Coronavirus Biggest Threat To Global Growth Since The 2008 Financial Crisis
Coronavirus Biggest Threat To Global Growth Since The 2008 Financial Crisis
Stocks Jump Ahead Of Emergency G7 Coronavirus Call
Oscar Williams-Grut Senior City Correspondent
Yahoo Finance UK 3 March 2020
European Central Bank president Christine Lagarde said on Monday night the ECB stands ready to take 'appropriate' action. (Michael Probst/AP)
European stocks climbed on Tuesday, amid hopes of coordinated international action to support the global economy.
Equities rallied ahead of an emergency call between G7 finance ministers and central bankers at 12pm GMT to discuss their response to the coronavirus outbreak.
Possible actions could include coordinated spending by governments, the buying up of debt, lending to banks to ease liquidity pressures, or even a coordinated interest rate cut, something not seen since the financial crisis.
Australia’s central bank cut interest rates overnight and US President Donald Trump called for a rate cut from the US Federal Reserve on Twitter on Tuesday morning.
European Central Bank (ECB) president Christine Lagarde, who will be on Tuesday’s call, said in a statement on Monday night the ECB is “closely monitoring developments” and stands “ready to take appropriate and targeted measures”.
Bank of England governor Mark Carney said Tuesday to expect a “powerful and timely” response that will include “a combination of fiscal measures and central bank initiatives”.
The FTSE 100 (^FTSE) was up 1.8% by lunchtime, the German DAX (^GDAXI) climbed by 1.8%, and the French CAC 40 (^FCHI) surged 1.5%.
Stocks surged in the US overnight. The S&P 500 (^GSPC) closed up 4.6%, the Dow Jones (^DJI) climbed 5%, and the Nasdaq (^IXIC) closed 4.4% higher.
Michel Hewson, chief market analyst at CMC Markets, said investors were betting on “a joined up and cohesive response to the economic disruption caused by the various coronavirus shutdowns.”
The OECD on Monday warned coronavirus is the biggest threat to global growth since the 2008 financial crisis. The group said global growth could be as low as 1.5% this year if the epidemic transforms into a pandemic.
However, Reuters reported overnight that a draft text of the G7 coronavirus statement does not detail either a monetary or fiscal response.
“If true there is likely to be some disappointment that nothing concrete has been decided yet,” Deutsche Bank strategist Jim Reid and team wrote in a note to clients on Tuesday.
“The 2008 template suggests that the biggest response is unlikely to come at the first meeting. They will probably need a fair bit more time to be truly co-ordinated.”
Neil Wilson, chief market analyst at Markets.com, said: “The stage is set for a let-down and we have yet to see any real momentum from the US session carry forward into Asia.”
Overnight in Asia, Japan’s Nikkei (^N225) closed down 1.2%, the Hong Kong Hang Seng closed down flat (^HSI), while the Shanghai Composite (000001.SS) ended up 0.7%.
The Bank of England declined to comment on Monday night when asked about a G7 call. The Treasury didn’t respond to a request for comment.
Stephanie Starr: Asset-Backed USA Money
10-2-2026
THE BIG NEW DEAL
“100% ASSET-BACKED USA MONEY”
It describes a new Treasury Dollar as BOTH a currency AND a stock, one that “gains value” while returning direct ownership back to We the People. Look at the asset column: gold, minerals, markets, industry, technology, agriculture, energy, silver… all feeding into the system. And right in the center? A POWER BUTTON. The Debt Clock has repeatedly used the phrase “Flip the Switch” in its New Money Revolution material. Then you have Trump standing opposite FDR , the president associated with one of the biggest monetary restructurings in U.S. history!
Reset Intelligence: Are Gold-Backed Currencies Coming?
By Reset Intelligence | @EXIT_FIAT
The economist who has argued for 30 years that the dollar should be tied to gold again is now counselor to US Treasury Secretary Scott Bessent. Her best-known proposal is a Treasury bond that pays back in dollars or in a fixed weight of gold.
The same week, a fresh shipment of cash dollars from the New York Fed landed in Baghdad, and Bessent told Iraq's Foreign Minister what Washington expects next.
