Happy Thanksgiving with MarkZ and Zester. 11/28/2024
Happy Thanksgiving with MarkZ and Zester. 11/28/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: Spending some time with friends this Thanksgiving.
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
Happy Thanksgiving with MarkZ and Zester. 11/28/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: Spending some time with friends this Thanksgiving.
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
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THANK YOU ALL FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Thanksgiving Quotes to Share With Your Loved Ones
.70 Best Thanksgiving Quotes to Share With Your Loved Ones on Turkey Day
"There is always, always something to be thankful for."
Country Living Staff Nov 25, 2019
Of course, your Thanksgiving menu is important, but the holiday is so much more than just piling our plates with mashed potatoes. Thanksgiving Day is also a time to show your gratitude for your friends, family, and all that you have in life.
These best Thanksgiving quotes will remind everyone of the reason for the fall season! This list is full of thoughtful words that would make for a great holiday toast or even as a nice Thanksgiving Instagram caption.
The day can be quite hectic, especially if you're hosting this year's festivities—so make sure you read these Thanksgiving quotes for friends and family before November 28, and then save them to read aloud to your guests on Thanksgiving Day.
Or when your day starts to get stressful (and you realize just how many stores are closed on Thanksgiving just as soon as you run out of pumpkin pie ingredients!), just take a moment to scroll through this roundup. We especially love the thankful quote: "Give thanks not just on Thanksgiving Day, but every day of your life.
Appreciate and never take for granted all that you have," which was said by Catherine Pulsifer. It reminds us to be mindful and thankful of all we do have.
We also love these words by Daniel Humm: "What I love about Thanksgiving is that it’s purely about getting together with friends or family and enjoying food. It’s really for everybody, and it doesn’t matter where you’re from." That quote truly encompasses how special the holiday is.
70 Best Thanksgiving Quotes to Share With Your Loved Ones on Turkey Day
"There is always, always something to be thankful for."
Country Living Staff Nov 25, 2019
Of course, your Thanksgiving menu is important, but the holiday is so much more than just piling our plates with mashed potatoes. Thanksgiving Day is also a time to show your gratitude for your friends, family, and all that you have in life.
These best Thanksgiving quotes will remind everyone of the reason for the fall season! This list is full of thoughtful words that would make for a great holiday toast or even as a nice Thanksgiving Instagram caption.
The day can be quite hectic, especially if you're hosting this year's festivities—so make sure you read these Thanksgiving quotes for friends and family before November 28, and then save them to read aloud to your guests on Thanksgiving Day.
Or when your day starts to get stressful (and you realize just how many stores are closed on Thanksgiving just as soon as you run out of pumpkin pie ingredients!), just take a moment to scroll through this roundup. We especially love the thankful quote: "Give thanks not just on Thanksgiving Day, but every day of your life.
Appreciate and never take for granted all that you have," which was said by Catherine Pulsifer. It reminds us to be mindful and thankful of all we do have.
We also love these words by Daniel Humm: "What I love about Thanksgiving is that it’s purely about getting together with friends or family and enjoying food. It’s really for everybody, and it doesn’t matter where you’re from." That quote truly encompasses how special the holiday is.
Nora Ephro “The turkey. The sweet potatoes. The stuffing. The pumpkin pie. Is there anything else we all can agree so vehemently about? I don’t think so.”
Jonathan Safran Foer "Thanksgiving is the meal we aspire for other meals to resemble."
Johannes A. Gaertner “To speak gratitude is courteous and pleasant, to enact gratitude is generous and noble, but to live gratitude is to touch Heaven.”
Randy Pausch "Showing gratitude is one of the simplest yet most powerful things humans can do for each other."
Henry Van Dyke "Gratitude is the inward feeling of kindness received. Thankfulness is the natural impulse to express that feeling. Thanksgiving is the following of that impulse.”
Hausa Proverb "Give thanks for a little, and you will find a lot."
Robert Caspar Lintner "Thanksgiving was never meant to be shut up in a single day."
Gerald Good "If you want to turn your life around, try thankfulness. It will change your life mightily.
J.A. Shedd "He who thanks but with the lips thanks but in part; the full, the true Thanksgiving comes from the heart."
Catherine Pulsifer "Give thanks not just on Thanksgiving Day, but every day of your life. Appreciate and never take for granted all that you have."
Margaret Cousins "Appreciation can change a day, even change a life. Your willingness to put it into words is all that is necessary."
Franz Grillparzer "Drink and be thankful to the host! What seems insignificant when you have it, is important when you need it."
Daniel Humm "What I love about Thanksgiving is that it’s purely about getting together with friends or family and enjoying food. It’s really for everybody, and it doesn’t matter where you’re from."
Unknown "There is always, always something to be thankful for."
Anne Frank "No one has ever become poor by giving."
Joyce Giraud "Thanksgiving is one of my favorite days of the year because it reminds us to give thanks and to count our blessings. Suddenly, so many things become so little when we realize how blessed and lucky we are."
Yogi Bhajan "An attitude of gratitude brings great things."
John F. Kennedy "We must find the time to stop and thank the people who make a difference in our lives."
Charles Dickens "Reflect upon your present blessings, of which every man has plenty; not on your past misfortunes, of which all men have some."
Maya Angelou "Be present in all things and thankful for all."
Amy Leigh Mercree “Thanksgiving is a joyous invitation to shower the world with love and gratitude.”
Wilbur D. Nesbit “Forever on Thanksgiving the heart will find the pathway home.”
Norman Vincent Peale “The more you practice the art of thankfulness, the more you have to be thankful for.”
Willie Nelson “When I started counting my blessings, my whole life turned around.”
James E. Faust “The thankful heart opens our eyes to a multitude of blessings that continually surround us.”
Maya Angelou “When we give cheerfully and accept gratefully, everyone is blessed.”
Charlie Brown “What if today, we were just grateful for everything?”
W. Clement Stone “If you are really thankful, what do you do? You share.”
Bruce Wilkinson “A moment of gratitude makes a difference in your attitude.”
David Steindl-Rast “It is not joy that makes us grateful; it is gratitude that makes us joyful.”
