5 Ways The Rockefellers Created Generational Wealth

5 Ways The Rockefellers Created Generational Wealth

The Rockefellers Are Still One of the Richest Families of All Time — 5 Ways They Created Generational Wealth

Dawn Allcot   Sun, May 12, 2024

Only 10% of family wealth makes it to the third generation, according to a landmark Williams Group wealth consultancy study reported by Reuters in 2015. But a handful of families throughout history have managed to buck this “third generation curse” to create a legacy that has lasted for centuries. Among the best known are the Rockefellers.

How John D. Rockefeller Built His Wealth

John D. Rockefeller was one of the most famous business moguls of the 19th and early 20th centuries, building his family’s fortune through the Standard Oil Company. His company controlled 90% of the U.S. refineries and pipelines at a time when a need for oil was increasing thanks to the introduction of internal combustion engines and growing demands for electricity, according to History.

Rockefeller had amassed a net worth of nearly $900 million by 1912, according to Smithsonian Magazine. That’s equivalent to about $28 billion in today’s dollars and a staggering sum by 1912 standards.

Ultimately, the Supreme Court ordered the dissolution of the Standard Oil Trust, declaring it in violation of antitrust laws. The move broke Standard Oil into a number of businesses that used the Standard Oil name. Subsequent mergers created oil and gas industry leaders like ExxonMobil and Chevron.

The Rockefeller family’s name and wealth live on — And so do its philanthropic efforts, including $500 million John Rockefeller personally gifted to charities.

The Rockefeller Family Today

The Rockefeller family is 200 members strong and has a cumulative net worth of $10.3 billion, according to Forbes. The wealthiest and most prominent family member of this century, David Rockefeller, was the world’s oldest billionaire at 101 years old, with a net worth of $3.3 billion when he died in 2017.

How the Rockefellers Created Generational Wealth

What did the Rockefeller family do right that so many other families fail to implement?

Accounted for Every Dollar

Whether your net worth measures in the seven figures or you’re living paycheck to paycheck, every dollar without a specific job is in danger of being wasted. The Rockefellers have a team of financial managers to ensure that every dollar is put to good use, leveraging their money to make more money.

Established a Family Office

The Rockefellers were the first family to establish a full-service single family office in the U.S., according to Deloitte. The Rockefeller Global Family Office manages all facets of the family’s wealth, investments and business dealings.

Created Irrevocable Trusts

The Rockefellers use irrevocable trusts, which heirs cannot easily change, to ensure that money gets passed on as it should, according to Barrons. An irrevocable trust removes assets from your taxable estate, which means your heirs might not pay tax on that money. An irrevocable trust can also protect those assets from lawsuits or creditors, which can provide a benefit if you are a high-profile personality or in a high-risk career where you might get sued.

Leveraged Legal Tax Avoidance Strategies

To Read More:

https://news.yahoo.com/finance/news/rockefellers-still-one-richest-families-000009583.html

“Tidbits From TNT” Friday Morning 4-11-2025

TNT:

Tishwash:  One of them is in Iraq... the 10 largest oil fields in the world

The question "Where is the largest offshore oil field in the world?" is widely asked in global economic and energy circles, particularly in light of recent developments in the oil industry and the drive by producing countries to increase their production capacity.

According to data from the Encyclopedia of Oil and Gas Fields, the obvious answer is that the world's largest offshore oil field is located in Saudi Arabia. The Safaniya field has a long history of production and huge reserves that the Kingdom continues to exploit.

The increased focus on identifying the location of the world's largest offshore oil field stems from global competition for energy resources, as Saudi Arabia seeks to strengthen its position as the world's largest oil producer and exporter through massive development projects for the Safaniya offshore field.

The question also arises: Where is the world's largest offshore oil field located? While a number of countries, such as China, are making new offshore discoveries, the Safaniya field retains the title of the world's largest in terms of proven reserves and total production.

 Saudi Safaniya field

The Safaniya field in Saudi Arabia is the world's largest offshore oil field. It is located in the Arabian Gulf, approximately 200 to 260 kilometers north of Dhahran, Saudi Arabia. It has been operated by Saudi Aramco since its official discovery in 1951.

The Safaniya field extends over an area of ​​50 kilometers in length and 15 kilometers in width, and contains proven reserves estimated at approximately 15 billion barrels of heavy oil, while total production extracted from it to date has reached more than 19.2 billion barrels.

Exploration work on the world's largest offshore field began in 1939, after Aramco geophysicist **** Kerr noticed an underwater high area. This reinforced his prediction of the presence of massive oil reservoirs, which was later confirmed when oil began flowing in large commercial quantities on August 15, 1951.

The Safaniya offshore field represents a key pillar of Aramco's strategy to expand offshore production. It is also the fifth-largest oil field in the world in terms of total proven reserves and production, according to Saudi oil field data from the specialized energy platform.

