FRANK26…..10-16-25…….NO FLOAT

KTFA

Thursday Night Video

FRANK26…..10-16-25…….NO FLOAT

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=MST_77mVVCI

What If Gold Crashes To $3,000 Per Ounce?

What If Gold Crashes To $3,000 Per Ounce?

Notes From the Field by James Hickman (Simon Black)  October 16, 2025

A little over a month ago, in early September, after careful analysis and detailed study, my team and I reached an important conclusion. And we started telling our audience almost immediately.

Gold had just crossed $3,500 per ounce, silver had just crossed $40, and many gold and silver mining companies had experienced astonishing gains.

 Of course none of this came as a surprise to our readers. We’ve been saying for the past few years that gold in particular was going to go much higher, specifically because foreign governments and central banks were buying up gold by the metric ton as a way to diversify their strategic reserves away from the US dollar.

 That extra demand from central banks totaling a few hundred billion dollars sent gold prices rocketing higher. And we also said this trend would continue.

 Similarly over the past couple of years, as we were predicting higher gold and silver prices, we also predicted that mining companies would benefit, and generate record revenues and record profits as a result.

At the time those mining companies had been left for dead in financial markets, with share prices so cheap they were practically being given away.

We told our audience over and over again in print and in our podcasts that this wouldn’t last, and that mining companies would surge in value.

And that’s exactly what happened. In fact, many of the companies we featured in our premium investment research are up 3x, 4x, 5x, even 6x this year alone.

 But early last month we realized there was another near term catalyst that would likely send these companies’ share prices even higher. These businesses are all publicly traded, and so they have to report their earnings, usually every quarter.

 Q1 earnings were great. Q2 earnings were fantastic. But we realized that gold and silver had been rising so quickly, that Q3 earnings—which would be reported sometime in October—would just be out of this world.

We did the math and crunched the numbers ourselves, and based on our analysis, even companies that had risen 4 or 5x were still undervalued based on projected Q3 earnings.

And we anticipated that for many of these companies, their share prices would jump after their Q3 earnings were announced.

 The first of those companies reported its earnings earlier this week, and we were absolutely right. Its record profit dazzled investors, and its share price jumped nearly 20% in a day.

It’s also up almost 52% since we made this prediction a month ago.

 We’ve also done the math to see what would happen to these businesses if there were a sudden drop in precious metals prices.

 Well, to give you an example one of the companies we featured in our investment research, which is up more than 5x, would still be incredibly undervalued.

Based on our analysis, even if gold were to drop below $3,000—roughly 30% from here—that company would still be making money hand over fist, and based on its current share price, still trading at around 5.5x earnings.

Oh, and did I mention they pay a substantial dividend?

It’s not that every mining company is in the same boat. There are thousands of companies out there, and many are just terrible businesses with pitiful management and terrible balance sheets.

 But if you’re willing to do the hard work and find the highest quality management, and the most pristine balance sheets, there are still undervalued gems out there.

 This is what we focus on in our premium investment research.

 And we believe that many of them could see similar upside over the next few weeks as they report bonanza Q3 earnings.

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

https://www.schiffsovereign.com/trends/what-if-gold-crashes-to-3000-per-ounce-153717/?inf_contact_key=e73c6360b05b8aa64ae174142d3d925745f52772a67910d275469a1ff0808c0a

Seeds of Wisdom RV and Economics Updates Thursday Evening 10-16-25

Good Evening Dinar Recaps,

Dollar Sinks as Fed Signals Rate Cuts Amid Renewed Trade Tensions

Markets brace for potential easing and escalating U.S.-China economic rivalry.

Fed Signals Possible Rate Cuts

The U.S. dollar has weakened as investors anticipate a potential Federal Reserve rate cut at the October 28–29 meeting.

 ● Fed Chair Jerome Powell indicated that the central bank remains open to easing policy in response to sluggish labor conditions and muted inflation.
  ● Markets are now pricing in a 25-basis-point cut this month, another in December, and possibly additional reductions in 2026.
  ● The dollar has remained soft against traditional safe-haven currencies, including the yen and Swiss franc, while the euro strengthened slightly.

Trade Tensions Add Pressure

Simultaneously, U.S.-China trade tensions have re-escalated, with both countries imposing port fees on shipping firms.

  ● President Trump has suggested further trade decoupling, including potential restrictions on oil imports from China.
  ● Analysts warn that the escalating dispute adds risk to global markets, already sensitive to geopolitical uncertainty.
  ● The combination of monetary policy shifts and trade friction is driving currency market volatility.

Market and Analyst Responses

  ● Federal Reserve: Powell emphasized that the Fed can continue assessing economic conditions despite missing data from the ongoing government shutdown.
  ● Currency Traders: Investors are positioning for further dollar weakness, particularly versus the yen and euro.
  ● Analysts: Joseph Capurso of Commonwealth Bank of Australia warned that tensions could escalate further, posing risks to risk-sensitive currencies like the Australian dollar.
  ● Global Currencies: The Australian dollar rose slightly after hitting a three-week low, while the New Zealand dollar extended losses to a six-month low.

Why This Matters

  • Anticipated rate cuts signal a potential shift toward U.S. monetary easing, affecting interest rates, yields, and investor strategies globally.
  • Dollar weakness could stimulate U.S. exports but may also pressure savings and fixed-income returns.
  • Escalating U.S.-China trade disputes, now extending to port fees, highlight systemic risks in global supply chains and reinforce the interconnectedness of economic policy and geopolitical dynamics.
  • Combined, these factors could increase volatility in currency markets and influence central bank decisions worldwide.

This is not just politics — it’s global finance restructuring before our eyes.

