On Wire

Breaking news, updates, and reports on current events.

Australia May Limit LNG Exports Amid Domestic Gas Shortage

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By Irina Slav Australia is again facing a domestic gas shortage because of excessive exports, and the Australian Competition and Consumer Commission is warning that the government must impose limits on LNG exports to secure local supply. This warning follows a decision by the Australian Energy Market Operator to activate a supply guarantee mechanism that was set … Read more

Private Companies On Edge As Kyrgyzstan Takes Control Of Canadian-Owned Mine

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By Eurasianet Private mining companies are on edge as Krygystan looks to consolidate the industry. A decades-long legal saga between Kyrgystan and Canadian-based Kumtor Gold Company has ended with the government taking control of the private mine. Industry observers worry that Kyrgyz authorities are itching to drive out yet more private mining companies. In the … Read more

Schumer/Manchin Bill With $327 Billion In New Taxes Could Cause Further Recession And Increase Taxes On Americans Making Under $400,000 (US 10Y-2Y Yield Curve Further Inverts)

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by confoundedinterest17 The spendiholics in Washington DC (aka, Biden and Congress) have passed yet another inflationary legislation, this time the sadly misnamed “The Inflation Reduction Act” since it will likely lead to a furthering recession of the US economy. Well, that is one way to reduce inflation: cause a recession and job loss. From the Wall Street Journal: An … Read more

‘Whole World Is A Banana Republic’

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Via Greg Hunter’s USAWatchdog.com, A few months back, precious metals expert and financial writer Bill Holter predicted the economy was going to tank, and today, the U.S. is officially in a recession. Holter says it’s not just America buckling under enormous debt, but the entire world.  Holter explains, “This is only the start…” “They are trying to debate … Read more

Unrelenting inflation is driving up costs, leaving more Americans living paycheck to paycheck

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With no break in sight for rising prices, nearly two-thirds of all Americans are living paycheck to paycheck, according to a recent report. Even top earners say they are stretched thin, the report found. Over one month, average savings dropped from $11,274 in May to $10,757 in June. https://www.cnbc.com/2022/08/01/as-inflation-surges-more-americans-are-living-paycheck-to-paycheck.html New York Times columnist and Nobel … Read more

SEC charges eleven individuals in $300 million crypto pyramid scheme… Crypto clients beg for their cash back after lender’s crash

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by Boo_Randy Alleged Fraudulent Blockchain Scheme Spanned Multiple Countries Including U.S., Russia FOR IMMEDIATE RELEASE 2022-134 Washington D.C., Aug. 1, 2022 — The Securities and Exchange Commission today charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of … Read more

Jimmy Dore: They’ll never admit they were wrong!

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The Jimmy Dore Show, Released on 7/29/22 The Jimmy Dore Show is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a professional stand up comedian, author and podcaster. The show is also broadcast on Pacifica Radio Network stations throughout the country. Jimmy Dore is a stand-up comedian, political commentator, host … Read more

Europe is doomed

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Translation from German: “This escalator is NOT defective. This escalator is currently contributing to climate protection and reducing energy consumption. Please use another escalator or elevator.” 🤡 Europe is doomed. pic.twitter.com/3EargFo81y — Dr. Eli David (@DrEliDavid) July 31, 2022 The worst Retail Sales trend since the re-unification of Germany 🇩🇪.. Down 8.8% since a year … Read more

German broker Comdirect says that the DTCC told told their despository (aka Clearstream) that the splividend should not be treated as a dividend but as a regular stock split. (More inside)

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by ronk99 This info comes from the following thread in Comdirect support forums: https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/m-p/245619/ First of all, as a cherry on top, this quote from earlier in the same thread: “Der Aktiensplit in dieser Gattung ist so richtig und es wird hier kein Storno erfolgen bzw. notwendig sein. Die im Markt kursierenden Gerüchte es handele sich … Read more

Taiwan cancels leave of some soldiers ‘to immediately prepare for war’

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Taiwanese defense officials have canceled the leave of some soldiers and officers “to immediately prepare” for the chance of war in response to House Speaker Nancy Pelosi’s visit to Asia this week, according to local reports. China warned early Monday that its military would not “sit idly by” if the House speaker visits Taiwan during … Read more

Serbia-Kosovo tensions: NATO is prepared to intervene. 4,000 personnel in Kosovo.

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NATO HAS CLOSE TO 4,000 PERSONNEL IN KOSOVO pic.twitter.com/8cpcsm1oLr — The_Real_Fly (@The_Real_Fly) July 31, 2022 JUST IN – Serbia-Kosovo tensions: NATO is prepared to intervene. pic.twitter.com/RvXcmZqNZI — Disclose.tv (@disclosetv) July 31, 2022 Serbian President on the situation in Kosovo: 'All I can say is that we will ask for peace and ask for peace, but … Read more