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06.30.16- Mooning the Elite
Bill Bonner

Connecting Dots

BALTIMORE –  U.S. stocks bounced on Tuesday, with the Dow up 269 points [and even further on Wednesday, ed.]. Was that all there was? Is the “Brexit” scare over? We don’t know… but we’re going to take a pause today. Instead of trying to connect the new dots, we’re going to take a look at the old dots we’ve already strung together. We’ve been connecting the dots every day (except weekends) for the last 17 years. And today, for the benefit of new readers, old dear readers, and our own benefit too… we step back. What do we see? Read More

06.29.16- Brexit Aftermath -
Here’s What Will Happen Next

Brandon Smith

In my article 'Brexit: Global Trigger Event, Fake Out Or Something Else?', published before the U.K. referendum vote, I outlined numerous reasons why I believed the Brexit was likely to pass. As far as I know, I was one of very few analysts that stuck to my call of a successful Brexit right up until the day of the referendum instead of slowly backing away as the pressure of conflicting polls increased. My prediction was verified that evening.

In my post-Brexit commentary, which can be read here, I then outlined why so many analysts in the mainstream and even in the liberty movement were caught completely unaware by the referendum results. Today, however, I now see hundreds of analysts using the same talking points I argued before the Brexit, but still missing the first and most VITAL underlying truth.  The core reason why I was able to discern the Brexit outcome was because I accepted the reality that the Brexit does not hurt globalists — in the long run, it actually helps them. Read More

06.28.16- We Just Witnessed The Greatest One Day Global Stock Market Loss In World History
Michael Snyder

More stock market wealth was lost on Friday than on any other day in world history.  As you will see below, global investors lost two trillion dollars on the day following the Brexit vote.  And remember, this is on top of the trillions that global investors have already lost over the past 12 months.  It is important to understand that the Brexit vote was not the beginning of a new crisis – it has simply accelerated a global financial crisis that started last year and that was already in the process of unfolding. The next six months should be absolutely fascinating to watch. Read More

06.27.16- George Soros: "Brexit Makes EU Disintegration Irreversible"
Tyler Durden

Just four days ago, the "big guns" when George Soros wrote a Guardian op-ed titled  "The Brexit crash will make all of you poorer – be warned" in which he said that "as opinion polls on the referendum result fluctuate, I want to offer a clear set of facts, based on my six decades of experience in financial markets, to help voters understand the very real consequences of a vote to leave the EU." We promptly countered that Soros' set of "facts" may be clouded by his far greater equity stake in interests around Europe, and the globe, which would be drastically impacted by not only a Brexit, but by a European Union which is suddenly on the rocks.  That's precisely what happened when, as we wrote earlier, the world’s 400 richest people lost $127.4 billion Friday following the Brexit vote. Read More

06.25.16- Waiting for Humpty Dumpty
Dr. Ben Hunt

Humpty Dumpty sat on a wall,
Humpty Dumpty had a great fall.
All the king's horses
and all the king's men
Couldn't put Humpty together again.

Brexit is a Bear Stearns moment, not a Lehman moment. That's not to diminish what's happening (markets felt like a death in March 2008), but this isn't the event to make you run for the hills. Why not? Because it doesn't directly crater the global currency system. It's not too big of a shock for the central banks to control. It's not a Humpty Dumpty event, where all the Fed's horses and all the Fed's men can't glue the eggshell back together. But it is an event that forces investors to wake up and prepare their portfolios for the very real systemic risks ahead. Read More

06.24.16- 'Explosive shock' as Britain votes to leave EU, Cameron quits
Guy Faulconbridge and Kate Holton

LONDON Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two.

Global financial markets plunged on Friday as results from a referendum showed a 52-48 percent victory for the campaign to leave a bloc Britain joined more than 40 years ago. Read More

06.23.16- 'No Fly, No Buy' Means No Freedom
Andrew P. Napolitano

The people in the government who want to control our personal choices are the enemies of freedom. And the enemies of freedom can be very clever and seductive.

Last week, these folks, manifesting their lust to keep us dependent upon the government by rejecting the natural right to self-defense, coined a clever phrase: “No fly, no buy.” It sounds rational, yet it rejects core American values.

