On Wire

Breaking news, updates, and reports on current events.

Adem Tumerkan: ‘We won’t see any meaningful “recession” until in the later half of 2023 at the earliest’

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The problem w/ all the stimulus is that it made prices greatly outpace wages Thus individuals have actually grown poorer as wages can’t keep up For those with savings/access to debt, they can use it to fill the difference (as we’ve seen) But that will hit a wall pic.twitter.com/i79fRcdcmi — Adem Tumerkan (@RadicalAdem) February 15, … Read more

Peter ZĂśllner, Head of Banking Department of the BIS, at the Global Precious Metals Conference 2022, Lisbon about what GOLD is…… they love GOLD! But want everyone else use DEBT as an asset!

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by Quant2011 https://www.bis.org/speeches/sp171022.htm and they say it openly: Gold is durable and largely imperishable, and nobody’s liability if you hold it physically in your vaults, which frees it from default or counterparty risk. Unlike currencies and debt instruments – which are claims on foreign governments or institutions – gold kept in your vaults isn’t subject … Read more

We are experiencing the fastest rate hikes in half a century, eventually sanity will prevail…

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https://t.co/xcm1INGoLq — Win Smart, CFA (@WinfieldSmart) February 15, 2023 Protection ended well pic.twitter.com/RYtTKLbvh5 — Alessio (@AlessioTMAD) February 15, 2023 The Cost of Protecting Against a US Government Default — (1Y US CDS) pic.twitter.com/loMZmLjMsY — Michael McDonough (@M_McDonough) February 15, 2023 6-month treasury bill climbs over 5%, first part of the yield curve over 5% since … Read more

Retail sales are rebounding, and the job market is stronger than ever. Inflation remains sticky and elevated.The FED will be forced to tighten more than expected.

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https://twitter.com/MFHoz/status/1625912730979794952 2-year inflation across the US and the EU. This shows price increases in the past 24 months (measured from Jan 2021 to Jan 2023). US 2-year inflation is 14%. 🇺🇸EU 2-year inflation is 17%. 🇪🇺(both underreport the data with statistical tricks) pic.twitter.com/QngkOrwr3q — Wall Street Mav (@WallStreetMav) February 15, 2023 FED fund rate projection … Read more

US Mortgage Applications Decline 7.7% From Last Week As Fed Continues Their Counterattack On Inflation (Purchase Apps Down 43% From Last Year, Refi Apps Down 76%)

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by confoundedinterest17 US inflation is causing The Federal Reserve to raise interest rates, and mortgage applications are suffering. Mortgage applications decreased 7.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 10, 2023. The Refinance Index decreased 13 percent from the previous week … Read more

A.I military systems are now operational

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M1 Abrams Tank Tested With Artificial Intelligence Targeting Systemhttps://t.co/1yhypISXyD — TWZ (@thewarzonewire) February 14, 2023 A military AI program successfully piloted a live F-16 😳https://t.co/giXdZ4Qpbw — Not the Bee (@Not_the_Bee) February 14, 2023 US, Israel, allies using AI to predict future Iran drone strikes – US gen.https://t.co/rAsAwXTh6o — Aleph א (@no_itsmyturn) February 15, 2023 The … Read more

Canada clamps down on military research as China concerns grow

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Why in the heck would he be doing this in the first place.. Canadian Prime Minister Justin Trudeau’s government will stop funding projects affiliated with universities, institutes or labs connected to foreign military, national defense or state security entities. https://vancouversun.com/pmn/business-pmn/canada-clamps-down-on-military-research-as-china-concerns-grow/wcm/30f2bb2c-d1f8-488b-9fc7-8d54d084fb1e A brilliant scientist was mysteriously fired from a Winnipeg virus lab. No one knows why. … Read more

NEVER let anyone tell you there isn’t a ‘One World Government’…

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NEVER let anyone tell you there isn’t a ‘One World Government’…when these unelected Rat Bastards openly state there’s a ‘One World Government’…at the ‘World Government Summit’. Earlier today…“We are just now…moving to the exponential stage” -Klaus Schwab pic.twitter.com/GwMF0LLv1p — Liz Churchill (@liz_churchill10) February 15, 2023

Scotland First Minister Nicola Sturgeon has resigned Update: stormed out – refused to answer if she had been questioned by police

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Nicola Sturgeon has announced she is resigning as Scotland’s first minister after more than eight years in the role. The Scottish National Party leader said she knew “in my head and in my heart” this was the right time to step down. Ms Sturgeon said she would remain in office until her successor was elected. … Read more

Videos show Turkey’s Erdogan boasted letting builders avoid earthquake codes

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As Turkish President Recep Tayyip Erdogan struggles to defend his response to last Monday’s devastating 7.8 magnitude earthquake, videos from a few years back have emerged showing him hailing some of the housing projects that crumbled, killing thousands of people. In one video, taken during a campaign stop ahead of Turkey’s March 2019 local elections, … Read more

This is the Biggest Load of BS I’ve Seen in Years… and That’s Saying Something.

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By Graham Summers, MBA Yesterday I wrote to you about the complete and utter BS that was the January jobs report. By quick way of review… 1) The reason the U.S. economy supposedly “added” 500,000+ jobs in January was due to an accounting gimmick, NOT because those jobs were actually created. 2) The Bureau of … Read more