Thursday, April 23, 2015


News Links, April 23, 2015

## Global Ponzi meltdown/House of Cards ##
Currency Wars Back As Russia Buys One Million Ounces of Gold in March
China's Stealth Gold Reserves To Quadruple as IMF Seek Answers
Euro-Area Debt Levels Surge to Record, Led by Greece
ECB Prepares To Sacrifice Greek Banks With 50% Collateral Haircut
After Asia's Debt Binge—–The Hangover Begins
Asian Infrastructure Investment Bank's popularity setback for U.S. diplomacy
The Bankster War on Cash; JPMorganChase Begins to Prohibit the Storage of Cash in Its Safety Deposit Boxes
This Is Nuts——$5.3 Trillion Of Government Bonds Now Have Negative Yields
Get Ready For The Biggest Margin Call In History
Welcome to the 'New Mediocre' of a world drowning in debt

## Fault lines/flashpoints/powder kegs/military/war drums ##
EU to launch military operations against migrant-smugglers in Libya
South East Asia accounts for 55% of the world's 54 piracy and armed robbery incidents since the start of 2015.
The US Hand in Libya's Tragedy
Some 900 Libyans may have died when their boats capsized in the Mediterranean Sea as they fled the barbaric chaos that the Obama administration helped unleash in Libya in 2011. Yet, the mainstream U.S. media has amnesia about the bloody American hand in this tragedy.

## Global unrest/mob rule/angry people/torches and pitchforks ##
UK activists protest 'shocking' detention centres
Baker Hughes cuts 10,500 from payroll
"Extreme market forces" are in play in the global energy sector, oil services company Baker Hughes said Tuesday in announcing widespread layoffs.
Statoil CEO: Cost, Carbon Emissions 'Formidable Challenges' for Industry
The global oil and gas industry's faces a 'frightening cocktail' of future challenges unless it finds a way to lower costs while transitioning to a lower carbon future, Statoil ASA CEO Elgar Saetre told attendees at the IHS CERAWeek conference Tuesday in Houston.
Half of U.S. Fracking Companies Will Be Dead or Sold This Year
Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said.
What Happens To US Shale When The Easy Money Runs Out?
Today we will take a look at both Whiting Petroleum (WLL) and Continental Resources (CLR) as far as their Bakken economics. Overall the numbers will show that, despite claims of low cash costs per MBOE ($16 or so for CLR) and high IRRs on $60 WTI, the facts say otherwise. In addition, the analysis will show how very high depletion rates combined with falling rig counts spells trouble for Bakken production growth despite better efficiencies per well.
Washington State Hit With Brutal Drought
Authorities in the state that produces nearly 70 percent of U.S. apples for fresh consumption and loads of other foodstuffs have declared "drought emergencies" in 24 of its 62 watersheds—or 44 percent of the state's area.

## Propaganda ##
The West Snubs Russia over V-E Day
Last year's U.S.-backed coup in Ukraine – followed by violence and tensions – has soured plans for the May 9 commemoration in Moscow of World War II's V-E Day, the Allied defeat of Nazi Germany, a war which cost the Russian people nearly 27 million dead.

## Systemic breakdown/collapse/unsustainability ##
Yemen healthcare services on brink of collapse, WHO says
F35, The Jet That Ate the Pentagon
The F-35 is the most expensive weapons program in history, with a total cost of $1.5 trillion, that has turned into a total fiasco.
Although framed as a catastrophe by brain-dead growth advocates, a natural decline in population is the best thing that could happen to any country now. -- RF
Water rate hikes in works to cover costs of upgrading aging mains
Local governments are looking to raise water charges because they are financially struggling to repair or renew aged mains and other equipment.
Just imagine the scale of collapse when urban functions begin to deteriorate. -- RF

WI Republican Proposes Jim Crow Diet For The Poor
The return of the broke homeowner
Between 2006 and 2014 9.3 million homeowners were foreclosed on, received a DIL or short sold.
US Steel Warns Of Layoffs In Arkansas And Texas As Trans-Pacific Partnership Looms
San Fran housing rent up a sizzling 14.8 pct. in 12 months
Hello? 8M phone calls unanswered as IRS cut taxpayer service
U.S. Poultry Exports Fall Amid Bird Flu Scare
Nearly a third of savers have less than $1,000 for retirement
U.S. top court makes it easier for people to sue the government
9 States Running Out of Water

And finally...
Humans Score Rare Victory Over Machines As Colorado Man Executes Computer In Alley

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