Iraq Economic News and Points to Ponder Tuesday Evening 1-21-25

Central Bank of Iraq's sales of foreign remittances reach more than 94%

Time: 2025/01/21 Reading: 910 times  {Economic: Al Furat News} Foreign transfers in the sales of the Central Bank of Iraq, on Tuesday, reached more than 94% with the participation of 7 banks and 19 exchange companies.

The bank sold in its auction today 287 million, 882 thousand, and 784 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

Most of the dollar sales went to boost balances abroad in the form of transfers and credits, which amounted to 273 million, 323 thousand and 784 dollars, at a rate of 94.87%, compared to cash withdrawals amounting to 14 million and 550 thousand dollars.

The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 6 banks, and the total number of exchange companies participating in the auction was 19 companies.  LINK

Foreign Ministry: Decision To Downgrade Security Classification Will Open Door For British Companies To Enter Iraqi Market

Money and business  Economy News – Baghdad   The Foreign Office on Tuesday welcomed the UK's decision to downgrade Iraq's security rating.

The ministry said in a statement, seen by "Al-Eqtisad News", that "the Ministry of Foreign Affairs welcomes the decision of the United Kingdom to reclassify the security level in Iraq, and considers this step an important achievement that reflects the significant improvement in the security situation and the Iraqi government's ongoing efforts to achieve stability and enhance a safe and encouraging environment for investment and work."

It added that "reducing the security classification will open the way for British companies to enter the Iraqi market, and the decision will contribute to reducing the costs of travel and work insurance, which will enhance opportunities for economic and investment cooperation between Iraq and the United Kingdom.

" It continued, "In this context, the ministry calls on other Western countries, including the United States of America, Canada, and the European Union countries (Germany, France, Belgium, Italy, Austria, and the Netherlands), to reconsider their security classifications for Iraq, and the ministry encourages these countries to take similar steps that support Iraq's efforts to enhance economic cooperation."

The ministry confirmed that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein will work to send official messages to the concerned countries, urging them to review their security classifications for Iraq in line with the positive developments and the noticeable improvement in the security situation."

The ministry renewed, according to the statement, "its commitment to work with its international partners to strengthen bilateral relations and provide an appropriate environment for expanding cooperation in various fields, in a way that serves common interests and enhances stability and development in Iraq and the region."    https://economy-news.net/content.php?id=52172       

"Al-Eqtisad News" Publishes The Full Decisions Of The Cabinet Session

Money and business   Economy News – Baghdad  Al-Eqtisad News publishes the full decisions of the third Cabinet session, which was held today, Tuesday, headed by Prime Minister Mohammed Shia Al-Sudani.

The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Al-Sudani chaired, today, Tuesday, the third regular cabinet session of the current year, during which the general conditions in the country were discussed, important files and issues and priorities for implementing the government program were discussed, in addition to discussing the topics included on the agenda and taking the necessary decisions regarding them."

The statement added, "The Council of Ministers decided to suspend official work in all state departments and institutions in the capital, Baghdad, on Sunday, January 26, 2025, on the occasion of the commemoration of the martyrdom of Imam Musa bin Jaafar al-Kadhim, peace be upon him."

He explained that "following up on the progress of implementing the government program and the digital data related to the achievements, the Council of Ministers reviewed the fourth semi-annual report of the government program in terms of achievement and implementation of the program and it was approved, as the total achievement rate of the targets during the government's lifetime reached (73%), while the interim achievement rate for all targets reached (86%), and the data on the total achievement of (403) targets of the program was confirmed."

He added, "Regarding the submission of government program implementation reports by ministries and state institutions, the Council of Ministers agreed that all ministries and relevant authorities should express their observations on the fourth semi-annual report to follow up on the implementation of the government program, each according to its specialization, until the official working day of Thursday, January 23, 2025, provided that the Secretariat of the Program Implementation Follow-up Team undertakes to make the necessary amendments in accordance with the rules, and submit the report under discussion in its final form to the Prime Minister for approval and submission to the House of Representatives, based on the provisions of the Council of Ministers' internal regulations for the year 2019."

The Council of Ministers continued the approach of evaluating the performance of officials and general managers, according to the previously approved principles, and voted to confirm (14) general managers after the evaluation, in various government departments.

The statement indicated that, "Within the energy sector projects, the Council approved the principles of cooperation between the Ministry of Electricity and Stellar Energy, and proceeded with implementing the terms of the agreement, and authorizing the Ministry of Electricity with the necessary authority to contract with the aforementioned company, as an exception to the contracting methods in implementing government contracts, in a manner that ensures speedy completion and achieving the desired goal, and that the contract enters into force when financial allocations are available."

It was decided that the Ministries of Finance and Planning would include the principles of energy cooperation within the budget allocations for the year 2025, in the amount of two billion dollars, for the first phase, so that the second phase of the loan would be completed within the budget allocations for the year 2026, and the Minister of Electricity would be authorized to issue subsequent approvals regarding the signing of the principles of cooperation between the Ministry of Electricity and Stellar Energy Company, as an exception to the instructions for implementing government contracts.

He pointed out that "within the file of developing oil sector projects, the Council followed up on the Nasiriyah field expansion project, with a capacity of (100,000 b/d - Dhi Qar Oil Company), where it was approved to amend Cabinet Resolution (30 of 2021) to include adopting the implementation method (EPC), instead of (EPCF), with an amendment to the total cost of the project, and deleting the paragraphs from the aforementioned resolution, related to the sources of funding, as the project is included in the investment budget for the year 2024. It was also decided that the Ministries of Planning and Finance would send a letter to release the financing to open the documentary credit, according to the dues due for the project within the fiscal year 2025 and subsequent years, and the commitment of the Ministry of Finance to finance the aforementioned documentary credit."

Regarding the development of the Bin Omar and Sinbad oil fields in Basra Governorate, the Council of Ministers approved the signing of the Principles Agreement (HOA) with Halliburton to develop the two fields, using the Integrated Management System (IFMS) and Engineering, Construction and Procurement (EPCM) method with national effort, and it is treated as a licensing round, according to a statement from the Prime Minister’s Media Office.

He added, "In the field of settling the financial and administrative matters of the Anbar Combined Power Plant Project, the Council of Ministers approved the cancellation of the amount of debt owed to the Ministry of Transport/General Company for Iraqi Ports by the Ministry of Electricity, amounting to (12,448,608) billion dinars, regarding fines and grounds for equipment for the Anbar Combined Power Plant Project for two shipments; because they contained specialized equipment with high weights and large standard sizes; based on the provisions of the Federal Financial Management Law (6 of 2019) amended."

