On Wire
Breaking news, updates, and reports on current events.
Zoltan Pozsar: Europe is facing a Minsky moment triggered by excessive financial leverage. In Germany, $2 trillion of value added depends on $20 billion of gas from Russia… …that’s 100-times leverage – much more than Lehman’s.”
by mark000 Eurozone about to plunge into severe recession, global markets (stock, bond, real estate, crypto, oil, commodities, currencies) going to crash, then a global financial crisis, and then…………? Zoltan: "This Is What The New World Order Will Look Like" After Europe's Minsky Moment "Where $2 Trillion Of German Value Depends On $20 Billion Of … Read more
Its 2030: Thousands of Xcel customers in Colorado have no control over the temperatures in their own homes.
you head back and sit outside your pod home then grab a bag of crickets to snack on and wait for the temperature to drop — Tim Pool (@Timcast) September 1, 2022
Electric shock: Spike in U.K. energy prices push cost of running EVs above gas-powered cars
Charging electric vehicles in Britain soon will be more expensive than filling up gasoline-powered cars thanks to soaring electricity costs — an economic switcheroo that could be a harbinger of shrinking financial benefits for Americans who go green. British energy regulators told electricity consumers to expect to pay 80% more beginning Oct. 1. The national … Read more
NBC News: “Bank of America announces zero down payment, zero closing cost mortgages for Black and Hispanic first-time homebuyers”
View post on imgur.com Bank of America announces zero down payment, zero closing cost mortgages for Black and Hispanic first-time homebuyers Residents in select Charlotte, Dallas, Detroit, Los Angeles and Miami neighborhoods will be the first to be offered the program. “Homeownership strengthens our communities and can help individuals and families to build wealth over … Read more
What Would You Do If You Had To Go Through The Economic Horrors Of 2008 Again? (Spoiler Alert: The Next Economic Crisis Has Already Begun)
by Michael If you knew for certain that we were about to plunge into another massive economic downturn like we experienced during the “Great Recession”, how would you respond? The events of the second half of 2008 took almost everyone by surprise, and the vast majority of the population was completely unprepared for what happened … Read more
Your Window Of Opportunity To Get Prepared Before The Catastrophic Events Of 2023 Is Rapidly Closing
by Michael I don’t know how I could say it any more clearly. At this moment, the vast majority of the population is completely and utterly unprepared for what is ahead of us. Every day, there are more signs in the news that global events are starting to spiral out of control, but instead of … Read more
California going all in on Agenda 2030 and I’m not talking about rolling blackouts
Look at this shit and the overjoyed climate tard tweeting it: Holy hell, it actually happened: California just eliminated minimum parking requirements for new housing projects within a half mile of public transit stops *statewide*! A truly incredible day for housing and climate policy in the world's 5th largest economy! pic.twitter.com/rYVTV9yutC — Jordan Grimes (on … Read more
The President of the United States of America, the man who serves as her Commander-in-Chief of the Armed Forces, has no flippin’ clue how guns work:
Biden: “Do you realize the bullet out of an AR-15 travels five times as rapidly as a bullet shot out of any other gun? An AR-15 could vaporize an entire human body in a matter of seconds. pic.twitter.com/D1mejssug9 — Ian Miles (@ianmiles) August 31, 2022 h/t Coastie Patriot
90% of Black Americans Believe They Should Get Special Treatment and Leniency When They Commit Crime
by Chris Black Fair enough, not every group of people is going to have the same values or want the same things. Maybe blacks don’t see the value in punishing violent anti-social behaviour. We don’t believe in the white man’s burden, it’s not my concern or business. But if this is true, then what is … Read more
Today, we’re suing Michael Saylor – a billionaire tech executive who has lived in the District for more than a decade but has never paid any DC income taxes – for tax fraud.
We’re also suing his company, MicroStrategy, for conspiring to help him evade taxes he legally owes on hundreds of millions of dollars he’s earned while living in DC. — Archive: AG Karl A. Racine (@AGKarlRacine) August 31, 2022 With this lawsuit, we’re putting residents and employers on notice that if you enjoy all the benefits … Read more
Kamala Harris Fails to Explain Who Will Pay Off Student Debt
by Martin Armstrong I reported that the taxpayers would be footing the bill for student loan cancellation. A study by Penn Wharton School estimated that taxpayers would each need to pay $2,000 for Biden’s pre-election bribe. The White House has not been able to articulate who will pay for the latest handout, but they want you to … Read more
Global real household incomes are crashing… ‘We are in stagflation, short bonds, short equities. Simple.’
by silvertomars HIKING pic.twitter.com/F3AfvUft4U — spaghettilisbon (@spaghettilisbon) August 31, 2022 Ain’t no one got money to go shopping! Bed Bath & Below: Shares Plunge On New Stock Offering, Job Cuts, 150 Store Closures Lets face it. Needs are starting to take over wants, most folks are picking necessity over desire. Food and energy take priority to … Read more
Google Barring Truth Social From Play Store Due To ‘Insufficient Content Moderation’
Last week, Truth Social CEO Devin Nunes claimed that it was “up to Google” to approve the App for download on the Play Store platform, claiming in a statement to Just the News‘ John Solomon: “we’re waiting on them to approve us, and I don’t know what’s taking so long.” “They could approve it tomorrow and it would … Read more
Project Veritas Exposed Assistant Principal won’t hire teachers that sympathize with parents
Jeremy Boland, Assistant Principal of Cos Cob Elementary School: “Believe it or not, the open-minded, more progressive teachers are actually more savvy about delivering a Democratic message without really ever having to mention politics.” Boland: “So, it’s subtle. They [teachers I hire] will never say, ‘Oh, this is [a] liberal or a Democratic way of … Read more
Current System Close To Collapse: Banking Crisis One Month Away?
Alasdair Macleod on Palisades Gold Radio Tom welcomes back Alasdair Macleod to the show. Alasdair is the Head of Research for GoldMoney and an advocate for sound money. Alasdair prefers to focus on the big picture for gold and the economy. We are nearing a bank credit contraction, which will be severe. GDP is the measure of … Read more
US Mortgage Applications Drop To Lowest Level Since 1997 (And The Fed Still Hasn’t Unwound Its Enormous Balance Sheet!)
by confoundedinterest17 Mortgage application volume dropped and remained at a multi-decade low last week (back to 1997), led by an 8 percent decline in refinance applications, which now make up only 30 percent of all applications. Purchase applications have declined in eight of the last nine weeks, as demand continues to shrink due to higher rates and a weaker economic … Read more
Are Stocks About to Crash?
By Graham Summers, MBA As I warned yesterday, the next crisis is just around the corner. By quick way of review… 1) The Fed takes its cues on where rates need to be from the yield on the 2-Year U.S. Treasury. 2) Throughout the first half of 2022, the yield on the 2-Year U.S. Treasury … Read more