On Wire

Breaking news, updates, and reports on current events.

Peter Schiff: “The recession that we are already in will be much worse than the Great Recession that followed the 2008 Financial Crisis.”

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The #recession that we are already in will be much worse than the Great Recession that followed the 2008 Financial Crisis. In addition to double digit #inflation the economy will be hit by mass layoffs as reduced consumer spending forces money-losing companies to slash payrolls. — Peter Schiff (@PeterSchiff) May 5, 2022 The #Fed created … Read more

China has ordered central government agencies and state-backed corporations to replace foreign-branded personal computers with domestic alternatives within two years, marking one of Beijing’s most aggressive efforts so far to eradicate key overseas technology from within its most sensitive organs.

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https://www.bloomberg.com/news/articles/2022-05-06/china-orders-government-state-firms-to-dump-foreign-pcs ​ Staff were asked after the week-long May break to turn in foreign PCs for local alternatives that run on operating software developed domestically, people familiar with the plan said. The exercise, which was mandated by central government authorities, is likely to eventually replace at least 50 million PCs on a central-government level alone, … Read more

Mic drop from Canada…

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Conservative leadership candidates Pierre Poilievre and Jean Charest square off over comment made about the ‘Freedom Convoy.’ “The average trucker has more integrity in his pinky finger than you had in your entire scandal-plagued Liberal cabinet."@PierrePoilievre slammed Charest's opposition to the Freedom Convoy during last night's @canstrongfree debate Watch the full debate: https://t.co/w5M1itpg01 pic.twitter.com/O4uEJ72FvC — … Read more

Internet dot-com companies of the 90s’ ’till Y2K are the cryptos, NFTs, SPACs, and R/E blind bid of the 2020s. When it comes to history, its rhyme vs repeat here.

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Internet dot-com companies of the 90s' 'till Y2K are the cryptos, NFTs, SPACs, and R/E blind bid of the 2020s. When it comes to history, its rhyme vs repeat here. — Prashanth C (Pro) (@PrashanthcPro) May 6, 2022 More than 20% of NASDAQ Biotech Index’s members are trading for less than cash … figure like … Read more

The Fed’s “Soft Landing” Is Still a Crash… Here’s Why

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Photo by Jon Vio From Peter Reagan at Birch Gold Group Looks like the latest statements from the FOMC meeting have taken their initial toll on the markets. The Fed decided to raise rates only 50 basis points, and initiated plans to “significantly reduce the Federal Reserve’s securities holdings.” More rate hikes are on the way as 2022 continues, and starting June … Read more

Schiff Gold: Buckle up for a crashing economy and more inflation

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The Fed assures us an easy landing is doable with GDP “growth” at -1.4%. Does anyone wonder whether those trees brushing the wingtips mean we’ve already missed the runway? But, hey, inflation was transitory, too. So, buckle up…. by Michael Maharrey on Schiff Gold: Jerome Powell began hinting that inflation might be a problem last … Read more

White House Defends Planned Left-Wing Protest At Homes Of Supreme Court Justices

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The White House on May 5 defended the right of left-wing pro-abortion activists to protest at the homes of six conservative Supreme Court Justices, and avoided characterizing them as “extreme,” with outgoing press secretary Jen Psaki instead calling for “peaceful protest.” Further, the left-wing organization Ruth Sent Us posted the supposed addresses of six conservative … Read more

Bird Flu Outbreak Nears Worst Ever in U.S. With 37 Million Dead Farmers have to destroy massive, infected flocks, leading to distressing scenes across the Midwest

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A bird flu virus that’s sweeping across the U.S. is rapidly becoming the country’s worst outbreak, having already killed over 37 million chickens and turkeys and with more deaths expected through next month as farmers perform mass culls across the Midwest. Under guidance of the federal government, farms must destroy entire commercial flocks if just one bird tests positive for … Read more

Never seen a leverage like this on credit card.. the consumer is ‘super strong’… In 2020 insider sold the top and in april 2020 they bought the bottom.. now they did the same thing

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Obviously higher wages > higher possibility to go leverage on credit card.. the FED has created an atomic bomb — Alessio (@AlessioTMAD) May 6, 2022 Very concerning. Consumption is going to increase through the summer – what happens if supplies go to zero? https://t.co/quEj1zPk5I — Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) May 5, 2022 Don’t get me … Read more

The FBI has failed once again…

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Jeannette Feliciano was sipping on cherry vodka and soda at Pulse nightclub in Orlando, “having a blast.” It was almost two a.m. when the sound of firearms broke out and turned her life upside down. Blood. Bullets. Debris. Dead bodies falling in front of her from the hand of “silent and methodical” terrorist Omar Mateen. … Read more

Elon Musk lives in $50,000 house in rural Texas… Check the photos…

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Elon Musk’s Boca Chica, Texas home has been revealed for the first time in exclusive DailyMail.com photos  Musk, 50, has claimed his ‘primary’ abode is a $50,000 rental property near the SpaceX Starbase after  downsizing and pledging to ‘own no home’ last year  Neighbors confirmed the billionaire does indeed reside in Boca Chica – at … Read more

Corporations told to stay silent on babykilling…

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A massive public relations firm, Zeno, is privately advising its high-profile corporate clients to avoid commenting on the draft Supreme Court opinion overturning Roe v. Wade, according to an internal communication obtained by Popular Information. Zeno is a multinational company with almost $120 million in annual revenue and a roster of blue-chip corporate clients including Coca-Cola, Salesforce, Hershey’s, Netflix, … Read more

Goldman Sachs’ Says Its Dark Pools Are Under Investigation – Along with About Everything Else the Firm Does

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We’ve been reading SEC filings for more than 35 years. We have to sadly say that the 10-Q that Goldman Sachs filed with the SEC on May 2, for the quarter ending March 31, 2022, shocks even our well-documented assessment of Wall Street as a crime syndicate. Goldman Sachs has listed pretty much everything the firm … Read more

Pro-Putinists are at Heart Multiculturalist Abrahamists

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by Chris Black Even the ones larping as right-wing nationalists fall into this category. Bring up Putin’s support for multiculturalism, and they will invariably defend it, and tell you why multiculturalism is great when done in Russia (“Uzbeks, Chechens and Tajiks are light-skinned n sheeeit goy”), and only bad when done in the West. Notice … Read more