Tuesday, June 27, 2017

 

News Links, June 28, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Great recession fears as bankers warn next global crash could arrive 'with a vengeance'
Remember, each successive "recession" is actually another leg down in the ongoing crash of the global economy. There will be no "recovery." -- RF
Globe editorial: Calgary, do you really want the Olympics? Again?
The International Olympic Committee's quadrennial showcases aren't what they used to be. As costs have exploded and concerns about the games behind the Games have grown, bids to host the Olympics have dried up.
Airbnb Just Made Itself Even More Unpopular in Barcelona
Organized criminals from Russia are subletting apartments to tourists, as locals struggle with soaring rents.

## Airline death spiral ##
Off-duty cop tackles airline passenger opening emergency exit

## Fault lines/flashpoints/powder kegs/military/war drums ##
Yuan the key to expansion of Sino-Russian economic ties
An inadvertent beneficiary of US/EU sanctions against Russia, China stands to gain more by working to deepen commercial ties with its neighbor
Pentagon, State Dept 'Clueless' on Trump's Assad Allegation
Last night, the White House issued a surprise statement accusing the Syrian government of preparing a chemical weapons attack and threatening to make them pay "a heavy price" for doing so. This immediately suggested another US attack on Syria was imminent. No one saw this coming, including the Pentagon and the State Department.
The good senator insists that the US should meddle in Iran's affairs, while at the same time the US accuses Russia of meddling in US affairs. This suggests that it's OK for the US to meddle in the affairs of other countries, but not OK for other countries to meddle in US affairs. No double standard here? -- RF
I Could Kill You with a Consumer Drone
As a former intelligence soldier who now sells drones for a living, I can tell you that this problem is bigger than almost  anyone realizes.
The Mica Children
They work in India's mines to supply the cosmetics and car paint industries. And sometimes they die.
California has too many humans. -- RF
Canada's oil sands, considered to be one of the most expensive projects to develop, especially in the current oil price environment, have seen international oil majors selling their assets to Canadian oil firms in large deals.
Trump's Red Line
President Donald Trump ignored important intelligence reports when he decided to attack Syria after he saw pictures of dying children.
Because the current practice in making accusations of collusion with the Russians or Russian hacking is to provide no evidence, Trump is only following suit by similarly providing no evidence. -- RF
The ingredients are in place for the United States to repeat a scenario that has cost us dearly in the past: the misuse of intelligence to muster public support for an unwise war.

## Propaganda/censorship/fake news/alternative facts ##
Three CNN Employees 'Resign' Over 'Russia Collusion' Fake News Retraction
Like the first chemical weapons attack that Assad didn't do? -- RF

## Systemic breakdown/collapse/unsustainability ##
Rage rises as people grapple with economic inequality
A recent series of incidents is raising a red flag about the rising tide of rage in South Korea, a country where some 51 million live under hyper-competition in all aspects of life, including education and housing.
Anno 2017, our overall 'net energy' is nowhere near where it was for the first 100 years or so after we started using oil. And there's no energy source that comes close to -conventional- oil (and gas) when it comes to what we are left with once our efforts are discounted, in calories or Joules.
How College Can Ruin Your Life
If We Don't Change the Way Money Is Created, Rising Inequality and Social Disorder Are Inevitable
Everyone who wants to reduce wealth and income inequality with more regulations and taxes is missing the key dynamic: central banks' monopoly on creating and issuing money widens wealth inequality, as those with access to newly issued money can always outbid the rest of us to buy the engines of wealth creation.
NYC Subway Train Derails, Scaring Passengers and Injuring 34
A subway train derailed Tuesday as it entered a station, tossing people to the floor, forcing hundreds of shaken-up passengers to evacuate through darkened tunnels and delivering another jolt to a transit system plagued by aging equipment and reliability problems.
Are Illinois & Puerto Rico Our Future?

## Japan ##
Japanese Banks at Risk as Dollar Borrowing Doubles, BIS Says
Russia offers Japan joint-venture proposal for Kurils
Japan power utilities firing up decades-high debt offerings
But any new political entity would have to completely sever ties with the deep-state agenda and its Republicrat agents, otherwise it would be immediately co-opted and compromised, thereby leaving the current China-style one-party system intact. -- RF 
It's not surprising that the image of the US would worsen under Trump, but it is surprising that it didn't worsen more under previous presidents, who were also awful. -- RF




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