He explained that the Council approved the recommendation of the Ministerial Council for the Economy regarding the purchase of specialized equipment for ground services for the Ministry of Transport, in accordance with what was stated in the Ministry’s letter on January 19, 2025.

He pointed out that "in order to follow up on the environmental issue and activate the work of the General Company for Carbon Economics, the Council of Ministers decided to include the Ministry of Finance with an amount of (10) billion dinars, to the Ministry of Environment / General Company for Carbon Economics, within the estimates of the budget tables for the year 2025, in order to cover the founding operating expenses, and to achieve the company's goals stated in the founding statement, published in the Iraqi Gazette in issue (4764) on March 11, 2024."

The statement added, "The Council of Ministers followed up on the project to establish an integrated medical city in Dhi Qar Governorate, and approved the recommendation related to referring the medical city project/turnkey delivery from the relevant committee in the Dhi Qar Governorate Reconstruction Fund to the China State Construction Engineering Corporation, Limited Liability Company, based on the provisions of the Dhi Qar Governorate Reconstruction Fund Instructions (2 of 2021)."

He explained that "for the purpose of ending the financial matters related to Covid-19 vaccines, the Council of Ministers approved the authorization of the Minister of Health, or his representative, to contract with UNICEF to provide the Ministry of Health with its needs of medicines, medical and laboratory equipment and supplies, and other needs, according to the Ministry's need from the reserve of vaccines related to (Covid-19), and other vaccines for previous years combined with UNICEF, amounting to (28,154,000) million dollars, as an exception to the contracting methods for implementing government contracts."

He added that "in order to manage and organize the affairs of expatriates, the Council approved the adoption of the Iraqi National Insurance Platform for the categories (expatriates and foreign visitors), and obligated the Ministries of (Foreign Affairs, Labor and Social Affairs, Culture, Tourism and Antiquities), the National Investment Commission, and the Kurdistan Region of Iraq Representation, not to grant any visa or entry visa, except after obtaining an insurance document from the aforementioned platform, based on the provisions of the Health Insurance Law (22 of 2020).

The Council of Ministers approved the draft law on the ratification of the Republic of Iraq of the Mecca Agreement of the Member States of the Organization of Islamic Cooperation for Cooperation in the Field of Enforcing Anti-Corruption Laws signed in the State of Qatar (November 2024), and referred it to the House of Representatives, based on the provisions of the Constitution.

The Council followed up on infrastructure projects, and the completion of stalled projects, and approved the following:

1- Increasing the reserve amount and the total cost of the project (establishing two internal department complexes for boys and girls at Tikrit University).

2- Reducing the cost of the component (rehabilitation of Al-Badri Irrigation Project), including a new component for the remaining works, and increasing the cost of the main project (Al-Badri Irrigation Project) in Al-Muthanna Governorate.

3- Reducing the cost of the component (lining the Abu Alamah River in the Al-Bu Khadir area), including a new component for the remaining works, and increasing the cost of the main project (the river lining project) in Al-Muthanna Governorate.   https://economy-news.net/content.php?id=52174

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

8 Purchases You Should NEVER Make With Your Credit Card

8 Purchases You Should NEVER Make With Your Credit Card

In an attempt to keep their money safe, most Americans are tempted to reach out to their plastics instead of paying with cash. While there are many disadvantages when paying with cash, such as security, credit cards are no good either. At least not when referring to certain purchases.

Your credit card is not the best form of payment, especially when you’re struggling with debt. Fortunately, if you’re facing a ton of debt, you can still keep your finances safe and avoid adding more debt by steering clear of the following credit card purchases.

1. Household Bills

As more and more American adults struggle to pay their household bills, they have no choice but to use their saving accounts. Cellphone, utility, as well as cable bills, shouldn’t be paid with a credit card.

How so? Because if you’re not used to paying off (or you just can’t) your full balance every single month, you will face an interest that will make your household bills even more expensive.

2. Cars

Most car dealers don’t agree with credit card purchases and that’s mainly because they will have to pay fees in order to process transactions. However, if you don’t have the possibility to pay for the car outright, you should definitely visit a credit union or your current bank to get approved for a car loan.

Thankfully, to get the best interest rate possible, you can compare the vast majority of auto loan rates online.

3. Retail Therapy

If you think that a new purchase will boost your mood levels, you’re wrong. You’ll probably be happier for, let’s say two hours after making the purchase, but you will most definitely regret it the next day when you’ll see that your credit card balance went nuts.

4. Medical Bills

Are you using a medical credit card in order to pay the bills? If that’s the case, make sure to check the fine print, especially your obligations regarding when and, more importantly, how interest is charged.

Also, if possible, try to reduce your health care costs as much as you can.

TO READ MORE:  https://legalguidancenow.com/1088/yahoo/1115955/20004/8-purchases-you-should-never-make-with-your-credit-card/

Seeds of Wisdom RV and Economic Updates Tuesday Evening 1-21-25

Good Evening Dinar Recaps,

FINLAND’S NASDAQ HELSINKI WELCOMES VIRTUNE’S 5 CRYPTO ETPS:  BTC, ETH, XRP, SOL, AND ALTCOINS

The products will be listed on the Finnish Nasdaq Helsinki.

Virtune, a leading Swedish regulated crypto asset manager, has successfully listed five crypto exchange-traded products (ETPs) in Finland’s Nasdaq Helsinki. The products include top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and altcoins. 

The launch marks a key milestone for Finland as it represents the nation’s first crypto ETPs. It is also the biggest crypto ETP launch on a regulated market in northern Europe’s Nordic nations like Denmark, Finland, Iceland, Norway, and Sweden.

@ Newshounds News™

Read more:  Crypto Flash News

~~~~~~~~~

XRP, DOGE, SOL, AND OTHER COINS GET NEW ETF FILINGS

REX Shares has filed multiple exotic ETF applications for such tokens as XRP, Solana (SOL), and Dogecoin (DOGE).    Leading ETF analyst Eric Balchunas has stated that REX is not just a random issuer, noting that its CEO was "an early pioneer in the industry."

Greg King, the founder and CEO of the Florida-based firm, has launched more than 100 ETFs and notes for such major names as BONK and Dogecoin. The filing also seeks to create funds for Bitcoin, Ethereum, Solana, and XRP.

Meanwhile, Teucrium, another ETF issuer, has filed for 2x Long & Short XRP ETFs. As reported by U.Today, leading analyst Nate Geraci previously predicted that an XRP ETF would be approved this year.

@ Newshounds News™

Read more:  U Today

~~~~~~~~~

TRUMP PARDONS FORMER SILK ROAD FOUNDER AND BITCOIN ICON ROSS ULBRICHT

Those who convicted Ulbricht were "some of the same lunatics involved in the modern-day weaponization of government against me," Trump wrote Tuesday.

