On Wire

Breaking news, updates, and reports on current events.

Machinery of Death: When the Government Acts as Judge, Jury and Executioner

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by John W. Whitehead “Police fail to grasp that they are public servants for peace. They should provide a civil service, to enforce the laws equally, without bias and with discretion. They must understand that they do not have immunity or special privileges and — most importantly — are just responsible for apprehending suspects, and should not … Read more

A Modest Proposal For Price Discovery In The Silver Market

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by Dave Kranzler of Investment Research Dynamics We know that price discovery is impossible until the paper exchanges in NYC and London blow up. Or is it? There’s plenty of above-ground silver around the world. Yes most of it is “spoken for” by the owners of that silver. Silver producers can’t produce enough silver to satisfy demand at the … Read more

REPORT: Fry’s Electronics permanently closes nationwide.

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The Bay Area’s KRON4 reports: KRON4 has confirmed famed Bay Area retailer Fry’s Electronics is closing its doors permanently. The company is expected to post closure information on its website early Wednesday morning. Fry’s has more than two dozen stores mainly across California and Texas. Developing. The San Jose Mercury reports: North San Jose tech campus could sprout … Read more

When Is Short Selling Fraudulent?

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by Robert Murphy via Mises Amid the controversy over GameStop, many cynics argued that something sinister was clearly afoot because the hedge funds had shorted 138 percent of the outstanding shares. In this article I’ll review that particular claim, as well as another seemingly dubious practice, so-called naked short selling. My conclusion is that shorting more than the total outstanding shares isn’t … Read more

GameStop Rockets To $91.71 On Forward P/E Of 126 (Reddit Strikes Again!)

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by confoundedinterest17 In an example of hyper-active stock trading, GameStop is back up to $91.71… on Reddit? (Bloomberg) — GameStop extended gains to much as 74% in late afternoon trading before being halted, as retail traders took to Reddit to discuss the stock following news of the upcoming departure of Chief Financial Officer Jim Bell. The Fibonacci retracement … Read more

All It Took Was One Election for ‘Kids in Cages’ to Become Acceptable Once Again

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These are the same ‘cages’ that the media shreaked over for four years. Let’s see how Jeff Bezos’ blog “reported” on it. “First migrant facility for children opens under Biden” https://www.washingtonpost.com/national/immigrant-children-camp-texas-biden/2021/02/22/05dfd58c-7533-11eb-8115-9ad5e9c02117_story.html -Migrant -Facility -for -Children We live in a fake society where facts don’t matter and most people have never had an original thought in their … Read more

Reminder: No One Is Coming To Save You

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from John Wilder at Wilder Wealthy Wise. “Wait till she finds out you’re 4’6 and peddle a Schwinn.” – Home Improvement I had a boss once who could have worked for FEMA – he showed up late, and wasn’t any help when he finally arrived. There I sat, in the middle of the highway, on my right side.  … Read more

Meat prices rise as food inflation worsens, pushing many Americans to a tipping point of food shortages – Divina Ramirez

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by: Divina Ramirez (Natural News) The coronavirus pandemic has severely tested global supply chains like no other event in recent world history, resulting in large shocks to both demand and supply. And it’s only about to get worse. According to a report from Bloomberg, hog, cattle and poultry raisers are struggling amidst the highest prices of corn … Read more

Hackers Get Home Addresses, SS Numbers & Sensitive Medical Data of 500,000 Medical Patients

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https://youtu.be/H-qY0336esA Sensitive medical records on nearly 500,000 patients in France have been stolen in a major cyber attack on dozens of healthcare labs, landing online after an alleged dispute between the hackers, according to media reports. A file containing names and contact details on 491,840 people has made the rounds online since at least earlier … Read more

Warning: A Bloodbath Could Be Just Around the Corner

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by The Phoenix The stock market is warning us that a real bloodbath could be around the corner. Let’s take a look at some charts. The market action of the last week has been extremely problematic. On the surface things look relatively benign. The S&P 500 fell to test support and its 50-day moving average (DMA) and bounced … Read more

Mortgage Purchase Applications Decline 12% From Previous Week And 7% From Same Week One Year Ago (Treasury Yields On The Rise!)

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by confoundedinterest17 Mortgage applications decreased 11.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 19, 2021. The Refinance Index decreased 11 percent from the previous week and was 50 percent higher than the same week one year ago. The seasonally adjusted Purchase … Read more

IS THIS PART OF SKYNET OR PART OF THE THING WE’LL NEED TO FIGHT SKYNET?

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Army AI Gets Live Fire Test Next Week. WASHINGTON: The 18th Airborne Corps will host a live-fire experiment the first week of March, using artificial intelligence to share targeting data amongst Marine F-35s, Air Force A-10s, ground-based HIMARS rocket launchers, and commercial satellites. The AI-driven system – developed in large part by 18th Airborne itself — is already mature enough to let the … Read more

Are Large Cap Tech Stocks In Big Trouble?

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by Chris Kimble For much of the past decade, large cap tech stocks have been a real bull market leader. Investors have gobbled up shares of the likes of Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Netflix (NFLX), Microsoft (MSFT) to name a few. But those large cap tech names have come under pressure over the past … Read more

‘Blacklist’ Site Asks People to Report Everyone Who Voted for Trump to ‘Unmask’ Them

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https://www.youtube.com/watch?v=c63UVA__D1I Conservatives are up in arms over a website that is asking people to report any acquaintance who voted for Donald Trump in the 2020 presidential election. “This is insane. The Founders are rolling over in their graves,” RealClearPolitics cofounder Tim Bevan tweeted on Tuesday, including a link to the site in a subsequent tweet. … Read more