Tuesday, January 30, 2018

 

News Links, January 31, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The ECB and the euro are the only glue holding parts of Europe together
The world on a billionaire's budget
The world's wealthiest are prospering. As of February 2017, there were about 2,000 billionaires in the world. This micro-elite controls over US$7.6 trillion, an increase of 18 percent from 2016.
A budget-buster for Joe Sixpack is mere pocket change for Joe Billionaire. -- RF
Minimum wage politicking stings employers in Southeast Asia
Rush to woo voters raises the risk of layoffs and factory relocations

## Airline death spiral ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
Chinese flight routes set off military alarms in Taiwan

## Global unrest/mob rule/angry people/torches and pitchforks ##
Air pollution protesters bring traffic to standstill demanding clean air (London)
Because it's junk energy. -- RF
The industry doesn't make any money in the US, so it's logical to ask if it will be profitable in Canada. But the digging of oil sand shows that Canada is already getting desperate. -- RF

## Solutions ##
How Much Energy Do We Need?

## Environment/health ##
India estimates it has 21 million 'unwanted' girls
An estimate released as part of India's annual economic survey found that a "meta" son preference encouraged Indian parents to continue having children until giving birth to a boy.
Of equal interest would be a list of American oligarchs. -- RF
Second "Trump Dossier" Emerges One Day After FISA Memo Vote

## Propaganda/censorship/fake news/alternative facts ##
Cameroon is being sued for blocking the internet in its Anglophone regions
Gross economic mismanagement aside, the American Dream won't be happening anywhere because of net energy decline. -- RF
Hacked exchange Coincheck grapples with 'anonymous' cryptocurrencies

## China ##
China blizzards snarl railroads, coal deliveries amid power worries
China's worst blizzards this winter have snarled the country's railroads and highways, cutting off critical supplies of thermal coal, and fuelling a rally in prices to record highs and raising concerns about potential heating and electricity shortages.
One way to support consumption is to sell your stocks. Many did just that.

And finally...


Sunday, January 28, 2018

 

News Links, January 29, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
"Blockchain" Stocks Collapse by 40% to 90%
Fallout from Carillion Collapse Hits KPMG
Next Arthur Andersen? No, the "Final Four" audit firms are "too big to replace."

"In five years, if you go to a Starbucks or McDonald's and try to buy a burger or coffee with fiat currency, the person at the counter is going to laugh at you."


## Fault lines/flashpoints/powder kegs/military/war drums ##
Kissinger warns senators of 'systemic failure of world order'

## Global unrest/mob rule/angry people/torches and pitchforks ##
Release of Bollywood film sparks violent protests in India

## Energy/resources ##

## Environment/health ##
Pollution particles fuel large storms, research shows
"Tiny aerosols have a big impact on weather and climate and can intensify storms a great deal," researcher Jiwen Fan said.

## Intelligence/security/internet/cyberwar ##
Researchers warn about unprotected webcams
A Japanese research team says that in an experiment it conducted, poorly protected webcams were hacked only one hour after the devices were set up.
Tech Companies See No Evidence of Russian Influence in US Elections

## Propaganda/censorship/fake news/alternative facts ##
CNN Turkey Fake News Goes Viral: 'American Sniper' Star Killed In Syria, Pentagon Forced To Deny

## Systemic breakdown/collapse/unsustainability ##
Trump's infrastructure plan comes with a huge hole
The trust fund that pays for most federal highway and transit aid is forecast to go broke in about three years unless the government significantly scales back its transportation spending or comes up with more money.
Downtime of a top cloud service provider could cost U.S. economy $15 billion
Businesses in the United States could lose $15 billion if a leading cloud service provider would experience a downtime of at least three days.
The Pie Is Shrinking for the 99%
The ensuing social disunity and disruption will be of the sort many alive today have never seen.

## Japan ##
Japan's Coincheck suffers largest-ever virtual currency theft
Cryptocurrency exchange Coincheck has confirmed that some 58 billion yen ($534 million) in customers' virtual currency holdings were taken from its wallets Friday, in what appears to be the biggest virtual currency heist to date.
Hacked Japanese cryptocurrency exchange to repay owners $425 million
China's Belt and Road ambitions spread to the Arctic
Official document calls for a 'Polar Silk Road'

## UK ##
Fannie Mae, the Goldman Goose that Keeps Laying Eggs
Why is Fannie Mae offering Goldman Sachs et al. such fat margins on defaulted mortgages?
Almost a third of cars traded in last year were worth less than the loans that had been financing them, according to car-shopping website Edmunds.

