"Western Central Banks Have Set Us Up; You'll Hear The Printing Presses From Mars"

Submitted by Tyler Durden on 07/31/2015 - 09:41 As Marc Faber said at SocGen's January conference, if he could short central banks directly he would do so, but gold is the next best thing; and despite it being sucked into the general commodity malaise, Albert Edwards says "Gold is a must-have holding in this world."

Economics 101: Wal-Mart Hikes Minimum Wages, Prepares To Fire 1000

Submitted by Tyler Durden on 07/31/2015 - 09:15 "Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help."

Worst Wage Growth In History Sparks Bond & Stock Buying Frenzy, Rate Hike Expectations Crater

Submitted by Tyler Durden on 07/31/2015 - 08:49 Bad news is great news again... Stock are surging (and bond yields tumbling) following the worst wage growth in history this morning. The US Dollar is getting hammered and the Fed Funds Futures (price) curve is surging (as rate hike hopes are priced out).

Earnings Shocker: Quarterly Increase In Wages Is Smallest On Record

Submitted by Tyler Durden on 07/31/2015 - 08:40 The quarterly increase in US wages was just 0.2% - a third of the 0.6% rise expected - and a meager 2% increase Y/Y in line with all the other depressed BLS data, which dashes the "wage growth is looming" meme and crushed the 0.7% rise in Q1 that had so many hopeful of escape velocity any day now.

Exxon Earnings: Carnage

Submitted by Tyler Durden on 07/31/2015 - 08:23 Moments ago energy titan Exxon Mobile, which not too long ago was bigger than AAPL by market cap, and is now roughly half the size of the phone maker, reported earnings which were, in a word, a bloodbath.

Deutsche Bank "Loses" LIBOR Chat Records; Will Try Hard To Find Them

Submitted by Tyler Durden on 07/31/2015 - 08:01 Deutsche Bank says a "software glitch" caused an "unknown" number of electronic chats dating back to 2005 to be deleted (possibly forever), a "mistake" that could endanger the bank's record $2.5 billion LIBOR settlement with regulators.

Are Investigators FINALLY Serious About Hillary Clinton’s CRIMINALITY?

[Ed. Note: We begrudgingly post this piece from Fox News, a blatant mockingbird media organization, but Hillary’s criminality must be exposed nationally. We need to see much more of this.]
from Fox News, America’s Real News:



Investigators Connecting Dots On Hillary Clinton?

Italy Youth Unemployment Hits Record High 44.2%, Concerns Rising "Recession Exit May Be Unsustainable"

Submitted by Tyler Durden on 07/31/2015 - 07:32 While the overall unemployment rate for the Eurozone also unchanged at 11.1%, it was renewed concern about what is going on in Italy, where unemployment rose from 12.5% to 12.7%, while Italy's youth unemployment rate, which surprisingly jumped by nearly 2% to 44.2%, a record level.  As Bloomberg put it, "Italy’s jobless rate unexpectedly rose in June as businesses continue to dismiss workers amid concerns that the country’s exit from recession may not be sustainable."

Chinese Stocks Drop, End Worst Month Since August 2009; US Equity Futures Flat

Submitted by Tyler Durden on 07/31/2015 - 06:52 In a repeat of Thursday's action, Chinese stocks which had opened about 1% lower, remained underwater for most of the session before attempting a feeble bounce which took the Shanghai Composite fractionally into the green, before the now traditional last hour action which this time failed to maintain the upward momentum and the last day of the month saw a surge in volume which dragged the market to its lows before closing roughly where it opened, -1.13% lower.  This caps the worst month for Chinese stocks since since August 2009, as the government struggles to rekindle investor interest amid a $3.5 trillion rout, one which has sent the Shanghai market lower by 15% - the biggest loss among 93 global benchmark gauges tracked by Bloomberg.

“Yes, We’re Corrupt”: A List of Politicians Admitting That Money Controls Politics

by Jon Schwarz, The Intercept:
One of the most embarrassing aspects of U.S. politics is politicians who deny that money has any impact on what they do. For instance, Tom Corbett, Pennsylvania’s notoriously fracking-friendly former governor, got $1.7 million from oil and gas companies but assured voters that “The contributions don’t affect my decisions.” If you’re trying to get people to vote for you, you can’t tell them that what they want doesn’t matter.
This pose is also popular with a certain prominent breed of pundits, who love to tell us “Don’t Follow the Money” (New York Times columnist David Brooks), or “Money does not buy elections” (Freakonomics co-author Stephen Dubner on public radio’s Marketplace), or “Money won’t buy you votes” (Yale Law School professor Peter H. Schuck in the Los Angeles Times).
Meanwhile, 85 percent of Americans say we need to either “completely rebuild” or make “fundamental changes” to the campaign finance system.
Read More @ FirstLook.org

DEBT SLAVES: 7 Out Of 10 Americans Believe That Debt ‘Is A Necessity In Their Lives’

by Michael Snyder, End of the American Dream:
Could you live without debt?  Most Americans say that they cannot.  According to a brand new Pew survey, approximately 7 out of every 10 Americans believe that “debt is a necessity in their lives”, and approximately 8 out of every 10 Americans actually have debt right now.  Most of us like to think that “someday” we will get out of the hole and quit being debt slaves, but very few of us ever actually accomplish this.  That is because the entire system is designed to trap us in debt before we even get out into the “real world” and keep us in debt until we die.  Sadly, most Americans don’t even realize what is being done to them.
Read More…

