Debt Rattle April 12 2017


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    Elliott Erwitt Trocadero, Paris 1950   • The Tesla Ponzi Is Not ‘Inexplicable’ At All (WS) • Millennials Are Abandoning Postwar Engines of Growth
    [See the full post at: Debt Rattle April 12 2017]

    Dr. Diablo

    Re: the Prius put electric on the map, not Tesla. A Tesla battery weighs 1200lbs. If the world ran on them, we might use more lithium than is the surface of the earth with the requisite mining, smelting, shipping, re-smelting, etc. Oh, and if it still isn’t apparent, the Tesla runs on coal. At the power plant. Or nuclear, the only source powerful enough to create the thick cloud of smug for 6-figure greenies. As Nassim points, there is no substantial green power, and probably never will be. If the massive green structure we built so far — wind mills from Melbourne to Exmouth, and from Szczecin to Saville — isn’t turning the dial, it isn’t going to be turned.

    But of course the Tesla, which makes like 50 loss-making cars a year, is now worth more than Ford International, or GM, who produce millions.

    If you ever wanted example of a giant worldwide tulip mania to tell your kids about, here it is. But hey– all the rising FANG stocks lose money every month on clicks, and all the rapidly falling stocks make steady incremental profits producing real goods. That’s just common sense, right?

    John Day

    Korean War 2.0

    China Threatens to Bomb North Korean Nuclear Facilities if North Korea “Crosses Chinese Bottom-Line”, and moves troops to North Korean border.
    Chinese diplomacy does Judo with American demands, tells North Korea, “We are not acquiescing to an American attack. This is our business and the PLA will attack if you cause problems.”
    China clearly defines sphere of influence, while calling for denuclearized Korean Peninsula.

    As tensions over North Korea’s nuclear program mount, the United States Air Force has deployed a WC-135 (a.k.a. the “Nuclear Sniffer”), an aircraft that specializes in detecting radioactive debris after the detonation of a nuclear device, to Okinawa, Japan to assist with monitoring for potential nuclear tests in the region.

    Donald Trump called President Xi on the phone to discuss trade and the developing North Korean situation. According to China’s state television, Xi stuck with his objective of “denuclearization” of the Korean Peninsula, and called for a peaceful resolution of rising tension… “We hope that the relevant parties do not adopt irresponsible actions. Under the current circumstances, this is very dangerous,” Lu told reporters at a regular press briefing… Translation: Trump is strongly urged not to launch a unilateral strike on North Korea as he did on Syria without express Chinese prior approval.

    Russian Foreign Minister Sergei Lavrov blasted the Trump administration’s “ambiguous and contradictory” foreign policy at the start of talks with Tillerson in Moscow Wednesday calling the demand for the Kremlin to abandon Assad “absurd.” Furthermore, he warned Tillerson that Russia “believes it’s fundamentally important not to let these actions happen again.” The Moscow meeting will “further clarify areas of sharp difference so that we can better understand why these differences exist and what prospects for narrowing those differences may be,” Tillerson told Lavrov.

    “Idlib was a false-flag attack, and we have learned that more are coming.” Vladimir Putin

    Americans kill Syrian moms and kids on ferry boats, who knows how many?
    It’s OK, because it’s just regular bombs and drownings, and we don’t have to look.

    Trump clarifies everything:
    “We’re not going into Syria,” Trump said. “Our policy is the same — it hasn’t changed. We’re not going into Syria.” “We’re not exactly on the same wavelength with Russia, to put it mildly” — again called the nuclear deal with Iran “the single worst deal ever,” and said of the worsening nuclear situation with North Korea: “I knew I was left a mess, but it’s worse than I thought.” Trump also damns Steve Bannon with very faint praise. (Neocons/Neoliberals appear to hold most face-cards again.)

    “Who is playing the long game (in geopolitics) and what’s their game plan?” Charles Hugh Smith is not ready to cede (pyrrhic) victory to neocons just yet.

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