More News, Rumors and Opinions Sat. PM 5-10-2025
Ariel : This is What you were Waiting for Right?
The Red Rover: 24 hours ago!! IRAQ BUSINESS NEWS OFFICIAL List of approved banks Dinar to Dollars
Many Pilgrims live outside Iraq. But the reason why this is significant is this.
The Central Bank of Iraq’s (CBI) announcement on May 8, 2025, allowing pilgrims to exchange Iraqi dinars for U.S. dollars through designated banks and companies in Baghdad and other provinces, marks a significant step for American holders of Iraqi dinar awaiting its integration into global forex markets ([Iraq Business News]
Ariel : This is What you were Waiting for Right?
The Red Rover: 24 hours ago!! IRAQ BUSINESS NEWS OFFICIAL List of approved banks Dinar to Dollars
Many Pilgrims live outside Iraq. But the reason why this is significant is this.
The Central Bank of Iraq’s (CBI) announcement on May 8, 2025, allowing pilgrims to exchange Iraqi dinars for U.S. dollars through designated banks and companies in Baghdad and other provinces, marks a significant step for American holders of Iraqi dinar awaiting its integration into global forex markets ([Iraq Business News]
(https://iraq-businessnews.com/2025/05/08/dinars-to-dollars-official-list-of-designated-banks/)).
This policy, while aimed at pilgrims, signals Iraq’s push toward formalizing and regulating foreign currency exchange, a critical prerequisite for the dinar’s potential internationalization. Something that we know will lead to what we ultimately want.
For U.S. (You & Me) investors holding dinars, who face high-fee money exchanges or black-market transactions due to the dinar’s absence from global forex platforms, per Investopedia, this move suggests progress in stabilizing the dinar’s exchange infrastructure.
By expanding access to dollars at official rates on a 1:1 basis, Iraq is testing mechanisms to curb black-market volatility, which could pave the way for broader currency tradability.
For those waiting to cash in, this development hints at a future where the dinar will be exchanged more seamlessly on international markets, potentially increasing its value and liquidity.
So all we have to do is wait for a couple of things. One being the oil exports resuming. This is something that is very close. Which is why Donald Trump Middle East trip is very important. We have to keep an eye on this.
These are the chosen banks that do not have any sanctions on them that will be allowed to handle international transactions/transfers once Iraq flips the switch. You are watching a controlled rollout.
This is a very calculated progressive move towards full international connectivity to global trade markets. Many banks have been blacklisted. The ones involved in money laundering and other nefarious things.
Source(s): https://x.com/Prolotario1/status/1920992165343138229
https://dinarchronicles.com/2025/05/09/ariel-prolotario1-this-is-what-you-were-waiting-for-right/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Article: "AS TRUMP’S VISIT TO THE REGION APPROACHES, IRAQ IS EXPECTED TO PLAY A ROLE IN THE ARAB SUMMIT IN BAGHDAD" President Trump will be formally attending the Arab Summit in Baghdad soon. WOW, WOW, WOW! Do you know the extent of good news this is? I do not know if he intends to talk about the dinar reinstatement but this measure can certainly not be bad for Iraq, that is for sure.
Frank26 American banks are training their employees for us, IMO.
Militia Man The landscape is about to change. It really is...This is a global event and you can't consider it as it's just about Iraq...It is about Iraq but it's not ALL about Iraq. It's very important that you guys understand that...It's going to be a very intense time..I believe it's a global event.
BREAKING NEWS: Dinars to Dollars CBI Announcement
Edu Matrix: 5-10-2025
BREAKING NEWS FROM IRAQ — The Central Bank of Iraq has just released an official update allowing *pilgrims to exchange Iraqi Dinar (IQD) for US Dollars (USD)* at selected banks and companies across Baghdad and other provinces. This is a significant step in Iraq’s evolving financial policy.
16,000 New Contracts Just Demanded Real Silver—COMEX Can’t Hide It Anymore | Andy Schectman
Two Dollars investing: 5-10-2025
Over 16,000 COMEX contracts just stood for physical silver delivery in the May contract—triggering the biggest post-first-day surge in history.
Andy Schectman breaks down what this record-setting delivery event really means, why it signals the end of paper silver manipulation, and how it's exposing a full-blown run on physical metal.
With central banks hoarding gold, the Fed quietly buying treasuries, and Shanghai's exchange overtaking COMEX, we are entering a new era. Silver is becoming the pressure point. And if COMEX can’t meet the demand… it all breaks.
Thoughts From 589Bull 5-10-2025
Central Bank of Iraq Publishes List of Banks Exchanging Dinars for Dollars
589bull: 5-10-2025
The Central Bank of Iraq just published the official list of banks authorized to exchange dinars for dollars.
On the surface, it’s framed for pilgrims but in reality, it’s a test run for full-scale currency redemption.
These banks are the chosen channels.
This is how you prep for a rate shift without tipping off the masses.
Quiet infrastructure.
Controlled access.
Central Bank of Iraq Publishes List of Banks Exchanging Dinars for Dollars
589bull: 5-10-2025
The Central Bank of Iraq just published the official list of banks authorized to exchange dinars for dollars.
On the surface, it’s framed for pilgrims but in reality, it’s a test run for full-scale currency redemption.
These banks are the chosen channels.
This is how you prep for a rate shift without tipping off the masses.
Quiet infrastructure.
Controlled access.
When the rate moves, the switch is already wired
The Red Rover: 24 hours ago!! IRAQ BUSINESS NEWS OFFICIAL List of approved banks Dinar to Dollars
Source(s): https://x.com/589bull10000/status/1921000311990161448
************
Lobbyist Tried to Slip XRP into Trump’s Crypto Strategic Reserve
589bull: 5-10-2025
BREAKING: A lobbyist just tried to slip XRP into Trump’s “Crypto Strategic Reserve” list and all hell broke loose.
This wasn’t just a bad tweet. It was a glimpse behind the curtain. And it tells us everything.
In March, Trump posted about a federal crypto reserve including:
• XRP
• SOL
• ADA
No BTC. No ETH.
The crypto world blinked but didn’t know why. Now we do.
Turns out Ripple was a client of the lobbyist (Brian Ballard) who pushed the post.
