‘Check Washing’ Costs Americans Over $1 Billion Each Year, Says USPIS — How To Spot It And Protect Your Money

‘Check Washing’ Costs Americans Over $1 Billion Each Year, Says USPIS — How To Spot It And Protect Your Money

Jessica Wong  Sat, August 30, 2025  Moneywise

Despite seeming retro, check fraud is experiencing a surprising resurgence, with criminals stealing billions of dollars through these schemes.

According to the U.S. Postal Inspection Service (USPIS), "check washing" fraud is inflicting substantial financial damage on Americans. Postal inspectors report intercepting more than $1 billion in fraudulent checks and money orders annually.

Despite the rise of digital financial transactions, thieves are increasingly targeting mail containing paper checks as a vulnerable point in the system.

Using common household supplies, scammers can modify stolen checks by removing the original information and substituting false details before depositing them under assumed identities. Below, we explain their tactics and how to protect yourself.

What is “check washing”?

Check washing is a theft method where criminals steal checks, commonly from mailboxes, and use household chemicals such as nail polish remover or rubbing alcohol to erase the ink. After removing the original information, the thief changes the payee name and amount, cashes the altered check and escapes with the stolen funds.

This scheme, which has been around for decades, has seen a significant increase in incidents since 2021, with check fraud cases nearly doubling according to the FBI's Internet Crime Complaint Center. Postal inspectors warn that this troubling trend is expected to worsen throughout 2025.

Criminal organizations have been identified selling stolen checks on digital platforms and recruiting individuals known as "money mules" to deposit falsified checks into fraudulent accounts, according to NASDAQ Verafin. In a contemporary evolution of this long-established fraud scheme, these stolen checks are now being traded on dark web marketplaces in exchange for cryptocurrency.

Real-world cases show just how quickly it can happen, and victims are losing thousands.

According to ABC7 NY, when Carol Perlman mailed a $656 check, criminals altered it to $9,000. Though her bank eventually refunded the money, they only did so after local media covered her story.

In the same ABC7 NY report, Matt Schick became a victim after depositing a contractor's payment in a street mailbox. Within days, someone had intercepted and cashed it for $7,500.

Fortune magazine reported on entrepreneur Steve, who was stunned to discover that his $310,000 IRS payment never arrived. Thieves had chemically "washed" the check, replacing "IRS" with another name before depositing it. He was forced to pay his taxes again, including penalties and interest, while still fighting with his bank to recover the stolen funds.

TO READ MORE:  Read more: Rich, young Americans are ditching stocks — here are the alternative assets they're banking on instead

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 8-31-25

Good Afternoon Dinar Recaps,

BRICS Announces Right To Uphold Trading in Local Currencies

Brazil’s finance minister says BRICS has every right to trade in local currencies, despite U.S. pressure.

Haddad Pushes Back Against Dollar Weaponization
Brazil’s Finance Minister Fernando Haddad openly criticized Washington’s reliance on the U.S. dollar as a tool of influence. In an interview with UOL, Haddad said BRICS countries are justified in conducting trade using their own currencies, despite pressure from the Trump administration.

“That doesn’t make sense. If we can make our transactions cheaper, why would we make them more expensive?” Haddad asked.

He stressed that the United States has no authority to prevent other nations from choosing settlement methods that strengthen their economies.

How Local Currencies Support Trade
According to Haddad, trading in local currencies provides clear economic benefits:

• Lower foreign exchange costs compared to the U.S. dollar

• Support for domestic currencies in global forex markets

• Reinforcement of GDP through cheaper import-export settlements

For businesses, this approach can mean substantial savings in cross-border trade, as exchange rate spreads are minimized.

The U.S. Cannot Stop BRICS Shift
Haddad warned that Washington’s own policies risk undermining the dollar’s status. He pointed to Trump’s tariffs and trade wars as examples of costly mistakes that weaken global confidence.

“Another thing is this issue of turning the dollar into a weapon of war, like what happened against Russia. So, this is what is weakening it,” he said.

Trump’s decision to impose tariffs on BRICS members for reducing reliance on the dollar has further accelerated their shift toward alternative systems.

A Multipolar Financial World Emerging
BRICS members are exploring frameworks to anchor cross-border trade around a basket of local currencies rather than the U.S. dollar.

The U.S. dollar will likely remain a reserve currency, Haddad admitted, but its exclusive status is under threat. Unless Washington reverses course, BRICS intends to move forward with a more multipolar monetary order.

Why This Matters
BRICS’ insistence on local currency trade is more than symbolic—it signals a deeper break from U.S. financial dominance. By lowering costs and boosting their own economies, BRICS nations are laying the foundation for a world where the dollar is no longer the single pillar of global trade.

@ Newshounds News™
Source: Watcher Guru

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4 Industries To Be Hit if BRICS Drops the Dollar

If BRICS abandons the U.S. dollar for trade, key American industries could face severe disruption.

A Risk to the American Economy
If BRICS nations follow through on plans to use local currencies instead of the U.S. dollar, the move could send shockwaves through the American economy.

