MilitiaMan & Crew-Iraq Dinar News-Federal Court-Decisions-Salaries-Budget-Central Bank of Iraq-Oil Exports-RLUSD

MilitiaMan & Crew-Iraq Dinar News-Federal Court-Decisions-Salaries-Budget-Central Bank of Iraq-Oil Exports-RLUSD

11-26-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=8u7bkF7kc8k

Seeds of Wisdom RV and Economic Updates Tuesday Evening 11-26-24

Good Evening Dinar Recaps,

IS RIPPLE CEO BRAD GARLINGHOUSE PICK FOR DONALD TRUMP’S CRYPTO CZAR?

Ripple CEO Brad Garlinghouse is rumored to be Donald Trump's pick for Crypto Czar as Ripple eyes IPO and expands post-SEC victory.

▪️Ripple CEO Brad Garlinghouse may become Trump's Crypto Czar, says ex-executive Sean McBride.

▪️50M XRP tokens, worth over $70M, recently moved between unidentified wallets.

▪️Ripple preps for IPO and leadership change as SEC legal battle ends.

Ripple CEO Brad Garlinghouse has become a key figure in discussions around the rumored “Crypto Czar” position in Donald Trump’s White House. Speculation about Garlinghouse’s potential role in shaping U.S. crypto policy gained momentum following comments from former Ripple executive Sean McBride.

This comes amid notable developments in the crypto industry, including the movement of 50 million XRP tokens valued at over $70 million between unidentified wallets.

Ripple CEO Brad Garlinghouse Pick for Donald Trump’s Crypto Czar?
The concept of a “Crypto Czar” role emerged as Donald Trump’s incoming administration considers creating a dedicated position to oversee crypto policy. Former Ripple executive Sean McBride hinted at the possibility of Ripple CEO Brad Garlinghouse stepping into this role. McBride shared his thoughts on X (formerly Twitter), saying,

“There is a real and growing possibility Brad Garlinghouse will be chosen as Trump’s new Crypto Czar.”

According to McBride, Garlinghouse may step down from his position as Ripple CEO if appointed. He also suggested that Ripple already has plans for leadership succession. This potential move aligns with Ripple’s recent resolution of its legal battle with the SEC, a development that may allow Garlinghouse to take on broader responsibilities.

Ripple, under Brad Garlinghouse’s leadership, has become a leading player in the blockchain and digital asset space, with its native token XRP seeing renewed attention from investors. The company has been preparing for an IPO and expanding its offerings, positioning itself for future growth.

Crypto Community Divided on Candidates for Crypto Czar
While Ripple CEO Brad Garlinghouse’s name is in the spotlight, other candidates are also being considered for the role. 

Chris Giancarlo, the former chairman of the Commodity Futures Trading Commission (CFTC), is viewed as a strong contender. Known as “Crypto Dad,” Giancarlo has consistently supported regulatory clarity for blockchain and digital assets. Reports suggest Giancarlo removed himself from consideration for SEC Chair, leaving him available for the crypto-specific role.

Another candidate is Brian Armstrong, CEO of Coinbase. Armstrong has received public support from Charles Hoskinson, founder of Cardano. Hoskinson emphasized Armstrong’s ability to navigate regulatory challenges and unite the crypto industry. Armstrong has reportedly met with Trump’s team to discuss crypto policy, fueling speculation about his potential appointment.

Former Comptroller of the Currency Brian Brooks and Ripple’s Brad Garlinghouse are also viewed as viable choices. Each candidate brings unique experience to the role, with Trump’s team said to be carefully vetting options before making a decision.

Ripple Timing Could Influence Garlinghouse’s Move
Garlinghouse’s potential transition to a government role comes at a pivotal time for Ripple. With its lengthy SEC legal battle largely resolved and plans for an IPO rumored, the company is in a strong position. Former Ripple executive McBride commented,

“I think the timing works for Brad and Ripple given some of the other things happening publicly and behind the scenes.”

Ripple has also been focused on product launches and potential mergers, signaling a period of growth and transformation. If Garlinghouse steps down, Ripple is expected to have a smooth leadership transition, ensuring continued progress in the rapidly evolving blockchain space.

