Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 8-25-26

Good Afternoon Dinar Recaps,

BRICS Builds the Plumbing for a More Multipolar Financial System

The most consequential part of the BRICS financial story may not be a new currency. It may be the payment infrastructure being built underneath global trade.

Overview

• BRICS countries are exploring ways to connect their fast-payment systems and central bank digital currencies (CBDCs) to make cross-border transactions faster and less expensive.

• India is pushing for greater use of the rupee in international settlements,while BRICS members examine ways to make local-currency payments more practical.

• The development does not mean a BRICS currency is replacing the dollar.Instead, it represents something potentially more important over time: the construction of additional payment channels that could reduce dependence on traditional dollar-centered settlement.

Key Developments

1. BRICS is focusing on payment infrastructure—not just a new currency

Reserve Bank of India Governor Sanjay Malhotra said BRICS members are discussing potential linkages between their national fast-payment systems and CBDCs. The objective is to make international payments faster, cheaper and more efficient.

That is significant because much of the global financial-reset discussion has focused on whether BRICS will eventually create a common currency.

But a common currency is not necessary to change the architecture of international payments.

Connecting existing payment systems could allow countries to continue using their own currencies while making cross-border settlement more efficient.

That is a much more practical—and potentially more achievable—path.

2. India wants the rupee to play a larger role

India is already using the rupee for settlements with some trading partners, although Governor Malhotra acknowledged that the volumes remain relatively small and need to expand.

This is an important distinction.

The objective is not necessarily to replace the dollar overnight.

Instead, countries can gradually increase the percentage of trade settled in their own currencies, reducing the number of transactions that require conversion into dollars before reaching their final destination.

Over time, that can change the composition of global currency demand.

3. Fast-payment systems could become the foundation of a new settlement network

India's UPI provides an important example of what BRICS members are examining.

Rather than building an entirely new global financial system from scratch, countries could potentially connect systems they already operate.

That approach could include:

National payment rails → cross-border interoperability → local-currency settlement → CBDC connectivity

The BRICS discussions are still at an early stage, and there is no fully operational BRICS-wide payment network resulting from these talks yet. Reuters reports that members are still discussing possible linkages and approaches.

That caveat is important.

This is infrastructure under development—not a completed replacement for SWIFT or the dollar.

Why It Matters

The global financial system is built on more than currencies.

It also depends on the rails that move money.

For decades, international commerce has relied heavily on correspondent banks, dollar clearing and established messaging and settlement infrastructure.

If emerging economies develop efficient alternatives, the effect could be gradual but significant.

→A Brazilian company could increasingly trade with an Indian company using local currencies.

→An Indian company could settle with a Russian supplier in rupees or rubles.

→A Chinese company could increasingly conduct trade without every transaction passing through the same dollar-centered pathway.

None of those transactions individually threatens the dollar.

But millions of transactions operating through alternative channels could gradually change the structure of global trade settlement.

Why It Matters to Foreign Currency Holders

For foreign-currency holders, this is one of the developments worth watching closely because it moves the discussion beyond speculation about a sudden currency revaluation.

The more important question is: Which currencies are actually being used for international trade

If BRICS countries succeed in expanding local-currency settlement, currencies such as the rupee, yuan, ruble and real could gain greater transactional importance even without becoming reserve currencies on the scale of the dollar.

That could eventually create greater demand for currencies that previously had limited international circulation.

However, greater use does not automatically mean a dramatic increase in currency value. The economic fundamentals of each currency still matter.

Implications for the Global Financial Reset

• The reset may be about infrastructure before currency

The most important development may not be the creation of a BRICS currency.

It may be the creation of multiple settlement pathways.

That changes the financial system at its foundation.

The emerging model looks less like:Dollar → everything

and increasingly like: Dollar + Yuan + Rupee + other local currencies + interoperable payment systems

That is the beginning of a more multipolar settlement environment.

• BRICS is building optionality

This is perhaps the most important word in the story: optionality.

BRICS does not need to eliminate the dollar to reduce dependence upon it.

It simply needs to give businesses and governments more choices.

The ability to settle directly in local currencies reduces exposure to dollar shortages, currency-conversion costs and, for some countries, the risks associated with sanctions and dependence on Western financial infrastructure.

• The dollar's role could change gradually rather than collapse suddenly

The dollar remains deeply embedded in global trade, finance, reserves and capital markets.

Nothing in the current BRICS discussions changes that overnight.

But financial systems can change through incremental diversification.

If alternative payment rails become faster and cheaper, economic incentives—not political declarations—could gradually encourage greater use.

That is ultimately more important than headlines announcing the "end of the dollar."

What to Watch Next

The critical indicators will be whether BRICS moves from discussion toward actual technical interoperability between national payment systems.

Watch for:

• Formal agreements connecting fast-payment systems

• Greater use of local currencies in BRICS trade

• Expansion of India's rupee settlement arrangements

• Progress on CBDC interoperability

• Changes in correspondent-banking relationships

• Evidence that businesses—not just governments—are adopting alternative settlement channels

The upcoming BRICS discussions will be particularly important because India is hosting the 2026 summit, putting payment infrastructure and financial cooperation directly into the group's agenda.

Bottom Line

The global financial system does not have to experience a dramatic "currency replacement" to undergo a reset.

It can change one payment rail at a time.

BRICS' exploration of interconnected payment systems, CBDCs and expanded local-currency settlement represents an important structural development because it addresses how money actually moves across borders.

The dollar remains dominant.  But the architecture surrounding it is becoming more diversified.

The emerging global financial reset may therefore be less about replacing the dollar—and more about building a world where countries no longer have to rely on a single financial pathway to conduct global trade.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — BRICS nations discuss linking payment systems and CBDCs

