Sunday, December 18, 2016

 

News Links, December 19, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Singapore Dollar Likely to Slide to Levels Seen After 2008 Crisis, Says Policy Sage



## Fault lines/flashpoints/powder kegs/military/war drums ##
Macedonian Politician: Foreigners Interfering After Vote

## Global unrest/mob rule/angry people/torches and pitchforks ##

## Energy/resources ##
U.S. Shale Energy Industry Has Been In The Red Since 2009
Read this article and then recall these facts the next time you hear the mainstream media hoopla about the unbelievably fantastic shale gas industry. -- RF
Petrobras Strikes Chinese Deal To Get $5B Funding, Supply Oil
French taxpayers face huge nuclear bill as EDF financial crisis deepens
Nuclear giant EDF could be heading towards bankruptcy, writes Paul Brown, as it faces a perfect storm of under-estimated costs for decommissioning, waste disposal and Hinkley C. Meanwhile income from power sales is lagging behind costs, and 17 of its reactors are off-line for safety tests. Yet French and UK governments are turning a blind eye to the looming financial crisis.


## Intelligence/security/internet/cyberwar ##
House Intel committee chair: if top spies won't come to us, we'll visit them
The Pre-emptive Anti-Trump Coup
Washington insiders, trying to use Russia's alleged hack of Democratic emails to get the Electoral College to reject Donald Trump, are risking making the U.S. look like the world's largest open-air insane asylum.
A Spy Coup in America?
As the Electoral College assembles, U.S. intelligence agencies are stepping up a campaign to delegitimize Donald Trump as a Russian stooge, raising concerns about a spy coup in America.

## Systemic breakdown/collapse/unsustainability ##
Saving U.S. Infrastructure – Can Trump Do It?
No. There will never be enough money. There's nothing Trump or anyone else can do. -- RF
Neither side budging on sovereignty (Japan-Russia island dispute)
If unpaid overtime and other freebies are needed to keep an economy going, then that economy is already unsustainable and living on borrowed time. But this is just one example of the hocus-pocus that has been propping up industrial civilization even though it's already running nearly on empty. -- RF

## China ##
This is going to be hugely disruptive. -- RF
China says it seized US Navy drone to ensure safety of ships
Condominium prices are soaring in Beijing and Shanghai, making it virtually impossible for people without substantial funds or assets to obtain housing. Wealthier people, meanwhile, are enthusiastically snapping up residential units, adding momentum to the price rises.

Foreign banks in Britain pay fraction of tax rate
Some of the biggest foreign investment and commercial banks operating in Britain paid an average tax rate of just 6 percent on the billions of dollars of profits they made in the country last year, a Reuters analysis of regulatory filings shows.
'Shocking' rise in number of homeless children in B&Bs at Christmas
Shelter says government figures of 124,000 children in temporary accommodation in England show that benefit cuts have made private rents unaffordable
Are You a Deplorable? Take This Quiz to Find Out
Regardless of your ethnicity, class or religion, if you perceive the institutions that govern American life as corrupted, riddled with favoritism and spin or as broken, you're a Deplorable.
Excellent quiz. Take it now! -- RF
No Demand, No Problem: Inflation Pressures Surge
If you're still blaming it on the Russians, read this. -- RF
Only 44 percent of private sector workers participate in a defined contribution plan.
While many Americans are facing a "frightening retirement reality," 100 CEOs are looking at "colossal nest eggs" and can look forward to monthly retirement checks of over $250,000 for the rest of their lives.
Former Fed Advisor: State Pensions Time Bomb Spells Disaster For The US
Underfunded government pensions to the tune of $1.3 trillion, with a gap that just can't be filled, is the ticking time bomb facing the US economy which faces dramatic cuts in public services - and potentially riots reminiscent of Athens six years ago.



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