Go Fly a Kite

These heavy winds won't soon pass... These heavy winds won't soon pass... [Outsider Club logo] Go Fly a Kite [Jimmy Mengel Photo] By [Jimmy Mengel]( Written Apr. 24, 2020 I spent the better part of yesterday afternoon flying a kite... "It's a breeze," I told my daughter, my dad jokes reaching ever new lows during the quarantine. "As soon as the wind picks up, you start running towards it." After I handed her the kite, I stepped back to watch with fatherly pride. What a wonderfully honest and pure way to escape the mounting dread of life during coronavirus. Fresh air, a cool breeze and some old fashioned family fun should be a perfect antidote to this pestilence, right? Wrong... The wind abruptly stopped and the kite slammed into the ground. “Don't worry,” I told her. “Half the fun of flying a kite is trying to keep it in the air!” We got the kite back up upon the next gust and were feeling pretty confident this time. My daughter gave the kite some more slack and it was flying pretty high. But, lo and behold, as soon as it starting reaching new heights the wind abruptly changed directions and crashed the kite again. “You just have to run the other way when the wind changes. It's easy,” I lied. We went through this routine for about half an hour before she finally realized that flying kites on a unpredictably windy day wasn't worth the trouble and heartache. The entire experience mirrored what life – and the stock market – has been like this year. [An Open Letter to Investors With LESS Than 250K in Savings]( If you have less than $250,000 set aside for retirement — then you could soon find yourself in a troubling situation... ...Especially if my research about an upcoming financial meltdown comes to pass. Some people could lose up to half their savings. Others may lose everything they’ve got. [CLICK HERE to see my research... and prepare accordingly.]( So far this year, we've seen the biggest back and forth gusts in market history. A 30% drop was soon followed by a 20% recovery. Rinse and repeat. It's been exhausting and difficult to navigate. The winds have been blowing the market in every direction... The government has spent trillions of dollars to try and stabilize it. Oil went negative for the first time in history. Entire industries have been put at the brink of extinction. Oh, and 26 million people have lost their jobs. Those jobs are not just going to come right back and it is spreading fear and uncertainly, which are the two biggest issues facing investors. It's especially scary for small businesses which, despite billions of dollars in government aid, are facing total collapse. That's why I spent the last week speaking with local business owners in my community to see how they were faring. I started with our local restaurant. While masked, gloved, and waiting for a carryout order for some crabcakes, I spoke with the owner about how he was fairing during this crisis. He delivered his answer with a nervous chuckle. “Not well.” While it has been next to impossible to stay above water on curbside carryout and delivery orders, he seemed just as concerned about what will happen after the country reopens. For one, his restaurant will have to cut the amount of tables in half due to the need for distancing. Two, he was very concerned about the ability to hire his lower wage workers once they are able to reopen. While waiters and bartenders will happily return to work for tips, dishwashers, line cooks, food runners and hostesses aren't quite so lucky. Considering that the government rescue effort averages around $976 a week for those out of work, it just doesn't make sense for these low paid workers to even come back. Why would you slave over a hot griddle for hours a day when you can make almost twice as much money staying home? The end result will be that restaurants have to pay more money for less employees, serving half as many customers. And the customers that do show up? They'll probably be paying twice as much money for their meal to compensate. With millions of people out of work, the restaurateur fears that many diners will choose to save their money instead of treating themselves to what now constitutes a “luxury purchase”. This is a nightmare for an industry that already runs on thin margins. Restaurants lost $30 billion last month. They expect to lose another $50 billion in April and $240 billion by the end of the year. Almost 14 million people work in restaurants in the U.S. You can't have a honest recovery of any kind with that number of people out of work. The news was just as dire same when I checked in with another prominent local business... [Batteries Now Obsolete?]