FRANK26….,8-3-25….ALOHA….SHUT DOWN

KTFA

Sunday Night Video

FRANK26….,8-3-25….ALOHA….SHUT DOWN

Intel starts about minute 7:00

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#

https://www.youtube.com/watch?v=gB81cqUBR2c

Updates on the Financial System, Global Reset, and Currencies for August 2025

Updates on the Financial System, Global Reset, and Currencies for August 2025

Jon Dowling:   8-2-2025

In a recent illuminating podcast conversation with Jon Dowling, esteemed financial expert Lynette Zang offered a profound exploration of the seismic shifts underway in the global financial system.

Her central thesis: the world is witnessing an unprecedented transformation of its monetary foundations, moving away from a traditional fiat system towards something entirely new.

Zang’s deep insights underscore the demise of the current monetary order and the rise of a digital, debt-based alternative, all while emphasizing the enduring importance of “sound money.”

Zang, renowned for her focus on physical gold and silver as stable assets, highlighted their immunity to the inflationary pressures often exerted by governments and central banks. She posits that these precious metals serve as vital safeguards in an economic environment increasingly characterized by currency devaluation.

A critical point of discussion was the recently passed Genius Act. Zang identifies this legislation, which provides a regulatory framework for stablecoins, not merely as a technical update, but as a strategic maneuver to usher in a more digital, debt-driven financial environment.

The underlying implication, she warns, is that this digital transition is designed to mask the inevitable hyperinflation that will accompany the unwinding of the current fiat system. The move towards digital programmable money and corporate-issued stablecoins is a significant step in this direction.

Zang and Dowling dissected the Federal Reserve’s current policies, particularly the decision to hold off on immediate interest rate cuts. This, Zang posits, is part of a larger economic manipulation, playing into the “dying status” of the U.S. dollar.

She introduced the concept of a “melt-up” phase in markets – a period where asset prices experience exponential surges before an inevitable crash. This scenario aligns perfectly, in her view, with the transition to a more controlled, digital financial landscape.

The conversation also touched upon the real estate market, noting a cooling in historically hot areas. Zang drew parallels to past economic crises, predicting a significant shift in housing values in the coming months, which she sees as coinciding with the broader monetary reset.

Perhaps the most eye-opening prediction was the strong likelihood of a substantial gold revaluation, potentially soaring to $15,000–$20,000 per ounce, or even higher.

 Zang views this as a crucial mechanism to address colossal national debts and restore a semblance of fiscal responsibility. Gold, she stressed, remains the ultimate fair measure and store of value, indispensable for any meaningful monetary reform.

Silver, too, is poised for a historic price run, with ongoing physical repatriation and persistent market manipulation being key factors.

The conversation seamlessly transitioned to geopolitical shifts, specifically the rise of the BRICS coalition. Zang highlighted its growing influence in global trade and finance, directly challenging U.S. dollar dominance and fostering a multipolar currency system backed by real assets and commodities.

She reiterated that while all fiat currencies are fundamentally devaluing, gold remains the ultimate currency metal – a foundational truth in a world seeking tangible value.

Interestingly, Zang and Dowling emphasized the importance of inclusivity across different financial communities – cryptocurrency, precious metals, and traditional fiat – to effectively navigate the impending transition.

The discussion also delved into potential political dynamics, including the role of figures like Judy Shelton in advocating for a gold-backed monetary system and the eventual phasing out of the Federal Reserve.

The podcast concluded with a powerful call to action: individuals must prepare, diversify their assets, and educate themselves on these profound shifts.

 Zang highlighted her ongoing educational efforts and community initiatives, all focused on promoting sound money principles and fostering community resilience.

Lynette Zang’s expertise, particularly in precious metals, offers a grounded perspective on how gold and silver remain critical safeguards amidst hyperinflation and currency devaluation.

This extensive conversation with Jon Dowling serves as an essential guide to understanding the seismic shifts occurring in global finance, stressing not only the challenges but also the emerging opportunities for those who are informed and prepared.

https://youtu.be/zvKhCF6KSL0

$132 Billion in Gold Bought... But Who’s Really Buying? | Joseph Cavatoni

 $132 Billion in Gold Bought... But Who’s Really Buying? | Joseph Cavatoni

Kitco News:  8-1-2025

In this Kitco News interview, Cavatoni reveals the sharp decline in U.S. retail gold buying, the surge in Chinese bar and coin demand, and why over 90 tonnes of gold were purchased off-book by unnamed official sector entities.

With ETFs flooding back in, jewelry demand collapsing, and shadow central bank buying accelerating, Cavatoni outlines a gold market that’s strong in value - but fragmented in volume.

Key topics:

– $132B in quarterly gold demand: what's behind the record?

– ETF inflows spike amid macro shock and rate cut bets

– U.S. retail investors disappear, China steps in

– Stealth central bank accumulation: who’s buying and why?

– Jewelry demand plunges in India and China

– Off-market OTC buying and sovereign strategy

– Is gold’s rally built on real demand or speculation?

00:00 Introduction

01:06 Gold Demand Analysis

02:30 Investment and ETF Flows

05:47 Geographic Participation in Gold ETFs

 07:11 Bar and Coin Demand

 09:16 Central Bank Gold Accumulation

11:46 Jewelry Market Trends

14:14 Supply Side and Mining Production

17:23 Conclusion

https://www.youtube.com/watch?v=QviNJ7ZiDm8

**

Iraq Economic News and Points To Ponder Sunday Afternoon 8-3-25

Economist: The Decline In Citizens' Purchasing Power Limits The Rise In The Exchange Rate
 
Time: 08/02/2025 15:27:56 Read: 585 times  {Economic: Al-Furat News} Economic expert Salah Nouri confirmed today, Saturday, that the dollar exchange rates in the parallel market depend primarily  on demand for trade purposes from neighboring  countries. 

He added in a statement by {Al-Furat News} that "demand depends on the purchasing power of the Iraqi citizen, and  currently purchasing power is weak and  the possibility of it continuing due to the financial crisis and the delay in disbursing salaries,  which is a large segment". 

