A New Currency System is Emerging
Matthew Piepenburg: A New Currency System is Emerging
Palisades Gold Radio: Sep 24, 2021
Tom welcomes Michael Piepenburg from Matterhorn Asset Management to the show. Michael discusses how everything is backward and nothing is real anymore.
During Alan Greenspan's time at the Fed everything changed and Wall Street has become a circus. Today's policies would have been unthinkable back in the 90s. Fundamentals barely matter and the new solutions are toxic.
Matthew explains how value investing today has become distorted because everything is momentum-driven. The Fed has other magic tricks in reserve like SRF which is QE under a new name. Tapering is no longer possible and they will only give it lip service.
We passed 100% of Debt to the GDP level back in 2019 and it's only worsened since.
The U.S. will print whatever it wants and thus the value of the currency will be destroyed. At a grass root level, inflation is starting to hurt people. This inflation is exported and we're making a mockery of the reserve currency.
This will end badly.
Basel III was created to curtail some of the leverage in the banking system but the Fed continues to backstop many banks.
Wall Street and the Fed have a toxic relationship. Markets are artificial and this will continue until inflation becomes too painful.
A new Bretton Woods restructuring is coming and they are using the pandemic to justify spending. The financial problems today are blamed on Covid and the fifty years of money printing are overlooked.
Central Bank Digital Currencies will simply be a temporary band-aid on a broken system. Ultimately this will be a tailwind for gold.
Inflation today is over twelve percent when calculated as done in the 70s. They want high inflation since this is the only politically viable way of addressing some of the debt issues.
The market believes in the narrative of transitory inflation. Once faith is lost gold will take off. Gold is currency insurance. Price matters but very soon preserving purchasing power will matter more.
Time Stamp References:
0:00 – Introduction
0:34 - Nothing is Real
5:09 - Valuation Metrics
6:37 - Fed Tricks
10:29 - MMT Debts Matter?
12:56 - Debt to GDP
16:49 - Gold & Repos
27:24 - Foreign Repos
31:53 - IMF, SDR's, and Gold
39:38 - Eye of the storm?
45:22 - Silver
48:28 - Wrap Up
Talking Points From This Episode
- Market distortions, valuations, and why everything is momentum-based.
- Fed's magic tricks and unsustainable debt levels.
- CBDCs, inflation, the end of the dollar, and gold.
Good Afternoon Dinar Recaps,
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Coffee with MarkZ, joined by Dr. Scott Young. 10/08/2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: The move to 1500 still has people scratching their heads, middle east politics, Europe and then Dr. Scott joins us to take your questions.
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
Ariel: Four Signals Flying Under the Radar
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THE FOUR UNDER-RADAR ITEMS FIRST
TNT:
Tishwash: Al-Masoudi: Al-Zaidi gave the green light to American companies to take control of energy projects.
Former Member of Parliament Riyadh al-Masoudi asserted on Thursday that Prime Minister Ali Faleh al-Zaidi has given American companies the green light to completely control energy projects in Iraq, without any restrictions or conditions.
Al- Masoudi told the Information Agency, "Prime Minister Ali Faleh al-Zaidi is merely a listener and executor of Trump and his administration's directives. He is the weakest link in implementing Washington's policies, even though they are not in the interest of the Iraqi people. Moreover, al-Zaidi has given American companies the green light to completely control energy projects and other vital projects without any restrictions or conditions."
Emailed to Recaps~ Thank you David
Reset Intelligence: The Day the IQD Shut Baghdad's Markets
By Reset Intelligence | @EXIT_FIAT
The first trading day of Iraq's new dinar rate ended with two of Baghdad's main wholesale markets locked.
The dollar on the street went up, not down. Baghdad closed Wednesday at 167,000 IQD for $100, against just above 163,000 before the decision.
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Good Morning Dinar Recaps,
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by Phoenix Capital Research Tuesday, Oct 06, 2026 - 8:20
In late September, Treasury Secretary Scott Bessent brought Judy Shelton into his office as Counselor to the Secretary. Most of the coverage treated it as a personnel note about a longtime gold advocate. I think the more useful question is a simple one: why would Treasury want her, and why now? Start with the problem Bessent is trying to solve.
