Treasury sees $2 trillion in borrowing over the rest of the year … Underground bunker business is booming as world spirals out of control … States pull back on pension payments as virus ravages revenue … It’s now ‘virtually impossible’ to get a bank loan as standards soar … Gold price powers above $2,000; bulls want more …
Best Of The Web
Nick Giambruno: big changes are coming to our monetary system – Casey Research
3 reasons Treasury rates can still hit 0%: part 1 – EPB Macro
Something’s rotten – NorthmanTrader
A glimpse towards November – James Howard Kunstler
When corporations are the government, corporate media is state media – CJ
Are you loving your servitude? – Burning Platform
The consequences of ‘worthless cash’ – Evergreen Gavekal
Precarious world – Doug Noland, Credit Bubble Bulletin
Political legitimacy dies in 2020 – AIER
Universal basic income is not an economic savior – Real Investment Advice
The dethroning of the US dollar – Katusa Research
The grifters, chapter 1 – Kodak – Epsilon Theory
Jim Rickards: anarchy from above – Daily Reckoning
The nation is falling into the abyss between Wall Street and Main Street – CHS
New gold rush pushes price to record highs – NY Times
The markets are sending confounding messages – Real Investment Advice
How Amazon, Facebook, and Google ruin commerce without noticing – Matt Stoller
BREAKING NEWS
The Economy
8/05 US jobless claims rise to 1.4m as crisis total tops 54m – NY Post
8/05 Treasury sees $2 trillion in borrowing over the rest of the year – MarketWatch
8/05 Non-manufacturing PMI remains in expansion territory – Kitco
8/05 Victoria records Australia’s worst day of covid-19 with 15 deaths – Guardian
8/05 United States plans to relocate factories from Asia to Latin America – Panam
8/05 “Lebanon’s year from hell” – 4000 injured after Beirut explosion – Zero Hedge
8/05 Debt rattle August 5 2020 – Automatic Earth
8/05 UConn becomes first FBS team to cancel football season – ESPN
8/05 Underground bunker business is booming as world spirals out of control – TMIN
8/05 States pull back on pension payments as virus ravages revenue – Newsmax
8/05 Australian small businesses beg: we can’t survive another lockdown – ZH
8/05 Dim view of recovery pushes 5-year Treasury yield to record low – Reuters
8/05 Democrats report stimulus bill progress, McConnell would support deal – CNBC
8/05 Interest rates are low, but loans are harder to get. Here’s why – NY Times
Precious Metals
8/05 As good as…? Gold shines again as dollar weakens – Kitco
8/05 Walk through the gold and silver charts to see what to expect – Technical Traders
8/05 Daily briefing: new highs in gold, COTs, and the fiscal cliff – The Street
8/05 Get ready for higher gold prices – Technical Traders
8/05 Gold surges $30: prepare for super surge in junior mining stocks – KWN
8/05 Real rates push gold higher – Craig Hemke – Sprott Money
8/05 Transformative acquisition to fast-track Pilbara production – Novo Resources
8/04 Switzerland gold savings rate 12% – Voima
8/04 Great Bear finds big new deposit, revises model – Great Bear
8/04 Gold mining majors reporting huge profit margins, Robinhooders notice – SA
8/04 Gold soars to near $2,000 on weaker US dollar & covid uncertainty – RT
8/04 Goldman Sachs: gold will hit $2,300 by 2022. What about bitcoin? – CT
8/04 Gold rose for 8 straight weeks: What’s next? – The Street
8/04 Ivan Bebek explains Auryn Resources’ “transformative acquisition” – YouTube
8/04 Real money revenge – Grrr Graphics
8/04 Gold and silver soar in July and the gold mines’ potential – Crottaz
8/04 Inflation and the broad market rally, with Lynette Zang – Market Sanity
8/04 Gold price of almost $3,000/oz needed to claim the record – Forbes
8/03 Gold price recovers after a slight pullback on mfg ISM surprise – Kitco
8/04 Something amazing happened in the silver market – SRSrocco Report
Inflation, Deflation, Cryptos, Currency War
8/05 As dollar slides, investors fret about its status as reserve currency – Reuters
8/05 Future at the Fed? Florida man buys Porsche, Rolexes, with fake checks – ZH
8/04 Rickards and Schiff debate whether or not inflation is here – MS
8/04 The markets post covid and debt monetization – Technical Traders
8/04 Turkish lira overnight swap rates soar to 280 percent in London – Ahaval
8/04 ‘The money story’ told by a father of MMT – Eureka Report
8/04 Bitcoin market cap is now bigger than Intel or Coca-Cola – Coin Telegraph
8/04 Bitcoin surpasses $12,000 then tumbles as volatility returns – Financial Advisor
8/03 Nearly $100m in bitcoin moved to ethereum in July – Yahoo!
