On Wire

Breaking news, updates, and reports on current events.

Egon von Greyerz and Daniela Cambone: The Fed Has Lost Control

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By Egon von Greyerz From ancient Sumer to the Roman, Spanish, and British empires, one truth has been immutable throughout human history: Debt destabilizes and destroys mighty nations. While technology, globalization, and other innovations add new features to all-too-familiar catastrophes, outcomes remain monotonously predictable. In the words of Mark Twain, “history doesn’t repeat, but it often rhymes.” … Read more

Mortgage Lender Offering 105% LTV Loan With $500 Down And Downpayment Assistance, FICO Down From 660 To 620 (Into The Storm!)

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by confoundedinterest17 I call this “lending into the storm.” A national mortgage lender has just introduced a 105 Loan-to-value (LTV) ratio loan and a lowering of FICO scores from 660 to 620. Now, the loan still requires 97% LTV with downpayment assistance and gift funds permitted to boost CLTV to 105%. With The Fed helping to raise … Read more

China Is Blocking Airlines From Buying “Tens Of Billions Of Dollars” In Boeing Airplanes

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In what should serve as a wakeup call for the Biden administration about the climate of trade between the U.S. and China (but won’t), China is reportedly blocking its domestic airlines from doing business with Boeing. U.S. Commerce Secretary Gina Raimondo made the revelation on Tuesday, according to Reuters, stating that Chinese airlines were being prevented … Read more

China Plays The Long Game While The U.S. Blows Bubbles

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By Michael Lebowitz China is taking multiple actions to boost productivity and sustainably strengthen its economy. If successful, China’s efforts come at the expense of the U.S. and other western nations that are not as willing to stress the benefits of productivity. We abhor communism in part because of its economic shortfalls and restrictions on … Read more

50 Cent Slams Biden’s Tax Hike, Explains Why He’s Leaving NYC For Texas: “I didn’t realize I’d be paying 62% of my income

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50 Cent slams Biden’s tax hike, claims he’ll be moving to Texas “I didn’t realize I would be paying 62% of my income back to the IRS,” the rapper said Curtis ’50 Cent’ Jackson made it clear during the last election that he was a fiscal conservative. Now, the rapper-turned producer is threatening to move to … Read more

HANNAH COX: Healthcare Provisions in the Budget Reconciliation Bill Aren’t Meant to Add Up.

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The looming $3.5 trillion Budget Reconciliation bill is expected to come up for a vote this Thursday. In anticipation, the Biden Administration and Congressional Democrats are laying out a full-court press. Some of their talking points are downright funny, like Biden claiming the actual price tag for the bill is zero. …Or at least they would be … Read more

JPMORGAN preparing for US credit default…

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JPMorgan Chase CEO Jamie Dimon said that the multinational investment bank has started to prepare for a “potentially catastrophic” situation in which the United States could default on the national debt. Dimon said in a Tuesday interview with Reuters that while the country’s largest lender has previously planned for such a scenario, and “every single … Read more

One Day After Taking ‘Booster Shot,’ President Biden Abruptly Cancels Everything…

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President Biden is canceling a trip to Chicago and will instead remain in Washington D.C., the White House announced on Tuesday. Although the White House claims that Biden is remaining in D.C. to continue haggling with Democrats over his domestic agenda, party insiders say that the president has been almost completely disengaged with the legislative … Read more

Everything about to get pricier…

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China coal/electricity shortage: Traffic lights turned off in power crunch. Factories closed… China’s Coal Shortage Means Higher Prices for the World https://www.bloomberg.com/news/articles/2021-09-28/china-s-coal-shortage-means-higher-prices-for-the-whole-world https://www.scmp.com/video/china/3150423/power-crisis-china-leaves-highway-dark https://m.facebook.com/watch/?v=864963327723554&_rdr Hundreds of vehicles were left stuck on a highway in Northeastern China’s Liaoning province as traffic lights suddenly went offline following recent electricity-rationing measures. pic.twitter.com/Gc6qf5sQhb — South China Morning Post (@SCMPNews) … Read more

The Food Crisis Is Already Here! Be Smart And Buy Food, Water And Necessities Before Toilet Paper…

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…Or You May Starve To Death While Surrounded In TP By Susan Duclos – All News PipeLine Weather, bottleneck supply chain chokepoints, shortages of fertilizer, labor shortages, gasoline, a cyber attack on a farming co-op, and a number of other issues have all strained the supply chain to the point where it is broken. Yes, … Read more

Dems to put $100 billion tax burden on the poor…

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House Dems Propose $100 Billion Tax Hike Targeting The Poor $3.5 trillion spending bill hits American tobacco users and those trying to quit The Democrats’ $3.5 trillion budget proposal relies on a $100 billion tax hike that disproportionately targets the poor, lines the pockets of organized crime, and increases inequality. The plan doubles the federal … Read more