On Wire

Breaking news, updates, and reports on current events.

DeSantis is not falling for the Monkeypox hype

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DeSantis is not falling for the Monkeypox hype: "You see some of these states declaring 'States of Emergency.' They’re going to abuse those emergency powers to restrict your freedom.."pic.twitter.com/ixC95yxpL9 — Citizen Free Press (@CitizenFreePres) August 5, 2022

‘Sizzling’ US Jobs Data (+528k) Make Case for Bigger Fed Rate Increases (Real Avg Hourly Earnings Growth Sinks To -3.8173 And US Treasury Yield Curve Inverts Further To -37.6, Most Inverted Since 2000)

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by confoundedinterest17 The media is thrilled with today’s jobs report showing a sizzling 528k jobs added to the US economy. And with that, the media is cheering that recession fears are shrinking. But hold on a second. First, while 528k jobs were added in July (great news!), REAL average hourly earnings growth YoY fell to -3.8173. … Read more

Charles Hugh Smith: Focus on What You Control – What You Grow, Eat and Own

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by Charles Hugh Smith on oftwominds.com What exactly is “the news” other than an inducement to passivity, despair and derangement? Since we exert zero control over what happens in distant lands and global economies, why waste time passively consuming “if it bleeds it leads” offal designed to addict us to a steady stream of despair and … Read more

China’s Economic Crisis, GDP is Crashing, Protests Everywhere. China’s financial crisis is Here.

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There is a heightened fear among onshore managers that Country Garden, China’s largest developer by sales, will go under. The fall of the firm would leave a large number of projects unfinished in Tier 3 and Tier 4 cities, posing a far bigger shock to the financial system. pic.twitter.com/tWrZOQqP4t — Shanghai Macro Strategist (@ShanghaiMacro) August … Read more

Texas Buses Migrants To NYC

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“A bus carrying approximately 50 people who crossed from Mexico into Texas was sent to New York City by Governor Abbott.” Here It Comes: First Bus of Illegal Immigrants from Texas Arrives in New York City (VIDEO) https://www.thegatewaypundit.com/2022/08/comes-first-bus-illegal-immigrants-texas-arrives-new-york-city-video/ “The first busload of illegal immigrants sent by Governor Greg Abbott of Texas arrived in New York … Read more

Canada: Housing prices are collapsing and jobless increases. 1/6 homeowners in Canada own 4 or more properties.

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https://twitter.com/DM69693644/status/1555576166848905217 BREAKING: Canada lost 30,600 jobs in July vs. est. 15,000 increase — Margot Rubin (@margot_rubin) August 5, 2022 Those with more than four mortgages jumped 17.5%. at least they've done stress tests… pic.twitter.com/y2c3MrJrRY — Alessio (@AlessioTMAD) August 5, 2022

More people are working than at any point in American history, and it’s the result of my economic plan to build the economy from the bottom up and middle out.

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Biden has said: The unemployment rate now matches the lowest it’s been in more than 50 years: 3.5%. More people are working than at any point in American history, and it’s the result of my economic plan to build the economy from the bottom up and middle out. — unusual_whales (@unusual_whales) August 5, 2022 actually … Read more

If you let executives have more power during “emergencies,” those executives will create and prolong emergencies.

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If you let executives have more power during “emergencies,” those executives will create and prolong emergencies. — Thomas Massie (@RepThomasMassie) August 5, 2022 Clown world update: 100,000 Fentanyl deaths is not an emergency. – but Monkeypox is. — Catturd ™ (@catturd2) August 4, 2022 https://twitter.com/JamesMelville/status/1555091923878158336 https://twitter.com/popjump/status/1555314845653692416 School canceled. Church canceled. Synagogue canceled. But reckless sex … Read more

Alex Jones Gets Off Easy From Sandy Hook Trial

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by Chris Black The sad part of the story is this: Alex Jones was technically convicted of calling someone an actor and ordered to pay an amount that no normal person could afford for having exercised basic speech rights. AJ was ordered to pay 4.2 million dollars. The lawyers of the parents who sued AJ … Read more

China Now has More Fortune 500 Companies Than Any Other Country

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by Chris Black A solid manufacturing economy (goods and services) is what makes a country great.  And by great country I don’t mean to say “financialized everything”.  China used to be the West’s industrial park, and now it has become the world’s largest producing economy. Real stuff, like cars, electronics, whatever.  It’s like Japan in … Read more