🌱 Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy – “Dollar Sinks as Fed Signals Rate Cuts, Trade War Flares Anew”

• Yahoo Finance -- Dollar falls against yen and euro with trade dispute, rate outlook in focus

• WSJ -- Treasurys Steady Amid End-of-QT Talk

~~~~~~~~

When Washington Goes Dark, the World Loses Sight

U.S. shutdown halts key economic data, raising global policy risks.

Global Impact of U.S. Data Freeze

The ongoing U.S. government shutdown has interrupted the release of critical economic indicators—from jobs reports to inflation metrics—creating a growing “data darkness” that complicates decision-making for central banks and policymakers worldwide.

  ● The U.S. represents nearly one-fourth of global output, making its data essential for shaping monetary, trade, and currency decisions in other economies.
  ● The shutdown coincides with IMF and World Bank meetings in Washington, highlighting the potential for global economic coordination challenges.
  ● Policymakers from Tokyo to London have warned that the lack of U.S. data may distort interest rate and currency policy decisions.

Concerns from Global Central Banks

Officials have expressed concern over the accuracy and reliability of financial decisions in the absence of U.S. economic data.

  ● Bank of Japan Governor Kazuo Ueda: “It’s a serious problem… the lack of U.S. indicators complicates decisions on Japan’s next rate move.”
  ● Bank of England economist Catherine Mann compared the potential erosion of trust in U.S. institutions to “termites” undermining the British pound’s global standing.
  ● Central banks are relying on private-sector and anecdotal data, which serve as imperfect substitutes for official reports.

Broader Financial and Policy Implications

  ● The shutdown raises the risk of policy errors as central banks may tighten or ease monetary measures based on incomplete information.
  ● The IMF’s World Economic Outlook warns that political pressure on statistical agencies could erode public confidence and complicate central bank operations.
  ● Economists, including Adam Posen of the Peterson Institute, note that governance challenges may affect dollar stability and reserve management.
  ● Private-sector surveys and alternative data sources provide temporary relief but cannot fully substitute for official U.S. reporting.

What’s Next

The shutdown could end if Congress reaches a deal, but credibility damage may persist.

  ● Even temporary data disruptions create information asymmetry, reducing coordination in the global economy.
  ● Extended shutdowns could increase volatility in currency markets, challenge central bank independence, and prompt reevaluation of U.S. economic governance.
  ● Analysts suggest that policymakers globally must adjust for uncertainty and monitor U.S. developments closely.

Why This Matters

  • The shutdown highlights how political gridlock in the U.S. directly affects global economic stability.
  • Delays in critical economic data can lead to misjudged monetary and fiscal policies abroad, affecting currencies, interest rates, and trade flows.
  • The episode underscores the interconnectedness of U.S. economic governance and global financial decision-making, demonstrating the need for resilient data infrastructure.

This is not just politics — it’s global finance restructuring before our eyes.

🌱 Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy – “When Washington Goes Dark, the World Loses Sight”

• Reuters – U.S. Shutdown and Economic Data Coverage

• IMF World Economic Outlook, October 2025

~~~~~~~~~                                                                                                                                                 

Ripple CEO Calls for Equal Regulatory Treatment of Crypto and Traditional Banks

Garlinghouse emphasizes parity for crypto companies as Ripple seeks a national bank charter.

Advocating for Regulatory Parity

Ripple CEO Brad Garlinghouse urged that crypto companies should be held to the same standards as traditional banks, highlighting perceived inconsistencies in U.S. financial regulation.

Speaking at DC Fintech Week, Garlinghouse said that crypto firms following laws on AML, KYC, and OFAC compliance should receive the same operational benefits, including access to Fed master accounts.

  ● He noted that regulatory approaches are unlikely to change significantly under the potential departure of SEC Chair Paul Atkins or continued leadership under the Trump administration.
  ● Garlinghouse emphasized that equal treatment fosters stability and encourages clear compliance pathways for digital assets.
  ● The comments were aimed at aligning crypto regulation with traditional financial institutions, reducing disparities in market access.

Ripple and the National Bank Charter

Ripple has applied for a national bank charter, joining other digital asset companies like Circle in seeking regulatory approval to operate under bank-like authority.

  ● Coinbase is pursuing a National Trust Company Charter for similar purposes.
  ● Some U.S. banking groups have lobbied the Office of the Comptroller of the Currency (OCC) to delay decisions, citing policy and procedural concerns.
  ● Despite objections, the OCC recently approved a charter for Erebor, a financial services company backed by billionaire Peter Thiel, signaling potential pathways for crypto banking integration.

Regulatory and Industry Implications

If Ripple and similar companies gain Fed-equivalent operational access, it could reshape the interaction between traditional finance and crypto.

  ● Access to Fed master accounts would allow crypto firms to settle payments more efficiently and expand financial services.
  ● Regulatory clarity may encourage institutional adoption of digital assets and stablecoins.
  ● The developments highlight the continuing evolution of U.S. financial infrastructure to incorporate digital assets under structured compliance.

Why This Matters

  • Garlinghouse’s advocacy reflects a broader trend toward integration of digital assets into mainstream finance, reducing the gap between traditional and crypto markets.
  • Approval of bank charters for crypto firms could strengthen systemic stability, providing regulated pathways for digital payments and custody.
  • The evolving framework suggests that financial infrastructure may gradually accommodate digital asset-backed systems, potentially altering the role of central banking and payment settlement in the U.S.

This is not just politics — it’s global finance restructuring before our eyes.

🌱 Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• CoinTelegraph – “Brad Garlinghouse Calls for Parity Between TradFi and Crypto Companies”

• Office of the Comptroller of the Currency – National Bank Charter Approvals

~~~~~~~~~

U.S. Senator Advocates Turning Seized Bitcoin Into Strategic Reserve

Congressional action aims to integrate digital assets seized from crime into national economic strategy.

Record Bitcoin Seizure Signals Policy Shift

The U.S. government recently seized approximately 127,271 bitcoin—valued at over $14 billion—from the dismantled Prince Group, accused of operating forced-labor and cyber-fraud schemes in Cambodia.

Senator Cynthia Lummis (R-WY) praised the operation, noting its significance for both human rights and financial integrity.

  ● The seizure represents one of the largest in history, positioning the U.S. as a leader in responsible blockchain governance.
  ● Prosecutors charged Prince Group chairman Chen Zhi with wire fraud and money laundering linked to a large-scale “pig-butchering” crypto scam.
  ● Lummis emphasized that converting criminally obtained assets into a Strategic Bitcoin Reserve could provide long-term national value.

Legislative Implications

Lummis highlighted two pressing priorities for Congress:

  ● Passing digital asset market structure legislation to empower law enforcement against financial crimes while protecting innovation.
  ● Codifying how seized crypto is stored, returned to victims, and safeguarded for strategic purposes.

These steps aim to integrate cryptocurrency into national policy frameworks, ensuring oversight, transparency, and the potential repurposing of seized digital assets.

  ● Analysts suggest that strategic reserves could influence both domestic and international financial stability.
  ● The case underscores how blockchain assets can be both misused and harnessed for policy objectives.

Why This Matters

  • The operation demonstrates the U.S. government’s growing capacity to convert digital crime proceeds into economic tools, potentially creating new forms of state-held reserves.
  • Establishing a Strategic Bitcoin Reserve could influence future legislation and regulatory frameworks for digital assets.
  • The case highlights the tension between fast-moving digital asset innovation and the need for structured governance, illustrating how policy is adapting to emerging technologies.

This is not just politics — it’s global finance restructuring before our eyes.

🌱 Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Bitcoin.com – “US Senator Pushes Bitcoin Policy Turning Seized Crypto Into Strategic Reserve”

• U.S. Department of Justice – Chairman of Prince Group Indicted

~~~~~~~~

Trump Confirms U.S. Is in a Trade War with China

President Trump acknowledges active trade conflict as tariffs escalate and rare earth export restrictions intensify.

