On Wire

Breaking news, updates, and reports on current events.

Criminal Complaint FILED Against Mueller! All Hell About To Break Lose For Deep State!

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Randy DeSoto for the Western Journal reports, Conservative author Jerome Corsi filed a “criminal and ethics” complaint against special counsel Robert Mueller on Monday, alleging his team threatened prosecution if Corsi refused to provide false testimony against Donald Trump’s presidential campaign. https://www.youtube.com/watch?v=s-08Sxf_ba4 Read More/Source/Credit/FairUse: https://www.westernjournal.com/jerome…    

We’re at 1929 and dot-com bubble valuations, equity bull market is over and it will now turn into a raging bear standing on the waterfall devouring every salmon trying to swim up stream.

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The U.S. stock market capitalization as a percent of GDP (Warren Buffett's favorite indicator) shows that we're at 1929 and dot-com bubble valuations: https://t.co/yAKYS3DTNv $QQQ $SPY pic.twitter.com/cGCXFh9bVf — Jesse Colombo (@TheBubbleBubble) December 4, 2018 https://twitter.com/hks55/status/1070091893642452992 https://twitter.com/Montyrumbold_/status/1070036519929421824 $VIX Bollingers almost at max oversold..still some potential room to the downside but I’m getting interested at these levels … Read more

A Matter of “Self-Preservation”: Debt Cancellation in the Bronze Age

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via Michael Hudson: Adapted from …and Forgive Them Their Debts: Lending, Foreclosure and Redemption from Bronze Age Finance to the Jubilee Year. Islet. November 15, 2018.  There has been an explosion of discussion about whether to cancel student debts. Critics of the idea point out that wealthy people would be the main gainers, posing moral hazard. The debate … Read more

“The End of Austerity in Europe”: What Happens When Demands for Fiscal Cutbacks Result in Violence?

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There was a time when European governments couldn’t utter a fiscal policy statement without mentioning the word “austerity.” Now, the concept seems to have all but disappeared from public discourse. Is the era of austerity finally over, and did austerity policies — essentially, those encompassing spending cuts and tax increases — achieve what they were … Read more

Wells Fargo “Sorry” for Foreclosing on Hundreds of Homeowners Erroneously

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via CBSNEWS: Wells Fargo says a computer glitch is partly to blame for an error affecting an estimated 545 customers who lost their homes. The giant bank filed papers with the Securities and Exchange Commission last month, revealing it incorrectly denied 870 loan modification requests. About 60 percent of those homeowners went into foreclosure. Legislators, … Read more

“It Just Pays Fines All the Time”: Can Deutsche Bank Survive?

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via knowledge.wharton: Deutsche Bank faces its most severe test yet in the wake of police raids on its Frankfurt offices last Thursday over suspicions of helping its clients in money laundering. The scene was dramatic: 170 officers descended on six Deutsche Bank buildings, including its headquarters, and seized documents and files, according to an NPR report. German … Read more

NASDAQ:EA price falling 44% from July, $144 to just $81 as more government regulators move to regulate lootboxes

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by YouOnlyLiftedOnce On 27 November 2018, the Australian Parliament has concluded a detailed report with detailed proposal including classify games including loot boxes as gambling. [1] After repeated delayed release and confirmed under-performance of EA’s latest releases Star Wars: Battlefront II and Battlefield V, compounded with increasing likelihood of complete lootbox bans, which accounts for … Read more

Second Regulator Warns on the Systemic Danger of Leveraged Loans

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via Bloomberg: A key regulator of Wall Street banks has joined the Federal Reserve in warning about risky corporate borrowing that has reached record levels as lender protections are eroded. The Office of the Comptroller of the Currency cautioned in its Semiannual Risk Perspective released Monday that it’s looking at “transactions with increasing leverage, weaker capital structures, … Read more

Qatar’s OPEC Exit May Just Be The Beginning

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Authored by Tim Daiss via OilPrice.com, Much has already been written over the last 24 hours by pundits and analysts alike about Qatar’s decision to leave the Organization of the Oil Exporting Countries (OPEC) by January next year. Some have chimed in, claiming that it’s an irrational move, while others have, perhaps correctly, attributed it … Read more

Number of living US presidents over time

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via J-L-Picard: Sources: ​ https://historyinpieces.com/research/presidential-inauguration-dates ​ https://en.wikipedia.org/wiki/List_of_Presidents_of_the_United_States_by_date_of_death ​ Made on MS Excel 365 ​ Inspired by: https://xkcd.com/893/  

15 Million People Were Just Blacklisted from Travel by China’s Social Credit Program and It’s Coming to America Soon

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via Meadow Clark: China’s social credit system is in full swing and has already blacklisted more than 15 million Chinese residents from travel. Is it coming soon to the U.S.? Recently, The Organic Prepper reported some shocking news of China’s newest rollout: a social credit system. It’s a system of surveillance and governance using a social scoring system … Read more

Michael Avenatti Has been Raising Money from the Public to Fund his Actions which is now Under Investigation

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by Martin Armstrong Stormy Daniels has come out and publicly stated that Michael Avenatti launched a site to raise money for her defense which pays him without her permission. The campaign raised $600,000 and she has also stated that she has no idea what happened to that money. CrowdJustice said it is now investigating what Avenatti … Read more

Cracks Appearing…Next Crisis Will Be Worse | Chris Martenson

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Chris Martenson of Peak Prosperity interviewed by Elijah Johnson of Silver Doctors Cracks are appearing on the outside. Many junk rated debt and periphery country’s stock markets are in bear markets. Watch out for the crisis to seek into the bigger sectors. The economy cannot grow exponentially in a finite world. An infinite model cannot run on a finite sphere. By … Read more

Russia Nudges Indian Policymakers To Move Away From The US Dollar

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by Zia Haq via the Gold Anti-Trust Action Committee Russia nudges Indian policymakers to move away from the dollar To counter US President Donald Trump’s economic sanctions, snap trade wars and the dollar’s dominance in world trade, Russia is nudging Indian policymakers to explore ways to stop depending on the greenback and conduct trade in alternative … Read more

Bear Trap #2?

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via SVEN HENRICH: Are we setting up for Bear Trap #2? After a 10% rally in $NDX in as many days a pullback was in the cards. From the Weekly Market Brief: “We’ll be reaching short term overbought readings into early December just ahead of traditional short term weaker seasonality. There likely will be some fade/retest trade opportunities. … Read more