On Wire

Breaking news, updates, and reports on current events.

The Fed Is Playing a Dangerous Game

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By John Mauldin Two months ago, Fed Chair Jerome Powell set off a market panic. He suggested the FOMC would do what it thinks is right and let asset prices go where they may. They promised at least two if not three more rate hikes in 2019. The stock market fell out of bed. Fast forward … Read more

Curiously, the DNC-MSM didn’t highlight those stories much until Obama left office.

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ILHAN OMAR: Obama’s “hope and change” was a mirage: Recalling the “caging of kids” at the U.S.-Mexico border* and the “droning of countries around the world” on Obama’s watch, she argues that the Democratic president operated within the same fundamentally broken framework as his Republican successor. “We can’t be only upset with Trump. … His policies … Read more

Is This the Beginning of a Massive Dollar Run?

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via Gary Shilling PhD: Some 88% of all currency transactions globally involve the buck. The euro is a distant second at 31%, the Japanese yen is third at 22% and the Chinese yuan is involved in only 4%, not much more than the Mexican peso’s 2.2% despite the Chinese economy being 11 times that of Mexico. … Read more

This is America, 2019 – Whistleblowers are now being forced to testify against journalists and sent to jail when they don’t cooperate.

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by ElderOfTheUniverse   A secret trial against a source for refusing to testify against a journalist – Chelsea Manning jailed for refusing to testify on WikiLeaks and Assange. Whistleblowers are now being forced to testify against journalists and sent to jail when they don’t cooperate. This is America, 2019: A secret trial against a source for … Read more

LAWMAKERS IN HAWAII PROPOSE REPEALING SECOND AMENDMENT

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SOURCE: FEE.ORG By Carey Wedler, Jon Miltimore Legislators in Hawaii, which has some of the most restrictive gun laws in the United States, moved this week to bring their concerns about the Second Amendment to the national level. In Senate Concurrent Resolution (SCR) No. 42, introduced Tuesday, Democratic lawmakers assert that in light of the numerous tragic mass shootings at schools, work places, … Read more

PEGGY NOONAN: Get Ready for the Struggle Session. “In America, and even more so on Twitter, there’s a whiff of China’s Cultural Revolution in the air.”

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via WSJ:   Mao unleashed university and high school students to weed out enemies and hold them to account. The students became the paramilitary Red Guards. They were instructed by the party to “clear away the evil habits of the old society” and extinguish what came to be known as “the four olds”—old ideas and … Read more

$7 Trillion Of Unfunded Pensions

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by Jim Quinn This will surely end well 4th quarter market meltdown was enough to increase the total pension funding deficit by $700 BILLION can you imagine what a real market downturn would do?? pic.twitter.com/WYtJDJSG2e — steph pomboy (@spomboy) March 7, 2019 Social Security has 10 years left under ideal circumstances. Any boomer without useful, … Read more

Doctor uses robot to tell patient he is dying

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via fox5ny: FREMONT, Calif. (KTVU) – When Ernest Quintana went into Kaiser Permanente Medical Center’s emergency department in Fremont on Sunday, his wife of 58 years, his son, daughter and  granddaughter all worried about the 79-year-old man. They say it was hard enough to learn that his lungs were failing, but they couldn’t believe it when a hospital … Read more

The Usual Lies (Illinois Version): Cut Taxes! And Pay Down Debt! And More Spending!

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via illinoispolicy: Pritzker’s proposed progressive income tax rates harm Illinois’ economy, while hardly fulfilling his promises. Progressive income tax rates proposed today by Illinois Gov. J.B. Pritzker won’t hit his promised $3.4 billion in revenue. Analysis by the Illinois Policy Institute reveals revenue from these proposed rates would bring in only $1.4 billion, according to dynamic … Read more

Jeremy Grantham: US Approaching “Brazil or Chile” Levels of Wealth Disparity

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via global-macro-monitor: Great and super fascinating interview with investing legend, Jeremy Grantham, one of the best bubble spotters out there. “I arrived in 1964, and America was a fairly equal place with fairly rapid mobility between socioeconomic classes,” Grantham told CNBC’s Wilfred Frost. “Now it’s worse than the U.K.” Grantham also said the wealth inequality in … Read more

Buffett Indicator Now Predicts -2% Annual Stock Market Return…for the Next 10 Years

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via thefelderreport: The following post was based on an excerpt from a recent report published in The Felder Report PRO. Warren Buffett recently said wrote, “Prices are sky-high for businesses possessing decent long-term prospects.” And I wouldn’t be surprised if he was looking at the whole of Corporate America when he wrote it. According to his own … Read more

TOP NEWS! Chuck Schumer FREAKS OUT After Mitch McConnell Issues The DEMAND He DREADS – McConnell makes the dems look like idiots

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I Love My Freedom reports, Senate Minority Leader Chuck Schumer (D-NY) was agitated on Wednesday as he blasted Senate Majority Leader Mitch McConnell (R-KY) for bringing the infamous Green New Deal to a vote. An Announcement he made last month. https://www.youtube.com/watch?v=JoyyVr7RCfA Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/watch-chuc…    

Don’t Get Caught In The Fed Trap Again

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by Dennis Miller The Government surprised the world in 2008 when the Fed bailed out the banks at the expense of seniors and savers. The Fed dropped interest rates to historic lows while buying U.S. treasuries and bad loans through their Quantitative Easing (QE) program. Seniors and savers lost over $4 trillion in interest income they … Read more

Danielle Park -The Last Honest Politician and Canadian Recession

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from Financial Survival Network Danielle Park talks about how Canada’s government is in crisis. The former attorney-general has blown the whistle on corruption and abuse of power. Of course it’s all in the name of protecting jobs for Canadians. But that tale is quickly unraveling. While the political situation continues to deteriorate, so too does the Canadian … Read more

Carney: U.S. Does Not Have a Labor Shortage; It Has a Wage Shortage. America does not need to import workers.

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America does not need to import workers. We have plenty of potential workers who were sidelined by the Great Recession and globalization. In the first two years of the Trump presidency, America created two million jobs. The unemployment level fell to an astonishing 3.7 percent in September, the lowest level in decades, and it has … Read more