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Iraq Economic News and Points To Ponder Tuesday Afternoon 8-12-25

Central Bank: 80% Of Currency Stored In Homes, 10 Banks Liquidated

Time: 2025/08/12 12:50:23 Read: 1,170 times  {Economic: Al Furat News} The Governor of the Central Bank of Iraq, Ali Al-Alaq, stressed that the Banking Reform Document (2025) represents a strategic step to enhance confidence in the Iraqi banking system and address shortcomings.  Al-Alaq pointed out in a press statement that "about (80%) of the Iraqi currency is stored outside banks in homes due to the lack of confidence in the banking system."

Central Bank: 80% Of Currency Stored In Homes, 10 Banks Liquidated

Time: 2025/08/12 12:50:23 Read: 1,170 times  {Economic: Al Furat News} The Governor of the Central Bank of Iraq, Ali Al-Alaq, stressed that the Banking Reform Document (2025) represents a strategic step to enhance confidence in the Iraqi banking system and address shortcomings.  Al-Alaq pointed out in a press statement that "about (80%) of the Iraqi currency is stored outside banks in homes due to the lack of confidence in the banking system."

Al-Alaq explained that "the reform document aims to modernize banks according to international standards and attract global partnerships."

He revealed that only (10%) of the banks expressed reservations about the plan, while there are (10) banks under liquidation due to their inability to return customer deposits.  LINK

High Exchange Rate In Baghdad

Economy | 12/08/2025  Mawazine News - Baghdad -  Exchange rates against the Iraqi dinar witnessed a significant increase on Tuesday in local markets in Baghdad.  The prices were as follows:
- Selling: 141,500 Iraqi dinars for every $100. - Buying: 139,500 Iraqi dinars for every $100.
https://www.mawazin.net/Details.aspx?jimare=264941

Al-Alaq: The Reform Plan Aims To Stabilize The Iraqi Banking Sector And Enhance Local And International Confidence In It

Tuesday, August 12, 2025 | Economic Number of reads: 191  Baghdad / NINA / The Governor of the Central Bank, Ali Al-Alaq, stressed: "The banking reform plan aims to stabilize the Iraqi banking sector and enhance local and international confidence in it.

A statement by the Central Bank's media office said: "Al-Alaq and the specialized team held a meeting with Oliver Wyman to discuss what was stated in the letter of the Iraqi Private Banks Association regarding the banking reform plan."

Al-Alaq confirmed, according to the statement: "The Central Bank completed an extensive discussion in which the attendees expressed their understanding of the axes mentioned in the letter and ways to adapt some provisions of the plan flexibly to facilitate implementation steps.

The company began studying the available means to present the best proposals and ideas in this regard as soon as possible."

He pointed out: "The goal of what was stated in the plan is to reach a real project in building and stabilizing the banking sector to operate safely and effectively in accordance with international practices and standards and local laws, in order to enhance governance, compliance, and risk management, to transition banks to an economic role that enhances the development process and provides services with the highest degrees of efficiency and effectiveness and the use of best practices and modern technologies."

He stressed: "The plan will enhance local and international confidence in the Iraqi banking sector, especially since implementing the plan and adhering to its provisions will lead to restoring the relationships of all banks that meet the plan's requirements with internationally accredited correspondent banks, especially banks that do not currently have international banking relationships."   https://ninanews.com/Website/News/Details?Key=1246080

The Central Bank Unveils A Comprehensive Plan For Banking Reform

Economy | 12/08/2025   Mawazine News - Baghdad -  The Governor of the Central Bank, Ali Al-Allaq, announced a comprehensive plan for banking reform on Tuesday.

A statement issued by the bank stated that "the Governor of the Central Bank of Iraq, Ali Mohsen Al-Allaq, and the specialized team held a meeting with Oliver Wyman to discuss what was stated in the letter of the Iraqi Private Banks Association regarding the banking reform plan."

The statement added that Al-Allaq confirmed that "the Central Bank completed an extensive discussion in which the attendees expressed understanding of the axes mentioned in the letter and ways to adapt some provisions of the plan flexibly to facilitate implementation steps. The company has begun studying available means to present the best proposals and ideas in this regard as soon as possible."

The statement stressed that "the Central Bank, as announced during the months-long plan preparation period, the goal of what was stated in the plan is to achieve a real project to build and stabilize the banking sector to operate safely and effectively in accordance with international practices and standards and local laws, in order to enhance governance, compliance, and risk management, to transition banks to an economic role that enhances the development process and provides services with the highest levels of efficiency and effectiveness, using the best practices and modern technologies."

He continued, "The Central Bank affirms that the plan will enhance local and international confidence in the Iraqi banking sector, especially since implementing the plan and adhering to its provisions will lead to restoring the relationships of all banks that meet the plan's requirements with internationally accredited correspondent banks, especially banks that do not currently have international banking relationships."

According to the statement, the Central Bank thanked all banks for their interaction with the plan and their fruitful cooperation with the Central Bank to achieve common goals serving the public interest, stressing that "the success of the plan depends on the cooperation of all concerned parties."