( The “Tesla Killer” is here. American-made "Blue Gas" has Elon Musk furious! The tiny stock making it possible trades for just a few bucks... And is set to trade higher than Tesla within the next few months. [See why stunning 90,900% growth is just ahead](. While the Lorax spoke for the trees, nobody seems to be speaking for the flowers. Except for my trusted local florist Chris, that is. I ran into him at the grocery store the other day. He was buying up the best remaining flowers they had in order to fill the few orders he did have. I took a glance in his cart and couldn't believe what I saw: flaccid petunias, hideously colored roses and tulips that would classify as one-lips. To say I was shocked would be an understatement. I'm a regular customer of his (husbands take note, buy your wife flowers often) and his arrangements are unbelievably gorgeous. No disrespect to the grocery store florists, but he's in an entirely different league. I asked him why in the world he was buying third-rate flowers when he had the best I'd ever seen. “The flower market has completely shut down. I can't get anything. This is the best I can do,” Chris sadly admitted, almost on the verge of tears. It's true: the $8.5 billion cut flower industry is totally collapsing. Spring is a massive time for flowers with Easter, Mother's Day and weddings all happening. But Easter was effectively shut down. We don't even get to see our mothers. And weddings aren't happening... Another grim reminder: funerals aren't happening either. Virtual funerals don't require the thousands of flowers that accompany a typical one. Complaining about flowers while people die alone sounds cruel, but livelihoods depend on it. The entire global supply chain has fallen off a cliff. Roses dropped to 8 cents a stem last month. At the world's biggest flower auction house in the Netherlands, instead of paying employees to sell flowers to the international market, companies were paying them to have them destroyed. [Retire on This Strange Currency Event]( A dramatic drop in inflation is set to happen for one global currency... There’s nothing the Fed or any other government agency can do about it because this 50% inflation drop is "set by law"... The last time this happened, investors made 13,533%... There’s a way to play this event thanks to a little-known tech stock that is closely linked to this currency. But with the inflation drop only a few weeks away, there’s not much time left... You have to get in NOW for your chance to see life-changing 27,000% gains. [Find out what this is all about and get started with $5.]( It took a week and a half just to shred all the unsold flowers. These types of collapse are happening in all sorts of industries we've taken for granted. While we can keep throwing government money at them, the pain will be felt for years to come. A small business recovery does not appear anywhere on the horizon. We all have a long, windy journey ahead of us. [It is the perfect opportunity to properly learn how to fly a kite.]( Godspeed, [Jimmy Mengel] Jimmy Mengel [follow basic]( [@mengeled on Twitter]( Jimmy is a managing editor for [Outsider Club]( and the investment director of the personal finance advisory, [The Crow's Nest,](and cannabis stocks advisory, [The Marijuana Manifesto.]( For more on Jimmy, check out his editor's [page](. *Follow Outsider Club on [Facebook]( and [Twitter](. Enjoy reading this article? [Click here]( to like it and receive similar articles to read! Browse Our Archives [The Feb. 17 Incident...]( [Time to Buy Oil Stocks?]( [Three Investment Ideas I'm Watching]( [These Are Historic Times]( [This Fuel Puts 1-Dollar Gas to Shame...]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. To ensure that you receive future issues of Outsider Club, please add newsletter@outsiderclub.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. [Outsider Club](, Copyright © 2020, [Angel Publishing LLC]( & Outsider Club LLC, 304 W Pacific Avenue, Suite 210 Spokane, WA 99201. For Customer Service, please call (877) 303-4529. All rights reserved. [View our privacy policy here.]( No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. Angel Publishing and Outsider Club does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. This letter is not intended to meet your specific individual investment needs and it is not tailored to your personal financial situation. Nothing contained herein constitutes, is intended, or deemed to be – either implied or otherwise – investment advice. Neither the publisher nor the editors are registered investment advisors. This letter reflects the personal views and opinions of Nick Hodge and that is all it purports to be. While the information herein is believed to be accurate and reliable it is not guaranteed or implied to be so. Neither Nick Hodge, nor anyone else, accepts any responsibility, or assumes any liability, whatsoever, for any direct, indirect or consequential loss arising from the use of the information in this letter. The information contained herein is subject to change without notice, may become outdated and may not be updated. Nick Hodge, entities that he controls, family, friends, employees, associates, and others may have positions in securities mentioned, or discussed, in this letter. No part of this letter/article may be reproduced, copied, emailed, faxed, or distributed (in any form) without the express written permission of Nick Hodge or the Outsider Club. Unauthorized reproduction of this newsletter or its contents by Xerography, facsimile, or any other means is illegal and punishable by law. ---------------------------------------------------------------