On Wire

Breaking news, updates, and reports on current events.

Your $1.7 billion of gold is now ours, UK tells starving Venezuelans

by

5/ Ultimately the UK Supreme Court has legitimised a modern expression of piracy using 19th century legal doctrines. Any foreign state which cuts off diplomatic relations with the UK would now be wise to also withdraw its foreign reserves. — John McEvoy (@jmcevoy_2) December 20, 2021 The recent decision, CNN reported, “ruled that recognition of heads of … Read more

Similarly on the NYSE, we see this is the first time in 2021 that the overbought oscillator hasn’t led to a new high in the index…. Global $USD liquidity squeeze… Raising probability of US recession…

by

Similarly on the NYSE, we see this is the first time in 2021 that the overbought oscillator hasn't led to a new high in the index. pic.twitter.com/n05AGL1sm8 — Mac10 (@SuburbanDrone) December 27, 2021 Bulls, I have to admit that you excel at lowering your expectations as to what constitutes a new all time high. Unfortunately, … Read more

Auto Manufacturers Compete to Create EVs

by

by Martin Armstrong As gas prices soar, the plan to switch to electric vehicles (EVs) seems more appealing to the average consumer which is the secret behind the curtain to make gasoline too expensive to use. The US will now require auto manufacturers to meet a fleetwide average of 55 miles per gallon (mpg) by … Read more

Canada Looks to Ban Foreign Home Ownership

by

by Martin Armstrong Canadian Federal Housing Minister Ahmed Hussen addressed the housing shortage in many of Canada’s provinces by stating that he would like to limit passive foreign investment. Furthermore, Hussen stated that he would support implementing density measures, as New Zealand did, to allow builders to create up to three homes on a single-family lot. “Any … Read more

US Inflation Soars to 39-Year High

by

by Martin Armstrong Powell’s decision to retire the word “transitory” when discussing inflation was too little, too late. The Bureau of Economic Analysis (BEA) reported that US inflation soared 5.7% in November on an annual basis, marking a 0.5% rise from October. The gauge has not reached this level since 1982. Eliminating food and energy … Read more

Doug Casey on How Marxists Captured the Universities and Will Soon Capture the Nation

by

Via International Man International Man: Communist and socialist ideas are growing in popularity among the millennial and Gen Z generations. In fact, the majority of young people dislike capitalism and favor a more socialist or even a communist economic system. This is evidenced by the rise of politicians like Alexandria Ocasio Cortez (AOC) and The … Read more

UK change visa requirements to allow 250,000 families of foreigners into the UK to fill vacancies of indigenous people they’ve sacked

by

On Christmas Eve the UK changed visa they’ve purposefully created by firing loads of qualified and experienced workers. They are deliberately plotting to oust indigenous people from their jobs, dispossess them in their own homeland, and replace them with hordes of foreigners https://twitter.com/SamLowryEsq/status/1475159647871021060   Tess

Paris 2021. Police interrupt a movie to control health passes and IDs of people INSIDE the cinema.

by

L’histoire abjecte continue son retour vers le futur. https://t.co/72jsAgwJLo — Patrick Shan (@Patrick_Shan) December 24, 2021 Here is the source: https://www.ouest-france.fr/pays-de-la-loire/chateaubriant-44110/chateaubriant-seances-perturbees-par-des-controles-de-passes-sanitaires-le-cinema-ferme-de124c08-640e-11ec-888e-a0dffe533130 h/t  pacmanpill[  

% of new corporate loans extended to companies with debt/EBITDA >6x now at record-high… Capital misallocation everywhere

by

% of new corporate loans extended to companies with debt/EBITDA >6x now at record-high. Negative risk-free real yields, little-to-no volatility and very tight credit spreads push the private sector to take more exposure down the risk curve. Capital misallocation everywhere. pic.twitter.com/urBtRhYziO — Alf (@MacroAlf) December 27, 2021

The Impending Doom of the Financial World: The Black Swan Event You Have Been Waiting For

by

by slinusa420 Disclaimer: It is my first attempt at compiling a research for masses to read on reddit and provide further strength in my arguments or rebuttals that would disprove my thesis. The biggest weakness to my argument is that finding concrete evidence is extremely hard as “currency printing” is an extremely sensitive topic and both … Read more

Yemen tells Saudi Arabia to prepare for a “painful response” following intensified Saudi bombing campaign of civilian areas

by

“During a recent political talk show on RT Arabic, Saudi military expert Mohammad al-Qabibaan defended the recent intense escalation of the Saudi-led coalition’s bombardment campaign in Yemen, describing the relentless airstrikes of recent weeks as ‘successful operations’ designed to force the Houthi Ansarullah movement to sit down at the negotiating table. For his part, Nasr … Read more

DEA Gives Former Marine Back $86,900 Cops Took From Him During A Nevada Traffic Stop Caught On Body Cam

by

Because law enforcement just can’t stop taking money from innocent people, here’s another roadside shitshow that has resulted in an attempt to force the government to give back money it flat out stole. This one has a couple of twists. First, it involves body cameras, so the whole depressing farce can actually be watched as it unfolds. … Read more

Rich NYC millionaires cant sleep at night, sue because giant rats are running throughout their walls,floors…

by

Fat cats living in an exclusive Tribeca building are battling even fatter rats. The Cast Iron House, an 1881 doorman building with 11 duplex lofts and two penthouses, has been infested by large rodents found “crawling on couches, in kitchens, down stairs and perhaps most unsettling, in a child’s playroom,” according to a lawsuit filed … Read more