Thursday, August 10, 2017


News Links, August 11, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
What's Keeping Italy's Government Debt from Blowing Up?
Even Italian banks are dumping Italian government bonds.
I'm ready to receive my first check of Free Money. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##

## Energy/resources ##
Beware at the pump: Black market fuel is making millions (US)
A black market for diesel and gasoline has rapidly spread around the nation, with organized crime gangs using fraudulent credit cards to siphon millions of dollars in fuel from gas stations into large tanks hidden inside pickup trucks and vans.

## Environment/health ##
Brussels warns egg scandal could now involve seven countries
Brussels said today that eggs contaminated with the harmful chemical fipronil may have been sold in some seven countries, significantly escalating the geographical scope of the scandal.
Monsanto Was Its Own Ghostwriter for Some Safety Reviews
Academic papers vindicating its Roundup herbicide were written with the help of its employees.
Study highlights sea level rise hot spots along Atlantic coast
"It's amazing to see construction along the East Coast," said researcher Arnoldo Valle-Levinson. "That's the worst place to build anything."

## Intelligence/security/internet/cyberwar ##
You ain't seen nothin' yet. -- RF
How Congress 'Learns' About Russia
Hedge-fund operator William Browder helped plunder Russia's riches – and renounced his U.S. citizenship – but is still treated as a great truth-teller by a credulous Congress.
I'm on record as saying that the project will never be finished. -- RF

## China ##
Need for steady growth fuels China's addiction to land sales
China's central and local governments are taking often drastic measures to prop up real estate and other  markets, striving to maintain growth and keep much-needed revenue flowing in, but these steps have come at a price for residents and retail investors.

Stunning news yes, but to say that banks should make more loans to goose the economy is just asking for trouble. Debt is becoming progressively harder to pay back because of net energy decline and the attendant slowed-to-a-crawl economic growth, not because we're not goosing the economy sufficiently with yet more debt. -- RF
The Democrats' two leading congressional dissidents have finally surrendered, now that the party has "taken the lead in the project of endless war." U.S. imperialism demands unanimous support from its servants in Congress.

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