He pointed out that "the bank has succeeded in many aspects during the past period and hopes to succeed in moving forward with this plan and completing it to the fullest extent." https://www.mawazin.net/Details.aspx?jimare=264969

Gold Prices In Local Markets

Tuesday, August 12, 2025 | Economic Number of reads: 173   Baghdad / NINA / Gold prices in the local markets in Iraq recorded a remarkable stability today, Tuesday, coinciding with the global gold ounce recording $3,354.  The following are the selling prices of mithqals in the local market:

21-carat mithqal: 662 thousand dinars.
18-carat mithqal: 567 thousand dinars.
22-carat mithqal: 693 thousand dinars.
24-carat mithqal: 756 thousand dinars. / https://ninanews.com/Website/News/Details?key=1246021

Basra Heavy and Medium Crude Oil Declines by About 2%

Economy | 12/08/2025  Mawazine News - Baghdad -  Basra Heavy and Medium crude oil prices fell in trading on Tuesday.   Prices were as follows:

- Basra Heavy crude prices fell 87 cents, or 1.33%, to $64.73.
- Basra Medium crude prices fell 87 cents, or 1.26%, to $67.98. https://www.mawazin.net/Details.aspx?jimare=264936

 

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

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3 Tools the Wealthiest Americans Use To Safeguard Their Generational Wealth

3 Tools the Wealthiest Americans Use To Safeguard Their Generational Wealth

Laura Bogart  Tue, August 12, 2025  GOBankingRates

When you imagine the wealthiest people you know — whether in real life or on the covers of magazines — you know that hard work or good luck (or a combination of both) likely played a role in building their fortunes. But keeping that wealth intact for decades — and ensuring it benefits future generations — takes deliberate planning and the right financial tools.

And because you’re putting nose to the grindstone to grow and protect your own wealth, you know that building a legacy of financial security also involves a lot of effort. Still, you might not be sure exactly how the wealthy safeguard what they have worked so hard to build.

3 Tools the Wealthiest Americans Use To Safeguard Their Generational Wealth

Laura Bogart  Tue, August 12, 2025  GOBankingRates

When you imagine the wealthiest people you know — whether in real life or on the covers of magazines — you know that hard work or good luck (or a combination of both) likely played a role in building their fortunes. But keeping that wealth intact for decades — and ensuring it benefits future generations — takes deliberate planning and the right financial tools.

And because you’re putting nose to the grindstone to grow and protect your own wealth, you know that building a legacy of financial security also involves a lot of effort. Still, you might not be sure exactly how the wealthy safeguard what they have worked so hard to build.

To preserve what they have built and ensure it is available for future generations, high-net-worth individuals turn to a variety of tools, products and strategies — many of which could also help everyday people like you grow and protect your own wealth.

As you see what the experts GOBankingRates spoke with shared, you will realize that the resources you need to reach these goals aren’t so challenging to find.

Diversification

For Lukendric A. Washington, JD, LLM, CFP, RICP, CEO of Manifest Wealth Management, the question of how wealthy people safeguard their wealth has one very clear answer — diversification. He wants clients to make sure their wealth isn’t bottled up in one kind of asset, because if that asset performs poorly, well, the bottle can break, and with it, their nest egg.

“In their investment portfolios they likely have a mixture of several, if not all, asset classes,” he said. “Beyond the typical investment options, there are private equity options, which can be riskier and less liquid, but can also reduce the risk that one event or one bad investment will destroy their entire portfolio.”

The wealthy and wise spread their assets across different categories to mitigate the risks that can come with having too much exposure to a single investment. Smart diversification can happen across industries (for example, having a portfolio with investments in different sectors) or by including alternative investments such as precious metals, real estate or even fine art.

Life Insurance

 

TO READ MORE:  https://www.yahoo.com/finance/news/3-tools-wealthiest-americans-safeguard-141809253.html

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The Final Reset is Here! Gold & Silver Prices Will Soar DRAMATICALLY Soon - Chris Vermeulen

The Final Reset is Here! Gold & Silver Prices Will Soar DRAMATICALLY Soon - Chris Vermeulen

Money Sense:  8-12-2025

Chris Vermeulen views the current gold setup as resembling 2007. Back then, stocks reached a marginal new high, while gold quietly began to outperform.

When equities rolled over, gold surged—first clearing a 20% target, then stretching to a 37% rally before cooling off. Over the past two decades, gold has returned 616% compared to the S&P 500’s 421%.

That’s not a minor gap—it suggests a more profound shift in market leadership. Today, Vermeulen sees a bull flag pattern forming in gold, with an initial target of $3,700 and a secondary target of $4,100.

The Final Reset is Here! Gold & Silver Prices Will Soar DRAMATICALLY Soon - Chris Vermeulen

Money Sense:  8-12-2025

Chris Vermeulen views the current gold setup as resembling 2007. Back then, stocks reached a marginal new high, while gold quietly began to outperform.

When equities rolled over, gold surged—first clearing a 20% target, then stretching to a 37% rally before cooling off. Over the past two decades, gold has returned 616% compared to the S&P 500’s 421%.

That’s not a minor gap—it suggests a more profound shift in market leadership. Today, Vermeulen sees a bull flag pattern forming in gold, with an initial target of $3,700 and a secondary target of $4,100.

And unlike the five-month run in 2007, he thinks this move could play out in just two to three months. Once it breaks, he expects momentum to feed on itself—emotional buying, crowded trades, and acceleration.

In the short term, gold has taken a hit. It’s posted its sharpest drop in three months as traders dial back bets on a bullion import tariff and optimism over a potential Ukraine–Russia ceasefire trims safe-haven demand.

That followed a brief rally on Friday, which fizzled when the Trump administration left its tariff stance unclear. Vermeulen notes that the “smart money” often moves into miners first. Gold producers are inherently leveraged—a 1% rise in gold can boost profits by 5–8%, and individual mining stocks can swing 20–30% in a single day.

 The current market is proving the point. GDX just recorded its best quarter ever, fueled by record gold prices in Q2 2025. In the last three sessions alone, gold stocks rose 4.7%, 2.8%, and 1.6%, while gold itself barely budged.

