Thursday, July 30, 2015


News Links, July 31, 2015

## Global Ponzi meltdown/House of Cards ##
Global Deflation Alert: Iron Ore Heading For $35 As China Steel Productions Falls
Global Deflation Update——Trouble In Worldwide Steel Towns As Chinese Exports Surge, Profits Plunge
Deutsche Bank CEO: Q2 profits 'nowhere near good enough'
IMF Rejects Greek Bailout Package, Widening European Rift On Greece
Rising global debt is increasing the risk of another financial crisis
Dr. Copper Explains Malinvestment——-Supply Still Rising, Marginal Producer Costs Falling, China Demand Shrinking, Prices Heading Further South
Global financial markets a shell game: Bill Gross
4 Mainstream Media Articles Mocking Gold That Should Make You Think
These articles reek of desperation. -- RF

## Airline death spiral ##
American Airlines' 787 Dreamliner Nightmare

## Fault lines/flashpoints/powder kegs/military/war drums ##
Islamic State recruiting offsets 15,000 killed by airstrikes in past year
This is the fourth time Omar has been reported dead since the 2001 US invasion and occupation of Afghanistan.
Obama's Egypt Policy Breeds Terrorism
President Obama has gotten in line behind the Israeli-Saudi preference in Egypt for the brutal dictatorship of Gen. al-Sisi over the elected (but now deposed) Muslim Brotherhood government of President Morsi, a posture so shocking that even some U.S. neocons object.
US Defense Secretary: Deal Imposes No Limits on US Attacking Iran

## Migrants ##

## Energy/resources ##
Whiting cuts budget less than two weeks after raising it
Whiting Petroleum Corp cut its 2015 budget on Wednesday less than two weeks after raising it, a turnaround that underscores the uncertainty engulfing the energy industry while crude prices sit roughly 50 percent below last year's levels.
UAE petrol prices to rise by 24% from Saturday
Sweltering Iraq declares four-day weekend from Thursday
A searing heat wave forecast to sweep through Iraq prompted the government to declare a four-day holiday starting on Thursday and order regular power cuts at state institutions.
THE price of electricity generated by nuclear power is expected to be higher than that from any other technology except for gas and diesel, two separate and independent analyses have found.
Eventually, most of us will be forced into adopting low-tech lifestyles, so best to start preparing now. This article also makes the obvious — but taboo — observation that renewables will not support economic growth. -- RF

## Environment/health ##
Water in Brazil Olympic venues dangerously contaminated
Athletes competing in next year's Summer Olympics here will be swimming and boating in waters so contaminated with human feces that they risk becoming violently ill and unable to compete in the games, an Associated Press investigation has found.
Just 4 Northern White Rhinos Remain In World After Death Of Nabire In Czech Republic
Sakhalin fishery companies puzzled by absence of salmon
Fishery companies on Russia's Far-Eastern island of Sakhalin are puzzled  by the absence of salmon fishes on approaches to the island's shores.

## Intelligence/security/internet/cyberwar ##
Part of Pentagon email network taken down over suspicious activity
Why Russia Shut Down NED Fronts
The neocon-flagship Washington Post fired a propaganda broadside at President Putin for shutting down the Russian activities of the National Endowment for Democracy, but left out key facts like NED's U.S. government funding, its quasi-CIA role, and its plans for regime change in Moscow.
Listen to WSJ's Bret Stephens Secretly Plot With "Pro-Israel" Evangelical Group Against Iran Deal

## Systemic breakdown/collapse/unsustainability ##
American Exceptionalism: Not the Rule Any More

## Japan ##
As long as it has electricity. -- RF
The West must "get" Vietnam! -- RF

## US ##
Jimmy Carter: The U.S. Is an "Oligarchy With Unlimited Political Bribery"
Former president Jimmy Carter said Tuesday on the nationally-syndicated radio show The Thom Hartmann Program that the United States is now an "oligarchy" in which "unlimited political bribery" has created "a complete subversion of our political system as a payoff to major contributors." Both Democrats and Republicans, Carter said, "look upon this unlimited money as a great benefit to themselves."

## The Clintons ##

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