Thursday, August 15, 2019

 

News Links, August 16, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
India's automobile slowdown is trickling down to a host of allied sectors
Trump threatens to pull out of WTO
Going negative? As trade war rages, central banks ponder radical steps
Singapore economy tipped for recession as US-China trade war slams imports, exports, manufacturing
"Zero Has No Meaning" Says Greenspan: I Disagree, So Does Gold
Alan Greenspan is wrong. Zero is very meaningful with negative being even more meaningful. It means central banks have hit a brick wall. They cannot cram any more debt into the system. There is no tolerance for paying interest.
Shrinking German economy 'on edge of recession' as exports stutter

## War on cash/cashless society/cryptocurrencies ##
Lower fees, snazzy branches: Hong Kong banks gird for online-only onslaught

## Airline death spiral ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian Fighter Jet Chases Off NATO Fighter Over Baltic Sea
Geopolitical temperature rising fast in the Pacific
Pacific nations at a forum this week may downgrade ties to Australia and New Zealand, and open the door for China

• War on Iran

• War on Venezuela

## Migrants/refugees ##
Undocumented immigrants on edge as new Trump immigration policy calls for more deportations

## Global unrest/mob rule/angry people/torches and pitchforks ##
Global Unrest: Protests Heat Up in Russia, Hong Kong, and the US

## Energy/resources ##


## Environment/health ##
Fuhgeddaboudit. Humans are greedy, stupid, short-sighted, and self-destructive. They will surely drive these species to extinction before we can learn their secret. But of course, these species also deserve to survive whether or not they are useful to humans. -- RF

## Intelligence/security/internet/cyberwar ##
Amazon says its facial recognition can now identify fear
Jeffrey Epstein guards suspected of falsifying log entries
Who Protected Epstein for Decades, and Why?
Or perhaps "Epstein was an intelligence asset" is just a tissue-thin cover for a much more destructive reality: those at the top of the American state have no moral compass at all.

• War on Julian Assange

## Propaganda/censorship/fake news/alternative facts ##
The Man Who Weaponizes And Loses Everything

## Systemic breakdown/collapse/unsustainability ##
Weld Problems Spread To Second Navy Sub Program
The company that has experienced slip-ups in delivering missile tubes to the Navy might leave the business, leaving only a single company who can do the work.
The Road to Hell Is Paved with Virtue-Signaling
The idea that everything will be solved if we borrow a couple more trillion and give it away is the dominant paradigm.
Solarplicity becomes 13th energy supplier to collapse since 2018
Thousands of homes left without an energy provider after firm goes bust
Hard to know if there's any truth to this, as the British government has spun a completely unbelievable tale. -- RF
Poll: Nearly 70% of Americans skipped fun in past year due to cost
Many cited savings, credit card debt and student loan debt as fun-interrupting factors.
All in next-gen corporate speak to give you the warm & fuzzies. Meanwhile, Uber hits new low, down 24% from IPO price. 

"What if we went back through all the family trees and just pulled those people out that were products of rape or incest?"
Answer: There would still be plenty of humans. -- RF


Tuesday, August 13, 2019

 

News Links, August 14, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Monetary Madness: Inverted Negative Yields in Germany, Negative Rate Mortgages

## War on cash/cashless society/cryptocurrencies ##
China's sovereign digital currency is 'almost ready': PBOC official

## Fault lines/flashpoints/powder kegs/military/war drums ##
Yemeni separatists capture Aden
Yet, it's not as though Hong Kongers enjoyed democratic self-government under the British. The handover of Hong Kong was the exchange of one empirical sovereignty for another.

• War on Venezuela

## Energy/resources ##
Can't say I agree with that. Oil at such a price would immediately crush the global economy, including the fragile US economy. But legislators around the world are not known for their reasoning skills. -- RF

## Got food? ##
The changes end blanket protections for animals newly deemed threatened and allow federal authorities for the first time to take into account the economic cost of protecting a particular species.
Norwegian discovery puts climate change in new light: It has become warmer than scientists thought
Climate scientists call Oslo's climate target "unbelievably extremely ambitious"
The city council in Oslo on Friday presented a plan for how to cut greenhouse gas emissions by 95 per cent by 2030.
One of Epstein's guards at the Metropolitan Correctional Center on the night he died was reportedly not a regular corrections officer.
Rich's Ghost Haunts the Courts (Ray McGovern)
It is verboten to utter his name, but a lawsuit and possible declassification of NSA documents could get to the bottom of the Seth Rich controversy.

## Japan ##

## UK ##
National Grid 'had three blackout near-misses in three months'
Industry sources say system operator aware of growing potential of blackouts 'for years'
Britain's empty shops hits highest level since 2015 - Springboard

## US ##
A $1 trillion US budget deficit is one big reason the Fed may have to cut rates
The recent debt deal between the White House and Congress virtually guarantees trillion-dollar deficits well into the future.
Fewer Americans believe children can prosper, learn in U.S., poll shows

And finally...

Sunday, August 11, 2019

 

News Links, August 12, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Suck it up, peons. -- RF
How Can a Company Lose $5.2 Billion on $3.2 Billion in Revenue? Uber Shows How
Uber's losses have been legendary for years, ever since they were being leaked to the public while it was still a privately held company. But this takes the cake.
Deskilling among manufacturing production workers
Automation has reduced the demand for skilled craftsmen around the world, thereby reducing the number of jobs in which workers with little formal education could acquire significant marketable skills.