To continue reading, please go to the original article here:
https://www.countryliving.com/food-drinks/g2059/thanksgiving-quotes/
Iraq Economic News and Points to Ponder Thursday AM 11-28-24
Academics: Strengthening Relations With International Institutions Contributes To Supporting The Iraqi
Economy Economical 11/28/2024 Baghdad: the mainstay of the emirate Academics praised the steps of the government of Prime Minister Muhammad Shia al-Sudani to achieve financial reform, indicating that strengthening relations with international institutions contributes to supporting the Iraqi economy.
Iraq has recently succeeded in strengthening its relationship with international economic institutions and organizations, and has projected a positive image to the world with its ability to fulfill its international financial obligations, including the International Monetary Fund, and has been able to begin reform.
Academics: Strengthening Relations With International Institutions Contributes To Supporting The Iraqi
Economy Economical 11/28/2024 Baghdad: the mainstay of the emirate Academics praised the steps of the government of Prime Minister Muhammad Shia al-Sudani to achieve financial reform, indicating that strengthening relations with international institutions contributes to supporting the Iraqi economy.
Iraq has recently succeeded in strengthening its relationship with international economic institutions and organizations, and has projected a positive image to the world with its ability to fulfill its international financial obligations, including the International Monetary Fund, and has been able to begin reform.
Last May, the Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, announced that Iraq had repaid all of the loans it obtained from the Fund, the total of which did not exceed 8 billion dollars. https://alsabaah.iq/106428-.html
Al-Alaq: Growth In Iraq Is In Line With The Global Trend Of Increasing Population
Local | - 11/27/2024 Mawazine News – Baghdad The United Nations Population Fund Advisor, Mahdi Al-Alaq, confirmed today, Wednesday, that the growth in Iraq is in line with the global trend of increasing population.
Al-Alaq explained in a statement to the official agency, followed by "Mawazine News", that "the initial results of the census reflect an annual population growth rate of 2.3%, a rate that classifies Iraq among countries with medium to high population growth."
He added, "These numbers are in line with the global trend of increasing population," noting that "the population of Iraq increased from 31 million people 15 years ago to 45 million people annually."
He pointed out that "the population census is in its final stages, as field teams are working to complete the collection of basic data in some areas, with a focus on addressing deficiencies and ensuring accuracy."
He also explained that "the work will continue until December 10, and that all detailed data will be collected within the next two weeks, as it includes accurate information on the demographic, social and economic characteristics of the population."
Al-Alaq stressed the importance of "this data in supporting sustainable development plans in Iraq, as it will help guide policies related to education, health, housing, and job opportunities, in line with the needs of the growing population." https://www.mawazin.net/Details.aspx?jimare=256971
Withdrawal Of The License Of The Oman Brokerage Company To Buy And Sell Foreign Currencies
November 27, 2024 diamonds: The Central Bank of Iraq decided to withdraw the license of the Amman Company to mediate in the buying and selling of foreign currencies.
For more , click here https://cbi.iq/static/uploads/up/file-173269795553645.pdf
~~~~~
[approximate and incomplete translation of https://cbi.iq/static/uploads/up/file-173269795553645.pdf ]
DATE: 2024/11/26 (Your counterpart in creation)
Ministry of Commerce / Companies Registration Department
M / Withdrawal of leave
Based on the decision of the Board of Directors of this bank No. (257) of 2024 taken in its session No. (1661) six hundred and sixty-one after one thousand held on 2024/11/19, we would like to inform you of the following:
It has been decided to withdraw the license of the Oman Company for brokerage in buying and selling foreign currencies and cancel the certificate of incorporation granted to it from the above-mentioned controls regulating the work of exchange companies and brokerage in buying and selling foreign currencies No. (1) of 2022 as amended. With appreciation. https://cbi.iq/news/view/2721
The Success Of The Economy Saves The Drowning Of Politics
Mahmoud Dagher: At a time when some governments of the rentier system insist on expanding analyzes and political approaches and various elements of ideology, there is a decline in interest in the economics and management of depleted oil resources towards diversification in other governments, to the point where the interests of the economy and the well-being of the population take precedence over others, and the criterion for success becomes clamor.
Industry, agriculture, technology, and the accompanying development of human resources, versus whispers of politics and ideology.
Such a conclusion is prompted by what Moody’s credit rating agency published regarding the new credit rating of the Saudi economy, which reached Aa3 with a stable outlook after eight years ago for this agency, it was A1 with a positive outlook for the future.
It means an improvement in the state’s credit capacity, including its entry into the bond markets and the acceptance of its proposals. Financing and with lower interest.
Rather, more importantly, Saudi banks and other financial institutions enjoy the advantage of the new classification after they could not market their financing except with the old classification because financial institutions cannot exceed the classification. State.
Iraq, for example, is classified as B-, and therefore the highest at which its banks can be classified is the same classification or lower.
It was noted a few months ago that the classification of the largest Iraqi bank, TBI, was downgraded.
The macroeconomic credit rating and its changes depend on numerous economic and financial criteria reflected in the levels of financial and economic performance, including the
level of public debt,
growth rates, and
improved private sector performance, as well as
non-oil revenues and the
performance of non-oil output.
The sum of these criteria leads to an improvement in the level of economic diversification of the rentier state under the classification.
Which is the most important conclusion from the new classification of Saudi Arabia compared to other economies.
The growth rates of non-oil production sectors have increased, expectedly, to 4-5%, in addition to the non-oil revenues reaching about 40% in total public revenues. In fact, Saudi Arabia’s non-oil exports grew by 22% for the month of September 2024, and such results lead to an increase in the share of The output of the private sector in Saudi GDP, which is expected for the latter to grow up to 4.7%.
The high rating of the Saudi economy is attributed to a long-term economic path of diversification transformation that is considered the mainstay of long-term growth, as well as the tangible approach to independence from the oil crises.
Providing economic interests towards higher prosperity is what leads to the easing of political and ideological tension, despite its presence in our region that floats on oil and the problems associated with it.
