Thursday, February 28, 2019


News Links, March 1, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global stocks fall on China weakness, tempered trade hopes
Bubble Warning: Property Prices In Dubai Continue To Plummet
As with places like Singapore, Dubai offers hardly any way for people to survive post-SHTF. -- RF
Recession Signal Getting Louder: 5-Year Yield Inverts With 3-Month Yield (US)
Survival of the Richest
Nomi Prins tracks the acute worsening of inequality since the 2008 financial crisis.

## War on cash/cashless society/cryptocurrencies ##
The Demise of Physical Money: A Retail Worker's Perspective
Even the three- and four-hour limits are inordinately long, and show that the skies are already overcrowded. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. Army estimates Russian capability will peak in 2028, China's in 2030
The U.S. Army estimates the Russian army's military capabilities will peak in 2028, closely followed by the Chinese around 2030, giving the United States almost a decade to prepare for those threats, a senior Pentagon official said in an interview on Monday.
All countries are affected by net energy decline, including the US, which therefore cannot expect to have an edge. Expect the further development of the multi-polar world. -- RF
China, Russia and the United States have urged both sides to stand down and to deescalate the situation.
These three powers largely control the world. But it's highly unlikely they will take any substantive action toward nuclear disarmament, despite the extreme danger of this situation. Add to that the eventual explosions of nuclear power plants around the world due to inevitable grid failure. Nuclear technology: the gift that keeps on giving. -- RF
With Oil, Water and Iran as Targets, US on Brink of Recognizing Israeli Sovereignty Over Golan Heights
Israel is now pushing for the U.S. to recognize its sovereignty over the Golan for fear of losing it completely, even though such recognition could result in an all-out war between Israel and Syria, as well as with Syrian allies such as Iran and Lebanon's Hezbollah.

## War on Venezuela ##
Debunking the Lies About the Venezuela Humanitarian Aid Showdown
By provoking a series of violent confrontations along the Colombian and Brazilian borders, the Trump-backed opposition has managed to manufacture a false narrative designed to delegitimize the Maduro government and justify further foreign military intervention.
Australia's Green Power Profit May Be Under Threat
The profitability of Australia's first wave of renewable power projects may be threatened as lenders will likely push for some deleveraging when they come up for refinancing, according to the former chief risk assessor at the nation's green bank.
Banks around the world opt to offload coal
One-hundred global financial institutions have introduced policies restricting coal funding, according to a new report. Coal companies are finding it harder to access capital markets for expansion, but China still lags.
Thus, we are essentially limited to existing technologies if we want to reverse climate change by 2050. This is an important reality check for those who subscribe to technocentric energy transition scenarios.
The military emphasizes safety and trouble-free operation, but also acknowledges that such a reactor is "not expected to survive a direct kinetic attack."

## Environment/health ##
Plastic found in deepest ocean animals
Animals living in the deepest ocean trenches have been found with plastic fragments in their gut, according to new research published Wednesday showing how manmade pollution reaches into the bowels of the planet.

Police in Canada Are Tracking People's 'Negative' Behavior In a 'Risk' Database
The database includes detailed, but "de-identified," information about people's lives culled from conversations between police, social services, health workers, and more.

## Propaganda/censorship/fake news/alternative facts ##
The Holes in Jorge Ramos' Story About His Clash with Nicolas Maduro
Univision's Ramos claims that his belongings were confiscated and his phone was wiped. Miraculously enough, and conveniently for Ramos' story, the footage that allegedly enraged Maduro survived.
Council of Europe says keep Russia in bloc to fight fake news
White House bars four reporters from Trump-Kim dinner
The White House barred reporters from Reuters, the Associated Press, Bloomberg and the Los Angeles Times from covering a dinner between President Donald Trump and North Korean leader Kim Jong Un on Wednesday after two of them asked Trump questions during his initial interactions with Kim.

## Systemic breakdown/collapse/unsustainability ##
The Doomsday Scenario for the Stock and Housing Bubbles
It was always folly to believe that inflating asset bubbles could solve the structural problems of a post-industrial economy.

