On Wire

Breaking news, updates, and reports on current events.

Cleveland Fed Governor Loretta J. Mester believes interest rates should go higher… Richmond Fed Governor Thomas Barkin: I also want to reduce inflation,” “And if more increases are what’s necessary to do that I’m comfortable doing that.

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by Dismal-Jellyfish Inflation Alert! Cleveland Fed Governor Loretta J. Mester believes interest rates should go higher: “And so the question, you know, in my mind is have we gotten to that rate yet? And at this point, given the data we’ve gotten so far, I would say no, I don’t think we’re at that rate … Read more

Matt Gaetz: ‘The FBI Has Now Become a Disinformation and Election Interference Enterprise’ [VIDEO]

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MTG Introduces Articles of Impeachment Against Corrupt FBI Director Christopher Wray: ‘Under His Watch, the FBI Has Intimidated, Harassed, & Entrapped Americans Who Have Been Deemed Enemies of the Biden Regime’ Rep. Marjorie Taylor Greene (R-GA) introduced articles of impeachment Tuesday against Federal Bureau of Investigation director Christopher Wray, the lawmaker announced. Sharing the news … Read more

‘This is perhaps one of the strongest cases for the long-term demand for commodities in the following years.’

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Otavio (Tavi) Costa: This is perhaps one of the strongest cases for the long-term demand for commodities in the following years. For the past two decades, US industrial production has remained stagnant, despite experiencing exponential growth for the preceding 80 years. This stagnation is reflected in the fact that today’s level of production is equivalent … Read more

Inflation numbers are underreported. People are struggling. The open interest for VIX call options hit a 5-year high

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via fortune: US households showed signs of increasing financial stress in the first quarter, with credit card balances not declining in the way they typically do at the start of the year and delinquencies rising for most types of consumer loans. Households added $148 billion in overall debt, bringing the total to $17.05 trillion, according … Read more

It Only Took Them 6 Years to Exonerate Donald Trump in the “Pissgate Dossier”

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by Chris Black This is how the system works in real time: the government admits it was all a hoax, and then shrugs it off. Special Counsel John Durham Exonerates Donald Trump of “Russiagate”https://t.co/lRHQv9YDEL#RussiaGate #trump #DurhamReport #DurhamInvestigation #Durham — The Unz Review (@UnzReview) May 16, 2023 Republicans will be celebrating this like they proved something … Read more

The Debt Doesn’t Matter Until It Does

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by Chris Black According to Keynesian economic theory, one of the main tools to combat inflation is to raise interest rates to shrink the money supply. This worked under Volker in the 80s because the national debt was manageable. But today? US Now Spends More Servicing Its Debt Than On National Defense https://t.co/oScK78rEkk — zerohedge … Read more

Institutional investors have been dumping stocks for the last 12 months. M2 money supply has only fallen like this 4 times previously. Only the Great Depression was worse than now.

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Good Morning Everyone! Institutional investors have been dumping stocks for the last 12 months. You have to ask yourself some serious questions when you see this. pic.twitter.com/y7vbM9J7q4 — Genevieve Roch-Decter, CFA (@GRDecter) May 16, 2023 M2 money supply has only fallen like this 4 times previously. Only the Great Depression was worse than now. 🔊 … Read more

Biden announces Dr. Monica Bertagnolli as nominee for Director of the NIH. She has had 116 grants from Pfizer

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President Biden Announces Intent to Nominate Dr. Monica Bertagnolli as Director of the National Institutes of Health https://www.whitehouse.gov/briefing-room/statements-releases/2023/05/15/president-biden-announces-intent-to-nominate-dr-monica-bertagnolli-as-director-of-the-national-institutes-of-health/ From 2015 through 2021, Bertagnolli received more than 116 grants from Pfizer, totaling $290.8 million. This amount made up 89% of all her research grants, according to Open Payments, a national transparency program under the Center for … Read more

Canadian Deputy PM wants to take your savings

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https://twitter.com/_SDParker/status/1658472461783158786 “some Canadian households, and it tends to be the better off households, do have quite a lot of that they saved because there hasn’t been that much due in the pandemic and certainly it would be great if that money could go towards driving our recovery” Does anyone have the link to the full … Read more

Will we see more banks collapse in 2023?

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by BoatSurfer600 Obviously. Rates started to go up a year ago. It takes that long for all the banks short term loans/treasuries to come due/payout. The can not borrow fresh loans below the interest rate the long term loans they made. Result: they loose liquidity and money. Once they loose money, people/companies withdrawal their deposits. … Read more

Americans are showing signs of financial stress as they add $148 billion in debt and fail to pay off their credit cards

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via fortune: “Credit card balances were flat in the first quarter, at $986 billion, bucking the typical trend of balance declines in first quarters,” researchers wrote in the report. “US households showed signs of increasing financial stress in the first quarter, with credit card balances not declining in the way they typically do at the … Read more

The end of the USD as the global reserve currency is approaching soon. Prepare accordingly.

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by Illuminati_MMXX The United States Dollar has been the worst performing currency of the G-10 countries over the past month. The United States Dollar has lost more than 10% of its value in the last 6 months comparatively. France’s (the 2nd richest country in the European Union) Emmanuel Macron stated recently that “international dependence on … Read more