Trump didn’t know. When his team found out, the White House crypto czar (David Sacks) lost it. Chief of Staff Susie Wiles got involved. The post was revised.
Why the freakout?
Because XRP being in that list wasn’t just symbolic it was a threat to the current crypto order.
XRP isn’t a coin. It’s a rail. Infrastructure. Liquidity plumbing. Settlement protocol.
Putting it on the list meant admitting the new system is already forming.
They tried to walk it back. But the signal already leaked:
• XRP’s name is circulating at the highest levels.
• Ripple’s inside the lobbying machine.
• And the future financial system is being chosen now—not later.
Don’t miss what they tried to hide.
Source(s): https://x.com/589bull10000/status/1920869323817570797
News, Rumors and Opinions Saturday 5-10-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 10 May 2025
Compiled Sat. 10 May 2025 12:01 am EST by Judy Byington
The Deepstate Cabal had been functioning on stolen US Taxpayer monies since taking control of the US Financial System in 1918. They had run the nation into severe debt and a fiat US Dollar. Finally the election of President Donald Trump signaled an end to their reign over the World’s monetary system.
Trump’s April 10 2025 Executive Order had (allegedly) transferred all Fed assets to the U.S. Treasury, triggered full deployment of the Quantum Financial System, launched GESARA debt cancellations worldwide & officially(allegedly dismantled the privately owned by the Cabal Federal Reserve and IRS. Redemption Centers would exchange foreign currencies that went up in value were now active in secure locations worldwide.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 10 May 2025
Compiled Sat. 10 May 2025 12:01 am EST by Judy Byington
The Deepstate Cabal had been functioning on stolen US Taxpayer monies since taking control of the US Financial System in 1918. They had run the nation into severe debt and a fiat US Dollar. Finally the election of President Donald Trump signaled an end to their reign over the World’s monetary system.
Trump’s April 10 2025 Executive Order had (allegedly) transferred all Fed assets to the U.S. Treasury, triggered full deployment of the Quantum Financial System, launched GESARA debt cancellations worldwide & officially(allegedly dismantled the privately owned by the Cabal Federal Reserve and IRS. Redemption Centers would exchange foreign currencies that went up in value were now active in secure locations worldwide.
What We Think We Know as of Sat. 10 May 2025:
Fri. 9 May 2025: BRICS just launched BRICS Pay to obliterate the petrodollar. They’re dumping the dollar, trading in national currencies, and setting up a new system outside of globalist control. Expect a Financial Crisis before Mon. 12 May 2025. …Steve Bannon on Telegram
As of 8 May 2025, the greatest financial transition in modern history (allegedly became operational. Trump’s April 10 Executive Order transferred all Fed assets to the U.S. Treasury, triggered full deployment of the Quantum Financial System, launched GESARA debt cancellations worldwide & officially (allegedly dismantled the Federal Reserve. Redemption Centers were now active in secure locations worldwide. …Quantum Financial System on Telegram
~~~~~~~~~~~~~
Possible Timing:
As of Thurs. 1 May 2025 the fiat banking system was DEAD. The media, lying. The Cabal’s grip, broken. Redemption Centers, active and gold-backed funds were being distributed globally through the Quantum Financial System (QFS) — the final weapon in a military war against centuries of elite rule.
On Tues. 6 May 2025 Newsmax President Trump announced the gold-backed Bitcoin, “An earth shattering announcement that will affect America and it’s people.”
Global Currency Reset:
Fri. 9 May 2025 This is a countdown. The trigger event, code-named 11.3, is (allegedly locked and ready: full blackout, mass awakening, and total takedown of the Deepstate. Liberty Channels are prepped and untraceable. The final warning will not come from a screen — it’ll come from the silence that follows. And when it does, you’ll know: the final liberation is no longer a dream. It’s now. It’s real. And it’s irreversible. Stay alert. Stay aligned. The system is falling — and QFS is taking its place. …Quantum Financial System on Telegram
Fri. 9 May 2025 UPDATE! QFS Is Replacing the Banking System—Redemption Centers Are Secure and Processing Gold-Backed Payments—Banks Are Desperately Freezing Accounts, Blocking Access to Your QFS Funds, and Spreading Media Lies to Keep You Trapped in the Dying Fiat System! – Gazetteller
~~~~~~~~~~~~~~~
Global Financial Crisis:
Fri. 9 May 2025: Operation Sandman was in effect – a collaboration of 100 nations to simultaneously sell off their US holdings in order to collapse the US Dollar: (1) Bendleruschka on X: “OPERATION SANDMAN! Let’s go!! WOW!!! https://t.co/VFrnkNdGFp” / X
Read full post here: https://dinarchronicles.com/2025/05/10/restored-republic-via-a-gcr-update-as-of-may-10-2025/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
TV is showing a significant decline in the dollar in the parallel market again. The parallel market is now down to 1427. Whoa! Sammy says to expect probably soon, that rate will be 1390 and close enough to close that [gab between official rate] completely out. FRANK: Wow! That's fantastic news gentlemen. That's closer than we estimated for this coming week. That gap as it gets smaller and smaller, sooner or later we will have our new exchange rate because when it closes to a point where it will be able to at least come out at one to one then that's what we're looking for.
Mnt Goat ...good news...Article: “THE DINAR IS RECOVERING. THE DOLLAR’S VALUE IN IRAQ HAS FALLEN DUE TO LOCAL MEASURES.” ...Exchange offices and the local stock exchange in most Iraqi governorates recorded a decline in the dollar exchange rate against the Iraqi dinar on Tuesday, part of a slight and gradual decline that has been ongoing for days. This decline has been going on for weeks not days... [Dinar Guru Note: A falling dollar vs the IQD is what dinar investors want to see.]
US Bankruptcy Will Alarm The Public | Peter Grandich
Liberty and Finance: 5-9-2025
Peter Grandich expresses deep concern about the long-term economic stability of the United States, particularly due to rising inflation and the ballooning national debt.
He warns that while the stock market may not face an immediate crash, it lacks the potential for above-average returns that many financial plans still rely on, creating serious risk for overextended households.
Grandich also argues that inflation is far worse than official reports suggest, eroding real purchasing power and making cash holdings a risky strategy. He advocates strongly for gold and now silver as wealth preservation tools, citing their historical resilience and growing relevance in a shifting global financial landscape.
