America vs. Americans

An excerpt from Eric Wade's new book... Get familiar with Laborism... America is not working for Americans... Get the book now... Also, introducing Diamond's Edge... Exclusive insight from Greg Diamond...

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Editor's note: If you're familiar with Stansberry Research senior analyst Eric Wade's work, you know that he believes America is not working for everyday Americans. From the largest "wealth gap" in U.S. history to the constant devaluation of the dollar and more emerging concerns, Eric says it's all evidence that capitalism is broken...

We need a new system, Eric says, to fix these seemingly intractable problems. It's a system built around people rather than capital, in which the greatest commodity isn't cash, but work... and a system in which Americans at every level of society and government are working together.

Eric calls this idea American Laborism... and he has written an entire book, America vs. Americans – which launched today – that presents the broad concept and his detailed, step-by-step plan to put it into action.

In short, Eric believes America can implement this new economic system. And he presents a compelling case that includes an asset-backed currency, a smaller government that works for everyone, and the kind of innovative technologies Eric covers for Stansberry Research subscribers in Crypto Capital and Stansberry Innovations Report.

Today, to celebrate the debut of Eric's book, we're sharing an excerpt from America vs. Americans that introduces his ideas... And, if you're interested in learning more, we encourage you to grab a copy for yourself.

The book is available for purchase on Amazon here and at many other booksellers. It's already earning positive reviews, like from Kirkus Reviews magazine, which described it as "an enticing look at government reformation that manages to bring something new to the table."

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This is a conversation about American Laborism...

This has nothing to do with the Labor Movement, organized labor, the British Labour Party, or going into labor.

American Laborism is a new economic system for managing the entire U.S. and therefore a replacement for capitalism.

American Laborism respects labor in the way that capitalism respects capital.

Labor is in turn respectful of the individual in ways that capital never could be. Capitalism may seem American but is clearly not in the best interest of all Americans.

Capitalism has its merits. But it also has shortcomings, which most obviously led to where we are today, with the largest wealth inequality gap in American history.

It is the goal of American Laborism to fix that...

Therefore, this book is for workable, low-tax capitalism for those who want it and a dignified, healthy, happy, and fulfilled life for everyone at the very least.

I hope to introduce you to an economic system that may sometimes feel familiar and yet also challenges you to believe it is still a dream that could be possible.

I predict that the readers of this book will almost immediately self-segregate into two camps: those who are sure this is an impossible, silly, overly simplistic economic dream, and those who see common sense and perhaps merit in these pages, along with hope for a fair, prosperous, and peaceful future.

Even though this book is meant as an introduction to a new economic framework (which ordinarily would be expected to appeal to a highly educated audience), in this case the ideas are more geared for readers with little to no formal economic background or education.

Readers, however, who do have common sense.

That's simply because American Laborism, as you'll see, is a simple, unassuming, uncomplicated framework that any society could immediately implement. In fact, it's so simple that I've laid out everything you need to know in chapter 1. It is this chapter that will make sense to ordinary people.

Who are these ordinary people?...

Folks who know the value of their own labor and are willing to accept that everyone else's labor has value too.

However, ordinary people are no longer able to influence policy or determine what rules they'll live under, and they are woefully unlikely to regain these luxuries any time soon. Therefore it's necessary to expend numerous further chapters rebutting the "intelligent" arguments undoubtedly held by people who will bemoan the unfairness, poverty, and inequality inherent in our present system while simultaneously adding power to that same system.

It is those people, the most powerful and the best educated, who will, I'm certain, require seventy thousand words to understand what ordinary people will grasp in fewer than two thousand words of chapter 1.

In other words, this book will make sense to people who have common sense... and it will anger, annoy, and befuddle people who believe themselves to have uncommon sense.

So be it.

Read this book with a mind willing to accept that we, as Americans, can have everything we want, while simultaneously ensuring that we all – even the least among us – live dignified, meaningful lives. The answer is here. It's not just possible; it's easy.

