Tuesday, December 12, 2017


News Links, December 13, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Warning From The World's Biggest Shipping Line On Outlook for World Trade
Sweden: More Signs The World's Biggest Housing Bubble Is Cracking
Poland Risks Being the EU's Rogue State
Samsung Heavy Industries names Joonou Nam new CEO — days after it forecast a fourth straight year of losses
Half a salary, half a job, half a life (Greece)
Two in three Greeks fail to pay their bills on time, mainly because they don't have the money.
Three Bubbles/Strikes and You're Out
Those betting on a fourth bubble of even greater extremes will find their time at bat has come to an end.

## War on cash/cashless society ##
Fiat currencies (in their physical manifestation) do have one thing over cryptocurrencies: You can hold them in your hand. When the lights go out, so does bitcoin. -- RF

## Airline death spiral ##
Concerns Raised About Passenger Safety Over Foreign Airplane Repair Work
The labor union representing American Airlines mechanics and ground crews has hired a firm run by the former U.S. Secretary of Homeland Security to investigate if foreign repair work on planes is putting passengers at risk.
Aggressive Champagne-Loving Passenger Forces Emergency Plane Landing
Airline made passenger put out cigarette. She threatened to kill everyone on the plane.
Spirit boots breast-feeding woman from plane

## Fault lines/flashpoints/powder kegs/military/war drums ##
Study: Global weapons sales rise for first time since 2010
Moscow-based think tank director: Russia's unexpected military victory in Syria
The success and affordability of the Russian military intervention in Syria contrast sharply with the U.S. record in many parts of the globe.
Sales of arms and military services by the world's largest arms-producing and military services companies—the SIPRI Top 100—totalled $374.8 billion in 2016, according to new international arms industry data released today by the Stockholm International Peace Research Institute (SIPRI).
North Korea's Understandable Fears
By escalating threatening rhetoric — and staging provocative military maneuvers — President Trump may believe he can intimidate North Korea into capitulation but history would tell you something else.
Trump, N. Korea & the Phony 'Terror List'
Seeing what happened to the leaders of Iraq and Libya, North Korea's Kim Jong Un won't surrender his nuclear bombs – and getting put on the U.S. "terrorism list" won't change that.

## Migrants/refugees ##
Amnesty accuses EU of complicity in Libya migrant abuse
German Foreign Ministry rejects additional winter aid for refugees on Greek islands

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands of Indonesians rally at US Embassy over Jerusalem

## Energy/resources ##
While those new methods unlocked a torrent of new supply and turned the U.S. into the world's largest producer, the increased difficulty of sucking fluid from so far underground is overwhelming pump systems that have changed little in decades. The mismatch is causing more well failures, rising costs at a time of low prices, and a scramble by companies like Exxon Mobil Corp. for alternative ways of maintaining flows.
Sunshine State lags on solar power, doubles down on natural gas
As a reflection of declining marginal return on investment in technology, Big Science now requires investments so huge that the participation of many countries is required for even a single project. Colossal budgets are also needed to build, staff, and operate mammoth research facilities, giant miles-long atom smashers, and what have you. And how about new fancy-pants weaponry for the world's military forces? Of course it costs more to develop and maintain than the old stuff. -- RF
'Death spiral': half of Europe's coal plants are losing money
More than half of the European Union's 619 coal-fired power stations are losing money, according to a new report. As a result, the industry's slow plans for shutdowns will lead to €22bn in losses by 2030 if the EU fulfils its pledge to tackle climate change, the report warns.
Virtual Energy (SolarCoin)
Alert readers will recall this article from July. Too many humans. -- RF
Right Whales On The Brink Of Extinction After Number Plunges To 450

## Intelligence/security/internet/cyberwar ##
Former Facebook exec says social media is ripping apart society
'No civil discourse, no cooperation; misinformation, mistruth.'
Ex-Spy Chief Admits Role In 'Deep State' Intelligence War On Trump
An ex-spy chief who spoke out publicly against Trump while inspiring other career intelligence figures to follow suit has admitted his leading role in the intelligence community waging political war against the president, describing his actions as something he didn't "fully think through".
Japan, US and Europe push back on China's data controls
Tightening grip on industrial information seen as danger to supply chains
Yes, the FBI is America's secret police

## Propaganda/censorship/fake news/alternative facts ##
Russia-gate's Litany of Corrections
As much as the U.S. mainstream media insists that the Russia-gate scandal is growing, what is undeniably growing is the list of major corrections that news outlets have been forced to issue.

## Systemic breakdown/collapse/unsustainability ##
U.N. official: Alabama's poverty, sewage crisis 'very uncommon in First World'
A United Nations official investigating poverty in the United States visited Alabama last week and said the poverty and sewage system there is some of the worst he has seen in the developed world.

Chinese local governments accused of faking economic data
Chinese local governments have been accused of faking economic data following the latest round of nationwide audits that found evidence revenues had been inflated and the extent of their debts had been downplayed.
Deindustrialisation and misguided economic policies have reduced the former workshop of the world to a level where Britain can neither pay its way, nor afford the defence and public services an advanced society needs.
As net energy continues to decline, a wave of deindustrialization will engulf the planet. -- RF
Housing, education and health care costs are out of control, wages are stagnant, and the Fed has suppressed interest rates
How Fed Rate Hikes Impact US Debt Slaves
Outstanding "revolving credit" owed by consumers – such as bank-issued and private-label credit cards – jumped 6.1% year-over-year to $977 billion in the third quarter, according to the Fed's Board of Governors. When the holiday shopping season is over, it will exceed $1 trillion. At the same time, the Fed has set out to make this type of debt a lot more expensive.
Those who thought the tax plan would lead to announcements of more hiring and investment have already been proven wrong.
National Democrats Resist Reforms
Still refusing to face why Donald Trump and the Republicans won in 2016, the national Democratic Party rebuffs proposals from progressives to make the party more democratic and less corporate-dominated.
Waste of money. It's far cheaper and more sensible to send robots. -- RF
Similar rule-busting construction has happened in scores of communities across the United States, where local, state and federal officials have failed to enforce regulations intended to restrict building in areas at high risk of flooding.

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