Thursday, October 12, 2017

 

News Links, October 13, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
China will 'compel' Saudi Arabia to trade oil in yuan — and that's going to affect the US dollar
"I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them," Carl Weinberg, chief economist and managing director at High Frequency Economics, told CNBC.
IMF lists nine banks likely to struggle with profitability
Unusual move identifies institutions by name, includes Japanese megabanks

## Cut, baby, cut! ##
GM to Lay Off 1,500 More Workers, as its Car Sales Plunge Twice as Fast as Rest of Industry
Disney Cuts 200 Jobs From Its TV Networks Division

## War on cash/cashless society ##
In a Cashless World, You'd Better Pray the Power Never Goes Out

## Airline death spiral ##
Southwest Airlines traffic down, expected to get worse
Brexit: Philip Hammond becomes first Cabinet minister to admit 'no deal' could ground all flights

## Fault lines/flashpoints/powder kegs/military/war drums ##
Trump's Iran plans driving EU toward Russia and China: Germany
U.S. President Donald Trump's expected move to "de-certify" the international nuclear deal with Iran is driving a wedge between Europe and the United States and bringing Europeans closer to Russia and China, Germany said on Thursday.
Russia could deploy more missiles in Baltic region: lawmaker
A senior Russian lawmaker says Moscow could deploy more state-of-the-art missiles in its westernmost region in response to the U.S. military buildup in Poland.
Erdogan Tells US "We Don't Need You"
Israel Approves Thousands More Settlement Homes in the West Bank
Israeli NGO Peace Now has announced that the government has approved plans for another 3,736 settlement units across the occupied West Bank. Details are still emerging on where they are located, but they include expansions in settlements deep in Palestinian territory.
Catalonia Crisis Far From Over Despite Market Surge
How Trump's Iran Decision Invites War
By decertifying the Iran-nuke deal, President Trump would put another Mideast war of choice on the table, but war on Iran is really the choice of Israel and Saudi Arabia wanting the U.S. to do the killing and dying.
U.S., Israel quit U.N. heritage agency citing bias
The United States and Israel announced on Thursday they were quitting the U.N.'s cultural agency UNESCO, after Washington accused it of anti-Israeli bias.

DHS Releases Images Of Border Wall Prototypes

## Energy/resources ##
A new front opens in Asia's water wars
China drags India and other neighbors into high-stakes geopolitical poker game over freshwater access
Too many humans. -- RF
There's a stronger chance that the world population will be smaller than now by 2100. -- RF
Equifax website hacked, portions taken offline
Germany Says It Found "No Evidence" Kaspersky Helped Russia Spy On US
In an ironic twist, Kaspersky exposed Israel for lying about the source of its information on Iran deal talks after WSJ reported two years ago that Israel had spied on negotiations. Israel had said it received its intelligence by other means, but it had in reality infiltrated Kaspersky's software, a fact the company publicly acknowledged in a research paper published two years ago.
'Russiagate' And The Decline Of Journalism – Ron Paul interviews Robert Parry
A Silenced Israeli Critic
Although the U.S. news media's fancies itself the world's "gold standard," it operates with stunning hypocrisy and huge blind spots, none bigger than its fawning coverage of Israel that ignores critics like Miko Peled.

## Systemic breakdown/collapse/unsustainability ##
Must read: About Those "Hedonic Adjustments" to Inflation: Ignoring the Systemic Decline in Quality, Utility, Durability and Service
Are You Better Off Than You Were 17 Years Ago?
We tend to measure what's easily measured (and supports the status quo) and ignore what isn't easily measured (and calls the status quo into question).

## Japan ##
Kobe Steel scandal expands beyond aluminum, copper
Iron plant may be fifth facility involved in data fabrication
Kobe Steel quality scandal spreads to bullet trains
The Kobe Steel data cheating scandal widened Wednesday as the operator of Japan's busiest bullet train line said train components made from the steelmaker's materials fell short of industry standards.
Kobe Steel cheating scandal goes global
Daimler, Airbus, GE among the 30-plus victims beyond Japanese shores
How China's biggest debtors may struggle to pay off their loans
Most of Beijing's foreign aid donations take the form of loans, but there are serious questions about how some of the beneficiaries will repay the money



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