from GOLDSEEK RADIO:
TRUTH LIVES on at https://sgtreport.tv/
by Mish Shedlock, Mish Talk:
The economy added a much higher than expected 528,000. This follows a much higher than expected 372,000 jobs in June. But the discrepancy between jobs and employment is amazing.
BLS Jobs Statistics at a Glance
Total nonfarm payroll employment rose by 528,000 in June, and the unemployment rate dipped 0.1 percentage points to 3.5 percent, the U.S. Bureau of Labor Statistics reported today.
from Smaulgld:
TRUTH LIVES on at https://sgtreport.tv/
by Jeffrey Tucker, Brownstone Institute:
If you were on vacation last week, good for you. You missed one of Congress’s greatest-ever scams. They just approved some $750 billion (do these numbers even mean anything anymore?) to “transition” us from fossil fuels and coal over to reliance on the wind and sun, and also to subsidize a bunch of chip manufacturers because American companies screwed up their inventory control two years ago.
by Alasdair Macleod, GoldMoney:
Advocates of sound money place much of the blame for inflation on bank credit. Do away with the creation of bank credit, they say, and the destructive cycle of boom and bust will be cured. But is this solution practical, and is it the real inflation problem?
It may be an inconvenient fact, but commodity prices prove to be far more volatile under a fiat currency regime than they ever where under sound money and fluctuations in bank credit.
from ZeroHedge:
Something very odd emerges for the second month in a row when looking at the July payrolls report.
Recall last month we showed that a stark divergence had opened between the Household and Establishment surveys that make up the monthly jobs report, and since March the former was sliding while the latter was rising every single month. In addition to that, full-time jobs were plunging while multiple jobholders soared near all time highs.
Guess what: at a time when the Biden admin is now being accused of fabricating energy numbers to push oil prices lower, the jarring divergences and inconsistencies in the jobs report just hit escape velocity.