Thursday, July 07, 2016


News Links, July 8, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Corporate Defaults Highest Since 2009
Sovereign Credit Is Deteriorating At A Record Pace
US Stocks, Bonds, & Gold Jump As European Banking System Collapses
Teardowns and Shadow-Flipping: Living Inside the Insane Vancouver Housing Bubble
The Big Unravel: US Commercial Bankruptcies Skyrocket
Dry bulk shipping's recovery not seen until 2018
Welcome To Hell——Central Banking At Work In Brazil and Beyond
Record-low US Treasury yield points to rising economic fears
Americans & Canadians Face Silver Shortages As The Investment Deficit Surges
Confusion reigns in bunker and shipping markets
A Prime Minister, a Referendum and Italy's Turn to Get Worried
Russian reserve fund may be depleted in 2017
"Italian Gov't Collapse More Than Just a Possibility"
Italy May Spur Pan-Europe Bank Crisis, SocGen Chairman Says
EU Banks Crash To Crisis Lows As Funding Panic Accelerates
Europe's Bank Crisis Arrives In Germany: €29 Billion Bremen Landesbank On The Verge Of Failure
"Gold Has Entered a New Phase" Says UBS
Istanbul Turns Into A Ghost Town As Tourism Collapses
Millions of SE Asian jobs may be lost to automation in next two decades-ILO
I'm in Awe at How Fast Deutsche Bank is Coming Unglued
'Currency Crash' Drives British Pound To A 31 Year Low As Deutsche Bank Sinks To The Lowest Level Ever
Brexit Concerns Drag Down Global M&A Activity
Lacy Hunt on Negative Multiplier of Government Debt
Massive One-Day Record Surge Of Mainstream Gold Investment Demand
China's Silk Road said to consider offer for $2 billion Glencore gold mine

## Cut, baby, cut! ##
Toyota to let go of 800 workers in Thailand

## War on cash/cashless society ##
Can your smartphone really handle all your finances?
Wal-Mart shoppers can leave their wallets at home
Blockchain proves successful in Myanmar microfinance test

## Airline death spiral ##
Bill to boost airport security, ease lines gets green light
Why Airports Have to Speed-Date Airlines
I really need your planes at my terminal, baby.
What was he thinking? Plane passenger stopped at Stansted with iPhone case shaped like a gun

## Fault lines/flashpoints/powder kegs/military/war drums ##
Japan forced to scramble jets against China a record 199 times since April
Veteran Chinese Diplomat Warns on South China Sea Ruling
Europe turning vocal ahead of South China Sea ruling
U.S. Navy destroyers stalk China's claims in South China Sea
President Obama Keeping More US Troops in Afghanistan Longer Than Planned
Is NATO necessary?
German Foreign Minister Steinmeier's Plea——-Stop Imperial Washington's New Cold War
Yemeni Officials: Suicide Car Bombing Targets Security Compound Near Airport in Southern City of Aden, Killing 10 People

## UAVs ##
What's Next for Drone Warfare?
Gaza: Living and Dying with Drones

## Migrants/refugees ##
The migration control fantasy

## Global unrest/mob rule/angry people/torches and pitchforks ##
Neofeudalism and Peasants with Pitchforks: Corporate Power Destroys Democracy
There is no avenue left for advocacy, grievances or redress in a system dominated by global corporations.
A Period of Major Civil Unrest is Coming – How to Win an Inevitable Confrontation with the Status Quo
Hundreds Protest Against Alleged Police Killings in Kenya
Protests erupt in Baton Rouge after graphic video of police shooting surfaces
Chilean police clash with protesting students in Santiago
UNICEF: One in nine children being raised in war zones
Police: 30-Person Melee at Wal-Mart Leads to 4 Arrests
A WhatsApp blackout in Zimbabwe was no match for massive protests against Mugabe's failing economy
Protesters succeeded in shutting down the main cities in what has been the most brazen display of public dissatisfaction in Zimbabwe since the violent contested election of 2008.
Protests outside Minnesota governor's mansion after officer-involved shooting
Labor Unrest in China: Workers Launch Wildcat Strikes on Walmart

