On Wire

Breaking news, updates, and reports on current events.

Hwy Trust Fund Loses Average of $18B Per Year

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The Highway Trust Fund that finances most federal government spending for highways and mass transit is projected to lose an average of $18 billion per year in the next several years. That’s according to the Federal Fumbles report from Republican Sen. James Lankford (Okla.). President Dwight Eisenhower created the Highway Trust Fund in 1956 as part of … Read more

UDSA Raises Food Price Forecast to Highest Level in 42 Years, Third Wave of U.S. Food Inflation Will Dwarf Prior Price Increases

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by  Sundance  Have you ever seen egg prices at $1 per egg range, or $12/doz?  Hold on a few months and perhaps you will.  That is the context for the scale of food price increases the USDA is now starting to predict.  The highest predicted change in food costs in well over 40 years, that’s the … Read more

Uvalde massacre was a PLANNED STAND DOWN operation – law enforcement saved their own children while parents were pepper-sprayed and handcuffed

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by: Mike Adams (Natural News) It’s now 100% clear that the Uvalde mass shooting was a “stand down operation,” meaning law enforcement was deliberately ordered to stand down so that the massacre could take place. The goal? Gun control, of course. “Uvalde police stood outside school while parents urged them to go inside during shooting,” … Read more

Russia claims it tested hypersonic Zircon cruise missile…

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Russia claims it tested hypersonic Zircon cruise missile The Zircon warhead test took place at the same time British intelligence is reporting Russian use of outdated, Soviet-era tanks. Russia has successfully test-fired the Zircon hypersonic cruise missile at a range of over 1,000 km (625 miles). The Russian Defence Ministry claimed that the missile had … Read more

Blackouts This Summer: 1,000,000,000 People At Risk

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by Mac Slavo of SHTFplan The ruling classes of the globe are continuing to warn that the power grids all across the globe will be stretched thin this coming summer. There will not be electricity worldwide to meet the soaring demand for more energy, which is threatening more than one billion people with rolling blackouts. Power grids are … Read more

Growth Will Slow More. Breadth Worst Since Lehman. It’s About To Go From Bad To Worse. Buckle Up.

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It’s about to go from bad to worse. Buckle up. #recession #LetsGoBrandon pic.twitter.com/YxHbDib7Fo — Misty Clance ❤️👨‍👩‍👧 (@mistclance) May 19, 2022 Growth will slow more pic.twitter.com/WznaihTjxd — Win Smart, CFA (@WinfieldSmart) May 26, 2022 As the market goes lower, gamblers hedge less and less. Confident that a crash would never begin at this level. Which … Read more

How Influencers Hype Crypto, Without Disclosing Their Financial Ties

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by Boo_Randy It seems the entire crypto space is nothing but scammers, touts, and fools waiting to be separated from their money. https://dnyuz.com/2022/05/27/how-influencers-hype-crypto-without-disclosing-their-financial-ties/ Logan Paul had a message for his six million Twitter followers: He was “all in” on a new cryptocurrency called Dink Doink. According to the project’s creator, Dink Doink investors would receive shares … Read more

The Biden Bowl! US Personal Savings Declines -65% YoY In April As Inflation Rages (Credit Card Debt Soars As Personal Savings Collapses)

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by confoundedinterest17 Americans’ Savings Rate Drops to Lowest Since 2008 as Inflation Bites. Yes, inflation really bites. In fact, as US inflation is near the 40-year high, US personal savings declined -65% YoY as consumers try to cope with rising prices. Its not only that personal savings is crashing in the face of inflation, revolving debt … Read more

Why The Western Economy Can’t Survive

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by Samuel Briggs via Kinesis In this week’s Live from the Vault, iconic financial commentator and life-long stockbroker, Bill Holter, joins Andrew Maguire to share his eye-opening examination of the West’s insurmountable debt. As the Fed’s money-printing tactics start to closely resemble a Ponzi scheme, the precious metals expert explains, with mathematical certainty, why the current system is destined for bankruptcy. … Read more

How Long Consumers Expect Inflation to Persist

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A New York Fed research paper said American consumers expect no relief from high prices in the near-term, believing the current bout of roaring inflation will keep percolating for the next twelve months before finally losing steam over a three-year horizon. A new analysis from the New York Fed found that U.S. consumers polled about their future inflation expectations said they … Read more

As Biden administration leans toward $10,000 in student loan forgiveness, advocates push back

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by Boo_Randy More fake news from the lapdog media. Brandon can’t “forgive” shit. He can only transfer non-performing student loans from the deadbeats to taxpayers – including hard-working blue collar workers who couldn’t AFFORD to go to college but are now saddled with the debts of the special snowflakes who got useless degrees and now … Read more

The Celsius Defi Ponzi scheme appears to be collapsing in a bank run. (Bad for butters, but also Canada’s second largest pension fund invested millions into it last year. )

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by DontMicrowaveCats Celsius is yet another Defi ponzi scheme lending program. Put in your stablecoins, get a high return indefinitely like a perpetual money machine. They offer up to 18% returns on tokens. https://celsius.network/earn Sometime around the Terra/Luna collapse a wave of liquidations begun. They’ve apparently already lost of billions of dollars, but still has more … Read more

No, Inflation Did Not Ease in April and I Have the Receipts (the official lies and distortions just keep coming)

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by Boo_Randy https://pjmedia.com/vodkapundit/2022/05/27/no-inflation-did-not-ease-in-april-and-i-have-the-receipts-n1601423 Good news, comrades! Your inflation ration for April decreased for the first time in a year — but only if you compare it to last April’s “unexpectedly” high inflation rate. The Wall Street Journal, where people used to go for better financial reporting than this, parroted the Fed’s shaky claim that consumer price … Read more

The savings rate dropped to its lowest level since September 2008.

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2/2 The falling savings rates are not the result of government transfers falling (i.e., social security, disability, welfare, Govt credits, "mailed money"). Income via the government sending money remains historical high. pic.twitter.com/sdNYEIvxbL — Jim Bianco (@biancoresearch) May 27, 2022 Credit Suisse, BofA Cut Value Stocks on Doubt Over Returns https://t.co/8YydtBXeiv — Bloomberg Markets (@markets) May … Read more