On Wire

Breaking news, updates, and reports on current events.

NSA Whistleblower: Government Collecting Everything You Do

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Abby Martin interviews former Technical Director of the National Security Agency, Bill Binney, who blew the whistle on warrantless spying years before Edward Snowden released the evidence. They discuss the US empire’s mass surveillance program and dangers of the Intelligence Industrial Complex. Transcript & Links: https://bit.ly/2VkHT9i    

Is The LYFT IPO The Inflection Point In The Ponzi?

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via AdventuresInCapitalism.com, Over the past few quarters, I have become increasingly critical of the Profitless Prosperity Sector, known amongst my friends as the Ponzi Sector. Why Ponzi Sector? Because these companies have no profits yet continue to raise new capital by showing explosive revenue growth. Oddly, the more revenue they show, the more money they lose, because incremental revenue … Read more

FITTON:HUGE Scandal: Hillary Clinton put classified info on Internet equivalent of public park bench and Chinese took advantage. Clinton protected from fallout by Strzok. Judicial Watch suing for answers. submitted a minute

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by TFittonJW   Judicial Watch keeps on pushing: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-sues-for-details-of-an-intelligence-office-meeting-with-fbi-regarding-security-threats-caused-by-hillary-clintons-illicit-email-system/  (Washington, DC) – Judicial Watch announced today that it is suing the Office of the Director of National Intelligence (ODNI) for details of a meeting with the FBI regarding national security threats associated with former Secretary of State Hillary Clinton’s “private” email system. Judicial Watch filed the lawsuit … Read more

Largest monthly inflow to S&P 500 growth ETF ever! VIX short positioning by speculators is more extreme than it was just prior to the market selloff in Q4 2018.

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Largest monthly inflow to S&P 500 growth ETF ever! Previous inflow extremes also preceded significant market selloffs. Record bullishness at near record valuations can never a good sign. Credits to @jessefelder pic.twitter.com/fSpEIEVr20 — Otavio (Tavi) Costa (@TaviCosta) April 1, 2019 VIX short positioning by speculators is more extreme than it was just prior to the … Read more

BUST: Whole Foods will slash prices, Walgreens lowers 2019 forecast, Apple slashes iPhone prices in China

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Whole Foods will slash prices on hundreds of items starting Wednesday Whole Foods will slash prices on hundreds of items starting Wednesday. Customers will save an average of 20 percent on the new reduced-price items. It expects to focus its discounts on produce, such as greens, tomatoes and tropical fruits.   Walgreens shares slide as … Read more

A whopping $1.5 trillion in reserves are now sitting in Fed reserve accounts. We, the taxpayers, are paying $36 billion annually to private banks for parking them, rather than lending them out.

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by Orangutan The Fed is supposedly a private organization that print our currency and charges us interest for doing so. Ellen Brown wrote this article and I think she even did an AMA here at one point. She’s also in the documentary by Bill Still called The Money Masters or The Secret of Oz if I … Read more

Cumulative Central Bank Balance Sheets

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by SpontaneousDisorder This is the process by which their balance sheets have expanded in recent years. https://en.wikipedia.org/wiki/Quantitative_easing   Quantitative easing Quantitative easing (QE), also known as large-scale asset purchases, is a monetary policy whereby a central bank buys predetermined amounts of government bonds or other financial assets in order to inject money directly into the … Read more

Desperate for some reality? Don’t look to media editorial or politics for help:

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by John Ward Watch the commercial breaks.  A divided country, a divided Parliament, a divided Cabinet, a disloyal Civil Service and a mendacious media set. If you were trying to find a resolution to the Brexit impasse, you wouldn’t start from here. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ These are all the things you wouldn’t have done: Traipse around the EU … Read more

Sven Henrich: It’s Make Or Break Time For The Markets

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by Adam Taggart Stocks are poised to break big, one way or the other It’s make or break time in the markets cautions Sven Henrick, technical analyst and lead market strategist for Northman Trader. His weekly flurry of trendline charts warn that the major indexes have been compressing in rising wedges that increasingly point to a binary outcome: … Read more

Andrew Yang’s Universal Basic Income is DOOMED to FAIL

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by Spencer P Morrison, NEE From The Siren of UBI: Robots aren’t taking our jobs. Andrew Yang thinks automation will result in mass unemployment, and therefore we need a UBI to soften the blow. Both the economic logic and evidence suggests otherwise. Begin with this logic: Employment is determined by the ratio between productivity and output. All other things being … Read more