a lot of back and forth right now. But articles are saying they have worked through the issues and signing is imminent.

MZ: We saw this same kind of back and forth in Kuwait.

Member: Never thought we all still be waiting and waiting and waiting all this time for the RV to go but then again, they don't care

MZ: Our regular article from Saleh: “ Advisor to the Prime Minister: Monetary Policy has succeeded in stabilizing prices and curbing inflation”  He says “We are in great shape.”

Member: I bet Saleh had black hair when I bought my dinar

MZ: “Banning 18 Islamic banks from dealing in dollars-liquidation is looming” These are the same banks associated with financing terrorist groups. So is it Islamic banks being singled out – or support of terrorism being singled out? I think its part of a world wide cleanup effort.

MZ: I think this one is important. “A security source revealed Tuesday the determination of the International coalition withdrawal from Ain-A-Assad base from Anbar province”  Trump has said all along that we will leave when we are paid. Now they are leaving???? 

MZ: I believe things are much further advanced than the press is reporting

MZ: This one makes me feel good about where we are at: “ TIR system: Iraq is a highway from Turkey to the Gulf”  this is part of the development road project connecting the east to the west.

Member: I wonder- when do the Vietnamese new tariff trade agreements and thus new rate go into affect?

Member: With the new trade deal with Vietnam they should just go alone and take the lead

Member: any news from Bonds or groups today?

MZ: I do know a couple folks that have some bond update appointments today and I am hopeful it will give us a better idea where we are? Seems like much of it is misdirection.

Member: Frank's JPM Story...A guy went in for a meeting with Fin Adv. wasn't getting anywhere. Plopped down a brick of Dinar...The VP of Wealth mgmt was called. They have an appt today.

Member: We’re in a proverbial “escape room” looking for the clues together!

Member: Will we have Christmas in July or December?

Member: When this is all said and done and we are on the other side of this shift I vote to remove the word “soon” from the English language going forward!!

Member:  They have always said there would be confusion right before this happens—hope that is where we are

Member: Just before the end of a movie the twists and turns increase and then boom

Member: happy Birthday to everyone celebrating and have a great day everyone.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:    https://www.youtube.com/watch?v=1uByIZhyLHk

News, Rumors and Opinions Tuesday 7-8-2025

The Old Pretender: Hyperinflation will be Terminated by a New Gold Standard

7-8-2025

This is why the BRICS are Insulating themselves from the US dollar system by building their own (#gold-based) monetary infrastructure.

Bloomberg:  BREAKING: President Donald Trump said he would put an additional 10% tariff on any country aligning themselves with “the Anti-American policies of BRICS,” injecting further uncertainty as the US continues to negotiate levies with trading partners

A good, brief explainer of the new BRICS #gold-based monetary system that is being quietly constructed without publicity.

Note that uses the blockchain to transfer ownership without physically moving the #gold, just like @KinesisMonetary

https://youtu.be/SV-jpJqDX7c

Trump must know these threats are motivating more countries to join the new BRICS #gold-based monetary system.

Question is, will the US apply punishment tariffs on US states that have anti-fiat dollar sound money policies?

BMGGroup:  States are quietly advancing #SoundMoney—tax-free gold, silver, and transparency laws are gaining ground. https://bit.ly/3XYZ624 #Gold #Silver #HardAssets #PreciousMetals

This helps solve the puzzle. Tariffs push more countries to de-dollarize, which adds to the inflation created by the BBB. The debt then gets hyperinflated away, before the hyperinflation is terminated on 4th July 2026 by the launch of a new #gold standard.

Going Underground:  ‘If BRICS de-dollarisation succeeds, it would be DEVASTATING for the US economy’ -Former Member of the British Parliament Andrew Bridgen on the latest episode of Going Underground FULL INTERVIEW BELOW IN THE REPLIES

https://twitter.com/i/status/1942263397266944008

Trump is already setting up Jerome Powell as the fall guy to take the blame for the hyperinflation about to hit. But Powell will get paid handsomely to play that role.

