On Wire

Breaking news, updates, and reports on current events.

FAA’s Statement On Mysterious Air Traffic Halt Leaves More Questions Than Answers

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The Federal Aviation Administration has finally put out an official statement regarding a still very mysterious ground stop order that it issued to all aircraft in the western U.S. and Hawaii yesterday around 2:30 PM PST. While the incident is now confirmed, there are still a significant number of unanswered questions, including the most important … Read more

John Rubino discusses the taper-tantrum at hand and what’s happening with tech stocks

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Financial Survival Network, Released on 1/10/22 I sit down with John Rubino to discuss the taper-tantrum at hand and what’s happening with the tech stocks. Tech stocks are tanking at the moment, and we see historic trends repeating themselves. This puts the economy in a unique position, because we need to view cryptos as tech … Read more

Water & Food Shortage 2022! Supply Shortages Designed & Global Food Crisis Plan Accelerated

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by Financial Argument via Financial Argument It is not difficult to predict that 2022 will be a year of serious water and food shortages that will cause economic and social disasters on a scale never before seen in human history. What spurred the global food crisis, which I often discuss in my videos where I continue to urge … Read more

Evergrande officially defaulted…

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BERLIN, Nov. 10, 2021 /PRNewswire/ — China Evergrande Group today again defaulted on interest payments to international investors. DMSA itself is invested in these bonds and has not received any interest payments until today’s end of the grace period. Now DMSA is preparing bankruptcy proceedings against Evergrande and calls on all bond investors to join … Read more

Longtime CNN Producer Slapped With $15M Lawsuit

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John Griffin, the longtime CNN producer fired last month over child trafficking allegations, has been named in a Connecticut civil lawsuit alleging “despicable acts” of “horrific sexual abuse” and exploitation. “For several years prior to 2020, the defendant solicited young girls, including the minor plaintiff, for the purpose of knowingly persuading, inducing, enticing and coercing … Read more

Red Cross declares ‘first-ever blood crisis’ in US

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(Gray News) – Blood donations are urgently needed now. According to the American Red Cross, the U.S. blood supply is at a “dangerously low” level. On Tuesday, the nonprofit declared its “first-ever blood crisis.” “The American Red Cross is facing a national blood crisis – its worst blood shortage in over a decade, posing a … Read more

[Contagion] Chinese developer Shimao puts all property projects on sale. Someone needs cash to pay $106M coupon notes this month…

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SHANGHAI, Jan 10 (Reuters) – Shimao Group Holdings has put on sale all of its real estate projects, including both residential and commercial properties, as the cash-strapped Chinese property developer accelerates asset disposals, Caixin reported. Shimao, which defaulted on a trust loan last week, has asked agents since late December to help seek buyers for … Read more

Gundlach: Consumer sentiment is at recessionary levels… David Rosenberg warns of a massive market bubble that could pop this year

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Gundlach: "Consumer sentiment is at recessionary levels" pic.twitter.com/rgt66OENyP — zerohedge (@zerohedge) January 11, 2022 Gundlach: What is driving this falloff in consumer sentiment? Car prices up so much, people don't think this is a good time to buy a car if they can find one.#JustMarkets2022 #autos #housing #prices #consumption #inflation pic.twitter.com/s82k0OUPwq — DoubleLine Capital (@DLineCap) … Read more

Powell says inflation poses ‘severe’ threat to job market… Fed got fooled by their own stimulus. AGAIN? First S&P high NOT confirmed by the Wilshire nor by NYSE breadth… Crash risk is high

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Fed Chair Jerome Powell pledged to do what’s necessary to contain an inflation surge in his confirmation hearing before Congress today. He steered clear of sharing fresh details on the path of U.S. monetary policy https://t.co/RuJiXCC3ax pic.twitter.com/ovUa0vIRjR — Bloomberg TV (@BloombergTV) January 11, 2022 Federal Reserve Chairman Powell says inflation poses ‘severe’ threat to job … Read more

Americans Flee High-Tax States In Mass, Seeking Better Life In A New Region

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https://www.youtube.com/watch?v=sHLcKacEZD4 For many people, the start of a new year is an opportunity for genuine self-reflection. If Democratic lawmakers take an honest look at 2021, the inescapable conclusion is that voters chose with their feet — and rejected high taxes. A new analysis from the right-leaning Tax Foundation reaches this conclusion. Analyst Jared Walczak broke … Read more