It’s Not Glamorous, but This Is How Most Americans Actually Become Millionaires

It’s Not Glamorous, but This Is How Most Americans Actually Become Millionaires

John Csiszar  Sat, August 9, 2025  GOBankingRates

You may be surprised to find out that about 18% of Americans are millionaires, translating to roughly 25 million individuals, according to a report by Wealth Management USA. And while there are plenty of ways to accumulate a seven-digit net worth, some avenues are more common than others.

Many millionaires start their own business or invest in real estate to earn their riches, while others imply inherit the money. But the number one way that Americans become millionaires is actually within reach of average workers, provided they start early and stick to their plan.

Here’s the “boring” path to riches that doesn’t involve starting a business, investing in real estate or inheriting the money.

Consistent Investing

Want the “easy” way to a million dollars? Continually invest on a regular basis.

According to a report from Morningstar, investors who have $1 million or more in their Fidelity 401(k) accounts consistently invest, typically every two weeks or every month. They don’t trade in and out of aggressive investments, like leveraged ETFs, but instead simply sock away their money on a regular basis into their “boring” investments.

What’s the Secret?

There are a number of reasons why consistent investing is the “easy” path to $1 million. First, regularly adding money to your investments regardless of the market environment ensures that you’ll get an average price. You’ll be buying more stock when prices are low and less when prices are high. You won’t be putting all your money in either at the absolute bottom or at the peak — but since the long-term trend of the market is up, getting that “average” price provides a significant return.

Second, by consistently investing in “boring” options like mutual funds, 401(k) funds or high-quality stocks, you won’t be taking on excess risk. With automated contributions coming out of your paycheck or bank account, you won’t get tempted to chase the latest investment fad, a mistake that costs many novice investors their entire bankroll.

As preservation of capital is half the battle when it comes to building wealth, automatically contributing to relatively “boring” investments can help protect your bankroll over the long run.

The third reason why consistent investing works is a simple one. If you continually add money to your account, you’ll have more money in it.

TO READ MORE:  https://www.yahoo.com/finance/news/no-1-way-americans-become-150405344.html

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-10-25

Good Morning Dinar Recaps,

Bo Hines Steps Down from White House Crypto Council, Moves to Private Sector

Washington, D.C. – The U.S. crypto policy landscape is losing one of its most visible leaders. Bo Hines, who rose to head the Presidential Council of Advisers for Digital Assets in late 2024, has announced his departure after less than a year in the role. The move marks a shift for the Trump administration’s push to position the United States as a global blockchain hub, raising questions about whether its momentum can be sustained.

Key Points

• Hines was appointed in December 2024 by President Donald Trump and worked closely with David Sacks to advance U.S. crypto leadership.

• His departure, effective August 9, 2025, is driven by a return to the private sector, though he plans to remain active in supporting the digital asset industry.

• Patrick Witt, the current deputy director, is widely expected to take over, though no official confirmation has been made.

A Short but Impactful Tenure

Hines’ exit comes just weeks after the release of the council’s flagship regulatory report on digital assets. In a statement, he called his time in the role “the honor of a lifetime” and expressed gratitude to the crypto community for its support.

During his tenure, Hines spearheaded several initiatives, including close coordination with the White House’s AI & Crypto Czar, David Sacks. His work was central to the administration’s broader pro-innovation agenda.

Policy Legacy: Ambition Meets Constraints

One of Hines’ hallmark projects was the Strategic Bitcoin Reserve Initiative. Signed into policy by President Trump in January 2025, the plan created a national BTC reserve and crypto stockpile, prohibiting state sales and requiring budget-neutral acquisitions.

To expand reserves, Hines proposed a novel approach: revaluing U.S. gold reserves (currently recorded at $42.22 per ounce versus a spot price around $3,400) and converting part of the updated value into bitcoin. While potentially transformative, the recommendation has yet to be implemented. Critics have also noted the slow pace of BTC accumulation under the plan.

Looking Ahead

Hines leaves behind a mixed legacy—political momentum bolstered by the passage of the Genius Act, but several strategic initiatives remain incomplete. His successor will face the challenge of advancing these policies while navigating regulatory, fiscal, and political hurdles.

Whether under Patrick Witt or another appointee, the future of America’s ambition to lead the global crypto industry will hinge on converting bold proposals into measurable outcomes.

@ Newshounds News™
Source: CoinTribune

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Crypto Debanking Persists Despite Trump’s Pro-Crypto Push

Washington, D.C. – Despite President Donald Trump’s pro-crypto policies and campaign promises, U.S. banks continue to close accounts for crypto firms, a practice widely associated with “Operation Chokepoint.” Industry leaders say the debanking trend remains deeply entrenched, creating significant challenges for the sector.

Key Points

• Ongoing Debanking: U.S. banks are still cutting off crypto companies, often without explanation, despite federal pro-crypto rhetoric.

• Unicoin Impact: Unicoin CEO Alex Konanykhin reports that his company and subsidiaries have been debanked by multiple major banks.

• Potential Policy Shift: President Trump is preparing an executive order to identify and penalize banks engaged in debanking.

• Regulatory Uncertainty: Experts warn that meaningful reform will depend on the final wording of regulations and laws.

A Practice That Won’t Go Away

After Trump’s election, many in the crypto community expected an end to restrictive banking practices. However, recent warnings from industry figures suggest otherwise. Andreessen Horowitz partner Alex Rampell recently described the latest wave of restrictions as “Operation Chokepoint 3.0,” targeting fintech and crypto apps through higher fees and barriers to fund transfers.

Konanykhin confirmed that Unicoin has been impacted first-hand, losing accounts with Citibank, Chase, Wells Fargo, City National Bank of Florida, and TD Bank over the years—four of them in 2025 alone. “This suggests that Chokepoint is a large-scale nationwide operation,” he said, noting that Unicoin is a publicly reporting company with six years of audited financials and over 4,000 shareholders.

Economic Impact on U.S. Crypto

Konanykhin described the debanking campaign as “highly disruptive and damaging,” depriving crypto firms of essential banking services and suppressing U.S. competitiveness in the global digital asset market.

On Thursday, Bloomberg reported that President Trump plans to sign an executive order directing federal banking regulators to identify and penalize institutions engaged in debanking. The order would also require certain banks to reinstate unlawfully denied clients.

Konanykhin expressed optimism:

“The President knows the pain of de-banking first-hand and seems determined to stop this form of economic warfare against American businesses.”

