What You Could Buy If You Won The Mega Million Jackpot

Here's How Many Taylor Swift Tickets, Iphones and Private Jets You Could Buy If You Won The Mega Million Jackpot

Kate Murphy · Reporter  Yahoo News  Updated Fri, December 27, 2024

The Mega Millions jackpot is more than $1 billion. Here's how many Taylor Swift tickets, iPhones and private jets you could buy if you won. The grand prize drawing will be held Friday at 11 p.m. ET.

The Mega Millions jackpot shot to $1.22 billion this week — the seventh time in Mega Millions history that the jackpot has surpassed the billion-dollar mark.

While a sizable tax bill would knock down the jackpot’s amount considerably, we took a look and opted to use $1 billion to illustrate the full scope of the prize.

Several Stadiums' Worth Of The Most Expensive Taylor Swift Tickets

Ticket prices for Taylor Swift’s "Eras Tour" varied by location and date. When the tour went live in Glendale, Ariz., in 2023, the average ticket price there was $529. But at Lucas Oil Stadium in Indianapolis, the average ticket expense was $3,071, making it the most expensive location, according to USA Today. At that average ticket price, the Mega Millions jackpot winner could afford to buy 325,626 tickets, or buy out the 70,000-seat stadium 4.7 times.

More Arizona Iced Tea Cans Than Jackpot Dollars

A $1 billion jackpot could buy more than 1 billion cans of AriZona tea. You read that right. For more than three decades, the company has consistently kept the brand’s 23-ounce cans at 99 cents. The founder, Don Vultaggio, spilled the tea on the consistent price in an interview with NBC’s Today show earlier this year.

"We're successful, we're debt free, we own everything," Vultaggio said. "Why have people who are having a hard time paying their rent pay more for our drink? Maybe it's my little way to give back."

However, retailers and business owners have the right to set their own prices. That’s why you may pay more than the can’s suggested 99-cent price at a place like a gas station.

TO READ MORE:  https://finance.yahoo.com/news/keep-quiet-heres-know-win-232828281.html

More News, Rumors and Opinions Friday Afternoon 12-27-2024

KTFA:

Clare:  Iraq Stock Market Report

27th December 2024 

Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 26th December 2024).

Please click here to view a table of listed companies and their associated ticker codes.

Note: ISX will be closed from December 31, 2024 until January 6, 2025 due to the end-of-year closing operations. The last trading session of 2024 will be on December 30, and the first trading session of 2025 will be on January 7.  LINK

Clare:  The Central Bank of Iraq honors the members of the Issuance and Treasury Department on their career day

December 26, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, sponsored the first annual celebration for the employees of the issuance and treasuries in the bank and its branches.

The ceremony witnessed the honoring of the employees who won a symbolic shield in appreciation of their distinguished efforts, by the Governor, the Deputy, the Director of the Issuance and Treasury Department, and the branch managers.

His Excellency the Governor praised, during a speech on the sidelines of the celebration, the contributions of all employees of the Central Bank of Iraq, especially the employees of the Issuance and Treasury Department, whose work nature and positions differ from other departments and sections.

His Excellency stressed that we had previously directed to hold a special celebration for the employees of the issuance and treasuries, and this comes in appreciation of their great efforts in the process of sorting, printing, and issuing currency and other basic tasks of their work. 

Central Bank of Iraq
Media Office
December 26, 2024

https://cbi.iq/news/view/2747

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Clare:  Parliamentary Finance: Digital financial transformation will eliminate corruption and money laundering

12/24/2024  Baghdad - WAA - Wissam Al-Mulla

The Parliamentary Finance Committee confirmed, on Friday, that the digital financial transformation will eliminate corruption and money laundering.

The head of the committee, Atwan Al-Atwani, said in a statement to the Iraqi News Agency (INA), "The digital transformation in the financial aspect has become essential and very important to achieve a qualitative shift in sustainable development, and through applications it is possible to provide many job opportunities and provide cash liquidity to the Ministry of Finance."

 He added that "banking needs a qualitative shift, considering that digital transformation eliminates corruption and gets rid of money laundering," explaining that "digital transformation is not a luxury, but rather essential to keep pace with the global development that is proceeding rapidly in this field."

During the fourth annual international scientific conference, entitled (Digital Financial Services - Challenges of Reality and Future Foresight), which was organized last Tuesday, the Ministry of Finance announced that it has made great strides in digital transformation and electronic payment, while indicating that progress has been made in the field of automating customs procedures to ensure financial sustainability and economic diversification.  LINK

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: Television is talking about the discussion for adjustment to have a new exchange rate.  Can you believe that Mr. Frank?  Every day they tell us they're going to give us a new exchange rate...You know why they're telling us they're going to give us a new exchange rate?  They say since the auctions are stopping.  FRANK:  Tell parliament to moooove over...The cash cow is coming to an end... It's coming, that's all there is to it.

