On Wire

Breaking news, updates, and reports on current events.

Walmart Is Closing 269 Stores Nationwide

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by Chris Black Walmart just announced it’s closing 269 stores. Can you guess why? Walmart announces it's closing 269 stores pic.twitter.com/4f6ryUWCQZ — HBMtv (@HBM__tv) March 7, 2023 Maybe they’re shifting from physical locations to online/app purchases and deliveries to compete more directly with Amazon. Or maybe they are plain racists. /s It may seem like … Read more

U.S. Special Forces want to use Deepfakes for Psyops

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U.S. SPECIAL OPERATIONS COMMAND, responsible for some of the country’s most secretive military endeavors, is gearing up to conduct internet propaganda and deception campaigns online using deepfake videos, according to federal contracting documents. https://theintercept.com/2023/03/06/pentagon-socom-deepfake-propaganda/   h/t BinyaminDelta

The Fed has NEVER gone against the way over 62% of the market was leaning going into the meeting since forward guidance began in the 90’s.

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Fed Pivots but not the way the Bulls expected. The Fed has NEVER gone against the way over 62% of the market was leaning going into the meeting. pic.twitter.com/PK4nKSwFbn — AnilVohra1962 🇬🇧🇨🇦 (@AnilVohra1962) March 7, 2023 NEW – Sen. John Kennedy Says the Fed's 2% Inflation Rate Goal Would Require a 10.6% Unemployment Rate "When … Read more

This is a serious attack on the Constitution by a federal agency.- Elon Musk

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The Biden administration's casual violation of the First Amendment should shock every journalist, even those not fond of @elonmusk. What is the limiting principle? This inquisition could extend to any journalist. https://t.co/7783nxM4RT — Jay Bhattacharya (@DrJBhattacharya) March 7, 2023 This is a serious attack on the Constitution by a federal agency. — Elon Musk (@elonmusk) … Read more

Dr. Doom warns: Perfect storm of recession, debt crisis and inflation to hit markets

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by: Belle Carter (Natural News) Renowned economist Nouriel “Dr. Doom” Roubini warned the public that a “perfect storm” of recession, debt crisis and out-of-control inflation could hit the markets this year. Roubini has been warning of a stagflationary debt crisis for months already. The looming economic collapse will combine the worst aspects of ’70s-style stagflation and the ’08 debt … Read more

Well well well, apparently good ol’ boy FAUCI is the Executive Directive of WHO

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“The United States is represented on the WHO’s Executive Board by Dr. Anthony S. Fauci, the Director of the National Institute of Allergy and Infectious Diseases (NIAID). Dr. Fauci serves as a non-voting liaison representative to the Executive Board, and he attends meetings on behalf of the United States. **It’s important to note that the … Read more

Millennials in their 30s have added over $3.8 trillion in debt to their accounts — and are missing their credit card and auto loan payments

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It’s as if $1,000 car payments are not enough. via YAHOO: In news that will come as no surprise to their boomer parents, millennials in their 30s are digging themselves deeper and deeper into debt. A record number of Americans are grappling with $1,000 car payments and many drivers can’t keep pace. Here are 4 ways … Read more

France Pension Strike has started

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Nothing here so far. Co-worker traveling in Paris says it started this morning. Now hotel is packed and full as people come in from rural areas apparently. The protests over pension reform in France are getting tense. Big clashes with the police are breaking out 🚨 🚨 🚨 🔊 pic.twitter.com/o1w7IqCJ91 — Wall Street Mav (@WallStreetMav) … Read more

“Smiley face” mini-sphinx unearthed in Egypt dig

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Egypt archaeology: Dig unearths smiling mini-sphinx which may represent Claudius Archaeologists have unearthed a sphinx-like statue and the remains of a shrine in an ancient temple in southern Egypt, the antiquities ministry says. The artefacts were found near the Hathor Temple, one of Egypt’s best-preserved ancient sites. The limestone sphinx with its “smiley face and … Read more

“Praying Is An Offence” In The U.K

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“This is the moment police told a Catholic woman that ‘praying is an offence’ as she was arrested a second time outside an abortion clinic just weeks after being acquitted for the same offence. Video shared online shows Isabel Vaughan-Spruce, director of anti-abortion group March for Life UK, being arrested outside the BPAS Robert Clinic … Read more

What Happens When a Major Central Bank Loses Credibility? We’re Going to Find Out.

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By Graham Summers, MBA The Fed is playing a very dangerous game. The Fed is trying to fight inflation by raising rates… but low rates were NOT what triggered inflation: rampant money printing and supply chain issues were the reason inflation ignited. Some historical perspective… Between 2008 and 2014, the Fed printed roughly $3 trillion … Read more

Powell is doing exactly what the top 10% want, protecting their wealth at the cost of the bottom 90%

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If we're heading for a prolonged period of low economic growth, the wealthy want rates as high as possible so they can lock in their capital beforehand. Powell is doing exactly what the top 10% want, protecting their wealth at the cost of the bottom 90% https://t.co/xcbNjm9uOU — Financelot (@FinanceLancelot) March 7, 2023 He's giving … Read more

Powell Testimony – Prepared Remarks TLDR “Higher than expected interest rates”. 1 mention of disinflation

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by danielhanchen https://www.federalreserve.gov/newsevents/testimony/powell20230307a.htm Main takeaways: Disinflationary trends have partially reversed in the recent months. PCE Core services ex housing shows no disinflation at all. Rents will show disinflation in the following months. Stronger than expected economic data most likely will cause higher than expected rates. Continued goal to reaching 2% inflation (not 3% due to … Read more