Originally published at: https://peakprosperity.com/daily-digest/covid-vaccine-eua-rescinded-central-bank-gold-holdings-now-surpass-us-treasuries/
Health
The U.S. Department of Health and Human Services has revoked the emergency use authorization (EUA) for COVID-19 vaccines, as announced by HHS Secretary RFK, Jr. The announcement comes with the support of the Independent Medical Alliance, a group of independent doctors, viewing it as a step toward reassessing pandemic-era policies. Critics, such as Public Health Watchdog, warn that this decision could undermine trust in vaccines and increase hesitancy, highlighting the ongoing debate over vaccine safety and efficacy.
On another front, a lawsuit against ChatGPT alleges that the platform provided a teenage boy with detailed suicide instructions, which the plaintiffs claim contributed to his death despite the presence of safeguards. OpenAI has acknowledged the lawsuit, expressing commitment to safety improvements while defending existing safeguards, as noted in their official statement.
Relatedly, some researchers and commentators have suggested that algorithms, beyond just devices, may contribute to a sense of loneliness, particularly among younger generations like Gen Z, by prioritizing engagement over meaningful human connection, potentially affecting mental health. Conversely, some tech executives argue that algorithms can foster community by connecting users with shared interests, suggesting individual responsibility also plays a role in managing online interactions.
In other news, concerns have been raised about public health narratives as science-for-hire firms face scrutiny for their alleged role in influencing research. Reports indicate that companies such as “Unbiased Science,” reportedly linked to pharmaceutical companies like Pfizer and Moderna, have promoted claims on topics including autism and chemical safety, often without disclosing potential conflicts of interest. Critics, who refer to these entities as “rented white coats,” argue that such practices may obscure issues like rising autism rates and vaccine-related risks, potentially impacting public trust and health. However, defenders of Unbiased Science, including outlets like Science-Based Medicine, assert that the accusations are unfounded and that their content aligns with scientific consensus, emphasizing the need for a balanced view on industry-funded research.
Economy
Foreign central banks now hold more gold than U.S. Treasuries for the first time since 1996, which some analysts interpret as a shift in global trust. Yet, Bloomberg notes that US Treasuries remain significant in global finance, suggesting the shift may reflect diversification rather than a complete loss of confidence. This coincides with a $1 billion gold trade in a dark pool block, prompting speculation about the involvement of major players such as Saudi Arabia or BlackRock. Alternative views from Reuters indicate the trade could be routine market activity, such as portfolio rebalancing, rather than a strategic move.
Speaking of central banks, some financial experts have raised concerns about a potential “stealth bailout” by the Federal Reserve to support systemic banks through rate cuts addressing inverted yield curves, warning that such actions could introduce liquidity risks to the banking sector. Opposing perspectives, including from Bloomberg, argue that current economic indicators like a strong labor market do not necessitate immediate rate cuts, focusing on inflation concerns instead.
In Toronto, new home sales reached a record low of 359 units in July 2025, an 82% decline from the 10-year average, leading industry experts to warn of a deepening housing crisis. Some analysts, as reported by the Financial Post, suggest this downturn might be a necessary market correction after years of overvaluation, potentially benefiting future buyers.
In the UK, economists have raised concerns about the economy’s stability, citing stagnant productivity, high debt-to-GDP ratios, and the lingering effects of Brexit and energy sanctions, with some suggesting the possibility of an IMF bailout. However, UK Chancellor Rachel Reeves has refuted claims of an imminent bailout, emphasizing government efforts toward economic stability.
In Germany, Chancellor Friedrich Merz has stated that the current welfare state is unsustainable, proposing reforms without tax increases on medium-sized firms, a position that may create tension with coalition partners. The SPD, including Vice Chancellor Lars Klingbeil, counters that protecting the social safety net may require exploring tax adjustments, highlighting coalition discord.
