Politicians Are Rushing to Get New Laws Approved This Year

[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. Politicians Are Rushing to Get New Laws Approved This Year By Nomi Prins, Editor, Inside Wall Street with Nomi Prins [On Monday]( I wrote to you about how despite endless posturing and drama from both sides of the aisle, our politicians actually agree on a lot of things. And right now, there are two issues both parties in Congress have common ground on. They center around two of our main Distortion profit themes: [Infrastructure]( and [New Energy](. So as promised, today, I’ll be diving into two main bills with bipartisan backing that are set to change the face of an important public sector – infrastructure, and how you can get in on the companies set to benefit from these new laws… Recommended Link [Florida Trader crushed it last year. Discover his plan for 2023?]( [image]( Market Wizard Larry Benedict crushed the market in 2022… He delivered a perfect track record to his One Ticker Trader readers, going 11-for-11. Previously, he went 20 straight years on Wall Street without a single losing year. And when the market plummeted 37% in 2008, he delivered 23% returns… Now he’s sharing an over-the-shoulder “demo” of his winning strategy in action. He calls it the One Ticker Retirement Plan… And it takes less than 10 seconds to demonstrate. [Watch it here.]( -- We’ve Got Ways to Go for American Infrastructure Wherever you look, you can see the flashing red signs. America needs to up its infrastructure game. We need to start updating and building – yesterday. The American Society of Engineers’ report card comes out every four years. In 2021, it ranked America’s infrastructure at a C-. [Featured: Must See! Florida Dad “hacks” gas pump. What happens next will STUN you…]( That was the first time it exceeded the D range in two decades. But still, were you ever happy about a C- in school? Their report covered areas from drinking water to bridges to aviation to energy. It also said America needs $6 trillion to get a B. So, we’ve got a lot of work to do. That abysmal score helped motivate two mega-bills: - The $1.2 trillion Bipartisan Infrastructure Act. - And the Inflation Reduction Act, which includes $386 billion of climate and energy spending and tax breaks. The goal of both is to invest in American infrastructure, materials, technologies, and jobs. But we’ve got a ways to go. Recommended Link [Must See! Florida Dad “hacks” gas pump. What happens next will STUN you...]( Florida man pulls up to the service station… “Hacks” gas pump... And then THIS happens: [image]( [Click here to watch!]( -- 2023 Is an Important Year for Policymaking Building infrastructure comes back to the issue I talked about [on Monday](. It takes time for money allocated on the federal level to make it to the local or state level to fund projects. This is the main complaint I get time and time again from the elected officials and their senior staffers. The money is there – it’s just not being directed as quickly or efficiently as they need it to be. And in that sense, this year is critical. That’s mostly because it’s a “between” year politically. See, during election years, everyone is focused on the elections. But in “between” years like this one, there’s always more energy to pass bills. [Featured: Strange Force Coming for American’s Savings? (Prepare Now)]( We already elected a new Congress and Senate for the 2023-2024 session. And there’s no presidential election to distract Washington this year. Now, the presidential election is coming up in 2024. That also means politicians will rush to get new laws and spending approved. That way, they can report back to their constituents. And they can make good on any promises they made to their corporate or political action committees (PACs). In other words, it helps them line up donor contributions in time to campaign – for themselves or for their friends – in the election year. And that brings us back to this year’s government winners. Recommended Link [Why do 5 billionaires think this strange liquid can rival what Elon Musk is building at Tesla…]( [image]( And send the stock price of one tiny company soaring? It all circles back to a $130 trillion energy transition away from fossil fuels like coal, oil, and gas… To renewable sources like hydro, geothermal, solar, and wind power. But there’s one problem… Renewables can’t deliver energy on demand. And that’s the real reason why 5 of the world’s richest men are betting against Elon Musk and Tesla… And investing in one tiny company behind “Liquid Energy.” [Click here to learn more.]