The U.S. has long relied on global demand for dollars to support its financial system. Without it, inflation could rise, exports could weaken, and jobs would be at risk. From Wall Street to Washington, four industries in particular stand to lose the most.

1. Stock Market & Wall Street
Global capital flows are tied to the dollar’s dominance. If demand weakens, U.S. stock markets could suffer steep declines, with volatility spreading across financial institutions and investor portfolios.

2. Export & Manufacturing Industry
American manufacturers depend on dollar-based trade for cost efficiency. A shift to local currencies would erode competitive pricing, making U.S. exports more expensive and less attractive abroad.

3. Digital Payments & Technology
Silicon Valley’s payment platforms and fintech giants are built around the dollar’s global role. Reduced international reliance on the greenback could hurt transaction volumes, valuations, and growth opportunities in the sector.

4. U.S. Government & Debt Markets
Perhaps the most dangerous impact would be on Washington itself. The U.S. Treasury depends on dollar demand to finance its debt. If BRICS reduces reliance, borrowing costs could rise sharply, straining federal budgets and long-term stability.

The Domino Effect
These industries are deeply interconnected. Market losses could ripple into the job market, with corporations cutting staff to manage falling revenues. Inflation would erode household savings, while essentials like food and fuel could see rapid price hikes.

Why This Matters
If BRICS ultimately abandons the dollar, the U.S. would face more than a financial setback—it could trigger a broad economic downturn. For now, the dollar remains dominant, but the warning signs are clear: a multipolar world threatens the very foundation of America’s economic strength.

@ Newshounds News™
Source: Watcher Guru    

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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

“Tidbits From TNT” Sunday 8-31-2025

TNT:

Tishwash: The digital economy in Iraq: 10 million bank cards and 15 trillion dinars in payments

The Eco Iraq Observatory, which specializes in economic affairs, announced on Saturday that the number of active bank cards in the country has exceeded 10 million, indicating the rapid expansion towards a digital economy.

The observatory quoted the Baghdad Council for Digital Transformation and Electronic Payments, in a statement received by Shafaq News Agency, as saying, "The qualitative transformation in the electronic payment sector is due to the policies of the Central Bank of Iraq and the government's support for this process."

According to the council, the volume of digital payments exceeded 15 trillion Iraqi dinars, including 1.7 trillion dinars for customs, while the remaining transactions were distributed across various other sectors.

The Council emphasized that "electronic payment companies are non-banking financial institutions whose mission is limited to executing transfers without storing funds or opening accounts," noting that "these companies have directly contributed to building the infrastructure for this transformation."

He pointed out that "the ongoing reforms in the banking system aim to consolidate governance and strengthen the foundations of the country's digital economy."  link

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Tishwash:  Japanese Ambassador: The Memorandum of Understanding with Iraq paves the way for economic integration between the two countries.

Japanese Ambassador to Iraq Akira Endo affirmed on Sunday that the memorandum of understanding with Iraq will contribute to strengthening relations between the private sectors of both countries, Japan and Iraq.

In a speech he delivered following the signing of the Memorandum of Understanding between Iraq and Japan on (developing educational programs and pursuing projects in the fields of technology, engineering, mathematics, and arts), which was attended by the correspondent of the Iraqi News Agency (INA), Ando expressed his "happiness to celebrate this valuable moment in the journey of Japanese-Iraqi friendship and the signing of the Memorandum of Understanding between Gakken Holding Company and the Iraq Development Fund ( IDF )."

He added, "We have noticed an improvement in the political, economic, and security situation, as Iraq enjoys stability under the wise leadership of Prime Minister Mohammed Shia al-Sudani. The Iraqi government is pursuing a balanced diplomacy aimed at building good relations with neighboring and regional countries, and a diplomacy of economic partnerships aimed at strengthening economic relations." He expressed Japan's appreciation for these efforts by the Iraqi government.

He added, "Since 2003, the Japanese government has implemented an aid program with grants worth approximately $2.8 billion to rebuild living infrastructure, such as schools, in addition to $11.5 billion in yen loans to rehabilitate and develop infrastructure, such as electricity, water, sanitation, and oil."

He continued, "Japan has become one of the leading donors of official development assistance to Iraq in recent years," noting that "Japan has consistently provided support to the Iraqi people to help them continue their journey toward a brighter future, by supporting their efforts in nation-building, economic reconstruction, and development alongside the Iraqi people."

The Japanese ambassador stated that the Iraq Development Fund highlighted the areas of education, agriculture, housing, digital transformation, manufacturing, food security, and the environment, noting that the Iraqi government has prioritized these areas under the leadership of the Sudanese Prime Minister.

He explained that " Gakken has been one of the leading Japanese companies since its founding in 1946. Over the course of nearly 80 years, it has contributed to the overall reconstruction of the country by enhancing the academic capabilities and social skills of all Japanese citizens, especially in the field of science." He expressed his hope that " Gakken's expertise in Iraqi educational fields will be employed to enhance the development of human resources that will lead Iraq's future industries, which will contribute to the country's reconstruction and economic development after the war."

