Thursday, July 27, 2017


News Links, July 28, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Risk has been Abolished, According to Institutional Investors
"Covenant-lite" loans – risky instruments issued by junk-rated borrowers, with few protections for creditors – set an all-time record at the end of the second quarter.
The platform, called GS Select, will make loans of $75,000 to $25 million using borrowers' investment portfolios as collateral.
"The present monetary system of the world, based on the dollar, is on its death-bed."

## War on cash/cashless society ##
Why Can't Americans Ditch Checks?

## Airline death spiral ##
Delta Accused Of Kicking Man Off Flight For 'Being Russian', 'Occupying Crimea'

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russia says 4 military police battalions deployed to Syria
US admiral stands ready to obey a Trump nuclear strike order
The U.S. Pacific Fleet commander said on Thursday he would launch a nuclear strike against China next week if President Donald Trump ordered it, and warned against the military ever shifting its allegiance from its commander in chief.
Watch the classic movie On the Beach. -- RF
Macron's Maneuvers on the New Cold War
French President Emmanuel Macron has positioned himself as a possible go-between in facilitating a reduction of tensions between the U.S. and Russia, a move that makes sense for France but may anger Official Washington's hawks who want to escalate the New Cold War.

French police blasted for 'routinely' using pepper spray on migrants

## Global unrest/mob rule/angry people/torches and pitchforks ##
Venezuela crisis: Bans on protests that 'disturb' election

## Energy/resources ##
ConocoPhillips Trims CAPEX After Posting Quarterly Loss
ConocoPhillips cut its 2017 capital spending by 4 percent on Thursday, the latest U.S. oil and natural gas producer to do so in reaction to depressed crude prices.
Electric Car Industry Faces A Looming Supply Shortage
On a grossly overpopulated planet, and at the scale of industrial civilization and the consumer society, "shortages" are going to develop no matter what technology is used. -- RF
Seadrill Warns Again Of Chapter 11 As Extends $14B Debt Talks
Offshore drilling contractor Seadrill again delayed restructuring its $14 billion in debt and liabilities on Wednesday and reiterated that Chapter 11 bankruptcy was likely.

## Got food? ##
Corn Could Be Major Victim of Climate Change
Researchers say the possibility of drought hitting multiple corn-growing regions hard in the same year is real.

## Environment/health ##
Wildfires In Southern France Burn Thousands Of Acres Near Tourist Hotspots
Lipizzan Malware: Google Discovers, Blocks Malware That Could Spy On Android Users
A team of security researchers at Google discovered and blocked a new family of Android malware developed by a cyber arms company that may have its roots in state-sponsored spying efforts.

## Propaganda/censorship/fake news/alternative facts ##
The "future of work" will be growing your own food and trying to keep others from stealing it. -- RF
It's vital to admit to ourselves that industrial civilization and our current way of life are unsustainable; we can't take any realistic and meaningful action while insisting upon business as usual. In this sense, Heinberg is far more realistic than most renewable-energy advocates. -- RF

## Japan ##
Toshiba closer to brink of delisting as memory sale stalls
Japanese hospitals seek secrets for staying disease-free
Study of 400,000 patients aimed at curbing nation's snowballing medical bills
No success story for Tokyo in hosting 2020 Games: economist
"At the end of day, the best way to have a good experience with hosting the Olympics is to not host them."
Very sobering. No wonder there are so few bids for hosting the games. It's the end of an era. -- RF
This won't do a thing to save the motorized society. -- RF
Banning plastic is fine, but the supermarket itself is unsustainable. -- RF
Fracking drilling rig brought on site overnight 'to avoid protests'

## US ##
The Two Charts That Dictate the Future of the Economy
If you study these charts closely, you can only conclude that the US economy is doomed to secular stagnation and never-ending recession.

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