Wednesday, May 06, 2015


News Links, May 7, 2015

## Global Ponzi meltdown/House of Cards ##
'Warning lights' flash over Greece and France as manufacturing stumbles
Dr. Chris Martenson: "Mother of All Collapses" Looms
Gold Withdrawals From NY Fed Vault Refuse To Stop: 200 Tons Of Gold Repatriated In Past Year
Greece: Ports prepare for 'new national currency' as Grexit looms
Municipal authorities in Greece have begun writing contracts for "payments in euros or any national Greek currency" in anticipation of "Grexit" as the government admitted yesterday that the country was running out of cash.
China mulls new monetary tool that 'the world has never seen'
China's Bull Market Long In The Tooth——-Reversal Near
Australia Central Bank Cuts Rates To Record-Low 2%
Experts Are Warning That The 76 Trillion Dollar Global Bond Bubble Is About To Explode
Japan-led Asian Development Bank to work with China's AIIB
6 countries where China is winning Latin America
Puerto Rico appeals for options to restructure $9 billion in muni debt
High End Real Estate in Canada in Frenzied Bubble Blow-Off
Ultra-Secrecy Surrounds Barack Obama's New Global Economic Treaty
It's Not Greek ATMs Running Out of Cash. It's Germany's
A 'Cash-Less Society' = Bullion Confiscation
Real Estate: The $100 Million House Is Here
European 10-Year Bond Yields Spike Higher; Contagion Already? Something Worse?
There Will Be No 25-Year Depression (It Will Be Much Worse)

## Airline Death Spiral ##
Airline Deregulation And The Beleaguered Traveler
Germanwings co-pilot practised his crash on another flight – report

## Fault lines/flashpoints/powder kegs/military/war drums ##
Two Chinese Warships Enter The Black Sea
Kerry trip to Djibouti highlights importance of small nation
Alert readers will recall this article about Japan's base in Djibouti. -- RF
Once Iran's ally, Sudan sends advisers for Yemeni offensive Iran opposes
New Saudi King Unveils Internal Power Shake-up in Desperate Pivot Toward Increased Authoritarianism
U.S. Navy stops accompanying ships through Strait of Hormuz
Russian Military Report Claims MH17 Shot Down By Ukrainian Buk Missile System
NATO Not Responsible For Ukraine's Security From Russia, Should Focus On Member Nations, Latvian Envoy Says
Japan to give Australia classified submarine data
Australia Wants Japan To Build New Submarine Fleet, European Defense Contractors Demand Fair Process
Philippines, Japan coast guards hold anti-piracy drills
Record breaking numbers of people displaced because of war and violence
Last year, 38 million people were displaced within their own countries because of jihadist violence, political strife and civil war, a new report says
Breaking the Silence: IDF Deliberately Targeted Civilians
Council On Foreign Relations Goes Full Retard Neocon—-Wants Fight With China To Maintain US Global Hegemony
U.S. to stop managing Afghan airspace by end of June; Japan may step in

## Global unrest/mob rule/angry people/torches and pitchforks ##
S.Africa police fire rubber bullets to disperse power protesters
South African police fired rubber bullets on Wednesday to disperse angry demonstrators who set tyres alight while protesting against what they called the unaffordable electricity prices of state utility Eskom, a Reuters witness said.
German Rail Strike 2015: Train Drivers Plan For Longest Railroad Work Stoppage In Nation's Post-War History
As McDonald's Announces Corporate Shake-Up, Workers Vow to Rise Up

