On Wire

Breaking news, updates, and reports on current events.

CDC: Drug overdoses skyrocketing in US with over 81,000 deaths in 2020

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Drug overdose deaths have substantially increased in the U.S., and set a new record for fatalities in the year ending in May, the Centers for Disease Control and Prevention announced. The CDC’s Health Alert Network released a report Thursday saying 81,230 drug overdose deaths occurred during that time starting in June 2019. “This represents a worsening of … Read more

Chamath insider traded, cut and dry. He should be jailed.

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When @chamath sold stock Monday, he must have known the secondary was coming. That’s Material Non-Public Info any reasonable investor would have thought would hit the stock. Chamath insider traded, cut and dry. He should be jailed. https://t.co/uFRhv8mCJL pic.twitter.com/3XDbOiO03c — luis carruthers (@orthereaboot) December 18, 2020

A new dollar is going to emerge out of a crisis of the debt which people have no idea how bad it is going to get.

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https://twitter.com/Ben__Rickert/status/1339911245529378817 The dollar follows the deficit. The wider the deficit the lower the dollar. 2021 doesn't look any better pic.twitter.com/ZKEmEavU7G — Menthor Q (@MenthorQpro) December 18, 2020 Fed’s balance sheet notches a new record at $7.36 trillion@federalreserve pic.twitter.com/laAC2J6IkJ — Liz Ann Sonders (@LizAnnSonders) December 18, 2020

After the inclusion of TSLA, the market-cap weighted 2-year forward P/E of the S&P will rise from 28.9x to 31.0x… And NOBODY is hedging for a correction.

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After the inclusion of TSLA, the market-cap weighted 2-year forward P/E of the S&P will rise from 28.9x to 31.0x pic.twitter.com/gPuf4flum8 — zerohedge (@zerohedge) December 18, 2020 📌Investors Intelligence:Bulls> 63.3%Bears> 17.2%Spread> 46.4 pic.twitter.com/DLkX5gHyus — Antonio Pérez-Algás (@apanalis) December 18, 2020 https://twitter.com/NorthmanTrader/status/1339895849615290368 The one thing that concerns me about being long going into the "Santa Claus" … Read more

#DXY Could it be…..?

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#DXY Could it be…..? pic.twitter.com/X2O7LGzXfr — Henrik Zeberg (@HenrikZeberg) December 18, 2020 MONEY 💰 &VELOCITY 💪 pic.twitter.com/nzdmM1SeOp — Win Smart, CFA (@WinfieldSmart) December 18, 2020 #NIKKEI ,1980 #300YCycle top pic.twitter.com/VIp5fMWswk — Antonio Pérez-Algás (@apanalis) December 18, 2020  

Why central banks cannot normalize, even in growth periods.

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Why central banks cannot normalize, even in growth periods. – Monetary policy incentivises unproductive debt.– Debt to GDP rises in crisis and growth periods.– Even the smallest rate increase generates a bankruptcy domino.– Governments never allow central banks to normalize. pic.twitter.com/rHS9IuZ66Y — Daniel Lacalle (@dlacalle_IA) December 19, 2020  

Chris Vermeulen provides his outlook for both gold, silver and the mining shares as we head into 2021

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Sprott Money, Released on 12/18/20 Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic. Known primarily by his nickname “Turd Ferguson,” Craig Hemke is the founder … Read more

Cabal Clerk in the Supreme Court

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They were submitted electronically Saturday morning and all copies hand-delivered and fees paid. #SupremeCourt clerk refused to give reason and will not return phone calls!!What is going on??Unprecedented lack of professionalism @realDonaldTrump @GenFlynn @POTUS @Scavino45 pic.twitter.com/NE5gwpjfzT — Sidney Powell 🇺🇸 Attorney, Author, Gladiator (@SidneyPowell1) December 17, 2020

30,000 Quakes In 4 Months! If Antarctic Ice Shelves Start Melting Rapidly, It Will Create A Planetary Disaster Of Epic Proportions

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by Michael Snyder Under the continent of Antarctica, there is a “mantle plume producing almost as much heat as Yellowstone supervolcano”, and this has been melting ice plates from underneath at a staggering pace.  If that superheated rock were to move even closer to the surface, that would potentially greatly accelerate the melting of Antarctic … Read more

Even Its Employees Think Social Security Is in Trouble

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by birchgold AFGE/Flickr/cc We’ve known that Social Security has been on the verge of a substantial change (at minimum) for quite some time. You can see how disturbing things could turn out by looking at the bar graph below from Peter G. Peterson Foundation. It reveals a cumulative cash deficit of $2.9 trillion from now to 2035, after which, … Read more

Bond Bubbles, Bitcoin And Golden Solutions

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by Egon von Greyerz In this latest (12 minute) MAM-Chat, Egon von Greyerz and Matthew Piepenburg follow the trail from debt disasters and corporate bond bubbles to Bitcoin speculation vs. physical gold as the only true instrument of wealth preservation. Egon opens with the omni-important and omni present topic of global debt risk. Such evolving … Read more

Gold, Silver & Mining Stocks: A Look At 2020

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by Dave Kranzler of Investment Research Dynamics The behavior of the mining stocks since early August is the reason why I am emphatic in recommending to never go “all in” and to keep plenty of cash on hand to take advantage of market pullbacks. The sector had a massive up-cycle since mid-March. Consider this: since the market bottom … Read more