On Wire

Breaking news, updates, and reports on current events.

There is a technical term for economic slowdown coupled with soaring prices… Allianz’s El-Erian: Fed has backed itself into a corner on inflation

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There is a technical term for economic slowdown coupled with soaring prices pic.twitter.com/FN4aiJ3Otw — zerohedge (@zerohedge) May 3, 2021   $spx ISM manufacturing pic.twitter.com/FA87i0Sw27 — Álvaro Oviedo (@alvoviedo) May 3, 2021 Container shipping costs continue to surge. pic.twitter.com/SUu5wmZRA5 — Win Smart, CFA (@WinfieldSmart) May 3, 2021 The US employment cost index increased by most since … Read more

Dem Rep. Cori Bush Praises St. Louis Defunding Police as They’re Named 7th Most Violent City in the World

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The city of St. Louis is moving toward axing nearly 100 police officer positions and cutting millions from the police department’s budget. The movement to defund the St. Louis Metropolitan Police Department was lauded by Rep. Cori Bush (D‑Mo.), who called the decision “historic,” despite the city being one of the most violent per capita … Read more

Green Man! Fed Helps Lower 4W T-bill Yields To 0% (20 European Nations Have 2Y Treasury Yields Of Less Than 0%)

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by confoundedinterest17 The April 29th Treasury auction produced some very European/Japanese-like results. As in a 0% 4W high yield rate. And thanks to Green Man (Fed Chair Jay Powell), the Fed’s System Open Market Account Holdings of Treasury Bills soared in 2019/2020 helping to drive the 4W yield to 0%. The 0% 4W yield rate is very … Read more

Monetary Savings versus Real Savings

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by Frank Shostak via Mises According to the National Income and Product Accounts (NIPA) the US personal savings rate stood at 13.6 percent in February 2021 against 8.3 percent in February 2020. Since consumption expenditure is considered as the driving force of the economy, obviously a strengthening in savings, which implies less spending, cannot be good for economic activity, so … Read more

“Internet freedom” advocacy group NetChoice called out for promoting social media censorship

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by: Franz Walker (Natural News) An organization that claims to promote free speech on the internet has quietly been promoting censorship online. Trade association NetChoice has been called out for promoting social media censorship in its blog posts. According to Breitbart, recent blog posts by NetChoice’s policy counsel have argued against the notion that major tech platforms should be … Read more

Child abuse platform with 400,000 registered users on the dark web taken offline, arrests made

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https://twitter.com/disclosetv/status/1389131467419160577 Four have been arrested in a multi-agency operation sparked by a German investigation into one of Europe’s most prolific child sexual abuse platforms on the dark web. These arrests were made in Germany (3) and Paraguay (1) earlier this month. The arrested individuals – all German nationals, had various roles in relation to the … Read more

1 in 5 Electric Vehicle Owners in California Switched Back to Gas-Powered Cars Because Charging Their EV is a Hassle

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Quick….Look Surprised!!! One in five electric vehicle owners in California switched back to gas-powered because of the inconvenience of charging. It only takes a few minutes to fill up a gas tank, yet some electric vehicles need several hours of charging to drive 35 miles. Charging electric vehicles is a total “hassle” say 20% of … Read more

Ireland – Wow Just Wow

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Pat Sweeny, the man who filmed Irish police raiding a church last week has now been raided at home, at three in the morning. Police detained him under the mental health act and told him his children are being taken into care. Disturbing development involving the man who challenged the gardaí who raided the church … Read more

AZ Audit Witness Speaks Out…

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On Saturday, May 1st, I volunteered to observe the Maricopa County Audit process at the Veterans Memorial Coliseum in Phoenix, Arizona. Upon arrival, I checked in with the police at the entrance, who confirmed my name was on the list and directed me to the coliseum entrance. When I entered the building, I went through … Read more

Kamala Gets New Job After Failing At The Border…

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She won’t go to Mexico, but she’ll try to get Americans to Mars. Vice President Kamala Harris will chair the National Space Council, a cabinet-level advisory body, she confirmed in a tweet. “In America, when we shoot for the moon, we plant our flag on it,” Harris posted Saturday. “I am honored to lead our National Space … Read more

Biden tax plan would cost top 1% extra $160k per year… STEP Act will tax farmers, small business owners hardest.

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CPA Daniel Geltrude explains when you should file right away and when you should take advantage of the later May 17 deadline. The top sliver of U.S. households would see their tax bill increase by close to $160,000 each year under the spending proposals released this month by President Biden. That’s according to a new analysis published this week by … Read more

Housing Crash Is Ahead! As Lumber Prices Surged 340% Price Bubble Is Out Of Control

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https://www.youtube.com/watch?v=BLKFWOr3nws The US housing market bubble is running out of control. A growing number of experts have been warning the Federal Reserve has been blowing the current price bubble by keeping mortgage rates at historically low levels, enabling prices to reach unprecedented highs. However, things are becoming increasingly unsustainable and the threat of a housing … Read more