## UK ##
The International Court of Justice in The Hague has handed down a momentous judgement that says Britain's colonial authority over the Chagos Islands is no longer legal.
GDP Rose by $1.0 Trillion in 2018, US Gov. Debt by $1.3 Trillion
Where would GDP growth be without federal borrow-and-spend?
Yellen warns of corporate distress, economic fallout
Former Federal Reserve (Fed) Chair Janet Yellen warned on Tuesday that America's corporate debt binge could end up sparking a deeper recession when the next downturn hits.
Non-Military Federal Agencies Under Trump Expand Already Enormous Arsenals
Given that during the height of the Iraq War the Army used around 6 million rounds per month, with its planned purchase of 1.6 billion rounds, DHS would have ammo left over after matching the Army's peak daily outpouring of hot lead for two solid decades.
Expecting unrest, are we? It's a tacit admission that the government expects things to get very ugly. -- RF
America's Cities Are Running on Software From the '80s
Even San Francisco's tech chops can't save it from relying on computers that belong in a museum.
Massive cuts to Social Security: This is the 'wall' Americans should worry about

Tuesday, February 26, 2019


News Links, February 27, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The US and China may be nearing a trade deal. That won't stop the global economic slowdown
The printing press doesn't create real resources, it only obscures the method by which the government siphons them away from the private sector.
Indeed so. But the biggest problem is that here, as with other theories of money, people still believe that money makes the world go around. It is actually energy that drives the economy; money is just tokenized energy. Printing more money doesn't create more energy. It just debases the currency. -- RF
All Heck Breaks Loose After Spanish Banks Block Thousands of Accounts with Chinese Names & Folks Can't Get to Their Money

Emerging data strongly suggests the job-creation engine is significantly cooling.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Can AIPAC sell Netanyahu's Kahanist Terrorists to Middle America?
Putin rattles sabre as nuclear pact collapses
Russian President warns West that deploying missile launchers in Europe could ignite 'tit for tat' response

## War on Venezuela ##
Cripple the economy with sanctions, blame the result on the elected leader. -- RF
Attaching the Crisis Group piece is an apt display of the utter stupidity of Richard Haass. That's because the report completely contradicts his argument.
Burning Aid: An Interventionist Deception on Colombia-Venezuela Bridge?
Sen. Marco Rubio and coup leaders claim the Venezuelan National Guard burned US aid trucks on the bridge in Colombia. But all available evidence points in the opposite direction.
But don't call it meddling. -- RF

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests flare in India at eviction of a million forest families

## Energy/resources ##
Gunmen Attack Anadarko LNG Project In Mozambique
A common mistake about hydrogen is that it's an energy source instead of an energy carrier.
While there are some drillers that are profitable, taken as a whole the industry has been cash flow negative essentially since its beginning in the mid-2000s. For instance, the IEA estimates that the shale industry posted cumulative negative free cash flow of over $200 billion between 2010 and 2014.
Kurdistan Continues Oil Exports To Iran Despite U.S. Sanctions
Iraq's semi-autonomous region of Kurdistan continues to keep oil exports and economic relations with Iran despite the U.S. sanctions on Tehran, a spokesperson for the Kurdistan Regional Government (KRG) has said.
The energy return on corn ethanol is so low as to make it totally useless in sustaining industrial society. -- RF
The conspiracy behind Myanmar's stolen teak
New Environmental Investigation Agency research reveals the criminal network behind one of the world's most egregious precious timber heists
A World Without Clouds
A state-of-the-art supercomputer simulation indicates that a feedback loop between global warming and cloud loss can push Earth's climate past a disastrous tipping point in as little as a century.

## Intelligence/security/internet/cyberwar ##
Huawei security row overshadows annual telecoms gathering
Europe calls for facts not fears in Huawei security row
Facts not fears should decide the future of telecoms network security in Europe, industry leaders and policy chiefs said this week, brushing off U.S. calls for a ban on Chinese vendors.
It looks a lot like Amazon wants to hide Alexa inside your web router
The latest smart home innovation puts Alexa inside your router. But why does Amazon's voice assistant need to be there?
The digital fence enabled Evers' team to push ads onto the iPhones and Androids of all those attending the meeting. Not only that, but because the technology pulled the unique identification numbers off the phones, a data broker could also use the digital signatures to follow the devices home. Once there, the campaign could use so-called cross-device tracking technology to find associated laptops, desktops and other devices to push even more ads.
No One Is Safeguarding Your DNA
A person's privacy can be compromised if a third or fourth cousin takes a home DNA test.
A.I. Take the Wheel: Backseat Driver Technology Will Monitor You INSIDE Your Car

## Systemic breakdown/collapse/unsustainability ##
You Can't Stop the Cycle

## Japan ##
Okinawa referendum rejects relocation for US military base
Measles outbreak in Japan exceeds 220 cases
Japanese Refiners Rush to Buy Iranian Crude
Japanese refiners are in a rush to buy as much Iranian crude as they can before the sanction waiver window granted by the U.S. Treasury Department closes in May, S&P Global Platts reports, citing unnamed sources.
Now that Housing Bubble #2 Is Bursting...How Low Will It Go?
Unless the Fed is going to start buying millions of homes outright, prices are going to fall to what buyers can afford.