Most critically, he foresees a future where the U.S. government may struggle even to pay interest on its debt—a scenario he believes is approaching much faster than most Americans realize.
INTERVIEW TIMELINE:
0:00 Intro
1:31 Market rally is over
12:00 Inflation & gold
15:30 Mining stocks
17:30 Inflation's impact
Weekend Coffee with MarkZ. 05/10/2025
Weekend Coffee with MarkZ. 05/10/2025
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: We spend the first 45 minutes cutting up with Matt and Lucas at CBD Guru’s. Then we hit the news
Member: Good Morning Mark, MODS and RV family…..sending love and positive energy to all
Member: Happy Mother's Day to all the Moms out there.
Weekend Coffee with MarkZ. 05/10/2025
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: We spend the first 45 minutes cutting up with Matt and Lucas at CBD Guru’s. Then we hit the news
Member: Good Morning Mark, MODS and RV family…..sending love and positive energy to all
Member: Happy Mother's Day to all the Moms out there.
Member: Are you hearing anything from bond folks yet Mark?
MZ: I’m hearing form certain members of Indian Nations that some are being notified to expect it soon. Others however, are hearing nothing. It seems like the closer we are to the Admirals group…..the less they are sharing….the less they want us to know…. I am hearing very mixed stories .
MZ: Makes it interesting as they try to keep a lid on things moving forward.
MZ: On the bond side they are being told they are working diligently on “historic assets” not the bonds…but they are busy clearing those out now. It is possible they have positioned everything to go all at once…..giving everybody enough dollars to keep them at the table….then unleash all payments at once. .
MZ: We do have some good things to share on the “Arab Summit” coming up. Saleh is taking victory laps for the modernization of their banking system.
MZ: CBI released a list late last night about all the Iraqi banks that are now approved for “International Transactions” To me these transactions do not make sense without an “International Dinar”
MZ: We continue to read stories on the de-dollization and the stabilization of the dinar…. All of this is important for the revaluation of the dinar.
MZ: Sudani and Alaq call it “Raising the purchasing power of all Iraqis” There really is great news coming out of Iraq.
Member: Mark , Vietnam is coming here tomorrow for the US Summit May 11th - 14th.. They are anxious for a seat at the table . IMO- They are ready to revalue their currency!
Member: Did anyone else hear the new tax proposal for no income tax on people under $250K and higher taxes on the “rich” … over $250k?
Member: do you think we wont go until June Mark?
MZ: I don’t think so …but nobody knows the exact timing. There sure is a lot happening right now though.
Member: So did Trump ever have his big “earth shattering” announcement?
Member: Rumor is- a guy from middle east said trump will have major announcement Monday
Member: Lots of rumors that the RV and Nesara has already started….I’m not seeing it though?
Member: There is a rumor that there will be daily limits on exchanges due to liquidity….Is it possible to exchange all our currency in one appointment?
MZ: I do believe we can exchange at one appointment. It may be “tiered” but I was told they are doing Prosperity Packages and Historic Bonds so there is enough liquidity that we will not have to wait. But I can see it- if there is not enough liquidity and they don’t want to wait to move forward…
Member: Hope everyone has a wonderful “Mothers Day” Weekend. God bless moms and grandmas everywhere.
Member: Remember , The best is yet to come.
Mod: ENJOY YOUR TIME WITH FAMILY MARK! HAVE A SAFE TRIP HOME…. HAVE A GREAT WEEKEND ALL SEE YOU BACK MONDAY
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
https://www.twitch.tv/theoriginalmarkz
https://rumble.com/user/theoriginalmarkz
Kick: https://kick.com/theoriginalmarkz
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS
“Tidbits From TNT” Saturday Morning 5-10-2025
TNT:
Tishwash: Iraq's customs revenues reached 59 billion dinars after implementing the ASYCUDA system.
Finance Minister Taif Sami announced on Friday a significant increase in customs revenues following the implementation of the ASYCUDA Customs Automation System, amounting to more than 59 billion dinars.
Sami said in a statement to the official agency, followed by "Al-Eqtisad News," that "customs revenues before the implementation of the ASYCUDA system amounted to 375,675,732,360 dinars, while after the implementation they rose to 435,421,672,805 dinars, an increase of 59,745,940,445 dinars."
She added, "The General Authority of Customs has begun implementing the ASYCUDA system in 15 customs centers, including: Air Cargo Customs, Dry Port, Baghdad International Airport Terminal, Grand Welcome Square Customs, Trebil, Safwan, Arar, Umm Qasr Middle, Umm Qasr South, Kirkuk Airport, Zurbatiyah, Al-Mundhiriyah, Mandali, Al-Shaib, and Al-Shalamcheh."
TNT:
Tishwash: Iraq's customs revenues reached 59 billion dinars after implementing the ASYCUDA system.
Finance Minister Taif Sami announced on Friday a significant increase in customs revenues following the implementation of the ASYCUDA Customs Automation System, amounting to more than 59 billion dinars.
Sami said in a statement to the official agency, followed by "Al-Eqtisad News," that "customs revenues before the implementation of the ASYCUDA system amounted to 375,675,732,360 dinars, while after the implementation they rose to 435,421,672,805 dinars, an increase of 59,745,940,445 dinars."
She added, "The General Authority of Customs has begun implementing the ASYCUDA system in 15 customs centers, including: Air Cargo Customs, Dry Port, Baghdad International Airport Terminal, Grand Welcome Square Customs, Trebil, Safwan, Arar, Umm Qasr Middle, Umm Qasr South, Kirkuk Airport, Zurbatiyah, Al-Mundhiriyah, Mandali, Al-Shaib, and Al-Shalamcheh."
She explained that "the Authority has currently begun implementing the second phase of the system, which will extend over two years. This phase includes its implementation in eight remaining customs centers, in addition to linking 12 electronic applications to the system, including: land transport clearance, the value system, smart selectivity, the exemptions system, and licenses and certificates. This will enable the system to be linked with all ministries." link
Tishwash: Legal expert: The House of Representatives has the right to extend its legislative session for 30 days to approve the budget schedules.
Legal expert Ali Al Tamimi stressed on Friday the utmost importance of approving the financial budget schedules.
