Tuesday, July 03, 2018

 

News Links, June 4, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Keynesian Economics Is an Artifact of Cheap Energy
Ignore the Bounce, the Financial System is in Serious Trouble
Indeed, by the look of things, we are about to experience a wave of deflation… in years.

US Conducts Successful Field Test Of New Nuclear Bomb
Iran, world powers to hold talks Fri. to salvage nuclear deal
Foreign ministers from Iran and five world powers will meet in Vienna on Friday to try to salvage a 2015 nuclear deal now at risk after the United States pulled out and said it will impose fresh sanctions against Tehran, a diplomatic source involved in the talks said Tuesday.
That Time Hillary Clinton Removed John Bolton's Favorite Terror Cult From The Terrorist List
Anti-Trump Leftist Wins Mexico Presidency in Landslide
A NATO summit approaches that brings Donald Trump to Europe and then on to these shores, and brings the usual clamour for more of the taxpayers' money to be given to arms manufacturers. Yet NATO is a demonstrably useless institution.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests Turn Violent After Anti-ICE Demonstrators Arrested In Philadelphia

## Energy/resources ##
Yet analysts are not as sure as the Saudis that the country has so much spare capacity. In fact, many doubt Saudi Arabia could increase its production by more than 1 million bpd.
Survey investigates Germany's preferred energy partners
"We need more natural gas in Germany – as a partner for renewables", sums up the outcomes of a survey carried out by the independent forsa market research institute in May 2018 on behalf of Wintershall. This reveals that the majority of Germans doubt that the planned energy transition in Germany – the so-called Energiewende – is running smoothly.
Delhi May Face Blackout Due to Coal Shortage, Says Power Minister
It was the second time in the season that such a warning was issued. In May also, the issue had arisen as the coal reserves of the national capital had been reduced to a day.
Former US Envoy to Moscow Calls Intelligence Report on Alleged Russian Interference 'Politically Motivated'
Prominent journalists and politicians seized upon a shabby, politically motivated, "intelligence" report as proof of "Russian interference" in the U.S. election without the pretense of due diligence, argues Jack Matlock, a former U.S. ambassador in Moscow.

## Systemic breakdown/collapse/unsustainability ##
Govt economic advisor warns British defence planners that growth is ending
Study charts the protracted collapse of industrial economic growth and why prosperity must be built on a new economic model. And no, the Singularity won't save us.
The Rise of Bullshit Jobs
A bullshit job is a job which is so pointless that even the person doing the job secretly believes that it shouldn't exist. And there are more now than ever.
But imagine the unemployment rate if all these people doing BS jobs were on the street! So, clearly, BS jobs serve an important function for society, and they make government employment statistics look much better. Wink! -- RF

## Japan ##
Japan manufacturers' morale worsens for a second straight quarter, survey shows
Japanese companies are growing pessimistic as consumers refuse to shoulder rising materials and labor costs, raising questions about whether the businesses will make planned investments in technology to increase efficiency.
US pushes Britain to spend more on military or warns France will be 'partner of choice'
The US defence secretary said Washington is concerned the UK's power and influence is 'at risk of erosion'
Tesla Stops Critical Brake and Roll Test to Meet Production Goals
Tesla likes to cut corners. Following news it eliminated 300 welds, comes news it stopped a brake and roll test.




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