8/03 Shorts crushed as dollar surges, euro tumbles in violent trend reversal – ZH
8/03 Dollar on defensive as U.S. recovery story in doubt – Reuters
8/03 As bitcoin price regains momentum, here’s everything you need to know – Kitco
8/03 Why the U.S. dollar slide may be a sign of real danger this time – GATA
8/03 Morgan Stanley: brace for a spike in inflation as congress spends – ZH
8/02 Pensions to be hit as Bank of Ireland charges negative interest on cash – IT
8/02 America’s coin shortage is getting worse – Zero Hedge
8/01 U.S. dollar net shorts soar to highest in nine years – Reuters
8/01 Fitch revises U.S. outlook to negative; affirms AAA rating – Reuters
8/01 US printed more money in one month than in two centuries – Coin Telegraph
8/01 The dollar’s leading rivals all have their own drawbacks – Bloomberg
8/01 It appears investors are losing faith in the U.S. dollar – MunKnee
Real Estate Bubble
8/05 Mortgage rates set another record low, but borrowers take a step back – CNBC
8/04 Wave of evictions expected as moratoriums end in many states – AP
8/04 Colorado Springs home prices soar as pandemic can’t slow market – Gazette
8/04 Sydney, Melbourne house prices tumble through July – SMH
8/02 Flipping seems unaffected by pandemic – Chicago Tribune
8/02 Can Portland’s hot housing market survive pandemic, protests? – SF Gate
8/02 Plano home prices continue their rise year over year as supply dwindles – CI
8/02 Colorado Springs home prices continue to soar despite pandemic – Gazette
8/02 Homeless Millennials: median age of a home buyer is now 47 – Dr. HB
8/02 Retail rents plummet across NYC, a warning for other areas – CNBC
8/02 The worst months for both renters and landlords still lie ahead – Zero Hedge
8/01 The end of housing as we know it – New Republic
8/01 HK home prices rise to 10-month high as buyers defy virus – SCMP
8/01 How to navigate the coronavirus real estate market – NY Times
8/01 What pandemic? Bay Area home prices continue to rise – Mercury
Politics
8/05 MSM bias and commercialism is causing an exodus of respected journalists – RT
8/05 More than 8 in 10 Americans say media is biased, divisive – Federalist
8/05 Trump: DOJ has found ‘breathtaking’ evidence in Russia probe – JTN
8/05 NYT quietly scrubs Chinese propaganda – Free Beacon
8/05 BLM activist Cori Bush tops Missouri Rep. Lacy Clay – NPR
8/05 Sweden’s disastrous no lockdown policy according to Western media – Maalamalama
8/05 How to die of the corona virus – 321Gold
8/05 Seattle protesters sue city for safety gear – Town Hall
8/05 The newest demon in the left’s sights: woke white women – RCP
8/05 Trump under investigation for bank and insurance fraud – The Street
8/05 Trump says TikTok sale can go through but only if the US gets a cut – CNN
8/05 Understanding the gravity of the Russia hoax – American Thinker
8/04 Trump considering executive action to suspend evictions, payroll tax – Hill
8/04 Europeans are waking up to government covid tyranny. Why not us? – Ron Paul
8/04 Yale doctor battles CNN anchor over hydroxychloroquine – Fox
8/04 How white radicals hijacked Portland’s protests – Unherd
8/04 “Blood-chilling” or just a Tweet? Debunking the coup d’Trump – Turley
8/04 Ireland’s national health service urges “phone sex only” during pandemic – ZH
8/04 Silicon Valley is losing the battle against election misinformation – Politico
8/04 Biden VP short-listers jockey as search enters final round – Politico
8/04 Distrust of the Minneapolis police, and the effort to defund them – NY Times
8/04 Kentucky town hires social workers instead of more officers – Wave3
8/04 Minneapolis warns residents ‘prepare’ to be robbed & obey criminals – Summit
8/04 Records of Prince Andrew’s location destroyed by police – Mind Unleashed
8/04 Soros pays McCloskey $116k after prosecutor files charges – Zero Hedge
8/04 BLM uses ‘mafia tactics’ to threaten Cuban restaurant owner for diversity – ZH
8/04 And suddenly your passport is worthless – Sovereign Man
8/04 Fauci: ‘No inconsistency’ in banning church but allowing protests – manual
Clean Tech
8/04 Super-hybrid Dutch wind farm to include floating solar, batteries, hydrogen – GTM
8/04 Lifestyle choices impact how humans age. Same for wind, solar plants – GTM
8/04 Questioning Tesla’s new record-low residential solar pricing – Greentech Media
8/04 Is the world getting close to its first taste of cultured meat? – Smart Brief
8/01 Finless food – Good
8/01 Buy nickel before electric vehicles go mainstream – Casey Research
8/01 Hydrogen fuel cells – the future of clean data centers? – Tech HQ
8/01 Ceres Power tipped as likely winner in fuel cell race – Proactive
8/01 Small crustacean can fragment microplastics in four days – Guardian
Art of the Collapse
8/04 Biden says he can’t wait to find out who he picked for VP – Babylon Bee
