Economy Fact-Checks — Is It True?

Did the US stop making copper pennies?

The U.S. government halted penny production for general circulation on November 12, 2025, due to costs exceeding 3.69 cents per penny and low demand. Existing p…

Did Mississippi eliminate income tax?

Mississippi has not eliminated its state income tax. The official Mississippi Department of Revenue lists a 4% rate on taxable income over $10,000 for tax year …

Did the US unemployment rate fall to 4.3%?

The X post claims the US unemployment rate fell to 4.3%, lower than expectations. This is accurate based on the official March 2026 Bureau of Labor Statistics r…

Did France withdraw all gold reserves from the New York Fed?

The post claims France withdrew all its gold reserves from the New York Fed, selling 129 tons and repurchasing in Europe—this is FALSE. France holds about 62 to…

Is Fox News admitting US is headed for economic disaster?

The post claims 'Even Fix News is admitting' the US is headed for economic disaster. This is FALSE; Fox News articles criticize specific state-level fraud (e.g.…

Did US PPI rise to 4% in the latest report?

The US PPI did not rise to 4%. The most recent PPI data shows the year-over-year headline PPI at 3.4% in February 2026[1][4] and 4.0% in March 2026[2]. The clai…

Are 121 empty oil tankers heading to the United States to load oil?

President Trump announced that empty oil tankers were heading to the U.S. to load oil and gas, but the specific number of 121 tankers cannot be verified from av…

Did US home sellers outnumber buyers by 630,000?

Redfin data shows 629,808 more home sellers than buyers in the U.S. housing market in February 2026, the largest gap since records began in 2013. This equates t…

Did Morgan Stanley say stocks are in final phase of correction?

Morgan Stanley stated the US stock market correction is largely done or nearing its end, with interest rates as the final hurdle before higher prices.…

Will Spain announce assumption of oil trade with Iran in Chinese yuan?

No evidence exists that Spain has announced or will announce oil trade with Iran in Chinese yuan. Search results show Iran negotiating yuan-based oil passage th…

Has Saudi Arabia restored full East-West pipeline capacity to 7 million barrels per day?

As of April 9, 2026, Saudi Arabia's East-West pipeline had not been restored to full capacity. Recent attacks reduced throughput by approximately 700,000 barrel…

Did Spain announce resumption of crude oil imports from Iran?

No evidence exists of Spain announcing the resumption of crude oil imports from Iran. Recent data shows Spain imported no Iranian oil in 2024, with total trade …

Is Saudi Arabia approving Chinese yuan for oil settlement to Europe, East Asia, Africa and South America?

Saudi Arabia has been in discussions with China about yuan-denominated oil trade since at least 2016, with active talks reported in March 2022, but no formal ap…

Did Saudi Arabia restore its East-West pipeline to pump 7 million barrels per day?

Saudi Arabia's East-West pipeline has reached its full operating capacity of 7 million barrels per day, bypassing the Strait of Hormuz following its effective c…

Did Milei slash Argentina's debts by $54B?

Argentina's public debt under President Javier Milei has not been reduced by $54 billion; Milei inherited debt exceeding 60% of GDP and his government added $42…

Did Marco Rubio say sanctions won't be needed in five years due to non-dollar transactions?

The post claims Marco Rubio stated 'We won't have to talk about sanctions in five years because there will be so many countries transacting in currencies other …