The phrase was pounded home to average Americans during a one-sided 15-hour televised marathon on the floor of the Senate orchestrated by the gun control crowd. Read More

06.22.16- Why the Brexit Could Be
the End of Central Banks

Shah Gilani

If the United Kingdom grabs all its capital and goes home from Brussels, the result could be market mayhem...

The markets' worry over the possibility of a Brexit – that the United Kingdom may actually pull the trigger and leave the world's biggest economic bloc – has been driving volatility for weeks.

Here's the thing… For all the coverage and attention the Brexit is getting, no one's talking about the most frightening prospect – by far – that's going to happen if Britain exits the European Union. Read More

06.21.16- Libertarian Party is the future, US will not be able to restructure debt
Jim Rogers

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06.20.16- China Must Follow Japan to Survive
Richard Duncan

China has been transformed by a credit-fueled investment boom unlike anything the world has ever seen.

A credit-based economy, built around what has effectively been the dollar standard, made it all possible. There’s no limit to the amount of credit that can be created under a fiat money system. And the dollar standard created a very large global boom, as U.S. dollars flooded into countries like China.

Between 1990 and 2014, investment in China increased a staggering 50-fold. Between 2007 and 2014 alone, investment in China increased by 236%. In the U.S. meanwhile, investment only increased 6% over that same time period. Read More

06.18.16- The Stock Market Crash Of 2016: Stocks Have Already Crashed In 6 Of The World’s 8 Largest Economies
Michael Snyder

Over the past 12 months, stock market investors around the planet have lost trillions of dollars.  Since this time last June, stocks have crashed in 6 of the world’s 8 largest economies, and stocks in the other two are down as well.  The charts that you are about to see are absolutely stunning, and they are clear evidence that a new global financial crisis has already begun.  Of course it is true that we are still in the early chapters of this new crisis and that there is much, much more damage to be done, but let us not minimize the carnage that we have already witnessed. Read More

06.17.16- Unprecedented Mainstream Media Criticism of Central Banking Bodes Ill for the Larger Economy
Daily Bell Staff

DoubleLine’s Gundlach says ‘central banks are losing control’ …  Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday investors are dropping risky assets and turning to safer securities including Treasuries and gold because they are losing faith in central banks.  –Reuters

There is definitely considerable negativity about central banking in the mainstream media these days.

This is surprising, on the one hand, because central banking provides the foundation of the current economic system, worldwide. Read More

06.16.16- Derivatives Expert Warns Globalists Ready to SHUT DOWN Entire Financial System!
Rory Hall

The globalists seem to be running short of time according to derivatives expert Rob Kirby, as he is warning the algorithms that run the financial system may be turned off in the not too distant future.
When I say not too distant future I mean before the end of summer…

The establishment, globalist, elite, 1%, 0.01% whatever you wish to call them they seem to be on a one-way ride straight into the abyss. The global financial systems and global economies all seem to be moving in the same direction at the same time – down the tubes. Read More

06.15.16- The Establishment Has Lost Its Hold On The People, Brexit Gains Momentum
Nathan McDonald

People around the world are sick and tired of the status quo. They are sick and tired of the overly political correctness and the way that the system is attempting to control every aspect of our lives. You can see this growing wave of discontent from the ever-growing amount of politicians getting elected around the world with a nationalist ideology.

An increasing mass of people is sick and tired of the welfare state that has been created around us and want to get back to good, honest work - the type of hard effort and commitment that made the West the most prosperous nation in the world. Sadly, over the last few decades a growing portion of the population has gotten lazy and have expected more and more from "daddy" government. Read More

06.14.16- It’s Official: China Confirms It Has Begun Liquidating T-Bonds
Tyler Durden

“It would change the outlook on Treasuries quite a bit if you started to price in a fairly large liquidation of their reserves…”

On Tuesday evening, we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast stack of US paper. Back in July for instance, we noted that China had dumped a record $143 billion in US Treasurys in three months via Belgium, leaving Goldman speechless for once. Read More

06.13.16- 'Leave' Takes Shocking 19-Point Lead In Brexit Poll - "If It Happens, Gold Will Be The World's Strongest Currency"
Tyler Durden

The headlines go from bad to worse for the UK and EU establishment as yet another new poll this weekend, by Opinium, shows "Brexit" leading by a remarkable 19 points (52% chose to leave the EU against 33% choosing to keep the status quo). This result comes after 2 polls Friday night showing a 10-point lead for "leave" which sparked anxiety across markets. This surge in "leave" probability comes despite an additional 1.5 million voters having registered this week (which many expected to increase "remain" support). Further anger towards EU was exposed when former cabinet minister Iain Duncan Smith warned that seven new prisons will need to be built in the UK by 2030 to cope with the rising number of migrant criminals (presumedly due to 'staying' in the EU). Read More

06.11.16- Is The Fed Just Maintaining The Illusion They’ll Raise Rates?
L Todd Wood

It’s not rocket science.

