Everything Is Broken. Let's fix it.
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Everything Is Broken. Let's fix it.
The Consolidation of the Elites over Earth's Remaining Resources. Watching the Tragedy of the Commons in Action.
Curated by Khannea Suntzu
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HP Will Cut Up to 16K More Jobs

HP Will Cut Up to 16K More Jobs | Everything Is Broken. Let's fix it. | Scoop.it
The new cuts bring the total job losses to 50,000 under CEO Meg Whitman's restructuring plan
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These 7 States Are Running Out of Water

These 7 States Are Running Out of Water | Everything Is Broken. Let's fix it. | Scoop.it
This post is in partnership with 24/7Wall Street. The article below was originally published on 247wallst.com. The United States is currently engulfed in one of the worst droughts in recent memory. More than 30% of the country experienced at least moderate drought as of last week’s data.
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Why Owning Your Own Power Plant Might Not Be Crazy

Why Owning Your Own Power Plant Might Not Be Crazy | Everything Is Broken. Let's fix it. | Scoop.it
It’s not that far-fetched to imagine a day when large segments of customers choose to go mostly or even entirely off-grid with clean, quiet, distributed solar-plus-battery systems.
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The 20-year-old who 'became a statistic' and killed himself

The 20-year-old who 'became a statistic' and killed himself | Everything Is Broken. Let's fix it. | Scoop.it
Martin Hadfield's parents put the 20-year-old's suicide down to his struggle to find a job. He is not alone, and The Samaritans say there is a lack of "safety net" after this recession.
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Current Problems Associated with the End of the Third Industrial Revolution Washington's Blog

Current Problems Associated with the End of the Third Industrial Revolution Washington's Blog | Everything Is Broken. Let's fix it. | Scoop.it
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Interesting stuff is happening

Let me start by saying that the US Federal Reserve Bank has of late been doing "quantitative easing" or "QE" in various rounds - QE1, QE2, etc. They are buying back their own bonds to keep bond values high despite continuing low interest rates.
 

Part one:

http://www.foreignpolicyjournal.com/2014/05/14/the-fed-is-the-great-deceiver/


The above seems to be saying that while the official QE programs are being discontinued, the Fed is in fact doing even more by laundering their purchases through Belgium. Worse, they appear to be doing it in response to some other country or entity dumping Treasury bonds in a fashion and extent ($104bil in one go) that could crash the US economy if everything went exactly wrong.


I think the likely candidate for the "dumper" is Putin/Russia, although I guess it's possible a really big player like George Soros could do it if he thought the US economy was going to go "splat" soon?


Part two - shows that the amount being laundered through Belgium is even higher than the above report shows, and names Russia as at least part of the known dumping:

http://www.zerohedge.com/news/2014-05-15/russia-dumps-20-its-treasury-holdings-mystery-belgium-buyer-adds-another-whopping-40?page=1


One of the comments in the Zerohedge report shows other Eurozone nations also holding suspiciously high levels of US Treasury bonds - Ireland for example at over $100bil, lots of others. Looks like the reason the US dollar hasn't collapsed already is the quiet buying by parties unknown (coughFEDERAL-RESERVE-BANKcough) scattered all over Europe, not just Belgium although they seem to be the big hot-spot right now.


In unrelated news, the Fed resists being audited the way a ferret resists being shoved through a tea strainer...


The only other governmental entity that might try to crash the US economy is China and I don't see them doing that - we're too interconnected with them and if we stop buying stuff at WalMart and the like they are hosed. Plus they have a bunch of industrial bonds that need to be rolled over right now (May/June/July) and many are mining company bonds that are in real trouble. The worst are the coal mines because everybody knows China has to get off coal before they all choke to death.


Mind you, China's national government CAN step in and save those bonds, but if they do they risk sending a "buy gov't backed bonds at 8% plus!" frenzy message. So this would be a really bad time for them to piss all over the US economy with all that drama hanging over their heads.
 

Thoughts? Specifically:

Is there a quiet bonds war going between Putin and the Fed?

Is the Fed's apparent policy of secret QE as dangerous as it looks?

Is it a sign of desperation, or that the US economy's stability might be questionable?
 