Walkingstick  After they stop the auction the nation of Iraq's currency has to be backed by something.  It will no longer be backed by the American dollar.  But with a basket, the other currencies can back up the Iraqi dinar.  But that's not the best way for it to go.  The best way is for the Iraq dinar to be backed by gold or by its assets inside of that basket giving it the most power for all the other currencies...No doubt the currency of Iraq is not just backed by oil but by endless amount of things

Roadmap to Ending the Fed, 'It Can Be Done' Says Ron Paul

Commodity Culture:  12-27-2024

Ron Paul has been a staunch advocate of sound money, fiscal responsibility, and putting an end to the Federal Reserve banking system for his whole political career, and he lays out a roadmap for how to put an end to the Fed, once and for all.

Dr. Paul also gives his take on DOGE and its chances of success, the possibility of America returning to a gold standard, and much more.

00:00 Introduction

 00:41 Can the Debt Issue in the US Be Solved?

05:44 Can We Return to a Gold Standard?

12:42 Is DOGE Another Grace Commission?

16:41 Roadmap to Ending the Fed

 21:15 Auditing America's Gold Reserves

 26:08 Incentivizing US Uranium Production

https://www.youtube.com/watch?v=ms7wtOxXabk

Coffee with MarkZ and Mr. Cottrell 12/27/2024

Coffee with MarkZ and Mr. Cottrell 12/27/2024

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 Mark, Mods and RV family

Member: Months back Mr. C said he thought the beginning of January for the RV and here we are!

Member: any news on in-country rates?

MZ: They have not changed yet. We have people on the ground in Iraq and there are a lot of talk and rumors- but, rates have not changed yet.

Member: Will be be taxed on this exchange?

MZ: I am still told no….but, I have set aside funds to cover it just in case.

Member:  Maybe they are waiting for the inauguration so we don’t have to pay taxes?

Member: I think that the U.S. Treasury has some control on the R.V. timing and they may wait until after the Trump inauguration.

Member: Has there ever been a revaluation of more than one currency at the same time?

MZ: Yes there has. Around Word War 2. And I shared a lot of information last night on the Kuwait Revalue. Links are posted.

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

Member: Some are saying that Iraq has to RV by 31st Dec ….. is it a rumour?

Member: there are a lot of rumors floating around.

MZ: As for rumors- they are definitely out there. I am hearing rumors from groups attached to Indian Nations that they are being told to prep for imminent release. It could be within days….. Similar mechanism are being re-enacted to when Kuwait RV’d. Some Indian Nations did very well when Kuwait revalued. This has me really excited.

MZ: “Iraqi Dinar falls a week before dollar selling platform closes”  So auctions have not yet closed…but seems people are starting to panic. Many believe though that the dinar rate will increase to become more than a dollar …so they need to get through a little turbulence on the dinar RV stream

MZ: “Within days: business confused with the dollar exchange rates expected to rise in parallel market” Businesses are trying to figure out how to price things. The government created a committee to address how to reprice things for sudden value changes.

MZ: “Calls for Re-Evaluation on the cost of oil production in Kurdistan under the supervision of an international audit firm”  Finally on the HCL….they are bringing an outside audit firm to determine the actual price of getting oil out. This has been a major sticking point keeping HCL from being settled. This should speed things up.

Member: HCL- The can that is being kicked

MZ: HCL- The can about to come to rest . It’s like when a dam is breaking. You do not know the exact time it implodes…but you can see all the cracks forming …..you can see water leaking….and you know it’s about to go…

Member: Any comment on the Saint Germaine trust opening? Are we gonna wait for Easter?

Member: Are redemption Center folks working this weekend?

MZ: I do not know yet. I was hoping to have an update by now.

Member: I strongly believe things will happen with the RV before this year is out!

Member: Possibility of the Stock Market Crashing today! Yay!

Member: I am very weary….been waiting for the RV for almost 20 years

Member: I’m beyond tired of this, can’t imagine being in this nightmare for decades.

Member: Stay grounded, no one knows the timing, but we do know it is coming!!

Member: Mark and mods ….thank you for all you do for our community

Member: Enjoy the weekend and be blessed.

Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions.

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=F5qdbUw65KQ

“Tidbits From TNT” Friday 12-27-2024

TNT:

Tishwash:  Iraq establishes 'investment portfolio' to support stability of national currency

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed Iraq’s first step after extinguishing its foreign debts towards establishing an investment portfolio to support the stability of the national currency.

Saleh explained to {Euphrates News} that: "Since 2004, after Iraq was able to extinguish $100 billion of its accumulated debts, known as pre-1990 debts resulting from wars and conflicts, and with the improvement in the current account of the balance of payments, the first step taken by Iraq was to establish an investment portfolio of foreign reserves."

He added, "Or what is called the country's foreign exchange reserves that perform the function of stabilizing the value of the national currency or what is called the external value of money."

Saleh said that "these assets that support the stability of the balance of payments and the national currency {i.e. foreign reserves} are one of the aspects of the sovereign funds called {quasi-sovereign wealth fund}."

