Lawmakers Float Idea to Allow Post Offices to Provide Payday Loans
Proposal would place post offices in competition with payday lending companies serving “low-income communities, including rural and inner-city areas.”
by Kit Daniels
New Home Sales Plummet in June
New home sales fell 8.1% last month.
by Associated Press

GM's Profit, Hit by Recalls, Tumbles 80%
GM forced to sell its new vehicles at higher prices in North America.
by Jeff Bennett
The Rot Within, Part II: Inflation Is Not “Growth”
Consumption necessarily declines as prices go up and purchasing power goes down.
by Charles Hugh Smith

Gun Buyers Scoop Up AK-47 Rifles After New Sanctions
American companies are now prohibited from having Kalashnikov products imported into the U.S.
by Matthew Rocco
Stocks mixed as earnings reports roll in
Dow Jones industrial average falls 30 points.
by Associated Press

The Rot Within, Part I: Our Ponzi Economy
Dependent on inflating bubbles to evince “economic strength.”
by Charles Hugh-Smith
Obamacare: Premiums poised to spike for millions
Foreign off-shore banks destroying the finances of American families.
by Associated Press

Bank of America Offering $13 Billion to Resolve Probe
Bank previously offered about $12 billion to settle the matter..
Yellen: Fed will continue economic intervention
Fed will keep interest rates near zero for “considerable period.”
by Martin Crutsinger

House GOP Slashes IRS Tax Enforcement Budget
25 percent cut that would mean fewer audits of taxpayers..
by AP
The Final Warning: Individual Investors Piling Into Stocks, Market Leverage Hits All Time Highs
The story goes that in the Winter of 1928 Joe Kennedy, father of President John F. Kennedy, went to have his shoes shined.
by Mac Slavo

Citigroup to Pay Record Fine in $7-billion Mortgage Settlement
Citigroup to pay $7 billion in fines and relief over claims it misled investors about mortgage securities.
by Jim Puzzanghera & E. Scott Reckard
Gold Rises as Investors Watch Fed
Gold for July delivery rose 1.3% last week to $1,337 a troy ounce.
by Ira Iosebashvili

The deteriorating economic outlook
It cannot be long before Americans experience economic catastrophe.
by Paul Craig Roberts, Dave Kranzler and John Williams
Mexico Looks To Back Peso With Silver: “Would Unleash a Global Power Shift”
New silver-backed currency in Mexico or any other country could be a boon for precious metals.
by Mac Slavo