8/03 Quarantine won’t be forever, but pandemic humor is timeless – Zocalo
8/01 Store brands which require immediate cancellation – Zero Hedge
7/28 Facebook to break up U.S. government before it becomes too powerful – Onion
7/23 CDC now claiming wearing a mask will make you rich and famous – Onion
7/23 Far-right extremist suggests treating people of all races equally – BB
7/23 How to identify a peaceful protester – Babylon Bee
7/23 Frustrated mayors demand constituents stop paying attention – Oniion
7/23 Heavily armed fans guard statue of Yogi Bear – Onion
7/23 CDC horrified after discovering existence of thousands of public pools – Onion
7/23 How presidential candidates are chosen – AwakenWithJP
7/23 How social distancing rules are made – AwakenWithJP
War, Police State, Creeping Fascism, Privacy
8/05 China’s artificial intelligence surveillance state goes global – Atlantic
8/05 Eyewitness exposes the execution of Palestinian by Israeli soldier – Antiwar
8/05 Your phone is spying on you, generating secret “surveillance scores” – EOTAD
8/04 As federal agents retreat in Portland, protesters go after local police – NY Times
8/03 How the Guardian and New York Times ‘set up’ Julian Assange – Medium
8/03 White House puts TikTok, other Chinese apps on notice – SCMP
8/03 Report finds 250 US collaborations with Chinese military – Epoch Times
8/03 Portland rioters, including ‘press,’ assault police officers – Epoch Times
8/03 Chicago: 33 shot, 9 fatally in weekend violence, including 9-year-old – ABC7
8/02 US seeks to arrest Julian Assange with new extradition request – Sky
8/01 Egypt receives advanced Russian fighter jets over US threat – ZH
8/01 American citizen gunned down in Pakistan courtroom – Zero Hedge
7/30 Armed Minneapolis residents are patrolling their own neighborhoods – DW
7/30 China sets sites on Taiwan after taming Hong Kong – Bloomberg
7/30 Hong Kong students arrested in first action by new national security force – ET
7/30 Oregon agrees to help quell violence in Portland – Epoch Times
7/30 Ecuador’s navy on alert as Chinese fishing fleet approaches Galapagos – ZH
7/28 Seattle police release bodycam footage of riots that left 59 officers injured – ET
7/28 America’s cities are war zones, and it is not going to end in November – TMIN
7/28 America’s war on its own democracy – Asia Times
Self reliance, health, survival
8/04 How to evaluate covid-19 news without freaking out – Scientific American
8/02 The role of metabolic health in better covid-19 outcomes – Mercola
8/02 Big Pharma will be exempt from covid-19 vaccine liability claims – Zero Hedge
8/02 There’s a salmonella outbreak in 48 states linked to backyard poultry – CNN
8/01 Hedonism leads to happiness – UZH
7/31 The spice that prevents fluoride from destroying your brain – GMI
7/28 Three things every kid should learn about debt – Bad Daddy
7/28 Mind-bending medicine: an overview of psychedelic substances – Zero Hedge
7/27 Surviving an earthquake – the ultimate guide – Survival Sullivan
7/25 Love is medicine for fear – Atlantic
7/25 Helping others benefits you – Heathline
7/24 5G radiation linked to coronavirus infection, new study suggests – GMI
7/23 Learning how to control your dreams could help through isolation – IFLS
Cyber-war, Cyber-terrorism, Cyber-crime
8/05 Connected-car cyber-attacks have skyrocketed 99% in the past year – ZH
7/24 More than 1,000 at Twitter had ability to aid hack of accounts – Reuters
7/23 Chilling deepfake shows Nixon delivering different Apollo 11 speech – IFLS
7/23 How the Twitter hackers will (maybe) escape with their bitcoin loot – Fortune
7/23 Chinese consulate in Houston was hotspot for spying, say officials – CNBC
7/23 Twitter says hackers saw messages from 36 accounts – Reuters
Off-Topic
8/04 ‘Parthenon of shipwrecks’: Greece opens its first underwater museum – Euro News
8/02 ‘Apocalyptic’ sky sounds baffle experts – Guardian
8/02 The great climate migration has begun – NY Times
8/01 Gene knockout in a cephalopod species produces see-through babies – IFLS
8/01 Volcanoes, not a comet, likely caused most recent sudden cooling – IFLS
8/01 Chances of societal collapse in next few decades is sky high – IFLS
7/25 Photos: the influenza masks of 1918 – Atlantic
7/25 With covid-19, a seismic quiet like no other – NY Times
7/25 Canada approves “glory holes” for safe sex during pandemic – Zero Hedge
7/25 Pentagon’s U.F.O. unit will make some findings public – NY Times
7/23 For the first time in centuries, the world’s population will soon decline – IFLS
7/23 Astronomers take image of a multi-planet system around sun-like star – IFLS
7/23 Giant sunfish larva identified and it’s ludicrously adorable – IFLS
7/23 Russian expert warns polar bears could be extinct in 20 years – RT