President Donald Trump announced Tuesday the pardon of Ross Ulbricht, founder of the Silk Road online marketplace.

In a social media post on Truth Social, Trump said he had granted Ulbricht a "full and unconditional pardon," citing support from the Libertarian movement and criticizing the government’s handling of Ulbricht’s case.

Ulbricht, 40, was convicted in 2015 on charges including conspiracy to traffic narcotics and money laundering in connection with the Silk Road, a darknet site that facilitated billions of dollars in illegal drug transactions.

He received a sentence of two life terms plus 40 years without parole, sparking years of debate over the fairness of his punishment.

"The scum that worked to convict him were some of the same lunatics involved in the modern-day weaponization of government against me," Trump wrote.

The pardon is expected to draw sharp reactions from both supporters and critics.

Advocates for Ulbricht have long argued his sentence was excessive, while opponents highlight the scale of criminal activity linked to the Silk Road.

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

HERE IS THE FULL LIST OF PRESIDENTIAL ACTIONS TRUMP SIGNED ON DAY ONE

These bold initiatives mark a stark departure from the Biden regime’s globalist policies and signal a return to the principles that put the American people first.

Here is the list of presidential actions Trump signed on Monday following his inauguration:

1. Withdrawing The United States From The World Health Organization

2. Application Of Protecting Americans From Foreign Adversary Controlled Applications Act To TikTok
3. Granting Pardons And Commutation Of Sentences For Certain Offenses Relating To The Events At Or Near The United States Capitol On January 6, 2021

4. Putting America First In International Environmental Agreements
5. Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis
6. Hiring Freeze

7. Regulatory Freeze Pending Review
8. Return to In-Person Work

9. Ending The Weaponization Of The Federal Government

10. Restoring Freedom Of Speech And Ending Federal Censorship
11. Securing Our Borders

12. Protecting The Meaning And Value Of American Citizenship
13. Realigning the United States Refugee Admissions Program
14. Unleashing American Energy

15. Clarifying The Military’s Role In Protecting The Territorial Integrity Of The United States
16. America First Trade Policy
17. Memorandum to Resolve the Backlog of Security Clearances for Executive Office of the President Personnel

18. Declaring A National Emergency At The Southern Border Of The United States
19. Holding Former Government Officials Accountable For Election Interference And Improper Disclosure Of Sensitive Governmental Information

20. Restoring Accountability To Policy-Influencing Positions Within the Federal Workforce
21. Protecting The American People Against Invasion

22. The Organization for Economic Co-operation and Development (OECD) Global Tax Deal (Global Tax Deal)
23. Organization of the National Security Council and Subcommittees
24. Reevaluating And Realigning United States Foreign Aid

25. Temporary Withdrawal of All Areas on the Outer Continental Shelf from Offshore Wind Leasing and Review of the Federal Government’s Leasing and Permitting Practices for Wind Projects

26. Declaring a National Energy Emergency

27. Restoring Accountability for Career Senior Executives
28. Promoting Beautiful Federal Civic Architecture
29. Restoring The Death Penalty And Protecting Public Safety

30. Putting People Over Fish: Stopping Radical Environmentalism to Provide Water to Southern California

31. Guaranteeing The States Protection Against Invasion
32. Restoring Names That Honor American Greatness

33. Designating Cartels And Other Organizations As Foreign Terrorist Organizations And Specially Designated Global Terrorists
34. Reforming The Federal Hiring Process And Restoring Merit To Government Service

35. Ending Radical And Wasteful Government DEI Programs And Preferencing
36. Defending Women From Gender Ideology Extremism And Restoring Biological Truth To The Federal Government

37. Establishing And Implementing The President’s “Department Of Government Efficiency”
38. America First Policy Directive To The Secretary Of State
39. Protecting The United States From Foreign Terrorists And Other National Security And Public Safety Threats
40. Unleashing Alaska’s Extraordinary Resource Potential

With bold leadership and a clear vision, Trump has reaffirmed his commitment to putting America first. You can read each of these executive orders on the White House’s website.

@ Newshounds News™

Source:  TruthPress

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

FRANK26…1-21-25……..LD’S AND A VOTE

KTFA

Tuesday Night Conference Call

FRANK26…1-21-25……..LD’S AND A VOTE

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

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

https://www.youtube.com/watch?v=cJo-cejd_Y0

More News, Rumors and Opinions Tuesday PM 1-21-2025

KTFA:

Clare:  The Council of Ministers decides to suspend official work in Baghdad next Sunday

1/21/2025

Baghdad - 964

The Council of Ministers decided to suspend official work in all government departments and institutions in the capital, Baghdad, next Sunday, to complete the visit of Imam Al-Kadhim. LINK

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

Clare: Trump's confidant after inauguration: Iran's militias control Iraq and the president will fix the situation

1/21/2025

In Monday, the US Republican Representative and close associate of Trump, Joe Wilson, considered that Iran controls the government in Iraq and its "militias" threaten the United States, stressing that President Donald Trump will fix the situation, according to his expression. 

Wilson said in a tweet on the X website, followed by Shafaq News Agency, that "Iran was defeated in Lebanon and Syria, but it still rules Iraq, as Obama and Brett McGurk failed in their strategy to hand Iraq over to Iran during the war against ISIS."

He added that "Iranian-backed militias in Iraq threaten the United States and its allies and must be dealt with," indicating that "Trump will fix the situation."  LINK

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

Clare:  Parliament votes on 'controversial laws' in one basket

1/21/2025

The house of Representatives voted on Tuesday on three laws that have sparked controversy and political disputes for months.

The media department of the House of Representatives said in a statement received by Shafak News Agency, "The House of Representatives voted on the proposal to amend Personal Status Law No. 188 of 1959."

He added that "the Council also voted on the draft law to return properties to their owners included in some decisions of the (dissolved) Revolutionary Command Council," continuing, "The Council also voted on the draft law amending the second amendment to General Amnesty Law No. 27 of 2016."

In its last legislative session, the House of Representatives held several sessions to pass controversial laws, but they did not result in anything, which prompted it to postpone these laws to the current legislative session.

These laws have caused a lot of controversy, between supporters and opponents, among political blocs, and these laws have also faced objections from specialists and civil organizations.  LINK

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

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

Walkingstick  The rumor is according to 'East' [Aki's company in the Middle East] that they got nine currencies in a basket.  It may be more, it may be less...It could come out asset backed...or it could come out with a float.  The float makes more sense...But East is saying, if it is a basket, we're seeing the Euro, British pound, Krona, which is Swedish currency and shilling, which is Austria currency.  

