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Wednesday, 30 October 2019

Global headlines - 30 October, 2019




## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Halt All New Home Construction In Dubai Or Face Economic Disaster, Top Builder Warns
Russia, China & India to set up alternative to SWIFT payment system to connect 3 billion people
Turkey Throws Another Wrench Into the USD's Works and Joins Russian Swift
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
Richard Branson's Virgin Galactic soars before crashing to earth in NYSE debut

## 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
Russia: Government Official Expects To Mine 20% Of The World’s Bitcoin

## Airline death spiral ##
Southwest denies pilots livestreamed aircraft lavatory, calling it 'inappropriate' attempt at humor
Looming pilot shortage lifts aviation schools
ANA cuts forecast, citing trade war and slowdown in business demand

## 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.
Pentagon echoes Trump, says securing Syrian oil fields is top priority after ISIS leader’s death
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
Trump's Plan To Send U.S. Oil Majors To Syria Sparks Outrage
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.
Turkey's S-400 Will Be Fully Operational by End of Year: Pentagon Official
U.S.-China Relations in the Years Ahead: The Trade War Is a Sideshow
Why Lebanon And Iraq Are At The Brink Of Further Strife
• 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
The Crisis in Catalonia & What I Saw in Our Neighborhood in Barcelona
95 Demonstrators Injured in Gaza Protests
At Least 74 Killed as Iraq PM Orders Elite Troops to End Protests
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.
Texas Hit Hard By Shale Slowdown
U.S. Shale Braces For Brutal Earnings Season
The Key To Iran’s Success In The Face Of Sanctions
Iran's thirsty energy industry runs up against water shortage
Government open to take over water operations amid shortage (Philippines)
Everything you need to know about the 'water crisis' in SA (South Africa)
Murray Energy files for bankruptcy as U.S. coal decline continues
Trump Wants Deal With Exxon or Other Company to Take Syrian Oil

## Got food? ##
Michigan apples being recalled in eight states for possible Listeria contamination
Freak fall weather could reduce U.S. potato supplies
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
Wilderness areas could reduce extinction risks by more than half
Chill Your Netflix Habit, Climate Experts Say
How The Internet Is Killing The Planet
California’s blackouts reveal health care’s fragile power system
Providing health care when electricity isn’t a guarantee
Medicare for All?
Hospitals could face shortage of critical surgical tools, FDA warns
Years of shortages! -- RF
China’s ocean waste dumping at highest level in at least a decade, with 27 per cent surge in 2018
Millions of people are more vulnerable to rising seas than previously thought

## Intelligence/security/internet/cyberwar ##
OPCW Losing Credibility As Even More Revelations Surface On Douma
Maria Butina Denies She’s a Russian Spy — Says She Was Railroaded by ‘Anti-Russian Hysteria’
Baghdadi given burial at sea, afforded religious rites: U.S. officials
US Used Baghdadi's Blood, DNA-Stained Underwear To ID Exploded ISIS Leader
Underwear Thief? ISIS Leader al-Baghdadi's Underwear Stolen by Kurdish Spy, Official Says
Hasty "Burial At Sea" & Other Baghdadi Raid Details Eerily Parallel To Bin Laden Death Mythology
Caliph closure: ‘He died like a dog’
Trump’s victory-lap movie version buries the embarrassing story of deploying tanks to ‘protect’ Syrian oilfields
Endorsing The Deep State Endangers Democracy (MoA)
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
Johannesburg Shuts Down Computers City-Wide After Bitcoin Ransomware Attack
Grayzone Editor Max Blumenthal Arrested Months After Reporting on Venezuelan Opposition Violence

## 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
The EU is Rewriting WWII History to Demonize Russia

## Systemic breakdown/collapse/unsustainability ##
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.
Navy admiral: A 355-ship Navy may not be attainable
California's Blackouts Are Part Of A Far Bigger Problem
Welcome To The Third World, Part 30: California Burning In The Dark
California Blackouts Hit Cellphone Service, Fraying a Lifeline
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.
Has California Lost The Mandate of Heaven?

## Japan ##
How Japan still struggles with the Fukushima nuclear waste
Huge amounts of typhoon-damaged trash pile up in Japan

## China ##
China’s Pig Production Likely to Return to Normal in 2020, Agriculture Ministry Says
Hong Kong enters recession, official says, as protests again erupt in flames
China's factory activity seen contracting for sixth month on trade pressure
China's ocean waste surges 27% in 2018: ministry
Hong Kong bans activist Joshua Wong from standing in district election race
Xi tightens his grip on political power in China
• 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

## UK ##
'Global ring' involved in smuggling 39 found dead in UK truck, court told
Britain still to decide on Huawei access: UK PM's spokesman
Torrential downpour leaves homes, roads and railways flooded
Environmental ‘cheat devices’ fitted to thousands of ships could render UK ports unusable
Grenfell Report Phase 1 Seeks to Blame the Firefighters

## US ##
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
Trump confirms ISIS leader Baghdadi is dead after US raid in Syria — ‘He died like a coward’
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
Target Slashes Employees’ Hours After Raising Its Minimum Wage to $15 An Hour
Massive American Dream mall opens but will shoppers come?
Amazon's Ring is 'the Neighborhood Watch of 2020,' police say as doorbell cams proliferate
NYC Secretly Shipping Homeless People To Over 350 Cities Including Honolulu, Houston
Vowing Nationwide Crackdown, Trump Touts Tougher and More Militarized US Police
Leaving Illinois: "Does Anybody Care About People Like Us?"
Tesla Discloses US Revenues Collapsed 39%. Americans Sour on its Cars, Pent-Up Demand Exhausted

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