## War on cash/cashless society/cryptocurrencies ##
Mexico Commerce Upended With Part of Banking System Offline
Problems at a Mexico City data-processing center caused widespread failure across the nation's banking system on Saturday, with companies and consumers reporting a spike in declined payments and transactions.
First-class air travel is symbolic of the extravagance made possible by fossil fuels. As such, its demise is similarly indicative not only of the airline industry's death spiral, but also of industrial civilization's general decline. -- RF
On "Humanitarian Intervention"
Nowadays... the term "humanitarian intervention" is nearly always understood to mean military action—or, in short, war.
Turkey to annex northern Syria with US blessing
Ankara outmaneuvers Washington, weeks after crisis in relations over purchase of Russian S-400 missile system

• War on Iran

## Global unrest/mob rule/angry people/torches and pitchforks ##

## Energy/resources ##
Permian Slowdown Could Start In 2020


## Environment/health ##
Vaping linked to 127 cases of seizures, FDA says
Giant river animals on verge of extinction, report warns
Populations of great freshwater species, from catfish to stingrays, have plunged by 97% since 1970

## Intelligence/security/internet/cyberwar ##

## Propaganda/censorship/fake news/alternative facts ##
Leaked Draft of Trump Executive Order to 'Censor the Internet' Denounced as Dangerous, Unconstitutional Edict
"In practice, this executive order would mean that whichever political party is in power could dictate what speech is allowed on the Internet."
Epstein, or How Your News is Cooked
Distorting the Definition of Antisemitism to Shield Israel from All Criticism
Seriously, none of this matters because such a city would never be sustainable, even if built. -- RF


## China ##

## US ##
Brick & Mortar Meltdown's Ugly Week in Record-Ugly Year
Critical U.S. Election Systems Have Been Left Exposed Online Despite Official Denials
The top voting machine company in the country insists that its election systems are never connected to the internet. But researchers found 35 of the systems have been connected to the internet for months and possibly years, including in some swing states.

And finally...


Thursday, August 08, 2019

 

News Links, August 9, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Financial World Gone Nuts: $15 Trillion Negative Yielding Debt
12 countries with negative 10-year yields. A race to hell.


## Fault lines/flashpoints/powder kegs/military/war drums ##
The UAE tangos with Tehran
The United Arab Emirates is reengaging with rival Iran, taking reciprocal measures to deescalate Gulf tensions, and leaving its ally Saudi Arabia in the lurch.
Currently, while industry has developed warheads, glide bodies and other components, there is no industrial base equipped to manufacture hypersonic weapons.

• War on Venezuela
China Comes to the Rescue of Venezuela's Run-Down Oil Refineries
A Chinese contractor has agreed to shore up Venezuela's derelict refining network to ease fuel shortages, potentially complicating the Trump administration's push for regime change in the oil-rich country.


## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests, no-shows, and the Baby Trump balloon greet the president in two grief-stricken cities
"The golden age is behind us," Robert Stier, senior lead of global petrochemicals at the research and pricing firm S&P Global Platts, said in June, according to the Houston Chronicle. "The times of exceptional margins are over."

Note that making payoffs to farmers doesn't necessarily mean there will be any more food produced. -- RF
We'll find out soon enough that we cannot eat electrons. -- RF
Bulgaria fails to halt spread of African swine fever
Bulgaria has failed to contain the spread of African swine fever, Deputy Minister of Agriculture and Food Yanko Ivanov said yesterday, amid concerns that the Black Sea nation could lose its entire 600,000 pig breeding industry.

## Environment/health ##
Ecological land grab: food vs fuel vs forests
The overlapping crises of climate change, mass species extinction, and an unsustainable global food system are on a collision course towards what might best be called an ecological land grab.
Did I mention that there are too many humans? -- RF
Heavy Midwest rains will wash more destructive fertilizer into the water, scientists say.

## Intelligence/security/internet/cyberwar ##
Chelsea Manning Can Remain in Jail for Another Year, Judge Rules
Critics Say Monsanto's Spying and Intimidation Operation Show Why BioTech Giant 'Needs To Be Destroyed Now'
New documents reveal Monsanto's 'fusion center' aimed at targeting and discrediting journalists and critics
A California police robot is flagging "blacklisted" people and cars
An autonomous police robot patrolling the streets of Huntington Park, California is scanning license plates, logging IP addresses, and using facial recognition technology that alerts cops to the presence of "blacklisted" passersby.

• War on Julian Assange
New Fears for Julian Assange
Legendary journalist John Pilger has been to see Assange in Belmarsh Prison in London and his report is not encouraging.

## US ##
Fed Trapped in a Rate-Cutting Box: It's the Debt Stupid
The Fed desperately needs to keep credit expanding or the economy will collapse. However, it's an unsustainable scheme.
Jobs Lost to Bankruptcies at 10-Year High
In the first seven months of 2019, nearly 43,000 workers lost their jobs when the companies they worked for filed for bankruptcy. That's higher than the full-year total for any year since 2009.
"Restoring trade with China is the only sustainable solution."
Underneath the superficial explanation given in the article lies the basic reason: energy. Baby boomers are lucky because they were born at a time when people benefited from the very high EROI of oil. Conventional oil production in the US peaked in 1970, and it's been downhill ever since. (Note: Money-losing shale oil makes no difference.) -- RF


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