Courtesy of John Rubino, Dollar Collapse
Global stocks recover. Gold and silver stabilize. US angers China with huge steel tariff. The data indicates no Fed rate increase in June. Saudi Arabia starts acting like Chicago, paying bills with IOUs. Brexit, The Movie, crushes the European project and a former European spymaster wonders if the EU has “run its course.” China’s debt bomb debated and visualized.
Best Of The Web
Observations from the heart of Silicon Valley – Peak Prosperity
Hikes data dependent says NY Fed – Mish
Central banks are powerless “they should go away” – Mish
The negative interest rate gap – Club Orlov
British spymaster fears the EU has “run its historical course” – Zero Hedge
Brexit risks in 2016 – the movie – Gold And Liberty
CERN discovers new particle called the FERIR – Automatic Earth
“The global negative feedback loop” – Zero Hedge
China’s debt bomb: no one really knows the payload – Visual Capitalist
Tomgram: Noam Chomsky, the challenges of 2016 – Tom Dispatch
The inevitability of unintended consequences – Peak Prosperity
Ominous portents – Credit Bubble Bulletin
Ludwig von Mises’s top 9 quotes on gold – Mises Institute
Finance + stress = suicide – Automatic Earth
The Economy
5/20 Business loan delinquencies spike to Lehman moment level – Wolf Street
5/20 Mass layoffs are looming in South Korea – Bloomberg
5/20 Is this the end of the road – GoldAndOilGuy
5/20 Oil supply disruptions quickly fading – Zero Hedge
5/20 Heavy metals sending a warning to economy, markets? – Dana Lyons
5/20 “Shanghai Accord flows reverse” – Zero Hedge
5/20 This could easily become the worst urban crisis in history – Economy And Markets
5/20 Asset management companies should dump their own stock – Dana Lyons
5/20 China furious after US launches trade war “nuke” with 522% duty – Zero Hedge
5/20 High yield recovery rates fall, alarming junk bond investors – Barron’s
5/20 When rare market data screams, listen – Best Minds, Inc.
5/20 Forget the economy, the Fed is ‘market dependent’ – CNBC
5/20 China’s communist party goes way of Qing dynasty as debt hits limit – Telegraph
5/20 Bankruptcy experts eye Asia boom as debt fears grow – Financial Times
5/20 China’s desire for headline growth may hide longer-term risks – Reuters
5/20 Look out! The market’s last line of defense is struggling – Economy And Markets
5/20 Chicago pension liabilities jump 168%, understated by $11.5 billion – Mish
Precious Metals
5/20 Gold 101: Which is the best ETF? – Seeking Alpha
5/20 Rick Rule top picks – Penny Mining Stocks
5/20 Sprott monthly market update with Rick Rule – Mining.com
5/20 An insane inflation bubble is coming – Daily Sheeple
5/20 Silver Standard acquires Claude Resources in $337 million deal – Mining.com
5/20 As Brexit, Trump multiply global risks, gold seen at $1,400 – Bloomberg
5/20 Better buy: Royal Gold, Inc. vs Barrick Gold – Motley Fool
5/20 While world laps up gold, India yawns – Economic Times
5/20 Silver Wheaton: More reasons to go long – Seeking Alpha
5/19 Signals – from gold and the S&P – Deviant Investor
5/19 Leveraged ETFs decay dashboard – Seeking Alpha
5/19 Top 10 junior takeover targets for 2016 – Seeking Alpha
5/19 Rally in gold stocks hitting first big challenge – Dana Lyons
5/19 Gold Standard scores big – 321Gold
5/19 Rick Rule warns of US dollar troubles – King World News
5/19 Huge trend changes point to something big in the gold market – SRSrocco Report
5/19 Billionaire Soros cuts US stocks by 37%, buys gold miner – Investors
5/19 Russia and China buy tons of gold getting ready for dollar collapse – Pravda Report
Inflation, Deflation, Currency War, Cryptocurrencies
5/20 Japan and the U.S. are headed for a showdown over currency manipulation – MarketWatch
5/20 The iron mountain on China’s doorstep tops 100 million tons – Bloomberg
5/20 The shift to a cashless society is snowballing – Zero Hedge
5/20 The Eurozone is the greatest danger – GoldMoney
5/20 Foreign central banks jettisoning US debt at alarming pace – Schiff Gold
5/20 ECB’s Liikanen sees basic math signaling inflation over goal – Bloomberg
5/20 There’s no reason to fear a currency war – Chicago Tribune
5/20 Bert Domen: The Fed is trapped – Dohmen Capital
5/20 Inflation? – Money And Markets
5/19 Growing movement for Brexit has the elites shaking in their boots – Sprott
5/19 Why London could decide the next US rate hike – CNBC
5/19 Everything has gone up in price; asset deflation likely – Money Control
Real Estate Bubble
5/20 Existing Home Sales increased in April to 5.45 million SAAR – Calculated Risk
5/20 Existing home sales tumble in south, west regions – Zero Hedge
5/18 China’s housing bubble so big “Goldman will need a bigger chart” – Zero Hedge
5/18 Housing starts bounce, momentum flatlines – Mish
DollarCollapse Podcasts
5/14 Chaos spreads to US retailers and Italian banks
5/04 Easy money has failed; what’s next?
