Tuesday, April 05, 2016


News Links, April 6, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Profits Recession Leaves Investors With Nowhere to Hide
Negative Interest Rates And The Path to the Final Crisis
The Future of Money
We cannot let the banks and central banks/states co-op, outlaw, corral or control blockchain technologies. If they "win," our economy will stagnate and the slide to complete implosion will be unstoppable.
Climate change puts trillions of dollars of financial assets at risk: study
Global investment banking fees fall 29 percent in first-quarter, worst since 2009
Global shockwaves from China are only going to get worse, IMF warns
Was There A Run On The Bank? JPM Caps Some ATM Withdrawals
Triffin's Paradox Revisited: Crunch-Time for the U.S. Dollar and the Global Economy
The reality is that we're one panic away from foreign-exchange markets ripping free of central bank manipulation.
Yanis Varoufakis Issues a Major Warning to the Greek People
Saudi Arabia: The end of an oil high? (video)
The ECB's Insane Monetary Policy is Creating a Rush Into Derivatives
Global Steel Industry Facing `Ice Age,' Top China Mill Warns
HSBC Was Active in Shell Company Referrals, Leak Report Alleges
Panama Has Company as Bank-Secrecy Holdout, as U.S. Offers Haven
Panama and the U.S. have at least one thing in common: Neither has agreed to new international standards to make it harder for tax evaders and money launderers to hide their money.
New York Fed president refuses a question about gold swaps in public
Gold Rush by Russia Makes Up for Billions Lost in Currency Rout
Here's why Governor Elvira Nabiullina is in no haste to resume foreign-currency purchases after an eight-month pause: gold's biggest quarterly surge since 1986 has all but erased losses the Bank of Russia suffered by mounting a rescue of the ruble more than a year ago.

## Cut, baby, cut! ##
Canada's ever-shrinking oil industry braces for more job cuts
Finland's Outokumpu announces job cuts and bold profit targets
Peabody Energy slashes 15% of its workforce at the Wyoming coal mine

## War on cash/cashless society ##
Failure of the War on Cash
How negative interest rates could lead to a world without cash

## Airline death spiral ##
Airline complaints rise even as more planes arrive on time
Alaska Air buys Virgin America, aims to become best out West
British Airways passenger bitten intervening in cabin crews' altercation with 'violent' man
Jetliner taking off clips plane being towed across Jakarta runway; no injuries
Troubling signs for aviation safety
Report: Drones Are A Threat To Airline Safety
Man Sentenced to Prison for Disrupting Airline Flight

## Fault lines/flashpoints/powder kegs/military/war drums ##
Report: Worldwide military spending reaches $1.7 trillion
A Nuclear Armageddon in the Making in South Asia
Vietnam Seizes Chinese Ship In Gulf Of Tonkin
Armenia President: Nagorno-Karabakh Conflict Could Lead to All-Out War
Hamas Threatens Gaza Could 'Explode' Under Israel's Cement Ban
Russia pledges full support for U.N.-brokered Syria peace talks
US-Philippine War Games Begin as China Warns 'Outsiders'
Japanese to send destroyer through South China Sea to join joint drills offIndonesia
Global Military Spending Grows For First Time Since 2011
New poll shows support for Pirate Party continues to soar, just over a third supports governing parties (Iceland)
U.S. does not plan to grant Iran access to U.S. financial system
Israel's Embarassed Arab Allies
Insights: Some things they don't teach you about war
Top U.S. official: U.S. would block sale of Russian Su-30 aircraft to Iran
Carter Seeks New Powers for Joint Chiefs, Top Commanders in War on Terrorism

## UAVs ##
France Seals Deal for Safran Patroller Drone

## Migrants/refugees ##
How Europe built fences to keep people out
Refugees Flooding Italy Surge 80%; Italy Seeks Greek-Style Returns; Proposed Solution in Single Picture

## Global unrest/mob rule/angry people/torches and pitchforks ##
Amid Climate-Fueled Food Crisis, Filipino Forces Open Fire on Starving Farmers
Police and army forces shot at about 6,000 starving farmers and Lumad Indigenous people demonstrating for drought relief in the Philippines on Friday, ultimately killing 10. Observers characterized the security forces' action as "a strafing."
Anti-Uber taxi protest creates chaos in Rio
Eggs Fly in Iceland as Panama Papers Spark Populist Anger in the Streets
Iceland PM Resigns Following Protests Over Offshore Investments