• Moneycontrol — RBI Governor Sanjay Malhotra says BRICS eyeing faster cross-border payments

~~~~~~~~~~

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Reset Day Is Coming — Here’s What Happens to Your Money, Debt & Home

Reset Day Is Coming — Here’s What Happens to Your Money, Debt & Home (How to Prep)

Daneila Cambone and Taylor Kenny:  8-24-2026

In today’s interview, Daniela Cambone speaks with ITM Trading’s Taylor Kenney about what “Reset Day” could mean for your savings, debt, and home and how to prepare before the rules change.

History often provides clear indicators when monetary systems come under structural strain. During the conversation, Taylor Kenney highlights firsthand accounts and real-world examples of past currency crises, such as the economic devaluations experienced in Mexico.

These historical events demonstrate a remarkably consistent pattern: central banks overprint currency, public confidence in paper money steadily erodes, purchasing power declines through accelerating inflation, and the system eventually undergoes an official devaluation or revaluation.

When a currency is officially devalued, the nominal figures in a bank account may remain the same, but their actual purchasing power drops precipitously. Savers who keep their entire reserve in fiat currency bear the brunt of these adjustments, making it essential to recognize that monetary shifts are rarely sudden anomalies—they are typically the predictable result of prolonged fiscal expansion.

Spotting an impending monetary transition requires paying attention to macro-level indicators. Kenney and Cambone emphasize several critical warning signs currently visible in global markets, most notably shifts within the bond market and the escalating costs associated with servicing public debt.

As government debt burdens rise, interest payments consume an increasingly large portion of annual budgets. This dynamic restricts the flexibility of monetary policy and frequently leads central banks to rely on further currency creation to manage obligations. For everyday observers, watching the bond market and national debt interest yields key clues about the health of the broader financial architecture.

A major misconception surrounding the concept of a monetary reset is the idea of widespread debt forgiveness. Some assume that a systemic overhaul will automatically wipe out mortgages, personal loans, or credit obligations. However, economic history suggests otherwise: financial institutions historically ensure that debt contracts are preserved or adjusted in ways that safeguard creditors rather than borrowers.

Similarly, while real estate remains a tangible and valuable asset class, its market value and liquidity can fluctuate dramatically during periods of monetary stress. High interest rates and tightening credit conditions can constrain real estate transactions even while underlying costs rise. Relying solely on real estate or paper assets during a currency transition can leave individuals exposed to unexpected liquidity challenges.

One of the most encouraging takeaways from the discussion is that wealth preservation is not reserved exclusively for institutional investors or the ultra-wealthy. Precious metals like physical gold and silver remain accessible, time-tested stores of value for people across all financial backgrounds.

Unlike fiat currency, physical precious metals cannot be printed by executive decree or degraded by inflationary policy. They carry no counterparty risk and have maintained their purchasing power across centuries of economic shifts, currency reconfigurations, and market cycles. Allocating a portion of one’s portfolio toward tangible, sound assets serves as a practical hedge against the uncertainty of paper-based financial systems.

While discussing a global monetary reset highlights real economic vulnerabilities, the overarching message from Daniela Cambone and Taylor Kenney is one of hope and empowerment. Increased public awareness, continuous education, and proactive financial planning give individuals the tools needed to weather significant economic transitions successfully.

00:00 Taylor's Take on Monetary Reset

02:38 What Is a Monetary Reset?

03:56 How Urgent Is the Reset?

05:24 The Biggest Concern for Everyday Savers

07:30 Could an Uprising Happen?

12:08 How to Use Gold and Silver

14:11 Understanding Gold Price Fluctuations

https://www.youtube.com/watch?v=_pxHJ433kp4

Majeed KSA: The Plan is the RV for August 31st

Majeed KSA: The Plan is the RV for August 31st

8-25-2026

This is just my guess.

RV might happen on August 31.

It would be the 107th day for the new Prime Minister in office.

107 = 17

Maybe.

“Iraq government is working to remove the gap between the exchange rates and it has a PLAN for this problem.”

Yeah, the plan is the RV.

Channel 8 English:  MP Rebwar Karim told Channel8 that the Iraqi government “is working to address the existing gap between the official rate and the market rates,” adding that it has "a plan" to resolve this matter, but this topic can only be discussed after the budget and after the redenomination of the dinar. Read more:https://channel8.com/english/news/64384

You gotta read this and I’m begging you use your logic for once.

If Iraq is deleting 000 from the note… and they are only printing limited amount of the new notes… but still wanna keep the same exchange rate 1310 for each $1.

How would that make it easier for citizens during traveling?

They will make citizens carry bags of cash from the new Notes in order to exchange them for $100.

So anybody tells you the rate is not gonna change… please do yourself a big favor and stop reading their BS and use your logic for once.

Yes, if you haven’t noticed… you were born with logic…. Believe me you have it use it.

Channel 8 English:  MP Rebwar Karim told Channel8 that the Iraqi government “is working to address the existing gap between the official rate and the market rates,” adding that it has "a plan" to resolve this matter, but this topic can only be discussed after the budget and after the redenomination of the dinar. Read more:https://channel8.com/english/news/64384

Crypt2Ditto: Yeah exactly, imagine deleting 3 zeros and to get a dollar you need 1310 of that new notes. Thats would put them in the likes of Iran’s current money state. How does that make sense.

Source(s):
• https://x.com/majeed66224499/status/2092025311516934265

Read full post here:  https://dinarchronicles.com/2026/08/24/majeed-ksa-the-plan-is-the-rv-for-august-31st/

News, Rumors and Opinions Tuesday 8-25-2026

Reset Intelligence: Will the Dinar Strengthen or Collapse?

8-25-2026

Will the Dinar Strengthen or Collapse?

By Reset Intelligence | @EXIT_FIAT

Over one weekend, Iraq moved the currency question out of the committee rooms and onto the evening news.

State television framed it as one question: after the zeros come off, does the dinar strengthen or collapse.

The governor

The Central Bank of Iraq governor, Nizar Nasser Hussein, briefed parliament’s finance committee and described the current monetary stance as a “gradual transition to support the real economy.” Central bankers do not call a policy a transition unless they know where it is going.

The chart

The same weekend an economist, al-Ashaiqer of the Injah Center, went on Iraq Al-Hadath television with the plain version: deleting the zeros from the dinar is a step without value unless the currency is pegged to the dollar. He showed 50 years of charts, Jordan, the UAE, Saudi Arabia, each one volatile until the day its state pegged, then a flat line for decades. He said that flat line is where the Central Bank of Iraq is steering.

The bill and the perimeter

• Finance minister al-Sari – asked to be hosted before parliament to explain the crisis; the number he carries is a 16 billion dollar deficit for the first half of 2026.

• Washington – Treasury Secretary Bessent took the podium Monday to detail the Iran isolation package he calls an economic D-Day.

• The tell – no government teaches its own people how money works, seals its borders against cash, and walks them through redenomination on prime time in order to preside over a collapse. Collapse does not need a curriculum.

The only question history will ask is who saw it while it was actually happening.

Read the full daily briefing free for 5 days. Sign up here: resetintelligence.com

Want it straight from the horse’s mouth? The CBI Rate Alert pings you the moment the Central Bank of Iraq moves the official rate. The number itself, not a rumour about it. It comes with our free resource library and the daily breakdown of what is actually moving in Iraq. Sign up free: resetintelligence.com/rate-alert

The book that mapped the design behind all of it: Head of the Snake. Free guides and scenario reports: the resource library.

Follow the daily intel free: Telegram · Facebook · Spotify · Odysee

https://dinarchronicles.com/2026/08/24/reset-intelligence-will-the-dinar-strengthen-or-collapse/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Omar  The CBI has officially made the announcement that they have opened the exchange rate review.  This rate has been closed since the rate was changed back in 2023.  At least we know they are reviewing a change.  This is so encouraging compared to this last week...At least we know the file is open.

