Reset Intelligence: Smaller Notes Only mean One Thing
Reset Intelligence: Smaller Notes Only mean One Thing
9-8-2026
Smaller Notes Only Mean One Thing
By Reset Intelligence | @EXIT_FIAT
Iraq’s Parliamentary Finance Committee says it intends to issue banknotes smaller than the 250 dinar note. At today’s official rate, that note is worth about 19 US cents.
Reset Intelligence: Smaller Notes Only mean One Thing
9-8-2026
Smaller Notes Only Mean One Thing
By Reset Intelligence | @EXIT_FIAT
Iraq’s Parliamentary Finance Committee says it intends to issue banknotes smaller than the 250 dinar note. At today’s official rate, that note is worth about 19 US cents.
No state prints paper that costs more to make than it is worth. It prints small change for a currency it expects to be worth far more.
The Room It Came Out Of
The small-note line did not come from a rumor mill. It came out of the Finance Committee’s weekend sitting with the Governor of the Central Bank, Nizar Nasir Hussein. In that same sitting, the Governor split a number he has never split in public before: Iraq has issued 107 trillion dinars, and only about 40 trillion of it circulates. The rest, some 67 trillion, sits outside the banking system where the state cannot see it.
Then he connected the two. Changing the currency, he said, will help determine the real money supply in circulation. The changeover is the instrument that finds the hidden money. And he drew a line the community keeps missing: changing the currency is the bank’s own authority. Only deleting the zeros needs parliament.
The Weekend Around It
• The rate rumor killed – the CBI publicly rejected claims of a move to 1,460 and confirmed the official rate unchanged at 1,310
• Exchange counters closed – money changers shut at Baghdad airport, 3 more licenses revoked
• The state banks opened – the Integrity Commission began a full audit of Rafidain and Rasheed, the 2 largest state banks
• The 2027 budget entered drafting – the document that records the dinar’s value, first complete budget since 2023, Council of Ministers by September 15
• The penny mirror – America killed its own smallest coin after 230 years because it cost more to make than it was worth; Iraq is running the same arithmetic in reverse
That is the short version. The full daily briefing connects the note to the count, the counters, the budget and the September 30 file, and lays out what it means for anyone holding dinar.
Read the full daily briefing free for 5 days. Sign up here: resetintelligence.com
https://dinarchronicles.com/2026/09/07/reset-intelligence-smaller-notes-only-mean-one-thing/
BREAKING: Gold Can't Be Confiscated In This State Now | Patrick Holland
BREAKING: Gold Can't Be Confiscated In This State Now | Patrick Holland
Liberty and Finance: 9-7-2026
Missouri has enacted a sweeping Constitutional Money Actthat gives gold and silver legal-tender status.
The law also provides protections against state-assisted confiscation, allows employers and employees to agree to compensation in gold and silver, and requires the state to accept certain electronic gold and silver transfers for taxes and services.
BREAKING: Gold Can't Be Confiscated In This State Now | Patrick Holland
Liberty and Finance: 9-7-2026
Missouri has enacted a sweeping Constitutional Money Actthat gives gold and silver legal-tender status.
The law also provides protections against state-assisted confiscation, allows employers and employees to agree to compensation in gold and silver, and requires the state to accept certain electronic gold and silver transfers for taxes and services.
Patrick Holland of the Missouri Freedom Initiative explains how grassroots pressure helped overcome political obstacles and why he believes Missouri’s framework could serve as a model for other states.
He also discusses the emerging infrastructure for everyday gold and silver transactions, potential counterfeiting and fraud risks, and why he believes private-market solutions are preferable to state regulation.
Holland urges citizens in other states to study Missouri’s law and work with their own legislators to pursue similar sound-money legislation.
INTERVIEW TIMELINE:
0:00 Intro
1:00 Gold & silver legal tender bill
28:30 Gold & silver counterfeits
33:00 Capital gains on metals
34:30 Missouri Freedom Initiative
Iraq News Posted by Clare at KTFA 9-8-2026
KTFA:
Clare: The Central Bank organizes a workshop on local and international blacklists.
The Banking Studies Center at the Central Bank of Iraq, in cooperation with the Anti-Money Laundering and Counter-Terrorism Financing Office, organized a workshop entitled (Local and International Sanction Lists) as part of the Center’s work plan for 2026.
The workshop aimed to enhance the efficiency of financial and banking personnel and develop mechanisms for financial institutions to comply with international standards and national legislation, as well as to review mechanisms for name screening, alert management, reporting, documentation and effective follow-up procedures.
KTFA:
Clare: The Central Bank organizes a workshop on local and international blacklists.
The Banking Studies Center at the Central Bank of Iraq, in cooperation with the Anti-Money Laundering and Counter-Terrorism Financing Office, organized a workshop entitled (Local and International Sanction Lists) as part of the Center’s work plan for 2026.
The workshop aimed to enhance the efficiency of financial and banking personnel and develop mechanisms for financial institutions to comply with international standards and national legislation, as well as to review mechanisms for name screening, alert management, reporting, documentation and effective follow-up procedures.
The workshop also included practical applications, case studies, and interactive scenarios to ensure that appropriate actions are taken and immediate reporting is made in accordance with approved regulations, which contributes to protecting the Iraqi financial sector and establishing a work environment based on the highest levels of compliance and transparency.
Media Office,
September 8, 2026
Clare: Iraqi factions have made their decision: sovereignty in exchange for weapons.
9/8/2026
On Tuesday, armed factions in Iraq affirmed that the issue of restricting weapons cannot be separated from achieving full sovereignty for Iraq, while considering that the September 30th deadline represents a test of the seriousness of the United States and the international coalition in implementing their commitments to the Iraqi government.