Militia Man  Article: "The Kuwaiti dinar currently is the strongest currency in the world... 31 Kuwaiti dinars for every US dollar."  If you do the math it turns out to be about $3.22... Quote "It's worth noting Kuwait has about 7% of the world's oil reserves which greatly supports the value of the currency...According to 2023 data Iraq has significantly more oil reserves than Kuwait with Iraq holding approximately 145 billion barrels of oil compared to Kuwait's 101.5 billion..."  Iraq has 43% more oil than Kuwait. [Kuwait's] currency is strongest in the world...Iraq has the ability to be at least 43% more valuable based off oil, let alone their non-oil revenues...Pretty exciting times!

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

Unprecedented Bank Runs in China, Capital Outflows Hit Record, Stocks and Economy Tank

Michael Cowan:  1-20-2025

Recent reports paint a concerning picture of the Chinese economy, with whispers of “unprecedented” bank runs, record capital outflows, and a significant downturn in stock markets. While the full extent of the crisis remains to be seen, these developments are triggering alarms both within China and in global economic circles.

The most immediate and startling issue is the alleged wave of bank runs. Social media footage, though largely unverified, suggests scenes of panicked customers queuing outside banks to withdraw their cash. While the Chinese government has yet to officially confirm the scale of these events, they point to a potential crisis of confidence in the country’s financial institutions.

https://youtu.be/tSHx2guKL3Y

Iraq Economic News and Points to Ponder Tuesday Afternoon 1-21-25

Iraq Looks To Strengthen Ties With New US Administration

January 21, 2025   Baghdad - Qusay Munther  President of the Republic Abdul Latif Jamal Rashid congratulated his American counterpart Donald Trump on the occasion of his swearing-in as President of the United States of America.

Rashid said in a tweet on the X platform yesterday (We congratulate Trump on the occasion of his swearing-in as President of the United States of America, wishing him success in his work duties), stressing (Iraq's support for establishing security and stability in the region and the world, and strengthening bilateral relations between our two friendly countries in a way that achieves the common interests of the two peoples).

Prime Minister Mohammed Shia al-Sudani sent a congratulatory telegram to Trump on the occasion of his assumption of his duties as President of the United States.

A statement received by (Al-Zaman) yesterday said (The congratulatory telegram included Al-Sudani's affirmation of Iraq's aspiration to strengthen the bonds of cooperation and partnership with the United States, within the framework of the strategic agreement and the common interests of the two countries), pointing out (the importance of working to support the foundations of stability, security and development regionally and internationally).

In a development, Al-Sudani stressed the Iraqi government's adherence to strategic relations with the United States, and its efforts to activate and expand the scope of implementing all bilateral memoranda of understanding, and bilateral security and economic coordination, under the umbrella of respecting sovereignty, and non-interference in internal affairs.

Al-Sudani said that (Washington is a major partner of Iraq, and the government is working to build a stable institutional relationship with it), and pointed out that (the government is determined to build a new Iraq based on its cultural heritage), and went on to say that (Iraq plays a pivotal role as an effective mediator between various regional parties, and Baghdad has become a center for calm dialogue aimed at bridging the gap between the parties), and pointed out that (Riyadh is a key partner in Iraq's economic equation, and that the electrical connection with Saudi Arabia is not just a technical project, but a step towards achieving long-term economic integration).

In addition, the World Health Organization expressed its regret over the decision of the new US President's administration to announce Washington's withdrawal from the UN agency.

WHO spokesman Tarik Jasarevic said in a statement yesterday that “the international body regrets the announcement by the United States of America that it intends to withdraw from the organization,” adding, “We hope that the United States will reconsider its position and engage in a constructive dialogue for the health and well-being of millions of people around the world, hoping for a constructive dialogue with the US authorities. ”

For its part, the European Commission expressed its concerns about Trump’s decision to withdraw from the World Health Organization, warning that the move could undermine the response to any future epidemics.  

Commission spokeswoman Eva Herncirova said in a statement yesterday, “If we want to withstand global health threats, we must have global cooperation,” adding, “We are confident that the US administration will think about all these matters before the official withdrawal.”

Trump began his rule by signing a series of executive orders that he described as historic, confirming that the golden age of the United States had begun. The decisions included (declaring a state of emergency on the southern border with Mexico, sending US troops to stop illegal immigration, and imposing tariffs on foreign countries to boost the US economy.

The decisions also included restoring the Panama Canal, withdrawing from the Paris climate agreement, and focusing efforts on exploring Mars and developing energy. Trump is expected to issue about 100 executive orders on his first day, opening the door to a new phase of American politics.  LINK

Economist: US Oil Exports Will Increase Crude Prices And Economic Challenges For Iraq

Time: 2025/01/21 Read: 1,417 times  Economic: Al Furat News} Economic expert, Rashid Al Saadi, warned of the repercussions of the United States of America exporting quantities of its oil energy and its impact on the Iraqi economy.

Al-Saadi told {Euphrates News} that: "This move will lead to a reduction in the quantities offered in the global market, which will raise prices as a result of the decrease in supply versus demand, and will also strengthen the economic relationship between supply and demand, as the decrease in supply will lead to an increase in oil prices, which will directly affect Iraq and the global oil market."

Al-Saadi added that "this change will lead to the United States dispensing with oil imports, which will reduce global dependence on imported oil," explaining that "these shifts in the market will have a major impact on oil prices, which may cause a decrease in the revenues of oil countries, including Iraq."

He pointed out that "the Iraqi government must begin to seriously consider finding alternative resources other than oil, given the Iraqi economy's great dependence on oil revenues."

The economic expert stressed that "the steps taken towards diversifying oil revenues were not as required, which makes it necessary to accelerate these efforts to confront future economic challenges that may be exacerbated by these changes in the global oil market."

Prices swung between gains and losses as traders digested a series of pledges and executive orders from President Donald Trump, including a threat to impose tariffs on Canada and plans to boost domestic energy production.

Brent crude traded above $80 a barrel after three days of losses, while West Texas Intermediate crude approached $77.

Trump has said he could impose tariffs of up to 25% on crude producers Canada and Mexico by early next month and signed an order declaring a national energy emergency.

However, Trump declined to unveil the China tariffs on his first day in office, instead ordering his administration to address unfair trade practices globally, according to a White House fact sheet seen by Bloomberg.   LINK

Oil Prices Fall On US Oil Production Increase Plan

Energy   Economy News – Baghdad   Oil prices fell in Asian trading on Tuesday after President Donald Trump announced a plan to boost U.S. oil and gas production and held off on new tariffs.

Brent crude futures were down 11 cents, or 0.14 percent, at $80.04 a barrel by 01:56 GMT.

