Video Update: What I Found Out on My Latest Trip to D.C. Could Have Implications for Your Portfolio

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of renowned author and former Wall Street insider, Nomi Prins. Every day, Nomi shines a light on a massive wealth transfer she calls The Great Distortion. That’s the true cause of the permanent disconnect she sees between the markets and the real economy. And she shares ways you can come out ahead, if you know where the money is flowing. You’ll find all Nomi’s Inside Wall Street issues [here](. If you have questions or comments, send Nomi a note anytime [here]( or at feedback@rogueeconomics.com. Video Update: What I Found Out on My Latest Trip to D.C. Could Have Implications for Your Portfolio By Nomi Prins, Editor, Inside Wall Street with Nomi Prins For today’s Inside Wall Street, I’m coming to you from Washington, D.C. I came here to meet with senior congressional staffers, and to do one of my usual live interviews with TV anchor Charles Payne on Fox Business. I’m also on tour for my seventh book, Permanent Distortion, which hit shelves earlier this month. (Catch up on the sneak previews I shared with you [right here]( So it’s busy times… But while I was there, I took a moment to film a video update for you. In today’s video, I tell you what I found out in my latest meetings with our nation’s policymakers… including something that is very different now, compared to the many years I’ve been meeting with Congressmembers. To watch it, [click here]( or the image below. Or, as always, you can scroll down to read the transcript. [image]( To share your thoughts on my latest video update, just drop me an email at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Video Update: What I Found Out on My Latest Trip to D.C. Could Have Implications for Your Portfolio). Happy investing, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins --------------------------------------------------------------- TRANSCRIPT Hi, everyone. Nomi here. And greetings from Washington DC. I’m back on Capitol Hill where I just wrapped up a series of meetings with senior congressional staffers. Over the years, I’ve met with various members on both sides of the political aisle. Most of them are people that do want what’s best for the country, though they might have different routes of achieving that. What’s different today, though, is that in the past, we would speak about preventing financial crises, building infrastructure, and just creating economic resiliency. These are topics that I have covered here over the years. But today, this new topic has emerged in my meetings: conversations about the Fed and what it’s doing. Recommended Link [Market Wizard, who predicted negative indexes in 2022, shares a shocking new forecast]( [image]( He had 20 straight years of winning trades without a single losing year… That put his hedge fund in the top 1% of Barron’s rankings. He was featured in the popular trading book, "Hedge Fund Market Wizards, How Winning Traders Win…” Earning the coveted title “Market Wizard”… This year, he was one of the few experts who accurately predicted the 2022 stock market collapse... Telling a reporter in January, “All indexes will be negative for the year." Almost immediately, the market tanked. The Nasdaq posted its worst start in history…. And the DOW had its worst start since World War II. While most folks lost money… This trader showed those following his work how to avoid the carnage and profit from it. And now, for the first time ever, he is coming forward to share a brand-new forecast. In his debut video, Market Wizard Larry Benedict reveals how to make all the money you need… In any market… Using a single stock. [Click here to watch the video now.]( -- Policymakers are now concerned about the impact that the US central bank could have – not only on the full domestic economy but on economic conditions around the world. This week, I shared with congressional staff my analysis that ultimately inflation will come down. But that’s going to take time. And it’s also going to take active investment in infrastructure and the real economy – that focuses on innovative manufacturing, technology, and New Energy solutions. Supporting Main Street and not Wall Street is crucial right now, as is a Fed that’s not fighting against a strong labor market. You see, as the Fed hikes rates, big banks are not passing along those higher interest rates to savers. Instead, it’s bank shareholders that are pocketing the cash. And there is every reason to believe the executives this year on Wall Street is going to be rewarded with higher bonuses. But the story goes deeper than that. Recommended Link [It is 100% environmentally friendly and safe…]( [image]( Unlike Tesla batteries that are notorious for bursting into flames. This “liquid energy” is non-toxic. Environmentally friendly. And stores energy up to 94% cheaper than a Tesla lithium-ion battery. It’s Tesla’s worst nightmare come true. And it’s promising to change everything about battery technology. [Watch a 30-second demo here.]