I’ve received several emails from Stansberry Research lately, and one of them led me to a presentation by Dr. David Eifrig about what he refers to as a “financial lockdown.”
According to David Eifrig, he’s hoping the presentation will serve as a “final wake-up call” to Americans about what he sees as “one of the greatest inflationary periods” the U.S. has ever seen. And to share his “four-step plan” of protecting and growing your wealth.
Is it the real deal?
In the presentation, Dr. David Eifrig makes some concerning statements about inflation and a collapsing currency; the whole thing was quite “gloomy.” But he does make some good points, and either way, the service he’s promoting, Retirement Millionaire, is legitimate.
In this article, I’ll walk you through the main thesis behind Dr. Eifrig’s presentation and show you what’s involved with the “solution” he’s selling to help you decide if it’s worthwhile.
David Eifrig’s “Financial Lockdown” Prediction
The “financial lockdown” presentation begins with Dr. David Eifrig sharing a story about a soldier named Rick Rescorla and his experience during September 11, 2001.
In short, he described how Rick Rescorla was the director of security for Morgan Stanley at the time and how he led thousands of Morgan Stanley employees to safety.
Dr. Eifrig then talks about the “denial and procrastination” phase people go through during times of crisis and says one of the ways Rick Rescorla was able to help so many Morgan Stanley employees is that he helped them “push through the denial phase quickly and spring into action.”
He then likens 9/11 to what’s going on in America right now due to inflation and currency debasement and says he wants to break people out of the denial and procrastination phase.
Today, in my own humble way, I want to do for you what Rick Rescorla did for thousands of Morgan Stanley employees – I want to break you out of the “denial and procrastination” phase.
I want to spur you to action.Dr. David Eifrig (source: stansberryresearch.com)
I’m not sure I agree with using a story of such bravery, during a time of crisis like 9/11, as part of a promotion for an investment service. But that’s how Dr. Eifrig introduces the presentation.
He then talks about one of the most widely discussed topics of 2021, inflation, and how prices for virtually everything are going up. From cars, homes, and food to electricity, healthcare, and commodities. And how this is what will lead to a “financial lockdown.”
America is about to experience one of the greatest inflationary periods in our nation’s history.
And make no mistake about it: Inflation will push millions of Americans down… out of the middle class… out of private retirement… out of private health care… and out of a decent life based on independence and privacy… into a collectivist nightmare I call:
According to Dr. Eifrig, the “financial lockdown” is “what happens when people are trapped by their own collapsing currency and their own deeply indebted government.”
And while the presentation might be a bit over the top, the fact is inflation is rising. And rising inflation does lead to a reduction in the purchasing power of currencies like the U.S. dollar.
This is a complex and nuanced topic, but rising inflation essentially means the purchasing power of your money declines over time.
This has been happening for decades, so it’s nothing new. It’s just that now, due to all the “money printing” and government spending, inflation appears to be accelerating.
All the while, as Dr. Eifrig points out, many people think they’re getting wealthier because, along with the cost of living, the prices of assets like real estate and stocks are going up.
This, as David explains, is often referred to as Money Illusion – when people measure their wealth in dollar terms rather than in “real” terms by taking inflation into account. He says this creates a frenzy of gambling, hoarding, and speculation and says this is what’s going on right now.
You see, the Money Illusion inevitably creates a frenzy… encouraging massive gambling, hoarding, and speculation… as everyone attempts to keep up with the “get rich quick” stories reported in the press.
Some of the examples of “gambling and speculation” in America that Dr. Eifrig cites include the rise of stock market speculation, the NFT craze, and the latest “trophy trees” trend.
Dr. Eifrig essentially sums it up by saying we are at the beginning of a “New Inflationary Era,” one that could cause all sorts of problems, especially for those in retirement.
I believe we’ll have an extraordinary retirement crisis… as money, funds, and programs retirees are counting on today (such as IRAs, 401(k)s, insurance policies, annuities, pension plans, etc.), all collapse in REAL value.
Despite the “doom and gloom” nature of the presentation, there is truth to what Dr. Eifrig says concerning the impacts of inflation and monetary debasement.
This is a subject I’ve spent a lot of time learning about over the past few years, and while I’m not sure I agree with everything he says, he does a great job of breaking this topic down.
And when he’s done talking about the problem, he introduces the “solution” to all of this, a “four-step plan” he created to help you protect and grow your wealth.
So let’s take a look at what that’s all about.
What’s Dr. Eifrig’s “Four-Step Plan” About?
One of the ways the Federal Reserve has fought inflation over the years is by raising interest rates. And as Dr. Eifrig explains, this is what Paul Volcker did when he raised the federal funds rate to 22.36% in 1981.
However, as Doc points out, interest rates are unlikely to rise this time due to the high level of debt in the U.S. and because most people are likely to favor more stimulus and looser monetary policy over the short-term pain of raising interest rates, even though that could be the solution.
The sad truth is, Americans are no longer willing to suffer any short-term economic pain. So there will be huge calls for even more bailouts, more debt and stimulus, which will only make the problem worse.
So, according to David Eifrig, what is the solution?
Similar to what Andy Snyder does in his “Death of Cash Prosperity Kit” presentation, Dr. Eifrig shares a number of “steps” you can take, which coincide with a special report he’s created. And to access those reports, you need to join Retirement Millionaire for $49.
