Sunday, February 03, 2019


News Links, February 4, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Factory activity shrinks across Asia as cooling China threatens global growth
Some very curious goings-on here. -- RF
Renesas to slash nearly 1,000 jobs in shift overseas
Chipmaker continues restructuring Japanese operations as market contracts

## Fault lines/flashpoints/powder kegs/military/war drums ##
Venezuela - Coup Attempt Part Of A Larger Project - Military Intervention Likely To Fail
This will become an increasingly frequent theme as national economies around the world continue to deteriorate. Pity the migrants who thought they were going to better their lot. -- RF

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands fired after garment industry protest in Bangladesh
How Police, Private Security, and Energy Companies Are Preparing for a New Pipeline Standoff
A new pipeline for junk energy shows how desperate the situation has become. -- RF
Unrest in France: No End in Sight

## Energy/resources ##
Canada's Supreme Court: Bankrupt Oil, Gas Firms Can't Abandon Orphan Wells
The Supreme Court of Canada ruled on Thursday that bankrupt oil and gas companies must first clean up their old inactive wells before selling active profitable wells to repay creditors, overturning two lower court decisions and setting a precedent for the entire Canadian energy industry.
The higher spending on deepwater, however, will lead to cost inflation, which may end the cost reduction streak for exploration and production companies, WoodMac warned.
With all the big onshore discoveries behind us, the industry is increasingly pushed offshore, and into deeper waters. -- RF
Saying "hydrogen energy" can be misleading. It's important to keep in mind that hydrogen isn't an energy source; it's just a means of storing energy, like a battery, and its use likewise entails an energy loss, not a gain. -- RF
America Is Producing the Wrong Kind of Oil
The shale boom has created a world awash with crude, putting a lid on prices and markedly reducing U.S. dependence on imported energy. But there's a growing problem: America is producing the wrong kind of oil.
Not that long and worth a read. -- RF
From Karachi to Caracas
I am finding Karachi an interesting place from which to view the world. Four US Presidents have visited Pakistan – Eisenhower, Nixon, Clinton and Bush Jr. Each of them visited a military dictator, in the friendliest of terms. No American President has ever visited a civilian government of Pakistan. The Americans have always been far too busy plotting the next coup.
Erdogan says cannot understand US 'silence' over Khashoggi murder

## Propaganda/censorship/fake news/alternative facts ##
The Alt-Media Has Way More Fun than the Mainstream Media
The corporate-state media lives in terror that the truth will somehow leak out of the corporate-Imperial fortress, imperiling their jobs and perks.
Trump called Iran "the number one terrorist nation in the world" and blamed Tehran for manufacturing violence in the Middle East.
As US Freezes, This Is Where Europeans Can't Afford To Heat Their Homes

## Systemic breakdown/collapse/unsustainability ##
Venezuela's collapse is a window into how the Oil Age will unravel
As I have said, "Coming soon to a country near you." -- RF

## Japan ##
FIT cuts and lower revenue may cause more bankruptcies in Japan
A Teikoku Databank report says as many as 95 solar companies went bankrupt last year – seven more than in 2017. The company warns the negative trend that began in 2016 may escalate as FIT reductions for large-scale solar come into effect.
Japan's Government Pension Investment Fund, the world's largest of the genre, just posted a record $136 billion loss. That's roughly equivalent to Hungary's annual gross domestic product.
Women living poverty face bleak future
One-third of Japan's single women are poor, according to the National Institute of Population and Social Security Research.
Total fiscal gap: $241 trillion! Strap yourself in. -- RF
Who Bought the Gigantic $1.5 Trillion of New US Government Debt Issued over the Past 12 Months?
China, Japan, other foreign entities dumped US Treasuries. But someone had to buy. Here's who.
Closer to the mark, but still a miss. The author doesn't understand that behind that economic stress is net energy decline. No matter how work is changed, or what policies the government adopts, the economic stress is not going away. -- RF

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