Tuesday, April 30, 2019

 

News Links, May 1, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Globalization is waning, and a US-China trade deal won't solve that, strategist says
Peak globalization has actually already come and gone, according to David Roche, president and global strategist at London-based Independent Strategy.
Hugo Salinas Price: Decline in world's monetary reserves signals end to dollar as reserve currency
The decline of the monetary reserves of central banks since August 2004 suggests a consensus that the U.S. dollar's role as the world reserve currency is coming to an end because the United States now consistently produces far less than it consumes from the rest of the world.
IMF warns of slowing growth and rising unrest across the Middle East
Germany and Austria stop issuing €500 bank notes
Investors Looking To Store Gold In Dublin Rather Than London
There is a growing movement by investors and central banks internationally to "repatriate" gold and own it "in country" due to concerns of gold confiscation and financial repression involving capital and exchange controls. A form of gold confiscation has already been seen with Venezuela unable to repatriate their remaining gold from the Bank of England.


## War on cash/cashless society/cryptocurrencies ##
A Look Inside the Scheme to Eliminate Cash, Impose Negative Interest
Jaguar Land Rover planning to allow helpful car drivers to earn cryptocurrency

## Fault lines/flashpoints/powder kegs/military/war drums ##
But don't call it meddling. -- RF
Iran Guard used drone to monitor US carrier Eisenhower in the Persian Gulf, report says
Here's how much global military spending rose in 2018
Overall military expenditures rose 2.6 percent between 2017 and 2018, to hit a total of $1.82 trillion dollars, according to new research from the Stockholm International Peace Research Institute.
The weaponisation of the US dollar is the end of its economic ascendancy in Asia – with China's yuan ready to fill the void
Hawkish US sanctions on Iran have had an unanticipated side effect – they're helping to promote the formation of a new informal Asian monetary bloc centred on the yuan, at the expense of the US dollar.
A New Mega Cartel Is Emerging In Oil Markets
China and India—two of the world's largest oil importers and the biggest demand growth centers globally—are close to setting up an oil buyers' club to have a say in the pricing and sourcing of crude oil amid OPEC's cuts and U.S. sanctions on Iran and Venezuela, Indian outlet livemint reports, citing three officials with knowledge of the talks.

Canadian farm exports hit new Chinese obstacles amid diplomatic dispute
An expanding list of Canadian farm exports is hitting obstacles at Chinese ports, leaving sellers of soybeans, peas and pork scrambling amid a bitter diplomatic dispute.


Sunday, April 28, 2019

 

News Links, April 29, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The US Government Debt Crisis
This article explains why the US Government is ensnared in a debt trap from which there is no escape. Its finances are spiralling out of control.
This Is the End of the Cycle
Both new households and new businesses are in secular decline. Goosing the stock market and GDP doesn't change this reality.
Unemployment in Spain Still Miserably High Despite Six Years of Economic Growth. Now it Ticked Up Again
"The worst labor market" on the planet: unemployment exceeded 20% in three downturns over the past 35 years.
This problem is much bigger than the airlines. -- RF
Pilots demand better training if Boeing wants to rebuild trust in 737 MAX
American Airlines pilots have warned that Boeing Co's draft training proposals for the troubled 737 MAX do not go far enough to address their concerns, according to written comments submitted to the U.S. Federal Aviation Administration and seen by Reuters.
## Fault lines/flashpoints/powder kegs/military/war drums ##
Venezuelan opposition reps throw temper tantrums when confronted about lack of legitimacy, interventionist plans at OAS
At the OAS, two top representatives of Juan Guaido's US-backed shadow government – Gustavo Tarre and David Smolansky – lost their cool when confronted with critical questions. Both recently attended a closed-door DC meeting on a US military assault.
Bolton: Trump wants solo, not multi-party talks with North Korea
The U.S. has little interest in joining other countries in a multi-nation effort to get North Korea to give up its nuclear weapons, President Donald Trump's national security adviser said Sunday.

## War on Venezuela ##
Voices from Inside the Besieged Venezuelan Embassy
"If [the U.S. invades the Venezuelan Embassy] tomorrow, it will send a message to the world that no embassy is safe in the United States… it's a message that 'if you don't bow down to us, do what we tell you, put in the government that we'd like, we will take your embassy."  – Kevin Zeese
Guaido makes new appeal to Venezuela army ahead of Mayday protests
Keep watching Guaido. I bet that once he's outlived his usefulness, he gets a close look at the underside of a bus. -- RF
Venezuelan opposition reps throw temper tantrums when confronted about lack of legitimacy, interventionist plans at OAS
At the OAS, two top representatives of Juan Guaido's US-backed shadow government – Gustavo Tarre and David Smolansky – lost their cool when confronted with critical questions. Both recently attended a closed-door DC meeting on a US military assault.

## Migrants/refugees ##
Judge gives U.S. six months to identify separated migrant children
Trump administration is ignoring a massive problem at U.S. nuclear plants
"54 of the [60] nuclear plants operating in the U.S. weren't designed to handle the flood risk they face."