Tariffs as National Security Tool

When asked whether the U.S. is preparing for a sustained trade war with China, President Trump stated:
“Well, we’re in one now.”

Trump’s comment followed his announcement of a 100% tariff threat on all Chinese imports, a response to China tightening its export controls on rare earth minerals critical for semiconductor production.

  ● Trump framed the tariffs as essential for U.S. national defense.
  ● He explained that without tariffs, the U.S. would be “exposed as being nothing.”
  ● The announcement last Friday triggered a temporary cryptocurrency market decline, with Bitcoin dropping from ~$121,560 to below $103,000 before partially recovering.

Treasury Response and Geopolitical Context

U.S. Treasury Secretary Scott Bessent criticized China’s export restrictions:

“If some in the Chinese government want to slow down the global economy through disappointing actions and through economic coercion, the Chinese economy will be hurt the most — and make no mistake: this is China versus the world.”

  ● Bessent emphasized that the U.S. and its allies will resist economic coercion from Beijing.
  ● The remarks signal continued escalation in U.S.-China trade tensions.
  ● Analysts note these actions could influence global supply chains for technology, energy, and critical minerals.

Impact on U.S. Bitcoin Mining Industry

The tariffs have practical implications beyond trade balances, affecting the U.S. cryptocurrency mining sector.

  ● China-origin ASIC Bitcoin mining machines now face a 57.6% tariff, while machines from Indonesia, Malaysia, and Thailand incur 21.6% tariffs.
  ● Costs have increased significantly for U.S. miners purchasing equipment.
  ● Despite previous concerns, no major U.S. mining company has yet relocated operations overseas.
  ● Last year, U.S. Customs and Border Protection seized thousands of mining machines, citing illegal importation as radio frequency devices, compounding operational challenges.

Why This Matters

  • The trade war illustrates the intersection of national security and economic policy, demonstrating how tariffs can shape both domestic industry and international relations.
  • Restrictions on rare earth minerals highlight the geopolitical leverage of resource-dependent nations and the potential for global supply chain disruptions.
  • Market volatility in sectors such as cryptocurrency underscores the financial ripple effects of trade and policy decisions, even in specialized industries.
  • Ongoing U.S.-China tensions signal structural shifts in global trade frameworks, with potential implications for currency flows, digital assets, and industrial strategy.

This is not just politics — it’s global finance restructuring before our eyes.

🌱 Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• CoinTelegraph – “Trump Declares US Trade War With China”

• Yahoo Finance -- Trump tariffs live updates: Trump confirms US-China trade war as Bessent leaves door open to tariff pause extension

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Another Huge Bankruptcy Just Rocked Wall Street

Another Huge Bankruptcy Just Rocked Wall Street

George Gammon:  10-16-2025

Wall Street is abuzz with the recent, and rather dramatic, bankruptcy of First Brands, an auto parts manufacturer.

While seemingly a contained corporate failure, the event has sparked a crucial conversation: could this be the first domino to fall, signaling the onset of a credit crisis reminiscent of the devastating 2008 Global Financial Crisis (GFC)?

A recent deep dive into the situation, presented by George Gammon, breaks down the complexities into three essential steps, offering a stark look at the underlying mechanics and potential ramifications.

At the heart of the First Brands collapse lies the intricate and often opaque world of shadow banking, also known as private credit. This sector operates beyond the watchful eye of traditional regulatory frameworks, making it a breeding ground for both innovation and, as we’re seeing, significant risk.

The video highlights institutions like Jeffre as key players in this space, having lent heavily to First Brands. The fallout from First Brands’ bankruptcy has exposed just how fragile and ill-understood this private credit market truly is.

We’re talking about a staggering loss for First Brands, reportedly around $2 billion. The whispers of fraud and, more concerningly, rehypothecation of collateral, are particularly alarming.

This practice – using the same assets as security for multiple loans – dramatically amplifies systemic risk. When things go south, the interconnectedness of these deals can trigger a cascade of losses across the financial system.

The presenter aptly uses the analogy of “swimming naked” to describe the vulnerability of both borrowers and lenders in the private credit market. When economic conditions begin to deteriorate, these entities, often operating with thinly veiled collateral, are suddenly exposed to harsh realities.

The second step of the analysis delves into the gut-wrenching forensic details of the First Brands bankruptcy. The findings are, frankly, shocking.

 There are strong suggestions that First Brands may have never actually received $1.9 billion it supposedly borrowed. Adding to the disbelief, the company appears to have had zero funds in segregated accounts to pay its creditors.

Reports indicate that multiple lenders seemingly believed they had exclusive claims to the same collateral. This created a chaotic “borrowing merry-go-round,” a complex web of claims and counter-claims that went unnoticed until the bubble inevitably burst.

 This situation draws uncomfortable parallels to the 2008 subprime crisis, where complex financial instruments and layered risks obscured the true extent of credit exposure.

The ultimate question remains: does the First Brands bankruptcy herald the dawn of a new credit crisis? The “swimming naked” analogy is revisited here, but with a broader scope.

As economic deterioration accelerates, more and more risky players are exposed, leading to liquidity freezes and a tightening of credit conditions. The interconnected nature of the financial system means that the failure of one entity, especially one involved in complex shadow banking deals, can have far-reaching consequences.

If the current economic climate worsens, the presenter argues, we could indeed witness a cascade of bankruptcies and a severe credit crunch akin to the GFC.

However, if economic conditions remain stable or even improve, the crisis might be contained. The presenter’s “base case” suggests that government intervention is likely to delay the most severe outcomes, though this could inadvertently encourage further malinvestment and risk-taking down the line.

This unfolding situation underscores the importance of understanding the complexities of our financial system.

The First Brands bankruptcy serves as a stark reminder of the risks lurking in the less regulated corners of finance.

For those seeking to understand how to navigate potential financial bubbles and crises, George Gammon is hosting a free webinar on October 29th. He will be sharing contrarian investment strategies and offering a special promotion for an investment conference scheduled for 2026.

