Sunday, June 17, 2018


News Links, June 18, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
A Hard Rain's a-Gonna Fall
The prospects for the rest of the year are awful
Millionaires Now Own Half of World's Personal Wealth
Seems Impossible, but Argentina's Peso Was Able to Collapse even Further Despite $50 Billion IMF Bailout
Container giants MSC, Maersk eye slow steaming to cut costs amid rising fuel prices
Here Is The Stunning Reason Why Treasury Yields Blew Out In April
Bank CEOs Say Robots Can Replace Half of Citigroup and Deutsche Bank Employees
Global landlord: Blackstone Becomes Biggest Hotel & Property Owner in Spain

## Cut, baby, cut! ##
Broadcom lays off 1,100 employees after Brocade merger, may cut more

## War on cash/cashless society ##
New Delhi's level of PM2.5, tiny particulate matter that can dangerously clog lungs, exceeded 170 Friday morning, more than six times higher than the World Health Organization considers safe.
Palm oil to be phased out in EU by 2030
E-cig flavorings may damage lining of blood vessels
The Next Plague Is Coming. Is America Ready?
The epidemics of the early 21st century revealed a world unprepared, even as the risks continue to multiply. Much worse is coming.
Growth is dead, anyway, so single-minded pursuit of more growth only aggravates the problem. -- RF

## Intelligence/security/internet/cyberwar ##
Op-Ed: Official narrative on Skripal poisoning has little credibility
Facebook also collects a lot of information about the device you're using. They know your mobile operator, battery level, signal strength, and available storage space. They track your IP address, cookie data, time zone, and even your connection speed. They also obtain information such as your operating system, browser type, and file names based on all your different interactions with the site.
Moral authority? Name one government on the planet that has moral authority. -- RF

## Systemic breakdown/collapse/unsustainability ##
The 4 Stages of the Collapse of Venezuela
Coming soon to a country near you. -- RF
The flaw in the thinking is that we'll always have electricity. -- RF
China verges on luring all of Africa away from Taiwan
Beijing uses economic leverage to cultivate allies against American pressure
How China's squid fishing programme is squeezing its neighbours and creating global sea change
This is an unsustainable initiative because fisheries are collapsing. -- RF
Letter From Britain: An Establishment Blinded By Russophobia
A British elite challenged by large parts of the British population is rallying around trumped-up fear of Russia as a means of protecting its interests.

Thursday, June 14, 2018


News Links, June 15, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Hosting international parties is an energy-intensive endeavor. Although hosting the Olympics and World Cup extravaganzas was once seen as an unmitigated good, it's now widely perceived as a burden. Thank net energy decline. It's all downhill from here. -- RF
Watch Live: Mario Draghi Explains Why He Is Ending QE As EU Economy Collapses
EU nations back retaliating against U.S. steel tariffs
European Union countries on Thursday unanimously backed a plan to impose import duties on 2.8 billion euros ($3.3 billion) worth of U.S. products after Washington hit EU steel and aluminum with tariffs at the start of June, EU sources said.
Globalized Digital Bank Robbers Feast on Latin America
Ronald Stoeferle: Gold Is Dirt Cheap Right Now
The United States of America is beginning to lose its reserve currency dominance. Countries around the world are working to find ways to circumvent the US dollar when it comes to trade and settlement. In addition to that, nations are requesting for their gold holdings stored overseas to return home.

## Cut, baby, cut! ##
H&R Block to close 400 stores over lower profits
Rolls-Royce announces 4,600 job cuts

## War on cash/cashless society ##
Cashless Society - Good or Bad? MoneyConf 2018 Video

## Airline death spiral ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
The key word in the Trump-Kim show
By reaffirming the Panmunjom Declaration, the US President has committed to bringing its military back from South Korea and thus a complete denuclearization of the South as well as the North
Iran Warns North Korea About The United States
In World Cup Politics, It's Moscow 1, London 0
Despite sanctions and furor over Putin's policies, Russia is poised to gain internationally from the soccer tournament as a boycott campaign fizzles.