( -- Follow Washington’s Money Despite what the Fed does, Washington will always dole out federal contracts to its favorite companies. It’s one way to ensure more votes. And based on my intel from contacts in the Beltway, the size of government contracts will only increase. This will not happen overnight. We are talking about the government. But there will be more movement this year. Funds from big bills will start to flow to projects around the country. And smaller legislation will get passed where there is common ground. One key area of common ground is nuclear energy. On that, one of my contacts on the Hill, who works with a senior congressional committee, pointed out the following to me… Rep. Garamendi (D-CA) is against nuclear proliferation. But he supports building out nuclear energy projects to power Main Street. My contact also noted that the same holds true for Rep. Thomas Massie (R-KY). Now, Massie is quite brilliant. He has two engineering degrees from MIT. And I have fond memories of a long conversation I had with him about derivatives and banking. And on the topic of energy, he also supports building better nuclear energy and other infrastructure. In Massie’s own words: America, and Kentucky in particular, has abundant natural resources including coal, oil, natural gas, shale, nuclear, solar, wind, and geothermal. I will support all domestic sources of energy as long as they can compete in the free market without subsidies. I anticipate more conversations with him or his staff on energy independence this year, especially on nuclear (and solar) power. And regardless of your views on alternative energy, or even on subsidies, there’s a big opportunity here. So how can you take advantage of Washington’s infrastructure spending? One way to do that is through the iShares U.S. Infrastructure ETF (IFRA). This exchange-traded fund (ETF) has 156 holdings in the infrastructure sector. That includes big names – and government favorites – like Cleveland-Cliffs, Constellation Energy, and PG&E. It can give you exposure to companies that potentially stand to gain from Washington’s infrastructure spending. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG One reader weighs in on a question we asked in Monday’s mailbag about whether money is evil or not. Most people think that the Bible says "Money is the root of all evil." It does NOT. 1 Timothy 6:10 – “The love of money is the root of all evil.” Money is a tool; and just like any tool, it can be misused. In the right hands, it can be a powerful force for good. The inverse is also true. – Charles C. Readers also share their thoughts on [Nomi’s essay from Monday]( about the two issues both Democrats and Republicans agree on… and the frustrating pace at which government funds flow… I found it very interesting that the two senior staffers that you talked to were both frustrated by the slowness of the money flow for approved projects. It seems that they, just like the congresspeople they work for, think that there's gobs of money just laying around in rooms all over Washington D.C. ready to be spent on this pet project or that lobbyist’s idea shared at a recent lavish, private surf and turf dinner or some gala! They seem to believe that all they have to do is create another situation to throw money at, and it will just magically flow. It's somewhat frightening that ignorance abounds at ALL levels of the federal government. – Eric H. Sounds like at least a few of our government officials are on the right track to get our infrastructure up to date and get the funds moving toward the contractors that can get it done. I think that we should rekindle our commitment to oil, gas, and coal until we get a handle on cost-effective solutions for renewable energy. Many other countries have already made the transition to nuclear energy and not to non-cost-effective solutions such as wind and solar that cost too much to produce and maintain. – Fred L. Then, reader Jim has some comments on the government and its goals… With respect to politicians and government please see George Carlin’s enunciations on their goals, i.e. re-election, preservation and expansion of power, and their general disdain for the governed. The politicians have very little control of the bureaucracy. Notice how the bureaucrats routinely thumb their noses at the politicians. Government has become weaponized to destroy all opposition. “Don’t mess with us or we will sick every agency we have on you;” and they all have weapons now, even the Bureau of Land Management. Did you know a citizen was sued by a school board for asking questions about what her kindergartener was being taught? At least I wasn’t in D.C. on the sixth of January, 2020. “All blessings come from the state and at their discretion”? My personal thoughts are: Government is THE employment program for partisan socialists; and government will never be satisfied until it has complete, total, and permanent control over all aspects of our lives and the country. Understanding these truths brings clarity to our situation. We’re toast. – Jim L. Do you agree with Fred that we need to recommit to fossil fuel-based energy to save costs? And after reading today’s piece, what policies do you wish to see enacted in 2023? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… [The #1 stock for 2023]( Investment expert Brad Thomas knows how to pick stocks. He bought Starbucks back in 2006… He bought Nike in 2003… And he and his team delivered a perfect track record from March 2020 to September 2022. 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