The only “growth” we’re experiencing are the financial cancers of systemic risk and financialization’s soaring wealth/income inequality.

The Keynesian god of growth has failed.

The Keynesian god of borrowing from the future to fund today’s consumption has failed.

The Keynesian god of monetary stimulus / financialization has failed.

Every major central bank and state worships these Keynesian idols:

…continue reading HERE

related: A Crisis Unlike We Have Seen In Human History

“Short term sentiment is very negative. We’re told that the traders on the floor of the NYSE are skeptical of the rally. That is very bullish. Also, the CBOE Put call ratio is pretty high. More on that in the chart below”

Todd Market Forecast for Thursday May 26, 2016

Available Mon- Friday after 6:00 P.M. Eastern, 3:00 Pacific.

DOW – 23 on 50 net advances

NASDAQ COMP + 7 on 300 net declines

SHORT TERM TREND Bullish

INTERMEDIATE TERM TREND Bearish

STOCKS: Today was a consolidation day after two sharp up sessions. Currently, the S&P 500 is overbought and in a resistance zone.

But, short term sentiment is very negative. We’re told that the traders on the floor of the NYSE are skeptical of the rally. That is very bullish. Also, the CBOE Put call ratio is pretty high. More on that in the chart below.

GOLD: Gold was down $4. Today, even though the dollar and rates were down, there was an expectation for higher rates because of the aforementioned “good” economic news.

CHART: The 20 day moving average of the CBOE put call ratio is above 1.08. This tends to be bullish.  

BOTTOM LINE:  (Trading)

Our intermediate term system is on a sell.

System 7 We are in cash. Stay there for now.

System 8 We are in cash. Stay there.

News and fundamentals: Durable goods orders were up 3.4%, better than the expected rise of 0.3%. Jobless claims were 268,000 less than the consensus 275,000. Pending home sales rose 5.1%, better than the anticipated 0.8%. On Friday we’ll get the first revision of GDP and Janet Yellen speaks (again).

Interesting Stuff: Happy Birthday Dow Jones Industrials. It was started on this date in 1896 with 12 companies, none of which are included today. Interesting that it was down 30% by August, due to political uncertainty revolving around the possible election of William Jennings Bryan who campaigned against the gold standard.

TORONTO EXCHAN GE: Toronto was up 116.

BONDS: Bonds were lower.

THE REST: The dollar fell back. Silver was marginally higher. Crude oil was higher again.

Bonds –Bearish as of May 18.

U.S. dollar – Bullish as of May 13.

Euro — Bearish as of May 13.

Gold —-Bearish as of May 9.

Silver—- Bearish as of May 9.

Crude oil —- Bullish from May 24.

Toronto Stock Exchange—- Bullish from January 22.

We are on a long term buy signal for the markets of the U.S., Canada, Britain, Germany and France.   

related: Yet ANOTHER Billionaire Warns About Coming Chaos … Maybe There’s Something to This Trend?

“How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something is very, very wrong?” “The G-20 central planners have scheduled an “emergency” meeting for summer 2016.”

A Crisis Unlike We Have Seen In Human History

May 19, 2016

I sat down with John Rubino of Dollar Collapse to discuss the current state of our economic world. In a very lively conversation, we hit some of the more pressing items of the day. John has done a fantastic job of documenting the demise of the dollar since he co-authored ” The Collapse of the Dollar” with James Turk back in 2004. John’s insights and analysis are top shelf and he should be on everyone’s list of people to follow.

How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something is very, very wrong? This year alone there have been several off-calendar meetings with, at least, one more now added to the docket.

The G-20 central planners have scheduled an “emergency” meeting for summer 2016. What will the topics be? Could it possibly be the fact the global economy is on the verge of total collapse? With the Baltic Dry Index, Shanghai Containerized Freight Index, not to mention commodities, all spiraling out of control to the downside, do you think there may be a reason for these people to be concerned? My guess is they could care less and are simply meeting in order to determine how the remaining wealth, in their respective countries, will be divided as the global economy continues grinding to a halt.

If one simply looks at the following line-items, it is clear for anyone to see something is about to hit the fan and it’s not anything anyone wants hitting the fan.

