"Bubbles ALWAYS Implode" David Hay
David Hay: Bubbles ALWAYS Implode
Palisades Gold Radio: 7-20-2022
Tom welcomes a new guest, David Hay, to the show. David is a long-time investor and author. He recently released his book "Bubble 3.0" which is a warning about the problems inherent in the financial system.
The Fed being the main culprit for bubble creation, and such bubbles always get wrecked.
The Fed has kept rates at great depression levels despite reasonable economic activity. He recalls not being negative enough during 2005 regarding the housing market, which blew up.
David believes this time around will be similar and things will get quite bad.
We've had a wealth wipe out on par with the end of the tech bubble. Many stocks are down around seventy to ninety percent, but this time people are losing in stocks and bonds.
People believe there will be another big rally, but he doesn't see it soon. The environment of zero and negative interest rates is crazy, and we may have seen peak insanity. Q.E. wasn't inflationary due to a corresponding drop in money velocity. However, during covid, the money supply increased by forty percent and the government did trillions in direct fiscal policy.
This money flooded the system. Imagine the inflation had the build back program been funded. Preventing interest rates from being set in the open market is a form of price control, and that comes with many unintended consequences.
The Fed is on a warpath to get interest rates to 3.5 percent and control inflation. Paul Volker could do it because the GDP was much higher in the 80s. Today, rates in real terms we are still at negative two percent. Powell has a very difficult path ahead of him.
We're not quite in a recession yet due to various base effects, but it will be hard however to avoid one. The next Fed pivot will likely see everyone jump back into the markets on good news. Inflation is likely to be with us for some time, and we will continue to see a commodity bull market. Especially, with the demand for electrification in vehicles.
Copper prices doubled, but we never saw any new mines open as a result. We're in the first period where existing energy is being replaced with less effective solutions.
The Fed can't print copper, but they can set expectations and try to destroy demand. He believes earnings estimates are too high, and those targets will be missed. Banks are reporting fairly good activity at the consumer level, but things are likely to get harder.
We're going to see another period with exploding deficits, and eventually the Fed will have to monetize again. He discusses the difficulty in picking miners and why for most investors the ETF indexes might be better.
Talking Points From This Week's Episode - Why the Fed is the cause of all bubbles. - Fed's attempts to control inflation via stifling demand. - The unintended consequences of controlling interest rates. - Picking miners and the impact of green policy on energy.
Time Stamp References:
0:00 - Introduction
1:06 - Peak Insanity
6:46 - Inflation & Q.E.
10:40 - Rate Controls
13:48 - Fed & Politics
16:32 - Recession Now?
18:48 - Fed Pivot?
25:02 - Commodity Supercycle
29:10 - Lending Standards
33:45 - Social Security
34:51 - Treasuries & Russia
36:18 - Deglobalization
37:48 - Environment & Energy
42:58 - GreenFlation & Oil
49:03 - EROI Concerns
51:21 - Algos & Energy Equities
53:58 - View on Gold & Fiat
57:30 - Finding Miners
1:00:06 - Canada & Australia
1:01:20 - Concluding Thoughts
Ariel: The September 30th Ignition Sequence
9-18-2026
Sept-30th: The Ignition Sequence (What You Need To Look For)
Post-September 30 Sovereignty Window → 2027 Budget Submission —Ground Assessment
I. WHAT SEPTEMBER 30 ACTUALLY DELIVERS
The Ministry of Finance’s declaration of financial sovereignty is not a ceremonial gesture. It is a legal severance. Specifically, it terminates the artificial program rate the managed peg that has kept IQD suppressed since the reconstruction era. That program rate was never a market rate.
Russia’s Digital Ruble Is Here — The Real Shift Isn’t the Currency, It’s the System Underneath It
Lynette Zang: 9-18-2026
Russia’s digital ruble has moved into a major new phase, with large banks and retailers now required to support the infrastructure while individual use remains voluntary.
