Friday, April 13, 2018

 

News Links, April 14, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
China's yuan-denominated imports and exports surge in the first quarter of 2018
Pakistan allows Bank of China to settle transactions in yuan
Why Trade Wars Ignite and Why They're Spreading
World War III Will Be An Economic War
One miscalculation here is the belief that cryptocurrencies will play a decisive role, but the failure of power grids and the internet will put the kibosh on all kinds of electronic money. -- RF
Spotlight Boeing: Russia Threatens to Cut Off Titanium
After 10 fat years for stock investors a lean decade is looming
Decline in bees puts supply of raw materials for global business at risk, says report

## Cut, baby, cut! ##
GM cuts several hundred jobs at Ohio plant as car sales continue to slide
Jaguar Land Rover to cut 1,000 jobs due to Brexit 'headwinds'
Eir to cut 750 jobs following takeover
To Save the Post Office, It Has to Be Tremendously Downsized (US)
The only reasonable way to reach a goal of financial independence is radical cuts in the cost of operating the Post Office, which, among other things, requires tens of thousands of job cuts.

## War on cash/cashless society ##
Bitcoin mining's growing demand for cheap energy revived a shuttered coal mine
Becoming a 'Permian-Bitcoin' Billionaire May Be Just a Dream

## Fault lines/flashpoints/powder kegs/military/war drums ##
US Aggression Towards Syria Escalates As Assange Remains Unable To Speak Out
Trump Pushes Military to Accept 'Sweeping' Strike Against Syria
Bolton advocates 'ruinous attack' crippling Syrian infrastructure
U.S. Considers Economic Warfare Against Iran

## Migrants/refugees ##
Number of migrants in Germany hits record high

## Global unrest/mob rule/angry people/torches and pitchforks ##
Paris: Sorbonne university shut down after riot police evict protesting students
We're going to find that we can't afford the energy to recycle end-of-life solar panels. -- RF
Hurricane Maria's blackout was second-largest in history
The implications for farming could be huge.

## Environment/health ##
Doctor Shortage May Reach 120,000 by 2030 (US)
Watch for a change in policy when problems with food imports arise. -- RF


## US ##
US Government Spending May Exceed 60% of GDP — Half of US federal spending is unrecorded
US federal government spending is expected to bloat to over $4.7 trillion during fiscal 2020, according to Congressional Budget Office data released this week. However, aggressive accounting may be hiding a far worse situation.
Read on for some jaw-droppers. -- RF
Consider the irony: The United States, which bills itself as the world's beacon of freedom, has for some 70 years allied itself with one of the last absolute monarchies on the planet.
No relief in sight: Housing affordability is weakening at the fastest pace in a quarter century
Rising home prices, rising mortgage rates and rising demand are colliding with a critical shortage of homes for sale. And all of that is slamming housing affordability.



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