 That’s 33.7x upside leverage—precisely the kind of outperformance that has historically signaled the early stages of a significant gold run. Silver’s rally just hit a pause, but the broader trend still looks bullish.

Chris Vermeulen notes that silver’s price action is far noisier than gold’s. It’s prone to sharp swings — 10% or even 20% pullbacks are normal — so the only way to catch the real move is to take a position and sit through the turbulence.

This week, silver ran into selling pressure near $38.10, snapping a six-day winning streak during Asian trading on Monday. The metal opened last week at $36.96 and closed at $38.26, up nearly 3% and holding close to its highest levels in 13 years.

 The larger trend, Vermeulen says, is still intact: higher highs and higher lows. If gold breaks out, silver will likely follow. The next technical target is around $40.80. Even so, gold’s chart is cleaner, with more upside potential — roughly 18% versus silver’s 6%, unless silver overshoots its current range.

 That makes gold the higher-probability trade for now. Silver slightly outperformed gold last week — gold was up about 1% — but gold stole the spotlight after spiking to $3,534 per ounce on news that the United States planned to impose tariffs on imported gold bars, shaking up the market.

https://www.youtube.com/watch?v=Li3eDio3l74

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Gold Revaluation Is The Only Option | Andy Schectman

Gold Revaluation Is The Only Option | Andy Schectman

Liberty and Finance:  8-11-2025

Andy Schectman explains that gold revaluation is no longer a fringe theory. He points out that central banks around the world, pressured by unsustainable debt levels, begin to seriously consider revaluing their gold reserves as a monetary strategy.

Analysts like Michael Hartnett and Francisco Blanche from Bank of America support this view, describing gold as a rising key asset rather than a “barbarous relic.”

Schectman argues that revaluing gold could serve as a soft default on the dollar and help the U.S. fund government spending without issuing more debt.

Gold Revaluation Is The Only Option | Andy Schectman

Liberty and Finance:  8-11-2025

Andy Schectman explains that gold revaluation is no longer a fringe theory. He points out that central banks around the world, pressured by unsustainable debt levels, begin to seriously consider revaluing their gold reserves as a monetary strategy.

Analysts like Michael Hartnett and Francisco Blanche from Bank of America support this view, describing gold as a rising key asset rather than a “barbarous relic.”

Schectman argues that revaluing gold could serve as a soft default on the dollar and help the U.S. fund government spending without issuing more debt.

He believes a significant revaluation—potentially to $10,000 or even $24,000 per ounce—is increasingly likely and may be one of the few remaining tools to stabilize the financial system.

INTERVIEW TIMELINE:

0:00 Intro

 2:00 Margin debt

 19:25 Gold scams

https://www.youtube.com/watch?v=kJ97_cM-fXU

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The Debt Problem Was Actually Scarier In The 90’s Here’s How They Solved It Podcast

The Debt Problem Was Actually Scarier In The 90s. Here’s How They Solved It. Podcast

Notes From the Field By James Hickman (Simon Black )  August 12, 2025

I was still just a kid as the US headed into the 1992 US Presidential election, but I remember the excitement around my home town as Ross Perot entered the race as an independent candidate.

Perot was from Dallas, where I grew up. And he was one of the first tech billionaires, long before the dot-com boom.  Like Elon today, Perot knew that America was heading down a dangerous fiscal path. At the time, the US government was spending about 28% of its annual tax revenue just to pay interest on the national debt.

The Debt Problem Was Actually Scarier In The 90s. Here’s How They Solved It. Podcast

Notes From the Field By James Hickman (Simon Black )  August 12, 2025

I was still just a kid as the US headed into the 1992 US Presidential election, but I remember the excitement around my home town as Ross Perot entered the race as an independent candidate.

Perot was from Dallas, where I grew up. And he was one of the first tech billionaires, long before the dot-com boom.  Like Elon today, Perot knew that America was heading down a dangerous fiscal path. At the time, the US government was spending about 28% of its annual tax revenue just to pay interest on the national debt.

It wasn't because the debt was so vast. Actually back then it was just a fraction of today's debt.

The real problem was that sky-high interest rates from the 1980s (15%+) had pushed the government's borrowing costs and annual interest bill to the moon.

So Ross Perot decided to run for President under a promise to fix the deficit.

Few people understood anything about the deficit back then. So Perot used his vast fortune to buy TV time where he would explain the problem in hour-long presentations. I remember  learning things from him that I'd never even heard about before-- Treasury markets, bond yields, government accounting, mandatory spending, and more.

Perot single-handedly dragged America's deficit issue to the front page and started a national conversation; so even though Bill Clinton ultimately won the election, Perot succeeded in making deficit reduction a top priority.

It was interesting times politically. Clinton was rocked by scandals, impeached, and deeply hated by the other party... quite similar to the situation today. They didn't have social media back then, but 'talk radio' pundits raged 24/7 with the same ferocity of today's Twitter mob.

Yet even with such conflict and division, Congress and the White House managed to work it out. And over the next decade, interest costs fell from 28% of tax revenue down to 18%. And by the end of the 1990s the government was posting strong budget surpluses.

How did they do it? It wasn't rocket science or black magic. They simply took a common sense approach to spending-- they held spending increases to minimal levels, all while tax revenue soared thanks to a tech-fueled economic bonanza.

Over the ten-year period between 1991 and 2000, government expenditures only rose by 35%. Adjusted for inflation that's just 5.5% over the entire decade.

