Courtesy of John Rubino.
The ECB ramps up QE, the euro plunges, euro-bond yields rise. Italian government begins bailing out banks. US stocks jump to record highs, gold gives back yesterday’s gains. 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 extends to war on gold.
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
12/08 Draghi says $2.4 trillion stimulus may not be enough for ECB – Bloomberg
12/08 China’s banks are hiding more than $2 trillion in loans – Wall Street Journal
12/08 The great middle class revolt gets bigger – SafeHaven
12/08 Monte Paschi seeks ECB reprieve as it tries to avoid bailout – Bloomberg
12/08 Trump bull market bounty tops $1 trillion as bear case mutes – Bloomberg
12/08 Wall street’s calling the sheep to the slaughter — again – Daily Reckoning
12/08 Strike against austerity before budget vote, bailout review – Ekathimerini
12/08 The EU meltdown – Sovereign Investor
12/08 How to counter doomsters who say China has too much debt – SCMP
12/08 Mishcast of Nowcast, GDPNow for December 9, 2016 – Mish
12/08 Jim Rickards on the road to ruin – Dominic Frisby
12/08 3 signs a 2017 market crash could be coming – Money Morning
12/08 Investing in a negative interest rate world – PIMCO
12/08 Spotted: bad omen for stocks – Daily Reckoning
12/08 Economic growth in the United States: A tale of two countries – Equitable Growth
Precious Metals
12/08 Euro slides with bonds on ECB stimulus signal; U.S. stocks mixed – Bloomberg
12/08 Confusion reigns in markets as ECB QE changes spark wild swings – Bloomberg
12/08 India outflow: Deutsche Bank says you ain’t seen nothing yet – Bloomberg
12/08 Deutsche Bank provides “smoking gun” proof of rigging silver market – Zero Hedge
12/08 India confiscates gold, jewelry in raids on hidden money – Mish
12/08 UK failed to measure huge imports of gold after Brexit vote – GATA
12/08 The currency crisis in India Seeking Alpha predicted is here – Schiff Gold
12/08 Precious metals insurance against reckless monetary policies – Gold And Liberty
12/08 Why do some nations hold more gold? – GATA
12/08 Gold in London and Hong Kong is used to settle Comex futures – GATA
12/08 The gold standard vs. the PhD standard – Forbes
12/08 Top 10 gold stocks for 2017 – Seeking Alpha
12/08 Top 5 silver stocks for 2017 – Seeking Alpha
12/08 India confiscates gold, even jewelry, in raids on hidden money – Zero Hedge
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
Inflation, Deflation, Currency War, Cryptocurrencies
12/08 Capital flight intensifies, US Treasury reserves plunge – Mish
12/08 San Antonio now has a virtual currency bitcoin ATM network – Biz Journals
12/08 The secret meeting that accelerated the war on cash – Casey Research
12/08 Inflation: blowing up the dollar – Sovereign Investor
12/08 Why inflation is coming back – Forbes
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
Real Estate Bubble
12/08 AAA grades return for securities backed by riskier mortgages – Bloomberg
12/08 Chinese driven Vancouver housing bubble moves to Seattle – Zero Hedge
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
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
12/08 Michigan presidential ballot recount ended by court ruling – Bloomberg
12/08 Washington Post appends “Russian propaganda fake news” story – Zero Hedge
12/08 ‘Populism vs. globalism’ – a meme that doesn’t exist in reality – Daily Bell
12/08 Florida recount next? – Inquisitr
12/08 Who’s behind PropOrNot’s blacklist of news websites – Wall St. On Parade
12/08 Washington Post appends “russian propaganda fake news” story – Zero Hedge
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
Offshore Investing
12/08 5 tips on how to protect your wealth offshore the right way – Mountain Vision
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
Clean Tech
12/08 Solar power actually made global warming worse – Daily Caller
12/08 New study says solar panels have repaid their fossil fuel debt – TreeHugger
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
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
12/08 The Russian app that has destroyed privacy forever – Bloomberg
12/08 More monitoring, less speech – The Crimson
12/08 Assad on verge of victory, Syrian rebels request a ceasefire – Zero Hedge
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
Self-sufficiency, Food Security, Survival
12/08 How to get out of handcuffs and other restraints – Survival Sullivan
12/08 Grow food all year in your home with heat storing greenhouse – David Wolfe
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
CyberWar, CyberTerrorism, CyberCrime
12/08 Who are the NSA’s elite hackers? – Vice
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
Off-Topic But Brilliant/Challenging/Infuriating
12/08 Giraffes facing ‘silent extinction’ as population plunges – BBC
12/08 Greenland’s ice-free past exposes sea level rise danger – Yahoo!
12/08 Japan to increase loan to Fukushima operator Tepco to $123 billion – Reuters
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