He added, "The signing of the Memorandum of Understanding between Gakken and the Iraq Development Fund ( IDF ) is a very important and timely event that will contribute to strengthening relations between the private sectors in Japan and Iraq in terms of information exchange, support, promotion, and coordination of businesses  link

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Tishwash:  Al-Sudani: 5G service represents a "qualitative step" to enhance the telecommunications sector in Iraq.

Prime Minister Mohammed Shia Al-Sudani affirmed, today, Sunday (August 31, 2025), that the advanced (5G) service represents a "qualitative step" to enhance the communications sector in Iraq, during his sponsorship of the signing of the founding contract for the National Company for Mobile Communications Services.

The Prime Minister's media office stated in a statement received by Baghdad Today that "Al-Sudani sponsored today, Sunday, the signing of the founding contract for the National Mobile Telecommunications Services Company, as a public joint-stock company, which was previously approved in the government program, with contributions from three entities: the State Employees' Retirement Fund, the Trade Bank of Iraq, and the Al-Salam Public Company affiliated with the Ministry of Communications."

He added that "the Prime Minister appreciated the efforts made by the Ministry of Communications in this regard," noting the need to complete the procedures to provide the service, especially since it will be coupled with the advanced (5G) service, which will be available to all citizens."

Al-Sudani stressed, according to the statement, that "the establishment of the National Company for Telephone and Transmission Services, which was approved in the government program, represents a qualitative step in the field of enhancing telecommunications services, given the significant development they are witnessing, which requires the company to compete with other companies in order to provide the best telecommunications services that now cover all areas of life, especially the economy, education, and the development witnessed by the country."

The Prime Minister explained that "this step represents the first of three government entities to establish a mobile phone company, which will be open to subscription by citizens to contribute to the company's capital. This represents one of the paths adopted by the government to strengthen the non-oil economy." He noted that "the establishment of the company does not mean restricting the private sector, but rather creating an atmosphere of competition with the aim of providing the best services to citizens."  link

Mot:  Straight from the Mom files.  

Mot: Hay Guys!! - Careful as YOu Answer the Singles Ads after da ""RV"" 

News, Rumors and Opinions Sunday 8-31-2025

KTFA:

Frank26:  "HCL & CITIZENS DEMAND A NEW RATE !!!"........F26

 President of the Republic: There is an urgent need to pass the oil and gas law.

 8/29/2025

President Abdul Latif Jamal Rashid stressed that there is an urgent need to pass the oil and gas law and detailed laws on the distribution of revenues, to solve the existing problems.

The President said in a televised interview: "The Arab-Kurdish Cultural Center is an important step towards strengthening common rapprochement through studying common history and destiny."

He explained: "The relationship between the federal government and the Kurdistan Regional Government is good in all areas, and the existing differences are originally between the provinces and the federal government, and what is common to them is greater than the differences."

He stressed: "There is an urgent need to pass the oil and gas law and detailed laws on the distribution of revenues to solve the existing problems, and unfortunately, Parliament has not succeeded in passing the important oil and gas law."

He pointed out: "It is the government's duty to provide salaries for all employees, and we have a major problem in government expenditures from salaries, as they reach more than 80% of the state's revenues, while in other developed countries they do not reach more than 6%, and we must solve this problem."

He added: "We must ensure free and fair elections, and prevent the exploitation of power and its resources for electoral purposes. We, in the four presidencies, agreed on a document to be electoral regulations to be adopted by the Electoral Commission and other bodies concerned with organizing them."

He stressed that there is no truth to the postponement of elections or the formation of an emergency government, and we must ensure our people's confidence in holding fair elections on time. We in Iraq are proud that all electoral processes took place on time without delay.

The President stressed that the world is facing a major water crisis as a result of climate change, including Iraq. We must obtain a fair share from neighboring countries, stop our waste, and use modern irrigation and agricultural methods.

He stressed: "The continued aggression on Gaza has a negative impact on the entire region, and our position in Iraq is clear and not new, in our support for the Palestinian people in achieving their full legitimate rights to self-determination. The aggression must now stop, humanitarian aid must be delivered, and famine must be stopped." LINK

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Frank26:  "THE GOAL OF THE MONETARY REFORM"......F26

The digital economy in Iraq: 10 million bank cards and 15 trillion dinars in payments

8/30/2025

The Eco Iraq Observatory, which specializes in economic affairs, announced on Saturday that the number of active bank cards in the country has exceeded 10 million, indicating the rapid expansion towards a digital economy.

The observatory quoted the Baghdad Council for Digital Transformation and Electronic Payments, in a statement received by Shafaq News Agency, as saying, "The qualitative transformation in the electronic payment sector is due to the policies of the Central Bank of Iraq and the government's support for this process."

According to the council, the volume of digital payments exceeded 15 trillion Iraqi dinars, including 1.7 trillion dinars for customs, while the remaining transactions were distributed across various other sectors.

