Thursday, July 19, 2018


News Links, July 20, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Debt Time Bomb Surges To Nearly $250,000,000,000,000
Net energy decline in action! -- RF
Russia Dumped Most/All its US Treasury Holdings, Disappeared from List
According to real estate experts, more than 135,000 inheritances were disclaimed in 2017, because the beneficiaries were unable to pay the inheritance tax or they found the future financial demands of the property unbearable.
Gold Mining Industry's Costs Are Higher Than Market Realizes
New information suggests that the cost to produce gold is much higher than what the market realizes.  As the cost to produce gold has skyrocketed over the past two decades, the mining industry has hidden certain costs by placing them in their capital expenditures.

## War on cash/cashless society/cryptocurrencies ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian military offers to cooperate with US in Syria
Japanese Prime Minister Shinzo Abe may ultimately need to decide between maintaining economic power in Cambodia or upholding democratic standards, experts say.
With Iran Deal on Life Support, White House Looks to Finish the Job
If sanctions and coercive diplomacy by the U.S. escalate into regime change, it wouldn't be the first time. Ask the Iraqis.
When the US Invaded Russia
Amidst the backdrop of increased U.S.-Russian tensions and even talk of war, long forgotten is the time the U.S. actually invaded.
Modern slavery most prevalent in North Korea
Modern slavery is most prevalent in North Korea and other repressive regimes, but developed nations also bear responsibility for it because they import $350 billion worth of goods that are produced under suspicious circumstances, according to research released Thursday.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Muscovites protest pension reform ahead of parliament vote
Sales growth of electric and plug-in hybrid cars has dimmed across the European Union's major markets during the first half of this year because of limited driving ranges and a patchy charging network.

## Got food? ##
Giant indoor vertical farm backed by Chinese firm launching just east of Las Vegas Strip
Don't laugh; learn. -- RF

## Environment/health ##
Meat, Dairy Industry Surpass Big Oil As World's Biggest Polluters
Seaweed invading Florida beaches likely to worsen, could become worst bloom in history
The problem will be solved when power grids collapse. -- RF

## Intelligence/security/internet/cyberwar ##
Sea level rise threatens internet infrastructure, new research shows
[Netanyahu] is guilty of most of the same infractions held against Putin. Netanyahu openly campaigned for the Republican candidates in 2012 and 2016. He openly interfered in US politics by insisting on addressing Congress to derail the Iran nuclear deal.
Leaked Netanyahu Tape: We Made Trump Cancel The Iran Deal
On Tuesday an Israeli television channel aired leaked video footage it obtained exclusively showing Prime Minister Benjamin Netanyahu boasting that he had personally convinced President Trump to abandon the Iran nuclear deal. The statements were made at a small dinner event where he addressed senior members of his Likud party.
Climb Down From the Summit of Hostile Propaganda
Public reactions to an open letter from academics, journalists and politicians asking for co-existence with Russia show many Americans don't buy the media's bellicose spin.

## Systemic breakdown/collapse/unsustainability ##
SpaceX and Boeing are running out of time to fly astronauts into space
Pressure is rising on Boeing and SpaceX, the two companies trying to prove the US can still fly humans to space. Both are expected to miss a November 2019 deadline for producing spacecraft certified as safe enough to transport astronauts—which means NASA, humiliatingly, could end up locked out of the International Space Station next year.
Dead bodies, wild dogs, squatters in government-owned Detroit houses

Japan has amassed enough plutonium to make 6,000 atomic bombs as part of a programme to fuel its nuclear plants, but concern is growing that the stockpile is vulnerable to terrorists and natural disasters.

## US ##
Such self-righteous, jingoistic posturing does no one any good. Will these lawmakers also be issuing an apology to Russia for interfering in its elections and promising never to do it again? -- RF

Tuesday, July 17, 2018


News Links, July 18, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Jeff Bezos is now the richest man in modern history
A.P. Moeller-Maersk A/S may struggle to make a profit this year after the U.S. and China descended into a trade war that is already showing stress in sentiment surveys.
Trade Dispute Erupts in WTO: US Files Against EU, Four Others, China Against US

## War on cash/cashless society/cryptocurrencies ##
State of Cryptocurrencies: Summer 2018
## Fault lines/flashpoints/powder kegs/military/war drums ##
Trump On Path for War With Iran in the "National Interest"
It's not hard to see that it would bring only more chaos and death to the Mideast. Just look at Libya and Iraq, which were both "liberated." The "national interest" is, of course, oil. -- RF
U.S. State Department in talks with Turkey to sell Patriot system
The U.S. State Department on Monday said it was working with NATO ally Turkey on the possible sale of a Raytheon Co Patriot missile defense system to avert its purchase of a Russian-made S-400 system.
Trump Calls Off Cold War II (Patrick Buchanan)
The F-35 Is a $1.4 Trillion National Disaster
The JSF is a terrible fighter, bomber and attacker — and unfit for aircraft carriers

## Global unrest/mob rule/angry people/torches and pitchforks ##
New Clashes in Puglia As 42 Olive Trees Are Moved for Pipeline
Contractors are preparing to uproot another 1,800 olive trees along a five-mile route of the Trans Adriatic Pipeline. Up to 10,000 olive trees could be moved to enable construction of the entire $4.5-billion project.