The 10 largest oil fields in the world

The Safaniya field's importance extends beyond its status as the world's largest offshore oil field. It also plays a key role in the global energy mix, strengthening Saudi Arabia's position as a global energy powerhouse, especially as its expansion plans continue through 2027. link

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Tishwash:  After Greece, Sulaymaniyah hosts the Delphi Economic Forum.

Deputy Prime Minister of the Kurdistan Region, Qubad Talabani, revealed on Thursday that the city of Sulaymaniyah will host the next edition of the Delphi Economic Forum, considering it an important opportunity to encourage foreign capitalists to invest in Kurdistan and Iraq.

"Although the Middle East is experiencing a state of instability, we in the Kurdistan Region have decided to make the right decision within the framework of federal Iraq, which is to work to consolidate security and stability in the region. This is what the Kurds have been fighting for for many years," Talabani said during a panel discussion at the 10th Delphi International Economic Forum in the Greek capital, Athens.

“Based on this principle, our relations with Europe, the United States, and even Australia are steadily improving, because we, as Kurds, have always been open to the outside world, strive to live in freedom, and have made great sacrifices in this regard. We have worked to protect stability in Kurdistan, Iraq, and the region,” he added. “Because our region naturally provides many job opportunities, we want to encourage future generations to invest and become entrepreneurs, and we are working to benefit from modern technology in this field.

 What is gratifying is that these efforts are receiving great attention in the city of Sulaymaniyah, because in the future, oil will run out and we will have to rely on our own energies and capabilities.”

Regarding the gas issue in Kurdistan, Talabani noted, "The world is talking today about natural gas in Kurdistan, and we want to harness this wealth to serve the well-being of the region's citizens." He noted that "the provinces of Erbil and Sulaymaniyah have witnessed significant prosperity recently, but we want further development."

Regarding the role of women in the Kurdistan Region, Qubad Talabani said: “No country will achieve success if women do not play a role in managing the state’s institutions. In the Kurdistan Region, we pay great attention to women’s capabilities, because the country needs women’s roles. If we want to build an effective society, we need active women.”

Regarding the talks to form the new government, Qubad Talabani explained, “We recently held successful elections in the Kurdistan Region, in which a large percentage of citizens participated. Now, there is a great rapprochement between the Patriotic Union of Kurdistan and the Kurdistan Democratic Party, the two main parties in the regional government.

Our efforts are continuing to form the new government cabinet, as we want to address the shortcomings that existed previously and manage the region well.” He added, “Given the conditions the region is going through, we want to form an effective government. Our efforts to automate government institutions are also ongoing, and we are paying great attention to creative youth in this field.”

Regarding the region's relations with other countries, Qubad Talabani said, "We are pleased with our good relations with our partners in Europe, the United States, and other countries, and we are working to develop these relations."

 He praised the Delphi Forum in Greece. He also expressed his pleasure with his meetings in Greece regarding strengthening relations in the fields of economy, agriculture, tourism, and civil aviation, and pointed to the "commencement of direct flights between Athens and Sulaymaniyah in the near future."

Talabani revealed that "the city of Sulaymaniyah will host the next edition of the Delphi Economic Forum," considering it "an important opportunity to encourage foreign capitalists to invest in Kurdistan and Iraq." link

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Tishwash:  Finance Minister: Iraq seeks to deepen economic partnerships and finance priority projects

Finance Minister Taif Sami affirmed Iraq's endeavor to deepen economic partnerships and finance priority projects.

A statement by the ministry said, "The Minister of Finance participated in the joint annual meetings of the Arab financial institutions held in the State of Kuwait, in the presence of a number of finance ministers and governors of central banks in Arab countries, which discussed ways to support economic development, enhance financial and investment integration, in addition to reviewing financial performance reports and economic indicators of the relevant bodies."

The statement added that "during the opening session, the Minister of Finance stressed the importance of enhancing Arab financial cooperation and exchanging experiences between countries, noting that Iraq seeks to deepen economic partnerships and finance priority projects."

She continued, "Iraq's participation reflects the government's keenness to highlight its economic initiatives, achieve balance in its financial relations with Arab countries, and seek to benefit from the experiences of other countries to develop local financial policies."

The meetings concluded, according to the statement, with a review of future initiatives that support financial integration and implement practical plans to enhance development. The participants also stressed the importance of exchanging expertise and sharing successful experiences to stimulate investments and activate cooperation among member states.

The meetings included, according to the statement:

Meeting of the Arab Finance Ministers * Meeting of the Board of Governors of the Arab Fund for Economic and Social Development * Meeting of the Board of Governors of the Arab Monetary Fund * Meeting of the Board of Governors of the Arab Bank for Economic Development in Africa * Meeting of the Board of Shareholders of the Arab Investment and Export Credit Guarantee Corporation * Meeting of the Board of Governors of the Arab Authority for Agricultural Investment and Development * Meeting of the Supervisory Board of the Badir Fund to Support Entrepreneurship. 

link

Mot: .. in Case ur looking at that ""Marital Thingy!!