The Council emphasized that "electronic payment companies are non-banking financial institutions whose mission is limited to executing transfers without storing funds or opening accounts," noting that "these companies have directly contributed to building the infrastructure for this transformation."

He pointed out that "the ongoing reforms in the banking system aim to consolidate governance and strengthen the foundations of the country's digital economy." LINK

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

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

Nader From The Mid East  Question: "IYO how much will be the rate?"  I think it will not be more than $3.50.

Walkingstick   They're shoving the monetary reform down the throat of Iraq right now.  The one that's doing the shoving and the pushing is Donald Trump and his teams.  And now Sudani...in a week is going to the USA.

Jeff   Everything is suggesting completion to you at the exact same time.  Troops out, ready to join the World Trade, transitioning by getting the troops out, suggesting sovereignty, sanctions removed, revaluing the currency...

Frank26   IMO banks are running around like Keystone cops, bouncing off of each other with excitement.  But I hope it's disciplined chaos so they can focus on us.  It makes sense that they're going to give us an appointment. You can't have all these people pouring into all these banks.  They're going to definitely have appointments.

$500-$700 Silver? The 50-Year Pattern You Can’t Ignore | Florian Grummes

Miles Franklin Metals:  8-30-2025

Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, speaks with Florian Grummes, Managing Director of Midas Touch Consulting, about why gold may be on the verge of its next breakout. Grummes breaks down the shift from paper to physical gold, surging COMEX deliveries, silver’s explosive upside potential, and why Bitcoin’s role in the coming monetary reset is misunderstood by both crypto and gold investors alike. In this episode of Little by Little:

Why $4,000 gold could arrive sooner than expected

How central banks are removing gold from Western exchanges

Why paper gold markets are breaking down

Silver’s next big move: long-term targets up to $100+

Bitcoin vs. Gold: What investors are missing about this transition

Preparing for a new era of real price discovery

00:00 Coming Up

01:05 Introduction

03:37 Discovering Gold & Financial Independence

05:26 The Evolution of Gold Markets

06:52 Gold vs. Bitcoin: A Comparative Analysis

12:31 Market Trends & Predictions

17:27 Gold’s Role in the Global Economy

 21:43 Physical Gold

24:52 Gold Re-Monetization & Physical Demand

26:32 Silver Market Dynamics

 32:13 Market Manipulation & Price Discovery

37:53 Future Outlook for Gold & Silver Prices

41:32 Digital Surveillance & Financial Privacy Concerns

45:20 Closing Remarks & Resources

https://www.youtube.com/watch?v=ll_SO1QE-nE

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-31-25

Good Morning Dinar Recaps,

Trump’s Central Bank Theatrics Expose the Fed’s Myth of Independence

Trump’s latest clash with the Federal Reserve raises questions about whether the Fed has ever truly been independent.

The Fed’s Walls Were Never Fortified — Only Pretended
The Federal Reserve has been a contentious fixture in U.S. history since its creation in 1913. While often described as “independent,” the Fed was deliberately built with a public-private framework, allowing for both banker control and presidential influence.

From appointments and dismissals to public criticism, U.S. presidents have long wielded pressure on the central bank—shaping monetary policy to fit political needs.

Wilson’s Hand in Creation
President Woodrow Wilson championed the Federal Reserve Act of 1913, signed into law on December 23 of that year. While its stated goal was to curb recurring financial panics, Wilson ensured presidential appointees sat on the Fed board, embedding political influence at its core.

At the same time, powerful banking families tied to earlier crises, including the Panic of 1907, played pivotal roles in shaping the Fed’s design. Wilson’s precedent guaranteed that political and banking interests would remain entangled in Fed operations.

Hoover and the Depression Strain
During the Great Depression, President Herbert Hoover pressured the Fed to cut rates to spur recovery. Instead, the Fed raised them—highlighting tensions between presidential demands and central bank policy.

This early clash exposed the fragility of Fed “independence” when presidents pressed for action during crises.

Peak Power — Roosevelt’s Grip on the Fed
Franklin D. Roosevelt expanded presidential influence dramatically. By suspending the gold standard in 1933 and enacting the Banking Acts of 1933 and 1935, FDR consolidated authority over monetary policy.

Throughout the Depression and World War II, the Fed effectively became an arm of the Treasury, pegging interest rates low to cheaply finance massive deficits. This era marked perhaps the height of presidential control over the Fed.

Truman’s Showdown
President Harry Truman clashed with Fed Chair Thomas McCabe in 1951, demanding low rates to finance the Korean War. His pressure forced McCabe’s resignation.

The Treasury-Fed Accord that followed sought to restore independence, but Truman’s victory showed how presidents could still bend monetary policy to wartime needs.

Kennedy and Johnson’s In-House Influence
John F. Kennedy frequently met with Fed Chair William McChesney Martin to press for pro-growth policies in the early 1960s. Lyndon B. Johnson went further, summoning Martin to his Texas ranch in 1965 and berating him for raising rates during Vietnam War spending.