@ Newshounds News™

Source:  CoinGape

~~~~~~~~~

BRICS MOVING AWAY FROM THE DE-DOLLARIZATION AGENDA

Russia’s President Vladimir Putin proudly displayed a mock-up currency bill at the 16th summit in Kazan this year. The BRICS alliance clarified that the banknote is unofficial and was only a display presented by Putin. The theatrics of a BRICS currency followed Russia’s de-dollarization agenda to evade sanctions.

However, the de-dollarization agenda has no takers even among the existing BRICS members. Countries like India, South Africa, and Brazil are slowly taking a step back as the dust settles after the summit. Only desperate countries like Russia, China, and Iran are advancing de-dollarization using BRICS as a stepping stone.

BRICS: Russia & China’s De-Dollarization Plans Find No Takers

No serious development about launching a new BRICS currency is taking shape within the bloc. The formation of a BRICS currency is consensus-based and needs the approval of all members before taking shape. India has distanced itself from the de-dollarization agenda despite being a member of the BRICS alliance.

India needs the US dollar to survive, as without it, its goal of becoming the third-largest economy will stall. The Indian economy is closely tied to businesses in the US for the IT sector, not other BRICS countries. The de-dollarization initiative pushed by BRICS members Russia and China will only hamper India’s economy and businesses.

China and Russia are only using the BRICS bloc to further their agenda of global financial domination. Even Iran has joined the bandwagon as its economy is battered by US sanctions. While BRICS de-dollarization is growing slowly, it has now become a ‘one step forward and two steps back’ type of approach.

The steps to de-dollarization are long and hard and without unity from the members, it will remain a distant dream. The US dollar has more benefits than other currencies as it can sustain the harsh yet competitive currency markets.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

MIND-BLOWING MONEY LAUNDERING SECRETS HSBC DOESN'T WANT YOU TO KNOW  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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 Newsletter

Thank you Dinar Recaps

The Next Generation Of Employees Will Work 3.5 Days A Week And Live To 100 Years Old

Jamie Dimon Says The Next Generation Of Employees Will Work 3.5 Days A Week And Live To 100 Years Old

Eleanor Pringle  Updated Tue, November 26, 2024  Fortune

JPMorgan CEO Jamie Dimon is shaking off doomsday predictions about what AI means for humanity—instead laying out how he sees the technology vastly improving businesses and the work-life balance of their employees.

Even Dimon—a fierce advocate of long-established career norms such as working hard, being prepared for anything, and working in the office—says future generations of employees could work a day and a half less every week, thanks to AI.

As well as the workweek shrinking from five to three and a half days a week, Dimon also predicts that staff in the future could live to 100 years of age.

Thousands of people at America’s biggest bank are already using the technology, Dimon told Bloomberg TV, adding that artificial intelligence is a “living breathing thing” that will shift over the course of history.

The technology may be utilized by JPMorgan for a vast range of areas—errors, trading, research, and hedging to name a few—arguably illustrating fears that AI will take the jobs of human counterparts.

Goldman Sachs predicts that approximately 300 million jobs will be lost to the technology, with around a quarter of the American workforce fearing in the future they will lose their roles to artificial intelligence.

But the advance of technology is also something societies have grappled with before, Dimon pointed out, adding that with AI and large language models there are also huge opportunities to improve living standards.

“People have to take a deep breath,” Dimon said. “Technology has always replaced jobs. Your children are going to live to 100 and not have cancer because of technology, and literally they’ll probably be working three and a half days a week.”

Employees could scale back on their working hours, thanks to the technology being used to automate some of their activities, McKinsey found in a report published last year.

TO READ MORE:   https://www.yahoo.com/finance/news/jamie-dimon-says-next-generation-120500753.html

Tuesday Evening Chat With MarkZ 11-26-2024

Tuesday Evening Chat With MarkZ

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 evening future wealthy friends

Member: Hello Mark MODS and Everyone

Member: Hoping for a fun update tonight…

MZ: In Iraq- “After the census: Does the Kurdistan region have the right to demand an increase in the share of the Iraqi budget: Analysts answer”   This is part of the HCL agreements  

Member: The HCL IS all the talk right now.

MZ: “Parliamentary finance calls on the government to expedite  sending budget tables” Its all about HCL.

MZ:  Bank Story: (Reading from a member) So I have a connection within a bank and he did a little searching around and said “So that revalue? I’ve been checking some stuff at work…and yeah…many US banks are prepping for the RV in the next 90 days . Chase, Wells , Amex are all preparing things apparently”

MZ: This does not mean it could not happen sooner…..just sometime in the next 90 days.

MZ: I did have one bond contact check in and he said he couldn’t give details but he expects to be fully paid within the next 4 days. He was very specific with “4 days” from this afternoon.

