Europe

   "I've been coming to Singapore once a year for the last 15 years, and flying in I have never seen the waters so full of idle tankers,"

   - Senior European oil trader a day after arriving in the city-state.

Back in November, when the world-record crude inventory glut was still in its early innings, we showed what we then thought was a disturbing image of dozens of oil tankers on anchor near the US oil hub of Galveston, TX, unwilling to unload their cargo at what the owners of the oil thought was too low prices.

American media has repeatedly likened GOP presumptive nominee Donald Trump to France's far-right Front-National party leader, and frontrunner in polling for the French 2017 presidential election, Marine Le Pen and while the forthright French politician has not explicitly named a "preferable" candidate for US president, her comments today suggest it is not Hillary Clinton.

Submitted by John Rubino via DollarCollapse.com,

Somewhere back in the depths of time the world got the idea that easy money — that is, low interest rates and high levels of government spending — would produce sustainable growth with modest but positive inflation. And for a while it seemed to work.

Scaredy-cat Americans

The United States States government and the oligarchy that controls it comprise the most malign force that has ever existed on Earth. Finian Cunningham writing in the online journal Strategic Culture Foundation explains how the Dark Lords use fear to rule scared Americans.

America – the Most Frightened Nation on Earth
By Finian Cunningham

One week ago we showed that in a surprising twist, even as the broader market has remains stable and trading rangebound between 2040 and 2080 over the past month, actual equity outflows had accelerated and one week ago EPFR reporter another $7.4bn in equity fund outflows (the 5th straight week) driven by $4.8bn in mutual fund outflows and $2.7bn ETF outflows, leading to a $44bn equity exodus past 5 weeks, which as Michael Hartnett points out is the "largest redemption period since Aug’11."