Tuesday, July 10, 2018

 

News Links, June 11, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Pakistan's Indebted Economy Careens Toward Another IMF Bailout
US Debt Explosion & Weimar II
US consumer borrowing up $24 billion in May
Why Italy could be facing a disastrous new recession
World Bank Solution for Lack of Jobs: Cut Worker Protections
Third of sovereign funds plan to cut equity holdings, cite trade war fear

## War on cash/cashless society/cryptocurrencies ##
Nobel-winning economist: Authorities will bring down 'hammer' on bitcoin
As I said on March 23, governments will try to either control cryptocurrencies or outlaw them. -- RF
Sichuan floods slow down global Bitcoin production rates
Worldwide Bitcoin 'hashrates' fell after heavy rain hit western China. Despite PRC crackdowns, China mines still produce most of the world's Bitcoin
Israel Bulldozes Khan Al Ahmar and Buries the Two-State Solution
In the midst of tepid Western criticism, Israel is finally realizing its decades-old goal of splitting the West Bank in two, while putting an end to the fiction of a two-state solution.
Russia Is Building $320 Million Icebreakers to Carve New Arctic Routes
The 1,000-foot-long vessels for hauling liquefied natural gas can cut through ice up to 7 feet thick.
The Broader Implications Of U.S. Sanctions On Iran
Iran Sanctions Are Different This Time
The Trump administration is trying to replicate the Obama-era strategy of shutting in Iranian oil exports as a way to pressure the regime into making a series of concessions. But there are several reasons why Trump may not succeed.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Headless Robespierre's Cautionary Tale For The 'Alt Left' Unleashed On America
Americans in UK warned to keep 'low profile' during Trump visit
The U.S. Embassy in London issued an alert on Tuesday to Americans in the British capital, warning them to keep a low profile during President Donald Trump's visit later this week in case protests against him turn violent.
RIOTS: 3 Places All Hell Has Broken Loose in the Last Few Days

## Energy/resources ##
More sword dances needed: Saudi Arabia was supposed to pump almost 14 mb/d in 2018
Rebuild the US minerals supply chain before it's too late
If tit-for-tat tariffs don't result in detente, Beijing could cripple America's industrial supply chain by placing an embargo on minerals and metals exports, particularly rare earth minerals. 
Demand for batteries in everything from smartphones to electric cars has driven up the price of the once obscure element cobalt, fueling fears of a shortage.

## Got food? ##
One in three fish caught never makes it to the plate – UN report
One in three fish caught around the world never makes it to the plate, either being thrown back overboard or rotting before it can be eaten, according to the UN Food and Agriculture Organization.

## Solutions ##
A Year Ago I Wrote About Cross-Ideological Collaboration. Here's How It's Been Going (Caitlin Johnstone)

## Environment/health ##
The Americans were blunt: If Ecuador refused to drop the resolution, Washington would unleash punishing trade measures and withdraw crucial military aid. The Ecuadorean government quickly acquiesced.
There may be politics but there is no debate: Breastfeeding is the best health option
How Trump is Reshaping US Foreign Policy
Trump's policies are shaping America's relationship with the world in major ways even if those policies don't exhibit a consistent strategy.
It is not Greenwald's fault that RT and Fox News will give him a platform to share his criticisms of the US war machine, the intelligence community and the new cold war but MSNBC and CNN will not. The fact that the antiwar left is completely deprived of a voice on Democratic Party-aligned media is the fault of those media outlets and those media outlets only.
Facebook faces £500,000 fine from UK data watchdog
I don't know anything about civilizations on other planets, but here on Earth the answer is a definite yes. Humans live under the sway of their uncontrollable greed. That greed clouds judgment, allowing humans to rationalize all manner of stupid, self-destructive actions. Those of us who survive should prepare themselves for a return to the 17th century. -- RF

## Japan ##
BOJ's Kuroda expresses resolve to keep ultra-easy monetary policy
Flood tears through Japan's supply chain
Opposition offers political cease-fire as fragility of infrastructure is exposed
Dawn Sturgess (Craig Murray)
The illogical, inconsistent and shifting government narrative over events in Salisbury and Amesbury had appeared so ludicrous as to be tragi-comic. Any sense of amusement is now abruptly dispelled. But less us take a serious and sober look at the government case.

## US ##
It's because too much of the borrowed money actually goes to compensate for net energy decline. -- RF
The USA Is Now a 3rd World Nation
Consumer Credit +7.5%, Revolving Credit +11.5%, Non-Revolving +6.25% YoY
Year-over-year expansion of consumer credit continues unabated. It's the only way people can "afford" to buy things.
Welcome to the new U.S. Treasury market, where 75 percent of existing government bonds are now trading below par.
Money, not grades, more likely to get in the way of that college education




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