Tuesday, June 19, 2018

 

News Links, June 20, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##

## War on cash/cashless society ##
Cashless society looms as debit cards jump into lead (UK)

## Airline death spiral ##
France air traffic responsible for third of Europe delays: report
Hindered by strikes and outdated equipment, French air traffic control is responsible for a third of aviation delays in Europe, Le Parisien said Monday, citing a senate finance committee report.
Iranian Influence In Iraq Grows
Despite 17 years of war, next US commander in Afghanistan sees progress
US withdraws from UN human rights council, calling it a 'cesspool' and alleging bias against Israel
Syria - Ready To Start The Daraa Campaign
Empires can only expand so much, and the US Empire has already peaked. Don't expect any significant developments outside of Earth orbit. -- RF
## Energy/resources ##
Report warns 21 Indian cities will run out of water by 2020
In recent months, however, some companies have started to test their fracking capabilities on oil fields that most agree reached their peak production decades ago. Drillers believe that it's a winning bet. Analysts say it could be a breakthrough for the more challenging chalk  formations in East Texas and Louisiana.
Don't be fooled. This is the same old refrain about "new technologies unlocking new energy sources." If the US had any decent conventional oil reserves left, no one would look twice at this crap. -- RF
There is little meat in this article and virtually nothing (not even a photograph of the device) on their website.  You'd expect at least a video showing the device at work. Yet they want you to plunk down $500. Of course, maybe it's on the level. Still, it won't save industrial civilization. -- RF
Many companies learned the hard way that deep water was not a fun place to play if your checking account was low.

## Got food? ##
Kellogg's Cereal Recall Due to Salmonella
Pros & Cons of Growing Your Own Fruits & Vegetables
But keep in mind that being able to grow your own food could likely be a lifesaver for you and your family. This shouldn't be a decision people make on the basis of current economics. -- RF
Salmonella outbreak tied to melons sold at Costco stores, including several in Wisconsin
US startup raises funds for lab-grown seafood
Scientists scramble to stop bananas being killed off
Gaming addiction joins the organization's list of potentially harmful technology-related behaviors that includes too much use of "the Internet, computers, smartphones" and more.

## Intelligence/security/internet/cyberwar ##
A Call to Bring Julian Assange Home

## Propaganda/censorship/fake news/alternative facts ##
How the Corporate Media Enslave Us to a World of Illusions

## Systemic breakdown/collapse/unsustainability ##

## Japan ##
Empty shelves! Now imagine this happening on a global scale. -- RF
The BoJ has barely any room to manoeuvre as it tries to map a path to roll back its crisis-era stimulus

## China ##
China adds to nuclear arsenal amid military modernisation drive
Country now has 280 warheads, according to think tank, which calls nuclear states' renewed focus on deterrence and capacity 'a very worrying trend'
China's housing 'melt up' continues, as new home prices rocket most in 19 months during May
A Longer View (Craig Murray)
The days of the United Kingdom itself are now numbered...

## US ##
The financial hole for Social Security and Medicare is even deeper than the experts say
Distressed debt funds tap into fears over credit cycle
A growing number of US hedge funds specializing in distressed debt are raising money in anticipation that the next economic downturn will punish companies that have borrowed record amounts since the financial crisis.
The Myths We Tell Ourselves
"We hang the petty thieves and appoint the great ones to public office."




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