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On the 250th birthday of the United States, the Treasury Department gave every newborn a $1,000 investment account… and put Robinhood in charge of it. Trump Accounts launched on July 4. They are tax-deferred investment accounts for children, created under the “big beautiful bill” Trump signed into law. Children born between 2025 and 2028 receive a $1,000 seed deposit from the U.S. Treasury. Parents can add up to $5,000 per year. Employers can chip in $2,500 pre-tax. As of July 2, more than 6 million children had been enrolled. Here is who manages the money. The Treasury selected Robinhood and the Bank of New York Mellon to run the accounts. Every dollar goes into the stock market by law. The default fund is the State Street SPDR Portfolio S&P 500 ETF… which tracks the 500 largest companies in America. The annual fee is capped at 0.10%. That means Wall Street collects a management fee on every account for every child in the country… from birth. Robinhood is the company that restricted trading during the GameStop short squeeze in 2021. Bank of New York Mellon agreed to pay $714 million to settle fraud charges in 2015. State Street agreed to pay $115 million to settle charges it overcharged its own clients. These are the firms the government chose to manage American children’s first investments. |
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At least 84 corporations, foundations, and state governments have pledged contributions. The Dell Foundation committed $6.25 billion… the largest corporate pledge. Hedge fund founder Ray Dalio pledged $75 million for children in Connecticut. Treasury Secretary Scott Bessent called the accounts “a rainy day fund kids can use when they reach adulthood.” But the money cannot be touched until the child turns 18. Early withdrawals before age 59 carry a 10% penalty plus income tax. Individual contributions are not tax-deductible. And the accounts are invested exclusively in U.S. equities… meaning every dollar is a bet on corporate America. The government just created a new class of captive retail investors. They are newborns. And the broker is Robinhood. |
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BREAKING Trump Declares Communism a “Mortal Threat” Greater Than 9/11 — Then Calls for Ending Mail-In Ballots and Abolishing the Filibuster |
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On the eve of America’s 250th birthday, Trump stood at Mount Rushmore and said communism is “the greatest threat to our country, including World War I, World War II, Pearl Harbor, or even 9/11.” He called it “a mortal threat to American liberty” and said: “You can be loyal to Karl Marx or you can be loyal to America. You cannot be loyal to both.” The speech came three days after a Democratic Socialists of America candidate unseated a 15-term incumbent in Denver’s congressional primary. That followed DSA-backed wins in New York City and Washington D.C., and the election of Zohran Mamdani as mayor of New York last November. Trump is framing the 2026 midterms not as a policy debate… but as a loyalty test. Then came the demands. Trump called on Congress to pass the SAVE America Act… which would require proof of citizenship to register to vote and photo ID at every polling place. He called for abolishing the filibuster to pass it. And he said there would be “no mail-in ballots, except for illness, disability, military deployment, or travel.” Trump himself voted by mail in Florida’s special election in March. Senate Majority Leader John Thune was in the audience at Mount Rushmore. The Supreme Court upheld the legality of mail-in voting just days earlier. And the filibuster… the one Senate rule that prevents either party from steamrolling the other… is now being targeted by the president of the party that used it hundreds of times when it was in the minority. |
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EXPOSED 20 Million Iranians Begin Khamenei’s Funeral — While Netanyahu Asks for a White House Meeting and Trump Says “He Knows Who the Boss Is” |
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On Saturday, Iran began a multi-day funeral procession for Ayatollah Ali Khamenei at the Imam Khomeini Mosalla in Tehran. An estimated 15 to 20 million people are expected to take part. Foreign dignitaries and religious leaders from across the Muslim world have arrived. The procession will move through Tehran, Qom, and into Iraq… with burial at the Imam Reza shrine in Mashhad on July 9. Khamenei was killed on February 28 in a joint U.S.-Israeli airstrike. The CIA identified a gathering of senior Iranian officials. Israel carried out the lethal strike. Trump celebrated the killing on Truth Social. The funeral… four months delayed… is the largest state ceremony in the Middle East since the 1989 burial of Ayatollah Khomeini. And while Tehran buries its leader… Israel’s leader is asking Washington for another audience. Netanyahu told Trump he wants a White House meeting. Trump told a reporter Saturday: “We get along very good. He knows who the boss is.” MAGA figures, including Tucker Carlson, have accused Trump of being too beholden to Netanyahu. Trump advisers told a reporter that “many of Trump’s closest advisers think Bibi was wrong about everything.” The last face-to-face meeting between Trump and Netanyahu was the February Situation Room session where Netanyahu presented his plan for the joint war. Israel has not withdrawn from southern Lebanon. It has not signed the framework agreement Trump demanded. Netanyahu told interviewers that Israel “does not consider itself bound” by the U.S.-Iran memorandum on Lebanon. And the man who pitched the war plan that destabilized the region… is coming back for meeting number eight. |
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DEVELOPING Paul Pelosi Hits a Parked Car, Drives Away, Gets Found a Quarter Mile Down the Road — His Second Driving Incident in Four Years |
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On the afternoon of July 3, Paul Pelosi drove his brown convertible into a legally parked black Tesla on Yount Street in Yountville, California. A witness saw the crash… saw Pelosi stop briefly… and then saw him drive away. The parked car was pushed onto the curb with major damage. Deputies found Pelosi a quarter mile down the road, his car disabled and blocking Yountville Cross Road. Pelosi told officers he hit something but “did not know what he had hit, so he kept driving.” A preliminary test found no alcohol in his system. He was not arrested. The sheriff’s office referred the case to the Napa County District Attorney for prosecution on a misdemeanor hit-and-run charge. Pelosi was also referred to the DMV for a driver evaluation… standard procedure for drivers over 80. This is Paul Pelosi’s second driving incident in Napa County in four years. In 2022, he pleaded guilty to misdemeanor DUI after a late-night crash that injured another driver. He was sentenced to five days in jail, a drinking driver class, an ignition interlock device, and roughly $7,000 in fines. The Pelosis own a vineyard near St. Helena. A spokesperson for the family said Paul “personally apologized to the owner of the vehicle” and would cover the damage. Rep. Pelosi “will not be commenting further on this private matter.” Pelosi is 86 years old. Together, the Pelosis hold assets estimated north of $200 million. And the family’s position is that a man who fled a crash scene and drove until his car gave out is a “private matter.” |
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They rely on the shadows. |