On Wire

Breaking news, updates, and reports on current events.

Crossing The Fiscal Rubicon! Treasury Debt In Q2 >$10 TRILLION Than Real GDP (And Getting Worse As M2 Money Velocity Crashed And Burned)

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by confoundedinterest17 The phrase “crossing the Rubicon” is an idiom that means that one is passing a point of no return. Its meaning comes from allusion to the crossing of the river Rubicon by Julius Caesar in early January 49 BC. Indeed, the US crossed the FISCAL Rubicon in Q4 2012. That is when US Treasury Public Debt outstanding exceeded Real … Read more

Vanguard Group Holding an Internal Anti-White Diversity Training Course to “Teach” White Men How Bad they Are

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by Chris Black Keep in mind Vanguard is only second to Blackrock. They manage over $7 trillion in client assets and they are spearheading some of this shit like ESG and DEI with Blackrock. Here is hired “diversity consultant” Laura Sherbin doing an internal company session geared toward ensuring that white men and white male … Read more

FAUCI RESIGNS

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BREAKING: Dr. Fauci RESIGNShttps://t.co/JrqwYlHftW — ELIJAH SCHÄFFER (@ElijahSchaffer) August 22, 2022 The #FauciResignation #FauciResigns timing is not a coincidence. Expect more breaking news and many whistleblowers from NIH and CDC very soon. They handled everything very badly, and most likely in a criminal way, not to mention the damage done by these vaccines.🙏🏽🙏🏽🙏🏽 pic.twitter.com/XdL2Yx6AYP — … Read more

Charles Hugh Smith: The Fed Can’t Stop Supply-Side Inflation

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by Charles Hugh-Smith The Fed and other central banks have zero control of supply-driven inflation, period. America’s financial punditry is bewitched by four fatal fantasies: 1. Inflation is demand-driven. If the Federal Reserve (or other central banks) reduce demand with monetary tools like raising interest rates, inflation will cool. 2. Substitution of high-cost goods with … Read more

Worse than 2008 crash: The US mortgage industry is seeing its first lenders go out of business. China’s real estate market is unraveling.

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The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing bubble burst about 15 years ago, per Bloomberg. — unusual_whales (@unusual_whales) August 21, 2022 Current drawdown for ⁦@MBAMortgage⁩ mortgage applications index … Read more

World In Process Of Bankrupting, Big Money Looking To Hide In Physical Gold & Silver

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Bill Holter interviewed on USA Watchdog by Greg Hunter Precious metals expert and financial writer Bill Holter says, “nothing is getting better” and points out the proof is everywhere that we are clearly headed for a financial calamity, the likes of which we have never seen before. Holter, who is also a precious metals broker, is seeing a big … Read more

Is JPMorgan Joining Up with Gold Bugs?

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by: Clint Siegner People fighting for liberty, limited government, and honest money may have an unlikely ally according to Tom Luongo of the Gold, Goats N Guns blog. He recognizes a split in the monolithic powers running the world. Commercial banks may not be on board with the effort to establish a socialist world government. Major Wall … Read more

Denied entry for political views. What next, only registered Democrats allowed in certain countries?

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Denied entry for political views. What next, only registered Democrats allowed in certain countries? #BREAKING: I've just been DENIED entry to New Zealand to report on an anti-government protest. It follows a targeted campaign by the NZ media which immigration officials cited as the reason behind their decision. I need your help to fight back. … Read more

One of the biggest droughts seen in modern times has turned into severe flash flooding…

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Flash Flooding Across Arizona, Utah and New Mexico A hiker in Utah is missing after flash floods hit Zion National Park. Torrential rains have caused flooding across many Western states. https://www.usatoday.com/videos/news/nation/2022/08/22/torrential-rain-causes-flash-floods-across-utah-arizona-new-mexico/7863438001/ https://www.nytimes.com/2022/08/21/us/zion-missing-hiker-flood.html AC

FOX NEWS: SNOWING IN COLORADO

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Colorado residents were impacted by a late-spring storm on Friday, with snow falling and temperatures plummeting. Late Saturday morning, power outage tracker PowerOutage.US showed 115,113 without power in the state. The storm postponed Friday’s Major League Baseball (MLB) opener between the New York Mets and Colorado Rockies in Denver. Fox Weather reported that the temperature dropped nearly … Read more

China cuts benchmark loan prime rate to boost faltering economy

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by Boo_Randy More extend & pretend by the PBOC. https://www.marketwatch.com/story/china-cuts-benchmark-loan-prime-rate-to-boost-faltering-economy-271661131554?mod=mw_latestnews China cut its benchmark loan prime rate on Monday, a move that will provide more support for the slowing economy after the central bank lowered two other key policy rates last week. China’s one-year loan prime rate, which is offered to banks’ best clients, was … Read more

The Fed Can No Longer Easily Inflate Asset Prices?

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Doug Noland with Jason Burack of Wall St For Main St Jason Burack of Wall St for Main St interviewed returning guest, long time hedge fund analyst and global macro blogger, Doug Noland. During this hour+ long interview Jason asks Doug about imploding credit bubbles all over the globe, central banks outside the US hitting their limits, asset prices … Read more

CHANGE: New CNN CEO Tells Employees, ‘You Might Not Like or Understand’ What’s Coming…. After Stelter, Is Don Lemon the Next?

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via pjmedia: New CNN chairman and CEO Chris Licht is not to be envied. He has taken over a cable news network that is bleeding profits and viewers with little prospect of improvement anytime soon. Licht discovered, to his horror, that the network was massively dependent on Donald Trump for ratings. Without Trump to headline CNN’s … Read more