On Wire

Breaking news, updates, and reports on current events.

There’s a lot more Wealth Destruction to go. The liquidity squeeze is just getting started. Forward EPS for global stocks are coming down.

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$80 Trillion – combined value of US Housing + Stock Market $25 Trillion – GDP There's a lot more Wealth Destruction to go. 📉 pic.twitter.com/zRDOtYgUzU — Nick Gerli (@nickgerli1) October 5, 2022 The liquidity squeeze is just getting started. https://t.co/aV56xztXKN — Ben Hunt (@EpsilonTheory) October 6, 2022 I don’t think people fully understand the situation.. … Read more

Biden just pardoned everyone convicted of the federal crime of marijuana possession. And set in motion a process to reschedule or deschedule cannabis under the Controlled Substances Act.

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by YourFunnyUncle Biden just pardoned everyone charged with simple marijuana, calls on governors to do the same. Takes first steps to federal legalization. As I’ve said before, no one should be in jail just for using or possessing marijuana. Today, I’m taking steps to end our failed approach. Allow me to lay them out. — President … Read more

Biden Energy Policies Costing Economy $100B Per Year

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President Biden and senior officials in his administration have repeatedly said this year that the U.S. is near “record levels” of domestic oil and gas production. According to a new study, however, that’s not exactly the case. The analysis by economists Stephen Moore and Casey Mulligan found that the Biden administration’s policies have caused the … Read more

LA Treasury announced that Louisiana will divest ALL Treasury funds from BlackRock, totaling $794M to be removed by year’s end

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@ConsumersFirst applauds Treasurer Schroder's commendable decision to withdraw the state's assets from BlackRock's misuse. https://t.co/h3qwkpHoMC — Will Hild (@WillHild) October 5, 2022 The seeds of today's energy crisis were planted by BlackRock and others in their reckless abandonment of their fiduciary duty to cozy up to radical, woke politicians. We are glad to see the … Read more

Gas Station Margins Plunge, Many “Under Water”

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Despite gas prices rising over the past weeks, retail gas stations are seeing their margins decrease, putting a strain on such businesses. The national average price of regular gas, as of Oct. 5, was $3.831 per gallon, up $0.26 from the previous day, $0.66 from a week back, and $0.45 a month ago, according to data from … Read more

Tesla Will Remove More Vehicle Sensors Amid Autopilot Scrutiny

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SAN FRANCISCO—Tesla Inc. said on Tuesday it will remove ultrasonic sensors from its vehicles starting this month, as it moves ahead with using only cameras in its safety and driver-assistant features. Tesla vehicles now have 12 ultrasonic sensors on the front and rear bumpers, and short-range sound sensors are mainly used in parking applications and to detect … Read more

Americans See Biggest Pay Cut Under Biden

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Americans are experiencing the biggest pay cut in decades in large part due to inflation, new data shows. The Federal Reserve Bank of Dallas, one of several regional Fed banks around the country, released new wage and price data, and it isn’t good news for Americans. “We find that a majority of employed workers’ real … Read more

Freespoke – It’s the best search out there for getting the results devoid of bullshit like Google manipulation.

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https://freespoke.com/ from their About Page: A Search Engine for the Heart of America THE FREESPOKE STORY We exist because the search results you’re looking for shouldn’t be buried on page 6, if they’re allowed to appear at all. Google, Amazon, and Facebook have too much power over the information we see. We can hardly search, … Read more

UK – National Grid unveils plan for three-hour blackouts this winter to tackle gas shortage

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Households and businesses across the UK could face planned power cuts this winter, if the country is unable to import electricity supplies from Europe, the National Grid has warned. The utility company responsible for the distribution of energy unveiled its plans to ration supplies as the UK struggles to secure enough gas imports to fuel … Read more

Nord Stream is Still Alive; Team Neocon f*cked-up and may have made one of the biggest strategic blunders in history

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“After ‘parties not-so-unknown’ bombed the Nordstream gas pipeline, Anthony Blinken celebrated the ‘tremendous opportunity.’ He assumed the whole Nordstream operation was out of commission. That would have given US producers the chance to make billions of dollars robbing Europe blind selling overpriced gas. But Blinken may have celebrated too soon. According to Bloomberg News: ‘After … Read more