Wednesday 12 November 2014

Headlines

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 ##

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