## Energy/resources ##
How much of the world's energy is supplied by renewables?
China's Global Electricity Takeover
Russia's Putin to meet Saudi Crown Prince Mohammed, discuss oil deal: Kremlin
Tesla pulls plug on Home Depot solar sales four months after national kickoff
There's No 'Silver Bullet' With Produced Water
Although proportions vary and worldwide data are incomplete, water makes up a significant volume of the production from wells. To provide some idea of the magnitude of water involved, the Produced Water Society  – citing 2012 data – has reported an average ratio of 9.2 barrels of produced water per barrel of oil for wells in 21 states in the U.S. (excluding Oklahoma and Texas).
Crisis on the High Plains: The Loss of America's Largest Aquifer – the Ogallala
The grain-growing region in the High Plains of America—known as America's breadbasket—relies entirely on the Ogallala Aquifer. But long term unsustainable use of the aquifer is forcing states in the region to face the prospect of a regional economic disaster.
Farmers already at higher risk of suicide face pressure from tariffs
Our seas are choking on plastic. A staggering eight million metric tons wind up in oceans every year — and if we continue to pollute at this rate, there will be more plastic than fish in the ocean by 2050.

## Intelligence/security/internet/cyberwar ##
Australia keeps China out of internet cabling for Pacific neighbor
Facebook's responses to the Senate revealed some other creepy things it knows about you, including tracking your mouse movements, and whether you're actively looking at Facebook or if it's in the background.

## Propaganda/censorship/fake news/alternative facts ##
American Mass Media and Punditry Remain a Dishonest, Militaristic Embarrassment

## Systemic breakdown/collapse/unsustainability ##
Brazil murder rate takes its toll on economy
Seventy years! There's another project that will never be completed. -- RF

Tuesday, June 12, 2018


News Links, June 13, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
IMF's Lagarde says global economic outlook darkening by the day
What's Wrong with the Economy: 9 Toxic Dynamics
Malaysia just came out in favor of protectionism — despite being in the trans-Pacific trade deal

## War on cash/cashless society ##
Airlines Go Cashless For Checked Bags

## Fault lines/flashpoints/powder kegs/military/war drums ##
European Defense Agency chief questions 'unhealthy' defense trade with the US
The chief of the European Defense Agency said Europe must wean itself from U.S. high-tech weaponry, proposing that arms deals with Washington could decrease in an effort to achieve greater "strategic  autonomy" for the continent.
Potty prep: North Korea's Kim Jong Un brings his own toilet to Singapore summit with Trump
Use of a portable potty is also an old device used to prevent assassinations. -- RF
Kim Jong-un should watch out for Trump's "America First" agenda and Washington's tendency to "betray international agreements and unilaterally withdraw from them," said a spokesman for Iran's Foreign Ministry, Bahram Qassemi.
US Public Being Misled on Trump-Kim Summit
Establishment media is either unwilling or unable to accurately cover the intricacies of the Trump-Kim summit as well as Pyongyang's serious diplomatic efforts.
President Trump has ordered the Pentagon to cancel military exercises with South Korea — what happens next?
Scapegoating Iran (Chris Hedges)

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anti-China protests: dozens arrested as Vietnam patriotism spirals into unrest

## Environment/health ##
In a way that most people don't expect, because the "great cities" are unsustainable death traps. -- RF

## Propaganda/censorship/fake news/alternative facts ##
In The Western World Truth Is An Endangered Species: Come To Its Support (Paul Craig Roberts)
Nowhere in the Western world is truth respected. Even universities are imposing censorship and speech control. Governments are shutting down, and will eventually criminalize, all explanations that differ from official ones. The Western world no longer has a print and TV media. In its place there is a propaganda ministry for the ruling elite.
The hypocrisy and irony are palpable. -- RF
French Thought Police and the Creeping Dictatorship of Virtue
A new French law to combat so-called "fake news" fits in all too well with the growing establishment campaign to censor dissident opinion by one means or another.

## Systemic breakdown/collapse/unsustainability ##
Global civilisation to descend into 'hell on earth' unless we choose a new paradigm
[Dr. Jeremy Leggett] told a gripped audience that the world had approached a major convergence point in which our choices would rapidly close off either one of these possible futures. One scenario heralds the promise of a successful transition to a new, more evolved kind of civilisation. Another scenario warns of a future plunged increasingly into scarcity, despotic chaos and conflict.
I absolutely guarantee, with 100% probability, that world leaders will make choices leading to the second scenario. The "great transition" will be from industrial civilization back to agrarian subsistence. -- RF
If we can't make it here, we're not going to make it on Mars. Article also fails to mention that Mars' soil is toxic to humans. -- RF
Never, ever, say it can't happen here (wherever "here" is for you). Because it will. -- RF
It's the same master plan that the other major players on the global chessboard have been using for centuries. What did you expect? -- RF
Britain's Brave New World Just Got Braver
Britain's new counter-terrorism initiative builds on Stasi-like methods to create a potentially Orwellian present for British citizens.
Shock manufacturing slide casts doubt on UK economy's bounceback
Adult social care services on brink of collapse, survey shows
Some councils in England 'cannot go on' without long-term funding to underpin care