## Energy/resources ##
Bankruptcy Rout Looms Despite Impressive Productivity Gains In U.S. Shale
Many analysts expect a third to a half of U.S. oil companies to file for bankruptcy in 2016.
Maersk may shutter North Sea gas fields
North Dakota rig count dipped below 30
Total says costs still unacceptably high in oil and gas
EU struggles with clean-up costs of ageing nuclear plants
EU nuclear decommissioning 'could cost €250bn by 2050'
You see? It is just as I have been saying. This problem will only get worse. The decommissioning process for most nuclear plants will comprise two steps, namely: Step 1 -  Lock doors, and Step 2 - Pray. -- RF
From Silicon Valley to Main Street, firms say SunEdison owes money
Canada's Ever-Shrinking Oil Industry Braces for More Job Cuts
India's Iran oil imports set to surge to 7-year high in 2016/17
Saudi Arabia preventing Iranian oil tankers from entering its waters – report
Oil Speculators Run Out Of Reasons To Bet On Rising Prices
California Faces Blackouts After Historic Sempra Gas Leak
California makes plan to avoid power outages after Aliso Canyon natgas leak
US coal production continues to slide – off 38% from 2015

## Got food? ##
Food prices have stabilized, but analysts see another crisis on the horizon
Over 315,000 Mozambicans face food shortages – Official
North Korea bureaucrats facing food shortage, defector says
Zimbabwe: Desperate Times in Zimbabwe As El Niño Food Shortage Ravages the Nation
With food prices rising, middle-class Canadians say they're feeling the pinch too
WFP: South Sudan food prices soar, 'markets collapsing'

## Environment/health ##
Federal Report Says Global Warming Is Making Us Sick
Human-made global warming is making America sicker, and it's only going to get worse, according to a new federal government report. The 332-page report issued Monday by the Obama administration said global warming will make the air dirtier, water more contaminated and food more tainted. It warned of diseases such as those spread by ticks and mosquitoes, longer allergy seasons, and thousands of heat wave deaths.
Playing 'Russian roulette' with explosive oil (video)
The transport of explosive Bakken crude oil by train has surged in the last five years. A watchdog organization says the nation's 100,000 decaying rail bridges can't support such high volume, putting water supplies and the environment under threat of contamination.
One in Eight Low-Income Apartments Had Bedbugs in New Study
TransCanada Shuts Keystone Pipeline Over Leak: 'We Don't Know Where It's Coming From'
The globalisation of bad food and poor health

## Intelligence/security/internet/cyberwar ##
FBI Says a Mysterious Hacking Group Has Had Access to US Govt Files for Years
Finnish Defense Ministry Hit by DDoS Cyberattack
A Key Similarity Between Snowden Leak and Panama Papers: Scandal Is What's Been Legalized
Here Are Some Of The Americans In The "Panama Papers"
Shots Fired: Wikileaks Accuses Panama Papers' Leaker Of Being "Soros-Funded, Soft-Power Tax Dodge"
600 Israeli companies, 850 shareholders listed in Panama data leak
The FBI's ability to hack into an iPhone may not last much longer
The Pentagon Still Hasn't Decided Who's In Charge If America Comes Under Cyberattack
Hackers broke into hospitals despite software flaw warnings
5 ways to become a smaller target for ransomware hackers
Nest's Hub Shutdown Proves You're Crazy to Buy Into the Internet of Things
WhatsApp, the world's most popular messaging service, just turned on encryption for all its data

## Propaganda/censorship ##
Are Corporate Gatekeepers Protecting Western Elites from the Leaked Panama Papers?
Mossack Fonseca Has 441 U.S. Clients: Who Are They?
'Corruption' as a Propaganda Weapon
Mainstream U.S. journalism and propaganda are getting hard to tell apart, as with the flurry of "corruption" stories aimed at Russia's Putin and other demonized foreign leaders.
Panama Papers: UK Prime Minister's Father Ran Fund That Paid No UK Tax: Report
Fighting Israeli Occupying Forces Is "Terrorism." Boycotting Is "Anti-Semitism." What's Allowed?
Intel Analysts: We Were Forced Out for Telling the Truth About Obama's ISIS War
The growing scandal over cooked ISIS intelligence just got much worse. Now, analysts are saying they're being forced out for not toeing the Obama administration's line on the war.
China's Censors Scramble to Curb 'Panama Papers' News

