Courtesy of John Rubino.
OPEC agrees to cut output. Oil jumps, stocks rise, gold falls. The political focus shifts to upcoming Italian, French and Austrian elections, all of which could go against the establishment. India’s war on cash may turn into war on gold. Political class still searching for an explanation (see “Best of the Web”). Trump’s cabinet takes shape, with mostly old and a few new faces.
Best Of The Web
A new look – NYSE margin debt and the market – Financial Sense
The guys from ‘Government Sachs’ – New York Times
This map shows how much debt the world is in – M2
What a professional disinformation campaign looks like – Zero Hedge
Decade of negative real interest rates: who benefited? – Mish
The view from under the bus – Peak Prosperity
The Washington Post: useful-idiot shills for a failed, frantic status quo – OfTwoMinds.com
First Brexit then Trump. Is Italy next for the west’s populist wave? – Guardian
Weekly commentary: Revisiting the global savings glut thesis – Credit Bubble Bulletin
Gold price skyrockets in India after currency ban – part III – Acting Man
Why the polls got it wrong: deliberate versus accidental survey bias – Financial Sense
Did Trump just accidentally kill the golden goose? – MATA SII
As exciting as the 1930s – Credit Bubble Bulletin
—————————————————————–
Breaking News
The Economy
12/02 Italian banks flirt with disaster again as Renzi teeters – Bloomberg
12/02 Multiple jobholders hit new all time high, part-time jobs soar – Zero Hedge
12/02 Americans not in the labor force soar to record 95.1 million – Zero Hedge
12/02 Why Italy’s referendum carries risks for the entire EU – Financial Sense
12/02 Is the student loan bubble getting ready to pop? – Financial Sense
12/02 December 4th: “most violent economic shock in history”? – Zero Hedge
12/02 World’s growing inequality is ‘ticking time bomb’: Nobel laureate Yunus – CNBC
12/02 Payrolls in US rise; jobless rate falls to 4.6% – Bloomberg
12/02 Money pouring out of bond funds – Reuters
12/02 Yields extend surge as oil, Trump boost inflation bets – Reuters
12/02 Chipmakers tumble most since June on report Apple cut orders – Bloomberg
12/02 Dallas mayor demands halt of pension withdrawals – Zero Hedge
12/01 Factory activity improved in November, ISM data show – MarketWatch
12/01 10-year Treasury yield hits fresh 17-month high – MarketWatch
Precious Metals
12/02 Gold and silver will protect from coming financial crash – GoldCore
12/02 Credit cycles and gold – GoldMoney
12/02 India: No limit on holding gold if it matches income declaration – GATA
12/02 Better buy: Royal Gold, Inc. vs. Barrick Gold Corp. – Fox Business
12/02 Gold prices log worst monthly loss since June 2013 – MarketWatch
12/02 Osisko Gold Royalties tracks gold – 321Gold
12/02 Indian ‘gold ban’ a portent of major events? – Sprott
12/02 Silver prices & interest rates – Deviant Investor
12/02 Goodbye, gold: here’s why the rally is over – Daily Reckoning
12/02 Michael Oliver suspects, Paul Roberts denounces gold market rigging – GATA
12/01 China curbs gold imports to slow capital flight – Zero Hedge
12/01 This chart says $95.14 an ounce silver could be possible – Lombardi Letter
12/01 This 1 factor could send gold prices soaring in 2017 – Lombardi Letter
12/01 Here’s why silver prices could soar to $50 an ounce – Lombardi Letter
12/01 Rick Rule on the future of the junior resource market – Investing News
12/01 The collapse of paper assets – Sovereign Investor
12/01 The prospects for gold as Trump’s agenda kicks in – Seeking Alpha
12/01 Precious metals supply/demand report – Seeking Alpha
12/01 Silver prices & interest rates – GoldAndLiberty
12/01 COT report getting much more positive for gold bulls – Seeking Alpha
Inflation, Deflation, Currency War, Cryptocurrencies
12/02 QE infinity eyed in Europe if Renzi loses crucial Italian referendum – CNBC
12/02 Why a strengthening dollar is bad for the world economy – Economist
12/02 Here’s how the war on cash threatens you – Lombardi Letter
12/02 This 1 factor could send euro well below parity – Lombardi Letter
12/02 Not everyone wins from making the dollar great again – Reuters
12/02 The Italian referendum may crash gold and the euro – Seeking Alpha
12/02 Blockchain technology – what is it and how will it change your life? – GoldCore
12/02 Cashless world: 1 out of 3 people never use cash – Daily Coin
12/02 Bitcoin might be a better investment than gold – Seeking Alpha
12/02 Largest US bitcoin exchange to disclose 3 years of user data – Zero Hedge
Real Estate Bubble
12/02 Will real estate tank in 2017? – Financial Sense
12/01 ‘Classic Ponzi scheme’: Sydney house prices cost 12x the annual income – SMH
12/01 Manhattan homeowners are looking for 40% returns – Bloomberg
12/01 Pending home sales index dives to 0.1%: what’s coming up? – Mish
11/30 The property bubble ‘the most important macro issue in China’ – Business Insider
DollarCollapse Podcasts
12/01 All Eyes On Italy
