Thursday, July 06, 2017

 

News Links, July 7, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Italy to nationalize bank, shed $32.5B in bad loans
'Totally unacceptable': Employees and retirees emerge as victims amid Sears restructuring plan (Canada)
German banks pose a threat that politicians want to hide, economist says
Mortgage rate hike looms as Canadians continue to deal with near-record debt
Danish shipping giant Maersk's revenues could take a multi-million-pound hit following last week's cyber attack

## Fault lines/flashpoints/powder kegs/military/war drums ##
Kim vows North Korea's nukes are not on negotiation table

## Global unrest/mob rule/angry people/torches and pitchforks ##
Burned police cars, wide no-protest zone presage G-20 summit

## Energy/resources ##
Shale Gas Is Not A Revolution
Has U.S. Shale Wrecked Its Own Recovery?
As I observed on May 5, "[D]iesel fuel is the workhorse fuel of industrial society, running trucks, heavy machinery, and generators." Additionally, other heavy fuels such as kerosene and fuel oil provide the energy for power plants, ships, and aircraft. Industrial society is heavily dependent on these heavier fuels with their preponderance of long-chain alkanes. And of course because of their higher energy content, they are even more difficult to replace than gasoline. -- RF

## Propaganda/censorship/fake news/alternative facts ##
Russia-gate: The Stink Without a Secret
This incident is, of course, something that the people of Iran well remember. Americans who rely on the US mainstream media, on the other hand, would have to be forgiven for never having heard about it.

## Systemic breakdown/collapse/unsustainability ##
We're Fragmenting Because our Experience of the Economy Is Fragmenting
Our Political Parties Are Obsolete
When the parties do finally implode, the general mood will be: good riddance.

Most of the foreign residents will flee when TSHTF. -- RF
Too many humans. -- RF
Don't forget to bail before the power grid and internet go down. -- RF
When you additionally consider how the cars are made, starting with acquisition of raw materials, as well as road construction and maintenance, not to mention the environmental costs of "clean" energy, all electric cars are pretty destructive. -- RF
Rural Chinese in no hurry to settle in cities after all
Science? We don't need no stinkin' science... -- RF
Chicago Schools to Students: Submit to Our Choices for Your Futures or No Diploma
Seniors must choose from a list of acceptable post-school plans, or they won't graduate.
Class has always been known as America's dirty little secret. -- RF




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