Friday 22 March 2019

Headlines - 22 March, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
A growing list of companies from FedEx to BMW are warning about the world economy
Views of “Current Economic Conditions” in Germany Drop to Euro Debt-Crisis Level
First-quarter of this year one of the worst despite the global stocks rally, UBS' Ermotti says
The investment banking environment has seen one of the worst first quarters in recent history, the CEO of UBS has warned, who told CNBC that he expects revenues to decline by about a third from a year ago.
Most people want higher taxes on rich to support poor – OECD
‘Deeply troubling’ survey of 21 countries finds 60% believe they are not getting ‘fair share’
Why developers are delaying or abandoning half the apartments they planned to build (Australia)
The property market upheaval brings billionaire investor Warren Buffett's oft-quoted piece of wisdom to mind: "Only when the tide goes out do you discover who's been swimming naked."

## Cut, baby, cut! ##
FedEx cites lagging global trade for Express struggles, employee buyouts on the way

## War on cash/cashless society/cryptocurrencies ##
Bitcoin Volume Collapsed During Venezuelan Blackout
Airline after airline is curtailing operations in India, forcing passengers to shell out more for their travel.

## Fault lines/flashpoints/powder kegs/military/war drums ##
German defense industry decries Berlin’s new budget plan as too low
U.S. may soon pause preparations for delivering F-35s to Turkey
The United States could soon freeze preparations for delivering F-35 fighter jets to Turkey, officials told Reuters, in what would be the strongest signal yet by Washington that Ankara cannot have both the advanced aircraft and Russia’s S-400 air defense system.
Countdown to “Full Spectrum Dominance”
The US is formally committed to dominating the world by the year 2020. With President Trump’s new Space Directive-4, the production of laser-armed fighter jets as possible precursors to space weapons, and the possibility of nuclear warheads being put into orbit, the clock is ticking…
Brazil’s new fascist president, Jair Bolsonaro, touched down in Washington to pay homage at the CIA headquarters and to visit President Donald Trump, with whom he met on Tuesday. All reports are that the meeting between the two heads of state went very well — not surprisingly, given how similar their politics and personalities are. Bolsonaro shares Trump’s penchant for racist, xenophobic remarks, calling immigrants from poor countries “the scum of the earth,” and also has a history of strongly sexist statements.

## War on Venezuela ##

## Global unrest/mob rule/angry people/torches and pitchforks ##
French soldiers on duty for next 'yellow vest' protest

## Energy/resources ##
Cloud Peak On Brink Of Collapse After Bad Coal Bet

## Got food? ##
Infested Yemen food aid needs fumigation to feed millions — WFP
Thousands of tonnes of food aid near Yemen’s flashpoint port city of Hodeida is infested with insects and must be fumigated to feed millions of people, the UN said on Wednesday.
These are expensive solutions and won't be realistic for most people. -- RF
The case was only the second of some 11,200 Roundup lawsuits to go to trial in the United States.
Media Blackout as Israel’s Largest Banks Pay Over $1 Billion in Fines for US Tax Evasion Schemes
Israel’s three largest banks — Hapoalim Bank, Leumi Bank and Mizrahi Tefahot Bank — have all been ordered to pay record fines, which collectively are set to total over $1 billion, to the U.S. government after the banks were found to have actively colluded with thousands of wealthy Americans in massive tax-evasion schemes.

## Propaganda/censorship/fake news/alternative facts ##
Washington Post Fact-Checker Creates His Own Reality

## Systemic breakdown/collapse/unsustainability ##
"The Era Of Negative Population Growth Is Coming Soon"
The Chinese population will peak at 1.442 billion people a decade from now in 2029.
However, that's assuming continuance of the current energy level, which is — obviously — already too low to support the current population. And other countries are already experiencing negative population growth. Net energy decline: the slayer of populations, economic growth, and globalization. -- RF
The "labor shortage" is happening because of the tanking fertility rate, which is a result of net energy decline. -- RF

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