On Wire

Breaking news, updates, and reports on current events.

Blackrock’s Dire Forecast For 2023 And FAANG’s Loss Of >$3 Trillion In 2023 (M2 Money Velocity Near Lowest In History, US Yield Curve STILL Inverted)

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by confoundedinterest17 Blackrock has a grim presentation on investing in 2023. Particularly with regards to The Federal Reserve and their ability to stave-off a recession (comin’ at you!). Central bankers won’t ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. They are deliberately causing recessions by … Read more

US Prosecutors Look to Charge Binance and CZ on Possible Money Laundering Violations

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US Prosecutors Look to Charge Binance and CZ on Possible Money Laundering Violations: Reuters The Department of Justice has also discussed possible plea deal with Binance’s lawyers, the report added. U.S prosecutors are considering charging crypto exchange Binance and its executives for possible money laundering and sanctions violations, Reuters reported, citing sources. The Department of … Read more

Indian and Chinese troops in a faceoff!! 9 injured

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New Delhi: Indian and Chinese troops briefly clashed at the Line of Actual Control (LAC) in Arunachal Pradesh last week before disengaging. The face-off on December 9 led to “minor injuries to a few personnel from both sides” and the two sides “immediately disengaged from the area”. The face-off took place at the Tawang Sector … Read more

In Africa, China is building influence brick by brick

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17/ CHINAFRICA In Africa, China is building influence brick by brick This entire continent (from violent extremists in Sahel, Maghreb to Russia mercenaries to China "infrastructure" deals + dictator diplomacy) is giant aircraft carrier of future conflicthttps://t.co/eHv2CMQzyq — Josh Wolfe (@wolfejosh) December 12, 2022

BIS Gold Swaps Reverse Sharply Upward As Metal’s Price Rises

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By Robert Lambourne via GATA On November 10 my most recent commentary on the gold swaps of the Bank for International Settlements noted that “after 12 years in the gold swap business, the BIS seems to have just about gotten out”: https://gata.org/node/22286 It goes to show how wrong you can be, since the bank’s November statement of account, … Read more

A worse-than-expected recession is the biggest market risk next year, per Deutsche Bank poll. Do you agree?

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by predictany007 Stock Market Outlook for 2023 Turns Unusually Bearish on Recession Fears US TREASURY SECRETARY YELLEN: THERE IS A RISK OF A RECESSION, BUT IT IS NOT NECESSARY TO BRING INFLATION DOWN. — FinancialJuice (@financialjuice) December 12, 2022 As we exit earnings season, the focus is likely to be on macro and Fed policy. … Read more

Now with a looming recession NYC Mayor says we need to pull back and some politicians call that austerity

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It’s wild to look at how much the NYC budget has increased in the past 8 years, it’s added nearly $30 billion Now with a looming recession @NYCMayor says we need to pull back And some politicians call that austerity. pic.twitter.com/7FE8nBIffS — @votemorgan39 (@VoteMorgan39) December 12, 2022 98% of CEOs Expect a Recession in 12-18 … Read more

100% Probability Of US Recession In 2023

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by confoundedinterest17 Fun week ahead. US inflation numbers are out on Tuesday (forecast? CPI YoY = 7.3%, Core CPI YoY = 6.1%) and The Federal Reserve’s Open Market Committee (FOMC) rate decision is on Wendesday. So, where are we sitting on Monday? First, the US Treasury 10Y-2Y yield curve has been inverted (a precursor to recession) … Read more

Americans Understand Gold The Least!

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Keith Weiner with Patrick V. on Silver Bullion TV SBTV (https://www.silverbullion.com.sg/SBTV) spoke with Keith Weiner, Founder and CEO of Monetary Metals, about why gold is the best money and why the yield curve inversion in Treasury yields point to a collapse of credit demand. FULL SHOW NOTES AND LINKS HERE

Meta Threatens to Pull Out All News Content From Facebook Platform if Made to Pay For It

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by Chris Black So Facebook, who has been working with the US Government, like Twitter was, and censoring Conservatives/dissenters, is now whining about ” muh Free Speech”? Hilarious. Meta statement on the Journalism Competition and Preservation Act: pic.twitter.com/kyFqKQw7xs — Andy Stone (@andymstone) December 5, 2022 The content broadcast by what was laughingly known as ‘Mainstream … Read more

Five California counties giving $1,000/month to pregnant black women and Pacific Islanders ONLY

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SAN FRANCISO — The city’s guaranteed basic income program for pregnant black women is expanding to four counties across California next year through millions in state funding. The program gives $1,000 monthly payments to black and Pacific Islanders. SAN FRANCISO — The city's guaranteed basic income program for pregnant black women is expanding to four … Read more

Road to total US vehicle fleet electrification

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Source: American Transportation Research Institute. Installing charging equipment at truck parking stops across the U.S. could cost upwards of $35 billion, based on a per-unit cost of $112,000 (American Transportation Research Institute). h/t  Infamous_Sympathy_91

Thousands of parents will get £35 to spend at supermarkets: how to find out if YOU are owed the cash (gimmicks like this do nothing to address the root cause of inflation: Money Printer Go BRRRR)

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Thousands of parents will be able to receive £35 vouchers to spend at the shops  It comes as part of the Household Support Fund handed out to local authorities   Councils have been given part of the £1 billion fund to help those most in need Thousands of parents will be able to get their hands … Read more