The most widely traded West Texas Intermediate crude futures contract for March fell about 67 cents to $76.72 a barrel from Friday's close.

US President Donald Trump announced a plan to boost US oil and gas production and said he was considering imposing 25% tariffs on imports from Canada and Mexico starting February 1 rather than immediately, which helped push oil prices lower.

But ultimately, tariffs on Canadian crude could send the market higher.

Almost all of Canada's oil exports go to the United States and are typically sold at a discount to West Texas Intermediate crude.

Trump has laid out a comprehensive plan to speed up the issuance of oil, gas and power permits in order to maximize U.S. energy production, which has already reached record levels.

Although he did not immediately impose any sweeping new trade measures, he did order federal agencies to investigate unfair trade practices by other countries.

Trump also said the United States "may" stop buying oil from Venezuela.

Trump also promised to replenish strategic reserves, a move that would boost oil prices by boosting demand for U.S. crude.   https://economy-news.net/content.php?id=52144

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

60% For Only Two Countries.. Iraqi Oil Exports Rise In 2024

 01/21/2025  Mawazine News – Economy  Iraqi oil exports in 2024 witnessed a significant increase, with an increase of 90 thousand barrels per day compared to 2023, according to a report issued by the Energy Research Unit.

Exports averaged 3.64 million barrels per day during the year, with China and India accounting for about 59.6% of global shipments.

Key points about Iraqi oil exports in 2024:

1. Annual increase in exports:
- Average exports: 3.64 million barrels per day (compared to 3.55 million barrels per day in 2023).
- Highest quarterly rate: 3.69 million barrels per day in the third quarter.
- Lowest quarterly rate: 3.54 million barrels per day in the fourth quarter due to compensating for excess production.

2. Production reduction measures:
- Iraq's commitment to a voluntary production cut of 211 thousand barrels per day since May 2023, in addition to an additional voluntary cut in 2024 of 220 thousand barrels per day with the OPEC+ alliance.
- These cuts extend until the end of 2026, with volumes gradually being reintroduced from March 2025.

3. Top importers:
- China: 1.19 million bpd (up from 1.09 million bpd in 2023).
- India: 979,000 bpd (up from 945,000 bpd).
- South Korea: 328,000 bpd.
- UAE: 287,000 bpd (up significantly due to Ruwais refinery expansion).
- US: 242,000 bpd (down from 251,000 bpd).

4. Monthly performance:
- Highest monthly export rate: 3.86 million bpd in July.
- Lowest monthly export rate: 3.48 million bpd in October.

Reasons for shifts in import markets:
- China and India: Continued strong demand due to refinery expansions and increased energy needs.
- UAE: Preferring to import Iraqi oil to operate the new Ruwais refinery instead of exporting Murban crude to achieve higher returns.
- USA: Demand has declined due to the availability of local supplies and alternative sources.

These figures demonstrate Iraq’s role as one of the largest exporters in the global oil market, while maintaining flexibility in the face of market fluctuations and production policies.

The positive performance of exports is expected to continue with a balance between meeting global demand and adhering to production cut plans within the OPEC+ alliance. https://www.mawazin.net/Details.aspx?jimare=258843

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 1-21-25

Good Afternoon Dinar Recaps,

SEC LAUNCHES CRYPTO TASK FORCE TO DEVELOP CLEAR REGULATION

In a recent announcement, the US Securities and Exchange Commission (SEC) announced the launch of a brand new crypto task force. Specifically, the agency is set to develop “a comprehensive and clear regulatory framework for crypto assets,” according to a recently released press release.

The announcement is part of the expected changes to come from the incoming administration. With Donald Trump officially inaugurated into office Monday, he announced the appointment of Mark Uyeda as acting chair of the agency. His presence comes following former Chair Gary Gensler’s resignation this week.

SEC Launching Crypto Task Force to Develop New Regulatory Framework

For the last several years, the SEC has developed a rather contentious relationship with the digital asset sector. Under the former Biden Administration, the agency adopted a regulation-by-enforcement approach. As a result, companies like Ripple found themselves engaged in years of court battles with the agency.

Yet, that has begun to change today. With Donald Trump beginning his second non-consecutive term as US President Monday, the SEC has announced the launch of a crypto task force dedicated to the formulation of a clear regulatory framework for which the industry will be governed.

Chairman Uyeda announced the framework, with Commissioner Hester Peirce set to lead it. “Drawing from talented staff across the agency, the Task Force will collaborate with Commission staff and the public to set the SEC on a sensible regulatory path that respects the bounds of the law,” the agency said.

Additionally, they noted things like clear regulations and a pathway to registration “have been elusive.” Moreover, they noted, “The SEC can do better.” The task force appears to be the first step in that pursuit. It could be the beginning of the United States’ path to being a global crypto leader.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

NO CRYPTO FOCUS IN TRUMP’S 200 EXECUTIVE ORDERS: WHAT’S NEXT?

▪️Trump’s first 200 executive orders did not include any clear actions related to Bitcoin or cryptocurrencies.
▪️David Bailey hinted at potential crypto-related content but admitted uncertainty about the specifics.
▪️The crypto community was disappointed as Trump prioritized energy, immigration, and security over digital assets.

US President Donald Trump signed his first 200 executive orders shortly after assuming office. However, despite speculation and expectations from the crypto community, none of these orders were related to virtual assets like Bitcoin or other cryptocurrencies.

David Bailey, CEO of Bitcoin Magazine and former cryptocurrency advisor to the Trump campaign, shared his insights on X (formerly Twitter), stating:

“Got confirmation tonight that our EOs are among the first 200.”

However, he admitted uncertainty about the specifics. “I have no idea what made it in, but good news cometh,” he added.

Interestingly, the crypto community had hoped for stronger signals from the administration. Rumors before Trump’s inauguration suggested that he might prioritize cryptocurrency, perhaps even declaring it a national priority or establishing a Bitcoin reserve. But these ambitions did not materialize.

No Crypto in Trump’s First-day Executive Orders

On his first day, Trump directed his attention to immigration, energy, and federal operations. Key actions included reversing Biden’s restrictions on oil drilling and announcing, “We will extract as much oil as we can.” He also withdrew the US from the Paris Climate Agreement, a global initiative to combat climate change.

In another notable move, Trump signed a decree granting TikTok an additional 75 days to find a US buyer, allowing its operations in the country to continue temporarily. While this decision aimed to address security concerns, critics noted the absence of actions supporting the burgeoning crypto industry.

Fox Business journalist Eleanor Terrett expressed disappointment, tweeting:

“No Day 1 executive orders on #crypto or industry-related pardons, then?”