Nouri pointed out that "if the election campaign goes on its correct democratic path without  exploiting public money or the flow of money from abroad, the  price of the dollar will remain in its current state without an excessive rise".      https://alforatnews.iq/news/خبير-اقتصادي-تراجع-القدرة-الشرائية-للمواطن-يحد-من-ارتفاع-سعر-الصرف   

Suspicious Platforms And A Market Without Laws Or Oversight... Cryptocurrencies Are Invading Iraq.
 
Baghdad Today – Baghdad  At a time when the global shift to a digital economy is accelerating,  Iraq is witnessing a significant increase in digital trading and cryptocurrency activity,  amidst the absence of
regulatory legislation and a   legal environment lacking the necessary controls.
 
Warnings of the worsening phenomenon are beginning to mount, especially with the  expansion of unlicensed platforms and the  increasing popular interest in these markets, which are described as complex and high-risk.  Internationally, cryptocurrencies such as  Bitcoin, Ethereum, and  others have become part of the alternative financial ecosystem, used for trading, investments, and even  cross-border transfers.
 
Although many countries have rushed to regulate this sector byenacting strict laws or  adopting regulatory frameworks, Iraq remains a bystander, lacking clear legislation or a regulatory body for this activity.
 
With the increasing use of the internet and digital payment methods,  economic analysts believe that
     Iraqis are gradually entering the world of digital trading through global and local platforms,  many of which lack any official licenses or legal oversight,  exposing users to significant risks.

Speaking to Baghdad Today,  economic affairs expert Nasser Al-Tamimi expressed his concern about the growth of digital trading in Iraq, noting that it has become a real threat on both the financial and social levels.

He said,  "The rapid growth in the number of Iraqi traders, especially  in the absence of legal regulation,   is a dangerous gateway to  financial fraud or even  money laundering."

Al-Tamimi asserts that  "the state cannot remain a spectator  to this ever-expanding digital financial phenomenon  without taking action to establish clear controls and legislation   that protect users' rights and safeguard the national economy."

He points out that some parties may exploit digital currencies as a tool for  smuggling funds or circumventing sanctions,  potentially   exposing the country to international pressure.
 
According to observers, digital trading and cryptocurrencies pose a new challenge to the Iraqi economy, unexpectedly emerging amid a clear legislative vacuum and a risky environment.

While countries around the world are addressing this phenomenon from a precise regulatory and technical perspective,  Iraq still lacks a legal and strategic vision for it. Al-Tamimi noted that
 
the very nature of the digital market,  which is based on sharp and sudden fluctuations, could result in huge losses for unskilled users,  especially with the promotion of a culture of "quick profit" without sufficient awareness of the risks. 

In light of this situation, Al-Tamimi called for the formation of a specialized committee comprising experts from the financial, technical, and legal sectors.
 
This committee would be tasked with  studying the reality of cryptocurrencies in Iraq and offering clear recommendations that would contribute to formulating a balanced legal framework.
 
According to Al-Tamimi, the required framework should "encourage innovation, but at the same time,
     set barriers to abuse and protect society from potential negative repercussions."
 
With the growing number of users and some platforms transforming into centers for collecting unsecured funds,  there is a pressing need for urgent government action to regulate this sector, not only   to protect citizens, but also to  ensure that cryptocurrencies do not become a dangerous loophole in the country's economic and security barrier.    https://baghdadtoday.news/280042-.html   

Iraqis Do Not Trust Banks. More Than 90% Of The Money Supply Is Outside The Banking System. Close Up
 
2025-08-02 02:58  Shafaq News - Baghdad   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 has led many to hoard their money at home, which in turn  eads 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  an important 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.    
  
https://shafaq.com/ar/تقارير-وتحليلات/العراقيون-لا-ي-تمنون-البنوك-كثر-من-90-من-الكتلة-النقدية-خارج-النظام-المصرفي 

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

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 8-3-25

Good Afternoon Dinar Recaps,

Uzbekistan Joins BRICS Without Abandoning the West: A New Template for Strategic Non-Alignment

Uzbekistan’s entry into the BRICS+ partnership network has emerged as a pivotal case study in modern non-alignment diplomacy. At the July 2025 BRICS Summit, the Central Asian republic secured formal partner status—all without severing its existing ties with Western institutions.

This deliberate strategy illustrates how emerging economies can navigate the complex geopolitics of a multipolar world by engaging with BRICS without becoming entangled in bloc politics.

BRICS+ Uzbekistan: A Strategic Partnership Without Full Bloc Commitment

Uzbekistan’s BRICS partnership reflects a nuanced balancing act, one that sidesteps the binary “East vs. West” framing common in geopolitical discourse. As the only Central Asian nation currently participating in both the BRICS+ partner circle and the New Development Bank (NDB), Uzbekistan is crafting a non-alignment model rooted in pragmatic diplomacy.

Key elements of the partnership include:

• A $5 billion investment pipeline from the NDB for infrastructure, irrigation, and mining modernization.

• Retention of strong partnerships with the U.S. (via the C5+1 platform), the European Union, and continued WTO accession efforts.

• Expansion of bilateral ties with China, the Gulf States, and South Korea, alongside BRICS+ engagement.

This approach is what some observers have dubbed “institutional choreography”—weaving diverse global relationships into a stable development strategy while maintaining geopolitical flexibility.

Mounting Pressures on the BRICS Non-Aligned Movement

The viability of this model is not without its geopolitical tests.

Former U.S. President Donald Trump’s proposal of a 10% tariff on countries that “support anti-American BRICS policies” underscores the increasing politicization of global economic affiliations. While Uzbekistan’s BRICS involvement is framed around development, Washington’s perception of BRICS as a challenge to U.S. hegemony complicates the narrative.

Emerging Challenges:

• BRICS’ expansion to include countries like Iran, Egypt, and Ethiopia has sharpened Western scrutiny.

• U.S. policymakers may misinterpret economic cooperation as geopolitical alignment, even when development is the primary driver.

• Uzbekistan must manage the optics of its BRICS+ participation with precision to avoid reputational risks.

Brazilian President Luiz Inácio Lula da Silva recently described BRICS as “the heir of the Non-Aligned Movement”, highlighting both its potential and its limits amid collapsing multilateral frameworks.