Stephen  What we are seeing the last few months is an acceleration period like we have never seen before...We have never seen this much progress that we have seen in all of the last 23 years combined.  It's absolutely incredible what we're seeing in the last few months...We are seeing things happen at break-neck speed...We don't know how much longer this is going to go.  I am personally am excited...Could it be September...October... November...December?  Nobody knows...

Frank26  [Iraq boots-on-the-ground report]  OMAR: The television is telling us...they're going to delete the zeros...and repeating it over and over.  They don't go into the next part and define how is it that we're going to be getting purchasing power through the lower denominations.  And also when you get it out of our borders, they're going to delete the zeros is all they keep telling us, not giving us any value...It's just a cosmetic fix is what they're telling us.  FRANK:  I disagree with the television because lifting the three zeros will definitely make your currency worth at least 76 cents...Then we will take it to a dollar or $3.22 or $4.25 outside of your country.  Inside, your goal is 1 to 1.

America Hits $40 Trillion in Debt — The Real Crisis Is Here

Lena Petrova: 8-25-2026

America’s national debt has crossed an unprecedented and historic milestone, officially surpassing the $40 trillion mark. While headline figures of this magnitude often spark intense political debate, the true economic significance of this number lies far beyond the sheer scale of the balance sheet.

 For economists, investors, and everyday citizens, the immediate concern is not just the total amount owed, but the rapidly escalating cost of servicing this debt in a high-interest-rate environment.

https://www.youtube.com/watch?v=BqkFEHY2ZIs

Iraq Economic News and Points To Ponder Late Monday Evening 8-24-26

Iraq Finance Committee Recommends Postponing Dinar Redenomination Vote 

Daban Mohammed   At a Glance

• The Iraqi Finance Committee officially advises delaying the vote on removing zeros from the dinar.

• Replacing banknotes without deleting zeros remains under the independent authority of the Central Bank.

• Redenomination requires brand-new laws to amend civil, commercial, and penal codes across Iraq.

According to an official legal memorandum obtained by Channel8 from lawmaker Dilan Ghafoor, the Parliamentary Finance Committee has formally recommended postponing the vote on the dinar redenomination draft law. 

Key Statement and Focus Area

• The memorandum notes that "the process of only changing the Iraqi currency, without removing the zeros, falls strictly within the scope, duties, and responsibilities of the Central Bank of Iraq."
  

• The proposed delay in the redenomination draft law aims to identify the most significant challenges and obstacles in implementing any changes that may occur to the currency.

The memorandum, written by Committee Chairman Uday Awad Kadhim, was dispatched to the Office of the Council of Ministers following an emergency Sunday meeting between Finance Committee members and Central Bank officials, during which they discussed strengthening monetary policy, financing the budget deficit, and implementing reforms to resolve the ongoing financial crisis. 

Kadhim clarified that the Central Bank of Iraq will proceed with replacing banknotes without removing zeros during the coming period, a mandate granted under Article 36 of the amended Law No. 56 of 2004.

The memorandum stresses that changing the currency with the removal of zeros from the value of the Iraqi currency requires the enactment of a law drafted by the Prime Minister's office and sent to the Council of Representatives for legislation. 

The document highlights that executing a currency redenomination necessitates comprehensive legal amendments to civil, commercial, and penal codes, along with revisions to active investment contract valuations.

Furthermore, the legislative process requires updating anti-money laundering and institutional integrity laws while clearly defining implementation timelines. 

These statutory adjustments are mandatory to safely preserve the rights and financial obligations of both public and private sector creditors.

"Accordingly and based on the above, the Finance Committee recommends postponing the vote on the draft law (changing the currency and removing zeros) until extensive discussions are held among the following entities (Finance Committee, Council of Ministers, Central Bank of Iraq, Ministry of Finance, Ministry of Planning), to identify the most significant challenges and obstacles in implementing any changes that may occur to the currency," the document concluded.

FYI

The long-shelved currency redenomination debate abruptly returned to the forefront of Iraqi politics due to unexpected public announcements and a deepening domestic budget squeeze.

Yesterday, the Iraqi Parliamentary Finance Committee hosted Central Bank officials on Sunday to evaluate monetary frameworks, optimize deficit-financing strategies, and address pressing issues like public sector payroll delays and inflation metrics. 

lawmaker Rebwar Karim told Channel8 today “the decision to remove the zeros from the dinar has its own procedures.” 

He said although the government plans to delete zeros from the dinar, the initiative remains pending without an official decision due to incomplete legislative steps.

However, Government spokesperson Haider al-Aboudi clarified that an official decision to delete zeros from the dinar has not been finalized, adding that the Finance Committee estimated a three-to-seven-year transition for the redenomination process, which will keep the currency's actual value unchanged.   https://channel8.com/english/news/64393

Iraq To Slash Three Zeros From Currency, Introduce New Notes

Aug. 24, 2026 •  It also aims to curb the use of cash outside the system, which may be used for criminal activities and corruption, he explained.

ERBIL, Kurdistan Region of Iraq – Iraq is set to remove three zeros from its currency in a bid to rebrand the dinar and support digitizing transactions to combat cash outside the system used for crime and corruption, a lawmaker said Monday.

  Jamal Kocher, a Kurdish member of the Iraqi parliament's finance committee, told The New Region that Prime Minister Ali al-Zaidi “has requested removing zeros from the bills. If this happens, it means that 1,000 dinars will become one dinar, 25,000 dinars will be 25 dinars.”

  Earlier in August, Communications Minister Mustafa Sanad confirmed that the decision to remove the zeros and change the currency had been made.

The Central Bank of Iraq, however, has yet to formally announce a timetable for the process.

  Iraq added zeros to the dinar when it was heavily sanctioned toward the end of the rule of former dictator Saddam Hussein, Kochar noted, explaining that adding zeros to a currency is an indication that it is degrading.

  Asked about Iraq’s rationale for the overhaul, the lawmaker said that some neighbouring countries have taken legitimate Iraqi bills and sent back copied versions, and that smaller amounts, like cents, are needed in the market.

  It also aims to curb the use of cash outside the system, which may be used for criminal activities and corruption, he explained.

  “Any crime that is committed in the world, whether it is murder, organized crime, money laundering, or trading opium and hashish and those things, is all committed through money that does not go through the banking system,” said Kochar.

  “Guarantees may be put in place for those using digital transactions so the currency stays under the government’s control while transparency emerges,” he stressed.

  According to the lawmaker, the change will not affect people’s daily lives or purchasing power. Prices will remain fixed while the zeros are removed and smaller amounts are introduced. People may exchange the older version for the new one.

  Previously, only France and Germany printed Iraqi dinars, but now the government has also approached the United Kingdom and Australia in a bid to speed up the process.

https://thenewregion.com/posts/6317     The New Region   @thenewregion  

Iraq is set to remove three zeros from its currency in a bid to rebrand the dinar and support digitizing transactions to combat cash outside the system used for crime and corruption, a lawmaker said Monday

https://x.com/thenewregion/status/2091854678388605203

Iraq Revives Plans To Remove Zeros From Dinar

Shanya Salar 

At a Glance

• The Finance Committee discusses currency reform

• The Central Bank has prepared new designs

• Reform would not change purchasing power

• The process could take up to seven years

Iraq has renewed discussions over a long-planned currency reform that would remove zeros from the dinar, with the Central Bank and Parliament examining the requirements for implementing the proposal.

