Finance
Trump Dismisses Rumors of Targeting Elon Musk’s Companies, Calls for American Business to “Thrive Like Never Before”
In a bold statement released Thursday, President Donald Trump shut down swirling rumors that he intends to cripple Elon Musk’s companies by cutting off federal subsidies. “Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large scale subsidies he receives from the U.S. Government. This is not so!” Trump declared in a Truth Social post. The president emphasized his support for American innovation and business success, distancing himself from speculation that his administration might take aim at Musk’s government-backed ventures like Tesla or SpaceX. “I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!” Trump added. He framed business success as central to America’s broader prosperity: “The better they do, the better the USA does, and that’s good for all of us. We are setting records every day, and I want to keep it that way!” The comments come amid ongoing online chatter and political speculation about the future of federal subsidies, especially for green energy and tech firms. Musk, who has occasionally clashed with Trump in the past but also shared common policy interests, has not responded publicly to the statement. For now, Trump is making it clear: he’s not after Elon’s companies — he wants them, and all of American business, to soar.
Post-COVID Homeowners Are In Dire Financial Situation And No One Is Talking About It
U.S. Director of the Federal Housing Finance Agency (FHFA) William J. Pulte announced in early July that people may now be eligible to receive a mortgage using just their rental data. “My ORDER today (thanks to my boss, POTUS) will allow for Americans to use their RENT to qualify for a mortgage. Credit history will no longer just include credit cards and loans. This is HUGE,” Pulte wrote on social media. He went onto note that the agency will be “incentivizing lenders, who USE both Vantage 4.0 and FICO, with better pricing – anything to help the consumer,” and that “[i]f you use Vantage and not just FICO, for the betterment of the American people and the consumer, you should get better pricing. It’s just math. Predictive math.” If you’re likely to pay your rent, you’re likely to pay your mortgage. — Pulte (@pulte) July 8, 2025 Will This Actually Change Anything? “VantageScore thanks Director Pulte for his resolute focus on enacting credit score competition as required by the law, and promoting efficiency and affordability for creditworthy Americans,” said Silvio Tavares, President and CEO of VantageScore in a statement shared by PR Newswire. (MORE NEWS: What’s America Gonna Look Like? Shocking Video from Rome Gives Preview) “Under Director Pulte’s leadership, the FHFA’s long-expected decision to accept VantageScore 4.0 will revolutionize the American mortgage market and grant millions of creditworthy Americans the golden opportunity to own their homes.” 2008 2.0? Skeptics immediately pointed out that there will always be concerns that making it easier to get a mortgage will simply lead to another 2008 situation, where millions of homeowners will use the new system to acquire properties they may not actually be able to afford. Without the legal parameters in place for renters, wherein landlords can issue eviction notices for unpaid rent. For those who go through sudden lifestyle changes, meaning they have to break a lease or downsize to a smaller, cheaper property, the rental system allows you to do this without actually harming your long-term credit score or ability to purchase in the future. The national housing market continues to weaken. Single-Family Months of Supply: 4.17 (highest since 2016) Condo Months of Supply: 6.16 (highest since 2012) What’s hidden in the national averages is that certain states (TX, FL) are starting to look a lot like 2008. While other… pic.twitter.com/fPJOXoUSRP — Nick Gerli (@nickgerli1) May 22, 2025 Under this new system, people will potentially be able to simply stop paying their mortgages. They would therefore either have to refinance, meaning their interest rates will likely go up, and their equity payments will go down — i.e.: it will take you even longer to actually own your home. (MORE NEWS: Los Angeles Burns (Again); Is The Golden State Turning Into An Open Air Prison Camp?) Those who cannot refinance will then be forced to default on their mortgage. Their property will be foreclosed upon, and this will make it incredibly difficult for them to own a property again — and in some cases, make it difficult to rent as foreclosures and mortgage defaults hurt your credit for years into the future. Many Homeowners Already Underwater The saddest part of this whole situation is that most people who bought homes between 2022 and today — with an interest rate of 5% or above — do not realize that they don’t own their home. The bank owns their home because the rate at which they are paying into the equity is significantly lower than what they are paying in interest. The improvement in affordability in Austin, TX’s housing market has been miraculous. 3 years ago, homes were 52% overvalued. Today, homes are only 6% overvalued. A severe home price correction, to go along with rising income levels, has now made Austin’s housing market… pic.twitter.com/tdQpokek8G — Nick Gerli (@nickgerli1) June 27, 2025 These same people often bought properties at a hyper-inflated value, with many shoddily-built new homes selling for $400,000 or more. Not only does this mean these people will pay over $1,000,000 for these properties over the course of their mortgage agreement, but most of these properties have decreased in value. Zillow, Realtor, and other such real estate sites do not reflect actual home values, so millions of Americans are estimated to be underwater on their mortgage and they have no idea. This means they’ll be stuck in these overpriced homes, unable to sell, forced to massively overpay because that is the way the system works right now. TMM Analysis If you are ignoring the housing crisis, your head is in the sand. Writing in 2023, The Modern Memo editor in chief Kay Hill (nee Smythe) reported that the ” national median existing home price dropped 1.7 percent in April 2023, the largest year-on-year drop since 2012, according to recent reports.” And these issues are continuing to compound. There is absolutely no telling what will happen next. But the luckiest people right now are the ones who either (a) own their property outright, (b) have a mortgage rate below 2.5%, or (c) are renting. If you fall outside of these categories, you need to speak to a financial planner today, and get the heck out of your home before it is too late — and remember, it is not actually your home if the bank owns most of the equity. Requests for comment and additional information from Pulte went unanswered prior to the time of publishing.