Al-Tamimi explained in a statement to Al-Furat News Agency that “Article 57 of the Iraqi Constitution stipulates an annual session for the Council of Representatives with two legislative chapters, but it excludes the case of discussing and approving the general budget, as it stipulates that “the legislative chapter does not end if it includes the general budget law except after voting on it.”
The legal expert stressed that this constitutional text is considered “governing” and imposes the necessity of approving budget schedules as soon as possible, due to its direct impact on “the livelihood of society” and the stability of economic and living conditions.
In a related context, Al-Tamimi pointed out that Article 57 itself allows the possibility of extending the current legislative chapter, based on a request from one of the three presidencies or with the signatures of no less than fifty members of the Council of Representatives. In this case, an extraordinary session is held, and its meetings are limited to the matters that called for this extension.
Al-Tamimi explained that the duration of the extension of the legislative chapter is limited to “only thirty days,” and the Council’s discussions and sessions during this period must be limited to “matters related to the budget only.”
The legal expert concluded his statement by emphasizing that “the budget file is important It is necessary to extend the sessions of the House of Representatives in order to accomplish this national task that the Iraqi people are waiting for.
A parliamentary source told Al-Furat News last Tuesday that the Presidency of the House of Representatives decided to end the first legislative session of the fourth legislative year on May 9th {today, Friday} in accordance with Article (57) of the Constitution and Article (22) of the House of Representatives’ internal regulations. link
**************
Tishwash: Iranian Foreign Minister Anticipates Trump's Arrival in the Region, Visits Saudi Arabia and Qatar Tomorrow
Ahead of US President Donald Trump's scheduled tour of the region next week, Iranian Foreign Minister Abbas Araghchi will travel to Saudi Arabia and Qatar tomorrow, Saturday, the Iranian Foreign Ministry announced.
The Iranian Foreign Ministry indicated in a statement published on its website on Friday that Araghchi will first travel to Riyadh "to meet and hold talks with senior Saudi officials."
She added that he will later visit Doha "to participate in the Arab-Iranian Dialogue Conference."
This comes as a fourth round of nuclear talks between Iran and the United States is likely to be held next Sunday in the Omani capital, Muscat.
US President Donald Trump is also scheduled to visit Saudi Arabia, Qatar, and the UAE next week.
Trump, who withdrew the United States from the 2015 nuclear agreement between Tehran and world powers, has previously threatened military action if his administration fails to reach an agreement to resolve the long-running dispute over Iran's nuclear program.
It is noteworthy that since April 12, the United States and Iran have begun indirect talks on the nuclear issue, mediated by Oman.
The two sides have held three rounds so far (two in Muscat and one in Rome), which were described as positive and constructive. link
Mot: babies forever
Mot: Get Ready Ladies!!!!
MilitiaMan & Crew: Iraqi Dinar News Update-United Nations-Arab Summit-$500 Billion Investment-Digital Banking
MilitiaMan & Crew: Iraqi Dinar News Update-United Nations-Arab Summit-$500 Billion Investment-Digital Banking
5-9-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew: Iraqi Dinar News Update-United Nations-Arab Summit-$500 Billion Investment-Digital Banking
5-9-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Economist’s “News and Views” Friday 5-9-2025
GOLD: The Lifeboat Amid $300 Trillion Debt Crisis, “The Dollar War is Over” | Matthew Piepenburg
Soar financially: 5-9-2025
Is this the final chapter for the U.S. dollar’s dominance? Matthew Piepenburg joins us to break down historic global shifts, surging gold prices, and what he calls the ‘Stalingrad moment’ of the U.S. dollar.
From tariff wars and autocratic rises to BRICS realignment and bond market breakdowns, Piepenburg outlines why everything is pointing to a new global order. Is gold finally vindicated? Is the Titanic sinking? Why aren’t we hearing more about BRICS?
GOLD: The Lifeboat Amid $300 Trillion Debt Crisis, “The Dollar War is Over” | Matthew Piepenburg
Soar financially: 5-9-2025
Is this the final chapter for the U.S. dollar’s dominance? Matthew Piepenburg joins us to break down historic global shifts, surging gold prices, and what he calls the ‘Stalingrad moment’ of the U.S. dollar.
From tariff wars and autocratic rises to BRICS realignment and bond market breakdowns, Piepenburg outlines why everything is pointing to a new global order. Is gold finally vindicated? Is the Titanic sinking? Why aren’t we hearing more about BRICS?
00:00 - “The Dollar’s Stalingrad Moment”
00:36 - Welcome back: Matthew Piepenburg returns
01:00 - Gold was $750 cheaper last time we spoke
01:30 - 80 years since WWII: Is a global reset underway?
06:00 - The rise of autocrats: Populism or debt desperation?
11:30 - Titanic analogies & government patchwork fixes
18:00 - Can tariffs save a sinking ship?
26:00 - U.S. debt & bond market revolt—are foreign holders fed up?
37:00 - Bretton Woods 2.0 under Trump?
42:00 - Are BRICS just silent… or planning something massive?
49:00 - Is the gold community finally vindicated?
56:00 - Did gold just break the cartel?
The Fed is Stuck - Get Ready for QE
Heresy Financial: 5-9-2025
TIMECODES
00:00 Market Confusion After FOMC
00:15 QE is Coming Soon
00:32 How to Read Fed Statements
01:05 Fed Dismisses GDP Drop
01:50 Risks of Inflation vs Unemployment
03:00 Fed Tools and Tradeoffs
04:00 Fed Slowing Balance Sheet Reduction
05:01 QE is Around the Corner
06:00 Tariffs and Deflation Pressure
07:02 Why the Fed Will Pivot
07:28 Long-Term Debt Cycle Insight
08:19 Higher for Longer is the New Normal
Vietnam and Iraq Economic News from KTFA 5-9-2025
KTFA:
Henig: KRX system officially goes live
May 05, 2025 - 16:04
The system, developed with technology support from the Korea Exchange (KRX), is expected to bring significant changes to trading practices and boost market transparency and efficiency.
HÀ NỘI — After more than a decade in preparation, the Hồ Chí Minh Stock Exchange (HOSE) officially launched the long-anticipated KRX trading system on Monday morning. The system, developed with technological support from the Korea Exchange (KRX), is expected to bring significant changes to trading practices and boost market transparency and efficiency.