Before I present the succinct explanation of American Laborism and the longer explanation for those who can't accept how simple it is, I feel it's important to make something clear.

I'll explain American Laborism in the context of life in the United States of America...

This is simply because I believe America can do this, and frankly, I believe America desperately needs it. If a sufficiently brave politician stepped forth to lead America through the transition to American Laborism, it could be achieved as quickly as laws could be written and regulations changed. As of now, America is not working for Americans.

Sadly, reducing regulations is not something that America can implement immediately without a monumental change like American Laborism, as we are a country that has lately begun to favor bloated laws and immense numbers of regulations. But when I say Laborism could be implemented quickly, I believe it really could be.

After America adopts Laborism, there is no reason that the rest of the world wouldn't immediately follow. And frankly, I would expect that to be extremely rapid, because as you'll see, Laborism would make America so much more efficient, competitive, educated, militarily strong, and low-taxed that no country in the world could compete with it. Their only hope to retain their best, brightest, and hardest-working citizens would be to switch to Laborism themselves.

That is not an outrageous claim!

American Laborism will soon provide the following benefits:

• Low taxes
• Unlimited, lifelong education
• A strong military
• Zero involuntary homelessness, starvation, or malnutrition
• A sound currency, backed by assets such as gold

Most importantly, Laborism will enjoy enthusiastic participation by all citizens of America, be they rich or poor, young or old, liberal or conservative.

American Laborism isn't just a replacement for capitalism. It's an upgrade...

Every human has the right to live a life of dignity, to contribute, and to ensure that their basic needs are respected by their society.

I've made a great living under capitalism... but it has failed us.

American Laborism, however, can improve the lives of every member of our society by bringing upward the least among us without bringing down anyone else.

And when I say that, I mean it locally, nationally, and globally. I'll go into more detail in later chapters. And again, if you find all this impossible to believe, I think chapters 2 to 15 can convince you. Click here to grab a copy of the book with all the details.

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In today's mailbag, thoughts on what the Federal Reserve might be up to, which we wrote about in yesterday's edition... As always, send your comments and questions to feedback@stansberryresearch.com.

"Is accelerating increases in federal borrowing inflationary?

"The first third of Fiscal 2024 ended 31 January with debt now a handful of billions of dollars above $34 trillion, a cool increase of a handful of billions above $1 trillion, a borrowing rate accelerating to over $3 trillion for this fiscal year. That's a cool $36 Trillion DEBT balance right before election day.

"I think the Fed has been reading the Treasury DTS [Daily Treasury Statement, which summarizes cash and debt operations of the federal government] just like I have. They could well be considering a rate INCREASE to cool the economy down... about early fall maybe? Also, [quantitative tightening] continues I believe." – Subscriber Dana G.

"My opinion won't change Fed policy but it seems that with global GDP coming in near or below the IMF's forecasts and with inflation trending down the Fed could have begun cutting rates by at least .25 percent based on the macro trends. Keeping rates at this level might force a recession to materialize and future cuts will be viewed as trying to revive the economy just as China is struggling to do.

"Pressure of higher rates on smaller companies and with layoffs from larger companies to maintain margins is not beneficial for America. The impact on government debt interest service is a huge problem being made worse by higher rates. The entire real estate sector is being put at even higher risk which we've seen turn into a crisis in China...

"We should try to understand how the pandemic was a 'black swan' type of event that we should not try to fix using rates so aggressively. There are many companies which are able to ignore these rate hikes while many other companies are being forced into bankruptcy.

"With this said, [cuts later] will be done for a far different desperate motive rather than rate cuts now while our economy remains resilient. Our markets are basically back to the levels before the hikes. That's why dovish policy now would be a positive step without creating overblown economic concerns. We just saw bond traders creating what it would look like had the Fed cut rates. The market is clearly sending a message to our Fed! Just my humble opinion." – Subscriber Rodger G.

Good investing,

Eric Wade
Los Angeles, California
February 6, 2024