## Got food? ##
Americans Brace For Shock Surge In Everyday Food Prices
Farmers cope with rising prices for diesel fuel

## Environment/health ##
Feds take first step toward protecting giraffes under Endangered Species Act
Storms and drought destroy thousands of acres of German forests
Drought and storms are decimating Germany's forests, causing an estimated €2.5 billion in damage in 2018-2019. Some 160,000 football fields worth of forests will need to be replanted, the government has estimated.

## Intelligence/security/internet/cyberwar ##
Hawkish Think Tanks Launch Offensive Against China's Alternative to Western "Development"
Think tanks like the Center for a New American Security are on the offensive as China kicks off its Belt and Road Forum in Beijing hoping to offer the world an alternative to the decades-long neo-colonialist policies of the West.
Maria Butina Sentenced to 18 Months in Prison for Not Registering as a Russian Agent
Russian graduate student Maria Butina, who found herself at the center of a preposterously complicated and entirely fictional spying case, has been sentenced to 18 months in prison on the only charge prosecutors were able to make stick, failing to register as a foreign agent for Russia.
It's more important to imagine how this will be abused. -- RF

## Julian Assange ##
What's Really Behind Julian Assange's Arrest

## Systemic breakdown/collapse/unsustainability ##
Government watchdog finds more problems with F-35's spare parts pipeline
Only about half of the F-35s worldwide were ready to fly during an eight-month period in 2018, with the wait for spare parts keeping jets on the ground nearly 30 percent of the time, according to a new report by the Government Accountability Office.
Health Care Professionals Bring Drug Shortage Concerns to Capitol Hill
Several health care professionals are calling attention to the severity and potential consequences of drug shortages, as the list of drugs listed on the FDA's website as "currently in shortage" grows by the day.
Will Japan really build a modernized F-22?
Japan's F-3 project may prove too ambitious and take up too many resources, especially defense dollars
Passengers stuck in packed bullet trains due to power outage

Trump Officials: China Gets No 'Wind-Down' Period for Cutting Iran Oil Purchases

## UK ##
UK Israel Lobby Adds Muscle as US Counterpart Weakens
British politics are being plunged into a stifling silence on the longest example of mass human rights abuses sanctioned by the West in modern history.
"Theresa May should not be rolling out the red carpet for a state visit to honour a president who rips up vital international treaties, backs climate change denial and uses racist and misogynist rhetoric," Corbyn said in a statement.

## US ##
The US Economy Is Reaching A Dead End (John Mauldin, Forbes)
Alarms Go Off As Credit Card Charge-Offs Soar To Seven Year High
LA population shrinking, even as larger region still grows
The shrinking population in Los Angeles comes as the area struggles with housing affordability and the lack of new home construction.
Jared Kushner, Not Maria Butina, Is America's Real Foreign Agent
Maria Butina is in jail for doing nothing while Jared Kushner, who needed a godfathered security clearance due to his close Israeli ties, struts through the White House as senior advisor to the president.
Officers have beaten members of the public, planted evidence and used their badges to harass women. They have lied, stolen, dealt drugs, driven drunk and abused their spouses.
Protect and serve. -- RF


Thursday, April 25, 2019

 

News Links, April 26, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
World's Central Banks Want More Gold – India May Buy 1.5M Ounces In 2019

## Airline death spiral ##
Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making budget carrier said on Wednesday.
Boeing sees FAA approving software fix in May, Max ungrounding in July
United CEO has 'no sense' of when Boeing's 737 Max jet will fly again
Facial recognition creeps up on a JetBlue passenger and she hates it
Facial recognition systems don't want you to stop and think about them. This is what happens when someone does.
Pepe Escobar: War on Iran & Calling America's Bluff
Vast swathes of the West seem not to realize that if the Strait of Hormuz is shut down a global depression will follow.

## Migrants/refugees ##
Germany: Asylum-seekers agree to confess to assaulting strangers

## Global unrest/mob rule/angry people/torches and pitchforks ##
Climate-change protesters target London Stock Exchange and Canary Wharf

## Energy/resources ##
It only stands to reason. Intermittency, the need for storage or backup, and the requirement for vast tracts of land entail extra costs. The bottom line is that we are trying to use dilute energy sources (renewables) to support a civilization which was built on concentrated energy sources (fossil fuels). -- RF
Earth Day: Colonialism's role in the overexploitation of natural resources
Nuclear power: The gift that keeps on giving. -- RF

## Got food? ##

## Environment/health ##
Stop putting your babies and toddlers in front of screens, WHO advises
Infants and toddlers under the age of 2 should not spend any time in front of screens, according to new guidelines issued by the World Health Organization on Wednesday.
It's not clear to me how one is supposed to "wait out" radiation. -- RF

## Intelligence/security/internet/cyberwar ##
EU votes to create gigantic biometrics database
The European Parliament voted last week to interconnect a series of border-control, migration, and law enforcement systems into a gigantic, biometrics-tracking, searchable database of EU and non-EU citizens.

