Saturday, January 21, 2017


News Links, January 22, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
25 Years of Neocon-Neoliberalism: Great for the Top 5%, A Disaster for Everyone Else
It cannot be merely coincidental that the incomes and wealth of the top 5% have pulled away from the stagnating 95% in the 25 years dominated by neocon-neoliberalism.

## Fault lines/flashpoints/powder kegs/military/war drums ##
US B-2 bombing raid on Libya cost over $8.8 million
Philippine Protesters Ask Duterte to Stay Away From Trump
Left-wing and Muslim activists urged Philippine President Rodrigo Duterte in a noisy protest to keep his promise of charting a foreign policy independent of America by staying away from Donald Trump who after he is sworn in as president on Friday.
China says Philippines' Duterte to visit again as ties warm up
Shortage of US Air Force fighter pilots grows
At the end of fiscal year 2016, the Air Force was short 750 fighter pilots, up from 511 at the end of the previous year.
Where Donald Trump Makes Sense
Many progressives so despise Donald Trump that they decry all his positions even those that make some sense, such as questioning NATO and the dangerous New Cold War with Russia.
Trump Hypes Missile Defense Systems Targeting Iran, North Korea
Russia, Syria Sign Deal to Expand Tartus Naval Base
In a move aimed at cementing Russia's long-term presence in Syria, the two nations today signed an agreement on the status of the Tartus Naval Base, allowing Russia to dramatically expand and modernize the facility. Tartus is Russia's lone naval port in the Mediterranean.
The Simple Reason Russia and America Keep Inching towards Crisis

## Global unrest/mob rule/angry people/torches and pitchforks ##
Troops deployed as Brazil riots spread
Anti-Trump Protesters Pepper Sprayed on Eve of Inauguration Outside 'DeploraBall' in D.C.
Thousands protest in Washington, New York City in defiance of Trump
Women stage massive anti-Trump protests across U.S

## Energy/resources ##
Big Oil May Finally Get to Drill in the Arctic, But Is It Worth It?
Is It Game Over For Nuclear Power In New York?
OPEC, Russia Say Oil Cuts Are Deeper and Faster Than Expected
Oil Companies Just Had Their Worst Year Since 1940
Russian parliament ratifies major gas pipeline deal with Turkey
Losing the plot: courgette crisis spreads to other vegetables (UK)
Snow across Spanish farming areas means tomato, lettuce, pepper and celery shortage - and higher prices - may last into spring

## Systemic breakdown/collapse/unsustainability ##
Must read: The Real Reason Your City Has No Money
Very interesting analysis, which corroborates what I've been saying about the impossibility of rebuilding the crumbling infrastructure of the US and other developed countries. There is one essential element not discussed here, and that is the role of energy. It's important to see that most of the infrastructure in developed countries was built when the net energy of fossil fuels was still high. Now that it's much lower and declining fast, repairing and replacing all deteriorated infrastructure is impossible. -- RF

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