Recordings reveal how Johnson’s personal intimidation influenced short-term Fed decisions—further blurring independence.

Nixon’s Inflation Legacy
Richard Nixon took Fed influence to another level. In 1970, he appointed Arthur Burns as Fed Chair and pressured him to keep rates low ahead of the 1972 election.

Burns complied, but the political pressure helped unleash the inflationary surge of the 1970s—demonstrating the long-term costs of White House meddling.

Trump’s Theatrics Today
Fast forward to today: President Donald Trump’s public pressure on Fed Chair Jerome Powell and his controversial dismissal of Governor Lisa Cook have once again thrust the Fed into political theater.

Critics argue Trump’s tactics risk undermining Fed credibility abroad. But history shows this is hardly new—rather, it’s a continuation of a century-long pattern where presidents bend or break the Fed’s supposed autonomy.

Why This Matters
The Federal Reserve’s “independence” has always been conditional, more myth than reality. From Wilson to FDR, from Truman to Nixon, and now Trump, presidents have consistently shaped Fed policy through pressure, appointments, and outright confrontation.

Trump’s theatrics may look unprecedented, but in truth, they reaffirm a long-standing reality: the Fed’s autonomy is fragile, performative, and ultimately subordinate to political power.

@ Newshounds News™
Source: Bitcoin.com

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What Makes XRP Different From Every Other Cryptocurrency

XRP stands apart in the crowded crypto market by focusing on real-world payments instead of speculation.

A Market Full of Narratives
The cryptocurrency industry has matured dramatically since Bitcoin’s launch. Thousands of assets now compete for attention, from Ethereum’s smart contract platforms to meme tokens and NFTs.

But XRP carved out a unique identity. Unlike most digital currencies, it was designed with a narrow purpose: to make global payments faster, cheaper, and more efficient.

This focus has given XRP adoption not only among traders but also among banks, remittance firms, and payment providers. While most crypto projects remain speculative, XRP has been tested in real settlement systems worldwide.

Pre-Mined Supply and Predictable Release
XRP’s structure differs from Bitcoin and Ethereum, which release coins through mining. At launch in 2012, 100 billion XRP were created in advance. Ripple Labs placed much of this supply in escrow accounts for gradual release.

Supporters say this makes XRP’s circulation transparent and predictable, while critics warn it concentrates control. Either way, the model offers institutions more familiarity than the uncertainty of mined assets.

Fast and Low-Cost Transactions
Transactions on the XRP Ledger settle in 3–5 seconds, compared with Bitcoin’s 10 minutes or Ethereum’s congested minutes. Fees cost only fractions of a cent.

These advantages have been proven in remittance corridors worldwide. Ripple partnerships in Asia, Europe, and Latin America demonstrate how XRP cuts costs and delays in cross-currency payments—advantages few other blockchains can match.

Energy-Efficient Consensus Model
Unlike proof-of-work blockchains, XRP uses a consensus mechanism that avoids mining altogether. Validators agree on transactions without requiring massive electricity consumption.

According to CME data, an XRP transaction consumes just 0.0079 kWh, compared with Bitcoin’s 707 kWh. As institutions increasingly weigh ESG standards, XRP’s green profile stands out.

Purpose-Built for Payments
Bitcoin is “digital gold.” Ethereum is a decentralized app platform. XRP was purpose-built to bridge fiat currencies.

By serving as a liquidity asset, XRP allows banks to move money globally without pre-funded accounts. This saves institutions time and cost, turning XRP into a payments tool rather than just another speculative asset.

Advanced Features on the XRP Ledger
Beyond payments, the XRP Ledger includes a native decentralized exchange (DEX) and built-in asset tokenization. Developers can launch tokens, swap assets, and build applications directly at the protocol level.

This makes the ledger more versatile for financial applications than most other blockchains, while still keeping its payment-first design.

Proven Reliability and Long Track Record
Since 2012, the XRP Ledger has delivered over a decade of continuous uptime. Few blockchains can claim such consistency across multiple bull and bear cycles.

For enterprises considering blockchain, this reliability adds weight alongside innovation. Developers also benefit from XRPL.org’s tools and documentation.

Market Behavior and Independence
XRP shows weaker correlation with Bitcoin and Ethereum than most top assets. Studies suggest XRP’s moves are tied more to adoption and regulatory milestones than broader speculative cycles.

This relative independence makes it attractive for investors seeking diversification in the digital asset space.

Regulatory Clarity and Ripple’s Influence
Ripple Labs has played a unique role in XRP’s adoption, pushing for global licensing and enterprise partnerships. In the U.S., court rulings in 2023–24 declared XRP itself not a security, giving it rare clarity compared with other crypto assets.

Ripple’s advocacy has added legitimacy, giving XRP both a decentralized ledger and a corporate champion—a combination few projects enjoy.