Here’s what has been going on with the economy: We have had layer after layer of job-killing regulations and policy thrown at the deepest and most resilient economy in the world. Yet, she’s still kicking, the American economy.

But — and it’s a BIG “but” — the economy is one sick puppy. Obamacare, environmental regulations and corruption, the climate change agenda, higher taxes, etc have all been thrown at the American economic wall. And man, have they sure stuck! Read More

06.10.16- Peter Schiff Issues a Rather Large Economic Warning…“It’s Gonna Be Awful”
Charles Hugh Smith

The interview below is vintage Schiff vs. CNBC. After being “demoted” to only doing CNBC website interviews for the last several months, something Peter hasn’t been too shy about mentioning in other interviews, within the first 22 seconds Peter manages to sneak in a jab about finally being IN studio again, jokes about how his competition at CNBC aren’t really full fledged bears, but rather “little cubs that haven’t matured into full grown bears yet,” and when asked how bad he thinks the coming financial crisis will be, Schiff responds saying, “It’s gonna be awful,” all while he’s laughing. Read More

06.08.16- Brexit Could Cause Gold Price to Soar
Matthew Johnston

The surge in gold prices since the beginning of this year following three years of decline could gain further momentum if U.K. citizens vote in favor of the Brexit, which is looking increasingly more likely. The price of gold, a metal perceived to be a safe haven for investors in times of economic stress, could “explode,” according to some analysts, if the nation votes to leave the EU in the upcoming referendum that is now only weeks away.

Driven by the economic turmoil of the global financial crisis, the price of gold soared to record highs before peaking at around $1,900 an ounce in September of 2011. As uncertainties over the financial crisis subsided, gold’s price declined reaching to as low as around $1,050 in November of last year in anticipation of the Fed beginning a new tightening cycle. Read More

06.08.16- Brexit Could Cause Gold Price to Soar
Matthew Johnston

The surge in gold prices since the beginning of this year following three years of decline could gain further momentum if U.K. citizens vote in favor of the Brexit, which is looking increasingly more likely. The price of gold, a metal perceived to be a safe haven for investors in times of economic stress, could “explode,” according to some analysts, if the nation votes to leave the EU in the upcoming referendum that is now only weeks away.

Driven by the economic turmoil of the global financial crisis, the price of gold soared to record highs before peaking at around $1,900 an ounce in September of 2011. As uncertainties over the financial crisis subsided, gold’s price declined reaching to as low as around $1,050 in November of last year in anticipation of the Fed beginning a new tightening cycle. Read More

06.07.16- Federal Reserve Plays Jenga with US Banking System
Samuel Bryan

If you’ve ever played Jenga, you know each player takes turns pulling blocks out of the core of a tower and then placing them on top. The tower gets less and less stable as the game goes on, until eventually it comes crashing down.

This is kind of like what the Federal Reserve does with the US banking and monetary system – except they actually claim they are making things more stable as they go.

Comments by two Federal Reserve governors last week indicate the central bank will likely require American banks considered “too big to fail” to further bulk up their balance sheets in order to protect against big losses and potential future bailouts in an economic crisis. Read More

06.06.16- The Tipping Point Is Quickly Approaching
Doug Casey

Editor's note: "The U.S. is going into a time of troubles at least as bad as any experienced in any advanced country in the last century."