A Model for Strategic Autonomy in a Multipolar World

Uzbekistan’s hybrid alignment could become a blueprint for emerging economies seeking to insulate themselves from great power rivalries while pursuing sustainable development.

Countries in Southeast Asia, the Caucasus, and East Africa are reportedly studying the Uzbekistan model, viewing it as a path toward:

• Strategic autonomy without isolation.

• Economic diversification without antagonism.

• Resilience building without bloc dependency.

The key to success lies in what Uzbek diplomats call “proactive communication”—positioning BRICS engagement as complementary to existing partnerships, not a threat to them. This includes:

• Adherence to global standards, including ESG frameworks and rule of law.

• Emphasizing development-first messaging to avoid mischaracterization as siding with any geopolitical bloc.

Conclusion: A BRICS+ Entry That Preserves the West-East Balance

Uzbekistan’s BRICS partnership is not just a bilateral development deal—it is a stress test for non-aligned multipolar diplomacy in the 21st century. By walking the tightrope between global power centers, Tashkent is pioneering a strategy that may reshape how small and mid-sized states pursue inclusive, non-zero-sum foreign policy.

@ Newshounds News™
Source: Watcher.Guru  

~~~~~~~~~

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News, Rumors and Opinions Sunday 8-3-2025

Jon Dowling: Updates on the Great Wealth Transfer and the New System for August 2025

8-2-2025

In a recent enlightening podcast episode, Gregory Mannarino, a seasoned stock market expert with over two decades of experience and a unique background in medicine, delivered a profound and urgent message on the intersecting realities of our financial future, the global economy, and their spiritual implications.

 Mannarino’s insights serve as a vital wake-up call, urging listeners to navigate a rapidly evolving landscape with awareness, faith, and proactive community building.

At the heart of Mannarino’s warning is the alarming development within the global monetary system: the burgeoning privatization of currency.

 He highlights the newly legalized stable coin tokens, now being embraced by corporate giants such as Apple, Walmart, and BlackRock. This shift, Mannarino contends, bypasses fundamental constitutional mandates and central bank oversight, representing a critical threat to economic freedom and personal sovereignty. This centralization of control, he argues, is a significant component of what many refer to as the “deepstate” agenda, designed to intensify control over individuals and economies alike.

According to Mannarino, this move towards privately controlled digital currencies could ensnare populations further into a system of dependency, mirroring the pervasive influence of what he metaphorically refers to as the “Babylonian system.”

 This system, he explains, is a global construct of economic and spiritual corruption that perpetuates an immense transfer of wealth from the masses to an elite 1-2%, fostering societal dependency and spiritual decay.

Mannarino also sheds light on the artificial inflation evident in global stock markets, describing it as an illusion of prosperity fueled by massive debt expansion and relentless government intervention. While these measures might create a facade of economic health, he warns that the real economy continues to deteriorate beneath the surface.

The discussion further delves into significant geopolitical shifts, particularly the rise of the BRICS nations (Brazil, Russia, India, China, South Africa) and their potential impact on global dollar hegemony.

 This shift could have profound ripple effects on commodity markets, especially gold and oil, challenging the long-standing financial order.

These converging factors, Mannarino cautions, heighten the possibility of a significant market crash, leading to the erosion of the middle class and an increasing polarization into a stark two-tier society.

It’s vital, Mannarino stresses, to differentiate between truly decentralized cryptocurrencies and these newly legislated, centralized stable coin tokens.

 While decentralized cryptos can offer a countermeasure to centralized control, the privately controlled stable coin tokens are, in his view, “the worst of the worst” due to their inherent lack of oversight and potential for severe privacy violations. He encourages a careful understanding of these distinctions to avoid inadvertently supporting the very system one aims to circumvent.

Beyond these practical steps, Mannarino places immense emphasis on faith, community alliances, and individual responsibility as the cornerstones for navigating turbulent times. His reflections are deeply rooted in a call to spiritual and practical awakening, urging individuals to become the “light” and “beacon” within their communities.

The podcast concludes with a message of hope grounded firmly in faith, asserting that while the challenges are immense, divine guidance and collective action can illuminate a way forward.

 Gregory Mannarino’s unique blend of deep market expertise, spiritual insight, and grassroots strategy offers invaluable guidance for those seeking to preserve their freedom and integrity in an increasingly complex and controlled economic environment.

https://youtu.be/i7zYXTeVTtE

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

Frank26  Question:  "Do you still believe Sunday to a Monday or do you think it can happen any day?"  It can happen any day but my desire would be a Sunday into a Monday.  The reason why is because Sunday is the first day of their week.  What a perfect time to start it right?  The next day we wake up, there it is bada-bing bada-boom.  We may actually see it but not be able to do anything about it until the next day.

Mnt Goat  Article:  “IRAQI DINAR NEARS OFFICIAL RATE AS MARKET STABILIZES”. ...they are telling us that the decline of the parallel market is not coincidental but a managed series of measures that were taken. They are saying finally, they have control over the dollar... ...why did the CBI have to stabilize the dollar parallel market to match the official CBI rate of the dinar in the first place? They need to do it because currently the dinar is solely pegged to the dollar and these two rates must at least match...If a currency is solely pegged to another currency it must be equal to the that currency. The IMF uses this tactic in many other situations to help stabilize a currency... the CBI has been working  on [this]for the last 20 years...They have finally accomplished their goal and so now they are VERY CLOSE to being able to move on to the next stage...

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

Iraq- Did the Rats Eat 62 Trillion Dinars???

Edu Matrix:  8-2-2025

Iraq- Did the Rats Eat 62 Trillion Dinars #iqd #vnd Exchange Rates In this intriguing video, we dissect the bizarre claim that rats and mice have devoured a staggering 62 trillion Iraqi dinars—approximately $47 billion!

While some reports sensationalize the story, Prime Minister Shia Al-Sudani's advisor has dismissed these rumors as "illogical." Join us as we explore the facts behind this viral sensation, including comparisons to past incidents of cash being destroyed by rodents and the implications this has on Iraq's economy.