Self-fulfilling prophesy. -- RF
SEC Frets about Share Buybacks, "Torrent of Corporate Trading Dominating the Market," and "Short-Term Financial Engineering"
"Right after the company tells the market the stock is cheap, executives overwhelmingly decide to sell."
Air Ambulances Are Flying More Patients Than Ever, and Leaving Massive Bills Behind
Rising prices, billing disputes, and a quirk in federal law are creating a new health-care headache.

Sunday, June 10, 2018


News Links, June 11, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Check out the charts. I only hope decline is go graceful, but it's likely world governments will aggravate the situation. -- RF
Swiss voters reject campaign to radically alter banking system
A radical plan to transform Switzerland's financial landscape by barring commercial banks from electronically creating money when they lend was resoundingly rejected by Swiss voters on Sunday.

## Cut, baby, cut! ##
Humans Need Not Apply: AI to Take Over Customer Service Jobs

## War on cash/cashless society ##
India's bitcoin boom is fueling a surge in cryptocurrency crime
Cryptocurrencies Losing Real Money to 51% Attacks

## Airline death spiral ##
Flyers' rights hit turbulence
Why does South Korea want a blue-water navy?
South Korea, too, is building up its battle fleet – but is it expecting to defend against North Korea, against China or even against neighbor Japan?
"It's crazy and astonishing to see instruction coming from Washington to Saudi to act and replace a shortfall of Iran's export due to their Illegal sanction on Iran and Venezuela," Kazempour said.
An auction for rights to tap into the oil basins off the coast of Brazil highlights the country's prospects for those with deep enough pockets, analysis found.
Ecuador To Sell A Third Of Its Amazon Rainforest To Chinese Oil Companies
Indigenous groups claim they have not consented to oil projects, as politicians visit Beijing to publicise bidding process

## Got food? ##
The economics of fishing the high seas
Our results suggest that fishing at the current scale is enabled by large government subsidies, without which as much as 54% of the present high-seas fishing grounds would be unprofitable at current fishing rates.
The UN forecast was never realistic because it ignores energy reality. But even the Deutsche Bank prediction of 8.7 billion humans in 2055 is doubtful. War, famine, and disease will thin the human population before then. -- RF

## Intelligence/security/internet/cyberwar ##
HART: Homeland Security's Massive New Database Will Include Face Recognition, DNA, and Peoples' "Non-Obvious Relationships"
The U.S. Department of Homeland Security (DHS) is quietly building what will likely become the largest database of biometric and biographic data on citizens and foreigners in the United States.
This Is the Week that the Drone Surveillance State Became Real
Not only do local police now have access to drones, but footage from those flying cameras will be automatically analyzed by AI systems not disclosed to the public.

## Propaganda/censorship/fake news/alternative facts ##
Fact-Checking the "Fact-Checkers": Snopes & Politifact Said I'm a Big Fat Liar, But Let's Look at THEIR "Facts"

## Systemic breakdown/collapse/unsustainability ##
The Politics of Pretense: The Status Quo Is the Problem, But It Can't Be Touched
Ultimately, all doomed ruling elites face the same problem: there isn't enough money to fund their take and fuel the vast machinery of power.
New Study: Climate Change Could Be the Ultimate Civilization Killer
US demands Japan reduce its plutonium stockpiles
Trump-Kim summit raises questions about Tokyo's nuclear exemption

## China ##
It seems, there are greater similarities between China and the US than may be visible at first glance. China builds real estate for a shrinking population, invests for an overindebted client (the US, which even insists on a drastic reduction of the bilateral trade deficit) and finances all this with money it does not have.
Going it alone: China government orders farmers to increase soybean acreage
China to accelerate reforms of state-owned 'big beasts'
Debt and international trade disputes with the US and EU, as well as  criticism over Belt and Road projects, force Beijing to restructure SOE sector

## UK ##

## US ##
Suicide rates are up 30 percent since 1999, CDC says
Only half of people who died by suicide had diagnosed mental health conditions.
U.S. sending 1,600 immigration detainees to federal prisons
No surprise here. Childraising is an energy-intensive endeavor. As net energy decline proceeds, expect a continuing birthrate decline. -- RF

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