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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