MiitiaMan & Crew: Non-Oil Revenues-Iraq Gazette 4821-Salaries-Oil-Article 12 C-Global Investment-Partnerships-UST-JPM

MiitiaMan & Crew:  Non-Oil Revenues-Iraq Gazette 4821-Salaries-Oil-Article 12 C-Global Investment-Partnerships-UST-JPM

4-10-2025

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=AzJb1eWM0iI

Iraq Economic News and Points to Ponder Thursday Evening 4-10-25

The Central Bank Issues New Instructions To Promote The Renewable Energy Initiative.

Time: 2025/04/10 09:45:01 Reading: 1,920 times  {Economic: Al Furat News} The Central Bank of Iraq has issued new instructions amending the regulations for the renewable energy initiative it launched in 2022.

This came through a decision issued by the Banking Control Department, in accordance with Decree No. (503) of 2024, a copy of which was received by {Euphrates News}, and its most important provisions:

1- Determining the single advance: The single advance that is provided to the bank has been determined at an amount of (300) million Iraqi dinars, and the bank cannot use this advance except after committing to the required costs and within the specified time period.

2 - Amending the financing period: The financing period has been increased to seven years instead of the previous four years, with an additional six-month grace period added to repay the loan.

3- Amending the interest rate: The interest rate on loans granted under this initiative has been reduced to (5%) instead of the previous rate of (2.5%).

4- Loan allocation: The decision stipulates that loans will be allocated for the purpose of purchasing renewable energy systems, whether for residential or commercial purposes, with the requirement that the beneficiaries provide the necessary guarantees.

5- Application Mechanisms: The application mechanisms for obtaining loans have been clarified, as citizens can submit their applications via the electronic platform { click here } or any other platform specified by the participating banks.

6- Commencement of implementation: The decision will be effective from the date of its issuance, with the aim of enhancing bank liquidity and achieving the desired objectives of the initiative.  LINK

Rafidain: Activating The Comprehensive Banking System In 57 Branches

Economy | 10/04/2025   Mawazine News – Baghdad  Rafidain Bank announced, on Thursday, the activation of the comprehensive banking system in 57 branches.

The bank's media office stated in a statement received by Mawazine News: "The comprehensive banking system has been implemented in the Bab Al-Muadham and Oil Products Distribution Authority branches in Baghdad, as part of its ambitious plan for digital transformation," indicating that "thanks to this achievement, we now have 57 branches connected to an advanced electronic system that facilitates all your financial transactions."

He added that "this step reflects the constant commitment to providing smooth and fast banking services, ensuring a distinguished banking experience," stressing "the continuation of including all the bank's branches in the electronic system."  https://www.mawazin.net/Details.aspx?jimare=260707

Basra Crude Prices Decline

Economy | 10/04/2025   Mawazine News – Baghdad  Basra Heavy and Medium crude oil prices fell by more than 5%, affected by concerns about a slowdown in global economic growth.

Data showed that Basra Heavy crude fell by $3.29, or 5.50%, to reach $56.49 per barrel.  Basra Medium crude also fell by $3.29, or 5.24%, to reach $59.54 per barrel.  Brent crude recorded $64.71 today, while US West Texas Intermediate crude recorded $61.70. https://www.mawazin.net/Details.aspx?jimare=260699

Gold Prices Hit An Unprecedented New High In Baghdad

Stock Exchange  Economy News – Baghdad  The prices of foreign and Iraqi gold rose in the local markets in the capital, Baghdad, to a new and unprecedented record level, today, Thursday (April 10, 2025).

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price of one mithqal of 21-karat Gulf, Turkish and European gold at 645,000 dinars, and a purchase price of 641,000 dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 615,000 Iraqi dinars, and the buying price was 611,000 Iraqi dinars.

As for gold prices in jewelers' shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 645,000 and 655,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 615,000 and 625,000 dinars.   https://economy-news.net/content.php?id=54304

The Exchange Rate In Iraq Recorded 148,500 Dinars Per 100 Dollars

Economy | 10/04/2025   Mawazine News – Baghdad  The exchange rate of the US dollar against the Iraqi dinar rose slightly in currency markets in the capital, Baghdad. The exchange

rate rose on the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, reaching 147,700 dinars for every $100, compared to 147,650 dinars for every $100 yesterday, Wednesday.

The selling price at exchange shops in local markets in Baghdad reached 148,500 dinars for every $100, while the buying price reached 146,500 dinars for every $100.
https://www.mawazin.net/Details.aspx?jimare=260708

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

Seeds of Wisdom RV and Economic Updates Thursday Evening 4-10-25

Good Evening Dinar Recaps,

NEW HAMPSHIRE HOUSE PASSES STATE BITCOIN RESERVE BILL

The “Live Free or Die” state is one step closer to embracing Bitcoin after the House of Representatives passed a reserve bill.

A bill proposing the creation of a state Bitcoin reserve was passed by the New Hampshire House of Representatives on Thursday.