He pointed out that "they differ from traditional sovereign funds in that their assets are characterized by high liquidity or investment in liquid or semi-liquid assets and are subject to a highly accurate diversification rule in foreign currencies and highly liquid financial investment tools by virtue of their function as international reserves supporting the balance of payments and stabilizing the value of the national currency."  link

Tishwash:  Call to re-evaluate the cost of oil production in Kurdistan under the supervision of an international auditing firm

The economic expert, Safwan Qusay, called for a re-evaluation of the cost of oil production in Kurdistan under the supervision of an international auditing company.

Safwan told {Euphrates News} that: "The House of Representatives is supposed to, with the arrival of the budget schedules from the government to the parliament presidency, assign the Finance Committee to study them in order to approve them faster to avoid the agreement in 2025."

He added, "There is an urgent need to restore the cost of producing a barrel of oil from the Kurdistan Region's fields and raise this number under the supervision of an international auditing company to $16 or something commensurate with this cost, and for the region to pledge to deliver more than 400,000 barrels to SOMO."

Safwan pointed out that "amending the article related to exporting Kurdistan oil includes increasing the cost by $6 at the level of all oil fields in Iraq, and this rate can be reduced in some governorates to $2, and the transfer can be enhanced for the purpose of financing $16 from the Ministry of Finance to the region."
 
"There is a desire in China next year to double the total production, meaning we expect an increase in Iraqi oil consumption, which may give importance to increasing the value, thus the possibility of canceling the voluntary cuts by OPEC and returning the pumping of Iraqi oil to its normal production rates of 4 million and 500 thousand barrels of oil per day," he added. 

Regarding the industrial city project in Basra, Safwan explained, "After completing the population census, we have a clear map of the deficit in housing units of no less than two million and 500 thousand housing units that are supposed to be built, and the demand for iron will increase with the presence of service projects and the necessity of establishing a train system."

He stressed "the need to develop the iron and steel industry in Iraq to move to the steel industry and create an economic partnership with companies that depend on iron and steel, whether in the housing sector or cars and other iron products," considering economic diversification "an important step taken by the government to rehabilitate the private sector, which suffers greatly."

Regarding the fluctuations in the dollar price and its impact on citizens, Safwan said, “The Central Bank of Iraq still has ambitions to modernize the banking systems and involve the largest possible number of banks in the process of financing foreign trade by reclassifying them and linking them to a system of international correspondents; but these efforts alone will not be able to control the exchange rate. We need to invest in technology at the border crossings.”   link

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

Tishwash:  The International Development Bank announced, today, Thursday, the introduction of an electronic payment mechanism for entertainment services. 

The International Development Bank announced, today, Thursday, the introduction of an electronic payment mechanism for entertainment services. 

The bank's management said in a statement received by the Iraqi News Agency (INA): "The bank has entered into a strategic partnership with the 1001 application, which represents a new step towards achieving a shared vision in enhancing support for youth by providing an entertainment service and an integrated social experience through the use of electronic payment tools and bank cards."

It added, "This came with direct support and utmost importance from the Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf; In order to encourage the use of legal digital content within Iraq, which contains a comprehensive store for the Iraqi public. This contract also contributes to enhancing digital entertainment and participation among youth in supporting sports culture and using payment via electronic cards.

" It stated, "Through this partnership, we seek to provide direct access to the digital, diverse and comprehensive content of the T0D/1001/bein sport/OSN+/lalega/Spanish League libraries, the English Premier League, the European Champions League, the German League, Formula 1, the NBA Basketball League and tennis tournaments," explaining that "this partnership represents a true reflection of our shared values ​​in enhancing quality, providing the best and keenness to achieve excellence in everything we offer. link

Mot:  What to appear 

Mot:  . Ever Wonder How Santa Pays fer da Toys!!!!!

Iraq News Highlights and Points to Ponder Friday AM 12-27-24

Foreign Policy: Demographic Gift Will Make Iraq A “Global Economic Power” With Washington’s Help

Translated reports |Today  Baghdad Today – Translation  The American newspaper Foreign Policy, which is close to the White House, published a report today, Friday, December 27, 2024, on the population census prepared by the Iraqi government, stressing that the results of the census must be respected by all political parties in Iraq to prevent "dire consequences" and pave the way for "huge investment."

The newspaper said, according to what was translated by "Baghdad Today", that Iraq, which is now enjoying a "demographic gift" as a result of the high percentage of youth among its population, which has reached sixty percent, must invest properly by implementing plans and making decisions that improve the Iraqi economy and raise "investment and entrepreneurship rates and integrate the young workforce into the private sector through government initiatives that guarantee investment," according to its description.

She continued, "The United States must help the Iraqi government to exploit the demographic gift correctly and achieve appropriate economic investment in it to prevent the severe damage that Iraq will be exposed to, and consequently the United States and its interests in the country, if it fails to do so," noting that failure to invest the demographic gift correctly will lead to "high rates of unemployment, crime, and political and security instability."

