Thursday, October 13, 2016


News Links, October 14, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
What the Heck's Going on with the New Global Reserve Currency, the Chinese Yuan?
Turns out, another form of capital outflow is taking on increasing importance – and this is putting direct pressure on the currency: outflows in yuan that get converted into dollars offshore.
[T]hat's up over $120 billion in just six business days.
Well, of course not, and long-time readers know that's what I've been saying. Primarily because of net energy decline, we are at the start of a long downhill slide, which will stop only when civilization attains the point at which net energy and economic activity are in balance. -- RF

## War on cash/cashless society ##
Will Eliminating Cash Save the Economy?

## Airline death spiral ##
Grounded...Disruptive Passengers At Gatwick

## Fault lines/flashpoints/powder kegs/military/war drums ##
Saudi Arabia Says It Shoots Down Yemen Ballistic Missile
This would still be nothing compared to the hundreds of US military installations around the world. -- RF

## Global unrest/mob rule/angry people/torches and pitchforks ##
Chicago Youth Protest Police Militarization and Anti-Muslim Training
Documentary filmmaker arrested at Canada-U.S. pipeline protest
A documentary maker who was filming as environmental protesters attempted to shut down the flow of oil through pipelines carrying crude from Canada to the United States was arrested and her footage confiscated, activists said on Wednesday.

## Energy/resources ##
International oil companies, including Chevron Corp., Exxon Mobil, and Total flocked to the European country to assist in the search for gas, but they pulled back their efforts after disappointing results and the oil price crisis.
A colossal amount of money has been poured into this hole. At current oil prices, can it be recovered? -- RF

From long experience, I can tell you this works. Avoiding monocultures and mixing crops reduces insect infestations and disease. Of course that makes you "inefficient," but it's a small price to pay. -- RF

## Intelligence/security/internet/cyberwar ##
[T]he very idea that the United States would be "responding" is fundamentally incorrect. We've been engaged in nation state hacking and election fiddling for decades, happily hacking the planet for almost as long as the internet has existed. We use submarines as underwater hacking platforms, the U.S. government and its laundry list of contractors routinely hacking and fiddling with international elections and destroying reputations when and if it's convenient to our global business interests.
Foreign spies hacked Australian agency, report says
Watch This US Official Struggle to Justify Double Standard for Saudi Bombings
Asked to explain difference between Saudi airstrikes in Yemen and Russian airstrikes in Syria, State Department spokesperson struggles to answer.
Absolutely pitiful, and painful to watch. -- RF

## Systemic breakdown/collapse/unsustainability ##
Toyota recalls 340,000 Priuses globally to fix parking brake issue
The conference, called Habitat III, will address the world's "more people, fewer resources" crisis. The world will have an estimated one billion additional people by 2030, likely concentrated in cities, increasing demand for a finite supply of resources.
It's what I've been saying all along: Too many people chasing after too few resources. Bringing more people into growing cities is often seen as a way to reduce poverty, but this just gobbles up more of the forests and farmland that underpin our livelihoods. And I guarantee that there won't be an additional one billion people by 2030. -- RF

Power blackout hits 350,000 Tokyo homes, brings trains to a halt
A massive blackout cut power to as many as 580,000 households for a short period in central Tokyo on Wednesday afternoon, disrupting trains and traffic lights and bringing elevators to a halt.

## China ##
Chinese billionaire Wang Jianlin calls it "the biggest bubble in history." And the richest man in China, with a net worth of more than $30 billion, has been selling all of his real estate as fast as he can since early 2014.
China Cities Face End of Fairy Tale as Default Risks Rise
There's not much democracy to undermine in the first place. In a way, the US political system is similar to China's in that the US too has what is essentially a one-party system. The US system is rigged to shut out other parties, and compel voters to choose between two War Party candidates through a mechanism known as "Lesser Evilism." -- RF

## The candidates ##

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