Sunday, July 07, 2019

 

News Links, July 8, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Tempered expectations of Fed rate cut sink stocks globally
Deglobalization? You ain't seen nothin' yet. -- RF
Democracies are on track to lose their global economic dominance as 'authoritarian capitalism' rises
The author fails to identify net energy decline as the main driving force behind the global shift away from democracy and toward authoritarianism. In the US, Trump is just a symptom of this transition. -- RF

## Cut, baby, cut! ##
In "Radical Overhaul" 20,000 Deutsche Bankers Will Be Fired As "Bad Bank" Soars To €80BN, 5x Its Market Cap

## War on cash/cashless society/cryptocurrencies ##
Fugitive U.S. tech guru: Cryptocurrency is next Cuban revolution
On the run from U.S. tax authorities, tech guru John McAfee puffs a cigar aboard his towering white yacht in a Havana harbor and says he can help Cuba evade the U.S. government too - by launching a cryptocurrency that defeats a U.S. trade embargo.
Cryptos also depend on an internet and power grids that do not crash. Good luck with that. -- RF

## Airline death spiral ##
Boeing, Airbus and Airline Overcapacity in Asia & Europe
And 200 miracle orders — well, just a letter of intent — for the Boeing 737 MAX at the Paris Air Show.
[T]here simply is no way past thorough and sound engineering in aerospace. Any shortcuts will cost the company many times more than what was saved in the first place.
Woman Smashes Up Check-In Desk Computer After Missing Flight
If he was really God, then how were mere humans able to subdue him? -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
US banks on Libya strongman Haftar, experts say
Washington's refusal to condemn an airstrike on a detention centre that killed dozens of migrants blamed on Libyan strongman Khalifa Haftar by his rivals shows tacit US support, experts say.

• War on Iran
UK-flagged tanker reported 'safe and well' after stop in Gulf
The UK-flagged supertanker Pacific Voyager that halted in the Gulf on Saturday is "safe and well," a British official told Reuters, after Iran dismissed reports its Revolutionary Guards had seized the vessel.
Stuxnet, American Sanctions, and Cyberwar Are Legitimizing Iranian Internet Controls
The anxiety about cyberattacks and the perceived need for greater control in the wake of American economic sanctions has led to a loss of internet freedom in Iran.

• War on Venezuela

## Global unrest/mob rule/angry people/torches and pitchforks ##
These concerns were often downplayed by free-trade theorists and policymakers who claimed that China would not take such aggressive action to upset the market. However, the NDRC statement shows that China is sophisticated enough to target critical sectors and supply chains in order to gain leverage in the ongoing U.S.-China trade negotiations.
The Devastation of Farm Country Is Biting Us All on the Butt (US)
Today's catastrophe is far more desperate than outsiders know—and is caused by another perfect storm of corporate monopolization, financial manipulation and rigged ag policies.
Coffee farmers meet in Brazil amid crisis, seek alternatives
Organizations representing coffee farmers from around the world will meet next week in Brazil as the sector faces one of its hardest times, with prices barely covering production costs and pushing farmers out of business.

## Environment/health ##
Deforestation of Amazon rainforest soars under Bolsonaro
Deforestation in Brazil's portion of the Amazon rainforest rose more than 88 percent in June compared with the same month a year ago under the rightwing president Jair Bolsonaro.
Jakarta residents sue Indonesia government over air pollution
Hundreds of sharks snarled by plastic in the world's oceans, scientists warn
New research suggest previous studies have underestimated the number of sharks and rays entangled in plastic. The problem is likely much worse than scientists realized.
Planet's largest seaweed bloom just keeps getting bigger
It weighs 20 million tons, stretches from western Africa to the Gulf of Mexico, and washes up on beaches creating a malodorous stench.

## Intelligence/security/internet/cyberwar ##
US is losing the 5G war to China
"The country that owns 5G will own many of these innovations and set the standards for the rest of the world. "That country is currently not likely to be the United States."

## Propaganda/censorship/fake news/alternative facts ##
Trump Facebook ads used models and Japanese scenes to depict U.S.

• War on Julian Assange
Julian Assange and the Real War on the Free Press
Don't be fooled: those attacking him want censorship powers not seen since the Nixon administration.
As You Celebrate Your Freedom, Remember Julian Assange

## Systemic breakdown/collapse/unsustainability ##
How costly manufacturing drives tech industry consolidation
So what has happened to the U.S. Navy? A service that once prided itself on looking sharp and being sharp has fallen by the wayside.

• War on Huawei
Help Steven Leelah (Craig Murray)
With a callousness that defies belief, the British government continues to pursue and persecute Chagossians in pursuit of the genocide they initiated on the community in 1971.
Diesel Death-Spiral Drives UK Auto Sales to Five-Year Low
"Decline in buyer confidence," collapsing sales of diesels & plug-in hybrids. But EV sales soar.
Bought Politicians
Between just 28 May and 10 June Boris Johnson received £235,500 in "private" donations, to himself personally, as he prepares to become the UK's unelected Prime Minister.

## US ##
I Just Hope the Fed Doesn't See This Jobs Report
Wall Street's fervent hopes and prayers for rate-cut ammo were not fulfilled.
U.S. diesel consumption hit by economic slowdown
U.S. consumption of diesel and other middle distillate fuels is decelerating in line with the wider slowdown in manufacturing and construction activity.




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