Get ready for an insightful discussion on the ongoing corruption in Iraq, tracing back to infamous scandals involving top officials.

https://www.youtube.com/watch?v=LKaWrlGm8Ms

MilitiaMan and Crew: Iraq Dinar News- Economic Developments-Impact

MilitiaMan and Crew:  Iraq Dinar News- Economic Developments-Impact

8-2-2025

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

In this exciting new video, we get into the latest significant developments in Iraq's economy and how they impact the Iraqi dinar. From the recent reduction of tariffs by the USA to groundbreaking infrastructure projects, we cover it all!

 Topics Covered:

Iraqi Dinar Insights: An overview of the current state of the dinar and what recent changes mean for investors and the economy.

 USA Reduces Tariffs on Iraq: Learn how this decision is poised to boost trade relations and open new avenues for economic growth.

Development Road Opens New Energy Agreement: Discover the implications of this new roadway and how it facilitates international partnerships in the energy sector.

 First Oil Export Tanker Docks in Iraqi Waters: We’ll discuss the significance of this milestone for Iraq's oil exports and what it means for the Iraq heading into the global energy market.

 Issuance of the Iraqi Journal of Facts-Gazette (4833): Get some insights into this important publication and how it aims to show at least two components that likely will impact the Iraqi dinar on the Legal and Central Bank side.

Join us as we explore these pivotal moments that shape Iraq's future and the potential impact on the Iraqi dinar.

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

Bruce’s Big Call Dinar Intel Thursday Night 7-31-25

Bruce’s Big Call Dinar Intel Thursday Night 7-31-25  

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Thursday, July 31st  the last day in July, and we're happy that you've joined us. Welcome and thank you for joining us here on the big call tonight.

 All right, let's get into the Intel portion of our call tonight.

All right, here's what we’ve got to do. I want to clarify a couple of things that I might have said quickly, that I want to slow down and go back over so everybody understands. We understood that there was, and may still be, a rate on the dinar at banks. And I've heard what it is. I haven't seen 10, but I've seen a little over nine at the bank.

Now we also heard that we know that there is a contract rate at the redemption centers that is not available at the banks and never will be - the redemption centers had the deal that President Trump put in place so that Dinar holders could get a very high value.

And I mentioned that it was approximately 9 times higher than the bank rate that was out there as of Tuesday,  that was around 10  and I said this rate that we know, and it was a little bit over nine times that rate at the redemption center.

Now, you guys know I'm not really supposed to talk much about rates, and I don't usually do it in this case, I wanted to clarify the reason to use the toll free number when we get it and call to set up your appointment for the redemption center, even if all you have is Dinar.

I mean, you could have dinar, you could have Dong, you might have zim, you might have rupiah, you might have Afghani, you might have Bolivar, which is Venezuelan Bolivar, named after Simone Bolivar, I think, and, and I just think, you know, you're going to be so much better off with the rates. And I know right now we've got the Forex not showing the dinar as of today.

Now, today is Thursday. We're hearing it's supposed to adjust on Sunday, when the Forex reopens again after being closed for 48 hours due to several accounts. So in other words, tomorrow, at about five, the Forex shuts down for 48 hours, comes back up Sunday at 5pm Eastern, that's been the way it's happened for a long time, many years. So it's a way for them to settle accounts during that time.

But we are understanding from our source, as sources, that we're going to have a new rate on the dinar after the Forex reopen, Sunday evening. Okay, good. I said we want that. We probably won't know about it until Monday, and would be reflected at Banks – tjjey would have a rate and redemption centers would have a rate, just a normal front screen rate.

So I don't really consider myself too much with the front screen rate at the redemption center, I know I've got a contract that they're going to offer to me, and if they don't offer it to me, I can politely ask them for it, and they're supposed to give it to us, even if we're zim holders - okay? And I know where those in a dwarf the dinar, unless you got semi trailer full, okay? And it will. It will do that absolutely.

But here's the thing, Trump wants you to get the most that you can for your currency. Now let's talk about something about currencies, or let's talk about President Trump for a second. Today, he instituted again national fitness test to come back into play in schools.

And   I don't remember ever having taken that when I was in elementary, junior high or high school, but it was probably a thing. But somehow we didn't do it. You know, I knew I could get at least 14 pull ups and that and I could climb the rope -  I can run a 50 yard dash -  that's part of it -  what else?  probably got a number of different a mile run – we did that we did. I remember doing all that thought it was part of PE – I did not get a certificate, or a participation ribbon , or participating in it,  He is re-instituting that.

That's fantastic. We need that physically strong – physically fit again. I mean, Sue is the most fit person I know, you know, and so, and I'm going to catch up to her. I got a long way to go, but I'll catch up for I think maybe, maybe I'll never catch but I'm going to have fun trying. And this is a thing she plays. I play  - other people I know  play and so it's going to be really good.

That's a great sport, by the way. It takes, it takes a while to master, but once you get there, it's excellent. It's a lot of fun. Okay, so I'm really excited he has put that back in play, very smart and goes along really well with the nutrition and with proper diet, exercise and sleep, all of that super important as to create a healthy lifestyle.

So beyond that, let's talk about, I wanted to talk about what else might have been said that wasn't really properly understood, but it wasn't I can't think of it right now, Sue if you're listening and you can think of the other thing that I might have glossed over unless I get a revelation of it. I'm not sure what it was, but there was something Sue and I talked about earlier today that maybe I should regress. I can't quite think of it, so let's go to this way in the meantime.

You guys know that I said, I get nervous when we get closer. You know? I said on Tuesday, we were looking to get notified  today or tomorrow, I believe. And you know, we're right smack against – here we are on Thursday, the 31st the last day of July. And you know what? We don't have numbers, but you realize, remember, guys, I said something about a major meeting that was held and had a lot of the key people involved, and the people were going to be they'd be done Tuesday night.

That was true, and then we also heard that from the meeting came a timeline that I think we can go with. My goal in getting Intel out to you guys is to try to give you the best, most accurate intel that I'm receiving, usually two, three or more sources, and some of it agrees, and some of it disagrees slightly, but I think we're pretty much on the same page now, because we Do have contacts that are working with Treasury.