Key Statements and Focus Area

• No change in value: The Finance Committee considers the removal of zeros an accounting and monetary reform rather than a change in the actual value of the currency. Under the proposal, removing zeros would simplify the figures used in commercial transactions, government budgets, and banking operations without changing the purchasing power of the dinar. The measure is also intended to reduce calculation and accounting errors associated with the large denominations currently used in Iraq.

• Banking system: One of the main objectives is to bring an estimated 8 to 10 trillion dinars currently outside the formal banking system back into circulation through banks. The information provided indicates that a large proportion of Iraq’s cash is held outside banks, creating challenges for liquidity management and efforts to track monetary flows. The proposed currency change is therefore also being viewed as part of a wider effort to strengthen the banking system and improve control over cash circulation.

The parliamentary Finance Committee has held discussions with the Central Bank of Iraq over the proposal to remove zeros from the Iraqi dinar and introduce redesigned banknotes. The proposal remains under discussion and has not received final political approval.

According to information obtained by Channel8, the Central Bank has completed preparations for the proposed currency, including the designs and specifications of the new banknotes. The Central Bank said preparations for the currency reform have been underway since 2012.

Final samples of the proposed banknotes have reportedly been prepared, covering all denominations. The plan would involve printing approximately 7.5 billion individual banknotes, with estimated costs of around 250 billion dinars. Germany, France, Australia, and the United Kingdom have reportedly been selected to handle production of the new currency.

The currency reform cannot proceed without a legal framework. The government would need to submit a special draft law to Parliament before the Central Bank could formally implement the currency change. If approved, the replacement process would be carried out gradually rather than through an immediate withdrawal of existing banknotes.

The full process is expected to take between three and seven years. Despite the Central Bank’s preparations, there has been no final decision to implement the currency reform. The project remains dependent on political approval and the passage of the required legislation.

FYI

Iraq has previously considered removing zeros from the dinar as part of efforts to modernize its monetary and banking system. Similar currency redenomination projects in other countries have generally involved exchanging old notes for new denominations while maintaining equivalent real values, meaning that removing zeros by itself does not create additional purchasing power.

The Central Bank’s earlier plans were linked to broader reforms aimed at reducing the amount of cash circulating outside banks and encouraging greater use of formal financial institutions. The success of such a reform would depend not only on replacing banknotes but also on public confidence, banking infrastructure, and monetary stability.

https://channel8.com/english/news/64364

Seeds of Wisdom RV and Economics Updates Tuesday Morning 8-25-26

Good Morning Dinar Recaps,

When the Treasury Is No Longer Just a Safe Haven: The Bond Market Reprices U.S. Debt Risk

The U.S. Treasury market remains the world’s most important safe-haven market—but rising long-term yields, record federal debt and growing reliance on Treasury intervention are forcing investors to reconsider how they price U.S. fiscal risk.

Overview

• The U.S. bond market is sending a different signal: Treasuries remain broadly viewed as safe assets, but investors are demanding higher yields to hold longer-term U.S. debt.

• Federal debt has surpassed $40 trillion, while the federal deficit remains near 6% of GDP—far above the roughly 3% level generally associated with a more sustainable fiscal position.

• The Treasury's expanded bond-buyback program is attempting to ease pressure on long-term yields, but the underlying issue—rising debt and interest costs—remains unresolved.

Key Developments

1. The bond market is beginning to question the old assumptions

U.S. Treasuries have traditionally occupied a unique position in global finance: they are considered among the world's safest and most liquid assets and serve as a benchmark for borrowing costs around the world.

That status has not disappeared. Reuters notes that the United States has not suffered another credit downgrade, inflation expectations have not surged dramatically, and investors still largely regard Treasury securities as safe. But the market is demanding higher compensation to hold longer-duration U.S. debt, creating a potentially important change in how America's fiscal position is being priced.

2. $40 trillion in debt changes the mathematics

U.S. government debt has now crossed the $40 trillion threshold, while publicly held debt is approximately equal to the size of the U.S. economy.

Reuters reports that interest costs have risen to roughly 3% of GDP, about twice their previous level. At the same time, federal deficits remain unusually large, creating a situation in which the government must continuously refinance existing obligations while issuing additional debt.

The significance is cumulative.

Higher yields mean new borrowing becomes more expensive, but they also gradually increase the cost of refinancing older debt as securities mature.

That creates a feedback loop:

More debt → more interest expense → greater borrowing needs → more Treasury issuance → greater pressure on yields.

3. Treasury intervention is becoming part of the story

The Treasury recently doubled its long-term bond buybacks to at least $4 billion per operation after long-term yields reached their highest levels since 2007. The move initially helped the bond market, but the relief proved temporary as concerns over inflation and expanding government debt returned.

That creates an important distinction.

Buying bonds can influence market liquidity and the supply of particular securities. It cannot, by itself, solve a structural fiscal deficit.

This is why today's debate is becoming larger than the question of where the 10-year or 30-year yield settles.

The deeper question is whether fiscal policy can ultimately provide the credibility needed to keep long-term borrowing costs contained.

Why It Matters

The Treasury market sits underneath much of the global financial system.

U.S. Treasury yields influence mortgages, corporate borrowing, equity valuations, government financing costs and the pricing of financial assets worldwide. When the world's benchmark risk-free rate remains elevated, virtually every other asset must adjust.

The problem becomes more consequential if long-term yields remain high even when investors expect the Federal Reserve to ease monetary policy.

That would suggest that the pressure is coming increasingly from fiscal and supply considerations rather than simply from Fed policy.

And that is a very different financial environment.

Why It Matters to Foreign Currency Holders

For foreign-currency holders, the most important development isn't simply whether the dollar rises or falls on a particular day.

It is whether the global financial system begins to differentiate between the dollar as a currency and Treasury securities as the principal instrument supporting that currency's international role.

The dollar can remain the world's dominant reserve currency while investors simultaneously demand greater compensation for holding long-term U.S. government debt.

That distinction matters.

If Treasury yields remain structurally elevated, global investors may increasingly diversify across shorter-duration dollar assets, gold, other sovereign bonds and alternative currencies.

That does not mean a collapse of the dollar or an overnight replacement of the U.S. financial system.

It means the pricing of the system is changing at the margins.

Implications for the Global Financial Reset

• The Treasury market may be becoming an early warning system for fiscal restructuring.

The United States still possesses enormous financial advantages, including the world's largest economy, the dollar's reserve-currency status and the deepest government bond market.

But those advantages do not eliminate the cost of borrowing.

If investors increasingly require higher yields to absorb U.S. debt, the price of maintaining the existing financial architecture rises.

• The next phase may involve repricing rather than collapse.

A global financial reset does not necessarily arrive through one dramatic event.

It can occur through a series of smaller changes:

higher sovereign yields → higher debt-service costs → changing capital flows → currency diversification → greater demand for alternative reserve assets.

Today's bond-market developments fit that broader pattern.

What to Watch Next