Yes, improving the performance of the economy is a way to save yourself from the drowning of politics.
views 257 Added 11/24/2024 - 7:36 PM https://economy-news.net/content.php?id=50185
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Thursday Morning 11-28-24
Good Morning Dinar Recaps,
ROBINHOOD CRYPTO EU EXPANDS OFFERINGS WITH CIRCLE USDC STABLECOIN
Robinhood Crypto EU adds USDC stablecoin, providing users access to regulated dollar-backed digital assets and expanding crypto offerings.
▪️Robinhood Crypto EU added Circle's USDC stablecoin, giving 24M registered accounts access to the dollar-backed asset
▪️Circle's CEO confirmed USDC’s inclusion on Robinhood EU, alongside EURC, benefiting from Europe’s clear crypto regulations.
Good Morning Dinar Recaps,
ROBINHOOD CRYPTO EU EXPANDS OFFERINGS WITH CIRCLE USDC STABLECOIN
Robinhood Crypto EU adds USDC stablecoin, providing users access to regulated dollar-backed digital assets and expanding crypto offerings.
▪️Robinhood Crypto EU added Circle's USDC stablecoin, giving 24M registered accounts access to the dollar-backed asset
▪️Circle's CEO confirmed USDC’s inclusion on Robinhood EU, alongside EURC, benefiting from Europe’s clear crypto regulations.
▪️Robinhood EU supports 30+ digital assets.
Robinhood Crypto EU has expanded the options available on its platform, now including Circle’s USDC stablecoin to its European customers. The integration allows users to access a regulated digital asset that is dollar-based, expanding Robinhood’s product portfolio in the crypto space.
Robinhood Introduces USDC Stablecoin To European Users
According to a recent post on X, Robinhood Crypto EU has incorporated Circle’s USDC into its platform, enabling 24 million registered accounts to access the dollar-backed digital asset. This addition aligns with the trading platform’s strategy of offering users compliant options in the cryptocurrency space.
Circle’s CEO, Jeremy Allaire, acknowledged USDC coming on Robinhood stating that the platform could further boost the use of stablecoins in Europe. Beside USDC, Allaire emphasized on EURC, the euro stablecoin of Circle, as both assets operate within the framework of European regulations.
Circle’s CEO added,
“EURC is the largest Euro Stable, has grown fast this year, is taking advantage of clear and fair regulations in Europe (alongside USDC!) and is growing TX volume, onchain FX use, and more and more exchanges and wallets launching support.”
Crypto Services Across European Markets
Robinhood continues to broaden its cryptocurrency portfolio, offering support for over 30 digital assets. The platform provides the lowest-cost trading across European markets, further cementing its position as a leading crypto platform. The inclusion of USDC in its offerings demonstrates dedication to providing investors with a diverse range of options.
Recently, the trading platform added Dogwifhat (WIF), a Solana-based meme coin, to its list of supported cryptocurrencies. The listing triggered a surge in WIF price and trading volume, highlighting its influence on market trends within the crypto sector.
In parallel developments, Circle launched USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) on the Aptos blockchain. This integration enables the native issuance of USDC on Aptos, improving its functionality within the network. It also enhances cross-chain interoperability and reduces dependence on bridged versions of the stablecoin.
The CCTP rollout facilitates seamless transfers between Aptos and other blockchains, such as Ethereum, Solana, and Base. The move complements Circle’s USDC strategy, further expanding its usability in decentralized finance.
@ Newshounds News™
Source: CoinGape
~~~~~~~~~
METAMASK INTEGRATES VENMO TO ENHANCE FIAT-TO-CRYPTO ONRAMP OPTIONS
MetaMask added a fiat on-ramp feature through Venmo, allowing US users to buy crypto using the payment app, according to a Nov. 27 announcement.
Crypto-focused fintech Moonpay enabled the new payment method.
Venmo, a PayPal subsidiary, introduced crypto transfers for its customers in April 2023. The company has supported buying, holding, and selling crypto since 2021.
Although the MetaMask fiat-to-crypto option is available in roughly 200 countries, the Venmo partnership is only available for US users.
Efforts on payments
MetaMask first launched a fiat-to-crypto feature in April 2023 and has since added support for payment options via Apple Pay, debit and credit cards, PayPal, wire transfer, and ACH bank transactions.
Other MetaMask partners include Transak, Stripe, Sardine, and Banxa, among others.
The company recently launched the MetaMask Card in August in partnership with Mastercard and crypto service provider Crypto Life. The card is still in its pilot phase and is only available in Europe and the UK.
The debit card allows users to spend balances in USD Coin (USDC), Tether USD (USDT), and Wrapped Ethereum (WETH) at any vendor that accepts Mastercard. Additionally, the card is supported by Apple Pay and Google Pay.
@ Newshounds News™
Source: CryptoSlate
~~~~~~~~~
🌱 WHAT IS THE BEST DICTIONARY | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Thank you Dinar Recaps
News, Rumors and Opinions Thursday AM 11-28-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 28 Nov. 2024
Compiled Thurs. 28 Nov. 2024 12:01 am EST by Judy Byington
Wed. 27 Nov. 2024: Dr. Charlie Ward said that the EBS would sound in two days, while all indications were that the Global Currency Reset and RV were imminent, but no one knew when. The actual procedure for exchange appointments has not yet been announced.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 28 Nov. 2024
Compiled Thurs. 28 Nov. 2024 12:01 am EST by Judy Byington
Wed. 27 Nov. 2024: Dr. Charlie Ward said that the EBS would sound in two days, while all indications were that the Global Currency Reset and RV were imminent, but no one knew when. The actual procedure for exchange appointments has not yet been announced.
Possible Timing: Dr. Charlie Ward on Telegram:
The EBS is about to 9allegedly) begin in just two days!
Buckle Up. Massive Shifts are coming and temporary Martial Law could be on the table.
As the White Hats pull the plug on the Deepstate’s corrupt banking system and transition us to the Quantum Financial System (QFS), chaos is imminent.
Riots, false flags, and turmoil in major cities are expected.
A market crash could be days away.
Total Communication failure is coming.
The EBS will transmit loud emergency alerts directly to mobile phones worldwide via the Starlink satellite system.
During this blackout, there will be (allegedly) NO internet, NO cell service, NOTHING. ATMs, credit, and debit card systems will also go down—they run on the internet. Think about it. This is not a drill.
