Courtesy of John Rubino.
Brexit is slowing world economy, European hedge funds struggling, Italian banks hopeless. More terrorist attacks, the latest with an ax. Stock prices rise world-wide on expectations of helicopter money. Gold drops and interest rates fall modestly. Banks report pretty good earnings, trucking firms and oil companies not so much. GOP convention off to ambiguous start.
Best Of The Web
The world is taking its revenge against elites – Guardian
This ‘market’ discounts nothing except monetary cocaine – David Stockman
Something big happened in the gold market – SRSrocco Report
Put your hope in radical decentralization – Mises Institute
From the levellers to the leavers: a history of revolt – Prospect
Stockman: No, Donald, it’s not a ‘World War’ – Daily Reckoning
No, Donald, it’s not a “world war” – David Stockman
Goodbye Leniin, hello Bernanke – ABC
Deutsche Bank loves helicopter money – Zero Hedge
The rising danger of a bidless market – Peak Prosperity
Weekly commentary: Scary time – Credit Bubble Bulletin
Jim Rickards on criminal banks – Max Keiser
Who’s buying it? – Real Investment Advice
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Breaking News
The Economy
7/20 Corporate debt seen ballooning to $75 trillion – CNBC
7/20 IMF scraps forecast for global-growth pickup on Brexit fallout – GoldCore
7/20 Globalization’s few winners and many losers – OfTwoMinds.com
7/20 Debt rattle – Automatic Earth
7/20 Another bad month for truck shipping – Mish
7/20 Gallup Economic Confidence Index plunges, market near record – My Budget 360
7/20 Student debt helps the economy? – Mish
7/20 IMF admits they fabricated Brexit doom and gloom – Zero Hedge
7/20 The hidden risk to sovereign bonds – Bloomberg
7/20 WARNING: “Black swan” spotted – Daily Reckoning
7/20 Debt impact on central banks, stocks, bonds, and gold – Ciovacco Capital
7/20 CalPERS’ unfunded liabilities grow, investment earnings lag – Fresno Bee
7/20 Richard Maybury: FDR, London & tribal alliances – McAlvany
7/20 Ready to retire? Why you should avoid Kentucky – WCPO
7/20 World facing crisis but experts talking to the fairies – Independent
7/20 China fuels speculation debt-for-equity swaps starting soon – Bloomberg
7/20 China’s local debt double shuffle – David Stockman
7/19 Brexit is slowing world economy — and it could be worse – Washington Post
7/19 These Sicilian mortgages show how difficult it is to rescue Italian banks – Bloomberg
Precious Metals
7/20 Climbing gold and silver’s wall of worry – Money Metals
7/20 Gold – be afraid, be very afraid! – Daily Coin
7/20 Sell gold: the fear is over – Seeking Alpha
7/20 Measuring the gold majors on cost effectiveness, free cash flow – Seeking Alpha
7/20 Silver stocks: Is it time to take some profits? – MunKnee
7/20 Gold bull: a look at my real-life precious metals portfolio – Seeking Alpha
7/20 Gold miners set to relax death grip on spending as caution eases – Bloomberg
7/20 Gold miners decline coming and caution on buying silver coins – Seeking Alpha
7/20 Gold weekly: Folks, don’t buy at this juncture! – Seeking Alpha
7/20 BMG commercial exposes weakness of ‘paper gold’ – GATA
7/20 Why Newmont Mining is Deutsche Bank’s only ‘buy’ – Barron’s
7/20 Which gold mining companies could generate free cash flow? – Market Realist
7/19 Gold & the perpetual bonds era – 321Gold
7/19 Gold weekly: Folks, don’t buy at this juncture! – Seeking Alpha
7/19 Silver – No time to waste, get it now – Daily Coin
7/19 Junior gold/silver mining funds or individual gold/silver mining stocks – Seeking Alpha
7/19 Citigroup’s Willem Buiter says ‘would hold gold’ – Epoch Times
7/19 Gold, Trump and rates: bank that foresaw rally flags $1,500 – Bloomberg
7/19 New CPI numbers reveal investment window for gold – Schiff Gold
7/19 The greatest lie ever told – SilverSeek.com
7/19 After Brexit, ordinary Britons warm to gold as safe haven – GATA
Inflation, Deflation, Currency War, Cryptocurrencies
7/20 To the mattresses: Cash levels highest in nearly 15 years – CNBC
7/20 CIBC sells negative-yield bonds for 1st time – CBC
7/20 Negative rates: we’re gonna need a bigger vault – Sovereign Investor
7/20 Bitcoin is not what you think – Huffington Post
7/19 ECB fast exhausting German bonds for QE buying as yields tumble – Bloomberg
7/19 Why the Fed can’t and shouldn’t raise interest rates – Bloomberg
7/19 Philip Morris profit misses estimates, hurt by strong dollar – Bloomberg
7/19 The No. 1 thing companies are complaining about right now – Yahoo!