The critical signals are now long-term Treasury yields, Treasury auctions, federal borrowing requirements and the market's reaction to additional Treasury buybacks.

Investors will also be watching the Federal Reserve closely for clues about inflation and future monetary policy, particularly as the Jackson Hole gathering approaches.

The most important question may be whether lower short-term rates can eventually bring down long-term yields—or whether the bond market itself is beginning to impose a higher price on U.S. fiscal risk.

Bottom Line

The United States has not lost its safe-haven status, and today's market does not establish that Treasury securities are suddenly unsafe.

But something more subtle may be happening.

The bond market is increasingly forcing investors to distinguish between "safe" and "cheap."

Treasuries can remain safe while becoming more expensive for the U.S. government to issue.

That distinction could become one of the defining financial stories of the next phase of the global monetary system.

The global financial reset may not begin with the dollar losing its reserve status—it may begin when the cost of maintaining the dollar-centered debt system becomes impossible for markets to ignore.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — Why the bond market may be resetting expectations about the US

• Reuters — US Treasury buyback strategy falls short as debt worries persist

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🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:  • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Tuesday Iraq News Posted by Tishwash at TNT 8-25-2026

TNT:

Tishwash:  The parliamentary legal committee submits 40 draft laws to the parliament's presidency.

 The parliamentary legal committee confirmed on Monday that it had submitted about 40 draft laws to the Speaker of Parliament, while clarifying the constitutional and procedural differences between draft laws and proposals.

Committee member Thaer Al-Kaabi told the official agency, as reported by 964 Network , that “the committee has completed submitting approximately 40 draft laws to the Council Presidency to proceed with their legislation,” indicating that a number of them have been read, most notably the Lawyers Law and the Notaries Public Law, as well as the reading of the Minors Care Law, which are qualitative and important legislations targeting a wide segment of the Iraqi people.”

Al-Kaabi explained that “the draft law” is submitted exclusively by the government, represented by the Council of Ministers, and is linked to the executive vision, and its texts are restricted by the allocations and schedules of the federal budget,” noting in contrast that “the proposed law” is submitted from within the House of Representatives or from the Presidency of the Republic, in accordance with the legislative frameworks.  link

Tishwash:    Exclusive to Kurdistan 24: US pressure on Baghdad to expedite the removal of zeros from the dinar to curb money laundering

Informed sources told Kurdistan24 today that the United States is exerting increasing pressure on the Iraqi government to expedite the implementation of the "removal of zeros from the Iraqi dinar" project, with the aim of crippling the movement of funds smuggled abroad and recovering cash liquidity hoarded through illegal means.

 According to exclusive information obtained by Kurdistan 24, the approval of this project will strip the old currency denominations of their legal tender value and stop their circulation as official currency, which will force the holders and smugglers of those funds to bring them in and deposit them exclusively through official banking channels inside Iraq to exchange them for the new denominations, which will ensure the reintegration of smuggled capitals into the national financial system.

 A crucial tool for uncovering corruption and sources of funds

The sources explained that this step constitutes a trap and strict control over money laundering and corruption networks, as the exchange of large sums of cash in banks will be subject to thorough investigations into the "sources of funds" (Where did you get this from?), which directly contributes to exposing and holding accountable the figures who seized public money and stored it in cash or in bank accounts outside the borders of Iraq.  link

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Three Zeros, One Currency: The Risks and Rewards of Iraq’s Dinar Reform

The issue of removing three zeros from the Iraqi dinar has intensified, prompting large numbers of people to purchase US dollars and sell their dinars. Experts warn that this trend could push the dollar exchange rate higher against the Iraqi dinar in the coming days. They also stress that the proposed currency reform could have both positive and negative consequences.

Removing Three Zeros Could Recover Eight Trillion Missing Dinars

The issue of reforming Iraq’s currency by removing three zeros from the dinar has recently become a major topic of discussion in economic, political and media circles. The issue gained further attention after Iraq’s Minister of Communications indicated that a decision had been taken to modify the currency, with the stated aim of recovering eight trillion dinars in missing state funds.

While removing zeros is technically an accounting and monetary reform measure, questions remain over the timing and underlying objectives of the proposal, particularly given Iraq’s current economic and political circumstances.

Potential Impact of Removing Three Zeros

From an economic perspective, removing three zeros could simplify everyday financial transactions, reduce the costs associated with printing and transporting banknotes, and help the Central Bank of Iraq reorganise the country’s monetary system.

However, Prof. Dr Ayub Anwar Smaqayi, a university professor and head of the Erbil Branch of the Kurdistan Economists Association, argues that the current discussion is largely a “tactic” aimed at recovering funds that have been hoarded or kept outside the banking system.

He notes that widespread corruption and the accumulation of cash outside official channels have contributed to liquidity shortages, with the government facing serious difficulties in meeting salary payments for several months. Given these circumstances, he warns that altering the currency while the economy remains unstable could create additional problems.

How Would the Process Work?

The proposed removal of three zeros would first have to be approved by the Iraqi Council of Ministers. If endorsed, the proposal would then be referred to the Iraqi parliament’s Finance Committee for a first reading before being submitted to the parliamentary presidency. It would subsequently proceed to a second reading and a final vote by MPs.

Srwa Mohammed, a member of the Iraqi parliament representing the Patriotic Union of Kurdistan (PUK) bloc, says Iraq is facing a difficult economic situation and that the government is exploring various measures to increase revenues and combat corruption.

She explains that the Ministry of Finance, in coordination with the relevant authorities, would need to submit a draft law to parliament for approval. She adds that one potential benefit of the reform would be strengthening the Iraqi currency and exposing individuals who have concealed large sums of money, as they would be required to disclose the source of their funds when exchanging the old currency for the new one.

Risks and Challenges

Experts warn that, despite its potential benefits, implementing such a reform during a period of economic and political instability could create significant risks, including:

• Dollar reserves: The Central Bank would need adequate foreign currency reserves to maintain exchange-rate stability against the US dollar following the introduction of the new currency.

• Unfavourable conditions: Iraq’s ongoing financial and political challenges could prevent the reform from achieving its intended objectives and could instead contribute to further economic instability.

Removing three zeros from the Iraqi dinar could offer several technical and economic advantages, but carrying out such a reform under Iraq’s current circumstances would require comprehensive studies, careful planning and a stable financial environment.

Without sufficient preparation and research, the reform could deepen existing economic difficulties and fail to deliver its anticipated benefits.

The debate comes as reports about the possible removal of the three zeros have prompted many people to buy US dollars and sell their dinars. Experts warn that increased demand for the dollar could push its value higher against the Iraqi dinar, placing further pressure on the national currency.  link

Iraq Finance Committee Recommends Postponing Dinar Redenomination Vote 

At a Glance

The Iraqi Finance Committee officially advises delaying the vote on removing zeros from the dinar.

Replacing banknotes without deleting zeros remains under the independent authority of the Central Bank.

Redenomination requires brand-new laws to amend civil, commercial, and penal codes across Iraq.