And look at the Secretary of the Treasury, Scott Bessent, or Bessent, as I like to call him, Scott Bessent. And they determined that we're getting started. Everybody talked about the first meeting tomorrow, Friday. We're supposed to get notifications sometime between tomorrow and Monday morning, with exchanges beginning Monday afternoon

Now, Monday is the fourth of August. Tomorrow is the first so we could get notified – my gut  is saying tomorrow, but I think it will be over the weekend, and it might not be until Sunday night or Monday morning. So don't despair if you don't get a notification by then. But I'm told that we should start exchanges Monday afternoon.

Other words, we get the number, we call the call center to set up our appointment starting Monday afternoon, and then go through Monday, Tuesday, whatever day that you time slot, go ahead and get your exchange.

Okay, that's being that's what we've heard today, from more than one or two sources appear to be on the money .  A day more than one or two, so they appear to be on the money.

The other thing is  that's really important for us. That President Trump talked about yesterday and today was the possibility of a “tariff rebate”. Now previously I refer to this as a DOGE check. The president has retermed it. Tariff Rebate Check. Tariff Rebate Check.

Now, my understanding, and it may still be, may still hold up - people on Social Security in the age group of 62 and above. Some people are as early as 62 taking a Social Security benefits early. So from 62 and above. If you're on social security now, you will get, my understanding is you'll be getting this Tariff Rebate Check, quote, unquote, as a direct deposit into your bank account where you receive your social Okay, so let's see how that happens  and that is supposed to start tomorrow, the first, Saturday, the second, and Sunday the third.

And it's based on age the oldest at first. It might also be alphabetical in terms of the first last letter of your last the first letter of your last name, the early of the alphabet, or middle of the alphabet or end of the alphabet, but we're going to see that.

I mean, that could change, that it's fluid, and it may have to do with the last four digits of your social security number, which I don't know how that's going to enter in. But point is, they're planning to put those out as direct deposits, Friday, Saturday and Sunday.

Now, in addition to that, let's say you're 60 or whatever, and you don't you're not on Social Security yet, or you're 50 or 55 and you're not on social what are they going to do for you, and we're going to start at the ripe young age of 28  - 28 year olds and above are supposed to be able to receive this Tariff Rebate Check in a certified letter that is delivered to you where you reside, and you'll get this and have to prove up with total ID who you are and that you're a US citizen. These are not for non citizens.

These are for US citizens. Okay, so that's going to go out also, starting tomorrow, by certified check, certified mail, where you sign for it, but you got a pony up ID to show that you're a citizen and that you live at that address before you get the envelope with the check, it should be US Treasury checks, and they've already been printed. They've already got it ready to go, and so that's going to theoretically start tomorrow

Now the fact that the President Trump said he might, or they might put out these. That's a pretty good indicator their gone - We've got it going. It's coming out, I’ve heard from several sources that it's supposed to start tomorrow, and it's supposed to and Sunday. I don't know. They may deliver on Sunday for all I know, but we'll see.

We'll see, but that's going to be exciting. And these are checks, some of which the larger ones for the older folks are substantial, and they're really, really supposed to be really something. And maybe 28 to 30 year olds might not be that high, but everybody's gonna enjoy that.

All right, that's your DOGE -  Called, those really now known as Tariff Rebate Checks. And in the case of Social Security recipients that are currently on Social Security tariff rebate, direct deposits, is what I'm hearing. But we'll see, see how they come out.

All right, let's see what else see. What did you ever get in Okay, not quite sure what the other point I was I wanted to re make – I can’t bring it up right this minute. I wanted you guys to realize the  benefit of using the redemption center.

Now, I know this much we heard this today,  they are waiting to get the value or the rate on the Dong up another dollar, or $1 and a quarter for where it is now - that's something we can look forward to. Should be a really good deal.  It should be great and I think we're going to be pretty happy with the rates that we see at the redemption centers

Obviously, the Zim is still hanging in there, one for one, with our USN, and I think that's going to be great. You know, if you're a Zim holder, you're going to be in good shape.

Med beds. --  I told you guys before each person that goes into the med bed has the ability to list six people on a list to give to them. And when you go into the med bed for your appointment, you can have six people that you can refer with name and phone number should get it done.

 I don't think you have to go into conditions  but  If it's really dire, you might want to let them know. Hey, this guy that's got this going on, and it's a very dire sequence circumstance, we want to make sure he gets in there right away, and I'm going to do that when I go in.

So I'm looking forward to that, trying to think if there's anything else needed to be said, guys, I think we’re looking very good, but we are looking good starting for exchanges to begin, from my understanding, the afternoon of Monday the fourth of August, Monday the fourth, tomorrow's the first, and we know we're going to start looking for those rebate checks in the certified mail, and we're also going to be looking for those direct deposits if you're on social security now through the weekend.

All right, anything else? Let's see nothing else that I can think of right now that's pertinent to us.

So remember, we are going to post the toll free number when we get it on our website, big call universe.com and if you want to register your email, please do so

All right, well, that's what I had to say tonight. Will we have another call Tuesday? I think we will, but it probably be a celebration call. I hope so. I really do hope it is, but let's see what happens over the weekend. We've got a lot going on with these tariff rebate checks going out, and the direct deposit went on.

And you know, we should get our notifications for Wells Fargo over the weekend or by Monday morning, is what I'm hearing. That's what I'm getting. And we'll see if that happens for better appointments. And off we go and that beds to follow shortly. There dire need those two things if you're that you're up at the top priority wise.

All right, let's do this, you guys. Let's pray the call out, and then we'll turn off the recording - Thank you guys big call universe for listening. We really appreciate you. God bless you. Let's pray out this call,