He added that ending the practice could help U.S. crypto achieve global prominence, likening its potential influence to Hollywood in entertainment or Silicon Valley in technology.

The Role of Regulation

While political intent is clear, regulatory outcomes remain uncertain. Elizabeth Blickley, a partner at Fox Rothschild’s Tax Controversy & Litigation Practice, stressed that change will hinge on the final language of rules and laws.

She cited the Genius Act, recently signed into law, which gives the Federal Reserve’s Stablecoin Certification Review Committee 180 days to design a regulatory framework. However, she cautioned that many bills never progress in Congress and that resulting regulations could face legal challenges from multiple fronts.

“A regulation may facially comply with the President’s request or a law passed, yet have little application or disproportionate impacts based solely on word-choice,” Blickley said.

For now, she believes banks will maintain a risk-averse approach toward crypto until new regulations clearly reduce perceived risks:

“It’s all about making risk-averse entities and people feel like crypto is less of a risk.”

@ Newshounds News™
Source: Cointelegraph

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Tether & Circle Now Hold More U.S. Debt Than Several Nations

Two of the world’s largest stablecoin issuers, Tether (USDT) and Circle (USDC), have quietly emerged as major players in the U.S. Treasury market — now holding more U.S. government debt than Germany, South Korea, and the UAE combined.

Fueled by rising global adoption and the recent GENIUS Act, which legitimized stablecoin use, the sector’s total market cap of $270 billion could soar to $2 trillion by 2028. Tether currently holds over $100 billion in Treasury bills, ranking as the 18th-largest holder worldwide, while Circle’s $45–$55 billion portfolio pushes the combined total beyond those of several advanced economies.

Stablecoins, once niche crypto tools, are increasingly integrated into cross-border payments and institutional finance, with transaction volumes already rivaling Visa. Industry experts say their growing demand for U.S. debt could help stabilize Treasury markets and reinforce dollar dominance.

However, skeptics warn of potential financial stability risks if confidence in issuers falters, and banking lobbyists caution about possible impacts on deposits and lending. Still, the emergence of stablecoin issuers as heavyweight U.S. debt buyers marks a pivotal shift — with liquidity power now partly concentrated in the hands of crypto-native institutions.

@ Newshounds News™
Source: BeInCrypto

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MilitiaMan and Crew: Iraq Dinar News- Oil Exports-Government Reforms

MilitiaMan and Crew:  Iraq Dinar News- Oil Exports-Government Reforms

8-9-2025

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

Welcome back to our channel! In today’s video, we dive deep into the current economic landscape of Iraq, focusing on several key developments that are shaping the nation’s future.

Topics Covered:

The Iraqi Dinar: Understanding its value and the implications of recent fluctuations on both local and international markets. Iraq has value to impact them!

Ministry of Planning's New Project: We explore the Ministry of Planning's initiative to link electronic fingerprints, enhancing security and efficiency in public services.

 Fighting corruption inclusive! Oil Exports from the Kurdistan Region: The impact of oil flow through the Ceyhan Pipeline will benefit Iraq, regional partners and most of all the people of Iraq!

Prime Minister Sudani's Commitment: An analysis of Sudani's emphasis on reform and his pledge to combat corruption within government sectors.

Minister of Finance's Salary Resettlement Initiative: Insight into the Minister of Finance's plans to streamline and ensure timely salary payments for public employees. Think Rafidain and Rasheed Banks.

Tensions Over Oil Agreements: We discuss the regional government's accusations of violating oil agreements with Baghdad and the implications for national unity and economic stability.

https://www.youtube.com/watch?v=6Lq2ef4-MGs

Shrinkflation is here and the Economy is Broken: John Rubino

Shrinkflation is here and the Economy is Broken

Liberty and Finance:   8-8-2025

A pivotal moment is unfolding in the precious metals space, according to John Rubino, as outlined in a recent video from Liberty and Finance. Rubino asserts that the long-awaited bull market for mining stocks is finally underway, driven by gold’s dramatic price surge and the strategic actions of key industry players.

Rubino explains that royalty and streaming companies, benefiting immensely from gold’s robust performance, are now flush with cash. This financial windfall is not sitting idle; these powerful entities are aggressively deploying capital into high-leverage deals across the mining sector.

This strategic capital deployment, Rubino asserts, is the definitive signal that the mining stock bull market, anticipated by many for years, has unequivocally begun.

However, Rubino’s insights extend beyond just precious metals, painting a broader picture of economic shifts and looming dangers.

He issues a stark warning about the rising political popularity of government price controls, which he describes as a dangerous form of “shrinkflation on steroids.” Such controls, Rubino argues, are not merely economic interventions but market distortions that inevitably erode quality across the economy, creating a façade of affordability while actual value diminishes.

Underlying these economic trends is a profound erosion of public trust. Rubino highlights a growing disillusionment with traditional institutions, ranging from main stream media to monetary authorities.

As faith wanes in the reliability and integrity of these pillars, individuals and investors are increasingly seeking refuge in tangible wealth.

Rubino points to a clear and accelerating shift into real assets like gold, farmland, and energy, as people fundamentally distrust fiat currencies and the systems backing them. This flight to real assets is a direct consequence of a world grappling with perceived institutional failures and economic uncertainties.

Rubino’s analysis paints a picture of a critical juncture, where a burgeoning bull market in mining stocks plays out against a backdrop of potential economic distortions and a broad flight from traditional financial assets.

For a deeper dive into these vital insights and the implications for your portfolio, viewers are encouraged to watch the full video from Liberty and Finance.

https://youtu.be/jlzFwxPfJ50

News, Rumors and Opinions Saturday 8-9-2025

KTFA:

Clare:  Al-Sudani: Four Iraqi government ministers referred to the judiciary.

8/9/2025

 Prime Minister Mohammed Shia al-Sudani announced on Saturday that four ministers in the current federal government he heads have been referred to the judiciary for proven negligence in their duties.

This came in a speech he delivered during the first conference on government performance evaluation, under the slogan "Performance Evaluation: A Path to Government Reform and Excellence."

In his speech, Al-Sudani said, "Four ministers were referred to the judiciary due to indications and suspicions of corruption that accompanied their performance."

He added, "The investigation was conducted by those ministers, and the negligence and shortcomings were proven. We approved the results of that investigation and sent them to the Integrity Commission, which is now before the judiciary for a decision."

Al-Sudani also complained about partisan quotas in his government, saying: "It is natural for quotas to lead to dysfunction and failure in work."