According to an official legal memorandum obtained by Channel8 from lawmaker Dilan Ghafoor, the Parliamentary Finance Committee has formally recommended postponing the vote on the dinar redenomination draft law. 

Key Statement and Focus Area

The memorandum notes that "the process of only changing the Iraqi currency, without removing the zeros, falls strictly within the scope, duties, and responsibilities of the Central Bank of Iraq."

The proposed delay in the redenomination draft law aims to identify the most significant challenges and obstacles in implementing any changes that may occur to the currency.

The memorandum, written by Committee Chairman Uday Awad Kadhim, was dispatched to the Office of the Council of Ministers following an emergency Sunday meeting between Finance Committee members and Central Bank officials, during which they discussed strengthening monetary policy, financing the budget deficit, and implementing reforms to resolve the ongoing financial crisis. 

Kadhim clarified that the Central Bank of Iraq will proceed with replacing banknotes without removing zeros during the coming period, a mandate granted under Article 36 of the amended Law No. 56 of 2004.

The memorandum stresses that changing the currency with the removal of zeros from the value of the Iraqi currency requires the enactment of a law drafted by the Prime Minister's office and sent to the Council of Representatives for legislation. 

The document highlights that executing a currency redenomination necessitates comprehensive legal amendments to civil, commercial, and penal codes, along with revisions to active investment contract valuations.

Furthermore, the legislative process requires updating anti-money laundering and institutional integrity laws while clearly defining implementation timelines. 

These statutory adjustments are mandatory to safely preserve the rights and financial obligations of both public and private sector creditors.

"Accordingly and based on the above, the Finance Committee recommends postponing the vote on the draft law (changing the currency and removing zeros) until extensive discussions are held among the following entities (Finance Committee, Council of Ministers, Central Bank of Iraq, Ministry of Finance, Ministry of Planning), to identify the most significant challenges and obstacles in implementing any changes that may occur to the currency," the document concluded.

FYI

The long-shelved currency redenomination debate abruptly returned to the forefront of Iraqi politics due to unexpected public announcements and a deepening domestic budget squeeze.

Yesterday, the Iraqi Parliamentary Finance Committee hosted Central Bank officials on Sunday to evaluate monetary frameworks, optimize deficit-financing strategies, and address pressing issues like public sector payroll delays and inflation metrics. 

Tishwash:  The parliamentary finance committee hosts the director general of "SOMO" to discuss oil exports and securing petroleum products.

The Parliamentary Finance Committee hosted, on Monday, the Director General of the State Oil Marketing Company (SOMO), Ali Nizar, to discuss mechanisms for exporting crude oil and finding alternative outlets, as well as securing the needs of the local market for oil derivatives.

The committee stated that "the meeting was held under the chairmanship of MP Uday Awad and in the presence of a number of committee members, and discussed ways to export crude oil in light of the conditions witnessed in the region."

She added that "the meeting discussed mechanisms for exporting oil through available outlets, and the procedures adopted by SOMO to find alternative routes and outlets that ensure the continuity of oil exports."

According to the statement, the Director General of SOMO provided an explanation regarding the quantities of oil exported during the months of July and August through various Iraqi outlets, in addition to the crude oil selling prices in global markets.

He also reviewed the most prominent obstacles facing the oil export sector and the efforts made to deal with them, as well as the procedures for securing the needs of the local market for gasoline and gas oil throughout Iraq.  link

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Tishwash:  PepsiCo is heading to Iraq to expand its production in the Middle East.

The British website "Food Navigator" stated that Iraq's role as a regional manufacturing hub for "PepsiCo" is increasing, as despite the ongoing turmoil in the Middle East, the company is doubling down on expanding its regional production.

The British website specializing in food affairs explained in a report translated by Shafaq News Agency that despite the dominance of war news in Iran throughout 2026, with no end to the conflict in sight, life and business continue as normal in other parts of the region.

The website cited Iraq as an example in its report, describing it as a long-standing center of conflict-related news throughout the first decade of the 21st century, and that despite its proximity to the center of the war in Iran, the country is emerging as a potential new manufacturing hub, attracting attention even from major brands like PepsiCo.  

The report highlighted Iraq’s clear advantages, such as its geography, large youth population, and high access to locally produced food components, according to the FAO, including many staple crops, as well as dates, fruits, tomatoes, potatoes, and animal protein.

The report quoted the company's CEO for the Middle East, North Africa and Pakistan, Ahmed Al-Sheikh, as saying during the recent US-Iraq Business Summit, "As one of the historical agricultural centers in the region, we want to support Iraq's agricultural and industrial capabilities to become a center for food exports."

The sheikh continued, according to the report, that there is an opportunity "to explore the possibility of developing the food manufacturing sector in Iraq and strengthening the agricultural sector in the country, with the start of strong food manufacturing," adding, "We hope to create opportunities that benefit farmers and local industry while supporting products proudly made in Iraq."

According to the British report, this is not the company’s only project in Iraq this year, as the company also signed a memorandum of understanding with Baghdad Soft Drinks Company (BSDC) with the aim of boosting local production capacity to exceed 250 million products annually.

The report noted that PepsiCo relies on a partnership that has existed since 1984. The report quoted a company statement saying that "this memorandum of understanding reflects PepsiCo's confidence in Iraq's industrial future and supports local employment and manufacturing."

The report quoted Mohammed Shalabiya, CEO of Middle East and Africa Beverages, as saying that the company considers Iraq a key player in beverage manufacturing in the region, explaining that the shared ambition includes exploring potential opportunities related to expanding manufacturing capacity and enhancing Iraq's role as a leading beverage production hub in the Middle East.

However, the report highlighted several challenges facing Iraq with regard to manufacturing, including cold storage facilities, stable electricity supplies, as well as transportation logistics and timing.  link

Iraq Economic News and Points To Ponder Monday Evening 8-24-26

Basra Oil Service Firms Threaten To Halt Work Over Currency Losses

2026-08-24 Shafaq News- Basra    Private companies working in Basra's oil sector threatened on Monday to suspend operations and lay off more workers, protesting that payments on their dollar-denominated contracts are being settled in Iraqi dinars at the official exchange rate.

During a demonstration they organized in the southern province, Aziz al-Khalidi, a representative of the companies, told Shafaq News that the firms carry out work for Iraq's licensing rounds, the contracts under which international companies develop the country's oil fields, under agreements signed in dollars.

Their payments are transferred in foreign currency to the state-owned Trade Bank of Iraq and to private banks, he said, but are received in dinars at the official rate of 131,000 dinars per 100 dollars.

The companies are then forced to buy dollars on the open market to meet their obligations, where 100 dollars costs around 155,000 dinars, Al-Khalidi said. “We lose more than 20 percent. The loss is roughly equivalent to the profit margin contractors typically expect in the sector.”

Al-Khalidi said the central bank had earlier granted the companies two exemptions worth 70 million dollars each, for a total of 140 million dollars, but the arrangement ran for one or two months before it was canceled.

The firms later received an allocation of 30 million dollars to cover their domestic and international transfers and obligations, he said, though disbursement stopped before the central bank's new management allowed it to continue for one month only.

Most of the companies have cut their workforces on oil-sector projects by as much as 80 percent because they cannot absorb the currency losses, al-Khalidi said. He warned that work on the licensing rounds could stop and more workers could be laid off unless a mechanism is put in place to guarantee the firms are paid in dollars.

