Tuesday, May 30, 2017


News Links, May 31, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Luxury market pins hopes on millennials as industry posts first year of decline since 2009
How Debt-Asset Bubbles Implode: The Supernova Model of Financial Collapse
When debt-asset bubbles expand at rates far above the expansion of earnings and real-world productive wealth, their collapse is inevitable. The Supernova model of financial collapse is one way to understand this.
Swiss gold fund manager Egon von Greyerz, interviewed by King World News, reports that Swiss gold refiners say all their production is being absorbed by China and India and there's no need to market gold, since everything coming out of the mines is spoken for.
British Airways vows 'never again' after costly IT collapse
BA Fiasco Shows Air's Getting Thinner for Legacy Airlines

## Fault lines/flashpoints/powder kegs/military/war drums ##
Why the Saudi weapons deal may not live up to hype
Trump Submits to Neocon Orthodoxy
In his Mideast trip to Saudi Arabia and Israel, President Trump sought some political safe harbor by tacking toward neocon orthodoxy and jettisoning his campaign promises of a more rational strategy.

## Migrants/refugees ##
End to 'temporary' status for US migrants feared under Trump

## Global unrest/mob rule/angry people/torches and pitchforks ##
Third night of protests in northern Morocco

## Energy/resources ##
Talk about cutting your own throat! And it's the same all over the planet. Humans are incredibly short-sighted, not to mention greedy and stupid. What's more, our "leaders" facilitate this madness. -- RF

JFK's Russian Conspiracy
Kennedy had his own secret back channel with Moscow. It may have kept the superpowers from going to war.
Which is the observation I made on May 22. -- RF
Macron said the Russian media organizations are "organs of influence and propaganda" and "behaved like structures of the government."
The description sounds just like the US media. -- RF

Japan's abiding faith in high tech as a solution for every problem is going to end in tears. -- RF

How China's young people became addicted to debt
Easy access for millennial consumers has helped nearby double the nation's overall debt-to-GDP level
Maybe this will help keep the economy on life support a little longer. -- RF
Here's another area in which Trump is learning to do the deep state's bidding. He's learning fast! -- RF
Dollar General openings account for 80 percent of new stores in the US and largest occupation in US is in retail
As part of the drive to drive President Trump from the White House, some "never-Trumpers" are rehabilitating George W. Bush as a relative "moderate" and thus whitewashing his war crimes.

Sunday, May 28, 2017


News Links, May 29, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Baltic index hits lowest since early March on tepid demand
The Federal Reserve Is Destroying America
And wait until you hear what they're getting away with now
Supply problems hit production at BMW: Focus
Problems at one of its suppliers has forced German carmaker BMW (BMWG.DE) to halt production in Leipzig and could hit its plants in China and South Africa, German magazine Focus reported in its online edition.
GTA home sales plunge as much as 61 per cent
Toronto region ground-level home sales dropped 26 per cent overall between April 20 and May 20, according to one real estate broker.

Staff resorted to writing on whiteboards in an attempt to keep passengers updated.
British Airways still hobbled with tech cancellations
US official mulling greatly expanded airplane laptop ban
Homeland Security Secretary John Kelly said Sunday he's considering banning laptops from the passenger cabins of all international flights to and from the United States.
Homeland Security Ponders Laptop Ban On All International Flights: Surefire Way to Stop Bombs on Planes
United Airlines accuses gay dad of having hands 'too close' to son's genitals
Get ready for the coming business travel crisis
Airport rules for laptops and smartphones will change fast, exposing company data.

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Saudi Deal Shows Just How Broken the US Arms Export Process Has Become
US Puts Multi-Warhead Interceptor On the Fast Track
Officials won't say it's because of North Korea. But experts say Pyongyang's planned ICBMs will almost certainly release decoys to cloak their nukes.
Russia's Putin drafts new rearmament program
Forget Supersonic. Hypersonic Is the U.S. Military's New Speed
In the future, military dominance will depend partly on how fast you can fly and how quickly you can get into space. That's one of the guiding principles behind an advanced Pentagon project to build a spacecraft able to launch smaller payloads into low-earth orbit on short notice, and at lower cost.
Recent weeks have seen a resurgence of piracy off Somalia's coast after five years of inactivity.
Trump goes on Iran-bashing tour
US President Donald Trump, arriving in Israel on May 22 right after a stop in Saudi Arabia, found another ally eager to praise him for his tough stance on Iran — and encourage him to get even tougher.
Europe May Finally Rethink NATO Costs
By dunning NATO nations to chip more money into the military alliance, President Trump may inadvertently cause some Europeans to rethink the over-the-top anti-Russian propaganda.