Watch the full video from George Gammon for a deeper understanding of these critical issues and to prepare yourself for what may lie ahead.

https://youtu.be/dGNl6a2xW34

GOLD Is Your Monetary Doomsday Clock | Egon von Greyerz

GOLD Is Your Monetary Doomsday Clock | Egon von Greyerz

Soar Financially: 10-16-2025

Gold is exploding past $4,000, silver near $50, but according to Egon von Greyerz, this is only the beginning.

 He says we’ve entered the final phase of the global monetary system, where currencies will be destroyed, interest rates will soar, and only gold and silver will preserve real wealth.

In this episode, we discuss the coming collapse, why fiat is already 99% dead, and why gold could still multiply from here.

https://www.youtube.com/watch?v=fPjbUmk6Ae8

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 10-16-25

Good Afternoon Dinar Recaps,

Tarnished Glory: BRICS and the Waning Aura of the U.S. Dollar

A Challenge to the Dollar’s Dominance

The U.S. dollar’s brand power — long seen as untouchable — is fading as the BRICS alliance reshapes the global financial landscape.

Currency strategist Marc Chandler acknowledged the shift bluntly:

“I’m not sure the dollar has lost its global standing. To me, the dollar’s brand has been tarnished.”

Developing nations are no longer accepting what they view as forced dependence on the dollar. Instead, they’re designing new systems to conduct trade in local currencies, gold, and regional instruments.

  ● BRICS members are expanding currency swap agreements to reduce exposure to the greenback.
  ● China and Russia now settle a growing share of energy trade in yuan and rubles.
  ● India and Brazil are testing digital settlement networks for regional trade.
  ● South Africa recently signed a gold-settlement framework with non-BRICS African partners.

Chandler noted that while many nations must still borrow or transact in U.S. dollars, they’re actively diversifying to lower their vulnerability to dollar fluctuations and U.S. sanctions.

From Monopoly to Multipolarity

The cracks in dollar dominance stem from mounting frustration with U.S. monetary power and foreign policy.

  ● Developing countries see dollar dependence as a tool of control, limiting their fiscal autonomy.
  ● Washington’s sanctions and interest rate cycles ripple across global markets, often hurting emerging economies first.
  ● In response, BRICS nations are crafting a parallel framework for trade, credit, and reserves.

This movement is not a sudden rebellion — it’s a methodical transition:
  ● New trade corridors bypass the SWIFT system through regional clearinghouses.
  ● Oil and commodities are increasingly priced in non-dollar currencies.
  ● Central banks are building gold and yuan reserves to anchor local markets.

The combined effect? The dollar is losing its psychological monopoly — not vanishing, but sharing space in a growing multi-currency world.

The Next Financial Epoch

The coming decade may see a fragmented global reserve structure, with multiple power centers instead of one.

  ● Regional trade blocs could issue digital tokens pegged to commodity baskets.
  ● AI-driven central banking systems may optimize cross-border settlements in real time.
  ● Sovereign digital currencies will erode the need for a single intermediary like the dollar.

One economist at the Bank for International Settlements summed up the shift succinctly:

“The dollar isn’t dying — it’s being redefined by a world that refuses to orbit one sun.”

Whether the United States adapts or resists, this restructuring will determine who writes the next chapter of global finance.

The Deeper Current

What’s unfolding isn’t just geopolitics — it’s a quiet rewriting of financial power:

  ● Nations are reclaiming control of their value systems.
  ● The architecture of trade, credit, and reserves is being rebuilt from the periphery inward.
  ● The global south is no longer a passive participant but an active designer of a new monetary order.

This moment marks the intersection of economics and evolution — where digital innovation, commodity security, and political independence converge.
It’s a shift from empire to ecosystem, from dominance to distributed power.

In short: This isn’t politics — it’s global finance restructuring before our eyes.
A quiet revolution declaring, “Out with the old, and in with the new.”

🌱 Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources & Further Reading

• Watcher.Guru – “BRICS Has Tarnished the US Dollar’s Brand Value, Admits Strategist”

• Reuters – “BRICS Seeks to Reduce Dollar Reliance with Local Currency Trade”

• Bloomberg – “Global South Accelerates Move Away from Dollar”

• Financial Times – “BRICS Currency Ambitions Challenge US Financial Dominance”

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

28 People Who Know A Lottery Winner Share What Actually Happened To Them

28 People Who Know A Lottery Winner Share What Actually Happened To Them

Story by Edvinas Jovaišas

#1©Trevumm

My friends mom won like $100k or so when we were in grade 6. She was a single mom of 2 and they we’re pretty poor. She used it to give her kids a better, more comfortable life. It was little changes like the next winter they had new winter jackets and boots and stuff, not the worn old hand me downs they always had. My friends next birthday she got to have a big party for the whole class, nothing crazy just pizzas and stuff, but she’s never gotten to have that before and she was so happy.

#2©Earguy

I had a patient, a hairdresser who owned her own shop, who won about 6 million. Her winnings were announced in the local newspaper.

She consulted the right professionals, worked a plan to sell her salon, and mapped a way to retire on her winnings without a change in her lifestyle.

But she told me that she had old boyfriends, and even guys that barely knew her in high school, who called her with some variation of, "you know I always loved you..."  She just laughed and blew them off.

#3©Dvaone

I won $250k on a $5 scratch off 8 years ago.it was right before Christmas and i had been fired 2 weeks befor. After taxes we got a check for $167k and some change. Paid off all credit cards, bought the wife a brand new honda accord, bought a small business. Lived off it for the next several years while I grew my business and my wife got her masters. It was life changing!

#4©anon

Mom won a bit and was able to get my siblings and I new clothes and move out so she didn't have to stay in an abusive relationship.

#5©hornblower_83

Friend won 1 million. They paid off their house. Saved for their kids education and basically don’t live paycheque to paycheque anymore. Both of them still work full time.

#6©Kriskao

I won 1500 US dollars. Received like 950 because taxes. Donated it all to an orphanage in my home country because I was doing ok with money. Since then there have been times I needed the money but I don’t regret it.

#7©Mandalasan_612

My sister's ex won around $150 million. Nicest guy, his brother manages the money so he doesn't blow it. Living his best life, money never changed him, because he was already so chill. Dude deserves it after putting up with my sister. Helped out my niece (not his daughter) with

#8©Punkrockid19

My dad

He hit 5 outta 6 numbers in 1989 won like 16 grand. Payed off the family debts spent the rest on a computer and started his own business out of our dining room. Bout to sell it for a couple million this year. One ticket literally changed our lives.