## Energy/resources ##
OPEC Output May Be Stretched to Limit by Supply Crises, IEA Says
OPEC's Gulf members may need to pump almost as much crude as they can to cover swelling supply losses from Venezuela to Iran and beyond, the International Energy Agency said.
Obviously, with this number of humans, we will not achieve "cooling for all." Further, long-time readers know I've pointed out the fragility of the cold chain time and again. -- RF
IEA frets over global spending on energy
Even with China, the second-largest economy in the world, absorbing much of the world's investments, the IEA said renewable support declined by about 7 percent.
It's a shame he was killed, but the victim knowingly went into the sanctuary. It just goes to show that there's no place for nonhuman species to live anymore. -- RF
Detente Bad, Cold War Good
The entire "liberal" media and political establishment of the Western world reveals its militarist, authoritarian soul today with the screaming and hysterical attacks on the very prospect of detente with Russia. Peace apparently is a terrible thing; a renewed arms race, with quite literally trillions of dollars pumped into the military industrial complex and hundreds of thousands dying in proxy wars, is apparently the "liberal" stance.

## Systemic breakdown/collapse/unsustainability ##
Our Institutions Are Failing
This mainstream narrative is itself false: our institutions are failing, and the cause isn't fake news or Russian hacking--the cause is insider plundering and collusion, aided and abetted by a decline in transparency and accountability and the institutionalization of incompetence.
Japanese companies are joining the fray to capture rising demand for cross-continental freight transport. Nippon Express launched air and sea shipments between Japan and China in May so as to extend the Europe-China route to Japan.
It's a sign of how desperate the situation has become in the capital because of its extreme overpopulation and overcrowding. Just imagine the chaos that could erupt during the 2020 Olympics when foreign visitors inundate the Tokyo region. -- RF

## US ##
This is the 'biggest bubble in the history of mankind and it's going to burst,' Ron Paul says
U.S. Energy Independence? Still Importing Nearly 8 Million Barrels Of Oil Per Day
Plutonium went missing in San Antonio, but the government says nothing
Losses of civilian nuclear material are usually disclosed but when the government loses nuclear bomb ingredients it stays mum
Mass Hysteria (Mish)
The mass hysteria following Trump's meeting with Putin is likely to last for days. Most are outraged. Few see the light.

And finally…

Sunday, July 15, 2018


News Links, July 16, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Although governments don't fully understand what they're doing, the main purpose of the debt is to compensate for net energy decline. Unless some new, cheap, and highly dense form of energy (renewables obviously do not fill the bill) is discovered to replace fossil fuels, net energy will continue to decline, and debt will continue to rapidly accumulate. -- RF
The U.S. economy is nothing more than an exploitive jumble of rackets, insider plundering and gangster capitalism. $8 per vial competing developed-world nations and $38,892 in the U.S. That says it all.
"Reverse-Yankee" Junk Bond Issuance Hits Record
"Big Four" Audit Oligopoly Strikes Back at Plans to Break it Up
Auditors are still not auditing banks properly despite the crippling costs of the last banking crisis.
Retirement is becoming more and more expensive – and future generations may have to abandon the idea altogether. So what kinds of jobs will we do when we're old and grey? Will we be well enough to work? And will anyone want to employ us?
How Amazon Rules
It owns 33% of the internet "cloud," 49% of US e-commerce, and is elbowing into other sectors.

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. To Slap Sanctions On All Iranian Oil Buyers
Salvini: It Will Take 50 Years To Expel 500,000 Illegal Migrants From Italy

## Global unrest/mob rule/angry people/torches and pitchforks ##
Police End Protests At Iraq's Southern Oil Fields
Iraqi police have managed to impose control over protesters at some of Iraq's biggest oil fields in the south, who had been demanding that companies running the fields hire local people instead of foreigners and Iraqis from other regions.
'Together Against Trump', thousands protest peacefully in London
Public anger grows, Iraqi protesters take over Najaf airport
Public anger over the lack of basic services and high unemployment is growing in Iraq as protests that have raged in the southern province of Basra this week spread northwards on Friday. 

## Energy/resources ##
No End In Sight For Venezuela's Oil Crisis
That's up from $56 a year earlier, according to a survey of firms released Friday by the Kansas City Fed, which serves all or parts of seven states from Nebraska to New Mexico.
This seriously threatens to monkeywrench the US plan to topple Iran's current government, install an America-friendly regime a la 1953, and lock down Iran's oil. -- RF

Tainted McDonald's salads sicken people in another four states
The Bug Burger: The future of tomorrow

## Solutions ##
Would we be happier as hunter gatherers than farming?

## Environment/health ##
Half of Americans trying to slim down
But no one questions the wisdom of building residential communities "on top of bayous, marshes and swamps, allowing alligators to live dangerously close to small children and pets." Just where are alligators and other nonhuman species supposed to live? -- RF
Superbugs Win Another Round as Big Pharma Leaves Antibiotics
The fight against life-threatening infections suffered another blow when one of the world's biggest drugmakers waved the white flag.

