Gold Is Being Reintroduced Into the Monetary System

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

Nebraska congressman Flood gets an earful over Trump's tax cut law in raucous town hall

THOMAS BEAUMONT
August 05, 2025

LINCOLN, Neb. (AP) -- Rep. Mike Flood has gotten an earful during a public meeting in Lincoln aimed at discussing his support for the massive tax breaks and spending cuts bill that passed Congress and was signed into law by President Donald Trump.

Flood, a second-term Republican who represents the GOP-leaning district that includes the University of Nebraska, on Monday braved the ire of a college town audience dominated by hundreds of people intent on expressing their displeasure chiefly with cuts to Medicaid benefits and tax reductions tilted toward the wealthy.

Flood described the law as less than perfect but stood firm on its Medicaid and tax provisions, fueling a 90-minute barrage of jeers and chants in a scenario House Republican leaders have specifically advised GOP members to avoid.

"More than anything I truly believe this bill protects Medicaid for the future," Flood said, setting off a shower of boos from the audience of roughly 700 in the University of Nebraska's Kimball Recital Hall. "We protected Medicaid."

How voters receive the law, passed with no Democratic support in the narrowly GOP-controlled House and Senate, could go a long way to determine whether Republicans keep power in next year's midterm elections.

Flood was resolute on his position but engaged with the audience at times. During his repeated discussions of Medicaid, he asked if people in the audience thought able-bodied Americans should be required to work. When many shouted their opposition, Flood replied, "I don't think a majority of Nebraskans agree with that."

Dozens formed a line to the microphone to engage Flood, most asking pointed questions about the law but many others questioning moves by the Trump administration on immigration enforcement, education spending and layoffs within the federal bureaucracy.

During Flood's discussion of his support of the law's tax provisions, which he argued would benefit the middle class, the audience exploded in a deafening chant of "Tax the rich."

Republican lawmakers' town halls have been few and far between since the bill passed early last month, in part because their leaders have advised them against it. Trump and others say the law will give the economy a jolt, but Democrats feel they've connected with criticism of many of its provisions, especially its cuts to Medicaid and tax cuts tilted toward the wealthy.

Continue Reading...

Popular

Mexican-American designer apologizes for Adidas sandal design accused of cultural appropriation

MEXICO CITY (AP) — Mexican-American clothing designer Willy Chavarria has apologized for an Adidas sandal he created after being of “cultural appropriation” for imitating an Indigenous shoe design.

Paula Deen has abruptly closed the Savannah restaurant that launched her to Food Network fame

SAVANNAH, Ga. (AP) — Former Food Network star Paula Deen announced Friday the abrupt closure of the Savannah restaurant that launched her to fame with its menu of fried chicken, banana pudding and other indulgent Southern dishes.

Trump: Don't Mess With This American Stock! - Ad

One little-known U.S. stock is 20x cheaper than AMD--yet more profitable than Airbnb, Chipotle, and Hilton. Backed by Trump and now partnering with a top AI firm, it's poised to explode.

Jim Cramer Says Palantir's 'Next Stop Is $200' After Q2 Earnings Blowout: Dan Ives Calls It 'The Messi of AI'

AI giant, Palantir Technologies Inc. (NASDAQ: PLTR), is drawing loud praise from Wall Street analysts following the company's robust second-quarter performance, as it surged past consensus estimates.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

NTSB launches hearings on deadly Washington collision between a helicopter and passenger plane

on the over Washington in January begin Wednesday and aim to reveal new insights into what caused the crash between a passenger plane and an Army helicopter that killed 67 people.

American Eagle's 'good jeans' ads with Sydney Sweeney spark a debate on race and beauty standards

NEW YORK (AP) — U.S. fashion retailer American Eagle Outfitters wanted to make a splash with its new advertising campaign starring 27-year-old actor . The ad blitz included “clever, even provocative language” and was “definitely going to push buttons,” the company’s chief marketing officer told trade media outlets.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Questions emerge about NYC gunman's mental health and his security-sensitive job in Las Vegas

LAS VEGAS (AP) — The man who stormed a Manhattan office tower with a gun, before killing himself, worked in the surveillance department of a Las Vegas casino, part of an industry built on watching for threats before they unfold.

Economists Warn US Close To 'Stall Speed' And Could 'Tip Over Into Recession' On Disappointing Jobs Report

The July Jobs report by the U.S. Bureau of Labor Statistics, released on Friday, is raising concerns among economists, who warn that the latest data and sharp downward revisions point to a labor market that is losing momentum and potentially edging toward a recession.

