Thursday, June 25, 2020



## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The Depression Dominoes Are Toppling
Once you allow your economy to become dependent on extremes of debt, leverage, inequality, legalized looting, monopoly, pay-to-play politics and speculative asset bubbles, a depression is inevitable.

## Airline death spiral ##
IATA predicts airlines will lose $84 billion in 2020, but agency offers a roadmap for recovery
In April, air travel declined 98% from last year as countries closed their borders in efforts to stem the coronavirus pandemic.
Qantas Cuts 6,000 Jobs And Grounds International Fleet For At Least 12 Months

## Energy/resources ##
Global oil discovered was 7.7 times less than consumption in 2019
It's important to realize how extremely serious this situation is. -- RF
Occidental signals writedown of up to $9 billion on bleak oil price outlook

## Environment/health ##
? Coronavirus
Coronavirus: will vaccine deals lead to poorer countries missing out?
World leaders have called for vaccines to be a public good, but many countries are striking exclusive agreements with pharmaceutical firms
Is AIPAC Finished?
No conference, guidance, deference, or Foreign Affairs Committee chair
Is it OK for other countries to punish the US over its treatment of Black Americans? -- RF

Wednesday, June 24, 2020



## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
IMF slashes its forecasts for the global economy and warns of soaring debt levels

## War on cash/cashless society/cryptocurrencies ##
New Zealand makes its biggest ever asset seizure over alleged vast bitcoin crime ring

## Airline death spiral ##
Lufthansa draws up 'Plan B' to avoid insolvency - source

## Fault lines/flashpoints/powder kegs/military/war drums ##
Trump aides begin discussions on Israel's West Bank annexation plan: sources

## Energy/resources ##
U.S. Shale Has Lost $300 Billion In 15 Years
In the 15 years since the first U.S. shale boom, the industry as a whole has failed to return a profit.
With contracts canceled and debts mounting, offshore oil drillers face another shakeout
? Coronavirus
Florida reports another record spike in coronavirus cases, up 5.3% in a day

## Intelligence/security/internet/cyberwar ##
Trump, Bolton, and Pompeo: Loathsome Peas in a Pod
Biden And His Ventriloquists Keep Out-Hawking Trump
In a series of truly chilling and ominous tweets, Joe Biden shows us he would dispense with Trump's even minimal non-interventionism and return the U.S. to full-bore aggression.
Twitter terminates DDoSecrets, falsely claims it may infect visitors

## Japan ##
LDP lays groundwork to consider equipping Japan with attack capabilities
The ruling Liberal Democratic Party began preparations Tuesday to establish a team to consider the possibility of the nation possessing the capability to attack enemy bases.
Office cluster pushes Tokyo coronavirus cases to one-and-half-month high: NHK
China's COVID-19 Vaccine Makers Are Going Abroad for Human Trials
With dwindling coronavirus cases at home, Chinese biomedical companies are cooperating with Brazil and the UAE for phase three clinical trials.

Tuesday, June 23, 2020


News Links, June 24, 2020

European Union countries eager to revive their economies are prepared to bar entry to Americans because the United States has failed to control the coronavirus pandemic, the New York Times reported from Brussels on Tuesday, citing draft lists of acceptable travelers.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Indian and Chinese military agree to disengage in disputed Himalayan border
Iranian Tankers & the Age of Interdiction
Two forms of interdiction — the steady expansion of U.S. sanctions and our stunning drift toward  unmasked censorship — have begun to intersect.
The US and Russia need to reduce their nuclear arsenals to a level commensurate with that of China in order to reasonably demand that China participate. Further, why doesn't the US insist that Israel participate? -- RF
Israel leverages dubious 'Nuclear Archives' to re-enlist IAEA in campaign against Iran
The International Atomic Energy Agency has once again lent itself to the political interests of the United States and Israel, provoking a needless conflict with Iran
Energy, not money, makes the world go around. -- RF
U.S. LNG Exports Crash By More Than 50%

