On Wire

Breaking news, updates, and reports on current events.

Restaurant warns of slow service, blames staff shortage on ‘government and state handouts’

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A California taqueria is warning its customers that service may be slower due to a staffing shortage it blamed on government unemployment benefits. Taco Loco Taqueria in Folsom, California, posted a sign asking its customers to have patience with its staff because “no one wants to work anymore.” The restaurant attributed the staffing problem to … Read more

Why the Fed’s balance sheet is expected to top $9 trillion after it starts reducing its monthly asset purchases

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It ain’t over till it’s over. The Federal Reserve may be exploring ways to eventually reduce its large-scale asset purchases, but its influence on financial markets and the economy will be felt for years to come. The Fed’s hulking balance sheet, which topped $8 trillion this summer for the first time ever, also probably is … Read more

Rand Paul demands investigation into Tucker Carlson’s NSA ‘spying’ accusations

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Kentucky Sen. Rand Paul demanded an investigation on Friday into the National Security Agency after Fox News host Tucker Carlson accused the government body of spying on his show and unmasking his email correspondence. On Wednesday, the popular TV personality claimed the NSA illegally leaked private messages to members of the media after a report … Read more

Democrat Infighting Ensues over $2.4 Trillion Tax Increases

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https://www.breitbart.com/economy/2021/07/12/democrat-infighting-ensues-over-2-4-trillion-tax-increases-within-trojan-horse-infrastructure-package/ Congressional Democrats are infighting this week over Sen. Bernie Sander’s (I-VT) reported desire to levy $2.4 trillion in taxes within the trojan horse “infrastructure” package. “They’re all trying to figure out what the bottom line is,” said a source familiar with the infighting told the Hill. “Schumer had $2.4 trillion [in tax revenues] plus … Read more

Oklahoma education board BANS Critical Race Theory from schools and threatens to revoke licenses of teachers who promote it

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Oklahoma Board of Education approves ban on Critical Race Theory in schools  Teachers who defy the ban could have their licenses suspended  State legislature approved law banning CRT from being taught in K-12 schools  Last week, head of American Federation of Teachers threatened to sue states  At least eight states have moved to ban CRT … Read more

Bubbles Last… Until They Don’t

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Authored by Lance Roberts via RealInvestmentAdvice.com, Bubbles are evident and only get acknowledged after they pop. Such is because, during the inflation phase of the market bubble, investors rationalize why “this time is different.”  We have seen many examples of this rationalization over the last couple of years. Such as stocks are cheap based on economic growth, … Read more

Gov. Abbott says 58 ‘hypocrite’ Texas Democrat runaways WILL be arrested when they return to Austin after jetting to DC on $100K chartered private jets to stop vote on GOP’s new state voting bills

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Texas Democrats fled their state on private jets in order to prevent a series of new, restrictive voting bills from becoming law At least 58 Democratic members of the state House of Representatives left Austin to fly to Washington D.C. on two private jets that cost $100,000 to charter Greg Abbott, the governor of Texas, on … Read more

Container Shipping Shortage Triggers Freight Rate Spike Of 500 Percent: The Worst Is Still Ahead

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The global shipping industry is facing the worst crisis in the history of container freight – and a massive wave of disruptions is ahead. According to the big boss of a major logistics business, Rob Lewis, the operations director of Meachers Global Logistics, a “perfect storm” is leaving global supply chains in total chaos as … Read more

WHOA. Jen Psaki Bizarrely Calls Out CNN’s April Ryan with EMBARRASSING Comment

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https://www.youtube.com/watch?v=PaoMhx_v-T0 Martin Walsh from Conservative Brief reports, The White House press briefing hit a new low point on Thursday afternoon. During the briefing, White House Press Secretary Jen Psaki stopped talking mid-sentence to bizarrely ask another reporter if she had “something to share with the group.” Read More/Source/Credit/FairUse: https://conservativebrief.com/psaki-c…

Gov. DeSantis calls corporate media ‘a disaster’… ‘There will be consequences’…

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https://www.youtube.com/watch?v=S3GOtejR_lQ HMM: Will media bias hurt the Democrats in 2022? The stunning double standard in coverage depending on political affiliation is irresponsible, arrogant, and short-sighted. The American people used to rely on real journalists to follow the facts without regard for who holds the levers of power at any given moment. Sadly, in the age of … Read more

URGENT! Flash Flood Emergency issued for cities along the Pennsylvania-New Jersey border!

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⚠️🇺🇸#URGENT: Flash Flood Emergency issued for cities along the Pennsylvania-New Jersey border#USAThere are reports of water rushing into homes and people trapped. Emergency crews are working to rescue residents from attics and vehicles. This is a life threatening event! pic.twitter.com/SbQqwxeaNQ — Intel Point Alert (@IntelPointAlert) July 12, 2021

Did Damon get red-pilled…

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“They’re in the oil business, of course he voted for Trump,” Matt Damon says of his #Stillwater character, citing time spent in Oklahoma as critical to the role. "These guys who took us out to the oil rigs…were wonderful to us, they really helped us. It was eye opening for me." pic.twitter.com/Or6mZrW10Q — Variety (@Variety) … Read more

Problems coming…

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What is driving the US bond market lower? #China ? Daily Chinese #economic momentum skidding pic.twitter.com/oEY6YQOe7s ask act@liquidity.com for reports — CrossBorder Capital/ GLIndexes (@crossbordercap) July 12, 2021 RRP collateral cannot be repledged, so its not even really boosting effective (read: reusable) collateral in the system anyway. The OFR collects some data showing the RRP … Read more