On Wire

Breaking news, updates, and reports on current events.

LA CRIME CHAOS… LIB DA SILENT…

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Watch the latest video at foxnews.com The head of the union that represents nearly 1,000 prosecutors within Los Angeles County accused District Attorney George Gascon on Monday of keeping silent amid a surge in brazen smash-and-grab burglaries and robberies that have become increasingly violent. Eric Siddall, vice president of the Association of Los Angeles Deputy … Read more

[Contagion] SHOW ME THE MONEY! Some Evergrande investors have yet to receive their coupon payment 30 days after if was due.

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by laflammaster Some China Evergrande Group bondholders have not received overdue coupon payments after the end of a month-long grace period, putting the world’s most indebted property developer on the brink of its first default on offshore notes. S&P Global Ratings said default “looks inevitable.” A group of Kaisa Group Holdings Ltd. bondholders have sent … Read more

Australia will run out of urea which means no more diesel trucks which means in eight weeks, supermarkets empty!

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Australia’s last urea factory is no longer producing the substance and exports of the chemical are banned by China. Half of the long-haul fleet of trucks on the road have a diesel engine that require urea to run and without trucks moving, essential goods can’t be stacked on shelves. The National Road Transport Association fears … Read more

Bank Of America’s CEO Moynihan: Inflation Is Real And Must Be Managed. In 2022, The Fed Will Begin To Shift Its Stance.

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BANK OF AMERICA'S CEO MOYNIHAN: INFLATION IS REAL AND MUST BE MANAGED. — FinancialJuice (@financialjuice) December 7, 2021 Unit Labor Costs revised upwards to +9.6% (vs. preliminary +8.3%) in Q3 pretty decent jump. — Hedgeye (@Hedgeye) December 7, 2021 https://twitter.com/PriapusIQ/status/1468225312215519235 BANK OF AMERICA'S CEO MOYNIHAN: INTEREST RATES WILL CLIMB MANY TIMES NEXT YEAR. — FinancialJuice … Read more

The Stock Market Bubble Has Finally Burst: The December Crash Cannot Be Stopped Anymore!

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https://www.youtube.com/watch?v=iKR-J9DmzjE Wall Street’s leading stocks are taking a major beating in recent days, with some trader favorites collapsing up to 50 percent over the past few weeks. The bubble has reached its peak, and it seems that it’s all downhill from here. The market’s highest flying stocks, such as Tesla and Facebook, have experienced the … Read more

Liar, Liar Pants on Fire: Stacey Abrams Attempts to Rewrite History on MSNBC

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https://www.youtube.com/watch?v=nC8VKZaO4dU Mike LaChance from American Lookout reports, In the months following the 2018 election, Stacey Abrams repeatedly refused to accept the outcome and insisted that she had actually won the race. Now that she is running again, she is trying to rewrite history by claiming that she did not challenge the outcome. Read More/Source/Credit/FairUse: https://americanlookout.com/lie-stace…

Is The US Engaged In A Monetary Cold War With Russia? (Or Will The US Become A Tightener Rather Than A Loosener?)

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by confoundedinterest17 Is the US engaged in a monetary cold war with Russia? It looks that way if we consider the Index of Global Easing and Tightening from the Council of Foreign Relations. Russia and Brazil are tightening along with Mexico, Colombia, Peru, Argentina and Chile. Add Pakistan, The Czech Republic and Poland to the list of … Read more

New York Moves to Invalidate American Citizenship

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While many Americans have been focused on the endless carnage the Biden administration has wrought on our border, New York City is on the verge of passing radical legislation to give migrants the right to vote in city elections. The proposed bill would allow roughly 800,000 non-citizens to vote as long as they have legal status or … Read more

DOJ Just Sued Texas

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The Department of Justice (DOJ) on Monday sued Texas over the state’s new redistricting plan, alleging its map illegally undermines minority groups’ right to vote. DOJ officials said that while the number of Latino and Black voters in Texas grew significantly over the last decade, the state’s new map dilutes minority voting strength in violation … Read more

Once Risk-On Switches to Risk-Off, the Bottom Is Far Lower Than Anyone Believes Possible

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by Charles Hugh-Smith So here we are, witnessing the switch from risk-on to risk-off in real time. All bubbles share common characteristics: during the euphoric expansion, participants are richly rewarded for buying every dip and for confidently embracing the belief that this time it’s different. (Exactly how it’s different changes from bubble to bubble, but the core mechanism is … Read more