Meanwhile tax revenue nearly doubled over the same period. Poof. Problem solved. And America stormed into the 21st century with a record budget surplus, and its interest costs and national debt under control.

Could this happen today? Maybe. There are a lot of similarities. The US government currently pays roughly 22% of tax revenue just to cover the annual interest bill on the national debt, and this amount is growing rapidly. Not to mention, interest costs plus mandatory entitlements (like Social Security and Medicare) already consume 100% of tax revenue.

If they don't solve this problem, America is going to be looking at a major fiscal crisis in the coming years.

Unfortunately few people in power seem to be taking this seriously. The White House is far more focused on tariffs and trade rather than the obvious problem-- excessive spending. And when it comes to deficit reduction, their approach is to seize control of the Fed to push through interest rate cuts.

Congress, meanwhile, seems completely oblivious to the problem.

One of my major concerns is that American voters tend to oscillate from one side to another. So if the guys in power now don't solve this problem now, voters could swing hard to the Left in 2028, quite possibly to a card-carrying socialist.

There are certainly a lot of socialists emerging in American politics. And they all see deficits as a "revenue problem" and believe that higher taxes will fix every challenge.

Well, we did the math in today's podcast: "taxing the rich" won't make a dent in the deficit problem. Neither will wealth taxes, or any of the other idiotic proposals that socialists come up with.

The only way to fix this is to cut spending... and to spend the money much more responsibly.

Fingers crossed that they see the light. And soon. But I wouldn't hold my breath just yet on major fiscal reform... which is why it's so critical to have a Plan B.

Listen in to today's podcast, in which we cover:

  • The 70% tax rate fantasy – Even taxing every dollar over $10 million at 70% doesn’t cover a single year’s interest on the debt.

  • Why huge new taxes barely move the needle – A wealth tax might grab $200–250B upfront, then $60–100B/year. Yet the debt is growing by trillions annually.

  • Behavior matters – People restructure income, delay gains, and move capital. The socialists' 'wealth tax' projections will never match reality.

  • Their entire philosophy is to treat the private sector like an ATM while refusing to cut a cent of waste.

  • The problem with the socialists who want to "seize the means of production" is that they've never produced anything!

  • The spending problem – The top 2% already paid ~$1 trillion in taxes in 2021 (28% effective rate on $3.5T income).

  • Since July 4th, the US has added nearly $800 billion to the debt— about $500B of it brand-new spending.

  • The real “third side” of the coin – It’s not just a revenue problem or a spending problem—it’s decades of baked-in waste, fraud, and mismanagement in federal budgets.

  • Zero-base budgeting: A common-sense approach where agencies start at zero and justify every dollar… something almost no one in Washington is willing to consider.

  • Bond market reality check – The Fed can nudge short-term rates, but long-term rates are set by the bond market—

  • This means that political control of the Fed may not deliver the rate cuts they expect.

  • Socialist footholds in major cities – from NYC to Chicago to Seattle, socialists  are winning local races and pushing radical tax-and-spend agendas.

The bottom line:

Confiscating more from the productive economy doesn’t fix the problem; it fuels it. The only real solution starts with cutting waste and ending the government’s addiction to spending.

Until that happens, individuals need their own Plan B—whether it’s hedging against inflation with real assets, diversifying internationally, or building networks with like-minded people who see what’s coming.

That’s exactly why we built our Total Access community. Over the years, it’s become more than just an exclusive group—it’s sparked friendships, partnerships, and a global network of people who are prepared, connected, and two steps ahead. After 15+ years in this business, it’s the thing I’m most proud of.

Listen to the full breakdown here.

For the audio-only version, check out our online post here.

Finally, you can find the podcast transcript for your convenience, here.

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

https://www.schiffsovereign.com/trends/podcast-the-debt-problem-was-actually-scarier-in-the-90s-heres-how-they-solved-it-153299/?inf_contact_key=4b7a85caadcfd64048d54c60ca26ef2c6284348d8861bd17e5bddf76463f0190

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Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 8-12-25

Good Afternoon Dinar Recaps,

91% of Investors Say US Stock Market is Overvalued, According to New Bank of America Survey

A record-high 91% of fund managers now believe the U.S. stock market is overvalued, according to the latest Bank of America (BofA) survey reported by Bloomberg. This marks the highest level of market overvaluation sentiment since 2001.

Good Afternoon Dinar Recaps,

91% of Investors Say US Stock Market is Overvalued, According to New Bank of America Survey

A record-high 91% of fund managers now believe the U.S. stock market is overvalued, according to the latest Bank of America (BofA) survey reported by Bloomberg. This marks the highest level of market overvaluation sentiment since 2001.

Key Findings from the Survey:

  • Record pessimism on U.S. equities: 91% of respondents think U.S. stocks are overpriced.

  • Shift toward foreign markets: Investor allocations to overseas markets have reached their highest levels since February, signaling a sentiment shift away from U.S. equities.

  • Bubble risk warning: BofA strategist Michael Hartnett cautions that the recent rally could turn into a bubble, as cash levels have fallen to 3.9% of total assets — a historical signal of an impending sell-off.

  • Emerging market optimism: A net 49% see emerging market (EM) stocks as undervalued, the highest level of EM optimism since February 2024.