## Environment/health ##

## Intelligence/security/internet/cyberwar ##
Assange Extradition: '60 Minutes' Gives Assange Fair Shake
The Australian version of the CBS News program '60 Minutes' presented a segment on Julian Assange Sunday night that was missing the usual mainstream media smears and distortions about his case.
One Of The World's Largest Web Tracking Companies Leaks Tons Of Personal Info From An Unsecured Server

## UK ##
More than 700 U.S. cities plan to delay or cancel infrastructure projects because their budgets are drained, according to a National League of Cities survey.
Seattle mayor announces city will reclaim police-free CHOP autonomous zone taken over by demonstrators

Monday, June 22, 2020


News Links, June 23, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Four charts show how India's coronavirus lockdown affected its economy
'Total disaster': Phantom billions plunge Wirecard into chaos
Wirecard said on Monday that 1.9 billion euros ($2.1 billion) it had booked in its accounts likely never existed, a black hole that threatens to engulf the payments company and tarnish the reputation of Germany's financial watchdog.
Carnival extends operations pause as cruise industry troubles persist

## Airline death spiral ##
Latin-America's Airlines Are Crashing, But There May Be No Bailouts. Aeromexico Denies Filing for US Bankruptcy
The AMLO government, which has refused to bail out shareholders and bondholders of large companies, could be on to something: A form of capitalism where investors, not taxpayers, carry the risks.
American Airlines seeks $3.5 billion in new financing

## Fault lines/flashpoints/powder kegs/military/war drums ##
UN Report: Israeli Demolitions in Palestine Soaring in June

## Global unrest/mob rule/angry people/torches and pitchforks ##
Dutch police detain 400 after protest over coronavirus restrictions
Shale industry will be rocked by $300 billion in losses and a wave of bankruptcies, Deloitte says
The Oil Countries Suffering Most From The Oil Price Crash
? Coronavirus

## US ##
What Happens When a Mall Goes Dark?
The outlook for malls gets darker and darker.

Sunday, June 21, 2020


News Links, June 22, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
No escaping global trade slump

## War on cash/cashless society/cryptocurrencies ##
New York Fed's 'Bitcoin Is Just Another Fiat' Claim Sparks Controversy

## Airline death spiral ##
Returning tourism won't save airlines from coronavirus
The bad news is piling up for aircraft makers and their parts suppliers – and the white knights they were dreaming of may never turn up
Airbus extends furloughs in UK, Spain in latest effort to tackle COVID-19 fallout

## Fault lines/flashpoints/powder kegs/military/war drums ##
Amid stand-off with China, India faces new low in bilateral ties with Nepal
Kathmandu has approved a controversial new map marking as its territory land currently administered by India, with experts saying China's influence in Nepal has boosted its assertiveness.
1962 India-China war redux?
China no longer thinks that it can afford to take lightly the steady Indian buildup of military infrastructure
Union Votes Strike At Bath Iron Works; Destroyer Fleet At Risk
As delays in getting ships delivered on time worsen, Navy acquisition chief James Geurts said, "It is critical for our Navy that we get ships, we get them on the schedule we contract for them, and that we have high confidence in our shipbuilders to deliver."

## Global unrest/mob rule/angry people/torches and pitchforks ##

## Energy/resources ##
Russia ranks first in gas reserves globally
Russia holds 19.1% of total global proven gas reserves, followed by Iran and Qatar, according to BP's latest report
Global oil demand may have peaked in 2019: Moody's
Why Big Oil Won't Be Buying Up Struggling Companies

## Got food? ##
'There Is No Work Here': Migrant Workers, Some Sick, Head North

## Solutions ##
A Perfectly Sustainable World Is Within Our Grasp
But we need to liberate ourselves from the wishful thinking that we can live as extravagantly as we do now. -- RF

## Environment/health ##
When humans pull back, other species can flourish. -- RF
Food deliveries add to Thai plastic headache
Waste almost doubled during lockdown with food containers, cutlery and bags clogging canals, rivers and landfills
Python skin jackets and elephant leather boots: How wealthy Western nations help drive the global wildlife trade
? Coronavirus
Trump suggests US slow virus testing to avoid bad statistics
President Donald Trump is suggesting the U.S. should slow down its coronavirus testing effort because robust testing turns up more cases of infection
'The Pandemic Is Accelerating,' Says WHO Chief, Warning of 'New and Dangerous Phase' of Coronavirus Crisis
That suggests the virus appeared in Italy around the same time it was first reported in China.
The study found that hydroxychloroquine, which President Donald Trump has frequently touted a possible treatment, did not provide any benefit to the patients, even though it did no harm, NIH said in a statement.

