Sunday, May 14, 2017

 

News Links, May 15, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
$500 Trillion in Derivatives "Remain an Important Asset Class": Hilariously, the New York Fed
At the end of the week, something special happened, something totally absurd but part of the new normal: the average yield of euro-denominated junk bonds – the riskiest, non-investment-grade corporate bonds – dropped to the lowest level ever: 2.77%.

## Fault lines/flashpoints/powder kegs/military/war drums ##
China says all welcome at Silk Road forum after U.S. complains over North Korea
Making Trump an Endless War President
A politically embattled President Trump is under pressure to reverse his campaign promise to finally bring U.S. troops home and instead commit to open-ended wars in Afghanistan, Iraq and Syria.
North Korea: Test To Deliver "Large Scale Heavy Nuclear Warhead" Was Successful


## Global unrest/mob rule/angry people/torches and pitchforks ##
Venezuelans clog roads in new anti-government protest
KSA also has an oil storage facility in Japan. -- RF
Germans May Face Higher Power Costs on Exit From Nuclear Energy
Germans already footing the second-highest electricity bills in Europe may face even higher costs from the country's decision to exit nuclear power early next decade.
Germany's SolarWorld (SWVKk.DE), once Europe's biggest solar power equipment group, said on Wednesday it would file for insolvency, overwhelmed by Chinese rivals who had long been a thorn in the side of founder and CEO Frank Asbeck, once known as "the Sun King".
The Russian Hacking Fiasco
There's no proof that Russia hacked the US elections. There's no proof that Russian officials or Russian agents colluded with members of the Trump campaign. There's no proof that Russia provided material support of any kind for the Trump campaign or that Russian agents hacked Hillary Clinton's emails or that Russian officials provided Wikileaks with emails that were intended to sabotage Hillary's chances to win the election.
Got that? -- RF
'Sky Q's erratic broadband disabled my smart home'
Broadband customers who experience outages face even more disruption now many houses have become "smart homes" with devices and appliances linked up to the internet in order to work.

## Propaganda/censorship/fake news/alternative facts ##
Dem Senator Uses Info From Conspiracy Blogs To Draw Trump-Russia Connections
The Glorious Return of Condi Rice
The failure to impose meaningful accountability on the Iraq War's architects allows them to return as "wise" advisers to be consulted by media outlets and today's politicians, as with Condoleezza Rice.
They're expected to work 15 hours a week, which means they could be making as much as $600 a month to police their fellow students.
The 'Soft Coup' of Russia-gate
Special Report: The Russia-gate hysteria has grown stronger after President Trump's firing of FBI Director Comey, but the bigger question is whether an American "soft coup" is in the works.
WikiLeaks Busts NPR Spreading Fake News, Destroys Them on Twitter

## Systemic breakdown/collapse/unsustainability ##
The trouble with infrastructure
Clearly — and as I've repeatedly observed — industrial society is unsustainable, as are empires. The now-common phrase "crumbling infrastructure" is indicative of physical collapse (as opposed to institutional collapse). Strap yourself in and prepare for a rough ride as we plunge into the abyss. It's all downhill from here. People in developed countries who are laughing at Venezuela should sober up and make preparations to weather their own systemic breakdowns. -- RF
Why the road to Trump's $1 trillion infrastructure investment is marked with potholes
In Fukushima, a land where few return
The evacuation orders for most of the village of Iitate have been lifted. But where are the people?

## US ##
But don't attribute too much of the blame to Trump himself. Trump and his administration are not the causes, but rather the symptoms of US corruption, deterioration, decline, and ongoing institutional collapse. As I observed during the election campaign, Trump isn't what America needs, but he's certainly what America deserves. -- RF

And finally...




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