Member: Woohoo! That would be great for Thanksgiving weekend!!!!!

MZ: And I had some Iraqi contacts say it was supposed to go last night – but it didn’t. I heard that late last evening and this morning.

Member: I hope they try again tonight!!!!

Member: Nader said it should be an interesting couple of days!

MZ: And I am still hearing that because of trade agreements- The dong and dinar would roughly RV at about the same time

MZ: “Is the United States considering a Gold-Backed Treasury Instrument? “ A great article from Gold Telegraph.  They are thinking of selling long term US Government bonds attached to gold. We are seeing all the gold being purchased by Central Banks (Including Iraq) .

Member: Shabibi said the rv would be at the start of the year or start of the quarter so I still am counting on Jan 1

Member: Still hoping for sooner than that…..but it is close.

Member: Everyone have a blessed and safe Thanksgiving! Thanks for all you do.

​​Member: May each of you have a very Happy Thanksgiving! Eat, nap, love and laugh! Most of help with the dishes

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.

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

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

More News, Rumors and Opinions Tuesday PM 11-26-2024

KTFA:

Clare:  Iraqi Parliament adjourns session after first discussion of amending triennial budget law

11/26/2024

The Iraqi parliament, headed by Mahmoud Al-Mashhadani, adjourned its session held today, Tuesday, after a first discussion to amend the Triennial Budget Law and two other laws.

The Iraqi Council of Representatives held its 17th regular session for the third legislative year, the second legislative term, headed by the new Council Speaker Mahmoud Al-Mashhadani, with the attendance of 168 representatives. 

According to the media department of the House of Representatives, the House voted to extend its legislative term for one month. 

The Council completed the first reading of the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023.

He also completed the first reading of the draft law amending the fifth amendment to the Civil Aviation Law No. (148) of 1974.

He also completed the first reading of the draft law regulating the rights of the victims of Ibn Al-Khatib Hospital, the victims of Al-Naqa Center, and the victims of the Al-Hamdaniya incident.

During the session, (Hello Mustafa Kaka Reda) took the constitutional oath as Minister of Environment. LINK

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

Clare:  Parliamentary Committee: Parliament will vote on the Industrial Investment Law in its next session

11/26/2024

Deputy Chairman of the Parliamentary Investment Committee, Hussein Al-Saabari, confirmed on Tuesday that the Industrial Investment Law will be voted on in the next session of Parliament, pointing out the importance of the law with regard to customs and tax exemptions as well as banks’ support for the industrial sector. 

Al-Saabari told Shafak News Agency, "The House of Representatives will vote in the next session on the Industrial Investment Law, which is considered one of the important laws in the field of investment, and the law is considered the beginning of the industrial movement in Iraq." 

He pointed out that "this law is considered an important shift in industrial investment, as it contains many articles, including customs and tax exemptions, as well as bank support for the industrial sector and other articles that serve industrialists."

Al-Saabari explained that "there is an article in the law that includes the ownership of land by industrial investors outside the municipality's borders and the basic design."  LINK

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

Clare:  Oil Committee meets to discuss budget amendment text regarding Kurdistan oil

11/26/2024

Baghdad - WAA - Wissam Al-Mulla

The Oil, Gas and Natural Resources Committee held a meeting today, Tuesday, to discuss the text of the budget amendment regarding the Kurdistan Region's oil.

The correspondent of the Iraqi News Agency (INA) said, "The Oil, Gas and Natural Resources Committee held a meeting today to discuss the text of the budget amendment regarding the Kurdistan Region's oil," indicating that "the dates and schedule for hosting the Ministry of Oil officials for the coming week were discussed."
He added that "the reports of the temporary subcommittees formed were discussed," noting that "the date of the periodic meeting at the Ministry of Oil was set to review the achievements of the oil sector and the government program."  LINK

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

Militia Man  All of those things over the last 21 years that they've been working on are now coming to a final end because they're getting to that stage where Iraq is ready to hit the ground running.  They have the saturation.  They have the education for the citizens...well over $110 billion in reserves...153 tons of gold...Their coverage is completely well done for their currency that they have outstanding.  That's a really good sign.

Frank26  I bought my first dinars back in 2004 when they were commissioned by the IMF to print new currency.   I jumped on it right away.  A million back then was between $500 and $600.  Do you realize I have doubled my money if I was to go in and cash my dinars in right now.  I'd walk out with a profit.  But I don't.  That's not my end goal.  I'm looking for the Real Effective Exchange Rate.  That will only occur in float.  It will only float once they release the new currency with a new rate.  IMO that's what we're witnessing right now.

