.How Political Chaos Threatens the World Economy
One Crazy Day Showed How Political Chaos Threatens the World Economy
An escalating trade war and unpredictable policy shifts. Also, tweets.
By Neil Irwin Aug 24 2019
The series of economic and financial developments on Friday was a strange, bewildering, exhausting microcosm of why the global economy is at risk of a meltdown.
It showed the odd interplay at work between the Chinese government’s actions in the escalating trade war with the United States, the sober-minded global central bankers who have limited power to deploy and an American president whose public pronouncements often appear driven by grievance more than strategy.
President Trump arrived in France on Saturday for a meeting of the Group of 7 industrialized nations, having set the stage for fireworks and confusion.
In one dizzying day, he had seemed to be searching for whom or what to blame for economic troubles, first using Twitter to call his own Federal Reserve chief an enemy of the United States and then to urge American companies to stop doing business with China.
To continue reading, please go to the original article at
https://www.nytimes.com/2019/08/24/upshot/global-economy-political-chaos-risk.html
What Backs the US Dollar? Not Gold Not Silver
What Backs the US Dollar?
So what backs the US dollar, if not gold or silver? The answer has been the same since August 15, 1971: nothing physical. The dollar is a fiat currency — from the Latin fiat, meaning “let it be done.” Its value rests on a government declaration that it is legal tender. Beyond that, it rests on trust.
Rob Cunningham: What if the Greatest Wealth System in History is Being Created
10-14-2026
WHAT IF THE GREATEST WEALTH SYSTEM IN HUMAN HISTORY IS BEING CREATED – RIGHT BEFORE OUR VERY EYES?
What if we’ve spent 15 years arguing about the price of XRP while overlooking the extraordinary possibility of what it was engineered to DO?
What if payments were merely the beginning?
Scott Bessent, Gold & The Iraqi Dinar… Is Something BIG Coming?
The Dinar Den: 10-13-2026
The global financial landscape is currently undergoing a period of significant transformation as policymakers and economists reconsider the foundations of modern monetary systems.
Recent discussions, such as those featured on The Dinar Den hosted by Stephen, suggest that we may be approaching a global financial reset.
Bruce’s Big Call Dinar Intel Tuesday Night 10-13-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome, everybody, to the big call tonight. It is Tuesday, October 13, and you're listening to the big call. Thanks for tuning in, everybody. Again, and we appreciate that very much.
All right. Let's dig this. Let's go into the intel segment, and I got a lot of information yesterday, primarily, and some today. And so the biggest thing we're trying to do is confirm what we're hearing from various sources of our sources.
Good Afternoon Dinar Recaps,
GLOBAL FINANCIAL RESET WATCH: UK CALLS FOR FUNDAMENTAL REFORM OF THE GLOBAL FINANCIAL SYSTEM
Britain is pushing for a new approach to developing-country debt, private investment, and climate resilience as international leaders confront growing financial pressures and debate the future of global economic cooperation.
TNT:
Tishwash: The Association of Private Banks reveals three pillars for banking reform.
The Association of Private Banks revealed on Monday three pillars of banking reform, noting that the banking reform plan is reviewed every six months.
The association’s executive director, Ali Tariq, told the Iraqi News Agency (INA): “The Central Bank has launched a central reform plan for 2025-2027, and this plan concerns private banks, which must implement it on several axes, including governance, the work plan, financial indicators, in addition to compliance and combating money laundering.”
BOND MARKET CRISIS: Is the U.S. Secretly Preparing for a Gold Reset? | Andy Schectman
Liberty and Finance: 10-13-2026
America added more than $2.3 trillion in debt in a single fiscal year, while annual interest payments have climbed to $1.1 trillion.
Andy Schectman warns that rising Treasury yields could trigger a chain reaction across stocks, banks, pensions, and real estate.
Reset Intelligence: Who Is Joining Iraq's Government?
By Reset Intelligence | @EXIT_FIAT
On Thursday Iraq's parliament votes on the last empty seats in Prime Minister Ali al-Zaidi's government, and on four new deputy prime ministers.
One of the nominees put forward is Laith al-Khazali, a senior figure in Asaib Ahl al-Haq whom the US Treasury sanctioned in 2019.
CBI Defends Dinar Devaluation, Cites Strong Reserves
2026-10-13 / 04:06 Shafaq News- Erbil Iraq’s recent dinar devaluation was the best option to protect foreign reserves from an oil revenue shock, although the country still holds enough reserves to cover at least a year of imports, Central Bank of Iraq (CBI) Director General of Statistics and Research Samir Fakhri Nima said on Tuesday.
Speaking at the Middle East Research Institute’s MERI Forum 2026 in Erbil, Nima said disruptions around the Strait of Hormuz had sharply reduced oil revenue, with the effects emerging in May and June because of deferred payments for oil sales. He put oil’s share of government revenue at more than 93%.
Al-Aboudi: A Government Plan To Reach The Dollar Price In The Parallel Market To 1550 Dinars
Money and business Economy News _ Baghdad The spokesman for the Iraqi government, Haider al-Aboudi, on Wednesday, a government plan to reach the price of the dollar in the parallel market to 1550 dinars, while pointing out that the previous transfers to adopt the current exchange rate was secured allocations in light of the previous price.