On Wire

Breaking news, updates, and reports on current events.

Always replace the word “economy” with “stock market” and everything Trump and the Fed says makes sense

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https://twitter.com/GreekFire23/status/1269778020333690880 This puts @federalreserve in a really tough position.Will they feel it necessary to jam stocks up +1% or +2% on Sunday night? Let us all empathize with difficult decision they face. https://t.co/UyXCJoMpgg — Chris Martenson (@chrismartenson) June 6, 2020 Oh. Look. What a surprise! @federalreserve is starting with a 0.7% pop in the S&P, … Read more

Stop thinking of your debt in terms of your yearly salary, think of it in terms of your salary after taxes and living expenses.

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by schoolofhanda A friend of mine is $15,000 in credit card debt. She explained that it doesn’t seem like that much because she makes $85,000 per year. Upon further investigation we determined that at her current lifestyle, she is only left with $400 per month after tax, mortgage/rent, food, insurance, phone, gas, entertainment, clothing, etc … Read more

TJX Calls

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by boolean_10 What is TJX -> It’s a company that owns TJ Maxx, Marshalls, and Homegoods. These are discount stores that sell clothing and assorted other stuff, mostly to women. They do well when the economy is strong, weak, neutral, etc. They recovered fast after the financial crisis. “and as e-commerce can’t replace the off-price … Read more

Do NOT buy Hertz (HTZ)

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by infinitelimits00 Ok I’ve seen a lot of posts on Hertz. Here’s the thing. If you know my posts, I’m a huge proponent by saying a stock goes up when “there’s more buyers than sellers.” This is true and applies to a lot of stocks, so you can throw fundamentals, especially in the short term, … Read more

We are witnessing a Maoist Cultural Revolution in the US at breakneck speed. It’s startling how broad and deep they control every major institution

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We are witnessing a Maoist Cultural Revolution in the US at breakneck speed. It’s startling how broad and deep they control every major institution — Sherman McCoy (@wasphyxiation) June 7, 2020 Washing the feet of the (BLM) organizers and begging for forgiveness… NO WTF This can't be real, no way, is it? is the brainwashing … Read more

PPP and the Unemployment Rate

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by kinzaman BLS released its unemployment numbers last week, showing a decline in unemployment month over month to 13.3%. The number of unemployed is 21 million. Absent from this statistic is the number of “employed” individuals who are still on payroll through PPP, but are not actually working or who would be laid off in … Read more

Mob Turns on Minneapolis Mayor Who Won’t Defund Police (VIDEO) – This Video Shows Why Trump Already Won Re-Election

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Mob Turns on Minneapolis Mayor Who Won’t Defund Police The left is getting crazier. Jacob Frey, the Democratic mayor of Minneapolis, was booed on Saturday by an angry mob upset at the mayor for not defunding and disbanding the Minneapolis Police Department. According to the mayor’s office, protesters near Frey’s home demanded the mayor come … Read more

$120,000/yr – Profession: Unemployed

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https://twitter.com/waffleninja2001/status/1269553843055915008 One generous proposal on Capitol Hill could put as much as $10,000 per month into American families’ hands to help them weather the coronavirus pandemic. In some ways, it’s a nod to universal basic income, the concept of indefinitely providing people with a guaranteed amount of money per month. But the plan calls for … Read more

The Bias of an Impartial Jury

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by Martin Armstrong The Sixth Amendment guarantees the rights of criminal defendants, including the right to a public trial without unnecessary delay, the right to a lawyer, the right to an impartial jury, and the right to know who your accusers are and the nature of the charges and evidence against you. Who will help … Read more

FBI Takes A Knee To Antifa and BLM

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Coming together is shaking hands or hugging. Taking a knee is an act of submission. It is submission to your God, OverLords, Masters and what a surrendering Army does. https://twitter.com/RedPillMaC/status/1269579188710891520?s=20   h/t Mason Firefly    

John Williams – Buy Gold – Federal Reserve Now Zimbabwe. Coming Hyperinflation Makes Dollar Worthless.

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Economist John Williams says not to worry about the hits on price crashing manipulations on gold and silver, especially in the face of massive record money printing. Williams says, “The price manipulation is to try to kill it. Central banks hate gold (and silver) because it shows they are not doing their job. I measure … Read more

CHINA:The flexing of muscles has started….China Deploys Several Thousand Troops amid China-India border Tensions…VIDEO

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Several thousand soldiers with a Chinese PLA Air Force airborne brigade took just a few hours to maneuver from Central China’s Hubei Province to northwestern, high-altitude region amid China-India border tensions. https://t.co/dRuaTAMIt0 pic.twitter.com/CtRJRk13IO — Global Times (@globaltimesnews) June 7, 2020     DT

Surprising US job numbers creates risk: distraction & complacency…. Fidelity chief warns of global corporate solvency crisis

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Surprising US job numbers creates risk: distraction & complacency. Don’t lose thread. Econ is experiencing an epic collapse of demand. “There’s a lot of denial here, as there was in the 1930s,” said Eric Rauchway, a historian at University of California. https://t.co/SoXDHqM87L pic.twitter.com/PwbEaaypxy — Holger Zschaepitz (@Schuldensuehner) June 7, 2020 Fidelity chief warns of global … Read more

The path to herd immunity

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The path to herd immunity https://t.co/vWKFxHNykJ — The Long View (@HayekAndKeynes) June 7, 2020 Biggest antifa rally in history. https://t.co/ypa46PvYx1 — Mara Liasson (@MaraLiasson) June 6, 2020 Coming back to end today's thread with this one: Bellingham, Wash. (Population: ~90,000)pic.twitter.com/NongCrqyIN — Mike Baker (@ByMikeBaker) June 7, 2020 Just watched half an hour of @CNN coverage … Read more

The hypocrisy is UNREAL!

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by Epicsoundwaves Tucker Calls Out Health Care “Professionals” Who Signed a Letter “Exempting” Protesters from CV19 Restrictions–Good Luck Trying to Quarantine Us with the Next “Pandemic.” Fox News host Tucker Carlson called out health care professionals who signed a letter saying one kind of demonstration should not violate coronavirus social distancing policies while other kinds … Read more

Stop pretending this isn’t a coup

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Is there one brave member of Trump’s cabinet who would move to initiate the 25th amendment to remove him from office? Now is the time to save our country before this would-be dictator takes us all down! — Maxine Waters (@RepMaxineWaters) June 5, 2020 https://twitter.com/KarlousNaderi/status/1269316047963713541     h/t  Thehumancentipede