## Systemic breakdown/collapse/unsustainability ##
Limits to Growth is on schedule. Collapse likely around 2020
America's facing a shortage of primary-care doctors
19 Facts That Prove Things In America Are Worse Than They Were Six Months Ago
Honda recalls 160,000 Fit and Vezel vehicles in Japan
Disastrous Ticket Sales, Ongoing Political Turmoil Put Brazil Olympics In Jeopardy

## Japan ##
Abe to face possible $54 billion pension fund loss, but only after election
Japan to mull welfare, stimulus measures to boost economy
Record 19 million autos recalled in Japan in fiscal 2015 amid Takata crisis
BOJ mulls downgrading inflation outlook amid lower expectations
Fukushima: Braving danger and radiation for chance to earn 11,000 yen a day
Cash! Japan to print 180 million more 10,000-yen bills in fiscal 2016
BOJ's Kuroda Threatens More Easing, Stocks Tank, Absurdity Reigns
Quality of daycare in Japan deteriorating
McDonald's Japan wonders where its customers went
Securities houses turn to AI for high-frequency trading
Japan aims for one-third cut in use of antibiotics by 2020
80% of public works budget accelerated / ¥10 tril. release instructed to boost economy
Japan eyes shopping vouchers to kick-start consumption
Japan's Abe defends Japan-U.S. alliance in WSJ interview

## China ##
Another China Bubble—-Subprime Housing Loans
Hong Kong Luxury Malls To Be Slammed By Massive Oversupply
Third Chinese Bubble Set To Pop—-Property, Stocks And Now Bonds
Panama Papers and Foreign Media Attacks

## UK ##
Panama Papers: Britain 'at the heart of super-rich tax-avoidance network'
David Cameron left dangerously exposed by Panama Papers fallout
EDF opens UK's first nuclear dry fuel storage facility
McDonald's in south London temporarily bans under 18s from restaurant
Measure due to anti-social behaviour by local teenagers who 'smashed windows and poured drinks over staff members' heads'
Suicide attempts at UK immigration removal centres at all-time high
GPs at crisis point as new figures reveal 'unsustainable' pressures from immigration and ageing population
British steel will need years of state support, warn unions
Revealed: the tycoons and world leaders who built secret UK property empires

## US ##
GDPNow Forecast Sinks to 0.4% Following More Weak Economic Report
'Everything Is Being Sold' - Smart Money Selling Soars, Now In 10th Straight Week
Inside The Jobs Report: The Boomer Retirement Meme Is A Big Lie
Chart Of The Day: New Auto Sales Rolling Over, March Down Sharply
For Wal-Mart, food stamp cutback adds new challenge
No Need for Nation's Top Chocolate Companies to Disclose Use of Child Slave Labor, Rules Judge
U.S. factory data signals further slowdown in economic growth
Survey Shows College Students Naive on Loss of Free Speech and First Amendment Rights
Illinois on the Brink of Bankruptcy
Live streaming in Chicago could be terminally hazardous to your health
Manufacturing Recession Deepens: Factory Orders Drop To Five Year Low; 16 Consecutive Declines
Clinton charities will refile tax returns, audit for other errors
The Fed Is Pushing On A Credit String——Deeply Indebted US Households Don't Want No More
Now OK in Mississippi: Denying gays some services
Why Aren't More Americans In The Panama Papers? Secrecy, Tax Laws In Nevada, Other States Provide Havens
Unlike the secrets exposed by the Panama Papers, big US tax dodging is done in full public view
The Exodus Of People Moving Away From California Is Becoming An Avalanche
US Manufacturing Jobs Have Rebounded...Back to Pre-WWII Levels
The present 12.3 million manufacturing jobs is the same # the US had as of July 1941 prior to the US entrance to WWII and a massive manufacturing mobilization...and the working age US population has more than doubled since pre-WWII.
Commerce Secretary Pritzker Defends Corporate Tribunals In TPP

## The candidates ##
Donald Trump Is Starting To Sound Just Like The Economic Collapse Blog (And That Is A Good Thing)
Uh-oh: Where does all the white rage go when Donald Trump loses?
Donald Trump's Unusual Plan to Lower the National Debt: Sell Off Government Assets
When Donald Trump Makes Sense
The Washington establishment dismisses Donald Trump as a buffoon who doesn't understand the intricacies of national security policies, but some of his comments underscore how foolish those policies are.

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