Posts
Commodities are taking a beating across the board. Iron ore is down to $75/t from $200!
##
Global Ponzi meltdown/House of Cards ##
You
bet! -- RF
Suspicions
that the price of precious metals are frequently manipulated by
a few international banks were further confirmed over the
weekend. UBS agreed to settle with various international
regulatory bodies investigating rigging in foreign exchange and
precious metals markets.
##
Airline Death Spiral ##
Airport
commission says proposals will cost up to £3.4bn more than
estimated, meaning higher fares for passengers are likely
##
Fault lines/flashpoints/powder kegs/military/war drums ##
A
major test for President Obama is whether he will – in the
face of the Republican midterm victories – submit to neocon
demands for more wars in the Middle East and a costly Cold War with
Russia or finally earn the Nobel Peace Prize that he got at
the start of his presidency.
##
Global unrest/mob rule/angry people/torches and pitchforks ##
Fury
at the disappearance of 43 student teachers continues to spread as
masked protesters clash with riot police
St.
Louis County police said they have spent about $100,000 stocking
up on riot gear and other items they may need if protests
turn violent after prosecutors announce whether a Ferguson
officer will face criminal charges in the shooting death of
Michael Brown.
##
Energy/resources ##
The
Norwegian Oil and Gas Association, the industry's lobbying group
in the country, said costs of working offshore have risen
"substantially" since 2004. That, in turn, has led to
a reduction in the number of developments on the
Norwegian Continental Shelf.
George
Baker, president of Houston-based consultancy Energia.com,
said over the weekend that Pemex lacks a track record for a
comparable operation. And independent, Mexico City-based analyst
David Shields said: "There simply isn't enough gas in
Mexico."
##
Environment/health ##
##
Intelligence/propaganda/security/internet/cyberwar ##
##
Systemic breakdown/collapse/unsustainability ##
Although
beyond the scope of this piece, I would add that war is inevitable
under a system which demands never-ending growth. More economic
expansion, more people, more territory, more consumption, more trash,
more construction, more demolition, more war... To see the leaders of
the major players on the world chessboard meeting in an effort to
cool tensions and avoid conflict is laughable because their policies
and actions make clashes unavoidable. Peace and harmonious
coexistence are simply not in the cards as long as everyone keeps
seeking growth. To believe anything else is self-delusion. The peace
movement should take special note of this. If we want to have a
peaceful world, we need to substantially reduce the human population
(gradually, of course!), teach people to live frugally, abandon
growth ideology, and build more just economies. -- RF
That
"world order" consists in domination by a few big players
and their giant corporations, sharp division between the haves and
have-nots, continued growth leading to inevitable wars, mass death
and destruction, and contamination of the planet. Have a nice day! --
RF
##
Japan ##
##
China ##
##
UK ##
##
US ##
No comments:
Post a Comment
Note: only a member of this blog may post a comment.