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

How IQD Investors Can Invest Iraqi Stock Market

Edu Matrix:  11-26-2024

How IQD Investors Can Invest in the Iraqi Stock Market - IQD Rate at 1302! Israeli-Iraq Conflict Brewing and Important Call to PM Last Thursday.

 Discover how to invest in the Iraqi Stock Market as a foreigner! Learn how to open a trading account, find the right broker, and navigate opportunities in one of the most intriguing emerging markets.

This guide covers key investment tips, potential risks, and how to tap into Iraq's growing economy with sectors like banking, telecom, and energy.

Perfect for beginners and experienced investors looking to diversify their portfolios internationally!"

https://www.youtube.com/watch?v=OMiiY9mpAOo

Is America Headed for Gold-Backed Money? (And What it Means for You)

Is America Headed for Gold-Backed Money? (And What it Means for You)

Daniela Cambone:  11-26-2024

“The debt spending is going to accelerate… and silver is going to go higher,” says Garrett Goggin, founder and publisher of the Golden Portfolio newsletter.

Speaking with Daniela Cambone, he explains that silver is on track to reach a three-digit high due to its strong connection to the economy. Goggin also expresses optimism about the U.S. economy, predicting an era he calls “America’s great awakening” under Trump 2.0.

Reflecting on historical trends, he suggests a strong correlation between societal decline and the abandonment of the gold standard, stating, “Why did this all happen around the 70s? It's because America got off the gold standard, and then it became all about big business.

 Citizens' health took a back seat to that.”

CHAPTERS:

0:00 Post-election economic analysis

 6:53 Correlations between gold and society

8:07 U.S. economy

10:00 Silver

14:13 Bitcoin

15:40 How will gold perform?

https://www.youtube.com/watch?v=rbwlHAB-P1s

Iraq Economic News and Points to Ponder Tuesday Afternoon 11-26-24

Parliamentary Meeting To Discuss Four Important Oil Files

Tuesday 26 November 2024 | Economic Number of readings: 85  Baghdad / NINA / The Parliamentary Oil, Gas and Resources Committee held a deliberative meeting today, Tuesday, to discuss the text of the budget amendment regarding the Kurdistan Region's oil, and to set dates and a schedule for hosting officials of the Ministry of Oil for the coming week, in addition to discussing the reports of the temporary subcommittees, and setting a date for the periodic meeting at the Ministry of Oil to review the achievements of the oil sector and the government program. / End 5

https://ninanews.com/Website/News/Details?key=1171208

Gold Prices Stabilize After Trump Vows To Impose Tariffs

Time: 2024/11/26 09:10:29 Read: 2,197 times  {Economic: Al Furat News} Gold prices stabilized on Tuesday, after falling three percent in the previous session, supported by increased demand for safe havens following President-elect Donald Trump’s pledge to impose tariffs on all imports from Canada, Mexico and China.

Spot gold was steady at $2,625.48 an ounce by 02:59 GMT, after hitting its lowest since Nov. 18 earlier in the session.

U.S. gold futures rose 0.3 percent to $2,625.80 an ounce.

Trump has vowed to impose steep tariffs on Canada, Mexico and China, raising the risk of trade wars.

Gold is traditionally considered a safe investment during periods of economic and geopolitical uncertainty, including trade wars and other conflicts.

Traders will be closely watching US consumer confidence data and the minutes of the November Fed meeting later today, as well as the first revision of GDP and core PCE numbers due later this week.

Spot silver was steady at $30.29 an ounce, platinum fell 0.2 percent to $937.05 and palladium rose 0.3 percent to $975.65.  LINK

Oil Announces Final Statistics On Exports And Revenues Achieved For Last Month

Economy  | 04:05 - 11/26/2024   Mawazine News - The Ministry of Oil announced today, Tuesday, that the total exports of crude oil amounted to (103) million and (145) thousand and (225) barrels during last October.

The ministry said in a statement received by "Mawazine News", that "the total exports of crude oil for last October, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), amounted to (103) million and (145) thousand and (225) barrels."

It added that "the total quantities of crude oil exported for last October from the oil fields in central and southern Iraq amounted to (102) million and (302) thousand and (862) barrels, while exports to Jordan amounted to (318) thousand and (7) barrels, while the total quantities exported from the Qayyarah field amounted to (524) thousand and (356) barrels."

It is noteworthy that the Ministry of Oil, through its belief in informing the people of the export operations, took this monthly procedure.   https://www.mawazin.net/Details.aspx?jimare=256936

Parliamentary Movement On The Law Of Basra, The Economic Capital Of Iraq

Buratha News Agency1352024-11-26   Deputy Chairman of the Oil and Gas Committee, MP Adnan Al-Jaberi, announced today, Tuesday, that a request was submitted to the Presidency of the Council of Representatives to approve the submission of an oral question to the Governor of Basra about the reasons for delaying the implementation of the Basra Law, the Economic Capital of Iraq.