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Push A Button and End Government? (With Ben Stone) - YouTube

From School Sucks Podcast #281: Ben Stone (2 of 2) - Diminishing the Market Demand For Government Full Show: http://schoolsucksproject.com/podcast-281-ben-st...
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Why Americans are fleeing the suburbs

Why Americans are fleeing the suburbs | Everything Is Broken. Let's fix it. | Scoop.it
The American dream: a white picket fence and a patch of grass to call your own. What was once the overarching narrative of the American people is now packing up and booking it to the city.
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Around the World, Social Unrest Starts with Soaring Food Prices

Around the World, Social Unrest Starts with Soaring Food Prices | Everything Is Broken. Let's fix it. | Scoop.it
The climate change-fueled battles over food and resources have already begun.
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Rich Countries Are Buying Up Poor Countries’ Land

Rich Countries Are Buying Up Poor Countries’ Land | Everything Is Broken. Let's fix it. | Scoop.it
Chhek Sambo works a little farm on the fertile plains stemming from a sacred Cambodian mountain known as Phnom Kulen. For 17 years this tropical plot has given Sambo and her family rice, cassava, mangoes, bananas, lychees, “everything we can eat.” She and her neighbors raise chickens and ducks (free-range)...
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East Cleveland could lose trash service over outstanding debt

East Cleveland could lose trash service over outstanding debt | Everything Is Broken. Let's fix it. | Scoop.it
East Cleveland Mayor Gary Norton Jr. said Monday evening the city has paid its April installment of a larger payment plan.
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Technology has made debt based finance an obsolete operating system : Futurology

The debt based financial system is the modern operating system controlling how people relate to each other and how resources are peacefully allocated ...
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California groundwater levels at record lows

California groundwater levels at record lows | Everything Is Broken. Let's fix it. | Scoop.it
Groundwater levels are hitting record lows across much of California, and the drought is compounding the problem by leading to heavier pumping from aquifers, the state Department of Water Resources said in a report released Wednesday.
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Texans Are Drinking Toilet Water | MUNCHIES

Texans Are Drinking Toilet Water | MUNCHIES | Everything Is Broken. Let's fix it. | Scoop.it
The adage “desperate times call for desperate measures” has been taken up by Wichita Falls, a drought-stricken Texas town that’s found a new source for drinking water: its toilets.
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The Army to Get 90MW of Solar for Less Than the ‘Avoided Cost’ of Fossil Fuels : Greentech Media

The Army to Get 90MW of Solar for Less Than the ‘Avoided Cost’ of Fossil Fuels : Greentech Media | Everything Is Broken. Let's fix it. | Scoop.it
“That’s a big deal, especially deep in coal country.”
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The Connection Between Oil Prices, Debt Levels, and Interest Rates

The Connection Between Oil Prices, Debt Levels, and Interest Rates | Everything Is Broken. Let's fix it. | Scoop.it
If oil is "just another commodity," then there shouldn't be any connection between oil prices, debt levels, interest rates, and total rates of return. But there clearly is a connection. On one hand...
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Where the World's Unsold Cars Go To Die | Zero Hedge

Where the World's Unsold Cars Go To Die | Zero Hedge | Everything Is Broken. Let's fix it. | Scoop.it
In the past several years, one of the topics covered in detail on these pages has been the surge in such gimmicks designed to disguise lack of demand and end customer sales, used extensively by US automotive manufacturers, better known as "channel stuffing", of which General Motors is particularly guilty and whose inventory at dealer lots just hit a new record high. But did you know that when it comes to flat or declining sales and stagnant end demand, channel stuffing is merely the beginning? Presenting... Where the World's Unsold Cars Go To Die
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Army of 600,000 migrants lined up along North African coast, Italy say

Army of 600,000 migrants lined up along North African coast, Italy say | Everything Is Broken. Let's fix it. | Scoop.it
Up to 600,000 would-be migrants are in position to set sail from North Africa, in an onslaught on Europe’s coastline, the Italian government has warned.
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The Future Prospects for Global Arable Land

The Future Prospects for Global Arable Land | Everything Is Broken. Let's fix it. | Scoop.it
Future Directions International is an independent, not-for-profit research institute based in Perth Western Australia. It was established in 2000 by Major General the Hon. Michael Jeffery (former Governor General of Australia) together with a small group of leading Australians to conduct comprehensive research of important medium to long-term issues facing Australia.
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Russia prepares to attack the petrodollar

Russia prepares to attack the petrodollar | Everything Is Broken. Let's fix it. | Scoop.it
The US dollar's position as the base currency for global energy trading gives the US a number of unfair advantages. It seems that Moscow is ready to take those advantages away.
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Fear of economic blow as births drop around world

Fear of economic blow as births drop around world | Everything Is Broken. Let's fix it. | Scoop.it
NEW YORK (AP) — Nancy Strumwasser, a high school teacher from Mountain Lakes, New Jersey, always thought she'd have two children.
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Chernobyl: Capping a Catastrophe

Chernobyl: Capping a Catastrophe | Everything Is Broken. Let's fix it. | Scoop.it
A 32,000-ton arch that will end up costing $1.5 billion is being built in Chernobyl, Ukraine, to all but eliminate the risk of further contamination at the site of the 1986 nuclear reactor explosion.
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