Thursday, June 28, 2018


News Links, June 29, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Greyerz – Russia, China And India Are Making Historic Moves Ahead Of The Global Reset
Chinese yuan down 4 per cent in 11 days as central bank arms itself for trade war with US
The PBOC continues to lower the currency in what analysts say may be an attempt to make exports more competitive as trade tensions escalate
Suck it up, peons. -- RF
Amazon is buying companies at an unprecedented rate in its quest to expand
Analysts make grim projections for U.S. debt
Donald of Arabia, Oil Sanction Idiocy: Another Oil Shock Coming
Make Capital Cheap and Labor Costly, and Guess What Happens?
Employment expands in the Protected cartel-dominated sectors, and declines in every sector exposed to globalization, domestic competition and cheap capital.

Whenever Musk or one of his rivals sends up a spacecraft, the carriers which operate closer to the ground must avoid large swaths of territory and incur sizable expenses.
Security breach at Auckland Airport delays flights
Despite some well-publicized incidents involving drunk passengers, U.S. airlines aren't about to fly dry. The revenue is just too big. But flight attendants say drunk passengers are the top source of harassment and want airline staff to keep them off planes.
Authorities swarm JetBlue plane experiencing radio issue at JFK Airport
Construction goes on at North Korea nuclear facility, images show
Iran reopens nuclear plant that had been idle for nine years
The government of Iran has ordered a formerly idle nuclear plant to resume operations on Wednesday to be ready in case discussions with European leaders over saving the nuclear agreement vacated by the Trump administration fall through.
In Europe's east, a border town strains under China's Silk Road train boom

## Migrants/refugees ##
Trump-Inspired Koreans Try to Drive Out Hundreds of 'Fake' Refugees

## Global unrest/mob rule/angry people/torches and pitchforks ##

## Energy/resources ##
It was only a few days ago that Saudi Arabia and its coalition partners said that they would add 1 mb/d of supply back onto the market, with many of them acknowledging that, in reality, the figures would be closer to 600,000 bpd because of the inability of so many producers to ratchet up output.
Russia a pivotal player in OPEC-led market stabilization effort

## Environment/health ##
'Toxic garbage will be sold here': Outcry as Brazil moves to loosen pesticide laws
A Brazilian Congress commission has approved a controversial bill to lift restrictions on pesticides despite fierce opposition from environmentalists, prosecutors, health and environment ministry bodies, and even United Nations special rapporteurs.
Engineers have created a cement alternative to reduce concrete's carbon footprint
Well, that's great news. Unfortunately, the cities built with the cement alternative would be just as unsustainable as cities built with conventional cement. -- RF

## Intelligence/security/internet/cyberwar ##
A new data breach may have exposed personal information of almost every American adult
While the database apparently does not include credit-card numbers or Social Security numbers, it does include phone numbers, email and postal addresses as well as more than 400 personal characteristics, such as whether a person is a smoker, if they own a dog or cat, their religion and a multitude of personal interests. Even though no financial information was included, the breadth of personal data could make it possible to profile individuals or help scammers steal identities.
Why You Should Be Intensely Skeptical Of Everything You Hear About Iran Protests

## Propaganda/censorship/fake news/alternative facts ##
Calif. bill would create commission to monitor 'fake news'

## Systemic breakdown/collapse/unsustainability ##
Beer rationing begins after a carbon dioxide crisis hits Europe
Companies appear to be holding back due to the limited growth potential of a domestic economy beset by a shrinking population. Uncertainty over the global economy as the U.S. pushes its "America-first" agenda is only adding to the reluctance to spend.
Totally out of touch with the lives of the Little People. And also out of touch with energy reality. -- RF
Trade war or not, China Inc already reining in American brands
As Beijing and Washington veer towards a full-blown trade war, American brands in China face what may be an even bigger threat: local rivals armed with innovative products and the Chinese government's blessing.
China must stop fooling itself it is a world leader in science and technology, magazine editor says
Leadership has been hoodwinked by overblown claims of nation's capabilities and achievements, editor-in-chief of state-run industry journal says

## UK ##
Child homelessness in England at highest level since 2007
123,130 children were in temporary accommodation in first quarter of 2018 – an increase of nearly 80% since 2011
The next bear market in stocks will spark a retirement crisis
A recession could decimate even substantial retirement portfolios, and Social Security and Medicare are facing shortfalls
One-Third Of Voters Think Civil War "Likely Soon" While 59% Say Anti-Trump Liberals Will Resort To Violence

Tuesday, June 26, 2018


News Links, June 27, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Interestingly, the amount of gold exported to London during this period nearly equaled the total U.S. domestic gold mine supply.
Read on to see where most of that gold eventually ends up. -- RF
America will need to learn new rules and play differently in the new balance-of-power world, where others have assets and policies the U.S. does not and cannot control.
Learn Mandarin. -- RF
Economic War on Iran: Trump Sets Sanction Policy for Entire World
Trump will grant no waivers on purchases of Iranian oil. Effectively, this is an economic declaration of war on Iran.
Simply put, the US Treasury market is now a centrally directed farce where supply and demand no longer determine prices or is the JGB market and European sovereign debt markets...and who knows how many more.

