Originally published at: https://peakprosperity.com/daily-digest/trumps-american-technate-gromens-outlook-and-irans-new-drones/
US Politics
President-elect Trump has sparked discussions with his vision of a “Great American Technate,” proposing actions such as purchasing Greenland and reclaiming the Panama Canal. These proposals have raised questions about Trump’s alignment with Technocratic ideals. The Guardian and Reuters have reported significant pushback from Danish and Panamanian officials, respectively, highlighting international resistance to these proposals.
In other political developments, House Republican Mike Turner has raised concerns about ISIS infiltration in the US, citing intelligence reports. This narrative has been met with skepticism, with critics suggesting it could be a pretext for increased military action against Iran. FBI Director Christopher Wray confirmed the presence of individuals affiliated with ISIS in the US, emphasizing ongoing efforts to neutralize potential threats, as reported by CBS News. However, those skeptical argue that Director Wray is not a trustworthy source of information.
Geopolitics
President-elect Trump recently shared a video featuring Columbia professor Jeffrey Sachs, who criticized US Middle East policy and Israeli Prime Minister Benjamin Netanyahu’s influence. Sachs accused Netanyahu of pushing the US into conflicts for Israel’s benefit, drawing backlash from Israeli officials. Despite this, Trump has reaffirmed his support for Israel, promising increased backing if he returns to the White House.
Iran has unveiled its latest military advancement with the Rezvan drone during the Great Prophet 19 military drills. The Islamic Revolutionary Guard Corps showcased the drone’s capabilities, emphasizing its rapid deployment and precision in complex terrains. Iran plans to expand its drone fleet significantly, with 1,000 new drones joining its combat forces. These developments come amid a series of military exercises aimed at demonstrating Iran’s defense capabilities and deterring perceived threats, particularly in light of recent regional shifts. The Washington Post reported that the U.S. views Iran’s drone program as destabilizing, while Al Jazeera highlighted support from regional allies like Hezbollah and the Houthis.
Environment
Los Angeles is facing a water crisis exacerbated by wildfires and infrastructure challenges. Janisse Quinones, CEO of the LA Department of Water and Power, attributed the water shortages to excessive usage by firefighters and the impact of wildfires, rather than infrastructure failures. The crisis has led to a boil water notice for affected areas, as the city works to maintain water quality amid high demand and ash contamination. The Los Angeles Times reported that the LADWP is deploying water tankers to support firefighting efforts, while a blog post by WaterWatchLA criticized the long-term neglect of water infrastructure.
Economy
The Trump administration’s economic outlook for 2025 is under scrutiny as financial experts predict a potentially volatile start to the year. Luke Gromen, in a recent Macro Voices podcast, discussed the possibility of the US dollar strengthening under Trump’s policies, which could reportedly impact treasury yields and risk markets. Gromen anticipates a shift towards dollar-weakening policies later in the year to potentially boost GDP growth. Additionally, reports from Bloomberg and CoinDesk suggest that the administration’s pro-crypto stance might influence institutional interest in Bitcoin, potentially impacting financial markets.
The Macro Voices podcast also discussed broader economic indicators, with the S&P 500 Index experiencing a slight rise despite deteriorating market breadth. Analysts are closely monitoring the US Dollar Index, crude oil, gold, uranium, and treasury yields for signs of market volatility. The potential impact of the Trump administration’s policies on these markets remains a focal point for investors seeking to navigate the uncertain economic landscape. Kitco News reported that gold prices have shown resilience despite a strong dollar, with some investors viewing gold as a hedge against potential policy-induced volatility.
Sources
Macro Voices Episode 462: Luke Gromen on Dollar Dynamics, Treasury Yields, and the Trump Administration’s Economic Outlook for 2025
“Macro Voices is all about the brightest minds in the world of finance and macroeconomics telling it like it is, bullish or bearish, no holds barred.”
Source | Submitted by rhollenb
Trump’s Technocratic Tango: The Great American Technate Unveiled?
To everyone’s surprise, Trump has just verbalized a grand vision to Make America Great Again by building a super-state that is virtually identical to Technocracy’s vision from the 1930s.
Source | Submitted by nesum-dourma
Iran Unveils Rezvan Drone Amidst Military Drills, Plans Major Drone Expansion
“Our drones carried out several rounds of firing and drone operations, and in our scenario, we successfully destroyed hypothetical enemies and terrorists attacking Iranian bases,” said Mohammad Pakpour, the commander of the IRGC Ground Forces.
Source | Submitted by Walberga
LA Water Crisis: CEO Blames Firefighters and Wildfires, Not Infrastructure Failures
We ran out of water in the first tank about 4.45 p.m. yesterday.
Source | Submitted by thecountmc
House Republican Mike Turner Claims ISIS Infiltration: A Call for Action or Intelligence State Narrative?
The corrupt House Republican Mike Turner is warning America that ISIS terrorists have infiltrated the United States and are plotting attacks on Americans right now.
Trump Shares Video Criticizing Netanyahu and US Middle East Policy, Featuring Columbia Professor’s Sharp Rebuke
Netanyahu had, from 1995 onward, the theory that the only way we’re going to get rid of Hamas and Hezbollah is by toppling the governments that support them.
Source | Submitted by nickythec
In addition to sources submitted by community members, the following were also used in the creation of this report: Bloomberg, CoinDesk, The Guardian, Reuters, CBS News, Amichai Chikli on X, The Washington Post, Al Jazeera, Los Angeles Times, WaterWatchLA, and Kitco News.