The conference included the results of the work of the Higher Committee for Performance Evaluation and its subcommittees, which worked to implement the government's program commitment to monitoring and continuing the process of examining and evaluating the performance of officials.   LINK

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Clare:  Al-Sudani: Unfortunately, most political forces have obstructed the process of implementing the ministerial reshuffle.

8/9/2025

Prime Minister Mohammed Shia al-Sudani accused unnamed political forces in the current federal government he heads on Saturday of obstructing a cabinet reshuffle of six ministries.

This came in a speech he delivered during the first conference on government performance evaluation, under the slogan "Performance Evaluation: A Path to Government Reform and Excellence."

In his speech, Al-Sudani said that the evaluation results revealed that six ministries were in need of a ministerial reshuffle, adding: "Our government is a coalition government composed of political forces, and in order to carry out this reshuffle, we must first consult with them. Unfortunately, most political forces opposed the process of carrying out this reshuffle."

He pointed out that the evaluation results for six ministries clearly indicated weak performance, adding that some political blocs had presented far fewer replacements than those presented, in a clear attempt to obstruct this process.  LINK

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Clare:  Al-Sudani reveals the results of the government performance evaluation and emphasizes reform and the fight against corruption.

8/9/2025

Prime Minister Mohammed Shia al-Sudani affirmed on Saturday that the government has made reforming and upgrading state institutions a central goal since the beginning of its work, emphasizing that implementing the government's program cannot be achieved without effective and successful tools.

During a government performance evaluation conference, Al-Sudani indicated that a mechanism has been put in place to evaluate the country's top leadership after the government assumes its duties, without resorting to any hasty decisions.

He explained that a special committee, comprised of university professors and experts, conducted a transparent evaluation of the performance of general managers, advisors, and ministers. He noted that he personally supervised the committee's work.

He added that the committee was committed to ensuring integrity and impartiality in its evaluation, avoiding any bias or capriciousness, and that its report resulted in the dismissal of some officials and the confirmation of others.

The Prime Minister explained that the committee conducted 1,135 evaluations, leading to the dismissal of 41 general managers, and that the process of evaluating officials prompted them to follow up on projects on the ground.

Al-Sudani stated that the evaluation committee recommended including six ministers in the cabinet reshuffle, stressing that the government had not hesitated to implement the cabinet reshuffle included in the government program.

He pointed out that some political forces had proposed replacements of a much lower standard than the ministers who had been evaluated.

The Prime Minister also affirmed that the government addressed indicators of financial and administrative corruption immediately, without waiting for the results of the assessment. He explained that four ministers had been referred to the judiciary due to indicators and suspicions surrounding their performance.

He explained that the negligent parties had been identified, the results of the investigation into the ministers had been approved, and they were being presented to the judiciary.

Al-Sudani stressed that one of the negative indicators of the political process is the quota system in appointing key leaders in ministries.

He called on everyone not to exploit government websites for electoral or political purposes, stressing the government's commitment to implementing reforms and achieving tangible results for citizens.LINK

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

Frank26   When you look at this whole monetary reform, it's an RI (reinstatement) of the value from 2003 but the Minister of Planning and the Minister of Finance back in 2012 were told by the GOI that $3.22 will not be enough due to inflation, you have to add at least 20% to that figure.  That was 2012.  You see why I don't believe in $3.22?  IMO Alaq is planning the truthful seed that your exchange rate outside of Iraq is going to grow past the RI $3.22...[Iraqi citizens] will have purchasing power...These are exciting times.

Mnt Goat   ...substantial increase in the IQD will not happen until the currency of Iraq is once again traded on FOREX and the other global currency exchanges. This is an event that will be a culmination of decades of monetary reforms, events that we have witnessed...  This event of reinstatement is NOT GOING TO HAPPEN unless the US Treasury gives its approval...One of these conditions is to remove the PMF... Popular Mobilization Forces (PMF) law, which empowers armed groups linked to Iran and terrorist organizations from Iraq...This condition is a critical order from the US to Iraq...I believe all us investors in the IQD should be paying lots of attention to what is going on in this area... I assure you this topic is going to be resolved one way or the other, meaning Iraq will remove the PMF from Iraq...or it will suffer severe sanctions and reprimands of all sorts.

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"It's Starting NEXT WEEK! Gold & Silver Prices Will Soar DRAMATICALLY" – Rafi Farber

Finance Log:  8-9-2025

Farber’s analysis focuses not on broad policy trends but on the mechanical architecture of the market, specifically, the repo markets and how they interact with bank funding, brokerage margin debt, and collateralized trading positions.

As reverse repos dry up and available liquidity in the overnight markets tightens, the pressure intensifies on a highly leveraged trading ecosystem.

 If dollar liquidity seizes up even briefly, institutions will be forced to sell securities to cover their exposures. This isn’t theory—it’s how the market is built.

 And once these sales begin, they will spread rapidly across stocks, bonds, and even commodities. That’s where the Federal Reserve comes back in.

Unlike past cycles, the Fed now understands the margin of delay it has before a liquidity freeze becomes a full-blown panic.

 In 2008, intervention took months. In 2019, it took weeks. In 2020, just days. This time, it will be hours.

Once new stimulus floods the system to stabilize funding markets, real assets will respond immediately. Gold will break through resistance levels, moving swiftly as the dollar weakens.

 But it is silver that may exhibit the most extreme price action, benefiting from both monetary revaluation and rising practical utility in a world where trust in fiat currency continues to decline.

https://www.youtube.com/watch?v=ipFw51gT42o

Iraq Economic News and Points To Ponder Saturday Afternoon 8-9-25

Ministry Of Planning: More Than 700 Trillion Dinars Is The Expected Revenue In The Development Plan.

Buratha News Agency  25-08-09  The Ministry of Planning announced, today, Saturday, that the total revenues expected to be achieved during the five-year development plan period 2024-2028 will amount to about (710) trillion dinars, as the official spokesman for the Ministry, Abdul Zahra Al-Hindawi, stated to the official agency, that “the largest proportion of these revenues will come from the oil sector, as it is expected that oil revenues will amount to about (631) trillion dinars, while non-oil revenues are estimated at about (79) trillion dinars.”

Al-Hindawi added, "The five-year plan estimated the investments required to achieve the targeted economic growth rate, which amounts to (4.24%) during its implementation period, at more than (241) trillion dinars," indicating that "the plan will see government sectors contribute about (157) trillion dinars of these investments, compared to (84) trillion dinars representing the contribution of the private sector."