## Julian Assange ##

## Systemic breakdown/collapse/unsustainability ##
Has Asia's middle class creation peaked?
New OECD research sends a warning on the sustainability of trends that have lifted millions of Asians out of poverty and into the consumer class
Net energy decline is destroying (or preventing) the middle class everywhere. Be prepared for more yellow vest-style unrest across the globe as people discover that their desired lifestyles are no longer supported. -- RF
Japan to halt nuclear plants if anti-terror steps not taken by set deadlines
Japan's nuclear regulator decided Wednesday not to allow power companies to operate reactors if they fail to implement sufficient counterterrorism safety measures by specified deadlines.
Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low
Tokyo is starting to look like Hong Kong. Too many people! -- RF

## China ##
China's Pig Pandemic Should Worry Everyone
The way officials have responded to the spread of African swine fever has brought back uncomfortable memories of SARS. 
New missile gap leaves U.S. scrambling to counter China
Under Xi Jinping, Beijing has elevated its missile forces to a point where many rockets in the Chinese arsenal now rival or outperform those of the United States. This dramatic shift could render American carriers – the backbone of U.S. military supremacy – obsolete in a conflict with China.
Senior UK lawmaker raises alarm over Britain's Huawei 5G plan
Britain Has Gone to the Dogs. Assange, Brexit and Call-Centre Journalism from BBC All Symptoms of a Failed State
Britain, battered and lost, a nation defeated and drowning in its own effluent of self-deprecation and doubt, had little choice to do what is was told as a client state of the US.
After Trump tweet, GCHQ says claim it spied on Trump is utterly ridiculous
Extinction Rebellion: Climate change activists to target London's financial district for final 'swarming' protest
Homicides in England and Wales hit highest in a decade
The number of homicides in England and Wales hit their highest level in a decade, official statistics showed on Thursday, as authorities struggle to halt a surge in fatal stabbings.

## US ##
If "Getting Ahead" Depends on Asset Bubbles, It's Not "Getting Ahead," It's Gambling
Given that the economy is now totally and completely dependent on inflating asset bubbles, it makes no sense to invest for the long-term.
McDonald's is teaming up with AARP to hire older workers
The Feedback Loop of Doom: When Mobile Creatives and Capital Abandon Unaffordable, Dysfunctional Cities
When the 4% who generate the jobs and tax revenues have had enough and leave, the effects quickly impact the 64%.
Fired for a felony, again for perjury. Meet the new police chief.
Police officers who committed misconduct not only kept their badges but became police chiefs, a USA TODAY Network investigation found.

And finally...


Tuesday, April 23, 2019

 

News Links, April 24, 2019

US Airports Will Scan 97% of Outbound Flyers' Faces Within 4 Years

## Fault lines/flashpoints/powder kegs/military/war drums ##
Israel Threatens to Attack All of Lebanon, Reveals S-300-Evading Missile
Fortress America rises in South Korea
From its huge new base, the US can defend South Korea against the North, and it can also keep a close eye on China
How China is replacing America as Asia's military titan
Chinese leader Xi Jinping has refashioned the People's Liberation Army into a force that's rapidly closing the gap on U.S. firepower – and in some vital areas has surpassed it. American victory over China in a regional war is no longer assured.
French Ambassador Says Trump "Deal of the Century" Is DOA, Calls Israel 'Apartheid State'
"[Kushner] is so rational, and he is so pro-Israeli also, that he may neglect the point that if you offer the Palestinians the choice between surrendering and committing suicide, they may decide the latter. Somebody like Kushner doesn't understand that." — French Ambassador Gerard Araud

There's just no getting away from microplastic contamination
And we still don't know where a huge portion of our plastic waste even ends up.
Redacted's Karavani Aims Her Water Cannon at Nestle and Its Poland Spring Water Fraud
"Is [Nestlé's] Poland Spring the same as your sink water? No. It's worse. One or more of the company's wells are near present or former human waste dump, landfill, or similar site."

## Intelligence/security/internet/cyberwar ##
23.2 Million Hack Victims Used '123456" As Their Password
The Buried Maidan Massacre and Its Misrepresentation by the West
The new Ukrainian government is faced with reopening an inquiry into evidence of an organized mass killing in Kiev that Poroshenko stonewalled.

## Propaganda/censorship/fake news/alternative facts ##
The Triumph of Evil
Top 51 Fake News Russiagate 'Bombshells' Spread By The MSM

## Systemic breakdown/collapse/unsustainability ##
Italy Becoming Poor -- Becoming Poor in Italy. The Effects of the Twilight of the Age of Oil
Net energy decline! But in this excellent post "Italy" also serves as a microcosm of the industrialized world. -- RF
People want to have a modern lifestyle, and governments want to grow their populations and economies. But we have the Extinction Rebellion. Everyone wants to have their cake and eat it, too. -- RF


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