Wells Fargo, JP Morgan Chase and Bank of America have (allegedly) declared Bankruptcy. More banks are following suit.
This time, there will be NO ONE to bail them out. Depositors could lose everything. Yes, a bank run is not only possible—it’s inevitable. The global financial collapse is here, and the United States is cornered: transition to the new system or perish. There is no other way.
Are you ready? The clock is ticking. The storm we’ve been warning you about is now overhead. Nothing can stop what is coming. EVERYTHING will change. Spread the word.
~~~~~~~~~~
Global Currency Reset:
Judy Note: All indications were that the Global Currency Reset and RV were imminent, but no one knew when the green light would light up.
Wed. 27 Nov. 2024: GESARA: The Largest Wealth Transfer in History – Secret Military Operations, Strikes, and Redemption Centers That Have Already Changed the World – Gazetteller
Tues. 26 Nov. 2024: BREAKING: Donald Trump Jr. Drops Bombshells! NESARA GESARA Brings No Income Tax, No Property Tax, and Flat 14% Tax Revolution! – amg-news.com – American Media Group
~~~~~~~~~~
Global Financial Crisis:
Wed. 27 Nov. 2024: The Bank of Russia announced on Wednesday that it will suspend foreign currency purchases until the end of the year to reduce the volatility in the financial market. The central bank said in the statement that the regulator will continue conducting currency sales operations linked to the National Welfare Fund on the domestic market, while deferred currency purchases are scheduled for next year. This year, the Russian central bank engaged in limited purchases of foreign currencies to stabilize the ruble. Earlier today, the Russian currency dropped to its lowest level against the dollar and the euro since March 2022 following Washington’s sanctions targeting Gazprom bank, Russia’s third-largest bank.
Read full post here: https://dinarchronicles.com/2024/11/28/restored-republic-via-a-gcr-update-as-of-november-28-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Sudani on television again this afternoon saying the CBI has progressed in the 77 past years and they they have dealt with all the challenges and the reforms...Alaq on television talking about the CBI...the more we listen the more it sounds like he's telling us they're going to be giving us our purchasing power very soon. FRANK: They're telling you your country...bank...economy is exploding. That's impossible at a program rate...It's their way of telling you what they promised you...purchasing power in your currency. It is coming.
Fnu Lnu We are hearing a constant drone of how the GOI is trying to combat the parallel market /black market. Once again, I am calling B.S.! Any thinking person can understand and realize, the way you put an instant end to the black market is to revalue the currency (IQD) to a rate higher / more valuable than the Dollar. I maintain that this is nothing more than a stall tactic to hold off the RV / RI of the IQD. Occam's Razor is almost always the correct answer, but why are they doing this?
Confirmed: China is the 'Secret' Gold Buyer
Arcadia Economics: 11-27-2024
After 18 months of consecutive additions to China's gold holdings, they have now gone several months without reporting any additional purchases.
Yet there's been dispute about whether they are buying gold that they're not reporting, and in this morning's show Vince Lanci confirms that they are indeed the 'secret' gold buyer.
To find out more, click to watch the video now!
MilitiaMan & Crew-Iraq Dinar News-Oil & Gas-Projects-Budget 2024 Investment
MilitiaMan & Crew-Iraq Dinar News-Oil & Gas-Projects-Budget 2024 Investment
11-27-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew-Iraq Dinar News-Oil & Gas-Projects-Budget 2024 Investment
11-27-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
The 10 Golden Rules Of Investing Everyone Should Follow
The 10 Golden Rules Of Investing Everyone Should Follow
James Royal, Ph.D. Tue, November 26, 2024 Bankrate
Investing can often be broken down into a few simple rules that investors can follow to be successful. But success can be as much about what to do as it is what not to do. On top of that, our emotions throw a wrench into the whole process. While everyone knows you need to “buy low and sell high,” our temperament often leads us to selling low and buying high.
So it’s key to develop a set of “golden rules” to help guide you through the tough times. Anyone can make money when the market is rising. But when the market gets choppy, investors who succeed and thrive are those who have a long-term plan that works.
The 10 Golden Rules Of Investing Everyone Should Follow
James Royal, Ph.D. Tue, November 26, 2024 Bankrate
Investing can often be broken down into a few simple rules that investors can follow to be successful. But success can be as much about what to do as it is what not to do. On top of that, our emotions throw a wrench into the whole process. While everyone knows you need to “buy low and sell high,” our temperament often leads us to selling low and buying high.
So it’s key to develop a set of “golden rules” to help guide you through the tough times. Anyone can make money when the market is rising. But when the market gets choppy, investors who succeed and thrive are those who have a long-term plan that works.
Here are 10 golden rules of investing to follow to make you a more successful — and hopefully wealthy — investor.
Rule No. 1 — Never lose money
Let’s kick it off with some timeless advice from legendary investor Warren Buffett, who said, “Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.” The Oracle of Omaha’s advice stresses the importance of avoiding loss in your portfolio. When you have more money in your portfolio, you can make more money on it. So, a loss hurts your future earning power.
Of course, it’s easy to say not to lose money. What Buffett’s rule essentially means is don’t become enchanted with an investment’s potential gains, but also look for its downsides. If you don’t get enough upside for the risks you’re taking, the investment may not be worth it. Focus on the downside first, counsels Buffett.
Rule No. 2 — Think like an owner
“Think like an owner,” says Chris Graff, co-chief investment officer at RMB Capital. “Remember that you are investing in businesses, not just stocks.”
While many investors treat stocks like gambling, real businesses stand behind those stocks. Stocks are a fractional ownership interest in a business, and as the business performs well or poorly over time, the company’s stock is likely to follow the direction of its profitability.
“Be aware of your motivation when investing,” says Christopher Mizer, CEO of Vivaris Capital in La Jolla, California. “Are you investing or gambling? Investing involves an analysis of fundamentals, valuation, and an opinion about how the business will perform in the future.”
“Make sure the management team is strong and aligned with the interests of shareholders, and that the company is in a strong financial and competitive position,” says Graff.
