Sunday, June 10, 2018


News Links, June 11, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Check out the charts. I only hope decline is go graceful, but it's likely world governments will aggravate the situation. -- RF
Swiss voters reject campaign to radically alter banking system
A radical plan to transform Switzerland's financial landscape by barring commercial banks from electronically creating money when they lend was resoundingly rejected by Swiss voters on Sunday.

## Cut, baby, cut! ##
Humans Need Not Apply: AI to Take Over Customer Service Jobs

## War on cash/cashless society ##
India's bitcoin boom is fueling a surge in cryptocurrency crime
Cryptocurrencies Losing Real Money to 51% Attacks

## Airline death spiral ##
Flyers' rights hit turbulence
Why does South Korea want a blue-water navy?
South Korea, too, is building up its battle fleet – but is it expecting to defend against North Korea, against China or even against neighbor Japan?
"It's crazy and astonishing to see instruction coming from Washington to Saudi to act and replace a shortfall of Iran's export due to their Illegal sanction on Iran and Venezuela," Kazempour said.
An auction for rights to tap into the oil basins off the coast of Brazil highlights the country's prospects for those with deep enough pockets, analysis found.
Ecuador To Sell A Third Of Its Amazon Rainforest To Chinese Oil Companies
Indigenous groups claim they have not consented to oil projects, as politicians visit Beijing to publicise bidding process

## Got food? ##
The economics of fishing the high seas
Our results suggest that fishing at the current scale is enabled by large government subsidies, without which as much as 54% of the present high-seas fishing grounds would be unprofitable at current fishing rates.
The UN forecast was never realistic because it ignores energy reality. But even the Deutsche Bank prediction of 8.7 billion humans in 2055 is doubtful. War, famine, and disease will thin the human population before then. -- RF

## Intelligence/security/internet/cyberwar ##
HART: Homeland Security's Massive New Database Will Include Face Recognition, DNA, and Peoples' "Non-Obvious Relationships"
The U.S. Department of Homeland Security (DHS) is quietly building what will likely become the largest database of biometric and biographic data on citizens and foreigners in the United States.
This Is the Week that the Drone Surveillance State Became Real
Not only do local police now have access to drones, but footage from those flying cameras will be automatically analyzed by AI systems not disclosed to the public.

## Propaganda/censorship/fake news/alternative facts ##
Fact-Checking the "Fact-Checkers": Snopes & Politifact Said I'm a Big Fat Liar, But Let's Look at THEIR "Facts"

## Systemic breakdown/collapse/unsustainability ##
The Politics of Pretense: The Status Quo Is the Problem, But It Can't Be Touched
Ultimately, all doomed ruling elites face the same problem: there isn't enough money to fund their take and fuel the vast machinery of power.
New Study: Climate Change Could Be the Ultimate Civilization Killer
US demands Japan reduce its plutonium stockpiles
Trump-Kim summit raises questions about Tokyo's nuclear exemption

## China ##
It seems, there are greater similarities between China and the US than may be visible at first glance. China builds real estate for a shrinking population, invests for an overindebted client (the US, which even insists on a drastic reduction of the bilateral trade deficit) and finances all this with money it does not have.
Going it alone: China government orders farmers to increase soybean acreage
China to accelerate reforms of state-owned 'big beasts'
Debt and international trade disputes with the US and EU, as well as  criticism over Belt and Road projects, force Beijing to restructure SOE sector

## UK ##

## US ##
Suicide rates are up 30 percent since 1999, CDC says
Only half of people who died by suicide had diagnosed mental health conditions.
U.S. sending 1,600 immigration detainees to federal prisons
No surprise here. Childraising is an energy-intensive endeavor. As net energy decline proceeds, expect a continuing birthrate decline. -- RF

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