On Wire

Breaking news, updates, and reports on current events.

UPDATE: Venezuela buckles under massive power, communications outage… Thousands Protest Maduro… China warns over foreign meddling

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Venezuela buckles under massive power, communications outage CARACAS, Venezuela (AP) — Venezuela’s worst power and communications outage on Friday deepened a sense of isolation and decay, endangering hospital patients, forcing schools and businesses to close and cutting people off from their families, friends and the outside world. While electricity returned to some parts of Caracas … Read more

Stock Rollover Could Be Starting

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by Chris Kimble The NYSE Index is facing a very important price level as Momentum and the MACD are at the highest levels in a year! The 9-week rally from the late December lows has the NYSE index facing the October, November, December highs and its 78% retracement this past week. Joe Friday Just The Facts Ma’am- Momentum, … Read more

Catalysts for a 1987 crash

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Catalysts 1) Mueller report soon 2) Bad or no trade deal 3) Weak economic data 4) China deval 5) Banks guide down 6) Brexit 7) North Korea 8) Buybacks are being turned off 9) Hawkish Fed 10) Strong Dollar 11) Highly levered market and consumer 12) Partridge in a pear tree https://twitter.com/hks55/status/1104154310924029955   Crash Alert? … Read more

State of the World’s Biggest Debt Slaves: Americans Wimp Out in 11th Place

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter And where do Chinese consumers fit in? Americans are infamous for their eagerness to spend money they don’t have. A whole industry has grown up around making that happen, from payday lenders to the government that guarantees or insures a large portion of the mortgages so that lenders and investors don’t … Read more

Bank For International Settlements Gold Swaps Rose By 56 Tonnes In February

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by Robert Lambourne via the Gold Anti-Trust Action Committee (GATA) The recent monthly statements of account published by the Bank for International Settlements indicate that the bank is still actively trading gold swaps, which the bank uses to gain access to gold held by commercial banks. There is not enough information in the monthly reports to calculate the exact … Read more

The Wealthiest Family In The World (Video)

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by bigfoush I feel like even in 2019 people still aren’t informed about the Rothschild’s dynasty. They’ve been around for hundreds of years and had a hand in so many major events. What do you think about them? How much power do they really have?      

Fund Manager: Trump’s Trade War Tweets, Buybacks, And A Short-Squeeze

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by Dave Kranzler of Investment Research Dynamics Someone last week suggested that Trump sees the stock market as the barometer measuring the success of his Presidency. I think his behavior, tweets, press comments, etc with respect to the stock market validates that assertion. The Dow trended lower all week last after Monday’s close. Whenever the stock market faded … Read more

The War On The War On Cash? Philly Is First US City To Ban Cashless Stores

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by Chris Powell of the Gold Anti-Trust Action Committee (GATA) By Scott Calvert The Wall Street Journal Thursday, March 7, 2019 Philadelphia is the first major U.S. city to ban cashless stores, placing it at the forefront of a debate that pits retail innovation against lawmakers trying to protect all citizens’ access to the marketplace. Starting in July, Philadelphia’s … Read more

It was 10 years ago today… (VIDEO)

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by bigbear0083 Whelp, today indeed marks exactly 1 decade that the S&P 500 bottomed out at 676 on an CLOSING basis. FWIW, this CNBC video clip is my own recording. I managed to resurrect this vid, as YouTube had terminated my previous channel a few months back that had hundreds of these old CNBC clips. Unfortunately, I … Read more

Internet Trolls and Shills: Experts in the Use of Logical Fallacies

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via themillenniumreport: Know thy cyber-enemy by understanding their MO Logical Fallacies The Skeptics’ Guide to the Universe Introduction to Argument Structure of a Logical Argument Whether we are consciously aware of it or not, our arguments all follow a certain basic structure. They begin with one or more premises, which are facts that the argument takes … Read more

The 17th edition of the French national protests.

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Tweets by GiletsJaunesGo ⚡️PARIS – TOUR EIFFEL / Rassemblement en cours des #GiletsJaunes pour l’#ActeXVIIhttps://t.co/SoNMQNTbxw pic.twitter.com/9nbiYZRHI2 — Pure. (@PureTele) March 9, 2019 One of the many calls circulating for the massive March 16th #GiletsJaunes action in Paris. “If you’re gonna organize a demo, make it a real one. Listen, it’s only when our rulers are … Read more

Some Major Stores Have Been Put On Death Watch As The Retail Apocalypse Worsens

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by Mac Slavo of SHTFplan Just two months into 2019, many more retail stores have announced their closures amid a slowing in consumer spending. The retail apocalypse is worsening and there are some major stores on “deathwatch;” which would mean going out of business forever. According to Money.com, in a single 24-hour period last week, Gap, J.C. Penney, and Victoria’s … Read more

“Synchronized Global Decline” Bad for World, Good for Gold – Eric Sprott

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Eric Sprott interviewed by Craig Hemke on The Weekly Wrap-Up March 8, 2019 The latest U.S. unemployment report is in (spoiler alert: it’s not good), the European Union moved to continue QE, and China made a surprising announcement. All this, and—finally!—a new CoT report. What does it all mean for precious metals? Eric Sprott joins us once again to … Read more

IRS & The Hunt for Taxes Worldwide

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by Martin Armstrong COMMENT: Marty…: My respected Australian broker in Sydney, to my horror today, has, for the first time, just asked me to supply the USA Internal Revenue Service with my Tax File Number because of a new requirement in the W8-ben form, otherwise he advises me that I will run the risk that they … Read more

35% of American Believe Government is the Problem

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by Martin Armstrong   The results of my life research, reading every newspaper story going into the bull market of the Roaring ’20s and the Great Depression revealed that before the high in 1929, when interest rates were rising, people interpreted it as BULLISH for it demonstrated that there was STILL a demand for money. Indeed, interest rates decline … Read more

Map: Cities With the Most Ultra-Rich Residents

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by visualcapitalist As of 2018, there is a grand total of 198,342 ultra high net worth individuals (UHNWIs) globally with assets over US$30 million, according to the most recent edition of Knight Frank’s Wealth Report. Although these millionaires and billionaires can be found all over the globe, the reality is that most of the world’s ultra-rich population … Read more