National Emergency Declared, UK in Turmoil

Daily Digest
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Originally published at: https://peakprosperity.com/daily-digest/national-emergency-declared-uk-in-turmoil/

Energy & Economy

The past weekend’s market turmoil reflects deeper systemic issues, particularly the impact of a U.S. recession on global financial stability. While markets saw a slight recovery on Turnaround Tuesday, the process of repricing risk has only just begun. Economists are urging the Federal Reserve to cut rates, but the Fed remains focused on past inflation data. Japanese banks, heavily exposed to U.S. junk credit, are now pulling back, causing a ripple effect across global markets. This pullback is evident in the surge of the Yen and the sharp increase in credit spreads, indicating liquidity problems and a reassessment of risk. The recent disappointing jobs report has led to calls for emergency rate cuts.

The Japanese Yen has experienced a significant drop due to divergent monetary policies between Japan and other developed economies, particularly the United States. While the U.S. Federal Reserve has been raising interest rates to combat inflation, the Bank of Japan has maintained low rates to stimulate its stagnant economy. This disparity has weakened the Yen, prompting Japanese authorities to consider selling off some of their U.S. Treasury holdings to stabilize the currency. Norinchukin Bank plans to liquidate $63 billion in U.S. and European treasuries to address unrealized losses. Japan’s decision to sell U.S. debt is driven by the need to reduce interest rate risk and diversify assets, potentially impacting the value of the U.S. dollar and contributing to broader financial instability.

Despite the turmoil, global oil demand is projected to rise in the latter half of 2024, according to Saudi Aramco’s CEO Amin Nasser. He anticipates an increase of 1.6 to 2 million barrels per day (bpd), aligning more closely with OPEC’s forecast of 2.2 million bpd than the International Energy Agency’s (IEA) estimate of around 970,000 bpd. This divergence in projections comes amid a recent slump in oil prices, driven by concerns over a potential U.S. recession and weak demand in China. Nasser reportedly believes the market has overreacted, asserting that fundamentals do not support the current price drop.

Politics

In the UK, Wakefield Council has issued its first fine for the illegal use of domestic log burners, a move aimed at curbing excessive smoke emissions and improving air quality. The new measures, part of the Environment Act 2021, allow for fines starting at £175, rising to £300 for repeat offenders. The council investigated 216 complaints related to domestic chimneys between 2019 and 2022, highlighting the need for stricter regulations. The initiative also targets sellers of prohibited solid fuels and non-approved appliances, aiming to reduce harmful pollution and its adverse health impacts.

Revolver News has been investigating the January 6 pipe bomb incidents, focusing on the involvement of Vice President Kamala Harris and the Secret Service. A recent DHS Office of Inspector General (OIG) report reveals that Harris’ Secret Service detail failed to detect a pipe bomb at the DNC, despite a canine unit sweep before her arrival. The report highlights inconsistencies in the Secret Service’s account, including the absence of Explosive Ordnance Disposal (EOD) personnel, which the agency claimed required 72 hours’ notice. The bomb was discovered by a Capitol Police officer shortly after another device was found near the RNC, coinciding with the initial breach of the Capitol’s West perimeter. The OIG report raises questions about the Secret Service’s actions and Harris’ behavior.

The UK government has declared a National Emergency due to escalating unrest, primarily in large cities but also spreading to smaller towns. A COBRA meeting was convened to address the crisis. The unrest has led to severe incidents, including the burning of hotels housing migrants and violent clashes between far-right rioters and Muslim counter-protesters. Police have been overwhelmed, and the violence has spread to Ireland and Northern Ireland. Several countries have issued travel warnings against visiting the UK. The government is attempting to respond with swift legal action, opening courts 24/7 to process arrests quickly. However, there are concerns about the adequacy of prison spaces to accommodate the influx of detainees.

Health

Peggy Hall from thehealthyamerican.org has addressed recent headlines about Connecticut removing religious exemptions for vaccinations in schools. Connecticut joins several other states in eliminating these exemptions. Hall emphasizes that the legal battle isn’t over, as the case is still in Connecticut’s lower courts. She criticizes the list of required vaccinations for children and expresses concerns about government overreach. Hall argues that the Religious Freedom and Restoration Act (RFRA) undermines constitutional protections for religious freedom by allowing the government to override religious rights for public safety. She encourages parents to seek alternative education options and urges continued vigilance and advocacy.