( -- In 2022 alone, I found out here that over 120 “K Street” lobbyists with really deep financial pockets have lobbied the Fed directly on a range of topics to help Wall Street and not Main Street. So why does all of this matter to you? Because central banks around the world are justifying their tightening by claiming that inflation could become “unanchored.” What that means is that the belief in inflation could be what causes more inflation. But it also means that they’re following corporate interests at the expense of Main Street. This is a problem because central bank policies could send energy prices even higher. They could cause a major housing crisis, and they could put greater burden on supply chains and on the real economy and workers. Ultimately, central banks could create a recession and more economic hardship. But the numbers tell a slightly different story. Recommended Link [Bull Market in This Sector]( [image]( Despite tech stocks falling 26% this year overall… One tiny tech sector is having a booming year. In fact, in [this list of the 500 fastest-growing companies in North America right now]( Hundreds of companies in this sector are soaring, for gains of 200%... 500%... 1,000%... 10,000%, and much, much more. You can get your hands on the full list of names by [clicking here.]( Plus, you’ll get details on the #1 ticker to play this trend. It helped one small-town millionaire get rich again after he lost his millions. And in a recent interview, he revealed why he believes it could double again from here. [Click here for the full story.]( -- The truth is that [workers are returning to jobs](. And that means adding more workers – not having fewer customers – is actually potentially a good thing. It signals that, as the Fed continues down its aggressive path, and it makes a recession nearly inevitable… It could either continue to squeeze workers while helping Wall Street… Or it could enter [Stage 1 of its pivot]( this year – and reduce the size of its rate hikes. As always, we’re going to continue to pay attention to the numbers, the economic distortions, and what they all mean for investors – and for you and your money. Happy investing, and I will talk to you soon. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG Nomi has been writing recently of the 2008 financial crisis… and criticizing former Fed-chair Ben Bernanke’s handling of the crisis, and the policies he put in place. Your fellow readers have some thoughts about bailing out big banks and what we should have done differently. Lehman went under due to no liquidity. Their competition refused their repos, and put them into bankruptcy. A major competitor was eliminated. Their California land was no longer a bankable asset. The lawyers striped it bare and left the bones in the sun to bleach, and made out like the bandits they all are. Do you recall Hank Paulson threatened to destroy Bank of America if they stopped the acquisition of Merrill Lynch after Merrill had raided the coffers for all the bonuses. Then the Securities and Exchange Commission (SEC) sued Bank of America because they didn’t “disclose” that Merrill had raided the coffers. Are banks still doing their end of the quarter repo tricks? They’re all lying, corrupt, parasitic, sacks of excrement. – Jim L. It has always been my contention that the entire situation could have been salvaged and prevented from the start. At the time, saving the banks is where everyone was looking. It had been my thought that we should have looked to the past for the answer. It was my feeling at the time that the southern states that were hit hard from Hurricane Katrina, still needed a tremendous amount of rebuilding. Why instead of giving the banks all the money, why not institute a country wide work program as done in the past, (Interstate Highway System, Robert Moses, Hoover Dame, etc). Thus, all the suppliers and tens of thousands of jobs to support the operations, material manufacturers, transportation, eateries, fuel, Cities, etc., would be hiring to support such a rebuild. It seemed logical to me, that putting all the increasing number of unemployed at the time, keeping payments to creditors and banks streaming, would have prevented or at least substantially delayed the meltdown, and staved off the worsening situation. At a minimum, it would have given the financial wizards some time to have formulated a better plan and policy, versus the panicking that took place. – Scot B. And another reader responds to Nomi’s [mailbag edition from last Friday]( where she wrote that by traditional standards, we have just pulled out of a recession… Recession… I don’t see how we avoid it with housing prices so high and interest rates also. The downturn in the housing market affects so many tied to that industry that it can't help but have a severe negative impact on the economy. – Jeff Z. How do you think the financial crisis of 2008 should have been handled? And what can be done today about slow growth rates and recession, as reader Jeff believes we can’t avoid? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Video Update: What I Found Out on My Latest Trip to D.C. Could Have Implications for Your Portfolio). IN CASE YOU MISSED IT… [Man who warned of Russia invading Ukraine releases a new set of predictions]( Geopolitical expert and best-selling author Peter Zeihan has just released a startling new set of predictions in his latest book, The End of the World Is Just the Beginning. The first printing completely sold out, but you can [get it now right here.]( [Click here now.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [The Trader’s Guide to Technical Analysis]( [The Ultimate Guide to Taking Back Your Privacy]( [The 101 Guide to Pre-IPO Investing]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. 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