On Wire

Breaking news, updates, and reports on current events.

Oh Goody! Now We Get To Have Rampant Inflation And A Housing Collapse At The Same Time!

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by Michael Under normal circumstances, this would never happen.  Normally, you would never have raging inflation and a housing crash at the same time.  But thanks to the Federal Reserve that is precisely what we are now facing.  The Fed has created a colossal inflation monster which is going to be exceedingly difficult to tame, and meanwhile … Read more

UK debate goes off air after massive crash in the TV studio. Presenter Kate McCann collapsed ‘medical incident’

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NOW – UK debate goes off air after massive crash in the TV studio.https://t.co/rOIWVAjx5c — Disclose.tv (@disclosetv) July 26, 2022 UPDATE – The TV host Kate McCann fainted and collapsed. The network says "she is fine". The debate has been discontinued. — Disclose.tv (@disclosetv) July 26, 2022 h/t SpaceWarz

Future Plans For The Non-Elite: No Meat Or Dairy, Little Clothing, No Cars, Almost Zero Air Travel, Etc.

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by AC The report is a black button to the right on the page. It’s a 68 page PDF. https://www.arup.com/perspectives/publications/research/section/the-future-of-urban-consumption-in-a-1-5c-world Below are screenshots from the PDF linked from above. Preferably no more than 3 new clothing items per year. Who needs clothes in this new Garden of Eden anyway 🤷‍♂️? pic.twitter.com/4dRN4SzE8x — Frédéric Leroy (@fleroy1974) … Read more

Recession is official … inflation is out of control.

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https://twitter.com/WallStreetSilv/status/1552337126871760898 What is going on in China? 🇨🇳😱 pic.twitter.com/oYWHvFhF1a — Andreas Steno Larsen (@AndreasSteno) July 27, 2022 POWELL: WE'RE SEEING REAL DECLINES IN FOOD CONSUMPTION — *Walter Bloomberg (@DeItaone) July 27, 2022 UK Natural gas price for December Peak of inflation is a mirage pic.twitter.com/8L7VTt7MVI — Alessio (@AlessioTMAD) July 27, 2022 McDonald’s and Chipotle say … Read more

Federal Reserve’s plan is to raise rates and QT aggressively, crash the market, then step in and ease when inflation is down to prevent a 1929 type of depression. Don’t fight the FED.

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https://twitter.com/MFHoz/status/1552276114554462208 FED'S POWELL: NO ONE CAN BE SURE ON WHETHER WE CAN ACHIEVE A SOFT LANDING — *Walter Bloomberg (@DeItaone) July 27, 2022 Chicago Fed National financial conditions index eased last week, the second week in a row. Not the Fed's desired direction pic.twitter.com/4azVnZ7tg5 — Michael J. Kramer (@MichaelMOTTCM) July 27, 2022 POWELL: LAST INFLATION … Read more

Top Federal Reserve officials say they misread inflation and now plan to correct the course

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Full Article Treasury Secretary Janet Yellen also acknowledged the misdiagnosis coming from her own department, and that of current Fed Chair Jerome Powell. “Both of us could have probably used a better word than ‘transitory,’” she told senators in June when asked about their remarks about inflation last year and their slow response to price … Read more

Despite surprisingly strong Manufacturing numbers, it looks like Recession is back on the menu boys. Just don’t tell Yellen.

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by laflammaster Is the property bubble FINALLY about to burst? House prices are on verge of plunging by up to 20%, economist says, thanks to soaring prices that have ‘cratered demand’, rising mortgage rates and a glut of supply Broke-ass ‘Muricans struggling to make ends meet in our oligarch-looted economy can’t afford to buy insanely … Read more

The Travel Chaos In Europe Is Continuing

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by silvertomars All Lufthansa flights have been cancelled for 24 hours… Lufthansa Airlines canceled virtually all its flights in and out of Frankfurt and Munich on Wednesday, leaving more than 130,000 travelers scrambling, after around 3,000 employees walked off the job to protest for better wages. https://t.co/VmOIZ1Nn7k — The New York Times (@nytimes) July 27, … Read more

The Genetic Panopticon: We’re All Suspects in a DNA Lineup, Waiting to be Matched with a Crime

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by John W. Whitehead “Solving unsolved crimes is a noble objective, but it occupies a lower place in the American pantheon of noble objectives than the protection of our people from suspicionless law-enforcement searches… Make no mistake about it…your DNA can be taken and entered into a national DNA database if you are ever arrested, rightly … Read more

Texas Scientists created ‘zombie’ spiders

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‘Texas scientists have developed veritable spider robots by robotically manipulating dead arachnids so they can grasp objects with their legs, as seen in a spine-tingling video. “It happens to be the case that the spider — after it’s deceased — is the perfect architecture for small-scale, naturally derived grippers,” said Daniel Preston, an engineer with … Read more

House Approves Marijuana And Psychedelics Amendments As Part Of Must-Pass Defense Bill

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The U.S. House of Representatives on Wednesday approved a bipartisan pair of psychedelics research amendments, as well as another measure requiring a military study into marijuana-related enforcement discrimination in the armed services. The day after nine drug policy amendments to the National Defense Authorization Act (NDAA) were made in order for floor consideration by the … Read more