This sentiment echoed across the crypto community, which had anticipated early moves to recognize or regulate digital assets.
A Shift in Focus, a Missed Opportunity?

Cryptocurrency advocates were left questioning why digital assets, widely viewed as transformative, were left off the agenda. Before Trump’s term, some hoped he would pardon Ross Ulbricht, the Silk Road founder serving a life sentence. However, no such measures emerged.

During his inaugural speech, Trump remained silent on the topic of cryptocurrencies, further deepening concerns. David Bailey reassured enthusiasts by saying that their [our] “decrees are coming too”, suggesting that virtual assets might gain attention later in Trump’s presidency.

Despite the initial absence of crypto-focused orders, the speculation surrounding Trump’s approach to digital assets highlights the growing importance of cryptocurrency in national policy discussions. For now, the crypto world watches and waits, hopeful for future recognition and regulation.

@ Newshounds News™

Source:  CoinSpeaker

~~~~~~~~~

HESTER PEIRCE TAPPED TO LEAD SEC’S NEW CRYPTO TASK FORCE

Acting SEC chair Mark Uyeda appoints Hester Peirce to lead a task force focused on crypto regulations and market integrity.

▪️The SEC has formed a Crypto Task Force under Commissioner Hester Peirce to establish proactive regulation and clear legal standards.

▪️The initiative aims to support innovation while addressing industry confusion over previously enforcement-focused approaches.

The SEC has established a Crypto Task Force under the leadership of Commissioner Hester Peirce, with Acting Chairman Mark T. Uyeda announcing the initiative on Tuesday.

Richard Gabbert and Taylor Asher will serve as Chief of Staff and Chief Policy Advisor, respectively, bringing together experts across the agency to work with Commission staff, industry participants, and the public.

“The SEC has relied too heavily on enforcement actions to regulate crypto, often adopting untested legal interpretations,” Uyeda said.

The task force seeks to move toward proactive regulation by establishing clear legal standards, creating practical registration pathways, and maintaining market integrity while supporting innovation.

The announcement comes as Uyeda serves as interim SEC Chair until Paul Atkins assumes the role under President Donald Trump’s administration.

The initiative aims to address industry confusion resulting from the SEC’s previous enforcement-focused approach by developing clear regulatory guidelines and disclosure frameworks for crypto assets.

@ Newshounds News™

Source:  Crypto Briefing

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

DOLLAR COLLAPSE: A Simple Breakdown to a Complex Crisis (Currency Reset)

DOLLAR COLLAPSE: A Simple Breakdown to a Complex Crisis (Currency Reset)

Taylor Kenny:  1-21-2025

he collapse of the dollar is accelerating, driven by unsustainable debt, geopolitical alliances, and technological advancements like CBDCs.

These forces are leading us toward an inevitable Currency Reset that will reshape the global economy. Learn what’s happening, what’s coming next, and how to protect your wealth.

CHAPTERS:

00:00 - Why this might be the most important video of the year

00:36 - Understanding the Dollar’s central role

02:15 - The illusion of Dollar strength

 02:54 - Four driving forces behind the Dollar’s collapse

11:25 - The process leading to a Currency Reset

 12:02 - What happens during a Currency Reset

13:15 - Gold as the foundation of a new financial system

https://www.youtube.com/watch?v=TRbYWyJ9Sv8

Coffee with MarkZ and Zester joins for commentary. 01/21/2025

Coffee with MarkZ and Zester joins for commentary. 01/21/2025

PDK Note: I will not transcribe political opinions. Only RV related information.

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good morning everyone… Welcome to the first day of the rest of our lives

Member: Today’s a new day the sun is shining down on us. Blessings are coming.

Member: Hoping for big RV news today!!!

Member: Any RV news or bond news or banking news today?

MZ: I have 3 different bond sources that say they will process this afternoon.   They were told today is “GO” day and bonds go off “stuck” this afternoon. A number of international sources say today it is ON….these are folks from all over the globe.  Coming from so many different sources I find it very reassuring.

MZ: I will be sitting around on pins and needles all throughout today and tomorrow…hoping to see a historic bond person with full blown money from final contracts…..I am excited..

Member: Then after bonds start….we currency folks should start getting notifications….right?

MZ: In Iraq: “ A political parliamentary agreement settles the controversy of the three laws in preparation of the “one basket” session.  They are moving the laws together to get them wrapped up.

MZ: “Government representative in Parliament sends an amendment to an amendment regarding budget law” This one is specifically on rate and they are pushing to have the budget settled …this is also about the oil in the Kurdish region .We should have had action on this today. They are waiting to squeeze in one last number …then we should budget tables and rates. When they adjust budget tables it’s an ideal time to adjust “value”

MZ: There is some pretty exciting stuff coming for Iraq this morning.

MZ: “The discovery of the largest oil storage in the center of the country with 2 Billion barrels.” Every time we turn around – we find out Iraq has more resources. Gold, Rare earth minerals and even more oil. This is $140 billion more in oil to support their currency.

Member: Has it been confirmed that the new notes in Iraq are of lower denominations?

MZ: “ Leaving the red list is an important step to attract international companies” this is all about going fully international without restrictions.  They are off the red list and no longer considered dangerous. To be fully international they need a currency that is not restrictive.

Member: Have we confirmed the lower denomination notes - 1's, 5's, 10's, 20's, etc? If we have, Iraq will also need coins. There has been no conversation about that.

MZ: “Communist Vietnam follows libertarian Milei’s path in a surprising turn” Its time they start making governments efficient. There is a massive overhaul occurring in Vietnam. Almost sounds like they are onboard with Gesara stuff.

Member: What’s your thoughts on Trump saying during his inaugural speech he’s going to sign into effect the external revenue service immediately

Member: That is supposed to start and then US citizens get much lower or no income taxes to pay…woohoo.

Member: I wonder if Trumps team  has to announce the country is broke an we have to restructure our financial system?

Member: GOLDEN age has started. President Trumps  first sentence. Waiting for the gold back currency to happen?

Member: Welcome to the Golden age… Pay the bonds and RV the currencies please…Looks like Nesara today.

Member: That most likely was the announcement of NESARA. Although Trump has mentioned the Golden Age many times. He also said no wars, sovereignty, +more

Member: Good morning, seriously are we ever gonna to get to the end of this, I feel like Iraq has been for quite awhile now and we are all just being played by the United States

Member: The US got an entire new administration yesterday….Give them a chance to get their to-do list started.

Member: Keep the faith everyone….the best is yet to come.

Member: hoping big things start happening soon with our RV…….Come on Iraq….

Member: Everyone enjoy your day.

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=zRq3ofBEerA

News, Rumors and Opinions Tuesday 1-21-2025

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 to the Restored Republic via a GCR: Update as of Tues. 21 Jan. 2025

