Saturday, February 28, 2015


News Links, February 28, 2015

## Global Ponzi meltdown/House of Cards ##
Gold Sovereigns Bought by Greeks in Volume as New Greek Drachmas Designed
German Parliament Approves Greek Bailout Extension
Greece runs out of funding options despite euro zone reprieve
Europe's Survival Depends on Debt Restructuring, Not Growth
How Much Will You Pay to Park Cash as Central Banks Go Negative?
Putin Scores Victory Over Ukraine Allies in Bond Market Collapse
Fighting eases in eastern Ukraine but economic collapse now looms
We've Just Received a Bunch of Disappointing News on U.S. Manufacturing
Paranoia And Purges For Venezuela As Oil Misery Continues Paranoia And Purges For Venezuela As Oil Misery Continues
Oil Burns A Hole; Malaysia's Billionaires Reel As Ringgit Slips
Things are looking up for the global gun market

## Airline Death Spiral ##
Airline passengers are paying the price so that investors can profit
Spirit Air Doesn't Care You Hate All Its Extra Fees
United Airlines warns pilots after errors lead to 'near misses'
AirAsia India posts Rs 21 crore loss
Man taken off Shanghai Airlines flight in handcuffs after refusing to leave window seat

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian opposition politician Boris Nemtsov shot dead in Moscow
How ISIS Pays Its Fighters——From Gulf State Bankrollers
U.S. Navy says it has been flying P-8 reconnaissance planes out of Philippines
The United States has been flying its most advanced surveillance aircraft, the P-8A Poseidon, out of the Philippines for patrols over the South China Sea, the U.S. Navy said on Thursday, acknowledging the flights for the first time.
Chinese diplomat tells West to consider Russia's security concerns over Ukraine
Western powers should take into consideration Russia's legitimate security concerns over Ukraine, a top Chinese diplomat has said in an unusually frank and open display of support for Moscow's position in the crisis.
Former NATO Intel Officer Blames US for Ukraine Crisis
A former NATO intelligence analyst has said that the crisis in Ukraine stems from as far back as 30 years when the United States "deliberately sabotaged" relations between Europe and Russia.
The "Snipers' Massacre" on the Maidan in Ukraine (PDF)
Three days ago, former U.S. diplomat William R. Polk, who served President John F. Kennedy during the Cuban Missile Crisis in 1962, warned that the West was risking a similar crisis in reverse by pressing NATO forces aggressively onto Russia's borders. He has now added this postscript about the need for wise leaders.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Live, From Athens: Anti-Government Protest
Antinuclear activists ordered to remove tents from ministry premises (Japan)
The Tokyo District Court on Thursday ordered the removal of tents erected by antinuclear campaigners on the premises of the economy ministry, which oversees the country's nuclear power industry.

## Energy/resources ##
As Oil Prices Collapse, North Dakota Considers Weakening Standards on Radioactive Drilling Waste
As the collapse of oil prices threatens North Dakota's shale drilling rush, state regulators are considering a move they say could save the oil industry millions of dollars: weakening the state's laws on disposing of radioactive waste.
If in doubt, externalize! -- RF
Enerflex shuts oilsands facility and cuts jobs amid squeezed margins
Oilfield services company Enerflex Ltd. is the latest entity in the Canadian oil patch to report compressed margins and job cuts as the oil price downturn continues to reverberate across the industry.

## Got food? ##
Internet, RIP? (Ron Paul)
Uber Security Breach Affected Up To 50,000 Drivers
A security breach at car service Uber may have disclosed the names and driver's license numbers of about 50,000 drivers across multiple states, the company said in a statement on Friday.
Personal info of 2 mln Beijing citizens leaked and sold

I mean it just doesn't get much more pathetic than this. Jeb Bush has such little genuine support, he was forced to bus in supporters from ground zero of American cronyism, K Street in Washington D.C., in order to ensure phony applause at the Conservative Political Action Conference (CPAC).

## Systemic breakdown/collapse/unsustainability ##
Road rage endangers everyone (US)
The National Highway Traffic Safety Commission reported that the number of fatal accidents in which law enforcement officers listed "road rage" as a contributing factor has increased tenfold since 2004.

## Japan ##
Japan's small firms hold out for Abenomics trickle down
Government proposes SDF rescue of Japanese
The government on Friday proposed that the Self-Defense Forces be allowed to rescue Japanese nationals embroiled in terrorist attacks overseas if a rescue by local police authorities cannot be expected.
Abe aims to formally authorize SDF ship inspections beyond Japanese waters
The Abe administration proposed Friday expanding the geographic range of ship inspections that can be conducted by the Self-Defense Forces beyond Japan.

## China ##
China and the Dragon Tail of Marx
The dragon tail of Marx's end-game of overcapacity and finance capital is about to shred China's fantasy that the state can micro-manage both capitalism and financialization with no contradictions or consequences.
China farming boom has left ecosystems in danger of total collapse
China's push for more intense farming has kept its city dwellers well-fed and helped lift millions of rural workers out of poverty. But it has come at a cost. Ecosystems in what should be one of the country's most fertile region have already been badly damaged – some beyond repair – and the consequences will be felt across the world.
Britain's social mobility 'cold spots'
Babies born since the credit crunch could become first generation to seen their chances of climbing the ladder decline, warns mobility tsar Alan Milburn

## US ##
The Recovery, Unemployment, and Earnings Are All Based on Fraud and Accounting Gimmicks
For six years, we've been told that the US economy is in recovery. This is a totally bogus narrative that was dreamt up by the Central Planners running the Fed. Remember the "green shoots" craze of 2009. It was BS. The US economy is a disaster and has been since 2009.
Too Big to Fail (infographic)
Prison-industrial complex: US sells prisoners to the highest bidders

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