4/27 Okay, I’ll say it: run for the hills
4/21 Corporate earnings (among other things) go from bad to horrendous
4/13 A potentially brutal earnings season kicks off
4/06 The end of privacy = risk off and soaring gold
3/30 The inevitable is now imminent
3/22 Huge government deficits coming
3/17 Same mistakes, bigger scale
3/07 It’s all about the central banks
Politics
5/20 Why Hillary Clinton won’t pick Elizabeth Warren for VP – NewsWeek
5/20 The rise of the far-Right in Europe is not a false alarm – Telegraph
5/20 First look at explosive Hillary documentary, ‘Clinton Cash’ – New York Post
5/20 Infowars vs. Donald Trump – Splice Today
5/20 ‘Gold is the restraining force on government’ – Voices of Liberty
5/20 Donald Trump uses the word “rape” to talk about Bill Clinton – CBS News
5/19 Trump leads Clinton nationally for first time in latest poll – Zero Hedge
5/19 How I screwed up on Donald Trump – Five Thirty Eight
5/19 Is traditional polling underselling Trump’s true strength? – NY Times
5/19 Elizabeth Warren on zika: ‘I simply do not understand the Republicans’ – Daily KOS
5/19 Bernie’s the early favorite for Clinton’s running mate – Rasmussen
5/19 Elizabeth Warren goes to war against Donald Trump – New Yorker
5/19 It ain’t easy being a black Brexiteer –Guardian
Offshore Investing
5/20 EU to compile common blacklist of tax havens, sanctions against them – Reuters
5/17 Panama Papers: dozens of Americans tied in – Panama Papers
5/17 Panama Papers hub in Miami: Citigroup’s private bank – Wall St on Parade
5/12 Crooks, terrorists, tax evaders: Can new shell company rule stop them? – Reuters
Clean Tech
5/20 NC bill takes aim at wind power and solar energy – News Observer
5/19 The environmental and public health benefits of solar power – Eurek Alert
5/19 World’s largest rooftop solar power plant inaugurated in Punjab – Business Standard
5/19 Wind power cost cuts translating into rapid growth – AWEA Blog
5/19 Floating wind farms: great concept, implausible economics – MIT
5/18 Germany just got almost all of its power from renewable energy – GEAB
5/18 Cooling, time in the dark preserve perovskite solar power – EurekAlert
5/17 Shell creates division to invest in wind power –Business Green
5/16 Obama sets stage for huge emissions cuts – Bloomberg
5/16 Economics can’t support the new “solar economy” –Town Hall
5/16 Eye-catching Solar stocks update: SolarCity, SunEdison –News Is Money
5/16 How SolarCity can win the market back – Buffalo News
Art of the Collapse
5/08 ‘Dilbert’ creator’s 6 reasons why Trump will win – Zero Hedge
5/06 The book that will save banking from itself – Bloomberg
5/04 America’s best and brightest – 321 Gold
4/25 Hillary Clinton’s full speech to Goldman Sachs – Liberty Blitzkrieg
War, Civil Unrest, Privacy, Creeping Fascism, Police State
5/20 China says it’s ready if US ‘stirs up any conflict’ in South China Sea – CNBC
5/19 US supreme court makes mockery of First Amendment –Rutherford
5/18 America’s age of impunity – Zero Hedge
5/17 Beijing blasts Pentagon report on Chinese military – Reuters
5/17 ‘Avengers’ threaten new insurgency in Nigeria –Reuters
5/17 Refugees refuse assignment to Bulgaria, Romania –Mish
5/17 The real story of our decades-long Middle East policy disaster – Salon
5/17 The creeping militarization of American culture – National Interest
Self-sufficiency, Food Security, Survival
5/18 Fluoride, the only drug intentionally added to your tap water – Mercola
5/17 UV light provides a multitude of health benefits – Mercola
5/17 Dealing with stress and depression with magnesium supplements – Dr Sircus
5/16 Tiny is so very big– Mother Earth News
5/16 Relying on a “defined benefit” pension? Don’t –Money Week
CyberWar, CyberTerrorism, CyberCrime
5/20 Cyber-war gets real – Baseline Mag
5/20 Cyber war vs. Islamic State ‘work in progress’ – VOA News
5/20 Cyberspace’s invisible armies – ECNS
5/18 Here’s how to end the fog of cyberwar – Scientific American
5/18 Bitcoin-ransoming Romney tax ‘hacker’ faces 25 years inside – Register
Off-Topic But Brilliant/Challenging/Infuriating
5/20 Stuck on hot: Earth breaks 12th straight monthly heat record – AP
5/20 Uber to start testing self-driving car in Pittsburgh – CNBC
5/20 Mother of all head & shoulder patterns – Economica
5/18 Sochi doping allegations could show unprecedented criminality – Reuters
5/18 Zika virus could spread to Europe in coming months – Guardian
5/18 REM sleep (dreaming) shown necessary for memory formation – Kurzweil
5/18 Ingestible ‘origami robot’ lets doctors operate on a patient remotely – Kurzweil
5/18 Magic Leap, the world’s most secretive startup – Wired
