Saturday, December 06, 2014


News Links, December 7, 2014

## Global Ponzi meltdown/House of Cards ##
Italy Downgraded on Deflation, Debt Concerns by S&P
Roubini Sees "Mother of All Asset Bubbles", But Claims Bubble Will Not Burst Until 2016
150 Billion Reasons Why Low Oil Prices Are Not Good For The Global Economy
Growth forecast for German economy slashed in HALF after ECB keeps eurozone investors waiting for money-printing stimulus
Two more countries dump the dollar and begin trade in their own currencies
Voices Grow Louder To End The US Dollar's Reserve Status
It's official: The hot streak Canada's big banks were on is over
Malaysia faces fiscal shortfall as tax revenue dwindles
Falling oil prices are taking a toll on Malaysia's economy, sparking fears that a decline in tax revenue will stymie government efforts to restore fiscal balance.
The Only Two Charts You Need to Understand the S&P 500
French homeless forced to wear 'yellow triangles'
The city of Marseille has been blasted for using Nazi-era tactics to identify its homeless population by issuing them with ID cards, adorned with a yellow triangle. The cards detail their health issues and will be worn visibly.
EU may scrap plan to separate bank trading activities
The European Union may ditch plans to force banks to keep high-risk trading activities separate from their main businesses because of opposition from some member states.
Afghanistan: The Making of a Narco State
After 13 years of war, we haven't defeated the Taliban, but we have managed to create a nation ruled by drug lords.
16 Pages Of Reckless Bombast——- Congress 'Declares War' on Russia (Ron Paul)
Surely with our sophisticated satellites that can read a license plate from space we should have video and pictures of this Russian invasion. None have been offered. As to Russia's violation of Ukrainian sovereignty, why isn't it a violation of Ukraine's sovereignty for the US to participate in the overthrow of that country's elected government as it did in February? We have all heard the tapes of State Department officials plotting with the US Ambassador in Ukraine to overthrow the government. We heard US Assistant Secretary of State Victoria Nuland bragging that the US spent $5 billion on regime change in Ukraine. Why is that OK?
Meet Ukraine's New Finance Minister: Washington's $150 Million Bag Lady In Kiev
Ukraine's new Finance Minister Natalie Jaresko, a former U.S. State Department officer who was granted Ukrainian citizenship only this week, headed a U.S. government-funded investment project for Ukraine that involved substantial insider dealings, including $1 million-plus fees to a management company that she also controlled.
US Government Study Predicts TPP Trade Agreement Will Produce Practically No Extra Growth For Anyone
South Korea betting on casino resort business
Oil And The Global Slowdown: It's time for central banks to admit their failures
The problem, as always, is that we have a monetary system that is either expanding or collapsing. It has no steady state. Either money and credit are expanding and the banks are relatively happy or the banks are collapsing and demanding taxpayer bailouts.
Japan's Debt Hits 245% of GDP… US Next?
It's official (finally): The US is no longer the world's #1 economy
Gold Drain at the New York Fed: Where's It Going?
Indians have $1 trillion worth of gold!
China's gold reserves may be greater than official figure

## Airline Death Spiral ##
Modern flying: a triumph in socialism
Hawaiian flights will get squishier

## Fault lines/flashpoints/powder kegs/military/war drums ##
UK Signs Deal To Build Its First Military Base In Bahrain Amid Instability In Middle East
Iran confirms it carried out air strikes against Islamic State extremists in Iraq
New U.S. military command established for Iraq and Syria operations
New US Command Signals Escalation in Iraq, Syria
US Will Keep 1,000 Extra Troops In Afghanistan In Early 2015
Mystery Surrounds NASA's Secret Mission in Africa

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests Spread Across U.S. as Thousands Take to NYC Streets
Low-Wage Workers Retake National Stage in 'Fight for 15'
'Justice for Rumain': Latest Police Shooting of Unarmed Man in Phoenix Adds to Growing Outrage
Demonstrators stage 'die in' at NYC Apple store, Macy's
Worldwide protests continue against U.S. police violence

