On Wire

Breaking news, updates, and reports on current events.

Jim Rickards: The Next “Lehman Moment”

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BY JAMES RICKARDS The happy talk out of Wall Street would have you believe that the Evergrande financial collapse in China is under control and that responsible parties have taken steps to avoid a “Lehman moment” in Chinese capital markets. Almost everything about that narrative is factually wrong. It’s Wall Street happy talk at its … Read more

Mohamed El-erian: Inflation Isn’t Going Down. Inflation Is Hot, Hot At The Core Level… Powell Says Fed Faces ‘Difficult Trade-Off’ if Inflation Doesn’t Moderate

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  "Inflation isn't going down. Inflation is hot, hot at the core level," @bopinion's Mohamed El-Erian tells @ferrotv https://t.co/J0yJOrfwmP pic.twitter.com/jWJ4QZcq0v — Bloomberg TV (@BloombergTV) October 1, 2021   Powell Says Fed Faces ‘Difficult Trade-Off’ if Inflation Doesn’t Moderate: WSJ The U.S. inflation rate reached a 13-year high recently, triggering a debate about whether the country … Read more

The Problem with the Current Economic System

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by Chris Black The problem is seeing any commodity as an investment, instead of something used as a product for consumption by those who can actually use it. What is the percentage of oil contracts traded by those who can actually refine a barrel? Is it even 1% today? So who is setting the price? … Read more

15% of Americans (correctly) Believe that Satan-worshipping Pedophiles run Government, Media, and Finance

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by Chris Black Rookie numbers. We got to pump those numbers up.  The key word here is Cabal. A survey released by the Public Religion Research Institute found 15% of Americans believe a QAnon conspiracy that the government is controlled by a cabal of Satan-worshipping pedophiles. We spoke to people whose loved ones are among … Read more

The Supply Chain Crisis is Manufactured

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by Chris Black There is no way any sane person could look at this and reach any other conclusion than that it is 100% intentional. They choke the supply chains to choke you out so you’ll submit, take their shot, eat their bugs, live in their pods, and repeat that you see five fingers where … Read more

Women’s Lib was a BIG Mistake

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by Chris Black This lady is running for school board in Idaho.  I’m not sure why she doesn’t live in Baltimore, St Louis, or Detroit which are black ethnostates and we see the results of that.  She’s running in Nampa which is just west of Boise.  She went to school in Maryland. She should be … Read more

South Dakota farmers storing significantly less corn, soybeans, wheat and oats this year than in 2020

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South Dakota corn stocks in all positions on September 1, 2021 totaled 63.8 million bushels, down 43% from 2020, according to the USDA’s National Agricultural Statistics Service. Of the total, 26.5 million bushels are stored on farms, down 54% from a year ago. Off-farm stocks, at 37.3 million bushels, are down 33% from last year. … Read more

Dallas Fed President Kaplan Was Making Bold, Market-Moving Statements to Media During 2020 Crisis; the Same Year He Traded Tens of Millions of Dollars in Stocks and S&P 500 Futures

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Last year, during the worst health crisis in more than a hundred years in the United States, Dallas Fed President Robert Kaplan was frequently throwing gasoline on the fire in broadcast and print media interviews. Also in 2020, Kaplan was trading in and out of S&P 500 futures, a sophisticated instrument used by hedge funds … Read more

The Debt Ceiling Non-Crisis & Why Rates Will Fall.

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By Lance Roberts The financial media is rife with misinformation on the debt ceiling and the jump in interest rates. However, a review of history shows that not only is the “debt-ceiling” issue a non-crisis, but the recent rise in rates is likely an opportunity to buy bonds. Let’s start with the media scare tactics over the … Read more

House Budget Chair Yarmuth: $3.5 Trillion in Spending ‘Is Pretty Inconsequential’ – ‘Government Can Afford Anything’

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On Thursday’s broadcast of CNN’s “OutFront,” House Budget Committee Chairman John Yarmuth (D-KY) said that $3.5 trillion in spending under the reconciliation bill “is pretty inconsequential when you consider all the benefits to the American people,” and “The federal government can afford anything that it feels it needs to do.” Yarmuth said Sen. Joe Manchin … Read more

National School Boards Association asks Biden to label angry parents as ‘domestic terrorists’ under Patriot Act

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National School Boards Association sent a letter to Biden suggesting that the Patriot Act be enforced against these unruly parents who keep showing up to meetings across the country demanding answers and accountability from the very school boards that control their children’s education. National School Boards Association “respectfully asks for federal law enforcement and other … Read more

Scammers Got Nearly 30% Of Arizona Virus Unemployment Pay

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Vivili Hospitality Group proprietor Skyler Reeves reacts to Biden’s commerce secretary blaming a skills gap for a shortage of waiters Scammers were able to pocket nearly 30% of the $16 billion in unemployment insurance payments sent out by Arizona since the start of the coronavirus pandemic, the director of the state agency overseeing the program … Read more

Trump: Dems’ ‘Huge Tax Hikes’ Will Give GOP 40 More House Seats

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Former President Donald Trump on Thursday predicted that Republicans in Congress would benefit greatly if Democrats push through their exorbitant social-spending legislation. “If Democrats are able to piece together their huge tax hikes, called by another name, it will mean an additional 40 Republican seats in the House and at least a few additional Republican Senators … Read more

How Tech Journalism Turned Against Technology…

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Facebook wants you to join them on the Metaverse. The Metaverse is the company’s Next Big Thing, and where they see the internet going: an online world of total wraparound experience, a lot more like the Lawnmower Man version than what we have now. They released a statement this week earmarking some $50 million towards … Read more