Crypto Collapse Spreads With Hundreds of Coins Plunging in Value

## Airline death spiral ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
Turkey's victorious Erdogan set to assume sweeping powers
A German 'Iran Bank' could save the nuclear deal
Creating a private German Iran Bank would keep investment flowing into Iran, so that Tehran sticks to its side of the nuclear deal. The bank could even be named Deutsche.
'It's real, it's coming, it's a matter of time:' Missile Defense Agency director on hypersonic weapons
U.S. Air Force Lt. Gen. Samuel Greaves says it is only a matter of time before hypersonic weapons are added to the arsenals of America's adversaries.
Turkey's European dream may be over, is the Sultan ready for Eurasia?
Erdogan has lost his parliamentary majority and must now establish a coalition with the far-right Nationalist Action Party; given the latter is anti-Western, the road ahead points in only one direction: Eurasian integration.
Beyond the South China Sea: Beijing may target these waterways next
Trains, buses and the underground rail system stopped and there was no air or maritime transportation nationwide, affecting at least 15 million in the capital of Buenos Aires alone.

## Migrants/refugees ##
I truly feel sorry for the migrants. They believe they are moving to the Land of Milk and Honey, but those countries too are on a path leading to economic, social, and ecological collapse. -- RF

## Global unrest/mob rule/angry people/torches and pitchforks ##
Maxine Waters Calls For Attacks On White House Employees: "Create A Crowd And Push Back On Them"
Congresswoman Maxine Waters (D-CA) openly called for people to form a mob and physically confront members of Donald Trump's administration if they see them out in public after controversy over separated migrant families erupted two weeks ago.
Sign of the times: A US lawmaker openly calls for mob rule. -- RF
Protest of Macedonia name deal gets unruly in Greece

## Energy/resources ##
Recycling end-of-life wind turbines, solar panels, and batteries turns out to be very challenging. Owing to net energy decline — which will be aggravated by the low power density of renewables themselves — recycling costs are going to increase. Can recycling ever be profitable? -- RF
Any system which runs off the detritus of industrial society has no future. -- RF

## Got food? ##
Keep watching as America's vaunted food-production system collapses, causing shortages and a global spike in food prices. Food riots are a matter of time. -- RF
Increase in size, frequency of ocean storms a threat to global fisheries
French Butchers plead for government's protection against 'terrorist' vegans

Seabirds are starving to death on the remote Lord Howe Island, a crew filming for the BBC One documentary Drowning in Plastic has revealed. Their stomachs were so full of plastic there was no room for food.
Russiagate's 'Core Narrative' Has Always Lacked Actual Evidence
The unprecedented allegation that the Kremlin "attacked America" and "colluded" with its president in order to elect him is based on two documents devoid of facts or logic.
Cops May Unlock iPhones Without a Warrant to Beat Apple's New Security Feature
As the cat and mouse game between iPhone hackers and Apple continues, with Apple introducing more robust security features, some law enforcement officials exploring a legal workaround.

## Propaganda/censorship/fake news/alternative facts ##
Images of Children Crying
US media propaganda continue telling us that the utterly corrupt political system is OK, and that it's just the person in the White House who's ruining everything. -- RF

## Systemic breakdown/collapse/unsustainability ##
Tomorrow's Cities: Can start-ups solve city issues?
Having an area like this is becoming increasingly important as cities look to tech to help solve problems like congestion and pollution.
By "issues" I suppose they mean problems. Anyway, this is the same old "more people = more money" mindset at work. The idea of solving problems by having fewer people just never enters their minds. So we have more people and their wastes, and then count on hi tech to shove it all around more efficiently. -- RF
Unsustainable. -- RF

## Japan ##
Underscoring the Japanese love of cash... -- RF

## China ##
China to protect a quarter of land from development by 2020
CHINA aims to keep a quarter of its land off-limits for development by 2020 and increase forest coverage to more than 23 per cent of its total landmass, the country's cabinet said.
Australia buys hi-tech Triton drones to monitor South China Sea, enhance 'anti-submarine warfare'
Poor Man's Disease: Hepatitis Spikes as Poverty and Isolation Take Hold Among America's Forgotten
What's happening in Michigan is the largest outbreak of hepatitis A in the state's history. But Michigan is hardly unique: In nearby Ohio, Indiana and Kentucky — and as far away as San Diego, Salt Lake City, and New York City — the number of hepatitis A cases is spiking sharply.
Growing Public Employee Benefits to Force School Cuts
Americans expect that when they give public schools more money, this will help to fund the education of their children and to support programs that promote their children's development, such as athletics or the arts. What they don't expect is for the money they give to be siphoned off in ways that will either never show up in a classroom or that will never benefit their children.
Sky-High Deductibles Broke the U.S. Health Insurance System
Risks Pile Up Quietly in the US Corporate Bond Market
Harley to Shift Some Production Overseas: Harley and GE in Trump Crossfire
Trump seeks to bring jobs to the US via tariffs. It's backfiring.

