On Wire

Breaking news, updates, and reports on current events.

China removes phrase ‘peaceful reunification’ from Taiwan document

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Beijing has removed two keys words from an annual government report. And it could spell trouble for tens of millions of citizens. Beijing has removed references to “peaceful reunification” with Taiwan from its annual work report, signalling the country will take a stronger stance against the island territory. The past six work reports since President … Read more

Doug Casey on Whether You Should “Buy the Dip”

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Via International Man International Man: The government’s reaction to the global pandemic has led to an unprecedented economic, political, and social decline. Can you talk about the financial risks you see unfolding in the months ahead? Are we headed for a debt crisis? Doug Casey: It’s not just a crisis. It’s a depression, and it’s … Read more

Pelosi’s HEROES Act Fails Unemployed Americans, Favors Illegal Aliens with Daniel Greenfield

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from Financial Survival Network Daniel Greenfield joined us to discuss the latest in the recovery. Who are Speaker Nancy Pelosi’s Heroes? Based on the $3 trillion HEROES Act that House Democrats have just unveiled, the answer is illegal aliens and criminals. While the HEROES Act pretends to be about Coronavirus relief, its focus is on immigration. With … Read more

Do the Math: The U.S. is an Insolvent Zombie Nation

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YouTube/PeterSchiff, Released on 5/27/20 Topics: Market rallying on hope and hype. Trump’s odds of winning re-election continues decreasing. Chinese trade deals unwind. Stimulus more dangerous than virus. Everything that can go wrong, likely will go wrong, all at the same time. American taxpayers stuck with 8 years of tax debt and counting. We are a … Read more

You might be able to get a haircut in Chiraq on Friday!

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by DCG Yet if you are Mayor Lori Lightfoot, that was NEVER a problem for you in the first place. Good news, people of Chiraq – you will be allowed to get a haircut! With RULES, of course. Rules that DON’T apply to your good mayor. MyFoxChicago reports that this Friday barbershops will have very specific requirements to reopen and cut your … Read more

MSM: Sprawling Maya network discovered under Guatemala jungle!

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Article, from 2018: Researchers have found more than 60,000 hidden Maya ruins in Guatemala in a major archaeological breakthrough. Laser technology was used to survey digitally beneath the forest canopy, revealing houses, palaces, elevated highways, and defensive fortifications. The landscape, near already-known Maya cities, is thought to have been home to millions more people than … Read more

How the U.S. Could Really Hurt China: Scrapping the privileges the U.S. affords Hong Kong would downgrade the city’s economic role, but a broader basket of financial sanctions could be even more painful for China

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Scrapping the privileges the U.S. affords Hong Kong would downgrade the city’s economic role, but a broader basket of financial sanctions could be even more painful for China The U.S. determination that Hong Kong is no longer autonomous from mainland China has significant implications for the city’s exporters and businesses. But that could pale in … Read more

Q1 GDP vs Q1 2008

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by NineteenEighty9 Source Short Greece?     Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.

Interesting questions are being raised about the George Floyd incident. Were two different cops sent in to intentionally murder this guy in public?

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by bgny https://twitter.com/mikebravodude/status/1265670103913332737 Looks like two different cops were sent in after the guy was already arrested and in the cruiser. Why? If Floyd was handcuffed and sitting in the back of the cruiser why did they take him out again? Do you think the deep state has operators within the police department? Relevant: [DS] … Read more

Trumps executive order on tech censorship released!

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HERE’S A COPY OF PRESIDENT TRUMP’S Draft Executive Order on Preventing Online Censorship. And here are some comments by Eugene Volokh on what Section 230 does and doesn’t do. The National Pulse has obtained a draft of the expected Big Tech Executive Order from the White House. President Trump is believed to be signing this executive order … Read more

Trump/China Feud Is Increasing Risks for Markets and Economy… U.S./China Tension Only Set to Get Worse, ‘There Is No Off Ramp’: Bloomberg

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Trump/China Feud Is Increasing Risks for Markets and Economy It’s only a matter of time before the Trump administration hits China over a range of grievances. The question for CEOs, investors and economic policy makers is how bad things will get.U.S. lawmakers moved on two fronts Wednesday… U.S./China Tension Only Set to Get Worse, ‘There … Read more

Norinchukin Bank loses $3.7b and halts investing in CLO market

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https://www.wsj.com/articles/japanese-farmers-foray-into-risky-u-s-debt-leaves-3-7-billion-hole-11590582336 The Japanese bank that was the biggest buyer of debt used to fund private-equity buyouts suffered a ¥400 billion ($3.7 billion) hit and said it would stop investing in that market. Norinchukin Bank owns about 10% of the $700 billion market for corporate debt that was packaged into securities called collateralized loan obligations. Other … Read more

Morgan Stanley DD

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by Particular-Wedding All the US investment banks have been on a tear after speculation that their dividends won’t come under pressure after all. A negative catalyst is that stock buybacks are still not available for most banks b/c of a mix of the poor PR image from the last 2009 bailout and cost savings measures. … Read more

Investor turns $100,000 into $2.2 million — now he’s banking on a cruise line to reach his early retirement goals

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by kmanhard https://www.marketwatch.com/story/investor-turns-100000-into-22-million-now-hes-banking-on-a-cruise-line-to-reach-his-early-retirement-goals-2020-05-27?mod=mw_latestnews The buy-and-hold approach to the stock market generally isn’t a celebrated strategy among Reddit’s “Wall Street Bets” bunch, but more than a few glasses are being raised for one member of the meme-making trading community who claims to have made an absolute killing in recent years. IKnowTheCodings, as he goes by on Reddit, says … Read more