The Nomad Economist
Powell, Do You Even Know What The Economy Is ?
Premiered 22 hours ago
After all the destructive policies we have seen coming out of the Eccles Building, it may be time to ask Fed Chairman Jerome Powell, "Do you even know what the economy is?"
All the easing and stimulus has taken us to a place we could call Bubbleville. It has bolstered asset prices and speculation but done little to help Main Street or generate a strong economy.
This destructive force was unleashed long before Covid-19 came into the picture and hanging our economic misfortunes on the pandemic may sound reasonable but is far from accurate.
Is The Housing Market About To CRASH In 2021 ? -- Real Estate Market Bubble 2.0
The Atlantis Report: Premiered 2 hours ago
Is The Housing Market About To CRASH In 2021 ? -- Real Estate Market Bubble 2.0
The world will remember this year as the year normal life was torn up by the pandemic. Millions of Americans still remain out of work. The US economy continues to languish, burdened by government lockdowns and other pandemic-related factors.
Retail sales have dropped precipitously over the last several months, underscoring the economic malaise.
Our national debt recently eclipsed $28 trillion. Corporate debt was already skyrocketing prior to the pandemic. All of this is driven by loose Federal Reserve monetary policy designed to drive borrowing.
But there’s another segment of the economy buried in debt .The commercial real estate market.
For many owners of commercial real estate, the big trouble hasn’t even started. Federal Reserve data show U.S. commercial property debt climbed to an all-time high of $3.06 trillion , up from a 10-year low of $2.2 trillion in 2012. State governors seem determined to bankrupt every small business.
Large employers are happy to cut their office space requirements by letting employees continue working from home, even after the pandemic is over. Work from home policies will be key to attracting and keeping the best employees. Employees are happy to move to cheaper areas with a better quality of life.
The problem is compounded by the fact that the value of the commercial real estate is falling like a rock thanks to a shift toward work-at-home and the brick-and-mortar retail apocalypse.
In a nutshell, the commercial real estate market is plagued by too much debt and not enough assets. This is nowhere near the problem that the housing bubble was in 2008, but it is another example of the economic distortions caused by the Fed’s monetary policy.
Now the question is, Who will pay off all that debt? It looks like the borrowers will leave it to the lenders. And the lenders will leave it to the taxpayers and (ultimately) Fed money printing.
We have seen this movie in the past, and we will see it again in the future (on steroids).
The lenders -aka the financial system - will sink, and most of them will be bailed out. This is turning routinary, although the specific scapegoat may differ.
The financial system collapsing periodically is a feature, not a bug, of our Fractional reserves- fiat central bank money combo.
KTFA
Saturday Night Video
FRANK26….11-7-26…BUDGET HAS NOTHING TO DO WITH EXCHANGE RATE
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#
Dollar Ticks Up In Baghdad, Erbil
2026-11-08 02:45 Shafaq News- Baghdad/ Erbil The US dollar opened Sunday’s trading higher in Baghdad and Erbil, hovering around 169,000 dinars per 100 dollars.
According to a Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 168,600 dinars per 100 dollars, up from the previous session’s 168,300 dinars.
Good Morning Dinar Recaps,
GULF SECURITY ALERT: MISSILE INTERCEPTIONS DAMAGE SAUDI ARAMCO BUILDING AS SHIPPING RISKS GROW
Rising military threats and commercial vessel incidents are increasing uncertainty around critical energy infrastructure and the trade routes connecting the Gulf to global markets.
Bank Failures are Coming, the Financial System is Overleveraged
AI Bubble Bursting, Banks in Trouble, Another 2008 Coming? | Todd "Bubba" Horwitz
Liberty and Finance: 11-6-2026
A brutal sell-off has Wall Street flashing warning signs, and Todd "Bubba" Horwitz believes this could be the beginning of a much deeper market collapse.
He warns that stocks could fall another 40% to 60%, with AI valuations, a weakening housing market, and mounting banking risks creating a dangerous combination.
Stern Drew: Japan’s Banking System Goes Dark
11-7-2026
JAPAN’S BANKING SYSTEM GOES DARK: THE BANKING BLACKOUT IS HERE
128 banak across western Japan just went dark at the same time.
ATMs, Teller counters at 3,430 branches, Internet banking, Transfers to other banks: all went dark.
MilitiaMan & Crew: Digital Files Reveal New Iraqi Dinar Oversight: What You Need to Know
11-7-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Iraqi Dinar news update for November 7. We are analyzing the latest coordination between state banks and new digital files. This update focuses on the shift toward formal channels for financial oversight.
We examine recent documentation regarding how state banks are coordinating to improve operational efficiency across the sector.
Source: Kurdistan Share Dispute Delays Iraqi Budget Vote
2026-11-07 / 01:57 Shafaq News- Baghdad Disputes over provisions on the Kurdistan Region's share of Iraq's 2027 federal budget remain unresolved, a government source told Shafaq News on Saturday, after the Council of Ministers did not meet to vote on the bill.
Prime Minister Ali Al-Zaidi's office confirmed to Shafaq News that no cabinet session was held on Saturday.