Read more: New pricing rules trigger Iraqi oil demonstrations

https://www.shafaq.com/en/Economy/Basra-oil-service-firms-threaten-to-halt-work-over-currency-losses

Foreign Reserves Drop 11.6% In H1 2026

2026-08-24 Shafaq News- Baghdad   Iraq’s foreign reserves fell by $11.257 billion, or 11.6%, in the first half of 2026, reaching $86.175 billion at the end of June from $97.432 billion at the end of 2025, the Central Bank of Iraq (CBI) said on Monday.

The reserves initially rose to $101.082 billion in January and $102.131 billion in February before declining to $100.341 billion in March, $97.809 billion in April, $93.673 billion in May, and $86.175 billion in June.

Over the first half of the year, investments within the reserves fell 12.1%, from 93.266 trillion dinars ($71.195 billion) at the end of 2025 to 81.998 trillion dinars ($62.594 billion) in June. Cash held in the CBI’s vaults dropped 67.8% over the same period, from 1.907 trillion dinars ($1.456 billion) to 614 billion dinars ($468.7 million).

On a monthly basis, investments declined by 6.116 trillion dinars ($4.669 billion) in June, while gold holdings fell by about 3.88 trillion dinars ($2.962 billion). Cash, however, rose from 366 billion dinars ($279.4 million) in May to 614 billion dinars ($468.7 million) in June.

https://www.shafaq.com/en/Economy/Foreign-reserves-drop-11-6-in-H1-2026

North Gas Responds To Concerns Over Iraq Oil Reforms

2026-08-24 Shafaq News- Kirkuk   Measures affecting Iraq’s oil sector should take into account operational requirements and their impact on production, and they are part of a time-limited trial that will be evaluated once it ends, North Gas Company said on Monday.

The company said the Oil Ministry had assured that workers’ rights and entitlements, as well as funding for maintenance and production, would not be affected. “The ministry considers these needs a priority for maintaining the efficiency of facilities and keeping production running.”

The statement followed reports of government plans to introduce reforms in the oil sector, including changes to some administrative and financial arrangements.

https://www.shafaq.com/en/Economy/North-Gas-responds-to-concerns-over-Iraq-oil-reforms

Iraqis Buy 691 Properties In Turkiye In Seven Months

2026-08-24 Shafaq News- Ankara   Iraqis purchased 691 properties in Turkiye during the first seven months of 2026, including 663 homes and 28 commercial properties, while overall foreign home sales fell 7.3%, Turkish Statistical Institute (TURKSTAT) data showed.

Iraqi home purchases climbed 47% in July to 144 from 98 in June, placing Iraq fourth among foreign buyers, behind Russia with 394 purchases, Iran with 189, and Ukraine with 145. Commercial purchases also rose to eight from four.

Across January through July, Iraqi buyers purchased 663 homes, nearly unchanged from 665 in the same period of 2025. Monthly purchases stood at 106 in January, 74 in February, 80 in March, 66 in April, 95 in May, 98 in June, and 144 in July.

Foreign nationals bought 11,203 homes in Turkiye during the seven-month period, down 7.3% year on year, although July sales rose 1.9% to 2,120.

https://www.shafaq.com/en/Economy/Iraqis-buy-691-properties-in-Turkiye-in-seven-months

The Whole World Is Stockpiling Like It's 1939

 The Whole World Is Stockpiling Like It's 1939

Notes From the Field ByJames Hickman (Simon Black / Sovereign Man August 24, 2026

On June 7, 1939, US President Franklin Roosevelt signed a new law authorizing $100 million (a lot of money back then) to buy rubber, tin, tungsten, etc., and put it all in storage.

The United States was still at peace at the time. World War II had not yet broken out, and global trade was still relatively seamless.

But anyone reading a newspaper could see what was coming. Hitler had annexed Austria the year before and swallowed the rest of Czechoslovakia that March. Japan had been at war in China for two years.

Every commodity on Roosevelt’s list had one thing in common: America produced next to none of it. Nearly all of the rubber used by US companies, for example, came from British Malaya and the Dutch East Indies. A lot of tin came from Malaya as well.

Congress and Roosevelt were being appropriately cautious. And within a short time they had stockpiled hundreds of thousands of tons of these strategic assets.

Then came the War. Then Pearl Harbor. And then full-blown economic chaos.

By March 1942, for example, Japanese troops had overrun Malaya and the Dutch East Indies... meaning that about 90% of America's rubber supply vanished overnight. Fortunately, their foresight to build stockpiles cushioned the blow.

This critical lesson in self-sufficiency is easily forgotten. As long as global peace and cooperation feel permanent, governments never think about resource scarcity. They assume they will always be able to trade for what they need... so why waste money stockpiling?

But global peace and cooperation can quickly turn to conflict and tension, and that is the environment we are in today.

The last major global conflict was World War II. Before it was over, 730 delegates from 44 nations literally sat down at a conference and hammered out a new framework for economic cooperation that made the US dollar the world’s undisputed reserve currency.

As a result, every country on earth has parked its savings in US government bonds for the past eight decades.

It hasn’t always been easy. The US formally ended the convertibility between the dollar and gold in the 1970s, and there was some thought to creating a new financial system. But the dollar managed to survive as king.

The dollar’s status has also been at risk throughout this century, between the skyrocketing US national debt and heavy-handed legislation (like FATCA) that the US government forced on the rest of the world.

But, still, the dollar survived. And foreign countries kept buying dollars and Treasury bonds.

But everyone has a breaking point, including foreign countries.

The US government’s response to freeze Russian assets in 2022 was the start. Then came last year’s so-called “Liberation Day”, when decades of trade policy were upended, overnight. Then came the Iran war. And now a $40 trillion national debt with no end in sight.

This has all been enough for foreign governments and central banks to finally reverse course; at first they slowed their purchases of US Treasury bonds. Now they’re actually selling... and diversifying away from the dollar.

The immediate beneficiary has been gold. And we’ve written about this— gold is the most logical asset for central bank diversification because it is already a traditional reserve asset... plus the gold market is very large and liquid.

We believe this trend will continue; gold prices will rise as a result, and quality mining companies should prosper.

But there’s a second element to this diversification story.

After Iran closed the Strait of Hormuz— which carried a fifth of the world's oil and a host of other critical resources— every government on the planet re-learned the same lesson of World War II: trade and cooperation can vanish in an instant.

And now the entire globe feels a sense of urgency to prepare for the next conflict.

Will China invade Taiwan? Will the US and China go to war? Will Russia and NATO come to blows? Nobody knows, and no government wants to be caught flat-footed, unable to import the critical resources that their economies need to function.

In Roosevelt’s era it was things like rubber and tin.

Today, these critical resources (what we refer to as ‘real assets’) start with energy— oil, natural gas, even coal... plus uranium for some countries.

Now, not every commodity is a real asset. Sugar is a commodity... but the world would be just fine without it. No government is going to stockpile orange juice, lumber, or wool. Or even rubber anymore.

But cut off a country's oil supply and it reverts to the Dark Ages.

That’s why countries are now stockpiling the strategic assets that are the vital inputs to their economies: copper, rare earths, and even the IP and hardware that power AI.

China is the clearest example. In 2025 alone it added more than a million barrels a day to an oil stockpile and now holds roughly 1.4 billion barrels— the world's largest reserve.

When Hormuz closed and the US and 31 other countries released 400 million barrels from their emergency reserves, China barely touched its pile and by July was adding to it again.

Its nuclear-fuel imports hit a record last year too, far beyond what its reactors burn; the excess went into stockpiles. And this summer Beijing put a new $9 billion state company in charge of buying mines around the world.

Saudi Arabia, on the other hand, produces plenty of oil, so they don’t need to stockpile it. But they are building nearly two gigawatts of data centers at home rather than risk being cut off from computing power.

A government that sells a Treasury still has to put the money somewhere, and the sensible places are the assets that the US government cannot freeze... and that no central bank can print. That is why the long-term direction of gold is still up.