Casey Research founder Doug Casey knows it sounds outrageous—and he'll probably get a lot of backlash—but he believes every American needs to be concerned right now…

Today and tomorrow, Doug will share his thoughts on this coming crisis…and why it will be much worse—and last much longer—than most people expect… Read More

06.04.16- Race to the bottom gaining traction:
Negative rates amplify currency wars

Sol Palha

Ability is a poor man's wealth.
- M. Wren

If you had told individuals before 2009 that we would be living in a negative rate environment in the near future, most would have treated you like a lunatic that just escaped from Ward 12. Fast forward a few years and viola, bankers all over the world are embracing negative rates. China devalued the Yuan once again, adding further fuel to the already blazing fire.  The Fed will have no option but to lower rates and then Jump onto the negative rate bandwagon. Don’t listen to the nonsense the Fed has been mouthing for months that all is well. We can already see the all is good slogan breaking down to “it’s not as good as we thought" slogan; this will eventually change to “oh my God it’s darn right ugly out there. Read More

06.03.16- A 'tsunami' is about to
overwhelm the debt market

Bob Bryan

A tidal wave may be coming to the bond market, and it's not going to be pretty.

At least that's the view of Matthew Mish, credit strategist at UBS. To Mish, the elevated rates of default in the commodity sector and high risk bonds are a harbinger of things to come for the broader debt market.

"First, our quantitative framework is signaling a broader deterioration in the default outlook, with our model projecting default rates of 4.3% over the next 12 months (versus 2.6% one year prior)," Mish wrote in a note to clients on Thursday. Read More

06.02.16- Why The Next Black Swan
Will Turn Into A Flock

Mark St.Cyr

I was on the phone the other day with a friend, who is also my accountant. We’ve been friends going on 30 years. Once in a while our discussions will veer off into what is commonly known as “shop talk” where we find we’ve suddenly gone from “just gabbing” to a multi-hour intense conversation about markets, the economy, and more. This past one was a little more of “the exception” rather than just the average swing into the generic.

What I discerned from many of his responses was just how inadequately prepared, justifiably frightened, as well as, an overwhelming sense of foreboding was lying right below the surface of those many might deem from the outside looking in as people of wealth, industry leaders, or people who are just assumed to be “well off.” Read More

06.01.16- On the Road to Panicville
Pater Tenebrarum

An Alert for the Global Posse of Liquidity Junkies

In the summer of 2015 and again in December-February this year, global stock markets were rattled by weakness in the yuan’s exchange rate vs. the US dollar. Yuan weakness is widely held to exacerbate pressures on other (already weak) emerging market currencies, but more importantly, it is seen as a symptom of accelerating capital flight from China.

Why is it considered important whether or not China’s foreign exchange reserves are increasing or declining? Read More

05.31.16- Immediate Risk of Systemic Lehman Event
Jim Willie

The entire Western financial systemic, complete with USDollar-based foundation platforms, is breaking down. The breakdown is in full view, very noticeable, in almost every arena. What happened in 2008 with the Lehman Brothers failure event is currently underway with almost every single financial platform, structural entity, financial market, banking structure, and arena. In response to the Lehman killjob event, where JPMorgan and Goldman Sachs strangled the victim firm (by denying Lehman proceeds on countless asset sales), the entire Western financial system has been lashed together, tied together, and connected among its many member parts. The main parts are the big banks, which use derivative contracts to lash themselves together. They believe there is strength in numbers, which is true to some extent. Read More

05.28.16- Weekend Rant:
Your Options... To Serve, Or Be Served

Robert Gore

There are three ways for a person to obtain something of value from another person: receive it as a donation, steal it by force or fraud, or exchange for it. It’s not much of an oversimplification to say that the advance of civilization has hinged on its movement from the first two methods to the third. The right to exchange, and the right to promise as part of a future exchange—the right to contract—are now taken for granted, but those rights are delicate and a whole complex of rights, assumptions, and obligations are subsumed by them. Their intellectual foundations are being undermined as the equality of rights implicit in contract and exchange gives way to a regressive inequality of rights: servitude. Read More

05.27.16- We Have Entered
The Looting Stage Of Capitalism

Paul Craig Roberts

Germany’s Assault On The IMF

Having successfully used the EU to conquer the Greek people by turning the Greek “leftwing” government into a pawn of Germany’s banks, Germany now finds the IMF in the way of its plan to loot Greece into oblivion .

