On Wire

Breaking news, updates, and reports on current events.

A bank (First Citizens) that has been on a steady decline since October of 2022 buys the assets of a failed bank (Silicon Valley) and the stock price for the purchasing bank goes up $250 (43%). This story gets crazier by the minute.

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by BuzzMonkey “It took Mr. Gruenberg’s agency roughly two weeks to find a buyer for parts of the bank, and FDIC agreed to give Raleigh, N.C.-based First Citizens a $16.5 billion discount on $72 billion in loans and a pledge to share any losses (or gains) on those loans in the future. The FDIC said … Read more

An Anti-Gun Lobbyist Just Hijacked Nashville Police’s Press Conference

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Claims she was on “vacation”, and decided to show up when she heard about it. An anti-gun lobbyist just hijacked Nashville police's press conference on this morning's shooting at a private Christian school that left six dead. pic.twitter.com/cpfWU39mt2 — Greg Price (@greg_price11) March 27, 2023 Here she is again on CNN, The lady who hijacked … Read more

6 Key economic events this week (and why each is important):

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by TonyLiberty Consumer Confidence data (Tuesday): A higher level of consumer confidence usually indicates that consumers are more willing to spend money, which can boost economic growth. Consumer Confidence data can be a great indicator of future spending habits. 2. Home sales data (Wednesday): The housing market is a crucial part of the economy, and home … Read more

Many Americans Likely in for Tax Refund Disappointment

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A recent survey of taxpayers shows a large number of Americans anticipated a tax refund that is either the same size or larger than last year’s. The survey, released by tax-preparing software firm TaxAct this month, showed that only about 30 percent of Americans anticipated “receiving less of a refund on their 2022 returns” despite … Read more

Bear Stearns failed in March 2008. It wasn’t until September that Lehman Brothers and AIG failed, marking a full-blown crisis. This may feel like a train wreck in slow motion.

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by dbc13543 Back in 2008 the first massive sign of distress appeared in mid-March with the fall of Bear Stearns. While many other dominoes fell in 2008 after the failure of Bear Stearns, there wasn’t a full-blown crash and crisis until mid-September when both Lehman Brothers and AIG failed in two days. The point being, … Read more

Dollar Demand Soars! Central Banks Reduce U.S. Debt Holdings at Fastest Pace in Nine Years

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As the banking crisis spreads and global demand for dollars surges, central banks are rapidly reducing their holdings of U.S. debt to “cash out” and the use of the Federal Reserve’s overseas liquidity tools has surged. ​ Federal Reserve data showed that official foreign holdings of U.S. Treasuries fell by $76 billion to $2.86 trillion … Read more

Wall Street Silver: “First CNN does a segment on de-dollarization, now Fox News also. What is going on here?”

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First CNN does a segment on de-dollarization, now Fox News also. What is going on here? 🔊 pic.twitter.com/uBocFnLIMJ — Wall Street Mav (@WallStreetMav) March 27, 2023 If the US dollar's global supremacy erodes, America will face a reckoning like none before. A surprising segment on CNN. 🔊 pic.twitter.com/1r8msosckh — Wall Street Mav (@WallStreetMav) March 27, … Read more

We’re Heading Into A Recession And The Machines Are Betting On A Big Market Crash

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New merchandise orders in decline. Emergency borrowing is skyrocketing The bond market is properly f*cked Inflation isn’t slowing down, and the Fed isn’t lowering interest rates this year. The difference between monthly mortgage payments and rents hasn't been this big since 2006, around the peak of the housing bubble that led to the Great Financial … Read more

Germany on STRIKE – Largest strike in decades – No public transport, railroads, airports….everything!

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🇩🇪 Largest strike in decades brings Germany to a standstill Airports and bus and train stations across Germany were at a standstill on Monday morning, causing disruption for millions at the start of the working week during one of the largest walkouts in https://t.co/SAEuQ9hMSU… pic.twitter.com/5rp1V6a6mj — PiQ (@PiQSuite) March 27, 2023 The largest strike in … Read more

Germany To Expel 30 Russian Diplomats As Spying Fears Ratchet

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Russia’s diplomatic links to Europe continue to collapse at a moment nuclear rhetoric is increasing and growing more dangerous. Simple communication among governments also continues to grow worse, making conflict de-escalation among major powers all the more difficult. Germany has claimed that the presence of Russian intelligence agents and officials in Berlin has greatly increased … Read more

Commiefornia Farmers Lose BILLIONS as Atmospheric River Rain Storms Continue – “We’ve Lost EVERYTHING”

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The dozen-or-so “atmospheric rivers,” also known as rain storms, that have hit California this winter so far have provided a much-needed reprieve from the persistent drought conditions that have plagued the state for many years. There is a downside, though: many of the state’s crop farms are now underwater from all this excess moisture, which … Read more

1.5 million Philadelphia residents urged not to drink water after latex chemical leak into Delaware River

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Latex chemical spilled in Bucks County and got into the Delaware River, compromising the Philly water supply. Water is in short supply now. #news #Philadelphiawater #water #Philly #Pennsylvania #latex #BucksCounty #water #breakingnews #waterbottle pic.twitter.com/fBsc73VdyZ — ▪️ J.P ▪️ (@NYCryptoKing) March 27, 2023

Massive Demonstrations in Israel. Strikes Underway. Businesses Shut Down.

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⚡️#BREAKING “Israeli” national airline ElAl announced the suspension of flights from Tel Aviv until further notice — Reuters — War Monitor (@WarMonitors) March 27, 2023 ⚡️Reuters: The “Israeli” Bank Leumi says its branches have closed as part of the protest against the judicial amendments — War Monitor (@WarMonitors) March 27, 2023 ⚡️The state of “Isreal’s” … Read more