It’s Time to Rebuild America

Rotting Infrastructure Costing Trillions Were you forwarded this email? [Sign-up to The Daily Reckoning here.]( [Unsubscribe]( [Daily Reckoning] It’s Time to Rebuild America - If America doesn’t fix its crumbling infrastructure, “more people will suffer, more jobs will be lost, and the economy will face drastic consequences”… - $10 trillion in lost GDP… - Past infrastructure projects have paid for themselves several times over… Recommended Link [Why every American should own at least 1 of these stocks]( [Read more here...]( Did you miss out on these early reopening winners, over the last four months? You may be wondering if you’ve missed the boat. Not yet, at least for right now… according to former Wall Street insider Dr. Nomi Prins. And Thursday – at 8pm Eastern – she’s going to reveal why she believes every American should own at least 1 of these names. To see the details of what you can expect... [Click Here To Learn More]( Santa Barbara, California March 31, 2021 Editor’s note: Much of America’s infrastructure needs to be repaired and modernized. Today and tomorrow, former Wall Street insider, Dr. Nomi Prins, will show you why she believes it is necessary not only from a safety standpoint — but also from an economic standpoint. [Nomi Prins] Dear Reader, America’s infrastructure is falling apart. Over the next two days, I’ll show you why rebuilding America’s infrastructure is necessary not only from a safety standpoint — but also from an economic standpoint. It could literally and figuratively build a highway to the future. And the time to start building it is now. The disastrous electric grid power outages that occurred during last month’s deep freeze in Texas are the latest example of the pressing need for infrastructure upgrades and investments of every sort. If nothing is done, more people will suffer, more jobs will be lost, and the economy will face drastic consequences. Since the mid-twentieth century, when most of this country’s modern infrastructure systems were first established, the population has doubled. American roads, airports, electric grids, waterways, railways, and more are not just distinctly outdated; today’s crucial telecommunications sector hasn’t ever been subjected to a comprehensive broadband strategy. Worse yet, what’s known as America’s “infrastructure gap” only continues to widen. The Longer the Wait, the Greater the Cost The cost of what we need — but haven’t done — to modernize our infrastructure has expanded to $5.6 trillion over the last 20 years ($3 trillion in the last decade alone), according to a report by the American Society of Civil Engineers (ASCE). Now some estimates run as high as $7 trillion. In other words, as old infrastructure deteriorates and new infrastructure and technology are needed, the cost of addressing this ongoing problem only escalates. Currently, there is a $1-trillion backlog of (yet unapproved) deferred-maintenance funding floating around Capitol Hill. Without action in the reasonable future, certain kinds of American infrastructure, like that Texas energy grid, could soon be deemed unsafe. Now, it’s true that the U.S. continues to battle Covid-19 with more than half a million lives already lost and significant parts of the economy struggling to make ends meet. However, even before the pandemic, America’s failing infrastructure system was costing the average household nearly $3,300 a year. According to ASCE: Infrastructure inadequacies will stifle U.S. economic growth, cost each American household $3,300 a year, cause the loss of $10 trillion in GDP and lead to a decline of more than $23 trillion in business productivity cumulatively over the next two decades if the U.S. does not close a growing gap in the investments. Recommended Link [Have your portfolio pay you EVERY month - forever]( Just imagine: No more worrying about chasing the latest tech stock, hoping it doesn’t crumble… Or jumping on the Bitcoin bandwagon, praying it’s not too late. Instead, you’ve got money coming into your account every month, like clockwork… [Join The “Forever Dividends” Masterclass To See It All]( 46,154 Bridges Structurally Deficient At the time of the report, ASCE also discovered that nearly four out of every 10 bridges in America were 50 years or older and identified 46,154 of them as already structurally deficient. Those numbers would obviously be even higher today. Meanwhile, the majority of American electric transmission and distribution systems were established in the 1950s and 1960s with only a 50-year life cycle. Much of America’s power grids are at full capacity. That means our systems are ill-equipped to handle excess needs — especially in emergencies. The list goes on. Whatever a post-pandemic economy looks like, our country is already starved for policies that offer safe, reliable, efficient, and sustainable future infrastructure systems. Such a down payment on our future is crucial not just for us, but for generations to come. Infrastructure could be the great equalizer in our economy, if only the Biden administration and Congress had the fortitude and foresight to make it happen. The time to act is now, especially as the American economy reopens. In fact, tomorrow evening I’m holding a special event detailing the opportunities this great reawakening offers investors. I’ve never been so bullish. And infrastructure is a key reason why ([Go here now]( to learn more). American History Offers a Roadmap for Infrastructure Success It wasn’t always like this. Throughout American