Investor and macroeconomics expert George Gammon has raised concerns about the potential collapse of the banking sector due to the Federal Reserve’s emergency liquidity program, the Bank Term Funding Program (BTFP). The program, launched in response to the collapse of Silicon Valley Bank, has seen its lending increase from $60 billion to over $100 billion since March. The BTFP is set to expire on March 11, and it remains unclear whether the Fed will choose to renew it. This uncertainty, coupled with JPMorgan Chase CEO Jamie Dimon’s decision to sell one million of his JPMorgan stock, has led to speculation about the future health of the banking sector and the U.S. economy.
In other news, the Biden administration has finalized a rule requiring each state to track and monitor greenhouse gas emissions from vehicles. The rule supports the administration’s goal of cutting carbon pollution in half by 2030 and achieving net-zero emissions by 2050. However, the rule has been met with varying levels of support among states, with some, like Texas, arguing that the method for tracking carbon emissions is not feasible for a state with a growing population and significant freight transportation.
Meanwhile, the Biden administration has issued a memo instructing U.S. Customs and Border Protection agents to use gender-neutral language and avoid assuming an individual’s gender identity. The guidance has been criticized by union leaders and Republican lawmakers who argue that it is a distraction from the ongoing border crisis.
On the international front, the World Health Organization (WHO) is advising Chinese citizens to wear face masks, maintain physical distance, and stay home due to an outbreak of an unidentified respiratory illness. The symptoms include lung inflammation and high fever, but not the typical cough associated with COVID-19 or other illnesses. Chinese authorities claim it is not a new virus, rather common winter illnesses that are causing hospitalizations.
In a related development, the WHO’s proposed “pandemic treaty” is seen as another step towards establishing a Conference of the Parties for global health, giving jurisdiction over health matters to a de facto global government. This process is often done through consensus, which can be easily manipulated. The establishment of these agreements bypasses the political process and undermines national sovereignty.
Finally, new testimony from an Israeli eyewitness contradicts the narrative that 12-year-old Liel Hetzroni and her family were killed by Hamas militants during the October 7 hostage standoff in Kibbutz Be’eri. The eyewitness claims that Liel was actually killed by an Israeli tank shell along with several neighbors. The revelation of friendly fire deaths aligns with previous reports of Israeli helicopter pilots and security officials disclosing friendly fire orders throughout the day.
This is a companion discussion topic for the original entry at https://peakprosperity.com/daily-digest/banking-fears-emissions-tracking-border-distractions-mystery-illness/