Posts
## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Halt All New Home Construction In Dubai Or Face Economic Disaster, Top Builder Warns
An attempt to freeze China out of the US dollar system will hasten decoupling, but not to America’s advantage
The reported US plan to target China in a financial war, if put in motion, would be the latest Trump move to leverage the US dollar’s privileged position to advance geopolitical objectives. It would deepen mistrust of the US and hasten the search for an alternative financial system Will MMT Work as Intended, Or Will It Trigger the Collapse of "Money"?
To add a bit to my tirade against MMT (and other monetary nonsense) on Monday, some people will claim that because we can also buy raw material resources (such as ores or roundwood), finished goods, and services with money, my claim that money just stands for energy is mistaken. Note, however, that without energy, any material resource you might obtain would have a value of precisely zero. And there would also be no services or finished goods. Energy is needed to "unlock" the potential value of material resources. In other words, material resources are only incidental to energy. In the final analysis, everything comes down to energy. -- RF
## Cut, baby, cut! ##
Juul plans to cut about 500 jobs by the end of the year ## War on cash/cashless society/cryptocurrencies ## UK lawmakers call for action on banks, Big Tech to avoid IT failures
In particular, cashless societies and cryptocurrencies hinge on well-nigh faultless IT, not to mention power supplies. -- RF
## Airline death spiral ## Southwest denies pilots livestreamed aircraft lavatory, calling it 'inappropriate' attempt at humor Looming pilot shortage lifts aviation schools ## Fault lines/flashpoints/powder kegs/military/war drums ## Turkey, Russia in negotiations for potential Su-35 jet deal Turkish and Russian government officials are in an “advanced stage of negotiations” to finalize a potential deal on Russian-made Su-35 fighter aircraft, Turkish officials said.
Trump also highlighted a potential U.S. energy market opportunity by tapping into Syrian oil.
And that's the plan for Venezuela, too. All the major players on the global chessboard are grabbing everything they can because they know that controlling the oil means controlling the world. They also know that military forces powered by fossil fuels will crush military forces that rely on renewables. -- RF
About Trump Wanting Iraq’s Oil Fields
What the president advocated was one of the most telling statements of his presidency. It amounted to an admission that he is perfectly willing to commit a war crime.
Chinese military plane enters South Korea's airspace
A Chinese military plane entered South Korea's air defense identification zone after sending prior notification on Tuesday, the Joint Chiefs of Staff said, in a turnaround from China's practice of breaching the zone without notice.
• War on Iran
The U.S. Sanction Attack On Iran Is Far From Over
Treasury Secretary: US Will Ramp Up Pressure on Iran ## Migrants/refugees ## Tens of thousands of migrants evade Border Patrol during year of record apprehensions ## Global unrest/mob rule/angry people/torches and pitchforks ##
We Now Have Mass Public Unrest In France, Spain, Algeria, Iraq, Lebanon, Egypt, Hong Kong, Venezuela, Chile, Ecuador And Bolivia
Unemployment fuels unrest in Arab states: IMF
Lebanese mass protests topple government
## Energy/resources ## Small oil-and-gas companies get cold shoulder from large banks
The largest banking lenders to the oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said.
Everything you need to know about the 'water crisis' in SA (South Africa)
As Butter Shortage Spreads, Israelis Resort to Hoarding and Even Churning Their Own
## Environment/health ##
We Have No Reason to Believe 5G Is Safe (Scientific American)
River of Trash: How Plastic Pollution Is Making Central American Communities Uninhabitable
California’s blackouts reveal health care’s fragile power system
Providing health care when electricity isn’t a guarantee
Hospitals could face shortage of critical surgical tools, FDA warns
Years of shortages! -- RF ## Intelligence/security/ OPCW Losing Credibility As Even More Revelations Surface On Douma
Caliph closure: ‘He died like a dog’
Trump’s victory-lap movie version buries the embarrassing story of deploying tanks to ‘protect’ Syrian oilfields
Since Donald Trump was elected president the New York Times' understanding of the 'Deep State' evolved from a total denial of its existence towards a full endorsement of its anti-democratic operations.
New York Times Confirms: It’s Trump Versus the Deep State (American Conservative)
Even the Gray Lady admits the president is up against a powerful bureaucracy that wants him sunk.
All that ridicule of the deep state theory, and now suddenly it becomes mainstream. This is a serious matter. In a democracy, unelected bureaucrats are supposed to implement the programs set forth by elected officials, not take matters into their own hands. -- RF
## Propaganda/censorship/fake news/alternative facts ##
London Times Runs Fake Browder Opinion Piece
Ben Brandon and Alex Bailin are London lawyers who have co-authored a fake story based on fabrications by William Browder about Russia’s legal action against his tax evasion and the death of his accountant, Sergei Magnitsky. The writers of this London Times op ed managed to put eight lies into just five opening lines. Yale in academic censorship row in Singapore ## Systemic breakdown/collapse/ All 6 East Coast Carriers In Dock, Not Deployed: Hill Asks Why As the Navy scrambles to get enough parts and people to move carriers back out to sea, it's facing a crowded waterfront at Norfolk.
A Drug Cartel Just Defeated The Mexican Military In Battle
Mexico is in a state of collapse, and Americans need to realize that the crisis underway south of the Rio Grande won’t stop at the border. ## Japan ## How Japan still struggles with the Fukushima nuclear waste Huge amounts of typhoon-damaged trash pile up in Japan
• War on Huawei
US proposes cutting off funds for Chinese telecom equipment
Trump says U.S. will cooperate with 'like-minded' nations on 5G networks
Trucking Slowdown Ahead Of Holiday Season Suggests Consumer Is Faltering
Half a billion on Halloween pet costumes is latest sign of America’s out-of-control consumerism
Pets and human toddlers don't understand what's happening when they're dressed up in costumes or the latest in baby fashion. It's all meant to feed the egos and tickle the funny bones of adults. -- RF
The Islamic State leader died after running into the end of a tunnel, “whimpering and crying and screaming all the way,” as he was chased by American military dogs, Trump said.
Big talk comes cheap when you have the world's biggest military at your disposal and are surrounded by a small army of highly trained bodyguards 24/7. My guess is that if Trump were cornered by a death squad and facing certain death, he would be on his hands and knees squealing for mercy, just like any other ordinary human being. -- RF
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