Thursday, April 12, 2018

 

News Links, April 13, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The Genie's Out of the Bottle: Eight Defining Trends Are Reversing
Though the Powers That Be will attempt to placate or suppress the Revolt of the Powerless, the genies of political disunity and social disorder cannot be put back in the bottle.
Construction Giants in Spain Panic over Prospect of Losing one of their Biggest Rackets
CBO Warns Lawmakers That Interest Payments Will Outpace Military Spending by 2023
The head of the Congressional Budget Office warned lawmakers that the U.S. government is on track to pay more to its creditors than on its own military, as interest rates and debt levels continue to climb.

## War on cash/cashless society ##
Exchange clampdowns continue in Korea and Japan
Yes, of course, go digital. Then we can database your every purchase: Who bought what, when, where, and how much they paid for it. You can have privacy or convenience, but not both. -- RF
India plans to build 100 more airports for 1bn flyers by 2035
Government counts on private sector to foot most of $60bn bill
Retraction: Report of Syrian Red Crescent Statement on Alleged Douma Attack Incorrect
Risks of Escalation Abound in Syria
Taking the World to the Brink
The situation is clearly fraught with the risk of sliding into international conflict between the two biggest nuclear weapons powers with all that that implies. Civilization itself is being put in peril so that the West can continue supporting sectarian armed groups seeking to overthrow the Assad government, in violation of international law and the UN Charter.
Just imagine the potential for chaos and violence. Too many humans! -- RF
How Much Longer Can Pemex Hang On?
It lost $18 billion in Q4 on declining revenues and production, has $102 billion in debt, and now its world is changing.
'Long, slow recovery': After 3 years of heavy losses, Canadian oilpatch to eke out paltry gains this year
Oil producers posted cumulative losses of $32 billion over the course of the last three years as oil prices collapsed
Gulf Stream current at its weakest in 1,600 years, studies show
Warm current that has historically caused dramatic changes in climate is experiencing an unprecedented slowdown and may be less stable than thought - with potentially severe consequences

## Intelligence/security/internet/cyberwar ##
U.S. Sees Wave Of New Cyber Attacks On Energy Infrastructure
OPCW Salisbury Report Confirms Nothing But the Identity of the Chemical
The word "Russia" does not occur in today's OPCW report. The OPCW Report says nothing whatsoever about the origin of the chemical which poisoned the Skripals and certainly does not link it in any way to Russia.
America's Long History of Trying to Determine Who Rules Syria
The CIA organized its very first coup in Syria in 1949 to overthrow a democratically elected president and install a military dictator. The U.S. has never given up trying to determine who rules Syria.

## Propaganda/censorship/fake news/alternative facts ##
Liars Lying About Nearly Everything
Donald Trump turns out to be a pretty good liar, even if he frequently has no idea what he's talking about, says Phil Giraldi in this commentary. But the prize for lying has to go to the British.
Government Propaganda Now Totally Bizarre (UK)

## Systemic breakdown/collapse/unsustainability ##
The Importance of Looking Dangerous (Club Orlov)
Smith to Mattis: Prepare for lean years
"While 2018 and 2019 are great, I hope you are also planning for a lean future because we are looking at a trillion-dollar deficit this year," Smith said, adding that the US national debt is approaching $22 trillion.
The Empire is finding that maintaining the legions is unsustainable. -- RF
Mattis on aviation accidents: 'We cannot repair our way out'
In Congressional testimony partly driven by Military Times' recent investigation into a 40 percent rise in aviation accidents, Defense Secretary Jim Mattis warned Congress that the deep cuts to pilot hours and lack of ready aircraft that are partly to blame will not find a quick fix.
Squid-flation bites Japan as catch sinks to new low
Lighter catches have been blamed on changing sea temperatures, which impedes the spawning and growth of the squid. Critics have also pointed to overfishing by North Korean and Chinese fishing boats.

"China does not seek a trade surplus. We have a genuine desire to increase imports and achieve a greater balance of international payments under the current account."
It's hard to be sure what Xi means by this, but it suggests he is aware that a country which supplies a reserve currency must run a trade deficit. -- RF
China Turns Gas Fields Into Storage
China has begun turning depleted gas fields into gas storage facilities to avoid a repeat of this winter's supply crunch when the cold hit and several million households were left without heating.

## UK ##
The Rush to War (Craig Murray)
Number of homeless people dying more than doubles in five years, figures show
At least 230 people living on streets or in temporary accommodation died between 2013 and 2017, with deaths occurring in supermarkets car parks, church graveyards and crowded hostels
Learning Mandarin gives school leavers a career advantage
Results of a new survey of British business leaders show that 77 per cent believe speaking Mandarin Chinese will give school leavers a career advantage over their counterparts.
UK economic growth has fallen by half, forecasters say
More than 100,000 homeless households to be trapped in temporary accommodation by 2020, warns report
Tens of thousands more families will be forced to live in B&Bs, hostels and other forms of temporary housing across England over next two years if current homelessness trends continue

## US ##
U.S. oligarchs have done far more to undermine U.S. democracy than any Russian.
Training first-world children for a third-world life
Long-time readers will recall that I predicted this some time ago. -- RF
How Much Are Banks Exposed to Subprime? More than we Think
Wells Fargo has $81 billion in exposure to loans that, on paper, it isn't exposed to.




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