## Migrants/refugees ##
'Horrific' Increase in Worldwide Displacement, Shows New Report

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands protest against Trump in 'hellhole' Brussels
Coming soon to a venue near you. -- RF

## Energy/resources ##

## Got food? ##
A third of the nation's honeybee colonies died last year. Why you should care
America's beekeepers watched as a third of the country's honeybee colonies were lost over the last year, part of a decade-long die-off experts said may threaten our food supply.

## Environment/health ##
Yes, austerity kills. But the notion that, because austerity "doesn't work," we need to turn on the money spigot, betrays the mistaken thinking of spending proponents, who strangely believe that the good times will roll again, making it possible to pay back money borrowed to avoid austerity. Unfortunately, austerity is the New World Order. -- RF
Study links diesel pollution to heart damage
Atmospheric particulate matter PM2.5 was associated with harmful changes to heart structure and function.
Leaked Documents Reveal Counterterrorism Tactics Used at Standing Rock to "Defeat Pipeline Insurgencies"
A shadowy international mercenary and security firm known as TigerSwan targeted the movement opposed to the Dakota Access Pipeline with military-style counterterrorism measures, collaborating closely with police in at least five states, according to internal documents obtained by The Intercept.
Britain's May asks G7 to back moves to tackle internet extremism
The U.S. Intelligence Ship Is Too Leaky To Sail
The U.S. services have lost credibility by becoming the leakiest in the world.

## Propaganda/censorship/fake news/alternative facts ##
Russiagate: Clintonites Spread the Weiner Conspiracy
Outspoken Chinese law professor, government critic, silenced
He Weifang told The Associated Press Friday that he would no longer publish on social media after authorities repeatedly shut down his personal blog, his Weibo microblog and two WeChat accounts.
Arms Deal Stories Omit War Crimes Arms Will Be Used For
Believing the Russian 'Hacking' Claim
Government lies are common when seducing a population to support a war, but the Russian "hacking" claims are unusual in that U.S. officials supply no evidence while the "fact" is just assumed.

## Systemic breakdown/collapse/unsustainability ##
Pennsylvania Coroner Says Dying Addicts Keep Morgue Full "Most Nights"
Anti-progress: The case of airline travel

## Japan ##
Japan's megabanks dip toes in cryptocurrency waters

Why are middle class Chinese moving their money abroad?
Homes in Thailand, insurance in Hong Kong – investors have many ways to skirt the rules and send their savings overseas, leaving Beijing with a growing headache in its war on capital flight
Pupils at London school asked to clean their classroom as cuts bite
Heads struggle to make ends meet at schools hit by cash shortage

## US ##
Sears Revenues Plunge, to Hit Zero in 3 Years, Shares Jump
The ingenious strategy of cost-cutting and store-closing your way out of trouble: Pretty soon, it leads to zero.
Is Your Cost of Living Rising? Why the Elites Aren't Worried About Inflation
If you want to understand why we're fragmenting as a society, start by looking at the asymmetric burdens imposed by inflation.
But check out what the Fed says. Sounds like we're talking about two different planets. -- RF
Sounds great! Where do I sign up for my free lunch? -- RF
Police: Man hurling racial slurs kills 2, injures 1 on train
Two people were killed and another was injured in a stabbing on a train in Portland after a man began yelling racist remarks at two women who are believed to be Muslim.
And the supreme irony is, it's money down a rat hole. This may enrich the involved parties, but it won't save America's crumbling infrastructure. -- RF
Chicago Population Shrinks Most of Any City in US
Illinoisans continue their exodus, with Chicago having the dubious distinction of the highest population loss in the nation.

Thursday, May 25, 2017


News Links, May 26, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Don't Believe "Eerily Low" Inflation in Canada: National Bank
"Emergency" Stimulus Is Now Permanent
What do we call a status quo in which "emergency measures" have become permanent props? A failure. The "emergency" responses to the Global Financial Meltdown of 2008-09 are, eight years on, permanent fixtures. Everyone knows what would happen if the deficit spending, money-printing, zero interest rates, shadow banking, asset purchases by central banks and all the rest of the Keynesian Cult's program stopped: the status quo falls apart.

