Friday, January 03, 2014


News Links, January 1-2, 2014

## Global Ponzi meltdown/House of Cards ##
The Trends to Watch For in 2014
Government overreach, economic stagnation & civil discontent
Well worth reading. A good list of things to keep in mind as we move into 2014. -- RF
France in Review: Perfect Track Record of Economic Ineptitude
Poverty In Italy Rises To All Time High
The Eurozone's New Problem: Germany's Massive Trade Imbalance
China said to regard gold as the center of a new and fair monetary system
Bloomberg TV lets Rickards explain the gold price/demand incongruity
Bloomberg News Television today gave fund manager and geopolitical analyst James G. Rickards four minutes to explain the incongruity between the falling gold price and the extraordinary demand for the metal, which he said probably involves market manipulation. Rickards cited the flow of Western gold to China through Switzerland and added that the decline in gold holdings claimed by the exchange-traded fund GLD is actually bullish for gold because bullion banks have been unable  to obtain gold except by liquidating GLD's metal. The paper shorting of gold, Rickards said, is based on a very small amount of metal. "At some point," Rickards said, "you're going to want your gold and there's not going to be any around."
Russian Banks Buy 181.4 Tons Of Gold In 2013
Surprises Lurk with Pending Obama Trade Deals
Hewlett-Packard to cut 5,000 more jobs
Hewlett-Packard Co said it would cut 5,000 more jobs, bringing the total number of layoffs to 34,000, or 11 percent of its workforce.
When the Giants Unwind
The world has depended on Chinese and American stimulus for years, and one implication of their tightening is a slowing global economy in 2014
Avoid gold: The last correction took 20 years (Yahoo! Finance)
Gold Bulls Retrench as Price Drops Most in 32 Years: Commodities (Bloomberg)
Get the message? Do not buy gold! Instead, be a smart investor and help keep the stock market bubble inflated! -- RF

## Airline Death Spiral ##
Lower passenger traffic seen for 2014 as fleets deplete
The effect of shortage of airplanes on the fleets of Nigeria's domestic airlines was vivid during this holiday season with hundreds of passengers often stranded at airports around the country.
CEO predictions for the next 100 years of flying
Int'l airlines strengthen networks, increase fees ahead 2014
Airline taxes in America: Get ready to pay more

## Fault lines/flashpoints/powder kegs/military/war drums ##
Biggest Threat to World Peace: The United States
In their annual End of Year survey, Win/Gallup International found that the United States is considered the number one "greatest threat to peace in the world today" by people across the globe.
Iran says nuclear deal to be implemented in late January
The invisible man: Bill Burns and the secret Iran talks
Was Mysterious Attack on Calif. Power Station a 'Dress Rehearsal' for Much Larger Assault on U.S. Electrical Grid?
Mogadishu hotel targeted by bombs, at least 11 killed
Latvia becomes 18th state to join the eurozone
Nations scramble for position in the melting Arctic; US racing to catch up, but far from lead
Chinese iron trade fuels port clash with Mexican drug cartel
Turkish minister says fending off 'mini-coup attempt'
Maliki Orders More Troops to Protesting Cities
Resentment toward the Maliki government is only growing worse today, and after several police stations were burned the Iraqi PM has reversed his promise to withdraw the military from cities in the Anbar Province, and is now ordering even more troops than before.
Thai political crisis worsens

## Global unrest/mob rule/angry people/torches and pitchforks ##
Bahrain impasse risks more instability in 2014
Bahraini government and opposition groups are sliding into an increasingly dogged confrontation amid rising fears over violence, with authorities using arrests, raids and strict new laws against activists seeking political reform.
Thousands block Central African Republic flights in plea for help
Thousands of people caught up in fighting in Central African Republic blocked the runway of its international airport on Tuesday, demanding more aid and the resignation of the president.
Thousands march for democracy in Hong Kong

## Energy/resources ##
N.D. Oil Train Fire Spotlights Risks of Transporting Crude
Security Sources: Gunmen Blast Natgas Pipeline In Sinai
Tembo Steel closes Iganga plant over power shortage (Uganda)
Big Challenges Facing Big Oil
Energy crisis forces companies close operation
Power and energy shortages in North Sumatra have taken a toll on the industrial sector across the province as several companies have reportedly closed their businesses.
Federal Cabinet meeting on energy crisis today (Pakistan)
Commodity Storage Rates to Rise Again

## Got food? ##
The only way to defeat the food industry: Cook more

## Environment/health ##
Heatwave kills seven in Argentina
Mystery illness killing bald eagles determined

## Intelligence/propaganda/security/internet/cyberwar ##
Apple: We played no role in the NSA's alleged iPhone hack
Executive Order 12,333: Permission to Spy on the Whole World
U.S. to China: We Hacked Your Internet Gear We Told You Not to Hack
Is The NSA Quartering "Digital" Troops Within Our Homes?
Cyberwar Takes Center Stage in Defense Budget

## Systemic breakdown/collapse/unsustainability ##
Chicago pension crisis called worst in nation
Despite hunger for change, Washington gridlock will likely continue
New Year's Eve: Dubai blasts old record in fireworks blitz
Everybody wants to go out with a bang, right? OK, I'm not saying that 2014 is the year of Dubai's collapse, but it's possible. At any rate, Dubai is clearly unsustainable, and it's just a matter of time until a grand fireworks show of a very different kind spreads excitement around the world. -- RF

## Japan ##
Fukushima meltdown? Mystery steam rising over Reactor 3
Unexplained plumes of radioactive steam have been rising from Fukushima's Reactor Building 3, Could a major meltdown be on the way?
Infrastructure upkeep could hit ¥5.5 trillion
Annual maintenance and renewal costs for Japanese infrastructure are expected to reach as much as ¥5.5 trillion in 20 years, according to government advisory bodies.
Food product recall in Japan may involve foul play
Japan's population falls 'by record 244,000' in 2013
Fukushima Ghost Towns Struggle to Recover Amid High Radiation Levels
Japan minister follows Abe to war shrine, pouring salt on wound for China
Japan's State Secrets Law: Hailed By U.S., Denounced By Japanese

## China ##
China says to rein in local debt, push financial reform
Chinese recycling tycoon says he wants to buy New York Times
Chinese Firms start giving Gold Bars for a New Year Bonus
New Year's Eve Gold Rush At Shanghai Shopping Mall
Asia's Worst Performer of 2013 – Shanghai
Chinese state firms looking malnourished in 2013: report

## UK ##
Ofgem: Old power plants plan for energy crisis
"Mothballed" gas-fired power plants could be used as a "last resort" in the event of a power shortage, under new rules.

## US ##
Cold facts: More record lows than highs in USA in 2013
Afghanistan war more unpopular than Vietnam
Younger military veterans are angered by budget cuts to their pension benefits
IRS data shows 50 percent of households make less than $35,000 per year.
Bernanke has set the stage for the Fed's collapse -Jim Rogers
Wall Street Sings While Americans Sob: Happy New Year One and All
40,000 new laws take effect in 2014
How Will The Economy Improve In 2014 If Almost Everyone Has Less Money To Spend?
Life in the Emerging American Police State: What's in Store for Our Freedoms in 2014?
6 Things That Will Cost More in 2014

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