Exposed: A Shocking Bet By Rival Gangs Is Resulting In Dead Innocents In This Major City

from Western Journalism:
Members of a vicious Los Angeles street gang are responding to a member’s death by issuing a morbid challenge to one of its rivals. Rollin 100 gang members reportedly initiated a bet with another local gang in an effort to see which could murder the most people – whether rival gang members or innocent civilians – within a 100-day period.
The resulting Twitter and Instagram hashtag, #100Days100Nights, has sparked increased interest in the deadly endeavor – especially among law enforcement officials.
With L.A. cops already noticing a spike in crime so far in 2015, a recent uptick in violence has been linked to the social media challenge. An afternoon shooting Saturday that left one 47-year-old dead was followed less than an hour later, in the same general area, by a shooting that injured another motorist.
Read More @ WesternJournalism.com

PEAK GOLD vs. PEAK SILVER: Must See Chart

from SRS Rocco:
If you are a precious metals investor, you need to see this chart. Matter-a-fact, this is the first time (to my knowledge) in the history of precious metals analysis that the information in this chart has been made public. One look at this chart and the investor will see the the huge difference between the cost to produce the precious metals.
In addition, the information in this chart will show why the peak of primary gold production will occur before the peak of primary silver production. However, global silver production will likely peak soon after world gold production. Thus, individuals understanding the difference, will likely enjoy a rewarding investment strategy most are currently unaware.
Read More…

French Contradict Kerry, Economy Update, South China Sea Tensions, Planned Parenthood Update

from USA Watchdog:



The deeper Congress digs into the deal to curb Iran’s nuclear ambitions, the worse the deal seems.
When Secretary of State John Kerry, the key negotiator for the US in this deal, was asked about the secret side deals in Congress this week, he said he “did not have access to them.” What? You do not have access to details of a deal you negotiated? Kerry also says this deal must be passed by Congress, otherwise, he says, “our friends in this effort will desert us.” Now, details come out from a top French diplomat, who was also in on the negotiations, and he contradicts Kerry. French Senior diplomatic advisor Jacques Audibert has told Congress that if the deal is voted down, that eventually, they “could get a better deal.” When Kerry was asked about continued chants of “Death to America” in Iran, Kerry said he knew of “no plan to actually destroy us.”
Read More @ USAWatchdog.com

WARNINGS of Economic Disaster DEAD AHEAD from Greenspan & Bill Gross

from The Money GPS:

The NEXT Ponzi Scheme

from TruthNeverTold:

What’s Left of the American Dream Withers at Record Pace

from Wolf Street:
The current housing boom has Dallas solidly in its grip. As in many cities around the US, prices are soaring, buyers are going nuts, sellers run the show, realtors are laughing all the way to the bank, and the media are having a field day. Nationwide, the median price of existing homes, at $236,400, as the National Association of Realtors sees it, is now 2.7% higher than it was even in July 2006, the insane peak of the crazy housing bubble that blew up with such spectacular results.
Housing Bubble 2 has bloomed into full magnificence: In many cities, the median price today is far higher, not just a little higher, than it was during the prior housing bubble, and excitement is once again palpable. Buy now, or miss out forever! A buying panic has set in.
Read More @ Wolfstreet.com

Jim Willie Part 1: The Petro-Dollar Won’t Collapse – It Will Vanish

from Shadow of Truth:

GOOGLE Tracks Your Activity & Gleefully Turns It All Over To “governments and courts around the world” When Asked To

“Oh Really? What’s your source,” you ask? GOOGLE’s own transparency report:
from Google:
Like other technology and communications companies, Google regularly receives requests from governments and courts around the world to hand over user data. In this report, we disclose the number of requests we receive from each government in six-month periods with certain limitations. Usage of our services have increased every year, and so have the user data request numbers.
We continue to look for new ways to organize information and provide more detail. For example, starting with the July–December 2010 reporting period, we began to disclose the percentages of user data requests we comply with in whole or in part. And starting with the January–June 2011 reporting period, we began to disclose the number of users or accounts about which data was requested.
Read More @ Google.com
image: emrefirat.edublogs.org

Chicago PMI Jumps To 6-Month Highs As UMich Consumer "Hope" Tumbles To 2015 Lows

Submitted by Tyler Durden on 07/31/2015 - 10:04 It appears Chicago businesses are immune to the vaguaries of the worst quarterly wage growth in US history. Following significant weakness earlier in the year, Chicago PMI surged to 54.7, the second highest in 2015, smashing expectations of a 50.8 print. Having flashed its recessionary warning lights, while 7 underlying factors improved led by increased production and new orders (and prices paid), employment continued to fall (though at a slower pace). After missing in July's preliminary print (93.3 vs 94.0), UMich consumer sentiment final print for July dropped even further to 93.1, heading back towards the lows of the year as hope plunged from 87.8 to 84.1 - the lowest since Nov 2014.





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