## Energy/resources ##
Shale Stock Shambles
Refining Capacity Closures Could Hit Two Million b/d
Around the world, announced capacity rationalizations will total more than one million b/d by end 2016. ESAI Energy explains, however, that refining capacity closures are likely to be much higher. In its recent Global Refining Outlook, ESAI Energy forecasts weaker refining margins that will put economic pressure on marginal capacity in Europe and Asia. Meanwhile, changing government policy will put even more capacity at risk in Asia and Russia. According to ESAI Energy's Chris Barber, "The total capacity at risk of closure by end 2016 is as high as two million b/d."
US Shale Oil Firms Say Refracking Not The Best Path In Downturn
Refracking, the practice of fracking an oil and gas well a second time, is still too unpredictable to rely on as a way to slash costs and increase output during the oil price slump, top U.S. shale oil executives said on Tuesday.
Saudi Arabia's oil minister: 'No one can set the price of oil — it's up to Allah'
So there. -- RF
2 dead as Mexican offshore oil rig collapses in Gulf in second major mishap in weeks
Iran launches international oil conference
Crisis for Areva's La Hague plant as clients shun nuclear
The Return Of Peak Oil – Worrying Signs From U.S. And Russia
'Beyond petroleum' - fracking's collapse heralds the arrival of peak oil
Chinese Firms Could Play Major Role In Areva Restructuring
Germany seen as key market for Tesla's 'home battery'
Why Tesla's Powerwall Is Just Another Toy For Rich Green People

## Got food? ##
WHO warns of burgeoning obesity crisis in Europe
Europe will face an obesity crisis of vast proportions by 2030, according to new World Health Organization projections.
By 2030, people are going to be wondering how they were ever worried about getting too many calories. -- RF
New study finds forests can play key role in efforts to end global hunger
Yamaha drones to start spraying crops in U.S.

## Lifestyle Solutions ##
Find Freedom in a Tiny House

## Environment/health ##
Outbreak: US bird flu epidemic is bad and getting worse
Amount of Carbon Dioxide in Air Keeps Rising, Hits Milestone
Confirming Fears, Scientists Detect Fracking Chemicals in Drinking Water

## Intelligence/security/internet/cyberwar ##
NSA Converting Our Spoken Words Into Searchable Text
Patriot Act a la Francaise Passes Even as Opposition Mounts
Court rules warrantless cellphone tracking not illegal search
Baltimore Riots 2015: Surveillance Planes Repeatedly Flew Over Freddie Gray Protests
Big and Small, Near and Far... The Drones Are Coming
ACLU makes app that sends phone video of police misconduct directly to ACLU servers

## Propaganda ##
Gifting Russia 'Free-Market' Extremism
Official Washington's Putin-bashing knows no bounds as the Russian president's understandable complaints about U.S. triumphalism and NATO expansion, after the Soviet collapse in the 1990s, are dismissed as signs of his "paranoia" and "revisionism."
US Media Shields Saudi War on Yemen
The U.S. news media always seems to have an excuse for the actions of the Saudi-Israeli alliance, now trivializing Saudi Arabia's open aggression against Yemen as simply one side of a "proxy war" with Iran, a misleading depiction.

## Systemic breakdown/collapse/unsustainability ##
No Wrongdoing Here, Just 6,300 Corporate Fines and Settlements
Despite the PR about how corporate profits benefit widows and orphans, this vast wealth is concentrated in the top 1% and the top 5%.

## Japan ##
Japan's planned buy of Ospreys gets State Dept. OK
60% of parents worried about kids' addiction to smartphones

## China ##
China Containerized Freight Index Plunges To Multi-Year Low
Chinese Ponzi: China's New Investment Hype: Soccer Stocks
Chinese Ponzi: China's Latest Ponzi: Swap Trust Loans For Local Bonds, Sold To Government "Policy" Banks, Capitalized With Printing Press Money
Chinese Company Moves to Replace 90% of its Workforce with Robots
China Traffic Deaths: More Than 200,000 Annual Fatilities In Road Accidents, World Health Organization Says
Severe overcapacity haunts China's carmakers
China's military says army has yet to fully embrace the rule of law

## UK ##
UK economic growth predicted to slow as construction industry struggles
Manchester council bans homeless people from using library

## US ##
Chicago Board of Education to Default on Bonds?
First Quarter GDP Likely Negative as Trade Deficit Soars
Government Using Subprime Mortgages To Pump Housing Recovery – Taxpayers Will Pay Again
Record number of manufacturing jobs returning to America
26 million American adults can't borrow money
In poor neighborhoods, nearly one-third of residents are "invisible" to the economy
Confidence in the US Economy Plunges
Illinois governor says no bailout for Chicago
Heimdal, North Dakota, Evacuated After Fiery Oil Train Crash

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