The Surprising New Date That Could Fuel the AI Boom - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Pilot arrested on child sex abuse material charges after landing at San Francisco airport

SAN FRANCISCO (AP) — A pilot was arrested aboard a Delta Air Lines flight and federal agents took him into custody from the cockpit after the plane landed at San Francisco International Airport.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

'Weapons' horror film scores a box office victory

LOS ANGELES (AP) — It’s August, and horror and humor came to play.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

WhatsApp takes down 6.8 million accounts linked to criminal scam centers, Meta says

NEW YORK (AP) — WhatsApp has taken down 6.8 million accounts that were “linked to criminal scam centers” targeting people online around that world, its parent company said this week.

Microsoft Authenticator is ending password autofill soon. How to set up a passkey before Aug. 1

NEW YORK (AP) — If you're a Microsoft Authenticator user, like me, you’ve probably received at least one notice that the app's password management features are no longer usable and that your stored passwords will be deleted on Aug. 1. Yes, you read right, your passwords will be DELETED this Friday.

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

BlackRock's New ETF BILT Bets On $68 Trillion Boom, But Most Investors Are Missing It

BlackRock debuts first actively managed infrastructure ETF (BILT), highlighting growing interest in this sector. Offers diversity and growth potential.

India Stands Firm on Russian Oil Imports Despite Trump's Sanction Threats

In the face of potential penalties threatened by President Trump, India has affirmed its decision to continue buying cheap oil from Russia.

Wall Street Says BUY GOLD, But... - Ad

While markets wobble, gold keeps smashing records-and banks say it's just beginning. Goldman urges "buy gold" to hedge trade wars; JPMorgan plans $6,000 an ounce and just took delivery of $4 billion in bullion. Yet past bull runs saw 13x-1,000x bigger gains without buying more gold.

What to Stream: Vanessa Kirby, Maroon 5, Madden NFL 26, Alicia Silverstone and 'The Chicken Sisters'

Vanessa Kirby starring in a gritty film about the aspirations of home ownership, “Night Always Comes,” and Maroon 5 releasing their eighth studio album with songs featuring Lil Wayne and Blackpink’s LISA are some of the new television, films, music and games near you.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Mark Cuban Cheers NYU Dropout Whose $1.3 Billion Valued Blockchain Project Is Aiming For A 'Free And Fair' Financial System

Billionaire investor and television personality Mark Cuban welcomed the growth of the Injective (CRYPTO: INJ) blockchain, a project in which he has made strategic investments, on Tuesday.

Small Cap Stocks See Record Outflows: $80 Billion Pulled In Historic 2025 Rout As Analyst Says — 'Hard To Keep Up With The Big Boys'

Investors have pulled out a record $80 billion from small-cap stocks so far in 2025, setting the stage for what could be the largest annual outflow in the history of this segment.

Gold Is Being Reintroduced Into the Monetary System - Ad

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

Eli Lilly Reverses Early Weakness, Closes Near Day's High After Key Trading Signal

A significant trading signal flashed for Eli Lilly (LLY) at a price of $755.87, after which LLY rose up to 1.8% and closed near its intra-day high.

Satoshi Nakamoto's Statue Smashed, Dumped In Swiss Lake — 'Absolute Disgrace,' Says Bitcoiner

The statue of Bitcoin’s (CRYPTO: BTC) legendary creator, Satoshi Nakamoto, which was reported stolen in Switzerland, was found tossed into a lake on Sunday.

Trump: Don't Mess With This American Stock! - Ad

One little-known U.S. stock is 20x cheaper than AMD--yet more profitable than Airbnb, Chipotle, and Hilton. Backed by Trump and now partnering with a top AI firm, it's poised to explode.

China pushes back at US demands to stop buying Russian and Iranian oil

WASHINGTON (AP) — U.S. and Chinese officials may be able to settle many of their differences to reach a trade deal and avert punishing tariffs, but they remain far apart on one issue: the U.S. demand that China stop purchasing oil from Iran and Russia.

Jensen Huang Once Said, 'There's Hard Work And Then There's Insanely Hard Work' — Now, Elon Musk Calls It 'Hardcore'

Nvidia CEO Jensen Huang's intense daily routine and "insanely hard work" mindset went viral over the weekend, earning a "hardcore" nod from Elon Musk as both billionaires double down on AI innovation at all costs.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Nissan racks up red ink, but the Japanese automaker promises a return to profit later this year

TOKYO (AP) — Japanese automaker Nissan sank into a 115.8 billion yen ($782 million) loss for April-June, but promised Wednesday to return to profitability later this year.

As Trump cracks down on college student visas, other countries see opportunity

LONDON (AP) — In China, wait times for U.S. visa interviews are so long that some students have given up. Universities in Hong Kong are fielding transfer inquiries from foreign students in the U.S., and international applications for British undergraduate programs have surged.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service