Courtesy of John Rubino
Renzi loses Italian vote, government begins bailing out banks. US stocks at record highs, gold rising. Signs of stress abound, including state and local pensions, auto sales, restaurant receipts. Incoming Treasury secretary hints at introducing 100-year Treasury bonds. 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
Our “gaslight” financial system – Charles Hugh Smith
Cycles – anti-globalization & the end of the debt super cycle – MATA SII
Trump, bonds, peripheries, China and Italy – Credit Bubble Bulletin
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
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Breaking News
The Economy
12/07 Italy preparing to take controlling stake in Monte dei Paschi – Reuters
12/07 100-year Treasuries under Steven Mnuchin? – Empire State News
12/07 Restaurant traffic suffers first decline in five years – MarketWatch
12/07 Could auto loan delinquency trigger economic collapse? – Lombardi Letter
12/07 Middle East oil exports lower than 40 years ago – SRSrocco Report
12/07 Bonds: 90% of you are herding – Talk Markets
12/07 Dallas mayor to block withdrawals from “insolvent” police pension – Zero Hedge
12/07 A dire warning from an insider – King World News
12/06 US productivity growth rebounds sharply to 2-year best – CNBC
12/06 U.S. factory orders post biggest gain in nearly 1-1/2 years – Reuters
12/06 Could Matteo Renzi’s exit lead to an Italian bank rescue? – Guardian
12/06 World facing first ‘lost decade’ since 1860s – Bloomberg
12/06 How Italy became this century’s ‘sick man of Europe’ – Guardian
12/06 Red is the new green – Investment Outlook
12/06 Market rigging strives to save disintegrating Europe – GATA
Precious Metals
12/07 Major royalty companies are good buys now – Gold Report
12/07 Gold appetite hit a 5-year high in November as prices tumbled – MarketWatch
12/07 The #1 precious metal play for 2017 – Lombardi Letter
12/07 3 factors why ABX stock could soar as gold prices rise – Lombardi Letter
12/06 Gold demand: grand slam for Islam – 321Gold
12/06 Here’s what oil did the last time OPEC cut production – Seeking Alpha
12/06 Shariah Gold Standard approved for $2 trillion Islamic finance market – GoldCore
12/06 Bitcoin: large market cap, low volatility – Coin Telegraph
12/06 Trump sets the stage for a huge gold rally in 2017 – PR Newswire
12/06 Russia’s increase in buying gold – Seeking Alpha
12/06 Gold prices expected to move up with Sharia Law revisions – Schiff Gold
12/06 Market insights from a gold fund manager – Capitalist Exploits
12/06 The truth about classic inflation hedges is changing — again – CNBC
12/06 An important pattern gold investors should look for – Seeking Alpha
12/06 Who needs real metal if paper will do? – GATA
12/06 Reflections on the election – USA Gold
12/05 Gold sell-off resumes on Italian vote rethink – Daily Fx
12/05 China gold premiums near 3-year high – GATA
12/05 Koos Jansen: Debunking GFMS’ gold demand statistics – GATA
12/05 Gold: a perfect storm? – Seeking Alpha
Inflation, Deflation, Currency War, Cryptocurrencies
12/07 The worst thing to happen to the U.S. dollar since 1913 – Casey Research
12/07 Aussie dollar slides after economy contracts – Bloomberg
12/07 U.S. Federal Reserve’s paper on Bitcoin’s blockchain technology – Bitcoinist
12/07 Bitcoin purchases in Mexico grow – Coin Telegraph
12/07 Here’s why prices could spike in U.S. economy – Lombardi Letter
12/07 Italy and markets – currency market intervention? – Seeking Alpha
12/06 Brazil’s reform plan in disarray after Senate chief removed – Bloomberg
12/06 Venezuela to introduce bigger bills amid soaring inflation – DW
12/06 Market bears smell blood as China scrambles to plug capital outflows – Daily Mail
12/06 Trump accuses China of currency manipulation – Hindustan Times
Real Estate Bubble
12/07 Dramatic impact of surging rates on housing and refis – Talk Markets
12/07 NYC’s tallest luxury tower is discounting condos by millions – Bloomberg
12/05 Vancouver housing tax pushes Chinese to $1 million Seattle homes – Bloomberg
12/05 Buying a house today will not be ruinous – MunKnee
