Courtesy of John Rubino.
Car sales, oil prices, mortgage applications, US construction spending, China and Japan manufacturing all fall hard. China’s credit risk grows. Japan ramps up stimulus, rest of world soon to follow. Charles Hugh Smith on why pension funds (that is, your retirement) are doomed. Great interviews with James Rickards and Helen Chaitman. Oil and gold stable. Gold’s COT report improves dramatically, though not enough to signal a bottom. Bitcoin is soaring on China demand. Trump says more crazy stuff, Clinton gets bad news, and Brexit gains support.
Best Of The Web
It’s not stupidity. It is apathy (for now) – Alhambra Partners
Here’s why all pension funds are doomed, doomed, doomed… – OfTwoMinds.com
Dominic Frisby interviews James Rickards – Frisby’s Bulls & Bears
Criminal bankers threaten entire world economy – USA Watchdog
Gold: Intelligentsia – you’re fired! – 321Gold
The business of central banks is like pornography – Finanz und Wirtschaft
Stock share buybacks now bought out – The Great Recession
Rick Rule on gold’s bull market – King World News
We’re in the eye of a global financial hurricane – OfTwoMinds.com
The coming Fed-induced pension bust – Hussman Funds
“We are becoming convinced that the system won’t stabilize” – Zero Hedge
Trump victory odds soar as the Hillary Clinton ‘death cross’ strikes – Zero Hedge
What we have now isn’t capitalism – Wall St. For Main St.
Weekly commentary: unambiguous signals disregarded – Credit Bubble Bulletin
Breaking News
The Economy
6/01 GM sales plunge 18% in May, Ford down 5% – CNBC
6/01 Oil prices fall on rising output – CNBC
6/01 Abenomics “death cross” strikes as PMI falls to 40-month low – Zero Hedge
6/01 US manufacturing PMI up slightly – Bloomberg
6/01 Chart shows China’s debt bubble bigger than subprime bubble – MarketWatch
6/01 China manufacturing and services PMI fall in May – CNBC
6/01 The debt binge this time – David Stockman
6/01 Alan Greenspan: “We’re running to a state of disaster” – Zero Hedge
6/01 Losing ground in flyover America, part 1 – David Stockman
6/01 Losing ground in flyover America, part 2 – David Stockman
6/01 Losing ground in flyover America, part 3 – David Stockman
6/01 Alan Greenspan: “We’re running to a state of disaster” – Zero Hedge
6/01 What copper says about the economy – Sovereign Investor
5/31 Consumer confidence unexpectedly plunges – Business Insider
5/31 Consumer spending posts biggest gain in more than six years – CNBC
5/31 Goldman Sachs financed Clinton’s son-in-law’s Greek bets – Wall St. On Parade
5/31 Investing in the face of an interest rate hike – Korelin Economics Report
5/31 Mizuho CEO: Japan sales tax delay is “admission Abenomics has failed” – ZH
Precious Metals
6/01 How miners maintained gains despite gold losses – Yahoo!
6/01 Volume is your enemy – Will Lehr on the Gold Channel – Perpetual Assets
6/01 Gold: What is it good for? Absolute value or absolutely nothing? – Forbes
5/31 Thanks to Yellen, gold will bounce back – Daily Bell
5/31 Bullish hedge funds run for the exits in gold market – Kitco
5/30 Gold and silver – at significant support. New “story” developing – Edge Trader Plus
5/30 Energy & debt crisis point to much higher metals price – SRSrocco Report
5/30 For how many millennia do John Plender and the FT plan to disparage gold? – GATA
5/29 Why China’s largest bank just bought a massive gold vault – Motley Fool
5/29 Commercial traders do something unprecedented in report’s history – Seeking Alpha
5/29 The Fed can’t make a decision, but they can make gold glitter – Birch Gold
5/29 The arguments for gold in 2016 that no one should ignore – Birch Gold
5/29 A few questions to those who slam gold – Zero Hedge
5/29 Pierre Lassonde interview – King World News
5/28 Gold futures slide to lowest close in 3 months – MarketWatch
5/28 Gold and silver – at significant support. New “story” developing – Edge Trader Plus
5/28 5 things you need to know about investing in gold – Kiplinger
Inflation, Deflation, Currency War, Cryptocurrencies
6/01 Yen jumps as Japanese stocks slide on Abe tax news – Bloomberg
6/01 Will Ethereum beat bitcoin to mainstream microtransactions? – Coin Desk
6/01 3 reasons bitcoin is booming again, price nears $550 – Fortune
6/01 It costs $150 to buy a dozen eggs in Venezuela right now – LA Times
5/31 Economists and faith leaders plot Britain’s downfall – Daily Bell
5/31 Brexit focus on immigration concerns is paying off – Telegraph
5/31 Brits “appalled, disgusted” at Brexit postal ballot ‘fraud’ – Zero Hedge
5/30 Oil rally gives ECB inflation forecasts a boost – Telegraph
5/30 Jubilee debt relief as prelude to new global economic order – Market Oracle
5/30 Bitcoin soon to be accepted at online casinos – NewsBTC
5/30 Bitcoin skyrockets and is now up more than 100% this jubilee year – Dollar Vigilante
