On Wire

Breaking news, updates, and reports on current events.

Trade talks with China collapse: “This has all the makings of a complete disaster that could lead the stock market to crater this week”

by

by Michael Snyder Chaos has returned to global financial markets, and it does not appear that there will be an easy fix this time.  For the first four months of 2019, the mainstream media told us over and over again that a great deal of progress was being made on a trade deal with China … Read more

Good Riddance to a “Nothing-Burger” Trade Deal

by

by Charles Hugh-Smith China has expanded its domestic debt to fund its growth, much of which qualifies as malinvestment, creating financial vulnerabilities its government is anxious to mask. As I noted in Trade Deal Follies: The U.S. Has Embraced the World’s Worst Negotiating Tactics (April 8, 2019), the trade deal was a Nothing-Burger for the U.S. Without any … Read more

Can Australia’s Housing Bust Morph into a Financial Crisis?

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter As the housing bust in Australia progresses in its methodical manner, will it trigger a mortgage crisis that hits the big four banks, and the remainder of Australia’s financial system to the point where there’s a banking panic and a financial crisis in Australia? And what will this do to the … Read more

Record Setting Flooding In The Heartland: “The Mississippi River Has Been At Major Flood Stage For 41 Days And Counting”

by

by Michael Snyder Thousands of farmers in the Midwest have been waiting for a very long time for floodwaters to recede so that they can finally plant some crops, but instead more rain just keeps on coming.  As you will see below, it is being reported that the Mississippi River has now been at major … Read more

At any given time from the onset of the civil war until today, the US had as many as six different currencies circulating at the same time

by

via @OccupyWisdom : 1/ MONEY THREAD At any given time from the onset of the civil war until today, the US had as many as six different currencies circulating at the same time 2/ DEMAND NOTES Demand Notes were the 1st circulation of paper notes by the U.S. Govt. Issued 1861-62 as a way to pay for … Read more

A Hard U-Turn: Trucking Skids into Downturn after Phenomenal Boom

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Orders for Class-8 trucks – the heavy trucks that haul consumer goods, equipment, commodities, and supplies across the US to feed the goods-based economy – plunged 52% in April compared to April last year, to 16,400 orders, according to FTR Transportation Intelligence on Friday. It was the lowest April since 2016 when the … Read more

Global Warming Fail, Rare May Snow Across EU Continent

by

by Natura Naturans “Historic Arctic front moving across Europe this weekend.” “Winter is coming back in May!” exclaims reader. “It’s almost summer, but vast areas of Germany, Austria, Switzerland and Northern Italy are going to experience real winter conditions for the next few days (May 4th – 7th).” “Frost is going to destroy large crops over … Read more

The Purge is Real! Happening now.

by

via GLP If you don’t think it’s real and happening now, then just look around the internet. The Purge is digital. People’s Youtube, Facebook,and Twitter accounts, all purged. Now they’re working on purging your bank accounts, credit cards etc.. Don’t believe me, just research it. People are losing their bank accounts, and now credit card … Read more

Senate Democrats: Trump hitting “100th judicial appointment … packing our courts with far-right judges … Decades [of liberalism] erased”

by

  This week, five judicial nominees are expected to be confirmed, meaning Trump will likely hit his 100th judicial appointment. Mitch McConnell is packing our courts with these far-right judges at a record-setting pace, and without a majority, Democrats can’t stop him. #DitchMitch — Senate Democrats (@dscc) May 2, 2019 .@realDonaldTrump and the Republican-led Senate … Read more

Alan Sabrosky on this week’s censorship avalanche: NYT, Jeremy Corbyn, Roger Waters, Alain Soral, D. Icke, Louis Farrakan, AJ…who’s next

by

By Kevin Barrett – May 4, 2019 This week the West got buried beneath an avalanche of censorship. Can you guess who was behind it? Hint: Here are some of the news stories about the week’s superficially unrelated cases of censorship: Facebook bans “dangerous extremists” French intellectual sent to prison for a cartoon Los Angeles … Read more