On Wire

Breaking news, updates, and reports on current events.

‘Workarounds’ Galore: How Real Americans Deal with ‘Real’ Inflation

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by Charles Hugh-Smith It’s the list of workarounds – always growing, never shrinking – that’s telling us the true story of inflation in America. Today I’m publishing a guest post by writer Bill Rice, Jr., on “real inflation,”which as everyone knows far exceeds the “official” inflation rate of 2%. Bill and I corresponded earlier this … Read more

Guaido’s coup is a ‘farce’ – Daniel McAdams

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RT, Released on 4/30/19 Venezuela’s opposition leader and US-back presidential aspirant Juan Guaido has called for a military uprising in his latest effort to topple President Nicolas Maduro. Clashes have broken out between police and protesters in Caracas. Meanwhile police in Washington, DC have set up barricades between the pro-Maduro activists occupying Venezuela’s embassy and … Read more

Why Are Clapper and Brennan Not in Jail?

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Via American Greatness The clearest of all the laws concerning U.S. intelligence is Section 798, 18 U.S. Code—widely known in the Intelligence Community as “the Comint Statute,” or “the 10 and 10.” Unlike other laws, this is a “simple liability” law. Motivation, context, identity, matter not at all. You violate it, you are guilty and … Read more

Danielle Park – Global Luxury Housing Slump?

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Talk Digital Network, Released on 4/30/19 Danielle joined us to talk about the global luxury housing slump. Whether it’s in the Hamptons, Vancouver or LA, it’s happening now. How can this be with such a strong economy? We also talked about the fallacy of recycling, how it’s devolved into a corporatist affair and isn’t doing … Read more

Steve St. Angelo: Lousy Shale Economics – Financial Troubles Continue At ExxonMobil

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by Steve St. Angelo of SRSrocco Report After reporting lower than expected earnings, ExxonMobil’s stock price sold off on Friday.  The company blamed poor performance on reduced production volumes and a weaker oil price.  However, the real culprit will turn out to be Exxon’s big move into the Great U.S. Shale Oil Ponzi Scheme. As I mentioned in … Read more

Govt searches of phones, laptops at airports rising

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via philly: WASHINGTON (AP) — U.S. government searches of travelers’ cellphones and laptops at airports and border crossings nearly quadrupled since 2015 and were being done for reasons beyond customs and immigration enforcement, according to papers filed Tuesday in a federal lawsuit that claims scouring the electronic devices without a warrant is unconstitutional. The government has … Read more

2 Aircraft Carriers Have Left Port – Are The USS Eisenhower And The USS Roosevelt Headed South Toward Venezuela?

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by Michael Snyder Juan Guaido has initiated a violent uprising in an attempt to overthrow Nicolas Maduro, and it appears that the U.S. may be preparing to intervene in the conflict militarily.  The USNI News Fleet and Marine Tracker accurately tracks the current positions of U.S. naval assets, and according to them the USS Dwight D. Eisenhower … Read more

Social Security Costs to Exceed Income in 2020

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by FS An annual government report indicated Social Security’s costs are expected to exceed its income starting in 2020. When this last happened in 1982, the 1984 Social Security fix followed where Congress raised taxes and raised the income level subject to taxation to cover the shortfall. What will happen now that we’re set to face this … Read more

Excess reserves are getting too scarce as seen in the now positive spread between EFFR and IOER

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#Fed $USD 🇺🇸 Excess reserves are getting too scarce as seen in the now positive spread between EFFR and IOER Fed holds three options: 1: End QT earlier than October 2: Cut IOER without cutting RRP (difficult to communicate) 3: Introduce an open-ended repo-facility pic.twitter.com/E9i9QwU71y — Andreas Steno Larsen (@AndreasSteno) April 30, 2019

The Clever Market Timing Withdrawal Strategy – an alternative to traditional withdrawal strategies

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by arthur450 Plenty has been written about withdrawal strategies. Yet, one dimension has been, in my opinion, under-explored: market timing. And believe me, I’ve read more or less everything ERN has written on the topic. Yes, I can hear it from over here: you can’t time the market! Which is true, but not really. Hear … Read more

Deceptive Banking Practices

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by Afrabuck So my wife and I have a vacation account with a large multi state bank. We only use it to hold our vacation fund and have purposely decided to separate it from our savings and checking bank. We place any gifts (Christmas, Anniversary, and Birthdays) directly into this account to save for something … Read more