My interpretation is that this is part of the bargaining process with the debt ceiling stand-off going on in Washington. Although the jobs number is usually fudged, this month they chose to allow the horror to show in all its glory. This is for the purpose of sending a clear message to the Republicans that if we go for austerity we will fall off the cliff. This is the last jobs report before the August 2 debt ceiling deadline.

Americans are deluded into believing that we have choices here for austerity or reckless money printing (QE3) as two distinct options. We do not. The minute we start with austerity, we implode. We do have choices, but they are more like reckless money printing or a complete financial collapse. We are way past the point of no return when it comes to debt and only one play remains....... its print or die time.... and money printing is only an integral delay mechanism of the "Extend and Pretend" strategy that eventually ends in collapse anyway.

The “Extend and Pretend” strategy started after the NASDAQ crash in 2000 and has been going strong since. We started two expensive wars( Off balance sheet), gave 40 % raises to all government employees, created a monstrous global housing bubble, kept interest rates so low that money is almost free, created fraudulent Ponzi paper vehicles like derivatives, MBS and CDS by the tens of trillions, relinquished all accounting standards, corrupted all markets with rigging and lied, lied, lied in the media. This has bought us 10 years …. So to say that this has not been successful is an understatement…… however the end game is at hand and we have only dug a deeper hole.

Wall Street controls this country and they use statistics and events that they create to strong arm policy to their favor. TARP did not pass voting at first in 2008, so they let the market fall for 700 points in 2008 with several consecutive down days and then voted again and …. lo and behold.... TARP passed. Wall Streets holds the entire country hostage because they have been entrusted to rig all markets.

Remember the "flash crash" ?.... same deal. The threat from Wall Street is "Look what we can do if policy does not go our way". So the politicians fold and turn over 3 generations of America's working populous wages to Wall Street because the "or else" is too horrible for them to contemplate. All the politician cares about is "Not on my watch and Can you get me re-elected?" Wall Street and the Bankers control the computer systems that rig our markets and use this repeatedly to get what they want by threat. They can crash the markets or make them rally - this is the power bestowed upon them by our Fed. Ironically, it was the politicians themselves that enabled them and allowed them to exercise this control so that ill timed recessions do not occur on their watch and they can pump up the economy before elections. Now they eat only when Wall Street says they can eat.

Remember, we are the epicenter of all of this paper fraud with the Wall Street "innovations" - Mortgage Backed Securities, Derivatives, Credit Default Swaps and ETFs. These fraudulent vehicles have been lathered on by the trillions throughout the entire Western Financial system. These vehicles will all fail and return home to roost.... and this will probably happen simultaneously. We as Americans are on borrowed time and only ride the wave of prosperity because we are the reserve currency of the world, market manipulation and advanced media propaganda.

Sorry for all the good cheer – But the question you need to ask yourself is - Do they have enough firepower to keep the markets levitated no matter what? Because you know that when the markets crash seriously they will pummel the metal stocks mercilessly. Yes… they have that control and may keep stocks elevated no matter what. But I would not count on it. Once again, I will advise you that hard metal is the only asset they cannot touch and you should keep only a small portion of your assets in paper products.