What’s America Gonna Look Like? Shocking Video from Rome Gives Preview
This article was originally written by Alec Johnson for WokeSpy. Back in the mid 20th century, London was a quintessentially British city, with a population to match. About 97 percent of the population was native-born British, and white. Today, more than 40 percent of the city’s residents are foreign-born. Under mayor Sadiq Kahn, the once-great financial metropolis is careening toward a Muslim caliphate. Angry, violent third-world Muslim men are free to roam the streets screaming for death to the infidels and the west, and few if any are ever arrested. Meanwhile, native-born Brits like Lucy Connolly are sent to prison for years for “racist” social media posts. It looks like something similar is happening in the United States. The resentful, the disorderly, and the violent are given a free pass to burn buildings, assault police, and take over American cities. The Black Lives Matter riots of 2020 proved that. All of a sudden, it was perfectly fine–mandatory, even–to go outside and disturb the peace “for racial justice,” but if you wanted to take a walk on the beach you were arrested for being a Covid super-spreader. (MORE NEWS: Newsom Attacks Republicans On Violent Crime — Data Tell Different Story) More recently, anti-Jewish “demonstrators” at liberal universities like Columbia in New York City were allowed to intimidate Jewish students and block their access to the campus. The authorities pretended they couldn’t see it. As long as you were a Muslim, or on the side of “the Palestinians,” anything you wanted to do was just fine. The rules of the game are clear, and simple. If you are native to a Western country, and white, you count for nothing. You’re an oppressor. Your legal and citizenship rights mean nothing. You get no protection. You get prosecuted for trying to protect yourself. But if you’re black, brown, foreign, and especially if you’re an aggressive third world Muslim, you can do anything. The streets are yours. The airwaves are yours. Feel like intimidating Jews? Go for it. Want to rape women and be confident you’ll get away with? Have a blast. (RELATED: ‘Secret Ties Between Soros and Your Local Prosecutor’: LaHood, Pags Reveals How One Foreign Billionaire Is Buying Control Of Your State) The recent riots in Los Angeles, largely made up of illegal alien Mexicans, legal resident but foreign sympathizers, and young white hard leftists, show us exactly what we can expect in American cities. Not only did criminal rioters openly target Immigrations and Customs Enforcement officers for violence, but Democrat politicians and the media ran cover for them. Europe Falls Apart This grim travelogue video taken recently in Rome, Italy, looks like a preview of what New York, San Francisco, and Los Angeles will probably look like in less than five years unless America wakes up. From his accent, the guy taking the video sounds Scottish. He’s apparently on holiday, and can’t believe what he’s seeing. In the middle of Rome, it looks like a street bazaar in Pakistan. As he walks down the street, third-worlders are lolling on dirty and crumbling stoops next to graffitied walls and trash-strewn sidewalks. A local Italian even confirms to the tourist that “we are not very welcome here.” He’s talking about white people. You know, the native population? Tourist shocked by what he sees in Rome. Fourth world. pic.twitter.com/4KcHVU1xDM — RadioGenoa (@RadioGenoa) June 27, 2025 TMM Analysis There once was a time that European diversity was one of the greatest things the continent — and the U.K. — had to offer; you could enjoy the overarching culture of an independent nation with the freedom to explore niche pockets of diversity, largely built by true immigrants who wished for a better life for their children (and for those children to assimilate to their new cultural homes). Now, this once-great Western civilization is collapsing under its inability to maintain a social structure that promotes its greatness and individuality, and is handing control over to immigrant populations who rebuke traditions that have been in place for thousands of years. Politicians have given up on any sense of true inclusivity, and instead handed the great cultures of Rome, London, Paris and more, to the highest bidder in the hopes of maintaining their own seat in power. It is not racist to want to protect your home nation and culture; and it is essential that all immigrants find a way to assimilate and adopt the culture of the nation they’ve moved to. Most European countries don’t create or make anything of worth to the rest of the world, so they depend on tourism to keep their bottom-line happy and their residents financially healthy. It is sad to see such a great series of countries fall prey to their own stupidity. Let us hope that we don’t end up doing this at home.