7/19 Bloomberg editorial in support of inflation misses the point – Daily Bell
7/19 Why aren’t consumers doing their part? – Forbes
Real Estate Bubble
7/20 Bank earnings: Wall Street is running out of jobs to cut – CNBC
7/20 US housing starts total 1.18M in June vs. 1.17M expected – CNBC
7/19 RBNZ to rein in housing boom with investor lending limits – Bloomberg
7/18 Rate-starved U.S. banks happily gobble mortgage business – Reuters
7/18 It’s not a housing bubble, it’s just expensive – Bloomberg
7/18 Slowing China home price rises add to doubts about economy – Reuters
DollarCollapse Podcasts
7/01 Brexit was just the beginning
6/25 The deeper meaning of Brexit
6/08 Gold Will Soar, Marijuana Will Be Legal
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
Politics
7/20 Mike Pence just destroyed Trump’s chances with Bernie Sanders voters – CNBC
7/20 European-style nationalism poised to unite with Trump’s GOP – Salon
7/20 Dissidents silenced, GOP convention turns attacks on Clinton – Wall St Journal
7/20 Republicans’ convention advertises their weakness – Bloomberg
7/20 Jill Stein, Israel-bashing last Jewish candidate standing – Geab
7/20 2015 flashback: Obama and Clinton on refugees, background checks – Mish
7/19 Likelihood of organized disruption at GOP convention – BATR
7/19 Donald Trump’s ghostwriter tells all – New Yorker
7/19 Dark Three Dog Night of the soul – Salon
7/19 Let the madness begin: All signs point to four days of complete insanity – Salon
7/19 French PM booed in tribute to Nice victims – Mish
7/19 Europe’s impossible refugee math – Mish
7/19 Ex-UKIP leader Nigel Farage to attend RNC – KSAT
Offshore Investing
7/20 Costa Rica: Central America’s hidden gem – Sovereign Investor
7/08 Time to adjust your wealth plan – Mountain Vision
7/08 We pulled the ripcord on daily life and moved to Costa Rica – International Living
7/02 America’s offshore tax cheats are feeling the heat once again – Bloomberg
Clean Tech
7/20 How renewable energy is blowing climate change efforts off course – NY Times
7/20 SolarCity raises $345 million to finance new Solar Projects – Electrek
7/20 Obama makes new push on solar power – Hill
7/20 Plug power surges on second French fuel cell order in a week – Bloomberg
7/20 Solar bill shock looms as lucrative tariffs roll back, advocates warn – MSN
7/19 You’ll never believe how cheap new solar power is – Think Progress
7/19 These 4 solar-power stocks will leave fossil fuels in the dust – MarketWatch
7/19 40% of wind power capacity under cloud – Business Standard
Art of the Collapse
7/17 Obama’s 11-point response to the French tragedy – Zero Hedge
7/13 Artist’s impression of Hillary’s inauguration – Zero Hedge
7/03 Debunking Utopia – Future of Freedom Foundation
6/21 Explore bank bailouts, Cyprus anonymous, and more – Pinterest
6/19 Artist’s impression of the opening ceremony at the Rio Olympics – Zero Hedge
War, Civil Unrest, Privacy, Creeping Fascism, Police State
7/20 German train ax attack puts Merkel migrant policy back in spotlight – Reuters
7/20 Police across US patrolling in pairs after ambush attacks – Big Story
7/20 WikiLeaks will review 300K emails and 500K documents on Turkey coup – Mish
7/20 “I will slaughter you with an axe” – Zero Hedge
7/19 Axe-wielding Afgan refugee shot dead after slashing 14 people – Zero Hedge
7/19 EU official raises possibility of “false flag” – Mish
7/19 Erdogan purges 20,000 as Europe voices concern coup was staged – Zero Hedge
7/19 Baton Rouge shooter was ex-Marine who denied ties to any group – Reuters
Self-sufficiency, Food Security, Survival
7/17 Sticking germy fingers in mouth may give upper hand on health – ARS Technica
7/17 Paying farmers to go organic, even before the crops come in – NY Times
7/17 Obama expected to sign industry-backed GMO label bill into law – Automatic Earth
7/15 U.S. GMO food labeling bill passes Senate – Reuters
7/15 The prepper’s plan – down the rabbit hole – Survival Sullivan
7/12 Farmland becoming more popular amenity than a golf course – MarketWatch
7/12 Importance of diagnosing stress – Dr Sircus
CyberWar, CyberTerrorism, CyberCrime
7/14 China hacked the FDIC – and US officials covered it up, report says – CNN Money
7/12 NATO: ‘New realities’ make internet a potential front line in conflict – ZD Net
7/12 As global feuds arise, expect increased cyberwar, says NATO analyst – Mother Board
7/09 Crooks are winning the ‘cyber arms race’, admit cops – ZD Net
7/09 Chilling doc on Stuxnet and secret cyberwar – Philly
7/09 End-to-end encryption comes to facebook messenger – Wired
Off-Topic But Brilliant/Challenging/Infuriating
7/19 Here’s why there are no ‘good’ or ‘bad’ drugs – not even heroin – Guardian
7/19 Kim Kardashian West’s feud with Taylor Swift just went nuclear – Vanity Fair
7/18 Artificial intelligenc swarms Silicon Valley on wings and wheels – NYT
7/18 Anthony Weiner’s tormented communications director relives her horror – Vanity Fair
7/18 Toxic wheat, GMOs and the precautionary principle – Automatic Earth
7/18 More than half of US adults under age 30 reject capitalism – Most Important News
7/17 Are walkers smarter than drivers? – BBC
7/17 Personal communication from Dr. Sircus – Dr Sircus
7/17 Nintendo just became most traded stock in Japanese history – Zero Hedge
7/17 California fault lines and Yellowstone are shaking like crazy – Most Important News
7/17 Biodiversity is below safe levels across half the world – Guardian