The spokesman for the Sayyid al-Shuhada Brigades, Kazem al-Fartousi, told Shafaq News Agency that the issue of restricting weapons was discussed through a committee formed from the coordination framework and another from the resistance factions, indicating that the discussions witnessed the determination of priorities regarding this issue.
Al-Fartousi explained that "the principle put forward by the factions, which cannot be divided or negotiated, is that this weapon is in exchange for sovereignty," stressing that they will not give up the weapon unless there is full sovereignty in the country.
He added that this requires protecting the Iraqi people, land, and skies, as well as national gains, in addition to protecting political decision-making and economic independence, noting that the ten demands put forward by the factions are "national and concern all of Iraq from north to south."
He explained that these demands are not related to the interests of the resistance factions, but rather represent, in his words: “a definition of sovereignty, an expression of it, and how to achieve full sovereignty for this nation.”
Regarding the government's ability to respond to these demands, Al-Fartousi pointed out that "part of these demands are included in the government program," stressing that the issue is not only about whether the government responds or not, but is related to "where Iraq's interest lies."
He pointed out that the Iraqi government represents the executive administration of the Iraqi people and the country’s interest, while the coordinating framework, as the owner of the principle and political action, bears the responsibility of considering, establishing and engineering the work of the government.
Regarding the date of September 30, and whether it represents a date for resolving the issue of restricting weapons, Al-Fartousi explained that there is "confusion about dates," and that this is the date of the withdrawal of coalition forces from Iraq.
According to him, this date represents "the first test of the seriousness of the Trump administration and the coalition in implementing their commitments to the Iraqi government," noting that "after September 30, the discussion will begin about the issue of weapons, their presence and use."
Al-Fartousi concluded his remarks by saying that some of the issues raised "need time," while other issues "only need a political decision and do not need much time."
Sources revealed two days ago that a preliminary agreement had been reached to hold a meeting that would include official government military and security parties, along with leaders from the coordination framework, representatives of the Popular Mobilization Forces, and representatives of armed factions, to discuss the mechanism for restricting weapons to the state, before the deadline of September 30, before it was postponed due to the absence of the Al-Nujaba Movement.
According to the sources, the meeting "does not mean reaching a final agreement on the mechanism for restricting weapons," but rather comes within the framework of efforts to calm tensions and prevent any possible escalation, and to try to reach solutions and understandings regarding the process of restricting weapons.
A source told Shafaq News Agency last Sunday that the armed factions will not hand over their weapons on September 30, while also mentioning the second option being discussed in the negotiations, which is to regulate or freeze the weapons.
Two weeks ago, the coordination framework formed a tripartite committee comprising Mohammed Shia al-Sudani, Nouri al-Maliki, and Hadi al-Amiri, in order to contain the repercussions of restricting weapons to the state, especially after the media escalation and scaremongering witnessed in the Iraqi arena regarding this issue.
Over the past few days, the tripartite committee has held many dialogues and discussions with the factions concerned with the issue of restricting weapons.
It is worth noting that the state’s monopoly on weapons does not have the consensus of the Iraqi factions, as the Al-Nujaba Movement, Kataib Hezbollah, Kataib Sayyid al-Shuhada and other factions announced their refusal to give up their military capabilities on September 30, the date set by the Iraqi government, which coincides with the end of the international coalition’s military presence in Iraq, as these factions link the future of their weapons to the withdrawal of foreign forces.
The State Administration Coalition, which includes the most prominent Shiite, Sunni and Kurdish political forces in Iraq, had warned that any armed activity outside the framework of the state after September 30 would be dealt with according to the anti-terrorism law. LINK
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Clare: Iraq’s Coordination Framework Moves to Finalize Government and Laws
9/8/2026
At a Glance
The Coordination Framework met to fast-track stalled cabinet and legislative portfolios.
Coalition commitments to fill remaining ministerial seats under Prime Minister remain stalled.
The bloc is drafting a new internal charter to enforce unified decision-making.
Iraq’s Coordination Framework met Monday to fast-track pending ministerial appointments and advance critical gridlocked legislation, including the Oil and Gas and PMF laws, aiming to finalize government formation and establish new internal coalition rules.
Key Statements and Focus Area
The Coordination Framework’s Media Department stated that leaders reviewed critical legislation, focusing on the PMF, Oil and Gas, Federal Court, and Federation Council laws.
The bloc “decided to proceed with naming the remaining ministers to complete the government lineup and enable it to perform its duties.”
The leaders of the Coordination Framework held their regular meeting on Monday at the office of Haider al-Abadi and addressed a number of priority political and legislative files.
The leadership discussed the Popular Mobilization Forces (PMF) Law, emphasizing the importance of finalizing the legislation “in a manner that regulates the Commission's work and enhances its role within state institutions.”
They addressed several foundational bills—chief among them the Oil and Gas Law, the Federal Court Law, and the Federation Council Law—aiming “to contribute to completing the constitutional and institutional structure of the state.”
On the matter of government formation, the bloc evaluated current discussions, “emphasizing the necessity of resolving this file.”
The participants also discussed organizing the coalition's internal structure, stressing “the drafting of a charter and rules to regulate operational mechanisms and decision-making, thereby enhancing institutionalism and unity of position.”
FYI
The requested laws seek to resolve decades-long gridlock over federal oil revenue disputes with the Kurdistan region and finalize the incomplete constitutional structure of the state.
Additionally, the new legislation aims to firmly regulate the military hierarchy of the Popular Mobilization Forces and reform the appointments process for Iraq's highest constitutional court.