He also explained that "the largest proportion of capital formation will be in the oil sector at 27.4%, followed by the housing ownership sector at 22.5%, then social development services at 20.8%. In contrast, the water and electricity sector will constitute 8.6%, while the share of the manufacturing sector will reach approximately 7.8% of the total planned capital formation."

https://burathanews.com/arabic/economic/463843

Central Bank Governor: We Are Working To Stabilize Prices

August 9, 2025  Central Bank Governor Ali Mohsen Al-Alaq: We are working to stabilize prices and eliminate inflation.

Baghdad - Hakim Al-Shammari  Amid the profound economic transformations Iraq is undergoing, the Central Bank of Iraq is leading the way with major reform initiatives that touch the core of the financial and monetary system. From electronic payments to regulating monetary policy, expanding financial inclusion, and setting new standards for banking governance—all issues are now under the microscope of public opinion and those interested in economic affairs.

As the government begins taking serious steps to reduce reliance on paper money and promote a culture of digital payments, attention is turning to the institution leading this change: the Central Bank of Iraq.

In this extensive interview, the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, opens his office and his vision to discuss the challenges facing the financial system, digitization plans, the fight against monetary corruption, and Iraq's position on the regional and international financial map.

What has changed? Where do the banks stand? How is the fight against speculation and fraud being fought? And what is the future of the Iraqi dinar? We are asking many questions today, awaiting answers as profound as the anticipated transformation.

□ What are the Central Bank of Iraq's priorities in the next phase to maintain the stability of the Iraqi dinar?

The primary objective of central banks is to maintain the stability of the general price level by targeting inflation. This is what the Central Bank of Iraq seeks to achieve through the use of available monetary policy tools, including liquidity sterilization tools to control liquidity levels in the markets.

The most important tool is the process of strengthening banks’ foreign currency balances with their senders abroad to finance foreign trade needs, in addition to meeting other customer requests in various foreign currencies.

This bank has sought to make a qualitative leap in terms of technological construction, governance, and control of transfer operations, in addition to establishing a cash sales system to control sales operations.

It also provides electronic payment tools, including credit and debit cards, through banks and electronic payment companies in Iraq, to facilitate payment transactions inside and outside Iraq.

The Central Bank issued other tools that contribute to controlling liquidity to maintain the stability of inflation rates, namely the securities it issues with maturities of (14, 182) days and interest rates of (4 percent and 5.5 percent) respectively.

The Central Bank of Iraq is also focusing on improving the banking system and encouraging citizens to use cards and banking services instead of cash, thus easing pressure on the informal market. It is also working to strengthen money transfer systems and monitor financial transactions to prevent money laundering and currency smuggling.

In this context, the Central Bank of Iraq is placing increasing importance on developing the banking sector's infrastructure and encouraging citizens and institutions to transact through formal banking channels with the aim of reducing the size of the informal economy and promoting financial inclusion.

 Furthermore, coordination between the Central Bank and the government is underway to ensure that inflationary pressures are not created that would negatively impact monetary stability.

 Finally, in the coming period, the Central Bank is moving towards maintaining the stability of the local currency through a combination of technical measures, effective oversight, and structural reforms in the financial sector.

□ How does the central bank assess the impact of current monetary policies on inflation and unemployment?

The Central Bank of Iraq seeks to achieve economic stability through monetary policy tools, such as interest rate control, liquidity management, and exchange rate controls. To assess the effectiveness of these policies, the Bank conducts regular analysis of their impact on inflation and unemployment rates.

Inflation data indicates that it declined to 2.6 percent in 2024, compared to 4.4 percent in 2023.

The unemployment rate decreased by 3 percent, reaching 14 percent in 2024, compared to 16.5 percent in 2022. This is due to the Central Bank of Iraq's adoption of monetary policies that led to trade financing at the official exchange rate to control imported inflation and raised the policy interest rate to control liquidity levels, which directly impacts inflation.

□ What measures is the Central Bank taking to promote financial inclusion in Iraq?

The Central Bank of Iraq has established a new administrative structure in all operating banks under the name of the “Financial Inclusion Department” pursuant to our circular No. 2025, which includes the operating regulations for the Financial Inclusion Department in banks.

 The Central Bank is in the process of establishing an administrative structure under the name of Financial Inclusion in all non-banking financial institutions and preparing operating regulations for these structures.

The first national strategy for financial inclusion in Iraq (2025-2029) was prepared in cooperation with a number of international organizations. The strategy was launched on May 25, 2025. Work will be done to achieve the objectives of this strategy by forming diverse working groups to achieve the expected results.

The Central Bank of Iraq organizes periodic events and awareness workshops, such as the Arab Week for Financial Inclusion, which includes financial awareness campaigns and workshops in coordination with all banking and non-banking financial institutions.

It also sponsors and participates in international exhibitions, as well as in specialized exhibitions in the financial sector and digital financial transformation. It also cooperates with educational institutions to raise the level of financial inclusion.

Targeting financially deprived, rural, and remote areas by establishing teams to measure the extent of financial services access to these areas.

□ How would you describe the current relationship between the Central Bank of Iraq and the US Treasury?

The relationship between the Central Bank of Iraq and the US Treasury Department is characterized by ongoing cooperation and coordination to ensure Iraq's compliance with international standards for combating money laundering and terrorist financing.

The bank recently held several meetings with the US Treasury Department and the Federal Reserve to discuss financial reforms and enhancing transparency in the banking system. US authorities praised Iraq's steps in this direction, particularly with regard to developing financial transfer mechanisms and strengthening oversight of dollar movements.

□ What is Iraq's position on the recent restrictions imposed on dollar transfers? Are there steps being taken to reduce reliance on the dollar?

There are no restrictions on dollar transfers, as evidenced by the steady increase in bank balances in US dollars.

For the first time, in other currencies such as the Euro, Jordanian Dinar, Indian Rupee, Chinese Yuan, Saudi Riyal, and others.

In addition to the expanding network of foreign correspondents for banks operating in Iraq, this has contributed to increasing the options and channels available to all transfer requesters.

*- How do you respond to criticisms directed at the currency auction mechanism as a means of money laundering or currency smuggling?

The Central Bank has faced these criticisms for years, without any evidence. Therefore, it has taken serious steps to regulate foreign exchange transactions, including establishing an electronic platform and auditing transfers by international companies specializing in this field. Furthermore, the bank recently ended the foreign currency buying and selling window, transferring responsibility for transfers directly to banks and their senders.