Lynette Zang breaks down what changed on September 1, why the central bank account structure matters, and the bigger question investors should be asking: what can this new monetary rail be made to do later?
Cabinet Reviews Fuel Subsidy, Lawmaker Says
2026-09-17 Shafaq News- Baghdad Iraq’s Council of Ministers is reviewing recent decisions to remove fuel subsidies for some sectors amid efforts to address fuel shortages across the country, a member of parliament’s Oil, Gas and Natural Resources Committee said on Thursday.
Bruce’s Big Call Dinar Intel Thursday Night 9-17-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome everybody to the big call tonight. It is Thursday, September 17. You're listening to the big call. Thanks for tuning in, everybody all over the globe. Sorry about my voice; it's a little bit lower than normal, but we'll try to work with it and make it through the call.
Thank you, Bob, for that. Appreciate that. Everybody can get on the site, put an order together. If they have any questions or any problem they've got, they can go ahead and call customer support. Excellent. Thank you, Bob. Okay, guys, I'm going to try to make it through the Intel segment with you.
Good Afternoon Dinar Recaps,
EU BANKING RESET: EUROPE PUSHES FOR DEEPER CAPITAL MARKETS AND STRONGER CROSS-BORDER BANKING
EUROPEAN OFFICIALS ARE CALLING FOR A MORE INTEGRATED BANKING AND CAPITAL-MARKET SYSTEM, WITH GREATER CROSS-BORDER SCALE AND INVESTMENT CAPACITY TO HELP EUROPE COMPETE IN AN INCREASINGLY COMPETITIVE GLOBAL FINANCIAL SYSTEM
Clarity Act Fallout, CBDC Ban & Iraq RV — How Close Are We? | Rob Cunningham
Jon Dowling and Chris Real World: 9-17-2026
In a recent episode of the Jon Dowling podcast, host Jon Dowling sat down with Rob Cunningham, a retired Air Force captain and prominent crypto financial analyst, to unpack these complex dynamics.
The wide-ranging discussion centered on the legislative inertia in Washington, particularly the recent failure of the U.S. Clarity Act to pass, and what this means for the future of digital assets, international monetary sovereignty, and the legacy global banking system.
Coffee with MarkZ, joined by Mr. Cottrell. 09/18/202
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: Progress continues and rumors fly. We will see what Mr. Cottrell has to bring to the table this morning.
MZ: I’m pretty giddy. Iraq is even announcing that Sept 30th is “Financial Sovereignty Day” along with removal of troops….. We hope this means Change the dinar value day. Many things are screaming “This is our month”
Ariel: IQD Update from the Horse’s Mouth
9-18-2026
What more do you need to see?
The SEC’s September 17, 2026 Innovation Exemption removes regulatory barriers, enabling the DTCC to initiate asset tokenization on Ripple (XRP Ledger) in October. This aligns with the Central Bank of Iraq’s (CBI) digital Dinar (dIQD) framework, which enforces 1:1 parity with physical IQD through a permissioned ledger governed by the Trade Bank of Iraq, Rafidain, and Rasheed Banks.
Emailed to Recaps~ Thank you David
Reset Intelligence: A Sovereign IQD.
By Reset Intelligence | @EXIT_FIAT
Everyone has read September 30 as the day the troops leave Iraq. On Thursday, Iraq's Ministry of Finance read it differently.
The ministry posted on its own account: "Sovereignty in money... that the financial decision be Iraqi." Dated September 30.
Good Morning Dinar Recaps,
GLOBAL BOND RESET: RISING RATES AND $100 OIL PUT GOVERNMENT DEBT UNDER NEW PRESSURE
RISING ENERGY COSTS AND A NEW WAVE OF CENTRAL-BANK TIGHTENING ARE PUSHING GOVERNMENT BOND MARKETS INTO A MORE DIFFICULT ENVIRONMENT, RAISING QUESTIONS ABOUT DEBT COSTS, INFLATION AND THE FUTURE STRUCTURE OF GLOBAL FINANCE.