## Energy/resources ##
Germany may wait 100 years for nuclear waste storage site
The challenges facing nuclear decommissioning get worse by the day. Long before the next century, civilization as we know it will have ended. There certainly won't be any money for nuclear waste storage sites. I predict that there will be many "open air" storage sites. -- RF
World's Biggest Coal Producer Exploring Exports to Trim Glut
The Future of Nuclear Power Is 'Challenging,' Says WNA Report
US nuclear industry suffers shutdowns, pressured by power prices
Latest Pipeline Bombing Adds to Industry Woes in Colombia
Nigerian Militants Continue Strikes Against Oil Facilities
Richard Heinberg – The Difficult Pathway To A Renewable Future
You want a nice green world full of solar panels and wind machines? So do I, but as we are about to find out, that isn't going to be easy, if it's possible at all. Of course, trying to survive in a climate wrecked by fossil fuel emissions may not be possible either.
Shrinking Chinese Demand About To Slam Oil Prices
IEA: Investments in energy down across the board
Lost Generation Of Oil Workers Leaves Few Options For Next Boom

## Got food? ##
Hundreds of Venezuelan women storm border in search of food
In Venezuela's difficult times the grassroots are stronger
As national economies collapse, we'll all be farming our backyards and neighborhood vacant lots. -- RF

## Environment/health ##
Vanishing Act: Why Insects Are Declining and Why It Matters
Insect populations are declining dramatically in many parts of the world, recent studies show. Researchers say various factors, from monoculture farming to habitat loss, are to blame for the plight of insects, which are essential to agriculture and ecosystems.
Bees' ability to forage decreases as air pollution increases
Carbon emissions from Indonesia forest fires hit new high
Jurors say DuPont acted with malice, award $5M to ill man
NASA Images Show Toxic Air Challenge Choking Indian Subcontinent
Mexico City chokes on its congestion problem
Nearly 60 Million People in U.S. Under Heat Alerts
Hong Kong blames China for the huge amount of trash blanketing its beaches recently

## Intelligence/security/internet/cyberwar ##
Tony Blair's Secret Letters to George W. Bush on Iraq War Released
Everyone Knew that Iraq Didn't Have WMDs (And Chilcot Report Is a Whitewash)
Scientists Taught a Robot to Hunt Prey
US Navy Is Rigging Locusts to Sniff Out Bombs
Although dogs' noses remain the gold standard for chemical detection, bugs' simpler neurological system make them easier to engineer and control.
Wendy's Says More Than 1,000 Restaurants Affected by Hack
The Damning Truth: What the FBI didn't say about Hillary Clinton's email
Comey: Hillary's FBI Testimony Wasn't Under Oath Or Recorded, But It Would Still Be a Crime To Lie
The Blowback Begins: Marine Demands Same Treatment As Hillary
FBI Vacuums Up Local Law Enforcement Documents To Block Open Records Requests About Orlando Shooting

## Propaganda/censorship ##
How Israel Succeeds in Watering Down Criticism From Major Powers
Bakari Sellers: Hitman for Israel, Hillary and Wall Street

## Systemic breakdown/collapse/unsustainability ##
Energy limits: Why we see rising wealth disparity and low prices
Infrastructure: Our Future Is (Literally) Crumbling Before Our Eyes
As I've said time and again, net energy decline makes it impossible to replace this infrastructure. -- RF
Already hectic commute could get worse with trains sidelined
Brazilian soldiers begin patrolling Rio Olympic venues amid rising crime rates
Volkswagen recalls 5,900 gas-powered Touran models worldwide
The Thin Veneer Of Civilization That We All Take For Granted Is Evaporating All Over The Globe

## Japan ##
Tokyo earthquake will cost somewhere from $1 to $4 trillion and likely soon
If a disaster is capable of crashing the world financial system, an earthquake in Tokyo is surely one of them.
How Abenomics Fails: Japanese Firms Choose Salvaged Computer Parts Over Investment
Japan's Solar Boom Showing Signs of Deflating as Subsidies Wane
Targeted threats expose weaknesses in Japan's cyberdefenses
TEPCO to reuse tanks holding radioactively contaminated water at Fukushima plant
GSDF mulls easing restrictions on weapons' use for 'justifiable defense'
The Proof Is In From Japan——QE Is An Absolute Failure
Japan does not have fiscal space for more stimulus
Something Big Is Coming: Bernanke To "Secretly" Meet With Kuroda; "Helicopter Money" On The Agenda

