On Wire

Breaking news, updates, and reports on current events.

Venezuelans Turn to Gold Nuggets as the Local Currency Implodes

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by Joseph T. Salerno via Mises The Venezuelan government recently lopped off six zeros from its hyperinflating currency, the bolivar. The highest denomination currency note of 1 million bolivars, worth less than $0.25, was replaced by a one-bolivar note. At the same time, a 100-bolivar note, worth about $25.00, was introduced as the new highest denomination of the bolivar. The currency … Read more

Median U.S. Home Price Just Passed $400,000 For First Time Ever! (Prices Could Rise Another 16% By End Of 2022)

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by confoundedinterest17 In the third quarter the median home price hit $404,700, jumping nearly 13% since third quarter of 2020, when the median sales price was $358,700. Though it’s an eye-catching number, the market has been hot of late, and a lack of inventory and high demand means foretold the rise in home prices. According to a recent note … Read more

China Rationing Diesel

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by Martin Armstrong China has begun to ration fuel amid the ongoing energy crisis. As reported by the BBC, trucks in China may only fill their tanks with 100 liters (10% capacity) of diesel, with other areas reportedly only allowing 25 liters. The city of Fuyang is limiting purchases and charging drivers a surcharge of up … Read more

Gold Revaluation Coming? When Money Dies – Willem Middelkoop

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Wall Street Silver, Released on 10/28/21 Willem’s Twitter: https://twitter.com/wmiddelkoop​ Willem’s Fund Website: https://www.cdfund.com Willem Middelkoop joins us to discuss the recent shortages in energy, food and other commodities. Willem sees the early stages of hyperinflation as a possibility. Gold revaluation is a possibility for governments to address this crisis of debt and inflation. You have to be … Read more

Gerald Celente: US GDP Slows, Stocks Hit Highs

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Trends Research, Released on 10/28/21 Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered … Read more

Peter Schiff: Markets Can’t Ignore Exploding Trade Deficits Forever

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YouTube/PeterSchiff, Released on 10/28/21 US dollar would tank if traders understood implications of economic data. Trade deficit continues to break records month after month. Strong economies have trade surpluses; we have a bubble economy. We’re only consuming and importing because we’re printing a currency the world still values. Massive trade deficits aren’t a problem until … Read more

Powell Once Again Proved To Be Gold’s Joy Destroyer

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by Arkadiusz Sieron of Sunshine Profits Inflation worries have intensified, gold started to rally on Friday… and then Powell came, ruining the party and killing the bullish vibe. Friday (October 22, 2021) started wonderfully for the yellow metal. Gold was appreciating since early morning, and it even jumped above $1,810 around 10-11 A.M. New York Time. As the chart … Read more

China’s Golden Opportunity

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by Martin Armstrong COMMENT: Marty, Re: Biden’s Abuse of the Military My biggest concern right now is that if we do foolishly purge our military degrading readiness, does China’s President Xi take advantage and seize Taiwan amid the chaos in our ranks much like how the Germans took advantage of a Soviet military purge to time … Read more

U.S. Employment Costs Rise at Record Pace as Wages Surge (Personal Income Declines -1.04%)

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by confoundedinterest17 U.S. employment costs rose at the fastest pace on record in the third quarter as companies across a variety of sectors raised wages against a backdrop of labor shortages. The employment cost index, a broad gauge of wages and benefits, rose 1.3% from the prior quarter, according to Labor Department data released Friday. The … Read more

Biden burying businesses under red tape; more rules on the way

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President Biden accelerated the regulatory state on his first day in office by ordering agencies to consider aspirational but vaguely defined goals and benefits when imposing new rules on businesses large and small. The order greenlighting regulations even when the benefits “are difficult or impossible to quantify” sent shudders down the spines of CEOs. They fear business growth will … Read more