Thursday, May 11, 2017


News Links, May 12, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Japan's gov't debt reaches record high by end of fiscal 2016
In Bleak Prognosis, Italy's Financial Regulator Threatens EU with Return to a "National Currency"
Stockman: This Bond Market is One Giant Bubble
Stockman warned on the bond market environment that, "We have, what is roughly a $100 trillion global bond market (corporate and government) that is the biggest bubble ever seen. The advice is, get out of the bond market and stock market. Buy gold.
"The Great Narrowing" of the S&P 500

It said it would cut 4,000 jobs from its Global Services unit, group functions and technology operations, taking a restructuring charge of 300 million pounds.

## War on cash/cashless society ##

## Airline death spiral ##

Trump and Lavrov meeting round-up

## Global unrest/mob rule/angry people/torches and pitchforks ##
Rising use of military tribunals alarms Venezuela activists

## Energy/resources ##
All Washed Up? Shale Oil and Gas Drowns Out US Gulf of Mexico Shallows
Short-term contracts, dismantled infrastructure and lagging dayrates have long challenged shallow water drilling on the U.S. side of the Gulf of Mexico – but it's the natural gas-belching shale plays that may finally turn the tide away from the shelf.

## Intelligence/security/internet/cyberwar ##
The Scandal Hidden Behind Russia-gate
Official Washington has the Russia-gate scandal almost 180-degrees wrong; it is not about protecting democracy, but about pushing Americans into more wars, the true scandal that is being missed.
Watergate Redux or 'Deep State' Coup? (Robert Parry)
Official Washington is abuzz, comparing President Trump's ouster of FBI Director Comey to President Nixon's Watergate cover-up, but there is a darker "deep state" interpretation of these events.
As I noted on May 5, using biometrics as passwords is asking for trouble. -- RF
And one of the primary causes (not acknowledged here) is net energy decline. Take away the energy that builds and maintains cities, and they start falling apart. -- RF

## Japan ##
Extra bluefin tune catch quota given to 14 prefectures in Japan
Japan's Fisheries Agency has given 14 prefectures an additional quota of 122.2 tons for small Pacific bluefin tuna catches in total, though the country's overall catches this season exceeded the limit set under an international accord.

China's missile tests in Bohai 'aimed at THAAD'
Analysts say 'rare high-profile announcement of test' was a response to last month's deployment of US-built anti-missile system in South Korea

And it has a lot to do with energy. Remember, US conventional oil peaked in 1970. -- RF
Student Loans Just Got More Expensive
Undergraduates taking out a new U.S. government loan will face nearly a 20 percent increase in interest charges.
PPI Uneven Jump Hints at More Consumer Weakness, Trouble at Retailers
Hartford Solicits Bankruptcy Proposals from Law Firms
Hartford, Connecticut, is on the verge of bankruptcy. It has a budget hole of $14 million this year, and a projected $65 million hole next year.

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