On Wire

Breaking news, updates, and reports on current events.

The US is tightening restrictions on China’s access to chipmaking gear.

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Basically. The US has asked countries with cutting edge Fab. To refrain from selling tech to China. Also No more can China Fab 10nm. The US is only allowing China to Fab upto 14nm. The US has reached out to Holland and Japan. And companies inside the US. https://www.bloomberg.com/news/articles/2022-07-29/us-pushes-expansion-of-china-chip-ban-key-suppliers-say h/t Hyper Star

Celebrities Normalizing Bug Consumption

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by Martin Armstrong In my interview with Maria Zeee, you may have heard us mention the propaganda efforts to make eating bugs seem normal. In 2018, actress Nicole Kidman made a video for Vanity Fair in which she eats “micro livestock” from a fancy silver platter. This is an insult to the people of food-deprived nations … Read more

Hackers take 200 million in tokens from crypto bridge service in free for all heist

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Hackers yanked almost $200 million in crypto from Nomad, a so-called blockchain bridge. Blockchain bridges allow users to transfer tokens from one network to another. They’ve become a prime target for hackers seeking to swindle investors out of millions. Hackers drained almost $200 million in cryptocurrency from Nomad, a tool that lets users swap tokens … Read more

Everything has become Orwellian…

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New Media Rule: Don’t Say Gay Mainstream journalists have adopted what critics are calling a “don’t say gay” approach to covering the monkeypox outbreak in the United States. The media’s coverage of monkeypox, which officials in New York and California have declared a threat to public health amid rising case numbers, has studiously avoided using … Read more

The Great Recession: Facts vs. Denials

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By Matthew Piepenburg Once again, the US is facing a recession which Main Street feels, Wall Street whistles past, and DC simply denies. Below, we look at these recessionary forces and delusional policy makers in the context of blunt-speak rather than Fed-speak so that we can best prepare for what’s already felt but rarely spoken … Read more

Mohamed El-Erian discusses Pelosi’s Taiwan visit

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CNBC, Released on 8/2/22 Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, joins CNBC’s ‘Squawk Box’ to weigh in on the markets ahead of the open on Tuesday. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer … Read more

Home prices are collapsing at the fastest pace since 2008.

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https://twitter.com/WallStreetSilv/status/1554769050764562435 The "American Dream" shopping mall is in default.https://t.co/haFV1TNGok Another casualty of misallocated cheap capital. 14 years of 0% rates later, pundits wonder relative to 2007, where is the leverage this time? Everywhere. pic.twitter.com/TmyeBQZk44 — Mac10 (@SuburbanDrone) August 2, 2022

You can get away with pretty-much ignoring countertrend moves in a bull market. Much harder in a bear market.

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During the "tech wreck" 2000-2002 the Nasdaq 100 declined -83% During this time there were seven bear market rallies of more than +20% You can get away with pretty-much ignoring countertrend moves in a bull market. Much harder in a bear market. pic.twitter.com/NRloCziFGz — Simon Ree (@simon_ree) August 1, 2022 We are now literally hearing … Read more

George Gammon: Zoltan Pozsar Makes Terrifying New Prediction

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Rebel Capitalist, Released on 8/2/22 George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 … Read more

GIECO abruptly closes all offices in CA. Many insurers stop writing in Louisiana – what’s really going on!?

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by AC GEICO, one of the largest insurance companies in the United States, reportedly closed all 38 of it’s California offices on Monday, resulting in hundreds of workers being laid off. According to the company, GEICO would not be leaving outright, and will still be offering policies directly online, with all insurance functions continuing as … Read more

The Diesel Crisis Is Far From Over

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By Charles Kennedy Despite expectations of an economic slowdown, diesel demand appears to be rising unabated. For some countries around the world, diesel shortages are already a reality, and European countries are racing to secure diesel ahead of the embargo on Russian barrels. For the U.S., with the harvest season in the Midwest looming, it will … Read more

The Three I’s of a Police State Education: Indoctrination, Intimidation & Intolerance

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by John W. Whitehead “Every day in communities across the United States, children and adolescents spend the majority of their waking hours in schools that have increasingly come to resemble places of detention more than places of learning.”—Investigative journalist Annette Fuentes This is what it means to go back-to-school in America today. Instead of making the schools safer, … Read more

How do the banksters get away with these naked grand thefts YEAR AFTER YEAR?!

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Former head of precious metals at J.P. Morgan, Michael Nowak, is currently on trial with colleagues Gregg Smith and Jeffrey Ruffo in Chicago regarding whether or not they conspired to manipulate gold and silver markets. While that may not be news to many Zero Hedge readers, some of the inner workings of J.P. Morgan’s metals desk, as detailed in … Read more

AN HONEST CONGRESSMAN? (Video)

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It’s a myth that the COVID shots stop the spread of the virus. Unfortunately this myth is still the basis of policies and decisions that are causing real harm to Americans. pic.twitter.com/nyLWv2PiT3 — Thomas Massie (@RepThomasMassie) August 1, 2022   h/t Jim

Truth Finally Comes Out About Epstein NOBODY Expected

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Jeffrey Epstein was a CIA or Mossad agent trying to compromise high-level assets, is a theory being floated by popular broadcaster Joe Rogan. Rogan stated so in late July on his podcast “The Joe Rogan Experience.” Rogan said that he believes that Epstein, a convicted pedophile was part of a plot to collect sensitive information … Read more