“World Economy Has Entered A Recession”
As Bad Or Worse' Than The Global Financial Crisis – IMF chief
27 Mar, 2020 15:44 / Updated 1 day ago
World economy has entered a recession 'as bad or worse' than the global financial crisis – IMF chief
IMF chief Kristalina Georgieva said it’s “clear” that the global economy has “entered recession” due to the evolving Covid-19 pandemic, and that the organization is working on projections to assess how severe it will be.
Georgieva said she expects the recession to be “quite deep.” Recovery is projected for 2021, but only if the virus can be contained, she said.
She said countries needed to step up their response measures aggressively, adding that the IMF has received a large number of requests for emergency financing. Georgieva said the international body has received pledges from Britain, Japan, and China for a “catastrophic containment and relief trust” for the poorest countries and that she hopes more will follow.
A key concern about a long- lasting impact of the sudden stop of the world economy is the risk of a wave of bankruptcies and layoffs that not only can undermine the recovery but can erode the fabric of our societies.
She predicted that emerging markets will need assistance of $2.5 trillion, and that estimate is “on the low end.” A practical approach will be needed to prevent indebted countries from “falling off the cliff,” she said.
Speaking about the US in particular, Georgieva said it will be absolutely necessary to cushion the world’s biggest economy and said the $2 trillion package of measures already agreed on by the Trump administration was a welcome step.
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She said it is important to protect workers and families from sudden loss of income, and that it is also critical to protect companies.
The IMF boss also confirmed the body is working closely with the World Health Organization (WHO) to raise global production of critical medical equipment. She said China is an important source of health supplies and is stepping up production.
She predicted that the global recovery will be staggered, much like the way the pandemic hit countries one after the other.
Global confirmed cases of the Covid-19 virus surpassed 550,000 on Friday, with more than 25,000 deaths, according to a Johns Hopkins University tally. Europe is the current epicenter of the pandemic, with countries including Italy, France, Spain, and the UK in national lockdown mode in a bid to contain the spread.
The WHO said this week that the US, which has more confirmed cases than any other individual country, has the potential to become the next epicenter.
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Now What?
Notes From the Field By James Hockman (Simon Black / Sovereign Man) November 5, 2026
Let’s take a deep breath think clearly for a bit.
My mind usually tracks to history and seeking wisdom from the past. But we don’t have to go back very far to see a pattern.
It was only six years ago that the entire world was in the throes of the Covid insanity. In the US, lockdowns, media hysteria, mask mandates, business closures, etc. had everyone stressed to the max.
Banks, Bonds & Markets Face A Dangerous Reckoning | Alasdair Macleod
Liberty and Finance: 11-5-2026
Alasdair Macleod warns that the recent gold and silver selloff is masking a much deeper crisis: the accelerating collapse of fiat currencies.
He argues that rising energy costs, higher bond yields, and weakening consumer demand could trigger a serious economic slump, putting banks, private equity, insurance companies, and equity markets under mounting pressure.
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But understand something…
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How To Protect Your Money From Rising Inflation
Esther Shaw Wed, October 21, 2026 a
Inflation is picking up pace once again.
Not only does this spell bad news for the cost of living, but rising prices can also have a detrimental effect on almost all areas of your finances: from your mortgage and savings to your pension.
In September, the Consumer Prices Index (CPI) measure of inflation rose to 3.5pc, up from 3.1pc the month before, according to the latest data from the Office for National Statistics (ONS). The main factor causing the rise was cost increases to motor fuels.
Good Afternoon Dinar Recaps,
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11-5-2026
IRAQ — THE FIRST DOMINO
Iraq’s parliament is submitting their federal budget this Saturday November 7, 2026 ahead of the November 15 deadline imposed by the IMF standby arrangement. The budget contains a redenomination provision for the Iraqi dinar. This has been in negotiation for 18 months. The holdup was never political disagreement inside Iraq’s Council of Representatives.
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The day after America voted, the US Treasury added a secondary-sanctions warning to Iraqis already blacklisted for moving Iran’s money. Any bank, anywhere, that still deals with them now risks its own access to US dollars.
America is still counting. Congress changed hands on Tuesday. On Wednesday morning Washington tightened Iraq’s money rails anyway.
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Brent futures fell 80 cents, or 0.85% to $93.82 a barrel as of 0426 GMT, while US West Texas Intermediate crude futures were down $1.2, or 1.36%, to $86.92. Both benchmarks tumbled by more than 8% in the previous session to settle at their lowest since August 31.
Good Morning Dinar Recaps,
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TNT:
Tishwash: 100 trillion dinars are circulating outside banks, and Iraqis continue to prefer cash.
Indicators from the Central Bank of Iraq showed a continued rise in the volume of currency circulating outside the banking system, reaching about 100.183 trillion dinars at the end of August 2026, despite recording a decline compared to the previous month.
According to data seen by Shafaq News Agency, the currency outside banks decreased from 100.792 trillion dinars at the end of last July to 100.183 trillion dinars at the end of August, a decrease of 609 billion dinars.
The data indicated that the total currency issued amounted to 107.998 trillion dinars at the end of August, while the currency held by banks amounted to 7.815 trillion dinars, with funds circulating outside banks constituting about 92.8% of the total currency issued.
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In the world of great wealth, “loss” does not necessarily mean cash out, but often reflects a change in the market value of the assets they own.
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TIER 4B – ISO 20022: The First Sovereign Trade Between Two Nations Outside the Dollar System
11-4-2026
TIER 4B – ISO 20022
Telegram 11/3/2026
https://t.me/Tier4B_ISO20022
CONFIRMED: THE FIRST SOVEREIGN TRADE BETWEEN TWO NATIONS SETTLED OUTSIDE THE DOLLAR SYSTEM THIS MORNING
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Ariel: The Clock is Winding Down on Iraq
11-4-2026
The Clock Is Winding Down On The Regime:
Every revaluation in history the deutsche mark 1948, the ruble 1998, the Argentine convertibility plan, the Vietnamese dong had one thing in common. The fiscal authority had to stop creating a second, competing exchange rate. Budgets don’t move the rate. Budgets determine whether the rate can be unified.
This isn’t a spending vote. It’s a rate-numerator vote. Iraq’s problem has never been the quantity of dinar in circulation it’s the existence of two prices for the same currency.
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 Wed. 4 Nov. 2026
Compiled Wed. 4 Nov. 2026 12:01 am EST by Judy Byington
FRI. 30 OCT 2026 — THE GCR PUBLIC ANNOUNCEMENT …John F. Kennedy Jr. on Telegram Tues. 3 Nov. 2026
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Reset Intelligence: Iraq Puts Its Budget to a Vote.
By Reset Intelligence | @EXIT_FIAT
Iraq's cabinet is reported to be meeting in an extraordinary session on Saturday with one item on the table: the 2027 budget. A source inside the governing alliance says it could slip to early next week. It is the first full budget Iraq has put to a vote since 2023.
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Brent futures fell 26 cents, or 0.25%, to $103.34 a barrel by 0157 GMT. US West Texas Intermediate crude futures fell 53 cents, or 0.55%, to $95.56.
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