Sunday, August 05, 2018


News Links, August 6, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Nigeria has taken its first steps in adopting China's yuan as a reserve currency

## Cut, baby, cut! ##
Symantec cuts 8 percent of workforce, slashes revenue forecast

## War on cash/cashless society/cryptocurrencies ##
Bitcoin Needs to Hit $213,000 to Replace Money Supply, UBS Says
Intercontinental Exchange Announces Bakkt, a Global Platform and Ecosystem for Digital Assets
Don't get excited. In the long run this is meaningless because eventually there will be no internet. -- RF
Cashless schemes always seem to use the Little People as pawns to advance the interests of governments and financial institutions. And there is no mention here of the inevitable other uses of cashless systems such as spying on the citizens, databasing all their financial transactions, skimming by charging fees on every transaction, and sanctions on individuals. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
Why is the US trying to bully Pakistan with empty China threats?
US Secretary of State Mike Pompeo warns Islamabad against using IMF money to pay back Beijing as Washington loses influence in a country that was once its top ally in the region
Senate Passes Bill to Enshrine $38-billion Military Aid Package to Israel Into Law
China says willing to team with Syria's Assad in push to retake territory
Diplomat relays message that Chinese military ready to help 'in some way' as campaign moves north
As governments worldwide grow more corrupt and increasingly less able to deliver, civil unrest will become the norm. -- RF

## Energy/resources ##
The U.S. Oil Production "Mirage"
Some of the surge in U.S. oil production this past spring might have been "a mirage."
It seems that the benefits will not justify the cost.

The biggest problem with EVs is that they're just the same old industrial consumerism clothed in new garb. -- RF

## Intelligence/security/internet/cyberwar ##
Canada Expands Biometrics Requirement to 150 Countries
The Mystery Fixer Who is Negotiating an End to the Syrian War
A nearly unknown businessman named Khaled al Ahmad became Damascus' secret liaison to the West and has quietly been dealing Syria's grinding war to a close.
Waste of money. -- RF
Japanese not so polite any more? Companies fighting back against unruly customers
Rural crime soars as thieves target farms and country businesses
The cost of rural crime has soared to more than £44 million with organised gangs stealing farm vehicles and equipment and even targeting country businesses during busy shift changes to cover their tracks.

## US ##

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