Well, I'm going to shut her down, everybody. Thank you so much for listening, and we'll talk to you on Tuesday at this point. Okay, everybody, have a great weekend. God Bless You

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

Economist: Declining Purchasing Power Limits The Rise In The Exchange Rate

Time: 2025/08/02 Reading: 435 times  {Economic: Al Furat News} Economic expert Salah Nouri confirmed on Saturday that the dollar exchange rate on the parallel market depends primarily on trade demand from neighboring countries.

He added in a statement to Al Furat News that "demand depends on the purchasing power of the Iraqi citizen. Currently, purchasing power is weak and is likely to continue due to the financial crisis and delays in salary disbursements, which is a large segment."

Nouri pointed out that "if the election campaign proceeds along the correct democratic path, without exploiting public funds or influx of foreign funds, the dollar's value will remain at its current level without excessive increases."  LINK

The Dollar Exchange Rate Remains Stable In Baghdad.

Economy |  02/08/2025  Mawazine News - Baghdad -  The dollar exchange rate stabilized on Saturday at the Baghdad Stock Exchange and money exchanges. The dollar exchange rate was recorded at 140,000 dinars for every $100 in morning trading at the main stock exchange in the capital, Baghdad.  The exchange rate in local markets in Baghdad reached 141,000 dinars for sale, while the purchase price reached 139,000 dinars.   https://www.mawazin.net/Details.aspx?jimare=264498

Basra Crude Records Weekly Gains

Time: 2025/08/02 09:01:02 Reading: 435 times  {Economic: Al Furat News} Basra crude oil posted weekly gains, despite the decline in global oil prices at the end of the week's trading.

Basra Heavy crude closed its last session on Friday down $1.80, reaching $69.28, but posted weekly gains of $1.85, or 2.75%.

Basra Medium crude closed its last session with a similar decline of $1.80, settling at $72.33, but recorded weekly gains of $1.85, or 2.62%.

Global oil prices fell at settlement amid expectations of increased OPEC production and the potential impact of new US tariffs, which could undermine economic activity and reduce global energy demand.

Brent crude posted weekly gains of about 4.9%, while West Texas Intermediate crude gained 6.4%. LINK

Al-Sudani: Baiji Will Be An Important Industrial Oil City That Represents One Of The Pillars Of The Iraqi Economy.

Saturday, August 2, 2025 | Economic Number of reads: 316  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed: "Baiji will be an important industrial oil city that represents one of the pillars of the Iraqi economy."

The Prime Minister said during the inauguration of the fat refinery in Baiji: "Rehabilitating the refinery was not easy, because it consists of units with modern technology and supporting industrial units, and it was restarted with the energy and capacity of national effort."

He added: "The rehabilitation of the refinery was carried out with all its production lines and at the same level at which it was established by foreign companies."

Al-Sudani stressed that: "We have national competencies capable of achieving accomplishments and implementing projects that were previously the preserve of foreign companies."

He explained: "The economic dimension is always present, and to a large extent, in the priorities for implementing government projects.

" Al-Sudani continued, saying: "By rehabilitating this refinery, and other refineries and facilities, we will reach the export stage after covering the needs of the local market."

He pointed out: "The sectors contributing to the economy represent a priority in economic reform, so the contribution rate increased from 7% to 14%."

The Prime Minister explained: "The government has been able to achieve optimal investment in the oil and gas sector to meet the market's needs for petroleum products."  He concluded by saying: "Our vision for the oil sector is comprehensive, from Basra to Nineveh." /End https://ninanews.com/Website/News/Details?key=1244188

A Security Conference Discusses Preparations And Capacity Building For Upcoming National Challenges.

Saturday, August 2, 2025, | Number of reads: 171  Baghdad / NINA / The Deputy Commander of Joint Operations, Lieutenant General Qais Al-Muhammadawi, held an expanded security conference via closed-circuit television on Saturday, with the participation of a number of operations and axes commanders, and in the presence of the Commander of the Land Forces, the Director of Military Intelligence, and the Joint Operations Command Staff.

The Joint Operations Command said in a statement, "During the conference, an extensive discussion took place on current and future military and security plans, with a focus on mechanisms for operational reopening in areas of responsibility and confronting challenges."

The statement added, "The conference discussed ways to enhance the readiness of the forces and the importance of high coordination between the various formations to carry out duties with high efficiency and professionalism.

" It indicated that "the Deputy Commander of Joint Operations directed, at the conclusion of the conference, a set of recommendations, including specific timings and distribution of responsibilities, with an emphasis on reviewing plans in line with current challenges, the mechanism for coordination with neighboring commands, and dealing with intelligence information, as well as discussing preparations and capacity building to face upcoming national entitlements." LINK

Parliamentary Economy Committee: We Refuse To Vote On This Agreement. We Proposed A Package Of Comments Before Presenting It To Parliament.

Saturday, August 2, 2025, | Economic Number of reads: 182  Baghdad / NINA / The Parliamentary Committee on Economy, Industry and Trade announced the collection of signatures to reconsider the draft law ratifying the afforestation and mutual protection of investment agreement between the governments of the Republic of Iraq and the Kingdom of Saudi Arabia.

The Parliament Presidency also demanded that the vote on the agreement be postponed and that it be returned to the Council of Ministers for approval first, before proceeding with its submission to Parliament.

The committee's deputy chairman, Yasser Al-Husseini, said in a joint press conference on Saturday that "this agreement was not discussed or presented to the committee, and its opinion was not taken into account at all. Therefore, we collected signatures to demand that the Presidency hold workshops with legal and economic specialists and representatives of government agencies to determine the feasibility of passing this agreement, amending it, or proceeding with ratification or not."

In turn, MP Saud Al-Saadi said, "We noted that the Parliamentary Foreign Relations Committee did not send a photocopy of the draft law, nor did it send the committee's special report to the representatives two days before the session, as required by the internal regulations."

He added, "This agreement includes, in Article 9 of Annex A, excessive facilitation for the expropriation of lands and projects in Iraq for the Saudi side, and it also conflicts with the Iraqi Expropriation Law No. 12 of 1981, as amended, and the provisions of other applicable laws."