KTFA:
Henig: KRX system officially goes live
May 05, 2025 - 16:04
The system, developed with technology support from the Korea Exchange (KRX), is expected to bring significant changes to trading practices and boost market transparency and efficiency.
HÀ NỘI — After more than a decade in preparation, the Hồ Chí Minh Stock Exchange (HOSE) officially launched the long-anticipated KRX trading system on Monday morning. The system, developed with technological support from the Korea Exchange (KRX), is expected to bring significant changes to trading practices and boost market transparency and efficiency.
The trading session opened with some notable excitement. The VN-Index rose more than eight points shortly after the market opened after a long holiday, reflecting investor optimism. However, the session began somewhat sluggishly. According to reports from several investors, the opening auction (ATO) experienced some delays and the system was not initially smooth.
These early hiccups were resolved and trading proceeded more stably as the session progressed. The KRX system is an information technology platform designed to modernise and standardise Việt Nam’s stock market operations.
With a total investment of approximately VNĐ900 billion (US$34.7 million), the system offers numerous new features, including updates to trading orders, enhanced functionalities for retail investors and a foundation for future reforms.
Though originally scheduled for completion in 2021, the project encountered repeated delays and only recently completed extensive testing throughout 2024.
A key change brought by the KRX system is the modification to how ATO (At-the-Opening) and ATC (At-the-Closing) orders are handled. Previously, these orders were prioritised over limit orders (LO) during periodic matching phases. Under the new system, ATO and ATC orders no longer receive priority over pre-entered limit orders.
They are now displayed at a specific price level, aligning more closely with LO orders, rather than being shown as 'ATO' or 'ATC'. The system also changes the rules for modifying or canceling orders. Investors can no longer simultaneously amend both price and quantity in a single transaction. Adjusting the price or increasing the order size resets its time priority, while decreasing the volume does not. As before, order cancellations and modifications remain restricted during ATO and ATC sessions.
Another notable update is the replacement of the traditional market price order (MP) with the market-to-limit order (MTL). In cases where an MTL order is only partially matched, the unfilled portion is automatically converted to a limit order (LO) with a price adjusted by ±1 tick from the initial order - improving price control during execution. The KRX system also enhances negotiated trades and odd-lot transactions. Both the buyer and seller may now input orders directly, with the other party confirming the trade - an improvement over the previous system, where only sellers entered orders.
Once a negotiated trade is completed, it cannot be canceled or amended. Retail investors also benefit from expanded odd-lot trading capabilities. With the new system, odd-lot limit orders (LO) can be placed continuously from 9am to 2.45pm, instead of being limited to continuous matching or negotiated trade sessions as in the past.
Ahead of the launch, HoSE and its technology partners conducted a final round of testing on May 4, including system integration, market configuration checks, database validation, server and application monitoring and storage assessments.
This ensured full operational readiness among all stakeholders. Major securities firms, including SSI, ACB Securities and Bảo Việt Securities, confirmed successful system conversions and announced readiness for the first official trading session under the new platform.
SSI reported that its upgraded online trading system is now compatible with the KRX system and offers pre-market order placement from 7.30am. ACB Securities and Bảo Việt Securities also affirmed that their system transitions had been completed on schedule. Other brokerage houses, such as MB Securities, Shinhan Vietnam Securities, Việt Dragon, VCBS, BVSC and DNSE, similarly reported the completion of necessary upgrades, including data reconciliation and system connectivity. Firms across the industry have expressed confidence in the potential of the KRX platform to improve order handling, streamline retail trading and facilitate better integration of foreign investor transactions and securities under trading restrictions. The official rollout of the KRX system concludes a nearly 13-year journey of planning, investment and technical coordination.
Its implementation marks a critical milestone for Việt Nam’s capital market development, laying the groundwork for future enhancements in market infrastructure, investor experience and regulatory oversight, as well as market upgrade from frontier status to emerging market. — BIZHUB/VNS LINK
************
Clare: Iraq's customs revenues reached 59 billion dinars after implementing the ASYCUDA system.
5/9/2025- Baghdad
Finance Minister Taif Sami announced on Friday a significant increase in customs revenues following the implementation of the ASYCUDA Customs Automation System, amounting to more than 59 billion dinars.
Sami said in a statement to the official agency, followed by "Al-Eqtisad News," that "customs revenues before the implementation of the ASYCUDA system amounted to 375,675,732,360 dinars, while after the implementation they rose to 435,421,672,805 dinars, an increase of 59,745,940,445 dinars."
She added, "The General Authority of Customs has begun implementing the ASYCUDA system in 15 customs centers, including: Air Cargo Customs, Dry Port, Baghdad International Airport Terminal, Grand Welcome Square Customs, Trebil, Safwan, Arar, Umm Qasr Middle, Umm Qasr South, Kirkuk Airport, Zurbatiyah, Al-Mundhiriyah, Mandali, Al-Shaib, and Al-Shalamcheh."
She explained that "the Authority has currently begun implementing the second phase of the system, which will extend over two years. This phase includes its implementation in eight remaining customs centers, in addition to linking 12 electronic applications to the system, including: land transport clearance, the value system, smart selectivity, the exemptions system, and licenses and certificates. This will enable the system to be linked with all ministries." LINK
Clare: The dollar's exchange rate is stabilizing towards its target: adaptation or adjustment?
5/9/2025
Dr. Haitham Hamid Mutlaq Al-Mansour
It became clear in the period from last April until this May that the dollar exchange rate in Iraq began to stabilize, declining towards the (official) target level. Therefore, a question may be raised in this context: Is this stability the result of “adaptation” or “adaptation”?
To answer this question, we examine the reality of monetary policy measures that strengthened the foreign exchange signal's response to the downward trend, which can be described in the following paragraphs:
1. The Central Bank's restrictive policy of controlling dollar sales to banks through transparency measures for transfers of unclear origin aimed at combating smuggling. This increased the official supply and eased pressure on the exchange rate.
2. The effectiveness of monetary policy in financing foreign trade through highly rated correspondent banks, within the framework of the US Treasury and Federal Reserve's conditions. This is in addition to the trend toward settlement in euros, yuan, and UAE dirhams, which has facilitated remittance transactions in our trade with China, Turkey, and the UAE.