## Intelligence/security/internet/cyberwar ##
FBI agent Peter Strzok may be soon "thrown under the bus" in the ongoing investigation into Clinton's emails and his alleged role in the Russia-gate investigation.
How GPS can track you, even when you turn it off
A team of Northeastern University researchers recently found a way to track people with cellphones with GPS capabilities turned off.
Memo to the President Ahead of Monday's Summit (Ray McGovern and Bill Binney)
Forensic studies of "Russian hacking" into Democratic National Committee computers last year reveal that on July 5, 2016, data was leaked (not hacked) by a person with physical access to DNC computer. After examining metadata from the "Guccifer 2.0" July 5, 2016 intrusion into the DNC server, independent cyber investigators have concluded that an insider copied DNC data onto an external storage device.

## Propaganda/censorship/fake news/alternative facts ##
Facebook Purges Over 80 Accounts in Sweeping Attack on the Alternative Media

It's a sign of the gradual Chinese absorption of Japan into its economic zone. -- RF
Supermarkets and department stores are increasingly curbing sales of eel products on the back of a continued decline in catches of baby Japanese eels for farming and concerns about the extinction of the species.
In a remote corner of China, Beijing is trying to export its model by training foreign officials the Chinese way
Academy near border with Vietnam gives training such as how to 'guide public opinion' online and how to alleviate poverty in a 'targeted' way

## UK ##
Imagining an Economy That Serves the 99%
Those who benefit most from the status quo spend a lot of money to persuade the rest of us that this – an economy that serves the top 1% — is good for us and, in fact, the best we can do

Thursday, July 12, 2018


News Links, July 13, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Today's indications seem to suggest that an even more major recession than the Great Recession may strike in the not too distant future.

## War on cash/cashless society/cryptocurrencies ##
Officials would like to track 100% of what you do with your money, and the banks would like to charge a fee on 100% of those transactions. Those motivations are at the root of the today's war on cash – the push to eliminate paper cash and replace it with electronic transactions.
Bitcoin mining costs to outpace Bitcoin price?
Iran Could Become First Country Forced to Use Bitcoin

## Fault lines/flashpoints/powder kegs/military/war drums ##
Trump's Criticism of NATO Ignores the Real Questions
Donald Trump's bluster at the NATO summit only has to do with money, not whether the alliance serves any genuine security purpose
State Department Hints Iran Sanction Waivers Possible
Turkey defiant on purchase of Russian S-400 anti-missile weapon
"We believe it (the pipeline) would undermine Europe's overall energy security and stability by providing Russia another tool for the political coercion of European countries, especially Ukraine," warns the US State Department, but what is the threat of sanctions if not political coercion? -- RF
But I will tell you this, at a certain point, they're going to call me and they're going to say 'Let's make a deal,' and we'll make a deal.'
There was a deal, but the US welched on it. The Iranians have little incentive for another deal with the Americans because they know from experience that the US will likely not honor it. -- RF
Saudi Arabia Issues Royal Pardon for Everything Soldiers Have Done in Yemen
China's silky charming of Arabia
President Xi Jinping has promised more than $23 billion in loans and aid to Arab states, as Beijing ramps up ties with the Middle East; this includes aid for Palestine; Beijing foresees importing a whopping $8 trillion from Arab states up to 2025
Syria Sitrep - Army Liberates Daraa City

## Global unrest/mob rule/angry people/torches and pitchforks ##
Trump protesters descend on London for huge rallies following president's arrival

## Energy/resources ##
A Storm Is Brewing For U.S. Oil Exports
And after the inevitable financial collapse it will get a lot worse. -- RF

## Intelligence/security/internet/cyberwar ##
Hacker Caught Selling Maintenance Manuals for Military Drones
Still more questions await answers from the UK authorities. Hey, Britain! Where are the answers? And for that matter, where are the Skripals? -- RF

## Systemic breakdown/collapse/unsustainability ##
Could "Super Suits" For Baby Boomers Defuse The Demographic Time Bomb?
Continue working even after you drop? -- RF
Fish for flour? Barter is the new currency in collapsing Venezuela
Don't laugh; learn. -- RF

## Japan ##
MUFG mulls job cuts at brokerage business overseas
Disasters set off by torrential rains have become more frequent in Japan, perhaps due to global warming, experts say.
Net energy decline in action. -- RF
China has its currency to use as a weapon in trade war with Trump

## UK ##
What IBM Said about the IT Chaos at UK Bank TSB and Owner Sabadell, Now in its 12th Week
Although I don't understand why it's "Trumpian" disregard. As far as disregard for the planet goes, Trump is no worse than most world leaders. I'm no fan of Trump, but it seems he's being used as a scapegoat to let other politicians off the hook. -- RF
No-deal Brexit could trigger Northern Ireland energy crisis with 'electricity generators on barges in sea'
Emergency operation could see equipment being brought back from places like Afghanistan

## US ##
Real Hourly Earnings Decline YoY for Production Workers, Flat for All Employees
Today's CPI report that shows inflation rose only 0.1%. Real wages are not keeping up even with that.

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