#9©Burnsie312

I won 2000 on a scratch off once! Fixed my missing tooth lol.

#10©CaseyBoogies

My MIL won 33k on a scratch-off, she paid off some debt and got new windows installed on her house. The new windows in an 1890s farmhouse are amazing, don't think I've seen a happier woman!

#11©Kahazzarran

My neighbor won the lottery in his sixties, it was something like 1.2 million in the late 90s. We lived in a trailer park in a rural part of the US, a pretty low cost of living area so the money stretched pretty far.He bought his trailer and land outright with the money and pretty much just spent everyday drinking on his porch and yelling at his goats. IIRC he used a good chunk of what he won to put his son and grandkids through college. Died of liver failure at like 85 or something. Not a terrible way to do it, all said and done.

#12©Blondefarmgirl

Friends of ours won 30 mill. They took a group of us on vacation. Bought a cottage and built a house not much really changed. They are doing great.

#13©pascontent

Neighbor won a few millions, built an old folks home, named it after his mother and she refused to live there.

#14©PigStickerOnStone

I knew a welder who won a 30 million jackpot.

He retired, bought two Ford GTs and spends his time doing yardwork, playing low stakes poker tournaments, and raising his two young kids.

His wife bought a crib from me used for their second child.

TO READ MORE:    https://www.msn.com/en-us/money/personalfinance/28-people-who-know-a-lottery-winner-share-what-actually-happened-to-them/ss-AA1OwkF5?ocid=winp2fptaskbarhover&cvid=f84a9d10d49945e2f5b21fda0ad1cd40&ei=43#image=2

News, Rumors and Opinions Thursday 10-16-2025

Gold Telegraph: The Monetary Reset is No Longer a Tin-foil Fantasy

10-15-2025

BREAKING NEWS: THE PENTAGON IS MOVING TO STOCKPILE UP TO $1 BILLION IN CRITICAL MINERALS

The race is on…

“Trump Administration challenges Chinese dominance of supply chain for metals essential to defence industry…”

Source: https://www.ft.com/content/cd5244eb-a8e9-42bc-8939-71ba0fefa057

Countries are quietly securing what can’t be printed. They’re exploring setting price floors and building stockpiles as debt spins into chaos. The script is writing itself.

Congo will permanently ban cobalt exporters that violate its new quota system. The D********c Republic of the Congo represents 70% of global cobalt output. Cobalt is currently surging… A global battle for commodities is currently underway.

The silver market is getting very interesting… Liquidity has collapsed. Silver lease rates have spiked to as high as 35%. Those short silver are now scrambling to find metal. Silver is up over 60% the past 1 year in US dollar terms…

BREAKING NEWS: JPMORGAN WILL INVEST UP TO $10 BILLION IN U.S. COMPANIES TIED TO NATIONAL SECURITY, INCLUDING CRITICAL MINERALS

It is raining down now.

All eyes on minerals.

Source: https://www.reuters.com/video/watch/idRW327313102025RP1/

BREAKING NEWS: UNITED STATES TREASURY SECRETARY SAYS CHINA’S RESTRICTIONS ON CRITICAL MINERAL EXPORTS WILL HURT ITS OWN INTERNATIONAL STANDING

Minerals…

Source: https://www.ft.com/content/fbc5f7bc-b36c-4a12-9c5e-a3f0c19aad12

BREAKING NEWS: THE INTERNATIONAL MONETARY FUND IS WARNING THAT THE EROSION OF TRUST IN CENTRAL BANKS CAN BOOST INFLATION EXPECTATIONS

Nothing to see here…

“The global lender was observing increasing pressures on central banks…”

Source: https://www.reuters.com/markets/us/erosion-trust-central-banks-can-jack-up-inflation-expectations-imf-warns-2025-10-14/

Jerome Powell signals that the Federal Reserve is near the END of QT. You know what comes next…

The leader of the Federal Reserve says he won’t comment on the gold price. The gold price is speaking for you.

BREAKING NEWS: FREEPORT MCMORAN PLANS TO BREAK AWAY FROM THE BENCHMARK PRICING SYSTEM UNDERPINNING GLOBAL SALES OF MINED COPPER ORES

Wow…

“Over the last 35 years, I have never seen anything like this this said Javier Targhetta.”

Source: https://www.mining.com/web/freeport-to-break-away-from-copper-benchmark-it-set-for-decades/

BREAKING NEWS: BHP IS WEIGHING WHETHER TO RESURRECT DEFUNCT MINES IN THE HISTORIC US COPPER BELT

This is one of the largest mining companies in the world. There is a scramble for minerals…

“Chief executive Mike Henry says company is looking at restarting operations in Arizona…”

Source: https://www.ft.com/content/ddeb6fd5-1309-4d76-92d4-4bcbd1ff0362

Suddenly, many in the crowd who once called a “monetary reset” a tin-foil fantasy now think that is where the world is headed… Alright.

Congo, which supplies 75% of the world’s cobalt, just replaced its 8-month export ban with strict quotas. The world is leveraging its commodities. What else? The USA is actively trying to stockpile cobalt right now. This is the first time in 30 years that this has happened…

The leader of the biggest bank in America, Jamie Dimon, says: “Gold could easily go to $5,000, $10,000 in environments like this.” Ok.

Source(s):   https://x.com/GoldTelegraph_/status/1977238828122620299

https://dinarchronicles.com/2025/10/15/gold-telegraph-the-monetary-reset-is-no-longer-a-tin-foil-fantasy/

************

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

Frank26  Article quote: "Central Bank of Iraq confirmed there is no intentions to float the Iraqi dinar exchange rate"  You're saying it for 1 of 2 reasons.  #1  You want the speculators to hear you say, "We're not going to float."   And then you'll float.  #2 You're not going to float and that this is an RI and you're going to come out at $3+ maybe even more to make up the difference of the last 20 years...

Jeff  Article quote: "Iraq has increased its gold holdings rom 90 to 170 tons of gold".   Yeah, they're absolutely Basil 3 compliant.  They're backing the value of their currency with reserves getting ready to revalue and the article clearly states they are ready to delete the zeros, meaning phase out the large currency notes in the very close proximity or future...They have stated in older articles that...old notes with three zeros and small replacement notes without the 3 zeros will coexist at the same value...

Nader From The Mid East   Article says they agree to remove three zeros from the currencies...I stick to my word, after the election everything will happen...The election will start on the 26th and the last day of it is on the 11th of November.  The good news is for sure they're going to remove their three zeros.  They said it now.  I know it's going to happen before the end of the year.   

