“The System Is Broken” Say the Bureaucrats That Broke It

Only in a magical place like this can they praise themselves and fail to recognize the collision course that they’re putting America on [Image](   [ARCHIVES]( July 14, 2023 Dear Fellow Expat: The National Economic Council issued a riveting paper this week telling the world that they are doing a good job and that their ideas are terrific for the nation. Hey, I guess it worked for leaders of the Soviet Union, at least for a little while. The National Economic Council, headed by climate zealot and former central banker Lael Brainard, and the Council of Economic Advisers, headed by someone with a Ph.D. in social welfare, released a report praising themselves and their support for massive levels of spending on infrastructure, the Green Energy transition, and domestic semiconductor manufacturing. Hurrah. Hurrah. Hurrah. It’s a classic case of politicians and government workers praising dirigisme as a practical approach to the economy. When a government tries to do too much, like a jack-of-all-trades, it becomes a master of nothing. We’re on a march to $50 trillion in debt by 2032 with hundreds of trillions in other unfunded liabilities. Tack on this basic issue. It will take years of permitting, studies, and other time-wasting activity to deploy these projects. In addition, we’ll need to triple our copper production and boost lithium output 10 times over, all while lawyers at “advocacy centers” sue to stop the expansion of mining activity. It's very easy to spend other people’s money. But these people sit around all day and “re-imagine” things. I like to imagine these people sitting around a table drinking tea, dressed as the characters from Alice in Wonderland. Only in a magical place like this can they praise themselves and fail to recognize the collision course that they’re putting America on – a course that ends abruptly within 10 years. [You only need one chart to see it…click here to continue reading this postcard...]( Stay alert, Garrett {NAME}     PREMIUM CONTENT Dive into the benefits of selling covered calls on stocks with 100 shares or more—a strategy for long-term investors. Learn how to generate income, manage risk, and enhance portfolio returns through selling call options. Explore real-life examples and gain valuable insights into implementing covered calls in your investment approach. [Sneak A Peek Inside the Trading Room](   REPORTS   [Welcome to Momentum]( [Trading Momentum]( [Twitter]( [Youtube]( [Instagram]( [Tiktok]( [Discord]( [LinkedIn](   You are receiving this e-mail at {EMAIL}, as part of your subscription to Midday Momentum. To remove your email from this list: [unsubscribe here]( Please do not reply to this email as this address is not monitored. To cancel, or for any other questions or requests, please contact our Customer Service team: Online: [Customer Service Form]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Midday Momentum | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday ­ Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication prior to following an initial recommendation. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions](