Thursday, May 25, 2017

 

News Links, May 26, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Don't Believe "Eerily Low" Inflation in Canada: National Bank
"Emergency" Stimulus Is Now Permanent
What do we call a status quo in which "emergency measures" have become permanent props? A failure. The "emergency" responses to the Global Financial Meltdown of 2008-09 are, eight years on, permanent fixtures. Everyone knows what would happen if the deficit spending, money-printing, zero interest rates, shadow banking, asset purchases by central banks and all the rest of the Keynesian Cult's program stopped: the status quo falls apart.

In all fairness, deflation and economic contraction dictate that cuts must be made, and many more are in the offing. One may of course argue about priorities. -- RF
It's one of the bubbles propping up the dead-man-walking economy. -- RF
But keep in mind that it will last only as long as the power grid and internet. -- RF

## Airline death spiral ##
Cebu Pacific suspends flights to some Gulf cities
Airline says scrapped routes are 'no longer viable and sustainable'
TSA Security Lines: Changes Coming at the Airport (video)
Soon travelers will have to pull out more than just laptops from carry-on bags at airport security lines. Food and books may also end up in separate bins, per a TSA experiment.
Hillary Clinton's Syria Revenge
Had Hillary Clinton been elected, she would likely have turned the Syrian war into a global conflict within weeks of taking the oath. However, Clinton may yet prevail. "With Donald Trump now dutifully in synch with the War Party, the U.S. has countered the Syrian-Russian-Iranian-Turkish 'de-escalation' in Syria with a major escalation: 'no-go zones.'
US 'Non-Combat' Troops in Firing Range of ISIS Fighters in Iraq
'Training' Mission Now Means Firing Mortars at ISIS
Ukraine Factions Vie for Lobbying Edge
Though many Ukrainians live in poverty, government officials and oligarchs lavish millions on Washington insiders to buy influence, another example of how foreign lobbying can fuel a crisis.


## Global unrest/mob rule/angry people/torches and pitchforks ##
Embattled Brazilian president orders troops to restore order

## Energy/resources ##
The Dying Fossil Fuel Industry
Cloudy view for energy giant Petronas
Malaysia's state-run oil and gas firm has avoided a credit rating downgrade and financial losses through sharp cost cutting that has crimped its future plans and ambitions
India cancels plans for huge coal power stations as solar energy prices hit record low
That's great news, but keep in mind that renewables won't sustain economic growth or prop up industrial societies. We are in for some painful and shocking changes. -- RF

## Got food? ##
Nearly 2,700 Natural Gas Storage Wells in America Are at Risk for a Major Leak
Across the country, companies keep extra natural gas in aging underground wells that weren't originally designed for such storage.
Most sunscreen products don't actually work

## Intelligence/security/internet/cyberwar ##
Qatar says state news agency website hacked by 'unknown entity'
DOJ Officials Express An Interest In Prosecuting Leakers And Whistleblowers

## Propaganda/censorship/fake news/alternative facts ##
Twitter Suspends WND For Seth Rich Story
Endless Propaganda
The Big Lie works. The Democrat/War Party concocts several howling lies per week, amplifies them endlessly in the corporate media, and then repeats the process the next week with a new batch of lies against targeted states and Donald Trump's associates. Meanwhile, the Democrats offer absolutely nothing of substance.
Pentagon Admits: No Physical Evidence Russia Gave Arms to Taliban
Generals Continue to Make Wild Accusations Without Evidence
In the days of high net energy, it seemed sensible to host the games, and indeed was a much lighter burden than now. Net energy decline guarantees that costs will continue to soar. Cities are having trouble just with the upkeep of the infrastructure needed to maintain their urban functions; adding the Olympics is now a back-breaking load. Now's the time to ask the question: How much longer until the last Olympics? -- RF
But there will be no glorious future in which everybody is hailing EV taxis with their smartphones. There will be far fewer cars of any kind, and — judging by the rate that infrastructure is already deteriorating — few well-maintained roads for them to use. -- RF
Eightfold by 2030? Ain't gonna happen! -- RF
What Is It Like to Live Without Running Water? Detroit Families Know
A recent study predicts that in the next five years, more than one-third of Americans will not be able to afford their water.
But this time it's different! Right? -- RF
U.S. may review plan to relocate forces in Okinawa to Guam
U.S. Marine Corps Commandant Gen Robert Neller said Wednesday the country is considering reviewing its plan to relocate U.S. Marines in Okinawa to Guam in light of recent developments in North Korea and environmental concerns in Guam.

## China ##
Moody's downgrades China's rating to A1
The day China's version of the Lehman crisis explodes
An extraordinary expansion of personal debt poses a major risk to the world's second-largest economy
The rise of the Little Pink: China's young angry digital warriors
Who are these angry Chinese dominating the internet with their jingoistic rage, where are they from and how did they emerge? We tell you
China won't back further measures to rein in North Korea

## UK ##
The great London property squeeze
As affordable housing in Britain's capital is replaced by luxury towers, people on middle incomes are being priced out, while the poor are forced to pay extortionate rents for shocking conditions
Government Austerity Demands That We Die Within Our Means

## US ##
Inflation Isn't Evenly Distributed: The Protected Are Fine, the Unprotected Are Impoverished Debt-Serfs
Welcome to debt-serfdom, the only possible output of the soaring cost of living for the unprotected many who are ruled by a hubris-soaked, subsidized Protected Elite.




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