Following periods of deep political deadlock and caretaker management, Prime Minister al-Zaidi's cabinet has been working to finalize its administration.
The Framework's current push to name the "remaining ministers" is an attempt to resolve lingering disputes over vacant cabinet seats among coalition partners so the state can officially approve national budgets and execute massive infrastructure projects.
The finalization of cabinet has reached a major political impasse over the appointment of deputy prime ministers, an informed source told Channel8.
According to the source, the gridlock centers on widespread factional opposition to the nomination of Laith al-Khazali. Several political groups have raised concerns regarding a potential U.S. veto due to al-Khazali's leadership role within the Asa'ib Ahl al-Haq movement. LINK
Clare: KRG Delegation Heads to Baghdad Over 2027 Budget Share
At a Glance
A KRG delegation is heading to Baghdad to negotiate its share of Iraq’s budget.
The delegation is seeking about 29 trillion IQD, including operational and investment allocations.
The KRG says it has continued handing over oil and non-oil revenues.
A high-level Kurdistan Regional Government delegation is heading to Baghdad to negotiate the region’s share of Iraq’s 2027 draft budget. The delegation is seeking to secure the region’s financial rights and entitlements in the new budget framework.
Key Statements and Focus Area
Budget Share: The delegation is requesting approximately 29 trillion IQD as the region’s total share, including 23 trillion IQD for operational spending and 5.5 trillion IQD for investment expenditures.
Employee Entitlements: The Kurdistan Region has requested a monthly allocation of 94 billion IQD for the financial entitlements of civil and military personnel promoted since 2026.
Revenue Commitments: The KRG Ministry of Finance says the region has complied with bilateral agreements and has handed over crude oil and non-oil revenues since September 27, 2025. It is therefore calling on Baghdad to maintain regular monthly budget disbursements.
The delegation is led by KRG Minister of Finance Awat Janab and is expected to hold meetings with Iraqi Prime Minister and Minister of Finance officials.
The delegation includes Omed Sabah, Amanj Rahim, and Abdul-Hakim Khisro. The Ministers of Natural Resources, Planning, and Labor and Social Affairs are also expected to participate.
The delegation has also submitted a package covering financial entitlements for civil and military employees who received promotions from 2026 onward.
Other demands include the employment of 16,000 top-three university graduates and the conversion of contract teachers and staff to permanent positions.
The KRG is also seeking financial compensation and outstanding entitlements for retirees who have not received monthly pensions and end-of-service bonuses over the past three years.
A technical KRG financial team is already in Baghdad and has presented several points to Iraqi Finance Minister Faleh Sari.
The delegation’s main objective is to reach an agreement on the “Program and Performance Budget” being prepared by the Iraqi Ministry of Finance and ensure the Kurdistan Region’s financial rights are included.
FYI
The negotiations come as the Iraqi government moves toward a new budgeting methodology. At the same time, the KRG is seeking to secure current financial allocations as well as compensation for employee and retiree entitlements it says were not paid in previous years. LINK
Ariel: The Current Operational Assessment for Iraq
Ariel: The Current Operational Assessment for Iraq
9-8-2026
Iraq: The Current Operational Assessment (And Other News)
The Sequence Problem, the September Squeeze, and Why the Clarity Act Is the Real Timer
Let me tell you what nobody’s connecting, because everyone’s staring at the budget like it’s the fuse when it’s actually the firecracker that gets thrown ‘after’ the match is lit.
Ariel: The Current Operational Assessment for Iraq
9-8-2026
Iraq: The Current Operational Assessment (And Other News)
The Sequence Problem, the September Squeeze, and Why the Clarity Act Is the Real Timer
Let me tell you what nobody’s connecting, because everyone’s staring at the budget like it’s the fuse when it’s actually the firecracker that gets thrown ‘after’ the match is lit.
A redenomination budget drafted in old currency that takes six weeks to ratify is worthless paper. You cannot write a 2027 budget in dinars that will cease to exist as a denomination by the time parliament votes on it. Every line item, every salary figure, every oil revenue projection would need a conversion factor bolted onto it.
Finance ministries do not operate that way when they know a redenomination is inbound they draft in the ‘new’ unit. Which means the rate decision is already made. It’s sitting in a drawer in the Central Bank like a loaded weapon, and the budget is just the paperwork that gets stamped after the shot is fired.
Nizar Nasser Hussein gave us the confirmation in plain sight: “Currency change is under the Central Bank’s authority, deleting zeros requires legislation in the House of Representatives.” Read that sentence like a lawyer. He’s telling you both doors exist the parliamentary door and the emergency authority door.
Al-Zaidi doesn’t want to walk through parliament. He watched Maliki’s bloc weaponize every budget for a decade. An emergency monetary decree under CBI authority during a sovereignty transition window bypasses the entire circus. Hussein mentioned that clause on purpose. That was the signal, not the Oliver Wyman reform boilerplate wrapped around it.
THE SEPTEMBER 30 SQUEEZE — HERE’S THE MECHANISM NOBODY’S NAMING
Full sovereignty before September 30 means the US umbrella lifts. When that umbrella lifts, Iraq’s currency needs its own spine and the spine is the peg. You cannot be a sovereign state with a non-convertible, non-internationally-traded currency. That’s not a preference, that’s a prerequisite.
Article VIII compliance isn’t some IMF badge of honor, it’s the difference between IQD being money and IQD being a coupon. But this is only if Ali al-Zaidi sticks to his guns that this will follow through as we expect.
