GLOBAL RESET? Gold-Backed “Unit” Tested to Challenge Dollar in BRICS Trade | Andy Schectman

GLOBAL RESET? Gold-Backed “Unit” Tested to Challenge Dollar in BRICS Trade | Andy Schectman

Liberty and Finance: 9-8-2026

Andy Schectman joins Liberty & Finance with a stark warning that global investors are increasingly losing confidence in U.S.
Treasuries while central banks continue accumulating physical gold. He argues that inflation, monetary expansion, soaring energy costs and persistent bond-market weakness are creating conditions that could drive substantially higher prices into late 2026 and 2027.

 Schectman also highlights a deeply negative one-year silver swap spread, suggesting that physical silver is becoming increasingly expensive to borrow as holders become reluctant to part with their metal.

 Meanwhile, he points to BRICS infrastructure, China’s expansion of physical gold settlement and the reported pilot use of the BRICS “Unit” to settle UAE-India oil trade without the dollar as evidence of a gradual shift toward parallel financial systems.

As the world quietly repositions around gold, silver and alternative settlement mechanisms, Schectman says investors need to look beyond short-term price movements and recognize the much larger monetary transformation underway.

INTERVIEW TIMELINE:

0:00 Intro

1:40 Counterintuitive gold market

18:30 Dollar destruction

24:50 Diesel price shock

35:45 BRICS Unit

https://www.youtube.com/watch?v=Qkp0rFcQp2Y

Wed. Iraq News Posted by Tishwash at TNT 9-9-2026

TNT:

Tishwash:  With an increase of one ton, Iraq strengthens its gold reserves and continues its global progress.

Data from the World Gold Council for August 2026 showed that Iraq maintained its position among the world's largest gold holders, with an increase in its holdings compared to its last data.

According to data seen by Shafaq News Agency, Iraq’s gold reserves amounted to 175.6 tons, ranking it 28th globally, with gold constituting about 24.8% of its total reserves. The latest data for Iraq dates back to May 2026.

Compared to previous data, Iraq’s holdings increased from 174.6 tons to 175.6 tons, an increase of one ton.

Iraq comes in third place in the Arab world in terms of gold holdings, after Saudi Arabia, which has 323.1 tons, and Algeria, with 173.6 tons.

Globally, the United States topped the list with reserves of 8,133.5 tons, followed by Germany with 3,349.5 tons, then the International Monetary Fund with 2,814 tons, Italy with 2,451.8 tons, and France with 2,437 tons.  link'

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Tishwash:  Baghdad and Erbil on the table for a decisive meeting... Kurdistan delegation aims to resolve the oil, salaries, and budget issues by 2027

On Tuesday (September 8, 2026), Wafa Muhammad Karim, a member of the Kurdistan Democratic Party, revealed details of a visit by a high-level delegation from the Kurdistan Regional Government to Baghdad, indicating that the visit aimed to hold comprehensive talks to resolve the issues of the budget, oil, and salaries.

Karim told Baghdad Today that the delegation will primarily discuss reaching understandings regarding the 2027 federal general budget law, securing financial allocations for the salaries of the region's employees, as well as Kurdistan's share of investment projects and the operational budget. 

He explained that the talks will also address the draft oil and gas law and the outstanding issues between the two sides, stressing that "the goal is to move from the stage of managing disputes to finding legal, technical and sustainable solutions under the umbrella of the constitution."

Karim added that the regional government views the 2027 budget discussions as a real opportunity to address the accumulated issues in order to prevent a recurrence of financial crises, indicating that the delegation seeks to bring viewpoints closer and reach practical agreements that guarantee the stability of the financial and oil relationship between Baghdad and Erbil  link

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Tishwash:  After two decades of stagnation, the oil and gas law has a chance to be resolved.

 Parliamentary assurances to proceed with the enactment of the oil and gas law during the current session have clearly expanded, coinciding with the inclusion of the file among the priorities of the legislative and executive authorities, and the existence of serious political intentions to end the disputes that have hindered its legislation since 2007, thus opening the door to regulating the management of oil wealth, defining powers and obligations, and controlling production, sale, and export operations.