Sunday, June 24, 2018


News Links, June 25, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
A New Global Debt Crisis Has Begun
Euro zone agrees on debt relief package for Greece
It's a fallacy to believe the US has a free market economy. The economy is run by a conglomerate of individuals and special interests, in and out of government, including the Deep State, which controls central economic planning.

## War on cash/cashless society ##
Aer Lingus Will Not Allow Intoxicated Passengers To Fly
In addition, any alcohol that has been purchased and is opened will be confiscated and thrown away prior to boarding.

## Fault lines/flashpoints/powder kegs/military/war drums ##
US intelligence report: China will have the world's most powerful naval gun ready for war by 2025
The rounds used in China's railgun cost between $25,000 and $50,000 each, according to the intelligence assessment. Though not an exact comparison since the weapons have different technologies, the U.S. Navy's Tomahawk cruise missile has an estimated price tag of $1.4 million each.
Russia warns of a 'tough response' to creation of US space force
Russian diplomats and politicians are promising repercussions if President Donald Trump's order to build a U.S. space force is met, citing a treaty banning nuclear weapons in outer space.
However, the main meat of [Moon's] visit appeared to be economic – notably exploring the possibility of linking South Korea to the Russian Far East via pipelines, electricity grids and rail lines running through North Korea, and also commencing talks on a free-trade agreement (FTA).
North Korea Agreed to Denuclearize, But US Refuses Despite Treaty Obligation
After North Korea agreed in principle to get rid of its nukes, the U.S. continues to ignore its obligation under the NPT to also eliminate its nuclear weapons.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Pittsburgh protesters keep marching, three days after police killed a black teen as he ran away
## Energy/resources ##
Good luck with that. -- RF
'Resource nationalism' clouds China's Africa ambitions
World's second-largest economy may find it harder to get what it needs to grow
And as long as OPEC keeps the US shale oil industry in the red, it's winning. -- RF

## Got food? ##
House narrowly approves farm bill that could cut food stamps to millions of low-income Americans

Healthcare systems are failing. Better hope you don't get sick or injured. -- RF
Paris slams brakes on electric car-sharing scheme
The city of Paris is pulling the plug on an electric car-sharing system once hailed as the future of urban transport, with officials voting to cancel the contract in the face of mounting losses.
Biodiversity loss has gone beyond the planetary boundaries
Compulsory calorie counts in restaurants and mile-long runs for primary pupils as Government vows to halve child obesity (UK)

## Intelligence/security/internet/cyberwar ##
Israel's Attack on the USS Liberty: A Half Century Later, Still No Justice
Despite all the talk of reducing power use with technology and "decoupling" energy consumption from GDP growth, the trend is toward greater energy consumption. If more billions of humans are going to live the high life, if military forces are going to be using death rays and fighting in space, and if humanity is going to expand to the Moon, Mars, and beyond, be prepared to increase energy consumption exponentially. -- RF
The trial in Audi's hometown is meant to counter clogged city roads and unlock new growth potential for Germany's high-tech industry, the government's press office said Wednesday in an emailed statement.

Japan offers to send nuclear experts to North Korea: sources
Japan has told the United States it is ready to dispatch experts to North Korea to help the country dismantle nuclear facilities toward the "complete denuclearization" of the Korean Peninsula, Japanese government sources said Friday.
Japanese firms shift to clean energy despite state's cling to nuclear power
World Cup viewers strain Tokyo's plumbing system with halftime toilet dash
Too many people! Just imagine the strain on Tokyo's transportation, water, power, and other systems during the crush of Olympic fans in 2020. Politicians simply can't extricate themselves from the "more people = more money" mindset. -- RF
Kuroda's job of explaining Japan's inflation grows tougher
Inflation has stalled less than halfway to the Bank of Japan's 2 per cent target, holding at 0.7 per cent after two months of declines.

## China ##
CO2 crisis: Shops could run out of food and drink as the Government prepares to step in
Supplies of the gas are now running so low that it is feared that production of items which are made and packaged using carbon dioxide could cease within days.
Next Central Bank Puts QE Unwind on the Calendar
Multi-Decade Outsourcing Boom Comes to Sticky End in the UK
After scandals, collapses, and the government's off-balance-sheet debt.
Today the atrocity porn and Hitler memes that have been so useful in justifying regime change in other countries are being directed with increasing intensity against America's own duly elected president.
Getting rid of Trump isn't going to change a thing. The system itself is rotten. -- RF

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