Thursday, January 22, 2015


News Links, January 23, 2015

## Global Ponzi meltdown/House of Cards ##
A Billionaire Lectures Serfs in Davos – Claims "America's Lifestyle Expectations are Far Too High"
Central bank prophet fears QE warfare Pushing World Financial System out of Control
India revives sell-off drive in race to hit deficit target
Why Falling Prices Are Actually a Really Bad Thing
Bank of Canada in shock rate cut amid oil slump
Canada hit hard by falling oil prices
With Bank of Canada rate cut, sub-2% mortgages are coming to a bank near you
Canadian dollar falls fast and furious: 'The race to the bottom continues'
Canadian Recession Coming Up: Yield Curve Inverts Following Unexpected Rate Cut; Loonie at Six-Year Low
Report: Unemployment to continue to rise over the next 5 years
Unemployment will continue to rise in the coming years globally, warns a new report by the International Labour Organisation (ILO).
Malaysia Slashes 2015 Budget, Cuts Growth Forecast
ECB unleashes its most aggressive effort to revive economy
SocGen Explains That Since The ECB's QE Will Fail, It Will Need To Be Increased To €3 Trillion, Include Stocks
Greece Bank Withdrawals Reached €4.2 Billion in 3 Days
Revised Greek Default Scenario: Liabilities Shifted to German and French Taxpayers; Bluff of the Day Revisited
In shortages-hit Venezuela, lining up becomes a profession
Ski resorts in Switzerland cut prices by 20pc
Central Bank Impotence: ECB as Impotent as Obama
McKinsey: Business needs to deal with youth unemployment

## Cut, Baby, Cut! ##
Ebay Inc cuts 2,400 jobs as it considers sale or IPO of enterprise unit
AmEx to Cut More Than 4,000 Jobs This Year After Unit Sale
Total Announced North American Job Cuts In 2015 Just Topped 32,000
UK hit by more oil job cuts as Talisman lays off staff
BNP Paribas CIB eyes job cuts -Les Echos
Dreamworks cutting 500 jobs in restructuring
2014 Tech Job Cuts Hit Highest Level Since 2009 -- Challenger

## Airline Death Spiral ##
Airline merger mania over? Not so, says industry veteran
Southwest Airlines passenger, clobbered by large bag falling from overhead bin, sues for $49,000
Ridiculous Delays Are Making Airline Passengers Do Crazy Things
United Airlines cancels twice-daily flights to Denver from Saskatchewan
United Airlines 4Q profit drops 80 percent on write-downs
United Airlines' fourth-quarter profit fell 80 percent due to severance costs and contracts that lost value as oil prices tumbled.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Saudi Arabia's King Abdullah dies at 90
Russia Ends Nuke Cooperation With US, Endangers Global Terrorism Fight
Russia set to continue nuclear energy security cooperation with US
Russia is not giving up nuclear energy security cooperation with the United States, the Russian civilian nuclear energy corporation Rosatom said on Thursday.
Report: Israel didn't know Iranian general was in bombed convoy
Mossad Splits With Netanyahu, Warns Against Iran Sanctions
ISIS Gaining Strength, Warns Iraqi VP Ayad Allawi
Yemeni government resigns amid Houthi militia siege
US should deploy troops to Baltics: Brzezinski
The United States and its allies should deploy troops to Baltic states to deter Russia from staging a possible incursion in those countries, former presidential national security adviser, Zbigniew Brzezinski, told lawmakers Wednesday.
Nisman's Suspicious Death Is Tearing Argentina Apart
Oil Drillers 'Going to Die' in 2Q on Crude Price Swoon
Oil drillers will begin collapsing under the weight of lower crude prices during the second quarter and energy explorers who employ them will shortly follow, according to Conway Mackenzie Inc., the largest U.S. restructuring firm.
12 Signs That The Economy Is Really Starting To Bleed Oil Patch Jobs
Oil Majors Seek To Claw Back Costs From Service Firms
Global oil majors say they are demanding cheaper but better services from engineering and service companies, or simply taking work back in-house, after losing hundreds of billions on cost overruns in the last five years.
The company in question is Shell--which recent filings suggest is close to a deal to divest long-time holdings in one of its key oil-producing regions. Offshore Brazil.
Why the Great American Oil Bust Will Be Long & Painful
Layoff announcements have been ricocheting around the oil and gas sector, fleshed out with individual stories that percolate up to me. The entire sector is cutting operating costs and capital expenditures as fast as they can crunch the numbers. Revenues are plunging largely in sync with the collapsing prices of oil and natural gas.

## Intelligence/propaganda/security/internet/cyberwar ## Sends Personal Data to Dozens of Tracking Websites

## Systemic breakdown/collapse/unsustainability ##
Japan's used car market has been shrinking since 1997. More drivers are holding onto their vehicles for longer periods.
Food stamp usage is still near record levels even in the face of a dropping unemployment rate.
Asset Ownership and Our System of Deepening Debt-Serfdom
The core dynamic of debt-serfdom is that debt-serfs must borrow money to buy essentials while the wealthy borrow to invest in productive assets. This is not merely a random result of free-market capitalism; it is the structure of cartel-capitalism in which highly profitable goods and services must be paid for with highly profitable debt.
Do We Want Solutions, Or Just What's Easy?
We are so brainwashed by centralized models of state authority that few can even imagine a system where the solution is not one centralized monstrosity ruled by a political/financial Aristocracy but a competing profusion of opt-in, transparent solutions.

And finally...

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