Good Morning Dinar Recaps,
WON RESET WATCH: SOUTH KOREA URGES FASTER DEVELOPMENT OF WON-BACKED STABLECOINS
South Korea’s cryptocurrency industry is urging faster development of digital payment tokens backed by the Korean won as the country responds to the growing reach of dollar-based digital payments.
Ariel: Everything is Lining up for the Main Event
10-1-2026
No More US Coalition Forces In Iraq
• Complete The Cabinet
• Make The Official Announcement
• Sign Off On The Removal Of The Program Rate
KTFA
Thursday Night Video
FRANK26….10-1-26….CBI CONFESSION
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
The Dollar In Iraq: The Government Announces The Arrival Of A New Cash Shipment
Last updated: October 1, 2026 The Independent - Iraqi government spokesman Haider al-Aboudi announced the arrival of a new shipment of cash dollars to Iraq, as part of the understandings reached with the United States regarding the continued sending of shipments of US currency to meet legitimate needs in the Iraqi market.
What Should I Do With Cash Sitting In My Bank Account?
Published Sep 23, 2026 Sergei Klebnikov
Idle cash refers to money that is not invested, not needed for daily expenses and not reserved for future purchases. When cash sits uninvested and earns little yield, it loses purchasing power over time, especially during periods of inflation and rising costs. But putting idle cash to work doesn’t necessarily mean seeking the highest available yield.
Judy Shelton Joins The Treasury, Do We Have The Gold? Gold Destroys The Fed,The Golden Age
X22 Report: 10-3-2026
Bessent brings on Judy Shelton to assist in transitioning the country to sound money.
Gold in the end will destroy the Fed.
Judy Shelton has joined the US Treasury Dept. as councilor to the Secretary.
Judy has spent decades thinking deeply about monetary policy, Sound money, gold and the architecture of the global financial system.
Reset Intelligence: IQD: The Currency of the New Babylon.
By Reset Intelligence | @EXIT_FIAT
On Tuesday the Abu Dhabi Securities Exchange switched Iraq's stock market into its cross-border trading network, where trades settle in local currencies. 103 Iraqi companies, valued at $21.7 billion, now sit inside a network holding over $1 trillion in listed value.
The next day Baghdad told its own public that buying and selling have slowed, and that deleting the zeros from the currency is under discussion with no decision taken.
The New Iraqi Dinar: Changing The Currency's Design Without Removing Zeros
Last updated: October 1, 2026 Independent/- An informed source on the monetary file revealed that the Central Bank of Iraq is moving towards changing the design of the national currency and issuing a new edition that includes updates in the form and security elements, without affecting the nominal value of the dinar or resorting to the project of removing zeros.
Good Afternoon Dinar Recaps,
GLOBAL TRADE RESET WATCH: G20 MOVES TOWARD COORDINATED ACTION ON CHINA'S EXCESS STEEL CAPACITY
Twenty-eight economies have agreed on a framework to address global steel overcapacity, potentially reshaping trade protections, industrial supply chains, and the movement of goods across international markets.
Ariel: Are you all Ready for What is about to Occur?
10-1-2026
The Seal Has Broken: Gold Shall Return (Field Report)
Judy Shelton Treasury Insertion, Iraq’s 170 Tons, and the Coming Gold-Backed Fiscal Reset
Are You All Ready For What Is About To Occur?
Sit down and grab a snack.
TNT:
Tishwash: Trump: We are leaving Iraq with a great prime minister there.
The US President announced Donald Trump On Wednesday, the international coalition announced the end of its military presence in Iraq.
He said Trump In a statement followed Alsumaria News"I am pleased to announce that the last American troops are leaving."Iraq Today,” he said, adding, “We are leaving Iraq with a great prime minister there.”
GP Q: Iraq’s Date with Destiny
10-1-2026
IRAQ — DATE WITH DESTINY
1 October 2026
Iraqi Sovereignty Day.
Inside a government window running 30 September through 3 October, Baghdad is marking the end of the US-led Coalition combat mission. Iraqi institutions hold security and national decisions. Cooperation continues as a bilateral partnership, not a coalition command.