These assurances come after the “Coalition for State Administration,” during its last meeting, stressed the need to discuss a draft version of the Oil and Gas Law in preparation for sending it to the House of Representatives, in a step that brings the law back to the forefront of legislative work after years of disruption, amid hopes that its approval will contribute to addressing the existing problems between the federal government, the Kurdistan Region and the producing governorates, and end the multiplicity of interpretations in managing the oil sector.

Parliamentary efforts

Zainab Al-Tamimi, a member of the Parliamentary Oil, Gas and Natural Resources Committee, told Al-Sabah: “The Speaker of Parliament, the head of the committee and its members give great importance to the oil and gas law,” indicating that “the previous session witnessed serious work to finalize the law, but it did not reach the expected result.”

She added that “the representatives of the current session, especially the representatives of Basra Governorate, emphasize the need to finalize the law during this session,” noting that there are “real and serious intentions to proceed with its legislation, as the law topped the list of the main topics discussed by the Oil and Gas Committee during its meetings.”

Al-Tamimi expressed her hope that “the law will see the light during the current session,” stressing that it “will address a number of obstacles and problems facing the oil sector, and provide a clear legal framework to regulate its work in general.”

Two decades of disruption

For his part, committee member MP Banas Al-Douski told Al-Sabah: “The oil and gas law should have been discussed and legislated since 2007, due to its importance in defining the rights, duties, obligations and general powers in the oil sector.”

He explained that "the Iraqi oil sector is facing a state of stagnation due to the absence of a federal law regulating its work, at a time when the old frameworks are no longer able to keep pace with the developments witnessed by the sector," noting that "the continued absence of the law has contributed to the exacerbation of a number of failures." 

"And the existing problems." Al-Douski stressed that "the current stage requires a genuine political will to enact the law, now that Iraq needs a federal framework that regulates the management of oil wealth and oil sales and export operations, and clearly defines the responsibilities and powers of the concerned parties."

Adel Al-Mahalawi, a member of the “Progress” bloc, had previously confirmed to Al-Sabah that there was a political agreement among the majority of blocs to proceed with the oil and gas law and put it on the table of the House of Representatives, as it is one of the most prominent economic legislations related to managing national wealth and regulating the relationship between the federal government and the producing governorates.

Al-Mahalawi pointed to “Prime Minister Ali Al-Zaidi’s readiness to cooperate with the House of Representatives in finalizing important legislation,” explaining that “the Oil and Gas Law is at the forefront of the package of economic and service laws that are expected to be worked on in coordination between the two authorities, given its importance in expanding the role of the governorates, regulating powers, and ending the disputes that have delayed its approval throughout the past years.”

Expert opinions

Economic expert Dr. Nabil Al-Abadi told Al-Sabah newspaper: “The oil and gas law is not just a passing piece of legislation, but rather the cornerstone for restructuring the Iraqi economy, which depends on oil revenues for up to 90% of its income.” He explained that “the obstruction of this law for years, since 2005, due to political disputes and the prioritization of narrow interests, has cost the public treasury enormous losses and kept the country in a state of…” 

“From financial instability.” He explained that “the enactment of this law will establish a clear and transparent legal framework to regulate the management of national wealth, which will enhance the confidence of international investors and open the door to major investment inflows that will increase production and boost the flow of hard currency to the Central Bank, directly supporting the dinar’s exchange rate.” He emphasized that “this law will end the state of conflicting constitutional interpretations and reliance on temporary understandings, and will establish fair mechanisms for distributing revenues between the federal government and the producing regions and governorates, thus preventing the duplication of oil policies and protecting the unity of national wealth.” Regarding the contentious clauses, Al-Abadi believes that “the optimal solution lies in adopting a consensus-based formulation that guarantees the producing governorates greater autonomy in managing their affairs, while the sovereign decision regarding contracting and marketing remains unified with the federal government.” 

Al-Abadi added, “Continuing to obstruct this law is not a strategic choice, but rather a sacrifice of Iraq’s future for immediate political gains. It is time for political forces to overcome their differences and put the national interest above all else, as passing this law is the true gateway to economic reform and financial stability.”

Essential step

Hadi Hindas, a member of the Baghdad Economic Forum, told Al-Sabah newspaper, “Enacting the oil and gas law is a fundamental step towards regulating the Iraqi oil sector and enhancing Iraq’s ability to manage one of its most important resources according to a clear and sustainable vision.”