The House’s vote on New Hampshire Bill HB302, which if passed would allow the state’s treasury to invest in precious metals and digital assets, held a difference of just 13 votes, with 192 representatives voting for the bill and 179 voting against.

The bill will now move on to the New Hampshire Senate.

“We’re tied to the U.S. dollar, whether we like it or not, but this would allow us to have the state invest a small portion into this uncorrelated, new asset class,” New Hampshire Representative and bill proposer Keith Ammon previously told Decrypt.

Proposed in January, the bill would allow the state’s treasury to allocate up to 5% of the state’s public funds to eligible assets, based on text from the House’s amended bill. The initial proposal suggested an allocation of up to 10% of the state’s public funds.

Those funds can be used on precious metals like silver or gold, or…"any digital assets with a market capitalization of over $500 billion averaged over the previous calendar year.” Only Bitcoin meets that requirement, as of this writing.

New Hampshire’s treasury carried around $3.6 billion in funds as of its most recent annual report, meaning the state could buy up to approximately $181 million worth of precious metals or Bitcoin.

If spent only on crypto’s top asset, at today’s price of $79,755, that would give the Granite State a reserve of around 2,269 BTC. Bitcoin is down about 3.5% on the day, per data from CoinGecko.

The bill indicates that digital assets held by the state must be held by a qualified custodian, by the treasurer with a secure custody solution, or via an exchange traded product from a registered investment company.

New Hampshire is one of many states considering Bitcoin reserve bills, some of which have thus far failed to push them through their respective Houses—like in Pennsylvania and Wyoming.

President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve for the United States on March 6.

@ Newshounds News™
Source:  Decrypt

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NORTH CAROLINA LAWMAKER INTRODUCES DIGITAL ASSET FREEDOM ACT

North Carolina joins the growing list of US states attempting to pass comprehensive digital asset bills as a hedge against inflation.

North Carolina (NC) representative Neal Jackson introduced the North Carolina Digital Asset Freedom Act on April 10. The bill proposes that qualifying "digital assets" be accepted as a legally recognized form of payment and for taxes.

Although the language of the bill does not specifically mention Bitcoin, there are several provisions laid out that make BTC uniquely qualified under the bill's definition of a "digital asset."

These stipulations include a minimum market capitalization of $750 billion and a daily trading volume of over $10 billion, a market history of 10 years or more, proven censorship resistance, proof-of-work consensus, lack of a central authority, 99.98% or more network uptime, and a maximum supply cap. The bill read:

"The General Assembly further finds that decentralized digital assets, which are not governed by any central entity or foundation, align with the economic principles of limited, noninflationary money and are capable of ensuring the security and integrity of transactions."

Jackson's bill is merely the latest in state-led Bitcoin strategic reserve legislation in the United States amid inflation concerns, high US federal debt and a depreciating currency.

North Carolina takes a firm stance against CBDCs

Former North Carolina Governor Roy Cooper vetoed a bill banning a central bank digital currency (CBDC) in July 2024. At the time, Cooper characterized the bill as "premature, vague, and reactionary" to threats that have not yet materialized.

In August 2024, the North Carolina House of Representatives overrode Cooper's veto in a definitive and bipartisan 73-41 vote.

The North Carolina Senate followed suit by overriding Cooper's veto in a 27-17 vote and passed the anti-CBDC legislation into law in September 2024.

Dan Spuller, the head of industry affairs at crypto advocacy organization the Blockchain Association, applauded the action taken by NC lawmakers to push back against the tide of CBDCs.

"This bill should have never been vetoed, and Governor Cooper blew an opportunity to send a strong message to the Federal Reserve that NC stands united against CBDCs," Spuller wrote in a Sept. 9 X post.

@ Newshounds News™
Source:  CoinTelegraph

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BRICS: US DOLLAR IS NOW AN UNRELIABLE CURRENCY, SAY ANALYSTS

BRICS is doing everything to puncture the prospects of the US dollar as the White House is accused of weaponizing the currency. The bloc kick-started the de-dollarization agenda and is now convincing emerging economies to trade in local currencies. The alliance has been successful as many developing countries signed trade deals settling cross-border transactions in native currencies.

If the White House fails to import the dollar, the U.S. could enter a new era of hyperinflation. The US dollar needs to maintain its dominant position in the currency markets to make other countries absorb its deficit.

BRICS: The US Dollar Losing Its Reliability, Say BMO Analysts

Commodity analysts at BMO Capital Markets wrote that the US dollar is losing its sheen and BRICS is leveraging the development. The notion to push local currencies ahead for trade and transactions is easier now than ever before. “The US dollar is no longer seen as a reliable reserve asset,” wrote the analysts. 

The note added, “Looking at the broader picture, the combination of deficit spending, tariffs, and pressures on smaller nations has fueled market uncertainty. Increased uncertainty typically leads to lower interest rates for Treasuries but also causes turbulence in equity markets,” he said.

The recent stock market crash is also a cause of worry as investors lose trust in the trade sector. The note added that BRICS could also put gold forward and diversify their reserves more without the US dollar.