The IMF’s rules prevent the organization from lending to countries that cannot repay the loan. The IMF has concluded on the basis of facts and analysis that Greece cannot repay. Therefore, the IMF is unwilling to lend Greece the money with which to repay the private banks. Read More

05.26.16- Negative Interest Rates Set to Propel the Dow Jones to the Stratosphere?
Sol Palha

"Every man must patiently bide his time. He must wait -- not in listless idleness but in constant, steady, cheerful endeavors, always willing and fulfilling and accomplishing his task, that when the occasion comes he may be equal to the occasion." ~ Henry Wadsworth Longfellow

Central bankers wanted to put the fear of God into the masses and to a large degree they have succeeded in doing so; the masses are so afraid that they continue to hoard their money and refuse to put into the market, and that is why this Bull-Market is the most hated in history. Nine years and counting and you would think by now they would have surrendered these false beliefs as the Bears have been decapitated, and the naysayers are hiding in the woodwork. Read More

05.25.16- The rise of the meta-criminal; Is the NSA manipulating the stock market?
Jon Rappoport

Trevor Timm of the Electronic Freedom Frontier dug up a very interesting nugget. It was embedded in the heralded December 2013 White House task force report on spying and snooping.

Under Recommendations, #31, section 2, he found this:

“Governments should not use their offensive cyber capabilities to change the amounts held in financial accounts or otherwise manipulate financial systems.” Read More

05.24.16- Zombie Economy Soon to Have its Zombie Epocalypse
David Haggith

This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve tried to push back up to that distant high that means new life several times, but each time the market falls into a pit again.

The market’s inability to rise without falling again is getting to be nerve racking for those who stayed in the market, trying to make it work for themselves. For Dennis Gartman, who writes the very influential Gartman Letter, last Wednesday was, in fact, one of the worst career days of his life: Read More

05.23.16- Another Stern Stock Market Crash Warning Was Just Issued by the IMF
Diane Alter

Another stern stock market crash warning was just issued from the International Monetary Fund (IMF), and it’s fueling fear across global markets.

The IMF, an organization of 189 countries, is worried about the ripple effects should the United Kingdom vote to leave the European Union (EU).

A British vote to exit the EU, or “Brexit,” could have significant and negative effects on the UK economy, the IMF said last Friday. The quickly approaching Brexit voting date is June 23. Read More

05.21.16- Observations From The Heart Of Silicon Valley
Adam Taggart

The calm before the storm?

Yesterday I made the 2-hour drive back to Silicon Valley, where I lived for 15 years before moving out to the country.

I rarely go back, as I miss very little about the hyper-elite scene there. When I do, though, I feel I have a useful 'insider-now-outsider' perspective that allows me to see things there more accurately than those who live in that fishbowl 24/7. Read More

05.20.16- This S&P 500 Death Cross’ Could Be The Real Deal
Lorcan Roche Kelly

Not all “death crosses” are created equal.

In a note to clients, Intermarket Strategy Ltd. Chief Executive and Strategist Ashraf Laidi points out that the S&P 500’s 50-week moving average is falling below its 100-week moving average.

This “statistically significant” death cross has only happened twice is the past two decades, Laidi points out. Read More

05.19.16- The Eurozone is the greatest danger
Alasdair Macleod

World-wide, markets are horribly distorted, which spells danger not only to investors, but to businesses and their employees as well, because it is impossible to allocate capital efficiently in this financial environment.

With markets everywhere disrupted by interventions from central banks, governments, and their sovereign wealth funds, economic progress is being badly hampered, and therefore so is the ability of anyone to earn the profits required to pay down the highs levels of debt we see today. Money that is invested in bonds and deposited in banks may already be on the way to money-heaven, without complacent investors and depositors realising it. Read More

05.18.16- America: The Future Third World Country
Tom Chatham

The purchasing power of Americans has been unequalled for the past several decades. This has been made possible by the high paying jobs created by our manufacturing sector. These jobs insured a wealthy middle class that could buy anything they wanted.

These high paying jobs meant that some of the wealth created by making things went to the workers. Before long, corporations began working on ways to keep more of that wealth. Enter the free trade agreement. By drafting and passing a number of free trade agreements, the corporations created a way to make their goods cheaper with overseas labor and keep more of the profit for themselves and their Wall Street owners. The deep pockets of the middle class began to dry up. Read More

05.17.16- America: A Nation of Idiots
Michael Covel

Do you support bombing Agrabah?

That’s a poll question posed to American primary voters recently.

And roughly 30% of Republicans and 20% of Democrats replied “yes.”

Why does a sizeable chunk of America want to annihilate the fictional city in Disney’s 1992 film Aladdin?