But it’s also why energy, industrial metals, productive technology, and other vital resources— plus the companies which produce them— have a bright future.

This is the thesis behind Schiff Sovereign's investment research newsletter, Strategic Assets. A world that no longer trusts the US government moves into gold, and a world that can no longer count on trade cooperation secures its own stockpiles.

We provide research on companies that mine, pump, and build what governments are stockpiling.

Subscribers who acted on our research locked in more than 10x on a small silver producer and more than 6x on a gold and silver producer, both in under a year.

A tin producer featured last summer is up more than 3x, a zinc producer more than 2.5x, and a tanker company about 2.5x. Across the companies we have closed out, winners and losers together, the average return is 172%.

To your freedom,   James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/investing/the-whole-world-is-stockpiling-like-its-1939-155699/?inf_contact_key=806f566494bd903d1681629c51858af01f4656d5a280bd26233b3d1e6f4a07a6

Washington Supports the Dinar Plan ?

Sunday Update - Washington Supports the Dinar Plan ?

The Dinar Den:  8-23-2026

The discussion surrounding international currency markets and potential revaluations often brings significant interest from long-term observers. Among these topics, the economic restructuring of Iraq and the potential revaluation (RV) of the Iraqi Dinar stand out.

In a recent analysis shared by Stephen, host of The Dinar Den and an experienced observer of Iraqi financial trends since 2011, key updates were highlighted regarding where Iraq stands in its journey toward comprehensive monetary reform.

While Stephen clearly notes that his insights reflect personal commentary rather than direct financial advice, his long-term perspective—spanning over 15 years, with accelerated momentum over the past six months—provides a detailed framework for understanding the complex mechanisms driving Iraq’s financial ecosystem.

A central theme in recent economic discourse is the debate between simple redenomination and true currency revaluation.

A common narrative suggests that the Iraqi government might simply “delete the zeros” from its currency notes. However, financial mechanics dictate that removing zeros from banknotes without adjusting the underlying currency rate or pegging it effectively to a strong anchor, such as the US dollar, does not inherently create added purchasing power.

For a currency adjustment to deliver meaningful economic value, a redenomination must coincide with an actual revaluation or structural “reinstatement.”

This process requires the local currency to gain tangible purchasing power in international trade. Simply changing the numerical presentation on paper is cosmetic; true financial reform requires real economic backing, expanded foreign reserves, and stabilized exchange mechanisms.

Understanding Iraq’s monetary trajectory also requires analyzing regional politics and foreign policy influences. Stephen references insights from Mazin Al-Eshaiker, a prominent Iraqi economic commentator affiliated with the Prime Minister’s office. Al-Eshaiker has suggested that policy discussions in Washington lean toward supporting zero-deletion initiatives as a strategy to maintain dollar stability and trade dominance in the region.

While this perspective represents commentary rather than an official statement from the United States government, it underscores the visible impact of international economic relations on Iraq’s domestic choices. The interplay between Iraqi fiscal decisions and broader international financial systems highlights why monetary changes take time and require diplomatic alignment.

To evaluate when monetary reform might realistically occur, Stephen highlights a strategic four-step sequence originally outlined in consultation with David from Reset Intelligence. This roadmap stresses that currency reform is not an isolated event, but rather the final piece of a much larger stability puzzle:

National Security Consolidation: Establishing full government control over sovereign borders and internal security to foster a safe environment for foreign investment.

Completion of the Government Cabinet: Fully keying in essential administrative positions, specifically within the Ministry of Defense and the Ministry of Interior, to ensure operational continuity.

Legal and Fiscal Infrastructure: Finalizing national budgets, passing the long-awaited Hydrocarbon Law (HCL), and establishing clear international oil-sharing agreements.

Implementation of Currency Reforms: Executing structural monetary changes only after political, legal, and security foundations are firmly operational.

This sequence reinforces a fundamental economic principle: institutional stability and legal frameworks must always precede major adjustments to national currency value.

Despite the operational delays historically seen in the region, several positive trends have recently emerged. Improved regional cooperation has facilitated the continued movement of Iraqi oil exports through key trade corridors like the Strait of Hormuz, boosting national oil revenues. Concurrently, administrative cooperation between the central government in Baghdad and the Kurdistan Regional Government regarding the HCL signals structural legislative progress.

Furthermore, ongoing anti-corruption initiatives led by the current Prime Minister—supported by international governance oversight—are working to institutionalize fiscal transparency.

While these milestones foster cautious optimism for developments within 2024, experienced market observers advise against listening to unverified speculative claims regarding specific “insider dates.” Structural financial transitions rely on verifiable legislation and institutional execution, not arbitrary calendar marks.

The evolving economic landscape in Iraq represents a compelling study in post-conflict financial reconstruction. For those following the journey of the Iraqi Dinar, maintaining expectations grounded in tangible policy shifts, verified legislation, and official banking updates remains essential.

As Iraq continues to check off foundational requirements—from security stability to energy legislation—the potential for meaningful financial modernizations grows stronger.

https://www.youtube.com/watch?v=iAOSRR1zcDI

Rob Cunningham: Federal Reserve Bypass Operation in Effect

Rob Cunningham: Federal Reserve Bypass Operation in Effect

FEDERAL RESERVE BYPASS OPERATION IN EFFECT

Something profound just happened to the architecture of money.

The GENIUS Act is now law.

It creates a legal framework for 1:1 reserve-backed payment stablecoins and expressly directs regulators to promote interoperability with the broader digital-finance ecosystem—including public and permissioned blockchains.

Think about what this means.

For more than a century, moving dollars at institutional scale meant moving through an architecture dominated by banks, correspondent accounts and ultimately Federal Reserve settlement infrastructure.

Stablecoins separate the dollar from the rail carrying the dollar.

A compliant digital dollar can potentially move:

Person → Person
Business → Business
Bank → Bank
Machine → Machine
Nation → Nation

24/7/365.

The Federal Reserve itself now acknowledges that stablecoins are becoming potential competitors to traditional transaction accounts in payments, settlement and transactional stores of value.

And look at what the Fed is doing simultaneously:

It has proposed a new special-purpose Payment Account whose holders would receive NO interest on balances and have NO discount-window access.

Read that again.

The emerging architecture increasingly separates three things we were trained to think were inseparable:

THE MONEY.
THE ISSUER.
THE PAYMENT RAIL.

GENIUS doesn’t abolish the Federal Reserve.

It does something potentially FAR MORE consequential:

It makes Federal Reserve payment infrastructure less indispensable to the movement of dollar-denominated value.

And underneath qualifying stablecoins?

Real reserves.

Cash.
Treasuries.
Highly liquid collateral.

The dollar doesn’t disappear.

The dollar becomes programmable, portable and potentially interoperable at internet scale.

That changes the question from:

“Who controls the payment network?”
to:
“Whose value is being represented, under whose law, and by whose consent?”

That is where monetary sovereignty gets interesting.

A republic ultimately accountable to its people requires transparent rules, honest representation of value and institutions that serve the monetary system – not a monetary system permanently captive to any institution.

THE DOLLAR IS BECOMING SEPARABLE FROM THE RAIL.

THE RAIL IS BECOMING INTEROPERABLE.

THE NETWORK IS BECOMING 24/7.

FEDERAL RESERVE BYPASS OPERATION IN EFFECT.

Source(s):
• https://x.com/KuwlShow/status/2091497915738951690

https://dinarchronicles.com/2026/08/24/rob-cunningham-federal-reserve-bypass-operation-in-effect/