On Wire

Breaking news, updates, and reports on current events.

Fed’s Waller supports 50 bps rate hikes for ‘several’ meetings

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https://www.reuters.com/markets/us/feds-waller-supports-50-bps-rate-hikes-several-meetings-2022-05-30/ May 30 (Reuters) – The U.S. Federal Reserve should raise interest rates by a half percentage point each time at more than its next two meetings, Fed Governor Christopher Waller said on Monday, underscoring tensions at the central bank about how aggressively to tighten policy as it battles to bring down high inflation. “I … Read more

Eurozone inflation has moved up to 8.1%, its HIGHEST level ever.

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Eurozone inflation has moved up to 8.1%, its highest level ever. Meanwhile, the ECB is still holding interest rates at negative levels. This is perhaps the greatest disconnect between easy monetary policy and unabating rising prices that the world has ever seen. pic.twitter.com/V2fhXuR6I5 — Charlie Bilello (@charliebilello) May 31, 2022 https://twitter.com/Ben__Rickert/status/1531460994035503104 https://twitter.com/JordanFife1/status/1531618754588823552

Canadian Politician Urges Optimism Amid Energy Crisis

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by Martin Armstrong Since politicians are incapable of easing the energy crisis, they gaslight the public to believe that high prices are a good thing. Ontario Liberal candidate Granville Anderson is urging Canadians to see the “silver lining” in higher gas prices. “Maybe that’s a silver lining and that may allow people to think outside … Read more

Inflation and record gas prices are the TOP concerns for voters in swing districts in another sign Democrats are facing an uphill battle in the midterms, new poll shows

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Inflation rose 8.3 percent in April over the same time a year prior, ending a months-long steady increase of 40-year record high rising costs Gas prices meanwhile have continued to set new benchmarks this month As of Monday the average price of a gallon at the pump is now nearly $4.62 In the new poll, … Read more

Australia, China and Japan’s economy slowing down

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Wow – Japan’s economy is slowing quickly https://t.co/X0a9TAn4XD — Loren Boston THE FIAT WORLD IS WORRIED (@LorenBoston) May 31, 2022 NZ ANZ Business Confidence May: -55.6 (prev -42) — LiveSquawk (@LiveSquawk) May 31, 2022 #recession … #GFC2 Australia #Inventory edition The recession starts when #inventories get liquidated… 👇 https://t.co/zyiXwcjh7C — Invariant Perspective (@InvariantPersp1) May 31, … Read more

Cartoonishly Evil Elites

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by Chris Black Klaus Schwab really is a ridiculous figure. I’ve never met a German with that accent. He has a very weird face. He goes around in these space robes and gives these intentionally menacing speeches about how his group controls the world. He’s like a comic book villain. Why the WEF gang act … Read more

Should the U.S. arm school teachers?

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by Chris Black The premise itself is a huge red flag. If they attempt this, expecting liberal 80 year old granny schoolteachers rushing to the  designated gun locker rooms during a massacre, it is simply bad news for those kids.  Realistically, these schools will hire more private security or include a permanent police presence.  Most … Read more

The Housing Bubble Needs to Be Destroyed

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by Chris Black It is magnitudes larger than 2007. Homes that already appreciated $150k in three or four years tacked on another $100k during April and May. Realtors are telling clients that whatever the asking price is, you need to start your offer 50% above to have any hope. Then they are using appraisers that … Read more

Biden Calls for Ban on 9mm Ammo

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by Chris Black Wait, what? NEW – Biden on 9mm ammo: "2nd Amendment was never absolute."pic.twitter.com/D9nDjmXKD1 — Disclose.tv (@disclosetv) May 30, 2022 When I first saw the headline, I thought it was another of these senior moments we’re all so familiar with because they happen every day. But speaking in the above clip, he seems … Read more

Mona Lisa Gets Canceled

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by Chris Black This is why we can’t have nice things anymore. Because trannies, i.e. a man dressed as a woman threw cake at Mona Lisa to protest cow farts or something. The Guardian: The Mona Lisa has been left shaken but unharmed after a visitor to the Louvre tried to smash the glass protecting … Read more

George Gammon: Coincidence? I’ll let you be the judge

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Remember about a year ago IMF was urging the Fed to raise rates. Higher rates means higher dollar, higher dollar means more countries need dollar bailouts. Who is the dollar lender of last resort? With strings attached of course…The IMF Coincidence? I’ll let you be the judge. — George Gammon (@GeorgeGammon) May 30, 2022

A fire at a commercial egg farm in Minnesota on late Saturday night left 200,000 chickens dead

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by SilverBoatSurfer Source: https://www.foxnews.com/us/minnesota-fire-commercial-egg-farm-likely-leaves-thousands-chickens-dead These non-suspicious fires hitting U.S. food producers seem to be happening with alarming regularity. https://www.foxnews.com/us/minnesota-fire-commercial-egg-farm-likely-leaves-thousands-chickens-dead The sheriff’s office estimated that 200,000 chickens died in the barn fire  

Hyperinflation Can Happen in the U.S. And Already Did

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Lawrence Reed with Patrick V. on Silver Bullion TV SBTV spoke with Lawrence Reed, President Emeritus of the Foundation for Economic Education (FEE), about the past little-known bouts of hyperinflation that have already occurred in the U.S. and why it is on the hyperinflation path again! FULL SHOW NOTES AND LINKS HERE