Wednesday, April 08, 2020


News Links, April 9, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Construction Activity Plunges in Germany, France, & Italy
And construction companies "aren't expecting a swift recovery."
EU clears 50 billion pound UK 'umbrella' scheme to support economy

## Fault lines/flashpoints/powder kegs/military/war drums ##
HASC chairman could use next stimulus to help defense industrial base
Over a quarter of humanity lives under U.S. economic sanctions. That means millions of people lack untroubled access to food and medicines during a lethal pestilence.

The maw of industrial civilization is never satisfied. -- RF
Russia: U.S. Shale Decline Can't Count As 'Output Cut'
Production declines across the U.S. shale patch as companies reduce drilling and spending cannot be viewed as a voluntary U.S. cut aimed at supporting oil prices, Vladimir Putin's Press Secretary Dmitry Peskov said on Wednesday.

## Got food? ##
President Donald Trump on Tuesday threatened to cut US funding to the World Health Organization, accusing it of bias toward China during the coronavirus pandemic.
• Coronavirus
Coronavirus: low antibody levels raise questions about reinfection risk
Scientists in Shanghai say some recovered patients show no signs of the neutralising proteins
Biosecurity in question at US germ labs
Biosafety Level 4 labs in the spotlight as speculation swirls that Covid-19 may have emerged from such a facility
As a rule, aren't all such labs secretive? -- RF
Take off those halos, guys. It's 100% assured that US and UK "state-backed" hackers are just as active. -- RF

## Propaganda/censorship/fake news/alternative facts ##
US Media Downplay Overseas Coronavirus Lessons to Focus on Easter Bunny

## Systemic breakdown/collapse/unsustainability ##
Monkeys, elephants and dogs reclaim India's streets in virus lockdown
New index documenting all current studies will be updated weekly
Another U.S. IPO of a Chinese Company Goes Bust in 11 Months

## US ##
Why This Downturn Will Be as Bad (or Worse) than the Great Depression
Calls to US helpline jump 891%, as White House is warned of mental health crisis
How Lockdowns Hit U.S. New & Used Vehicle Sales: Beyond Ugly
When the unemployment crisis exploded onto the scene three weeks ago, sales totally collapsed. What's in store for the industry?
Young progressives say they don't want 'return to normalcy' under Biden
Several groups of young progressives said they're not on board with Democratic presidential candidate Joe Biden's call for life to go back to what it was before the election of President Donald Trump.
• Coronavirus
'This is very real': from their window, New York couple sees refrigerated trucks remove bodies
A New York couple has seen the cityscape outside their Brooklyn apartment change dramatically in recent weeks, as refrigerated trucks line up in the lot below to receive the remains of COVID-19 victims as they exit the Wyckoff Heights Medical Center.
The makeshift Robertson Ventilator can be assembled with hardware-store supplies in 20-30 minutes at a cost of less than $100.

Tuesday, April 07, 2020


News Links, April 8, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Asian companies pose lower dividend risk due to stronger finances
Spain Announces Guaranteed Free Money: What's Really Going On?
Gold, silver soar as safe-haven buyers gain more confidence
Argentina plans payment freeze on up to $10 billion in local-law dollar debt
Russia's Inflation Picks Up After Ruble Crash
Price rises are an early sign of the impact of the coronavirus on the Russian economy.

## Cut, baby, cut! ##
Halliburton Cuts Jobs, Executive Pay
Exxon Cuts Spending By $10 Billion As Oil Prices Collapse
Vallourec cuts 900 pipe manufacturing jobs in North America

## Airline death spiral ##
Alaska warned U.S. government its largest regional airline was on verge of collapse: letter
Coronavirus brings Boeing's US airplane production to a halt
France's ADP loses 3 million euros a day in sales due to coronavirus - CEO
Domestic travel in the US, Australia and Southeast Asia could resume by June, says Flight Centre CEO
Hainan Airlines calls bondholders for meeting on plan to defer debt repayment amid liquidity squeeze

## Fault lines/flashpoints/powder kegs/military/war drums ##
Shale oil was never going to make the US energy-independent, anyway. -- RF
• Coronavirus

## Intelligence/security/internet/cyberwar ##
MuzzleWatch: Breaking down the legal attack against the BDS movement
Unfortunately, the Pentagon has now submitted a legislative proposal that would move the U.S. toward the Chinese model of defense opacity.

## Propaganda/censorship/fake news/alternative facts ##
OPCW Report Expected to Blame Syria for Chemical Attacks
Trump administration attempts to blame China for its own abject failure. -- RF

## Systemic breakdown/collapse/unsustainability ##
'Smart toilet' recognizes users' backsides, analyzes poop
It's not my intent to "dump on" this invention, but many people will suffer shock when abruptly transitioning from hi-tech porcelain thrones to holes in the ground. -- RF

## US ##
White House considering U.S. Treasury coronavirus bond: Kudlow
Trump, other top officials yet to don masks in public despite announcing CDC guidelines
The Lockdown Wouldn't Be So Devastating If Our Economy Wasn't So Rigged, Brittle and Exploitive
An economy of rackets designed to enrich the few at the expense of the many is brittle because self-serving rackets snuff out competition, accountability and transparency.
Bailing Out the Bailout
It will take years to sort through the details, but Trump's $2 trillion COVID-19 response looks like a double-down on the last disaster
• Coronavirus
NYC may temporarily bury coronavirus victims on Hart Island
Some coronavirus victims could be temporarily buried in the Hart Island potter's field — or even public parks — if New York's morgues become overwhelmed by the number of dead, officials said Monday.