“Recently, we’ve seen heightened volatility and a meaningful decline in equities from their highs earlier this year. This underscores a fundamental question: What can people truly trust? The answer remains a physical metal, gold, which has preserved its value for thousands of years and has never been debased, unlike every currency in history.”

@ Newshounds News™
Source:  Watcher Guru

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Thursday Evening News with Zester and Dr. Scott Young. 04/10/2025

Thursday Evening News with Zester and Dr. Scott Young. 04/10/2025

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Debt Crisis, Fed Meltdown Accelerates as Gold Confirms Crisis

Debt Crisis, Fed Meltdown Accelerates as Gold Confirms Crisis

Taylor Kenny:  4-9-2025

While the news cycle whirls with political dramas and fleeting headlines, a more profound, and potentially alarming, story is unfolding in the financial markets: the soaring price of gold.

This isn’t just a typical commodity price fluctuation; some experts argue that gold’s rise serves as a stark warning sign of a deeper, more systemic problem brewing beneath the surface – a crippling debt crisis threatening to destabilize the U.S. economy.

The core issue, as highlighted by financial analysts like Taylor Kenney on ITM Trading, is the staggering $36 trillion U.S. national debt. This monumental figure, largely ignored in main stream media, is rapidly spiraling out of control.

Even seasoned financial veterans are admitting that we’re navigating uncharted waters, with traditional economic models struggling to offer clear solutions or predict the long-term consequences.

Historically, gold has served as a safe-haven asset, a store of value sought after during times of economic uncertainty and currency devaluation. When investors lose faith in traditional assets like stocks and bonds, particularly those backed by debt-ridden governments, they often flock to gold, driving up its price.

The current gold rally suggests growing anxiety about the stability of the dollar and the ability of the U.S. government to manage its burgeoning debt.

Adding fuel to the fire is the increasing trend of central banks around the world diversifying their reserves, moving away from the U.S. dollar and towards other assets, including gold.

 This de-dollarization trend, if sustained, could further weaken the dollar’s global dominance and exacerbate the existing debt crisis. Central banks, typically conservative and meticulous in their investment strategies, aren’t known for making rash decisions.

Their shift towards gold suggests a pragmatic assessment of the increasingly precarious global economic landscape.

Ignoring the warning signs flashing in the gold market could be a costly mistake. While the future is uncertain, understanding the underlying issues and taking proactive steps to protect your wealth is crucial for navigating these turbulent economic times.

The soaring price of gold isn’t just a number; it’s a call to action. It’s a reminder that prudence and informed decision-making are paramount in safeguarding your financial future in an increasingly volatile world.

https://youtu.be/nG4bkwymAeU

Iraq Economic News and Points to Ponder Thursday Afternoon 4-10-25

A High-Level US Economic Delegation Visits Iraq, Affirming Partnership And Economic Development

Buratha News Agency1312025-04-10   The Vice President of the U.S. Chamber of Commerce, Steve Lutes, confirmed on Wednesday that the U.S. Treasury will play an active role in developing the Iraqi economy, noting that Iraq is witnessing increasing openness to economic partnerships with the United States.

Lutes stated during a press conference that "our visit to Iraq represents the largest delegation of American businessmen to visit the country, and includes diverse sectors of the American economy," stressing that "Iraqi Prime Minister Mohammed Shia al-Sudani is working to strengthen partnerships between Iraqi companies and their American counterparts to develop the industrial and economic sectors."

He also explained that "the US Treasury Department and the US Chamber of Commerce represent key players in supporting joint economic cooperation between the two countries, with the aim of achieving sustainable development and expanding the horizons of joint action."

In contrast, Ibrahim al-Baghdadi, head of the Iraqi Economic Council, emphasized during the conference that "the country has witnessed a significant decline in the level of education in recent years since liberation, but the presence of the American University in Iraq represents an important step toward saving education and represents a real lifeline."

Al-Baghdadi added, "We cannot forget the role of the United States in liberating Iraq from dictatorship. It is a pioneering country in many fields and continues to contribute to supporting Iraq."

He pointed out that "the visit of the American delegation, consisting of more than 100 figures representing more than 60 companies, is clear evidence of the development of economic relations between Baghdad and Washington," noting that "the Private Sector Development Council was launched two days ago, headed by Prime Minister Mohammed Shia al-Sudani, and including the First Deputy Prime Minister, the Minister of Planning, and the Second Deputy Prime Minister."

He concluded by saying, "Iraq is dozens of times better off today than it was in recent years, and we welcome any company willing to invest and work within Iraq to develop its industrial and economic sectors."   https://burathanews.com/arabic/economic/458652

Planning: 241 Trillion Dinars In Investments Required By 2028

Money and Business   Economy News – Baghdad  The Ministry of Planning estimated the investments required by 2028 at more than 241 trillion dinars.

