Friday, September 11, 2020


News Links, September 12, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Unprecedented Stimulus Is Fueling an Explosion of Fraud, Governments Begin to Admit
"If you discover at a later stage that there was Mafia involvement, how do you undo what you've already done?"
Good news? -- RF

## Airline death spiral ##
Some Cathay Pacific businesses to forgo Covid-19 wage relief from Hong Kong government, paving way for lay-offs

## Fault lines/flashpoints/powder kegs/military/war drums ##
Who is the Rogue State in the South China Sea?
While it may be fashionable to demonize China regarding its policies and practices in the South China Sea, China is not the only country acting contrary to existing international law there.
10 F-35Bs fly to Britain for exercise with HMS Queen Elizabeth
"We are prepared to defend every centimeter of our land, and I believe the alliance is willing to fight over the Senkaku Islands," he said on Wednesday night, referring to the Japanese-administered East China Sea islets that Beijing claims and calls the Diaoyu Islands.
First agreement between China and India since June clash a pledge for peace

## Energy/resources ##
Saudi Aramco Is Now Suffering The Consequences Of A Failed Oil Price War
• Coronavirus

## Systemic breakdown/collapse/unsustainability ##
Dear Jerry and James: You're Both Wrong About New York
The "system" known as a city, now bloated and overgrown by decades of mal-investment, will be forced to become self-supporting.
Remember: In the final analysis, it's all about energy. When cities become unable to maintain the sufficient throughput of high-density energy, things start falling apart. -- RF
"Our infrastructure has a grade most of us would be horrified to bring home to our parents, but that's what we have."
Extinction Rebellion protester arrested for defacing Winston Churchill statue
Over 600 people were arrested during the environmental demonstrations in London
Toxic pesticides banned for EU use exported from UK
Trade loopholes allow chemicals to be sent to developing countries as well as US, Japan and Australia
Covid-19: We have no idea where vaccine will come from, says expert

## US ##
Unemployment Crisis Going in Wrong Direction: Week 25 of U.S. Labor Market Collapse
Continued unemployment claims rise for second week, to 29.6 million, worst since Aug 1, meaning 18.4% of labor force is on unemployment insurance.

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