Tuesday, July 18, 2017


News Links, July 19, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Fears of "Doom Loop" between Italian Banks and Government Bonds Resurface
No matter what the "experts" from the IMF and central banks say, and no matter what actions governments take, it's impossible to save a system that's unsustainable from the get-go. And likewise for the energy system. There will be no deliverance by junk energy like shale oil, oil sand, or methane hydrate, and renewables won't save the day, either. There's nothing to do now but make new arrangements and brace for impact as the global economy hurtles toward inevitable self-destruction. Have a nice day! -- RF

## War on cash/cashless society ##
Rural India Is Recovering From the Cash Ban

## Fault lines/flashpoints/powder kegs/military/war drums ##
Amid disputes, Indonesia renames part of South China Sea
The Logic in North Korean 'Madness'
North Korea's nuclear deterrent is a logical – not crazy – reaction to U.S. "regime change" wars in Iraq and Libya, two countries attacked after they surrendered their WMD stockpiles.
Netanyahu Pushes Trump Toward Wider Wars
Russia-gate is empowering Israeli Prime Minister Netanyahu to strong-arm President Trump into escalating the Syrian war by abandoning a recent cease-fire and challenging Iran and Russia.

## Migrants/refugees ##
EU to restrict rubber boat sales to Libya to curb migrant smuggling

## Global unrest/mob rule/angry people/torches and pitchforks ##
Venezuelan opposition calls for nationwide strike
Commandeering parking lots, road surfaces, rooftops, and the like for PV panels is being sold as a clever and "efficient" win-win solution, but it's actually an indication of the staggeringly vast land area needed for renewables to challenge fossil fuels. For a detailed discussion on the incomparably large difference between the land areas required by fossil fuels and renewables, read Vaclav Smil's Power Density. -- RF
Are More Bankruptcies On The Way For U.S. Oil?
Something that's been whispered about in the last few months is now being talked about loudly: U.S. oil drillers' debts. There have been a few notable warnings that shale boomers might want to slow down their production boost lest they bring on another price crash, but the truth seems to be that they can't do it: they have debts to service.
If we were to ever successfully harness the forces that power the stars, mankind could have access to power that is almost literally too cheap to meter.
"Too cheap to meter"? Where have I heard that before? Oh yeah, nuclear fission was also going to be "too cheap to meter," but it turns out that the cost is staggeringly high, and future generations will be left "holding the bag." There are always costs for energy, and it will be no different for fusion power, if it's ever achieved. -- RF
My back-of-the-envelope calculation says that amount will keep the world supplied for less than two weeks. -- RF

## Environment/health ##
'It's raining needles': Drug crisis creates pollution threat (US)
They hide in weeds along hiking trails and in playground grass. They wash into rivers and float downstream to land on beaches. They pepper baseball dugouts, sidewalks and streets. Syringes left by drug users amid the heroin crisis are turning up everywhere.
Biggest snowfall in decades blankets Chile's capital

## Propaganda/censorship/fake news/alternative facts ##
CNN pays US airports for broadcast at over 2000 gates

## Systemic breakdown/collapse/unsustainability ##
Pentagon study declares American empire is 'collapsing'
Report demands massive expansion of military-industrial complex to maintain global 'access to resources'
China Walmart Killings: Why Violent Crimes In Retail Stores Are More Frequent
Staving Off the Coming Global Collapse
'Overshoot' is when a species uses resources faster than can be replenished. We're already there. And show no signs of changing.
Why 2017 Is Like 1969
A deeply polarizing new president, a disastrously misguided official narrative that the political Establishment doggedly supports despite a damning lack of evidence, and an economy teetering on the edge of recession--and worse.
With New D.C. Policy Group, Dems Continue to Rehabilitate and Unify With Bush-Era Neocons
One of the most under-discussed yet consequential changes in the American political landscape is the reunion between the Democratic Party and the country's most extreme and discredited neocons. While the rise of Donald Trump, whom neocons loathe, has accelerated this realignment, it began long before the ascension of Trump and is driven by far more common beliefs than contempt for the current president.
Of $847 billion in Direct Loan program, only $535 billion is actually being paid back at the moment.
Retirement Dread Is Replacing the American Dream
The government's latest report on Social Security is bad enough. Trends in income inequality and health care make it worse.
Police arrived on scene and Damond went to meet the officers. As she spoke to the officer in the driver seat, the officer in the passenger seat pulled out his gun and shot her.

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