Most Crowded Trades Identified:

  • Long positions in the Magnificent 7 tech stocks

  • Short the U.S. dollar

  • Long gold

Top Tail Risks Cited by Investors:

  • Trade war–induced recession

  • Persistent inflation preventing Federal Reserve rate cuts

  • Disorderly rise in bond yields

  • AI-driven equity bubble

  • U.S. dollar debasement

 @ Newshounds News™

Source: 
The Daily Hodl

~~~~~~~~~

Death of the US Dollar Has Begun With BRICS Rebellion, Says Forecaster

American trend forecaster Gerald Celente warns that the BRICS alliance is poised to put the US dollar “on its death bed,” as member nations grow increasingly self-sufficient and independent from USD reliance.

In a podcast interview with journalist Rick Sanchez, Celente highlighted that China and India now possess robust economies capable of thriving without the dollar.

  • China dominates global manufacturing, supplying the US and Western nations with essential goods.

  • Russia, despite sanctions, is expected to see GDP growth of 1.4% in FY 2024–25.

  • India is increasingly self-sustained through domestic manufacturing and job creation, with only 2% of its GDP tied to trade with the United States.

Celente emphasized that recent US tariffs on India, imposed by President Donald Trump, are unlikely to significantly impact India’s economy. “They’re becoming more self-sustaining and self-sufficient. They’re buying and making their own products, and the people are buying them there. That’s what used to be in America,” he said.

A Growing Economic Force

BRICS is now positioned as a collective financial powerhouse capable of shifting global market trends and policy directions. Should the bloc stop using the US dollar in trade, the resulting deficit could further weaken the currency.

“The world has had enough of the United States’ hegemony. The world is becoming fed up,” Celente stated, noting that China, once lacking heavy industry and high-tech capabilities, is now a leader in both — including the production of electric vehicles.

Celente concludes that this self-sufficiency is accelerating the dollar’s decline and solidifying BRICS’ role in the next phase of global economic realignment.

@ Newshounds News™
Source:  
Watcher Guru

~~~~~~~~~

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Dr. Scott Young: Confusion on What the Gold Back Standard means to the US Dollar

Dr. Scott Young: Confusion on What the Gold Back Standard means to the US Dollar

8-11-2025

The idea of a gold-backed dollar isn’t just a historical footnote; it’s a recurring topic of debate, particularly in times of economic uncertainty and inflation.

 Proponents argue it’s a path to stability and fiscal discipline, while critics warn of its inflexibility in modern economies. But what exactly would a return to a gold standard entail, and how would it impact your money?

Let’s break down some of the most pressing questions surrounding a gold-backed dollar.

Dr. Scott Young: Confusion on What the Gold Back Standard means to the US Dollar

8-11-2025

The idea of a gold-backed dollar isn’t just a historical footnote; it’s a recurring topic of debate, particularly in times of economic uncertainty and inflation.

 Proponents argue it’s a path to stability and fiscal discipline, while critics warn of its inflexibility in modern economies. But what exactly would a return to a gold standard entail, and how would it impact your money?

Let’s break down some of the most pressing questions surrounding a gold-backed dollar.

Currently, the U.S. dollar operates as a fiat currency. Its value is not tied to a physical commodity but is instead based on the trust and confidence in the government that issues it.

gold-backed dollar, on the other hand, would mean that every dollar in circulation is redeemable for a fixed amount of gold. The government would hold a reserve of gold equal to the value of the currency it issues, theoretically preventing it from printing money without a tangible asset to back it.

No, you would not “lose” your money in the sense of it being confiscated or disappearing. If the U.S. were to return to a gold standard, existing dollars would likely be revalued or converted to reflect the new gold peg.

The intent behind such a move is to stabilize the currency and its purchasing power over time, not to devalue current holdings arbitrarily. However, a significant economic transition could lead to short-term market volatility or shifts in asset values.

A gold standard wouldn’t “replace” the dollar itself, but rather redefine its value and the rules governing its issuance. The dollar would still be the unit of currency, but its value would be fixed to a specific weight of gold (e.g., $X per ounce of gold). This link would impose a strict discipline on the money supply; the government could only print more dollars if it acquired more gold reserves. This fundamentally shifts the basis of the currency from government decree to a tangible commodity.

The concept of a gold standard has garnered attention from various political figures, including President Donald Trump. While he has not explicitly endorsed a full return to a classical gold standard, members of his past administration and advisors have publicly discussed its merits and the potential for integrating elements of hard asset backing into the monetary system.

This indicates an awareness and discussion of the topic within high-level political circles.

Under a classical gold standard, the Federal Reserve’s role would be drastically curtailed. The Fed’s primary function currently is to manage the nation’s money supply and influence interest rates to achieve economic stability, full employment, and moderate inflation.

With a gold standard, monetary policy would become largely automatic and non-discretionary. The supply of money would be determined by the amount of gold reserves, effectively removing the Fed’s ability to engage in quantitative easing, set interest rates freely, or stimulate the economy by printing money. Proponents see this limitation as a “fix” that prevents inflation and government overspending.

A decrease in the value or purchasing power of the dollar is, by definition, inflation. When the dollar buys less goods and services, prices for those goods and services rise. This is the core mechanism of inflation – too much money (or money that has lost value) chasing too few goods.

Historically, and under a classical gold standard, the U.S. Treasury (representing the executive branch of the government) would likely be the primary custodian of the gold reserves and responsible for issuing the currency.

The Federal Reserve’s role would be significantly diminished, potentially becoming more of a regulatory body ensuring the fixed gold-dollar exchange rate is maintained, rather than an independent central bank setting monetary policy. This would represent a considerable shift of power from the Fed back to the elected government.

A return to a gold-backed dollar is a complex proposition with profound implications for the economy, government, and individual finances. It promises stability and limits on government spending, but at the cost of monetary policy flexibility needed to navigate economic downturns.