Why This Matters
XRP is different because it wasn’t built to follow hype cycles. Its pre-mined, escrow-controlled supply, fast settlement, low fees, and energy efficiency give it structural advantages. Its track record, enterprise adoption, and regulatory clarity give it credibility.

In a crowded field of speculative cryptocurrencies, XRP’s clarity of purpose—to move money like information: fast, cheap, and borderless—is what makes it stand apart.

@ Newshounds News™
Source: Coindoo   

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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

FBI, Cybersecurity Experts Warn Of 3-Phase Scam That Is Draining Bank Accounts

FBI, Cybersecurity Experts Warn Of 3-Phase Scam That Is Draining Bank Accounts

Jeremy Tanner  Sat, August 30, 2025 

(NEXSTAR) – A multi-phase scam credited with emptying the financial accounts of numerous Americans – many of whom were nearing the age of retirement – is again making headlines after the FBI recently issued a warning.

Unlike many scams, “Phantom Hacker” attacks often come in three distinct phases, each building on the last to thoroughly convince the victim to allow access to their funds.

“Victims often suffer the loss of entire banking, savings, retirement, or investment accounts under the guise of ‘protecting’ their assets,” the FBI said in a news release.

Aaron Rose, security architect manager at cybersecurity firm Check Point Software, told Nexstar in an email that the crooks often use victims’ personal interests against them. Fans of vintage cars, antique watches or other items might post publicly on social media, making them vulnerable to bad actors.

 “Criminals use personal interests to make their criminal actions appear authentic which decreases the chances of being caught,” Rose said, adding, “AI technology can analyze social media content to detect personal interests and life milestones which allows it to generate messages that seem personalized.”

Since 2024, the scam has reportedly been used to steal over $1 billion in funds, with the majority of victims being at least 60 years old, according to FBI data.

“These attacks are not just simple phone calls or phishing emails—they’re complex operations that involve multiple impersonators, spoofed phone numbers, and coordinated follow-ups,” Scott Davis, chairman of the Cybersecurity Association of Pennsylvania, said in a recent interview. “Seniors are being tricked into believing they’re protecting their money, when in reality they’re handing it straight to criminals.”

‘Tech support’ and the first phase

While pretending to work in tech support for a legitimate company, the scammer will use a phone call, text, email or pop-up window to contact the victim.

Once the victim calls for tech support help, the scammer instructs them to download a program giving access to the victim’s computer. After pretending to check the device for viruses, the scammer will then suggest the victim open financial accounts to look for unauthorized charges.

TO READ MORE:  https://news.yahoo.com/news/articles/fbi-cybersecurity-experts-warns-3-120000759.html

FRANK26….8-30-25…..ALOHA….BLUE

KTFA

Saturday Night video

FRANK26….8-30-25…..ALOHA….BLUE

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=-janqfK1pNw&t=558s

Gold Telegraph: The Blueprint for a New System

Gold Telegraph: The Blueprint for a New System

8-30-2025

The cost of finding new gold deposits has roughly DOUBLED over the past two decades, while the number and size of new discoveries have fallen to multi-decade lows… Gold is now at RECORD highs. The perfect storm is building?

BREAKING NEWS: FOREIGN CENTRAL BANKS NOW HOLD MORE GOLD THAN U.S. TREASURIES FOR FIRST TIME IN NEARLY 30 YEARS

Boom.

The world is watching gold. After years of ridicule, the tables have turned. I’ve always said it comes down to one battle: The US dollar vs. Gold. The dollar is at a RECORD low right now vs. Gold. Please don’t throw in the towel yet, gold is only starting to get to work.

BREAKING NEWS: SINGAPORE AND THE UNITED ARAB EMIRATES ARE PREPARING TO UNVEIL A NEW GROUPING TO BOOST TRADE

Blow after blow…

“WTO members seek to boost ‘trade openness’ in era of Donald Trump’s protectionism..”

Source: https://www.ft.com/content/d233de0d-ad0b-4483-9c7f-25d24a7b973a

The modern world is wired together by one metal: copper. The electrical grid is one of humanity’s greatest achievements. Copper is the b***d that keeps it alive.

No copper → no grid.
No grid → no modern world.

Every city, every light, every movement of power flows through copper veins carved from the earth. When copper moves, the economy breathes. When it stops, the world stalls. Focus on high-grade situations in good locations… That will be the next floodgate to open.

“Gold has already knocked out Treasuries. For nearly 50 years, bonds were the reserve asset. Now the chart says it all… gold won by knockout. Throw in the towel. It’s over.” — @LukeGromen

My conversation with Luke is almost over 400,000 views. Interesting times ahead.

https://twitter.com/i/status/1961532265990705481

China is considering rolling out yuan-backed stablecoins. But what if they could one day be redeemed for gold on the Shanghai Gold Exchange?

