Tuesday, August 29, 2017

 

News Links, August 30, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Harvey Damage Could Top $40 Billion: Only One in Six Insured, 15% of Refining Capacity Down
The 5 Steps to World Domination
You don't need an army to achieve World Domination; all you need is enough cheap credit to buy up everything that generates the highest value and/or income.
This article describes the dynamic behind the global economy by boiling it down to its essentials. -- RF
Death Of The U.S. Dollar Reserve Currency… Picking Up Speed
The Mindless Harm of Economic Sanctions
American politicians love to hurl economic sanctions at disfavored governments, but the current labyrinth of sanctions is so complicated that it has unintended consequences.


## Fault lines/flashpoints/powder kegs/military/war drums ##
India and China agree to 'disengage troops' along disputed frontier, New Delhi says
Japan, US look to cut off North Korea's oil supply
The U.S. and Japan will call for an international embargo on oil exports to North Korea in response to Tuesday's launch of a ballistic missile over Japan, as the allies seek to strike at the lifeblood of Pyongyang's weapons programs.
Was Korean Peninsula part of China? Xi and the Han dynasty game plan
Kim Jong Un's disobedience could lead to drastic change in Asia's geopolitical landscape
And it makes no more sense now than it did in the 1960s. -- RF
And the misery is likely to get even worse due to financial sanctions imposed by the Trump administration in efforts to isolate Maduro for taking the country down an increasingly authoritarian path.
Although I don't think Maduro is tackling his country's problems in the right way, that is a matter for the Venezuelan people to sort out, not the US government. Yet here we have another open admission that the US is meddling in Venezuela's affairs. In July the US government tried to meddle in Venezuela's Assembly election. -- RF
Israeli prime minister says no withdrawal from settlements
Israeli Prime Minister Benjamin Netanyahu's vow to never evacuate Jewish settlements from occupied land drew outrage Tuesday from Palestinians and complicated matters for the Trump administration's would-be peace envoys as they try to restart talks.
Afghanistan: America's Trillion Dollar War
16 years since the Bush administration launched its military intervention in Afghanistan, President Trump has announced his intention to increase the U.S. military presence in the country. As Statista's Niall McCarthy notes, there are approximately 8,400 U.S. troops on the ground in Afghanistan and reinforcements could start arriving within days. Trump's new strategy is set to extend the longest war in U.S. history and add even further to its already staggering cost.

## Migrants/refugees ##
Trump expected to decide soon on fate of young immigrants
Going after methane hydrate is a total waste of time and money. This is even worse than shale drilling. They will scoop up a little methane hydrate, and this will be hailed as another technological miracle which opens the way to a Glorious Technological Future, but the attempt to exploit this crap is actually an act of desperation. -- RF

## Solutions ##
Ideology as Addiction
Solutions abound, but they aren't one size fits all ideologies.

## Environment/health ##
Journalist Interrogated, Fired For Story Linking CIA And Syria Weapons Flights
A months-long investigation which tracked and exposed a massive covert weapons shipment network to terror groups in Syria via diplomatic flights originating in the Caucuses and Eastern Europe under the watch of the CIA and other intelligence agencies has resulted in the interrogation and firing of the Bulgarian journalist who first broke the story. This comes as the original report is finally breaking into mainstream international coverage.

## Propaganda/censorship/fake news/alternative facts ##
More Misleading Russia-gate Propaganda
The U.S. mainstream media is touting a big break in Russia-gate, emails showing an effort by Donald Trump's associates to construct a building in Moscow. But the evidence actually undercuts the "scandal."
The average reader would never know that U.S. and NATO forces themselves engaged this summer in "their largest military exercises since the end of the Cold War," to quote NPR. Nor would they know that NATO collectively spends 12 times more than Russia on its military, or that its European members alone field nearly 75 percent more military personnel than Russia.
China universities tighten ideological control of teaching staff
The Alt-Right's Alternative Reality
President Trump's "Alt-Right" is a grab bag of mostly incoherent or contradictory ideas derived from white resentments. Now, it will be played off against the Republican establishment with unpredictable results.

## Systemic breakdown/collapse/unsustainability ##
100 police killed in Rio, on pace to be worst year in decade
Houston drainage grid 'so obsolete it's just unbelievable'
Experts blame too many people, too much concrete, insufficient upstream storage, not enough green space for water drainage and, especially, too little regulation.

## Japan ##
Japan to practice missile defense at US bases
July household spending unexpectedly falls despite tight job market
Japan's household spending unexpectedly fell in July from a year earlier after last month's spike, data showed Tuesday, casting some doubt on the sustainability of a domestic demand-driven economic recovery seen as vital to boosting tepid inflation.

Families who've lived in old Chinese town for generations being kicked out to make way for tourists
6 billion yuan project will turn picturesque Chikan, close to World Heritage-listed Kaiping diaolous, into historical theme park

## US ##
Houston Warns Bridges And Roads Are "Starting To Fail"
As Tropical Storm Harvey heads back inland, slamming southwest Texas with another 15-25 inches of rain, Housting officials are reporting that the city's critical infrastructure is starting to fail under the weight of the floodwaters, and may soon collapse.
Trump expected to lift ban on military gear to local police forces
Peak US Asset Prices? Japanese Acquisitions Hit Record




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