The US Has 10 Days Before It Defaults On Its Debt – What That Could Mean For You
Georgina Tzanetos Tue, September 21, 2021
The United States has historically been one of the most credit-worthy countries in the entire world. U.S. Treasury bonds are considered some of the safest financial instruments in international markets, and their movements are used as a benchmark for movement within the global economy.
The U.S. is also a debt nation — we all have some form of it, be it with monthly credit cards, student loans and mortgages. It’s hard to think of a world where you can’t just go to a bank and get a mortgage for your first house or open up even a low-limit credit card — but the reality is the U.S. is a privileged place in terms of the free-flowing credit most of its citizens run on.
That could change in the next 10 days. During President Donald Trump’s presidency, the national debt climbed over $8 trillion largely fueled by massive tax cuts and emergency pandemic spending. The Biden administration, thus far, has increased the county’s debt by about another $3.5 trillion with the American Rescue Plan stimulus relief bill and other economic recovery efforts during the ongoing pandemic.
The government fiscal year ends Sept. 30 and a new budget will need to be agreed on in order to fund the spending that has already happened.
How The Government Funds These Big Spending Bills
Using this year as an example, the government essentially took out a $3.5 trillion loan against itself in order to pay for things like stimulus payments, business relief, etc. Now, it is time to pay that loan back — this is done in the form of bonds. The government agrees on a certain level, or debt ceiling, of debt to issue in the form of Treasury bonds. These bonds are then sold into the open market at monthly auctions held by the Treasury itself. This, plus taxes you pay, raises the revenue needed for things like government spending.
To continue reading, please go to the original article here:
https://news.yahoo.com/us-10-days-defaults-debt-162711207.html
The Dollar's Biggest Threat Is Already Here
Taylor Kenny: 10-22-2026
The biggest threat to the U.S. dollar isn't making headlines. And that's what makes this story so important.
In this video, Taylor Kenny breaks down the moves most Americans aren't watching—and why why gold is becoming increasingly important to central banks, and what it could all mean for Americans trying to protect their wealth.
The global financial landscape is undergoing a subtle yet significant transformation that many observers have overlooked.
Stern Drew: Banks are Preparing for Something Big
The Internet and Banking Lockdown Is Coming: Banks Are Preparing for Something BIG
G7 countries announced that they are now preparing for a major AI cyberattack on the banking system.
G7 governments and central banks have agreed to run simulated AI attacks to test how they would respond to a major incident.
Good Afternoon Dinar Recaps,
GLOBAL ENERGY RESET WATCH: OIL HITS A FIVE-MONTH HIGH AS GEOPOLITICAL RISKS GROW
Rising oil prices, escalating Middle East security risks, and renewed inflation concerns show how energy disruptions can ripple through global trade, government finances, and financial markets.
America to its Lenders: We Can’t Protect You. Also, Keep Buying Our Bonds.
Notes From the Field By James Hickman (Simon Black / Sovereign Man) October 23, 2026
In July 1974, a former bond trader turned politician named William Simon boarded a private plane out of Andrews Air Force Base for a two-week tour of Europe and the Middle East. Simon had been Treasury Secretary for all of two months, and the government had a problem.
Three years earlier Nixon had cut the dollar loose from gold. Then came the Arab oil embargo, led by King Faisal of Saudi Arabia after the 1973 war, and the price of oil roughly quadrupled.
Reset Intelligence: Old Pipes, New Rails
10-23-2026
Old Pipes, New Rails
By Reset Intelligence | @EXIT_FIAT
Iraq’s Central Bank has told every bank in the country it may not deal in dollars with the International Development Bank “in any form”, and the bank must close its foreign-currency accounts by the end of October.
Coffee with MarkZ, joined by Mr. Cottrell. 10/23/2026
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: Codeman Friday! Action and rhetoric are not matching around the world. We try to unpack what is real and ignore the noise. Lucas joins after the news.
TNT:
Tishwash: The Central Bank requires banks to implement 79 scenarios for monitoring money laundering and terrorist financing.
The Central Bank of Iraq has directed all licensed banks to implement updated scenarios for monitoring suspected cases of money laundering and terrorist financing, setting the end of December 2026 as the deadline for completing their activation on anti-money laundering (AML) systems.
The bank explained that the update is based on international standards, Financial Action Task Force (FATF) recommendations and Iraqi legislation, taking into account technological developments and financial products currently in use.
Expert: Government And Private Banks Are Violating The Central Bank's Instructions Regarding The Dollar Exchange Rate.