There is a great demand from Iraqi banks and branches of foreign banks to participate in the strengthening operations, as the number of banks has increased to 22 banks, and the number of participating companies has reached 5923 companies by the end of the first quarter of this year, 2025, with a number of transfer operations amounting to 46,762 transfers.

*- What are the recent reforms to the dollar sales system to ensure transparency and prevent exploitation?

The electronic platform for verifying transfers was created by international companies specialized in this field.

*- Are you thinking of canceling the currency auction or replacing it with a more modern mechanism and linking it to the banking system?

The foreign exchange buying and selling window was discontinued, and responsibility for remittances was transferred directly to banks and their senders. This was completed in early 2024.

*- What is your assessment of the resilience of the Iraqi banking system in light of the recurring economic and political crises?

The Iraqi banking system has faced recurring challenges stemming from the economic and political crises that have plagued the country in recent years. These challenges include its reliance on a rentier economy, as the banking system remains heavily dependent on state funding, making it vulnerable to fluctuations in oil prices.

Furthermore, private banks are weak, lacking the capacity to play an effective developmental role in the economy.

Furthermore, there is a lack of public trust, reflected in low levels of financial inclusion. Furthermore, political and geopolitical unrest has impacted remittances and international transactions.

Despite all these challenges, there are strengths in favor of the banking system, represented by the regulatory reforms witnessed in recent years, represented by the development of banking oversight systems and the gradual implementation of international compliance standards for combating money laundering and terrorist financing. In addition, government support, as state-owned banks dominate the banking sector, provides it with relative stability during times of crisis. In addition, the digital transformation, the adoption of electronic payment systems, and the improvement of digital infrastructure have contributed to reducing the use of cash and increasing transparency.

Based on the above, the resilience of the Iraqi banking system can be classified as moderate. The sector has some resilience against crises, but it faces structural challenges that require deep and sustained reforms. Reforming the banking sector is a cornerstone of Iraq's economic development path.

This requires an integrated strategic vision and close cooperation between the Central Bank and other financial institutions, as well as the public and private sectors.

*- How can the central bank contribute to stimulating the real economy, not just the monetary aspect?

The Central Bank of Iraq has contributed significantly to promoting economic development, creating job opportunities, and achieving prosperity in Iraq by providing basic financial support to small, medium, and large enterprises in various sectors (such as agriculture, industry, housing, trade, healthcare, education, tourism, and transportation) through its initiatives that amounted to more than (13) trillion dinars with the aim of financing various economic activities and supporting all segments of society.

*- What is the bank's plan regarding the digital transformation of the banking sector over the next five years?

The Central Bank of Iraq is working to implement its strategic plans for digital transformation in the banking sector, which aim to develop the digital infrastructure and enhance the efficiency and security of financial services.

The plan includes several projects and initiatives, most notably the Instant Payment Project to enhance the efficiency of financial transfers effectively and instantly, and the establishment of a regulatory sandbox at the bank to encourage secure experimentation with financial technologies and meet the requirements for launching services safely and quickly.

The plan also includes the National Payment Network Project to enhance the national digital payments infrastructure, and the National Unified Electronic Payment Gateway to enhance the digital transformation of government collection processes.

The plan also includes working with relevant entities and in cooperation with relevant international organizations and bodies to study the preparation of a draft law regulating virtual assets, digital currencies, and cryptocurrencies within a legislative oversight framework.

*- Is there any intention to issue an Iraqi digital currency or join international initiatives in this field?

The Central Bank of Iraq is monitoring international and regional developments related to central bank digital currencies (CBDCs) and is currently preparing a specialized study to assess various dimensions related to them, including the impact on monetary policy, the efficiency of electronic payment systems, financial inclusion, and technical and legislative infrastructure requirements. It also prioritizes monitoring global experiences and leveraging best practices, while maintaining a gradual and systematic approach.  LINK

 

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 8-9-25

Good Afternoon Dinar Recaps,

BRICS Members vs Partners: 2025 Expansion & Power Shift

The BRICS bloc now operates under a two-tier system designed to manage its rapid growth, distinguishing between full members with decision-making power and partner nations with limited participation. This framework, introduced after the October 2024 Kazan summit, reflects the organization’s push to expand influence while maintaining operational control.

Two-Tier Membership Structure

• Full BRICS Members: Possess complete decision-making authority, equal stakes in the New Development Bank ($100 billion authorized capital), and participation in all key meetings, including the annual summit and Foreign Ministers’ sessions.

• Partner Countries: Engage in specific projects and collaborative initiatives but lack voting rights and formal decision-making powers. Their role serves as a probationary phase toward possible full membership.

Current BRICS Membership

The bloc now includes eleven full members:

• The original five: Brazil, Russia, India, China, South Africa.

• New members: Egypt, Ethiopia, Iran, United Arab Emirates, Saudi Arabia, Indonesia (joined January 2025).

This expansion sets a precedent for the BRICS Partnership Pathway, allowing prospective members to first engage as partners before full integration.

Full Members Hold Veto Power

• Unanimous approval is required for major decisions, including admitting new members.

• Any single full member can block policy changes or expansion, making consensus both a strategic strength and a potential obstacle.

BRICS Partner Countries

The current partner list includes:
Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, Uzbekistan.

• These nations can attend certain BRICS meetings.

• They may endorse bloc declarations when aligned with BRICS’ positions.

• Their status allows evaluation by full members on political alignment, economic compatibility, and strategic benefit before possible membership.

Geopolitical Drivers Behind Expansion

• Russia and China: Advocate aggressive enlargement, positioning BRICS as a counterweight to Western-led institutions.

• Russia’s 2022 invasion of Ukraine and resulting sanctions have driven Moscow toward building new alliances.

• China views BRICS as a platform to expand global influence across emerging markets.

• India and Brazil: Favor a measured approach, leveraging BRICS as a neutrality tool rather than an explicitly anti-Western bloc.

• Concerns persist over China’s growing dominance within the organization.

The Strategic Balancing Act

The future of BRICS’ expansion hinges on:

• Maintaining cohesion among ideologically diverse members.

• Ensuring the partnership model remains an effective gateway for integration without diluting decision-making efficiency.

If managed well, the member-partner distinction could enable BRICS to grow its global footprint while preserving internal stability in an increasingly competitive geopolitical landscape.

