Thursday, January 05, 2017

 

News Links, January 6, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Debt Hits 325% Of World GDP, Rises To Record $217 Trillion
Shipping faces choppy conditions (South Africa)
Just one problem: There ain't no such thing as free money. -- RF
F@ck Work? (on the universal basic income)

## War on cash/cashless society ##
Power & Profit Fuel War on Cash in Europe

## Fault lines/flashpoints/powder kegs/military/war drums ##
Requiem for a UN 'Yes Man'
Even as much of the world bridled at the U.S. pretensions of "unipolar" power, U.N. Secretary General Ban Ki-moon toed Washington's line and further undercut the U.N.'s supposed evenhandedness.


## Global unrest/mob rule/angry people/torches and pitchforks ##
Fuel Price Protests In Mexico Lead To Critical Situation
And the same goes for other biofuels, if the purpose is to prop up industrial society. In the case of fossil fuels (biofuels made by nature), nature did most of the work for us. Biofuels, on the other hand, require us to do it all ourselves. Accordingly, the energy returns on biofuels are pitifully low, certainly not enough to sustain industrial society. -- RF

## Environment/health ##
Company Stands by Plan to Bury Nuke Waste Near Lake Huron
A Canadian company that wants to bury waste from nuclear power plants near Lake Huron said Tuesday a study of alternative sites had found none better than a location already targeted, which has drawn strong opposition on both sides of the border.

## Intelligence/security/internet/cyberwar ##
Russian Hacking Report: All Hat, No Cattle
Anti-surveillance clothing blocks security cameras' facial-recognition software
New anti-surveillance clothing has been developed, allowing wearers to prevent security cameras which use facial recognition technology from recognizing them. The clothing uses complex colored patterns of digitalized faces, and parts of faces, to overload and trick facial recognition software.
As with the "killing" of OBL, when the story is made up from the start, it's easy to have different versions or make changes. -- RF
The FBI Never Asked For Access To Hacked Computer Servers
The Democratic National Committee tells BuzzFeed News that the bureau "never requested access" to the servers the White House and intelligence community say were hacked by Russia.
And enlightening peek into the US media propaganda mill. -- RF
Danger in Democrats Demonizing Putin
With the Clintons' corporate money machine floundering after a devastating election defeat, Democrats are desperate to find someone to blame and have dangerously settled on Vladimir Putin.

Inherited wealth will decide how rich young people will become, a study warns
The 'bank of mum and dad' will determine the future wealth of the young, says the Institute for Fiscal Studies – because of declining home ownership and pensions and stagnating incomes.

## US ##
How Bad Will the "Bond Massacre" Get?
Worse "than the 1994 'Bond Massacre,'" with "sustained double-digit losses on bonds, subpar growth in developed markets, and balance sheet risks for banking systems…."
Universities have started launching their own crowdfunding platforms

## POTUS-elect ##
Unfortunately, Trump didn't merely pick one or two competent finance guys to be in charge of finance-related jobs. Rather, he decided to surround himself with some of the worst of the worst within an industry that often operates like a criminal syndicate.

And finally...




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