Tuesday, May 29, 2018

 

News Links, May 30, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
A Spiking Dollar = Emerging Market Chaos
Indonesia's currency is spiraling. It'll have to make sacrifices to save it
This is the New Italy
Years of neoliberal economic policies imposed by Brussels and by Italian politicians alike have devastated numerous industrial towns and the very fabric of Italian society.
Keep in mind, however, that the nostalgia for the dying industrial system is misplaced. -- RF

## War on cash/cashless society ##
What Happened to Bitcoin (BTC) These Past Few Days?

## Airline death spiral ##
Shrieking Woman Escorted off Flight After Hitting Passengers With Bible
Looks like the inception of something like China's social credit rating system. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
China sends warning to two U.S. Navy ships in South China Sea
Report: Israel, Iran in 'Indirect Negotiations' Over Syria Fighting
Two nations trying to come to an agreement about upcoming SW offensive
Rights group: Israeli banks help with settlement building
Israeli banks are helping build West Bank settlements in violation of international law by providing financial services to home buyers and local councils, Human Rights Watch said in a new report published Tuesday.
China-Australia friction intensifies deep in the South Pacific
Tug of war over submarine internet cables carries high security stakes
Tensions rise on Catalan streets as divisions over secession deepen

## Migrants/refugees ##
Spain rescues hundreds of migrants from Mediterranean
UN refugee agency calls for urgent measures amid spike in arrivals with hundreds dying en route
U.S. official says agency did not lose immigrant children

## Global unrest/mob rule/angry people/torches and pitchforks ##
Guinea's president reshuffles government as he faces strikes, civil unrest

## Got food? ##
Check Your Stockpile: 228,614 pounds of SPAM Recalled
This is just the most recent in a long line of recalls. Last month, hundreds of thousands of eggs were called back for potential salmonella and a 35,464 pounds of ground beef was suspected to be contaminated with bits of plastic. More than 150 people have become ill from consuming romaine lettuce tainted with E. coli.

You are supposed to get the impression that such things don't happen in the US. -- RF

## Systemic breakdown/collapse/unsustainability ##
Obama warns: if America stays so divided, our democracy and economy won't survive
The US won't survive in its present form, but for an entirely different reason. Of course this goes for other countries as well. -- RF
How Systems Collapse
This is how systems collapse: faith in the visible surface of abundance reigns supreme, and the fragility of the buffers goes unnoticed.
People easily fall prey to the thinking that capitalist free-market economies won't collapse, but I assure you that they will. All economies are subject to the same forces. -- RF
Major Chinese river starts to run dry after months without rain
Boats are no longer able to cruise along the Songhua in Harbin city after water levels fall to their lowest level in years
People get income for doing stuff, and they get income for owning stuff. Increasingly the latter. And the ownership share of income goes to a small slice of households that own almost all the stuff.




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