The network also confirmed that Iraq would be a "huge regional and international economic power if it exploited its demographic gift as East Asian countries did, achieving what was known at the time as their economic miracle during the nineties by exploiting the youth and their high percentages in society."

The Foreign Policy report concluded by stressing that the Iraqi government, along with Washington, must ensure that Baghdad succeeds in exploiting its demographic gift during the coming period, stressing that the real test of the Iraqi government and regime’s ability to lead the country in a correct manner that guarantees continued international support will be after the announcement of the final results of the census expected during the next month.

On November 20 and 21, 2024, Iraq conducted a comprehensive population and housing census, including the Kurdistan Region, the first since 1987.

The Iraqi government announced the preliminary results of the census on the 25th of last month, where the population of Iraq reached more than 45 million people, including foreigners and refugees, and the percentage of the population of working age (15-64 years) reached 60.2%, so that Iraq has entered the demographic gift stage with the percentage of the population of working age reaching 60%.   LINK

Policy   Al-Ekti: There Is No Real Will To Pass The Oil And Gas Law

Information/Baghdad...  On Friday, the member of the Patriotic Union of Kurdistan, Burhan Sheikh Raouf, confirmed that there is no real will to pass the oil and gas law and legislate it in parliament, despite the existence of an agreement in the State Administration Coalition to legislate it within 9 months of the beginning of Al-Sudani’s rule.

Sheikh Raouf told Al-Maalouma, "The Patriotic Union of Kurdistan seeks and stands by resolving all the problems between Baghdad and Erbil and passing the oil and gas law by the House of Representatives."

He added, "There is a need for an oil and gas law and finding solutions to the oil problems between Baghdad and Erbil according to the legal and constitutional frameworks and in cooperation and coordination between the federal and Kurdish governments."

He explained that "the delay in approving the oil and gas law is due to the lack of a real will to legislate it, despite the existence of an agreement within the State Administration Coalition to pass this law within 9 months of the formation of Al-Sudani's government, but the situation did not proceed as agreed upon." End 25N  LINK

What Is The Size Of The Budget Deficit Until Last October?

Money and business  Economy News – Baghdad   Economic expert Nabil Al-Marsoumi revealed, today, Friday, the size of the budget deficit until last October.

Al-Marsoumi said in a tweet followed by "Al-Eqtisad News", "Although the general average of oil prices in the past period was around $73 per barrel, the Iraqi budget until last October recorded a real deficit of 16 trillion dinars after public expenditures rose with advances to about 140 trillion dinars compared to 124 trillion dinars for public revenues."

 The economic expert pointed out that "a large part of this miracle was covered through domestic borrowing, which rose at the end of last October from 70 to 80 trillion dinars." Views 69  12/27/2024 - https://economy-news.net/content.php?id=51339

Uncertainty over the 2025 budget.. Parliament: We don't know anything about it yet

Baghdad Today – Baghdad  Member of Parliament Ahmed Al-Sharmani explained today, Thursday (December 26, 2024), that Parliament does not know anything about the 2025 budget schedules, suggesting that the government is deliberately delaying sending it.

Al-Sharmani said in an interview with "Baghdad Today", "According to the Financial Management Law, the budget or its schedules must reach the House of Representatives at the end of the month (10) of each year, and any delay in doing so is considered a legal violation, especially since this violation has been repeated for many years."

He explained that "the 2025 budget tables are not known to the House of Representatives so far, and the delay in sending them is a violation, and there is no specific date for sending those tables."

Al-Sharmani added, "Perhaps the government will link sending the tables with amending the law proposed in Parliament, and this will delay sending the tables for a long time due to disagreements over the origin of the amendment."

MP Jawad Al-Yassari confirmed on December 19, 2024, that political differences over amending the budget law will delay voting on the 2025 budget schedules, indicating that “the Iraqi government is waiting for Parliament to amend the budget law, so that it can send it the schedules for 2025 according to the amendments.”

It is noteworthy that Member of Parliament Mustafa Al-Karaawi announced on December 8, 2024, the postponement of the second reading of the amendment to the General Budget Law until after the legislative holiday.   LINK

Uncertainty Over The 2025 Budget.. Parliament: We Don't Know Anything About It Yet

Baghdad Today – Baghdad   Member of Parliament Ahmed Al-Sharmani explained today, Thursday (December 26, 2024), that Parliament does not know anything about the 2025 budget schedules, suggesting that the government is deliberately delaying sending it.

Al-Sharmani said in an interview with "Baghdad Today", "According to the Financial Management Law, the budget or its schedules must reach the House of Representatives at the end of the month (10) of each year, and any delay in doing so is considered a legal violation, especially since this violation has been repeated for many years."

He explained that "the 2025 budget tables are not known to the House of Representatives so far, and the delay in sending them is a violation, and there is no specific date for sending those tables."

