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Home Daily Digests Political Battles, Health Controversies, and Economic Woes: A World in Turmoil

Political Battles, Health Controversies, and Economic Woes: A World in Turmoil

From political intrigue to health debates, economic concerns to nuclear quandaries, dive into a world where turmoil is the only constant.

user profile picture Ivor Nov 21, 2023
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DISCLAIMER: The following content does not reflect the opinions of Peak Prosperity, but is rather a summarization of content that has caught the interest of members of the community.

Discussion is welcome in the comments section!

The political landscape in the United States continues to be a battleground, with the release of over 40,000 hours of Jan. 6 Capitol Police security video sparking fresh controversy. Senator Mike Lee (R-UT) has raised significant questions about the handling of the footage by the now-disbanded Jan. 6 committee, particularly the roles of its former Republican members, Liz Cheney and Adam Kinzinger. Lee has called for an investigation into the committee, questioning its transparency and objectivity. The committee, which was disbanded in January 2023, faced criticism for its composition and perceived partisanship in its approach.

In health news, prominent cardiologist Dr. Peter Mulla has criticized the response to the COVID-19 pandemic, citing concerns such as the overestimation of mortality risks and the suppression of early treatment options. Meanwhile, Indian researchers have found no evidence that COVID-19 vaccination was behind “unexplained sudden deaths”, instead pointing to the disease itself, binge drinking, and intense exercise as risk factors.

The international community continues to grapple with the Israeli attack on the al-Wafa hospital, with the Biden administration attempting to support Israel while also making gestures towards a ceasefire. The solution to the conflict is seen as difficult due to extremist factions on both sides. Meanwhile, support for the Ukraine war in Europe is starting to fray, and the US foreign policy is seen as needing to negotiate with China on the Taiwan conflict instead of fighting.

In economic news, the potential return of deflation and its impact on the economy is being discussed, with indicators such as falling oil and gasoline prices, lower company earnings, and tightening lending standards being highlighted. The global nature of the issue is emphasized, with examples from the UK and Japan. The reverse repo facility at the Federal Reserve has been experiencing a significant decrease in funds over the past few months, which could lead to economic challenges and potential recessions.

The future of nuclear energy is also under scrutiny, with the cancellation of a pioneering Small Modular Reactor (SMR) project due to ballooning costs raising questions about the viability of this technology. Despite the challenges, SMRs are seen as a potential solution to the high costs and long construction times associated with traditional nuclear power plants.

Finally, the role of gold as a monetary hedge during hyperinflationary periods is being discussed, with a focus on the experience in Romania in the 1990s. The importance of holding onto gold during hyperinflation, as it can serve as a hedge against major calamities, is highlighted.

Sources

The Reverse Repo Facility at the Federal Reserve is Draining at an Increasing Pace

The reverse repo facility at the Federal Reserve is draining at an increasing pace.

Source | Submitted by redneck-engineer

Gold and Silver in Romania's Hyperinflationary Period: A Tale of Control and Scarcity

During this time in Romania, it was not used as barter at all, and there are multiple reasons why this was like that. The first is because, well, frankly, nobody had any or very few people had any because in Romania, in the communist country of Romania before ’89, gold or possession of gold was banned for the general public.

Source | Submitted by alpine_8850

Indian Researchers Find No Evidence of COVID-19 Vaccination Behind "Unexplained Sudden Deaths"

“We found no evidence of a positive association of COVID-19 vaccination with unexplained sudden death among young adults,” the research group said in a study published in the Indian Journal of Medical Research.

Source | Submitted by cassieg

The Uncertain Future of Nuclear Energy: Can Small Modular Reactors Save the Industry?

But a new type of reactor called an SMR promises to solve all of these issues and kick-start a nuclear renaissance, saving the nuclear industry.

Source | Submitted by bj-brown

Deflation Makes a Comeback as Economic Concerns Grow

Deflation isn’t making a comeback. It just kind of went underground for a while because people were focused on other things. It wasn’t an immediate threat. Therefore, everyone assumed, ‘Well, it must have disappeared.’

Source | Submitted by nils-grimley

Israel Accused of Planting Evidence in Gaza Hospital Attack

Well, the Biden team, they’re trying to have it both ways. They’re trying to remain strong supporting Israel, but also now want to make gestures to the Arab Muslim world that they support a ceasefire. But, you know, the United States is in a position where they could bring Israel to heel real quick, just say either stop this or we’re cutting off all aid. But they won’t do that because there’s too much political power in the United States in the hands of AIPAC and the American Jewish community that will prevent Biden from doing that.

Source | Submitted by nils-grimley

Prominent Cardiologist Raises Concerns About Vaccine Safety and Government Narrative

Now we hear news that these could be removed from the shelves, and this is going to make the public very, very jittery. As the government narrative is that there’s only one solution for pandemic after pandemic, and it’s a vaccine.

Source | Submitted by nils-grimley

GOP Senator Calls for Investigation into "Sham" J6 Committee After Release of Exculpatory Footage

Liz, we’ve seen footage like that a million times. You made sure we saw that—and nothing else.

Source | Submitted by sand_puppy

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