Courtesy of John Rubino.
US jobs report misses big, stocks decline, gold soars, odds of interest rate hike fall. Car sales, oil prices, mortgage applications, US construction spending, China and Japan manufacturing all fall hard. Alhambra Partners on why apathy is a bigger risk than stupidity. Charles Hugh Smith on why pension funds (that is, your retirement) are doomed. Great interviews with James Rickards and Helen Chaitman. Bitcoin is soaring on China demand. Brexit gains support.
Best Of The Web
Grasshopper nation: Planning for thoses who aren’t prepared – Peak Prosperity
What makes this jobs report so truly ugly? – Wolf Street
Infographic: Vancouver real estate mania – Visual Capitalist
Hidden in full view – SilverSeek
Bon appetit! – Janus Capital Group
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
Breaking News
The Economy
6/05 Rate hike odds collapse; Fed’s Evans discusses “delays for years” – Mish
6/05 California exports continue to slide in April – Sacramento Bee
6/05 Americans not in the labor force soar to record 94.7 million – Casey Research
6/05 Debt rattle – Automatic Earth
6/05 Billionaire George Soros dumps 37% of stocks – 24hGold
6/05 Explosion in quasi-sovereign bond issuance making analysts queasy – ZH
6/05 13 of 23 co-ops created under Obamacare hav failed – Zero Hedge
6/05 Greenspan warns of economic disaster – Birch Gold
6/04 How China fell off the miracle path – New York Times
6/04 The US may have actually lost jobs in May, economist says – CNBC
6/04 Composite PMI flirts with contraction – Mish
6/04 China toxic debt solution has one big problem – Bloomberg
6/04 “Financial bubble” 8x bigger than 2008 subprime crisis – ValueWalk
6/04 Japan growth strategy fans concern about govt’s debt – Gulf Times
6/04 9 Zero Hedge charts showing “Obama’s recovery” – Zero Hedge
6/04 Peter Schiff: The recovery is an ‘illusion’ – CNBC
6/04 Stocks are ‘very vulnerable’ to many investors risks – NewsMax
Precious Metals
6/05 Gold and silver – Friday may have marked a pivotal turnaround – Edge Trader Plus
6/05 FX and oil week ahead: Gold shines as the Greenback gets crushed – Seeking Alpha
6/05 How risky is Royal Gold stock? – Motley Fool
6/05 Gold and silver miners soar on teh heels of weaker employment data – Motley Fool
6/05 Are junor gold stocks following 2008-2009 recovery? – GoldSeek
6/04 China just put a huge floor under the gold market – King World News
6/04 As markets crack, nvestors need to see these two charts – SRSrocco Report
6/04 Is now the time to buy gold? – Time
6/04 Gold mining costs fall in March quarter – S&P Global Market Intelligence
6/03 Gold, gold miners spike after horrid jobs data – Investors
6/03 Physical silver bullion – perfect storm brewing in the market – GoldCore
6/03 The top 9 gold stocks for 2016 – Profit Confidential
6/03 Silver will move the most of all the metals – Daily Coin
6/03 Gold fib lines & silver rounding bottom – 321Gold
6/03 Gold futures surge on payrolls miss – Bloomberg
6/03 “There is something changing in the market” – Financial Survival Network
6/03 CEO hints at massive silver shortage – SHTFplan
6/03 What does backwardation mean for the gold market? – Seeking Alpha
Inflation, Deflation, Currency War, Cryptocurrencies
6/05 Bundesbank lowers German growth & inflation forecasts – RTT News
6/05 EU wants “immunity” for technocrats at Privatization Fund – Keep Talking Greece
6/05 Okay, that was a lousy jobs report. Now what? – Reuters
6/05 Credibility of Brazil’s interim president collapses – The Intercept
6/05 The asymmetry of inflation or the ECB? – Wall St. Pit
6/05 IMF says Venezuela will suffer 750% to 1200% inflation – Economy Watch
6/04 The dollar is in a total war with itself – Real Clear Markets
6/04 Fed, again, left with egg on its face as recovery falters – CNBC
6/03 German 10-year bond yields tumble to lowest in more than a year – Bloomberg
6/03 ‘We want food!’, Venezuelans cry at protest near presidency – Reuters
6/03 Cybercrime isn’t the only reason cash remains king – Reuters
