A way to 'opt out' of the system... Be the bank you used to know... Bitcoin is just the start of the financial revolution... This will end it... Watch Eric Wade's 'Crypto Cash Summit'... Doc joins the American Consequences podcast...
Our colleague Eric Wade went live with his 'Crypto Cash Summit' last night...
And it did not disappoint.
As we expected, Eric – the editor of our popular Crypto Capital newsletter – outlined what he believes is the next frontier in finance. He called it "a complete disruption happening in the financial markets"... and explained how everyday folks can make steady money by being part of it.
If you missed the special event, we urge you to check out the full replay right here.
We could begin a brief recap of the event anywhere because there was so much valuable material. But we'll start early in the presentation when Eric said...
The opportunity in front of us today is actually the real reason I came to work for Stansberry Research. Because when it came to sharing one crypto story with tens of thousands of people, I knew immediately that this is the one I wanted to tell.
We won't spoil the whole story... But in short, it's about the idea that cryptocurrencies – and their underlying technology – actually can power a system that can let many frustrated people "opt out" of our current financial system (and it's already happening). As Eric continued...
It's the most exciting thing going on in the crypto world. It's what my contacts inside the industry are talking about and where they're putting their own money... And it's the opportunity where I believe your money could go up more than anywhere else in the market in the next few months.
If you've followed the Digest closely for any length of time, you may likely already have an idea of what Eric is talking about. It's a central point of what we called "the real crypto boom to watch in 2021" earlier this year... and it wasn't simply owning bitcoin or Ethereum.
To us, this is much more exciting (and potentially lucrative) than owning bitcoin...
It's essentially the chance to be the bank (the lender) that you used to know yourself... This concept might sound like an existential idea, and it would've been unimaginable a decade ago... But it's reality for many early investors in cryptos today.
As Eric puts it, the demand and interest in cryptocurrencies signals that we're at the very beginning of a complete revolution in finance – and more specifically, in banking.
In Tuesday's Digest, Eric referred to this as the real, fundamental case for cryptos... similar to what was ultimately realized in tech stocks after the dot-com bubble 20 years ago.
You probably remember the time not all that long ago, in the early 2000s before the last financial crisis, when interest of 5% or so seemed like a safe investment at your local bank. You probably took it for granted... because even that number is unheard of today. Why?
As Eric explained, interest rates are the ultimate form of communication in the financial markets. In the world of capitalism and free economies, they tell us what our money is worth if we were to lend it to someone who wants to put the capital to work.
And with rates of return near zero across almost every asset class in the world – meaning negative "real" rates when accounting for inflation – the message is clear, Eric says...
Our money isn't worth anything. That's because we're used to a world where interest rates are controlled and suppressed by governments and central banks... when the reality is that this is the only time in history when rates have been this low.
The financial world has been absolutely turned on its head in recent years. In Europe, banks are now turning away depositors. And with nowhere left to go, central banks are pushing interest rates negative in an effort to save a sinking ship.
Forever, there has seemingly been no good alternative. Enter cryptos...
As Eric said during the summit, most people don't understand that bitcoin – the world's first and most popular cryptocurrency – is just the start of what could be decades of financial revolution... It's why the Economist says, "Thanks to crypto, a world without banks is visible on the horizon."
The eye-popping gains – which Eric's Crypto Capital subscribers have enjoyed – and volatility in bitcoin are really just the headlines of an entire industry that is in development as we write. It's one that could reward smart investors who take the time to learn and research this new space. As Eric put it...
Most folks get so wrapped up in the shiny crypto gains in the news recently that few Americans stop to consider the true consequences of the innovation we've seen in just the last 18 months. Bitcoin was the first step... It's an incredibly important proof of concept. It proved that crypto could be used to remove middlemen, to remove fees, and even create a faster, more efficient system. And it helped lay the infrastructure for the opportunity that we have today.
But this next step, the next massive disruption, is going to be much bigger. While bitcoin started the financial revolution, the opportunity I'm here to talk about is going to finish it. And I believe [it] will make investors extraordinarily rich in the process.
In short, the opportunity Eric is sharing is the chance to essentially act like a bank in the crypto world and earn anywhere from 8% up to 30% on your money... while still enjoying the chance for 1,000% capital gains in this innovative world.
