Thursday, June 16, 2016


News Links, June 17, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Charting the lowest interest rates in 5,000 years, worst commodity returns in 80 years
During the Next Crisis, Entire Countries Will Go Bust
Global Financial Stress Soars Most Since 2011 European Crisis
Brexit Chaos to Serve as Cover for ECB Bank Bailouts
June 23, 2016: The Brexit Vote Could Change EVERYTHING And Plunge Europe Into Financial Chaos
The economy: Bubble News From The Nosebleed Section
Pity the Poor Central Bankers: Playing Masters of the Universe Is No Longer Fun
Deflation stalks the edges of Europe
About 16 pct of Europe's top-rated corporate bonds yield below zero - Tradeweb
Strategists in Europe foresee dire consequences in Fed's reluctance to raise interest rates
What Is Behind The Record Sale Of $75 Billion In US Treasuries By "Foreign" Holders?
Nigeria Hyperinflation Looms As Central Bank Throws In The Towel, Devalues Currency
Japan's key bond yield briefly hits record-low 0.210% Thursday morning
Dollar-Peso Woes Re-Hit Mexico, with a Vengeance
Brazil's Tourism Minister Resigns Just Weeks Before Olympics
Why Global Capital Fears 'Brexit'
"What The Hell Is Going On In Europe?" Banks Battered As Brexit Concerns Spread, Gold Soars As EUR Crashes

## Cut, baby, cut! ##
Bank Of America Set To Fire 8,000 As Banker Layoffs Accelerate
Pimco planning to cut nearly 3 percent of global workforce: Source
The Minimum Wage Pain Continues: Hundreds More To Be Fired At Walmart

## War on cash/cashless society ##
Thailand gets closer to 'cashless society' goal
Canada experiments with digital dollar on blockchain

## Airline death spiral ##
Man sues TSA after long lines made him miss his flight
Fear in the air — Traveller detained after making threats
Angry passenger in bloody assault on airline employee
Passengers attack cabin crew after being denied free upgrade to first-class on Hainan Airlines flight
Weekend heatwave brings memories of the day it was too hot to fly at Sky Harbor

## Fault lines/flashpoints/powder kegs/military/war drums ##
NATO to send 'combat-ready' battalions near Russian border
Disappearances Grow as Iraqi Troops Detain Fleeing Fallujah Civilians
Between Militia's Executions and Military's Detentions, Fates of Hundreds Uncertain

## Energy/resources ##
U.S. cuts in response to low oil to be the deepest
The deepest cuts in spending in the oil sector are coming out of the shale basins in the Lower 48 U.S. states, an analysis from Wood Mackenzie found.
North Dakota oil output posts biggest drop in history
There were only 28 drilling rigs in the state as of Wednesday. A year ago there were 77.
Given the scale of the airline industry and its fuel consumption, this is a complete joke. -- RF

## Lifestyle solutions ##
Should you replace your hoopty?
Good financial advice, but of course it flies in the face of consumer-society logic. -- RF

## Environment/health ##
Landmark Study Shows Our Bodies are Rife with Cancer-Causing Chemicals
Superbug found in second pig sample in U.S.
U.S. officials have found bacteria resistant to the antibiotic of last resort in a sample from a second pig, increasing concerns about the spread of a newly discovered superbug that initially surfaced in this country in March.
Health agency reports U.S. babies with Zika-related birth defects
Three babies have been born in the United States with birth defects linked to likely Zika virus infections in the mothers during pregnancy, along with three cases of lost pregnancies linked to Zika, federal health officials said on Thursday.
Parts of Philippines may submerge due to global warming
More than 167,000 hectares of coastland – about 0.6% of the country's total area – are projected to go underwater in the Philippines, especially in low-lying island communities.
World's Banks Driving Climate Chaos with Hundreds of Billions in Extreme Energy Financing
Wall Street continues to back the most polluting fossil fuel industries "at the expense of some of the most vulnerable communities on the planet," states new report.
When you approach the end of the timeline, it's really enough to scare the pants off of you. The scale of fossil fuel-driven urbanization is clearly unsustainable and headed for collapse. I predict a precipitous decline in urbanization, and indeed in the world population, over the next few decades. The initial shock could come at any time. -- RF
As a farmer who occasionally has his crops ravaged by wildlife, I understand the problem well. But I don't think gunning down all the animals is the answer. Wildlife needs its habitat, and we also need to reintroduce natural predators. The root of the problem is that humans have taken over too much of the planet. -- RF
Suck it up: Judge rules: no right to know hazardous pesticide ingredients
A federal judge has ruled that the US Environmental Protection Agency is under no obligation to force pesticide makers to disclose supposedly 'inert' ingredients in their products - even where those ingredients are seriously hazardous to health or environment.

## Intelligence/security/internet/cyberwar ##
Newly released CIA files expose grim details of agency interrogation program
It's a good thing the EU has already begun to unravel. -- RF
Majority of 411 million photos in database 'are of Americans and foreigners who have committed no crimes'

## Systemic breakdown/collapse/unsustainability ##
Of course "industry" in the original sense of the word is good, but what it has become under industrial civilization is unsustainable. No matter what governments or corporations do, our current mode of "industry" is doomed. Net energy decline is dragging us down inexorably toward a much lower energy level. Until we reach that level and settle there, humanity will experience mass death, famine, global war, epidemics (perhaps pandemics), and other disasters as collapse runs its course. -- RF
Spiraling drug costs prompt call for major Medicare changes

## Japan ##
Just a few years from now, there won't be any money for dismantling and recycling renewable-energy hardware, and the landscape will be littered with burned-out solar panels and broken-down wind turbines. Also of interest in this article is that "many aged solar panels are disposed of in landfills as industrial waste," which is ironic considering their environment-friendly image. Of course, defunct wind farms and solar parks won't be nearly as bad as the worldwide crop of exploding nuclear power plants. Have a nice day! -- RF

## China ##

## UK ##
There could be flash floods on the way as more heavy rain is predicted
The move comes amid concerns the UK's weather is becoming more volatile as a result of climate change, with more heavy downpours that cause rapid flooding.
'Flushable' wet wipes are harming marine life and pushing up water bills, experts warn
Massive Attitude Shifts in Latest Brexit Polls: Remain in Serious Trouble
Chicago is the bellwether of big-city collapse. -- RF

## The candidates ##
A Campaign Based on Conspiracy Theory
Conspiracy theories – suspicions without evidence – have become a bane of modern life, but Donald Trump seeks to make them a centerpiece of his presidential campaign.
Trump's Blatantly Racist Campaign
For half a century, Republicans – such as Richard Nixon, Ronald Reagan and George H.W. Bush – used the race card to win over Southern whites, but Donald Trump took the tactic to a new level.
The Roots of Trump's Cruel Populism
Donald Trump's angry and ugly populism has roots going back to Jim Crow-era race-baiters and Cold War-era red-baiters, including Joe McCarthy's adviser Roy Cohn and his disciples.

And finally...
Man hit by lightning bolt in his kitchen is saved by Marks and Spencers slippers

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