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Home Daily Digests FDIC Halts Disclosure of Problem Banks, HHS Pauses Oral COVID Vaccine Project

FDIC Halts Disclosure of Problem Banks, HHS Pauses Oral COVID Vaccine Project

The intelligence community faces dismissals, the Supreme Court blocks foreign aid, the IRS closes offices, HHS pauses a vaccine project, CDC defies a ban, and gold prices soar amid inflation.

The User's Profile Ivor February 27, 2025
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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!

Health

HHS Secretary Robert F. Kennedy Jr. has paused a $240 million COVID-19 vaccine project initiated under the Biden administration. The stop-work order affects a contract with Vaxart Inc., a biotech company working on an oral COVID-19 vaccine. Kennedy emphasized the importance of safety, effectiveness, and fiscal responsibility in vaccine development. This decision is part of a broader review of contracts from the Biden era and follows Kennedy’s recent confirmation as HHS Secretary. While some anti-vaccine groups support the pause, pro-vaccine advocates and public health experts express concern over potential delays in vaccine advancements.

The CDC has participated in a WHO vaccine meeting, reportedly defying a Trump administration order that banned communication with the organization. The CDC’s involvement was approved by the US Department of Health and Human Services and the White House, underscoring the agency’s role in global health efforts. The WHO meeting focused on flu vaccine recommendations, which guide vaccine production and licensing. The US withdrawal from WHO, initiated by Trump, has raised concerns about its impact on global health initiatives, including PEPFAR, which faces a funding freeze. Dr. Anthony Fauci has supported the CDC’s participation, emphasizing the importance of global collaboration in vaccine development.

US Politics

The intelligence community is reportedly facing changes as over 100 officials from the NSA, CIA, and DIA are set to be dismissed and lose their security clearances. This action follows the exposure of discussions on an NSA platform, which allegedly included topics such as transgender surgeries and sexual fantasies. These revelations, reported by journalist Chris Rufo, have led to calls for increased oversight and accountability within the intelligence community. DNI Tulsi Gabbard criticized the behavior, and the NSA is investigating the alleged misuse of its Intelink messaging platform. Some members of Congress have supported the firings for maintaining professionalism, while civil liberties groups have raised concerns about privacy rights and the potential overreach in monitoring employee communications.

In a separate development, the Supreme Court has temporarily blocked an order that required the Trump administration release billions in foreign aid.  Some believe this may signal that the Supreme Court leans towards allowing the Executive Branch to exercise spending discretion within its branch.

Meanwhile, the IRS plans to close over 120 offices and lay off thousands of employees. This decision follows a public push for an audit, indicating significant changes in the agency’s operations and priorities. The IRS states that these changes are part of a modernization effort to improve service delivery, though there is public speculation about the influence of public sentiment on these decisions.

Economy

Economic indicators suggest a complex landscape, with gold reportedly seen as a favorable investment amid inflationary pressures. John Williams of Shadowstats.com highlights a weak economy with potential for higher inflation, driven by a high money supply controlled by the Federal Reserve. Despite reported GDP growth, underlying indicators like retail sales and industrial production remain flat or negative, suggesting discrepancies in economic reporting. The Federal Reserve’s role in maintaining banking stability sometimes conflicts with controlling inflation, contributing to ongoing economic challenges. Gold prices have reached new highs, reflecting investor concerns over inflation and economic stability.

In related news, the FDIC has halted the disclosure of total assets of banks on its “Problem Bank List” to prevent potential panic. This decision reflects concerns about financial stability and the risk of disorderly bank runs. While the FDIC assures this is a proactive measure, some analysts warn that lack of transparency might fuel market speculation.

Wyoming has enacted sound money legislation, establishing a $10 million gold reserve for the state. This move positions Wyoming as a leader in sound money practices, reflecting broader economic trends and concerns about currency stability. While some praise this as a hedge against inflation, others question the practicality and potential economic implications of maintaining a gold reserve.

Sources

NSA and CIA Rocked by Secret ‘Kink’ Chat Room Scandal: 100 Intelligence Officials Fired and Stripped of Security Clearances

There are over 100 people from across the intelligence community that contributed to and participated in this – what is really just an egregious violation of trust.

Source | Submitted by Rodster

CDC Defies Trump Order, Joins WHO Vaccine Meeting Amidst Communication Ban

CDC makes key vaccine maneuver despite Trump executive order

Source | Submitted by thecountmc

Gold’s Glistening Future: Inflation, Money Supply, and the Shadow of Economic Reality

The probabilities are overwhelmingly on Gold’s side.

Source | Submitted by rhollenb

Supreme Court Temporarily Blocks Order for Trump Administration to Release Billions in Foreign Aid

Supreme Court Temporarily halts the order requiring the Trump Administration to release BILLIONS in foreign aid.

Source

FDIC Halts Bank Asset Disclosure to Prevent Potential Panic

FDIC Ends Disclosing Total Assets of Banks on “Problem Bank List,” as Disclosure Might Suddenly Trigger a “Disorderly Run”

Source

Wyoming Pioneers Sound Money Legislation with $10 Million Gold Reserve

Wyoming will establish a $10 million gold reserve for the state, and is the first state to pass sound money legislation in 2025

Source

IRS to Close 120 Offices and Lay Off Thousands Amid Public Push for Audit

The IRS will now be closing over 120 offices nationwide, in addition to laying off THOUSANDS of employees, per WaPo.

Source

HHS Secretary Robert F. Kennedy Jr. Halts $240M COVID Vaccine Project Amid Review of Biden-Era Contracts

“While it is crucial that the Department [of] Health and Human Services (HHS) support pandemic preparedness, four years of the Biden administration’s failed oversight have made it necessary to review agreements for vaccine production, including Vaxart’s,” Kennedy said in comments provided to Fox News Digital on Tuesday.

Source

In addition to sources submitted by community members, the following were also used in the creation of this report: The Hill, The Intercept, Politico, The Guardian, Dr. Anthony Fauci on X, ZeroHedge, The Wall Street Journal, Bloomberg, Reuters, FDIC, Financial Times, Sound Money Defense League on X, The Wyoming Tribune Eagle, Vaxart Inc. on X, Children’s Health Defense, American Medical Association, World Health Organization, Science-Based Medicine, CNN, and Donald J. Trump on X.

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