He continued, "Article 11 of the agreement included exceptions and permissions for financial transfers to Saudi Arabia under the guise of investment without restrictions or conditions, and Article 13 permitted the dispute to be referred to the Arab Court of Arbitration or to resort to international arbitration, which may harm the national interest."

He explained, "We believe it is necessary to stipulate that the dispute regarding the agreement be referred to Iraqi courts, and that investment disputes be subject to the Iraqi judiciary, before resorting to Arab arbitration or international arbitration chambers."

He added, "The current Council of Ministers did not approve this agreement because the draft law was sent to Parliament during the fourth legislative session in 2019, and no new government decision was issued including the consistency of the provisions of this agreement with the ministerial program or not." /End   https://ninanews.com/Website/News/Details?key=1244283

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-3-25

Good Morning Dinar Recaps,

Banks Launch 'Operation Chokepoint 3.0' to Restrict Crypto and Fintech Access

A new wave of financial restrictions targeting crypto and fintech firms may be underway as banks begin rolling out what critics are calling “Operation Chokepoint 3.0.” According to Andreessen Horowitz general partner Alex Rampell, this initiative could significantly undermine access to banking services and consumer data essential for crypto platforms and digital finance startups.

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Rampell: Banks Reviving Chokepoint Tactics with New Fees and Barriers

Rampell warns that while Operation Chokepoint 2.0—an initiative under the Biden administration that sought to deplatform crypto firms—has come to an end, banks are now pursuing a privately driven version that may be even more damaging.

“Now the banks are aiming to implement their own Chokepoint 3.0 — charging insanely high fees to access data or move money to crypto and fintech apps — and, more concerningly, blocking crypto and fintech apps they don’t like,” said Rampell.

At the center of the controversy is the growing effort by major financial institutions to charge fintech and crypto platforms premium fees for accessing customer bank account data—fees that could total hundreds of millions of dollars annually.

JPMorgan Chase Implements Tiered Data Access Fees

Among the first major banks to adopt this model is JPMorgan Chase, which has announced a tiered fee structure for third-party access to customer account data. Higher fees will reportedly apply to payment-focused platforms, which often rely on continuous API access to facilitate real-time transfers.

A Chase spokesperson acknowledged the plan:

“We’ve had productive conversations and are working with the entire ecosystem to ensure we’re all making the necessary investments in the infrastructure that keeps our customers safe.”

Rampell pushed back against this framing, stating that the data in question—such as bank account and routing numbers printed on checks—has long been freely accessible and that charging for it now raises questions about monopolistic behavior.

Fintech & Crypto Platforms Could Face User Attrition

The new fees may disrupt operations at major platforms including Coinbase, Venmo (PayPal), and Robinhood, all of which rely on access to customer banking data to enable deposits, withdrawals, and balance verification.

Rampell emphasized the potential consumer impact:

“If it suddenly costs $10 to move $100 into a Coinbase or Robinhood account, maybe fewer people will do it.”

Such friction, he argues, could lead to a sharp decline in user participation across platforms—especially those targeting younger and cost-sensitive demographics.

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Crypto Advocates Call for Policy Intervention

Rather than seeking new legislation, Rampell believes regulators should intervene to prevent banks from erecting barriers that stifle innovation and restrict consumer choice:

“We don’t need new laws. We need an administration that won’t allow banks to destroy competitive fintech and crypto industries through manipulation.”

FAQs: Understanding Operation Chokepoint 3.0

What is Operation Chokepoint 3.0?
A privately driven effort by banks to restrict crypto and fintech operations by charging excessive data access fees and selectively blocking apps.

How is it different from Operation Chokepoint 2.0?
Version 2.0 focused on government pressure to debank crypto. In contrast, 3.0 involves bank-initiated commercial practices like tiered pricing for account data.

Which companies are most affected?
Platforms like Venmo, Coinbase, and Robinhood could see major user drop-off if added fees discourage asset movement and reduce platform affordability.

@ Newshounds News™
Source:  Coinpedia

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Ripple CTO Proposes XRPL Infrastructure Upgrade as Ledger Surpasses 70M Monthly Transactions

Ripple’s Chief Technology Officer David Schwartz has unveiled plans for a new high-performance XRP Ledger (XRPL) server to enhance infrastructure resilience and analytics. The announcement comes as XRPL achieved a major milestone in July, recording over 70 million transactions—its highest monthly total to date.

CTO David Schwartz Shares Plans for Personal XRPL Server Initiative

In a recent post on X, Schwartz revealed his intent to build and operate a dedicated XRPL production server. Although not an official Ripple initiative, the server would serve the broader XRPL ecosystem by offering reserved connectivity slots for UNL validators and XRPL-linked services.

“This is something I’d be doing independently to support the network. It’s about improving performance monitoring and resiliency, not centralizing control,” Schwartz clarified.

The proposed server setup includes:

• AMD 9950X CPU

• 256 GB RAM

• High-speed NVMe storage

• Unmetered 10GB connection

• Data center hosting in New York City

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Schwartz emphasized that no individual server should be relied upon within XRPL’s decentralized framework. He intends to monitor real-time data flows and network behavior, with minimal interference to existing XRPL operations.

XRPL Ecosystem Sees Record Usage and Developer Momentum

According to Dune Analytics, the XRP Ledger processed over 70 million transactions in July, pushing its all-time count to approximately 3.83 billion transactions. XRPL’s daily average now stands at 1.8 million, reflecting consistent utility across global users.

Additional milestones include:

• Over 1 million new users added in 2025 so far

• 3,000 new wallets created daily

• More than 7 million total XRPL accounts

Growth has also extended to XRPL’s automated market maker (AMM) and decentralized exchange (DEX) systems:

• AMM volume increased 17%, reaching 408 million XRP

• DEX volume rose 21%, totaling 465 million XRP

Cross-Chain Adoption and Stablecoin Expansion Drive Ecosystem Utility

Cross-chain activity on XRPL is accelerating, with over $165 million in assets bridged via Axelar to EVM-compatible blockchains. The launch of an EVM-compatible sidechain on June 30 has already generated significant developer traction—with more than 1,400 smart contracts deployed in the first week.

In addition, the Brazilian real-denominated stablecoin BBRL, issued by BrazaBank on XRPL, saw issuance surge past $4.2 million last month. BBRL now ranks as the second-largest BRL stablecoin, behind Transfero’s BRZ.

