Thursday, July 30, 2020


News Links, July 31, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Renault handed 'wake-up call' with record 7 billion euro loss
Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss

## Cut, baby, cut! ##
Dunkin' to close 800 U.S. stores

## War on cash/cashless society/cryptocurrencies ##
Peter Schiff: Gold 'Harder to Confiscate' Than Bitcoin as Searches Spike
Both sides of the argument miss the obvious: Sooner or later, the internet and power grids will go down. Of course that means gold is the winner. -- RF

## Airline death spiral ##
Going to Be Tough for Airlines, Full Recovery Moved to 2024: IATA
International air passenger volume still down 96.8%.
Lawmakers say airline contractors laid off more than 9,000 despite $728 million in federal aid

## Fault lines/flashpoints/powder kegs/military/war drums ##
US Arms Treaty Pullout Fuels Race for Hypersonic Weapons

## Energy/resources ##
The idea that we should just toss old panels into landfills is the same irresponsibility that created our current problem of a planet drowning in waste, much of it toxic. -- RF
End game for oil? OPEC prepares for an age of dwindling demand
Iraq to sign $4bn refinery contract with Japanese firm
Too many humans. And it's not just China. -- RF
• Coronavirus

## Intelligence/security/internet/cyberwar ##
Banning TikTok Will Accomplish Nothing. Fix Our Broader Security & Privacy Problems Instead.
Either you actually care about consumer privacy and internet security or you don't, and a huge swath of those hyperventilating about TikTok have been utterly absent from the broader conversation.
Many of these anti-drone measures are expensive and complicated. Some are illegal. The most affordable – and legal – way to avoid drone technology is hiding.
The man has become completely unhinged. Next he'll be telling us to check for Chinese agents under our beds and in our closets before retiring for the night. -- RF
EU sanctions Russian intelligence, North Korean, Chinese firms over alleged cyberattacks
Note that all the supposed attacks are said to be "alleged" or "suspected"; no evidence whatsoever is offered. Punishment is now meted out without the need for establishing guilt. -- RF
U.S. economy likely suffered historic plunge in second-quarter; outlook murky as COVID-19 cases surge
Police Departments Benefit From Police Militarization Program, but at What Cost to Communities?
This 9.5% plunge in Q2 from Q1 was still the steepest decline in nearly 70 years of quarterly data, which began in 1947.

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