Compiled Tues. 21 Jan. 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 14 Jan.: “All the information is saying “Next week.” …JFK Awakening Q17 on Telegram

Sat. morning 18 Jan. 2025 CMKX Holders expecting notification within 72 hours

Mon. 20 Jan. Wolverine: Hi guys I like to offer a incredible thank you to an incredible humanitarian Charlie Ward as he was always right that nothing was going to happen till Biden is removed from power and he told me that two years ago and he never ever waived from that. I should’ve listen to him and stayed on that course. Most of the Intel during all this time was total disinformation to catch the bad guys and I suppose people like myself were used to deliver disinformation not to harm you but to catch these criminals. Tomorrow Tues. 21 Jan. 2025 everything starts. I was told but not confirmed that notifications will start tonight and if it does happen the opera will be up. God bless you all we are finally here. Wolverine

Earlier Wolverine Posts: “Things are in motion. The Tier 4B group things won’t start until two or three hrs after the inauguration on Mon. 20 Jan. T4B Event Intel said at Sunrise tomorrow, Tues. 21 Jan 2025, the IQD should be on the London Stock Exchange and already climbing and short on the heels of the Lira. The British pound shall fall. Q Military: “Long Live the Dinar.” Mountain Goat: “I am told by my CBI contact that they are giving Iraq a “thumbs up” to move ahead.”   God Bless, Wolverine

Tues. 21 Jan. 2025 US reaches it’s debt limit, Trump has to do something to fund the government.

MarkZ: “My Asian Contact said he was expecting the RV on Tues. 21 Jan. or Wed. 22 Jan.

On Sat. 25 Jan. 2025, the first phase of the wealth redistribution will officially commence for the general public. …JFK Jr. on Telegram

Read full post here:  https://dinarchronicles.com/2025/01/21/restored-republic-via-a-gcr-update-as-of-january-21-2025/

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

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

Militia Man  Iraq's got 43% more oil than Kuwait.  What [Kuwait] doesn't have is non-oil revenues.  It's very powerful.  It shows Iraq is totally capable of having a real effective exchange rate that could be at least competitive and similar to the region.

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:There is a news program on television right now talking about currencies and the countries of these currencies.  It looks like they want to give us more monetary reform education before they give us our new currency...One of them is Kuwait dinar...the currency is $3.23 with $105 million in reserve.  We, Iraq have $145 million in reserves and we say that we are 43% higher in reserves in Kuwait...We should be also having stronger currency too as we see it.  FRANK:  Of course.

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

ARS Vs IQD Inflation Rate; Investment Showdown

Edu matrix:  1-21-2025

Discover why investing in Argentina and Iraq could be your next big financial move! In this video, we dive into the contrasting inflation rates of these countries—Argentina at a staggering 117.8% and Iraq at 4.5%—and explore what this means for international investors.

https://www.youtube.com/watch?v=e4NZMYvlfuY

Germany’s Economy Has Fallen: Here’s What It Means For The World

Sean Foo:  1-21-2025

Germany's stagnation is getting from bad to worse. Their economy has crashed 2 years in a row, highlighting how serious the energy crisis is getting. As a result, political instability is brewing with the opposition pushing the country to decouple from the EU and the Euro. What's what you must know!

Timestamps & Chapters:

0:00 Germany's Two-Year Crash

3:01 Truth Of The Energy Crisis

 5:56 Industrial Rescue Needed

8:57 Will Germany Leave The EU?

11:10 Shocking Impact on The Euro

https://www.youtube.com/watch?v=3hRwzBwTW1g

Seeds of Wisdom RV and Economic Updates Tuesday Morning 1-21-25

Good Morning Dinar Recaps,

BRICS REALIZE THEY CANNOT CHALLENGE THE US DOLLAR

The US dollar started 2025 with a bang leaving local currencies of BRICS countries distantly behind in the charts. The DXY index, which tracks the performance of the US dollar shows the currency crossing the 110 mark.

The US markets are confident that Trump’s re-election could turn the fortunes of America and bring economic prosperity. The same positivity is lacking in developing countries as their local currencies are being hammered by the raging US dollar.

The BRICS alliance, which kick-started the de-dollarization agenda is now reeling under pressure from the US dollar. BRICS country India’s local currency, the rupee, has fallen to a lifetime low of 86.68 this week. The rupee fell four trading sessions in a row as the USD trampled the currency in the charts. Currency experts predict that the Indian rupee could fall to 90 to 92 levels in the next 10 months.

BRICS No Challenge to the US Dollar

The US dollar is strengthening in the indices with the massive inflow of funds entering the American markets. Institutional investors offloaded most of their overseas funds and are now taking entry positions in the US markets.

 The belief that Trump’s rule could bring fortunes has reached a peak in 2025. The first instance of the market gaining steam occurred immediately after he was declared the winner in November. This puts BRICS on the back foot as it stands no chance to challenge the US dollar during Trump’s tenure.

Trump has already threatened BRICS with 100% tariffs if they plan to abandon the US dollar for trade. The alliance is now left with obeying his demands as a tariff increase will only hurt their economies.

The de-dollarization agenda could fail under his rule as the President-elect aims to safeguard the USD. Whether he will bring in laurels to the US stock market or cause a dent, only time will tell.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

RAMASWAMY EXITS DOGE FOR OHIO GOVERNOR BID, LEAVING MUSK AS SOLE HEAD

Vivek Ramaswamy said on X he was leaving the Department of Government Efficiency and was “confident that Elon and the team will succeed in streamlining government.”

Entrepreneur and former presidential candidate Vivek Ramaswamy will no longer co-lead the Department of Government Efficiency (DOGE) alongside Elon Musk, and is reportedly opting to run for Ohio governor instead.

“It was my honor to help support the creation of DOGE,” Ramaswamy said in a Jan. 20 X post. “I’m confident that Elon and the team will succeed in streamlining government.”  

Ramaswamy didn’t elaborate on his future plans, but CBS News and The New York Times were among the US media outlets reporting that the business leader and author would soon announce he is running run for governor of Ohio.

Ramaswamy said that he’d “have more to say very soon” while reaffirming his support for President Donald Trump.

“Vivek Ramaswamy played a critical role in helping us create DOGE. He intends to run for elected office soon, which requires him to remain outside of DOGE based on the structure that we announced today,” DOGE spokesperson Anna Kelly told the Associated Press.

Ohio Governor Mike DeWine’s second — and legally his last — term will end in January 2027.

On Jan. 18, Ramaswamy re-shared an X post from a parody account using this likeness that stated he was running for governor of Ohio, with the pro-crypto Republican commenting that it wasn’t “a bad idea.”

Politico reported that Musk made it known that he wanted Ramaswamy out of DOGE in recent days. A Republican strategist close to Trump’s advisers told Politico that Ramaswamy “just burned through the bridges and he finally burned Elon. Everyone wants him out of Mar-a-Lago, out of D.C.”

The move was driven in part by Ramaswamy’s criticism of American culture. In December, he made a post on X stating that tech companies hire foreign workers  partly because of a mindset that has “venerated mediocrity over excellence.”