@ Newshounds News™
Source: Watcher.Guru   

~~~~~~~~~

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Weekend Coffee with MarkZ. 08/09/2025

Weekend Coffee with MarkZ. 08/09/2025

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

The first 45 minutes will be the CBD Gurus. Then Mark will give the news of the day

Member: Good Morning and welcome to the weekend

Member: Hello Mark, Mods and Dinarians from around the globe...!

Member: Sure seems quiet everywhere

MZ: News is fairly light. I did finally track down some of my redemption center folks. They are on a retreat this weekend with fellow employees. I wonder what they are discussing?  They did not share specifics…..but I know they are not at the banks.  I found this interesting.

MZ: On the bond side there are lots of rumors. Many expecting full blown dollars in this upcoming week. Some I know have disappeared and some have become suddenly wealthy but won’t talk. We just need to buckle up and wait for the truth to filter out.

MZ: There is extreme quiet from the groups. I find this interesting because many have traveled for the groups over the last week and a half. I think they were told to be quiet.

Member:  MarkZ: What do you think: “Iraqi al-Sudani dismissal of 41 directors & 89 acting officials following 1,135 semi-annual evaluations.”

MZ: There is a big clean up going on in Iraq. “Sudani announces the dismissal of 41 directors general and the referral of 4 ministers to the judiciary”  These are people in government positions hired to do jobs that they were not doing. Money was disappearing and there was incompetence and corruption. Sudani is cleaning house….and the timing is pretty important here.

MZ: There is a mass push from Kurdistan and the government to clean it all up right now. Possibly (I hypothesize) before the reset. There is a sudden concern to clean up every single piece.

MZ: There are many solid rumors that they just destroyed 62 trillion dinar. And there is a shut down and control of all financial borders that has happened this past week. This is all exciting in my book.

MZ: “ Kurdistan region overcomes the affects of attacks and produces more than 200,000 barrels of oil per day” So oil is flowing…..but where is it going? 

MZ: “Parliamentary source accuses the KRG of violating the oil agreement with Baghdad” They say the revenues do not reach the public treasury but go to the benefits of the ruling parties. It’s a major discussion going on right now. They are very concerned the Kurdish people are about to rise up and remove the Kurdish government. We don’t know the truth right now.

Member: MarkZ: IYO: Is there a connection between removal of troops from Iraq and Trump mentioning $35 billion in Holding accounts for payment????????????

Member: Trump signs EO for Sovereign Wealth Fund-- Was on Fox news

Member: Hope that has something to do with the future reset.

Member: I hope everyone has a blessed weekend. fingers crossed that we pass the finish line this weekend.

Member: Enjoy the weekend everyone…..God bless.

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

https://rumble.com/user/theoriginalmarkz

Kick:  https://kick.com/theoriginalmarkz

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.

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=BQP3Ou22sX8

The Ultimate Gold Revaluation Guide: 6 Methods Explained

The Ultimate Gold Revaluation Guide: 6 Methods Explained

Miles Harris:  8-8-2025

Gold revaluation is not just a theoretical exercise; it’s a practical monetary tool that can resurface under real economic pressure - something the Federal Reserve’s recent discussions and notes subtly acknowledge.

While the Fed has not explicitly endorsed gold revaluation, their exploration of alternative monetary anchors, especially amid mounting inflationary pressures and questions about dollar dominance, suggests the idea isn’t entirely off the table.

In this video, we consider six distinct paths through which gold could be revalued, ranked from the least to the most likely.

Some remain speculative, others are already being quietly tested or at least seriously considered by policymakers.

For decades, the idea of gold playing a central role in modern monetary systems has largely been relegated to the annals of economic history. However, a subtle yet significant shift is occurring, suggesting that gold revaluation – far from being a mere theoretical exercise – is resurfacing as a practical monetary tool.

 It’s a tool that could be dusted off under real economic pressure, a notion subtly acknowledged even by institutions like the Federal Reserve.

The current global economic landscape is rife with the very conditions that historically prompt such considerations. Persistent inflationary pressures are eroding purchasing power, while unprecedented levels of national debt raise questions about fiscal sustainability.

Simultaneously, the long-standing dominance of the U.S. dollar as the world’s primary reserve currency faces increasing scrutiny amidst geopolitical shifts and the rise of alternative financial blocs. These combined pressures are leading central banks and policymakers to quietly explore alternative monetary anchors.

While the Federal Reserve has not overtly endorsed a return to a gold standard or explicit gold revaluation, their recent discussions and internal notes reveal a heightened interest in the resilience of monetary frameworks and the potential for alternative stability mechanisms.

This isn’t an explicit embrace, but rather a cautious exploration of options in a volatile global economy. The very fact that gold is being discussed, even cryptically, within these high-level financial circles indicates that it’s no longer an entirely off-limits topic.

At its core, gold revaluation involves officially increasing the price of gold in terms of a national currency, often to shore up a central bank’s balance sheet, manage inflation, or restore confidence in a currency. Historically, it was a mechanism to adjust to economic realities. But how exactly could such a revaluation unfold in the 21st century?

A recent analysis delves into this complex question, outlining six distinct paths through which gold could potentially be revalued. These paths range from the highly speculative to those already being quietly tested or seriously considered by policymakers.

 It’s a nuanced discussion that moves beyond mere theoretical debate, delving into the practical mechanisms and potential triggers for each scenario. Understanding these potential pathways is key to grasping the future of global finance and the role gold might play.

The increasing discourse around gold revaluation signals a fundamental shift in how central banks and governments are thinking about monetary stability in an era of unprecedented economic challenges.

 For those seeking to understand the intricate dynamics at play and gain deeper insights into the specific mechanisms that could bring gold back into the monetary fold, the full video from Miles Harris offers invaluable perspectives.

Watch the full video from Miles Harris for further insights and information into the six distinct paths through which gold could be revalued.

00:00 Intro

00:54 Classical Gold Standard

01:55 Global Gold Revaluation via the IMF

03:00 Gold Backed Digital Currencies

04:34 Official Gold Price Reset

06:38 Shifts in Valuation Dynamics

 07:42 A Gold Anchored Trading System

09:49 Conclusion

https://www.youtube.com/watch?v=l9zZjxsIybg

Iraq Economic News and Points To Ponder Saturday Morning 8-9-25

The New Reform Document Puts The Banking Sector On The Brink Of Collapse.

