On Wire

Breaking news, updates, and reports on current events.

South Korea’s President Won’t Meet with Pelosi

by

Nancy Pelosi has arrived in South Korea, continuing her Asia tour – now leaving in her wake a tense Taiwan situation that’s seeing Chinese PLA forces encircle the island with live fire drills – but South Korea’s President Yoon Suk-yeol will not meet with her. While he had a pre-scheduled “holiday” which was announced in advance, there’s been widespread … Read more

Gov. Ron DeSantis calls for doctors to be sued for providing children suffering from gender dysphoria double mastectomies and castrations

by

#BREAKING: Gov. Ron DeSantis calls for doctors to be sued for providing children suffering from gender dysphoria double mastectomies and castrations "They wanna castrate these young boys – that's wrong … I think these doctors need to get sued for what's happening." pic.twitter.com/aKwsHIlzXF — Florida’s Voice (@FLVoiceNews) August 3, 2022

WH Admits “Inflation Reduction Act” Will Barely Reduce Inflation

by

Economic experts and Biden Administration officials have come to a census regarding the Inflation Reduction Act, agreeing that the $739 billion democratic spending plan will do next to nothing to combat inflated prices over the next decade. The massive spending package, which raises taxes for everyone except those making between $10,000 and $30,000 per year and … Read more

Asset Prices Will Fall For Years? Commodities (Gold & Energy) Are The Anti-Bubble?

by

Kevin Duffy with Jason Burack of Wall St For Main St Kevin runs the hedge fund Bearing Asset Management and is famous for his calls shorting the 1999 technology bubble and the 2008 housing crisis. Barron’s featured him in an article about his correct market calls and he is a fan of the Austrian School of Economics for decades. … Read more

Rising Financial And Economic Uncertainty: Watch Big Pension Funds

by

by Dave Kranzler of Investment Research Dynamics After a decade of deranged monetary policies that ultimately amplified speculation beyond 1929 and 2000 extremes, we are so far from “normal’ that arriving anywhere near that neighborhood will be a journey. The recent market decline has simply retraced the frothiest portion of the recent bubble, bringing the most reliable market … Read more

Canada NWT had made it illegal for farmers to sell to the public, shutting down farm stands

by

Canada is going full Lenin. https://t.co/LD3AwNyO7x — Marina Medvin 🇺🇸 (@MarinaMedvin) August 3, 2022 Can any canadians confirm this? It seems really too soon for them to be doing this. I expect iron fist control of the food to occur incrementally till you can’t buy food unless you’re approved, but did not anticipate it to … Read more

The IRS is about to double in size

by

The Inflation Reduction Act of 2022 appears to have a good shot at being signed into law. If Senate Democrats can get Sen. Kyrsten Sinema (D-AZ) to join Sen. Joe Manchin (D-WV), the bill will have the necessary 50 votes to pass through the reconciliation process. Let’s hope that never happens. The plan would hurt … Read more

California ‘Detective of the Year’ charged for sending sexual messages to he thought was a child

by

A veteran police officer who was named “Detective of the Year” in 2019 was charged with exchanging sexually explicit messages with someone he thought was a 14-year-old girl. Gregory Daniel Beaumarchais, 43, is facing a misdemeanor charge of annoying or molesting a victim believed to be under the age of 18, Orange County District Attorney officials … Read more

Oil Falls As EIA Reports Large Crude Inventory Build

by

By Irina Slav Crude oil prices fell today after the Energy Information Administration reported a build in crude oil inventories of 4.5 million barrels for the week to July 29. This compared with a draw of an almost identical size for the previous week. U.S. crude oil inventories are at 426.6 million barrels, which is 7 percent below the … Read more

Only 3 times on the monthly we saw a death cross between the 10 and 20 MAs – 2001, 2008 and Now

by

$QQQ $SPY $IWM Only 3 times on the monthly we saw a death cross between the 10 and 20 MAs👀 2001, 2008 and Now pic.twitter.com/7AztG5R6ye — Mauro (@MauroBianchi24) August 2, 2022 $TNX $TLT pic.twitter.com/WWzDmmF7DT — Arun S. Chopra CFA CMT🧐 (@FusionptCapital) August 2, 2022 62% of voters think the US economy is in a #recession. … Read more