These developments underscore XRPL’s growing reputation as a scalable, low-cost global settlement layer—and illustrate the importance of infrastructure investments like those proposed by Schwartz.

XRPL in Numbers – July 2025

Metric Value

Monthly Transactions 70+ million

Total Transactions (All-Time) 3.83 billion

New Wallets per Day 3,000+

AMM Volume 408M XRP (↑17%)

DEX Volume 465M XRP (↑21%)

Stablecoin (BBRL) Issuance $4.2M+

Cross-Chain Asset Transfer $165M+ via Axelar

Smart Contracts (New Sidechain) 1,400+ in first week

As Ripple’s ecosystem expands and developer engagement grows, efforts like Schwartz’s independent infrastructure upgrade highlight the importance of decentralization, transparency, and performance monitoring in supporting XRPL’s next phase of global adoption.

@ Newshounds News™
Source: Coingape

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Uniswap, a16z, and DeFi Allies Urge U.S. Senate to Shield Developers in Upcoming Crypto Market Bill

A coalition of major decentralized finance (DeFi) advocates—including Uniswap Labs, a16z Crypto, and the Solana Policy Institute—is calling on U.S. lawmakers to protect open-source developers and maintain tech-neutrality as Congress shapes the future of digital asset regulation.

Senate Banking Committee Reviews DeFi Protections Under RFIA Draft

The comments were submitted in response to a Request for Information (RFI) issued by the Senate Banking Committee, which is currently reviewing the draft of the Responsible Financial Innovation Act of 2025 (RFIA)—an updated legislative framework first introduced in 2022. The updated version aims to build upon the foundational CLARITY Act, which promotes innovation while preserving consumer protections and financial stability.

The response was filed by the DeFi Education Fund (DEF), a crypto policy nonprofit originally funded by Uniswap. It was co-signed by leading crypto organizations, including:

• a16z Crypto

• Jito Labs

• Jump Crypto

• Paradigm

• Multicoin Capital

• Uniswap Foundation

• Solana Policy Institute

• Variant Fund

Key Policy Recommendations from the DeFi Education Fund

In its official comment, the coalition emphasized four major policy imperatives that should guide Senate legislation:

1. DeFi Developers ≠ Centralized Intermediaries

Lawmakers should make a clear legal distinction between open-source DeFi developers and traditional custodial financial institutions. Developers of non-custodial protocols should not face the same compliance burdens as centralized intermediaries.

2. Technology-Neutral Regulation

Regulations should focus on function, not form—treating traditional and decentralized systems with parity, without favoring one architecture over another.

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3. Clarity on Registration Requirements

The law should clearly define who must register with financial regulators based on their level of control, custodial function, or ability to halt transactions—criteria that many decentralized protocols do not meet.

4. Federal Preemption to Prevent State-Level Weaponization

The DEF warns that without federal preemption, large incumbent financial institutions may exploit state laws to bring litigation or enforcement actions against DeFi protocols—not to protect consumers, but to stifle competition.

“Absent federal preemption, well-resourced traditional financial institutions may exploit the fragmented regulatory landscape by funding or encouraging state-level enforcement actions against DeFi developers — not to protect consumers, but to stifle competition,” the DEF wrote.

Call for Revised FinCEN Guidance in Light of Tornado Cash Case

The DEF also urged the Senate to clarify FinCEN’s existing guidance, which underpins the ongoing trial of Tornado Cash developer Roman Storm. The Department of Justice has charged Storm with violating federal laws by publishing open-source software used by illicit actors.

The coalition argues:

“Rulemaking should reflect that technology which solely consists of non-custodial, non-controlling software shall not be regulated as a financial institution or financial intermediary.”

Storm’s verdict is expected as early as next week, making this debate especially urgent for developers across the DeFi ecosystem.

What’s at Stake for DeFi in the RFIA Bill?

This moment marks a critical inflection point in how U.S. law distinguishes between traditional financial institutions and decentralized technology. The outcome will impact:

• The future legal status of DeFi developers

• The ability to publish open-source code without legal liability

• The competitiveness of U.S.-based DeFi innovation in the global economy

By engaging early in the legislative process, the crypto community hopes to ensure that U.S. digital asset laws foster innovation rather than stifle it.

@ Newshounds News™
 Source: The Block

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Dr. Scott Young: Tariffs to IRS Abolishment to GESARA Comes on August 1?

Dr. Scott Young: Tariffs to IRS Abolishment to GESARA Comes on August 1?

8-1-2025

In this video, Dr. Scott discusses the potential economic and political impacts of tariffs on the United States, particularly focusing on their capacity to generate significant revenue, influence tax policy, and transform the role of the IRS.

He highlights how tariffs could lead to a trillion-dollar increase in government revenue, potentially enabling the government to balance the budget and eliminate income taxes for individuals earning under $150,000 annually—about 85% of Americans.

Dr. Scott references conversations with key political figures, including Howard Lutnik, the Secretary of Commerce and a major advocate for tariffs, who supports the notion that tariff revenue could reduce or even eliminate the IRS’s role.

The video also covers the broader geopolitical trade landscape, noting significant trade deals with countries like Japan, China, Brazil, and various African nations, as well as the potential impact on U.S. manufacturing and exports.

Furthermore, Dr. Scott addresses the role of “dark money” in American politics, explaining how undisclosed political spending influences elections and how this money is used to counteract opposing candidates.

He highlights concerns over transparency and foreign interference linked to dark money, while emphasizing that these tactics are increasingly exposed and challenged.

The video ends with a discussion about the potential transition from tariff-based revenue systems to what he calls “GESARA”—a broader economic reset or restructuring—along with speculation on forthcoming developments around August 1st, which Dr. Scott suggests might be a significant date for America’s economic future.

In conclusion, the video presents tariffs not merely as trade tools but as central elements in a broader economic and political strategy aimed at transforming U.S. fiscal policy, trade relations, and domestic industry.

 It ties these economic shifts to political dynamics, including elecction financing and potential systemic resets, painting a complex picture of how tariffs could reshape America’s future.

https://youtu.be/eQsDkFMHRbg

https://dinarchronicles.com/2025/08/02/dr-scott-young-tariffs-to-irs-abolishment-to-gesara-comes-on-august-1/