6/03 Bank of France cuts inflation outlook, 2017 GDP forecast – Nasdaq
Real Estate Bubble
6/05 It’s the inequality, stupid. Homes should be lived in, not traded – Guardian
6/03 OECD sees ‘dramatic and destabilising’ end to property boom – AFR
6/03 The “dumb money” is finally buying new homes – Wolf Street
6/03 House prices seen dropping 20-25 pct by 2018 – Ekathimerini
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
6/04 Violent California protests play right into Donald Trump’s hand – Zero Hedge
6/04 Controversial right-winger Marine Le Pen surges in polls – Daily Mail
6/04 Yes or no, Brexit has already changed the UK – Financial Sense
6/04 Anti-Trump riots and the war over liberalism – NY Mag
6/04 Vox editor suspended for encouraging riots at Trump rallies – Fox News
6/04 The French Donald Trump –Huffington Post
6/04 The fat lady always sings twice – Kunstler
6/03 Warren endorsement a missing piece of the campaign puzzle – Boston Globe
6/03 Let Elizabeth Warren lead the Democratic Party – Chicago Tribune
6/03 Trump U documents reveal a strictly regimented scam operation – Salon
6/03 Trump throws tantrum after reporters do their job – CNN
6/03 3 ways Donald Trump’s Hollywood Reporter interview explains his campaign – Vox
6/03 Clinton unloads on ‘fraud’ Donald Trump –Politico
Offshore Investing
6/04 Why I set up an offshore company – International Man
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
Clean Tech
6/04 Did Norway just give Tesla a big win? – CNBC
6/03 That gust from Springfield is sound of Exelon ready to deal – Crain’s
6/02 Shifting economic winds spell trouble for solar giants SolarCity and Sunrun – MIT
6/02 Tesla & Samsung chosen for Australia solar/storage trial – Clean Technica
6/02 SolarCity: here’s why Jim Chanos will eventually be proven right – Bidness
6/02 Wind and solar deliver record year in 2015 – New Economy
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
Art of the Collapse
6/03 Dominic Frisby on Brexit: ‘nothing will ever be possible again’ – wOw
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
6/04 Bonanza for the people-smugglers as 20,000 migrants wait for boats – Daily Mail
6/04 A Russian warning – Club Orlov
6/04 Venezuelan nation guard assault members of the press! – Zero Hedge
6/04 Chance of two-state solution fading, France says – Reuters
6/04 Germany is investigating 180 suspects with Syrian militant links – Reuters
6/04 It’s China vs. the US at sea — and for Beijing, it’s personal – CNBC
6/03 Germany angers Turkey with genocide vote – Mish
6/03 Trump’s immigration raids: how would they work? – CounterPunch
Self-sufficiency, Food Security, Survival
6/04 Salicylic acid has cancer-fighting properties – Kurzweil
6/04 Dietary fiber has biggest influence on successful aging, research reveals – Kurzweil
6/03 Fasting for dummies – Dr Sircus
6/03 David Seaman – time to start the “DeFlame” diet – FSN
6/02 The ultimate urban bug-out bag – Survival Sullivan
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
CyberWar, CyberTerrorism, CyberCrime
6/04 U.S. lawmakers probe Fed cyber breaches, cite ‘serious concerns’ – Reuters
6/04 NY fed first rejected cyber-heist transfers, then moved $81 million – Reuters
6/02 Fed had many cyber breaches in recent years, Reuters reports – Bloomberg
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
Off-Topic But Brilliant/Challenging/Infuriating
6/04 Obama: ‘Muhammad Ali shook up the world’ –Market Watch
6/04 Did the greatest American alive just die? – Automatic Earth
6/04 US announces near-total ban on African elephant ivory trade – Daily Mail
6/04 Facial recognition will soon end your anonymity – Market Watch
6/02 What big pharma doesn’t want you to know about the opioid epidemic – AlterNet
6/02 Space factories and orbiting solar panels could provide all our power – Daily Mail
6/01 Preparing for a beautiful end – Geez
6/01 More than 45 million trapped in modern slavery: study – AFP
Visit: John's Dollar Collapse blog here.