“The volume of investments required to achieve the targeted growth rate of 4.24% during the implementation period of the National Development Plan is a total of 241 trillion and 100 billion dinars,” the ministry’s spokesperson, Abdul Zahra Al-Hindawi, told Al-Sabah, followed by Al-Eqtisad News. He pointed out that “the government sector contributes about 157 trillion and 300 billion dinars of that.”

He explained that "private sector investments constitute 8.34% of the total required investments, and the crude oil sector will receive the largest share of capital formation, amounting to 27.4%, followed by the housing ownership and social development services sectors, which will receive 22.5% and 20.8% of capital formation, respectively."

Al-Hindawi pointed out that "the water and electricity sector will receive 8.6% of capital formation, while the manufacturing sector will receive 8.7%, and the remaining sectors will have varying percentages of capital formation," explaining that "in light of the expected targeted GDP growth rate of 4.24% at constant prices, which exceeds the estimated annual population growth rate of 2.5%."

For his part, economic expert Alaa Al-Fahd questioned the role of the private or mixed sector in providing these investments to establish projects within the national development plan, continuing, “The oil sector enjoys very significant foreign and local investment participation because it is productive, and any investment funds invested in this sector will be income-generating in the future and have investment benefits, while other sectors provide specific services and have investment aspects and infrastructure.”

Al-Fahd stressed that “if Iraq wanted to open up to investment and sign all projects, including the ‘Development Road’ and the completion of the ‘Grand Faw Port’, these amounts would be greatly multiplied,” noting “the necessity of the private and foreign sectors participating in this field, because the government cannot provide these amounts alone without cooperation, joint investment and partnership with other sectors.”   https://economy-news.net/content.php?id=54298

US Agency: Partnership Contracts With Iraq Are The Largest And Most Recent

Energy  Economy News – Baghdad   Bloomberg, the US news agency, described the partnership contracts signed with the Iraqi government on Thursday as the largest and most recent, while noting Baghdad's success in developing the electricity generation sector with the two largest energy companies.

The agency stated in a report followed by "Al-Eqtisad News" that "Iraq signed non-binding agreements with two American companies aimed at adding 27 gigawatts to the country's electricity generation system, as part of efforts to meet the growing demand for energy." It noted that "the Iraqi government signed a memorandum of understanding with General Electric Vernova to build gas-fired power plants with a production capacity of up to 24 gigawatts."

She added that the plan, described as "the largest and most advanced" in the country's history, allows for access to external financing from international banks.

Electricity Minister Ziad Ali Fadel explained in a statement following the signing, according to the statement, that "the new stations will produce approximately 8 gigawatts without consuming fuel, while they will produce 16 gigawatts using natural gas and other fuels."

He explained that "demand for electricity in Iraq is expected to reach 55 gigawatts during the summer, while the country's current production capacity ranges between 16 and 26 gigawatts, depending on gas availability."

He pointed out that "the ministry signed another memorandum of understanding with UGT Renewables to establish an integrated solar energy project with a capacity of 3 gigawatts, financed by the US Export-Import Bank, the UK Export Finance Corporation, and JP Morgan," stressing that "the agreement includes a two-year period for technology transfer, training, operation, and maintenance."

The agency continued, "Oil Minister Hayan Abdul Ghani had previously announced talks with several companies to secure two floating storage and regasification units by early June, following the United States' decision not to renew the waiver that allowed OPEC's second-largest producer to purchase electricity from Iran."

For its part, the US Embassy confirmed that "Iraq's agreements with GE Vernova and UGT Renewables are worth billions of dollars."  It should be noted that "the exact cost and timeline for the projects are unknown."   https://economy-news.net/content.php?id=54309

Parliamentary Finance Committee: Amending The Import Control Authority Law Is A First Step Towards Achieving Sustainable Development

Money and Business   Economy News – Baghdad  Parliamentary Finance Committee Chairman Atwan Al-Atwani affirmed on Thursday that amending the General Authority for Import Control Law is a first step towards achieving sustainable development.

The media office of the Chairman of the Finance Committee stated in a statement, seen by Al-Eqtisad News, that "Al-Atwani received a delegation from the International Partners Foundation to discuss ways to enhance joint cooperation and exchange of expertise."

It noted that "the meeting discussed the financial situation in the country and the role of the committee in following up on the implementation of budget items, monitoring spending and evaluating performance. The priorities of the Finance Committee at the present time were also reviewed, foremost among which is the file of maximizing non-oil revenues."

Al-Atwani said, according to the statement: "We are currently working on preparing an amendment to the law of the General Authority for the Control of Federal Imports, with the aim of submitting it for a second reading as soon as possible, as it aims to maximize non-oil revenues.

He added, "The Finance Committee is finalizing plans to hold an expanded workshop in cooperation with the International Partners Foundation, with the participation of all relevant government agencies, to exchange views and consolidate important observations regarding this law. This will contribute to establishing clear mechanisms for its implementation, enabling the Authority to develop realistic estimates of state revenues."

