Thursday, September 27, 2018

 

News Links, September 28, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
US government debt costs may soon eclipse military spending
This is how the illusion of a "booming" economy is created and sustained. -- RF
Greeks Owe A Stunning €182 Billion In Tax Arrears To The State
Ultra-Rich Families Ride Stocks Surge to Double Annual Gains
How a global payment system cashes in on the yuan's increased use – learn Chinese
SWIFT has developed infrastructure to support the Chinese language to connect the world's second-largest economy with international institutions and companies

## Airline death spiral ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iran is my home and the US helped destroy it. Now Trump's war hawks want to finish the job.
Enough with the regime change plotting. It is time for the U.S. government to stop intervening in Iran and let Iranians determine their own destiny.
Nothing to laugh at. The global infinite-growth economy is also a religious belief. -- RF
South Korea's Moon hints at disbanding 'comfort women' foundation
South Korean President Moon Jae-in has called the "comfort women" foundation, established under a 2015 agreement between Japan and South Korea, dysfunctional and suggested the two nations seek ways to close it.

## Global unrest/mob rule/angry people/torches and pitchforks ##

## Environment/health ##

The Magnitsky affair: the confession of a hustled hack
A Cypriot journalist's confession of how he too fell for the wrong account of the Magnitsky Affair
Trump, chairing the Council for the first time since becoming U.S. president, did not provide any evidence for his allegation, which China immediately rejected during the same meeting.

U.S. President Donald Trump this week demanded that the Organization of the Petroleum Exporting Countries raise production to prevent further price rises ahead of midterm elections in November for U.S. Congress members.
Excuse me? In the item just above, President Trump accuses China of election meddling, but here he wants OPEC countries to raise production to favorably influence the US midterm elections. You can't have it both ways. -- RF
Even staunch US ally Japan is pulling away from the US on this matter! -- RF
Why foreign students along the belt and road are jostling to enrol in China's universities
Squeezed out of college places in their home countries and drawn by Chinese scholarships, students from nations along the route of Beijing's massive infrastructure plan are pouring into China, reshaping regional education

## UK ##
If you would like some more laughs at the British government's risible story, this is for you. -- RF
Public pensions are paying higher fees for lower returns, Pew study finds
Public pension plans are spending more than $2 billion a year in fees on high-cost, risky investments to boost returns. But those bets haven't been paying off, according a report Wednesday from the Pew Charitable Trusts.
In reality, the middle class now makes up just over 50 percent of the total U.S. population, according to a recent report from Pew Research Center, which used 2016 data. That's compared to 61 percent in 1971.
Texas AG sides against high school student who didn't stand for Pledge of Allegiance
Durable Goods Order Jump 4.5%, Almost Entirely on Aircraft
Durable goods orders jumped 4.5% in August. Excluding transportation, durable goods orders increased 0.1%.


Tuesday, September 25, 2018

 

News Links, September 26, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
President-Elect of Mexico's Bombshell: Economy in "Situation of Bankruptcy"
Here comes the 30-year trade war
Trade tensions between the US and China could drag on for decades but China's focus on its Belt and Road Initiative could provide relief