For a deeper dive into these intricate details and further insights, watch the full video from Dr. Scott Young for further insights and information.

https://youtu.be/2yferWht7ms

https://dinarchronicles.com/2025/08/12/dr-scott-young-confusion-on-what-the-gold-back-standard-means-to-the-us-dollar/

 

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Gold Revaluation Overnight? Why It Could Happen Under Trump | Piepenburg & Makori

Gold Revaluation Overnight? Why It Could Happen Under Trump | Piepenburg & Makori

Miles Franklin Metals:  8-11-2025

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Matthew Piepenburg, Partner at VON GREYERZ, about whether the U.S. could be on the verge of a gold revaluation and why it could happen under a Trump administration.

The two break down the Federal Reserve’s “quiet confession” about America’s debt crisis and fading trust in the U.S. dollar.

Gold Revaluation Overnight? Why It Could Happen Under Trump | Piepenburg & Makori

Miles Franklin Metals:  8-11-2025

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Matthew Piepenburg, Partner at VON GREYERZ, about whether the U.S. could be on the verge of a gold revaluation and why it could happen under a Trump administration.

The two break down the Federal Reserve’s “quiet confession” about America’s debt crisis and fading trust in the U.S. dollar.

Piepenburg and Makori explore the deeper implications of this potential gold revaluation, why it’s a symptom of systemic desperation, and how this ties into a looming monetary reset.

They also dive into the Genius Act, backdoors to CBDCs, BRICS and de-dollarization. In this interview:

  • The Fed’s new paper detailing how nations have revalued gold reserves

  • Lessons from FDR’s 1933 gold confiscation and Nixon’s 1971 shock

  • Why debt desperation may leave no option but to revalue gold

  • What a gold reset would mean for the dollar, debt, and global markets

  • The triple crisis: stocks, sovereign debt, and fiat currencies collapsing together

Is this the start of a new Bretton Woods moment or a last-ditch move to save the dollar?

00:00 Coming Up

01:29 Introduction: US National Debt and Gold's Rising Value

02:19 Federal Reserve's Research on Gold Revaluation

05:12 Expert Analysis with Matthew Piepenburg

06:38 Global Economic and Political Landscape

 18:36 Tariffs and US Economic Strategy

28:58 Gold Revaluation: A Desperate Measure?

38:38 Mainstream Acceptance of Gold Revaluation

42:03 Trump Administration's Gold Revaluation Plans?

46:33 The Debate on Gold Revaluation

48:31 US Dollar's Decline and Global Reactions

52:47 Geopolitical Tensions and Economic Strategies

01:02:35 Potential Outcomes and Global Reset

 01:21:04 Central Bank Digital Currencies: Control and Concerns

01:23:19 Stablecoins: The Gateway to CBDCs?

01:33:11 The Debate on Bitcoin and Gold

 01:40:30 Existential Threats to Bitcoin and Gold

01:48:31 Protecting Wealth

01:54:45 Final Thoughts

https://www.youtube.com/watch?v=2piy4W2BF6I

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Tuesday 8-12-2025

TNT:

Tishwash:  Karmal partners with ZagTrader for Electronic Trading in Iraq

Karmal Brokerage has secured approval from the Iraq Stock Exchange (ISX) to launch a comprehensive digital transformation project in preparation for operations on the "Tabadul" electronic trading platform.

According to a press release, the initiative, the first of its kind in Iraq's financial market, supports the government's vision to enhance transparency and modernise trading infrastructure in line with international best practices.

TNT:

Tishwash:  Karmal partners with ZagTrader for Electronic Trading in Iraq

Karmal Brokerage has secured approval from the Iraq Stock Exchange (ISX) to launch a comprehensive digital transformation project in preparation for operations on the "Tabadul" electronic trading platform.

According to a press release, the initiative, the first of its kind in Iraq's financial market, supports the government's vision to enhance transparency and modernise trading infrastructure in line with international best practices.

Karmal will deploy the global ZagTrader platform to manage its front, middle, and back-office operations, integrate AI technologies, and implement anti-money-laundering (AML) and E-KYC procedures. The system will provide a secure, efficient, and fully integrated trading environment.

CEO Waseem Al-Jazrawi said the project will boost investor confidence and strengthen Iraq's financial market both regionally and internationally, praising the support from the Iraq Stock Exchange Board of Governors and the Iraqi Securities Commission (ISC).  link

Tishwash:  Relations: 10 banks are unable to return customer deposits, and lack of confidence keeps 80% of funds outside banks.

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday (August 12, 2025), that about 80% of the Iraqi currency is stored outside banks in homes due to the lack of confidence in the banking system.

Al-Alaq explained in a press statement followed by "Baghdad Today" that "the reform document for the year (2025) aims to modernize banks according to international standards and attract global partnerships," stressing that "the banking reform document represents a strategic step to enhance confidence in the Iraqi banking system and address shortcomings."

He also revealed that only (10%) of the banks expressed reservations about the plan, while there are (10) banks under liquidation due to their inability to return customers’ deposits.    link

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

Tishwash:  Government advisor: Great stability in the Iraqi market and inflation falling to less than 3%

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that the significant positive interaction in the Iraqi market has had a significant impact on its stability, noting that this success is evident in the decline in annual inflation rates to below 3%.

Saleh told Al Furat News Agency, "This remarkable decline in annual inflation rates indicates that expectations related to the exchange rate are moving toward calm and stability."

He added, "The parallel currency exchange market has begun to clearly follow the official market, and this trend is expected to continue until the end of this year, based on current economic data."

