Posts
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Global Ponzi meltdown/House of Cards ##
No
carpetbagging mission is ever complete without at least one visit
from the IMF.
The
hub would also allow Canadian energy companies to number among the
very few producers in the world to sell oil in a currency other
than the U.S. dollar. In August, Russia’s Gazprom Neft began
accepting Rubles or Chinese currency for oil sales off its
eastern coast. Russian president Vladmir Putin has recently
described the international oil trade as the “dollar dictatorship.”
The
world's retirement bill is coming due—and many countries aren't
ready to pay it. That's the conclusion of a report Monday from
the Organization for Economic Cooperation and Development, a
Paris-based group representing the world's developed countries.
I've
said again and again that pensions are melting away. Do you believe
me now? -- RF
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Fault lines/flashpoints/powder kegs/military/war drums ##
The
global military radar market will reach a value of $18.5 billion due
to increased growth, according to new analysis.
A
statistical increase in the number of attacks on shipping has
fed concerns that piracy is on the rise in and around
South-east Asia.
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Global unrest/mob rule/angry people/torches and pitchforks ##
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Energy/resources ##
The
ongoing collapse of oil prices may be a symptom that we are
running out of the capital resources necessary to keep developing
new fields.
New
oil projects are being scrapped in Norway amid falling production and
low oil prices.
The
European Commission's new energy chief says that Russia could
revive the South Stream natural-gas pipeline project if it
follows EU rules.
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Got food? ##
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Environment/health ##
With
nine of its doctors now dead from the disease, the country's ability
to fight the outbreak is undercut.
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Intelligence/propaganda/security/internet/cyberwar ##
You
don't have to wait for the end. Her evasive answers are laughably
absurd. -- RF
As
the world hurtles toward a new Cold War and possibly a nuclear
confrontation over Ukraine, the West’s “free press”
is again serving the role of an obedient propaganda service
— demonizing Russia, presenting a one-sided narrative and
feeding a dangerous belligerence.
But
why do we care what the great leaders of the West (or the East
for that matter) actually say, when we all know it’s the kind
of material that comes out of the rear end of a bull?
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Systemic breakdown/collapse/unsustainability ##
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Japan ##
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China ##
As
China’s economy has slowed and property markets
dropped, there has been plenty of concern about the massive
debts incurred by state-run and private companies. Now there are
signs that companies large and small are looking abroad
to borrow enough money to stay afloat.
About
half of the mainland’s shipyards have gone out of business in
the past two years, and only 10 per cent of the bigger ones
remaining have received new orders as overcapacity is shaken out
of the market, thanks to selective, state-backed financing.
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UK ##
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US ##
Social
Security has become the de facto retirement plan for
millions of Americans.
The price
of oil has plunged nearly 40% since June to $65.63, and junk bonds
in the US energy sector are getting hammered, after a
phenomenal boom that peaked this year. Energy companies sold $50
billion in junk bonds through October, 14% of all junk
bonds issued! But junk-rated energy companies trying to raise
new money to service old debt or to fund costly fracking or
off-shore drilling operations are suddenly hitting
resistance.
While
shoplifting is standard at businesses of all sizes, data finds that
a surprising number of these crimes are committed by employees.
And
finally...
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