Sunday, July 02, 2017


News Links, July 3, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Many European Banks Would Collapse Without Regulators' Help: Fitch
Only two things keep these banks alive: "a State willing to support them and a regulator that does not declare them insolvent."
It's Not Just Americans, Europe's New Obsession With Auto Leases Is "Catastrophic For Used Car Prices"
Jim Chanos: U.S. Economy is Worse Than You Think
Philippine casinos see luck turn cold
Money laundering, heavy competition cloud outlook for booming industry
Silicon Valley Begins to Crack Visibly
Chilling photos of for-lease signs lining the Great America Parkway 
The worst airlines for avoiding compensation payments revealed
Colombian airline wants to make passengers stand
Giving new meaning to the term "cattle class." -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
Trump Courts War Risks with Iran
Where's the zombie apocalypse when you need it? Or has it already arrived? -- RF
How Israeli/Saudi 'Alliance' Plays Trump
As novices to the world of Mideast intrigue, President Trump and son-in-law Jared Kushner are being led by Israel and Saudi Arabia into a dangerous confrontation with Iran.
## Global unrest/mob rule/angry people/torches and pitchforks ##
Edir Frederico Da Costa protest: Riot police called in as demonstrators set fires and throw bricks in Stratford (UK)
The Looming Energy Shock
The next oil crisis will arrive in 3 years or less
If you have time to read only one article in the energy/resources category, this should be your choice. -- RF
If by "energy dominance" Trump means taking over the world's best conventional oilfields, then he might be on to something. There is no way renewables are going to support industrial civilization, especially the industrial war machine. But either way, our goose is cooked. -- RF
Turkish power ship proposed for Adelaide
A large-scale temporary power solution is being considered, as South Australia struggles to ensure its energy security.
This is a solution one expects to be used only in developing countries. -- RF
Booming solar energy demand raising ecological concerns (Canada)
Metals needed to build solar panels need to be mined responsibly, expert says
Unfortunately, for many crops, the line has already been crossed. Rain for them would be too little, too late. Many producers who had intended to harvest grain have already made the hard decision to bale that crop for hay. Others have been returning pesticide and fertilizer because their crop isn't growing.
World food supplies at risk as climate change threatens international trade, warn experts
Chatham House report warns 'chokepoints' in the supply of food, such as the Suez Canal, the US rail network and the Turkish Straits, could become 'epicentres of systemic disruption'

A worldwide shortage of the widely used antibiotic piperacillin-tazobactam has forced doctors in Britain to ration the medicine while the US Food and Drug Administration (FDA) has had to import non-approved drugs from Canada.
Solar Panels Generate 300 Times More Toxic Waste Than Nuclear Reactors
But nuclear proponents have nothing to cackle about. How do they plan to handle the loss of offsite power? -- RF

## Propaganda/censorship/fake news/alternative facts ##
After Hersh Investigation, Media Connive in Propaganda War on Syria
The Mad Chase for Russia-gate Prey
As the Russia-gate imbroglio proves, a grave danger in journalism comes when the pack is running headlong in pursuit of the same prey and casts aside normal standards of care and fairness.
Is Trump Making Up Syria-Sarin Claims?
CNN Journalists Resign: Latest Example of Media Recklessness on the Russia Threat
Even if supersonic commercial flights happen again, they won't last long. The writer completely misunderstands what's been happening over the past half century. The "golden quarter century" to which he refers was the product of the fossil-fuel bonanza — an energy production and supply system which provided society with extremely high net energy at an unbelievably low cost. It was a one-time bonanza which is highly unlikely to be repeated, and renewable energy sources certainly cannot replicate that energy surge. The sudden decline of technological innovation about 1970 coincides with the peak of conventional oil production in the US, and we've been on a downhill trajectory ever since. Truly, it was the end of an era. Now that net energy decline has considerably worsened, we see that millions are out of work, the global economy is on the skids, the fiscal exigencies of national and local governments intensify by the day, pension systems woefully underfunded, and generally everything is just falling apart. Welcome to the New Normal. -- RF

## Japan ##
70 years! Of course decommissioning will never be finished. It will turn out to be just one of the many nuclear disaster areas to blight the planet. -- RF
China exposes US$120 million local government debt scandal
Beijing vows to punish officials involved in using taxpayers' money to pay off debts incurred by authorities in central China city
And we'll be seeing more such cancellations of fishing agreements around the world. -- RF
That's because what the US actually has is a China-style one-party system. Two wings of the War Party, two peas in a pod. Their rivalry amounts to who will be in the driver's seat as they carry the nation toward perpetual war, the imperial project, corporate rule, global domination, and other elements of their joint program. -- RF
But they don't want to stop arming terrorists. -- RF

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