Rule No. 3 — Stick to your process
Experts advise investors to develop an investing process that works for them in good times and bad and then stick to that process. If you’re an investor who wants to dig into the details and you have the time to do so, then use that strength. If you’d prefer to not worry about investing so much or don’t have the time, then index funds could be a great option and deliver attractive returns. Either way, stick close to a process that works for you.
One of the best strategies for investors: a long-term buy-and-hold approach. You can buy stock funds regularly in a 401(k), for example, and then hold on for decades. But it can be easy when the market gets volatile to deviate from your plan because you’re temporarily losing money. Don’t do it.
Rule No. 4 — Buy when everyone is fearful
When the market is down, investors often sell or simply quit paying attention to it. But that’s when the bargains are out in droves. It’s true: the stock market is the only market where the goods go on sale and everyone is too afraid to buy. As Buffett has famously said, “Be fearful when others are greedy, and greedy when others are fearful.”
TO READ MORE: https://www.yahoo.com/finance/news/10-golden-rules-investing-everyone-221036688.html
Seeds of Wisdom RV and Economic Updates Wednesday Evening 11-27-24
Good Evening Dinar Recaps,
TRUMP’S TEAM PICKS PAUL ATKINS FOR SEC CHAIR: REPORT
In the ongoing developments surrounding the rapidly evolving cryptocurrency landscape, Donald Trump’s team has reportedly consider a new Securities and Exchange Commission (SEC) chair to replace the current chair, Gary Gensler. According to the latest report, the Trump’s team has consider pro-crypto former commissioner Paul Atkins for the SEC chair position.
Trump’s Team Consider Paul Atkins to Replace Gary Gensler
Atkins is known for his crypto expertise and innovative stance in supporting this rapidly evolving landscape. Following his election as SEC chair, there is a strong possibility that he could actively back and promote U.S. crypto regulation while encouraging rapid growth in the sector.
Good Evening Dinar Recaps,
TRUMP’S TEAM PICKS PAUL ATKINS FOR SEC CHAIR: REPORT
In the ongoing developments surrounding the rapidly evolving cryptocurrency landscape, Donald Trump’s team has reportedly consider a new Securities and Exchange Commission (SEC) chair to replace the current chair, Gary Gensler. According to the latest report, the Trump’s team has consider pro-crypto former commissioner Paul Atkins for the SEC chair position.
Trump’s Team Consider Paul Atkins to Replace Gary Gensler
Atkins is known for his crypto expertise and innovative stance in supporting this rapidly evolving landscape. Following his election as SEC chair, there is a strong possibility that he could actively back and promote U.S. crypto regulation while encouraging rapid growth in the sector.
Recently, Eleanor Terrett, a journalist at Fox Bussiness, noted on X (formerly Twitter),
“Atkins is someone who is not only crypto-savvy but possesses a deep understanding of the inner workings of the agency as both a former commissioner and staffer under two prior SEC Chairs — Richard C.”
Terrett further added that Atkins is seen as being capable of establishing a pro-innovation agenda while returning the agency to the so-called “gold standard” many in the Republican Party feel was lost under outgoing chair Gary Gensler.
Current Market Outlook
Following this much-awaited update, the overall cryptocurrency market began turning green.
As of press time, top assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have registered gains of over 2.75%, 7.5%, and 6%, respectively, in the past 24 hours. Meanwhile, other major cryptocurrencies are experiencing similar upside momentum.
@ Newshounds News™
Source: CoinPedia
~~~~~~~~~
TETHER DOESN’T LIKE MICAR SO DITCHES EURO STABLECOIN
Tether, the issuer of the world’s largest stablecoin, doesn’t like Europe’s MiCA regulations. Other stablecoin issuers are also not keen on the requirement to put a substantial proportion of reserves into bank accounts, as required by MiCAR. But they nonetheless comply. Tether isn’t willing to do so, and today it confirmed it is shutting down EURT, its Euro stablecoin. Users have a year to redeem the coin.
EURT has a market capitalization of €26 million compared to Tether’s USD stablecoin at $132 billion. To date Tether has operated offshore so it’s likely just not worth the work involved to become MiCAR compliant.
MiCAR requires 30% of reserves to be held in bank accounts, with 60% for larger stablecoins. Tether views this as risky compared to investing in Treasuries. Bank deposits also pay less than government bonds.
“Until a more risk-averse framework is in place — one that fosters innovation and offers the stability and protection our users deserve — we have chosen to prioritize other initiatives,” Tether said in a statement.
Tether is known for keeping most of its stablecoin reserves in high risk assets in the past. The company is also accident prone. Over time the quality has improved significantly, but over 15% of its reserves would be considered moderate to high risk.
Instead of becoming MiCAR compliant itself, Tether’s investment arm (with assets separate from the stablecoin) has invested in Quantoz, a company that plans to issue MiCAR compliant US dollar and euro stablecoins. Quantoz will also use Tether’s Hadron tokenization infrastructure.
What about USDT in Europe?
MiCAR came into force for stablecoins at the end of June, but much of the regulations only apply from year end, at which time enforcement actions become a possibility.
The regulations don’t just apply to Euro stablecoins, but other currencies as well. There are caps of €200 million in daily transactions for non euro coins. Given Tether’s USDT sometimes transacts around $100 billion in a day, one might think it would breach these limits.
However, the limits relate to everyday retail transactions. It excludes crypto transactions and all investment transactions and only applies where both the payer and the recipient are within the EU. We previously published a deeper dive into the limits.
Meanwhile, Paxos, the regulated stablecoin issuer has acquired a MiCAR compliant firm, Membrane Finance.
Newshounds News™
Source: Ledger Insights
~~~~~~~~~
WHY ISO 20022 IS ABOUT TO REVOLUTIONIZE FEDWIRE PAYMENTS FOREVER | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Good Evening Dinar Recaps,
TRUMP’S TEAM PICKS PAUL ATKINS FOR SEC CHAIR: REPORT
In the ongoing developments surrounding the rapidly evolving cryptocurrency landscape, Donald Trump’s team has reportedly consider a new Securities and Exchange Commission (SEC) chair to replace the current chair, Gary Gensler. According to the latest report, the Trump’s team has consider pro-crypto former commissioner Paul Atkins for the SEC chair position.
