On Wire

Breaking news, updates, and reports on current events.

Next Week’s Financial Calendar

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by UAoverAU Eastern times. TUESDAY, MAY 26 8:30 am Chicago Fed national activity index for April (March -4.19) 9 am Case-Shiller home price index for March (Feb. 4.2%) 9 am FHFA home price index for March (Feb. 5.8%) 10 am Consumer confidence index for May (April 86.9) 10 am New home sales for April (March 627,000) WEDNESDAY, MAY 27 … Read more

Coming very soon: a major European banking crisis.

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by mark000 Few mainstream commentators understand the seriousness of the economic and monetary situation, from a V-shaped rapid return to normality towards a more prolonged recovery phase. The fact that a liquidity crisis developed in US money markets five months before the virus hit America has been forgotten. Only a rising gold price stands testament to … Read more

Amazon is pissed at Joe Biden: “We pay every cent owed. You spent 3 decades in the Senate & know that Congress wrote these tax laws to encourage companies to invest in the US economy. We have. 500k jobs w/ a min wage of $15/hr across 40 states. Assume your complaint is w/ the tax code, not Amazon.”

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Most leftists don’t understand economics. Even smart ones will pretend not to understand. They act like there is a magical source of money and goods that always produces regardless of human input, and the people that are rich and successful have simply blocked the rest of us from getting our share from the magical source. … Read more

The reason why Judge Emmet Sullivan Hires “High-Powered” DC Lawyer to Represent His Interests in Flynn Case…

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by sundance The Washington Post headline reads (emphasis mine): “Federal judge hires high-powered D.C. attorney to defend his actions in Flynn case.” Which gives some insight into the framework and purpose of this event, and how it reached the WaPo narrative engineers. The Washington Post is, as an institution, adverse to the interests of Michael Flynn.  So this story, specifically … Read more

President Trump Replies to Jeff Sessions: Jeff, you had your chance & you blew it. Recused yourself ON DAY ONE (you never told me of a problem), and ran for the hills. You had no courage, & ruined many lives….

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Donald J. Trump Verified account @realDonaldTrump > Donald J. Trump Retweeted Jeff Sessions Jeff, you had your chance & you blew it. Recused yourself ON DAY ONE (you never told me of a problem), and ran for the hills. You had no courage, & ruined many lives. The dirty cops, & others, got caught by … Read more

We’re All in This Together (But Not in the Way You Think)

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by Robert Blumen via Mises We are all in this together. No, by that I do not mean what Andrew Horney calls “all those cloyingly saccharine, feel-good public service announcements being delivered by famous faces on television and social media platforms, telling us “we’re all in this together.” We are all interdependent through the production of goods and services … Read more

CHART OF THE WEEK: The Unemployment Rate Signals The Dow Jones Index To Crash To This Level

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BY SRSROCCO Even with the highest unemployment rate in more than 80 years, the U.S. Stock Market continues higher regardless of the lousy economic data and fundamentals.  However, without the massive money printing and liquidity injections by the Federal Reserve, the stock market indexes would be substantially lower. Unfortunately, the Fed is now forced to … Read more

Peter Schiff: Inflationary Depression Coming. Buy Gold and Silver Now before It’s Too Late.

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Money printing by the Fed and Congress is off the charts. This is why money manager Peter Schiff thinks precious metals are a no-brainer investment. Schiff says, “It’s not that gold is gaining in value, it’s that fiat currencies are all losing value. Gold is the one stable factor. It’s the one thing governments can’t … Read more

Rob Kirby: There Is No Escape – Dollar Will Lose Its Position As World Reserve Currency

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Liberty and Finance, Released on 5/22/20 Breakthrough Analysis: the Fed and UST are re-running the 2009 Global Financial Collapse playbook at hyper-scale.. New forensic analysis of the officially released financial record from the Office of the Controller General during the epicenter of the 2008-2009 global financial collapse reveals inexplicably massive $10T capital flows into the … Read more

Welcome to a taste of communism , California. Got this citation because we had employees who just finished their shifts enjoying shift waiting for their take out meal.

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Welcome to a taste of communism , California. Got this citation because we had employees who just finished their shifts enjoying shift waiting for their take out meal. Completely socially distanced from any customer picking up their food. No warning by this thug . $1000 fine. pic.twitter.com/pzpPEGRldF — Life-Force Aldo 🐚👣🐚 (@Aldo_9111) May 22, 2020

If the Fed accurately measured inflation…

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if the Fed accurately measured inflation pic.twitter.com/rFSVcy3JAS — . (@StockCats_2009) May 23, 2020 I wrote this a while ago, but it compares prices and incomes from two eras. While everything has soared in $ terms, prices have soared much faster than incomes. Everything on the list, except milk, is more expensive to the average worker. … Read more