Economist Breaks Down Trump Tariffs, Talks Recession Terror, Talks Mass Chicken Slaughter
Former chief economist for President Donald Trump’s first administration, Vance Ginn, joined “The Joe Pags Show” in early May to discuss tariffs, recession, and something about the mass killing of chickens. Ginn was quick to clarify that the American economy is not in a recession (at the time of writing), concurring with Pags that the Biden administration only narrowly avoided going into a mass economic downturn using “artificial” measures. “I think the economy was propped up by fiscal and monetary policy to make things look good. Like, it put a lot of money in the economy. What do we get? We got a lot of inflation. We got a lot of people who dropped out of the labor force,” Ginn continued, noting the continued decline in labor force participation since the previous administration. Even though America maybe didn’t go into a recession publicly, to the people living outside of the upper echelons, it “felt like a recession.” Killing Chickens On Purpose? Pags then turned the conversation to everyone’s favorite backyard buddies: chickens. Pags stated that Dir. of the National Economic Council Kevin Hassett said recently that “he wouldn’t be surprised if Biden killed 140 million chickens on purpose and then, of course, the egg prices soared.” The purpose for this was to hand Trump a food and grocery-price crisis. “Is there anything to that do you think, Vance?” Pags asked. (MORE NEWS: ‘Will Be Punished’: Consequences Arrive Early For Canadian Voters After Doubling Down On Wokeism) “Anything is possible,” Ginn replied, but noted there was also a bird flu epidemic during that same time period, so there was likely a push by the CDC to kill off chickens. Trump’s Tariff Impacts Explained … We highly recommend you watch the full interview between Pags and Ginn to understand the scope of Trump’s global impact in his global tariff deals. Take Action Check out Joe Pags on X: always the hottest takes and the news you need Joe Pags Official Website Rumble — Joe Pags Use Your Voice today with a Million Voices Partnership … click the banner to learn more!
Another Trump Victory: Walmart Announces Buy “American-Made” Initiative
This article was written by Alec Johnson for WokeSpy. Click here to read the full article. The Trump administration continues to record remarkable progress in bringing back manufacturing despite the media-driven hysteria about the economy. Coinciding with Trump’s 100 days in office celebrations, retail giant Walmart announced a new buy American-made campaign dubbed “Grow With US.” The program, which aims to help small businesses, according to Axios, will make it “easier for U.S.-based entrepreneurs to navigate the complexities of retail and bring their products to a national stage.” BREAKING: Walmart launches new “Grow with US” program aimed at helping small businesses by expanding support for American-made products pic.twitter.com/VYYSHgwC7q — ALX 🇺🇸 (@alx) April 29, 2025 “We anticipate thousands of small businesses will take advantage of these free resources over the coming years,” John Furner, Walmart U.S. president and CEO, told Axios. (MORE NEWS: Independent Journalist Chrissy Clark Predicts Huge Govt. Waste, Corruption Days Before DOGE Revelation) “Walmart has a long history of investing in U.S. manufacturing. Since Sam Walton first launched a ‘Buy American’ initiative in 1985, we have been committed to sourcing and selling products that support American jobs,” states the retail giant. Since March 2021, the company has incrementally invested in a $350 billion fund to promote products made, grown, or assembled in the U.S. The initiative aims to create roughly 750,000 jobs within ten years. The Modern Memo isn’t your normal news site Aren’t you sick of reading news stories about the end of the world, but not being able to do anything about it? Same. That’s why we created The Modern Memo. As often as possible, we want to offer our readers the option to take action after reading one of ours (or our partner’s) articles. For this piece, the action is easy: starting buying American made products. No, really. It is that simple. You don’t need to sign-up to any new websites or mailing lists. You don’t actually technically have to buy anything … but if you do need to hit the shops, why not buy American made?