Trump’s Team Consider Paul Atkins to Replace Gary Gensler
Atkins is known for his crypto expertise and innovative stance in supporting this rapidly evolving landscape. Following his election as SEC chair, there is a strong possibility that he could actively back and promote U.S. crypto regulation while encouraging rapid growth in the sector.
Recently, Eleanor Terrett, a journalist at Fox Bussiness, noted on X (formerly Twitter),
“Atkins is someone who is not only crypto-savvy but possesses a deep understanding of the inner workings of the agency as both a former commissioner and staffer under two prior SEC Chairs — Richard C.”
Terrett further added that Atkins is seen as being capable of establishing a pro-innovation agenda while returning the agency to the so-called “gold standard” many in the Republican Party feel was lost under outgoing chair Gary Gensler.
Current Market Outlook
Following this much-awaited update, the overall cryptocurrency market began turning green.
As of press time, top assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have registered gains of over 2.75%, 7.5%, and 6%, respectively, in the past 24 hours. Meanwhile, other major cryptocurrencies are experiencing similar upside momentum.
@ Newshounds News™
Source: CoinPedia
~~~~~~~~~
TETHER DOESN’T LIKE MICAR SO DITCHES EURO STABLECOIN
Tether, the issuer of the world’s largest stablecoin, doesn’t like Europe’s MiCA regulations. Other stablecoin issuers are also not keen on the requirement to put a substantial proportion of reserves into bank accounts, as required by MiCAR. But they nonetheless comply. Tether isn’t willing to do so, and today it confirmed it is shutting down EURT, its Euro stablecoin. Users have a year to redeem the coin.
EURT has a market capitalization of €26 million compared to Tether’s USD stablecoin at $132 billion. To date Tether has operated offshore so it’s likely just not worth the work involved to become MiCAR compliant.
MiCAR requires 30% of reserves to be held in bank accounts, with 60% for larger stablecoins. Tether views this as risky compared to investing in Treasuries. Bank deposits also pay less than government bonds.
“Until a more risk-averse framework is in place — one that fosters innovation and offers the stability and protection our users deserve — we have chosen to prioritize other initiatives,” Tether said in a statement.
Tether is known for keeping most of its stablecoin reserves in high risk assets in the past. The company is also accident prone. Over time the quality has improved significantly, but over 15% of its reserves would be considered moderate to high risk.
Instead of becoming MiCAR compliant itself, Tether’s investment arm (with assets separate from the stablecoin) has invested in Quantoz, a company that plans to issue MiCAR compliant US dollar and euro stablecoins. Quantoz will also use Tether’s Hadron tokenization infrastructure.
What about USDT in Europe?
MiCAR came into force for stablecoins at the end of June, but much of the regulations only apply from year end, at which time enforcement actions become a possibility.
The regulations don’t just apply to Euro stablecoins, but other currencies as well. There are caps of €200 million in daily transactions for non euro coins. Given Tether’s USDT sometimes transacts around $100 billion in a day, one might think it would breach these limits.
However, the limits relate to everyday retail transactions. It excludes crypto transactions and all investment transactions and only applies where both the payer and the recipient are within the EU. We previously published a deeper dive into the limits.
Meanwhile, Paxos, the regulated stablecoin issuer has acquired a MiCAR compliant firm, Membrane Finance.
Newshounds News™
Source: Ledger Insights
~~~~~~~~~
WHY ISO 20022 IS ABOUT TO REVOLUTIONIZE FEDWIRE PAYMENTS FOREVER | 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 Team™ Newsletter
Thank you Dinar Recaps
FRANK26….11-27-24…..THE TRUMPET…
KTFA
Wednesday Night Conference Call
FRANK26….11-27-24…..THE TRUMPET…
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#
KTFA
Wednesday Night Conference Call
FRANK26….11-27-24…..THE TRUMPET…
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
More News, Rumors and Opinions Wednesday PM 11-27-2024
KTFA:
Clare: Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Kurdistan
11/27/2024
The Parliamentary Oil and Gas Committee confirmed, today, Wednesday, that amending the paragraph on paying the costs of extracting the Kurdistan Region’s oil and handing it over to “SOMO” opens the way for expanding exports and improving coordination between the region and the center.
Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, told Al-Furat News Agency that “Iraq is committed to the OPEC system in determining the quantities of oil production, noting that production sometimes falls below the specified ceiling.”
KTFA:
Clare: Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Kurdistan
11/27/2024
The Parliamentary Oil and Gas Committee confirmed, today, Wednesday, that amending the paragraph on paying the costs of extracting the Kurdistan Region’s oil and handing it over to “SOMO” opens the way for expanding exports and improving coordination between the region and the center.
Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, told Al-Furat News Agency that “Iraq is committed to the OPEC system in determining the quantities of oil production, noting that production sometimes falls below the specified ceiling.”
He added: "The recent agreement with the Kurdistan Region included amending a paragraph in the budget related to paying the financial costs of extracting oil and delivering it to SOMO, which opens the way for expanding exports or directing the region's oil to refineries."
He stressed the importance of this understanding between the region, the center and the Ministry of Oil to achieve better coordination in the management of oil resources.
From.. Raghad LINK
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Clare: The Iraqi government signs two memoranda of understanding with Arab tourism, consisting of 7 points
11/27/2024
In Wednesday, Iraqi Prime Minister Mohammed Shia al-Sudani sponsored the signing of two memoranda of understanding with the Arab Tourism Organization. His media office said in a statement received by Shafaq News Agency that al-Sudani received today the head of the Arab Tourism Organization affiliated with the League of Arab States, Bandar bin Fahd Al-Fahid, and his accompanying delegation.
The statement added that during the meeting, they discussed areas of joint work to develop the tourism reality in Iraq, in light of the government's plan to develop the tourism reality.
Al-Sudani stressed the importance of enhancing cooperation with the Arab Tourism Organization to support attracting Arab tourism to Iraq, which is rich in religious, archaeological and natural tourism assets.
