Thursday, June 08, 2017


News Links, June 9, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
'Big Room' to Boost Yuan's Usage Among Belt and Road Nations, China Central Bank Official Says
"Bail-In" Era for Europe's Banking Crisis Begins
Many Banco Popular investors wiped out. Taxpayers off the hook. What it means for Italy.
Debt Has No Consequences? Color Me Skeptical
The entire status quo is based on the delusion that rapidly rising debt will never generate any negative consequences.
The idea that global trade is improving is largely a commodity-induced fantasy related primarily to the price of oil.

## Airline death spiral ##
State Duma passes bill on blacklists of passengers
The State Duma has passed a bill allowing Russian airlines to create blacklists of passengers exhibiting aggressive behavior during the flights.
Cathay Pacific slashing 400 jobs as part of redundancy plan
Cuts come under earlier announced restructuring measures, with total of 600 layoffs expected

## Fault lines/flashpoints/powder kegs/military/war drums ##
US Senate Democrats rallying votes against Saudi arms sale
However, experts quickly pointed out that much of the deal was speculative, as any arms sale has to go through the process of being cleared by the State Department, then Congress, before going through an often lengthy negotiating period with industry.
However, security experts recently showed just how easy it is to steal and replicate a digital fingerprint file to pose as a  victim and it has been proven that facial recognition technology can be tricked with high-quality video.
Concerns Mount in Australia Over Beijing's Influence

## Propaganda/censorship/fake news/alternative facts ##
ISIS Attack Exposes Anti-Iran Propaganda
An ISIS-claimed terror attack in Iran killing a dozen people shows how dishonest the U.S. government has been in lumping Iran in with terror groups that it has aggressively fought, as ex-CIA analyst Paul R. Pillar explains.
NYT's New Syria-Sarin Report Challenged
Special Report: An MIT national security scientist says the New York Times pushed a "fraudulent" analysis of last April's "sarin" incident in Syria, part of a troubling pattern of "groupthink" and "confirmation bias."
Hey Intercept, Something is Very Wrong with Reality Winner and the NSA Leak

## Systemic breakdown/collapse/unsustainability ##
Opioid epidemic could derail Trump's infrastructure plans
Many of the skilled workers we'd need to rebuild America are addicted
The most dangerous bridge in every US state
There are 185 million daily crossings on nearly 56,000 structurally deficient US bridges, according to the American Road and Transportation Builders Association.

## Japan ##
Households on welfare in Japan hit record high in March, topping 1.6 million
Junk energy: Seabed methane hydrate mining restarts
Like US shale oil (LTO) and Canadian oil sand, methane hydrate is junk energy. Extraction of this crap is a sign of energy desperation, not a sign that new technologies will save the day. -- RF
Japan's Jan.-March GDP downgraded
Japanese government officials say the country's economic growth was slower than originally estimated. They say lower domestic demand pulled down Gross Domestic Product as people cut back more on things like shopping.

## UK ##
The rich get richer... -- RF

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