Good Afternoon Dinar Recaps,
GLOBAL SECURITY AND TRADE RESET WATCH: U.S. LAUNCHES TASK FORCE IRON GATE TO RESTRICT IRANIAN LAND ROUTES
The new U.S. military initiative expands economic and security pressure on Iran beyond the naval blockade, targeting weapons, restricted technology and revenue moving through land borders and the Caspian Sea.
TNT:
Tishwash: Barak after meeting Zidane: The rule of law and strong institutions are the foundation of stability and prosperity in Iraq
US Presidential Envoy to Iraq, Ambassador Tom Barrack, linked the consolidation of the rule of law with the promotion of trust, investment, and stability, stressing that strong institutions are the foundation for lasting peace and prosperity, following his meeting with the head of the Supreme Judicial Council, Faiq Zaidan, in Baghdad on Friday.
Barak said in a post published on the “X” platform, which was followed by “Baghdad Today”, that he met with Zaidan in the presence of the official for democratic cooperation, Steve Fagin, to discuss strengthening judicial cooperation between the United States and Iraq.
Ariel: The XRP Connection and Iraqi Dinar Trigger
11-6-2026
Here is what you will not find on any blog, any forum, any intelligence newsletter, anywhere:
The XRP Connection:
The reset is not purely metallic. The gold peg is the anchor. The distribution mechanism is distributed ledger technology and the SEC’s settlement with Ripple in 2025 was not a legal conclusion. It was a systems integration.
MilitiaMan & Crew: Is This the Breakthrough? State Banks and Digital Files
11-6-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Iraqi Dinar news update for November 6. We are analyzing the latest coordination between state banks and new digital files.
This update focuses on the ongoing shift toward formal channels for financial oversight. We examine recent documentation regarding state banks and how these institutions are coordinating to improve transparency and operational efficiency across the sector.
Turkiye: Kirkuk-Baniyas Pipeline Poses No Threat
2026-11-06 Shafaq News- Ankara The possible reopening of the Kirkuk-Baniyas oil pipeline between Iraq and Syria would not pose a threat to Turkiye's economy, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on Friday, adding that Ankara and Damascus could conduct joint offshore exploration in the future.
Good Morning Dinar Recaps,
GLOBAL MONETARY RESET WATCH: U.S. JOBS SURGE TO 165,000 AS STRONG LABOR MARKET PUTS FED RATE CUTS IN QUESTION
U.S. employers added far more jobs than expected in October, while unemployment edged lower, giving the Federal Reserve another reason to remain cautious about reducing interest rates.
KTFA
Friday Night Video
FRANK26….11-6-26…..THE GAP
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#
GP Q: US Treasury Signals Possible Shift in Debt Financing Strategy for 2027
11-6-2026
U.S. Treasury Signals Possible Shift in Debt Financing Strategy for 2027
In Washington today, the United States Treasury has kept its near-term bond auctions steady, yet a quiet change in official language has opened the door to a different way of financing America’s growing debt as early as 2027.
In its November 4 quarterly refunding statement, the Treasury said it anticipates maintaining current auction sizes for nominal coupon securities and floating-rate notes for the next several quarters.
Stern Drew: The Banking and Digital Lockdown has Started
11-6-2026
The Banking And Digital Lockdown Has Started
Riots in Paraguay as 3 million customers locked out of their own money due to AI cyberattack.
A French bank(Crédit Mutuel Arkéa) has been HACKED, with €118 million reportedly stolen in the process…
Bruce’s Big Call Dinar Intel Thursday Night 11-5-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
(Political Comments not included in transcription)
Welcome, everybody, to the big call tonight. It is Thursday, November 5, and you're listening to the big call. Thanks for tuning in, everybody. I hope you had fun with our pre-recording trivia tonight. I sure did. I think Sue and Bob did. I hope so.
All righty, let's get into the intel segment now. (Political Comments not transcribed for posting)
The other thing is, if you think about it, we are transitioning to the restored republic. Everything that's happened with the Starlink satellite system, with the quantum financial system, with blockchain technology, with the cross-border international payment system, the SIP system, everything's been interconnected to flow and work together really well, and I believe that as a result, we're going to see a new a new restored republic as our form of government, which means this elections in and of itself could be a moot point. We'll see how it all goes.
Good Afternoon Dinar Recaps,
GLOBAL TECHNOLOGY AND ASSETS RESET WATCH: $2.5 TRILLION ERASED FROM NASDAQ AS AI INVESTMENT CONCERNS SHAKE MARKETS
Investor concerns about the cost and profitability of artificial intelligence investments triggered a sharp technology-stock selloff, raising questions about valuations, corporate borrowing, and the financial risks surrounding the global AI expansion.
Coffee with MarkZ, joined by Mr. Cottrell. 11/06/2026
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: It is Codeman Friday. Developments and confusion. We talk about the news and try to make it make sense. Mr. Cottrell joins us to take your questions then Lucas pops in.
Trump’s Major Iraq Call, EO 13848, and Iraqi Uprising Next?
Jon Dowling and Chris Real World: 11-6-2026
As nations grapple with systemic changes, understanding these diverse elements offers valuable perspective on where our global economy and society are heading.
At the forefront of these international developments is Iraq’s ongoing political and economic journey.
Recent diplomatic engagements and administrative efforts are heavily focused on establishing long-term stability and strengthening national sovereignty. By working closely with international partners, including the U.S. administration, the region aims to foster a secure environment for growth and reform.