According to the statement, Al-Sudani sponsored the signing ceremony of two memoranda of understanding for the Arab Tourism Organization; the first with the Ministry of Culture, Tourism and Antiquities, and the second with the International Development Bank for Investment and Finance, which include expanding and developing tourism cooperation in the following areas:
1- Benefit from the agreement signed between the Arab Tourism Organization and the Islamic Development Bank Group, related to the insurance policy to guarantee investment, with the aim of attracting capital to invest in tourism projects in Iraq.
2- Benefit from the programs of the Arab Tourism Organization and its agreements with international companies in the field of technical consultations and studies.
3- Qualifying Iraqi tourist facilities, including hotels, restaurants and cafes, to obtain the quality and ISO mark.
4- Benefiting from the organization’s programs in training and qualifying workers in the tourism sector at the public and private sectors levels to raise the capabilities of its workers.
5- Studying the possibility of opening a regional office for the Arab Tourism Organization in Baghdad to represent the Arab Mashreq region.
6- Benefiting from the Arab Tourist Card project, which will be launched in Baghdad through the organization’s strategic partner; the International Development Bank and Visa International.
7- Implementing rehabilitation programs for Iraqi youth in the field of quality control of tourism and hotel facilities.
**************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article quote: "The objectives of banking reforming Iraq will end with a high integration that achieves competitiveness, homogeneity, compliance and governance within the Iraqi banking market and achieves the integration of the national banking market with the global market." They haven't ever done that with an exchange rate of 1180, 1166, 1182, 1310, 1450...Never happened. Then why would they just all of a sudden say, 'Now it's okay'? ...Integrating Iraq's national banking market system with the global market system in my view will require a real effective exchange rate...
Frank26 What is it that the Central Bank of Iraq needed in order to bring forth a new exchange rate and the lower notes to the citizens? Security and stability. That was the key. You cannot do anything without security and stability...Article quote: "Alaq, the monetary situation in Iraq is excellent and our reserves support the stability of the exchange rate." ...That's a confession...you have stability!
‘Fiat Is Failing’: Why James Lavish Believes Bitcoin Is the Future of Hard Money
Kitco News: 11-27-2024
Bitcoin is making waves as it approaches $100,000, but according to James Lavish, Managing Partner at the Bitcoin Opportunity Fund, the real story lies in the decline of fiat currencies like the U.S. dollar.
In this interview Jeremy Szafron, Lavish explains why inflation, debt, and currency debasement are fueling Bitcoin’s meteoric rise. He also breaks down key catalysts ahead, including institutional adoption, regulatory clarity following SEC Chair Gary Gensler’s departure, and the potential impact of pro-crypto policies under a Trump administration.
Lavish delves into Bitcoin’s long-term potential, predicting it could rival gold as a global store of value and surpass $1 million per coin within the next decade.
He also shares insights on MicroStrategy’s bold Bitcoin strategy and what retail and institutional investors should watch for in the rapidly evolving crypto landscape.
Whether you’re a Bitcoin enthusiast or a skeptic, this conversation offers critical insights into the future of digital assets.
00:00 Introduction
02:45 Gold vs. Bitcoin: Perspectives from the Investment Conference
05:51 Market Cycles and Election Impact on Bitcoin
11:01 Federal Reserve and Economic Policies
17:49 Bitcoin's Market Position and Future Outlook
18:11 Breaking the 100,000 Barrier
20:18 MicroStrategy's Bold Bitcoin Strategy
22:14 Convertible Bonds and Delta Hedging
26:40 Citron's Short Position on MicroStrategy
28:49 Bitcoin's Future and Market Outlook
31:47 Bitcoin's Growth Potential
34:20 Wealth Disparity and Asset Accumulation
35:10 Conclusion
Iraq Economic News and Points to Ponder Wednesday 11-27-24
Gold Prices Move Cautiously Ahead Of US Inflation Data
Wednesday 27 November 2024 08:24 | Economic Number of readings: 138 Baghdad / NINA / Gold prices fluctuated in a narrow range during Asian trading on Wednesday, amid a set of factors affecting investors, most notably anticipation of US inflation data, which will give indications about the potential extent of the Federal Reserve's (the US central bank) interest rate cut next month.
Spot gold settled at $2,635.56 per ounce by dawn on Wednesday, and basically moved within a narrow range of nine dollars during the session. Gold recorded its lowest level in more than a week yesterday, Tuesday.
Gold Prices Move Cautiously Ahead Of US Inflation Data
Wednesday 27 November 2024 08:24 | Economic Number of readings: 138 Baghdad / NINA / Gold prices fluctuated in a narrow range during Asian trading on Wednesday, amid a set of factors affecting investors, most notably anticipation of US inflation data, which will give indications about the potential extent of the Federal Reserve's (the US central bank) interest rate cut next month.
Spot gold settled at $2,635.56 per ounce by dawn on Wednesday, and basically moved within a narrow range of nine dollars during the session. Gold recorded its lowest level in more than a week yesterday, Tuesday.
US gold futures rose 0.6 percent to $2,635.80.
As for other precious metals, spot silver fell 0.1 percent to $30.39 per ounce, platinum settled at $927.45, and palladium fell 0.4 percent to $973.50.
“There’s a geopolitical element to all of this, with some selling pressure coming from the ceasefire agreement between Israel and Lebanon,” said Kyle Rodda, a financial markets analyst at Capital.com.
The ceasefire between Israel and Hezbollah in Lebanon, brokered by the United States and France, went into effect at 0200 GMT on Wednesday.
Gold is considered a safe-haven investment in times of economic and geopolitical uncertainty, such as trade wars and other conflicts.
“Longer term, I think the trade war that (US President-elect Donald) Trump is going to start could be positive for gold because of the high debt burden and some abandonment of the dollar,” Rodda said.
Federal Reserve officials were divided over whether to cut interest rates again at their meeting earlier this month, but agreed to avoid offering too much guidance on the future direction of monetary policy.
Markets are currently pricing in a 63 percent chance of a 25 basis point rate cut in December, according to the CME Group’s FedWatch tool.