• 45 million people in the U.S. on food stamps
• some estimates as high as 10 million refugees flooding into the European Union
• non-stop wars of aggression involving NATO, Russia, Syria and several other countries
• financial crisis that began in 2008 has not been addressed and the problems that started that year have grown larger and far deeper
• banking system in the European Union, especially Italy, is under enormous stress due to faulting/fraudulent accounting
• Federal Reserve balance sheet at $4 TRILLION – U.S. debt at $20 TRILLION and counting
• United Kingdom/Britain and the Brexit movement that is taking root
• U.S. Presidential candidates, Donald Trump and Bernie Sanders, garnering global attention as the citizens of the U.S. seek alternatives to the current embedded criminal politicians.
• Japan instituting a Negative Interest Rate Policy (NIRP) for their sovereign bonds – Japan has basically been in a recession for over 20 years
• China is manufacturer to the world and with economies slowing down or shutting down, there is no reason to manufacture products

These are just a few of the items that are currently hampering growth for individual citizens and individual Western nations. Currently, there are just too many holes that need to be filled and the central bankers are losing control and the people are losing faith in the narratives they are being fed. Once faith is lost, en masse, the show will become a lot more interesting and a lot more dangerous.

In order for the show to remain at arm’s length, people need to understand their role in what is happening. We must have certain items in our possession at all times in order to avoid being swept away in the wave of economic collapse. Will this be a wave like you would see on TeeVee? Of course not. The “wave” was launched in 2008 and has been gathering momentum ever since. It will simply wash over your remaining wealth and leave you even more destitute than in your current situation.

Silver, gold and lead are must-haves for the rising tide of uncertainty. Long term food storage and the usual storable items that make your house a home need to be at the top of the list. There is plenty of information to help you get your house in order and there has never been a better time to keep the shelves stocked than right now.

Will this implode tomorrow or next week or next month? Who’s to say? What can be said is this: it is happening – your wealth is being drained at this moment. The central planners are absolutely terrified of something, otherwise, the continual “emergency” “secret” meetings would stop.

When an animal senses danger, they become irrational, their behavior becomes erratic and their actions unpredictable. This is exactly what we are witnessing with the central planners around the world. It is time to begin taking these signs seriously and putting into place personal protection, at all levels, in order to weather the storm and don’t forget the popcorn.

related: The Inevitability Of Unintended Consequences

Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.

The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

Plus A Chart That Will Blow Your Mind!

“In a world full of bubbles that are all destined to burst, it is impossible to forecast which will be the first ones to unleash havoc on the world economy. But one of the biggest bubbles that would clearly bring down the financial system is the bond market. Here we have a $100 trillion market that has grown exponentially in the last 25 years and which has virtually gone vertical since the 2006 – 2009 crisis…

225+ Year Chart of U.S. 10-Year Treasury Yields

…continue reading this analysis HERE

related: One Chart Reveals Fed’s True Intent; Wreck Havoc on The Middle Class

“holding a lot of cash right now doesn’t seem like a terrible opportunity” – we’re in the “ninth inning” of the economic cycle

Is there something in the water that billionaires drink? Because yet ANOTHER one just warned about coming market and economic chaos this morning!

Sam Zell is his name, and real estate is his game. Zell has founded or invested in multiple public and private real estate firms from his home base in Chicago over the years, and is now worth an estimated $4.8 billion.

As a guest host on CNBC today, he offered nothing but cold water and harsh reality for the starry-eyed optimists. Specifically, he said “holding a lot of cash right now doesn’t seem like a terrible opportunity” … added that we’re in the “ninth inning” of the economic cycle … and warned that recession was right around the corner.

Plus, he added:

“We live in a cyclical world. I think the cycle is changing. Things all over the world are telling us were near the end of that cycle.”

Why do I keep harping on this? Because …

First, it was Carl Icahn, estimated net worth of around $20 billion.

Next, it was Stanley Druckenmiller, estimated net worth of more than $4 billion.

Then, it was George Soros, estimated net worth of $25 billion.

The fact they have built up so much wealth over the years on Wall Street makes their opinions worth listening to. That wealth also allows each of them to speak his mind freely. They don’t have an ax to grind, or corporate masters to answer to, like your traditional happy-talk-spewing brokerage analysts.

They also clearly don’t offer up the kind of overly reserved, “on the one hand, on the other” kind of claptrap you get from central bankers and politicians.

No, that doesn’t guarantee they’re correct, as I’ve said before. But with so many billionaires piling on here, maybe there’s something to this their warnings? Maybe, just maybe, we should all be paying attention and taking steps to prepare for rougher times ahead? I know I am, and I encourage you to do so, too.

related: Stan Druckenmiller: ‘What Part of “Get Out of The Stock Market” Don’t You Understand?’