## China ##
'Nothing more than a piece of paper': former Chinese envoy dismisses upcoming ruling on South China Sea claims
China warns US against infringing on its sovereignty ahead of ruling on territorial claims in South China Sea
Chinese Cities To Be Nationally Ranked For Water Pollution
20,000 tons of trash from Shanghai illegally dumped beside Suzhou's Lake Tai
China says wants peace after paper warns on South China Sea clash
China's government sought to downplay fears of conflict in the South China Sea after an influential state-run newspaper said on Tuesday that Beijing should prepare for military confrontation.
Revisiting Chinese Balance of Payments and RMB Pressures
Xinjiang Imposes Selective Fasting Ban Amid Terror Crackdown
The government in Xinjiang has once again banned state employees, Party members, students, and minors from fasting during Ramadan. The customary ban on Ramadan observance was imposed this year shortly after Beijing issued a white paper in June applauding religious freedom in Xinjiang.
Beijing To Limit New Cars To Just 100,000 A Year
LOOK: Wuhan witnesses insane flooding as historic amount of rainfall submerges city's transportation network
China changes GDP calculations again
China has altered its gross domestic product calculation method for the second time in less than a year, officials said Tuesday, amid doubts among overseas investors about data accuracy.
China's innovation economy a real estate bubble in disguise?

## UK ##
Domino #7: In Dramatic Twist, UK Property Fund Cuts Value Of Its Assets By 17%
#8 and #9: As Redemption "Panic" Accelerates, Two More UK Property Funds Slash Value Of Their Property Assets
Like Hillary Clinton, Britain's Tony Blair Will Avoid Accountability for His Crimes
Chilcot report unlikely to damage Tony Blair's income or influence
Britain commits 650 troops to Nato's Baltic forces deterring Putin
Third of councils in England refuse to take in Syrian refugees
Chilcot report: MI6 may have got crucial intelligence on Iraq WMDs from a Nicolas Cage film
Trade Union Says UK Oil, Gas Workforce Plan Comes up Short

## US ##
Woman Who Live-Streamed Boyfriend's Shooting in Minnesota Speaks Out
Planet Debt—–45 Years Of Fiat Finance
America Has Become A Lawless Nation – Hillary Clinton Magically Cleared By The FBI
Puerto Rico debt crisis is lesson for Guam, officials say
Cascadia subduction zone 9.0 earthquake will cost hundreds of billions of dollars and many lives
According to the Oregon Resilience Plan, "The interruption of normal economic activity could generate such huge costs that the region may never fully recover".
This is highly likely, and we have a good preview in the "3/11" earthquake and tsunami disaster in Japan. Following that disaster I predicted that the stricken region would never rebuild what was lost, and indeed reconstruction there is proceeding at a snail's pace. -- RF
Media Gets Facts Wrong on Loretta Lynch/Bill Clinton Tarmac Meeting
Domestic Trade Is Disintegrating: Heavy Truck Orders Plunge To Lowest Since 2010
Those not in the labor force grows by 25,000,000 people from 2000 to 2016: During this same period those employed grew by 15 million and those unemployed grew by 6 million.
Blissful Bush Celebrates Birthday with No War Crime Reckoning
Includes dinosaurs! Noah's Ark of Biblical Proportions Ready to Open in Kentucky
Depression strikes nearly 3 million U.S. teens a year
Boeing slows payments to suppliers as it accelerates cost cutting

## The candidates ##
Trump Lauds Saddam Hussein Versus Terrorists
Sanders' Supporters Grapple With FBI Decision on Clinton Emails
Bernie Sanders Is Still Running For President: Ahead Of Democratic National Convention, Vermont Senator Plans Massive Rally
Sanders Reportedly Booed by House Dems Who Just Want Clinton Endorsement Already
Hillary Clinton's Emails and the Crisis of Legitimacy
France's Marine Le Pen Backs Donald Trump for U.S. President
Hillary Clinton's Libyan Fingerprints

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