Currencies have strong rally!  Trade Deficit jumps 16.3% in July!  HR 1207 Gets a hearing!  Gold gets back to $1,000!
And Now… Today’s Pfennig!

America’s finest quality is that it has no memory! Three months ago, the topic of the day was which window to jump from; today all I hear is how hot the market is. This morning’s conversation on “Squawk Box” was how the market has moved 24 percent and maybe there is too much exuberance.

America’s debts will never be paid off. They are too large and we’ve long since passed the point of no return. The Fed’s corrupt monetary system actually depends upon expanding debt. Do you ever wonder exactly who the primary beneficiaries of this debt are?