On Wire

Breaking news, updates, and reports on current events.

Federal Reserve Alert! Statement Regarding Standing Repo (RRP) Facility Counterparty Eligibility Criteria.

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by Dismal-Jellyfish Source The requirement for these institutions to have total U.S. Treasury, agency debt and agency mortgage-backed securities holdings equal to or greater than $5 billion or total assets equal to or greater than $30 billion is being reduced to $2 billion and $10 billion, respectively. All other eligibility criteria and expectations remain the … Read more

FICC Alert! Proposed rule to amend the Mortgage-Backed Securities Division Clearing Rules to move certain Deterministic Risk Component items (Mark-to-Market items, cash obligation items and accrued principal and interest) from the Required Fund Deposit calculation to Cash Settlement, and more.

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by Dismal-Jellyfish This looks, to my non-lawyer brain, to be a way to reduce the member’s margin requirement. These mark-to-market items and others are moved from “Required Fund Deposit” so they won’t count against the margin requirement, as stated here: The Required Fund Deposit serves as each Clearing Member’s margin. The objective of the Required … Read more

Out Of Control Inflation Is Absolutely Eviscerating America’s Rapidly Shrinking Middle Class

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by Michael I tried to warn you that the U.S. was going down the exact same path that Venezuela had already traveled.  Once upon a time, Venezuela actually had a thriving middle class, but then a horrific inflation spiral came along and destroyed it.  Thanks to hyperinflation, just about everyone in Venezuela became millionaires, but just … Read more

Black Lives Matter Leaders Spend Charitable Donations on Lavish Lifestyles

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by Martin Armstrong Black Lives Matter (BLM) has become a money-laundering operation. The problematic organization used a catchy slogan to spread hate while the people in charge became millionaires. It recently came to light that the group purchased a mansion in Los Angeles for $6 million in October 2020 with charitable donations. Dyane Pascall, a BLM … Read more

Joe Biden Nominates Obama’s Harvard Law School Classmate to Head ATF former U.S. Attorney and career prosecutor

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The White House released a fact sheet Monday noting that President Joe Biden is nominating former President Barack Obama’s Harvard Law School classmate Steve Dettelbach to head the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF). The White House described Dettelbach as “a highly respected former U.S. Attorney and career prosecutor who spent over two … Read more

Elon Musk Buys Huge Twitter Share and Immediately Starts Working to de-Anonymize It

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by Chris Black Thank you transhumanist brain implant man, very cool! “Everyone who signs up for Twitter Blue should get an authentication checkmark,” Musk tweeted on Sunday. He followed it up by saying that it should be different from “public figure” or “official account” checkmarks.#ElonMusk #Twitter https://t.co/xyWFlDqPR0 — Economic Times (@EconomicTimes) April 11, 2022  

Child Groomers Strike Again

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by Chris Black UK theater runs “family sex show” featuring full nudity for children as young as five years old. “Sexual development and behavior in children starts from birth” “We are hoping the show offers an alternative to porn” “It’s just talking about sex” But sure, the rainbow agenda totally isn’t about sexualizing kids and … Read more

California Republicans Aim to Make Theft Illegal

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by Martin Armstrong In 2014, California basically decriminalized theft by permitting shoplifters to take what they please, as long as it was under $950. Prop 47, the Safe Neighborhoods and Schools Act, emboldened criminals to do as they please with no repercussions as they cannot be prosecuted for a felony charge. California does not aggregate … Read more

This Investment is CRUSHING Everything Including Bitcoin in 2022

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By Graham Summers, MBA Pop quiz… what is the single best performing stock market sector of 2022? If you guessed tech or Bitcoin, you’re incorrect. It’s actually energy. And it’s not even close. Energy stocks are destroying EVERYTHING, including cryptocurrencies. Forget bitcoin, have you thought about profiting from oil? Even more incredible is the fact … Read more

Uh-Oh! Eggs SKYROCKET 385% In Price As Chicken DISAPPEARS From Grocery Store Shelves, Silver Stuck At $25

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You can’t make an omelette unless you crack some eggs, but you can’t crack some eggs unless you can actually afford them… (by Half Dollar) I forgot to buy eggs last week when I made a purchase at Walmart. It’s probably a good thing though. Because I nearly fell out of my oversized bonded-leather recliner when … Read more

Plunging Bond Market Signals Trouble Ahead

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by: Stefan Gleason As Russia appears to be on the verge of defaulting on its debt, the U.S. debt market is also signaling trouble ahead. Treasury bonds, long considered to be among the safest investments, are rapidly plunging in value as yields surge. The largest T-bond exchange-traded fund, iShares 20+ Year Treasury Bond (TLT), has … Read more

Little Known Facts About Elon Musk

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by Chris Black People still believe Elon Musk built PayPal. He didn’t build PayPal. He bought PayPal and sold it to Ebay. The company was never profitable. Just like how he made his first small fortune. He bought a video game off his friend and sold it. Elon has never built anything himself. He just … Read more