Sunday, September 03, 2017


News Links, September 4, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
India's GDP growth dips to 3-year low in April-June quarter
Note ban, tax overhaul blamed for weakest expansion of Modi's tenure
China sees new world order with oil benchmark backed by gold
Yuan-denominated contract will let exporters circumvent US dollar

## War on cash/cashless society ##
India's Demonetization: No Impact on Black Money Despite Huge Costs It Imposed

## Airline death spiral ##
Mattis reportedly threatens Swedish defense cooperation over nuclear treaty
Secretary of Defense Jim Mattis is leaning heavily on the Swedish government to not sign o to a new anti-nuclear weapons treaty, to the point of threatening Sweden's military alliance with the United States, according to local news reports.
The Reasons for Netanyahu's Panic
Israeli Prime Minister Netanyahu is pushing the panic button over the collapse of the Saudi-Israeli jihadist proxies in Syria and now threatening to launch a major air war.
The Risk of NATO's H-Bombs in Turkey
As the world nervously assesses North Korea's claims about having a hydrogen bomb, another danger point is in Turkey where an erratic leader could seize NATO's H-Bombs.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Southmead disorder: Riot police called to 'nightmare' area (UK)
Globally, most high-grade ores have already been exploited. Contemporary mining therefore tends to focus on the extraction of lower-grade ores. As a result, current mining operations are associated with higher volumes of waste than previously produced.
The world is running out of sand — and you'd be surprised how significant that is
From fracking to the construction boom, sand has become such a hot commodity that 'sand mafias' have sprung up that illegally mine and sell it on a black market
Air pollution throws shade on India's solar success
New research has found the smog and dust that sickens millions across India every year is also sapping solar power generation by more than 25 percent, far beyond levels previously thought.
Booming Houston built over land meant for flood projects
The explosive expansion of Houston subdivisions into prairies far to the west helped make the city affordable for the average 345 people who moved there each day, but it also paved over thousands of acres that the U.S. Army Corps of Engineers had intended for a reservoir and other flood-control projects to help against deluges like the ones from Harvey.
Too many humans. -- RF
Is Germany Killing the Environment to Save It?
The German government is carrying out a rapid expansion of renewable energies like wind, solar and biogas, yet the process is taking a toll on nature conservation. The issue is causing a rift in the environmental movement, pitting "green energy" supporters against ecologists.
The idea of running industrial society on biomass may charitably be described as a nonstarter. -- RF
This crackdown... raises the question of whether other governments will follow this lead and introduce their own VPN bans, especially given how VPNs currently allow citizens to avoid the extensive internet surveillance that Western governments practice.
The Unlikely Jihadi
The FBI Pressured a Lonely Young Man Into a Bomb Plot. He Tried to Back Out. Now He's Serving Life in Prison.

## Propaganda/censorship/fake news/alternative facts ##
Thai junta steps up internet censorship drive
Russia-gate's Totalitarian Style
Special Report: The New York Times is at it again, reporting unproven allegations about Russia as flat fact, while anyone who questions the Russia-gate groupthink faces ugly attacks.
Pundits And Politicians Are Tacitly Admitting That They Lied About Russia
Washington DC's role behind the scenes in Hollywood goes deeper than you think
On television, we found more than 1,100 titles received Pentagon backing – 900 of them since 2005, from 'Flight 93' to 'Ice Road Truckers' and 'Army Wives'

## Systemic breakdown/collapse/unsustainability ##
A Very Brief History of Humans
Gross domestic product (GDP) has risen smartly since 2000, but the share of GDP going to wages and salaries has plummeted: this is simply an extension of a 47-year downtrend.
And note that the 47-year downtrend started in 1970, the year conventional oil peaked in the US. -- RF

"The Trump administration is very unstable and we're quite concerned."
The Japanese government has been urging companies to spend more on wages and capital investment so as to boost consumer spending and improve the economic cycle. But the latest survey indicates that Japanese companies are opting to save money as much as possible.
## China ##
Ghost cities haunt stability dream in China's far west
Several ambitious projects around Kashgar have stagnated despite government plans to put Xinjiang's economy on a par with the rest of the nation
China's artificial intelligence technology is fast catching up to the US, Goldman Sachs says
The worst is yet to come for the NHS - hospital chiefs
The NHS in England may suffer its worst winter in recent history if it does not receive an emergency bailout, hospital chiefs are warning.

## US ##
The United States is short of fuel. The country only has a 1-million barrel gasoline reserve, established in the Northeast after Superstorm Sandy in 2012. That is enough to supply the East Coast for about eight hours.
Texas faces fuel 'crisis' as depleted gasoline stations deal with panic buying
The police officer was totally out of line. Public officials take an oath to observe the Constitution, which calls for a warrant, period. The nurse was absolutely correct and should be commended. -- RF

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