## Intelligence/security/internet/cyberwar ##
A field guide to Trump's dangerous rhetoric
Putin On World War II
Due to decades of Hollywood propaganda many people in "western" countries believe that the U.S. did the most to defeat the Nazis during World War II.

## Propaganda/censorship/fake news/alternative facts ##
5 Facts BBC's "The Salisbury Poisonings" Forgot to Mention

## Systemic breakdown/collapse/unsustainability ##
Taxpayers Are Footing The Bill For 100-Year Old Oil Wells
The number of non-operational orphaned wells could skyrocket at a time when the oil industry is in danger of entering structural decline
'A culmination of crises': America is in turmoil, and a mental health crisis looms next

## Japan ##
Mitsubishi UFJ to ban financing for production of nuclear weapons

## US ##
Local politicians in Washington, D.C. claim a $1.5 billion budget deficit due to the coronavirus pandemic. So, they're lobbying Congress for a two-year $3.15 billion bailout.
West Va. city debuts former Marine Corps Mine-Resistant Ambush-Protected vehicle amid policing debate

Friday, June 19, 2020


News Links, June 20, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
ECB's Lagarde urges quick EU recovery plan as economy in 'dramatic fall'
Air freight rates head back to earth as virus-driven boom cools
An air cargo boom driven by demand for protective gear against the coronavirus has peaked and rates, while still 50% above normal levels, are falling in a worrying trend for airlines relying on freight revenue in the absence of passengers.
JAL to raise ?500 bil to secure financial base

## Fault lines/flashpoints/powder kegs/military/war drums ##
4 rockets hit Baghdad's Green Zone in challenge to Iraqi PM
Washington Complains: China is Doing What We Always Do!
Beijing is using threats and aid to pressure other governments to toe the line. Wherever did they get that from?
Crippling new sanctions punish Syrian civilians for US defeat in proxy war
Trump troop cut in Germany fits a pattern of hitting allies
West Bank Annexation Plan Tests Gulf-Israeli Relations
Most Arab states in the Persian Gulf have little choice but to come out solidly against the pending annexations.

## Intelligence/security/internet/cyberwar ##
Deutsche Telekom: We oppose blanket bans on foreign vendors
It would be wrong for Germany to impose blanket bans on foreign vendors of telecoms network equipment, Deutsche Telekom CEO Tim Hoettges said on Friday, in an answer to a question about China's Huawei Technologies.

## Systemic breakdown/collapse/unsustainability ##
While Washington Dithers, States Put Infrastructure Spending on Ice
China Sees Tanker Traffic Soar As Oil Storage Runs Out

## UK ##
UK debt is bigger than economy for first time since 1963
Government borrowed a record ?55bn in May on back of coronavirus crisis
UK tells telcos to stockpile Huawei gear in face of U.S. sanctions: letter
British security officials have told UK telecom operators to ensure they have adequate stockpiles of Huawei equipment due to fears that new U.S. sanctions will disrupt the Chinese firm's ability to maintain critical supplies, according to a letter seen by Reuters.

## US ##
The narrowing of the defense-industrial base has reached critical levels
Fed Ends QE, Total Assets Drop. Liquidity Injection Ends
The Big Shift: Fed shifts to propping up consumption rather than asset prices.
Trump Says 'Decoupling' From China on the Table
The Police Weren't Created to 'Protect and Serve.' They Were Created to 'Maintain Order.' A Brief Look at the History of Police in America
For the Rich to Keep Getting Richer, We Have to Sacrifice Everything Else
They're hoping the endless circuses and trails of bread crumbs will forever distract us from their plunder and the inequalities built into America's financial system.

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