Friday, June 16, 2017


News Links, June 17, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Negative-yielding government debt 'supernova' jumps to $9.5 trillion
It's a 'scary' time with a global crisis on the way, LVMH CEO says
Can We See a Bubble If We're Inside the Bubble?
US housing starts drop for 3rd straight month
Canada Home Sales Drop Most in Almost 5 Years on Toronto Decline
Greek ambulance service feels pinch of austerity
Some of Athens' ambulances have up to 1 million kilometers (620,000 miles) — nearly three times the distance to the moon — on the clock, and about half are idle because of a lack of spare parts. At night, fewer than 40 vehicles cover a population of more than 4 million.
The $31 Billion Hole in GE's Balance Sheet That Keeps Growing

## War on cash/cashless society ##
Bitcoin and Ethereum Just Crashed, Taking Coinbase Down With Them

## Airline death spiral ##
Blackout at Brussels Airport delays flights
A compendium of nasty things the Russians didn't do, but that their accusers did. -- RF

## Global unrest/mob rule/angry people/torches and pitchforks ##
Johannesburg taxi strike turns violent, snarls traffic
Are Hedge Funds Growing Weary Of The Permian?
Eight hedge funds have pulled out more than US$400 million in positions in ten big shale oil and gas companies active in the Permian, Reuters reported, as the financial industry starts to get nervous about the growth prospects of the shale drillers amid declining oil prices.
Solar Slump Darkens Results for ReneSola, Yingli
Two of China's weakest major solar panel makers, Yingli and ReneSola, said revenue plunged by nearly half in their latest reporting quarters, as a growing sector downturn pushed both into the loss column.

## Got food? ##
The surprising number of American adults who think chocolate milk comes from brown cows
For decades, observers in agriculture, nutrition and education have griped that many Americans are basically agriculturally illiterate. They don't know where food is grown, how it gets to stores — or even, in the case of chocolate milk, what's in it.
And that ignorance is going to considerably multiply the number of people who starve. All those people who learned how to "code" are going to wish they'd learned how to grow cabbage. -- RF

## Propaganda/censorship/fake news/alternative facts ##
Dangerous Copyright Ruling In Europe Opens The Door To Widespread Censorship
The Fallacies of the 'Russia-Truthers'
The anti-Russia hysteria – now rivaling past Red Scares with Russians hiding under every bed – has led to factual errors in press accounts and has erased standards of political fairness.

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