Wednesday, June 07, 2017

 

News Links, June 8, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Bill Gross: "Market Risk Is Highest Since Before The 2008 Crisis"
Elliott's Singer Warns System May Be More Leveraged Than 2008
Puerto Rico's bankruptcy leaves US island facing hard times
Australians curb spending as household debt balloons
Santander buys struggling Spanish bank Popular for €1
Gold Makes Run Toward $1,300 as Risk Flares From U.K. to Mideast
Japan to promote direct Asian currency exchanges
Japan's Ministry of Finance seeks to create a market enabling direct exchanges of the yen and other Asian currencies without using the dollar as an intermediary, an idea that could reduce funding costs for financial institutions and businesses.

## Cut, baby, cut! ##
Sears is closing an additional 72 stores this year
Loyalty data suggest Nine West may be the next to close stores

## Fault lines/flashpoints/powder kegs/military/war drums ##
No Laughing Matter: The Manchester Bomber is the Spawn of Hillary and Barack's Excellent Libyan Adventure
London Attacks: Ron Paul Says Don't Blame Iran
Why is it that when they talk about terrorism, politicians can never admit the role our foreign policy plays?

## Global unrest/mob rule/angry people/torches and pitchforks ##
Shots fired at protest kill 5 farmers in central India

## Energy/resources ##
Manufacturers warn of more Glencore type decisions
Australia will be denied new investment and will watch more of its refineries and smelters close unless the price and security of energy can be resolved, business leaders warn.
Smart meters yield underwhelming savings
But probably not. -- RF


## Intelligence/security/internet/cyberwar ##
The mainstream U.S. media sells the mythical integrity of fired FBI Director Comey and special Russia-gate prosecutor Mueller, but the truth is they have long histories as pliable political operatives.
Top intel officials Coats and Rogers say they've never been 'pressured' on Russia investigations
The Intercept Trumpets Time-Wasting News

## Systemic breakdown/collapse/unsustainability ##
Plan B: How the rich are prepping for collapse
Plans call for burning wood chips as fuel, which only makes sense if the chips are made from logging and sawmill waste. Growing tree plantations for the purpose would result in very low power density, making such plants useless for propping up industrial society. -- RF
First F35 assembled in Japan shown to public
According to the basic draft policy on the scrapping of the Monju reactor presented at the meeting by the central government, nuclear fuel will be removed from the reactor core five and a half years after the start of the decommissioning work, with the dismantling of the facility being completed in 30 years.
Thirty years! Of course decommissioning will never be finished, and there won't ever be enough money. Nuclear power: the gift that keeps on giving. -- RF

## China ##
Why China's next property market drop will be more severe
Chinese credit card purchases above US$147 gets you on a watch list
Banks in China have been ordered to collect information on people's overseas transactions over 1,000 yuan from September 1 this year
Next Asset Bubble Cracks: It's so Big even the Fed is Fretting
Commercial Real Estate's boom-and-bust cycle heads south.
One also recalls Reagan (mentioned in the article) and Bush 43. -- RF




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