Sunday, June 04, 2017

 

News Links, June 5, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
When the Central Banks finally lose control of propping up the markets, will the BIG MONEY be made in owning gold, silver or crypto-currencies?  This is the question many investors who are focused on "alternative assets", outside the typical mainstream stock, bond and real estate markets, are asking.
What's amazing about these charts is that monetary stimulus on this scale produces soaring asset prices yet only Depression-level real growth.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Defense Secretary Mattis welcomes Beijing's help on North Korea, prods on South China Sea
Pirates are making a comeback on the high seas, and have Africa and Asia in their sights
Across the world, pirates are setting sail on the high seas again, costing shippers and insurers hundreds of millions of dollars, after declining since the 2009 hijacking of the Maersk Alabama off Horn of Africa.
A Half-Century of Oppression
Israel's right-wing governments bear the greatest guilt for the last half-century of oppressing the Palestinians but the divided and ineffectual opposition has played its part, too.
Trump Tumbles into Saudi-Israeli Trap
President Trump has fallen into a Saudi-Israeli trap that won't solve the Mideast regional conflicts and won't lead to a peaceful resolution of the Israeli-Palestinian conflict.
Moroccan police firing water cannon clashed with demonstrators in a provincial town on Friday as protests against alleged corruption and abuses of power continued in the most serious unrest since the 2011 Arab Spring upheaval.
Banging on empty pots, Venezuelans protest food shortages


## Environment/health ##
Trump misunderstood MIT climate research, university officials say
Massachusetts Institute of Technology officials said U.S. President Donald Trump badly misunderstood their research when he cited it on Thursday to justify withdrawing the United States from the Paris Climate Agreement.

## Intelligence/security/internet/cyberwar ##
The Kissinger Backchannel to Moscow
Major U.S. media outlets insinuate that President Trump's advisers are traitors for secretly talking to Russians, but they ignore the history of Henry Kissinger doing the same thing for Richard Nixon.
Any effort to overhaul crumbling infrastructure won't get very far. The magnitude of the task is far greater than the amount of energy available to accomplish it. -- RF

## Japan ##
BOJ's balance sheet tops 500 trillion yen, on cusp of overtaking Fed
Japan's PM Abe eyes legacy with proposed change to pacifist constitution
Japan's defense minister backs all U.S. options on N Korea
Tokyo 2020 Costs Now Twice That Of Original Bid Estimate
Tokyo 2020 organizers said this week that the estimated cost of the next edition of the world's biggest competitive sporting event has ballooned to ¥1.4 trillion ($17.1 billion). As staggering as that figure is on its own, it's even more revealing when compared to the original Olympic bid cost estimate of ¥730 billion ($8.9 billion).
Japan holds evacuation drills as N Korea presses on with missile tests
Gold smugglers' ship met another from China
Investigative sources say a group arrested on suspicion of smuggling apparent gold into Japan on a small boat had met another ship from China on open waters.
Births fall below 1 mil.
The total fertility rate in Japan in 2016 fell 0.01 point from the previous year to 1.44, while the number of babies born last year slipped below one million for the first time, the Health, Labor and Welfare Ministry said in an annual demographic survey on Friday.
California Uses One State Credit Card To Pay Off Another
Gov. Jerry Brown wants to borrow $6 billion to pay for California's underfunded public employee pensions.
I don't disagree with that assessment, but apparently the CNN host hasn't noticed that most of the world's leaders and politicians are likewise pieces of sh*t and embarrassments to humankind. Why all the vitriol directed at Trump while the rest get off the hook? There's no journalistic objectivity here. Just facile potshots at an easy target. -- RF

And finally...
Revealed: Saudi king earns more retweets than Trump
New study shows the US President is losing the battle for most attention per tweet




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