Al-Sharmani added, "Perhaps the government will link sending the tables with amending the law proposed in Parliament, and this will delay sending the tables for a long time due to disagreements over the origin of the amendment."

MP Jawad Al-Yassari confirmed on December 19, 2024, that political differences over amending the budget law will delay voting on the 2025 budget schedules, indicating that “the Iraqi government is waiting for Parliament to amend the budget law, so that it can send it the schedules for 2025 according to the amendments.”

It is noteworthy that Member of Parliament Mustafa Al-Karaawi announced on December 8, 2024, the postponement of the second reading of the amendment to the General Budget Law until after the legislative holiday.   LINK

Seeds of Wisdom RV and Economic Updates Friday Morning 12-27-24

Good Morning Dinar Recaps,

RUSSIA USES BITCOIN TO AVOID SANCTIONS, FINANCE MINISTER SAYS

Russia has begun using Bitcoin to avoid Western sanctions, according to the country’s Finance Minister Anton Siluanov. In a TV interview this week, the FM confirmed the country is now using cryptocurrency to make and receive international payments, thanks to a new law.

The Kremlin last month created an experimental legal framework for cryptocurrency miners. It included a provision whereby approved entities can use crypto for international trade.

Russia is one of several countries in BRICS that are embracing crypto, especially Bitcoin. Russia in particular has embraced the new digital ruble, and now has Bitcoin as a new alternative to fiat currency.

Additionally, the new Bitcoin law is a benefit for Russian energy companies. Now, the companies can sell to a power-hungry group of domestic bitcoin miners, in an industry that continues to grow. While not all countries that Russia does deals with cater to crypto yet, being one of the first in the region to embrace Bitcoin is a huge step.

In the realm of de-dollarization, Russia’s decision to use Bitcoin in trade is also a plus. While Russia claims that the BRICS bloc is not trying to rid the world of the greenback, the USD is still a rival Russia hopes to overshadow soon. Bitcoin is becoming a more popular alternative to USD and fiat. Even the US is considering a Bitcoin reserve for the greenback’s safety net.

Earlier this year, State Duma deputy Anton Tkachev proposed a Bitcoin Reserve in Russia to protect against Western sanctions. The move goes hand-in-hand with this new law allowing Russia to trade internationally with BTC. 

Furthermore, Tkachev told Finance Minister Anton Siluanov that cryptocurrencies are “virtually the only instrument for international trade” under current restrictions. Russia’s newest law could create a challenge for President-elect Donald Trump as well.

The incoming US president is both a crypto supporter and advocate for U.S. dollar dominance and faces challenges from Putin and Russia. Therefore, his support of both BTC and Fiat could create a conflict in the future.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

LAWMAKERS PREPARE TO INTRODUCE NEW CRYPTOCURRENCY REGULATIONS IN 2024

▪️U.S. Congress prepares to introduce new cryptocurrency regulations in 2024.

▪️Legislation focuses on stablecoins and market structures like FIT21.

▪️Future approval of these bills depends on congressional priorities in 2025.

