Assets That Will Save You in the Currency Reset
Alfonso Peccatiello: Assets that Will Save You in The Currency Reset
Palisades Gold Radio: Jan 29, 2022
Tom welcomes Alfonso Peccatiello author of the Macro Compass Substack to the show.
Alfonso discusses the main drivers of economic growth and the effects of demographics. The labor force had been growing before the 80s but now with fewer children and older populations, it has plateaued and begun to decline.
These changes are long-term and structural.
After 1971 and the scrapping of the gold standard there was a shift back to a fully elastic credit system. Hard assets are no longer required to back the currency.
Society wants annual growth higher than one percent and today we use credit to expand the money supply. This can promote growth as it causes people to feel more wealthy which encourages spending.
Alf explains how there are two different forms of money in the system today. One is bank reserves and the other is the real economy.
Q.E. expands the central bank balance sheet reserves but these reserves never flow to the real economy. They are used between banks to settle payments.
Q.E. creates secondary and tertiary effects that eventually reach the stock markets and affect asset prices.
Reverse Repos operate as a relief valve for excess reserves because the Fed wants to keep bond yields in positive territory. So Repo’s is a facility where banks can park reserves and receive a small yield instead of purchasing bonds.
The main reason that bonds are bought today is due to regulatory requirements. Banks are required to hold bonds which are considered liquid assets. Pension funds also buy long-term bonds as a hedge to mitigate future risk.
He explains the Fed's approach to maintaining their dual mandate of full employment and price stability. Currently, they are in a very tight spot as inflation is running hot. The system is built around debt and is 'working' according to the establishment.
There are no politically acceptable alternatives therefore the existing system is just extended by whatever means necessary.
Lastly, he discusses his approach to protecting his portfolio in this debt-based system.
Talking Points From This Week's Episode
- Why the long-term drives of economic growth have peaked.
- How the modern unbacked elastic credit system operates.
- The two forms of money and why they are often confused.
- The Fed’s approach to price stability and full employment.
Time Stamp References:
0:00 - Introduction
1:06 - Economic Growth Drivers
4:00 - Technology & Productivity
6:17 - Debt Compensation
9:46 - Q.E. & Asset Prices
14:43 - Reverse Repos
18:43 - Taper Tantrums
22:44 - Real Bond Yields
25:34 - Feds Dual Mandate
29:20 - Can Kicking
34:39 - Risk Positioning
38:30 - Wrap Up
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Tishwash: The US Treasury lifts restrictions on a number of Iraqi exchange companies - Breaking News
The US Treasury lifts restrictions on Iraqi exchange companies
The US Treasury Department has lifted restrictions on a number of Iraqi exchange companies, after verifying that they meet the compliance standards approved by the Central Bank of Iraq, allowing them to return to participating in dollar sales to travelers.
This step comes as part of strengthening compliance with regulatory controls and organizing foreign currency sales operations in accordance with approved frameworks.
KTFA:
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A Good Week To Be On A Government Payroll
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It was a good week to be on a government payroll and a bad one to be paying for it. Here are a few of the most absurd stories from the last several days in case you missed them.
Too tired to go to work? The Australian government has your back!
Source: Over $11M Missing From Iraqi State Bank
2026-10-17 Shafaq News- Baghdad
More than 17 billion Iraqi dinars ($11.18 million) in collected revenues and funds held in electronic accounts have reportedly gone missing from a state-owned bank, a source familiar with the matter told Shafaq News on Saturday.
KTFA
Saturday Night Video
FRANK26…10-17-26….”REQUIRED LOAN
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#
Ariel: What is Not Feasible for Iraq
10-17-2026
In My Opinion- What Is Not Feasible For Iraq
Iraq cannot formally submit a credible, WTO-compliant 2027 budget using a phantom program rate (1,310) that nobody not the IMF, not the World Bank, not their own central bank governors believes reflects economic reality.
A budget denominated in a currency that has no operational international Forex rate is a fiscal fiction. It cannot be audited. It cannot be stress-tested.
TNT:
Tishwash: President Al-Zaydi: The cabinet formation is complete and we have filled the vacant portfolios.
Prime Minister Ali Faleh al-Zaidi confirmed on Thursday that the cabinet formation is complete five months after the government was formed, stressing the commitment to implementing the government program's priorities and responding to the aspirations of Iraqis.
Al-Zaydi said in a statement received by Iraq Observer that the government has worked diligently and persistently over the past months under extremely complex internal and external circumstances, explaining that the war in the region has imposed, and continues to impose, exceptional economic challenges on Iraq, in addition to security challenges that require the highest levels of responsibility and vigilance.
Why Are Central Banks Buying So Much Gold in 2026?
Published: 10-05-2026 De-dollarization is the gradual shift by central banks away from holding the US dollar as their dominant reserve asset. In practice, that usually means adding gold and other currencies instead. In 2026, this shift stopped being a theory investors had to take on faith.
Specifically, it is now a documented pattern, visible in the World Gold Council’s own survey data and in the IMF’s own reserve statistics.