Traders will be closely watching the Core PCE, Jobless Claims and First GDP Revision data, due later today./End9 https://ninanews.com/Website/News/Details?key=1171363
Economist: Non-Oil Revenues To Achieve Significant Growth In 2024
Wednesday 27 November 2024 | Economic Number of readings: 204 Baghdad / NINA / Economic expert Manar Al-Obaidi, a member of the Political Economic Center, announced that the non-oil revenues of the Iraqi state grew during the first nine months of 2024 by 198% to reach the 12.3% barrier of its contribution to the total revenues of the Iraqi state.
Al-Obaidi said in a statement that the total non-oil revenues of the Iraqi state during this period amounted to 14 trillion Iraqi dinars, up from the same period in 2023, which was about 4.7 trillion dinars. Despite the decrease in the value of revenues resulting from taxes on income and wealth by 17%, the increase in commodity taxes by 275% and the increase in the budget's share of public sector profits by 243% contributed to this significant increase.
He explained that for the first time since 2003, non-oil revenues constituted 12% of total revenues and the contribution of oil revenues decreased to reach 88% of total revenues.
He added that the total revenues until September 2024 amounted to 114 trillion Iraqi dinars, an increase of 19% compared to the same period in 2023, which amounted to 95.85 trillion Iraqi dinars.
The improvement in non-oil revenues is due to the reforms made in the tax and customs file, in addition to encouraging profitable public companies to increase their contribution to government revenues. It is expected that non-oil revenues in 2024 will reach the barrier of 18 trillion Iraqi dinars. Despite the increase in this number, it is still far from the planned number in the budget, which amounts to about 28 trillion Iraqi dinars. However, this improvement in these revenues reflects the success of the reforms made in the field of collection and work to increase payment through electronic outlets. / End 9
https://ninanews.com/Website/News/Details?key=1171400
Oil Prices Stabilize Amid Anticipation Of Calm In The Middle East
Time: 2024/11/27 17:52:24 Reading: 546 times {Economic: Al Furat News} Oil prices witnessed stability during trading on Wednesday, as markets assessed the potential impact of the ceasefire agreement between the Zionist entity and the Lebanese Hezbollah.
Markets are also awaiting the OPEC+ meeting next Sunday, in which the producer alliance is expected to decide to postpone the start of the previously agreed production increase.
Price movements
By 1300 GMT, Brent crude futures were up 33 cents, or 0.45 percent, at $73.49 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were up 37 cents, or 0.54 percent, at $69.14.
Both benchmarks settled lower on Tuesday after Israel agreed to a ceasefire with Hezbollah. The ceasefire agreement, brokered by the United States and France, came into effect on Wednesday. LINK
Parliamentary Oil: Amending A Paragraph In The Budget Enhances Oil Exports And Understanding With Kurdistan
Time: 2024/11/27 Reading: 936 times {Economic: Al Furat News} The Parliamentary Oil and Gas Committee confirmed, today, Wednesday, that amending the paragraph on paying the costs of extracting the Kurdistan Region’s oil and handing it over to “SOMO” opens the way for expanding exports and improving coordination between the region and the center.
Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, told Al-Furat News Agency that “Iraq is committed to the OPEC system in determining the quantities of oil production, noting that production sometimes falls below the specified ceiling.”
He added: "The recent agreement with the Kurdistan Region included amending a paragraph in the budget related to paying the financial costs of extracting oil and delivering it to SOMO, which opens the way for expanding exports or directing the region's oil to refineries."
He stressed the importance of this understanding between the region, the center and the Ministry of Oil to achieve better coordination in the management of oil resources. LINK
In Numbers.. Significant Growth In Non-Oil Revenues In Iraq During 2024
Time: 2024/11/27 Read: 1,872 times {Economic: Al Furat News} Iraq's non-oil revenues achieved significant growth during the first nine months of 2024, recording a 198% increase compared to last year, to reach a contribution of 12.3% of the state's total revenues
Economic expert, Manar Al-Obaidi, said in a statement received by {Al-Furat News}, "According to official data, total non-oil revenues during this period amounted to 14 trillion Iraqi dinars, compared to 4.7 trillion dinars during the same period in 2023."
He added: "Despite the 17% decrease in income and wealth tax revenues, commodity taxes increased by 275%, in addition to the increase in public sector profits contributing to the budget by 243%."
He continued: "For the first time since 2003, non-oil revenues constituted 12% of total Iraqi revenues. Total state revenues until September 2024 amounted to about 114 trillion Iraqi dinars, an increase of 19% compared to last year."
Non-oil revenues are expected to reach 18 trillion dinars by the end of the year, a figure that is considered high but less than the budget target of 28 trillion dinars. LINK
What Is Iraq's Connection? Goldman Sachs: OPEC+ Cuts May Support Oil In The Short Term
Energy Economy News - Follow-up Crude oil production in Iraq, Kazakhstan and Russia has fallen in compliance with OPEC+ production cuts, supporting some upside for Brent prices in the near term, according to a recent note from Goldman Sachs.
The investment bank added in its note issued yesterday, Tuesday, that Saudi Arabia is likely to extend oil production cuts due to the recent decline in prices, and that it now believes that oil production cuts will continue until April 2025 instead of January.
Goldman Sachs maintained its forecast for the average price of Brent crude for 2025 at $76 per barrel.
Two OPEC+ sources told Reuters that the group, which includes members of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, is discussing another delay to the oil production increase that was scheduled to start in January.
At the group's most recent meeting on November 3, OPEC+ agreed to postpone a production increase scheduled for December for a month.
The bank said that "any increase in OPEC+ production will be gradual and data-dependent."
Goldman Sachs added that the high level of compliance with OPEC+ production cuts indicates that the group's member states are working together to stabilize oil prices.
He said that the production of Iraq, Kazakhstan and Russia decreased by 0.5 million barrels per day in November.
OPEC members are unlikely to backtrack on voluntary production cuts in the near term, executives from global commodity trading giants Vitol, Trafigura and Gunvor told the Energy Intelligence Forum in London.
But despite OPEC+ production cuts and delays to boost output, Brent crude futures have mostly remained in a $70-$80 range this year, trading below $74 on Tuesday.
Goldman Sachs last week revised its forecast for Brent prices to an average of $80 per barrel this year, despite a supply deficit and geopolitical uncertainty in 2024, pointing to an expected surplus in 2025.
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