@ Newshounds News™

Read More:  Coin-Turk

~~~~~~~~~

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Q & A Classroom Link  

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Thank you Dinar Recaps

News, Rumors and Opinions Friday AM 12-27-2024

KTFA:

Frank26:  "QUESTION: ...DO YOU THINK IRAQ'S INVESTMENT PORTFOLIO IS BASED ON A PROGRAM RATE?".....F26

Iraq establishes 'investment portfolio' to support stability of national currency

12/26/2024

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed Iraq’s first step after extinguishing its foreign debts towards establishing an investment portfolio to support the stability of the national currency.

Saleh explained to {Euphrates News} that: "Since 2004, after Iraq was able to extinguish $100 billion of its accumulated debts, which are called pre-1990 debts resulting from wars and conflicts, and with the improvement in the current account of the balance of payments, the first step taken by Iraq was to establish an investment portfolio of foreign reserves."

He added, "Or what is called the country's foreign exchange reserves that perform the function of stabilizing the value of the national currency or what is called the external value of money."

Saleh said that "these assets that support the stability of the balance of payments and the national currency {i.e. foreign reserves} are one of the aspects of the sovereign funds called {quasi-sovereign wealth fund}."

He pointed out that "they differ from traditional sovereign funds in that their assets are characterized by high liquidity or investment in liquid or semi-liquid assets and are subject to a highly accurate diversification rule in foreign currencies and highly liquid financial investment tools by virtue of their function as international reserves supporting the balance of payments and stabilizing the value of the national currency."  Raghad   LINK

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

Frank26:  "THEY ARE WAITING FOR WHAT WE HAVE TAUGHT... A NEW EXCHANGE RATE."........F26

 What are Iraqis waiting for after the news of the “sudden suspension” of the dollar selling platform by the Central Bank?

12/24/2024  Baghdad

Financial and banking expert Alaa Al-Fahd commented today, Tuesday (December 24, 2024), on the impact of the Central Bank’s suspension of the “platform” on the markets during the next stage.

Al-Fahd told Baghdad Today, “The Central Bank of Iraq worked during the previous period with a plan through a currency auction in the first phase, then establishing the electronic platform and intensive work to find correspondence methods between local banks and foreign banks with which We have commercial relations and their results in external transfers. Therefore, the bank announced some time ago that the platform will be stopped at the end of this year and there will be direct correspondent banks.”

He explained that "this is a natural matter, as all central banks in the world are tasked with maintaining monetary policy, not selling currency. There is no central bank in the world that sells currency and mediates in buying and selling currency. This work is The responsibility and responsibility of banks and exchange companies This is true and is a major challenge until the relations are direct commercial banking under the supervision of the Central Bank of Iraq.

He added, "Stopping the platform will not affect the local markets in terms of the dollar exchange rate, but there are those who are trying to spread rumors that this step will change the exchange rate, as the same dollar that the Central Bank of Iraq Was selling through the platform will be sold to banks and banks that have relations with foreign banks so that the transfer is direct according to electronic transactions and monitoring, and for this reason the situation is under control and there is no fear of the impact on the markets."

Yesterday, Monday, economic expert Ziad Al-Hashemi revealed that the Central Bank of Iraq had suddenly suspended the dollar transfer platform before the scheduled date, without an official announcement, and without taking into account the interests of Iraqi companies and markets, in a move That is, to say the least, far from professionalism and transparency.

Al-Hashemi said in a post on the social networking site “Facebook”, which was followed by “Baghdad Today”, that “stopping the platform without an official announcement by the Central Bank may indicate that there is uncertainty and fear of the consequences of stopping the platform on the dollar exchange rates, and the lack of announcement may give the Central Bank an opportunity to evade and evade the decision to stop the platform and return to operating the platform, even temporarily, in the event that the dollar begins to rise to high rates."   LINK

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

Militia Man  They changed the name to currency window as opposed to auction.  That represents foreign currencies. Article quote "...This platform will be stopped at the end of this year." ...The dollar auctions as we know them are going bye-bye by the end of the year...That doesn't mean the 31st...It means...coming at any time.

Mnt Goat    Article:  "THE DOLLAR MARKET IS ON “ONE LEG”.. A ​​NEW MECHANISM AND THE EXCHANGE RATE IS THREATENED!"  ... they are just telling us that there is a process in place to change-out the dinar to the lower denominations and effect the rate as part of this process without causing havoc. A higher, sudden RV, if not done appropriately would cause havoc...

Bank Failures In 2025 "Almost Inevitable" | David Morgan

Liberty and Finance:  12-26-2024

David Morgan discusses the performance of gold and silver in 2024, the implications of inflation, and the influence of political dynamics on market trends.

He emphasizes the importance of precious metals as a hedge against economic uncertainty and explores the future of these investments in light of global economic shifts and potential banking crises.

INTERVIEW TIMELINE:

0:00 Intro

1:35 2024 round-up

6:55 Gold & silver

 15:43 BRICS gold purchases

 24:40 Inflation

29:05 Purchasing metals

https://www.youtube.com/watch?v=md9Bex1N4zM

MilitiaMan & Crew Iraq Dinar News-Iraqs Wealth Fund-National Currency-Arab World Volume Trading-Iraq up 131%-Why?

MilitiaMan & Crew Iraq Dinar News-Iraqs Wealth Fund-National Currency-Arab World Volume Trading-Iraq up 131%-Why?

12-26-2024

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=JOuI3DdGFBE

Iraq Economic News and Points to Ponder Thursday Evening 12-26-24

