On Wire

Breaking news, updates, and reports on current events.

Credit Card Interest Rates In The United States Soar To The Highest They’ve Been In 30 Years

by

"The new data from Bankrate shows that in addition to 19.04% being the highest APR in the past three decades for credit cards, it also represents a record increase for a single calendar year…" Source: https://t.co/x0C5xltuyN — Gold Telegraph ⚡ (@GoldTelegraph) November 10, 2022 via fortune: The average credit card annual percentage rate (APR) has … Read more

Ponzi markets soaring on falsified inflation data, while the underlying economies are in free-fall. One of these things is not like the other.

by

by Boo_Randy Bleak midwinter of STRIKES: Union barons plot to bring Britain to its knees as 100,000 civil servants, thousands of nurses and rail workers and 1,000 bus drivers and set to down tools in run-up to Christmas 100,000 civil servants including driving test examiners, border force workers and Jobcentre staff to walk out  Train … Read more

Fake meat: Another ludicrous, money-bleeding “investment” only possible in a world run by WEF stooges & awash with central bank funny money

by

Meat substitute catastrophe as the fantasies of billionaire investors slam into the reality of the supermarket. Sales down 22.5% in the last 3 months. Losses up by 180%. Every $1 of product it sells costs $1.82 to make. It takes a very special talent to run a business like this! pic.twitter.com/fgC8Xv7qWT — Julian Mellentin (@JulianMellentin) … Read more

Kyle Bass: Things are not good

by

Beleaguered Credit Suisse is being forced to pay approx 9% to issue bonds today in an attempt to shore up their balance sheet. When a G-SIFI’s Senior CDS trades at 350bps and they are paying 9% to raise money in the bond market, things are not ‘good’. #bankrun #CS #Broken pic.twitter.com/4zmpqZ0gkX — 🇺🇸 Kyle Bass … Read more

Minorities are waking up to the reality that the Democrats don’t care about their lives, just their votes.

by

via thefederalist: For years, leftists insisted that minorities were the key to keeping Democrats in power. It turns out that’s not true. Democrats have long argued that “demographics are destiny,” meaning that the nation’s growing minority and immigrant population will ensure the Democrat Party’s long-term political dominance in America. But Hispanic voters in Florida delivered a … Read more

FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor

by

Press Release pic.twitter.com/rgxq3QSBqm — FTX (@FTX_Official) November 11, 2022 Probably means everyone’s money is going to be seized so they can reorganize. Straight from their own website: FTX is currently unable to process withdrawals. We strongly advise against depositing. https://ftx.com/intl and for more conspiracy…. View post on imgur.com Crypto MELTDOWN in full on mode across … Read more

What about you, Joe?! Conservative commentators slam Biden trying to pressure DOJ investigation on Elon Musk’s ties to other countries , Hunter??

by

Joe Biden on Wednesday said that it was ‘worth looking at’ Elon Musk’s purchase of Twitter, which was partially funded by Saudi Arabia Biden said there may be issues worthy of investigation, though he stressed that he was not suggesting Musk was ‘doing anything inappropriate’ But Biden has been entangled in his own shady dealings … Read more

Delinquencies will rise from here

by

2/Put aside the tech layoffs for now. I'm just talking about housing alone. Just the housing sector, in the absence of all other sectors, is enough to send unemployment notably higher.https://t.co/S8wTLH99N2 — Jeff Weniger (@JeffWeniger) November 9, 2022 4/It’s not so much the home prices declining that sends people into credit card trouble; it’s the … Read more

The Fed cannot step in to provide stimulus this time, says Mohamed El-Erian

by

CNBC, Released on 11/9/22 Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, joins CNBC’s ‘Squawk Box’ to discuss Binance’s planned acquisition of crypto exchange FTX, what the midterm election results mean for the economy, and more. Fed's Kashkari: "There's a lot of talk in the public about will we raise rates by … Read more

Republicans get clean sweep of all 4 Long Island congressional seats… New York red wave…

by

Yes it did happen NEW … Anthony D'Esposito takes NY-4 giving Republicans a clean sweep of all four Long Island House seats — Jon Levine (@LevineJonathan) November 9, 2022 "I did speak to my opponent…and she did concede." New York Congressman-elect Anthony D'Esposito [@ANTHONYDESPO] announces that his opponent Laura Gillen called him to concede the … Read more

Bad News Is Good News – Wall Street Greatly Celebrates The Latest Economic And Financial Disasters

by

by Michael Sometimes I think that we truly are living in Bizarro World.  We just witnessed one of the most horrible financial disasters in years, and economic activity is dramatically slowing down all around us, but Wall Street is celebrating.  In fact, the Dow Jones Industrial Average rose more than 1,200 points on Thursday.  Despite everything … Read more

MUSK PANIC: Mulling TWITTER Bankruptcy

by

Elon Musk may have to take Twitter through Chapter 11 bankruptcy as a result of rampant fraud allegedly committed by the company’s executives and board. The billionaire has told Twitter staff that bankruptcy isn’t out of the question. via NYPOST: Twitter owner Elon Musk told employees on Thursday that he is not sure how much run … Read more

12 more countries want to join BRICS

by

Russia announces 12 more countries want to join BRICS… if all are accepted BRICS will have 50% of the world population… and an even larger share of commodities such as oil, gas, metals etc… https://twitter.com/WallStreetSilv/status/1590797577301417984