The Monday Vote
Two hundred and twenty signatures. That is how many Iraqi lawmakers signed the emergency session request, a binding trigger that forces parliament to convene Monday.
Latest
Three clocks started this week
One is military. One is financial. One is institutional. None of them are stopping.
The Signature
Yesterday the Treasury Department ended a 165-year tradition. You don't break it to celebrate a birthday. You break it to mark a transition.
Intelligence Research Reports
IR-001 The Clean Path
IQD revalues. USD holds. You receive a windfall. Do you know what your government does to it the second it lands? Five countries. Five tax outcomes. One playbook.
Intelligence Research Reports
IR-002 The Long Wait
I hope this is this week. But hope is not a plan. Gold is repricing. Doors are closing. Trust windows are expiring. Here is what preparation actually looks like.
The Fourth Level
Iran rejected the 15-point plan on live television. Nobody who matters was watching. Four foreign ministers had already gathered before dawn in Riyadh to plan what comes next.
Intelligence Research Reports
IR-003 The Dollar Erosion
Your windfall lands in a currency that has lost 25% since 2020. The OECD says it is getting worse. Five currencies. Five conversion scenarios. The measuring stick is shrinking.
The $40.8 Billion Tell
US Treasury data shows Iraq nearly doubled its bond holdings to $40.8 billion in 2025. Today: why that number changes everything, surrender terms on Tehran's desk, and a Supreme Leader who speaks through a photograph.
The Staging Window
Trump paused strikes on Iran's power grid. Hours later, bombers hit Isfahan. The grace period for bond distribution starts today. 5-7 business days.
Iran Blinked. Then They Told You To Panic Anyway.
Iran capitulated on Hormuz in under 24 hours. Then the IEA told you to panic. Bessent told a different story. Signal Watch, scenario projections, and what four collapsing currencies tell you about one that isn't.
Daily Briefing
48 Hours.
Trump just put a 48-hour clock on Iran's power grid. 22 nations aligned. Bessent weaponizing their own oil against them. The financial siege is complete. The military assets are in position.
Daily Briefing
Nowruz. Treasury Had Other Plans.
March 21. The day Iran's currency was supposed to start over.