Friday, 1 March 2019

Headlines - 1 March, 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
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