Originally published at: https://peakprosperity.com/daily-digest/biden-extends-covid-emergency-calls-to-federalize-the-national-guard/
Politics
In the United States, concerns about federal overreach have emerged with claims that Washington seeks to federalize the National Guard, potentially affecting state rights. This move is perceived by some as a threat to citizens’ liberty and state sovereignty, with governors reportedly uniting to oppose legislative proposals that could centralize control over the National Guard. The situation highlights ongoing tensions between federal authority and state rights. The Department of Defense argues that the proposal is necessary for national security, particularly in light of evolving threats in space.
In Canada, the government’s decision to end TikTok’s operations has raised concerns over election integrity as the country approaches a federal election. TikTok Canada’s head of public policy, Steve de Eyre, noted the challenges of monitoring misinformation without a local team. This decision follows a national security review that reportedly raised concerns about TikTok’s parent company, ByteDance, based in Beijing. Despite TikTok’s assurances about data storage outside China, the Canadian government remains cautious, prompting TikTok to consider legal action. The closure of TikTok’s Canadian offices could impact collaboration with Elections Canada, which is still evaluating the decision’s implications. Foreign Affairs Minister Mélanie Joly emphasized that the decision was a strategic move to send a message to China, while a survey indicated that 55% of Canadians have low trust in TikTok, associating it with misinformation risks.
Geopolitics
Belarusian President Alexander Lukashenko has claimed possession of “dozens” of nuclear warheads, emphasizing the country’s readiness to respond to any border threats. His assertion comes amid heightened geopolitical tensions, with Lukashenko highlighting the responsibility that comes with nuclear capabilities. The president’s remarks reflect ongoing regional security concerns, particularly in the context of Belarus’ relationship with Russia. Russian Foreign Minister Sergey Lavrov reiterated Russia’s support for Belarus, while NATO Secretary General Jens Stoltenberg stated that NATO is monitoring the situation closely.
Economy
In Europe, the continent faces an economic crisis driven by high energy costs and declining demand. The crisis, exacerbated by geopolitical tensions and reliance on expensive energy imports, has led to significant layoffs and deindustrialization. Industries such as steel and automotive are relocating, and Europe’s dependence on renewable energy has reportedly resulted in grid disruptions and rising electricity prices. The economic downturn raises questions about Europe’s ability to manage its debt and maintain competitiveness. Reports indicate that Siemens Energy AG plans to cut thousands of jobs due to financial losses, highlighting the broader impact of the energy crisis on European industries.
The global debt market is under scrutiny as a potential indicator of economic challenges. Historical patterns suggest that undermining government debt can lead to severe economic downturns, as seen during the Great Depression. The interconnectedness of global economies means that debt crises can quickly spread, affecting multiple nations. This perspective is echoed by billionaire investor Ray Dalio, who warns of a looming global debt crisis and advocates for investing in hard assets like Bitcoin and gold as potential safe havens. Bloomberg reports that despite stock market volatility, the stability of government bonds remains crucial for economic stability.
Discussions around President Trump’s influence continue, with some viewing his potential reelection as a shift away from extreme policies. The global political landscape remains volatile, with economic issues, particularly debt, playing a significant role. Tim Price, a financial expert, suggests that the current political and economic instability reflects a system in need of reform, with opportunities existing in undervalued assets like gold and silver. Recent reports indicate a slight dip in gold prices following a surge, attributed to profit-taking, yet the economic conditions continue to support a bullish outlook for gold.
Health
The Biden Administration has extended the COVID-19 emergency declaration through 2029, aiming to maintain liability protections for mRNA vaccine manufacturers. This move comes amid potential legal challenges regarding the vaccines’ safety and efficacy. The extension reflects ongoing debates about the pandemic’s status and the legal implications for pharmaceutical companies. Reuters reports that the extension is part of efforts to manage the virus, including vaccine distribution, rather than solely for liability protection.
A study released in July from Seoul, South Korea, has revealed complex psychiatric outcomes following COVID-19 vaccination. While vaccines have mitigated the pandemic’s severity, the study found increased risks of neurosis-related disorders but decreased risks of psychosis-related disorders among vaccinated individuals. These findings underscore the need for careful monitoring of psychiatric adverse events in vulnerable populations. However, a study published in Nature Medicine found no significant increase in psychiatric disorders following vaccination, suggesting that these events may not be elevated at a population level.
Sources
Canada’s TikTok Tangle: Election Integrity at Risk Amidst National Security Concerns
“It will impede our ability to focus locally and partner locally with regulators, Elections Canada, (the Privy Council Office), civil society organizations. That is a central pillar of our election integrity plan and how we’ve been successful in other jurisdictions,” said Steve de Eyre, TikTok Canada’s director of public policy and government affairs.
Source | Submitted by Shplad
Lukashenko Claims Belarus Holds ‘Dozens’ of Nuclear Warheads, Warns of Immediate Response
Belarusian President Alexander Lukashenko said his country is in possession of “dozens” of nuclear warheads, state media reported on Tuesday.
Source | Submitted by pnwdefector
Europe’s Energy Crisis: A Downward Spiral of Deindustrialization and Debt
Europe has entered a death spiral, and it’s very hard to see how (or rather if) it can escape its fate.
Source | Submitted by Barbara
The Debt Market: The Real Harbinger of Economic Doom
The true culprit is the DEBT market, not the stock market, that leads to depressions and recessions.
Source | Submitted by rhollenb
Washington’s Power Play: National Guard Federalization Sparks Civil War Fears
Washington is seeking to usurp state’s rights and federalize the National Guard to circumvent the Constitution and to use them against the people of the United States in true tyrannical fashion.
Source | Submitted by bcoop
COVID-19 Vaccination: A Double-Edged Sword for Mental Health? Seoul Study Reveals Surprising Psychiatric Outcomes
COVID-19 vaccination differentially affects occurrences of psychiatric disorders.
Source | Submitted by doranj
Trump’s Triumph and the Global Financial Tightrope: A Conversation with Tim Price on Gold, Debt, and Political Chaos
We live in a fantasy world now. Reality has been destroyed.
Source | Submitted by rhollenb
Ray Dalio Warns of Debt Crisis, Advocates for Bitcoin and Gold as Safe Havens
I want to steer away from debt assets like bonds and debt and have some hard money like gold and Bitcoin.
Biden Administration Extends COVID-19 Emergency Declaration Amid Vaccine Liability Concerns
BREAKING: Biden extends the “emergency declaration” for COVID-19 to extend liability protections for the deadly mRNA COVID “vaccines”