Read Full Article:
https://www.patreon.com/Prolotario1/posts/iraq-current-and-168895770
https://dinarchronicles.com/2026/09/07/prolotario-the-current-operational-assessment-for-iraq/
Coffee with MarkZ, Tuesday 09/08/2026
Coffee with MarkZ, Tuesday 09/08/2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: Denominations smaller than 250, CBI buys more gold, elections around the world, conflict and the fallout. Joined by Lewis Herms.
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
Coffee with MarkZ, Tuesday 09/08/2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: Denominations smaller than 250, CBI buys more gold, elections around the world, conflict and the fallout. Joined by Lewis Herms.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
https://rumble.com/user/theoriginalmarkz
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THANK YOU FOR JOINING. HAVE A BLESSED DAY. SEE YOU IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS! FOR UPDATES ON MARK’S PODCAST GO TO: https://t.me/+b3hYhYlhKM1hYzcx
News, Rumors and Opinions Tuesday 9-8-2026
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Tues. 8 Sept. 2026
Compiled Tues. 8 Sept. 2026 12:01 am EST by Judy Byington
The Global Financial Transition:
The Quantum Financial System (QFS) operates independently of the current centralized banking model, putting an end to the global perpetuation of “Debt Slavery” by dismantling the existing Central Banking System. …Quantum Financial System Intel on Telegram Mon. 7 Sept. 2026
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Tues. 8 Sept. 2026
Compiled Tues. 8 Sept. 2026 12:01 am EST by Judy Byington
The Global Financial Transition:
The Quantum Financial System (QFS) operates independently of the current centralized banking model, putting an end to the global perpetuation of “Debt Slavery” by dismantling the existing Central Banking System. …Quantum Financial System Intel on Telegram Mon. 7 Sept. 2026
Despite being the pinnacle of design, reliability, security, and safety, the implementation of QFS will unfold gradually.
QFS utilizes Distributed Ledger Technology, distinguishing itself from cryptocurrency or blockchain systems. Quantum Qubits actively engage with every financial transaction worldwide, ensuring legality, owner intent, and transparency.
As Central Banks lack the capacity to transition old FIAT (paper) money into the new QFS system, fractional reserve banking and central banking activities will cease. Each sovereign currency and bank constitutes a distinct Ledger within QFS.
In March 2017, data on all account holders from banks across 209 participating countries was (allegedly) integrated into QFS, serving as a comprehensive “Distributed Ledger.” QFS is designed to convert all bank accounts denominated in any Fiat currency globally into a local asset-backed currency.
The system verifies the validity, activity, and operability of originating Fiat currency bank accounts before exchanging fiat currency for asset-backed currency. Following a successful verification, the conversion occurs on a 1:1 basis, signaling a significant shift in the financial landscape.
~~~~~~~~~~~
Global Currency Reset:
Redemption Centers may offer special contract rates beyond ordinary bank international exchange rates. Especially for DINAR and ZIM holders tied to humanitarian projects.
The new international currency rates being circulated remain:
Iraqi Dinar: $3.22
Vietnamese Dong: $0.47
Zimbabwe Dollar: $15.00
Kuwaiti Dinar: $4.18
…Mr. Blackpool 4b on Telegram Mon. 7 Sept. 2026
Judy Note: No one knows the exact date for notification of appointments for Tier4b (us, the Internet Group) to exchange foreign currencies, but deadlines shown in the above Timing indicate it to be very soon. We have been told that Wells Fargo, which is controlled by the Chinese Elders – (the ones who own the gold behind the Global Currency Reset) – will send out emails to currency and bond holders worldwide telling them how to set redemption & exchange appointments. It is advised to exchange/redeem your foreign currency at an official Redemption Center (RC) rather than a bank. You can only (allegedly) redeem Zim at a RC, the Dinar Contract Rate can only (allegedly) be given at a RC and banks will offer you lower exchange rates than what you can obtain at a RC. You can only (allegedly) set up your new wallet (bank account) at a RC. It was my understanding that most banks were under control of the Cabal and would soon play a different role in the Global Financial System.
Read full post here: https://dinarchronicles.com/2026/09/08/restored-republic-via-a-gcr-update-as-of-september-8-2026/
Courtesy of Dinar Guru: https://www.dinarguru.com/
David It's big. If you need proof go back to World War I, World War II, Korea, Iraq and eventually Venezuela and you're going to see a pattern. We sanctioned them, there was conflict, we entered their country, we took their gold, we helped them restructure their economy, financial system and monetary system and helped them revalue their currency. What's happened in Iraq? We sanctioned them, engaged in conflict with them, defeated the Saddam forces...took their gold in 2003, destroyed their infrastructure and daily life and helped rebuild their country and modernize their infrastructure, economic, monetary, financial reforms. And we're helping them revalue their currency.
Frank26 Article: "Central Bank Governor: Changing the currency is within our authority and removing zeros requires legislation in parliament" This is an official announcement...from the CBI directly to the Iraqi citizens and to the international world...Removing the zeros...requires legislation from parliament, that's a mistake because we don't need parliament...July 28th Article quote: "Removal of three zeros from the Iraqi dinar would normally require legislation...The prime minister requested the Federal Supreme Court of Iraq to issue an interpretive ruling regarding the powers of the Council of Ministers...The Federal Supreme Court ruled regardless of whether a law expressively grants such authority, the Council of Ministers possesses and inherited constitutional powers to issue regulations, instructions and decisions. This ruling opens the door for the government to proceed with the removal of the three zeros from the Iraqi currency through government regulation without first obtaining parliamentary approval." End of story. That's where we're at right now.