11/04 Instability on the horizon
10/04 European banks in the eye of the storm
9/13 Markets explain facts of life to Fed
8/16 A tough time to manage money
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
Politics
12/02 Trump exults in victory and mocks critics at Cincinnati rally – Bloomberg
12/02 Referendums, elections and banking crisis to test Europe in next year – NZ Herald
12/02 It’s time to face facts: Pandora’s Box is open and Europe is finished – City AM
12/02 François Fillon’s nomination was the worst case scenario for Marine Le Pen – LSE
12/02 Hedge fund manager ‘takes glee’ in how Trump conned his voters – Daily Kos
12/02 A world of trouble for Donald Trump – New York Times
12/02 Time to say goodbye… – Burning Platform
12/02 Newsweek admits they didn’t write or read “Madam President” issue – Zero Hedge
12/01 Pennsylvania judge blocks recount petitions – Zero Hedge
12/01 “Shell-shocked” Democrat donors concerned at rudderless DNC – Zero Hedge
12/01 Six narratives on the ascendancy of Trump – Charles Hugh Smith
12/01 Hillary Clinton also wanted to jail flag burners – The Week
12/01 Fed helped elect Trump; tale of two job markets – Mish
12/01 State senator wants to charge protesters as ‘economic terrorists’ – Anti Media
11/30 Much more than constitutional reform at stake in Italian ballot – Reuters
11/30 ‘Washington Post’ ‘Blacklist’ story shameful and disgusting – Rolling Stone
11/30 White Christian anger will rise no matter election results – Express.co.uk
11/30 In Paris, worries that Trump will embolden Le Pen – New York Times
11/30 How one French town shifted unabashed to Marine Le Pen – Local
Offshore Investing
11/29 The end of FATCA? – Nestmann
10/28 Social mood is changing – prepare your offshore nest egg – Mountain Vision
10/07 Panama Papers? Try UNITED STATES Papers? – Mountain Vision
9/14 4 totally legal reasons to use an offshore structure – Nestmann
Clean Tech
12/02 Sun setting on Japan’s solar energy boom – Indian Express
12/02 India has built the world’s largest solar power plant – Next Web
12/01 China to spend over $100 billion on wind power – Indian Express
11/31 Wind surges to nearly 15 percent of Texas power supply – Greentech Media
12/01 Large wind-solar hybrids identified as the way forward – Wind Power Monthly
11/30 Experts forecast giant 11MW offshore wind turbines by 2030 – Ars Technica
11/29 Donald Trump’s game of whack-a-mole on energy and climate – Greentech Media
Art of the Collapse
12/02 “Strike three” – Zero Hedge
11/22 10 victorious Hillary Clinton illustrations that could have been – GQ
War, Civil Unrest, Privacy, Creeping Fascism, Police State
12/01 Culture, economy and war. The pillars of the new world order – Strategic Culture
12/01 Think Trump’s scary now? Obama is leaving him with broad war powers – FFF
11/30 Intelligence experts urge Obama to end Snowden’s ‘untenable exile’ – Guardian
11/30 German intelligence officer “arrested in Islamist plot” – Zero Hedge
11/29 Assad on verge of biggest victory since start of Syrian war – Zero Hedge
11/29 Trump: Burn the flag, go to jail – CNN
11/29 Wikileaks releases half a million diplomatic cables – Zero Hedge
11/29 Donald Trump’s surveillance state – FFF
11/29 Somali student identified as suspect in Ohio State attack – MarketWatch
11/28 Ohio State reports ‘active shooter’ on Columbus campus – USA Today
Self-sufficiency, Food Security, Survival
12/02 Blue LEDs light up your brain – Mercola
12/02 How sunlight affects your mental health – Mercola
12/02 How to stay warm without electricity – Survival Sullivan
12/01 Is your employer using your 401(k) to rip you off? – CNBC
12/01 How Lingzhi mushrooms combat aging, disease and cancer – Dr. Sircus
11/30 What to do when you’re lost – Survival Sullivan
11/27 King of nothing – AOTH
11/25 Retirement pitfalls and how to plan for a recession – Financial Sense
CyberWar, CyberTerrorism, CyberCrime
12/02 Russia says foreign spy agencies preparing cyberattacks on banks – Bloomberg
12/02 Fraudsters target Christmas shoppers in cyberwar – Mirror.co.uk
12/01 “Destructive Iranian hackers” “wreak havoc” with Saudi computers – ZH
Off-Topic But Brilliant/Challenging/Infuriating
12/02 This ridiculous drone gun can shoot down UAVs from 2km away – Wired
12/02 This is why Americans are overweight and broke – MarketWatch
12/01 Climate change will stir ‘unimaginable’ refugee crisis – Guardian
11/30 Google’s hand-fed AI now gives answers, not just search results – Wired
11/29 Biggest ever coral die-off on Australia’s Great Barrier Reef – Reuters
11/29 West Antarctic ice shelf breaking up from the inside out – AGU
11/28 Google’s instantaneous translation breakthrough – Kurzweil
11/28 Tech searches for fountain of youth – CNBC
11/27 Word of the year 2016 is… – Oxford Dictionaries
11/27 Military veterans seek new role in S. Africa poaching war – Yahoo!
11/25 Arctic ice melt could trigger uncontrollable climate change at global level – Guardian