Good Afternoon Dinar Recaps,
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Record external debt, shrinking foreign aid and rising financing costs are pushing developing nations to seek new ways to fund growth and reshape their relationships with global financial institutions.
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For a lot of Americans, the beachfront condo has become unattainable. In Naples, Florida, the median beachfront condo on the market is listed at about $2 million. And that’s before factoring in condo fees and skyrocketing insurance costs.
Now compare that to an apartment we found during research for members of our flagship service, Plan B Confidential, in João Pessoa, a midsize beach city on Brazil's northeast coast.
Part 2: A Secret Global Monetary Reset Has Started (Watch Before This Video Is Banned)
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Chapter 4: Bank creation of money
I'm going to show you how these banks create the dollars, create the money supply, and how that in and of itself creates a tremendous amount of demand for dollars and treasuries.
What we have is a debt based monetary system. I'm sure you guys have heard that term before. And essentially what that means, whether we like it or not, is money or currency, whichever term you want to use, is really debt.
A Secret Global Monetary Reset Has Started (Watch Before This Video Is Banned) Part 1
George Gammon: 10-17-2026
Chapter 1: The global monetary reset
A global monetary reset is happening right now. And I can assure you it is nothing like what you've been told. You think it's about oil and the petro dollar, but it's not. It's about debt.
It's about trillions and possibly quadrillions of dollars in debt. This is the biggest monetary reset in the history of the world. It might even be the biggest event the world has ever seen. And it's happening in secret.
MilitiaMan & Crew: The Bank File They Don't Want You To See
10-1702926
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
The International Monetary Fund pledges financial and economic support to Iraq; a forthcoming loan program opens the door to reforms.
Last updated: October 17, 2026 The Independent / Baghdad – The Managing Director of the International Monetary Fund, Kristalina Georgieva, announced on Saturday, October 17, 2026, the Fund’s intention to provide strong support to Iraq through a loan program requested by the Iraqi authorities, in addition to supporting economic and financial policies, in a move that may represent a new phase of cooperation between Baghdad and international financial institutions.
Good Morning Dinar Recaps,
GLOBAL DEBT RESET WATCH: IMF MEMBERS CALL FOR MORE SUPPORT AS WAR AND ENERGY COSTS PRESSURE ECONOMIES
International financial leaders are calling for greater support for vulnerable economies as conflict, rising energy costs, mounting debt and rapid technological change test the resilience of the global financial system.
KTFA
Friday Night Video
FRANK26…10-16-26….BUDGET NEXT
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#
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
TIER 4B – ISO 20022: The First 72 Hours After the Appointment
TIER 4B – ISO 20022
Telegram 10/17/2026
https://t.me/Tier4B_ISO20022
YOUR FIRST 72 HOURS AFTER THE APPOINTMENT, WHAT TO DO AND WHAT NOT TO DO
CBI Launches Digital Damaged Note Swaps
2026-10-18 05:27Shafaq News- Baghdad Iraqis can now apply online to replace damaged banknotes under a new Central Bank of Iraq (CBI) service designed to make the process faster and easier. The system allows citizens to submit replacement requests through the Ur electronic platform by entering the required information and confirming their applications. The CBI will then process the requests through its relevant departments, according to a statement.
Good Afternoon Dinar Recaps,
GLOBAL FINANCIAL SECURITY RESET WATCH: AI CYBER THREATS PUSH FINANCIAL LEADERS TOWARD GREATER COOPERATION
G7 finance leaders are planning cybersecurity simulations as the IMF warns that increasingly sophisticated AI-driven attacks could threaten confidence in banks, payment networks and the wider financial system.
TNT:
Tishwash: The US Treasury lifts restrictions on a number of Iraqi exchange companies - Breaking News
The US Treasury lifts restrictions on Iraqi exchange companies
The US Treasury Department has lifted restrictions on a number of Iraqi exchange companies, after verifying that they meet the compliance standards approved by the Central Bank of Iraq, allowing them to return to participating in dollar sales to travelers.
This step comes as part of strengthening compliance with regulatory controls and organizing foreign currency sales operations in accordance with approved frameworks.
KTFA:
Clare: Iraq Budget Bill Sent Back to Finance Ministry for Revisions
The 2027 draft budget bill has been returned to the Ministry of Finance to conduct necessary modifications and revisions
Good Morning Dinar Recaps,
GLOBAL FINANCIAL RESET WATCH: IMF AND WORLD BANK MEETINGS EXPOSE GROWING DEBT AND COOPERATION CHALLENGES
The IMF and World Bank's October meetings highlighted how rising borrowing costs, geopolitical conflict and uncertainty surrounding artificial intelligence are complicating the search for sustainable global economic growth.
A Good Week To Be On A Government Payroll
Notes From the Field By James Hickman (Simon Black / Sovereign Man) October 16, 2026
It was a good week to be on a government payroll and a bad one to be paying for it. Here are a few of the most absurd stories from the last several days in case you missed them.
Too tired to go to work? The Australian government has your back!
