Courtesy of John Rubino.
Good US jobs report — on the surface. Gold plunges, stocks jump. Oil hovers around $40. Bank of England cuts rates, UK bond yields plunge. European banks have investors running scared. Japan begins new round of stimulus. The Trump campaign may be collapsing. Swiss central bank keeps buying stocks.
Best Of The Web
A global derivatives expert shines the light on systemic risk – Garret Galland
What happens when rampant asset inflation ends? – OfTwoMinds.com
Bernanke’s “enrich-thy-neighbor” doctrine now in “full bloom” – FRA
Impermanence and full-cycle thinking – Hussman Funds
Minsky’s moment – Economist
Weekly commentary: Bubble battles – Credit Bubble Bulletin
Jim Grant is bullish on gold, bearish on Craft – Barron’s
Negative interest rates: necessary evil or symbol of greed? – Telegraph
IMF admits disastrous love affair with the euro – Telegraph
Biggest companies in the S&P 500 use made-up earnings numbers – MarketWatch
This is how independent central banks are – Gold Republic
Why real reform is impossible – OfTwoMinds.com
Plutocracy, then and now – the lesser of two evils – Jesse’s Cafe Americain
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Breaking News
The Economy
8/06 Why the job market is still terrible – Wolf Street
8/06 Kotlikoff 2016–don’t ignore the debt! – David Stockman
8/06 Mind the “GAAP” (or how the game is really ‘rigged’) – Zero Hedge
8/06 BOJ’s massive easing nears turning point – Nikkei Asian Review
8/06 How central bank enabled financialization divided America – David Stockman
8/06 “It’s called financial repression” – FRA
8/06 Janet Yellen: 21st-Century Houdini – Daily Reckoning
8/06 Auto sales plateau in 2016 YTD – David Stockman
8/06 The collapsing consumer could hasten a recession – Sovereign Investor
8/05 German factory orders unexpectedly decline – Mish
8/05 Banks’ equity trading revenues plunge in Q2 – Reuters
8/05 UK interest rate cut is a ‘hammer blow’ for workplace pensions – Guardian
8/05 China banking regulator: evergreen loans of troubled companies – Epoch Times
8/05 For Europe’s elite the party lives on after Brexit – Bloomberg
8/05 US stocks surge, S&P 500 at new intra-day high – CNBC
8/05 “Mystery” buyer revealed – Zero Hedge
Precious Metals
8/06 After 100%+ gains, is it too late to buy gold stocks? – Casey Research
8/06 Silver and gold: how to incorporate precious metals into your portfolio – Seeking Alpha
8/06 Precious metals: uptrend acceleration – 321Gold
8/06 Gold and gold stocks bull analogs – Daily Gold
8/05 It’s more expensive to hold euros than gold – Kitco
8/05 Kirkland Lake Gold reports profitable second quarter – Kitco
8/05 Best countries to store gold – Sprott Money
8/05 Legendary executive Rob McEwen talks about gold mining in golden times – GATA
8/05 Gold extends losses as USD rallies, crude oil sells off – Kitco
8/05 Michael Belkin interview – King World News
8/05 2 reasons to remain bullish on GLD and GDX – Seeking Alpha
8/05 Great Panther Silver reports second quarter 2016 financial results – Yahoo!
8/05 Bullion rally signals return to profit for Iamgold – Bloomberg
8/05 Does gold continue its bull market towards $1500 or crash? – GoldAndOilGuy
8/05 Don’t buy another gold stock until you read this – Casey Research
8/05 Seabridge is turning cash into gold – Streetwise Reports
8/05 The stunning event that has just taken place twice in my lifetime – King World News
8/04 Large silver miner reports first profit in 3 years – SRSrocco Report
8/04 McEwen Mining posts net profit in second quarter – Kitco
8/04 Iamgold Corp. posts 2Q adjusted profit – Kitco
8/04 Gold Resource Corporation reports Q2 net income of $5.6m – Yahoo!
