Thursday, November 05, 2015


News Links, November 6, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Trade In Freefall: China Container Freight At Record Low; Rail Traffic Tumbles, Trucking Slows Down
Shippers Warn of Overcapacity, Cancel Scheduled Voyages, Announce Profit Warnings
Maersk Announces Layoffs As Shipping Industry Remains In Doldrums
US Gross National Debt Jumps $340 Billion in One Day
Debt Berg On The Baltic—–Sweden's NIRP Bubble Is Nuts
Bitcoin Rally: Digital Currency's Surge Driven By China, Speculators, The Blockchain (And Ponzi Schemers?)
Global Deflation Alert–Oil And Iron Ore Heading Below $40
Greek Banks' Non-Performing Loans Hit 43%; Only €14 Billion Recapitalization Needed?
Standard Chartered's Bad Loans Reveal Cracks in Asian Economies
Global Cooling Alert: Korean Exports Down 16%, Sharpest Since August 2009, 10th Straight Drop
German Factory Orders Unexpectedly Decline for Third Month
Why Denmark isn't the utopian fantasy it is made out to be
Bitcoin's price jumps more than 70% in one month
After Topping $500, Bitcoin Is (Again) Plunging On Extreme Volume
There Are Now 293 Ounces Of Paper Gold For Every Ounce Of Physical As Comex Registered Gold Hits New Low
Saudi minister sees no dire need to remove energy subsidies
Pump! Theme parks: The UAE's bid to become the entertainment capital of the world
6 giant stocks smash all-time highs
A Warning to Indian Citizens – Your Government Wants Your Gold
Deutsche Bank ordered to pay US over $250mn for violating sanction regime
German Deutsche Bank has been fined $258 million by American regulators for conducting business with US-sanctioned countries including Iran, Syria and Libya. The fine will be paid to the Federal Reserve and New York State Department of Financial Services.

## Cut, baby, cut! ##
Alcoa closing smelters in Ferndale, Wenatchee; 1,500 jobs to be cut
Kraft Heinz closing 7 factories, cutting 2,600 jobs
Maersk Line to Cut 4,000 Jobs as Market Deteriorates
Gloom at StanChart S'pore as bank announced 15,000 job cuts globally
North Sea Fields Face More Job Cuts as Slump Impairs Viability

## Cashless society ##
The War on Cash is Real
Sweden Establishes Commitment to Go Cashless, Looks to Digital Payments
Jamie Dimon: Virtual Currency Will Be Stopped
"No government will ever support a virtual currency that goes around borders and doesn't have the same controls. It's not going to happen."
CBN Initiates EPIS to Encourage Cashless Transactions (Nigeria)
Bank Of Ireland Bans "Small" Cash Withdrawals At Branches

## Airline death spiral ##
Unruly Passenger Forces Emergency Plane Landing in Sweden

## Fault lines/flashpoints/powder kegs/military/war drums ##
US-Backed Syrian Alliance Exists 'In Name Only' — Syrian Democratic Forces an Invention to Placate Turkey

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands march in Romania as toll from nightclub fire reaches 32
Angry about the way authorities grant permits and inspect public venues, protesters were still pouring into the streets late into the night, carrying banners saying "Corruption Kills" and chanting "Murderers!" The disaster last weekend was one of the country's worst in decades.
Oil sector employment in Norway falters
Even before the price of crude oil started its steady decline, Norway's government reported employment in the petroleum sector was dwindling.
Massive blackout in three divisions in Sarawak
Is Iran Opening A "Secret Passage" To Asia For Russian Crude?
U.S. review of banks could spell trouble for energy companies
A recent U.S. regulatory review could force banks to scale back loans to energy companies whose revenues have been hit hard by falling oil prices, and could force more oil drillers into bankruptcy, analysts said.
Electricity blackouts darken prospects for Zimbabwe's students
Nearly everyone in Zimbabwe struggles with the country's failing electricity supply, but for many rural young people it may be their future that is at risk of shutting down, experts say.
India unveils rescue package for power sector
India approved a rescue package for its loss-making power utilities on Thursday, unveiled as a major reform that Prime Minister Narendra Modi hopes will end electricity blackouts and spur economic growth.
Absurd. Space mining will simply never happen. -- RF
The Next Tango in Paris
"Sweden has decided to decommission all its nuclear plants but has yet to propose a similar program to phase out its wind turbines."
Scarlet fever making comeback in Asia, Europe
Researchers identified some strains of the disease that are antibiotic resistant, raising their concern about recent outbreaks.
EU plans to tackle throw-away economy: document
EU regulators plan to make it easier to repair or re-use anything from electrical appliances to buildings, saying in a draft document that instruction manuals need to explain how to mend, rather than just throw away goods.

## Intelligence/security/internet/cyberwar ##
Maldives president declares state of emergency
The president of the Maldives has declared a state of emergency that will curtail key rights of citizens for 30 days.

## Propaganda ##
America's Chalabi Legacy of Lies
The passing of Iraqi fabricator Ahmed Chalabi, one of the "heroes in error" who duped the American people into the Iraq invasion, is a good time to remember how the corrupted intelligence/media process worked back then – and how it continues to operate today.
Why NYT Dissed the 'Drone Papers'
When the "Downing Street Memo" surfaced in the UK in 2006 revealing that the intelligence to justify the Iraq War had been "fixed" around the policy, the mainstream U.S. media largely ignored it. The same has now happened with the leak of documents about President Obama's drone war.
## Systemic breakdown/collapse/unsustainability ##
A good read. The mechanism of collapse is explained in simple terms. -- RF
Trapped in a Millennial's Daydream

## Japan ##

Britons in the workplace: The figures that lay bare the life of an average British employee
During an average working life Mr or Miss Average will rack up 9,024 hours of unpaid overtime, take 94 days off sick and work for six different employers

## US ##
The typical family is unable to purchase the standard $221,000 priced home. Home prices up 30% since 2012 while incomes are stagnant.
Power Plant Tech Shortage Could Heat Up
Between baby-boomers retiring and the effects of deregulation over the past two decades, Oklahoma's 67 power plants could be understaffed within the next five to seven years.
"Strong Dollar" Headed for the Chopping Block?
Detective: 'Hero' cop sought hit-man to cover up thefts
Many of today's rich will find themselves among tomorrow's poor. -- RF

## The candidates ##

And finally...

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