Originally published at: https://peakprosperity.com/daily-digest/big-beautiful-bill-strips-states-rights-to-ai-regulation-trump-confronts-south-african-president/
US Politics
President Trump’s “One Big Beautiful Bill Act” includes a provision that would strip states of their power to regulate artificial intelligence for the next decade. This has raised concerns about state sovereignty and the expansion of AI into various sectors of society. Some senators argue for the preservation of state rights, while Trump frames the bill as necessary for national security and economic competitiveness.
Relatedly, John Rubino has warned of a potential currency crisis due to Trump’s “Big Beautiful Bill” and Moody’s downgrade of US debt. The bill could increase the national debt by $20 trillion over the next decade, while the downgrade raises concerns about money printing to cover the $1.5 trillion in annual interest on federal debt. Rubino has criticized the rating agencies for maintaining an investment-grade rating for the US despite its debt being 125% of GDP. Some argue that the U.S. economy might still have levers to pull to avoid a catastrophic financial reset, focusing on potential policy adjustments.
In other news, President Trump confronted South African President Cyril Ramaphosa in the Oval Office with a video of chants calling for the murder of whites (Boers). Ramaphosa responded by stating that such sentiments are not government policy, emphasizing South Africa’s commitment to free expression and democracy. Some critics have accused Trump’s approach as inflammatory, suggesting it could strain U.S.-South African relations and oversimplify complex racial issues in South Africa.
Canadian Politics
Alberta’s separatist movement has reportedly gained momentum following Prime Minister Mark Carney’s recent election victory. Frustration over federal climate policies, perceived by some as detrimental to Alberta’s oil and gas industry, has fueled this surge. Premier Danielle Smith has announced a potential referendum on Alberta’s separation from Canada next year, driven by the Alberta Prosperity Project. A recent poll indicated that 48% of Albertans might support leaving Canada. The movement’s appeal lies in the economic argument: Alberta currently provides $13.2 billion in equalization payments to other provinces. Recent events, like the sentencing of Chris Carbert for his involvement in a border blockade, have reportedly galvanized support for independence. There’s also discussion about Alberta’s potential as a landlocked entity, with trade traditionally being north-south rather than east-west. Finally, there are reports of a delegation from Alberta exploring the possibility of becoming the 51st state of the U.S., indicating a significant shift in regional identity and economic alignment.
European Politics
Spain’s Socialist-led government has announced a nationwide equality plan, investing over €140 million to address what it describes as “far-right” narratives among young men. This initiative comes in response to the rising popularity of nationalist parties across Europe. Critics argue that this move might stigmatize dissenting views as extremism, especially following significant gains by right-wing forces in neighboring countries like Portugal and Poland. Some critics, including the Spanish nationalist party Vox España, have accused the government of attempting to “indoctrinate” young men and suppress traditional values.
In Ireland, over 1,850 holiday homes in Kerry are at risk of closure due to the Short Term Letting and Tourism Bill, which seeks to convert short-term rentals into long-term housing. This legislative push could result in a loss of approximately €72.4 million in tourism revenue for Kerry alone, part of a broader impact along the Wild Atlantic Way, potentially costing €256 million annually. The Irish Self-Catering Federation (ISCF) opposes the Bill, arguing it unfairly targets the tourism sector. Critics also argue it undermines personal property rights. Some residents and housing advocates support the Bill, arguing that it’s necessary to prioritize housing for local residents over tourists, especially given the acute housing shortage in Ireland.
Geopolitics
Russian President Vladimir Putin visited the Kursk region, marking its full liberation from Ukrainian forces. Despite the liberation, the border region remains “difficult” with ongoing threats from Ukraine, including drone attacks and cross-border shelling. Putin’s visit included meetings with local officials and a tour of industrial sites. Some Western media outlets have downplayed the significance of the event.
China has expressed opposition to President Trump’s “Golden Dome” missile defense plan, which aims to cover the United States with space-based interceptors. Chinese Foreign Ministry spokesperson Mao Ning criticized the plan for potentially militarizing space and destabilizing global security. Some European countries have also expressed concerns over the militarization of space, fearing it could lead to an escalation of tensions.
Health
Dr. Peter McCullough has challenged Senator Richard Blumenthal’s claim that the COVID vaccines saved three million lives. During a public discussion, McCullough argued that the decline in COVID mortality was due to natural immunity, early treatment protocols, and the virus’s mutation to a milder form, not solely the vaccines. Other experts, like Dr. Eric Topol, argue that while vaccines might not have been the sole factor, they significantly contributed to reducing the severity of the disease, supported by observational data.
Sources
Alberta’s Independence Movement Gains Traction Amidst Federal Frustrations
Alberta’s separatist movement is gaining momentum following Prime Minister Mark Carney’s recent election victory there.
Moody’s Downgrade and Trump’s Bill: A Recipe for a Currency Crisis, Warns Rubino
They are clearly baking a gigantic currency crisis into the cake.
Source | Submitted by rhollenb
Kerry Holiday Homes at Risk as Government Pushes for Long-Term Rentals
“The ISCF believe it is unfair to penalise rural communities who have invested in creating tourism accommodation only to have it closed down due to flawed legislation.”
Source | Submitted by Russdee
Spain’s Socialist Government Funds Equality Plan to Counter Nationalist Surge Among Young Men
The Spanish Socialist-led government is doubling down on its ideological agenda — plowing over €140 million of taxpayer money into a nationwide equality plan aimed, in part, at combating what it labels “far-right” narratives among young men.
Putin’s ‘Mission Accomplished’ in Kursk Amidst Ongoing Border Tensions
“You and I are a team, and the whole country today is one united team. And this is the unquestionable success of all our endeavors. This is a necessary condition for achieving all our goals,” he said.
China Urges U.S. to Abandon ‘Golden Dome’ Missile Defense Plan, Citing Space Militarization Concerns
“China is gravely concerned about this,” he continued. “We urge the US to give up developing and deploying the global anti-missile system at an early date and take concrete actions to enhance strategic mutual trust between countries and safeguard global strategic stability.”
Congress Strips States of AI Regulatory Power in Sweeping New Bill
“No State or political subdivision thereof may enforce any law or regulation regulating artificial intelligence models… during the 10-year period beginning on the date of the enactment of this Act.”
South African Golfer Retief Goosen Discusses Farm Attacks with Trump, Challenges President’s Narrative on Racial Harmony
“So it is a concern to try and make a living as a farmer, and at the end of the day, without farmers, there’s no food on the plate.”
Trump Confronts Ramaphosa with ‘Kill The Boer’ Video, Sparks Controversy in Oval Office
“You have hundreds of people, thousands of people trying to come into our country because they feel they’re going to be killed and their land is going to be confiscated, and you do have laws that were passed that give you the right to confiscate land.”
Dr. Peter McCullough Challenges Senator Blumenthal’s Claims on COVID Vaccine Efficacy
The vaccine cannot be falsely credited with saving millions of lives.
Source | Submitted by Chris Martenson
In addition to sources submitted by community members, the following were also used in the creation of this report: David Kraton’s X show, Dr. Peter McCullough’s X post, RT, The Guardian, The Irish Times, The Washington Post, Vox España’s X post, and ZeroHedge.