Tuesday, March 06, 2018

 

News Links, March 7, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
It Could Be Crunch Time for World's Third Most-Indebted Country
And the primary reason is net energy decline. After subtracting energy costs, the remaining "energy profit" is too low to keep the economy sufficiently powered. -- RF
U.S. Libor exposures larger than thought at $200 trillion: ARRC
A committee of large banks tasked with helping U.S. derivatives markets move away from reliance on the London interbank offered rate (Libor) said on Monday that the benchmark rate underpins more derivatives and loans than previously thought, adding to the need to reduce its influence.

## War on cash/cashless society ##
China goes full steam ahead toward cashless society
China is going full steam ahead toward a cashless society, which can be evidenced by the emergence of diversified forms of mobile payments. The facial recognition payment technology, for instance, allows consumers to process their payment without taking out their wallets, or even their smartphones.

## Airline death spiral ##
More and more passengers flying into a temper
Swiss airlines had to deal with more unruly passengers than ever before last year: 795 incidents occurred with  people endangering other passengers and the flight itself.
Bangladesh passenger strips naked, watches porn and attacks flight attendant mid-air

## Fault lines/flashpoints/powder kegs/military/war drums ##
Erdogan advisor says Ankara ready to 'strike' in eastern Med
A close advisor of Turkish President Recep Tayyip Erdogan has warned of a "strike" in the eastern Mediterranean if any attempt to explore or drill for hydrocarbons goes ahead without Ankara's approval.
US Closes Embassy In Ankara Following Unspecified "Terror Threat"
New alliance could emerge in Indo-Pacific
Two Koreas agree on summit in April
Pyongyang to give up nuclear weapons if regime's security guaranteed
US Said To Consider New Military Action Against Syria
Pentagon May Create a Combatant Command for Space


## Energy/resources ##
Thoughts of a Modern-day Slaveholder
For all intents and purposes, we are the beneficiaries of a slave economy. We may have exchanged human chattel for the energy slaves contained in a barrel of oil and the machines that consume it, but the economics work out the same and we can't walk away without giving up status and wealth.
NY City Weighs 18-Month "Moratorium" On Bitcoin-Mining
In upstate-New York, the City of Plattsburgh is moving toward installing a moratorium on commercial cryptocurrency mining operations, amid concerns from the council that it could drain the city's electricity supplies.
Tree loss pushing beetles to the brink
The loss of trees across Europe is pushing beetles to the brink of extinction, according to a new report.

## Intelligence/security/internet/cyberwar ##
Geek Squad's Relationship with FBI Is Cozier Than We Thought
Should Facebook, Google and Twitter Be Public Utilities?
This opaque corporate censorship amounts to a private-sector Stasi, pursuing an Orwellian world of profits reaped from the censorship and suppression of dissent

## Propaganda/censorship/fake news/alternative facts ##
Egyptian government targets journalists, labels them 'forces of evil'

UK shoppers keep on spending more on food as inflation bites - BRC
Britain's shoppers spent more on food in the three months to February and once again cut back on non-essential purchases as the rise in inflation after the Brexit vote of 2016 squeezed their spending power, a survey showed on Tuesday.
HCR ManorCare files for bankruptcy with $7.1 billion in debt
The second-largest U.S. nursing home operator, HCR ManorCare Inc, filed for Chapter 11 protection late Sunday with $7.1 billion of debt.
If you still think Russia is a problem, read this. -- RF




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