On Wire

Breaking news, updates, and reports on current events.

Dollar Plunges on News of a Lack of Rate Hikes

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by Chris Black The inflation is here to stay, whether you raise the rates or not. The only reason you would raise rates to try to do something with inflation is if you were purposefully trying to collapse the economy.  It doesn’t make any sense otherwise. If the government is backing down on rate hikes, … Read more

The Big Tech Companies are Allowed to Simply Lie About “Not Being Able to Fill Positions” Using American Labor

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by Chris Black The fact is that every single year, there are more domestic STEM graduates in the US than there open positions in those fields. There’s absolutely no legitimate reason why they couldn’t fill the positions. It’s just cheaper to hire foreigners than it is to hire actual Americans. Republicans allow them to get … Read more

Making Common, Golden Sense of the Next Senseless Bank Crisis

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By Matthew Piepenburg The latest headlines, of course, are all pointing toward the ripple effect of Silicon Valley Bank (SVB), and they should be. This banking metaphor for the tech sector in particular and the previously described disaster in California as a whole or the matter of banking risk as a theme, require understanding and attention, provided below. … Read more

Federal Deposit Insurance Corporation (FDIC) Alert! Special filing with Federal Register: FDIC submits notice for CLOSED DOOR meeting that already occurred as the public interest did not require consideration of the matters in a meeting open to public observation.

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by Dismal-Jellyfish Source: https://public-inspection.federalregister.gov/2023-05351.pdf Reminder, changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge take effect TODAY. The Excess Capital Premium (ECP) charge is a component of the Clearing Fund that is designed to mitigate the heightened default risk a member could pose to NSCC if it operates with lower capital … Read more

This Bailout means Inflation is here to STAY

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by oompaloompa224 The recent Fed announcement has inflationary implications that will cause an even bigger inflationary banking crisis. Banking institutions will now gain the ability to borrow from the Fed at the face value of their bond holdings. So if Bank A made the dumb decision to buy treasuries when yields were 2%, and now … Read more

NSCC Alert! Reminder, changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge take effect TODAY.

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by Dismal-Jellyfish Source: https://www.dtcc.com/-/media/Files/pdf/2023/2/24/a9264.pdf Subject: Implementation Date of Changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge On the morning of the effective date, the ECP charge will be calculated using the proposed changes, which compares a Member’s applicable capital amounts to its Volatility Charge, clarifies the capital amounts used for … Read more

N Korea Successfully Launches 2 Strategic Cruise Missiles from Submarine

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North Korea Launches Missiles From Submarine, South Korea Says South Korea’s Joint Chiefs of Staff (JCS) disclosed that the missile was fired from the eastern coastal city of Sinpo on Sunday morning, but did not provide additional information at the time. https://breaking911.com/breaking-north-korea-launches-missiles-from-submarine-south-korea-says/ After North Korea fired two strategic cruise missiles from a submarine, the mayor … Read more

Paris on fire

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Among the demonstrators are representatives of leading trade unions, workers in transport, energy, industry and other sectors, medical workers, teachers, youth and student organizations, supporters of the yellow vests movement, as well as radical black bloc youth. — 🅰pocalypsis 🅰pocalypseos 🇷🇺 🇨🇳 🅉 (@apocalypseos) March 13, 2023

Pope Francis calls Catholic Church’s ban on priests having sex ‘temporary’ opening door to review of 1,000-year-old celibacy rules

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Pope Francis, 86, hinted that priests may not have to be celibate in the future It comes after growing calls to drop rule that was introduced in the 11th century The Catholic Church is open to reviewing its thousand-year-old practice of celibacy, Pope Francis has suggested. He said the ban was only ‘temporary’ and there … Read more

The Biden economy looks great!

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Jeffrey Gundlach: Imminent recession UST yield curve now aggressively steepening after sustained inversion is highly suggestive of imminent recession. — Jeffrey Gundlach (@TruthGundlach) March 13, 2023 The Banking System is Safe and Effective.  

The “panic” around SVB is manufactured to get a bailout consensus. Don’t fall for the BS. Here’s what’s really going on.

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There’s something very ugly happening right now: VCs & startup execs who stand to lose their deposits at SVB are going *out of their way* to push a narrative that there’ll be a bank run on Monday if SVB depositors aren’t bailed out by the government. They’re yelling fire in the… — Vivek Ramaswamy (@VivekGRamaswamy) … Read more