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IQD Update: Deleting the Zeros: The CBI Announcement You Need to Know
Edu Matrix: 9-8-2026
IQD Update: Deleting the Zeros: The Latest CBI Announcement You Need to Know
Seeds of Wisdom RV and Economics Updates Tuesday Morning 9-8-26
YEN SURGE SHAKES THE $2.35 TRILLION CARRY TRADE: JAPAN’S CURRENCY REVERSAL COULD REPRICE GLOBAL CAPITAL FLOWS
Japan’s rapidly strengthening yen is forcing investors to reconsider one of the world’s largest funding trades, raising the possibility of broader shifts in global liquidity, asset prices and capital flows.
OVERVIEW
The yen has surged nearly 4% in about a week, reaching a seven-month high as markets increasingly expect the Bank of Japan to raise interest rates.
Cross-border yen borrowing — a proxy for the carry trade — reached a record 360 trillion yen, or approximately $2.35 trillion, in March, according to Jefferies analysis of Bank for International Settlements data.
A sustained yen rally could force investors to unwind leveraged positions and repatriate capital, potentially affecting currencies, bonds and other global assets.
YEN SURGE SHAKES THE $2.35 TRILLION CARRY TRADE: JAPAN’S CURRENCY REVERSAL COULD REPRICE GLOBAL CAPITAL FLOWS
Japan’s rapidly strengthening yen is forcing investors to reconsider one of the world’s largest funding trades, raising the possibility of broader shifts in global liquidity, asset prices and capital flows.
OVERVIEW
The yen has surged nearly 4% in about a week, reaching a seven-month high as markets increasingly expect the Bank of Japan to raise interest rates.
Cross-border yen borrowing — a proxy for the carry trade — reached a record 360 trillion yen, or approximately $2.35 trillion, in March, according to Jefferies analysis of Bank for International Settlements data.
A sustained yen rally could force investors to unwind leveraged positions and repatriate capital, potentially affecting currencies, bonds and other global assets.
KEY DEVELOPMENTS
1. The Yen Has Suddenly Reversed Direction
The Japanese yen has moved sharply higher after spending much of the year under pressure.
The yen reached approximately 152.89 per dollar on September 8, its strongest level since February. It was trading around 160 to the dollar less than a week earlier.
Reuters reports that the yen has gained roughly 4.5% in one week, marking one of its fastest moves in years.
The immediate catalyst is growing expectations that the Bank of Japan will raise interest rates, potentially as soon as its next policy meeting.
But monetary policy is only part of the story.
Markets are also watching whether Japanese investors begin bringing money home and whether leveraged investors continue closing short-yen positions.
2. The $2.35 Trillion Carry Trade Is the Bigger Story
The carry trade works by allowing investors to borrow in a relatively low-interest-rate currency and invest in assets offering higher returns elsewhere.
For years, the yen was one of the world's most important funding currencies because Japanese interest rates remained exceptionally low.
That created an enormous cross-border financial position.
According to Jefferies analysis of Bank for International Settlements data cited by Reuters, cross-border yen borrowing reached approximately 360 trillion yen — about $2.35 trillion — in March.
That figure should not be interpreted as $2.35 trillion that will automatically be sold.
It is a proxy for the scale of yen-funded borrowing, and the actual size of the global carry trade is difficult to measure precisely.
But the number demonstrates why a rapid change in the yen can matter far beyond Japan.
3. A Stronger Yen Can Force a Global Deleveraging
The danger for global markets is not simply that the yen becomes more valuable.
It is what happens if investors begin unwinding positions financed with borrowed yen.
Consider the basic sequence:
Yen strengthens → yen borrowing becomes more expensive to repay → leveraged positions are reduced → foreign assets may be sold → capital returns to Japan → global liquidity changes.
That process can create additional upward pressure on the yen because investors need to purchase yen to close their positions.
The result can become partially self-reinforcing.
Reuters reported that analysts are already seeing short-yen positions being reduced and warned that continued yen strength could turn a gradual reduction in leverage into a much faster unwind.
4. The 2024 Warning Is Still Fresh
The global financial system has already experienced what a rapid yen reversal can do.
In August 2024, a sharp strengthening of the yen contributed to a major unwind of carry trades.
Global equities suffered a sudden sell-off as leveraged positions were reduced and investors moved rapidly to protect capital.
The current situation is not necessarily a repeat of 2024.
The important difference is that investors are watching the risk much more closely this time.
Japan's currency policy has also changed significantly.
Japan and the United States coordinated intervention in July to support the yen, and Japanese Finance Minister Satsuki Katayama said September 8 that Tokyo and Washington remain aligned and are continuing close communication to maintain orderly foreign-exchange markets.
That means the yen is now moving within an environment where market forces, Japanese monetary policy and international currency coordination are all interacting.
5. The Bigger Question Is Where Global Capital Goes Next
A sustained yen appreciation could become more important if it changes the behavior of Japanese investors and international funds.
Japan is one of the world's largest pools of institutional capital.
If higher Japanese yields make domestic bonds and other Japanese assets more attractive, some capital that previously moved overseas could remain at home or return to Japan.
At the same time, investors unwinding yen-funded positions could reduce exposure to higher-yielding foreign currencies and assets.
That could affect markets far beyond Japan.
The potential consequences include currency volatility, changes in bond demand, shifts in equity valuations and changes in global liquidity conditions.
This does not mean that a $2.35 trillion liquidation is inevitable.
It means that the direction of the yen has become an important variable in global capital markets.
WHY IT MATTERS
Economy: A stronger yen changes Japan's import costs, corporate earnings and domestic financial conditions while potentially altering the flow of Japanese capital abroad.
Markets: A large carry-trade unwind could create selling pressure in foreign assets as leveraged investors reduce positions.