This development, according to Saleh, reflects "an improvement in overall economic performance and the success of monetary and government policies aimed at regulating markets and achieving the desired economic stability."  link

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

Tishwash:  The Prime Minister inaugurates the Bismayah Gas Investment Plant.

Prime Minister Mohammed Shia al-Sudani inaugurated this morning, Monday, August 11, 2025, the additional expansion unit of the Bismayah Gas Investment Plant.

The Prime Minister's Media Office noted that the expansion unit will add 300 megawatts to the station's output, bringing its total capacity to 5,000 megawatts.

Bismayah Power Plant is located east of the capital, Baghdad, and operates on a combined cycle system. The plant consists of three stages, each stage consisting of six generating units, four of which are gas-fired and two steam-fired, which brings the total number of production units to 18 units (12 gas-fired units and 6 steam-fired units) with a total capacity of 4,500 megawatts  link

**

Mot:  . Lets Go ""Camping"" -- It Will Beeeeee Fun They Say!!!!

Mot:  . Now Ya Knows 2 !!!!! 

 

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Chats and Rumors, Gold and Silver Dinar Recaps 20 Chats and Rumors, Gold and Silver Dinar Recaps 20

News, Rumors and Opinions Tuesday 8-12-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 12 August 2025

Compiled Tues. 12 August 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 12 August 2025:

The MOAB (Mother Of All Bombs) is the Global Currency Reset, backed by precious metals, with ISO20022 U.S. Coins in circulation. It’s not speculation. It’s deployment.

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. 12 August 2025

Compiled Tues. 12 August 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 12 August 2025:

The MOAB (Mother Of All Bombs) is the Global Currency Reset, backed by precious metals, with ISO20022 U.S. Coins in circulation. It’s not speculation. It’s deployment.

Global Currency Reset Possible Timing:

Fri. 15 Aug. 2025: Once 90% global compliance is reached — projected by August 15 — the Emergency Broadcast System will trigger full public activation: the formal death of the Federal Reserve, SHI rollout, biometric onboarding, and liquidation of fraudulent debt. All assets will be quantum-audited; corrupt entries wiped clean.

~~~~~~~~~~~~~

Mon. 11 Aug. 2025 Capital Rewrite Field Order: …Mr. Pool on Telegram

The US Treasury, not private banks, sit at the core. IRS functions are off. ERS stands up for transition only.

What Changes For You:
• “Debt” fields in portals show fulfilled or reconciled.
• Withholding suspended, credit u***y halted.
• Rebate tokens begin dropping when biometric pairing completes.

Gold Price displays 888.88 for 60 seconds.

Two networks go dark with the same “Please Stand By.”

Treasury Seal Updates on all government pages.

~~~~~~~~~~~~~

Mon. 11 Aug. 2025 BREAKING — TRUMP SEIZES FEDERAL RESERVE, QFS FULLY ONLINE, $97T SEIZED, GESARA ENFORCEMENT UNDERWAY … on Telegram

Space Force now (allegedly) holds the QFS encryption keys. Every legitimate transaction worldwide must pass through its quantum-secure rails, or it is rejected. Over 130 nations are(allegedly)  in GESARA biometric compliance. The IRS is (allegedly) dismantled, debt slavery is (allegedly) ending, and consumption-based taxation is primed to replace the old system. The so-called $2.5B “Fed renovation” was a panic bunker — now a crime scene.

The next phase is imminent. Once 90% global compliance is reached — projected by August 15 — the Emergency Broadcast System will (allegedly) trigger full public activation: the formal death of the Federal Reserve, SHI rollout, biometric onboarding, and liquidation of fraudulent debt. All assets will be(allegedly)  quantum-audited; corrupt entries wiped clean.

Trump didn’t return to serve another term — he (allegedly) returned to end the central banking system forever. QFS is(allegedly)  live. GESARA is(allegedly)  active. SHI is real. The financial control grid is (allegedly) being rewritten, and those who built their empires on theft, slavery, and war will (allegedly) not survive what’s coming.

Read full post here:  https://dinarchronicles.com/2025/08/12/restored-republic-via-a-gcr-update-as-of-august-12-2025/

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

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

Walkingstick  [Iraqi banking friend Aki update]  The Iranian influence inside of the parliament and the GOI is severely weakened.  They are in a state of depression...This mobilization law of parliament is no concern...Iraq will now protect the USD and not allow Iran to abuse it.  This law is of no concern to me in the monetary process...

Frank26   Article:   "Washington is pressuring and monitoring ...20 days remain before the liquidation of Iraq's banks"   Quote: "Banks will be required to sign a pledge or contract requiring one of two options by the end of this month at the latest...The first is to increase the banks' capital to 400 billion dinars...The second option is to merge with other banks...The hope is to implement one of the two previous options...and exit the US sanctions list...Otherwise, the third option is liquidation."   That means you say goodbye to 1310...This is amazing...this is phenomenal!

Arcadia Economics: Why Central Banks are Eyeing a Gold Revaluation

8-11-2025

Why Central Banks Are Eyeing A Gold Revaluation As the governments around the globe continue to run up their debt tabs, they usually have very little to say about how those ultimately gets repaid.

But when you look at the money flows, especially with the central banks, the signs are there that they are eyeing a gold revaluation.

Vince Lanci’s comprehensive analysis paints a compelling picture of gold as a central player in the evolving fiscal and monetary landscape.