Al-Jaberi said in his statement, "The local government of Basra has been late in sending the internal regulations of the law since 2023 and has not sent it until now. This is a call to the Prime Minister to expedite the ratification of the internal regulations of the law in order to achieve economic changes for Basra."

He added, "This change will create many job opportunities and will change the appearance of Basra."

After a political debate that continued since 2010 regarding the Basra Law, the Economic Capital of Iraq, the House of Representatives was able to legislate it in 2017, but it has not been implemented to date.

Basra, in southern Iraq, is one of the country's richest governorates, as it floats on a lake of oil and is distinguished by investment sectors such as energy, manufacturing industries, agriculture, animal production, and marine wealth, in addition to tourism, transportation, and storage.

Basra is also the maritime lung of Iraq overlooking the Arabian Gulf with a coastline extending 58 kilometers from Ras Al-Bisha to the port of Umm Qasr in the south, in addition to exporting more than 90% of Iraq’s black gold exports.   https://burathanews.com/arabic/news/453149

Closed Meeting Of The Parliamentary Finance Committee To Discuss Seven Files

Tuesday 26 November 2024 12:00 | Economic Number of readings: 193  Baghdad / NINA / The Parliamentary Finance Committee held a closed meeting this morning, Tuesday, to discuss the draft of the first amendment to the Federal General Budget Law for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023.

The committee will also discuss the report of the draft law of the Center for Banking Studies to submit it for the second reading. , and the proposal for the first amendment to the General Authority for Monitoring the Allocation of Federal Revenues Law No. (55) of 2017, in addition to the proposals for the first amendment to the National Authority for Nuclear and Radiological Control Law No. (1) of 2024, and the proposal for the twenty-second amendment to the Staff Law No. (25) of 1960 submitted by the Health Committee and other topics. / https://ninanews.com/Website/News/Details?key=1171147

Setting A Date For The Completion Of The Land Bank In Iraq

Construction and building  Economy News – Baghdad  The Ministry of Construction, Housing and Public Municipalities, in coordination with the Ministry of Water Resources, will complete the land bank during the coming year to be a central authority that can be relied upon to acquire land for various projects and future investments.

The official spokesman for the Ministry of Construction, Istibraq Sabah, said that his ministry, represented by its management, the Supreme Committee for Lands, has begun since the beginning of this year to prepare the necessary requirements and supplies to establish a land data management center after obtaining the approval of the Council of Ministers to do so, in order to be a reliable entity that can be relied upon to obtain the lands needed for projects, infrastructure, and various investments.

He pointed out that the Supreme Committee for Land Management in the country has reached advanced stages in establishing it, stressing that it will be fully completed and put into service during the coming year, noting that it will be affiliated with the Ministry of Water Resources since the maps of the lands are available with the General Authority for Survey.

In the same context, Sabah explained that work is underway to complete the requirements for equipping it with the computer supplies, electronic systems and software that must be available for the center to operate, in addition to an engineering and technical staff trained to manage it, as it will adopt a unified smart system for inventorying and managing lands and determining ownership and use.

He stated that the main objective of its establishment is that the various governmental and investment agencies face a major challenge in obtaining information related to lands, as they are distributed among various land-owning entities, and therefore there is no single source to rely on in this area. He pointed out that the center will facilitate effective decision-making regarding land management, which will contribute to shortening the time and effort spent by various entities in obtaining lands.

https://economy-news.net/content.php?id=50237

Dollar Exchange Rates Fall In Baghdad And Erbil With The Closing Of The Stock Exchange

Economy |  11/26/2024  Mawazine News – Baghdad  The dollar exchange rates fell in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, on Tuesday, with the closure of the country's stock exchanges.

The dollar prices fell with the closure of the Al-Kifah and Al-Harithiya stock exchanges, recording 150,000 dinars per 100 dollars, while the exchange rates recorded 150,250 dinars per 100 dollars this morning.

The selling prices also fell in the field of exchange in the local markets in Baghdad, where the selling price reached 151,000 Iraqi dinars per 100 dollars, while the purchase price reached 149,000 dinars per 100 dollars.

In Erbil, the dollar also recorded a decline, where the selling price reached 149,850 dinars per 100 dollars, and the purchase price reached 149,750 dinars per 100 US dollars.

https://www.mawazin.net/Details.aspx?jimare=256946

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

Warren Buffett Issues A Warning Ahead Of The $84 Trillion Great Wealth Transfer

Warren Buffett Issues A Warning For All Parents Ahead Of The $84 Trillion Great Wealth Transfer

Chloe Berger  Updated Tue, November 26, 2024  Fortune

Planning your will could make or break your family after your death, warns Berkshire Hathaway CEO and legendary investor Warren Buffett.

