Thursday, May 22, 2014


News Links, May 22-23, 2014

## Global Ponzi meltdown/House of Cards ##
The Global Path Of Fiscal Decay: A 100-Year Chart That Says It All
Not only has the global, non-defense budget balance dropped to never-before-seen levels, but it's falling along a trend line that shows no sign of flattening. The trend line spells fiscal disaster. It suggests that we've never been in a predicament comparable to today. Essentially, the world's developed countries are following the same path that's failed, time and again, in chronically insolvent nations of the developing world.
HP to cut 11,000 to 16,000 more jobs
Cut, baby, cut! -- RF
China Halts US Dollar Transactions With Afghan Banks
The Collapse of the International Monetary System and the Petrodollar, Part II
Greece sells 110 of its best beaches in the name of "development"
I'm a Fiat Slave, And So Are You
Tax slavery, debt slavery, wage slavery, and fiat slavery are four methods that elites employ to extract wealth from the people. To this list we should also add their encouragement of Ponzi gambling. Ponzi asset bubbles are constantly being created and citizens are encouraged to go into debt to "cash in" on bubble profits (or get wiped out in bubble crashes). Those five methods are the major wealth extraction methods they use.
You can easily see the important role played by the "credit score" in this scheme. -- RF
This Happened Twice Before, And Each Time Stocks Crashed

## Airline Death Spiral ##
Qantas axes plans for growth as capacity war with Virgin Australia comes to an end
Etihad's secret Abu Dhabi royal family loan revealed
Etihad Airways received massive financial support from the royal family of Abu Dhabi contrary to long-standing denials, documents obtained by Fairfax Media show.
Gov't says airlines should disclose bag, seat fees
Ultimatum for Air Mekong
Yes, passengers are more squished than ever
All airlines except IndiGo and GoAir expected to post losses during FY 2014 (India)
Open Skies widens El Al loss (Israel)
Japan looks to foreign, SDF pilots to fill void at low-cost carriers

## Fault lines/flashpoints/powder kegs/military/war drums ##
Thai military seizes power in bloodless coup
Offensive in Libya by former Gadhafi general aimed at breaking Islamist control
U.S. Deploys 80-Man Force to Help Find Nigerian Girls
Who Needs The United States? Not Russia And China
Pakistan army starts North Waziristan ground offensive
The Battle For Africa: Chinese Investments Vs US Military

## Global unrest/mob rule/angry people/torches and pitchforks ##
Explosions rock market in China's violence-ridden Xinjiang region
Deadly attack in western China suggests new tactics for separatists
China calls for new security pact with Russia, Iran
China's president called Tuesday for the creation of a new Asian structure for security cooperation based on a regional group that includes Russia and Iran and excludes the United States.
No More Impunity! Communities Worldwide Protest 'Gangster Corporation' Chevron
'Not Lovin' It': Low-Wage Workers Met by Riot Police Outside McDonald's HQ

## Energy/resources ##
Maersk Drilling Chief Says Rigs Dip Could Extend To 2018
The global offshore drilling market's dip could be longer than previously expected and charter rates could take until 2017 or 2018 to recover to last year's levels, the head of Maersk Drilling said on Thursday.
Export Delusions: Why the rush to export natural gas is a fool's errand
U.S. Commerce Secretary Brings Delegation To Africa In Search Of Energy Contract
China signs 30-year deal for Russian natural gas
Japan's quest to tap the natural gas beneath the ocean floor
If you are in a hurry, just read the last paragraph. -- RF
Global Oil Demand Showing Slower Growth
China's Oil Imports From Iran Rise to Record on Condensates Use
Libya's major western oilfields remain closed
Operations closed at Norway's fourth-largest field
The sower's strategy: how to speed up the sustainable energy transition
Joint venture for Israel's Leviathan gas field dissolves
Punjab stares at blackouts over lack of coal supply (India)
Interest In Solar Energy Rises, Even In Saudi Arabia
The California Shale Bubble Just Burst
The great hype surrounding the advent of a shale gas bonanza in California may turn out to be just that: hype. The U.S. Energy Information Administration (EIA) – the statistical arm of the Department of Energy – has downgraded its estimate of the total amount of recoverable oil in the Monterey Shale by a whopping 96 percent.
Implats CEO says South Africa platinum strike could last much longer
Hot On The Heels Of Its China Breakthrough, Russia Set To Build Eight Nuclear Power Plants In Iran
US railroads to struggle with summer coal demand

## Got food? ##
Missing Calories In A Bug Out Location
The Vegetables Most Americans Eat Are Drowning In Salt And Fat
McDonald's answers 'Why doesn't your food rot?'
All About Bees: The Great Garden Pollinators

## Environment/health ##
Rio 2016 Olympics: Sailors warned over sewage-infested waters, dog carcasses and even 'human corpses' in Guanabara Bay
Reef fish lose brain power as oceans acidify
Airline Seats a Bacteria Haven
French lab shut after losing SARS virus samples
French medical authorities have ordered a prestigious laboratory to suspend its activities after it lost more than 2,000 test tubes containing the SARS respiratory virus.
Mutant virus experiments risk unleashing global pandemic, study warns
Superbugs pose graver threat than climate change: scientists
Market For Black Market Organs Expands
Mass Fish Deaths: Millions Have Been Found Dead All Over The World In The Past Month
Singapore braces for worst 'haze' as Indonesia fails to halt slash-and-burn clearances
Impact of plastics pollution in ocean to be studied