Monday, April 06, 2020


News Links, April 7, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Ocean shipping services continue to deteriorate
Apple supplier Foxconn's sales down 7.7% in March
Swiss gold refineries to reopen at sharply reduced capacity
Emerging Currencies Under Threat From Covid-19 Face Further Declines

## Airline death spiral ##
From 271 to 13: American suspends most NYC flights amid coronavirus crisis; demand 'evaporating'

## Fault lines/flashpoints/powder kegs/military/war drums ##
Taliban warn peace deal with US near breaking point
How Generals Fueled 1918 Flu Pandemic to Win Their World War
Just like today, brass and bureaucrats ignored warnings, and sent troops overseas despite the consequences.
Acting Navy Secretary Under Fire For Speech Calling Fired Captain 'Stupid'
'What the f-ck?' a sailor can be heard yelling in the background of Modly's speech over the ship's PA system.
So Much for Keeping the Military Out of Politics
Acting Navy Secretary Modly's Trumpian approach to the military and his firing of a carrier captain has gone over like a lead anchor. Now members of Congress are calling for his own firing.

## Energy/resources ##
The Oil Giant Drowning In Debt
[Exxon's] struggles are growing, but they predate the pandemic and the collapse of oil prices.
• Coronavirus
Scientists at the Royal Melbourne Hospital believe ivermectin may in turn reduce the severity of the life-threatening disease. They are now urging for ivermectin to be trialled on coronavirus patients, as experts continue the race against time to find a cure.

## Intelligence/security/internet/cyberwar ##
U.S. Will Cover-up Its Own Coronavirus Death Toll
The Trump administration has used the novel coronavirus pandemic to malign its perceived enemies. Now as the U.S. itself is at the center of the pandemic the accusations and lies come back to bite.
Open database exposes 425 GB of financial companies' data

## Systemic breakdown/collapse/unsustainability ##
Saudi futuristic city turns mirage in Covid-19 era
Tokyo running out of beds and gear, medical staff say
As Japan faces a fresh wave of coronavirus infections and the government prepares for a state of emergency, medical staff say a shortage of beds and a rise in cases linked to hospitals are pushing Tokyo's medical system to the brink of collapse.

## China ##
If Lockdown Is a Needless Over-Reaction, Then Why Did China Lockdown Half its Economy?

## US ##
New York Fed, FDIC Tout "Opacity in a Banking Crisis" to Keep Corporations, Hedge Funds, PE Firms & Counterparties in the Dark about Weak Banks
"Suppressing" bank balance-sheet data in a banking crisis to prevent the biggies from yanking their billions out of a weakened bank.
• Coronavirus

Sunday, April 05, 2020


News Links, April 6, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Deflationary collapse: Coming right up! -- RF
With over a million coronavirus cases, economic freefall looms

## Airline death spiral ##
U.S. airlines apply for U.S. payroll help but terms still unclear

## Fault lines/flashpoints/powder kegs/military/war drums ##
11 Nations on Board as UN Secretary-General Pushes Global Ceasefire
Maximum Pressure on North Korea Is a Total Failure
Why should America continue fighting a 70 years' war with a country 6,000 miles away when it is so ill-prepared for an epidemic at home?
Both Freedom House and V-DEM's Annual Democracy Report shows Israel is experiencing a precipitous decline in democracy. Thought that would hardly be surprising to the 2 million Arab citizens that live there.
For those of you in the northern hemisphere, if you're planning on learning to garden, now's the time. Remember that, despite your wildest fantasies, you are not going to become an instant farmer. -- RF
The Biggest Chokepoint in the Global Food Supply Chain Is Trucks
Truckers hauling food are facing delays across the globe in the latest disruption to supply chains snarled by the coronavirus pandemic.

• Coronavirus
Cuba: US embargo blocks coronavirus aid shipment from Asia
Cuban officials say a shipment of coronavirus aid from Asia's richest man, Jack Ma, has been blocked by the six-decade U.S. embargo on the island.
US Leads Global Wave of Nations Stealing, Seizing and Diverting Coronavirus Equipment
Governments have resorted to seizing, diverting, outbidding and outright stealing equipment from each other in a desperate bid to stem  the tide of the coronavirus epidemic.

## Systemic breakdown/collapse/unsustainability ##
And while the United States is uniquely poorly positioned to address this, the massive jolt this has provoked the world over makes it clear enough that the systems of capitalism, of industrial civilization itself, have been teetering on the edge.
COVID-19 and the "Just-in-Time" Supply Chain: Why Hospitals Ran Out of Ventilators and Grocery Stores Ran Out of Toilet Paper

Tokyo Gov Yuriko Koike said Sunday the metropolitan government has secured about 1,000 beds for coronavirus patients, although experts say at least 4,000 beds may be needed for the capital.
Mainland China reported 30 new coronavirus cases on Saturday, up from 19 a day earlier as the number of cases involving travellers from abroad as well as local transmissions increased, highlighting the difficulty in stamping out the outbreak.
How much gold does China really have and how will it be used?
Fishermen face bleak year as pandemic bites
After three months of storms and high winds, a slump in demand has left most of the UK's fleet tied up and facing ruin
The Blob Sucked Away Your Public Health and Gave You War Instead
Trillions down the drain for overseas operations and the national security state is still agitating for more.
Everything I have warned about for years—government overreach, invasive surveillance, martial law, abuse of powers, militarized police, weaponized technology used to track and control the citizenry, and so on—has coalesced into this present moment.
• Coronavirus
Hey, I thought such things only happen in China! -- RF
Shortly afterward, the federal government published highly unusual guidance informing doctors they had the option to prescribe the drugs, with key dosing information based on unattributed anecdotes rather than peer-reviewed science.

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