They're Not Enough Silver: It's That Simple | Clem Chambers

Liberty and Finance:  10-15-2025

Clem Chambers explains that silver’s explosive rise above $53 stems from deep structural shortages and geopolitical tension.

He contrasts gold’s demand—driven by central bank accumulation—with silver’s more retail-driven surge, noting that only eight times more silver than gold is mined each year, yet the price ratio remains around 80-to-1.

Chambers links both metals’ rallies to a larger U.S.-China industrial and technological conflict, where nations are stockpiling real assets amid rearmament and reindustrialization.

Silver’s backwardation, he argues, signals immediate physical demand overwhelming paper supply—proof that the market is “running out” of deliverable metal.

While warning that prices may overshoot, Chambers still sees triple-digit silver as plausible if geopolitical and monetary “natural stupidity” persist.

INTERVIEW TIMELINE:

 0:00 Intro

1:30 Gold drivers

20:30 There's not enough silver

28:30 Platinum & palladium

https://www.youtube.com/watch?v=t-osethZGBs

Thursday Coffee with MarkZ, 10/16/2025

Thursday Coffee with MarkZ, 10/16/2025

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

Member: Hello Mark, Mods and all Dinarians from around the Solar System!!

Member: Are we there yet?

Member: I feel like We've got one foot over the finish line and dragging the other one. :)

Member: Lots of rumors about today through the weekend.

MZ: It’s a great possibility based on the chatter out of Iraq.

MZ: No bond updates yet today…..I know of two people with appointments and they hope it’s a solid update or that they get paid….that would tell us a lot.

Member: When the bond holders do get paid, I think they will just go quiet

MZ: Yes I think they will be quiet but we should be able to see some signs. If there is no NDA…I think they will just tell us.

Member: Anything with Dubai 1 and 2? Hearing Dubai 1 is funded

Member: do you still talk to to any redemption center folks? Are they working this weekend?

MZ: Yes I still talk with them…but unfortunately they have nothing to report except they are on call…..they have done their prep and are ready. Not they need the “GO” signal..

Member: Tx Snake says banker has called in staff in prep for 800#s

Member: Do you hear anything from your IRS contacts?

MZ: They are feeling the crunch with over half of them staying home.

Member: I wonder- if the rates will float during the time we will RV or will it be a flat rate??

Member: I think the rv prices are set already. Even if it goes up and down. I just feel Trump probably negotiated it. I think he’ll take care of us.

Member: Do you still think the market will crash first…at this point?

MZ: I do not think the market will crash first now. If it does crash it will force the reset. But, I think they pull the trigger before the market crashes.

Member: If not a crash- it will probably be a much needed correction.

Member: Donald Trump supposedly has a big announcement 3-4 pm eastern today

Member: My WF wealth manager used to tell me that it was a scam- no so much any longer. He knows something’s getting ready to happen.

Member: today: $ 4258.10 gold $53.41 silver according to Kyco

MZ: In Iraq: “ Iraq’s commitment to International Standards paves the way for a return to dealing with dollars and attracting investments” Saleh is telling us the door is open in Iraq for full international banking.  They are going to the world system with no restrictions.

Member: I wonder what happened with the HCL or deleting the zeros?  Maybe it will all happen at the same time suddenly.

MZ:  “Dr. Saleh Mahoud from Washington: We are committed to supporting the Central Bank’s efforts in banking reform” There is a meeting in Washington DC and organized by the Central Bank of Iraq (CBI) in cooperation with Oliver Wyman International at the Ritz Carleton. They are telling us  they are making all of these changes for International Banking, and inviting people to join them. They are becoming fully integrated with the world banking system.

MZ: “IMF expects Iraq’s economy to grow by 3.6% next year”  The long term health of the country supports changing the value of their currency.

MZ: “ The rise in gold reflects the decline in the confidence of the US dollar”  gold is the measuring stick and we are watching everything around it change value.

Member: I wonder- who will pull the trigger on the IQD rRV? is it the CBI, IMF, Chinese elders. Or US Treasury??

Member: There are several, back walls , in this RV, what in your opinion/logically, is your back wall?

Member: I am watching for before the Iraq elections on Nov 11th.

Member: Really hoping for before the holiday season. Want a wonderful Christmas for us all.

Member: So much information randomly coming out about Reset, going back to Gold Standard, Nesara/Gesara. Block chain etc. It's exciting.

Member: Thanks to everyone. Hope we all have a blessed day today.

Jonathan Otto from MyRedLight.com. joins the stream. Please listen to the replay for his information

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

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.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=W1hUfitPtOo

“Tidbits From TNT” Thursday 10-16-2025

TNT:

Tishwash:  Removing Zeros: 170 Tons of Gold and One Decision on the Table... Will the Iraqi Dinar Survive Erosion?

 Amid the complexities of the financial landscape and increasing pressures on the money supply, the Central Bank of Iraq is opening the door to one of the most sensitive decisions in its modern monetary history: the project to remove zeros from the local currency.

 This step coincides with the bank's announcement that it will increase its gold reserves from 90 tons to 170 tons, representing approximately 20% of its total assets and placing Iraq fourth in the Arab world and twenty-ninth globally in terms of gold reserves.

Meanwhile, Deputy Governor of the Central Bank, Ammar Khalaf, confirmed that there is no intention to float the Iraqi dinar exchange rate in order to preserve the stability of the financial market and the national economy.

He noted that "there is an intention to remove zeros from the currency to alleviate the burden resulting from the accumulation of banknotes within the financial sector." He explained that the goal of the measure is to reduce transportation and storage costs and improve the efficiency of cash circulation.

However, this step, which appears to be technical and reformist on the surface, has raised a wave of questions about its actual effectiveness, and whether it represents a radical solution to the monetary policy crises, or whether it is merely a cosmetic measure to relieve pressure without addressing the core structural imbalances in the Iraqi economy.

According to estimates by international monetary institutions, Iraq is currently experiencing moderate inflation of around 2.5%, a relatively stable environment compared to previous years. However, the money supply (M0) reached historic levels at the end of 2023, making cash transactions a logistical burden for banks and institutions.

 Comparative studies indicate that deleting zeros is a technical accounting step that does not change purchasing power, but rather simplifies calculations and reduces errors in financial systems.

 However, the success of this step depends on its integration with comprehensive economic reform, rather than a measure isolated from the overall financial reality.

Economic expert Ahmed Al-Tamimi told Baghdad Today that "the project to remove zeros from the Iraqi currency represents an important reform step that will facilitate monetary transactions and reduce administrative and logistical burdens on the country's financial and banking system, provided it is implemented within a well-thought-out, comprehensive plan that takes into account economic and market stability."