Debt management: How To Avoid Common, But Costly, Money Mistakes
May 27, 2026 Malena de la Fuente and Aaron Goodman
Americans are carrying more debt than ever before. Total household balances now approach $19 trillion, reflecting a steady increase over the past decade.1 In 2025, millennials in their mid-30s held roughly twice as much nonhousing debt—including student loans, auto loans, and credit card debt—as baby boomers did at a similar age.2
Slemani Summit: Iraq’s President Urges Economic Diversification
2026-09-17 / 02:40 Shafaq News- Al-Sulaymaniyah Iraqi President Nizar Amedi on Thursday called for economic diversification, greater investment and stronger action against corruption, saying Iraq must improve its investment climate to attract capital and support sustainable growth.
The Next Financial Crisis Is Coming... And This One Has No Bailout
Peter Schiff: 9-18-2026
Following the Federal Reserve's unanimous 12-0 vote to raise its policy rate 25 basis points, Fox Business host Liz Claman brings together BNY Investments chief economist Vincent Reinhart and Euro Pacific Asset Management's Peter Schiff to break down new Fed Chair Kevin Warsh's first rate decision.
Schiff argues the hike is too small and too late to contain inflation, noting the Fed was backed into a corner after months of hawkish signaling and that a single 25 basis point move will not derail rising prices.
Ariel: We have a Triple Header for Today
9-18-2026
The News Just Keeps Compounding
The Central Bank of Iraq publicly stated two weeks ago that the “next step will be joining the international financial market” — meaning full forex integration. That statement was not aspirational. That was a declaration of operational readiness. CBI does not broadcast next steps unless the infrastructure is already in place.
Urgent | In Response To The Rising Dollar Exchange Rate, The Central Bank Of Iraq Reassures The Local Market: Starting Sunday, Several Measures Will Be Implemented To Meet Foreign Currency Needs
Baghdad/Iraq Observer An informed source stated on Thursday that the Central Bank of Iraq will begin, starting next Sunday, to expand the scope of import financing and increase the support provided to banks, in line with actual commercial needs.
Good Afternoon Dinar Recaps,
EURO BOND SHIFT: EUROPE MOVES TO STRENGTHEN ITS RESERVE-CURRENCY ROLE AS GLOBAL FINANCE REALIGNS
EUROPE IS SEEKING GREATER INTERNATIONAL RECOGNITION FOR EU BONDS, A MOVE THAT COULD DEEPEN EURO CAPITAL MARKETS AND SUPPORT A LARGER ROLE FOR THE EURO IN GLOBAL FINANCE.
They Called Refining a Dying Business. Diesel Just Hit $6.
Notes From the Field By James Hickman 9Simon Black / Sovereign Man) September 16, 2026
On Sunday afternoon, the power went out at ExxonMobil's refinery in Channahon, Illinois, a southwest suburb of Chicago. Oil refineries run at tremendous heat and pressure, so whenever the power goes out, all that heat and pressure has to go somewhere. It’s basic physics. Hence why the plant burned it off through the flare stacks, with black smoke visible for miles.
KTFA
Thursday Night Video
FRANK26…9-17-26….EVERYTHING SOVEREIGN ON 30th
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: Iraq’s Currency Reform, IQD Sovereign Rate Activation
9-17-2026
Settlement & Sovereignty: Iraq’s Currency Reform (Where We’re At)
Trump Strategic Delay Architecture & IQD Sovereign Rate Activation — The Three-Week
Trump’s delay architecture operates on a principle that the opposition hasn’t fully decoded: an administrative rule creates permanent regulatory structure without legislative vulnerability. A bill can be stalled, amended, gutted, or buried in committee by a single strategically placed senator.
Friday Night Video
FRANK26….9-18-26….BANKING REFORMS
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#