On Wire

Breaking news, updates, and reports on current events.

Bailing Out Bankers Is All the Rage Again

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(Bloomberg Opinion) — After the financial crisis, Europe’s political leaders put together a complex set of rules to make it harder for future governments to bail out banks. That system is looking so full of holes that one wonders what the point of it is. Two episodes in a fortnight show that taxpayers are still very … Read more

Definition of insanity. Junk bond spreads (ex-energy) now at their lowest since June of 2007 at record corporate leverage!

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Definition of insanity. Junk bond spreads (ex-energy) now at their lowest since June of 2007 at record corporate leverage! pic.twitter.com/VgMDx140wC — Otavio (Tavi) Costa (@TaviCosta) December 16, 2019 Apple stock jumps on huge sale drop in China Boeing shares jump on production halt in 2020 — Russian Market (@runews) December 17, 2019 According to chart … Read more

Tazewell County Virginia Forms Militia To Protect Its Sheriffs Who Will Not Confiscate

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by SP The Organic Prepper, Daisy Luther, offers an update on the Virginia effort to ban military style rifles.  The county of Tazewell, Virginia, has voted to form its own citizen militia. Tazewell County is taking this threat to the Second Amendment very seriously. Not only did they pass a Second Amendment Sanctuary resolution, but they’ve … Read more

College Enrollment Skids for 8th Year in a Row in 2019, But Student Loans Skyrocket. What Gives?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The stunning decline of men in the student headcount. With college costs blowing through the roof, with “luxury student housing” and not so luxury “student housing” having become asset classes – including, of course, CMBS, now in rough waters – for global investors, with textbook publishers gouging students to the nth degree, and … Read more

BOOM! Dem Rep. BLASTED at Town Hall Over Trump Impeachment

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https://100percentfedup.com/dem-rep-i… 100% Fed Up reports, Dem. Rep. Abigail Spanberger held a town hall on Sunday that was a doozy but not in a good way for this West Virginia Democrat. People are furious! Video from the town hall shows people yelling that President Trump is innocent. Read More/Source/Credit/FairUse: https://100percentfedup.com/dem-rep-i…

‘Journalism is dying’: US govt ‘has its tentacles’ in every part of media

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Stories that challenge establishment narratives go unreported because the media has been co-opted by the US government, a former Newsweek reporter has alleged, after his editors blocked him from writing about recent OPCW leaks. Tareq Haddad announced his resignation from Newsweek last week, claiming that his editors had shot down his attempt to report on … Read more

Virginia Activates Official Militia in Response to Gun Confiscation Threats. Lawmakers Want To Make This a Felony.

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by Daisy Luther As Virginia lawmakers prepare to pass a draconian gun control bill that would make most guns in the state illegal, Tazewell County has formed an official active militia as per the Second Amendment to the Constitution. A well regulated Militia, being necessary to the security of a free State, the right of … Read more

Repo Madness Is Global? BIS Warns of Looming EU Repo Problems, Doug Noland Repo Analysis

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Doug Noland (Credit Bubble Bulletin) put out an interesting piece on Repo Madness over the weekend. Here’s some excerpts: “U.S. securities/“repo” finance is clearly a major source of liquidity for the markets as well as the real economy. Yet this Bubble Dynamic is undoubtedly global, with international securities finance instrumental to inflating securities and asset … Read more

Italian Bank Still in Trouble

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by Martin Armstrong Italy is again helping a troubled bank. The government approved an emergency ordinance to support the Volksbank Popolare di Bari on Sunday and provided grants of up to 900 million euros. Volksbank Popolare di Bari was founded in 1960 as a cooperative bank. However, funds from the Ministry of Finance will not … Read more

Impeachment Approval Now Lower than Opposition… NEW CNN POLL: Support for Trump’s impeachment/removal has dropped by 5% from last month.

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  The American public is about evenly split over whether President Donald Trump should be impeached and removed from office, according to a new CNN Poll conducted by SSRS, with the House of Representatives poised to vote on articles of impeachment this week. Support for impeaching Trump and removing him from office stands at 45% … Read more

The global consumer could be in trouble…

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via Zerohedge: Unilever NV shares trading on the Euronext Amsterdam have plunged 6% Tuesday morning following a warning from the company that it will miss full-year revenue growth targets, reported the Financial Times. Unilever is a British-Dutch transnational consumer goods company, and one of the largest in the world, its products include food and beverages, cleaning … Read more

Expecting a Market Downturn? Make Sure You’re Following the “Noah Rule”

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by Frank Holmes, CEO, U.S. Global Investors In his letter to Berkshire Hathaway shareholders for fiscal year 2001, Warren Buffett made one of his now-famous pronouncements:  “Predicting rain doesn’t count, building an ark does.” Buffett admitted to forecasting some of the market turmoil during that year, which was exacerbated by 9/11, and yet he failed … Read more

Impeachment is too gentle a punishment for this crime

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by Fabius Maximus  Summary: Impeachment is too gentle a punishment for some high crimes by a President. They deserve everlasting infamy. Like this recent act by a President, as yet unpunished. We need drastic action as a reminder to future generations that we must be ever vigilant in defense of the Republic “Every nation has the … Read more

BIG Court Battle: Hillary Clinton fights to keep secret “after action” memo on her deletion of 33,000 emails PLUS Judicial Watch seeks court permission to question her under oath.

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by TFittonJW In August, a federal court judge granted Judicial Watch more discovery on the Clinton email scandal, allowing us to uncover much more about what really happened with Hillary Clinton’s emails. This Thursday, Judicial Watch heads to court again on the email scandal.