"Father time always wins. But he can be fickle,” the 94-year-old billionaire noted in an unusually candid letter released on Monday.

Conversations addressing one’s own death can be a difficult subject to broach. The logistics of what happens to our money and belongings can be an equally dreaded task. But ahead of the $84 trillion Great Wealth Transfer, Buffett asserts that there’s no sense in delaying the uncomfortable and risking future conflicts down the line.

Buffett’s Advice For Parents

As one of the richest people in the world, Buffett is currently worth more than $151 billion. He has voiced his plans for his massive nest egg, pledging in 2010 (alongside Bill Gates and Melinda French Gates) to give at least half of his fortune to charity before his death.

That’s all to say, Buffett’s riches and ensuing estate planning probably seem outside the realm of possibility for most of us. But while Buffett chips away and distributes his massive wealth, he appears to have found advice that’s applicable to more than just billionaires.

“I have one further suggestion for all parents, whether they are of modest or staggering wealth. When your children are mature, have them read your will before you sign it,” he wrote.

Your will should be a dialogue, in the eyes of Buffett. He suggests that parents make sure their children understand “both the logic for your decisions and the responsibilities they will encounter upon your death.” Then a benefactor should answer said questions or concerns, “listen carefully, and adopt those found sensible.”

Buffett admits to doing as much with his kids over the years, and hearing their feedback and suggestions. “There is nothing wrong with my having to defend my thoughts. My dad did the same with me,” he explained.

Many Americans treat money as a taboo topic within their families, but they don’t feel better off for it. Most (56%) say their parents never spoke of money with them, though a striking 81% believe that they would have benefited from having financial education at an earlier age, according to the Fidelity Investments State of Wealth Mobility survey.

Plagued by financial insecurity, younger generations are eagerly awaiting a Great Wealth Transfer—or inheritance from their older relatives. The changing of the tides will likely take place by 2045 and be worth about $84 trillion, Boston-based market researcher Cerulli Associates projected in 2022.

But as boomers and the silent generation prepare to hand off assets and savings, wrinkles start to form. Expectations can be out of alignment, with Gen Z and millennial offspring anticipating to receive more than their elders say they expect to leave behind, according to Northwestern Mutual in ITS Harris Poll survey of more than 4,500 U.S. adults.

And most Americans (72%) report that they don’t feel they have enough financial confidence to manage a large influx of money by themselves, per a Citizens Bank survey of 1,500 U.S. adults. Millennials especially report feeling a lack of confidence in managing a potential future windfall. But a little bit of preparation beforehand could perhaps ease the minds of the privileged young beneficiaries of the Great Wealth Transfer.

When Wills Go Wrong

TO READ MORE:  https://www.yahoo.com/finance/news/warren-buffett-issues-warning-parents-174136443.html

The Financial Iron Curtain Going Up Between BRICS and the G7

Matt Riley: The Financial Iron Curtain Going Up Between BRICS and the G7

Palisades Gold Radio:  11-25-2024

Tom welcomes retired naval officer Matt Riley to the show. Matt shares his background in economics and global affairs and expresses his interest in the developing BRICS system. They discuss the BRICS alliance's diplomacy, economic cooperation, and representation goals.

Matt explains nBRIDGE, a decentralized settlement system, with gold acting as a stable store of value for settling trade imbalances.

Matt explains the use of gold in net settlement currencies and direct payment methods for energy transactions between BRICS Nations.

The bilateral central bank and exchange agreements create a decentralized system, with Dubai being the second-largest gold trading hub due to its diplomatic neutrality.

Matt discusses the potential implications of the BRICS currency system on oil, gold, and silver. He suggests a more stable energy pricing structure could benefit all parties. Maintaining stability in energy prices is crucial for everyone's benefit.

The current system is serving BRICS nations by isolating them from the serious debt problems associated with the US dollar-based system. Lastly Matt encourages listeners to shift focus from financial assets to community and social capital for true wealth and happiness.

Time Stamp References:

 0:00 - Introduction

0:34 - BRICS & Payment Systems

 4:15 - Brief History of BRICS

10:22 - nBRIDGE Exchange System

13:43 - Gold's Settlement Role

15:08 - Basket Structure?

16:41 - Volume of Use?

18:32 - Exchange Dubai vs. London

 20:32 - BRICS Summit Russia

27:43 - Playing Both Sides?

31:24 - PMs & The Road Ahead

35:54 - Silver Role & Industry

40:07 - Oil & Dollar Hegemony

 46:14 - Expectations for BRICS

48:40 - Bypassing Sanctions

 50:50 - Change Mindset & Focus

53:15 - Wrap Up

Talking Points From This Episode

The BRICS alliance explores decentralized digital currency exchange systems like nBRIDGE for economic cooperation and diplomacy.

Matt discusses gold's role in net settlement currencies and stable energy pricing within the BRICS system.