Al-Tamimi adds, "The accumulation of banknotes resulting from the current bulk of paper money is a significant burden on the financial sector, requiring additional costs in transportation, storage, and management, in addition to making daily transactions difficult for citizens and institutions."

According to comparative economic approaches, countries such as Turkey in 2005 and Ghana in 2007 saw relative success in removing zeros after long periods of stability and strict financial discipline.

 The move helped reduce the costs of cash transactions and boost confidence in the currency.

However, failed experiments, such as those in Zimbabwe and Venezuela, have shown that removing zeros without institutional reform opens the door to renewed inflation and undermines public confidence in the national currency.

Al-Tamimi continues, "Removing zeros will not change the purchasing power of the dinar per se, but it will contribute to simplifying the accounting and financial system and reducing significant numerical discrepancies in financial statements, making money management more efficient and easier to use within government institutions and the private banking sector."

He points out that the success of the experiment depends on "a stable economic environment, effective control of inflation rates, and close cooperation between the Central Bank and the Ministry of Finance to ensure a smooth transition without market disruptions or a loss of confidence in the national currency."

According to accurate economic readings, Iraq today stands at a crossroads between comprehensive monetary reform and a symbolic measure with limited impact. Removing zeros may be technically beneficial, but it becomes dangerous if perceived as an attempt to conceal structural crises under an administrative guise. Analysts warn that poor timing or poor communication with public opinion could lead to pricing confusion and possibly "silent inflationary cycles" exploited by some commercial parties.

Al-Tamimi concluded his statement by saying, "The primary objective of this step is to enhance confidence in the Iraqi dinar, facilitate financial transactions, and reduce the burdens resulting from the accumulation of paper currency. It is also a structural reform in monetary policy that should be included within a comprehensive economic reform program that serves the stability of the dinar and enhances its efficiency in domestic and international transactions."

Modern economic analyses confirm that strengthening the gold reserve provides the central bank with moral cover for any future monetary reform. However, it does not replace financial control, strict oversight of public spending, and rebuilding trust between monetary policy and the economic community.     link

Tishwash:  Al-Sudani affirms Iraq's welcome to European companies and investment in development and energy projects.

 Prime Minister Mohammed Shia al-Sudani received on Wednesday the Swiss Ambassador to Iraq, Daniel Hohn, and the Swedish Ambassador, Jörgen Lindström, in the presence of the CEO of the Swedish company Linkson and the Director of the company's Asia and Middle East branch.

Al-Sudani affirmed, according to a statement from his media office, a copy of which was received by {Euphrates News}, that Iraq welcomes and is interested in the presence of international companies, especially European ones, to work in various development sectors in light of the stability it is witnessing and the legislation and laws that support local and foreign investment.

Al-Sudani pointed out "the country's construction and development across all sectors, including the energy sector, which requires modern technology to advance and grow, a technology available to Swiss and Swedish companies that possess extensive expertise in this field."

The statement added, "The two ambassadors thanked Sudani for the opportunity to meet, affirmed their countries' interest in developing relations with Iraq, and expressed the willingness of Swiss and Swedish energy companies to work in Iraq."

The statement continued, "The meeting also reviewed Linxson's projects, which it began operating in Iraq in 2018, including power plant maintenance projects in Baghdad." 

Al-Sudani directed "the development of a roadmap to explore the most important projects that Swiss and Swedish energy companies can implement in Iraq."  link

*************

Tishwash:  I don't know if this is right and true,  don't ask me any questions I have only read this part that is below and I don't intend on reading anymore of it

I have not seen the VND mentioned in this but I didn't look either 

OKAY? 

 Document stating no taxes on Dinar and the report for Vietnam

this is the summary from section 6

FOREIGN EXCHANGE AND REMITTANCES

Foreign Exchange

The currency of Iraq is the dinar (IQD).  The Central Bank of Iraq devalued the IQD, by 22.7 percent at the end of Dec 2020, to avoid a liquidity crisis. This came as part of the reform plan put in place by the Prime Minister after the country was simultaneously impacted by COVID -19 and the significant drop in oil prices at that time.

Iraqi authorities confirm that in practice, there are no restrictions on current and capital transactions involving currency exchange if valid documentation supports underlying transactions.  The Investment Law allows investors to repatriate capital brought into Iraq, along with proceeds.  Funds can be associated with any form of investment and freely converted into any world currency.  The Investment Law also allows investors to maintain accounts at banks licensed to operate in Iraq and transfer capital inside or outside of the country.

The GOI’s monetary policy since 2003 has focused on ensuring price stability primarily by maintaining a de facto peg between the IQD and the U.S. dollar, while seeking exchange rate predictability by supplying U.S. dollars to the Iraqi market.  In December 2020, the GOI announced that it would officially devalue the dinar’s peg to the U.S. dollar by 22 percent.  Banks may engage in spot transactions in any currency; however, they are not allowed to engage in forward transactions in Iraqi dinars for speculative purposes.  There are no taxes or subsidies on purchases or sales of foreign exchange.

the whole report is here     https://www.state.gov/reports/2022-investment-climate-statements/iraq/

Here is the link for the same report but for Vietnam  

I HAVE NOT READ IT AND I DON'T INTEND to

https://www.state.gov/reports/2023-investment-climate-statements/vietnam/

Mot: and Today - ole ""Mot"" brings You a ""Printerism""

Mot:  Oops!!!!! 

Iraq Economic News and Points To Ponder Thursday Morning 10-16-25

The Central Bank Of Iraq Has Settled The Matter: No Floating Of The Dinar, And A Plan To Remove Zeros Soon.
 
October 14, 2025 Last updated: October 14, 2025 Al-Mustaqillah - In new statements revealing the contours of the upcoming monetary policy, the Deputy Governor of the Central Bank of Iraq, Ammar Khalaf, confirmed in an exclusive interview with CNBC Arabia, which Al-Mustaqillah followed, that   there is no intention to float the Iraqi dinar exchange rate at the present time.   He noted that the Central Bank is keen to maintain the   stability of the national economy and   prevent any instability in the local market.

Khalaf explained that the   decision to stabilize the exchange rate falls    within the bank's vision to   support price stability and     protect citizens' purchasing power, especially in light of the   economic challenges facing the country and the   global fluctuations affecting      currencies and      markets.
 
