It's critically important to understand that financial media is nothing more than a propaganda arm of the Central Banks & Wall Street.

A report released by the Labor Department on Thursday showed U.S. producer prices increased by more than expected in the month of June.

Wholesale prices rose at the fastest pace on record in Dec., the latest evidence that inflationary pressures continue to plague the economy.

"Wholesale prices in the U.S. increased at their fastest annual rate ever in May, as soaring inflation threatens to derail any recovery.