5/29 China depreciates currency to 5 year low – China Topix
Real Estate Bubble
6/01 US Construction spending plunges 1.8% in April – MarketWatch
6/01 Mortgage applications drop 4.1% on Fed uncertainty – CNBC
5/31 The new subprime mortgage – Zero Hedge
5/30 Sam Zell dumps holdings, warns “the Fed deferred reality for too long” – Zero Hedge
DollarCollapse Podcasts
5/23 Hard times for obsolete entities
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
Politics
6/01 Wikileaks: Is this the “smoking gun” email that brings down Hillary? – ZH
6/01 New polls show Brexit in lead for 1st time –Mish
6/01 Clinton camp scrambles to assure backers in wake of email report – Fox News
6/01 You’re witnessing the death of neoliberalism – from within – Guardian
5/31 As Trump feuds with ‘Pocahontas,’ Sanders appeals to Native Americans – WaPo
5/31 New poll shows only 4% of Americans trust congress – Daily Bell
5/31 Electronic voitng machines & why voters should be suspicious of every election – ZH
5/31 “Bill Clinton was here”: the elite one-percent ‘orgy island’ exposed – Zero Hedge
5/31 Donald Trump is oddly popular in China –Fortune
5/31 7 times we were sure Donald Trump wouldn’t get the GOP nomination – Mashable
5/31 Why Donald Trump has a real chance to become president – SMH
5/31 Conservative party turmoil escalates with open call for Cameron to quit –Guardian
5/31 “The only true ‘safe space’ is liberty and freedom” – Heat Street
5/30 Sensing opportunity, Libertarians pick Johnson, Weld for ticket – MarketWatch
Offshore Investing
5/20 EU to compile common blacklist of tax havens, sanction 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
6/01 When will solar overtake oil? – Oil Price
6/01 Gokongwei mall has world’s biggest solar power plant – Inquirer
6/01 China added half of new global wind power capacity in 2015 – Inhabitant
5/31 Tesla’s Gigafactory sets grand opening for July 29th – Verge
5/31 Big corporations ditching their power providers. A sign of the utility death spiral? – GTM
5/31 Utility scale wind turbine market poised to $130 billion by 2016 – Cluster Mapping
5/31 Saudi Arabia – the next solar super power? – Business
5/30 JinkoSolar outstrips Trina Solar in module shipments – Solar Server
5/30 Clean energy to take bigger share of electricity – Bloomberg
5/29 Tall buildings are bigger threat to birds than wind power – Bloomberg
5/28 There’s a lot to unpack in Trump’s answers about energy policy – Washington Post
5/28 Wind energy’s rustic years are over – Slate
Art of the Collapse
5/30 Economic reality, brick walls, budget balancing act political cartoons – Mish
5/08 ‘Dilbert’ creator’s 6 reasons why Trump will win – Zero Hedge
War, Civil Unrest, Privacy, Creeping Fascism, Police State
6/01 Eric Holder says Edward Snowden performed a ‘public service’ – CNN
6/01 Fear for civilians as Islamic State halts Iraqi army at gates of Falluja – Reuters
6/01 Merkel ready to kiss and make up with Putin? – Mish
6/01 18 German women sexually assaulted by Pakistani refugees – Zero Hedge
5/31 Sen. Rand Paul: we must restore congressional authority on declaring war – Time
5/31 Texas men train to shoot Muslims, dip bullets in pig blood – Independent
5/31 How to legally scam the welfare system – Zero Hedge
5/31 Governments to commercial spyware to intimidate dissidents – Mish
Self-sufficiency, Food Security, Survival
6/01 Here’s why ‘inert’ ingredients may be the most harmful of all – Mercola
6/01 The 50 year cover-up killing millions – Mercola
5/31 Building an igloo alone: “Survive In Ice and Snow” – SHTF Plan
5/31 Cell-phone-radiation causes brain and heart tumors in rodents – Kurzweil
5/29 Eat some Sesame seeds to fight oxidative stress – Modern Farmer
CyberWar, CyberTerrorism, CyberCrime
5/29 North Korea linked to digital thefts from global banks – NY Times
5/29 President Obama threw a cyberwar… and no one came – Tech Dirt
5/22 Cyberwar: The smart person’s guide – Tech Republic
5/21 Yet another major cyberheist in ‘secure’ global payments system – Zero Hedge
5/20 Cyber-war gets real – Baseline Mag
Off-Topic But Brilliant/Challenging/Infuriating
6/01 Preparing for a beautiful end – Geez
6/01 More than 45 million trapped in modern slavery: study – AFP
6/01 Where is global warming? Coldest spring – 2016 – Dr Sircus
5/31 Things are thriving in the “modern hooker economy” – Zero Hedge
5/31 ‘Huge wake up call’: Third of central, northern Great Barrier Reef corals dead – SMH
5/31 By the year 2040, embryo selection could replace for procreation – Kurzweil
5/31 Football’s silent shame: Dementia ‘conspiracy’ is a stain on the game – Telegraph
5/31 Woman who died after night swim in crocodile-infested waters – Telegraph
5/30 Schrödinger’s cat now has a playmate – CS Monitor
5/30 Your next hamburger may contain endangered wolf – Take Part
