‘This Is The Beginning Of The Greatest Financial Crisis In US History’:
Peter Schiff makes dire predictions to Boom Bust 13 Mar, 2020
After suffering the worst stock market crash since 1987, the US Federal Reserve has announced a $1.5 trillion injection to ease strained capital markets. It is the biggest action by the Fed since the 2008 financial crisis.
RT’s Boom Bust is joined by the CEO of Euro Pacific Capital Peter Schiff to find out if the Fed’s actions are enough to stop the stock market bloodbath.
“The bull market is clearly over, just look at the numbers,” says the veteran stock broker.
“This is the beginning of the greatest financial crisis in US history,” Schiff says, adding “The financial crisis of US of 2008 will pale in comparison as with the severity of this recession. We are going to have a much greater recession than the one that we had in 2008.”
According to the expert, the difference is that “this one is actually going to have inflation; we are going to have rising consumer prices and a falling dollar which is going to make it so much worse than what we have experienced 10-12 years ago.”
Schiff explains that the coronavirus is just a pin while the debt bubble is the problem. The virus has not only pricked the stock market bubble and the crypto bubble, but it has also punctured the bond market bubble.
“So, now we have to deal with the consequences of the disease that the Fed inflicted us with. And unfortunately the Fed’s cure for the coronavirus is going to be fatal for the economy.”
The strategist says that the fiscal stimulus is going to make the situation worse.
“The US is broke, there is no money to stimulate the economy, and all we can do is print money… The bond market is imploding because there is too much debt.”
To continue reading, please go to the original article here:
https://www.rt.com/business/483006-greatest-financial-crisis-us-history/
Dollar Ticks Up In Baghdad, Erbil
2026-11-08 02:45 Shafaq News- Baghdad/ Erbil The US dollar opened Sunday’s trading higher in Baghdad and Erbil, hovering around 169,000 dinars per 100 dollars.
According to a Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 168,600 dinars per 100 dollars, up from the previous session’s 168,300 dinars.
Good Morning Dinar Recaps,
GULF SECURITY ALERT: MISSILE INTERCEPTIONS DAMAGE SAUDI ARAMCO BUILDING AS SHIPPING RISKS GROW
Rising military threats and commercial vessel incidents are increasing uncertainty around critical energy infrastructure and the trade routes connecting the Gulf to global markets.
Bank Failures are Coming, the Financial System is Overleveraged
AI Bubble Bursting, Banks in Trouble, Another 2008 Coming? | Todd "Bubba" Horwitz
Liberty and Finance: 11-6-2026
A brutal sell-off has Wall Street flashing warning signs, and Todd "Bubba" Horwitz believes this could be the beginning of a much deeper market collapse.
He warns that stocks could fall another 40% to 60%, with AI valuations, a weakening housing market, and mounting banking risks creating a dangerous combination.
Stern Drew: Japan’s Banking System Goes Dark
11-7-2026
JAPAN’S BANKING SYSTEM GOES DARK: THE BANKING BLACKOUT IS HERE
128 banak across western Japan just went dark at the same time.
ATMs, Teller counters at 3,430 branches, Internet banking, Transfers to other banks: all went dark.
Source: Kurdistan Share Dispute Delays Iraqi Budget Vote
2026-11-07 / 01:57 Shafaq News- Baghdad Disputes over provisions on the Kurdistan Region's share of Iraq's 2027 federal budget remain unresolved, a government source told Shafaq News on Saturday, after the Council of Ministers did not meet to vote on the bill.
Prime Minister Ali Al-Zaidi's office confirmed to Shafaq News that no cabinet session was held on Saturday.
Good Afternoon Dinar Recaps,
GLOBAL SECURITY AND TRADE RESET WATCH: U.S. LAUNCHES TASK FORCE IRON GATE TO RESTRICT IRANIAN LAND ROUTES
The new U.S. military initiative expands economic and security pressure on Iran beyond the naval blockade, targeting weapons, restricted technology and revenue moving through land borders and the Caspian Sea.
TNT:
Tishwash: Barak after meeting Zidane: The rule of law and strong institutions are the foundation of stability and prosperity in Iraq
US Presidential Envoy to Iraq, Ambassador Tom Barrack, linked the consolidation of the rule of law with the promotion of trust, investment, and stability, stressing that strong institutions are the foundation for lasting peace and prosperity, following his meeting with the head of the Supreme Judicial Council, Faiq Zaidan, in Baghdad on Friday.
Barak said in a post published on the “X” platform, which was followed by “Baghdad Today”, that he met with Zaidan in the presence of the official for democratic cooperation, Steve Fagin, to discuss strengthening judicial cooperation between the United States and Iraq.
Ariel: The XRP Connection and Iraqi Dinar Trigger
11-6-2026
Here is what you will not find on any blog, any forum, any intelligence newsletter, anywhere:
The XRP Connection:
The reset is not purely metallic. The gold peg is the anchor. The distribution mechanism is distributed ledger technology and the SEC’s settlement with Ripple in 2025 was not a legal conclusion. It was a systems integration.
MilitiaMan & Crew: Is This the Breakthrough? State Banks and Digital Files
11-6-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Iraqi Dinar news update for November 6. We are analyzing the latest coordination between state banks and new digital files.
This update focuses on the ongoing shift toward formal channels for financial oversight. We examine recent documentation regarding state banks and how these institutions are coordinating to improve transparency and operational efficiency across the sector.
Trump’s Major Iraq Call, EO 13848, and Iraqi Uprising Next?
Jon Dowling and Chris Real World: 11-6-2026
As nations grapple with systemic changes, understanding these diverse elements offers valuable perspective on where our global economy and society are heading.
At the forefront of these international developments is Iraq’s ongoing political and economic journey.
Recent diplomatic engagements and administrative efforts are heavily focused on establishing long-term stability and strengthening national sovereignty. By working closely with international partners, including the U.S. administration, the region aims to foster a secure environment for growth and reform.