Wednesday, 11 March 2020

Global news - 11 March, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Gold jumps past $1,700 level for first time in seven years on virus fears

European Bank Stocks Collapse to March 2009 & 1988 Levels
Just how much lower can they go? To Zero. And the ECB’s negative interest rates are driving them closer to it.
Report: Pilots restarted software, causing fatal nosedive
Desperate pilots of an Ethiopian Airlines Boeing 737 Max reactivated the jet's flight control software that prevents aerodynamic stalls when nothing else worked to stop their descent
Anger for British Airways passengers as IT meltdown leaves them unable to access bookings online

## Fault lines/flashpoints/powder kegs/military/war drums ##
US to Boost Military Aid to Ukraine, Will Include Armed Patrol Boats
North Korea Fires Unidentified Projectiles Off Coast
The whole idea is extremely stupid, foolish, and irresponsible, though it also shows that the military mind understands the need for highly dense energy sources, not the dilute energy of renewables. -- RF
• War on Iran

## Global unrest/mob rule/angry people/torches and pitchforks ##
Civil Disobedience in the Time of Climate Crisis

## Energy/resources ##
Russia Can Live With $25 Oil For Years
This also illustrates the power of fossil fuels. Try pushing a passenger car for just a short distance. -- RF
The Great American Shale-Oil Bust Turns into Massacre
Shares of shale oil drillers collapsed by 25%-50% today. Their bonds got massacred. Saudi-Russia price-war strategy appears successful in wiping out investors in the US shale-oil sector.
The Covid-19 disease the virus causes is basically a flu though its seems to be one of the more severe kinds. But it is a totally NEW kind of flu and that makes all the difference.
Corporations and Military Powers Are Selling Phony “Wokeness” on International Women’s Day
From Raytheon to the IDF, “woke” corporations and military powers are using International Women’s Day to shore up their “social justice”  credentials.

## Systemic breakdown/collapse/unsustainability ##
Florence Hit by the Coronavirus: The Curse of Hyperspecialization

## US ##
America's housing crisis
Millions of Americans can no longer dream of buying a home. Rental apartments are also unaffordable.
What the Fed Can Do: Print and Buy, Buy, Buy
Everyone with a pension fund or 401K invested in stocks better hope the Fed becomes the buyer of last resort, and soon.
• Coronavirus
This is the first of many. Most thought something like this would never happen in the US. But here we are.
The US Isn’t Ready for What’s About to Happen
Even with a robust government response to the novel coronavirus, many people will be in peril. And the United States is anything but prepared.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.