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.
Iraq Currency Update: Why September 15th Could Be a Significant Date | Jon Dowling
8-21-2026
The intersection of geopolitical developments and global financial markets continues to present a complex landscape for investors, policy analysts, and market observers alike.
Recent reports highlight a pivotal moment marked by structural economic changes in the Middle East, major regulatory shifts in digital assets, and significant movements across precious metals and energy markets. Understanding these interwoven dynamics is essential for navigating the broader global economic landscape.
Good Afternoon Dinar Recaps,
Oil Is Forcing Central Banks Back Toward Tightening: The Global Inflation-Debt Collision
The Iran conflict is creating a new problem for policymakers: oil and energy costs are pushing inflation higher at the same time that governments are already carrying heavy debt loads. For the global financial system, the question is becoming whether central banks can fight inflation without making sovereign debt and economic growth problems worse.
Iraq Secures Alternative Oil Export Routes Amid Hormuz Disruptions
2026-08-21 Shafaq News- Baghdad Iraq has secured alternative routes for oil exports and activated border crossings to sustain trade as disruptions through the Strait of Hormuz strain the country’s economy, Prime Minister Ali Faleh Al-Zaidi announced on Friday.
TNT:
Tishwash: The governor of Kirkuk clarifies the implications of his statements regarding Article 140 and affirms: The relationship between Kurds and Turkmen is historical.
Kirkuk Governor Mohammed Samaan clarified the implications of his recent statements regarding Article 140 of the Iraqi Constitution, stressing that his remarks did not target any specific group, but rather highlighted the legal obstacles surrounding land ownership in the province, most of which is owned by Kurdish and Turkmen citizens.
Samaan explained that the ongoing legal disputes over the ownership of those lands are hindering the governorate's efforts to distribute residential plots to employees, noting that Article 140 has not yet succeeded in finding radical solutions to this issue.
Ariel: Iraq’s Digital Currency Transition
8-21-2026
Convergence Events: Iran Militia Abandonment, Digital Currency Pivot, Midterm Contingency Protocol
Why Iran Walked Away:
The U.S. Treasury campaign Operation RIAL COLLAPSE (I made that up) ran for approximately 18 months. It was not a sanctions regime. Sanctions are public-facing and performative.
Iraq Faces A Difficult Period... Al-Zaydi: We Have More Than One Solution To The Economic Crisis, And The Budget Will Soon Be Before Parliament - 8/21/2026
Latest News Friday,August 21, 2026 Baghdad - One News - 8/21/2026 Prime Minister Ali al-Zaidi affirmed that Iraq is going through a “critical” phase, given the escalating tensions in the region and the repercussions of the closure of the Strait of Hormuz on trade and the economy, stressing that the government has a range of alternatives and solutions to deal with the economic pressures and maintain the country’s stability.
Good Morning Dinar Recaps,
When U.S. Debt Becomes a Currency Problem: The Dollar-Bond Relationship Enters a New Phase
The United States has crossed the $40 trillion debt threshold just as long-term Treasury yields remain elevated and the dollar weakens—raising a larger question about whether investors are beginning to view high U.S. yields as compensation for fiscal risk rather than simply an attractive return.
Rob Cunningham: Treasury Secretary Bessent is the Smartest Banker on Earth
8-21-2026
Treasury Secretary Scott Bessent is the smartest banker on earth.
Stablecoins destroy the Central Banker’s scarcity deception when sound currencies and tokenized real-world assets prove – in real time – the vastness of real-world value that actually exist in abundance.
The Clarity Act and the RV Explained | Global Financial Reset
End the Fed by Dr. Scott: 8-21-2026
John Michael Chambers assembles an expert panel—Will Barney, Captain Rob Cunningham, and first-time guest Doctor Scott Young—for a deep dive into the global financial reset, the Clarity Act, the RV, and the path from tyranny to sovereignty.
Will Barney opens with a critical point: we cannot have sound money without first reclaiming our sovereign elections and government.
Good Afternoon Dinar Recaps,
India Pushes the Rupee Further Into International Trade as Dollar Dependence Gradually Diversifies
New trade rules make it easier for Indian exporters to invoice and receive payment in rupees, adding another piece to the gradual diversification of the global payments system.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Fri. 21 Aug. 2026
Compiled Fri. 21 Aug. 2026 12:01 am EST by Judy Byington
On Mon. 24 Aug. 2026 the ISO 20022 messaging (that defines how banks transmit payment information), completes its transition across all major banking rails. For the first time in history SWIFT, Federal Reserve, European Central Bank, Bank of England, BRICS, IMF and all high value cross-border payment systems will speak the same transaction language. …Tier4b ISO20022 on Telegram Tues. 18 Aug. 2026
Independent Sources Reveal: Iraq's 2027 Budget Is Set At 200 Trillion Dinars, With The Exchange Rate Fixed At 1320.
August 20, 2026Last updated: August 20, 2026 Al-Mustaqilla - According to informed sources speaking to Al-Mustaqilla on Thursday, the Iraqi government is moving towards adopting a dollar exchange rate of 1320 Iraqi dinars within the 2027 budget project, with no current intention to change the adopted exchange rate.
