On Wire

Breaking news, updates, and reports on current events.

3 NJ men charged with stock fraud… The Deli worth $100 Million…

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Three men were charged with various crimes, including securities fraud, in a scheme involving a small-town New Jersey deli. Your Hometown Deli was operated under an umbrella company called Hometown International. It became known as the $100 million deli, reflecting its owner’s bizarrely huge market value. James Patten, Peter Coker Sr. and Peter Coker Jr. … Read more

France studies restricting the charging of electric cars this winter

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The French Prime Minister, Elisabeth Borne, presented it among the saving measures of the French network operator, RTE She estimates that 100,000 vehicles could be added to the application to save nearly 100 million watts. “The use of existing electrical recharging plugs in the garages of the buildings could be restricted to emergency use between … Read more

Russia’s Nord Stream 2 Pipeline to Germany Loses Pressure Overnight from 300 to 7 Bars – Cause Unknown

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Pressure in the Nord Stream 2 undersea gas pipeline from Russia to Germany dropped from 300 to 7 bars overnight, a spokesperson for the pipeline’s operator said, adding that the company did not know the cause of the drop. MOSCOW. Sept 26 (Interfax) – Gas pressure has dropped in one of the strings of the … Read more

How much has the Fed’s epic “inflationary is transitory” policy error cost the world? Try $29 trillion and counting (heckova job, Yellen the Felon, BlackRock Jay, & Brandon)

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by Boo_Randy What if this is it – the end of the Fed’s house of cards built on debt, fraud, and funny money? Hey, so did anyone else notice the Fed has quietly halted most QT? I knew they’d go wobbly once their Ponzi markets and asset bubbles started to implode.

An Oil Supply Shock May Be Imminent

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By Irina Slav Oil demand has remained resilient in the face of a multitude of challenges. OPEC+ has fallen behind more than 3.5 million bpd on its output goals. The DoE has no immediate plans to start refilling the SPR. The risk of a supply shock grows as China’s economy re-opens while Russian oil is … Read more

This crash under Truss is now worse than black monday in 1987 under Thatcher and black wednesday in 1992 under Major.

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by UniversalSurvivalist Your reminder that on Black Wednesday in 1992 a Tory government raised interest rates to 15% in a failed effort to shore up a crashing pound. When Soros cleaned up on Black Wednesday 30 years ago he was an outsider analysing government economic policy and exploiting what he saw. You can disapprove but that was … Read more

Fears of Bank of England emergency interest rate hike to prop up plunging Pound after it hits ALL-TIME low of $1.03 – as Kwasi Kwarteng vows he WON’T change course on tax-cutting Budget despite market chaos and Tory backlash

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by Boo_Randy The UK sheeple, like their Murican counterparts, are going to pay a terrible price for electing stooges of the oligarchy who gave the Keynesian fraudsters at the BoE free rein to carry out its reckless monetary malpractice. Now the chickens are coming home to roost, and things are going to get ugly. https://www.dailymail.co.uk/news/article-11249635/FTSE-100-share-price-falls-pound-against-dollar.html … Read more

The borrowing costs of the UK are exploding… Now mortgage providers pull deals as pound crashes

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by silvertomars https://www.ft.com/content/68105770-f158-4b44-a8c6-b026574e89e1 The borrowing costs of the UK are exploding… the UK 10y yield (purple) has almost caught up with Greece (red) and Italy (light green)… and if you can lose more than the entire annual yield overnight in a currency collapsing, who will come to rescue the UK…? Now mortgage providers pull deals … Read more

This Is An Inflation The Fed Can’t Solve, Gold Probably $2000 Per Ounce Over Next 12 Months

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Mark Magarian on Palisades Gold Radio Mark Magarian returns to the show to discuss the markets and the fundamental outlook for gold. Timing is key in these markets. Mark discusses the importance of managing risk and considering the fundamentals of assets. Volatility isn’t necessarily the concern, but more importantly is their cash flow. Resource companies with … Read more

US Housing Due for a Correction?

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by Martin Armstrong Fed Chair Jerome Powell stated that the US housing market would “probably” go through a “correction” period. It is of no surprise as home prices were steadily rising from 2020 until recently after mortgage rates rose and many were simply priced out of the market. The supply chain shortages continue to present a problem … Read more

Do You Feel Safe in America?

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by Martin Armstrong Crime has been rampant across America over the last two years. The economic downturn hurt low-income communities the most, and some are turning to crime for quick money. The borders are open, and anyone can enter America from the south. Laws have been repealed to permit an assortment of crimes, sweetheart deals … Read more

A crisis is coming…

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by mark000 Scenario [Good]: We make it through Q4 with no market meltdown and global financial crisis. Scenario [Bad]: A major market crash & financial system crisis occurs, but like in 2008, the central banks and government contain it, economy recovers quickly. Scenario [Depression]: Economy doesn’t, Second Great Depression underway Scenario [Collapse]: The meltdown in … Read more