Tuesday, January 03, 2017

 

News Links, January 4, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Shipbuilders Continue to Struggle Amid Downturn
Paris Eyes Luring 20,000 Bankers From London Amid Brexit Rupture
Indonesia Terminates All Business Relationships With JPMorgan After Downgrade
Hyundai, Kia aim to grow 2017 sales to 8.25 million vehicles globally
Tax Office faces explosion of complaints amid thousands of job cuts
Complaints to the Australian Taxation Office have increased by more than 40 per cent in three years, coming amid thousands of job losses and serious IT system failures which saw staff sent home and taxpayers left without key services in December.

## Airline death spiral ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
SKorean president refuses to testify in impeachment trial

## Global unrest/mob rule/angry people/torches and pitchforks ##
Mexicans Block Roads, Stations to Protest Gasoline Hikes
Hong Kong rally calls for high degree of autonomy

## Energy/resources ##
Unfortunately, the bad news is even worse. Fossil fuels are needed to manufacture and deploy renewables. There appears to be simple-minded belief that we could use the electricity from renewables to power not only industrial civilization, but also the hardware scrap-and-build cycle. This belief overlooks the crucial difference between fossil fuels and renewables. In the case of fossil fuels, nature did all the heavy lifting for us by producing biomass on a vast scale and then putting it in gigantic pressure cookers. Humans just have to dig or pump out the products and refine them. With renewables, we must do this ourselves over immense areas of land. In other words, fossil fuel energy is concentrated, stored energy, while that from renewables is diffuse, real-time energy. Using electricity from renewables to run the industrial machine would be prohibitively expensive. But there's another major factor that most people completely overlook: Large-scale infrastructure like wind and solar farms needs to be financed with debt — LOTS of debt, and that requires a sound financial system. Unfortunately, the global economy and financial system are doomed. Furthermore, although there could be a post-crash revival, the system will never recover to the current scale because net energy is already too low, and will continue to decline. -- RF
Tyra's owner and operator Maersk Oil said over the weekend that aging infrastructure at Tyra is becoming a critical issue. With management having been unable to come up with an economically-viable solution for modernizing the development.

## Intelligence/security/internet/cyberwar ##
Fridges and washing machines could be vital witnesses in murder plots
Ministry of Truth: The War Against Alternative Information
The U.S. government is creating a new $160 million bureaucracy to shut down information that doesn't conform to U.S. propaganda narratives, building on the strategy that sold the bloody Syrian "regime change" war.
Five reasons why we don't have a free and independent press in the UK and what we can do about it
Consigned to the memory hole: the content of the DNC leaks
Hidden from the media narrative of Russian cyber sabotage is the content of the DNC leaks, and how the leaks revealed  the arrogance and corruption of the Democratic Party elite.

## Systemic breakdown/collapse/unsustainability ##
'Patients who should live are dying': Greece's public health meltdown
The Clintons have done enough damage
They need to take their money, step away from politics and hope no one follows their example.

## POTUS-elect ##




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