Tuesday, November 24, 2015


News Links, November 25, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Iron Ore Bust Getting Worse—-Price Heading to $30s, Bankruptcies Coming
'Dr. Copper' plunges to US$2 for first time since 2009: 'Things are quite horrible and about to get worse'
Soaring Global Debt – The Reality Check in Numbers
David Stockman Interview: Central Banks Are Out Of Dry Powder, Another Financial Crisis Is Unavoidable
French economy already hurting from attacks, survey finds
Italy Seeks "Silver Bullet" to Clean Up €330 Billion Nonperforming Loans; Explaining the "Bad Bank" Concept
Swiss Bank Hits Customers With Negative Interest Rates; Crazy? What About Velocity?
Disposable income shrinks twice as fast as GDP (Greece)
What Recovery? Spanish Wages Tumble To Weakest Since 2007
German Manufacturing In April Shrinks At Fastest Pace In 3 Years
Europe's Dead Donkey of Productivity Growth
More Than $2 Trillion Of Euro Debt Has Sub-Zero Yields—-Yet The Deranged Draghi Promises Even More
Comex Leverage Now A Staggering 300 Times The Available Physical Gold!
India faces fears of e-bubble collapse
New Zealand Housing Bubble: London House Prices Have Nothing on Auckland

## War on cash/cashless society ##
According to the document, reported Reuters, EU interior and justice ministers planned to speak to the European Commission about increasing controls on "non-banking payment methods such as electronic/anonymous payments and virtual currencies and transfers of gold, precious metals, by pre-paid cards."

## Airline death spiral ##
Stuck Waiting: Ground delays at US airports on the rise
Los Angeles airport to build special terminal just for celebrities
Special suite at LAX will let stars and the world's wealthy glide directly from their limo to their first-class seat without having to interact with the public
Hitting Saudi Arabia Where It Hurts

## Energy/resources ##
Super Majors Ripe for Consolidation and Other Restructuring
Mineral riches mean nothing without energy. -- RF
It won't amount to a hill of beans. -- RF

## Got food? ##
Guatemala's Vanishing Harvests
As diplomats and elected officials around the world debate the best way to confront climate change, Guatemalans are already struggling to adapt to frequent droughts, brutal cold snaps and shrinking harvests.
But they won't. -- RF
Nestle confirms labor abuse among its Thai seafood suppliers
Impoverished migrant workers in Thailand are sold or lured by false promises and forced to catch and process fish that ends up in global food giant Nestle SA's supply chains.
Another shining example of humanity's excellent stewardship of the planet. -- RF
I don't see what's so surprising about the conclusion. What am I missing? -- RF

## Intelligence/security/internet/cyberwar ##
Europe Demands Access To All SWIFT Data To "Combat Terrorism Funding"

## Systemic breakdown/collapse/unsustainability ##
While Edward Snowden and Chelsea Manning and John Kiriakou are vilified for revealing vital information about spying and bombing and torture, a man who conspired with Goldman Sachs to make billions of dollars on the planned failure of subprime mortgages was honored by New York University for his "Outstanding Contributions to Society."
Stuck waiting: ground delays at US airports on the rise

## Japan ##
Gov't eyes extension of debt-financing law
The government plans to extend temporary legislation allowing the state to automatically issue debt to fund its annual budget without Diet approval for multiple years, sources close to the matter said Monday.
Talk about kicking the can! Do I need to say how this is going to end? -- RF
Businesses to be obliged to check employees' mental health
Businesses will be obliged starting next month to offer their employees an annual test to check their mental stress level amid an increase in workers suffering mental disorders.
Butter prices may hit record levels this winter
As you can see from the photo, butter is already being rationed. -- RF
Britain offers France emergency use of airbase

## US ##
Is Santa Poised to Fill Christmas Stockings with Coal?
Perhaps a retail coals-in-the-stockings Christmas will awaken the mainstream media to the reality that recession is now a global phenomenon.
The "cashless society" is facing a headwind here, but TPTB will do everything possible to stifle the use of cash. -- RF
Of the more than $1.3 trillion in student debt outstanding over 66 percent is carried by those 39 and younger.
## The candidates ##
Well, that's true. But the writer's defense of mainstream media propaganda organs is also to blame. -- RF

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