history, building infrastructure not only has had a powerful economic impact but also has regularly garnered bipartisan political support for the public good. In 1862, Abraham Lincoln signed the Pacific Railway Act. That landmark bill provided federal support to an already ongoing private effort to build the first transcontinental railroad. At the time, its ramifications weren’t all positive —it notably escalated conflicts between Native Americans and the settlers pushing westward. However, the effort connected the country’s coastal markets, provided jobs for thousands, and helped jumpstart commerce in the West. Believe it or not, most of that transcontinental railroad line is still in use today. In 1928, Calvin Coolidge signed a bill authorizing the construction of a dam in the Black Canyon in the Southwest, a region that had faced unpredictable flooding and lacked reliable electricity. Despite the stock market crash of 1929 and the start of the Great Depression, by early 1931, the private sector, with government support, had begun constructing a structure of unprecedented magnitude, known today as the Hoover Dam. As an infrastructure project, it would eventually pay for itself through the sale of the electricity that it generated. Today, that dam still provides electricity and water to tens of millions of people. Recommended Link [America’s Final Warning]( [Read more here...]( Don’t hold your breath, but prepare… Because my latest warning is something every American must see in order to protect against the destruction our nation is about to face with our next president. Unfortunately, everything you hold dear could be at risk… Please don’t hesitate. [Click Here Now]( The Interstate Highway Program Having grasped the power of the German system of autobahns while serving as Allied Commander in World War II, President Dwight D. Eisenhower would, under the guise of “national security,” launch the Federal-Aid Highway Act of 1956 with bipartisan support, creating the interstate highway system. In its time, that system would be considered one of the “greatest public works projects in history.” In the end, that act would lead to the creation of more than 47,000 miles of roads across all 50 states, the District of Columbia, and Puerto Rico. It would have a powerful effect on commercial business activity, national defense planning, and personal travel, helping to launch whole new sectors of the economy, ranging from roadside fast-food restaurants to theme parks. According to estimates, it would return more than six dollars in economic productivity for every dollar it cost to build and support, a result any investor would be happy with. Equivalent efforts today would undoubtedly prove to be similar economic drivers. Do It for the Children Domestically, such investments in infrastructure have always proven beneficial. New efforts to create sustainable energy businesses, reconfigure energy grids, and rebuild crippled transit systems for a new age would help guarantee U.S global economic competitiveness deep into the twenty-first century. If we don’t make the necessary investments in our future today, we’ll be putting our children and grandchildren at a competitive disadvantage in the decades to come. Tomorrow, I’ll show you why a properly done, efficient infrastructure program could be the great economic equalizer that helps return broad prosperity to America. Regards, Nomi Prins for The Daily Reckoning P.S. Right now [3 super economic trends are barreling towards each other...]( and will likely converge in the coming weeks and months ahead. And tomorrow, Thursday, April 1, I’m going to reveal what this means for your money in 2021… including my big prediction for the rest of the year. It has to do with the reopening of America over the coming weeks. And I’ll be identifying the [5 biggest potential winning stocks that will soar as the reopening unfolds.]( Some are directly related to infrastructure, which offers incredible opportunity in the days ahead. I believe every American should own at least one of these stocks. But you won’t find them in the Dow or the S&P. [Many of the stocks here could generate gains 900% larger than many popular names in the S&P over the next few years.]( I’m going to share the details on each of these 5 stocks tomorrow [Thursday, April 1, at 8 pm ET.]( I’ve never revealed any of these names to the public before. That changes tomorrow night. I’m so bullish on these stocks, I don’t think another opportunity like this will occur until the 2030s! [Go here now to sign up.]( Attendance is 100% FREE. But hurry since spots are filling up fast. --------------------------------------------------------------- Thank you for reading The Daily Reckoning! We greatly value your questions and comments. Please send all feedback to [feedback@dailyreckoning.com.](mailto:dr@dailyreckoning.com) [Nomi Prins][Nomi Prins]( is an American author, journalist, and public speaker. She is the editor of Nomi Prins' Dark Money Millionaire and contributor of Jim Rickards' Strategic Intelligence. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Add feedback@dailyreckoning.com to your address book: [Whitelist us]( Additional Articles & Commentary: [Daily Reckoning Website]( Join the conversation! Follow us on social media: [Facebook]( [LinkedIn]( [Twitter]( [RSS Feed]( [YouTube]( The Daily Reckoning is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Paradigm Press delivering daily email issues and advertisements. 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