Policy: The Bank of Japan's interest-rate decisions are becoming increasingly important to global investors because Japanese monetary policy can influence international capital flows.
Global System: The yen's reversal demonstrates how a change in one major funding currency can transmit financial stress or liquidity changes across multiple markets.
WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS
The yen's move is an important reminder that currency values are connected to global capital flows, not simply to individual countries' economic conditions.
For foreign-currency holders, a major change in the yen-funded carry trade could increase volatility across other currencies as investors reassess risk and move capital between markets.
Currencies that have benefited from carry-trade flows can come under pressure if investors suddenly reverse those positions.
The broader lesson is that exchange-rate movements can accelerate when large pools of leveraged capital begin moving in the same direction.
That makes global currency diversification increasingly important to understand as central banks move away from the unusually low-interest-rate environment that dominated much of the previous decade.
IMPLICATIONS FOR THE GLOBAL RESET
Pillar 1: Assets — Global Capital Could Be Repriced
The yen's reversal highlights the potential for large cross-border positions to move quickly when interest-rate expectations change.
If the carry trade continues to unwind, capital could shift among currencies, sovereign bonds, equities and other assets.
That would represent a repricing of global capital — not necessarily a crisis, but a structural adjustment worth watching.
Pillar 2: Trade — Currency Relationships Are Becoming More Strategic
Japan and the United States are already coordinating closely on foreign-exchange stability.
At the same time, Japan's monetary policy is increasingly influencing the value of the yen and the behavior of Japanese investors.
Currency policy is therefore becoming intertwined with trade competitiveness, capital flows and financial stability.
The global financial system is increasingly interconnected, making major-currency movements a strategic issue rather than simply a foreign-exchange-market story.
CONCLUSION
The yen's sudden surge is more significant than a normal currency rally.
Behind the move is a much larger question: what happens when one of the world's most important funding currencies stops behaving like a cheap source of global liquidity?
The approximately $2.35 trillion yen-borrowing proxy does not represent a guaranteed wave of forced selling. But it shows why investors are watching the yen so closely.
If the Bank of Japan continues tightening and the yen remains strong, more carry trades could be unwound and more capital could potentially flow back toward Japan.
That could influence currencies, bonds and asset prices around the world.
The global financial system does not need a single dramatic event to reprice. Sometimes the repricing begins when the direction of a major currency — and the flow of capital behind it — suddenly changes.
Seeds of Wisdom TeamNewshounds News™ Exclusive
SOURCES
Reuters — The yen's sudden surge is upsetting the carry trade faithful
Reuters — Japan, US remain aligned on FX policy to foster stable markets, Katayama says
~~~~~~~~~~
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Marc Faber: Imminent Financial Collapse, Money Printing & Gold
Marc Faber: Imminent Financial Collapse, Money Printing & Gold
Palisades Gold Radio: 9-8-2026
Stijn Schmitz welcomes back Contrarian Investor and Publisher of the Gloom, Boom, & Doom Report Marc Faber to the show.
Faber opened the discussion by emphasizing the unprecedented complexity facing economists and investors today, driven by a confluence of dismal fiscal situations in Western democracies, geopolitical tensions, and the central role of central banks in financing massive deficits.
Marc Faber: Imminent Financial Collapse, Money Printing & Gold
Palisades Gold Radio: 9-8-2026
Stijn Schmitz welcomes back Contrarian Investor and Publisher of the Gloom, Boom, & Doom Report Marc Faber to the show.
Faber opened the discussion by emphasizing the unprecedented complexity facing economists and investors today, driven by a confluence of dismal fiscal situations in Western democracies, geopolitical tensions, and the central role of central banks in financing massive deficits.
He questioned whether Western economies have experienced real growth over the last 20 years or merely nominal expansion fueled by money printing, which has inflated asset prices for the wealthy while eroding the purchasing power and living standards of the middle and lower classes.
Timestamps:
00:00:00 - Introduction
00:01:04 - Key Economic Trends Focus
00:05:31 - Real vs Nominal Growth
00:09:19 - Capitalism and Market Reforms
00:14:40 - Money Printing Unsustainability
00:15:40 - Debt & Economic Growth
00:17:40 - Future Asset Bubble Crash
00:20:48 - US Treasury Market Health
00:22:30 - Inflation Measurement Issues
00:29:06 - Gold as Value Store
00:35:49 - Correction in Asset Prices
00:38:12 - Energy Markets Outlook
00:44:37 - Gloom Boom Doom Report
00:47:33 - Concluding Thoughts
Tuesday Iraq News posted by Tishwash at TNT 9-8-2026
TNT:
Tishwash: After September 30th, a new security agreement will keep Marines protecting the US Embassy in Baghdad.
On Monday, Hoshyar Zebari, a leader in the Kurdistan Democratic Party, revealed new details regarding the American withdrawal from Iraq, pointing to bilateral security arrangements between Baghdad and Washington, which include the continued presence of US Marines to protect the embassy .
Zebari said in a televised interview followed by Al-Sa’a Network that “this operation will end on September 30,” explaining that “the Iraqi government agreed with the American side two years ago that in 2026 there will be no need for Operation Inherent Resolve .”
TNT:
Tishwash: After September 30th, a new security agreement will keep Marines protecting the US Embassy in Baghdad.
On Monday, Hoshyar Zebari, a leader in the Kurdistan Democratic Party, revealed new details regarding the American withdrawal from Iraq, pointing to bilateral security arrangements between Baghdad and Washington, which include the continued presence of US Marines to protect the embassy .
Zebari said in a televised interview followed by Al-Sa’a Network that “this operation will end on September 30,” explaining that “the Iraqi government agreed with the American side two years ago that in 2026 there will be no need for Operation Inherent Resolve .”