 That’s not just currency adoption… That’s a blueprint for a NEW system. The gold telegraph? Full circle. Have a nice weekend.

https://dinarchronicles.com/2025/08/30/gold-telegraph-the-blueprint-for-a-new-system/

Global Fractures and the BRICS Realignment

Global Fractures and the BRICS Realignment

Gregory Mannarino:   8-30-2025

Forget what you think you know about the future of global power. According to market analyst Gregory Mannarino, the anticipated collapse of the current international order isn’t a future prophecy – it’s actively unfolding right before our eyes.

 We’re not waiting for the system to break; we’re living through its profound transformation into something entirely new.

Mannarino’s insightful analysis paints a picture of a world in dynamic realignment, moving swiftly from a unipolar, dollar-dominated landscape to a fragmented, multipolar reality. Here’s a breakdown of the key elements driving this unprecedented shift:

The most striking observation is the emergence of regional fractures. Countries and alliances are increasingly isolating themselves from traditional structures, forming new blocs – what Mannarino provocatively calls “walls” – that represent the nascent outlines of future empires.

This isn’t just about diplomatic squabbles; it’s about fundamental shifts in strategic alignment and economic self-interest.

Beyond trade and payment systems, another crucial strategy employed by key players involves gold.

Both Russia and China are aggressively accumulating gold reserves, seeing it as a vital backstop for their currencies against the inherent instability of the current fiat money system, particularly the dominant U.S. dollar.

Mannarino even likens this national strategy to individuals acting as their own “central banks,” highlighting the importance of personal financial resilience. In a world of increasing instability, hedging against systemic risks by diversifying assets becomes not just a smart move for nations, but for individuals as well.

What does this all mean for us? We are witnessing a dynamic realignment in global power structures, economic systems, and strategic alliances.

The unipolar world governed by a single dominant force is giving way to a multipolar landscape where new centers of power, new currencies, and new economic strategies are emerging. This isn’t a theoretical concept; it’s a living, breathing reality unfolding daily.

Understanding these shifts isn’t just academic; it has profound implications for global stability, economic security, and international relations. The chessboard is being reset, and the game has already begun.

For a deeper dive into these critical insights and a comprehensive understanding of the forces shaping our world, watch the full video from Gregory Mannarino.

https://youtu.be/ucXOX4qFgmk

Iraq Economic News and Points To Ponder Saturday Afternoon 8-29-25

Dollar Prices On The Baghdad And Erbil Stock Exchanges At The Close

Stock Exchange  The US dollar exchange rate rose against the Iraqi dinar on Saturday evening in Baghdad and Erbil as the stock exchange closed.

Baghdad:  Selling price: 143,500 dinars for $100.      Buying price: 141,500 dinars for $100.

Erbil:  Selling price: 142,200 dinars for $100.   Buying price: 142,100 dinars for $100.https://economy-news.net/content.php?id=59422

Gold Prices Rise Again In Baghdad

Economy | 08/30/2025  Mawazine News - Baghdad -  The prices of foreign and Iraqi gold recorded a significant increase on Saturday in the local markets of the capital, Baghdad.

The selling price of one mithqal of 21-karat Gulf, Turkish and European gold in the wholesale markets on Al-Nahr Street was 700,000 dinars, while the purchase price reached 696,000 dinars. This increase comes compared to last Thursday's prices, when the selling price was 686,000 dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 670,000 dinars, while the purchase price reached 666,000 dinars.   https://www.mawazin.net/Details.aspx?jimare=265953

Iraqi Oil Prices Rise In Global Markets

 Economy | 10:55 - 08/30/2025  Mawazine News – Baghdad  Iraqi oil prices rose on Saturday during daily trading in the global market.

According to data reviewed by Mawazine News, Basra Medium crude rose to $70.11 per barrel, while Basra Heavy crude reached $66.91 per barrel, with a change rate of +0.94% for both.

Regarding global oil prices, British Brent crude recorded $68.12 per barrel, while US West Texas Intermediate crude recorded $64.01 per barrel, with changes rates of -0.59% and -0.50%, respectively. https://www.mawazin.net/Details.aspx?jimare=265947

The Central Bank Of Iraq Issues Instructions And Regulations To Regulate The Electronic Payment Process In Three Aspects.

Banks  Economy News – Baghdad  Central Bank Governor Ali Al-Alaq announced on Saturday the issuance of instructions and regulations to regulate electronic payments across three aspects. While revealing a mechanism for developing the electronic payment process, he also affirmed that all state institutions are required to use electronic payments, not cash.

Al-Alaq told the official news agency, as received by Al-Eqtisad News, that "electronic payment is witnessing significant development. It is a gateway to the digital transformation towards a digital economy, a larger issue related to economic structure and global interaction, to achieve greater financial inclusion. All of these aspects have become established and advanced strategies."

He pointed out that "the Central Bank, along with the government, the private sector, electronic payment companies, and technology companies, are all engaged in this massive and ongoing effort. We have regulatory and legislative technical initiatives and directions being worked on in coordination between the Central Bank of Iraq and the Iraqi government."

He added, "There is cooperation and coordination with the government through the decision issued by the Council of Ministers requiring all state institutions to use electronic payments instead of cash.

