On Wire

Breaking news, updates, and reports on current events.

It’s Baaaaack! 2020 Will Be The Year Of The Subprime Reprise

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via LibertyNation One of the lasting legacies of the economic collapse a decade ago is subprime. After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Everything is subprime nowadays, as banks, finance companies, and unconventional lenders are less averse to risk and are willing to extend … Read more

U.S. Gas Giant Downgraded To Junk Status

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By Nick Cunningham The largest natural gas driller in the United States just announced a massive write-down for its assets, offering more evidence that the shale sector faces fundamental problems with profitability. In a regulatory filing on Monday, Pittsburgh-based EQT took a $1.8 billion impairment for the fourth quarter, as the natural gas market continues … Read more

Louis Cammarosano: Federal Reserve Promises To Buy Everything

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The Fed is committed to saving us from recession. Louis explains that, and he also shares his thoughts on the recent activity in the gold & silver markets… Louis Cammarosano of Smaulgld interviewed by Mike Manwell of Silver Doctors Check out the awesome work over at Smaulgld here: https://smaulgld.com/ Today’s guest, Louis Cammarosano, shares his thoughts on the economy and why … Read more

Michael Ballanger: NASDAQ Chart Screaming “SELL”

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by Michael Ballanger via Streetwise Reports It was one of those days that all sexagenarians loathe; you have to go to the doctor, and whether it’s the GP (general practitioner) or the dentist or the proctologist, nothing reminds you more rapidly of your advancing age than going to the optometrist. Now, many of you would say that your … Read more

STAGGERING GLOBAL DEBT OF $253 TRILLION IS A DISASTER WAITING TO HAPPEN

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by Mac Slavo of SHTFplan Global debt has reached a staggering $253 trillion. This is a disaster waiting to happen, as the world’s total debt surged by some $9 trillion in the first three quarters of 2019, according to data from the Institute of International Finance. That’s a terrifying  322% of its GDP; and a record high. As Axios points … Read more

Michael Flynn Withdraws His Guilty Plea

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Michael Flynn withdraws his guilty plea due to the government’s bad faith, vindictiveness, and breach of the plea agreement. Prosecutors (Van Grack) knowingly sought to induce false statements from Flynn relating to his FARA registration. pic.twitter.com/TU9rMMOWCo — Techno Fog (@Techno_Fog) January 15, 2020  

FEMA Buys Assault Rifles from China

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The Federal Emergency Management Agency (FEMA) has signed a purchase agreement with Beijing-based weapon manufacturer Norinco that will deliver into the agency’s rapacious hands 5,000 CQ-A rifles, a clone of the M4A1 carbine used by U.S. military and various law enforcement agencies.   AC

The Truth About Shadowbanning

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James Corbett delves into the concept of shadowbanning on social network companies like Reddit. This is included with the concept of manufacturing consent and public opinion with this type of mass information grids. https://www.corbettreport.com/the-truth-about-shadowbanning-propagandawatch/   AC

Ethiopia PM asks South Africa leader to help him in a Dam Dispute over DE-NIAL!

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JOHANNESBURG (AP) — Ethiopia’s prime minister has asked South Africa’s president to intervene in his country’s dispute with Egypt over a massive dam project on the Nile River, set to be Africa’s largest hydraulic dam. During a visit to South Africa on Sunday, Abiy Ahmed said President Cyril Ramaphosa as the incoming chair of the … Read more

China’s Oil Demand Growth Could Halve This Year

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By Tsvetana Paraskova This year, Chinese crude oil demand growth could be just half of the estimated growth for 2019, and the lowest growth pace since the financial crisis in 2008, according to forecasts of China’s biggest oil firm, state-controlled China National Petroleum Corporation (CNPC). “Negative impacts on the economy from U.S.-China trade frictions won’t … Read more

Mapping Filthy Rich Families Around the World

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by howmuch Forget the top one percent. The 25 richest people in the world belong to an ultra-elite group of families who control astonishing amounts of wealth. But where do these families come from? And who has the most dynastic wealth? The Walton family remains the world’s wealthiest at $190.5 billion. The Al Saud royal … Read more

China’s Consumers Slam Automakers, Sales Drop Hard, 2nd Year. GM Sales Plunge. Ford Sales Collapse. But Luxury is Hot

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“Challenging environment with weakened consumer demand”: This nosedive in a vast industry, affecting consumers and manufacturing, is happening even as GDP officially booms at 6%? By Wolf Richter for WOLF STREET. China’s market for new passenger vehicles, the largest in the world, turned into a mess in 2018, the first annual decline in the data going back about … Read more

How George Soros Corrupted Philadelphia’s Justice System

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Authored by Mike Shedlock via MishTalk, Philadelphia is one of the least safe big cities in the US. How did it get that way? Social Justice Warriors Thanks to George Soros, Larry Krasner was elected District Attorney in Philadelphia. Krasner is Self-Proclaimed Social Justice Warrior.  Consider the case of Michael White, a 22-year-old black college student who … Read more

Are US Banks Facing A Credit Trap?

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Authored by Christopher Whalen via TheInstitutionalRiskAnalyst.com, As we head into Q4 2019 earnings this week, US financials have never been so expensive and risk indicators have never been so skewed. Just as last July we called the problems brewing in the short-term money markets in a discussion on CNBC’s Halftime Report with Mike Mayo of Wells Fargo (NYSE:WFC), today we want to … Read more