Matt highlights potential benefits of the BRICS currency system, such as stability in energy pricing and reduced reliance on US dollar.

https://www.youtube.com/watch?v=QjOCOUqo8C4

“Tidbits From TNT” Tuesday 11-26-2024

TNT:

House of Representatives votes to extend legislative term for one month

The House of Representatives voted, today, Tuesday, to extend its legislative term for one month.

Today, Tuesday, the Speaker of the House of Representatives, Mahmoud Al-Mashhadani, opened the 17th session with the attendance of 168 representatives.  link

Tishwash:  Al-Alaq: The monetary situation in Iraq is excellent and our reserves support the stability of the exchange rate

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Monday, that the monetary situation in Iraq is very excellent, noting that “the increase in the volume of reserves enables us to support the exchange rate and achieve monetary stability.”

Al-Alaq added in a press statement that the Central Bank is distinguished by its ability to "respond to providing the country's needs for currency," indicating that "foreign transfers for trade purposes are proceeding smoothly after the implementation of the new system."

Al-Alaq revealed that "the Central Bank will launch a new mechanism for travel or treatment transfers next year," stressing that "there are agreements with four companies to launch a new mechanism for travel or treatment transfers."  link

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

Tishwash:  Talk about "fair prices" for oil.. Meeting between Al-Sudani, Russian Prime Minister and Saudi Energy Minister

Prime Minister Mohammed Shia al-Sudani held a joint meeting with the Russian Deputy Prime Minister and the Saudi Minister of Energy to discuss the "energy market situation." 

According to a statement issued by Al-Sudani's media office, a copy of which was received by Al-Jabal, "Mohammed Shia Al-Sudani held a joint meeting with Russian Deputy Prime Minister Alexander Novak, and Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al Saud."

The meeting witnessed "discussions on the conditions of global energy markets, and matters related to the production of crude oil, its flow to markets, and meeting demand."

He added, "The importance of maintaining stability, balance and fair prices was emphasized, while emphasizing the vital role played by the OPEC Plus group in this regard."  link

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

Tishwash:  Al-Sudani: Iraq must always be at the forefront

Prime Minister Mohammed Shia al-Sudani said today, Sunday, November 24, 2024, that: "Iraq must always be at the forefront."

Al-Sudani participated in the memorial ceremony held by the Ministry of Foreign Affairs today, Sunday, on the occasion of the centenary of the establishment of the ministry.

In his speech at the ceremony, Al-Sudani congratulated the centenary of the founding, which occurred in 1924, and the launch of diplomatic work for the modern Iraqi state, and the transition of the country, after independence and joining the League of Nations, to become an effective international and regional pillar among nations.

Al-Sudani reiterated the government's keenness since the beginning of its work to pay great attention to foreign affairs and its institutions based on our country's supreme national interests and constitutional constants, stressing the need to prepare a new generation of young diplomats who believe in the new democratic political system, and this matter will receive the support and attention of the government.

He touched on the humanitarian efforts that Iraq provided to the Palestinian and Lebanese brothers, in addition to the political and diplomatic efforts to prevent the war from spreading and expanding.

Al-Sudani said in the most prominent part of his speech during the Foreign Ministry ceremony:

Iraq is one of the most prominent founding members of the United Nations and its subsidiary organizations, which gave it an international presence and a focal point in many of the pivotal events in the history of the region.

 The Ministry of Foreign Affairs has maintained the spirit of diplomatic work and its basic traditions.

Iraq suffered from isolation due to the policies of the former dictatorial regime, and quickly regained its centrality and position after 2003.

The Ministry of Foreign Affairs was able to perform its national role, which expressed in a distinctive way the new Iraq and contributed to peace, security and openness to all.

We established an important and fixed principle that we called “productive diplomacy” to be the basis of our foreign work.

Our standard in drawing up relations with the countries of the world is to adopt the principle of partnership and bilateral relations based on equality and management of interests, in a way that guarantees Iraq its rights, independence of decision, and sovereignty.

At the beginning of the government, we focused on strengthening relations with countries in the region and the world, and we hosted many international events.

We launched the Vital Development Road Project, which represents an Iraqi diplomatic message before it is an economic one.

We have recalled the role of the Ministry of Foreign Affairs to end the mission of the international coalition and organize relations with its countries on a comprehensive bilateral basis.

The strategic framework agreement to regulate relations with the United States of America has been revived.

We are proud of our government’s achievement in completing the political and institutional construction of the state.

