Tuesday, November 15, 2016

 

News Links, November 16, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Singapore braces for more pain
The Singapore government is considering further measures to help its offshore and marine contractors weather the current downturn, during which the marine and offshore engineering industry has seen several quarters of contraction.


No specifics given in the article, but running airlines on biofuels would require a prohibitively vast land area, and the net energy of the fuel would be far lower than that of petroleum. -- RF
The missing element in any discussion of globalism and globalization is energy. It takes energy — lots and lots of energy — to maintain the globalized system. Net energy decline is a big tailwind to the anti-globalism movement. -- RF

## Global unrest/mob rule/angry people/torches and pitchforks ##
Six hurt, two arrested after 'flash mob' attacks in Philadelphia
The title is right, but the analysis is lacking. For instance, the article denigrates populism for requiring a bogeyman, but the non-populist establishment politics the world has endured so far also has this requirement — recently it's been Russia. A world under populist rule likely won't be any better, but in some ways it might not be worse than the neoliberal elitist crony warmongering neofeudalism we've suffered under in recent years. The liberal US establishment could have chosen someone much better than Hillary Clinton, but imperial hubris can't see anything beyond its own pumped-up pride. -- RF
More than half of protesters arrested in Portland didn't vote: report

Unsustainable. -- RF

## Systemic breakdown/collapse/unsustainability ##
Across the 50 states, the rising costs of operating and maintaining infrastructure — as opposed to constructing new bridges, roads and airports — are consuming a larger and larger share of overall spending.
Take a look at the charts in this article to see how grave the situation already is. Trump has no understanding of the magnitude of the crisis. -- RF

## Japan ##
Trump denies remarks on Japan's nuclear armament
US President-elect Donald Trump has denied earlier reports that said he indicated he would allow Japan to possess nuclear weapons for self-defense.
It just goes to show that you can't have economic (GDP) growth without debt growth. And when you subtract the debt, well, it's not a pretty picture. Take a gander at the charts, if you dare. -- RF
What a bunch of chumps! Both sides — those who voted for Clinton and those who voted for Trump — fail to see that they've been played by a corrupt political system that forces them to choose between two destructive candidates. -- RF

## POTUS-elect ##

And finally...




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