## War on cash/cashless society/cryptocurrencies ##
In China, 'Bitcoin Girl' cannot live off crypto alone

## Airline death spiral ##
Tensions Grow as China, Russia and Iran Lead the Way Towards a New Multipolar World Order
Military and economic tensions are increasing due to the ramped up warlike stance of the US establishment. The impossibility of halting the shifting world order in favour of prolonging the unipolar moment has left the US deep state reaching for any available weapon at hand, taking no heed of the dangers and consequences of such a reckless foreign policy.
India in talks to join US global development partnership countering China's belt and road plan
Children's remains found in Mexican mass graves
The clandestine sale of oil to NK is not so much about making money (after all, it's a very small market) as it is about keeping NK from collapsing for lack of energy. To the US, which is far away, NK's collapse could be considered a good thing, but to other Far East countries it would be an unmitigated disaster. Waves of desperate refugees would be pouring into SKorea, China, and Russia. And then there is Japan. Boatloads of dead North Koreans are already washing up on Japanese shores. Imagine the influx of boat people if NK collapses. The US government needs to recognize the damaging results of its single-minded obsession with sanctions. -- RF
U.S. sanctions Venezuela officials, Trump slams Maduro
The United States imposed new sanctions on Venezuelan President Nicolas Maduro's wife and several of his top allies on Tuesday as U.S. President Donald Trump urged members of the United Nations to support a "restoration of democracy" in the once-booming OPEC nation.

## Migrants/refugees ##

## Energy/resources ##
How Much Does The U.S. Spend On Defending Global Oil Supplies?
Spread out over the 19.8 million barrels of oil consumed daily in the U.S. in 2017, SAFE states, the implicit subsidy for all petroleum consumers is approximately $11.25 per barrel of crude oil, or $0.28 per gallon. A more extensive estimate by two highly-regarded economists suggests the costs could be greater than $30 per barrel, or over $0.70 per gallon, the report added.
Oil hits four-year high as OPEC, Russia resist output rise to offset Iran sanctions

## Solutions ##
Getting What You Need After SHTF

## Environment/health ##
Our Wireless Tech Is Unsafe, and These 5 US Government Agencies Have Tried to Warn Us
Recycling is an easy cop-out for governments and large corporations, but the truth is that we have to take very different action if we want to stop irreversibly poisoning the planet

## Intelligence/security/internet/cyberwar ##
3 Saudi human rights activists awarded "Alternative Nobel"
...for their visionary and courageous efforts, guided by universal human rights principles, to reform the totalitarian political system in Saudi Arabia."

## Propaganda/censorship/fake news/alternative facts ##
Truth Is Evaporating Before Our Eyes. Does anyone notice? (Paul Craig Roberts)
3 Ways Facebook Is Increasingly Becoming An Arm Of The US Government

## Systemic breakdown/collapse/unsustainability ##
The World's Fragile Economic Condition – Part 1
Well, hallelujah! There are still a few people who have the courage to bring up this vital issue. -- RF
Japan issues warning again against cryptocurrency exchange

## China ##
Hong Kong National Party's call for 'armed revolution' no mere political slogan but a threat to safety and order, security minister John Lee says
Minister elaborates on his decision to ban party, describing how it spread hatred against mainlanders and planned to infiltrate schools

## US ##
American Credit Scores Hit a Record High
The bad news is bank card, mortgage and auto loan debt are all flashing red.
Disappearing Farmland: Small-towns Trade Farmland for Residential Development
Urban sprawl began in the 1950s and has been a concern of city planners and the ag community since the early 1990s. But a new study from American Farmland Trust shows development around small towns across the Midwest has contributed nearly as much to the loss of ag land since 1992 as urban sprawl.


Sunday, September 23, 2018

 

News Links, September 24, 2018

Happy autumnal equinox!

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Investors haven't been this scared about the state of the global economy in nearly 7 years
What Comes Next: Previews of the coming reckoning
A Path To War? China Cancels US Trade Talks As 'Skirmish' Escalates
When Does This Travesty of a Mockery of a Sham Finally End?
Credit bubbles are not engines of sustainable employment, they are only engines of malinvestment and wealth destruction on a grand scale.
HELOCs in the US & Canada: As "Scarred" Americans Learned Bitter Lesson, Canadians Went Nuts
JPMorgan: An economic cold war may be coming
Are you a "UHNW individual"? -- RF

