Sunday, October 07, 2018

 

News Links, October 8, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
India Explores Ditching Dollar Oil Trade With Russia, Iran, Venezuela
Australia Auto Crash on Top of Housing Crash
New car sales in Australia are down for the sixth consecutive month. The real numbers are worse.
The "VaR Shock" Is Back: Global Bonds Lose $880 Billion In One Week

Mattress Firm is about to close more than 200 stores — here's a map of where they are

## War on cash/cashless society/cryptocurrencies ##
Government Tracking of Crypto Is Growing, But There Are Ways to Avoid It

## Fault lines/flashpoints/powder kegs/military/war drums ##
White House warns of 'domestic extinction' of suppliers in industrial base report - and DoD is ready to help with cash
Over the long term, the industrialized military is endangered by net energy decline, but the short-term danger is failure of the global financial system. Because everything is financed by and paid through financial institutions, breakdown of the financial system will be a devastating blow to the defense industry (not to mention all other sectors). Indeed, it could well trigger the cascading failures that lead to collapse. Anyway, as for the military, in the long run it will be back to horses. -- RF
US Commerce's Ross eyes anti-China 'poison pill' for new trade deals
This is outrageous. As with the use of SWIFT and sanctions, the US is effectively telling other countries whom they may or may not trade with. And you can bet that "non-market" will be arbitrarily interpreted. -- RF
Several nations, including India and Iraq, have been seeking waivers form the US, while the European Union, China, and Russia have indicated they'll just defy the sanctions outright.

The bottom line is that the US perceives its Iran sanctions could backfire, and it's desperate to make oil-producing countries help with the sanctions. -- RF

## Intelligence/security/internet/cyberwar ##


## Systemic breakdown/collapse/unsustainability ##
The Dynamics of Decadence
In the present era of decadence, Universal Basic Income (UBI) is the modern equivalent of Bread and Circuses.
Could Donald Trump be the Last World Emperor? States and Empires After the End of the Fossil Age
Seven times! It's a fiscal disaster! And it's bad news for the Olympic games system, too. -- RF
Organizers acknowledged a year ago that levels of E. Coli were up to 20 times above acceptable levels set by international sports federations, and fecal coliform bacteria were seven times over the limit.

America's new aristocracy lives in an accountability-free zone
Accountability is for the little people, immunity is for the ruling class.

And finally (today's theme: shredding)...




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