This headline should more accurately read: “De-dollarization: BRICS leaders propose switching on alternative payment system to SWIFT”

https://www.brasildefato.com.br/2025/07/07/de-dollarization-brics-leaders-propose-creating-an-alternative-payment-system-to-swift

Source(s):   https://x.com/Dioclet54046121/status/1942134999421014411

https://dinarchronicles.com/2025/07/08/the-old-pretender-hyperinflation-will-be-terminated-by-a-new-gold-standard/

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

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

Mnt Goat    Ali Al-Alaq in the CBI is working towards the monetary reform, we have the prime minister Al-Sudani working his magic in the direction of economic reform and his “pet” project of industrial cities. Article:  “IRAQ PLANS TO RECEIVE 4 MILLION CONTAINERS ANNUALLY AT UMM QASR PORT.” WOW!...Umm Qasr Port in Basra is undergoing rapid development...Iraq is going to be a “clearing house” for the middle east. This means shipment from all over the world will land in Iraq and they be distributed to other countries. This means massive tariff and customs fees for Iraq...

Frank26  Isn't the goal for the Iraqi dinar to be digital? Yes, check it off the list.  Isn't the goal for the Iraqi dinar to have purchasing power?  Yes.  Check it off the list. 'No. No. No. Wait. Stop. No Frank no.  You can't check that off the list!'  What if I prove to you it's not 1310 anymore?  What would you say?  I think you should say something's happening to the exchange rate.  The American dollar is being removed out of Iraq.  In doing so the value of the Iraqi dinar is going up. 

FRANK26….7-7-25….ALOHA…..

https://www.youtube.com/watch?v=GZ1rhngwIyc

Western Media Won’t Show You This: BRICS 2025 Summit Declaration

Lena Petrova:  7-7-2025

https://www.youtube.com/watch?v=q1V31teoqYw

Iraq Economic News and Points To Ponder Tuesday Morning 7-8-25

Al-Mustaqilla Reveals: 30 Iraqi Banks No Longer Deal In Dollars!
 
Al-Mustaqilla publishes the full list: Banks banned from receiving dollars by order of the Central Bank.
 
July 7, 2025 Last updated: July 7, 2025  Al-Mustaqilla/- Al-Mustaqilla today obtained an updated list of licensed private banks in Iraq that have been banned from dealing in dollars by the Central Bank of Iraq.
 
This decision comes amidst uncertainty and the lack of official confirmation of the precise reasons that prompted the bank to ban these banks from dollar trading.

It is speculated that these banks are linked to US sanctions and other financial oversight concerns.

Banks prohibited from dealing in dollars
 
According to the official website of the Central Bank of Iraq,
the list included the following banks:
 
    Middle East Iraqi Investment Bank
    Iraqi investment
    Dar Al Salam Investment
    Babylon consumption
    Sumer Commercial
    Mosul Development and Investment
    Iraqi Federation
    Ashur International Investment
    Across Iraq for Investment
    Guidance
    Erbil Investment and Finance
    Hammurabi's Commercial Code
    Elaph Islamic
    Kurdistan International Islamic Investment and Development
    Islamic Cooperation for Investment (under liquidation, prohibited from dealing in dollars)
    Islamic Giving for Investment and Finance
    Islamic Investment and Finance Advisor
    Islamic World Investment and Finance
    South Islamic Investment and Finance
    Islamic Arabic
    Noor Al Iraq Islamic Investment and Finance
    Zain Iraq Islamic Investment and Finance
    International Islamic
    Islamic Finance Holding Company
    Al Ansari Islamic Investment and Finance
    International Islamic Trust
    Al Rajhi Islamic
    Islamic Paper for Investment and Finance
    Asia Iraq Islamic Investment and Finance
    Islamic Spectrum for Investment and Finance
    Islamic money for investment

Possible reasons for ban
 
To date, the Central Bank of Iraq has not issued an official statement detailing the reasons for banning these banks from dealing in dollars.

However, financial sources and banking sector observers point to the possibility of a  link between this decision and US or international sanctions on some of these institutions,
 
in addition to potential violations related to: money launderingsmuggling hard currency illegal transfers
    Failure to comply with financial compliance and banking oversight standards
 
The repercussions of the decision on the Iraqi economy
 
This ban comes at a time when the Iraqi economy is suffering from several pressures, including the  decline in the value of the Iraqi dinar and   fluctuating dollar prices in the local market, which could lead to: The  complexity of transactions for companies and individuals dealing with these banks.