## Intelligence/propaganda/security/internet/cyberwar ##
Secrets, lies and Snowden's email: why I was forced to shut down Lavabit
For the first time, the founder of an encrypted email startup that was supposed to insure privacy for all reveals how the FBI and the US legal system made sure we don't have the right to much privacy in the first place
Philippine hackers take down 200 Chinese websites
China Bans Windows 8 From Government Computers After Leaked Warning By Germany About Backdoor To NSA
The secret relationship between Silicon Valley and the NSA
U.S. utility's control system was hacked, says Homeland Security
A sophisticated hacking group recently attacked a U.S. public utility and compromised its control system network, but there was no evidence that the utility's operations were affected, according to the Department of Homeland Security.
Saying It Was Hacked, EBay Urges Users To Change Passwords
Ads on Your Fridge? Google Says it Could Happen
Data breach! U.S. tops list of victims, study shows
Smart or stupid: will our cities of the future be easier to hack?
Congress Guts Anti-NSA Spying Bill Beyond Recognition; Original Cosponsor Justin Amash Votes No
Edward Snowden Gives Wide-Ranging Interview to Brian Williams
Here come the rice-grain-sized brain implants: Stanford discovers way of beaming power to microimplants deep inside your body

## Systemic breakdown/collapse/unsustainability ##
The Connection Between Oil Prices, Debt Levels, and Interest Rates
GM adds 284,000 older cars as number of U.S. recalls this year hits 29
Toyota recalls 466,000 vehicles spare tire, braking issues

## Japan ##
The Sheer Lunacy Of Abenomics: The Biggest Government Borrower In The World Is Destroying Its Own Bond Market
Butter imports to ease shortage
Oi ruling may fuel anti-nuclear push
Poll shows more than 50% wish to continue working after 65
Govt thinking of authorizing PM to call forth troops on 'gray zone' situations
SDF drill simulates retaking island
Amami-Oshima top candidate to host new SDF unit
Japan's Fukushima operator begins groundwater release to ocean

## China ##
China's Immense Property Overhang: Even Goldman Sees Big Downturn Straight Ahead
Xinjiang attack highlights China's ethnic powder keg
China stockpiles oil at record rate amid global tensions

## UK ##
Shelter: 4,000 English households risk losing homes every week
More than 4,000 households in England are at risk of losing their home every week amid high housing costs and a shortage of affordable homes, according to the charity Shelter.
Fracking planned for Tory heartlands as report reveals billions of barrels of shale oil in southern England
Report to show vast potential for shale oil in the South as ministers unveil planned law change to allow fracking under homes without owners' permission
The £100 billion tax-free 'shadow economy'

## US ##
The Hollow Recovery: Rebound For The Top 20% Of Households; Wage Stagnation And Welfare For The Rest
Leverage in PE Deals Soar Despite Fed Warnings; Amidst Insatiable Demand for Risky Fannie Mae Debt
27 Huge Red Flags For The U.S. Economy
Cleaner air could mean higher electric bills
The Keynesian Economy In One Chart: Peak Real Median Income In USA=1999; 30 States=2004 Or Earlier; Washington DC=2012
Geithner Uses Voodoo Economics to Try to Rationalize Choosing Banks Over American Homeowners
'Incarceration if you're poor, payment if you're rich': Reports warn of debtors' prisons
A Tale of Two Charts (and Two Economies)
These divergent stories are possible because the data supports two parallel universes: one in which the booming market is held up as evidence the overall economy is expanding to everyone's benefit, and the other a manipulated market that has expanded not as a reflection of growth but of a staggering loss of purchasing power of the U.S. dollar and a central bank transfer of wealth from the many to the few who own the majority of financial assets.
Booming Retail Sales Hide A Terrible Problem in America
The gains are driven by the Fed's free printed money stuffed into the trading accounts of Primary Dealers who then lend nearly free money to their hedge fund customers. Meanwhile both of them extract massive rents from that system and spend some of that in US retail stores.
Introducing "Subprime Business Lending" – Loans with 125% Interest Rates Are Being Securitized and Sold to Investors
Sign of the Times? More Towns Warned They Could Run Out of Drinking Water
Detroit not alone, expect more bankrupt cities: Expert
New Jersey economic comeback? Fuhgeddaboudit!
War on the Poor: Poor People Can Pay Twice After Committing A Crime
Existing Home Sales "Rebound": Headline Hype vs. Reality
The Perverse Impact Of ZIRP: Old People Keep Working, Young People Live In Their Basement
The US Shale Oil Miracle Disappears
California takes first step toward curtailing water rights
House Rejects Measure to End War on Terror
Poll: 47% of Unemployed Have 'Completely Given Up' Looking for a Job
Planned Homeland Security headquarters, long delayed and over budget, now in doubt

And finally...
Hamster butts are the latest adorable animal trend

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