The now-solely Musk-led advisory organization, named after his favored cryptocurrency Dogecoin, was officially created through one of a slew of executive orders that Trump signed on his first day in office.

DOGE is already on the firing line as it was hit with lawsuits from consumer advocate group Public Citizen and other nonprofit groups minutes after Trump took office.

The lawsuits allege that DOGE violates the Federal Advisory Committee Act by allowing private individuals to make government decisions without proper transparency and oversight.

DOGE, which was announced by Trump soon after his electoral victory in November, is designed to slash federal spending through budget cuts and mass firings.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Childfree People Get The Wrong Financial Advice

Childfree People Get The Wrong Financial Advice — and they’ll be paying for it in their old age

Alessandra Malito  Sat, January 18, 2025  MarketWatch

People who don’t have children aren’t getting the best financial advice, one author says.

There are more than a dozen differences in financial and estate planning for people with children and those without — but the financial-planning industry doesn’t address them separately, according to Jay Zigmont, founder of Childfree Wealth, a life- and financial-planning firm dedicated to helping childfree individuals. Zigmont, who himself doesn’t have children, is also the author of a new book, “The Childfree Guide to Life and Money.”

“There are assumptions and things built into the system that means, ultimately, childfree people are getting bad advice, or at least advice in the wrong direction,” he said.

Part of the problem could lie in how advisers make money. Individuals who don’t have children might want to spend all of their money while they’re living, while those with children could have bigger goals of leaving behind an inheritance.

This clashes with one of the most common ways advisers make money in the financial-planning industry: the assets-under-management model. With AUM, an adviser’s compensation is a percentage of what the adviser is managing — so when the money in the account dwindles, so does the fee.

“How does that compare when someone is trying to die with zero?” Zigmont said. “There’s a conflict of interest.”

The right financial planner for a childfree individual or couple will acknowledge the nuances, Zigmont said. “Your planner needs to understand how things are different for you, and that’s a challenge to get good advice,” he said.

Beyond the importance of money management is estate planning, which needs to be tended to immediately for childfree folks.

Zigmont spoke with MarketWatch about some of the most important aspects of planning for the childfree life, and how it differs from financial planning for people with children. This interview was edited for clarity and length.

TO READ MORE:   https://finance.yahoo.com/news/childfree-people-wrong-financial-advice-105900984.html?.tsrc=fp_deeplink

“Tidbits From TNT” Tuesday Morning 1-21-2025

TNT:

Tishwash:  The largest oil reserve was discovered in central Iraq

The Middle Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the East Baghdad South Field.

The company's general manager, Mohammed Yassin Hassan, stated in a statement received by {Euphrates News} a copy of it that the main exploratory well testing operations in the East Baghdad field had achieved great success, as a highly productive oil flow of medium and light oil was obtained.

It is expected to add more than two billion barrels to Iraq's oil reserves, making it the largest oil discovery in central Iraq.

The Director General pointed out that the initial tests of the well showed a daily production rate of up to 5,000 barrels of crude oil.

Yassin praised the fruitful cooperation between Iraqi engineers at the Middle Oil Company and their counterparts at the Chinese EBS Company, which resulted in precise planning and strict implementation of well testing procedures in areas within the oil field.

This discovery is of strategic importance as it adds to Iraq’s oil reserves, which rank fifth in the world in proven reserves. This achievement also enhances the production capabilities of Iraq, one of the founding and influential members of the Organization of the Petroleum Exporting Countries (OPEC), which supports its pivotal role in the global energy market.  link

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

Tishwash:  Al-Sudani in a telegram to Trump: We are committed to strategic relations under the umbrella of respect for sovereignty and non-interference

Prime Minister Mohammed Shia Al-Sudani sent a congratulatory telegram today, Tuesday, to US President Donald Trump, on the occasion of his assumption of office as President of the United States of America.

Al-Sudani indicated in the telegram, according to a statement from his office, a copy of which was received by {Euphrates News}, that Iraq aspires to strengthen the bonds of cooperation and partnership with the United States, within the framework of the strategic agreement and the common interests of the two countries, stressing the importance of working to support the foundations of stability, security and development regionally and internationally.

Al-Sudani stated that the Iraqi government adheres to strategic relations with the United States, and seeks to activate and expand the scope of implementing all bilateral memoranda of understanding, and bilateral security and economic coordination, under the umbrella of respect for sovereignty, non-interference in internal affairs, and supporting bilateral exchange in the cultural and technological fields, and the fields of investment and sustainable development.  link

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

Tishwash:  President of the Republic: Our participation in Davos confirms Iraq's growing role in the global arena

President of the Republic Abdul Latif Jamal Rashid stressed that Iraq's participation in the Davos talks confirms its growing role in the global arena.

Rashid said in a tweet on the (X) platform, followed by the Iraqi News Agency (INA), "I am proud to see Iraq and the Kurdistan Region well represented in Davos, which is an important annual gathering of global leaders and thinkers. Our participation in these talks confirms Iraq's growing role in the global arena and our commitment to confronting common challenges through dialogue, innovation and cooperation."  link'

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

Tishwash:  Directive from the Central Bank regarding the 5,000 dinar banknotes 

The Central Bank stressed, on Monday, that Iraqi banknotes are homogeneous in all their denominations and are accepted by all its branches, and that the delivery of one denomination and the rejection of another by certain banks is a violation of the law, requesting a list of the names of these banks.

text of document:  Date 1/16/2025

Federation of Iraqi Chambers of Commerce / President's Office

m/damaged currency

Greetings.

Your letter No. 1 dated 1/5/2025 regarding banks that refuse to receive small denomination banknotes and the (5,000) dinar denomination.

We would like to inform you that the instructions of this bank stipulate that Iraqi banknotes are homogeneous in their various categories, have absolute legal tender and are accepted by the Central Bank of Iraq, its branches, banks, institutions and the public. Discrimination between their categories by imposing a certain category on the public or refusing to receive a certain category is unacceptable and is considered a violation of the law.

We hope you will provide us with the names of the violating banks that refused to receive banknotes. With appreciation. link

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

Mot: Jumping Days 

Mot:  it Has Begun!!!!