On Wire

Breaking news, updates, and reports on current events.

Commonwealth Bank’s investment in BNPL provider Klarna loses billions as valuation plummets

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by Boo_Randy “Buy now, pay later” rackets were only possible in a world awash in Yellen Bux hot money flows. But now as f**ked borrowers are drowning in debt they’ll never be able to repay, the chickens are coming home to roost. https://www.news.com.au/finance/business/other-industries/commonwealth-banks-investment-in-bnpl-provider-klarna-loses-billions-as-valuation-plummets/news-story/8c04f7ed487d7fa0bd946adb4cf092d8 One of Australia’s major banks put millions into a buy now, pay … Read more

PHONE SCAMMERS EXPLAINED: Willingness to give away money among older adults linked to cognitive profile of early Alzheimer’s.

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To help protect older adults from financial exploitation, researchers are working to understand who is most at risk. New findings from the Keck School of Medicine of USC, published this week in the Journal of Alzheimer’s Disease, suggest that willingness to give away money could be linked to the earliest stages of Alzheimer’s disease. Sixty-seven older … Read more

PM Trudeau is shirking Canada’s inflation fight, Scotiabank criticizes

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by Boo_Randy Canadians are going to get exactly what they deserve for electing this globalist stooge. https://english.alarabiya.net/business/economy/2022/06/20/PM-Trudeau-is-shirking-Canada-s-inflation-fight-Scotiabank-criticizes One of Canada’s largest commercial banks fired a broadside at Prime Minister Justin Trudeau’s government, warning that high levels of federal spending are hurting the fight against inflation. Economists at Bank of Nova Scotia, in a report to … Read more

Protests broke out against the cost of living crisis and the loss of citizens’ purchasing power.

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by SilverBoatSurfer According to demonstration organizers, around 80,000 people have mobilized. Thousands of people have joined the mobilisation outside the Gare du Nord station in Brussels on Monday morning for the national demonstration against the cost of living crisis and the loss of citizens’ purchasing power. According to demonstration organisers, around 80,000 people are present … Read more

It’s nice to write the laws that concern you. It’s even nicer to be able to ignore them.

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IT’S GOOD TO BE THE NOMENKLATURA: Two prominent Democratic lawmakers violated a federal conflicts-of-interest law. Again. Sen. John Hickenlooper of Colorado and Rep. Jamie Raskin of Maryland are in violation of the 2012 Stop Trading on Congressional Knowledge Act’s disclosure provisions, according to an Insider review of financial filings the lawmakers made with Congress. Hickenlooper, who … Read more

Central banks are freaking out right now with full employment.. fasten your seat belts

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The guardian “We face a global economic crisis” now with low unemployment > but nobody will tell you that we’ll face global financial crisis once unemployment will explode Central banks are freaking out right now will full employment.. fasten your seat belts pic.twitter.com/wFwii0hZfm — Alessio (@AlessioTMAD) June 19, 2022 https://twitter.com/NorthmanTrader/status/1538959788721287168 Spending categories that consumers are … Read more

The Entire System is a Ponzi

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by Chris Black All of it. If the crypto exchanges actually had the assets to back up the supposed crypto they hold, they wouldn’t need to freeze withdrawals. In fact they should be in an extremely strong position, if they backed up the supposed holdings with dollars as they claim they did. If they had … Read more

Welcome to Biden’s America, where you need to win the lottery to afford your groceries.

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Pres. Biden's Inflation is hammering everyone, particularly the poor. Just look at the price of eggs. It’s risen 32.2% in just one year. Welcome to Biden's America, where you need to win the lottery to afford your groceries. pic.twitter.com/AVP6FEnTmS — Steve Hanke (@steve_hanke) June 20, 2022 Inflation is forcing state and local officials to CANCEL … Read more

Fed’s Waller backs another jumbo 75 bp interest-rate hike in July (more jawboning from Yellen’s flying monkeys at the Fed)

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by Boo_Randy Ignore what these Fed fraudsters say – they’re all lying pieces of shit. Only pay attention to what they do, or don’t do. https://www.marketwatch.com/story/feds-waller-backs-another-jumbo-interest-rate-hike-in-july-11655580451?mod=mw\_latestnews Federal Reserve Gov. Christopher Waller said Saturday that he would like to see another 75 basis point interest rate hike at the next policy meeting in late July. Waller … Read more

Texas GOP adopts anti-LGBTQ platform, refers to being gay as ‘abnormal’

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The Texas Republican party adopted a new platform on Saturday that refers to homosexuality as “abnormal” and “opposes all efforts to validate transgender identity.” The Texas GOP party adopted the 40-page platform at its biennial convention in Houston after passing the party’s new guiding principles, which includes a section titled “Homosexuality and Gender Issues.” The section includes … Read more

Russia Demands Lithuania Lift “Openly Hostile” Blockade; Panic Buying Ensues…HERE WE GO

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The Russian Foreign Ministry has responded to Lithuania’s partial blockade of Kaliningrad, writing in a statement that they consider the “provocative measures” to be “openly hostile” and warning that the Kremlin may take action to “protect its national interests.” Kaliningrad is sandwiched between the EU and NATO members Poland and Lithuania. Supplies from Russia are … Read more