Iraq Establishes 'Investment Portfolio' To Support Stability Of National Currency

Time: 2024/12/26 Read: 1,612 times   {Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed Iraq’s first step after extinguishing its foreign debts towards establishing an investment portfolio to support the stability of the national currency.

Saleh explained to {Euphrates News} that: "Since 2004, after Iraq was able to extinguish $100 billion of its accumulated debts, which are called pre-1990 debts resulting from wars and conflicts, and with the improvement in the current account of the balance of payments, the first step taken by Iraq was to establish an investment portfolio of foreign reserves."

He added, "Or what is called the country's foreign exchange reserves that perform the function of stabilizing the value of the national currency or what is called the external value of money."

Saleh said that "these assets that support the stability of the balance of payments and the national currency {i.e. foreign reserves} are one of the aspects of the sovereign funds called {quasi-sovereign wealth fund}."

He pointed out that "they differ from traditional sovereign funds in that their assets are characterized by high liquidity or investment in liquid or semi-liquid assets and are subject to a highly accurate diversification rule in foreign currencies and highly liquid financial investment tools by virtue of their function as international reserves supporting the balance of payments and stabilizing the value of the national currency."  LINK

Parliamentary Finance Committee Settles The Matter: The Dollar Exchange Rate Will Not Change

Money and business  Economy News – Baghdad  The Parliamentary Finance Committee revealed the numbers of employees, retirees and social welfare beneficiaries, confirming that their salaries are fully secured for next year, with no intention to change the dollar exchange rate.

Committee member, Moeen Al-Kazemi, stressed the "need to increase non-oil revenues to ease the burden on the general budget."

Al-Kadhimi stressed that "the government is working to increase revenues from non-oil sources such as taxes, customs, the Communications and Media Commission, and profitable companies in state departments, in addition to collecting water, electricity and other services."

He pointed out that "non-oil revenues could reach 30 trillion dinars in 2025, in addition to 120 trillion dinars of oil revenues, which makes the total revenues sufficient to secure the salaries of 4.2 million employees, and the salaries of 3.5 million retirees," noting that "the allocations for these salaries amounted to 65 trillion dinars in 2024, and it is expected that there will not be a significant increase during the next year."

Al-Kadhimi also explained that "the number of beneficiaries of social care will reach 5 million beneficiaries," stressing "the importance of following a sound financial policy to increase non-oil revenues and ensure financial stability, while maintaining the dollar exchange rate without change." 333 views  Added 12/26/2024 - 3:33 PM  https://economy-news.net/content.php?id=51320

Dollar Exchange Rates Rise In Baghdad Markets On Thursday Morning

Time: 2024/12/26 Read: 1,677 times  {Economic: Al Furat News} The US dollar exchange rate rose this morning, Thursday, in Baghdad markets.    The prices are as follows..

The selling price is 153,000 dinars, while the purchase price is 151,000 dinars per 100 dollars. LINK

The Iraqi Market Trades Shares Worth More Than 6 Billion Dinars In A Week

Stock Exchange  Economy News – Baghdad  The Iraq Stock Exchange announced that it traded shares worth more than 6 billion dinars during four trading sessions until Thursday.

The trading session was not organized yesterday, Wednesday, as it was an official holiday.

According to trading indicators, the number of shares traded during this week amounted to more than 7 billion shares, with a financial value of more than 6 billion dinars.

The ISX60 index closed the first session of the week at (1076.99) points, while the index closed at the end of the week at (1059.19) points, achieving an increase of (1.65%) over its closing at the beginning of the session.

The ISX15 index closed the first session of the week at (1179.37) points, while the index closed at the end of the week at (1159.41) points, achieving an increase of (1.69%) over its closing at the beginning of the session.

During the week, (3033) purchase and sale contracts were executed on the shares of companies listed on the market.

98 views  Added 12/26/2024 - https://economy-news.net/content.php?id=51319

Gold Prices To Rise Significantly... First Predictions In 2025

Economy | 12/25/2024  Mawazine News – Baghdad  American financial expert and investment advisor, Jim Willey, predicted that the year 2025 will witness geopolitical tensions that will lead to a significant rise in gold prices, expecting that an ounce of gold will reach $3,100 in 2025.

Willey wrote in a post on his account on the social networking site “X”, saying: “Gold has been a symbol of wealth and security for centuries, but today it is no longer just a shiny metal, but has become a shield against economic collapses, geopolitical chaos, and reckless financial policies of governments,” noting that there is no need to refer to history books to confirm this fact, which can be seen by simply taking a look at the current reality.

“In the past, a $20 gold coin could buy you a suite at the Plaza Hotel in New York, buy you a high-quality suit, or get you a steak dinner. Today, the same $20 bill can buy three people coffee at Starbucks. Has gold changed? No, gold is still a one-ounce piece of precious metal. What has changed is the purchasing power of paper money, which makes this story one of the most tragic lessons in economic history,” the financial expert explained.

The financial expert touched on the issue of the price of gold in 2025, saying that “historically, every major rise in gold prices has been linked to two main factors: economic instability and geopolitical tensions.

Now, both of these factors are reaching new highs, and no one would be surprised to see gold rise to $3,100 in 2025.”

“Another solid fact about gold is that it thrives in chaos and uncertainty,” Wiley believes. “If world leaders abandon war-mongering and seek lasting peace, gold prices will indeed fall. But let’s be realistic, what about peace? It’s just a nice dream.”