It's the opportunity to be the digital version of what Main Street banks used to be, without the middlemen. And that's worth something today...
Let me be clear, though...
We're not suggesting anyone put their entire portfolio into this opportunity.
It's not without risk (that's why you get the interest payments, of course), and it might take some time to get used to it. But as Eric showed thousands of folks last night, you can lend out your digital assets and lock in terrific income streams in a variety of ways today.
We suspect that many, many more people will be doing this years down the road. But you can do it right now...
I (Corey McLaughlin) have touched on this idea many times in the past in the Digest... But frankly, there's way more depth to this transformative story than we can mention in our humble daily e-mail. That's why Eric went live with his Crypto Cash Summit last night.
But that doesn't mean it's complicated either. Be sure to watch Eric's event to see what we mean... If you missed the initial broadcast, you can watch the full replay right here.
Switching gears to another 'can't miss' conversation...
It's along the same lines of trying to put your money to work in the best ways you can...
Trish Regan, publisher of the American Consequences online magazine, welcomed our colleague and Retirement Millionaire editor Dr. David "Doc" Eifrig to her podcast this week...
As we shared last month, Doc has come up with a portfolio solution for what he says those folks who are close to retirement should really be doing with "90% to 95% of their money"... And he joined Trish to talk about why and how to do it.
But that's not all Trish and Doc talked about... In the podcast, they also covered "real" inflation and the U.S. dollar. Plus, Doc shared his insights on how to help safeguard your nest egg, including if you should own gold, corporate bonds, or U.S. Treasurys...
Click here to listen to their entire can't-miss conversation. And while you're there, be sure to check out Trish's entire library of past episodes.
A 'Scary Level of Systemic Risk'
Simon Dixon, founder of online-investing platform BnkToTheFuture, says we're at a "scary level of systemic risk" today. And for that reason, he's avoiding holding his money in banks at all costs. Dixon tells our editor-at-large Daniela Cambone why bitcoin is still his preferred investment vehicle and that the recent price corrections don't worry him...
Click here to watch this video right now. For more free video content, subscribe to our Stansberry Research YouTube channel... and don't forget to follow us on Facebook, Instagram, LinkedIn, and Twitter.
New 52-week highs (as of 7/21/21): Asana (ASAN), Cintas (CTAS), DocuSign (DOCU), Hallmark Financial Services (HALL), Intuit (INTU), Coca-Cola (KO), Cloudflare (NET), Novo Nordisk (NVO), ResMed (RMD), ProShares Ultra Health Care Fund (RXL), Sea Limited (SE), Stamps.com (STMP), TFI International (TFII), and Trane Technologies (TT).
In today's mailbag, feedback on yesterday's Digest about "space tourism"... Do you have a comment or question? As always, e-mail us at feedback@stansberryresearch.com.
"I think this week's rocket flights have some real potential – as advertisements for their proprietors. After all, if it's safe enough for the owners, why wouldn't you feel secure in buying their services? Especially the LEO [low-Earth orbit] launches, not the tourist stunts, which should be the real income opportunities in enterprises trying to match SpaceX.
"Think about the outcomes – if the rockets blow up, the principals are no longer at risk of any further bankruptcy or failure, and as billionaires have likely enjoyed more indulgence than the rest of us can imagine. With success, they have bragging rights over their fellow billionaires. As Bill Bonner would say, 'This is a Win-Win situation.'
"From my previous note, the Metropolitan Opera free streams have finished this week, but you are close enough to get to the real performances at some point. Like Scotch Whisky, it is an acquired taste.
"You should find a game of 'Snakes and Ladders' at some point, to play with child relatives. It is a good analogue for stock market outcomes. A more obscure game, 'Pit', is good fun and a model for the Chicago commodity market." – Paid-up subscriber Robert T.
Corey McLaughlin comment: Thanks, Robert. You might be on to something...
To your other points, your suggestion to find a game of "Pit" – which I admittedly hadn't heard of – is great and strikes us as timely as well, with what some commodity prices are these days...
All the best,
Corey McLaughlin
Baltimore, Maryland
July 22, 2021