Sources

Saudi Aramco Predicts Oil Demand Surge Despite Market Skepticism

Saudi Aramco’s chief executive Amin Nasser said on Tuesday, noting that the past week’s selloff in oil doesn’t reflect fundamentals.

Source | Submitted by AaronMcKeon

Wakefield Council Issues First Fine for Illegal Log Burner Use Amid Rising Complaints

Wakefield Council brought in new measures in December to allow environmental health officers to issue fixed penalty notices to stop “excessive smoke emissions”.

Source | Submitted by Walberga

OIG Report Reveals Kamala Harris’ Secret Service Role in January 6 Pipe Bomb Cover-Up

“Now, based on conversations with several individuals with direct knowledge of the DHS Office of Inspector General’s report on the Secret Service’s activities on January 6, we can confirm definitively that Kamala’s Secret Service detail played an immediate and direct role in the cover-up of the DNC pipe bomb hoax on January 6th.”

Source | Submitted by joe tenaglia

Turnaround Tuesday: Markets Rebound Amid Global Recession Fears

“Now, today is Turnaround Tuesday, and that’s the day when markets retrace following a big weekend crash or a shift that extends into a Monday.”

Source | Submitted by rhollenb

Inflationary Depression: Are We Already There?

“Today, we are supposed to trust and rely on data that few professionals anymore actually believe is real.”

Source | Submitted by rhollenb

Yen’s Plunge Prompts Japan to Liquidate US Treasuries Amid Diverging Monetary Policies

Japan is considering selling off some of its US Treasury holdings as part of its strategy to stabilize the Yen.

Source | Submitted by rhollenb

UK Declares National Emergency Amid Escalating Race Riots and Unrest

The UK government has declared a national emergency.

Source | Submitted by Kathy

Connecticut’s Vaccine Exemption Battle: “It Ain’t Over Till It’s Over”

“It ain’t over till it’s over.”

Source | Submitted by Diversityhobbit

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It’s outrageous that in the UK we can’t burn logs to heat our homes without the threat of being fined. The government is passing laws to ensure we can only heat our homes using “approved” sources of fuel. They are, in effect, making it illegal for us to produce our own sources of energy.

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It won’t be long until the government passes laws stopping us from growing our own food in the UK. The MSM are already starting to plant the seeds to shift opinion…

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Once upon a time in a quiet, cosy corner of the forest, there lived a diligent and kind-hearted mouse named Morton. Morton was known throughout the woodland for his foresight and industrious nature. As the warm days of summer began to wane and the first whispers of autumn rustled the leaves, Morton knew it was time to prepare for the cold winter months ahead.

Each morning, while the other animals still slumbered, Morton would rise with the sun. With a tiny basket in paw, he ventured out into the forest, searching for the finest twigs and branches. He knew that a well-stocked supply of wood would be essential to keep his little burrow warm and cosy during the long, frosty nights.

Morton’s friends often teased him for his hard work, choosing instead to play and frolic in the last warm rays of sunshine. “Why do you work so hard, Morton?” they would ask, laughing. “Winter is still far off, and there is plenty of time to gather wood.”

But Morton would just smile and continue with his task. He had learned from his wise old grandmother the importance of preparation and the satisfaction that came from being ready for whatever might come.

Day by day, Morton’s pile of wood grew. He collected small twigs for kindling and larger branches that would burn slowly through the night. He stored them carefully in his burrow, ensuring they stayed dry and ready for use.

As autumn deepened, the forest began to change. The leaves turned brilliant shades of red, orange, and gold, and the air grew crisper. Morton’s friends, seeing the transformation, realised that winter was indeed approaching. They began to scramble, gathering what they could, but it was clear they were not as well-prepared as Morton.

One blustery day, as the first snowflakes began to fall, the animals gathered in Morton’s burrow. They admired his neat stacks of wood and thanked him for his wisdom and foresight. Morton, being the generous mouse he was, shared his firewood with his friends, ensuring everyone had enough to keep warm.