In another context, the Deputy Governor revealed  an  intention to remove zeros from the Iraqi currency, explaining that the goal of this step is to   ease the burden on the financial sector and   reduce the accumulation of banknotes in circulation.

He pointed out that  this process requires careful   study and   prior planning to ensure its implementation without any negative impact on      financial transactions or      confidence in the currency.
 
Economists believe that the Central Bank's decision   not to float the dinar reflects the financial institution's desire to     avoid economic shocks that could      raise inflation rates and       impact citizens' purchasing power.
 
Meanwhile, the project to remove zeros could   facilitate financial transactions and   improve the efficiency of the monetary system in the long term.
 
These statements come at a time when Iraqi monetary policy is witnessing a sensitive phase of reform, with the Central Bank seeking to balance   financial stability with   meeting the requirements of economic growth.      
https://mustaqila.com/البنك-المركزي-العراقي-يحسمها-لا-تعويم/    

Central Bank: Gold Reserves Reach 170 Tons, With Intention To Remove Zeros From Dinar
 
Baghdad Today - Baghdad The Central Bank of Iraq announced, on Tuesday, October 14, 2025,   its gold reserves and   its intention to remove zeros from the Iraqi currency.
 
Deputy Governor of the Central Bank, Ammar Khalaf, said in a press statement,   followed by Baghdad Today, that:
 
"The Central Bank of Iraq has increased its gold holdings from 90 tons to 170 tons at the present time."  Khalaf added, "This amount of gold now constitutes 20% of the Central Bank's total assets, and Iraq currently ranks fourth in the Arab world in gold holdings and 29th globally."
 
The Deputy Governor of the Central Bank confirmed that "there is no intention to float the Iraqi dinar exchange rate,   so as not to affect the stability of the economy at the present time." Khalaf revealed that  "there is an intention to remove zeros from the Iraqi dinar   to ease the burden of banknote hoarding on the financial sector."   Source: CNBC Arabia    https://baghdadtoday.news/285214-170.htm

 
Mali cosmetics   Removing Zeros: 170 Tons Of Gold And One Decision On The Table... Will The Iraqi Dinar Survive Erosion?
 
Economy / Special Files Yesterday, 4:00 PM | 5376  Baghdad Today – Baghdad   Amid the complexities of the   financial landscape and   increasing pressures on the money supply, the Central Bank of Iraq is opening the door   to one of the most sensitive decisions in its modern monetary history:      the project to remove zeros from the local currency.

This step coincides with the bank's announcement that   it will increase its gold reserves from 90 tons to 170 tons,   representing approximately 20% of its total assets and   placing Iraq fourth in the Arab world and   twenty-ninth globally in terms of gold reserves.
 
Meanwhile, Deputy Governor of the Central Bank, Ammar Khalaf, confirmed that   there is no intention to float the Iraqi dinar exchange rate   in order to preserve the  stability of the   financial market and the    national economy.

He noted that  "there is an intention to remove zeros from the currency   to alleviate the burden resulting from the accumulation of banknotes  within the financial sector."
 
He explained that the goal of the measure is to   reduce      transportation and      storage         costs and   improve the efficiency of cash circulation.

However, this step, which appears to be  technical and  reformist on the surface,   has raised a wave of questions about      its actual effectiveness, and       whether it represents a radical solution to the monetary policy crises, or    whether it is merely a cosmetic measure to relieve pressure    without addressing the core structural imbalances in the Iraqi economy.
 
According to estimates by international monetary institutions,   Iraq is currently experiencing moderate inflation of around 2.5%,      a relatively stable environment compared to previous years.

 However, the money supply (M0) reached historic levels at the end of 2023,   making cash transactions a logistical burden for banks and institutions.
 
Comparative studies indicate that   deleting zeros is a technical accounting step that      does not change purchasing power, but rather     simplifies calculations and      reduces errors in financial systems. However, the  success of this step depends on  its integration with comprehensive economic reform,  rather than a measure isolated from the overall financial reality.
 
Economic expert Ahmed Al-Tamimi told Baghdad Today that "the project to remove zeros from the Iraqi currency represents  an important reform step that will    facilitate monetary transactions and   reduce    administrative and    logistical burdens on the country's financial and banking system,    provided it is implemented within a   well-thought-out,     comprehensive plan   that takes into account     economic and market stability."

 Al-Tamimi adds,  "The accumulation of banknotes   resulting from the current bulk of paper money    is a significant burden on the financial sector,   requiring additional costs in   transportation,    storage, and      management, in addition to    making daily transactions difficult for citizens and institutions."

ccording to comparative economic approaches,   countries such as      Turkey in 2005 and      Ghana in 2007 saw relative success in removing zeros   after long periods of    stability and    strict financial discipline.
 
The move   helped reduce the costs of cash transactions and   boost confidence in the currency.
 
However, failed experiments,   such as those in    Zimbabwe and      Venezuela,     have shown that removing zeros   without institutional reform  opens the door to    renewed inflation and   undermines public confidence in the national currency.  

Al-Tamimi continues, "Removing zeros will not change the dinar's purchasing power per se,   but it will contribute to      simplifying the accounting and financial system and     reducing significant numerical discrepancies in financial statements,      making money management more efficient and easier to use   within   government institutions and the    private banking sector."  

He points out that the success of the experiment depends on   "a stable economic environment,   effective control of inflation rates, and   close cooperation between the    Central Bank and the   Ministry of Finance   to ensure a smooth transition    without     market disruptions or a     loss of confidence   in the national currency."
 
According to accurate economic readings,   Iraq today stands at a crossroads between      comprehensive monetary reform   and    a symbolic measure with limited impact.
 
Removing zeros may be technically beneficial,   but it becomes dangerous    if perceived as an attempt to conceal structural crises   under an administrative guise.
 
Analysts warn that   poor timing or   poor communication with public opinion    could lead to   pricing confusion and         possibly "silent inflationary cycles"     exploited by some commercial parties.   

Al-Tamimi concluded his statement by saying, "The primary objective of this step is to   enhance confidence in the Iraqi dinar,   facilitate financial transactions, and   reduce the burdens resulting      from the accumulation of paper currency.
 
It is also a structural reform in monetary policy   that should be included within a comprehensive economic reform program that      serves the stability of the dinar and      enhances its efficiency in    domestic and      international transactions."
 
Modern economic analyses confirm that   strengthening the gold reserve      provides the central bank with moral cover    for any future monetary reform.
 
However, it does not replace   financial control,   strict oversight of public spending, and   rebuilding trust between      monetary policy and the      economic community.    https://baghdadtoday.news/285251-170.html   

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com