3. Added to this is the decline in demand for the dollar due to the increased level of banking compliance with international conditions on dollar transfers to prevent their smuggling to Iran, Syria, and Turkey via Iraq. As a result, suspicious transfers have decreased, and illicit demand for dollars has declined, contributing to the stability of the dollar exchange rate.
4- The effectiveness of the Central Bank’s foreign reserves management to compensate for the decline in the dollar supply in the parallel market, thus curbing the exchange rate towards the target.
5- The effectiveness of the inflation targeting policy led to a slowdown in the rise in the general price level (inflation) in Iraq, which limited the phenomenon of dollarization and raised the real value of the dinar.
6- Decline in speculation in the parallel market. Following the regulatory measures, the activity of unlicensed money changers and speculators who artificially raised prices declined.
7- The effectiveness of financing travelers in dollars through the official rate using payment cards at reduced costs and at the official exchange rate of 1320 dinars per dollar, in addition to collecting cash dollars through Iraqi airports, in the amount of 3000 dollars at the official rate for each traveler per month who carries an electronic payment card.
8- External international factors related to a general weakness in purchasing power in global markets and a decline in stocks, which caused a decline in the value of the dollar and a rise in gold, leading to a decline in demand for it globally and locally.
From the above-mentioned reasons, we find that exchange rate stability, despite its importance as a short-term objective of monetary policy, was achieved through “adjustment,” i.e., a short-term price adjustment trend resulting from short- or medium-term measures and treatments for exchange rate fluctuations. The aim was to restore temporary economic equilibrium without changing the basic structure of the economy and without deep-rooted long-term policies, which reduces the effectiveness of targeting the exchange rate at the long-term target level. Stability could have been achieved as a result of long-term structural “adjustment” by following long-term policies as follows:
1- Decrease in demand for the dollar due to the availability of agricultural or industrial GDP revenues as a substitute for imports.
2- Improvement in the balance of payments thanks to non-oil agricultural and industrial exports.
3- Structurally reforming the banking system and activating the role of monetary tools, especially the interest rate structure, in a way that restores the overall balance to its natural state without a split between what is real and what is monetary.
4. Reducing rentierism by diversifying the economy through allocating resources based on foreign trade to generate national surplus value. The result: more sustainable stability, as the economy becomes less dependent on external factors.
If the current balance remains in place, the dollar supply will still be vulnerable to depletion within a year of imports if oil exports cease due to wars and threats, for example, or if the economy is exposed to similar external shocks. Furthermore, reliance on reserve management and other stringent measures will not be sufficient to ensure long-term exchange rate stability.
In conclusion, while ensuring that the exchange rate stabilizes near its target level is a significant achievement for monetary policy, the absence of structural reforms, economic diversification, improving the business environment, combating corruption, and other factors will make any exchange rate stability vulnerable to reversal, particularly with oil price fluctuations, political crises, and external shocks. This underscores the importance of planning for long-term structural adjustment at the macroeconomic policy level. LINK
News, Rumors and Opinions Friday 5-9-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 9 May 2025
Compiled Fri. 9 May 2025 12:01 am EST by Judy Byington
The Plan
Thurs. 8 May 2025 DO NOT PANIC — THIS IS THE PLAN …Quantum Financial System on Telegram
The Quantum Financial System (QFS) is already live. Once the blackout begins, it will override all corrupt financial systems, securing your identity, assets, and data through biometric encryption. Your bank accounts will be safe. Your information protected. Fraud-proof. Tamper-proof. Immutable.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 9 May 2025
Compiled Fri. 9 May 2025 12:01 am EST by Judy Byington
The Plan
Thurs. 8 May 2025 DO NOT PANIC — THIS IS THE PLAN …Quantum Financial System on Telegram
The Quantum Financial System (QFS) is already live. Once the blackout begins, it will override all corrupt financial systems, securing your identity, assets, and data through biometric encryption. Your bank accounts will be safe. Your information protected. Fraud-proof. Tamper-proof. Immutable.
Possible Timing:
As of Thurs. 1 May 2025 the fiat banking system was DEAD. Redemption Centers, active and gold-backed funds were being distributed globally through the Quantum Financial System (QFS).
On Tues. 6 May 2025 Newsmax President Trump announced the gold-backed Bitcoin, “An earth shattering announcement that will affect America and it’s people.”
Global Currency Reset:
Tues. 6 May 2025 A small bank in Alabama has (allegedly) suspended services from Thurs. 8 May to Mon. 12 May saying customers will then be able to access a new digital platform. …Jordan Clark on X
~~~~~~~~~~~~~~~
Thurs. 8 May 2025 The Big Call Bruce:
The QFS was (allegedly) fully integrated as of 5 pm today Thurs. 8 May 2025.
They also (allegedly) have our Digital Golden Wallets ready: the Quantum Account Card would go in that.
You will have a Quantum Card with a new email, new email password, 5 digit pin code, user name password.
We can (allegedly) withdraw a large sum out of our account to use for the first 60 days. After 60 days we will have full access to our funds.
There will (allegedly) be no structured settlements
We will get a credit debit card to access our funds.
We will have a Quantum Account that we do not use other than to move funds out of it to another bank.
The US has a new trade deal with the UK England, Whales, Ireland, Scotland, and many other trade deals in the works.
On Fri. 9 May around 10 am EST President Trump will(allegedly) be in Iraq to make an announcement about the Dinar revaluation, Global Currency Reset and a peace deal with Hamas and Israel.
Tier4b will get notified shortly thereafter and begin our exchanges.
Redemption Personnel will be going in at 9 am Friday and 9:15 Saturday.
DOGE checks, SS increases, R&R allowances should all be out in May.
If they don’t offer you the contract rate on the Dinar, you can (allegedly) ask for it and they have to give it to you.
~~~~~~~~~~~~
Thurs. 8 May 2025: “Now comes the Storm.” …Julian Assange
On March 27 2025 they (allegedly) seized control of the Fed.
On April 26 2025 the Gold Standard(allegedly) returned globally.
By May 1 2025 the entire fiat system (allegedly) was officially DEAD.
Redemption Centers are active. Gold-backed currency is (allegedly) here.
Read full post here: https://dinarchronicles.com/2025/05/09/restored-republic-via-a-gcr-update-as-of-may-9-2025/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick [Iraqi banking friend Aki update] WALKINGSTICK: Where are the lower notes? AKI: They're at the CBI. You know that. Walkingstick: He suggested they're also in the ATM machines.
