Ex-Fed governor calls for a new Treasury-Fed accord

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Date: July 17, 2025

🏦 Former Fed Governor Kevin Warsh called for a “regime change” at the Federal Reserve and a new policy alliance with the Treasury, citing the Fed’s reluctance to cut rates as a major failure. Warsh, reportedly a finalist to replace Chair Jerome Powell, told CNBC’s Squawk Box: “We need a new Treasury-Fed accord,” referencing the post-WWII coordination of debt management.
His stance aligns with Trump’s call for lower rates to ease the burden of the $36 trillion U.S. debt. Asked if Powell should be fired, Warsh responded, “Regime change will happen in due course.”
Source: CNBC / Squawk Box, July 2025

The largest package of tax cuts

President Donald Trump: We passed the largest package of tax cuts in American history, saving the average family of four over $5,000 a year.
Source:www.youtube.com

What is Special Drawing Right (SDR)

The SDR was initially defined as equivalent to 0.888671 grams of fine gold-which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system, the SDR was redefined as a basket of currencies.
Source: www.imf.org

Argentina abolishes income tax

Argentina's government, ahead of a critical October 22nd election, has surprised many by announcing a tax exemption for millions of citizens, sparing them from income tax payments.
This move, amidst rampant inflation, directly contradicts Argentina's IMF deal, causing controversy.
It's seen as a political strategy to win favor in the election, but critics worry about its impact on fiscal responsibility and economic stability.
This decision underscores the intricate relationship between economic policy and politics in Argentina and raises questions about the nation's global financial reputation.

Prepaid Debit Cards, Digital Dollars To Each American

Unprecedented Monetary Overhaul: Cleveland Fed president Loretta Mester Hints Fed Is Preparing To Deposit Digital Dollars Directly To Each American.
If anyone has actually been paying attention. This was announced months ago. Trump debit cards on the way!
Treasury Secretary Steve Mnuchin shows the new prepaid debit card that will be sent to Americans receiving coronavirus relief.
Sources:www.youtube.com, www.zerohedge.com

Islamic finance embraces fintech with gold-backed debit card

Wahed opens London office, launches gold-backed debit card for Muslims.
Gold-backed debit cards and wealth management offers a form of banking that is free from interest, speculation, and inflationary currencies.
Source: finance.yahoo