12/04 Market response to higher interest rates will be negative – Housing Wire
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
12/07 Meet Italy’s Donald Trump – CNN
12/07 The Philly recount is done, and it didn’t help Hillary much – Billy Penn
12/06 Michigan recount expands, Pennsylvania awaits federal ruling – ABC News
12/06 In “astonishing u-turn” Merkel pledges to ban burka – Zero Hedge
12/06 Trump’s looming showdown with the ‘secret government’ – Boston Globe
12/06 Anti-immigrant, anti-euro populists gain ground in Italy – WaPo
12/06 The deepening Deep State – Kunstler
12/06 Don’t assume Western democracy will last forever – Guardian
12/06 Everything you need to know about Italy’s Five Star movement – Bloomberg
12/05 “Fake news” site threatens Washington Post with defamation suit – Zero Hedge
12/05 Renzi’s Italy referendum loss heightens tensions in euro zone politics – CNBC
12/05 Never-Trump Senate Republicans grapple with his upset victory – Bloomberg
12/05 Judge orders immediate start of Michigan recount – Freep
12/05 Smear campaign against Keith Ellison reveals much about Washington – Intercept
12/05 Concisely: why the democrats lost, and will keep losing – Jesse’s Cafe Americain
12/05 Donald Trump keeps confirming fears about his diplomatic skills – WaPo
12/05 France’s Left starts fightback after Hollande bows out of presidential race – Trust
12/05 Renzi defeat won’t break the euro, but Le Pen victory will – Telegraph
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
12/07 China leads the world in solar power installations – CIO
12/06 Renewable energy polls extremely well among Trump voters – Greentech Media
12/05 Land of the rising sun turns its back on solar energy – Taipei Times
12/04 TerraForm Power, Global forecast continued losses in 2016 – PV Magazine
12/03 Energy may be ripe for the sharing economy, thanks to bitcoin – AEE
12/03 Nation’s largest solar installer to open Florida facility – Penn Energy
12/02 Sun setting on Japan’s solar energy boom – Indian Express
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
12/07 UK bans end-to-end encryption – Coin Telegraph
12/07 Ambush shootings of police officers highest in decades – The Trace
12/06 Russia remains only target country of Nato’s nuclear weapons – Zero Hedge
12/06 Trump advisors aim to privatize oil-rich Indian reservations – Reuters
12/06 When the Washington Post ran the CIA’s propaganda network – Counterpunch
12/06 Internet censorship in US and Europe is coordinated – Daily Bell
12/05 U.S. reshaping budget to account for Russian military threat – Reuters
12/05 Trump takes on China in Tweets on currency, South China Sea – Bloomberg
12/04 Why what you read about the wars in Syria, Iraq could be wrong – Independent
12/04 Why U.S. ‘news’ media shouldn’t be trusted – Strategic Culture
Self-sufficiency, Food Security, Survival
12/07 Pete & Gerry’s cage-free eggs a hit; small farmers can take note – MarketWatch
12/06 Bivy bags – Survival Sullivan
12/04 8 steps to securing online privacy – Sovereign Investor
12/04 Ironically, less cushion in your running shoes may mean fewer injuries – Mercola
12/04 Breathe, exhale and repeat: the benefits of controlled breathing – Mercola
12/04 How to raise sheep – Survival Sullivan
12/03 Millennials are gonna pay big – Sovereign Investor
12/02 Blue LEDs light up your brain – Mercola
CyberWar, CyberTerrorism, CyberCrime
12/06 The history of Stuxnet: the world’s first true cyberweapon – Vice
12/04 Stratfor looks back at 2016, the breakout year for cybercrime – Fabius Maximus
12/04 MAD concept of deterrence doesn’t apply in world of cyber war – eWeek
Off-Topic But Brilliant/Challenging/Infuriating
12/06 United States is turning into a factory farm for China – Mercola
12/06 Google’s satellite timelapses show the inconvenient truth about our planet – Guardian
12/05 Fear mongering planet Nibiru collision in 2017 – Daily Bell
12/04 How big banks are putting rain forests in peril – New York Times
12/03 Are aliens draining solar energy from the sun? – Mirror.co.uk
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