Al-Atwani pointed out that "the approval of the amendment to the law of this authority and the development of a realistic plan for its implementation is the culmination of the efforts of the Finance Committee and a major national achievement during this parliamentary session, as it represents the first step towards achieving sustainable development by diversifying sources of income and moving away from the philosophy of a rentier economy that is entirely dependent on oil." https://economy-news.net/content.php?id=54311

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 4-10-25

Good Afternoon Dinar Recaps,

PRESIDENT TRUMP USHERING IN CRYPTO ‘GOLDEN AGE,’ WHITE HOUSE OFFICIAL SAYS

The return of US President Donald Trump has come with some concern, but according to one White House official, his administration is set to usher in a new crypto ‘golden age.’ Indeed, Trump’s executive director of digital assets, Bo Hines, recently discussed the impact that his presence will have on cryptocurrency development in the country.

In a post to X (formerly Twitter), Hines called Trump the “true crypto President.” He noted that his stance on the emerging asset class will propel growth. Moreover, he said this effort will help crypto companies that “were victims of a weaponized justice system under the Biden regulatory regime.”

White House Official Says Trump Administration Will Bring New Golden Age for Crypto in US

It has certainly been a volatile start to US President Donald Trump’s second term thus far. Just three months into the year, the returning administration has sought to balance trade with the presence of new Liberation Day tariffs. Subsequently, the move greatly affected the US stock market, with a monumental crash and recession fears abounding the economic outlook.

However, the administration is still hopeful that the short-term struggle will benefit the country in the long term. Moreover, it is optimistic about one key industry that could surge over the next four years. Indeed, US President Trump is poised to usher in a crypto ‘golden age,’ according to White House official Bo Hines.

Speaking to Fox News, the top cryptocurrency policy official for the administration discussed the industry’s potential. “The president has made this a priority, and it is a testament to his leadership and his knowledge of the space,” Hines said.

“Unlike any president before him, he has truly embraced this technological development in a way that no one else has, which has allowed us to do what we need to do to make the United States the crypto capital of the world,” he added.

Hines also notes that the administration is “clearing the deck” of Biden-era policies. Indeed, the previous president had a well-established opposition to the industry. Yet, things have already changed drastically in the early months of Trump’s return. Things should continue, with Standard Chartered saying Bitcoin has $500,000 upside under Trump.
@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

ELIZABETH WARREN ACCUSES TRUMP OF MARKET MANIPULATION OVER TARIFF CHAOS

Senator Warren accuses Trump of market manipulation through erratic tariff decisions, alleging insider profit.

Trump's unpredictable tariffs, including a sudden hike on Chinese goods and a temporary pause, are causing market instability and economic uncertainty.

Congress is facing pressure to investigate Warren's claims and address the economic impact of Trump's tariff policies.

President Donald Trump’s 90-day tariff pause gave crypto markets a brief moment to breathe—but the calm didn’t last long. Behind the scenes, political tensions are heating up fast. U.S. Senator Elizabeth Warren is now going after Trump with serious accusations, claiming his unpredictable tariff moves may have been more than just bad policy. She says they might have been a calculated play to benefit his wealthy allies.

Could these sudden shifts in trade policy be more than meets the eye? The story gets deeper—and more explosive—the further you look.

Is Trump Playing the Market?

Warren is urging an independent investigation to find out whether Trump’s sudden tariff changes were meant to benefit his wealthy Wall Street allies. She argues that his actions go beyond bad economic planning and could point to deeper issues. Calling the pattern “corruption,” Warren claims that insiders close to Trump may have made profits by taking advantage of market chaos.

One of Warren’s main concerns is the sharp increase in tariffs on Chinese goods—from 105% to 125%—which caught markets off guard. Around the same time, Trump announced a 90-day pause on tariffs for other countries. This brief relief calmed the markets temporarily, but Warren believes the timing may have been deliberate—giving insiders a chance to “buy the dip” before prices bounced back.

Economic Warning Signs Are Flashing

Warren didn’t stop there. She blamed Trump’s constant changes in trade policy for hurting the U.S. economy, saying the “flip-flopping” has shaken investor confidence. With factory output slowing and job openings (JOLTS data) showing weakness, fears of a possible recession and rising inflation are growing.

From the Senate floor, Warren called on Congress—especially Republicans—to take action and put an end to what she calls “Trump’s tariff chaos.” She warned that this unpredictable approach to trade could cause even more damage to the economy if left unchecked.

More Lawmakers Join In

Representative Steven Horsford also criticized Trump’s sudden tariff reversal, saying it might be an example of market manipulation. He questioned who benefited from the move, hinting that billionaires may have taken advantage of the situation. His comments reflect growing concern in Congress that Trump’s trade policies are helping a select few while creating volatility.

Other lawmakers have also raised red flags, worried that Trump’s unpredictable trade strategy could harm the U.S. economy in the long run.

Former National Security Advisor John Bolton also voiced his disapproval. He said Trump’s tariff approach is flawed, and instead of working with allies to hold China accountable for intellectual property theft, Trump has picked fights with major trading partners.