The likelihood of gold revaluation, driven by fiscal dominance and persistent inflation challenges, is gaining serious traction among central banks and seasoned analysts alike. Market technicals and futures price behavior reveal ongoing volatility and intricate structural complexities.

https://www.youtube.com/watch?v=934je2UCDRc

 

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37 Trillion Reasons To Have A Plan B

37 Trillion Reasons To Have A Plan B

Notes From the Field By James Hickman (Simon Black)  August 11, 2025

On Friday afternoon last week, the US national debt hit another ignominious milestone: $37 trillion. And there’s absolutely no end in sight.

 Perhaps the wildest part is how quickly the debt is rising. Just before the One Big Beautiful Bill was passed on July 4th-- barely a month ago-- the national debt was ‘only’ $36.2 trillion. So, the debt increased a whopping $800 billion in a mere 36 days.

37 Trillion Reasons To Have A Plan B

Notes From the Field By James Hickman (Simon Black)  August 11, 2025

On Friday afternoon last week, the US national debt hit another ignominious milestone: $37 trillion. And there’s absolutely no end in sight.

 Perhaps the wildest part is how quickly the debt is rising. Just before the One Big Beautiful Bill was passed on July 4th-- barely a month ago-- the national debt was ‘only’ $36.2 trillion. So, the debt increased a whopping $800 billion in a mere 36 days.

To be fair, about $300 billion worth of that amount was ‘pent up’ debt that couldn’t be reflected on the national balance sheet until they increased the debt ceiling last month.

 But there’s still roughly half a trillion dollars in fresh spending that went out the door over a five-week period. That is an insane pace of outflows.

 The other big problem, of course, is that the debt is becoming a lot more expensive-- in other words, the average rate of interest that the US government pays on the national debt is steadily rising.

 As of July 31st, 2025, Uncle Sam is paying an average 3.352% on the entire national debt.

 That sounds pretty low… until you look back a couple of years and see the average interest rate was just 1.5% in early 2022.

 This means that interest rates have doubled in just 2 1/2 years. Combined with the rapid increase in the national debt, America’s annual interest bill is quickly spiraling out of control.

Back in Fiscal Year 2021, the US government spent around 13% of its tax revenue to pay interest on the debt.  This Fiscal year 2025, it will take around 22% of tax revenue to pay interest on the national debt.

That’s an extraordinary increase in just four years. And it’s quite likely this trend will continue, i.e. interest will eat up a larger and larger portion of the annual budget.

 Why? Because the debt keeps rising… plus interest rates are MUCH higher than they were a few years ago.

 Think about it: over the next twelve months alone, nearly $9 trillion of US government debt will mature; that’s nearly 25% of the entire US national debt maturing over the next YEAR.

 Obviously, the government doesn’t have $9 trillion lying around to repay this debt. So instead, they’ll simply issue new debt (i.e. government bonds) to repay the old debt.

The key problem is that the new bonds they’ll have to issue will carry a significantly higher interest rate than the old bonds from a few years ago. And this will continue to push up the government’s average interest rate.

 Our analysis-- with a lot of help from Grok-- is that it will take more than 40% of tax revenue, just to pay interest, by the year 2033 (which happens to be the same year that Social Security’s major trust funds are set to run out of money).

So, it’s not hard to see why the White House is so adamant about bringing interest rates down… and why the President is pushing the Fed Chairman to cut rates.

 The President may very well get his way. Last week, a key Fed official who was a member of their interest rate committee (called the FOMC) suddenly and inexplicably resigned. She literally quit with no explanation and with almost immediate effect.

 The White House responded quickly by appointing none other than Stephen Miran to fill the post; Miran, as you are probably aware, is one of the key architects behind Trump’s entire economic agenda-- everything from the tariff bonanza to the so-called “Mar-a-Lago Accords”.

Not to mention, Miran has publicly called for a weak dollar… which is clear conflict given that one of the Federal Reserve’s key mandates is to maintain a stable currency.

 I imagine it will be pretty hard for Miran to maintain a stable currency when he’s working so hard (and successfully) to weaken it.

 Point is, Miran will almost certainly be a strong advocate on the Fed to dramatically lower interest rates-- and to ‘print’ money-- in order to weaken the dollar and bail out the Treasury Department.

 The White House will also appoint a new Fed Chairman next year once Jerome Powell’s term expires in the spring.

 It’s not a sure thing, but the Trump administration is clearly doing everything it can to take control of the Fed and steer US monetary policy towards lower rates.

 If they’re successful and manage to hijack the Fed, the end result will likely be a new round of Quantitative Easing (i.e. ‘printing money’), leading to a nasty bout of inflation.

But if they’re not successful, the government’s annual interest bill will probably continue to spiral out of control, eventually leading to… a nasty bout of inflation.

This isn’t exactly controversial; in fact, throughout human history, inflation has almost always been the consequence of governments’ financial mismanagement.

 The good news is that America has been in this position before. As recently as the 1990s, the US government was spending well more than 20% of tax revenue just to pay interest on the national debt.

 Congress and the White House both acknowledged the problem, and they worked together to address it-- primarily by reigning in spending.

Could the same thing happen over the next decade? Of course. But at the moment there seems to be zero appetite for cooperation… or to restrain spending.

 So, again, the current trajectory almost certainly leads to inflation.

 Now, this doesn’t mean the world is coming to an end. Civilization as we know it is not on the brink of collapse. Future inflation is a very solvable problem. But it requires taking sensible, proactive precautions now… all part of a rational Plan B.

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

https://www.schiffsovereign.com/trends/37-trillion-reasons-to-have-a-plan-b-153287/?inf_contact_key=9dcaeade37b81f827c7e8647bd613d74595bc1afdf8fc89706dc8022d918b6bd

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