Thursday, January 25, 2018

 

News Links, January 26, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
State Efforts to Facilitate Ownership of Gold and Silver Ramp Back Up in 2018 (US)
Many state legislatures kick off their 2018 sessions this month and that means continuing efforts to facilitate gold and silver ownership at the state level.
Ford says commodities prices hurt, needs to be 'far fitter'
Ford Motor Co on Wednesday posted a lower-than-expected quarterly net profit, hurt by rising commodity costs and unfavorable currency exchange rates, and said it expected more pain to come from higher raw material prices in 2018.

## War on cash/cashless society ##
First Major Company to Support Bitcoin Payments Throws in the Towel
Bitcoin is too slow and costs too much to use in transactions. Why bother?
Buffett, of all people. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
A National Defense Strategy of Sowing Global Chaos
In the new U.S. National Defense Strategy, military planners bemoan the erosion of the U.S.'s "competitive edge," but the reality is that they are strategizing to maintain the American Empire in a chaotic world.
Turkey to U.S.: End support for Syrian Kurd YPG or risk confrontation
Turkey urged the United States on Thursday to halt its support for Kurdish YPG fighters or risk confronting Turkish forces on the ground in Syria, some of Ankara's strongest comments yet about a potential clash with its NATO ally.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protesters break through security in Davos to march against Trump and the WEF

## Energy/resources ##
We must fix the broken water cycle before it dooms civilization—again
The massive water systems that undergird our civilization involve a Faustian bargain: They allow us to control water to suit our needs, but in doing so they break the water cycle—the natural storage, cleansing and flow of water in healthy forests, rivers, soils, wetlands, and aquifers.
Unfortunately, the article studiously avoids the matter of human overpopulation. -- RF
As the article point out, the shale-drilling industry has never been profitable, even when oil was at $100/bbl. So don't hold your breath. And as I've observed, shale drilling is a sign of energy desperation. If there were any profitable oil left in the US, the industry would have better things to do than drill for shale oil, so the fact that they are going all-out on this junk oil shows how critical the situation has become. -- RF
In addition to the problems cited, the energy yield of biofuels is, in the first place, too low to support industrial societies. The real purpose of biofuels is just to push money around. -- RF
What's green about EVs powered by nuclear reactors? -- RF

'Never get high on your own supply' – why social media bosses don't use social media
Developers of platforms such as Facebook have admitted that they were designed to be addictive. Should we be following the executives' example and going cold turkey – and is it even possible for mere mortals?
Thousands Of FBI Phones Hit By Same "Glitch" Blamed For Lost Strzok-Page Texts
In other words, according to the FBI, it was Samsung's fault that thousands of text message between employees of the world's premier law enforcement organization during an especially sensitive period, went missing.
Mastercard Pushes Biometrics, Banks Follow
Biometric authentication "will be of great benefit to everyone."
And remember: You can change your password any time, and any number of times. But you cannot change your fingerprints or your iris. -- RF
George Soros: It's 'only a matter of time' before dominance of Facebook and Google is 'broken'
Billionaire investor George Soros called Facebook and Google a "menace" and "monopolistic" at a dinner in Davos.
"Son Of A Bitch Got Fired!": Joe Biden Brags He Forced Ukraine To Fire Key Official In Exchange For Money
Former Vice President Joe Biden just casually dropped a bombshell admission that he personally and directly intervened in Ukraine's governance, boasting on stage during an event hosted by the US Council on Foreign Relations (CFR) that he got a high Kiev government official removed essentially at the snap of his fingers.

## Propaganda/censorship/fake news/alternative facts ##
Pope Francis denounces 'fake news,' calls on journalists to 'communicate the truth'

This is exactly the kind of idiocy one expects from brain-dead growth advocates. "Science cannot pinpoint the reason why human reproduction is no longer possible, and it's at a loss how to fix it. Without hope for the future, society descends into moral darkness," writes the author in an ominous tone meant to scare us into mindless procreation. The claim that "human reproduction is no longer possible" is clearly false, as people all over the planet are still making lots of babies, and there are still so many humans that other species are being evicted from the planet in droves. As I've repeatedly observed, people are reproducing less because the energy needed for childraising in industrial societies is now too expensive. Therefore, birthrates will continue declining for the time being. -- RF
Can We Finally Have an Honest Discussion about the Opioid Crisis?
The economy no longer generates secure, purposeful jobs for the working class, and so millions of people live in a state of insecure despair.
Snowy cold snap strains Tokyo's power grid and highways
Tepco calls in 'negawatt' contracts for conserving energy
Plug-in vehicles not yet straining U.S. grid
A federal study said alternative vehicle use would have to increase substantially to see an impact, but there may already signs of local strains during peak demand.

And finally...


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