 Increased demand on the black market for dollar exchange,  with the accompanying financial risks. Undermining confidence in the local banking system,   especially among private banks facing the threat of sanctions.
 
Calls for more transparency
 
Economists believe the Central Bank of Iraq should issue a  transparent statement explaining the true reasons behind these decisions, along with a clear plan to address the financial issues related to the banks in question.
 
Some MPs have also called for the formation of a parliamentary investigation committee to monitor the violating banks and  ensure the protection of citizens' funds.
 
in conclusion
 
All eyes are on the Central Bank of Iraq's next steps regarding banks banned from dealing in dollars.
 
 Will additional sanctions be imposed, or  are these merely temporary measures to regulate the market and improve financial oversight?  What impact will this have on the stability of the banking system and the Iraqi economy in general?  
  
https://mustaqila.com/المستقلة-تكشف-30-مصرفًا-عراقيًا-خارج-ال/

Inflation In Iraq Has Declined And Its Gold Reserves Have Increased. Expert Explains
 
Time: 2025/07/07 21:23:08 Read: 825 times  {economic: Al-Furat News} Iraq recorded a noticeable decline in the inflation rate  in conjunction with the rise in its gold reserves during the first quarter of 2025, in financial and monetary indicators described as positive despite the challenges posed by oil price fluctuations.
 
Financial expert Salah Nouri explained in a statement to {Al-Furat News} that:
 
"The decline in the inflation rate is due to a group of factors, most notably the policy of the Central Bank of Iraq in     controlling the supply of cash for circulation, in addition to  regulating borrowing to finance the private sector at limited rates that contribute to  revitalizing the economy without causing a cash surplus". 

He added, "The decline in global commodity prices had a direct impact, given Iraq's heavy reliance on imports to meet its needs for goods and merchandise,  which was reflected in a reduction in local price levels."
 
As for the increase in gold reserves, the expert attributed it to the Central Bank's policy of diversifying investment instruments   by balancing debt securities in dollars with the purchase of gold,  which is a safe store of value.

According to him  He stressed that "these policies aim to support and enhance the Central Bank's reserves within its monetary policy orientations." 
 
In the same context, Nouri warned of
"the negative effects of the decline in the prices of exported oil,
     which came as a result of OPEC Plus' decisions to increase production,
     which may reflect negatively on the state's general revenues and
          thus on the implementation of the operational and investment budget items". 

He pointed out that  "the Federal Ministry of Finance has two options in light of this decline: either reduce spending to maintain the deficit rate specified in the budget,  or continue spending and increase the deficit,   which will force the government to resort to internal borrowing".

The expert said, "This challenge is directly related to fiscal policy, which requires a careful balance between spending and revenues."
 
According to an official report issued by the Central Bank of Iraq, the
Iraqi economy witnessed significant shifts in monetary indicators during the first quarter of 2025.
 
Inflation fell by 21%, while money transfers abroad fell by 0.6%, indicating a relative improvement in the monetary balance and liquidity control.
 
The report, which covered the months of January, February and March, also showed a significant increase in the value of Iraq's gold reserves, rising from 17.8 trillion dinars to 21.2 trillion dinars,  reflecting the Central Bank's reliance on a policy of  diversifying assets and  enhancing safe havens   to protect cash reserves in light of global market fluctuations.
  
https://alforatnews.iq/news/تراجع-نسبة-التضخم-في-العراق-وارتفاع-احتياطه-من-الذهب-خبير-يوضح 

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

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

Good Morning Dinar Recaps,

Ripple CEO Brad Garlinghouse to Testify at Senate Hearing, Urges Clear Crypto Rules

Brad Garlinghouse to Testify Before U.S. Senate on July 9

Ripple CEO Brad Garlinghouse is set to appear before the U.S. Senate Banking Committee on July 9, where he will urge lawmakers to adopt clear, fair, and strong crypto regulations. This will be Garlinghouse’s first testimony before the committee, signaling a pivotal moment in the industry’s ongoing call for legal clarity.

Garlinghouse: “Strong but Fair Rules” Are Key

In a recent announcement, Garlinghouse said he is “honored to speak directly to lawmakers” about the urgent need for clear digital asset laws in the U.S. He thanked Senators Tim Scott, Cynthia Lummis, and Ruben Gallego for advancing legislation that supports innovation while protecting consumers.