In all fairness, deflation and economic contraction dictate that cuts must be made, and many more are in the offing. One may of course argue about priorities. -- RF
It's one of the bubbles propping up the dead-man-walking economy. -- RF
But keep in mind that it will last only as long as the power grid and internet. -- RF

## Airline death spiral ##
Cebu Pacific suspends flights to some Gulf cities
Airline says scrapped routes are 'no longer viable and sustainable'
TSA Security Lines: Changes Coming at the Airport (video)
Soon travelers will have to pull out more than just laptops from carry-on bags at airport security lines. Food and books may also end up in separate bins, per a TSA experiment.
Hillary Clinton's Syria Revenge
Had Hillary Clinton been elected, she would likely have turned the Syrian war into a global conflict within weeks of taking the oath. However, Clinton may yet prevail. "With Donald Trump now dutifully in synch with the War Party, the U.S. has countered the Syrian-Russian-Iranian-Turkish 'de-escalation' in Syria with a major escalation: 'no-go zones.'
US 'Non-Combat' Troops in Firing Range of ISIS Fighters in Iraq
'Training' Mission Now Means Firing Mortars at ISIS
Ukraine Factions Vie for Lobbying Edge
Though many Ukrainians live in poverty, government officials and oligarchs lavish millions on Washington insiders to buy influence, another example of how foreign lobbying can fuel a crisis.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Embattled Brazilian president orders troops to restore order

## Energy/resources ##
The Dying Fossil Fuel Industry
Cloudy view for energy giant Petronas
Malaysia's state-run oil and gas firm has avoided a credit rating downgrade and financial losses through sharp cost cutting that has crimped its future plans and ambitions
India cancels plans for huge coal power stations as solar energy prices hit record low
That's great news, but keep in mind that renewables won't sustain economic growth or prop up industrial societies. We are in for some painful and shocking changes. -- RF

## Got food? ##
Nearly 2,700 Natural Gas Storage Wells in America Are at Risk for a Major Leak
Across the country, companies keep extra natural gas in aging underground wells that weren't originally designed for such storage.
Most sunscreen products don't actually work

## Intelligence/security/internet/cyberwar ##
Qatar says state news agency website hacked by 'unknown entity'
DOJ Officials Express An Interest In Prosecuting Leakers And Whistleblowers

## Propaganda/censorship/fake news/alternative facts ##
Twitter Suspends WND For Seth Rich Story
Endless Propaganda
The Big Lie works. The Democrat/War Party concocts several howling lies per week, amplifies them endlessly in the corporate media, and then repeats the process the next week with a new batch of lies against targeted states and Donald Trump's associates. Meanwhile, the Democrats offer absolutely nothing of substance.
Pentagon Admits: No Physical Evidence Russia Gave Arms to Taliban
Generals Continue to Make Wild Accusations Without Evidence
In the days of high net energy, it seemed sensible to host the games, and indeed was a much lighter burden than now. Net energy decline guarantees that costs will continue to soar. Cities are having trouble just with the upkeep of the infrastructure needed to maintain their urban functions; adding the Olympics is now a back-breaking load. Now's the time to ask the question: How much longer until the last Olympics? -- RF
But there will be no glorious future in which everybody is hailing EV taxis with their smartphones. There will be far fewer cars of any kind, and — judging by the rate that infrastructure is already deteriorating — few well-maintained roads for them to use. -- RF
Eightfold by 2030? Ain't gonna happen! -- RF
What Is It Like to Live Without Running Water? Detroit Families Know
A recent study predicts that in the next five years, more than one-third of Americans will not be able to afford their water.
But this time it's different! Right? -- RF
U.S. may review plan to relocate forces in Okinawa to Guam
U.S. Marine Corps Commandant Gen Robert Neller said Wednesday the country is considering reviewing its plan to relocate U.S. Marines in Okinawa to Guam in light of recent developments in North Korea and environmental concerns in Guam.

## China ##
Moody's downgrades China's rating to A1
The day China's version of the Lehman crisis explodes
An extraordinary expansion of personal debt poses a major risk to the world's second-largest economy
The rise of the Little Pink: China's young angry digital warriors
Who are these angry Chinese dominating the internet with their jingoistic rage, where are they from and how did they emerge? We tell you
China won't back further measures to rein in North Korea

## UK ##
The great London property squeeze
As affordable housing in Britain's capital is replaced by luxury towers, people on middle incomes are being priced out, while the poor are forced to pay extortionate rents for shocking conditions
Government Austerity Demands That We Die Within Our Means

## US ##
Inflation Isn't Evenly Distributed: The Protected Are Fine, the Unprotected Are Impoverished Debt-Serfs
Welcome to debt-serfdom, the only possible output of the soaring cost of living for the unprotected many who are ruled by a hubris-soaked, subsidized Protected Elite.