Hindas explained that “Iraq possesses significant oil reserves, but the current stage requires a comprehensive legal framework that clearly defines the powers and responsibilities of the entities involved in managing the oil sector and regulates the relationship between the federal government and the governments of the producing regions and governorates, thus ensuring the protection of national wealth and achieving fairness in the distribution of financial revenues.”

He added that “the oil and gas law not only addresses existing administrative and legal issues but also plays a crucial role in strengthening the investment environment, as it provides investors and international companies with a clearer and more stable vision regarding the mechanisms for operating and investing in the oil and gas sector.”

He pointed out that “the legislation contributes to laying the strategic foundations for managing oil fields, investing in associated gas, and developing infrastructure, as well as regulating production and export plans in line with Iraq’s need to increase its resources and diversify its energy sources.”

Hindas noted that “the importance of the law lies in its ability to unify the national vision for managing the oil sector, moving away from multiple interpretations, and enhancing transparency and efficiency in revenue management. Enacting the oil and gas law has become a national and economic necessity, given its direct role in regulating this vital sector, ensuring the sustainability of its resources for future generations, and supporting the economy.” The Iraqi in general.

Doubling production

For his part, Dr. Sadiq Al-Rikabi, Director of Economic Research at the Global Center for Development Studies in the United Kingdom, stressed the importance of passing the federal oil and gas law for Iraq and the national economy, especially in light of the current circumstances, indicating that Iraq needs to double its oil production to higher levels to absorb the shock of declining revenues and compensate for it in the future.

Al-Rikabi explained that increasing production requires, first and foremost, a stable and clear legislative environment, which can be provided by the Oil and Gas Law through the creation of a legal and institutional framework that regulates the management of the sector and contributes to ending the disputes between Baghdad and Erbil, thus enabling an increase in oil wealth and the exploitation and management of oil and gas fields, as well as defining the responsibilities of each party and putting an end to the disputes related to some constitutional articles and financial disputes that have contributed to disrupting the movement of production and the work of companies.

Al-Rikabi pointed out that the repercussions of the disputes witnessed in the past period were reflected in the investment environment, and led some companies to avoid going to the Kurdistan Region or increasing their investments in it, stressing that the absence of legislation increases investment risks, especially for foreign companies that are looking for a stable environment with clear laws, in which contracts are strongly protected by law and decisions are more stable.

He added that the enactment of the oil and gas law would encourage global energy companies to increase their investments, whether in developing existing fields or exploring new fields, which would contribute to raising Iraq’s production capacity, which would reflect on financial stability, support the federal budget and increase its revenues, as well as enhance the national economy’s ability to cope with energy price fluctuations and political tensions.

Al-Rikabi pointed out that the existence of a clear legal framework for oil and gas can also reflect on internal political stability, by regulating the relationship between the federal government and the Kurdistan Region, and contributing to addressing many of the problems related to the region’s oil revenues, which have been a frequent cause of disputes related to the budget, its formulation, the obligations incurred by the region, and the demands of the federal government.

He concluded by saying that passing the law would represent an important step towards developing the oil and gas sector, attracting more investments to it, and increasing its production capacities, which would contribute to achieving greater political and economic stability in the country.

Legal perspective

In a related context, lawyer Talib al-Ziyadi told Al-Sabah newspaper, “The oil and gas law embodies the people’s ownership of their national resources, as affirmed by Article 111 of the Iraqi Constitution, the supreme law of the land, which stipulates that oil and gas belong to the Iraqi people in all regions and governorates.” He added, “The enactment of this law establishes a mechanism for distributing a portion of the profits generated from crude oil sales to several funds, including the Citizen’s Fund and the Reconstruction Fund, among others. It also regulates how this national wealth is held by the state and under the control of the federal government, ensuring that its revenues are distributed fairly and equitably, in proportion to the population distribution throughout the country, as indicated in Article 112 of the Iraqi Constitution.” Al-Ziyadi explained that “since the fall of the previous regime in 2003 until now, there has been injustice and unfairness inflicted on some of the oil and gas producing governorates,” noting that “the Kurdistan Region monopolizes the largest share of oil exports, in addition to receiving a share of the budget like the rest of the governorates, while Basra and other oil-producing governorates produce a large percentage of the oil and gas in Iraq,” as he put it.

