On Wire

Breaking news, updates, and reports on current events.

Tiffany Trump: Media ‘keeps people mentally enslaved to ideas they deem correct… Steven Crowder: …once the focus groups and polls don’t like it, IT’S PANIC TIME!

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Tiffany Trump, President Donald Trump’s daughter, speaks at the Republican National Convention. (Courtesy: RNC)   https://twitter.com/scrowder/status/1298653830490607621?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1298653830490607621%7Ctwgr%5E&ref_url=https%3A%2F%2Fthedonald.win%2Fp%2FGvTim6wo%2Fsteven-crowder-18-people-kille%2Fc%2F KRUISER’S MORNING BRIEF: RNC Night 3—Powerful Lineup Forces LibMedia to Pathetic New Lows. “For the first time for either this year’s DNC or RNC I decided to join my colleagues for the liveblog that we are doing every night. As the … Read more

Mainstream media; “mostly peaceful protests” BS.

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https://i.imgur.com/hCEtVWD.jpg How the heck can The Babylon Bee compete with CNN? ‘Mostly Peaceful’ Means ‘Entirely Dead,’ Plus CNN Gets Caught Telling the Truth (Then Deletes It). CHARLES LIPSON: Playing with Fire. “The pushback is coming. It will be seen at the ballot box, the gun store, and the moving company. Citizens will vote for public safety and … Read more

15 Facts That Prove The U.S. Economy Is A Complete And Total Economic Disaster Zone At This Point

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https://www.youtube.com/watch?v=Q8TXCMzjcOU Many people are still optimistic about a recovery for the US economy, if you know anyone like that, you should probably show them this video. Today, we have gathered 15 facts to prove that the US is undeniably on the path for an unprecedented economic collapse. On our previous video, we discussed the fact … Read more

China destroying Buddhist statues now.

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In China, the government is not only cracking down on Muslims, but on other religions as well as it pushes to assert communist ideology. Buddhist temples have been closed or demolished, while a campaign has been launched to destroy hundreds of statues of Buddha. The destruction of the giant Guan-yin Buddha has drawn international condemnation. … Read more

Tech Bubble 2.0

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by  NobertTR88 Chart shows it all.. just look at the candles. The 2000 tech Crash will be nothing in comparison. Once the bubble starts to burst the run for the exit will be epic. Its unreal and it will be retail investors and traders who will get burnt the worst. This will scar a generation … Read more

SEC Expands Accredited Investor Definition

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https://www.sec.gov/news/press-release/2020-191 You can only make certain types of investments if you are an accredited investor (i.e buying private pre-IPO shares). The definition used to be $1m of investible assets or $200K in annual income. Now they have slightly widened the definition so that more people can be considered Accredited investors, which will allow more people … Read more

After crushing earnings, Salesforce announces layoffs of 1000

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Here’s how the company did: Earnings: $1.44 per share, adjusted, vs. 67 cents per share as expected by analysts, according to Refinitiv. Revenue: $5.15 billion, vs. $4.90 billion as expected by analysts, according to Refinitiv. Stock is up 25% and 60% YTD. https://seekingalpha.com/news/3609085-salesforce-begins-job-cuts-after-record-earnings-wsj

With no relief bill, 16% of homeowners and 33% of renters not making August payments- equities are likely to fall. Consumers in California are clearly not on board w/ a V-shape recovery.

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With no relief bill, 16% of homeowners and 33% of renters not making August payments- equities are likely to fall. @michaellebowitz @DiMartinoBooth @nomiprins @elerianm @ScottMinerd #economy #Economia #trading https://t.co/QNEQrFi8BU — Patrick Hill (@PatrickHill1677) August 26, 2020 Consumers in California are clearly not on board w/ a V-shape recovery. Looking at the details of yesterday’s Conference … Read more

“Full Beast Mode”: Hurricane Laura Has The Potential To Be One Of The Greatest Natural Disasters In All Of U.S. History

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by Michael Snyder Hurricane Laura has become one of the most powerful hurricanes that we have ever seen in the Gulf of Mexico.  When Hurricane Katrina hit New Orleans in 2005, it was a category 3 storm with maximum winds of 125 mph.  As I write this article, Hurricane Laura is a category 4 storm … Read more

This must have been what the South Sea bubble of 1720 felt like… or worse

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https://twitter.com/TacoNuclear/status/1298644477431762944 #recession … #Tech #Bubble 2.0 edition https://t.co/Wvw4hDUEJT — Invariant Perspective (@InvariantPersp1) August 26, 2020 It's the epitome of sloppy thinking to imagine that refraining from speculation at hypervalued, Fed-induced, yield-seeking extremes at the worst prospective returns in U.S. history is somehow "betting against America." It's exactly this sort of behavior that always injures it. … Read more

CNN & Fox cut Rand Paul’s anti-war speech at RNC

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Senator Rand Paul’s (R-Kentucky) speech at the Republican National Convention was butchered by major cable networks, with CNN cutting it completely and Fox replacing the anti-war part with an interview. Senator Paul, who frequently crossed swords with Donald Trump when both were vying to become the Republican presidential candidate in the 2016 race, admitted during … Read more

Probability of V-Shape Recovery Low, Depression High

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by Michael Markowski For the second quarter of 2020, US GDP experienced its worst ever contraction of 32%.   The key question now is how fast will the economy recover? Morgan Stanley has emphatically stated that the economy would climb back to its pre pandemic February 2020 level by fourth quarter of 2020.  According to the Wall Street … Read more

Gasoline shortage imminent? This hurricane is heading towards to where most of the major gasoline refineries are

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Just speechless right now……. pic.twitter.com/nFyLOrWxwu — IDTH (@IDTH11) August 26, 2020 Much of the country’s refinery capacity is concentrated along the Gulf Coast https://www.eia.gov/todayinenergy/detail.php?id=7170   Of the more than 17.3 million barrels per day (bbl/d) of refinery capacity located in the United States as of January 1, 2012, about 44% (or nearly 7.7 million bbl/d) … Read more