Tuesday, August 04, 2015


News Links, August 5, 2015

## Global Ponzi meltdown/House of Cards ##
Something Just Snapped: Container Freight Rates From Asia To Europe Crash 23% In One Week
Crashing: Apple, Twitter, Oil, Commodities, Greek Stocks, Chinese Stocks
Puerto Rico defaults on $58M debt payment
"The Worldwide Credit Boom Is Over, Now Comes The Tidal Wave Of Global Deflation"
The Greek Coup: Liquidity as a Weapon of Coercion
Greece Expects Bailout Deal Agreement By Mid-August
Commodity Rout Spurs Worst Exporter Currency Meltdown In 7 Years
Businesses Flee Catalonia, Foreign Investment Plunges, as Confrontation with Spain Comes to a Boil
It Gets Ugly in Canada
Big Chunk Of JP Morgan's Gold Holdings Withdrawn In One Day
Sydney House Prices Soar to Biggest Gain in 13 Years
Finally, One Banker Gets Sizable Jail Term. But Will Others Follow?
Fear Spreading In The Global Financial System Pushes Gold & Silver Eagle Sales To New Highs

## Airline death spiral ##
The Next Great Untapped Airline Fee Is Getting off the Plane First
US Airlines See Record Quarterly Profits
FAA: Drones flew near 4 planes in 3 days in N.Y., N.J.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Obama Authorizes Airstrikes To Defend US-Backed Syrian Rebels From Assad Forces: Report
Report: Hundreds of Civilians Killed by U.S.-Led Bombing of ISIS in Iraq and Syria

## Global unrest/mob rule/angry people/torches and pitchforks ##
Louis Farrakhan Urges Black Community To "Rise Up And Kill Those Who Kill Us"
Venezuela's woes deepen after turbulent weekend: Reports

## Energy/resources ##
Debt Traders Flee Junkyard's Dogs as Yield Gap Widens on Oil
Debt investors are abandoning the bottom rungs of the speculative-grade market as commodity prices at their lowest level in more than a decade pummel borrowers in the energy and mining industries.
Layoffs Surge As Oil Price Outlook Remains Sober
Chevron, Exxon going in different directions: Analyst
Amid sliding oil prices and plunging profits, Chevron faces a "difficult" road to sustainability, one energy analyst said Monday.

## Propaganda ##
EIA Capitulates Under Cover Of Darkness
Many investors know that when a company wants to mitigate media coverage of bad news, they typically release data on a Friday after the close. Well last Friday, that is exactly what the EIA did, admitting the very thing I and Cornerstone Analytics have been arguing all year: EIA was and still is overstating U.S. production.
Bolton's Creative Attack on Iran-Nuke Deal
The neocon foes of the Iranian nuclear accord are reaching for any argument imaginable but few have been as creative as John Bolton, a longtime enemy of the UN who fears the Iran deal might somehow erode the principle of Security Council vetoes.

## Systemic breakdown/collapse/unsustainability ##
Misery deepens for those in Puerto Rico who can't leave
Since then the Japanese department of data fabrication has gone "full Chinese" and last month, the wage data was presented as the long overdue "smashing success" for Abenomics, as it was the first month in two years when real wages posted a meager 0.1% increase. Unfortunately, just a few weeks later that 0.1% increase was promptly adjusted down to an unchanged 0.0%, thereby confirming not only that Abenomics remains a failure but that no Japanese wage data is even modestly credibly.
Italian hackers demonstrate spy software to Japan intelligence agency
U.S. in touch with Japan over spy charge

## UK ##
The triple bill we pay for solar power
Solar panels are so unproductive that they generate barely 1 per cent of all our electricity
Median home price is 34%  higher than previous peak bubble price and stands at $1,360,000.
You are being lied and fooled when it comes to inflation data and the cost of living.

## The Clintons ##
Hillary Helps a Bank—and Then It Funnels Millions to the Clintons
Cables Show Hillary Clinton's State Department Deeply Involved in Trans-Pacific Partnership
"Everyday Americans" Hillary And Bill Clinton Report $140 Million In Taxable Income Since 2007
Billary Clinton and the Perfection of Consumerist Narcissism
The Complete Breakdown Of Every Hillary And Bill Clinton Speech, And Fee, Since 2013

And finally...
Experts devise formula to crack Agatha Christie's murder mysteries
These are the lies people tell to get an upgrade to first class

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