Baghdad Today – Baghdad Baghdad today... Economic expert Haider Al-Sheikh warned today (Thursday, October 22, 2026) that a number of government and private banks are not complying with the instructions of the Central Bank of Iraq regarding the calculation of the dollar exchange rate in electronic payment transactions outside Iraq, noting that there is a difference in the prices adopted from one bank to another.
Good Morning Dinar Recaps,
GLOBAL DEBT RESET WATCH: FRENCH BOND PRESSURE TESTS EUROPEAN FINANCIAL STABILITY
France’s rising borrowing costs and widening bond-market risk premiums are raising questions about fiscal credibility and the resilience of Europe’s interconnected financial system.
The Next Crash Could Destroy Stocks AND Bonds | Michael Pento
Liberty and Finance: 10-22-2026
Michael Pento of Pento Portfolio Strategies warns that 2027 could bring a major financial crisis as America's $40 trillion national debt collides with record business debt, an AI spending boom, and dangerously inflated asset prices.
He argues that stocks could plunge 50% as the stock market, real estate, and credit markets face an unprecedented convergence of bubbles.
Pento also warns that Treasury bonds may fail to provide their usual protection during the next recession, leaving investors vulnerable to losses across traditional portfolios.
Ariel: The Wild Card Scenario is Playing out
10-23-2026
The Wild Card Scenario Is Playing Out: You May Want To Read This One
The wild card scenario will most likely collapse the revaluation timeline from a multi-month rollout Cabal grind into a matter of weeks because the instant payment system erected under the GENIUS Act and the G7 cyberattack pretext eliminates the correspondent banking delays that the old gatekeepers used to skim and stall.
CBI Bars Sanctioned Iraqi Bank From Dollar Transactions
2026-10-22 13:27 Shafaq News- Baghdad The Central Bank of Iraq (CBI) barred the International Development Bank (IDB) on Thursday from dealing in US dollars “in any form”. The order was issued by the CBI's Banking Supervision Department and addressed to all licensed banks and non-bank financial institutions.
A Condo in this Ghost City Gets You Ten Years Residency
Notes From the Field By James Hickman (Simon Black / Sovereign Man) October 22, 2026
On March 6, 2016, Malaysia’s prime minister, Najib Razak, turned up for the grand opening of a city that did not exist yet, two kilometers off the coast from Singapore.
It was called Forest City, and the plan was enormous. One of the largest property developers in the world came in to build four artificial islands in the strait and put a “smart, green” city of 700,000 people on them, at a cost of roughly $100 billion.
Ariel: Tokenization and Revaluation, the 2027 Iraq Budget
10-22-2026
Tokenization & Revaluation: The 2027 Iraq Budget
CRYPTO STABLE COIN REGULATIONS + IRAN PORT CLOSURES + DTCC TOKENIZATION LAUNCH + IRAQ BUDGET SUBMISSION — SYNCHRONIZED ASSET RESET
I Want To Make One Thing Clear Today
TNT:
Tishwash: The Central Bank issues a decision prohibiting the International Development Bank from dealing in dollars.
The Central Bank of Iraq issued a decision today, Thursday (October 22, 2026), prohibiting the International Development Bank in Iraq from dealing in US dollars.
According to a letter issued by the Central Bank and received by "Baghdad Today", the Central Bank decided to prohibit the bank from trading in US dollars "in any way," within an official circular addressed to non-bank financial institutions.
Iraqi Dinar Ranks Among 2026's Worst-Performing Currencies
2026-10-22 03:36 Shafaq News- Baghdad The Iraqi dinar has lost 14.2% of its value against the US dollar since the start of 2026. That is the second-steepest decline among the currencies tracked by Asharq Bloomberg, Bloomberg's Arabic-language service, behind only the Libyan dinar, which fell 15.6%.
Good Afternoon Dinar Recaps,
GLOBAL DEBT RESET WATCH: FRENCH BOND RISK REACHES A 15-YEAR HIGH
France’s rising borrowing costs and widening bond-market risk premium highlight how fiscal pressure and political uncertainty can challenge investor confidence across the global financial system.
Coffee with MarkZ, joined by Dr. Scott Young. 10/22/2026
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: Budget update, GESARA? Dr. Scott Young joins us for your questions
Emailed to Recaps~ Thank you David
Reset Intelligence: Iraq Puts Its Banks on Overtime.
By Reset Intelligence | @EXIT_FIAT
Iraq's Central Bank has put the country's banks on holiday hours to clear transfers abroad, and four banks now open on Fridays.
Its adviser says about $3 billion of transfers booked before the October 7 rate change was paid at the old rate.
KTFA
Friday Night Video
FRANK26…10-23-26….TWO WEEKS AGO
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#