Thursday, October 06, 2016


News Links, October 7, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
IMF says global debt tops $152 trillion, urges some to spend more
The world is swimming in a record $152 trillion in debt, the IMF said on Wednesday, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it.
If it doesn't work, do it over and over again. The IMF, in its great wisdom, still fails to see that global decline isn't a money problem, but an energy problem. No amount of debt will help. -- RF
IMF, global finance leaders fret over populist backlash
Saudi central bank said to study how to restructure mortgages
Saudi Arabia's central bank is studying how commercial banks should reschedule housing mortgage loans after government austerity measures reduced many borrowers' incomes, a Saudi newspaper reported on Tuesday.
The worse the situation gets, the more the nuclear family fades, and the extended family revives. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. Troops Being Deployed to Iraq May Face Violent Resistance From Iraqi State Militias
Double Standards for Israel and Syria
When Israel bombards Gaza after some ineffectual rocket attacks, the U.S. sees a right of self-defense, but different standards apply to Syria when foreign-backed terrorists fire deadly rockets and mortars.

## Migrants/refugees ##
Many of the nation's institutions of higher learning say financial strains on their budgets may threaten their ability to remain open. That would spell disaster for Africa's biggest economy, which is already contending with a skills shortage and a 27 percent unemployment rate.
Sorry to say, nothing is free, so demanding "free education" — in any country — is absurd. Net energy decline guarantees that "free" education, even if implemented, won't last long. -- RF

## Energy/resources ##
Reserve replacement ratio: The Biggest Value Trap In U.S. Shale Right Now
Just one problem... -- RF
But the biggest reason is simply that industrial agriculture was never sustainable. Net energy decline and the extremely poor energy efficiency of industrial agriculture combine to guarantee mass starvation. -- RF

Biofuels turn out to be a climate mistake -- here's why
But that's not all. The net energy yield of biofuels is far too low to sustain industrial civilization. Using fossil fuels to make biofuels is a waste. -- RF
Steep rise in price of older cancer drugs

## Intelligence/security/internet/cyberwar ##
Delete Your Yahoo Account
There's no good reason to have a Yahoo account these days. But after Tuesday's bombshell report by Reuters, indicating the enormous, faltering web company designed a bespoke email-wiretap service for the U.S. government, we now know that a Yahoo account is a toxic surveillance liability.
The Unmourned Plutonium Disposal Deal
Despite America's constant demonization of Russian President Vladimir Putin, few world leaders have collaborated as effectively with Washington on matters of critical national security, including overflight rights to Afghanistan, disposal of Syria's chemical weapons stocks, and the agreement to prevent Iran from undertaking a nuclear weapons program.

## Propaganda/censorship ##
The NYT's Neocon 'Downward Spiral'
Every day, The New York Times – America's "paper of record" – sinks deeper into the swamp of propaganda, now reliably touting predictable neocon notions about the Middle East and Russia.
Making Cold War to the End of the World
The Western media's orgy of anti-Russia propaganda includes the curious claim that it is Moscow that is undermining faith in the U.S. presidential election, not the widely despised major party candidates.
Yet the group is anything but impartial. The White Helmets' leadership is driven by a pro-interventionist agenda conceived by the Western governments and public relations groups that back them.
New 'Group Think' for War with Syria/Russia
Official Washington has a new "group think" that is even more dangerous than the one that led to the Iraq War. This one calls for U.S. escalation of conflicts against Syria and nuclear-armed Russia.
It's going to be this times 100 when TSHTF. -- RF
Talk about shooting oneself in the foot! Megacities, and even smaller cities, are going to be largely uninhabitable disaster areas. As I've said, in the future cities will be ruled by gangs and packs of feral dogs. -- RF
There's not enough money, and there never will be. -- RF
Guess who's moved into all those empty homes. -- RF

## China ##
When the trucks stop running, society instantly falls apart. Are you prepared? -- RF
Dear Senator McCain, Our National Security is Threatened by You, Your Policies, and Your Soulmate, Hillary Clinton
Senator John McCain is the biggest warmonger on the planet, next to Hillary Clinton of course.

## The candidates ##
A Vice-Presidential Debate to Forget
Democrat Tim Kaine was annoying with his hectoring and Republican Mike Pence sanctimonious in his calmness, but the real losers were the American people who learned little from the vice-presidential debate.
Really? No defense of Trump (I don't think he's smart), but everybody practices tax avoidance when they file their tax returns, by claiming all the legal exemptions and deductions they can. Are they too being unpatriotic? Clinton used the same provision that Trump did, so is she also unpatriotic? Trump is awful, but this is no reason to criticize him. (Tax evasion, on the other hand, is illegal and not recommended.) -- RF

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