On Wire

Breaking news, updates, and reports on current events.

Update CBDC ban in Florida and North Carolina

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This week has seen votes in favor of two state bills from Florida and North Carolina that aim to restrict the use of a federal digital dollar or central bank digital currency (CBDC). The Florida approach is more far reaching, changing the legal definition of money to exclude a CBDC. https://www.ledgerinsights.com/cbdc-ban-florida-north-carolina/   AC

The Borg Identity! US Bank-Run Escalates, Deposit Outflows Top $360 Billion In Last 3 Weeks (Fed Rate Hikes To Combat Inflation Is Crushing Regional Banks)

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by confoundedinterest17 Yes, the banking system under green zealots and spendiholics Biden, Pelosi and Schumer have helped drive inflation to 40 years highs leading The Fed to counterattack and raise interest rates and slow M2 Money supply. The result? As Bank of America analysts said. Fed tightening ‘always breaks something’. And in this case it … Read more

Remember when the Fed stopped reporting weekly unrealized losses across banks in H.8? This report shows 722 banks have unrealized losses greater than 50% of the capital.

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by laflammaster H.8 – Weekly bank statements on assets and liabilities provided every Wednesday by the Fed. 722 high risk, 31 with ultra high risk of collapsing. Massive asset duration mismatch combined with today’s high interest rates have turned banks into ticking time bombs. Zen Second Life US Bank run in slow motion continues: US … Read more

Lego Goes Woke as It Launches New Gender Neutral Toys in a Bid to ‘Break Stereotypes’ ….The Lego Dreamzzz line

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On Monday, the popular kids’ toy Lego announced that it would remove gender stereotypes from its toys, forcing a ‘woke‘ ideology on young children. The Lego Dreamzzz line, produced by the toy giant, will debut with several new models, including a Pegasus horse, a bunny with blue and pink stripes named Bunchu, and a “nightmare … Read more

Recession this year “now inevitable”

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Photo by MarginalCost From Peter Reagan at Birch Gold Group At their May 3rd meeting, the Federal Reserve Committee appears to have established two key things (in their estimation). First, the Fed continues to promote the delusion that the banking system is “sound and resilient.” Second, they remain focused on bringing inflation back down to Chairman Powell’s pet target … Read more

James Turk: Banking crisis already worse than 2008 & it only just started… Mohamed El-Erian: Banking ‘cancer’ may be spreading as otherwise healthy firms seem vulnerable and credit gets pulled from the economy

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Eye-opening chart of the #bank #crisis. Already worse than 2008 & it only just started. The #FederalReserve creates the illusions of #prosperity with low #InterestRates that creates the inevitable financial bust that results in an #economic bust or worse, a #currency collapse. pic.twitter.com/8KABoZmnLZ — James Turk (@FGMR) May 5, 2023 Banking ‘cancer’ may be spreading … Read more

Title 42 Countdown: 700,000 Migrants in Mexico Waiting to Rush U.S. Border

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Title 42 Countdown: 700,000 Migrants in Mexico Waiting to Rush U.S. Border As many as 700,000 migrants, a foreign population larger than Boston, Massachusetts, are currently in Mexico waiting to rush the United States-Mexico border when President Joe Biden ends the public health authority known as Title 42 on May 11. https://www.breitbart.com/politics/2023/05/04/title-42-countdown-700000-migrants-in-mexico-waiting-to-rush-u-s-border/ Mayorkas: ‘Not Worried … Read more

Home Depot worker, 26, is shot and killed trying to stop BLACK shoplifting couple from stealing phone charger: Sh*t hole San Francisco

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A Home Depot employee in California was shot and killed outside his store while trying to stop an alleged thief and her boyfriend, who fled with a two-year-old child in their car. Blake Mohs, 26, was fatally wounded during a struggle which took place after he spotted the pair trying to leave in Pleasanton, east … Read more

THIS IS YOUR WARNING: Sen. Rand Paul Warns RESTRICT Act Would Allow Feds to Nullify First Amendment.

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via theepochtimes: Sen. Rand Paul (R-Ky.) has been a major critic of the RESTRICT Act, which has been sold to Congress and the public as a ban on TikTok. He warned that it would authorize the federal government to censor any online communications it deems subversive and would nullify the First Amendment. The popular social media … Read more

20 Big Box Retailers Closing Down Stores Right Now

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Your favorite store may be gone before the year ends. Big-box retailers, grocery stores, apparel chains, home goods companies, and even some very big names like Burger King, GameStop, and Sephora are announcing mass store closings in 2023 due to a series of economic threats emerging everywhere all at once. Similarly, Kroger is not done … Read more

US Credit Default Swap Price 1Y Remains Elevated As Clueless Joe Defies Republican Budget Cuts, US Treasury 2Y-3M Yield Curve Inverts To Lowest In History

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by confoundedinterest17 Ok, it is well-known that Biden was the stupidest man in the US Senate. And with Washington’s Patty Murray in the Senate, that is quite an accomplishment. But Biden is President and is still stupid and spiraling down the dementia rabbit hole. He is blaming Republicans for their budget proposal to end the … Read more

How to Tell If Your Bank is in Trouble

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By Graham Summers, MBA Dear Investor, You no doubt have some concerns about the bank at which you keep your deposits. I mean, why wouldn’t you? Three of the largest bank failures in U.S. history have already taken place this year. And by the look of things, there are even more to come. So today … Read more

China CCP orbiting FOB weapons system ready to destroy the West

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https://www.tiktok.com/@buddydawg21/video/7229037790757981482?_r=1&_t=8c4JbjLPlJm&social_sharing=v2 ^^ current info on FOBS like TORCH, the tech originated in the US. 1) Since the public are on the topic of China, let’s share a video from The Ministry of National Defense from the PRC, on 3/25/22. Americans are largely unaware that China has also been demanding for investigations into the US biological … Read more