Tuesday, August 22, 2017


News Links, August 23, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
An economic fallout is coming from all the Asian military standoffs
US Gross National Debt to Spike by $800 Billion in October?
The other option: too ugly to even imagine.

## Airline death spiral ##
Delhi airport flight operations halted for nearly an hour over drone scare
Police could get new powers at airports (Australia)
Police will reportedly be given the power to demand identification from anyone at a major domestic airport, even those not boarding a plane.
Passenger service fee may go up to fill up gap of airports security cost (India)

## Fault lines/flashpoints/powder kegs/military/war drums ##
Elon Musk, world tech leaders, call for ban on killer robots

Several other studies suggest that this ongoing decline in the overall value of the energy extracted from global fossil fuels has played a fundamental role in the slowdown of global economic growth in recent years.
Exactly what I've been saying: Each "recession" is another leg down in the ongoing collapse of the industrial economy. Savvy readers will instantly understand what this article is saying, and see the implications. Also, renewables won't save industrial society. -- RF
Libya's Biggest Oil Field Shut Down As Tensions Rise

## Solutions ##
Are We Fiddling While Rome Burns?
Solutions abound, but they require the retirement of obsolete systems that defend entrenched interests and soul-crushing inequalities.

## Environment/health ##
Drugmaker Hikma's U.S. unit raises medicine prices - Financial Times
Hikma Pharmaceuticals Plc's U.S. subsidiary has raised the price of a common diarrhea drug by more than 400 percent and is charging more for five other medicines as well, the Financial Times reported on Sunday.

## Intelligence/security/internet/cyberwar ##
Researchers have discovered a security flaw that probably affects all new vehicles. It allows an attacker to turn off safety features, such as airbags, ABS brakes, and power-steering -- or any of a vehicle's computerized components connected to its controller area network or CAN bus.
Identity Thieves Hijack Cellphone Accounts to Go After Virtual Currency
Hackers have discovered that one of the most central elements of online security — the mobile phone number — is also one of the easiest to steal.

## Propaganda/censorship/fake news/alternative facts ##
No, Corporate CEOs are Not Heroes
Cambridge University Press Makes U-turn on Chinese Censorship

## Systemic breakdown/collapse/unsustainability ##
Diminishing Returns (Kunstler)
I've observed that China's influence in Japan will become progressively stronger, and here you can see it happening already. As time passes, and as the US weakens, Chinese influence in Japan will also take on a political character. China held sway over East Asia for centuries in premodern times, and the region is now heading back in that direction. -- RF

## China ##
Chinese provinces heeding Xi's calls to report accurate GDP
Chinese President Xi Jinping's campaign against tampered economic data is starting to catch on, with Liaoning Province in the northwest reporting a plunge in nominal gross domestic product in a likely departure from the practices of the past.
Sinopec's Shengli Oilfield cuts Internet for some offices after cyber attack
Hong Kong ATM network sees surge in China UnionPay withdrawals following facial recognition move by Macau
The development comes as Macau seeks to crack down on capital outflows from mainland China through facial recognition at ATMs
UK credit and debit card spending ​growing​ at fastest rate since 2008
New figures showing borrowing is rising more than five times faster than earnings come after warnings from Bank of England
Britain welcomes Trump's renewed commitment to Afghanistan
UK condemned over 'shocking' export of deadly weedkiller to poorer countries
UK accused of double standards as thousands of tonnes of pesticide not authorised for use in EU are produced in Britain for export to developing world
Last night's announcement of a recommitment to the Afghanistan war is the earliest evidence that Trump has been completely castrated and will now play by status quo rules with little to no friction. This Presidency will very quickly begin to look like the fifth George W. Bush term (Obama was three and four), on every single issue of genuine importance to oligarchs.
The New Trump: War President
The Wipeout of Middle-Class America is Next
I have no doubt that by 2025, a mere 8 years away, the U.S. will most likely be socially and economically built like all other countries: 10% rich and 90% low income.
Why is Trump being singled out? If psychiatrists were to evaluate America's politicos, my guess is that many mentally unstable and psychopathic individuals would be identified. The really scary thing is that some of them wield heavy influence. How about John McCain? Hillary Clinton? Clearly these people are dangerous nut cases. And if Trump were removed, first in the line of succession is Pence. What a prize. Lofgren's proposal is just a shallow, symptomatic treatment of a deep-rooted problem: The War Party's stranglehold on US politics. No realistic alternative is possible until America's China-style one-party system is dismantled. -- RF

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