Sunday, October 30, 2016


News Links, October 31, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The gap between poor and rich regions in Europe is widening
"Global Economy Is Not Improving" - Anxious CEOs Blame Poor Data On Weak US Consumer
Singapore's Spreading Oil Slick
Oil is still causing Singapore banks to lose their footing. Two of the city-state's three biggest lenders posted another spike in nonperforming loans last week because of souring advances to energy companies. Given the rate of deterioration, it may be wishful thinking to predict the worst is behind them.
Collapse is going to be especially hard on places like Singapore, which basically has nothing but a lot of mouths to feed. Dubai is another example. -- RF
Private-Jet Forecast Cut by 600 Planes as Slow Growth Zaps Sales
Business-jet deliveries are dropping and won't rebound before 2018, according to a benchmark forecast of corporate aircraft demand over the next decade.
Proof The Gold Price Based On Cost, Not Supply & Demand
The notion that the gold price is based on the economics of "Supply & Demand" turns out to be incorrect as the cost of production is the leading factor.  This is also true for most commodities and energy.

## Cut, baby, cut! ##
VW HR chief says expects five-digit number of job cuts: FAZ

## War on cash/cashless society ##
A sneak peek at the glorious future of the cashless society. Interestingly, the article notes that stores were accepting cash payments while waiting for the crash to be fixed. -- RF
With Zcash Launch, Blockchain Enters the Age of Anonymity
Although introduction of new technology (in this case, RFID tagging) is supposed to usher in greater efficiency, in reality we are past the point where this happens. Instead, adding more technology becomes a drag on the system. -- RF
Japan Airlines' operating profit slides 20%

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S.-Russian Military Communications on Syria a Work in Progress
The De Facto US/Al Qaeda Alliance
Spain Gets New Government, but Will It Be Able to Govern?

## Migrants/refugees ##
European Union Offers a Million Debit Cards for Syrian Refugees in Turkey

## Global unrest/mob rule/angry people/torches and pitchforks ##
Tribe vows to fight North Dakota pipeline through winter
The Passion Behind Standing Rock Protest (interview with Native American activist Bill Means)
It's getting increasingly obvious that this price crash hurt oil supermajors more than previous crashes. Perhaps this is only natural: the amount of new discoveries made every year will decline over the decades, as oil is, sadly for many, finite. What's more, however, these supermajors had been splashing growing amounts of money on new exploration, the results of which have only been getting worse.
It's the age-old story of exploitation, and it applies worldwide. -- RF
Why the Truth Might Get You Fired
The tension between intelligence analysts and political policymakers has always been between honest assessments and desired results, with the latter often overwhelming the former, as in the Iraq War.

Alien UFO Invasion Will 'Save Earth from World War III': Latest Conspiracy Theory Shows People Really Want To Believe In Extraterrestrial Life
Although I have no inside information on this, I think it's unlikely that an alien armada on its way to Earth has been detected, and even if there was such a thing, a planetary missile-defense system would be useless in stopping such technologically advanced invaders. However, I don't see how this is a "conspiracy theory." Presumably, no Earthlings are in on the invasion plan. The real purpose of this article in its inappropriate use of the term "conspiracy theory" is to ridicule people who don't trust government/media propaganda by linking them with alien invasion believers. "No credible news outlet has covered the story," states the article in an authoritative tone, suggesting that purveyors of "credible" news avoid anything that doesn't ring true. But actually those "credible" news organizations slant, hide, misinform, alarm, and tell outright lies. Remember Iraq's fearsome arsenal of WMDs? It was "credible" news organizations that spread this propaganda. And now according to those same media, Russia is the world's bogeyman, and Putin has horns. Of course I link to many mainstream media articles here, but savvy readers know they must read with care. -- RF

## Systemic breakdown/collapse/unsustainability ##
The US spent billions building roads in Afghanistan; now many of them are beyond repair

## Japan ##
UK hospitality sector set to overtake manufacturing in 'march of the waiters'
UK manufacturing has declined to such an extent that it is now neck and neck in employment figures with bar, hotel and restaurant jobs.
As late as 1980, families comprised only 1 percent of the homeless population. That number is now 37 percent.
Prices skyrocket for middle class goods and services.

## The candidates ##
And $630,000 to get more Facebook likes on State Department pages. Are they that desperate for likes? -- RF
Clinton, Inc., is dishonest, above the law, on the take.
China Laughs, Says US Choosing Between 'A Crazy Guy' And 'A Swindler'
Certainly, America's one-party system gives democracy a bad name. -- RF
In fact, their authenticity can be proved, as pointed out recently. -- RF

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