Posts
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Global Ponzi meltdown/House of Cards ##
Each
Nation State in the Far East is now completely compelled
to competitively devalue in tandem, in order to maintain export
market share, in a desperate attempt to avert their outbound
container super ship cargoes from running westwards on empty.
Direct
transactions between the Russian and Chinese currencies amounted to
$5.2 billion in October, up from $307 million in September,
the Chinese central bank's China Foreign Exchange Trading System
reported.
Australia's
biggest coal exporter Glencore will suspend its Australian coal
business for three weeks in a move never before seen in the
Australian market, to avoid pumping tonnes into a
heavily oversupplied market at depressed prices.
Demand
destruction growing around the world. -- RF
Good
luck! -- RF
The
events prove what had long been common knowledge – namely that
the federal government and local authorities have been
infiltrated and in some cases replaced by organized crime
cartels.
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Airline Death Spiral ##
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Fault lines/flashpoints/powder kegs/military/war drums ##
Well,
of course. War is hard-wired into the system, so what do people
expect? -- RF
Here
at the G20 summit, leaders representing 85% of world GDP are meeting
in Brisbane, Australia.
The
Russian Space Systems company, a leading Russian enterprise in
design, production and operation of space information
systems, has unveiled plans for deploying several GLONASS satellite
navigation system monitoring stations in China.
If
America and Iran settle the nuclear issue, they will have
overcome 35 years of poisonous confrontation that began
with the Iranian revolution in 1979.
Wrong.
It began in 1953. But there's your typical Western media propaganda.
-- RF
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Global unrest/mob rule/angry people/torches and pitchforks ##
Demonstrators
across Italy protested an assortment of problems besetting Italy,
with violence and vandalism reported.
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Energy/resources ##
The
nexus of zero rates, resource misallocation, and risk on has favoured
shale oil. But the drop in oil prices will call many
of these projects into question precipitating a high
yield energy funding crisis and a panic dash for the exits.
There will be carnage and the question will be whether this
carnage causes contagion into other markets.
Energy
consultant group Wood Mackenzie said it expects U.S. Gulf
of Mexico oil production to enter a period of decline after peak
output is reached in 2016.
As European
governments start to curb offshore renewable power subsidies,
utilities, wind turbine makers and installers are racing to cut
costs to help the industry survive. Britain, Germany and the
Netherlands, wary of committing billions of euros when budgets
are tight, have announced subsidy cuts in the past 18 months - a
blow to the European offshore wind industry which employs nearly
60,000 people.
Deepwater
drilling rigs are sitting idle. Fracking plans are being scaled
back. Enormous projects to squeeze oil out of the tar sands
of Canada are being shelved. Maybe low oil prices are not so bad
for the environment after all.
“Help
wanted.” That is an increasingly common refrain from oil and gas
companies facing worker shortages that threaten to grow more
severe amid growth in the industry from activity in shale
formations, and from an exodus from the industry as older
workers retire.
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Infrastructure scavenging ##
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Got food? ##
Jason
Brown, a former standout in the National Football League and at
UNC-Chapel Hill, quit football because he wanted to feed the
hungry.
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Environment/health ##
An unexplained,
polio-like illness has now affected 75 children across the country,
according to the Centers for Disease Control and Prevention.
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Intelligence/propaganda/security/internet/cyberwar ##
No
more preposterous than America's cockamamie story about the OBL
killing. -- RF
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Systemic breakdown/collapse/unsustainability ##
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Japan ##
Gyudon
beef bowl chains, which once saw rapid growth amid the
nation’s prolonged deflation, are now struggling to survive
amid a labor shortage and soaring beef prices.
There
is a desperate belief that having more people will revive the
crashing industrial system. -- RF
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China ##
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UK ##
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US ##
Our
dams are aging. Water pipes leak and burst. One in four
Americans lives within three miles of a hazardous waste
site. The aerospace system is overtaxed, inland waterways
haven’t been worked on in decades, and 45 percent of
households lack access to public transit. All told, the
country needs $3.6 trillion in investment to bring it all up to
par.
No
matter who takes power, nothing will change. There are also those who
argue that this is not a problem because spending on infrastructure
in the US has not decreased, and is actually higher as a percentage
of GDP than in some other countries. Nevertheless, the state of
America's infrastructure isn't getting any better, and that's
because, as observed previously, the cost of energy is now far higher
than when much existing infrastructure was built. Therefore, even if
a larger budget is allocated to infrastructure, less work can be
done. Keep watching as the cracks spread and the weeds grow. --
RF
For
American taxpayers, the Iraq War is a gift that keeps on taking,
with new plans to spend tens of billions of dollars to retrain the
Iraqi army whose initial training cost tens of billions before
the army collapsed against a few thousand militants.
And
finally...
Naughty!
-- RF
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