Originally published at: https://peakprosperity.com/daily-digest/nato-tension-risks-wwiii-another-attempt-on-trump/
Geopolitics
Geopolitical tensions continue to escalate as NATO’s potential approval for Ukraine to fire long-range missiles into Russia has raised concerns about the possibility of a broader conflict. Steve Quayle, a radio host and author, has warned that this could be the onset of World War III, involving not just Russia but also China, North Korea, and Iran. The Bulletin of the Atomic Scientists has maintained the Doomsday Clock at 90 seconds to midnight for 2024, indicating the perceived severity of the situation. The Russian Ambassador to the UN has stated that such actions would be considered acts of war, putting all NATO countries at risk. Quayle also points to financial instability, with JPMorgan CEO Jamie Dimon warning of a crisis worse than a recession and Warren Buffett selling a significant amount of Bank of America stock, which some interpret as signaling trouble in the banking sector.
Economy
In a related development, Saudi Arabia has reportedly been purchasing 160 tonnes of gold in Switzerland since early 2022, contributing to the current gold bull market. This strategic shift aligns with a broader trend among countries with diplomatic tensions with the West, who are increasingly exchanging dollars for physical gold. The Saudi Arabian Monetary Authority (SAMA) has been accelerating its gold purchases, which are not formally disclosed in trade statistics. This trend reflects a move towards a neutral and sanction-proof reserve asset, with the People’s Bank of China also reportedly buying 1,600 tonnes of gold since the onset of the Ukraine war.
In other news, Arthur E. Wilmarth’s book “Taming the Megabanks: Why We Need a New Glass-Steagall Act” has discussed the influence of Wall Street megabanks over their regulators. Recently, the Federal Reserve, under pressure from these megabanks, significantly reduced the proposed capital requirements in the Basel III Endgame plan. This decision came after the banks threatened prolonged legal battles. Wilmarth details how the Dodd-Frank financial reform legislation has been systematically undermined, with key reforms either delayed, ignored, or nullified. The Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) have all shown a willingness to scale back capital requirements for these megabanks.
Politics
A security incident at Trump Golf Course in West Palm Beach, Florida, has been reported. An AK-47 was discovered in the bushes, and a suspect has been apprehended. The Trump campaign has confirmed that former President Trump is safe.
The potential for delayed election results in the upcoming presidential election is drawing attention. The New York Times has reported that voters should be prepared for possible delays due to the increased use of mail-in ballots, which take longer to count. This could create a “false impression” of early leads, particularly for Donald Trump, before all votes are tallied. The Trump campaign has launched a “Swamp the Vote” initiative to encourage early voting, including by mail, and has warned of a “blue mirage” where early Democratic leads may not indicate final outcomes. Potential delays are expected in battleground states like Pennsylvania and Wisconsin, where large volumes of mail-in ballots could slow the counting process.
In local news, the Tarrant Appraisal District (TAD) board approved a reappraisal plan despite objections from local school districts. The plan includes reappraising properties every two years instead of annually, freezing residential property values for the 2024-25 tax year at current levels, and setting a 5% appraisal cap unless clear evidence suggests otherwise. These changes could reduce funding for school districts, as highlighted by numerous school officials. The meeting featured comments from administrators and school board members from eight of Tarrant County’s 20 ISDs, who expressed concerns about the potential loss of funding and its impact on school programs and jobs.
Emotional Resilience
In a more personal narrative, an author recounts a spiritual experience that they claim transformed their life. Struggling with despair and personal suffering, they sought help from a hypnotherapist and reported experiencing a vision of Jesus crafting a spherical crystal object symbolizing higher awareness. This vision emphasized the importance of living a life of love and kindness, rather than merely following religious rituals. The author reflects on the universal dimension of love available to all humans and expresses a sense of hope and reassurance from the vision.
Sources
Steve Quayle Warns of Imminent WWIII: “This is Not Fear Porn”
“The threat of nuclear war is not fear porn–it’s real.”
Source | Submitted by pinecarr
Saudi Central Bank’s Secret Gold Stash: 160 Tonnes Bought in Switzerland Since 2022
Evidence suggests the Saudi central bank has been covertly buying 160 tonnes of gold in Switzerland since early 2022, contributing to the current gold bull market.
Source | Submitted by AaronMcKeon
Russian MP Suggests Tactical Nuke to “Wake Up” the West
“We must detonate the bomb in Russia to make humanity think.”
Source | Submitted by rhollenb
NY Times Prepares Voters for Election Night Delays Amid Mail-In Ballot Surge
For the second straight presidential election, it is becoming increasingly likely that there will be no clear and immediate winner on election night and that early returns could give a false impression of who will ultimately prevail.
Source | Submitted by AaronMcKeon
“Taming the Megabanks: How Wall Street’s Giants are Still Calling the Shots”
“Wilmarth correctly concludes in Taming the Megabanks that there is only one way to protect the U.S. economy and the financial stability of the nation’s banking system and that is to break up the megabanks by restoring the Glass-Steagall Act, which would separate Wall Street’s global trading houses from federally-insured banks.”
Source | Submitted by rhollenb
Tarrant Appraisal District Approves Controversial Reappraisal Plan, Sparking School District Concerns
“Helping the taxpayers will hurt school districts,” he said.
Source | Submitted by rbp
A Jewish Writer’s Encounter with Jesus: A Journey Beyond Faith and Fear
We must choose this day whom to serve.
Source | Submitted by VTGothic
Shots Fired at Trump Golf Course in West Palm Beach; AK-47 Found, Suspect Apprehended
SHOTS FIRED at Trump Golf Course in West Palm Beach, Florida.
Source | Submitted by Friedrichs_teeth