Rapper Tip "T.I." Harris shared advice for people taking advantage of the government's Paycheck Protection Program (PPP).
Harris noted the empty racks and shelves at high end stores, and he advised his followers to stop spending money on brand names and buy property instead.
"All y'all getting all this money from the government... ain't no more mink coats in the stores. And it's summertime - ain't that some sh*t? Ain't no more Cartiers. It ain't no more Louboutins, no more Louis [Vuitton]... Go get you some property please! Please y'all, go buy some property."
T.I. held up a baseball cap with the word "Owner$hip" on the front, before urging his followers to buy a "patch of dirt" in their neighborhood. "It ain't got to have a house on it," he said. "Just buy it. Just buy it and hold it.
In unrelated news, there are reports that federal agents are knocking on doors and arresting people who fraudulently obtained unemployment benefits using false information.
Residents in California report that agents are disguised as utility workers and census workers to catch people who committed unemployment fraud.
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NFL wide receiver Josh Bellamy is among 57 people charged with Covid-19 relief fraud after FBI officials say he misused PPP funds to buy Gucci and other high end luxury goods.
The Paycheck Protection Program is part of the $2 trillion Cares Act, which provided $349 billion in PPP loans to struggling small businesses amid the coronavirus pandemic via the Small Business Association (SBA).
The FBI says Bellamy participated in a scheme to fleece the federal government out of $24 million in Paycheck Protection funds.
Bellamy, 31, was cut by the NY Jets 2 days ago. It isn't clear if his termination is linked to his arrest.
Prosecutors say Bellamy and his associates applied for $24 million in PPP funds for their businesses. They received $17.4 million - but neither Bellamy nor his associates used the money for their businesses.
Instead, Bellamy spent $95,000 on custom jewelry, $5,381 at Gucci and $2,014 at Dior. He also dropped more than $62,000 during a recent trip to the Seminole Hard Rock Hotel and Casino, TMZ reported.
Authorities say Bellamy recruited others to apply for giant loans using false information -- then took kickbacks from each borrower.
Bellamy owns Drip Entertainment - an events promotion company - that hasn't been active since 2019.
Bank records show Bellamy withdrew large amounts of cash - around $302,000 between May and July 2020.
If convicted on all charges, Bellamy faces decades in prison.
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President Donald Trump bypassed Congress by signing four executive orders at his golf club in New Jersey on Saturday.
One of the executive orders extends unemployment benefits to $400 per week instead of the $600 unemployed Americans received in addition to state unemployment benefits.
The $400 per week benefits are retroactive to the week of August 1.
When a reporter asked if $400 would be a "hardship" for people who were getting $600 plus state benefits, Trump said, "Well, no, this is not a hardship, this is the money that they need."
He added: "This is the money they want. And this gives them a great incentive to go back to work so this is much more than what was originally agreed. The 600 was a number that was there and as you know, there was, there was difficulty with the 600 number because it really was a disincentive."
A second executive order creates a payroll tax holiday for Americans earning less than $100,000 annually. And a third executive order freezes evictions and foreclosures for some renters and mortgage holders until the end of the year, beginning September 1.
A fourth executive order waives penalties and interests for federally held student loans through the end of the year.
In announcing his executive orders, Trump took aim at Congressional Democrats, accusing them of "holding aid hostage" because they want "bailout money for states that have been badly managed for many years".