Throughout the long winter, Morton’s burrow became a haven of warmth and friendship. The animals would gather there each evening, sharing stories and enjoying the comfort of the crackling fire. However, one day, a squirrel named Simon, living next door, noticed smoke coming from Morton’s chimney and felt it was too much.

Concerned, Simon made a complaint to the local woodland council. An investigation was carried out, and it was found that Morton’s chimney did not comply with the Environment Act 2021 standards. Morton had been unaware of the new regulations, and despite his good intentions, he was found in breach of the law.

Morton was fined £175 for this initial breach, with the warning that if he were to be a repeat offender, the fine would rise to £300.

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New York has also eliminated religious exemption. I have friends who are struggling with this.

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You should write a children’s book:) I’m the one who put that article up. When I was reading it, I couldn’t believe what I was reading and felt I was somehow misunderstanding it. We don’t use the term “log burner” in the US. We say “fireplace” or “wood burning stove.” It’s the same thing, right? Every day it becomes more and more insane. You can’t even parody it anymore. It’s surrealistic.

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Thanks. AI helped me :smiley:

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LOL. I just added a bit to the comment above:)

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I’m not sure whether to be impressed or worried.

I think worried.

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Correct, and you will note that they are progressively banning any form of fuel which can be stored at home and long term - they want you 100% dependent on electricity because that can be instantly shut off when needed.

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Log Burners

In the UK, MANY Cities are in “smokeless” zones.

This is to try and prevent the burning of “old shoes” “wet wood” and other none-environmentally-friendly substances such as plastics and so on. Which create particles biggervthan 2.5 from memory which hsve been proven to cause Asthma and other complications.

The use of kiln dried hardwood and softwoods IS allowed

The use of smokeless pellets is allowed

Some of these fuels require a modern dual-fuel or multi-fuel appliance as opposed to a “log burner only”

The added benefit of these multi-fuel burners is that the have much increased efficiency due to double-burn or triple-burn technology within the appliance.

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Yes, with energy prices rising (though it had been creeping up before, maybe due to becoming trendy or the like, idk) more than a few town and city people have been putting in a woodburner - and/or “fire pits” in their back garden.

The problem is, apart from living in a dense area, is they don’t know what they are doing and are burning any old wet wood or rubbish they find lying around.

In contrast, I live in the countryside and chop up trees that blow down in winter, then dry them for a couple of years. There are no regs here about log burners.

Before all the Americans start going on about all the freedom they think they have vs the UK - as far as I know, it is still legal to collect rainwater here. Is that legal in the US?

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I live in the UK, and no matter what is written on this mobius loop of a site, a quick Google search would prove that there hasn’t been a ban on the use of wood burning stoves, or the storage of wood, or a future ban that would lead us on a slippery slope toward electricity that can be turned off if we upset the elites.
You can “split wood” all day long at Peak Prosperity if you wish, but as the header to the email suggested for me to join this comment thread - “Your Daily Round of Truth and Context” . is a great big steaming pile of excrement …

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Escalating Race Riots in England? Think again!

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Are you saying the BBC article is fake?

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No Mark. The BBC article has a skewed perspective. The bigger question should be, what are the BBC trying to sell to the British public?
It’s a bias that even the holy grail, Peak Prosperity, when it successfully lands heavily on its face, quickly changes the subject by bombing the site with other articles to reduce foot fall where it isn’t wanted.

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As indicated in the disclaimer at the top of every one of these Daily Digest posts, the Daily Digest is put together based on content submitted by subscribers. We include content that seems relevant to the topics discussed at Peak, but we do not fact check everything that comes through. We leave that for the discussion. On that, thank you for providing first-hand knowledge that the BBC is not reporting this accurately. Calling our content a “great big steaming pile of excrement” is not quite as constructive.

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Oh, I don’t know Aaron, I remember reading a load of excrement concerning Sandy Hook on this site, not so long ago, along with discussions on thermite and the Twin Towers that Chris Martenson joined in with.

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One man’s excrement is another man’s fertilizer.

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