Treasury has to sell trillions of dollars in long-term debt to finance a national debt that has passed $40 trillion.
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The global financial community and foreign currency enthusiasts were recently taken by surprise by an unexpected policy shift from the Central Bank of Iraq (CBI).
In a move that blindsided many analysts who had been tracking Iraq’s economic reforms, the central monetary authority officially adjusted the exchange rate of the Iraqi dinar against the United States dollar.
KTFA
Wednesday Night Video
FRANK26…10-7-26….STRATEGIC STEP
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Iraq’s Dollar Rate Increase Draws Lawmaker Backlash
2026-10-07 Shafaq News- Baghdad Iraq’s Finance Ministry said on Wednesday that it had adopted a base exchange rate of 1,500 Iraqi dinars per US dollar and suspended advance customs payments, prompting lawmakers to seek an emergency parliamentary session to reverse the currency decision.
What Makes The Federal Reserve Decide To Raise Or Lower Interest Rates?
Sep 28, 2026 Economic outlook Hilarey Gould Editorial staff, J.P. Morgan Wealth Management
As the United States’ central bank, the Federal Reserve (Fed) exists to promote the overall strength, stability and well-being of the U.S. economy.
As part of its monetary policy function, the Fed adjusts the federal funds rate to help meet its so-called dual mandate: controlling inflation and supporting maximum employment.
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“Ladies & Gentlemen, Start Your Engines!”
See what is converging?
Not rumor.
Not one announcement.
Architecture.
China’s New Gold System Takes Aim at the Dollar
Taylor Kenny: 10-7-2026
China is buying gold, reducing its reliance on U.S. debt, and expanding systems that could bypass the dollar. If this trend continues, the impact on inflation, retirement savings, and purchasing power could be enormous.
In a recent analysis by ITM Trading, financial experts explore how China’s persistent gold accumulation, massive infrastructure investments, and deliberate moves away from the U.S. dollar point toward preparation for a brand-new global monetary order.
Bruce’s Big Call Dinar Intel Tuesday Night 10-6-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome everybody to the big call. It is Tuesday, October. Thank you, October 6, and you're listening to the big call. Thanks, everybody, for tuning in again. Yes, I am back for tonight's call, and expect to be here to take us all the way through the end of this thing that we're in right now. I don't know what else to call it, but thank you for joining us, everybody. I'm looking forward to my segment tonight, but I always look forward to hearing from Sue and Bob.
So let's take a look at where we are on the Intel side. First, I want to thank Sue and Bob for taking the call last Thursday night on the first. Taking that and doing a great job with the call and the Intel. And what I'm going to do is bring to you where I believe we are.
Good Afternoon Dinar Recaps,
GLOBAL DEBT RESET WATCH: IMF WARNS OF ENERGY AND DEBT SHOCK AS FED SIGNALS MORE RATE HIKES
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Coffee with MarkZ, joined by Zester. 10/07/2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: No Andy this morning as he is on an airplane but expects to join us this evening. Decoding the exchange rate move to 1520, and more before Zester joins us to talk tokenization.
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
Ariel: Why you Should be Excited about this
10-7-2026
Why You Should Be Excited About This
Eighty-five billion in foreign currency reserves is the war chest that makes a revaluation defensible instead of speculativewhen the CBI moves the rate, those reserves are the guarantee that the new value holds against any market pressure or speculative attack.
Emailed to Recaps~ Thank you David
Reset Intelligence: Devalue, Delete, Revalue
By Reset Intelligence | @EXIT_FIAT
For about a week one theory has circulated in the dinar community: Iraq lowers the IQD first, deletes the zeros, and only then raises the rate.
This morning the first step happened. Iraq's Council of Ministers approved a new rate and the Central Bank adopted it: 1,500 IQD to the dollar buying from the Finance Ministry, 1,510 selling to the banks and 1,520 selling to the public.
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