He added that "Operation Inherent Resolve is an international coalition operation against ISIS, in which US forces and forces from the international coalition are participating," indicating that "this operation will be declared over, which means there is no need for the presence of US combat forces for this mission ."
Zebari explained that "the end of the mission in Iraq does not mean the end of the operation in Syria or Jordan," stressing that "the American side has already reduced its presence in Baghdad and Baghdad Airport, as well as in Erbil Airport ."
He noted that "Washington has contacts with the Iraqi government to reach security arrangements other than Operation Inherent Resolve and the military presence," indicating that "these arrangements may be bilateral, and may include the Kurdistan Region ."
He added that "the United States has an embassy in Baghdad and needs to protect it," noting that "Marine forces are present in American embassies around the world, including the embassy in London," as he put it link
Tishwash: Expert: The Iraqi banking sector faces tough reform, not collapse.
Economic expert Manar Al-Obaidi said on Monday that the Iraqi banking sector is not going through a phase of collapse, but rather a process of "sorting, reforming and restructuring" that may be harsh, but is necessary to prepare the sector for a phase of greater growth.
Concerns have recently increased after the Central Bank of Iraq decided to place Al-Taif Islamic Bank under guardianship for 18 months, following the detection of serious violations that affected its financial position. This sparked demonstrations and protests by depositors in front of the bank's branches in Baghdad and Basra to demand their money, while these events further deepened the erosion of Iraqis' confidence in banks.
Al-Ubaidi said in a post followed by Shafaq News Agency that his monitoring of the data and indicators of Iraqi banks for more than five years showed that the banking sector is practically divided into three categories, foremost among them the leading banks that were able to develop their systems, management and services and approach international standards, and build real trust with customers and depositors, noting that their number does not exceed about five banks.
He explained that the second category consists of medium-sized banks, some of which have an opportunity to grow and move to the leading category, provided they develop governance, capital, technical systems, risk management and compliance, while others may decline if they do not move at the required speed.
As for the third category, according to Al-Obaidi, it is the small banks, which are the weakest link and the most vulnerable to change during the next stage, suggesting that some of these banks will face limited options including mergers, restructuring, or exiting the market.
He stressed that these developments "are not necessarily an indication of the sector's collapse," explaining that banking is no longer limited to licenses, branches, and receiving deposits, but requires real capital, governance, risk management, compliance, advanced technological infrastructure, the ability to protect depositors' funds, and dealing with a financial system more connected to international markets.
He pointed out that the crises facing some banks may affect public confidence in the short term, but the essence of what is happening is "a sorting, reforming and reshaping process of the Iraqi banking market."
He added that some institutions "will not be able to continue in the current form," but the banking sector itself, in his opinion, is about to enter a major growth phase driven by the increasing need of the Iraqi economy for financial services.
Al-Obaidi pointed out that the trade, import, payments, transfers, corporate services, liquidity management, credit, guarantees and digital services sectors all need a more efficient and developed banking sector, stressing that the next stage will witness a shift in confidence from weaker banks to stronger ones, and from traditional services to digital ones.
He concluded by saying that Iraq will still need government, commercial and Islamic banks, "but not necessarily all the banks that exist today in the same form, size and model," stressing that the real question for the next stage is "which banks will be able to survive and gain the trust of the market?" link
************
Tishwash: Central Bank: No more sanctions on the banking sector.
The Central Bank of Iraq affirmed on Sunday its continued commitment to the reform process and denied the existence of any sanctions on the banking sector.
A statement issued by the bank, and reported by Al-Maalomah News Agency, quoted Governor Nizar Nasser Hussein as saying during a meeting with economic experts that the banking sector reform process is ongoing in coordination with Oliver Wyman. He clarified that there are no longer any international sanctions on the banking sector.
The statement added that international confidence in the Central Bank is very high, noting that the seven banks authorized to conduct transactions in currencies other than the US dollar may begin operations soon.
It further stated that the majority of depositors' funds at Al-Taif Bank are guaranteed, and that the Central Bank will intervene if a shortfall occurs. The statement emphasized that Iraq invests in the United States as a safe haven and the only country that has granted Iraq immunity, adding that the risks of investing in other countries are significant.
The statement concluded by noting that the total issued currency amounts to 107 trillion dinars, while the amount circulating in the markets is close to 40 trillion dinars.
He pointed out that "changing the currency is within the purview of the Central Bank," noting that "removing zeros requires legislation in the House of Representatives."
He affirmed that "the current government is run with a private sector mindset, and the media plays a crucial role in improving Iraq's international image," adding that "there are new lending initiatives to support important and vital projects." link
Tishwash: The "cash economy" weakens investment and deepens the shadow economy.
Cash liquidity outside the banking system constitutes one of the most prominent challenges facing the banking sector and the Iraqi economy, given the continued reliance of individuals on cash transactions and keeping part of their savings outside banks, which raises questions about the reasons for this phenomenon and its repercussions on investment, growth and confidence in the banking sector.
Economic experts believe that the large amount of liquidity leaving the banking system is not related to a single factor, but rather to factors related to confidence, banking services and procedures, as well as the nature of the Iraqi economy and its extensive reliance on cash.
Trust gap
In this regard, economist Abdul Rahman Al-Mashhadani said that the percentage of liquidity held by individuals outside the banking system exceeds 85 percent, while the Central Bank estimates it at about 90 percent, attributing this to the existence of a trust gap between the citizen and the banking system, both governmental and private.
Al-Mashhadani explained in an interview with Al-Sabah that bureaucratic procedures and inflexible dealings with customers are among the reasons for citizens’ reluctance to use banks, in addition to the large number of documents and procedures that accompany deposit and withdrawal operations.
