On Wire

Breaking news, updates, and reports on current events.

Surprise: Massive Consumer Debt Is Fueling “Record” Economy

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From Birch Gold Group In May 2018, we reported a 47% increase in total consumer debt. Today, that debt is still on the rise, now at a staggering 61% increase since 2008. You can see how total outstanding consumer debt, currently at $4.2 trillion, has skyrocketed since 2008 in the graph below: But the total amount of outstanding debt isn’t the only … Read more

A FRIEND IN HONG KONG SENDS THIS STORY AND ADDS, “YES, PEOPLE ARE PANICKING.” … CORONAVIRUS UPDATE

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Some 1.49 million join a single queue for face masks. CORONAVIRUS UPDATE: Markets Hover Near Records Despite Growing Coronavirus Outbreak; Money managers say they have faith that epidemic will be contained. Vietnam turns away cruise ship over coronavirus fears. IMF chief: Next two weeks will be critical for China in coronavirus outbreak. Face Mask Shortages Amid … Read more

2020 Summer Olympics in TOKYO JAPAN! Think it will continue on as planned?

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Japan is in no mood to cancel or postpone Summer Olympics over new coronavirus. Tokyo, Feb 13 Japan is not considering cancellation or postponement of the 2020 Summer Olympic Games over the outbreak of a new coronavirus, Tokyo Olympic and Paralympic organizing committee chief Yoshiro Mori said on Thursday. The 2020 Summer Olympics will be … Read more

8 PLANES on LOCKDOWN at HEATHROW!

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British Airways flight from Kuala Lumpur was held up on the tarmac for two hours when it landed at 6.45am Health workers in hazmat came on board the BA34 flight and set up a privacy tent around ‘family of eight’ United Airlines Flight 901 from San Francisco locked down at 9am this morning after landing at the … Read more

Bloomberg makes more money every year off of China than all of the Money Trump has made his entire life

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Bloomberg’s Lp’s net $10 billion In annual revenue from China Little Serpent Bloomberg!   Why isn’t msm asking Bloomberg about this? Conflict of interest: Democratic presidential candidate Bloomberg increased business with the Chinese regime As trade, democracy, and human rights standoff between Washington and Beijing has escalated in recent years, Democratic presidential candidate Michael Bloomberg … Read more

Will The Corona Virus Trigger A Recession?

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by Patrick Hill As if waking up to an economic nightmare, investors see headlines like these and many others flashing across their Bloomberg terminals: Facebook says Oculus headphone production will be delayed due to virus Apple extends country wide store closing for another week Foxconn delays iPhone production Qualcomm cuts production forecast due to virus … Read more

Small Countries Are Better: They’re Often Richer And Safer Than Big Countries

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by Ryan McMaken via Mises In the wake of the Brexit vote, Scottish nationalists have renewed their calls for a new referendum on Scottish independence. But many remain unconvinced, and many claim Scotland is “too small” to be an independent country. Others claim that Scotland is too poor, since Scotland’s GDP per capita is only 90 percent that of England. But … Read more

Why Bail-Ins in Europe Are Not Likely in the USA

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by Martin Armstrong The public was outraged over the use of tax dollars to bail out banks during the 2007-2009 financial crisis. Congress passed the Dodd-Frank Wall Street Reform and Consumer Act of January 2010, which eliminated the option of bank bailouts but opened the door for bank bail-ins. The problem was that the banks … Read more

The 2020 Elections & the Coming Violence

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by Martin Armstrong Democracy is dying and it just looks like we have to go into the crash and burn. The President won more votes than any incumbent ever in history. The Democrats have adopted such a left-wing agenda that it is truly scaring the “silent majority” who most often are4 never represented in the … Read more

World Economy Projected To Shrink For First Time Since 2009 As Coronavirus Plays Havoc With Global Supply Chains

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by Michael Snyder For more than a decade, the global economy has steadily grown quarter after quarter, but it looks like that streak is about to come to a very abrupt ending.  The coronavirus outbreak in China has brought the Chinese economy to a virtual standstill, and as a result critical supply chains are in a … Read more

Patriots Maneuver Barr Into Position, The Second Act Begins, indictments

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https://www.youtube.com/watch?v=eUTzH8JsVLs The patriots have now boxed in the [DS]/D’s. They D’s are getting ready to push impeachment 2.0 on Trump, this time it has to do with RS and Barr. This will fail, Trump and the patriots are exposing the corruption. Flynn changes his background on twitter. Trump tweets outs drain the swamp again. Indictments … Read more

George Carlin – Political Correctness is Fascism Pretending to be Manners

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    Carlin didn’t believe in criticizing politicians. “Now, there’s one thing you might have noticed I don’t complain about: politicians. Everybody complains about politicians. Everybody says they suck. Well, where do people think these politicians come from? They don’t fall out of the sky. They don’t pass through a membrane from another reality. They … Read more