On Wire

Breaking news, updates, and reports on current events.

Elon Musk: “Even if you tax every billionaire in America at 100%, it barely makes a dent in the national debt. In the end, the government will be forced to tax everyone to pay the debt. Btw, $31T doesn’t include unfunded liabilities, which are *much* higher.”

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Personally, I think it is already too late. There is no way for our political system to turn this around. The debt will continue piling up to 200% debt to GDP. The Fed will have to eventually do yield curve control to keep the interest expense from consuming all tax rev. — Wall Street Mav … Read more

Emerald Robinson: “The FBI ran the Russia hoax. The FBI’s hiding laptops from Seth Rich, Huma Abedin & Hunter Biden. The FBI ran Jan 6th “insurrection” with Ray Epps. And the fake Gov Whitmer kidnap plot. FBI agent was Arizona’s “election director” in 2022.”

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https://twitter.com/portsidetwd/status/1616098533341290497 THE RETURN OF MY SHOCKED FACE:  Biden Lawyers And FBI Are Covering For Him. NO ENEMIES TO THE LEFT: Antifa Shoots a Cop in Atlanta; After the Police Respond and Kill a Thug, Antifa Groups Call for a “Night of Rage” and Violent Retaliation Against the Police. Biden, the FBI Remain Silent. FBI Director Christopher Wray at … Read more

Things have got serious lately, guys.

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by LostHoldenCaulfield Yesterday, I read a lot of game-changing pieces of news. All in one day. Unbelievable. Some of them are: https://twitter.com/markets/status/1615258675987320832 https://www.arabianbusiness.com/politics-economics/saudi-arabia-open-to-non-dollar-trade https://markets.businessinsider.com/news/currencies/dollar-dominance-russia-iran-gold-backed-stablecoin-crypto-2023-1 and more But most importantly https://twitter.com/zerohedge/status/1615450667362967583 And the recent BoJ’s decision to defend the bond’s cap https://www.reuters.com/markets/asia/japans-yield-control-faces-biggest-test-date-boj-debates-policy-2023-01-17/ Do you get it? They have decided to sacrifice Yen and cause hyperinflation in … Read more

Bitcoin is a hyped-up fraud, it’s a pet rock’: says JP Morgan CEO Jamie Dimon

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Chairman and chief executive of JP Morgan Chase Jamie Dimon shared his thoughts about crypto and bitcoin on CNBC’s Squawk Box on Thursday morning In an interview on Thursday morning on CNBC, billionaire Jamie Dimon, Chairman and chief executive of JP Morgan Chase, shared his thoughts regarding crypto and bitcoin . “Bitcoin itself is a … Read more

Trump announces new plan to destroy CCP influence in America, totally ban their buying up of farmland, tech, US natural resources and more…

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Courtesy Citizen Free Press…. 🚨🚨🚨 EXCLUSIVE: Trump announces new plan to destroy CCP influence in America, totally ban their buying up of farmland, tech, US natural resources, critical infrastructure pic.twitter.com/TQ1Lq5bajZ — Jack Posobiec (@JackPosobiec) January 18, 2023

Here is a look at some of the possible consequences, if the debt ceiling unraised government is no longer able to meet its financial obligations.

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1. Slashed Government Services If the U.S. goes into default, or runs up against the deadline, the government will have difficult decisions to make. The law will require the U.S. to continue payments for entitlement programs such as Social Security and Medicaid, while at the same time denying the government the ability to borrow in … Read more

3rd World Tier Justice System: Alec Baldwin Charged With Manslaughter

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by Chris Black This is totally insane. Look, no one likes Alec Baldwin. That goes without saying. But it’s not his responsibility to check the fidelity of the blanks in his guns on a movie set. That was the job of a professional, which in this particular case was a fat millennial girl. https://twitter.com/RPKReport/status/1616163474970939392 What … Read more

Soft landing is off the table. Recession incoming

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AMAZON Lays off 18,000 employees Across, United States, Canada & Costa Rica… Soft landing is off the table. Recession incoming 😢 pic.twitter.com/fCs8BXqdHd — Wall Street Mav (@WallStreetMav) January 19, 2023 FED'S WILLIAMS: THE FED MUST MAINTAIN ITS CURRENT POLICY UNTIL INFLATION RETURNS TO 2%. — FinancialJuice (@financialjuice) January 19, 2023 #copper just keeps on climbing. … Read more

WE WERE TOLD HE WAS A MODERATE JURIST. HE’S ACTUALLY A POLITICAL HACK OF THE WORST SORT…

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  Merrick Garland kept FBI out of Biden document search. And yes, it was a decision. They considered it, but somehow decided that sending actual law enforcement agents to oversee the search would “compromise” the investigation. . . . “We are protecting the integrity of the case by allowing the investigated to run it” is … Read more