On Wire

Breaking news, updates, and reports on current events.

The stimulus will push the market much higher? Think again

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https://twitter.com/MFHoz/status/1368269381495578626 *BIDEN'S $1.9 TRILLION STIMULUS BILL PASSED BY U.S. SENATE — *Walter Bloomberg (@DeItaone) March 6, 2021 BIDEN SAYS THE RESCUE PLAN WILL GET CHECKS OUT THE DOOR STARTING THIS MONTH — FXHedge (@Fxhedgers) March 6, 2021 https://twitter.com/AvengeRome/status/1368253639207358464 WHO IS GOING TO BUY ALL THESE TREASURIES 🤔? pic.twitter.com/hasfrzOrFp — Win Smart, CFA (@WinfieldSmart) March 4, … Read more

Inflation Moving VERY FAST and It Will NOT Stop.

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Food prices are rising significantly. Inflation is coming has been the signal sent from bond markets. More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that … Read more

VIDEO: It’s Getting Bad: Even Establishment Hack Cenk Uygur Turns on the Democrat Party (and Dem Media)

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Rest of the media also lie en masse on behalf of corporate Democrats like Joe Biden. They keep printing that there's nothing Democrats can do when in reality Democrats CAN DO ANYTHING THEY WANT. They have complete control & media keeps repeating horseshit about Parlimentarians. https://t.co/guBDuWlgo3 — Cenk Uygur (@cenkuygur) March 3, 2021 Trump was … Read more

The Pain Is Almost Over

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by David Brady via Sprott Money My apologies for the tardiness of my article this week, but given my focus on bond yields and the implications for precious metals and miners, I wanted to wait to hear what the chief ‘Facilitator of Spending’, Fed Chair Powell, had to say during a Wall Street Journal conference today. Here are … Read more

Big Money About to Rush into Gold

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Don Durrett on Palisades Gold Radio Tom welcomes a new guest to the show Don Durrett. Don believes that gold is currently trapped on the chart and will fall before it recovers. Investors currently don’t have a good reason to exit the stock market and buy gold. If a correction occurs in stocks, it seems unlikely … Read more

U.S. Anti-Money Laundering Reforms Spell Bad for Crypto Crime

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by thetradable The United States’ Anti-Money Laundering Act of 2020, which regulates entities dealing with digital currency exchanges, officially became law on Jan 1, 2021. The United States’ Anti-Money Laundering Act of 2020, which regulates entities dealing with digital currency exchanges and digital-asset-related products and services, officially became law on January 1, 2021. The reforms strengthen the authority of … Read more

China Unveils Plan to Increase Pollution for at Least Nine Years

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China’s state-run Global Times reported on Friday that the Communist government plans to increase carbon emissions for at least nine more years. Many Western environmentalists claim to believe China’s promises to cut back on pollution, even as the Chinese litter the world with coal-burning, carbon-spewing power plants and plan for industrial growth that is wholly inconsistent with … Read more

GLENN GREENWALD: As the Insurrection Narrative Crumbles, Democrats Cling to it More Desperately Than Ever: If the threat of “armed insurrectionists” and “domestic terrorists” is as great as some claim, why do they have to keep lying and peddling crude media fictions about it?

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via greenwald: Twice in the last six weeks, warnings were issued about imminent, grave threats to public safety posed by the same type of right-wing extremists who rioted at the Capitol on January 6. And both times, these warnings ushered in severe security measures only to prove utterly baseless. First we had the hysteria over the violence … Read more

GOODER AND HARDER: Walgreens shutters 10 stores in San Francisco as residents point to rampant shoplifting.

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“Under California law, theft under $950 is considered a misdemeanor, but many prosecutors throughout the state have opted to free those charged with the offense under certain conditions rather than holding them in jail for the maximum sentence of six months.” https://www.washingtonexaminer.com/news/walgreens-store-closures-san-francisco-shoplifting     h/t Ed

Bank of America and Pandora leaving Baltimore

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BALTIMORE (WBFF) – Another business that sits prominently in the city’s center is reportedly “re-evaluating” its office space. The company could join an expanding list of businesses to move out of downtown Baltimore. According to a recent article in the Baltimore Business Journal, several brokers in the know say Bank of America could downsize in … Read more

The NBA will play ball with Communist China because it doesn’t want to lose out on a TV deal worth hundreds of millions of dollars, even as thousands of Uyghurs sit in concentration camps.

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The NBA will play ball with Communist China because it doesn’t want to lose out on a TV deal worth hundreds of millions of dollars, even as thousands of Uyghurs sit in concentration camps. pic.twitter.com/wvUE4pIsb6 — Sen. Marsha Blackburn (@MarshaBlackburn) March 6, 2021

The Global Financial End-Game

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by Charles Hugh-Smith The over-indebted, overcapacity global economy an only generate speculative asset bubbles that will implode, destroying the latest round of phantom collateral. For those seeking a summary, here is the global financial endgame in fourteen points: 1. In the initial “boost phase” of credit expansion, credit-based capital ( i.e. debt-money) pours into expanding … Read more