Tuesday, June 05, 2018


News Links, June 6, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
World's Biggest Hedge Fund: "We Are Bearish On Almost All Financial Assets"
Citibank, Deutsche Bank, ANZ to Fight Possible "Criminal Cartel" Charges in Australia
There's unconfirmed speculation JPMorgan may have been granted immunity as the whistleblower.
What Patient Zero, Japan, Can Tell Us About China & The Developed World At Large
The primary driver behind these trends is net energy decline. -- RF
Does Anyone Else See a Giant Bear Flag in the S&P 500?
The venture with Vietnam, Cambodia, Myanmar and Laos will start operation in 2019

Smelly Airline Passenger Forces Emergency Landing As Fellow Travelers Vomit and Faint
A passenger jet was forced into an emergency landing on Tuesday as panicked travelers fainted in their seats and vomited in the aisles.
## Fault lines/flashpoints/powder kegs/military/war drums ##
US ambassador to Germany says he wants to 'empower' conservatives in Europe
U.S. Ambassador to Germany Richard Grenell said he wanted to "empower" conservatives in Europe, Breitbart News reported.
Sounds like meddling to me. -- RF
No sanctions? -- RF
Myanmar risks falling into a China debt trap
Beijing's plan to build a US$7.5 billion deep-sea port at Kyaukpyu is raising concerns about the project's pricing, terms and strategic motivation
More China-funded infrastructure projects scrutinized in Malaysia
A fraction of the work has been done but 90% of the budgets are gone

## Migrants/refugees ##
Paris police evacuate two more migrant camps

## Global unrest/mob rule/angry people/torches and pitchforks ##
24 public buses burned in Brazilian state in 24 hours
Just imagine the potential for abuse. -- RF
Although improving efficiency is good, it won't change anything over the long term because it's a band-aid solution. It's necessary to redesign economies and societies, stop urban expansion, rein in human population growth, and substantially reduce energy consumption. -- RF

## Intelligence/security/internet/cyberwar ##
For all the hype, blockchain applications are still years, even decades away
Is Facebook helping Vietnam suppress online dissent?
Activists say the US social media giant is obliging Communist Party requests to block and take down democracy and rights-related content
Amid 'Russiagate' Hysteria, What Are the Facts?
We must end this Russophobic insanity.
The Naksa: How Israel occupied the whole of Palestine in 1967

## Propaganda/censorship/fake news/alternative facts ##
Whoever Controls The Narrative Controls The World
This alarm over fewer babies is terribly misplaced, and you can find any number of hyperventilating articles like this. Governments are desperately propping up their moribund economies with cheap tricks like super-low interest rates and panicky money printing. In the mistaken belief that immigrants will save the day, they'll bring in people who will later just become targets for "stealing jobs." The correct solution is letting populations and economies decline gracefully in a way that is coupled to net energy decline. Collapse (in the sense used by Joseph Tainter) is the best medicine. -- RF
Japan's tightrope walk to crypto legality
As the global crypto trading clampdown continues, Tokyo is amending existing laws to create a robust regulatory framework that includes ICO launches
With landmark UK embassy planned for East London, China rides the river of history full circle
London is getting a new landmark on an historic site – one of the biggest Chinese embassies in the world.
The surreal moment the Guardian destroyed the Snowden files
GCHQ insisted on purely symbolic act despite knowing the information was already elsewhere

## US ##
Medicare will become insolvent in 2026, U.S. government says
Medicare will run out of money sooner than expected, and Social Security's financial problems can't be ignored either, the government said Tuesday in a sobering checkup on programs vital to the middle class.
This growing problem threatens to delay your retirement
More than 70 percent of people aged 56 to 61 in 2010 were in debt, up from 64 percent in 1994.

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