He stressed that “the enactment of the law will place the management of this wealth exclusively in the hands of the federal government, and will ensure that its revenues are distributed fairly and equitably according to the population census.”  link

Tishwash:  Special statement from the Central Bank regarding Al-Taif Bank deposits

 Based on the responsibility of the Central Bank of Iraq to protect the banking sector and enhance its safety and stability, the bank affirms that the rights of depositors of Al-Taif Islamic Bank are preserved, and that imposing guardianship on the bank is a preventive supervisory measure aimed at protecting depositors’ funds, preserving their rights, and ensuring the stability and continuity of banking operations in accordance with applicable regulations and instructions.

The Central Bank of Iraq, in coordination with the appointed guardian of the bank, is working to take the necessary measures to enhance its liquidity and regulate withdrawal operations and fulfill its financial obligations in a gradual and organized manner, in a way that ensures the management of these operations in accordance with the approved supervisory priorities, while giving priority to the salaries of employees deposited with the bank.

The Central Bank of Iraq assures depositors that the measures taken are within its supervisory responsibility aimed at protecting their rights and enhancing confidence in the banking sector.

The bank also calls on the public and the media to rely exclusively on data and information issued by it through its official channels, and to avoid circulating unreliable news or information.

Baghdad - Media Office

September 8, 2026  link

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Tishwash:  The Central Bank sends a message to depositors of Al-Taif Bank: Withdrawals will be gradual and organized.

On Tuesday, the Central Bank of Iraq reassured depositors of Al-Taif Islamic Bank that their financial rights are protected, stressing that imposing guardianship on the bank comes within supervisory and preventive measures aimed at protecting depositors’ funds.

The Central Bank stated in a statement received by Shafaq News Agency that "the rights of depositors of Al-Taif Islamic Bank are preserved," explaining that "imposing guardianship on the bank is a preventive supervisory measure aimed at protecting depositors' funds and preserving their rights, and ensuring the stability and continuity of banking operations in accordance with applicable regulations and instructions."

He added that "the bank is working in coordination with the appointed trustee to take the necessary measures to enhance its liquidity and regulate withdrawal operations and fulfill its financial obligations in a gradual and organized manner, in a way that ensures these operations are managed in accordance with the approved supervisory priorities."

He pointed out that the procedures will prioritize the salaries of employees whose accounts are held at the bank, within a plan to regulate withdrawal operations and fulfill financial obligations, stressing that the measures taken come within the framework of his supervisory responsibility aimed at protecting the rights of depositors and enhancing confidence in the banking sector.

It is worth noting that Al-Taif Islamic Bank announced last Sunday that it would soon hand over the funds of its depositors, after the Central Bank of Iraq began taking over its administration.

A number of depositors demonstrated in front of Al-Taif Islamic Bank in the Karrada district of Baghdad on Sunday to protest the freezing of banking services and the suspension of withdrawal and deposit operations, following measures taken by the Central Bank of Iraq against the bank.

The Central Bank of Iraq had decided to place Al-Taif Islamic Bank for Investment and Finance under guardianship for 18 months, due to violations that it said affected the bank's financial position and depositors' funds.

 The Central Bank confirmed later yesterday that imposing guardianship does not mean the bank is bankrupt, but rather comes within precautionary supervisory measures aimed at protecting the rights of depositors, noting that depositors’ funds are protected under applicable laws and regulations.  link

FRANK26…9-8-26…..OUR ECONOMIST

KTFA

Tuesday Night Video

FRANK26…9-8-26…..OUR ECONOMIST

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#

(Pink suit ?)

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=c8knmWmAL_0

‍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.

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.

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

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

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.

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 

https://cbi.iq/news/view/331

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.

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

https://rumble.com/user/theoriginalmarkz

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 )https://www.youtube.com/watch?v=37oILmAlptM

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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

Youtube:     https://www.youtube.com/watch?v=2OWWqulPlEo

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

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.

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

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

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

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.

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

1. Reuters — The yen's sudden surge is upsetting the carry trade faithful

2. Reuters — Japan, US remain aligned on FX policy to foster stable markets, Katayama says

~~~~~~~~~~

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Thank you Dinar Recaps

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.

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

https://www.youtube.com/watch?v=Zvy9QNnKKV0