Friday, February 17, 2017

 

News Links, February 18, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Hanjin Shipping officially sunk, declared bankrupt
Greece says 'not a euro more' in cuts as EU officials call for speedy deal
Welcome to the new dark ages, where only the wealthy can retire
Kyrgyzstan: Currency pioneers mold nation of Gold Bugs at Ex-USSR's Edge
Kyrgyzstan's central bank wants every citizen to diversify into gold. Governor Tolkunbek Abdygulov says his "dream" is for every one of the 6 million citizens to own at least 100 grams (3.5 ounces) of the precious metal.
50 stores! Construction work starts on new $39m Oman shopping mall
Dow Jones Industrial Average Is A Ponzi Scheme
"Bank run" under Capital Controls: Greeks withdraw €2.5bn in 45 days
Caterpillar Records 50 Consecutive Months Of Declining Global Sales

## Cut, baby, cut! ##
Report: Payless could shutter up to 1,000 stores

## Airline death spiral ##
Kuwait's Jazeera sees 2016 net profit slump by nearly 30%
Airline says full-year revenue also down by 10% despite carrying marginally more passengers

Navy flight-tests sub-launched Trident II ballistic missiles
NATO Seeks Further Buildup in Black Sea, Eastern Europe
Europe must not bow to U.S. spending demands on NATO: EU's Juncker
Netanyahu's No-Way to a Peace Deal
Israeli Prime Minister Netanyahu tried to sound reasonable in his first meeting with President Trump, but he will never agree to a reasonable peace deal with the Palestinians.
Trump Says Palestinian Statehood Isn't Necessary for Peace. Netanyahu Calls Him the Greatest.

## Migrants/refugees ##

## Propaganda/censorship/fake news/alternative facts ##
Russian spy ship now off Virginia coast
OMG! Press the panic button! Seriously, this can't hold a candle to the world-girdling spy network deployed by the US against all the significant global players, including, of course, Russia. This panic-button article is part of the Russia-scare distraction campaign meant to keep Americans from focusing on the long-developing internal factors that are running their country into the ground. -- RF

## Systemic breakdown/collapse/unsustainability ##
White House posts wrong versions of Trump's orders on its website
This Is How the Status Quo Unravels: As the Pie Shrinks, Everybody Demands Their Piece Should Get Bigger
Fragmentation, discord, discontent, class war: this is the inevitable result of a shrinking pie.
Because energy underlies everything, pie shrinkage accelerates as net energy decline proceeds. -- RF
Rio's Olympic organizers are unsure how they will repay the $40 million they owe to creditors for setting up the Olympic facilities.
Superbugs rampant in China's poultry products, study shows
Microbes that cannot be killed by antibiotics are found easily in entire production chain, according to multinational research
Black Mirror or Red Herring? Shazeda Ahmed on China's Social Credit System

## US ##
3 reasons the U.S. could be headed for a fresh debt crisis
Look at what's happening with subprime car loans, student loans and mortgage defaults for those with lower credit scores
Glenn Greenwald Tells Truth About DNC: Nancy Pelosi and Chuck Schumer Leading Collapsed Party of Shills
So far, Trump has behaved exactly like he has throughout his previous career: He has generated intense attention and sold himself as a man of action while doing little other than promote an image of himself as someone who gets things done.




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