According to Wiley’s predictions, 2025 will see major geopolitical shifts in the world, economic turmoil and financial system disruptions. US economic policies, China’s global strategies and the BRICS experiment with gold-backed currencies will play pivotal roles in shaping gold’s trajectory, and ultimately gold will remain the stable safe haven it has always been.

The financial expert concluded his outlook for the coming year by emphasizing that the future of gold prices is uncertain, but one thing is clear: as long as governments refuse to balance their budgets and continue to engage in geopolitical brinkmanship, gold will not only remain an investment but also a lifeline of stability. Paper currencies will always falter in the face of gold’s enduring resilience, and this is one of the most unchanging truths of humanity. https://www.mawazin.net/Details.aspx?jimare=257892

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

What To Know And Do If You Win The Mega Millions Jackpot

What To Know And Do If You Win The Mega Millions Jackpot

Medora Lee and Amaris Encinas, USA TODAY Updated Thu, December 26, 2024

'Keep it quiet:' Here's what to know and do if you win the Mega Millions jackpot

Whether you bought a ticket yourself or got some as a stocking stuffer, could that $1.15 billion Mega Millions jackpot have your name on it? The odds may be against you − like 1 in 302.6 million − but that doesn't mean you can't prepare.

If there is a winner, Mega Millions jackpot would be the fifth-largest jackpot in Mega Millions history, making the take-home prize a lump-sum payment of an estimated $516.1 million after taxes. How do you even begin to get ready for a windfall like that?

The "smartest thing" you can do, in the event that you do win, is keep calm and carry on, financial advisers shared with USA TODAY back in March. And avoid posting any and all details of your win on social media.

"If you’re lucky enough to win the lottery, keep it quiet," Rob Burnette, an Ohio-based financial adviser at Outlook Financial Center. "Get organized and make a plan. Consider staying anonymous, if it’s a possibility.”

Who, if anyone, do I tell about my Mega Millions win?

If you find yourself in a situation where you stand to inherit millions of dollars, the best people to get in touch with financial experts right off the bat so scammers don't get the chance to bleed you dry before you even get the chance to cash in.

"Crooks usually try to get you to wire money for 'taxes' or 'fees,' or may try to get you to provide them with a bank account number, which they will then clean out," Mega Millions said. "No real lottery tells winners to put up their own money in order to collect a prize they have already won."

No Mega Millions representative would ever call, text, or e-mail anyone about winning a prize so be especially wary of who contact you out of the blue. In certain states, you can remain anonymous if you win.

Steve Azoury, owner of Azoury Financial in Troy, Michigan, who has advised many lottery winners, including a $181 million winner "who said ‘If I didn’t know you before, I don’t want to know you now.’”

"Get a tax attorney and a tax accountant right off the bat and then a financial adviser,” according to Azoury. “They’ll work hand in hand to figure out the plan.”

The "plan" will help you get some things squared away, such as whether you will opt to take an immediate cash payout, or if you'd prefer the cash distributed over time.

The Difference Between The Two Is Outlined Below:

TO READ MORE:  https://www.yahoo.com/finance/news/keep-quiet-heres-know-win-232828281.html

Some “Anecdotes While We Wait “ posted by Mot at TNT

TNT:

Young Guy Mocks Old Man … But His Reply Is Genius

Mot:  Remember to respect your elders!

A 71-year-old man made the trip back to his old college to take one last look around campus again before he settled in to retired life.

As he got to the campus he saw a young man studying hard, and the sight brought back memories. He sat on the bench beside the lad, but was surprised when the kid started spouting off at him.

“You old geezer. Your generation will never understand my generation,” the kid lectured. “You grew up in a different world. In fact, your world is almost primitive compared to mine,” the student said.

“Is that right?” the elder man said.

“The young people of today grew up with television, jet planes, space travel, microwaves. I can carry hundreds of books on a tiny chip in my cell phone. We have nuclear energy, electric and hydrogen cars, computers with light-speed processing, and,” he paused to take swig of beer.

The senior took advantage of the break in the student’s litany and said, “You’re right, son. We didn’t have those things when we were young – so we invented them. Now, what are you doing for the next generation?”

The student fell completely silent and all the people around them cheered!

He really told him!

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

Mot: "Are you absolutely sure it's going to be an extremely cold winter?"

It was autumn, and the residents of a remote Native American reservation were eager to know if the coming winter would be harsh or mild. Their new Chief, unfamiliar with the traditional methods of predicting the weather, couldn't read the sky the way the old chiefs had. Unsure of what to expect, he decided to take precautions. He told the tribe that the winter would likely be cold and advised everyone to gather firewood just in case.

As a practical leader, though, he wanted more certainty. So, after a few days, he decided to take action. He used a phone booth to call the National Weather Service and asked, "Is this winter going to be cold?"

The meteorologist on the other end replied, "Yes, it looks like this winter will be quite cold."

Relieved by this confirmation, the Chief returned to his tribe and ordered them to gather even more firewood.

A week later, he called the National Weather Service again and asked, "Will it be a very cold winter?"

The same answer came: "Yes, it will be a very cold winter."

The Chief went back to his people and instructed them to collect every piece of firewood they could find.

Two weeks later, he called once more. "Are you absolutely sure it's going to be an extremely cold winter?"

"Absolutely," the meteorologist responded. "In fact, it's expected to be one of the coldest winters on record."

The Chief, curious, asked, "How can you be so certain?"

The weatherman replied, "Because the Indians are gathering firewood like there's no tomorrow!"

Mot: . Meanwhile -- over in Florida!!! 

Mot:  . Parenting .........in a nutshell

Mot: A sad thing on getting older -