## Energy/resources ##
Statoil suspends rig operations in rough market
Current market conditions are making it difficult to sustain drilling operations in Norwegian territorial waters, a procurement director at Statoil said Friday.
Oil Investors at Brink of Losing Trillions of Dollars in Assets. Gore: It's That Road Runner Moment
How Much Will $60 Oil Hurt Louisiana?
Alarm bells toll for human civilization as world's 12th largest mega-city to run out of water in just 60 days
Maldives declares state of crisis as it faces water shortage
Nuclear Incident Leaves Doubts Over Ukraine's Energy Security
South Africa implements rotating blackouts
US Shale Under Pressure From More Than Just Low Prices
Ukraine, feeling winter chill, pays $378 mln for Russian gas
50,000 tons of Russian coal enter Ukraine
Romania needs 100 bln euros in energy investment by 2035 -ministry
Good luck! -- RF
Hard Times in a Boom Town: Pennsylvanians Describe Costs of Fracking

## Got food? ##
EU deal gives countries opt-out on growing approved GM crops
Devastating olive harvest will make Italy's good oil scarce and expensive
Food prices set to rise faster than inflation next year (Canada)
Year-Round Food Production: So Much More Than a Greenhouse

## Lifestyle Solutions ##
3 Ways Technology Rules Us (And How To Break Free)

## Environment/health ##
Amid India's Coal Fields Death Lurks in Poisoned Water
California's 'Hot Drought' Ranks Worst in at Least 1,200 Years
80,000 birds to be euthanized in B.C. because of avian flu
New Case Of H7N9 Bird Flu Diagnosed In China
A 38-year-old man has been diagnosed with H7N9 avian flu in Shanghai, China Central Television News reported via its official account at Twitter. The man is currently being treated in a hospital, CCTV News said, but it did not specify where. The announcement represents the second reported case of H7N9 in China in the past two weeks.
The post-antibiotic future is here: Chilling report highlights the reality of a global crisis

## Intelligence/propaganda/security/internet/cyberwar ##
Hackers threaten Sony staff in new email
Cyberattacks on infrastructure on the rise
Cyberattacks originating from state-sponsored hackers and overseas digital criminals have transcended identity theft and now pose a threat to physical infrastructure and industries, experts told CNBC on Friday.
The Most Horrifying Music Video You'll Ever See – A Country Song Dedicated to Hilary Clinton
Ukraine just created its own version of Orwell's 'Ministry of Truth'

## Systemic breakdown/collapse/unsustainability ##
Rage Against the Dying of the Lights
Dark Age America: The Fragmentation of Technology
The end of global development as we know it
Development professionals do their work under the assumption that the developing world will some day look a lot like the developed world. But there's a good chance that they're wrong. A practical look at the world's energy supply, and interesting new research into the link between energy, culture and quality of life, shows that the reverse is probably true: The developed world will soon look more like the developing world. Here's why that's happening and what we can do to prepare for a big change right now.

## Japan ##
09-Year Old Glassmaker Driven to Bankruptcy by Abenomics
The maker of optical filter glass from the country's industrial heartland in Osaka was one of a record number of corporate failures last month linked to the slumping currency.
Airlift to ease Japan french fry shortage
'Stagflation' Possible for Japan, Morgan Stanley Says
So the Japanese Government Bond Market Is Dead. And the Yen?
Weak yen broadening rift between large and small, rich and poor

## China ##
Power Demand Means $65 Billion a Year Task for China State Grid
China Bad-Loan Level Seen Understated After Economy Slows
China's corruption crackdown takes toll on Macau's U.S.-owned casinos

## UK ##
'Colossal' spending cuts to come, warns IFS
London Property Bubble Primed To Burst - Consequences For UK Economy and Sterling
Chief constable warns against 'drift towards police state'

## US ##
Consumer Credit Growth Misses For 3rd Month, Credit Card Debt Trickles To A Halt
US crude imports from Non-OPEC countries peaked 10 years before tight oil boom
Wall Street Moves to Put Taxpayers on the Hook for Derivatives Trades
Is the Auto Loan Bubble Bursting? Delinquent Loans Jump 27% Year-Over-Year
'Near Perfect' Indicator That Precedes Almost Every Stock Market Correction Is Flashing A Warning Signal
US November Jobs Report Hides Hardships Of Temporary And Part-Time Workers
Something Doesn't Compute: Inside The BLS Jobs Data
Hiring R2D2 to protect your mall or campus—all for $6.25 per hour
Ohio Woman Kicked Off Welfare For Not Reporting She Was In a Coma
More Sears and Kmart closings than first announced
Camp Pendleton Marines To Conduct Training In Downtown LA
Why The Malls Are Quiet: Shopping Is Tough When Nobody Will (Or Can't) Use Their Credit Cards
US Birth Rate Hits All-Time Low

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