“We need smart rules that protect people without killing innovation,” he noted.

For years, Ripple and other crypto firms have asked Congress to clarify how digital assets are classified—specifically, which are treated as securities regulated by the SEC, and which are commodities overseen by the CFTC. The current lack of clarity has led to legal disputes, enforcement confusion, and regulatory overlap.

Key Legislation on the Table

The hearing comes at a critical time. Congress is now reviewing three major crypto-related bills:

• The CLARITY Act – Aims to define whether digital assets fall under SEC or CFTC jurisdiction.

• The GENIUS Act – Addresses stablecoin standards and regulatory oversight.

• The Anti-CBDC Surveillance State Act – Seeks to restrict surveillance mechanisms tied to central bank digital currencies (CBDCs).

Among them, the CLARITY Act stands out. Senator Tim Scott has suggested it could be passed as early as October, depending on bipartisan support. If passed, it could significantly reduce regulatory uncertainty for crypto developers, brokers, and exchanges.

Who Else Is Testifying?

Garlinghouse will join a panel of prominent figures in the crypto and policy sectors, including:

• Jonathan Levin, CEO of Chainalysis

• Summer Mersinger, CEO of the Blockchain Association

• A top Harvard legal expert on digital finance

Together, they aim to present a united case for establishing sensible regulatory frameworks that ensure the U.S. remains a leader in blockchain innovation.

“With clear rules, crypto companies can keep building—and investors can feel confident,” one panelist is expected to say.

The Stakes for the Crypto Industry

This hearing marks a turning point. For industry leaders, congressional inaction is no longer an option. As regulatory ambiguity continues to push innovation offshore, executives like Garlinghouse argue that federal clarity is essential for protecting American leadership in the rapidly evolving crypto economy.

With billions of dollars in market value and countless innovation opportunities at stake, July 9 could become a defining moment for U.S. crypto policy.

Summary:

• Ripple CEO Brad Garlinghouse to testify before Senate Banking Committee on July 9.

• Will push for strong but fair crypto rules to clarify SEC/CFTC roles.

• Hearing coincides with review of major legislation: CLARITY, GENIUS, and Anti-CBDC Acts.

• Other speakers include top crypto CEOs and academic experts.

• Senate could pass landmark regulation by October, reshaping the U.S. crypto landscape.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

Ripple Applies for National Banking License as Stablecoin Regulation Accelerates

Ripple Targets OCC Charter to Cement RLUSD Oversight

Ripple has filed an application for a national banking license with the Office of the Comptroller of the Currency (OCC), aiming to elevate the regulatory credibility and oversight of its U.S. dollar-backed stablecoin, RLUSD. The filing was submitted on Wednesday, July 2, according to reporting by The Wall Street Journal.

If approved, Ripple would join a growing class of crypto-native firms seeking national trust bank charters, bringing stablecoin issuance more directly under the dual oversight of federal and state regulators.

“The dual nature of that regulation would basically have set a new bar for transparency and compliance in the stablecoin market,” said Jack McDonald, SVP of Stablecoins at Ripple.

Currently, RLUSD already operates under the jurisdiction of the New York Department of Financial Services (NYDFS). A federal trust bank charter would place RLUSD more squarely within the OCC’s regulatory framework, giving Ripple greater operational latitude and legitimacy in the U.S. financial system.

Ripple Subsidiary Also Seeks Fed Master Account

In a parallel development, Standard Custody & Trust Company, a Ripple subsidiary, filed an application for a Federal Reserve master account on Monday, June 30. If granted, this would allow Ripple to:

• Custody stablecoin reserves directly with the Fed

• Issue and redeem RLUSD outside of standard banking hours

• Streamline operational independence from third-party banks

Such a move would enable Ripple to align more closely with emerging federal standards for stablecoin infrastructure, and to offer enhanced stability and liquidity for users and institutions.

Ripple and Circle Signal New Era of Crypto-Fintech Convergence

Ripple’s application follows a similar move by Circle Internet Group, which also filed on June 30 for a national trust charter. If approved, Circle plans to establish the First National Digital Currency Bank, N.A., a federally chartered entity that would manage the USDC reserve and offer digital asset custody services to institutional clients.