Simple answer: They are brain dead. Effectively, victims of full frontal lobotomies.

They live in a fantasy… as fake as the made-up city of Agrabah that they want to carpet bomb. Read More

05.16.16- All the King's horses and all the King's men
Johnny Silver Bear

Clowns: the good, the bad, and the evil

The more things change, the more they stay the same. For those of us who have developed the bad habit of prognostication, the more they stay the same.

I have come to the conclusion, after having attempted to absorb the thoughts and prognostications of many highly intelligent people, that there are basically four groups that are involved in determining the future of the US Economy. Some of that determination is a result of either pushing or pulling, although most of it is a result of doing nothing, which is the collective contribution of the largest group. The largest group is made up of the sheeple, with the occasional good and bad clown popping up every now and then. Read More

05.14.16- Penny Mining Stocks...Rick Rule Top Picks
BNN Market Call

Long time mining financier and speculator Rick Rule took the hot seat yesterday afternoon on BNN Market Call to answer viewer questions on precious metals stocks.

Here is my summary of of the last time Rick Rule was on BNN Market Call.

Argonaut Gold – You have had a nice move in Argonaut. Might be wise to take a little money off the table if you have a profit. Lots of risk in the smaller gold companies including Argonaut. Stay in the gold trade. Read More

05.14.16- Penny Mining Stocks...Rick Rule Top Picks
BNN Market Call

Long time mining financier and speculator Rick Rule took the hot seat yesterday afternoon on BNN Market Call to answer viewer questions on precious metals stocks.

Here is my summary of of the last time Rick Rule was on BNN Market Call.

Argonaut Gold – You have had a nice move in Argonaut. Might be wise to take a little money off the table if you have a profit. Lots of risk in the smaller gold companies including Argonaut. Stay in the gold trade. Read More

05.13.16- Macy’s Crushed By Amazon, Italian Banks Crushed By Euro
John Rubino

This is a tale of changing environments and the organisms that are, as a result, dying off.

First, consider the bricks and mortar retailers. Amazon, the dominant online seller of virtually everything, reports a spectacular quarter with soaring sales and (fairly new for them) strong profits. But in a world of flat consumer spending, where families have already used up their savings, their kids’ college funds and the loose change in their sofas to make ends meet, one store’s feast is necessarily another’s famine. And the physical retailers — which require you to actually go to them in order to buy their stuff — now find the water hole dry and the trees barren of leaves. Here’s what Macy’s reported this morning: Read More

05.12.16- Stuck with dangerous dollar dominance
Mike Dolan

LONDON (Reuters) - The world is getting an object lesson on the problems of having one dominant global currency and even the supposed prime beneficiary, the United States, can see the downside.

Alarming bouts of volatility in world financial markets over the past 12 months have been rooted in a fear of what happens when a world with its highest-ever peacetime debt pile faces even a hint of higher interest rates.

Despite a constant narrative about U.S. households and banks paying down debts ever since the global credit crash eight years ago, any 'deleveraging' that did happen was more than offset by higher government, corporate and personal debt around the globe in Europe, China and across emerging markets. Read More

05.11.16- With A Historic -150% Net Short Position, Carl Icahn Is Betting On An Imminent Market Collapse
Tyler Durden

Over the past year, based on his increasingly more dour media appearances, billionaire Carl Icahn had been getting progressively more bearish. At first, he was mostly pessimistic about junk bonds, saying last May that "what's even more dangerous than the actual stock market is the high yield market." As the year progressed his pessimism become more acute and in December he said that the "meltdown in high yield is just beginning." It culminated in February when he said on CNBC that a "day of reckoning is coming." Read More

05.10.16- DE-DOLLARIZATION ACCELERATES AS RUSSIA NEARS LAUNCH OF RUBLE-PRICED OlL TRADING PLATFORM…..Jim Sinclair called this an economic Nuke in 2014
IWB

It appears Russia is close to taking the next big step towards de-dollarization and killing the petro-dollar as VladimirPutin’s “dream” of ruble-based pricing of its domestically-produced oil is on the verge of realization. SPIMEX (The St. Petersburg International Mercantile Exchange) is actively courting international oil traders to join its emerging futures market, which as Bloomberg reports, is designed “to create a system where Russian oil is priced and traded in a fair and straightforward way.” Read More

05.09.16- The Bull Market in Stocks May Be Done
Ryan Cristian

It has come to my attention that, perhaps, the great stock bull market is done. To most people, a bull market is good, and its end is bad. After all, a rising market signifies ahealthyeconomy. Investors aremaking money. And it seems to prove that the free market is validated, able to deliver miracles despite Obamacare. Share prices are connected to business productivity, aren’t they?

