Friday 24 May 2019

Headlines - 24 May, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Technology Is Not Just Disruptive, It's Disastrously Deflationary
Deflation eats credit-dependent, mass-consumption economies alive from the inside.
PMI "Consistent with GDP Growing at an Annualized rate of Just 1.2%"
The Markit composite PMI is barely above contraction level. Economic activity in the US is at the stall rate.
The dollar may be knocked off its pedestal
Will the U.S. dollar soon lose its status as the world's pre-eminent currency? The consensus is no—it's said that any move away from the dollar would take decades. This view is too complacent.

## Cut, baby, cut! ##
Even Before The Recession Has Officially Begun, Some Large U.S. Firms Are Laying Off Thousands Of Workers

## War on cash/cashless society/cryptocurrencies ##
Merchants Accepting Bitcoin (BTC) and Crypto Falling
The long-awaited nirvana of crypto mass adoption, that step where the world, chooses to utilize Bitcoin (BTC) and crypto rather than fiat for trades is still a long way off. In fact, when all the cards are placed on the table, it does seem that that journey is quickly running out of steam.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian 'Bear' Bombers Intercepted near Alaska for Second Time in Two Days
Lessons from the Gulf of Tonkin Incident
Disturbing similarities between the run-up to the Iraq War of 2003 and the Trump administration’s bellicosity toward Iran keep accumulating.

## War on Venezuela ##

## Global unrest/mob rule/angry people/torches and pitchforks ##
Abortion rights supporters' voices thunder at #StopTheBans rallies across the nation
Chile's Codelco set for copper output hit as key mine goes underground
Codelco’s giant Chuquicamata mine is set for a 40% drop in production over the next two years, an internal forecast seen by Reuters shows, pointing to the sharp challenge facing the world’s top copper miner as it scrambles to maintain output.
Power consumption surges as summer heats up
Vietnam's high temperature in recent weeks makes electricity demand surge. Photo by VnExpress/Thanh Nguyen
Vietnam is seeing a surge in electricity demand as summer heat intensifies while water shortage constrains power production.

## Got food? ##

## Solutions ##
Direct Democracy Is the Future of Human Governance – Part 1
Venezuelan opposition extremist, a US military veteran and ‘aid volunteer,’ sends death threat to embassy defenders
Far-right Venezuelan opposition activist Luis Medina, a former US Marine and volunteer for Juan Guaido’s aid stunt, told CODEPINK embassy defenders “we are coming to get you with plenty of ammunition.”

## War on Huawei ##

## US ##
An RV Camp Sprang Up Outside Google’s Headquarters. Now Mountain View Wants to Ban It
With house prices out of reach, where will the van dwellers go?
The newest round of U.S. tariffs on Chinese imports will cost the typical American household $831 annually, researchers said on Thursday.

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