8/04 Investing in gold: Big players put money into the precious metal – CNBC
Inflation, Deflation, Currency War, Cryptocurrencies
8/06 Kuroda rains on super-long bond party for firms as rates surge – Bloomberg
8/06 Kim Dotcom claims revived by Megaupload will run on bitcoin – Fortune
8/06 Bank of England turns to QE on Brexit bust, Rick Rule on gold – RT
8/06 Japansanity… or why Japan’s yen will likely only get stronger – Econimica
8/06 Hyperinflation silliness (times two) – Mish
8/05 Saving the system – GoldMoney
8/05 Cold, hard cash will soon be a distant memory – GoldAndOilGuy
8/05 Hyperinflation defined, explained, and proven: part II – Sprott Money
8/05 Japanese automakers take beating from rising yen – Nikkei Asian Review
8/05 Bank of England shuts the door on a Fed rate hike this year – CNBC
Real Estate Bubble
8/05 This bond sale may save Wall Street’s $566 billion problem – Bloomberg
8/04 In Vancouver, “The deals are collapsing” – Zero Hedge
8/03 Vancouver enacts 15pc property tax – AFR
8/03 D-Day for Australia’s real estate bubble? – Zero Hedge
8/02 Home ownership in England at lowest level in 30 years – Guardian
DollarCollapse Podcasts
7/27 Random violence and political instability: the new normal
7/21 It’s not the event but the response to the event that matters
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
Politics
8/06 Sanders supporters mull ditching Hillary for Jill Stein – RT
8/06 Bernie Sanders tells his supporters to vote for Hillary Clinton – The Week
8/06 Support for Merkel plunges after German terrorist acts – Zero Hedge
8/05 Peak Hillary? – Mish
8/05 The 60-year decay of American politics – Naked Capitalism
8/05 French turn to Le Pen and Front National after terror attacks – BBC
8/05 Who should Bernie voters support now? – Democracy Now
8/05 Libertarian town hall boosts CNN in key ratings race – The Hill
8/05 Clinton with 9 point lead over Trump post-conventions – CNBC
8/05 Can Hillary Clinton give a straight answer on emails? – BBC
8/04 In slap at Trump, some wealthy Republicans campaign for Clinton – Reuters
8/04 Donald Trupm’s campaign might actually implode – New York
8/04 Donald Trump’s strange campaign gets stranger – CNN Politics
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
8/05 Tesla confirms plan to use own inverters for SolarCity installs – PV Tech
8/04 Tesla earnings miss mark – MarketWatch
8/04 Musk declares Tesla free of factory hell with targets intact – Bloombergs
8/04 Apple can now sell power as tech giants boost energy investment – Bloomberg
8/03 Primary proposal could boost solar energy in Florida – The Ledger
8/03 Japan solar power bankruptcies to hit record this year – Economic Times
8/02 Software ate cleantech: now what? – Greentech Media
8/02 Will TeslaSolar still outsource the brain of its solar systems? – Electrek
7/30 World’s largest solar power plant planned for Chernobyl – Electrek
Art of the Collapse
8/02 Homer Simpson: “And that’s how I became a Democrat” – Zero Hedge
7/27 Meanwhile at the DNC – Zero Hedge
7/25 Trump’s acceptance speech – Digg
7/17 Obama’s 11-point response to the French tragedy – Zero Hedge
7/13 Artist’s impression of Hillary’s inauguration – Zero Hedge
War, Civil Unrest, Privacy, Creeping Fascism, Police State
8/06 Japan protests after China vessels sail near disputed islets – Reuters
8/05 Terrorist suspects in Europe got welfare while plotting attacks – WSJ
8/05 Obama says $400 million cash payment to Iran wasn’t ransom – Bloomberg
8/05 Iran is cheating on teh nuclear deal, what now? – Zero Hedge
8/04 The untold story of an epic struggle for justice – New Matilda
8/04 Riots in Rio: police unleash tear gas, rubber bullets – Zero Hedge
Self-sufficiency, Food Security, Survival
8/05 Eating more plant protein associated with lower risk of death – Kurzweil
8/04 Obama just signed a GMO labeling law – Zero Hedge
8/03 The dangers of thinking you’re prepared… if you’re not – Total Wealth
7/31 Owning the asset you can eat – Reluctant Preppers
7/30 Anti-aging – cultivating eternal youth – Dr. Sircus
7/19 Can drinking more water help you lose weight? – Mercola
7/27 Elevated blood sugar sets the stage for cancer growth – Mercola
7/24 Hospital beds & massage tables with biomats – Dr Sircus
CyberWar, CyberTerrorism, CyberCrime
8/03 The Jeep hackers are back to prove car hacking can get much worse – Wired
8/02 Cyber-security skills shortage leaves companies vulnerable – InformationWeek
7/31 NSA hackers target Russian cyber spies – Zero Hedge
7/31 The cyber war is real and we are preparing for it – Tech Portal
7/30 Another “smoking gun” looms as Hillary campaign admits server hacked – Zero Hedge
Off-Topic But Brilliant/Challenging/Infuriating
8/06 Huge haul of slain sea turtles tests Vietnam – National Geographic
8/06 Florida shudders as Zika spread forces Miami shops to close – Bloomberg
8/03 A madman’s parachute-free skydive into a giant net – Wired
8/03 New Navy tech makes it easy to land on a carrier – Wired
8/03 Increase in young adults living at home – Dr. Housing Bubble
8/03 The seemingly ‘unstoppable’ fish flooding Florida’s coast and supermarkets – CNBC
8/02 Texas allows guns in college classrooms under new law – Reuters
8/02 McDonald’s cuts preservatives from McNuggets as part of health kick – Bloomberg
8/01 Driverless cars will change everything – Business Insider
8/01 Harry Potter and the Cursed Child is emotionally devastating – Telegraph
7/31 England’s plastic bag usage drops 85% since 5p charge introduced – Guardian
