Sunday, July 22, 2018


News Links, July 23, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Russian Gold Reserves Climb Another 500,000 Ounces as U.S. Treasury Holdings Fall
Surge in Global Credit Driven by China: Deflationary Bust Coming
Government's already-dismal budget forecast just got 106% worse (US)
Moscow Mystery: Where Did All Its Treasuries Go?
Higher oil prices are threatening the future of a once-burgeoning financial sector
Despite the overtures to the world's top sorghum buyer, no deals were struck over the meal, held at the home of the head of the Texas Sorghum Producers. The normally brisk sorghum trade between the two countries has ground to a halt as tensions mount between Washington and Beijing.

## War on cash/cashless society/cryptocurrencies ##
Backlash Against "War on Cash" Reaches Washington & China
The electronic-payments industry, which gets a cut from every electronic transaction, wants to kill cash. But wait…
India's cryptocurrency saga enters a crucial phase in the supreme court today
PayPoint goes down leaving over a million people without gas and electricity (UK)
Many stores are unable to process payments for the services

## Airline death spiral ##
JetBlue Eliminates Jobs in Step Toward $300 Million in Cost Cuts

## Fault lines/flashpoints/powder kegs/military/war drums ##
China is waging a "quiet kind of cold war" against the United States, using all its resources to try to replace America as the leading power in the world, a top CIA expert on Asia said Friday.
Times change. -- RF
Pentagon announces $200 million in aid for Ukraine
Iran nuclear chief says uranium stockpile reaches 950 tons
Chinese president visits UAE amid push to increase influence
Israel Declares Itself Apartheid State
Merkel: Europe Can't Rely on US to Impose World Order
Speaking at a news conference in Berlin, Germany Chancellor Angela Merkel warned that Europe can no longer rely on the United States to impose order worldwide, and that European nations need to be ready to take matters into their own hands.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Peruvian villagers demand justice, set court files on fire
Wind drought: Lack Of Wind Leaves UK Turbine Investors Short-Changed
It's been a stifling summer of disappointment for investors in the UK's wind farms, which a heatwave has put at a standstill that's seen a major drop in power generation eat away at millions of pounds in profits.
Though volatile, supply-side woes resurface to push oil prices higher
We expect to see a deficit in oil supply by the end of the year because of declines from major global producers, a market analyst said Friday.
"Despite OPEC's recent decision to increase production, the global supply base continues to weaken from geopolitical pressure to remove Iranian production from the market, no apparent resolution to falling production in Venezuela, and Libyan exports continuing to be volatile."
Iowa, which usually averages about seven tornadoes in the month of July, saw 27 reported twisters rip through the state Thursday night, damaging buildings, overturning cars and rupturing gas lines.

## Intelligence/security/internet/cyberwar ##
Inside WikiLeaks: Working with the Publisher that Changed the World
Italian journalist Stefania Maurizi has worked with WikiLeaks for nine years on the Podesta emails and other revelations. Here's an insider's view of the publisher that has incensed rulers around the world, desperate to hide their corruption.
A real-time satellite-based surveillance of ships has gone live
Italian firm Leonardo launches a new ocean surveillance platform. The defense company said the new platform can view the exact position of a vessel at any moment.
Iraq Orders Internet Blackout To Quell Protests
Meanwhile, About Those Other Issues at the Summit
They actually held a Russian-American summit in Helsinki on Monday to talk about life and death issues, though you wouldn't know it from the corporate media.
Facebook suspends another analytics firm amid questions over surveillance
Clapper: Obama Was Behind The Whole Thing
Former Director of National Intelligence (DNI) James Clapper admitted in a CNN interview Saturday that former President Obama instigated the ongoing investigations into Donald Trump and those in his orbit.

## Systemic breakdown/collapse/unsustainability ##
The Schizophrenic Deep State is a Symptom, Not the Disease
If we understand the profound political disunity fracturing the nation and its Imperial Project, we understand the Deep State must also fracture along the same fault lines.

## Japan ##
Heat wave has Tokyo residents concerned about Olympics
China's yuppies think US$462,300 needed to raise, educate a child, study shows
High stress levels are seen among young urban Chinese families who anticipate setting aside 3.1 million yuan to fund their children's education, marriage and first home, survey finds

## UK ##
Subsidies for new household solar panels to end next year
Renewable energy installations will no longer benefit from feed-in tariff, ministers confirm
UK using child spies in police operations
PayPoint: Energy payments fixed for customers
Customers were left without gas and electricity after PayPoint terminals across the country went down.
America The Insolvent
A reckoning is due. One the elites are already readying for.
"What's Next, Air?" - NJ Dems Weighing Water Tax To Help Fix Pensions
Warning signs rise for an end to stock market's potential record-setting bull run
The New Handmaids of the Warfare State – Dems and the Liberal Media (David Stockman)
If you want to know why America is going to hell in a fiscal hand basket, it's because the last vestige of opposition to the Warfare State and the fiscal muggings of the military/industry/intelligence complex has utterly evaporated.

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