Thursday, July 12, 2018


News Links, July 13, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Today's indications seem to suggest that an even more major recession than the Great Recession may strike in the not too distant future.

## War on cash/cashless society/cryptocurrencies ##
Officials would like to track 100% of what you do with your money, and the banks would like to charge a fee on 100% of those transactions. Those motivations are at the root of the today's war on cash – the push to eliminate paper cash and replace it with electronic transactions.
Bitcoin mining costs to outpace Bitcoin price?
Iran Could Become First Country Forced to Use Bitcoin

## Fault lines/flashpoints/powder kegs/military/war drums ##
Trump's Criticism of NATO Ignores the Real Questions
Donald Trump's bluster at the NATO summit only has to do with money, not whether the alliance serves any genuine security purpose
State Department Hints Iran Sanction Waivers Possible
Turkey defiant on purchase of Russian S-400 anti-missile weapon
"We believe it (the pipeline) would undermine Europe's overall energy security and stability by providing Russia another tool for the political coercion of European countries, especially Ukraine," warns the US State Department, but what is the threat of sanctions if not political coercion? -- RF
But I will tell you this, at a certain point, they're going to call me and they're going to say 'Let's make a deal,' and we'll make a deal.'
There was a deal, but the US welched on it. The Iranians have little incentive for another deal with the Americans because they know from experience that the US will likely not honor it. -- RF
Saudi Arabia Issues Royal Pardon for Everything Soldiers Have Done in Yemen
China's silky charming of Arabia
President Xi Jinping has promised more than $23 billion in loans and aid to Arab states, as Beijing ramps up ties with the Middle East; this includes aid for Palestine; Beijing foresees importing a whopping $8 trillion from Arab states up to 2025
Syria Sitrep - Army Liberates Daraa City

## Global unrest/mob rule/angry people/torches and pitchforks ##
Trump protesters descend on London for huge rallies following president's arrival

## Energy/resources ##
A Storm Is Brewing For U.S. Oil Exports
And after the inevitable financial collapse it will get a lot worse. -- RF

## Intelligence/security/internet/cyberwar ##
Hacker Caught Selling Maintenance Manuals for Military Drones
Still more questions await answers from the UK authorities. Hey, Britain! Where are the answers? And for that matter, where are the Skripals? -- RF

## Systemic breakdown/collapse/unsustainability ##
Could "Super Suits" For Baby Boomers Defuse The Demographic Time Bomb?
Continue working even after you drop? -- RF
Fish for flour? Barter is the new currency in collapsing Venezuela
Don't laugh; learn. -- RF

## Japan ##
MUFG mulls job cuts at brokerage business overseas
Disasters set off by torrential rains have become more frequent in Japan, perhaps due to global warming, experts say.
Net energy decline in action. -- RF
China has its currency to use as a weapon in trade war with Trump

## UK ##
What IBM Said about the IT Chaos at UK Bank TSB and Owner Sabadell, Now in its 12th Week
Although I don't understand why it's "Trumpian" disregard. As far as disregard for the planet goes, Trump is no worse than most world leaders. I'm no fan of Trump, but it seems he's being used as a scapegoat to let other politicians off the hook. -- RF
No-deal Brexit could trigger Northern Ireland energy crisis with 'electricity generators on barges in sea'
Emergency operation could see equipment being brought back from places like Afghanistan

## US ##
Real Hourly Earnings Decline YoY for Production Workers, Flat for All Employees
Today's CPI report that shows inflation rose only 0.1%. Real wages are not keeping up even with that.

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