Wednesday, May 20, 2020


News Links, May 21, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Coronavirus crushes Australia's dividends with banks leading the decline
Norwegian Cruise Line extends sailing suspension; ships won't sail until August
EU exec to propose 1 trln euro recovery plan with grants and loans
Gold Is The Best Performing Asset In 2020 YTD: +15% in USD, +18% in EUR and +23% in GBP
Peter Schiff: Fed will 'wipe out' many investors; gold to return as reserve currency

## Cut, baby, cut! ##
Britain's Rolls-Royce to cut 9,000 jobs amid air travel slump

## Airline death spiral ##
Emirates, Qatar Airways to cull up to 40,000 jobs
Thai Airways crash lands into bankruptcy court
Airline complaints quadrupled in March: United saw biggest spike among US carriers
JetBlue blocking middle seats through Fourth of July as airlines face backlash for not social distancing
Germany agrees on rescue package for Lufthansa: media
Air France axes A380, Emirates seen cutting deliveries

## Fault lines/flashpoints/powder kegs/military/war drums ##
US Navy issues new distance guidelines for vessels after close encounters with Iranian ships
Trump administration blacklists Chinese company for working with Iranian airline
Japanese military to receive new rifles for the first time since 1989
Griffin 'extremely skeptical' of airborne lasers for missile defense
Shipbuilding suppliers need more than market forces to stay afloat
U.S. has not cut Afghan security funds despite Pompeo vow of immediate slash - sources
Israel must 'abandon threats of annexation': UN envoy

## Energy/resources ##
Green-Energy Zombie Abengoa Threatens to Default 3rd Time Since Enron-Style Collapse, Blames Covid, Begs for Fresh Bailout
Permian Basin Leads Decline In U.S. Shale

## Environment/health ##
2 Michigan dams breached, thousands evacuated amid flooding
• Coronavirus
Medical journal The Lancet says Donald Trump's letter to World Health Organisation is 'factually incorrect' in key claim
Trump says the WHO ignored 'reports of the virus spreading in Wuhan in early December 2019 or even earlier, including reports from The Lancet medical journal'
New NYPD press officer co-wrote The Intercept Russiagate story that landed source in prison
The Intercept published a story that landed Reality Winner in prison, burning its third source. That article was co-authored by Richard Esposito, an embedded police reporter who is now the NYPD's top spokesperson.

## Propaganda/censorship/fake news/alternative facts ##
Washington's tall tale of Iranian-Al Qaeda alliance based on questionably sourced book 'The Exile'
A disinformation campaign aimed to justify the assassination of Qassem Soleimani by painting him and Iran as willing enablers of al-Qaeda. The propaganda operation relied heavily on a shoddily sourced book, "The Exile."
A Close Look At Efforts Of Pro-NATO Propaganda Units Behind the Scenes Of SouthFront Censorship

## Systemic breakdown/collapse/unsustainability ##
The Destruction of Demand
What Unicorn Money-Sinkholes Actually Disrupt
They have accomplished an amazing feat: losing tons of money year after year during the Good Times in what were profitable industries.
• Coronavirus

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