Tuesday, August 06, 2019


News Links, August 7, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Walgreens to close 200 US stores

## War on cash/cashless society/cryptocurrencies ##
Cashless Stores Alienate Customers in the Name of Efficiency
On the surface, the move to a cashless society may seem like a win-win situation. However, the only clear winner would be the federal government.
100 Million Chinese Drivers Now Pay Cashless Freeway Tolls

## Airline death spiral ##
Smoke-filled British Airways plane lands in Spain

## Fault lines/flashpoints/powder kegs/military/war drums ##
India orders students, tourists out of Kashmir
Attack on Iran would be an attack on Russia (Pepe Escobar)
Moscow is proposing a diametrically opposed vision to Western sanctions, threats and economic war, one that is drawing it ever closer to Tehran
Erdogan says will launch Syria operation east of Euphrates
Is Mandarin Chinese the language of East Africa's future?

• War on Venezuela
Tens of millions hit by Indonesia power blackout
Oil Price Correction Triggers Shale Meltdown
1,800 dead as malaria 'epidemic' rages in Burundi: UN
Latest OCHA report suggests almost half of Burundi's entire population has been affected by the disease this year.

## Intelligence/security/internet/cyberwar ##
Finally Time for DNC Email Evidence
The crumbling of Russiagate focuses attention on the considerable evidence that Russian intelligence agencies charged with intrusion into DNC servers had nothing to do with it.
Russiagate Comes to Italy
In the World of Truth and Fact, Russiagate is Dead. In the World of the Political Establishment, it is Still the New 42
High-security locks for government and banks hacked by researcher
Hackers could crack open high-security electronic locks by monitoring their power, allowing thieves to steal cash in automated teller machines, narcotics in pharmacies and government secrets, according to research to be presented Friday at the annual Def Con hacking conference in Las Vegas.

## Systemic breakdown/collapse/unsustainability ##
10 alarming things about the economy that politicians won't tell you
These are all contained in the Congressional Budget Office's most recent Long-Term Budget Outlook, the cornerstone document of government financial and economic planning.
This is pretty scary reading. Of course some (most?) won't come true simply because systems will crumble before then. For example, "We're going to be up to our eyeballs in debt. The national debt is expected to skyrocket to an "unprecedented" 144% of gross domestic product by 2049, or twice the level today." R U kidding? The entire global economy as we know it (not just the US economy) will crash long before then. And then there are the humongous numbers given for immigrants. Western countries have a crush of migrants at their borders now because the grass looks greener there, but with the coming of global depression, war, mass starvation, internecine fighting, exploding nuclear power plants, and other mayhem, the grass won't be looking greener anywhere. -- RF
Nothing Is Guaranteed
There are no guarantees, no matter how monumental the hubris and confidence.
Don't laugh. Zimbabwe is a bellwether. -- RF
The Twilight of the Monofuture (John Michael Greer)
The Gulag of the Mind
Befuddled and blind, we wander toward the cliff without even seeing it, focusing on our little screens of entertainment and self-absorption.

## Japan ##
Japan's food self-sufficiency rate lowest in 25 years (37%!)
US, Japan To Ink Hosted Payload Pact to Monitor Sats
Japan plans to host an American Space Situational Awareness (SSA) sensor payload on their QZSS satellites.
Hiroshima mayor urges Japan to join nuclear ban treaty; Abe declines
I don't see anything to get excited about. It's essentially a big quadcopter. -- RF

## China ##

## UK ##
Tesco to cut 4,500 jobs at 153 UK outlets in latest redundancies
Latest job losses come on top of cuts to fishmonger, butcher, baker and counter staff
Rural crime in Britain hits seven-year high
Theft of farm vehicles and livestock soars, costing UK £50m last year, insurer finds
A hazy future: Amid a competition to build British frigates, a UK shipyard hits hard times
The Northern Irish shipyard that built the Titanic ceased business Aug. 5, and its part in a bid to build a new class of the general-purpose frigate for the British Royal Navy appears to have sunk with it.
40% of Scottish Labour Voters Support Independence

## US ##

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