As political and economic tensions rise, attention is now on Congress. Will lawmakers launch a formal investigation into Warren’s claims of market manipulation? For now, the pressure is building—and the markets are watching closely.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

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Thank you Dinar Recaps

"I Believe the 'Mar-a-Lago Accords' Surface Soon - Tied To Gold?" | Mike Maloney

"I Believe the 'Mar-a-Lago Accords' Surface Soon - Tied To Gold?" | Mike Maloney

4-10-2025

The Mar-a-Lago Accords are coming—and they could change everything.

We're on the verge of a massive global monetary reset, and this time, it's all about gold and silver.

Will the U.S. return to a gold-backed dollar?

Could gold skyrocket to $12,000 per ounce?

And is silver the most undervalued asset in the world right now?

In this powerful breakdown, we connect history, policy, and market signals to uncover what’s really going on behind the scenes.

 From Nixon’s exit from the gold standard to today’s emerging monetary crisis, this is not just speculation—it’s a call to prepare.

What you'll learn:

Why gold is poised for a monumental revaluation

How silver could outperform gold by 5x to 10x

What the Fed’s own balance sheet reveals about the current system

How global elites may be front-running the next monetary regime

Why now may be the last window for average investors to act

Don’t ignore the signs. The most important financial shift of our generation is already underway.

https://www.youtube.com/watch?v=V6gEeKQJ808

Thursday Coffee with MarkZ. 04/10/2025

Thursday Coffee with MarkZ. 04/10/2025

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 RVers

Member: What good RV news have you heard Mark????

Member: Anything from Bond holders???

MZ: bond contacts have gone very quiet.  As of this morning I am still hearing crickets from the bond side. I think this is great news. They were expecting dollars. My biggest bond holders told me afterward I was just going to go to voicemail so they did not get into trouble.

MZ: Group contacts are moving to set up for disbursement.

MZ: Yesterday on the banking side we saw a lot of rates populating and changing on nearly every currency we are looking at- throughout the afternoon. This is a first. This is exciting.

Member: It sounds like we are just waiting for notifications to come out if bond holders are on nda's.

MZ: That is exactly what I was thinking.

Member: Everyone is going silent in the tg rooms! Daily chats being shut down. Seems very close! Silence is golden

Member: Could we get to go this week?

MZ: I think we may see bonds wrapping up this week. If so then 3 to 7 days later we see currencies go….that is what I think.

Member: If your bond folks are under nda ….maybe we’re at the point of going in 3 - 7 days??. Fingers crossed

Member: Didn’t Mike Bara said he saw rates of the dong at $2.12?

Member: I would be ecstatic with a rate of 1 to 1

MZ: I am still guessing it will be at the $2-$2.25 range.

Member: I've held at 3.50 IQD and 2.25 dong …that way no disappointment

Member: I’ll be happy if we actually ever get our notifications. What I ever I get on rates is more than I had before.

Member: I think we're all going to be shocked with the rates. I don't care what the rates are going to be. They're going to be great!

Member: Vietnam has found quite a bit of gold. Might that help the value?

MZ: In Iraq: “Al Rafadain is activating the comprehensive banking system in 57 branches”  this is an add-on to the ever expanding digital banking system in Iraq.this is one of the pillars of the reforms to lift the purchasing power of the dinar.

MZ: “Positive indicators to diversify sources of income away from oil” they want to diversify their economy for agriculture ect….more than just oil.

Member: Can’t they diversify after the RV…sigh

MZ: I believe they need to point out all the stability there to justify the rate change.

Member: The US Embassy in Baghdad confirmed on Wednesday that it had signed multibillion-dollar agreements with Iraqi Prime Minister Mohammed Shia al-Sudani, through American companies.

MZ: Huge deals were cut yesterday through US and Iraqi businesses

Member: MarkZ, if Iraq is signing contracts with US electric contractors to update their grid system at the current rate of $0.0008, why would Iraq RV? Wouldn't it cost them more money if they did?

MZ: They base them in US dollars for these contractors. They rarely base foreign contractors in IQD. If it’s a Australian contractor they base them on Australian currency….If it’s a US contractor its based on USD…..ect.

Member: On FOX News last night, they were openly talking about a reset!

Member: Mark, as you said last night POTUS has mentioned currency revalue often. He may be pushing us closer to parody even before the RV to make parody much easier after?

Member: It feels like everything is lining up for something big . RV , stablecoin regs , tariffs creating a level playing field.

Member: We are living through history. folks will be talking about this in hundreds thousands of years in the future. they might even reference our comments

Member: Feels like everything is lining up for Easter long weekend.

Member: Just thinking if Easter is our timeline than next week takes us there and even adds a 3day weekend.

Member: Thanks to all. Everyone enjoy your day and stay positive.

Mod:  WE HAVE DR. SCOTT AND ZESTER TONIGHT AT 7:00 PM EST!

Mark does a little Q&A throughout the call for newbys today. Please listen to full replay for this information.

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  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=_eSLsOfRK6A