Frank26 Article: "An Iraqi politician suggested to Al-Sudani that he invite Trump to the Baghdad summit." Quote: "President Trump's visit to the Middle East presents valuable opportunities for the Sudanese government to capitalize on by affirming its policy of distancing itself from regional axes and Iranian dependence." He's coming IMO!
Militia Man Advisers from Sudani...those folks are the real source...They may not be giving you the whole picture...because the Central Bank of Iraq can't always tell you exactly what they're going to do. But they give you education...all the way through the process but the last thing they're ever going to do is tell you, 'We're going to revalue the currency tomorrow at 10:00 in the morning or anything like that. They're just not.
US Dollar Drops 9% as Trump Pushes for Inflation and Fed Alerts Stagflation is here
Lena Petrova: 5-8-2025
The US dollar has taken a significant hit, tumbling 9% against a basket of major currencies amidst a confluence of factors: President Trump’s apparent push for inflation and growing concerns, highlighted by a recent Federal Reserve alert, that the US economy may be entering a period of stagflation.
The dramatic drop in the dollar reflects a loss of confidence in the US economy and its currency. President Trump’s rhetoric and reported policies seem to prioritize aggressive economic growth, even at the expense of higher inflation. This stance, while potentially aimed at boosting short-term economic indicators, raises concerns about the long-term value of the dollar.
The combination of a deliberate push for inflation and the potential for stagflation creates a perfect storm for a weakening dollar. Investors are increasingly concerned about the long-term health of the US economy and are seeking safer havens for their capital. This capital flight further exacerbates the dollar’s decline.
The coming months will be critical in determining whether the US can navigate the challenges of inflation and potential stagflation and restore confidence in the dollar. Investors and consumers alike will need to stay informed and adapt to the evolving economic landscape.
“Tidbits From TNT” Friday Morning 5-9-2025
TNT:
Tishwash: A new digital gateway: Iraq launches first unified telecom transit route
Iraq has signed a strategic transit agreement with DIL Technology, a Kurdish-licensed firm, to enable seamless data flow across its territory.
The deal, finalized on Thursday by the Ministry of Communications, marks the first time Iraq presents a unified telecom front to international companies. It streamlines the process of transmitting data through the country, eliminating the need for companies to negotiate separately with federal and Kurdish entities.
Hayam Al-Yasiri, the Minister of Communications, said the agreement boosts Iraq’s potential as a secure and efficient alternative to unstable maritime routes, especially amid rising concerns from global telecom providers over regional disruptions.
TNT:
Tishwash: A new digital gateway: Iraq launches first unified telecom transit route
Iraq has signed a strategic transit agreement with DIL Technology, a Kurdish-licensed firm, to enable seamless data flow across its territory.
The deal, finalized on Thursday by the Ministry of Communications, marks the first time Iraq presents a unified telecom front to international companies. It streamlines the process of transmitting data through the country, eliminating the need for companies to negotiate separately with federal and Kurdish entities.
Hayam Al-Yasiri, the Minister of Communications, said the agreement boosts Iraq’s potential as a secure and efficient alternative to unstable maritime routes, especially amid rising concerns from global telecom providers over regional disruptions.
The newly integrated corridor stretches from the southern port of Al-Faw to the northern border at Ibrahim Khalil border crossing, forming a continuous fiber-optic network under centralized oversight.
The agreement, according to Al-Yasiri, not only enhances Iraq’s appeal to international partners but also supports long-term revenue generation and digital sovereignty.
DIL Technology, which maintains infrastructure across Iraq’s border crossings, will serve as the technical facilitator under the federal ministry’s authority. link
************
Tishwash: Improvement or temporary truce? The dollar's decline sparks hope in the Iraqi street.
At a time of volatile market conditions and turmoil in citizens' pockets, the decline in the dollar exchange rate offers a glimmer of hope amid the darkness of the economic crises that have long exhausted Iraqis. Many families breathed a sigh of relief after seeing prices drop slightly, and many merchants felt a sense of reassurance as they reassessed their accounts in hopes of stability. But behind this sudden decline lie questions that are even bigger than the numbers: Is this a real improvement or merely a temporary truce?
Iraqis, tired of the dollar's rise and fall, are now viewing this decline with caution, watching the small details behind the big decisions. Amid this atmosphere, economic researcher Mustafa Hantoush, commenting today, Thursday (May 8, 2025), dotted the i's and crossed the t's.
Hantoush told Baghdad Today, "Trade with Iran, and with the ongoing talks between Iraq and the United States, has become less of a concern. Now, the Central Bank has moved to fill up $5,000, which has eased the pressure on the parallel market."
He added, "If the monopoly with Iran, the issue of travelers to sanctioned countries, and the monopoly of competition between banks are addressed, the exchange rate will return and stabilize at 1,350 dinars. But if they are not addressed, prices will remain volatile, and the decline will remain temporary."
The dollar exchange rate against the dinar recorded a new decline in local markets in Iraq today, Thursday (May 8, 2025).
A Baghdad Today correspondent said that the dollar exchange rate reached 142,000 dinars per $100 on the Al-Kifah and Al-Harithiya stock exchanges, while the selling price was 143,000 dinars per $100.
He pointed out that the purchasing price at exchange offices in local markets in Iraq is 141,000 dinars for $100. link
************
Tishwash: The dollar's exchange rate is stabilizing towards its target: adaptation or adjustment?
Dr. Haitham Hamid Mutlaq Al-Mansour
It became clear in the period from last April until this May that the dollar exchange rate in Iraq began to stabilize, declining towards the (official) target level. Therefore, a question may be raised in this context: Is this stability the result of “adaptation” or “adaptation”?
To answer this question, we examine the reality of monetary policy measures that strengthened the foreign exchange signal's response to the downward trend, which can be described in the following paragraphs:
1. The Central Bank's restrictive policy of controlling dollar sales to banks through transparency measures for transfers of unclear origin aimed at combating smuggling. This increased the official supply and eased pressure on the exchange rate.
2. The effectiveness of monetary policy in financing foreign trade through highly rated correspondent banks, within the framework of the US Treasury and Federal Reserve's conditions. This is in addition to the trend toward settlement in euros, yuan, and UAE dirhams, which has facilitated remittance transactions in our trade with China, Turkey, and the UAE.