We agreed to end the UN political mission of UNAMI and continue working with the specialized UN agencies.

Iraq has become, by the United Nations’ recognition, a country that has fulfilled all the conditions for democratic, political and developmental transformation.

Iraq called early on to intensify efforts to end the war in Palestine and Lebanon, protect civilians, and work to prevent the war from expanding.

The Zionist entity threatened Iraq with flimsy pretexts that reveal its aggressive intentions, which required us to emphasize not to make Iraq a launching pad for any attack.

We directed the Ministry of Foreign Affairs to follow up on the Zionist threat file in international forums to prevent the entity’s attempts to ignite war in the region further.

The International Criminal Court has issued arrest warrants against the entity's prime minister and former defense minister, which confirms the entity and its leaders' aggressive and criminal behavior.

Our diplomatic missions are called upon to play an active role in clarifying the Iraqi position, which preserves its principles and guarantees the supreme interests of the country.  link

Mot: .......... At least I brought the carrots

Mot:  . and then - Pooof!! -- Next Week  

“Coffee With MarkZ” Tuesday Morning Chat 11-26-2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

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 all you beautiful people

Member: Thanksgiving Blessings and hugs to all

Member: What’s the good word today Mark?

MZ: I am waiting for that bond update this late afternoon into the evening….. What is expected is an update on what bond holders should expect on timing and the release.

MZ: There are some golden articles out of Iraq overnight. “ Finance Committee reveals the outline of amending the budget law”  They are almost done.

MZ: “The Oil Committee meets to discuss the text of the budget amendment regarding Kurdistan oil.” The Kurdish region will start exporting  about 450,000 barrels of oil per month and a extra billion dollars from the Kurdish region for government revenues alone. These are huge numbers and would not be happening if HCL was not at least agreed too. I think they are still hiding that.

Member: Ariel posted the HCL is done

MZ: It’s not been officially announced but there are some solid clues that it could be done.

Member: Iraq is probably done it’s probably the USA that’s holding up the progress.. isn’t that typical

Member: Mark, when do we expect to hear anything "official" out of Iraq? the Wednesday Gazette?

Member: Article: “Iraq announces population census results at over 45 million amid slight increase in males” Quote: “Al-Sudani

MZ: “Iraq exports more than 100 million barrels of oil last October” that was last month. Its obvious we are just waiting on the official HCL announcement .

MZ: And they have placed a mechanism into the budget law for a rate change ……Why would they do that if they did not expect a rate change? There is an amendment specifically for the change in the value of their currency. This is for all of those who says this will never happen.

Member: Mark have you seen the article that Alak said the mechanism will be activated in 10 days and the ri is 95% done and only 5% left to complete

Member: I think with Sudani stating he wants this done by Dec 10th he will come through for he knows-if he doesn’t….. they will take to the streets soon

MZ: There is so much pointing to it all going before Dec 10th.

MZ: “Dollar War- The Eastern camp imposes a new economic reality against Washington’s weapons”  This is a breakdown on BRICS and how they are changing the financial reality. There are options besides the dollar.  It was always the plan that if the western word would not go along with changes in the financial system …BRICS would force the change. We are getting close.  

Member: Markets, freaking out because why? Money! So programmed! That’s why we need the RV!! Chaos stops immediately, people are no longer stressed beyond measure! Get it done Treasury and all involved

Member: can anybody clarify what is meant by needing an NDA for the bonds?

Member: NDA means non-disclosure agreement. Bondholders can't tell rates they get, etc.

Member: are you hearing anything about the Redemption Center Workers?

MZ: They had a busy weekend last weekend. They claim they were getting things squared away and ready . I expect an update tomorrow.

Member: What are they saying the dinar will be worth now?

MZ: They are not.  But most people believe it will be in the high $3.s or low $4’s.

Member: Do you think the Dong will still be half the dinar?

​​Member: I saw the Dong at 0.39 on Saturday

MZ: On the dong we once again had new values show up again. Surprising rates on screens like $3.9003333-I think it was. This was on late Sunday. Was it a glitch or hiccup or testing?  We don’t know. But it is curious. If dong goes that high- WOW

Member: I would sure take that dong rate right now

MZ: We saw an Indonesian rate pop up a few weeks ago at $1.47. This is the rate I have been hearing for over 5 years.

​​Member: IMO, IQD will be $3.81-$4.24, VND $1.65-$2.26 IMO!

Mod: Remember we won’t know rates till our appointment. Anything else is speculation

Member: Dear Lord, make this Thanksgiving & Christmas memorable

Member: I’ll gladly go to the RV appt instead of eating Turkey!

Member: We would be sooo thankful if it went before Thanksgiving??

Member: Thanks Mark!!!! - Thanksgiving week - a time to be grateful for all!!!

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=KtUOkN3Q1H0