He added that the measures taken by banks during crises, particularly restricting withdrawals, reinforce depositors' fears and push them to keep their money in cash, noting that citizens want to ensure they can access their money when needed.
He explained that the banking system relies primarily on individual deposits, and therefore restricting withdrawals or the bank's inability to provide the required amounts to depositors leads to a decline in confidence in the banking sector.
Deposit Guarantee
Al-Mashhadani pointed out that the failure of some banks or their exposure to bankruptcy represents another factor that affects the confidence of depositors, calling for strengthening the role of the Central Bank in protecting the banking system and individuals’ deposits.
He called for the establishment of an effective deposit guarantee system in order to contribute to reassuring citizens and encouraging them to deposit their money, noting that the limited guarantee is not commensurate with the amount of liquidity that individuals can deposit.
He pointed out that the weakness of banking services and the imposition of commissions on some transactions represent an additional reason for citizens’ reluctance, explaining that the need to pay commissions for some services, coupled with the insufficient availability of services, reduces the attractiveness of banking transactions.
He stressed the need for a "reform revolution" in this regard, explaining that the entry of savings into banks could allow them to be reinvested in development projects and productive sectors.
Disrupted liquidity
For his part, Dr. Maitham Al-Aibi, Professor of Public Finance at Al-Mustansiriya University, believes that the high percentage of liquidity outside the banking system means that there is a weakness in individual savings within the banking system, which makes the banking system less able to inject real investment into the local economy.
Al-Aibi told Al-Sabah: “The dominance of the cash economy affects the ability of monetary and fiscal policies to manage the money supply effectively and efficiently, and the money supply becomes outside the control of the two authorities, with the resulting negative effects on inflation and government spending.”
He added that storing money at home leads to a decrease in the velocity of money circulation between individuals and businesses, which is reflected in the recovery and economic growth, and leads to a decline in private sector growth and unemployment.
High liquidity is an important indicator of the growing phenomenon of the shadow economy, indicating that this leads to the emergence of money laundering, currency trading and informal operations that deprive the treasury of significant revenues.
He stressed that the lack of trust in the state by individuals has become a major obstacle to abandoning household cash, noting that the salary crisis, the delay in its disbursement, and the ill-considered and contradictory government announcements contribute to perpetuating this behavior.
He called for strengthening confidence by not allowing banks to withhold any part of individuals’ deposits and guaranteeing those deposits, guaranteeing deposits and withdrawals in the same currency, protecting the funds of depositors and small banks, as well as promoting digital transformation in a real and effective way.
hybrid economy
In contrast, economist Ahmed Al-Ansari believes that the rise in the money supply outside the banking system is due to two reasons together, but to varying degrees. The first is a relative weakness in confidence and use of banking services, while the second is related to the hybrid nature of the Iraqi economy and the spread of cash transactions and the informal economy.
Al-Ansari explained in an interview with Al-Sabah that the high percentage of liquidity outside the banking system cannot be considered on its own as evidence of a banking confidence crisis, but rather represents an indicator of weak financial inclusion and the economy’s reliance on cash, as well as the significant delay in digital transformation.
Experts suggest that addressing the phenomenon of liquidity outside the banking system requires addressing multiple aspects, starting with restoring citizens' trust in banks, moving through improving services and reducing their cost and protecting deposits, and culminating in promoting inclusion.
Finance and digital transformation.
According to previous arguments, keeping savings outside the banking system not only means losing them from the economy, but also limits the possibility of employing them through banking channels in investment and production activity, at a time when strengthening confidence remains one of the key factors in changing individuals’ behavior towards saving and banking transactions. link
FRANK26…9-7-26…..CURRENCY DEALERS TALK
KTFA
Monday Night Video
FRANK26…9-7-26…..CURRENCY DEALERS TALK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Monday Night Video
FRANK26…9-7-26…..CURRENCY DEALERS TALK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Rob Cunningham: Mission Abundance
Rob Cunningham: Mission Abundance
9-7-2026
MISSION ABUNDANCE
Let’s play a game, shall we?
Let’s consider and then process a hypothetical 8 year scenario.
Rob Cunningham: Mission Abundance
9-7-2026
MISSION ABUNDANCE
Let’s play a game, shall we?
Let’s consider and then process a hypothetical 8 year scenario.
10% Real GDP growth for 8 years
2 Billion max retail XRP liquidity
Quantum computing a baseline
Energy costs 80% less
Income and property taxes gone
Universal High Income at $75k/yr
Medical costs 90% less
College education free
Interest rates 2%
Usury interest illegal
National Debt eliminated
World at peace
The Flywheel
Think of Mission Abundance as a reinforcing system rather than twelve independent assumptions.
Real Money & Assets backed 1:1 by Actual Value is not inflationary.
Capital, engineering talent, energy, materials and human lives previously consumed by godless war destruction can increasingly be directed toward creation.
MISSION ABUNDANCE isn’t simply: “Everybody gets more money.”
It is a hypothetical transition from managing scarcity to multiplying productive capacity while destroying unnecessary friction.
We the People experience it as:
More income.
More ownership.
Cheaper energy.
Cheaper healthcare.
Free education.
Cheaper productive capital.
Less debt extraction.
Extraordinary computational capability.
Far greater economic output.
Real peace.
My Invitation
Use or reject my example
Plug in your 12 variables
Question everything
Follow no one
Seek truth
Source(s):
• https://x.com/KuwlShow/status/2096627181136838785
https://dinarchronicles.com/2026/09/07/rob-cunningham-mission-abundance/