Saturday, 7 March 2020

Global news - 7 March, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
'Unsustainable': Mexico's Pemex buckling under crushing pension debt
The coronavirus domino effect: South Korean tech firms reel as Vietnam links curbed

A lot of leveraged drillers and crude suppliers dependent on prices above $50 will see a credit implosion.

## War on cash/cashless society/cryptocurrencies ##
A New York Power Plant Is Mining $50K Worth of Bitcoin a Day

## Airline death spiral ##
Qantas cuts flights to Asia amid virus outbreak
Coronavirus sends China’s aviation industry into free fall, damaging hopes of becoming global hub

## Fault lines/flashpoints/powder kegs/military/war drums ##
To combat the China threat, US Marine Corps declares ship-killing missile systems its top priority
Beyond The Ford: Navy Studies Next-Gen Carriers
The Future Carrier 2030 Task Force, which the service will announce next week, will study how carriers stack up against new generations of stealthy submarines and long-range precision weapons being fielded  by China and Russia.
Since there were no cash payments involved in the relationship, there was no danger of violating U.S. sanctions against Venezuela.
Lawyers for survivors of 9/11 victims accuse Saudi authorities of targeting witnesses
Legal team also reveals that murdered journalist Jamal Khashoggi was 'potential witness' in lawsuit

## Propaganda/censorship/fake news/alternative facts ##
Coronavirus: US Secretary of State Mike Pompeo switches disease name to ‘Wuhan virus’ as it spreads in the US

## Systemic breakdown/collapse/unsustainability ##
The Cultural Problem of Cheating & Lying
Widespread dishonesty in the U.S. — exemplified by Trump but coming long before him and going far beyond —  threatens key pillars of society.

## Japan ##
Virus forces Japan to cancel ceremony to mark tsunami
Japan to invalidate 2.8 million visas for Chinese amid virus fears
Japan will temporarily nullify 2.8 million visas held by Chinese and 17,000 held by South Koreans to prevent the new coronavirus from spreading in the country, the Foreign Ministry said Friday.
The virus also keeps foreign tourists at home, instead of visiting the US and spending their money there. Duh. -- RF
• Coronavirus

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