Iran Central Bank Chief Dismisses Currency Concerns Over Essentials
2026-09-30 Shafaq News- Tehran Iranian Central Bank Governor Abdulnaser Hemmati said on Wednesday there were “no concerns” over securing the foreign currency needed to import medicines and essential goods.
Speaking on the sidelines of a meeting of the Economic Commission of the Iranian parliament, Hemmati stressed that ensuring access to basic needs was among the central bank’s top priorities.
Good Morning Dinar Recaps,
STABLECOIN RESET WATCH: U.S. TREASURY PUTS GENIUS ACT RULES INTO OPERATION AS DIGITAL DOLLAR INFRASTRUCTURE TAKES SHAPE
The Treasury’s new procedural framework moves the United States another step toward a regulated stablecoin system that could connect dollar-based digital payments more closely with the traditional financial system.
Ariel: The Rate and the Budget, What you Need to Know
9-29-2026
The Rate & The Budget: What You Need To Know (The Clock)
Iraq’s fiscal year is the calendar year. The Financial Management Law (No. 95 of 2004) and a decade of hardened parliamentary practice require the budget to pass through the Council of Ministers’ review, then transmission to Parliament, then the Finance Committee markup, then three separate readings, then the vote all completed before January 1, 2027, or the country runs on the twelfth disbursement under the old law.
Iraq and the United States discuss strengthening cooperation in the recovery of smuggled funds and extradition
Money and business Economy News – Baghdad The head of the Federal Integrity Commission, Dr. Mohammed Ali Al-Lami, stressed that combating corruption and protecting public money requires concerted national and international efforts, and strengthening cooperation in the prosecution of those involved in corruption and enrichment issues at the expense of public money, and the recovery of wanted persons and smuggled funds.
The 10-year Treasury yield hit a 19-year high in September – Why is it so important?
Sep 25, 2026| Seth Carlson J.P. Morgan Wealth Management Investing Essentials
If it feels like the 10-year Treasury yield has become a fixture in financial headlines, there’s a reason for that. As investors navigate lingering inflation concerns, shifting market expectations around Federal Reserve policy and questions about economic growth, moves in the 10-year Treasury yield are closely watched, as it can impact mortgage rates, stock prices and broader financial conditions.
Fed Insider Reveals the Global Dollar Reset
Miles Harris: 9-30-2026
For years, mainstream financial headlines have warned of the imminent decline of the US dollar as the world’s undisputed reserve currency. Narrative-driven commentary often points to aggressive foreign central bank purchases and changing trade alliances as definitive proof that the greenback is losing its crown.
However, an analysis of key insights from the Federal Reserve’s annual Jackson Hole Symposium presents a far more intricate and nuanced reality. Rather than witnessing an outright abandonment of the currency, the global economy is experiencing a structural transformation in how dollar exposure is accessed, managed, and held worldwide.
Ariel: The Exchange Rate is the Foundation
9-29-2026
Swisher1776: IQD RV: The Council of Ministers announced that it has officially received the draft of the 2027 Federal General Budget Law.
The pieces have locked into place. The Council of Ministers receiving the 2027 Federal General Budget Law draft is not routine bureaucracy it is the mechanism. Under Iraqi budget law, the exchange rate MUST be codified inside the budget before passage.
October 15 is not a suggestion. It is the statutory choke point.
Good Afternoon Dinar Recaps,
DIGITAL PAYMENTS RESET WATCH: APPLE PAY ENTERS INDIA AS GLOBAL PAYMENT SYSTEMS EVOLVE
Apple Pay’s launch in India adds another major global payment network to one of the world’s most advanced real-time digital payment ecosystems, highlighting the continuing evolution of how money moves across borders and platforms.
10-2-2026
When the historical record ultimately establishes that President Donald J. Trump led a coalition that successfully replaced a fractional, opaque, intermediary-heavy, debt based banking system with a demonstrably sounder system built around full asset backing with applicable, transparent reserves, auditable ledgers, open access, rapid settlement, enforceable property rights, and institutional accountability – the historical significance will be enormous.