On Wire

Breaking news, updates, and reports on current events.

‘There is nothing special about 2%’: BofA says the world’s central bankers just made up their inflation target

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The Federal Reserve has raised interest rates six times this year in its effort to lower inflation—currently at 7.7%—to what it considers to be the ideal level of 2%. But how did the central bankers decide that 2% is ideal rather than some other number? It’s a question several Fed critics have raised. On Friday, … Read more

Are you sure we can’t see an imminent crash in stocks?

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https://twitter.com/leadlagreport/status/1601306741303824384 Trying to actively manage the root layer of the financial system is even harder than trying to actively manage a portfolio. So in practice, it's like the firemen light the fire and then put the fire out, over and over. pic.twitter.com/XrtOeeyEKF — Lyn Alden (@LynAldenContact) December 10, 2022

This is evidence of a coup.

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This is evidence of a coup. https://t.co/UXjPWRMQkX — Former Congresswoman Marjorie Taylor Greene🇺🇸 (@FmrRepMTG) December 10, 2022 Twitter didn’t simply engage in viewpoint discrimination. They lied about it and then tried to cover it up. That’s not a good-faith mistake. It’s malicious and likely illegal. pic.twitter.com/PKUEvrBOYq — Vivek Ramaswamy (@VivekGRamaswamy) December 10, 2022 Coverage of … Read more

CASH TRANSACTIONS OVER $10K SOON TO BE BANNED

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The European Union is introducing new laws that will ban transactions over €10,000 ($10,557) in a major push toward an eventual cashless society. However, the laws also seek to impose stricter controls on cryptocurrency and will track crypto payments above 1,000 euros ($1,055). EU leaders ostensibly claim that the new restrictions are aimed at fighting … Read more

“Excess mortality has shifted so much – it’s pretty phenomenal”

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'Something Flipped in 2021 by 8 points': Ed Dowd "Excess mortality has shifted so much – it's pretty phenomenal" Healthy policyholders (exposed to vax mandates) suffered 40% excess mortality in '21, the general population (less exposed) saw a 31.7% excess mortality. pic.twitter.com/QDEI6ww0qv — New World Odor™ (@hugh_mankind) December 7, 2022 h/t JADR+

Gun Shops And Customers Claim Credit Card Firms ‘Restrict’ Firearm Purchases

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(ZeroHedge) Gun rights advocates warned that a new change to the credit card industry to add a firearm and ammunition-specific Merchant Category Code (MCC) for gun stores wasn’t about tracking guns necessarily, but could lead to the denial of lawful firearms purchases by law-abiding citizens. In September, Visa, Mastercard, and American Express all said they would adopt the MCC … Read more

16 Americans are still stuck in Russian prisons… Only one mattered to democrats…

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Here’s another of the men whom Biden left behind to extract a black lesbian pothead who hates America because she embodies his rotten base.  A teacher from Oakmont who’s been detained in Russia for more than a year remains in custody. This summer, Butler native Marc Fogel was sentenced to 14 years in a maximum security prison … Read more

Everyone hates the racist democrat…

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LOS ANGELES – Embattled Los Angeles City Council member Kevin de León sought Friday to emerge from political exile but was quickly turned away. De León, who has largely kept out of sight to avoid protesters angered over his participation in a leaked backroom conversation that included racist remarks, unexpectedly showed up to a City … Read more

Elon Musk says Twitter’s censorship of Hunter Biden laptop story was the ‘definition of election interference’ and that firm ‘was acting as an arm of the DNC’

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Musk spoke for nearly two hours in a ‘Twitter Spaces’ audio chat on Saturday He addressed files illuminating Twitter’s censorship ahead of 2020 election Claimed Twitter acted as an ‘arm of the Democratic National Committee’ Files released Friday showed Twitter staff discussing ban on Hunter laptop story They also show requests from ‘Biden team’ to remove … Read more

Inflation Gone In November? US Producer Prices Top Estimates At 7.4% YoY, Supporting Fed Hikes Into 2023

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by confoundedinterest17 Is inflation gone in November? Nope. US producer prices rose in November by more than forecast, driven by services and underscoring the stickiness of inflationary pressures that supports Federal Reserve interest-rate increases into 2023. The producer price index for final demand climbed 0.3% for a third month and was up 7.4% from a year earlier, Labor Department data … Read more

HUGE: European Union parliament politicians ARRESTED in money laundering bust!

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One of them was the European Union parliament VICE-PRESIDENT! https://twitter.com/sotiridi/status/1601306869490147329 #Update: Just in – Other reports suggest that Belgian police have taken all of the 16 politicians houses that theyr raided their, phones, laptops, desktops, Tablets and documents after a massive unseen political #EU raid by police in #Brussels for corruption and money laundering. — … Read more