Tuesday, May 23, 2017


News Links, May 24, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Our 24/7 economy and the wealth of nations
Researchers examine the impact on children's development as more parents work nonstandard hours, sacrificing health and well-being
Can Quant Funds Trigger a Stock Market Crash?
Having surged for years, quant hedge funds dominate stock trading.

## War on cash/cashless society ##
Bitcoin value soars to new record over $2,200
## Airline death spiral ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
Philippines' Duterte heads to Russia in blow to US
Neocons Are Still Writing The Script
Iran has been in neocon crosshairs for a very long time. U.S. Presidential Administrations come and go, Democrat and Republican, but the neocon script has remained the same.
Catalonia Threatens Immediate Declaration of Independence if Spain Doesn't Approve Referendum
All Power to the Banks! The Winners-Take-All Regime of Emmanuel Macron
Donald of Arabia: A Disgusting Spectacle
Has there been a more disgusting spectacle during the four months of this presidency than the sight of Donald Trump slobbering all over the barbarous Saudi monarch and his murderous family of petty princelings?
Israeli settlers cheer as Donald Trump ends his trip without mentioning Palestinian state

## Global unrest/mob rule/angry people/torches and pitchforks ##
Occupy Silicon Valley: The next populist movement may be aimed at tech wealth, report says

## Energy/resources ##
Fuel Theft Report Exposes '800-pound Gorilla'
It funds illicit activities such as terrorism, transnational crime, militancy and insurgency. Left unchecked, it can contribute to endemic corruption, erode the rule of law and even disguise itself as a public good – an agent of social welfare. Moreover, it occurs on a scale approaching that of drug and arms trafficking. Nevertheless, this problem often receives scant attention from government authorities. What is this proverbial 800-pound gorilla? The theft of refined oil products.

There Aren't Enough Slaughterhouses to Support the Farm-to-Table Economy
Sellers of high-end pork, beef, and chicken agree: there simply aren't enough facilities to humanely and safely kill their animals.
War on Sugar Turns Years of Growth Into Market Tipping Point
Schwarzenegger says you can have four Hummers and still save planet
Three of his Hummers run on hydrogen, vegetable oil and bio-diesel and he's hoping to put an electric engine into the fourth.
Now that's what I call a solution! -- RF
Wildlife Traffickers Exploiting Airlines Worldwide 
A new analysis of global airport wildlife seizure and trafficking data reveals that wildlife traffickers around the world are heavily exploiting the air transport sector to smuggle protected and endangered animals and animal products on commercial flights.

New Cracks in Russia-gate 'Assessment'
President Obama's ex-intelligence chiefs admit they limited input into the Russia-gate "assessment," which was handled by "hand-picked" analysts, raising the specter of politicized intelligence.
Trump Lets Saudis Off on 9/11 Evidence
Like his predecessors, President Trump made nice with the rich royals of Saudi Arabia, despite damning evidence that they have supported Islamic terrorists, including the 9/11 attackers.

## Propaganda/censorship/fake news/alternative facts ##
How Russia Became "Our Adversary" Again

## Systemic breakdown/collapse/unsustainability ##
TINA's Legacy: Free Money, Bread and Circuses and Collapse

## Japan ##
Bitcoin going mainstream as Japanese business signs on
Some 300,000 stores seen taking the virtual currency this year
Does the World End in Fire or Ice? Thoughts on Japan and the Inflation/Deflation Debate
Japan has managed to offset decades of deflationary dynamics, but at a cost that is hidden beneath the surface of apparent stability.

Car loans, low rates, second mortgages: all the ingredients for a new credit crunch
The relentless rise in consumer borrowing is starting to cause real concern in the financial services industry. And with good reason
Sloppy Subprime Loans Will Deepen Auto Woes
It's no secret the auto-loan business has been going gangbusters in the past few years. But it's surprising to learn just how lax lending standards have become as firms jostle for market share.
Liar Loans Dog Subprime Auto-Loan-Backed Securities
Santander, top subprime auto lender, verified income on only 8% of loans: Moody's.
America's Cities Are Running Out of Room
Everyone wants to live downtown, but only the rich can afford it. And it's getting worse.
Too many humans. -- RF

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