August 8, 2025  Baghdad - Nada Shawkat 
Banking experts have criticized the recent decisions of the Central Bank of Iraq, describing them as lacking in national spirit and aimed at serving the interests of foreign banks and Oliver Wyman at the expense of national banks.

The experts said yesterday that "the private sector supports financial and banking reform, but not at the expense of the local banking system, which has long suffered from a lack of opportunities in global markets due to Iraq's unique circumstances."

 They pointed out that "the second banking reform document issued by the bank directly threatens the existence of the national banking system," stressing that "the document's contents put the Iraqi financial system on the brink of collapse, and no one clearly knows who will truly benefit from it.

" The experts explained that "these decisions contradict the bank's mission to protect monetary and financial stability," stressing that "their implementation may be impossible and could lead to a significant deterioration in the Iraqi banking sector."

The experts called for "the need to immediately review the provisions of the document to preserve the vast human capital of more than 24,000 specialists working in national banks," warning that "the continuation of these policies could widen the gap between citizens and banking institutions and lead to long-term negative impacts on the national economy."

The Central Bank laid the foundation for a comprehensive transformation in the digital payments sector, with advanced measures and strategic visions aimed at achieving sustainable development.

Al-Alaq said during the Comprehensive Transformation of Electronic Payments Conference yesterday that “digital transformation has become a strategic choice in building a modern state, a diversified economy, and transparent government services, as international experiences have proven that digitization is not a luxury, but rather a fundamental driver for sustainable development, improving the work environment, empowering youth, and developing vital sectors.”

 He added, “We are facing a historic opportunity to make up for lost time and launch a clear vision towards an economy capable of facing challenges, fighting corruption, and creating an attractive environment for investment.

” Al-Alaq explained that “the Central Bank has worked to develop electronic payment in an integrated and secure manner, including payment and settlement in accordance with the highest international standards and practices.”

He went on to say that “these systems have contributed to enhancing the efficiency and reliability of financial operations and supported the implementation of strategic initiatives in partnership with the government, to localize salaries, electronic immunization, and development financing programs.”

He pointed out that “the bank, based on its role in managing monetary policy and regulating the financial and banking sector, is working within its plan to consolidate the infrastructure for electronic payment by implementing a number of national projects.”

Al-Alaq stressed that “the most prominent of these projects is the instant payments system that allows “The second project is the unified gateway for payments and government entities, which facilitates payment procedures, reduces manipulation, and increases trust,” he continued, adding that “the third project is the national card scheme, which builds an independent national system that preserves digital sovereignty, reduces dependence on external systems, and opens the door to products that suit the local market.

The fourth project is developing the national department to support the significant increase in transaction volume and ensure the speed and stability of operations within a secure environment.”

He pointed out that “the fifth project is establishing partnerships with regional and international institutions and deepening cooperation with global payment networks to benefit from their advanced tools .”  LINK

Digital Currency Legislation Is On The Table For Discussion By Al-Mashhadani And A Delegation Of Experts

Friday, August 8, 2025, | Economic Number of reads: 346  Baghdad / NINA / Parliament Speaker Mahmoud Al-Mashhadani discussed with a delegation of Iraqi and international experts and academics supporting legislation related to digital currency and strengthening the financial market.

The meeting, according to a statement from the Parliament Speaker's Office, discussed successful experiences in the United States and the UAE in the field of financial technology, while discussing the results of the delegation's discussions with the Governor of the Central Bank of Iraq.

Al-Mashhadani affirmed the Parliament's support for any legislative steps that keep pace with global developments and open the doors to investment, stressing the importance of creating a modern financial environment that strengthens Iraq's position in the digital economy.

The delegation included Dr. Oz, a member of the New York City Council, Bryar Rashid, a member of the Parliamentary Economic Committee, Judge Salar Abdul Satar, the former Minister of Justice, and Haider Ali, an economic expert residing in Australia. https://ninanews.com/Website/News/Details?key=1245348

Work Will Begin After The Fortieth Day.. Al-Sudani's Office Announces The Launch Of A Package Of 36 Projects

Money and Business

Director of the Prime Minister's Office, Ihsan Al-Awadi, announced today, Friday, the launch of a package of 36 projects.

In a speech during the second conference of the Permanent Supreme Committee for Millions of Pilgrims, Al-Awadi said, "A package of 36 projects has been launched, and work will begin on them after the conclusion of the Arbaeen pilgrimage."  https://economy-news.net/content.php?id=58544

Gold Is Heading For Gains For The Second Consecutive Week

economy | 08:56 - 08/08/2025  Mawazine News - Follow-up  Gold futures jumped to a new high in early Friday trading following a report that the United States had imposed tariffs on one-kilogram gold bullion imports.

Spot gold is on track for a second consecutive week of gains, benefiting from market turmoil due to tariffs and hopes of a US interest rate cut.

By 0104 GMT, spot gold was down 0.2 percent at $3,389.37 per ounce, after hitting its highest level since July 23 earlier in the session. The precious metal has gained 0.8 percent so far this week, according to Reuters data.

US gold futures for December delivery rose 1.6 percent to $3,509.10, after hitting an all-time high of $3,534.10.   https://www.mawazin.net/Details.aspx?jimare=264734

Oil Prices Fall Due To US Tariffs

Economy | 09:04 - 08/08/2025  Mawazine News - Follow-up:  Oil prices are heading for their biggest weekly loss since late June, as investors fret about the impact of tariffs that took effect yesterday on the global economy.

Brent crude futures fell 3 cents to $66.40 a barrel, heading for a weekly decline of more than 4%, while U.S. West Texas Intermediate (WTI) crude futures fell 6 cents, or 0.1%, to $63.82 a barrel, on track for a weekly loss of more than 5%, according to Reuters.

The higher U.S. tariffs against a group of trading partners took effect on Thursday, and ANZ analysts said in a note that these tariffs raised concerns about weak economic activity, which would affect global demand for crude.

Oil prices have been under pressure since OPEC+ decided this week to completely cancel the largest portion of its production cuts in September, months ahead of schedule. West Texas Intermediate crude settled lower on Thursday for the sixth consecutive session, and if it closes lower today, it would be its longest losing streak since August 2021.  https://www.mawazin.net/Details.aspx?jimare=264736