Space News
Surya, a heliophysics AI model developed by IBM and NASA, reportedly uses 15 years of solar data to predict solar storms with a two-hour warning window, achieving a reported 16% improvement in accuracy over previous methods. The tool is designed to protect astronauts, satellites, and Earth’s power grids from solar disruptions. Some experts, as reported by SpaceWeatherLive, caution that AI predictions like Surya’s require human oversight to ensure reliability, advocating for a balanced approach with traditional methods.
In a separate development, Harvard physicist Avi Loeb has speculated that interstellar object 3I/ATLAS, currently approaching our Solar System, could have artificial origins, rating the likelihood as 6 out of 10 and calling for global preparedness ahead of its closest pass by Christmas. NASA, however, maintains that 3I/ATLAS is a natural interstellar comet, posing no threat, and will pass closest to the Sun on October 30 before exiting our system.
Sources
Science-for-Hire Firms Undermine Truth, Fuel Public Health Crisis with Junk Science
Science-for-hire companies will say or do anything for money.
Source | Submitted by Barbara
Surya: AI Model Stares Down the Sun to Predict Solar Storms
“With Surya we have created the first foundation model to look the Sun in the eye and forecast its moods.”
Source | Submitted by Barbara
Harvard Scientist Warns of ‘Not Natural’ Space Object Heading for Earth by Christmas
It may come to save us or destroy us. We’d better be ready for both options – and check whether all interstellar objects are rocks.
Source | Submitted by Walberga
Toronto’s New Home Market Hits Historic Low, Industry Warns of Deepening Crisis
The market, leaders within the industry and top economists are flashing every possible warning light, and the lesson from the 1990s downturn is clear: if government stands by, the pain will be deep and prolonged.
Source (Paywalled) | Submitted by Shplad
ChatGPT Lawsuit: Parents Claim AI Contributed to Teen’s Suicide with Disturbing Guidance
CHAT-GPT had offered Adam help in writing a suicide note.
Source | Submitted by Patriot83
German Chancellor Merz Warns Welfare State ‘Can No Longer Be Financed,’ Rules Out Tax Hikes
“The welfare state that we have today can no longer be financed with what we produce in the economy.”
Source | Submitted by PeakCovid
UK Economy on the Brink: Economists Warn of Potential IMF Bailout
Britain has stagnant, falling productivity. Wages in Britain are still lower overall than they were in 2007. Debt levels have been growing. Debt to GDP ratio is now over 100%, and there is no sign that it can be brought down.
Source | Submitted by PeakCovid
Independent Doctors Applaud HHS for Revoking COVID Vaccine Emergency Use Authorization
Independent Doctors Praise HHS for Rescinding COVID Shots Emergency Use Authorization
Source | Submitted by Chris Martenson
The Loneliness Epidemic: How Algorithms, Not Phones, Are Isolating Us
The real driver of this new loneliness is algorithms—the invisible rules and processes that now govern how we live, connect, and even think.
Foreign Central Banks Now Hold More Gold Than US Treasuries for First Time Since 1996
Foreign central banks now officially hold more gold than US Treasuries — for the first time since 1996.
Mysterious $1B Gold Trade Sparks Speculation: Who’s Moving the Chess Pieces?
Someone just dropped $1B into $GLD in a single dark pool block.
Federal Reserve’s Stealth Bailout: A Potential Banking Black Swan on the Horizon
And in his opinion, this is why the Fed, Jerome Powell, has really kind of pivoted to taking a more dovish stance. It’s not just because of the labor market. It’s more so the banking system and the monetary system, and then unfortunately, they’re backed up into a corner where their bailout could lead to a black swan event that could potentially lead to a crisis within the banking system itself, similar to what we saw during the GFC.
Source | Submitted by Friedrichs_teeth
In addition to sources submitted by community members, the following were also used in the creation of this report: Science-Based Medicine, Public Health Watchdog, SpaceWeatherLive Blog, NASA, OpenAI, TechCrunch, Financial Post, Rachel Reeves, Lars Klingbeil, Bloomberg, Reuters MSM.