Originally published at: https://peakprosperity.com/daily-digest/republicans-vote-to-continue-foreign-aid-75x-silver-coming/
US Politics
A group of 26 Republican Senators has voted to continue foreign aid despite the US facing a $37 trillion debt. This decision has drawn criticism, particularly in light of recent fraud allegations related to foreign aid programs. The move highlights ongoing tensions within the party regarding fiscal responsibility and international commitments. Senator Rand Paul has voiced opposition, questioning the allocation of funds abroad, while The Guardian notes the bipartisan support for the aid package as a signal of US commitment to its allies.
Economy
The silver market is seeing unusual activity, with a notable volume spike in the PSLV, a silver ETF, which some suggest could indicate potential market manipulation or a looming squeeze. Concurrently, the gold to S&P 500 ratio has increased, reminiscent of the late 1970s, suggesting a possible devaluation of stocks relative to gold. This scenario could lead to a revaluation of silver and gold, affecting investors’ portfolios. However, some analysts caution that similar volume spikes have occurred without significant price movements, and mainstream media reports suggest the stock market remains resilient due to economic recovery efforts.
Meanwhile, President Trump has endorsed the integration of digital assets and stablecoins into the US financial system. This initiative aims to maintain the US dollar’s dominance as the global reserve currency amidst inflation and international competition, particularly from China’s digital currency efforts. The plan involves US banks issuing stablecoins, fully backed and regulated, potentially transforming banking by offering lower fees, higher interest rates, and instant global payments. Additionally, the administration supports Bitcoin, proposing a Strategic Bitcoin Reserve to promote financial sovereignty. Critics like economist Nouriel Roubini argue that this move could lead to financial instability, while international analysts view it as an attempt to maintain US financial hegemony.
Health
A report from two decades ago has resurfaced, sparking debate over the effectiveness of flu vaccines. Despite an increase in flu shot uptake among seniors, research by the National Institutes of Health (NIH) reportedly showed no corresponding decrease in flu-related deaths. This finding was observed in several countries, including Australia, France, Canada, and the UK. Health officials continue to advocate for vaccinating children to indirectly protect the elderly, a strategy similar to those used during the COVID-19 pandemic. The report, initially aired by CBS, has been revisited by independent journalist Sharyl Attkisson, who questions the ongoing reliance on this strategy. Dr. Robert Malone has highlighted that the NIH study is part of a broader pattern questioning vaccine efficacy in the elderly, while The Washington Post argues that even limited vaccine effectiveness can reduce flu-related hospitalizations and deaths.
Geopolitics
NATO Secretary General Mark Rutte has suggested that Europe and the United States consider normalizing relations with Russia once the Ukraine conflict concludes. This statement follows a meeting with President Trump, who has also shown interest in restoring economic ties with Russia. The potential normalization comes amid ongoing peace efforts between Moscow and Kiev, although Ukraine’s NATO membership remains off the table. Despite these diplomatic efforts, some European leaders continue to advocate for a confrontational stance against Russia, with military support for Ukraine persisting. The situation remains complex, as NATO’s relationship with Russia has been strained since the annexation of Crimea in 2014 and the escalation of the Ukraine conflict in 2022. Rutte’s comments have been met with skepticism from some EU leaders, and Russia has accused the EU of militarizing against it, highlighting the ongoing tensions.
Sources
The Flu Vaccine Dilemma: A 20-Year-Old Revelation Resurfaces
“No matter how they crunched the numbers, they got the same disappointing result. Flu shots have not reduced deaths among the elderly.”
Source | Submitted by PhilH
Silver’s Wild Ride: Is a 75x Revaluation on the Horizon?
The whole situation in silver looks to be very precarious.
Source | Submitted by dennisc
Trump’s Bold Stablecoin Strategy: A New Era of Free Banking or Digital Dollar Dominance?
We are going to keep the US the dominant reserve currency in the world, and we will use stablecoins to do that.
Source | Submitted by Kathy
26 GOP Senators Support Foreign Aid Amidst $37 Trillion Debt, Sparking Debate
26 Republican Senators just crossed the aisle and voted to continue foreign aid.
Source | Submitted by Chris Martenson
Restoring Ties with Russia: NATO Chief Advocates Post-Conflict Normalization
“It’s normal if the war would have stopped for Europe somehow, step by step, and also for the US, step by step, to restore normal relations with Russia,” he argued.
In addition to sources submitted by community members, the following were also used in the creation of this report: The Washington Post, Dr. Robert Malone on X, CNBC, Bloomberg, Nouriel Roubini on X, The Guardian, Senator Rand Paul on X, Reuters, and Politico EU.