On Wire

Breaking news, updates, and reports on current events.

After 15 years in mining he still says central banks leave gold alone

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by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: Maybe it’s only what to expect from a stock-touting service, but today’s commentary by Alastair Ford, senior equities reporter for Proactive Investor in London, is disappointing all the same insofar as it comes from someone claiming 15 years of experience in the mining … Read more

It feels like Democrats owe their people an apology for being bad at their jobs – they had a long time to codify Roe v. Wade, defend a balanced court, get RBG to step down, etc. Instead they got played and trounced. “Help undo our failures!” is not a compelling rallying cry.

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The people who are going to get hurt by this the worst will be poor women in red states, while the folks who played politics with this will glide along and email people for money. — Andrew Yang🧢⬆️🇺🇸 (@AndrewYang) June 24, 2022 Thanks Obama! This is all on you Democrats. For anyone interested, here is … Read more

Bigger Problem Than Inflation Is Price Level

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The May Consumer Price Index (CPI) inflation rate came in hotter than expected, and the ripple effects are spreading far and wide. But by focusing so much on the inflation rate, we’re missing the bigger picture. The larger story is that all of this inflation is setting a new price level, guaranteeing a new high … Read more

Payday lending spikes amid Biden’s recession

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New York (CNN Business)In the last few months, Yumekia Jones, a legal assistant at the Mississippi Center for Justice’s Indianola office, has fielded an unusually high number of calls — a roughly 400% spike — from people in dire need of immediate financial assistance. Most want to avoid payday loans, which offer quick cash against … Read more

Are They Calling For An Insurrection?

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Sounds like insurrection to me — Styxhexenhammer666 (@Styx666Official) June 24, 2022 Radical-Leftist Maxine Waters says “to hell with the Supreme Court, we will defy them!” Sounds very insurrectiony for a member of Congress. pic.twitter.com/hqkpbpFXyP — ForAmerica (@ForAmerica) June 24, 2022 SOUNDS RATHER INSURRECTION-Y: Parkland shooting survivor Cameron Kasky urges followers to ‘go to the home of … Read more

Former Chair of the Federal Reserve Bernanke: “Regarding the Great Depression. You’re right, we did it. We’re very sorry.”

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“Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” https://www.federalreserve.gov/boarddocs/speeches/2002/20021108/     h/t dr0id

Tesla, Disney, Netflix, JPMorgan, chase bank, and others say they will pay for everyone’s abortion!

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Tesla has committed to covering travel-related expenses for employees who are forced to go out of state to have an abortion after Elon Musk’s electric car outfit recently relocated to Texas, where the governor has vowed to outlaw the procedure. Musk has been hailed by conservatives for his pledge to acquire Twitter and alter its … Read more

Whoa! More negative wealth effects coming down the pipe…big recession ahead

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Whoa! More negative wealth effects coming down the pipe…big #recession ahead pic.twitter.com/qfRbHfuxh9 — CrossBorder Capital/ GLIndexes (@crossbordercap) June 24, 2022 Rubbish! #recession is a ‘certainty’ pic.twitter.com/dEObfZ6dSC — CrossBorder Capital/ GLIndexes (@crossbordercap) June 24, 2022 In one week, QT escalates to a record pace of $60b/month in the lowest liquidity period of the year. By September, … Read more

Central banks will slay inflation through mass layoffs. Eurodollar price in a rate cut before june of next year. Are you able to survive until next year?

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consumer sentiment is at record lows for this reason, inlation is unsustainable! for the consumers and for employers central banks will slay inflation through mass layoffs https://t.co/JzADdu3urz — Alessio (@AlessioTMAD) June 24, 2022 Eurodollar price in a rate cut befofe june of next year Are you able to survive until next year? pic.twitter.com/U3MSGS9Uhh — Alessio … Read more