Notes From The Field By Simon Black
October 1, 2019 En Route to Chile
1,015,736,491,184 Reasons To Have A Plan B
Precisely one year ago today, the US federal government opened Fiscal Year 2019 with a total debt level of $21.6 trillion:
Specifically, the US federal debt on October 1st last year was $21,606,948,183,180.23
Today is the start of the government’s 2020 Fiscal Year. And the total debt is now $22,622,684,674,364.43
That means they accumulated more than $1 TRILLION in new debt over the course of the 2019 Fiscal Year.
Think about that for a moment:
FY2019 was, literally, the BEST year EVER measured by short-term US financial performance. The stock market reached an all-time high. Real estate prices reached an all-time high.
Corporate profits are at record highs. Personal income is at a record high. Unemployment is hovering near an all-time low.
And all of these factors drove US government tax revenue to an all-time high; Uncle Sam has never had more income in its entire history.
Plus, there were no major foreign wars or natural disasters. No banking crises or economic panics. No massive bailouts.
And if you recall, the US government was shut down for most of the month of January due to a budget conflict, so federal spending was at a minimum for a good chunk of the year.
Yet despite this bonanza of good news, the national debt STILL increased by more than a trillion dollars!
HOW IS THAT EVEN POSSIBLE??
Here’s an even more startling way of looking at it:
In Fiscal Year 2012, the government spent $359 billion paying interest on its debt. In Fiscal Year 2015 they spent $402 billion. In FY2017, $458 billion.
In the Fiscal Year 2019 that just closed yesterday, they spent more than $540 billion just paying INTEREST on the debt.
Do you see the pattern?
To continue reading, please go to the original article here:
https://www.sovereignman.com/trends/1015736491184-reasons-to-have-a-plan-b-25656/
Al-Jubouri: Raising The Dollar Exchange Rate Doubles Agricultural Production Costs By 20%
The former member of the Parliamentary Committee on Agriculture and Water, Thaer al-Jubouri, confirmed on Friday that agricultural production costs in Iraq have increased by 15 to 20 percent following the rise in the dollar exchange rate, noting that this will place a heavy burden on farmers in the country.
Good Afternoon Dinar Recaps,
GLOBAL PAYMENTS RESET WATCH: BIS EXAMINES THE FUTURE OF CENTRAL BANK MONEY IN A DIGITAL FINANCIAL SYSTEM
The Bank for International Settlements is examining how central banks can preserve trust in money as digital payments, tokenized deposits, stablecoins, and new financial platforms reshape the global payment system.
TNT:
Tishwash: Al-Fariji: The revenue generated from the change in the exchange rate does not represent a profit.
Crisis expert Ali Al-Fariji confirmed that the revenue generated from the increase in the dollar exchange rate against the dinar does not represent a net gain added to the state treasury.
Al-Fariji told Al-Maalouma that "raising the exchange rate of the dollar against the Iraqi dinar in the local markets may provide quick liquidity, but it does not represent a financial reform in itself."
He added that "real reform lies in building a multi-source revenue system, recovering funds and assets, reducing waste, and transforming the economy from dependence on oil and dollar pricing to financial management that measures results and creates real and sustainable revenues for the state."
Rob Cunningham: The Liquidity Revolution
10-30-2026
THE LIQUIDITY REVOLUTION: WHAT’S IN IT FOR HUMANITY?
A world rich in assets should ask a profound question:
WHY IS FINANCING PRODUCTIVE WORK SO DIFFICULT?
A farmer owns land – but needs equipment.
A manufacturer owns assets – but needs working capital.
A community has builders, materials and willing workers – but needs financing.
Stern Drew: Russia Showcases New Payment Infrastructure using Blockchain
10-30-2026
Russia Has Officially Showcased A New Payment Infrastructure Using Blockchain To Ditch The Dollar
At the International Economic Forum, Putin had also dropped this absolute BOMBSHELL:
“Any country can at any moment be deprived of access to its legitimate assets, which are placed in dollars or euros, as well as to Western financial payment infrastructure.
Bruce’s Big Call Dinar Intel Thursday Night 10-29-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome, everybody, to the Big Call tonight. It's Thursday, october 29, and you're listening to the Big Call. Thanks, everybody, for tuning in again. We're on our regular Tuesday, Thursday, Tuesday, Thursday night pattern, which is good. We're still we're back, and we look forward to putting out a nice call tonight for everybody.
The US Changed the Dollar Before. Why Wasn’t it political Suicide?
Lynette Zang: 10-28-2026
Could the U.S. reset the dollar overnight without political consequences?
Lynette Zang examines how the government changed the rules governing the dollar in 1933 and 1971, why Nixon won reelection after closing the gold window, and how these monetary shifts continue to impact your purchasing power.
Discover why understanding monetary history, inflation, and direct ownership of physical gold and silver matters when protecting your wealth and financial sovereignty.
Ariel: IQD Holders will want to Read this
10-29-2026
You Want To Read This IQD Holders:
RLUSD on Coinbase means Ripple’s stablecoin is now on the largest US crypto exchange. That expands access for retail and institutional players. RLUSD runs on the XRP Ledger (XRPL). The XRPL is an ISO-20022-compliant blockchain. The GENIUS Act framework governs stablecoins in the US. RLUSD has OCC approval for its national trust bank charter.
Why does this matter for IQD specifically?
Reset Intelligence: Iraq's Central Bank Denies Printing New Notes.
By Reset Intelligence | @EXIT_FIAT
On Thursday the governor of Iraq's Central Bank, Nizar Nasser Hussein, told parliament's Investment and Development Committee that talk of new banknotes being printed is inaccurate. There is no printing, he said, and the gap between the bank's dollar price and the street's is down from 24% to 9%.
In August, lawmakers who sat with the bank described the new series as designed and ordered. Days later the bank denied it.
Good Morning Dinar Recaps,
GLOBAL ENERGY RESET WATCH: STRAIT OF HORMUZ TANKER ATTACK RENEWS FEARS OF OIL SUPPLY DISRUPTION
A reported attack on a commercial tanker in one of the world's most important oil corridors is adding fresh pressure to energy markets already facing geopolitical uncertainty.