On Wire

Breaking news, updates, and reports on current events.

Green fanatics now want you to turn off your air conditioning in order to save the planet

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3 days after I explain to Buttigieg that if everyone drove electric cars, Americans would use 4 times as much electricity charging cars as they do for air conditioning, CNN runs a piece saying Americans don’t need air conditioning. They want YOU to accept a LOWER quality of LIFE https://t.co/LTGxHFQcKe — Thomas Massie (@RepThomasMassie) July … Read more

Fed is still buying billions worth of mortgage backed securities every single week – When will this end?

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by goldenloi Source: https://www.newyorkfed.org/markets/ambs_operation_schedule If inflation was such a concern and markets are so healthy, why are they still doing this? Keeps housing values propped up at the expense of those who currently don’t own real estate. I don’t know about you but it definitely bothers me. Average Joe doesn’t understand this and how could he/she? … Read more

Nearly half of all Americans are falling deeper in debt as inflation continues to boost costs

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With inflation hitting a 40-year high in June, Americans are struggling to keep up with rising prices and putting less money aside for emergencies or long-term financial goals, several studies show. Americans’ overall satisfaction with their financial condition now stands at a 12-month low, and 43% of consumers expect to add to their debt in … Read more

State Of The US Consumer: McDonald’s Customers Trading Down, Buy Value Items As Combos Increasingly Unaffordable

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McDonald’s Corp. is one of the first major restaurant chains to report this earnings season and offered a grim warning about inflation and consumers. Same-store sales increased 9.7% in the second quarter versus a year ago. Wall Street analysts were expecting 7.5%, according to Bloomberg data. US store sales rose 3.7%, while analysts expected a … Read more

2008 AGAIN? The Fed’s Financial Stress Index just reached an all time low but the number of searches for the term “recession” on Google trends reach highest levels in 18 years

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by BoatSurfer600 But I do try to predict them:https://t.co/F4oP3F0f8q pic.twitter.com/gVi7zXV8Ah — Lyn Alden (@LynAldenContact) July 25, 2022 It's clear that a lot of companies chose not to preannounce bad news ahead of the quarter this time. Which means we are getting a lot of bad news all at one time. HALF of S&P market cap … Read more

Former Greenpeace President Dr. Patrick Moore Says the Elites Have a ‘Suicide Pact’ to Reduce the World’s Population

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by Chris Black “We’re now facing a situation where a huge number of very powerful organizations and elites at an international and at national levels are calling for policies that are basically a suicide pact.  Basically a death wish of some sort.” https://rumble.com/v1dm5yr-fmr.-greenpeace-president-says-the-elites-have-a-suicide-pact-to-reduce-the.html

I Hope the GOP Will Lose in 2024

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by Chris Black If the GOP platform in 2024 was just “we 100% oppose everything on this list + immigration” it would be a landslide victory. But they won’t. I believe in peace, love, equity, LGBTQ rights, abortion rights, animal rights, race mixing, assault weapon ban, sharing the wealth, Green New Deal, Black Lives Matter, … Read more

Recession Doesn’t Exist When the Adults Are Back in Charge

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by Chris Black Technical recession means 2 consecutive quarters of negative GDP growth. That’s the accepted definition for investors. Not in clown world it isn’t. https://twitter.com/Breaking911/status/1552028983667081216 We’re not in a recession; we’re in a period of economic growth that’s characterized by a decline in GDP in two successive quarters. Two totally different things. I mean, … Read more

Rave On! US Conference Board Consumer Confidence Sinks To Lowest Level Since Feb ’21 Thanks To Soaring Inflation (Biden’s Approval Sinking Too)

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by confoundedinterest17 When Joe Biden was sworn-in as President, the US inflation rate was only 1.4% and his approval rating was 55.8%. Fast forward to today and we have 9.1% inflation and a Biden approval of 37.4%. Although gasoline prices have declined in recent weeks, the are still up 82% under Biden. Food is up 46% … Read more

What contractor would have done this?

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July 26 (UPI) — The mayor of a California city said an error by contractors was responsible for the zigzagging lane lanes on a city road that left some residents scratching their heads. Hollister residents lit up social media with photos and videos showing the bizarre pattern of the lines painted recently on Ladd Lane. … Read more

‘She’s barely ever present’: Liberal NY State Senator Slams AOC for Being ‘Absent’ From District

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A Democratic New York state lawmaker ripped into her fellow progressive and her congresswoman, Rep. Alexandria Ocasio-Cortez on Twitter Sunday for being “absent” in her home district, after a medical student also called out the “squad” member for her “performative” display at a recent Supreme Court protest. The public online spat began when a medical … Read more

$840 million dollar clawback from Tether?

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This story involves a knotty area of US bankruptcy law, so bear with me… First: Secured vs unsecured creditors. Unsecured creditors are lending without requiring the borrower to put up any assets as collateral or security. Secured creditors do require collateral/security. — kadhim (＾ｰ^)ノ (@kadhim) July 26, 2022 There are well understood rules, processes and … Read more

China’s net gold imports via Hong Kong soared in June fivefold… BRICS is working on a new global reserve currency, and all of them have been stockpiling gold for years

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China's net gold imports via Hong Kong soared in June fivefold… China is the world’s top gold consumer BRICS is working on a new global reserve currency, and all of them have been stockpiling gold for years These nations should send a thank you note to JPMorgan. — Gold Telegraph ⚡ (@GoldTelegraph_) July 26, 2022