There is also the localization of salaries, which amounts to millions, in addition to public awareness being conducted through electronic payment companies and civil society organizations. There is growing community awareness."

He explained that "progress in electronic payments requires infrastructure, a legislative framework, and community awareness. These are three aspects that are being worked on diligently.

Much of the infrastructure at the Central Bank level has been completed in an advanced manner, fully in line with international practices and legislative frameworks. We have issued numerous instructions and regulations that regulate the process, but we need more in the third aspect, which is community and cultural awareness."  https://economy-news.net/content.php?id=59401

Tax Reform Committee: Recording A 20% Revenue Growth

Local  The Supreme Committee for Tax Reform confirmed on Saturday that private sector companies' voluntary disclosure activity increased by more than 40%, while revealing a 20% growth in revenues. It noted that cooperation with international institutions contributed to the implementation of tax reform within several parameters.

Khalid Al Jabri, a member of the Supreme Committee for Tax Reform, said: "The Tax Reform Conference for Economic Development and Investment Stimulation, held last week, reflects a broad package of reform measures implemented over the past months."

 He noted that "the conference includes a presentation of digital repercussions, including the growth in tax revenues last year compared to the previous year by more than 20%, with growth this year expected to reach between 30 and 35%."

He added, "These repercussions have contributed to revitalizing the commercial registry, through a number of private sector companies' willingness to voluntarily file a declaration. Activity in this area has increased by more than 40%, indicating the presence of an economic movement that has begun to enhance confidence between the General Tax Authority and taxpayers."

He noted that "this confidence has begun to crystallize through the facilitation of business facilitation procedures, which has led to a gradual growth in economic activity."

Al-Jaberi explained that "there is cooperation with international institutions, such as the Center for Tax and Investment in Washington, which has helped the Higher Committee address many of the constraints facing tax reform, in addition to harmonizing Iraqi standards with international standards, with the aim of strengthening the economic environment in Iraq and attracting foreign companies to invest in the country."  https://economy-news.net/content.php?id=59429

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 8-30-25

Good Afternoon Dinar Recaps,

Trump vs BRICS: The Hidden Role of US Policy in China’s Expansion

Tensions between the Trump administration and the BRICS bloc have been steadily escalating, with Trump threatening tariffs and taking a confrontational stance toward China and its partners. This marks a sharp departure from the previous U.S. approach, and it is reshaping global dynamics as BRICS expands its influence over nearly 40% of global GDP.

Policy Reversal Shows Trump vs BRICS Approach

While the Biden administration largely dismissed BRICS as a non-threatening coalition, Trump has taken a dramatically different line.

National Security Advisor Jake Sullivan previously remarked:

“We are not looking at the BRICS as evolving into some kind of geopolitical rival to the United States or anyone else.”

By contrast, since winning the 2024 election, Trump has repeatedly threatened tariffs against BRICS countries while criticizing the bloc’s initiatives. His sharp rhetoric has drawn attention, although at times his grasp of the group has appeared limited—Trump once incorrectly claimed Spain was a member, and later admitted uncertainty about China’s role in BRICS:

“I don’t even know that they’re a member of BRICS.”

How Tensions Drive BRICS Expansion

Former U.S. Ambassador to China Nicholas Burns revealed at the Aspen Security Forum that Trump’s aggressive approach toward China and U.S. allies inadvertently fueled BRICS growth.

Burns explained:

“I think they were threatened. I felt it in my bones as I talked to them over the last couple of years.”

According to Burns, Beijing responded by working harder to strengthen BRICS alliances:

“What did they try to do? They tried to build the BRICS up.”

He also noted that allies across Europe, NATO, and the Indo-Pacific were aligned in their efforts to counter China, which reinforced Beijing’s determination to deepen ties within BRICS.

Dollar Challenge Gets Serious

Trump has consistently emphasized his determination to protect the U.S. dollar’s dominance:

“The dollar is king. We’re going to keep it that way.”

But BRICS has been actively building alternative financial systems, including:

• The New Development Bank

• The BRICS PAY system

• Regional settlement mechanisms designed to reduce reliance on the U.S. dollar

With new members such as Egypt, Ethiopia, Iran, and the UAE, BRICS now represents a formidable coalition pushing for de-dollarization.

Burns explained that Trump’s tariff threats, combined with the strength of allied coordination, left China feeling cornered:

“The Chinese were threatened by the strength of the allies pushing together against them.”

Future Relations Look Complicated

Economist Richard Wolff offered a stark assessment of what these developments could mean for U.S. influence:

“In a way, the United States peaked, its empire peaked, and it is now being challenged. Pay attention to the BRICS.”

Burns added his own warning about Trump’s approach to U.S. partners:

“You can’t make our allies feel subservient to the United States.”

As BRICS continues to expand—now accounting for roughly 40% of the world’s population and economic output—Trump’s aggressive stance may inadvertently accelerate membership growth and further strengthen the bloc’s challenge to U.S. global leadership.

@ Newshounds News™
Source: Watcher Guru

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