Source: Over $11M Missing From Iraqi State Bank
2026-10-17 Shafaq News- Baghdad
More than 17 billion Iraqi dinars ($11.18 million) in collected revenues and funds held in electronic accounts have reportedly gone missing from a state-owned bank, a source familiar with the matter told Shafaq News on Saturday.
KTFA
Saturday Night Video
FRANK26…10-17-26….”REQUIRED LOAN
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#
Ariel: What is Not Feasible for Iraq
10-17-2026
In My Opinion- What Is Not Feasible For Iraq
Iraq cannot formally submit a credible, WTO-compliant 2027 budget using a phantom program rate (1,310) that nobody not the IMF, not the World Bank, not their own central bank governors believes reflects economic reality.
A budget denominated in a currency that has no operational international Forex rate is a fiscal fiction. It cannot be audited. It cannot be stress-tested.
TNT:
Tishwash: President Al-Zaydi: The cabinet formation is complete and we have filled the vacant portfolios.
Prime Minister Ali Faleh al-Zaidi confirmed on Thursday that the cabinet formation is complete five months after the government was formed, stressing the commitment to implementing the government program's priorities and responding to the aspirations of Iraqis.
Al-Zaydi said in a statement received by Iraq Observer that the government has worked diligently and persistently over the past months under extremely complex internal and external circumstances, explaining that the war in the region has imposed, and continues to impose, exceptional economic challenges on Iraq, in addition to security challenges that require the highest levels of responsibility and vigilance.
Why Are Central Banks Buying So Much Gold in 2026?
Published: 10-05-2026 De-dollarization is the gradual shift by central banks away from holding the US dollar as their dominant reserve asset. In practice, that usually means adding gold and other currencies instead. In 2026, this shift stopped being a theory investors had to take on faith.
Specifically, it is now a documented pattern, visible in the World Gold Council’s own survey data and in the IMF’s own reserve statistics.
Good Afternoon Dinar Recaps,
GLOBAL DEBT RESET WATCH: DEVELOPING NATIONS FACE RECORD DEBT AS NEW FINANCING MODELS EMERGE
Record external debt, shrinking foreign aid and rising financing costs are pushing developing nations to seek new ways to fund growth and reshape their relationships with global financial institutions.
You Could Earn 6% On Your ‘Plan B’ Home Abroad
Note From the Field By James Hickman (Simon Black / Sovereign Man) October 15, 2026
For a lot of Americans, the beachfront condo has become unattainable. In Naples, Florida, the median beachfront condo on the market is listed at about $2 million. And that’s before factoring in condo fees and skyrocketing insurance costs.
Now compare that to an apartment we found during research for members of our flagship service, Plan B Confidential, in João Pessoa, a midsize beach city on Brazil's northeast coast.
Part 2: A Secret Global Monetary Reset Has Started (Watch Before This Video Is Banned)
George Gammon: 10-17-2026
Chapter 4: Bank creation of money
I'm going to show you how these banks create the dollars, create the money supply, and how that in and of itself creates a tremendous amount of demand for dollars and treasuries.
What we have is a debt based monetary system. I'm sure you guys have heard that term before. And essentially what that means, whether we like it or not, is money or currency, whichever term you want to use, is really debt.
A Secret Global Monetary Reset Has Started (Watch Before This Video Is Banned) Part 1
George Gammon: 10-17-2026
Chapter 1: The global monetary reset
A global monetary reset is happening right now. And I can assure you it is nothing like what you've been told. You think it's about oil and the petro dollar, but it's not. It's about debt.
It's about trillions and possibly quadrillions of dollars in debt. This is the biggest monetary reset in the history of the world. It might even be the biggest event the world has ever seen. And it's happening in secret.
MilitiaMan & Crew: The Bank File They Don't Want You To See
10-1702926
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
The International Monetary Fund pledges financial and economic support to Iraq; a forthcoming loan program opens the door to reforms.
Last updated: October 17, 2026 The Independent / Baghdad – The Managing Director of the International Monetary Fund, Kristalina Georgieva, announced on Saturday, October 17, 2026, the Fund’s intention to provide strong support to Iraq through a loan program requested by the Iraqi authorities, in addition to supporting economic and financial policies, in a move that may represent a new phase of cooperation between Baghdad and international financial institutions.
Good Morning Dinar Recaps,
GLOBAL DEBT RESET WATCH: IMF MEMBERS CALL FOR MORE SUPPORT AS WAR AND ENERGY COSTS PRESSURE ECONOMIES
International financial leaders are calling for greater support for vulnerable economies as conflict, rising energy costs, mounting debt and rapid technological change test the resilience of the global financial system.
KTFA
Friday Night Video
FRANK26…10-16-26….BUDGET NEXT
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#
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
TIER 4B – ISO 20022: The First 72 Hours After the Appointment
TIER 4B – ISO 20022
Telegram 10/17/2026
https://t.me/Tier4B_ISO20022
YOUR FIRST 72 HOURS AFTER THE APPOINTMENT, WHAT TO DO AND WHAT NOT TO DO