Courtesy of John Rubino.
Oil price jumps on rumors of output cap. Stocks, gold and silver mostly unchanged. China trade data disappoints. US debt now has negative yield for foreign investors. Most Americans worse off today than in 2005. More good earnings reports from precious metals miners. A major bitcoin hack throws crypto-currency world into turmoil. The Trump campaign may be collapsing.
Best Of The Web
Priced out of the ‘open society’ – SAXO Group
Updating government finance quasi-capitalism – Credit Bubble Bulletin
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
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Breaking News
The Economy
8/08 Bond market’s big illusion revealed as US yields turn negative – Bloomberg
8/08 Disappointing China July imports suggest cooling domestic demand – Yahoo!
8/08 Shrinking imports and exports – David Stockman
8/08 Oil rises 2% on fresh calls for production freeze – CNBC
8/08 Irish banks most vulnerable in stress tests – GoldCore
8/08 BLS railroad tracks epitomize rigged US economic data & markets – David Stockman
8/08 Earnings beats are concealing bad results – MarketWatch
8/08 We’re in a low-growth world. How did we get there? – New York Times
8/08 Musical chairs – International Man
8/08 McKinsey study shows 81% of US worse off than in 2005 – Mish
8/08 Globalization and its new discontents – Project Syndicate
8/08 Markets may soon face “jump conditions.” Here’s why – MunKnee
8/08 Bond market compromised by central bank buying – Talk Markets
8/08 95 million Americans not in the labor force – My Budget 360
8/08 UK consumer spending picks up in July, bucking signs of slowdown – Reuters
8/07 Majority of countries have increased debt bubbles – City Wire Selector
Precious Metals
8/08 Somehow the case for gold makes it into the Financial Times – GATA
8/08 Great Panther Silver’s Q2 2016 results – Seeking Alpha
8/08 Gold is running out of steam – Seeking Alpha
8/08 Shanghai Gold Exchange withdrawals slump nearly 60% in July – Smaulgld
8/08 Great Panther Silver – You get more than what you see – Seeking Alpha
8/08 TD Bank has shifted to ‘maximum overweight’ in gold for its portfolios – MunKnee
8/08 How to stack the odds in your favor with gold stocks – Casey Research
8/08 One secret gold trading trick to easy profits – GoldAndGoldGuy
8/08 US jobs data a gut check for gold bulls – CNBC
8/08 ‘Nuclear winter’ in China’s gold sector – Forbes
8/08 When does gold do well? – Mish
8/08 Top silver mining CEO makes a remarkable price forecast – Seeking Alpha
8/08 BullionStar’s analysis on gold export to China confirmed – BullionStar.com
8/07 The case for silver in 2016 – Daily Bell
8/07 Is Great Panther Silver a buy following Q2 results? – Seeking Alpha
8/07 Fortuna poised to halt cash burn as it expands into silver rally – Bloomberg
8/07 Gold and silver – charts only – Edge Trader Plus
8/07 Stocks will have a ‘waterfall decline’ in August – GoldAndOilGuy
8/07 What the gold market is telling us – MSN
8/06 Gold stocks’ autumn rally – 24hGold
8/06 Doug Casey on gold stocks – Casey Research
8/06 The simple reason that gold is an “unabashedly strong buy” – Birch Gold
Inflation, Deflation, Currency War, Cryptocurrencies
8/08 The seven-year short – Bloomberg
8/08 China’s great river of steel swells as trade tensions build – Bloomberg
8/08 Theft and mayhem in the bitcoin world – Forbes
8/08 Bitcoin’s latest economic problem – market ouvert or squatters’ rights – Forbes
8/07 Is inflation bubbling below the surface? – Nasdaq
8/07 Why Japan’s yen will likely only get stronger – Seeking Alpha
8/06 Dollar strikes back as jobs data revive fading divergence trade – Bloomberg
8/06 Hacked bitcoin exchange says users may share $68 million loss – GATA
8/06 Want to avoid recession? Then shower UK households with cash – Guardian
8/06 Kuroda rains on super-long bond party for firms as rates surge – Bloomberg
Real Estate Bubble
8/08 Frozen loans trigger Australian property funding crisis – AFR
8/07 Is CMBS the next “shoe to drop”? – Zero Hedge
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
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
8/08 Trump is ‘chagrined’ and realizes his campaign is in trouble – CNBC
8/08 How a hairdresser’s lawsuit could spell trouble for Brexit – Bloomberg
8/08 Why Clinton can thank Trump for her polling bump – Washington Post
8/08 As Trump incites feuds, other GOP candidates flee his shadow – NY Times
8/08 TGOP congressman says he’ll vote for Libertarian ticket over Trump – Fox News
8/08 How Trump created the worst week any candidate’s ever had – Huffington Post
8/08 Can John McCain survive Donald Trump’s White House bid? – NBC News
8/08 Trump’s new economic dream team a nightmare for Hillary – Western Journalism
8/08 Some Bernie Sanders supporters finding a new home within the Green Party – NPR
8/07 Reuters baffled as Clinton’s lead over Trump suddenly evaporates – Zero Hedge
8/07 Trump’s poll numbers are so bad his supporters are making up new ones – Vox
8/07 Former CIA chief smacks down Trump in Clinton endorsement – Huffington Post
8/07 Donald Trump and the fitness threshold – Washington Post
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
8/08 World’s largest carbon producers face landmark human rights case – Guardian
8/08 California’s rise in solar and wind electricity – Forbes
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
Art of the Collapse
8/08 Greed corrupts in thrilling ‘Junk’ – San Diego Union-Tribune
8/08 Trump to replace Constitution with the Ferengi Rules of Acquisition – News Thump
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
War, Civil Unrest, Privacy, Creeping Fascism, Police State
8/08 Japan urges China not to escalate East China Sea tension – Reuters
8/08 Suicide bomber kills at least 70 at Pakistan hospital – Reuters
8/08 Obama expands the ISIS bombing campaign to a 4th country – Nation
8/08 First Sept 11, now Saudi Arabia linked to German terrorist attacks – Zero Hedge
8/08 The price of access – The Intercept
8/08 Terrorism fears up stakes for tourism as Europe travel falls ‘off a cliff’ – CNBC
Self-sufficiency, Food Security, Survival
8/08 No, exercise does not wipe out previous memories – Kurzweil
8/08 Feed your family on zero acres – Reluctant Preppers
8/07 How to protect your financial apps from getting hacked – CNBC
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
CyberWar, CyberTerrorism, CyberCrime
8/08 Is cyberwar turning otu to be very different from what we thought? – Politico
8/07 If two countries waged cyber war on each another, what to expect – EconoTimes
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
Off-Topic But Brilliant/Challenging/Infuriating
8/08 If flossing is out, prepare for a lot of bad breath – MarketWatch
8/08 Humpback whales are mysteriously rescuing animals from orcas – MNN
8/07 Washington Post will use robots to write stories about the Rio Olympics – Recode
8/07 The average Americans’ weight change since the 1980s is startling – CBS
8/07 Singapore unveils “real” self-driving taxis – Mish
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
