Thursday, May 24, 2018


News Links, May 25, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The Next Recession Will Be Devastatingly Non-Linear
Venezuela is not an outlier; it is the first of many canaries that will be keeling over in the coal mine.
I told you so. -- RF
Don't laugh. -- RF
Russian Central Bank Gold Reserves Rise to 1909.75 Tons in April.
Russian gold reserves are the fifth largest in the world.

## Airline death spiral ##
UK transport minister says cost of Heathrow must be kept down

## Fault lines/flashpoints/powder kegs/military/war drums ##
Tensions soar between India, Pakistan along Kashmir frontier
US 'Plan B' With Iran Sets the Stage for War
Threats, massive list of demands kill chances for diplomacy
House overwhelmingly backs plan to 'rebuild our military'
House lawmakers approved a $717 billion defense authorization bill on Thursday after days of debate but without much partisan division, hinting at a smooth negotiation ahead for the sometimes contentious budget policy measure.

## Global unrest/mob rule/angry people/torches and pitchforks ##
At least nine dead after police fire on protesters at Indian copper smelter
New oil discoveries are shifting from land to sea, and from shallow to deep. And costs go up accordingly. This can't end well. -- RF
Indian thermal power plants reeling from coal shortages
Private and public thermal power plants across India are facing an acute shortage of coal, at a time when rising electricity demand during summer months has sent the spot price of electricity skyrocketing.
A 100% renewable grid isn't just feasible, it's already happening
Not really. Everything is still built on a fossil-fuel foundation. Take that away, and the party ends. -- RF
Looks like humans are the biggest animal pests. -- RF
One way or another, this problem will be quickly solved when the SHTF. -- RF

## Intelligence/security/internet/cyberwar ##
Follow the money! -- RF
FBI Admits It Inflated Number of Supposedly Unhackable Devices
We've learned that the FBI has been misinforming Congress and the public as part of its call for backdoor access to encrypted devices.
This single statement by a DNC official invalidated the circumstantial evidence that had been used to support the DNC's Russian hacking claims, and represents a groundbreaking contradiction that has gone unobserved by establishment press outlets.

## Systemic breakdown/collapse/unsustainability ##
Brazil's economy runs largely on road transport and the four-day-old strike to protest rising diesel prices was beginning to have serious consequences, with highway police reporting blocked roads in nearly all of Brazil's states.
When trucks stop running, modern economies come to a standstill. -- RF

## Japan ##
Air duct corrosion, holes found at 7 nuclear plants in Japan
The megacities themselves are unsustainable. -- RF

## China ##
China's 'Social Credit Score' Blacklists People for Bad Behavior (Who Decides?)
The system is based on character and concocted from big data and artificial intelligence algorithms.

Cash Out Refis 10-Yr High, Private-Label Credit Card Delinquencies at 7-Yr High
If you think the economy is improving, you better check your facts and some disturbing trends.
No easy fix to higher gas prices in United States
Refineries in the country can only take on so much shale oil and, once at capacity, the rest of it heads to the export market.

And finally...

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