Sunday, February 24, 2019


News Links, February 25, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Trade Pain Stings Export Economies From Japan to Germany
All the gold in the world mined since the dawn of time adds to about 190,040 tonnes or 6.7 billion ounces. At the current per-ounce price of about $1,300, the world's goal hoard worth over $8.5 trillion would be not enough to pay off the U.S. debt accumulated between 2009 and 2016.
"New Economic or Financial Crisis" in the Eurozone Could Start in Italy: French Government Frets
While contagion is definitely contained, the Eurozone "is not sufficiently armed to face a new economic or financial crisis." French banks are heavily exposed to Italy.

## War on cash/cashless society/cryptocurrencies ##
Cryptocurrency companies use 'backdoor' listings to ease into mainstream
How Can Bitcoin Be Lost Or Stolen When It's In An Immutable Encrypted Distributed Ledger?

## Airline death spiral ##
Pilot drinking again delays ANA flight despite new rules

## Fault lines/flashpoints/powder kegs/military/war drums ##
China Sticks Up For Iran As Geopolitical Pressure Mounts
America: 'Indispensable Nation' No More

## War on Venezuela ##
Crush their economy and then offer them "aid." -- RF
The War on Venezuela is Built on Lies
The reporter as clown — for whom the truth is too difficult to report —may be the final stage of much of mainstream journalism's degeneration, writes John Pilger.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Haiti police fire rubber pellets at mourners as protests resume
The real story here is that supertanker owners are becoming dependent on a money-losing industry to sustain themselves. -- RF
Wild cats, boas are obstacles in Mexican president's refinery race
Canada's Barrick considers buyout of rival Newmont Mining
Canada's Barrick Gold Corp said on Friday it considered making an all-stock bid for U.S. rival Newmont Mining Corp, a deal that would create a monolith in the global gold sector and likely push smaller peers to start buying each other.
India reiterates plan to stop sharing water with Pakistan
New Delhi's move to halt water flows to Pakistan is to pressure its neighbour after a militant attack in Kashmir.

## Got food? ##
Agribusiness Is the Problem, Not the Solution
I have no counterargument on the problems with agribusiness. But the belief that currently overflowing granaries means that state will continue is mistaken. The impacts of global warming (or global cooling) aside, the death of modern agriculture will come from net energy decline. Once the diesel fuel shortages arrive, we'll hear the death knell of industrialized agriculture. -- RF
World's food supply under 'severe threat' from loss of biodiversity
The world's capacity to produce food is being undermined by humanity's failure to protect biodiversity, according to the first UN study of the plants, animals and micro-organisms that help to put meals on our plates.
As bankruptcies rise, farmers and lenders hope for big harvests, rise in crop prices (US)

## Solutions ##
What's Been Lost: The Value of Being Reasonable

## Environment/health ##
Snow reported around Los Angeles in Malibu, West Hollywood, Northridge, Pasadena
World's largest bee, once presumed extinct, filmed alive in the wild
Wallace's giant bee disappeared for more than a century. Now it's back, and already being sold online by at least one collector.
Every day many millions of gallons of water loaded with arsenic, lead and other toxic metals flow from some of the most contaminated mining sites in the U.S. and into surrounding streams and ponds without being treated, The Associated Press has found.
Scientists who discovered 'amphibian plague' worried a dangerous new hybrid disease will emerge
'Unless you stop international travel and international trade, things like this are going to continue... something is going to get through'
China and India lead in greening of the world through land-use management
Several apps share highly sensitive data with Facebook even if users do not have a Facebook account.
Read this as a warning about what governments everywhere will try to do. -- RF
Making the case for the Panopticon Society. -- RF

## Propaganda/censorship/fake news/alternative facts ##
Russiagaters Ramp Up Narrative Management As Mueller Report Nears
US Media Erase Years of Chavismo's Gains
Venezuela's Bolivarian Revolution, which took off with the election of President Hugo Chávez in December 1998, frequently and even quite recently received praise for its social gains from the United Nations, international humanitarian organizations and economists. This aspect of the country's story has been almost entirely written out of media coverage of the effort to overthrow the Venezuelan government by the US, Canada and their right-wing partners in Venezuela and the region.

## Systemic breakdown/collapse/unsustainability ##
America has shown it isn't afraid of (mis)using this digital printing press via collusion among the Federal Reserve, Treasury, and the Federal Government to disguise the simple truth that America is bankrupt and incapable of meeting its present and future obligations absent unlimited and unending monetization.
The "disintegration" of global capitalism could unleash world war 3, warns top EU economist

## Japan ##

## US ##
There was a time when the soft glow of barn lights dotted Wisconsin's rural landscape like stars in a constellation, connecting families who labored into the night milking cows, feeding calves and finishing chores. Hundreds of those barns are dark now, the cows gone, the hum of milking machines silenced.
Military spouses experience high stress and unemployment, report says
Suck it up, peons. -- RF

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