On Wire

Breaking news, updates, and reports on current events.

Seven of the world’s richest crypto founders have lost a combined $114 billion since November as digital-asset values crumble.

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by Boo_Randy What’s the best way to become a crypto millionaire? Start off as a crypto billionaire. Should’ve bailed out of the pump & dump and transferred your profits into the safe haven of physical precious metals. https://www.bloomberg.com/news/articles/2022-06-13/crypto-billionaire-fortunes-vanish-as-quickly-as-they-were-made?srnd=premium-asia&sref=ibr3A0ff Seven of the world’s richest crypto founders have lost a combined $114 billion since November as digital-asset … Read more

Suburbs plunged into darkness as blackouts hit Sydney, with entire east coast under threat of outages

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by Boo_Randy Australia’s globalist Quisling government let Enron-style energy pirates take over the nation’s power grid as part of their “financialization of everything” to extract maximum wealth from the sheeple – but when your grids are maximized for “shareholder value” instead of reliability, bad things tend to happen. Watch and learn, ‘Muricans. Central banks can’t … Read more

The Great California Exodus… to MEXICO

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by Boo_Randy Better build a big beautiful wall to keep out all those desperate gringos, Mexico. Especially the CA libtards who will bring their pestilence with them wherever they settle. Mexico isn’t just have a much lower cost of living than the U.S.; it’s feels much freer there than in Biden’s America. Californians fleeing rising … Read more

This is looking like 1930s type sh*t…

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by  Boo_Randy The implosion of the crypto pump & dump will be small potatoes compared to when Housing Bubble 2.0 bursts and millions of f**ked borrowers get foreclosed on…. Oh damn, this isn’t good. This is looking like 1930s type shit — Jonathan (@cambss) June 14, 2022 #bitcoin this is fine! 1 BTC = 1 … Read more

It’s all so tiresome….

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It's yet another supply chain problem where women are bearing the brunt of the cost, as mothers struggle to feed their babies during the baby formula shortage.https://t.co/p5mAPlSwPM — NPR (@NPR) June 13, 2022

Fading business confidence…

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Fading confidence: ⁦@NFIB⁩ Small Business Optimism Index fell in May to 93.1 vs. 93 est. & 93.2 prior; outlook component (orange) collapsed to an all-time low (-54%); % expecting to ramp up hiring and raise prices increased, while plans to increase compensation dipped pic.twitter.com/oOoPS78oCF — Liz Ann Sonders (@LizAnnSonders) June 14, 2022

I’m beginning to think Dems aren’t really reading the room.

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I'm beginning to think Dems aren't really reading the room. pic.twitter.com/6RdIO9MDWs — Peter St Onge, Ph.D. (@profstonge) June 13, 2022 MEDIAN CPI 😮👇 pic.twitter.com/0rgjCfn8Va — Win Smart, CFA (@WinfieldSmart) June 14, 2022 Morgan Stanley CEO James Gorman Sees 50% Recession Risk A blended average of 100% for poor Americans and 0% for rich — zerohedge … Read more

Credit Card Debt on the Rise

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by Martin Armstrong The various handouts and moratoriums during the pandemic drove the personal savings rate down to World War II levels. Everything was closed – there weren’t many opportunities to spend. US consumers paid off a record $83 billion in credit card debt during the pandemic, but that has all come crashing down. The Federal … Read more

Border Patrol cannot see path forward under Biden: ‘There is no morale’

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(Washington Examiner) EXCLUSIVE from AUSTIN, Texas — U.S. Border Patrol agents stationed along the southern border have nothing left in the tank. For months, agents have warned that morale within the ranks of the federal law enforcement organization is sinking, but the last shreds of spirit have since been dashed by outright animosity from the … Read more