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GubMint

🇺🇸 - Five current and former IRS employees have been charged in a scheme to fraudulently collect COVID-19 aid.

According to court documents, the defendants tried to obtain a total of USD 1 million by submitting false applications.

According to the Department of Justice, the defendants used the money for cars, luxury goods and personal travel. Brian Saulsberry of Memphis obtained USD 171 400 and is accused of buying a Mercedes and cushioning a personal investment account.

Tina Humes, also of Memphis, received USD 123 612 according to the DOJ, and is accused of using it to buy jewelry and go on a trip to Las Vegas.

This is part of a larger effort to crack down on COVID-19 fraud schemes that has led to 150 prosecutions and the seizure of USD 75 million dollars.

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🌅 Market News Digest [Jul 8-9, 2026 EST]

🔥 Top Stories
• U.S.-Iran escalation widens — Fresh U.S. strikes hit Iranian military, ports, bridges and air defenses; Iran says it will retaliate, raising war-risk headlines and pushing oil higher
• Hormuz disruption risk spikes — Shipping through the Strait of Hormuz nearly halted; Gulf states issued alerts/sirens as maritime insurance costs jumped
• Oil, gold and bonds react — Brent neared $79, WTI jumped above $75, and gold held above $4,100 as inflation and supply-shock fears returned

⛽ Oil & Energy
• Hormuz/Red Sea flows under pressure — Maersk rerouted one service via the Red Sea while ship traffic in Hormuz slowed sharply
• Global energy supply jitters — Norway flagged rising output losses; Kazakhstan’s Atyrau refinery resumed early; Colombia oil output also slipped
• OPEC+ geopolitics — Iraq said it will stay in OPEC but wants a fairer quota amid broader regional tension

📊 Markets & Macro
• Risk-off then selective rebound — Asia traded mixed as tech shares helped...

Bigggg
Burning

We are burning our strategic reserves to manage paper markets while China quietly builds a 900-million-barrel energy fortress. ​The exact math shows the US hits a critical 150-million-barrel military floor in just 41 days at maximum draw. By artificially suppressing wartime energy prices, the administration effectively handed a generational strategic advantage to our primary global rival. ​Here is the data-driven teardown of how short-term market optics just sold our physical energy future.👇https://triggledger.substack.com/p/shorting-america-how-trump-sold-our?utm_source=share&utm_medium=android&r=8gc1qf

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