The Stock Market and the Economy

In a free market they are, of course. However—and this cannot be said too often—we don’t have a free market. We havemonetary policy. This is how our central planners try tostimulateus. They create awealth effect. Read More

05.07.16- Coming Bank Run Will Send Gold to $3,000+
Dan Steinhart

You’re alone in a foreign country, far from your hotel.

You reach in your pocket to grab your wallet. It’s gone…

All your cash, credit cards, and debit cards are in it.

You can’t buy food…or a cab ride…or anything.

You try not to panic. What will you do?

This feeling, multiplied by 1,000, is what a bank run feels like. Read More

05.06.16- Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing
Michael Snyder,

We continue to get more evidence that the U.S. economy has entered a major downturn.  Just last week, I wrote about how U.S. GDP growth numbers have been declining for three quarters in a row, and previously I wrote about how corporate defaults have surged to their highest level since the last financial crisis.  Well, now we are getting some very depressing numbers from the rail industry.  As you will see below, U.S. rail traffic was down more than 11 percent from a year ago in April.  That is an absolutely catastrophic number, and the U.S. rail industry is feeling an enormous amount of pain right now.  This also tells us that “the real economy” is really slowing down, because less stuff is being shipped by rail all over the nation. Read More

05.05.16- US economy is headed for a recession
Dr. Jack Rasmus, Ph.D

The United States is experiencing its fifth relapse in five years.

This past week the U.S. government announced the contry’s economy rose in the January-March 2016 at a mere 0.5 percent annual growth rate. Since the U.S., unlike other countries, estimates its GDP based on annual rates, that means for the first quarter 2016 the U.S. economy grew by barely 0.1 percent over the previous quarter in late 2015.

Growth this slow indicates the US economy may have “slipped into ‘stall speed’, that is, growth so weak that the economy loses enough momentum and slides into recession”, according to economists at JPMorgan Chase. Read More

The Brink of Economic Collapse? How Did This Happen?
Michael Lombardi

On virtually every alternative news site you visit these days—and many mainstream sites as well—you will find predictions of economic collapse and coming calamity. The bizarre thing is not that these articles exist, but rather that we have somehow adapted to them and taken them in stride. In this essay, I have set out to determine how this came about—how did one of the most developed and educated civilizations in history come so close to the economic brink?

I was especially curious to determine if the core mechanics of demand and supply, the stuff you learn in the first 10 minutes of your very first lecture in Economics 101, were still functioning as they should be… Read More

05.03.16- The End Of America?: 13 Catastrophic Events Which Could Soon Lead To An American Apocalypse
Michael Snyder

Is the strongest and most powerful nation on the planet headed for an apocalypse which will bring it to its knees?  We live in a world that is becoming increasingly unstable, and apocalyptic themes have become very common in books, movies, television shows and video games.  It is almost as if there is an unconscious understanding on a societal level that something very big and very bad is coming, even if the vast majority of the population cannot specifically identify what that is going to be.  Last week, the Global Challenges Foundation released a new report entitled “Global Catastrophic Risks 2016” in which they discussed various apocalyptic events that they believe could wipe out more than 10 percent of the population of our planet, and they warned that these types of events “are more likely than we intuitively think”Read More

05.02.16- What the Heck is Going on With the Dollar and “Fear?”
Wolf Richter

Gold jumped 2.2% on Friday to $1,294.90 an ounce. It’s up nearly 5% for the week and hit the highest price since January 2015.

Silver rose 1.7% on Friday to $17.80 an ounce. During the day, it kissed the highest price since January 2015. It has jumped 15% in April.

The yen, which the Bank of Japan successfully crushed for a while, has re-soared, from ¥126 to the dollar in June last year to ¥112 by last Wednesday morning in Tokyo. At that point, the BOJ announced that it would keep its scorched-earth campaign of negative interest rates and money printing unchanged, rather than adding to it. This disappointed the hedge fund community that had been cocksure that the BOJ would throw more fodder their way. Read More

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