## War on cash/cashless society/cryptocurrencies ##
Multiple Online Banking Systems Go Down in the UK
Payment chaos: For bottom-line-obsessed bank executives, IT systems are an expense to be slashed. The results are in.
How attractive is the "cashless society" looking now? -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
Serbia looks to acquire Chinese drones and the technological know-how
Iran's Revolutionary Guards targeted in Ahvaz military parade
President Hassan Rouhani vows 'crushing response' following gun attack that killed at least 29 and wounded 70.
President Donald Trump's personal lawyer Rudy Giuliani on Saturday said that U.S. sanctions on Iran are leading to economic pain that could lead to a "successful revolution," contrasting with administration comments that government change in Tehran is not U.S. policy.
"We build it for the mere purpose of safeguarding our sovereignty and territorial dignity, but Japan aims to control its neighboring oceans and expand its living space," the report says.
Such BS. All major players on the global chessboard aim to control their neighboring oceans and expand their living space. Any major player which claims otherwise is a bald-faced liar. -- RF


## Global unrest/mob rule/angry people/torches and pitchforks ##
56 Protesters Opposing Supreme Court Nominee Brett Kavanaugh Arrested in D.C.

## Energy/resources ##
Water itself now poses a risk to the already failing financial model of the American fracking industry, and that is something the industry won't be able to ignore.
What happened to crude oil production after the first peak in 2005?
ENOC's jet fuel storage plans show how Iranian sanctions upending oil market
Abengoa Is Back At It
Abengoa, the Spanish green energy giant — with big entities in the US, Canada, Mexico, and other countries — famed for cooking its books with Enron-esque aplomb before collapsing in spectacular fashion a few years ago, is back in trouble.
Russian Oil Production Hits Post-Soviet Record
Vogtle's Escalating Costs Concern Lawmakers, Stakeholders (US)
It will never happen. -- RF

## Got food? ##
As India's Ganga runs out of water, a potential food shortage looms
Groundwater input to the Ganges River has declined by 50% during the summer over recent decades, a new study has found; its dwindling flow could severely affect the availability of water for irrigation and cause potential declines in food production.
Palmer amaranth can grow to be 10 feet tall and as thick as a baseball bat. The weed has evolved resistance to multiple classes of herbicides, and it thrives in fields of corn, soybeans and cotton. Invaded cornfields can face losses of up to 91 percent.

## Solutions ##
Adapting to Life Without Running Water: Lessons from Venezuela

## Environment/health ##
International Appeal to Stop 5G on Earth and in Space
U.S. Justice Department may delay meeting on possible social media bias: source
The Justice Department is considering delaying a meeting with state attorneys general planned for next week to discuss concerns about conservative voices being stifled on social media, according to a person familiar with the discussions.
How long before Americans too get "social credit scores" as in China? -- RF
Medea Benjamin Shows America What Real Resistance Looks Like

## Propaganda/censorship/fake news/alternative facts ##
I have no idea who the Guardian's "anonymous sources" are, but I know 100% for certain that the entire story of a Russian plot to extract Julian from the Embassy last Christmas Eve is a complete and utter fabrication.
Reports on Moscow Plans to Help Assange Escape Are 'Fake News' - Russian Embassy
The New York Times as Judge and Jury
Seeking to maintain its credibility, The New York Times dispenses with the criminal justice system and basic principles of journalism to weigh in again on Russia-gate.
Faking the online debate on Iran
How keyboard warriors target journalists, academics and activists who favour dialogue instead of war with Iran.

## Systemic breakdown/collapse/unsustainability ##
The Next Big Geomagnetic Storm Poses An Astronomical Risk To Modern Man

## Japan ##
SoftBank: More than 10 million e-mails deleted
Japan's major mobile phone carrier SoftBank says more than 10 million e-mails have been lost due to a faulty mail system.

## US ##
Desperate for more tax donkeys. Smaller cities are great — come and live here! Then the influx makes them into bigger cities with all the problems people were fleeing. The solution is fewer humans and a redesigned socioeconomic system. Big cities with big buildings are unsustainable in the first place. -- RF


This page is powered by Blogger. Isn't yours?