Tuesday, May 15, 2018


News Links, May 16, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global QE Dream Ends, ECB Sees Rate Hikes, "Normalization" Becomes a Thing
Strange Things Are Happening in Mexico's Banking System
Rumors and denials proliferate, as millions of pesos disappear.
One of the main reasons the US welched on the nuclear deal is that Iran is ditching the greenback. -- RF
Turkish Gold Imports Triple As The Central Bank Diversifies Out Of Dollars
Turkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases.  While the Chinese and Russian governments have been adding gold to their official reserves over the past several years, Turkey added 86 metric tons to its official holdings in the last seven months of 2017.

## War on cash/cashless society ##
Goldman Sachs-backed start-up Circle introducing a crypto version of the US dollar
Another Southwest Airlines Co. plane in-air issue scared passengers after its cabin lost pressure.

## Fault lines/flashpoints/powder kegs/military/war drums ##
US embassy in Jerusalem will increase Middle East instability, warns Saudi Arabian prince
Netanyahu's useful idiot. -- RF
Giuliani shares with numerous other neocons like John Bolton a strong relationship with [MeK]. In fact, both Giuliani and Bolton have been on the payroll of the MeK and have received tens of thousands of dollars to speak to their followers.
There is a misunderstanding about oil here. Shale drilling is credited with reducing US dependence on Middle Eastern oil, giving the impression that oil is no longer a major factor. On the contrary, everyone (except the general public) knows that shale oil is junk energy and a flash in the pan, and that the US believes it's imperative to lock down Iran's conventional oil reserves. -- RF

## Global unrest/mob rule/angry people/torches and pitchforks ##
Israeli military drops warning leaflets into Gaza as border protests build

## Energy/resources ##
Junk energy: Skeptic Geologist Warns: Permian's Best Years Are Behind Us
Geologist Arthur Berman, who has been skeptical about the shale boom, warned on Thursday that the Permian's best years are gone and that the most productive U.S. shale play has just seven years of proven oil reserves left.
The improved efficiency comes down to a number of "technology improvements" some of which are as mundane as drilling longer wells, increasing the number of frack intervals and pumping in greater quantities of proppants.
All of which further raise costs. Whom are we fooling here? -- RF
Only limited lengths of such roads will ever be built. -- RF
Small Modular Nuclear Reactors Will Soon Face a Moment of Reckoning

## Got food? ##
Industrial trans fats must be removed from food supply, WHO says
UN health agency says trans fats in snack foods, baked foods and fried foods are responsible for 500,000 deaths each year

## Solutions ##
EMP: An Elaborate Hoax or a Legitimate Threat?
In the final analysis, it doesn't matter whether an EMP attack is possible or not. For one reason or another, power grids will go down. Prep for that, and you are also prepped for EMP. -- RF
'Superbug' surfaces at poultry farm in China
E. coli that's resistant to a "last-resort" antibiotic has been discovered on a commercial poultry farm in China, researchers report.

## Intelligence/security/internet/cyberwar ##
Military data lurking in the dark web

## Propaganda/censorship/fake news/alternative facts ##
The Stomach-Churning Victim Blaming by "Labour Friends of Israel"

## Systemic breakdown/collapse/unsustainability ##
Five Things You Should Know About Collapse
"The days of explosive growth are over."
Even the royal family knows the future is Chinese
There was a time when classrooms were dominated by the '3 Rs', reading, writing and 'rithmatic. Now, the focus is on Mandarin.
Shoppers desert UK high streets, putting more jobs at risk
Decline bigger than same period in recession-hit 2009 and one in 10 town centre shops lie empty

Today, the national debt stands at more than $21 trillion– a milestone hit roughly two months ago. This means that the government added $20 trillion to the national debt in the 37 years between October 22, 1981 and March 15, 2018.
Note that almost all the debt has been added in the post-1970 years, after US conventional oil production peaked and the nation started on the net-energy downslope. Although net energy decline isn't the only reason for this debt accumulation, it's the biggest factor. -- RF

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