Joe Biden will be inaugurated as the 46th President of the United States today.
I know the country is VERY divided on that, so this won’t be a political letter, trust me.
Here are the 5 of the 17 executive orders that Biden plans to lay out, TODAY, his first day in office.
*Launch a “100 Days Masking Challenge” and Leading by Example in the Federal Government*
*Structure Our Federal Government to Coordinate a Unified National Response [to Covid-19]*
*Extend Eviction and Foreclosure Moratoriums*
*Extend Student Loan Pause*
*Rejoin the Paris Agreement on Climate Change*
Now, I’m not here to debate the cause and effect of any of these orders OTHER than the ones that effect your wallet.
So when I see moves like this, plus Janet Yellen’s quote from yesterday’s letter ->
“Janet Yellen, President-elect Joe Biden’s nominee for treasury secretary, urged lawmakers Tuesday to “act big" on economic relief for the coronavirus pandemic as she appeared before a Senate committee for her confirmation hearing.”
That’s why I’ve highlighted and bolded the actions above that seem most likely to increase government spending.
And, because, as we all know, the Government is already spending TRILLIONS more than we take in in tax dollars…
And in fact hasn’t spent less than we make since the Clinton administration…
That all of this government spending must be financed by PRINTING MONEY… AKA “funny money” or “monopoly money”.
Let’s break down the executive orders that cause more money printing…
*Launch a “100 Days Masking Challenge” and Leading by Example in the Federal Government*
This one is super controversial, obviously. Do masks cause money printing? Probably not directly, but I think we can all agree that this stance of tighter covid restrictions will REQUIRE more government bailouts for ALL industries that are affected…
Restaurants
Airlines
Travel industry as a whole
Etc.
All of these have MASSIVE domino effects and the only way to ease people’s pain temporarily is to print more money, which they will do, and do in droves.
*Structure Our Federal Government to Coordinate a Unified National Response [to Covid-19]*
I’m pretty sure this alludes to Janet Yellen’s quote above about “going BIG” with stimulus. Which is basically a direct order from the President to print money.
*Extend Eviction and Foreclosure Moratoriums*
Someone has to pay for this. Likely, it will be the owners of the real estate, who take these losses hard on the chin. These losses will need to be subsidized from somewhere, or the entire system will start to show cracks.
This is a big deal. I’m not saying we’re going to get another real estate crash like 08’. Instead, the Gov will have to step in and bail people out in order to prevent something like that from happening.
*Extend Student Loan Pause*
Again. Money isn’t free. Someone is paying these loans. Seems like that “someone” is the federal government.
*Rejoin the Paris Agreement on Climate Change*
Another controversial, and EXPENSIVE one. Many of Biden’s policies including the even MORE controversial “Green New Deal” will cost trillions.
So what does all this mean?
Honestly, the same thing as it meant yesterday.
If you haven’t read the letter from yesterday I really encourage you to go back and read it -> https://thekaleletter.substack.com/p/can-you-just-keep-getting-rich-forever
The government is spelling out what rich people already know, in BLACK AND WHITE.
They are giving you the FORMULA for getting rich in the coming decade.
They are not even TRYING to hide the fact that they are going to print TRILLIONS of dollars and thus devalue the dollars in your pocket.
If you hold ASSETS during crazy times like this, your purchasing power will be maintained, and you will grow wealthier.
That is because ASSETS are not being printed by the government, the currency is.
If you hold the CURRENCY, expect your purchasing power (at least for the things you actually want like a beach home…) to go DOWN by 15-20% every single year for the next decade.
I’m serious.
Imagine going out in your backyard.
Putting all your money down.
And lighting 20% of it on fire.
Every.
Single.
Year.
That’s what’s happening guys and gals!
Crazy times.
Again, go read my letter from yesterday, and share this one AND that one with someone who needs to read it.
Love ya, and stay safe out there.
Kale
-> If you like this letter you can try it free for 30 days…
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