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 8-9-25

Good Morning Dinar Recaps,

Trump Removes Billy Long as IRS Commissioner — Shortest-Ever Tenure in Role

WASHINGTON (AP) — President Donald Trump has removed former U.S. Rep. Billy Long as IRS commissioner less than two months after his Senate confirmation, marking the shortest-tenured IRS commissioner since the position’s creation in 1862.

Sudden Exit, New Appointment

It is not immediately clear why Long was dismissed.
In a post on X, Long announced Trump had nominated him for an ambassadorship:

“It is a honor to serve my friend President Trump and I am excited to take on my new role as the ambassador to Iceland. I am thrilled to answer his call to service and deeply committed to advancing his bold agenda. Exciting times ahead!”

Treasury Secretary Scott Bessent will serve as acting IRS commissioner, according to a White House official.

Turmoil at the IRS

Long’s departure comes amid ongoing instability at the nation’s tax agency:

• The IRS has gone through four acting leaders since the start of Trump’s second term.

• The agency has lost a quarter of its workforce since the Department of Government Efficiency (DOGE) began its cost-cutting initiatives.

• Staff reductions have brought headcount from 103,000 in January to 77,000 by May 2025.

A Short-Lived Plan for Reform

In his first message to employees after confirmation, Long emphasized creating a new culture:

“In my first 90 days I plan to ask you, my employee partners, to help me develop a new culture here... one that makes your lives and the taxpayers’ lives better.”

Long never reached that 90-day milestone.

An Unusual Pick

• While serving in Congress (2011–2023), Long sponsored legislation to eliminate the IRS.

• A former auctioneer, Long had no prior tax administration experience.

• The Senate confirmed him 53–44 despite concerns about:

• His past work for a firm involved in a fraud-ridden pandemic-era tax credit.

• Campaign contributions received after his nomination.

Controversies and Investigations

• Long worked with a firm promoting the employee retention tax credit, later shut down as fraudulent.

• Democrats have called for a criminal investigation into his connections with other alleged tax credit schemes.

• Allegations claim that firms linked to Long sold fake tax credits, duping investors out of millions.

Acting Leaders Before Long

Long’s predecessors in an acting capacity included:

• One who resigned after an IRS–DHS deal to share immigrant tax data with ICE.

• Another whose appointment sparked a public clash between Elon Musk and Scott Bessent.

@ Newshounds News™
Source:   AP News

Best Of Billy Long: Trump IRS Chief—Fired After 2 Months—Goes Through The Wringer In Senate Hearing | Youtube

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Ripple’s RLUSD Stablecoin Surges Past $600M Supply in July

Market share expansion and record transaction volumes mark a strong summer for Ripple’s dollar-pegged asset.

Ripple’s RLUSD stablecoin experienced a 32.3% supply growth between June and July, pushing its circulating supply above $600 million. This marks RLUSD as the second-fastest-growing stablecoin among those with over $500 million in supply, trailing only Ethena Labs’ USDe, which surged 63.4% in the same period.

Since May, RLUSD has nearly doubled its total supply, growing from a $309 million market cap in May to $455.3 million in June — a 47% month-over-month increase. As of August 1, supply had already increased another 3%.

Record-Breaking Transaction Volumes

In July 2025, RLUSD’s cumulative transfer volume crossed $11 billion.

• July posted a record monthly high of $3.3 billion in transaction volume — a 27% jump from June.

• RLUSD has never dipped below $1 billion in monthly volume since April, when it first hit $1.8 billion.

Ripple’s Push for Market Share

July’s growth coincided with Ripple’s strategic moves to expand RLUSD’s footprint:

1. National Banking Charter

• CEO Brad Garlinghouse announced plans to secure a national banking charter, in addition to existing New York Department of Financial Services registration.

• If approved, RLUSD would be the first stablecoin under both state and federal oversight in the U.S.

2. Custody Partnership

• On July 9, Ripple named BNY Mellon as RLUSD’s custodian partner.

3. Global Expansion Strategy

• U.S. Positioning: Leveraging the Federal Reserve’s adoption of ISO 20022, where Ripple was the first blockchain company to join the Standards Body in 2020.

• Europe Entry: Pursuing MiCA compliance with a planned base in Luxembourg for EU market penetration.

Skepticism and Criticism

Despite the surge, questions about organic growth remain:

• Blockchain investigator ZachXBT questioned RLUSD’s user base authenticity before deleting his social media post.

• He later stated he trusted other issuers — Circle, Paxos, and Tether — “infinitely more than Ripple.”

@ Newshounds News™
Source: CryptoSlate

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Beijing and Moscow Boost Trade Amid U.S. Tariff Threats

July trade between China and Russia has surged to $19.14 billion — the highest monthly figure this year — signaling renewed momentum in bilateral exchanges despite escalating U.S. tariff threats.

Key Points

• July trade volume: $19.14 billion — an annual record and an 8.7% increase from June.

• Imports vs. exports: Chinese imports from Russia rose to $10.1 billion (+4.02% YoY), while exports to Russia fell to $9.1 billion (–8.91% YoY).

• Trade surplus: Russia posted a $13.34 billion surplus with China from January to July, matching 2024 levels.

• Historical context: Trade hit $240.11 billion in 2023 (+26.3%) and over $244 billion in 2024, both records.

• U.S. pressure: Former President Donald Trump has threatened 25% tariffs on Chinese imports over Russian oil purchases — similar to sanctions placed on India.

Bilateral Trade Rebounds After Early-Year Decline

The July surge ends a seven-month slump that saw trade between the BRICS partners fall 8.1% compared to the first half of 2024. While the rebound is a positive signal, it has yet to offset earlier declines — a reflection of shifting market conditions, seasonal trade cycles, logistical constraints, and geopolitical uncertainty.

Energy Cooperation at the Core

China remains firm in defending its energy ties with Russia. The Ministry of Foreign Affairs reiterated that economic, trade, and energy cooperation with Russia is both “legitimate and legal” and aligned with national interests.

Russia remains a key energy supplier to China:

• Oil: 108.5 million tons shipped in 2024 — about 20% of China’s total crude imports.

• First seven months of 2025: 32 million tons — 4 million tons less than last year.

• Other commodities: Coal, natural gas, copper, and timber.

In return, China exports manufactured goods to Russia, including automobiles, electronics, and smartphones.

Geopolitical Implications

The firm stance from Beijing underscores a dual strategy:

1. Safeguarding energy security against potential supply disruptions.

2. Deepening BRICS economic integration in defiance of U.S.-led trade restrictions.

If July’s record signals renewed trade momentum, the months ahead will test how resilient this partnership remains under the weight of possible new tariffs and fluctuating energy flows.

@ Newshounds News™
Source: CoinTribune

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps