“The Most Impressive Failure Of His Time”
“The Most Impressive Failure Of His Time”
Notes From the Field By Simon Black September 30, 2022
Lately we’ve been led astray over and over again by supposed ‘experts’ with decades of experience who can’t seem to stop making colossal mistakes. But I’m not just talking about individuals. I’m talking about institutions too.
And one institution in particular that’s been an abject failure lately has been the central bank. That includes the Federal Reserve in the United States, the Bank of England in the UK, and more.
The Federal Reserve, for example, despite its leaders’ decades of experience, completely failed to predict that their policies over the past few years would have any consequences. It’s extraordinary.
These people honestly thought that they could print trillions of dollars, keep interest rates at 0%, and that there would never be any consequences until the end of time.
And then, when inflation began to take hold last year, they failed to recognize it. They chastised people who pointed it out.
Later, when they finally did acknowledge inflation, they insisted it was transitory. And then when they ‘retired’ the term transitory, they promised to do something about the growing inflation problem… eventually.
Finally, in March 2022, they made a very ceremonial 0.25% interest rate increase. File that away under “too little, too late”.
But now their tune has changed. Now their policies smack of panic and desperation, and they sound like they’re running around with their hair on fire with no clue what to do next.
It hardly inspires confidence.
Earlier this week we saw another example.
The Bank of England made a stunning announcement that they would step in to prop up their rapidly-declining bond market. Investors around the world cheered the news, and global financial markets surged.
The euphoria lasted about 24 hours.
The next day, markets tanked again as investors realized, “Hang on… I don’t believe these people.”
Central banks have enjoyed unparalleled respect and gravitas for the past 30 years; going back to Alan Greenspan in the 1990s, central bankers have been viewed as infallible superheroes who always know what to do.
Now they just look like a bunch of amateurs.
In today’s podcast, I walk through my analysis about what might happen next. Specifically, I argue why I think there’s NO WAY they’ll follow through on their interest rate increases. Simply put, continuing to do so will bankrupt their governments.
Ultimately this means that inflation, at least some inflation, is here to stay. And I also discuss a couple of key asset classes, plus one surprising country, that can do well in this mess.
To your freedom, Simon Black, Founder, SovereignMan.com
https://www.sovereignman.com/podcast/the-most-impressive-failure-of-his-time-37685/
They Don’t Need to Kill the Dollar to Change the Entire Financial System | Andy Schectman
Miles Frankin Media: 9-20-2026
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, following the latest BRICS summit in New Delhi.
Schectman argues that BRICS is quietly building a parallel financial system through alternative payment rails, gold-backed settlement mechanisms, and local-currency trade, not necessarily a single BRICS currency.
Good Afternoon Dinar Recaps,
CHINA RATE RESET: BEIJING HOLDS RATES STEADY AS U.S. TIGHTENING SHIFTS GLOBAL MONEY FLOWS
CHINA KEEPS KEY LENDING RATES UNCHANGED AS THE FED MOVES IN THE OPPOSITE DIRECTION, HIGHLIGHTING A WIDENING MONETARY POLICY DIVIDE THAT CAN INFLUENCE GLOBAL CAPITAL, BOND YIELDS AND CURRENCY FLOWS.
Diversification And Digitalization Are Reshaping Finance’s Future
Strictly speaking, it is far from a divorce, or even a serious breakup. But Asia’s leading economies are edging away from their eight-decade relationship with the US dollar for international trade.
Two forces are driving this evolution of the international monetary system. Amid rising geopolitical and geoeconomic fragmentation, policymakers are weighing economic efficiency against national security and strategic resilience. And digital innovation is lowering the cost of conducting transactions directly across currencies and financial networks.
TNT:
Tishwash: Iraq to New York: Al-Zaidi addresses the United Nations and a meeting with Trump is anticipated.
Iraqi Prime Minister Ali Faleh al-Zaidi will head to New York in the coming hours at the head of a high-level government delegation to participate in the meetings of the 81st session of the United Nations General Assembly, whose high-level week begins on September 22.
According to the Director of the Prime Minister’s Media Office, Abdul Zahra al-Hindawi, al-Zaidi will deliver Iraq’s speech before the General Assembly, addressing Baghdad’s vision and positions regarding regional and international developments, in addition to the files of security, stability, development and international cooperation.
GP Q: Banking Reset, the Fed Prepares for Major Overhaul
9-20-2026
BANKING RESET: FED PREPARES MAJOR OVERHAUL OF STRESS TESTS AND CAPITAL REQUIREMENTS
WHAT’S HAPPENING
The Federal Reserve is preparing major changes to how large U.S. banks are stress-tested, with more transparency around the models, assumptions and scenarios used.
Seeds of Wisdom RV and Economics Updates Sunday Morning 9-20-26
Good Morning Dinar Recaps,
U.S.-CHINA FINANCIAL RESET: AI, TRADE AND CRITICAL MINERALS MOVE TO CENTER STAGE
U.S. AND CHINESE ECONOMIC OFFICIALS ARE BRINGING AI, TRADE AND CRITICAL MINERALS TO THE CENTER OF HIGH-LEVEL TALKS, HIGHLIGHTING HOW TECHNOLOGY, SUPPLY CHAINS AND ECONOMIC RELATIONSHIPS ARE BECOMING INCREASINGLY INTERCONNECTED.
Doing The Math: Interest Expense Is Going To $2 Trillion Annually
Notes From the Field By James Hickman (Simon Black / Sovereign Man) September 17, 2026
It was January 2000. AOL had just announced it was buying Time Warner in what was then the biggest merger in history. Fourteen dot-com companies had bought Super Bowl ads, one of them starring a sock puppet that sold dog food. The US economy was growing at one of its fastest paces ever; GDP was up nearly 5% the year before— and that’s real growth, before adding inflation, which itself was just 1.4%.
CBI Counters Fears Over Dollar Supply
2026-09-19 Shafaq News- Baghdad Iraq has enough foreign reserves to meet demand for dollars for imports, card payments and travelers at the official exchange rate, the country’s Central Bank (CBI) said on Saturday, as the Iraqi dinar weakened sharply against the US currency, hovering around 160,000 Iraqi dinars per $100.
KTFA
Saturday Night Video
FRANK26…9-19-26…..IT’S NOT WHAT THEY SAY…IT’S WHAT THEY DON’T SAY
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#
Central Banks No Longer Trust Each Other: The Global Rush To Gold | Mark Thornton
Kitco News: 9-18-2026
Mark Thornton called the housing bubble in 2004. For four years, he was told he was wrong. He now says every paper-dollar asset you own is facing a very difficult future, and the AI buildout is the clearest warning sign he has seen since.
In this interview with Jeremy Szafron, the Mises Institute senior fellow and author of The Skyscraper Curse explains why AI data centers are this cycle's record-breaking tower, why the bonds financing them run decades longer than the hardware, who gets stuck with the cost when a tenant stops paying, and why central banks no longer trusting each other is the best sign he has seen for gold.
RV Update, Could this Trigger the Next Big Payout? Holly Celiano
9-18-2026
A recent video update dated September 18th, presented by Holly Celiano, brings several critical developments to the forefront. The discussion focuses heavily on Iraq’s impending sovereignty milestone, recent legislative maneuvers surrounding United States cryptocurrency regulations, and ongoing updates regarding currency valuation efforts tied to changing military dynamics in the Middle East.
Observatory: Potential Sanctions And Speculation Shake The Dollar Market In Iraq
2026-09-19 04:45 Shafaq News - Baghdad The “Eco Iraq” economic observatory observed on Saturday a rapid rise in the exchange rate of the dollar in the parallel market against the Iraqi dinar, noting that the current rise is due to several factors, including fears of possible American sanctions against Iraq.
Good Afternoon Dinar Recaps,
BANKING RESET: FED PREPARES MAJOR OVERHAUL OF STRESS TESTS AND CAPITAL REQUIREMENTS
THE FEDERAL RESERVE IS PREPARING MAJOR CHANGES TO HOW LARGE U.S. BANKS ARE STRESS-TESTED AND HOW CAPITAL REQUIREMENTS ARE CALCULATED, POTENTIALLY CHANGING THE WAY BANKS PLAN FOR RISK, LENDING AND FINANCIAL STABILITY.
Is the Five-Cent Coin Next to Go?
Discover why the U.S. nickel costs 13 cents to make and whether the five-cent coin is headed for the same fate as the recently retired penny.
September 08, 2026
The penny may be history at the U.S. Mint, but the debate over small change is far from over. In November 2025, the United States stopped producing pennies for general circulation after more than 230 years. As we discussed in The End of the U.S. Penny and What It Means for You, one of the biggest reasons was simple economics: A penny cost significantly more than one cent to manufacture. Now the same question is being asked about the nickel.
Ariel: We are in the Home Stretch
9-18-2026
Do You All Know What Just Happened?
We Are In The Home Stretch
This comes off the announcement by The Ministry of Finance in Iraq how declared September 30th to be financial sovereignty day.
TNT:
Tishwash: 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.
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.
The source said the move aims to facilitate financing for necessary imports and accommodate a wider range of commercial goods, noting that the central bank continues to monitor market developments and take the necessary measures to ensure the smooth flow of foreign trade financing and meet the legitimate demand for foreign currency
MilitiaMan & Crew: The 2026 Economic Outlook: What’s Really Happening with the Dinar
9-18-2026
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 Dollar Is Besieging The Dinar... Washington Continues To Use Its Tools To Weaken The Iraqi Currency
Information / Report The Iraqi economy has recently been experiencing financial and monetary instability, clearly manifested in the successful surges in the exchange rate of the US dollar against the Iraqi dinar in local markets. This sudden rise was not a coincidence, but rather the result of a complex interplay between external pressures and emergency domestic monetary policies that disrupted the balance of supply and demand.
Good Morning Dinar Recaps,
AI FINANCIAL RESET: IMF WARNS EUROPE'S AI BOOM COULD STRAIN ENERGY, CAPITAL AND ECONOMIC BALANCE
THE IMF SAYS ARTIFICIAL INTELLIGENCE COULD BOOST EUROPEAN PRODUCTIVITY, BUT RAPID AI EXPANSION COULD ALSO INCREASE PRESSURE ON ENERGY GRIDS, CAPITAL MARKETS, LABOR MARKETS AND EUROPE'S STRATEGIC TECHNOLOGY POSITION.
A World Drowning in Debt, the Final Days of Fiat Money
As Good As Gold Australia: 9-20-2026
In this exclusive interview, we sit down with Lynette to discuss the reality of our current economic system and why the shift back to hard assets is accelerating. While leaders claim the economy is strong, the underlying facts point to a much different reality.
We discuss the long-term impact of leaving the gold standard in 1971, the massive U.S. debt and interest inflection point, and why central banks around the world are accumulating gold at a record pace.