3. Added to this is the decline in demand for the dollar due to the increased level of banking compliance with international conditions on dollar transfers to prevent their smuggling to Iran, Syria, and Turkey via Iraq. As a result, suspicious transfers have decreased, and illicit demand for dollars has declined, contributing to the stability of the dollar exchange rate.
4- The effectiveness of the Central Bank’s foreign reserves management to compensate for the decline in the dollar supply in the parallel market, thus curbing the exchange rate towards the target.
5- The effectiveness of the inflation targeting policy led to a slowdown in the rise in the general price level (inflation) in Iraq, which limited the phenomenon of dollarization and raised the real value of the dinar.
6- Decline in speculation in the parallel market. Following the regulatory measures, the activity of unlicensed money changers and speculators who artificially raised prices declined.
7- The effectiveness of financing travelers in dollars through the official rate using payment cards at reduced costs and at the official exchange rate of 1320 dinars per dollar, in addition to collecting cash dollars through Iraqi airports, in the amount of 3000 dollars at the official rate for each traveler per month who carries an electronic payment card.
8- External international factors related to a general weakness in purchasing power in global markets and a decline in stocks, which caused a decline in the value of the dollar and a rise in gold, leading to a decline in demand for it globally and locally.
From the above-mentioned reasons, we find that exchange rate stability, despite its importance as a short-term objective of monetary policy, was achieved through “adjustment,” i.e., a short-term price adjustment trend resulting from short- or medium-term measures and treatments for exchange rate fluctuations. The aim was to restore temporary economic equilibrium without changing the basic structure of the economy and without deep-rooted long-term policies, which reduces the effectiveness of targeting the exchange rate at the long-term target level. Stability could have been achieved as a result of long-term structural “adjustment” by following long-term policies as follows:
1- Decrease in demand for the dollar due to the availability of agricultural or industrial GDP revenues as a substitute for imports.
2- Improvement in the balance of payments thanks to non-oil agricultural and industrial exports.
3- Structurally reforming the banking system and activating the role of monetary tools, especially the interest rate structure, in a way that restores the overall balance to its natural state without a split between what is real and what is monetary.
4. Reducing rentierism by diversifying the economy through allocating resources based on foreign trade to generate national surplus value. The result: more sustainable stability, as the economy becomes less dependent on external factors.
If the current balance remains in place, the dollar supply will still be vulnerable to depletion within a year of imports if oil exports cease due to wars and threats, for example, or if the economy is exposed to similar external shocks. Furthermore, reliance on reserve management and other stringent measures will not be sufficient to ensure long-term exchange rate stability.
In conclusion, while ensuring that the exchange rate stabilizes near its target level is a significant achievement for monetary policy, the absence of structural reforms, economic diversification, improving the business environment, combating corruption, and other factors will make any exchange rate stability vulnerable to reversal, particularly with oil price fluctuations, political crises, and external shocks. This underscores the importance of planning for long-term structural adjustment at the macroeconomic policy level. link
Mot: Corn syrup season is here!!!!!
States To Defend People's Gold & Silver | Andy Schectman
States To Defend People's Gold & Silver | Andy Schectman
Liberty and Finance: 5-8-2025
In this livestream Q&A, Miles Franklin CEO & President Andy Schectman explores the growing grassroots movement of states pushing back against federal monetary control and defending the constitutionally protected right to sound money.
As inflation and financial instability escalate, more states are stepping up to assert their sovereignty and protect their citizens from the consequences of decades of reckless fiscal policy.
Schectman discusses whether this movement could mark a turning point in the battle against the financial tyranny imposed since the Fed’s creation in 1913.
States To Defend People's Gold & Silver | Andy Schectman
Liberty and Finance: 5-8-2025
In this livestream Q&A, Miles Franklin CEO & President Andy Schectman explores the growing grassroots movement of states pushing back against federal monetary control and defending the constitutionally protected right to sound money.
As inflation and financial instability escalate, more states are stepping up to assert their sovereignty and protect their citizens from the consequences of decades of reckless fiscal policy.
Schectman discusses whether this movement could mark a turning point in the battle against the financial tyranny imposed since the Fed’s creation in 1913.
As inflation continues to bite and financial uncertainty looms large, a quiet revolution is brewing across the United States. A growing grassroots movement of states is pushing back against the long-standing grip of the federal government on monetary policy, asserting their sovereignty and defending the constitutionally protected right to sound money.
In a recent interview with Liberty and Finance, Miles Franklin CEO & President Andy Schectman delved into this burgeoning movement, exploring its potential to reshape the financial landscape. Could this be the turning point in the fight against the financial tyranny that, according to Schectman and many others, has been imposed since the Federal Reserve’s creation in 1913?
For decades, Americans have witnessed the erosion of their purchasing power as the Fed has printed money at will, fueling inflation and devaluing the dollar. Now, fueled by growing discontent, states are taking matters into their own hands, exploring alternative currencies, challenging tax laws related to precious metals, and demanding greater transparency in monetary policy.
Schectman highlights the significance of this movement. He argues that these states are not just reacting to the immediate pressures of inflation and financial instability, but are also asserting their constitutional rights.
The Constitution grants Congress the power to coin money and regulate its value, a power that many believe has been unlawfully delegated to the Federal Reserve.
The states are employing various strategies to reclaim control over their financial destiny.
Some are working to exempt gold and silver from state sales taxes, effectively recognizing precious metals as legitimate forms of currency. Others are exploring the feasibility of establishing state-backed digital currencies or alternative payment systems.
This movement is not just about economics; it’s about liberty and the future of American sovereignty. By challenging the Fed’s monopoly on money, these states are implicitly challenging the federal government’s overreach and demanding accountability from elected officials.
The fight for sound money and financial freedom is a long and challenging one. But the growing grassroots movement of states pushing back against federal monetary control offers a glimmer of hope.
By working together, Americans can demand accountability from their elected officials and reclaim control over their financial destiny, securing a more prosperous and stable future for themselves and their nation.
This movement, as Schectman suggests, could be the key to unlocking a new era of financial independence and limited government, paving the way for a return to the principles of sound money and individual liberty.
