Topic: Cash App

Speaker Kevin McCarthy is criticized for a debt ceiling deal that allows for a $4 trillion increase with no spending caps for two years. Senator Rand Paul and other conservatives blast the agreement for maintaining the 98% expansion of the IRS. The segment warns that 87,000 new agents will target small earners on platforms like Cash App and Venmo.

Celente criticizes the Wall Street Journal for focusing on the personal life and "party scene" of murdered Cash App founder Bob Lee rather than significant economic trends. He argues that mainstream papers are filled with useless stories and "titans" of industry while ignoring the real intelligence needed for the future. He briefly mentions a gold company merger as one of the few noteworthy business stories.

Keiser discusses a planned meeting between Jack Dorsey and Elon Musk on July 21st, characterizing it as an "intervention" to sober Musk up from his altcoin obsession. He notes that Dorsey's company, Square, is heavily invested in Bitcoin and that Dorsey has expressed a desire to focus exclusively on the cryptocurrency. Keiser also promotes his upcoming event at the Spider House in Austin on July 8th.