Monday, December 22, 2014


News Links, December 23, 2014

## Global Ponzi meltdown/House of Cards ##
As Ford Closes, European Rust Belt Seeks New Ideas
Europe in Wonderland
For Rome, all roads seem to lead away from a single currency
Prime minister Matteo Renzi is trying to get growth going in Italy, but unless he can work a miracle, voters may eventually opt to leave the euro altogether
Gold "Terrifies" the International Monetary System
Physical gold is making a comeback in the international monetary system. Several governments and monetary authorities are aware of this and are worried about the existence of their gold reserves. I believe we are seeing the end of a game of musical chairs that will bring us a lot of bad surprises.
India Imports Record Amount Of Silver In November
Ukraine Central Bank Conned Into Swapping Its Gold For Lead Bricks
Russia to bail out Trust Bank with up to $530 million
China Offers Russia Help With Currency Swap Suggestion 
Russia's Crisis Is Europe's Crisis
ECB Apparatchiks Twisting Monetary Pretzels In Desperate Search For QE Auf Deutsch
Belarus In Full-Blown Hyperinflation Panic: Blocks News, Online Stores; Bans All FX Trading For 2 Years
If Energy Prices Remain Near Current Levels, Canada's Economy Is in Trouble

## Airline Death Spiral ##
Bob Hope Airport could try old name to boost traffic
Air rage on the rise in China
Aviation industry grows but bleeding airlines on the verge of collapse (India)
Travelers fume over extras they thought were included
European Carriers Attempt to Consolidate with IAG and British Airways Bid For Aer Lingus

## Fault lines/flashpoints/powder kegs/military/war drums ##
Kurds: Large portions of Iraqi town Sinjar seized from Islamic State
U.S. Soldiers Fight Islamic State in Iraq, Kurds Advance
Iraqi Air Force, In Combat Debut, Assists Peshmerga, Coalition In Mission To Push ISIS Back From Mount Sinjar
How Washington's Empire Builders Disrupted The Balkans And Shattered Ukraine
Nigerian Islamic uprising poses regional threat
U.S. Stockpiling Fighting Vehicles Near Iraq Ahead of Anti-ISIS Offensive
China sources say military building facilities on islands near Senkakus

## Global unrest/mob rule/angry people/torches and pitchforks ##
Spain Takes a Giant Step Backward, Towards Its Dark Past
New "muzzle" law sparks protests across Spain (+video)
Rising anger as Nicaragua canal to break ground
The New Sound of Crowd Control
Jiangsu teachers stage protest
Hundreds of laid-off teachers converged on government buildings in the eastern Chinese province of Jiangsu on Thursday in protest at the government's refusal to honor promises to give them civil servant status. 
Anti-austerity protesters attack Belgian PM with fries and mayo

## Energy/resources ##
OPEC Calls For Widespread production Cuts
Saudi Arabia says won't cut oil output
Russia-Turkey Axis Could Ruin EU Pipeline Plans
Oil Price Crash Triggered by the Fed? Amazing Chart
Dealing with nuclear waste in South Korea
Greed explained: J. Paul Getty, Aristotle and the Maximum Power Principle
As Michael Ruppert often observed, money just stands for energy. -- RF
Unprofitable Oil Fields Are Hiding Nearly a Trillion Dollars in Investment
Oil price fall puts squeeze on North Sea energy minnows
Peak Oil: the elephant in the room
US oil ends 3.3% lower, at $55.26 per barrel
Ukraine power shortage hits production at iron ore miner Ferrexpo
Ukraine threatens to cut off power to rebel-held regions if usage not curbed
Planned Australian LNG projects threatened by energy price crash
Canada's oil producers feeling pain of low prices as drilling rigs drop to 5-year low
President Widodo Seeks to Energize Indonesia's Moribund Oil, Gas Industry

## Got food? ##
In Mexico's fields, children toil to harvest crops that make it to American tables

## Environment/health ##
Lifestyle changes 'could protect 80,000 from dementia'
Harmful road traffic noise affects a quarter of Europeans: study
Warming Oceans Are Bleaching Coral Reefs, Putting Ecosystems at Risk

## Intelligence/propaganda/security/internet/cyberwar ##
Hacking Collective Anonymous Says FBI Is Lying, "North Korea Is Not Source Of Hack"
North Korea's Internet Down Days After US Promises 'Proportional Response' To Sony Hack
FBI Steered Itself Toward Blaming North Korea for Sony Hack
Russia's sole independent TV forced into meager studio
As this shows, the US has a far more sophisticated system for controlling the message. -- RF
Citizens Of Developing Nations Say Governments Don't Care What They Think
As Dick Cheney famously said, "If I were in business to be popular, I suppose I'd be worried about my poll ratings and so forth. I'm not." -- RF
The Future of Privacy
Dept of State Delays Release of Iran History
The U.S. Department of State has blocked the publication of a long-awaited documentary history of U.S. covert action in Iran in the 1950s out of concern that its release could adversely affect ongoing negotiations over Iran's nuclear program.
Japanese commentator reviews Chinese propaganda in US press
Conservative Abe's secrecy law doesn't hold a candle to Seoul's press suppression
S. Korea holds nuclear plant drills against cyber threats

## Systemic breakdown/collapse/unsustainability ##
The bigger they are, the harder they fall. Never before has there been a system on such a scale. When world-girdling, interconnected, and highly complex financial, trade, and energy systems crash — as they certainly will — global panic and massive disruption will ensue. Before the dust settles, untold millions of innocent people will suffer and die. But bunkers are not the answer. We need to build mutually supportive networks and communities which can form the core of new socioeconomic systems. Let the rich rot in their bunkers. -- RF
Forget Lost Decade, Japan Has Been 'Losing' Since WWII
Forget lost decade (or two), Japan's economic growth trajectory has fallen, almost unbroken, since the end of World War II.

## UK ##
Three quarters of councils are switching off or dimming streetlights
Of Britain's 5.7 million streetlights 558,000 now being shut off at night, an eight fold increase on 2010, figures show
Police departments on alert after cop killings
Big-city police departments and union leaders around the country are warning the rank and file to wear bulletproof vests and avoid making inflammatory posts on social media in the days after a man ambushed two officers and shot them to death inside their patrol car.
Most US States Are Seeing Jobs Growth, But New Unemployment Numbers Don't Tell The Whole Story
Tent city sprouts in shadow of downtown Detroit

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