https://www.youtube.com/watch?v=YJSlbQ394fQ
Video Summary:
In this extensive video session dated October 8, 2025, Frank, the host of KTFO.com (“Keep The Faith Always” in our heavenly Father), offers a deep dive into the Iraqi dinar investment and related topics through a live Q&A format. The session opens with a heartfelt prayer seeking divine protection for believers amid rising adversities, especially from hostile religious groups. Frank emphasizes the speculative nature of the Iraqi dinar investment and stresses that all opinions shared are his own. The bulk of the video revolves around answering a wide range of viewer questions related to the Iraqi dinar, banking operations in Iraq, the anticipated currency revaluation (RV), tax implications, and the status of Iraq’s monetary reforms including parliament actions on budget tables and laws.
Throughout the session, Frank maintains a candid and spiritual tone, expressing his excitement not about wealth but about the relief and blessings the revaluation could bring to families and communities. He also touches upon personal anecdotes about his family and his struggles with the pressure of being a community leader and information source. Frank stresses the importance of patience, faith, and spiritual preparedness, while also warning viewers about scammers and misinformation in the currency investment community. The host repeatedly declines to give specific dates or exchange rates, emphasizing that such information is speculative and often withheld for strategic reasons.
Frank also discusses logistical details about Iraqi banks, including closures for updates and preparations for new exchange rates, and the role of private banks in the process. He advises investors to use multiple banks for currency exchange to maximize FDIC insurance coverage and cautions against blindly trusting rumors about large payouts to private groups. The session concludes with encouragement to maintain faith, trust in God’s plan, and vigilance against deception.
Key Insights
[02:17] Spiritual Foundation Amidst Crisis: Frank’s opening prayer underscores the gravity of the spiritual and physical battles believers face today. His emphasis on divine protection highlights the intersection of faith and financial matters in this community. This spiritual foundation sets the tone for the entire session, reminding viewers to anchor their hope and patience in God rather than just financial gain.
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[04:14] Speculation and Caution in Currency Investment: Frank repeatedly emphasizes that the Iraqi dinar investment is speculative. He refuses to provide concrete dates or exchange rates, which reflects the volatile and uncertain nature of currency revaluations. This cautious approach educates investors about the risks involved and discourages unrealistic expectations and impatience.
[12:17] Legislative Progress as a Revaluation Indicator: The passing of the High Commission Law (HCL) and budget tables by the Iraqi parliament is a critical milestone. It indicates that Iraq is financially and legislatively preparing for monetary reform. Investors should monitor such developments closely as they provide tangible evidence of governmental readiness to proceed with currency changes.
[19:47] Bank Closures for System Updates: Temporary closures of both public and private banks in Iraq are a common part of the logistical preparation for a currency revaluation. Frank’s confirmation of these closures suggests that such operational pauses are a practical necessity to implement new exchange rates and financial systems, rather than a sign of crisis or failure.
[23:11] Role of Private Banks and Currency Exchange Accessibility: Frank confirms that after the RV, multiple private banks will compete for currency exchange business, including in Canada and the US. This competitive environment benefits investors by providing more options and convenience when redeeming their holdings.
[26:19] Exchangeability of Lower Denomination Notes: Post-revaluation, smaller Iraqi dinar notes (one-zero, two-zero, and three-zero notes) will still be exchangeable but primarily retain value inside Iraq for Iraqi citizens. This distinction is crucial for investors holding various denominations to understand the future usability and worth of their currency holdings.
[29:19] Importance of Accurate Information and Handling Criticism: Frank recounts how a minor mistake about a banking executive’s affiliation led to disproportionate criticism, highlighting the challenges in maintaining credibility and the need for grace when minor errors occur. This insight serves as a reminder to investors and followers to focus on substantive information rather than minor details.
[30:44] E******n Outcomes and Political Stability: Frank’s view that the Iraqi e*******s are effectively over and that political processes are largely settled hints at a stable political environment necessary for successful monetary reform. Political stability is a key factor investors should consider when assessing currency risk and timing.
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[33:58] Global Market Stability and Currency Reform: Frank dispels the notion that global market crashes are prerequisites for currency revaluation, stating that such crashes would be counterproductive to the goals of stabilizing and strengthening currencies worldwide. This reassures investors that RV events aim to enhance economic stability rather than coincide with financial chaos.
[38:30] Personal and Community Impact Beyond Wealth: Frank’s reflection on his excitement about the RV reveals that for him, the event symbolizes relief for families and communities enduring hardships rather than merely financial enrichment. This perspective shifts the narrative from greed to stewardship and social responsibility, encouraging investors to think of the broader humanitarian impact.
[41:37] Unique Nature of Regional Economies: Frank’s appreciation of Australia’s unique fauna and culture serves as a metaphor for the distinctiveness of regional economies and their monetary systems. This reflects on the importance of understanding local contexts when investing in foreign currencies.
[42:52] Warnings Against Scams and False Promises: Frank exposes the existence of fraudulent private groups promising large payouts to currency holders, especially preying on vulnerable populations. This cautionary insight urges investors to conduct due diligence and avoid falling v****m to scams.
[43:39] Faith as a Source of Strength and Celebration: Frank’s commitment to immediately worshiping God upon the RV event illustrates the centrality of faith in this community. This reinforces the spiritual dimension underpinning the financial discussions and highlights the communal aspect of the anticipated blessing.
[44:25] Taxation Realities on Currency Gains: The discussion about taxes clarifies that gains from currency exchanges are subject to IRS tax codes, specifically IRC section 988, with tax rates depending on holding periods and proof of purchase. This transparency educates investors to plan their financial strategy carefully and comply with tax regulations to avoid penalties.
[45:46] Stewardship and Ownership of Currency: Frank’s advice to “never let go of your dinars” emphasizes personal responsibility and stewardship over currency holdings. He warns against blindly sending currency to central banks or other entities without direct control, reinforcing the importance of vigilance and informed decision-making.
[52:08] Leadership Burden and Community Dynamics: Frank shares the intense pressure he faces, including threats and overwhelming demands, highlighting the toll of being a trusted leader in a niche investment community. This insight helps viewers appreciate the human element behind information dissemination and the challenges of maintaining credibility amidst skepticism and hostility.
[56:16] Resistance to Tokenization and Blockchain Integration: Frank firmly states his opinion that the Iraqi dinar is not being prepared for tokenization or blockchain-based currency systems. This insight is critical for investors keeping an eye on fintech trends and technological innovations in global currency markets, indicating that traditional currency forms still dominate Iraq’s monetary reform.
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