Good Morning Dinar Recaps,
The Dollar-Debt Disconnect: Why Higher Treasury Yields Are No Longer Supporting the Dollar
U.S. borrowing costs remain elevated as Treasury intervention loses momentum, oil approaches $95 and investors reassess the relationship between American debt, interest rates and the dollar.
TNT:
Tishwash: The Washington Post: Iraq under al-Zaidi's leadership is on a path of positive change
In an article published in The Washington Post on Thursday, Tim Constantine reviewed the key achievements of Iraqi Prime Minister Ali Faleh al-Zaidi during his first 100 days in office.
The article, titled "What Has Iraq's Prime Minister Accomplished in His First 100 Days?", stated: "When a new US president is sworn in, the media often rushes to make grand predictions about what can be accomplished in the first 100 days. The momentum generated by the national election, the enthusiasm surrounding the arrival of a new president, and the political capital he brings all raise expectations for the initial start.
Al-Hashemi: Iraq Is The Biggest Loser From The Tightening Of The US Blockade On Iran
Money and business Economy News – Baghdad Economist Ziad al-Hashemi warned on Thursday of the repercussions of any US tightening of the economic blockade on Iran, stressing that Iraq may be one of the most affected regionally because of its dependence on Iranian gas and commodities.
"The surrounding countries of Iran, led by Iraq, Turkey, Turkmenistan, Afghanistan, Pakistan and Armenia, will be under direct American pressure to review their trade and financial relations with Tehran and avoid collisions with the United States," he said.
Shattering the Myth That Higher Taxes Can Fix the $40 Trillion National Debt
Notes From the Field By James Hickman (Simon Black / Sovereign Man) August 20, 2026
In June of 1944, American soldiers were storming the beaches of Normandy, single-handedly leading the fight to defeat the Nazis.
Back home, Americans gave everything they had. Some 85 million bought war bonds. The top income tax rate hit 94%, the highest in US history. Even ordinary people paid more and more income tax to support the war effort.
The Treasury Just Admitted It... The Bond Market Is Broken
Peter Schiff: 8-20-2026
Peter Schiff breaks down the Treasury's panic move to rescue the bond market, the $40 trillion debt milestone, and gold's $185 reversal day.
The Treasury just doubled its bond buybacks. Peter Schiff says that's the government admitting the bond market is broken.
On the same day the national debt topped $40 trillion, the Treasury announced it is doubling its long-term bond buybacks from $2 billion to $4 billion... buying the bonds everybody else is selling, and funding it by issuing more short-term debt.
Ariel: This Needs to be Said on Record
8-20-2026
When You Run Across Those Who Are Unsure (Show Them This)
You’re holding a piece of paper that was called worthless by the same international banking structure that called the Iraqi Dinar “speculative” and the Vietnamese Dong “non-investment-grade.” The same structure that told everyone their mortgages were secure in 2007. The same structure that said the petrodollar was eternal.
Oil Prices Hover Near Peak During Hormuz Impasse
2026-08-20 Shafaq News Oil prices steadied in early trade on Thursday as investors assessed the outlook for the U.S.-Iran war and the security of shipping through the Strait of Hormuz.
Brent crude futures for October delivery rose 25 cents, or 0.3%, to $91.87 a barrel by 0037 GMT, while U.S. West Texas Intermediate crude futures for September slipped 2 cents to $85.81 a barrel. The more active October WTI contract gained 14 cents, or 0.2%, to $84.53.
Good Afternoon Dinar Recaps,
Treasury Intervention Loses Its Grip as Oil, Debt and Bond Yields Reignite Global Market Pressure
The Treasury's effort to calm the long-term bond market provided only temporary relief. As yields climb again, oil approaches $94 and U.S. debt surpasses $40 trillion, investors are confronting a more difficult question: can policy intervention overcome the underlying forces driving the global repricing of risk?
TNT:
Tishwash: Removing zeros: A currency restructuring or a step to boost confidence in the dinar?
The issue of removing zeros from the Iraqi currency has resurfaced, amid economic debate about the feasibility of this step and its implications for the value of the dinar and the purchasing power of the citizen, as well as the readiness of the banking and financial sectors to implement it.
Economic experts believe that removing zeros, if implemented within a comprehensive study and a clear plan, could contribute to restructuring the currency and simplifying financial and banking transactions, while emphasizing that the measure itself does not mean an increase or decrease in the purchasing power of the dinar, as long as prices, salaries and savings are transformed at the same rate.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Thurs. 20 Aug. 2026
Compiled Thurs. 20 Aug. 2026 12:01 am EST by Judy Byington
CONFIRMED INTEL: The Tier 4B protocol is now in use. What was once laughed at as rumor and fantasy is now being carried out in a controlled way. …JFK Jr. Command Center on Telegram Wed. 19 Aug. 2026
Iraq, Vietnam, and Zimbabwe are quietly leading a change in the economy that is happening outside of public markets. This change is happening because of structure, security, and silence. It is no longer just a guess that the IQD, VND, and ZIM will be worth more. It is a fact of life.
Reset Intelligence: Iran’s Banker Confirms the Oil Money is at Zero
8-22-2026
Iraq’s Militias Lose Their Paymaster
By Reset Intelligence | @EXIT_FIAT
Iran’s central bank governor went on his own state television this week and said the words out loud: oil exports have stopped, and Tehran cannot reach its own reserves.