Submitted by John Browne via Euro Pacific Capital,

We’ve been shouting from the rooftops about the dangers inherent in the subprime auto market for more than a year.

Auto debt in America has joined student loan debt in the trillion dollar bubble club and part of the reason why is that Wall Street is once again perpetuating the “originate to sell” model whereby lenders relax underwriting standards because they know they’ll be able to offload the credit risk.

Taken from an email sent to MP Stephen Phillips QC (a British Conservative Party politician, barrister and Recorder of the Crown Court and also the current Member of Parliament for Sleaford and North Hykeham) back in 2012, a list of over 40 MPs – most of whom have been convicted of child sex offences – has been uncovered.

A video has emerged which appears to show a Yeti or Bigfoot in Russia. Is the dark hairy creature seen in the film [below] the ever elusive Yeti? Or could it just be a bear? Perhaps its some crazy hermit living in the back woods of Russia? From Epic Wildlife: Reports have been pouring from the south-western Adygeya Republic of a large creature covered in hair from head to toe being spotted in a remote area about an hour away from the city of Adygeisk. Recently a team of researchers headed to the area to see if they could catch this yeti on camera.

It's a day ending in -day, which means it is time for another Jeff Gundlach fire sermon, as transcribed by Reuters. And while in his most recent address to the mortals the new bond king from DoubleLine focused on tremors in the bond market, predicting that "credit fund bankruptcies are coming," and that "the VIX needs to surge above 40 before a bottom can be made in the high-yield junk bond market", today he focused on a topic we have been covering all day, namely the collapse of faith in central bankers and the ascent of gold as a preferred asset class to paper money and bank deposits.