Meltdown

We're In The Eye Of A Global Financial Hurricane

The global financial system is in the eye of an unprecedented hurricane. While central bankers are congratulating themselves on their god-like mastery of Nature, and secretly praying to the idols of the Keynesian Cargo Cult every night, the inevitable consequence of borrowing from the future, the obsession with "growth" at any cost and financialization /monetary stimulus, a.k.a. the rich get richer thanks to central banks is systemic collapse.

Democratic Party Warns Sanders Supporters May "Instigate Actual Violence" At Convention

While Hillary continues to remind everyone that her nomination is a "done deal", supporters of Bernie Sanders refuse to go quietly into the night.  Bernie's supporters put so much pressure on establishment Senator Barbara Boxer that she suffered an unfortunate meltdown in Nevada recently; they plan to do the same at the Democratic National Convention in July as well. As a result, the Nevada State Democratic Party has warned that the demonstrations may be used to instigate "actual violence."

"He's Burning Down The House" - Clinton Campaign Furious At Sanders Insistence On Democracy

"This is the worst case scenario, and the one people feared the most. Unfortunately he's choosing the path of burning down the house. He continues with character attacks against Hillary. He continues with calling the Democratic party corrupt, and he not only risks damaging Hillary Clinton and the Democratic party but he's currently donig it." said a Clinton ally according to The Hill. With almost every national and state poll showing Sen. Sanders doing much, much better than Secretary Clinton against Donald Trump, it is clear that millions of Americans have growing doubts about the Clinton campaign.

Trump Gains Ground On Hillary As Democratic Infighting Takes Its Toll

While all Hillary wants to do (aside from staying out of jail) is rid herself of Bernie Sanders so the campaign can turn its attention to Trump, Sanders doesn't appear to be ready for any of that just yet. According to The Hill, Sanders released a statement Tuesday in response to criticism of his supporters' behavior in Nevada calling the charges "nonsense", adding that the party either needs to embrace "people who are prepared to fight for real economic and social change, or choose to maintain its status quo structure and remain dependent on big-money campaign contributions."

"They Are Scared To Death" - CEO Explains The Single Biggest Reason Why People Are Buying Precious Metals

We can talk about technical charts, supply and demand fundamentals, and price manipulation, all of which point to significant increases in the value of gold and silver for the foreseeable future. But according to Golden Arrow Resources CEO Joseph Grosso, who is credited with the discovery of the largest silver deposit in history, the single biggest reason that retail investors, institutional players and governments around the world are gobbling up physical precious metals, resource stocks and ETF’s at unprecedented levels is that they are scared to death of the state of the global economy and where it will go next...

Traders Stumped By Sudden Flash Crash In Chinese H Shares

Just around 2:14am local time (2am EDT), Asian traders were surprised to observe in the Chinese market something which until recently had been a purely development market phenomenon: a flash crash. A sudden plunge by Chinese stocks in Hong Kong had traders scrambling to find a trigger for the slump that coincided with a surge in futures volumes.

Barbara Boxer Meltdown Exposes Deep Divisions In Democratic Party

"Let's hear it for Hillary Clinton," exclaimed Sen. Barbara Boxer, losing her cool after Bernie Sanders' supporters "bullied" her at the Nevada Democratic convention on Saturday. As BizPacreview reports, Boxer took the Las Vegas stage to raucous boos as her attempt to unify what is obviously as deeply divided a Democratic party as the mainstream would have everyone believe the Republican party is. "I'm for Hillary Clinton and she's for all of us,” she yelled. "Keep on booing and boo yourselves out of this election."

The Endgame

There is a growing fear in financial and monetary circles that there is something deeply wrong with the global economy. Publicly, officials and practitioners alike have become confused by policy failures, and privately, occasionally even downright pessimistic, at a loss to see a statist solution. It is hardly exaggerating to say there is a growing feeling of impending doom. In short, growing evidence of price inflation and stagnant production can be expected to materially increase the risk of a global banking and currency meltdown. The best escape-route is ownership of anything other than purely financial assets and fiat currency deposits. No wonder the price of gold, which is the soundest of moneys, appears to have entered a new bull market.

Satyajit Das Is "Astonished Investors Haven't Raised Pitchforks At Policy-Makers"

"They’re going to have to stop people from taking out cash... I would argue that it’s not going to be able to be dealt with, and it creates enormous social and political pressures… What we’re going to see is a period of financial repression, which is very, very dangerous... I honestly don’t know how it’s going to end. In the 1920s and 1930 when similar pressures built up, it didn’t actually have a very good ending."