“By applying for a national trust charter, Circle is taking proactive steps to further strengthen our USDC infrastructure,” said Jeremy Allaire, Circle Co-founder and CEO.
“We will align with emerging U.S. regulation for the issuance and operation of dollar-denominated payment stablecoins.”

Circle’s strategic move mirrors Ripple’s efforts and reflects growing readiness among leading crypto firms to embrace full-scale federal oversight—once considered a barrier to innovation.

Institutional Custody and Compliance: The Next Crypto Frontier

As digital asset custody continues to draw attention from both traditional institutions and FinTech platforms, companies like Ripple and Circle are positioning themselves to operate as regulated financial infrastructure providers, not just crypto startups.

A recent PYMNTS report highlighted that these applications show crypto firms are preparing to meet the same supervisory and compliance standards as federally chartered banks—a development that may significantly reshape the crypto regulatory landscape in the U.S.

Summary:

• Ripple files application for national trust bank license with OCC

• Would place RLUSD under dual oversight of OCC and NYDFS

• Subsidiary Standard Custody applies for Federal Reserve master account

• Circle also seeks national charter to launch a trust bank for USDC

• Signals a broader push by crypto firms toward federal integration and institutional-grade compliance

@ Newshounds News™
Source:  PYMNTS

~~~~~~~~~

Worldpay Expands Platform Offering Amid Soaring Embedded Finance Demand

Expansion Reaches Canada, UK, and Deepens Presence in Australia

Worldpay has announced the expansion of its Worldpay for Platforms product into Canada and the United Kingdom, while also extending its reach in Australia, in a move designed to meet the growing demand for embedded finance solutions.

The announcement, made on Tuesday, July 8, marks a strategic pivot as software providers increasingly seek to embed secure and scalable payment services directly into their platforms.

“As business software tools converge into unified experiences, we’re investing in embedded payments to help SaaS providers become the everything platforms for their users,” said Matt Downs, head of Worldpay for Platforms.

“We are committed to serving our current software platforms and new clients in the key geographies where they do business by making embedded solutions easier to integrate and elevating the experiences they provide their users.”

Embedded Finance: Driving a Shift in Digital Commerce

According to PYMNTS, embedded finance is accelerating a larger trend that “moves banking, payments and lending into the non-financial realm.” These solutions allow consumers to access Buy Now, Pay Later (BNPL), credit, and other financial services within apps or digital commerce platforms, transforming smartphones and tablets into full-service commercial gateways.

“These ecosystems keep users engaged while improving the cash flow of businesses and their financial partners,” the report notes.

Embedded Lending Sees Massive Adoption

Recent research by Visa and PYMNTS Intelligence illustrates just how rapidly embedded finance is being adopted:

• 47% of lenders now offer only embedded lending products

• 31% offer a hybrid model combining embedded and traditional lending

• Just 12% of firms offer no embedded options

These figures reflect growing confidence in embedded lending’s ability to expand financial inclusion, increase conversion rates, and tailor financial offerings using real-time data.

Worldpay Eyes Future with Agentic AI Integration

Looking forward, Worldpay is betting big on the next evolution of payments: agentic artificial intelligence (AI). In a recent interview with PYMNTS, Nabil Manji, SVP and Head of FinTech Growth at Worldpay, outlined the company's vision:

“We’re quite bullish on agentic checkout and agentic commerce,” said Manji.
“Payments companies have been using machine learning and AI for years, if not decades. One of the prerequisites for leveraging these tools is a large, rich dataset — and there’s a lot of data in payments and financial services.”

Agentic AI refers to autonomous digital agents capable of planning, reasoning, and executing transactions on behalf of users—ushering in what experts describe as a seismic shift in commerce infrastructure.

Summary:

• Worldpay for Platforms expands into Canada, UK, and Australia

• Responds to surge in demand for embedded finance and payments integration

• Embedded finance enables in-app lending, BNPL, and payments for non-financial businesses

• 47% of lenders now operate using embedded finance models exclusively

• Agentic AI seen as the next frontier in commerce and checkout experiences

@ Newshounds News™
Source:  PYMNTS

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