All told, there are four “steps,” and each step involves reading a report:
- Step 1: New Era Playbook (report)
- Step 2: The Perfect Inflation-Era Portfolio (report)
- Step 3: The 100% Stock Boost (report)
- Step 4: The Two Most Valuable Assets In a Time of Crisis (report)
The first step is to read the “New Era Playbook” report, which is all about navigating the “New Era of Inflation” Dr. Eifrig talked about earlier in the presentation.
The second step involves reading “The Perfect Inflation-Era Portfolio” report, which shows you how Dr. Eifrig recommends structuring your portfolio over the next few years.
Third, The 100% Stock Boost report shows you Dr. Eifrig’s “proven strategy for maximizing the gains on every investment you make.”
And lastly, in a report titled “The Two Most Valuable Assets In a Time of Crisis,” David Eifrig talks about two assets that he says are the most valuable assets in a crisis. And it seems as though at least one of these recommendations isn’t gold or bitcoin.
All in all, these four reports represent the “four-step plan” Dr. David Eifrig says can help you protect and grow your wealth during what he refers to as the coming “financial lockdown.”
And to access these reports, you need to join Retirement Millionaire. So let’s take a look at what this service is all about and how it works to help you decide if it’s worthwhile.
What Is Retirement Millionaire?
Retirement Millionaire is an investment advisory service run by Dr. David Eifrig and published by Stansberry Research that’s aimed at helping subscribers enjoy a more prosperous retirement.
You can see my full review of Retirement Millionaire for the full story, but this advisory is basically about helping you “live a millionaire lifestyle” with less money during retirement.
And to help you achieve this, Dr. Eifrig shows you how to generate income and grow wealth through the stock market while also showing you ways to save money.
For example, he recommends stocks he thinks are worthwhile, shows you how to boost your 401(k) or IRA potentially, and gives you tips on making your money go further.
So it’s essentially a resource that helps you plan and manage your retirement. The idea is to learn from Dr. Eifrig and the team at Stansberry Research through the monthly newsletters, reports, and other resources you get as a subscriber and decide what recommendations to follow.
Stansberry Research doesn’t provide a full track record of how well this service has performed since its inception. Still, as I explain in my full review (linked to earlier), Dr. Eifrig has recommended some great stocks as part of this service over the years.
What do you get if you sign up for Retirement Millionaire?
The main feature of the Retirement Millionaire advisory is the monthly newsletters that are sent out to subscribers via email on the second Wednesday of every month.
Each newsletter contains insights, market analysis, retirement tips, and specific recommendations from Dr. David Eifrig and the team at Stansberry Research.
On top of that, you get access to the model portfolio, updates on the recommended positions in the model portfolio, and some bonus reports if you join through the “financial lockdown” presentation.
Specifically, you get the four special reports I mentioned earlier, a full “library” of other Stansberry Research reports, and a copy of Dr. Eifrig’s book – Retirement Secrets.
How much does it cost to join?
There are two membership options with Retirement Millionaire:
- Standard ($49): This gives you access to the Retirement Millionaire newsletter, portfolio, and bonus reports I just mentioned.
- Premium ($79): This gives you access to everything in the Standard membership, as well as four other bonus reports and access to Stansberry Innovations Report, a separate advisory service, for 12 months.
Worth noting is that Retirement Millionaire automatically renews at $199 per year, regardless of which membership option you choose.
Are there any guarantees in place?
There are no guarantees you’ll make, or save, money by following Dr. David Eifrig’s recommendations. Even though Dr. David Eifrig is a real investing expert, he can’t predict the future, so the reality is anything can happen.
That said, there is a 30-day money-back guarantee in place so you can essentially “try” the service for a month and, if you don’t like it, request a full refund.
Who Is Dr. David Eifrig?
Dr. David Eifrig, Jr (commonly referred to as “Doc”) is a medical doctor, former Goldman Sachs investment banker, and one of Stansberry Research’s most respected analysts.
Before joining Stansberry Research, Doc spent over a decade on Wall Street and, after deciding it wasn’t for him, he went into medicine and founded a biotech company.
From there, he joined Stansberry Research, a popular financial education company, and runs three advisories – Retirement Millionaire, Retirement Trader, and Income Intelligence.
Retirement Millionaire is the lowest cost service he runs, whereas Retirement Trader is the most speculative, and Income Intelligence is all about generating investment income.
He also runs a blog called Health and Wealth Bulletin, where he shares his insights on health, wealth, and retirement for free.
The “Financial Lockdown” presentation was quite “gloomy,” Dr. Eifrig more or less states that inflation is skyrocketing and that the consequences could be devastating.
I believe these inflationary changes and Financial Lockdown are now unstoppable… and could potentially destroy everything that remains uniquely American in our country.
Including your independence, your liberty, and your dignity.
As alarming as his message is, he does make some good points. For example, what’s going on with quantitative easing (AKA money printing) and fiscal stimulus is unprecedented.
At the same time, however, it’s worth keeping in mind that the whole “financial lockdown” thing ultimately acts as a promotion for Retirement Millionaire.
So it might pay to take some of it with a pinch of salt.
The other point I want to make is that, even though I do agree with many of Dr. Eifrig’s points about inflation, there’s a strong case to be made about technology causing deflation longer term.
I first learned about this phenomenon through a book by Jeff Booth called “The Price of Tomorrow,” and I found his take to be a real eye-opener.
In the book, Jeff shows you how, on the one hand, we have inflationary forces from central bankers and the government, as Dr. Eifrig says. But on the other hand, we have hugely deflationary forces coming from technology in the real economy.
Here’s a video I found where Jeff explains this better than I could:
With all that being said, I found Dr. Eifrig’s presentation to be informative, and I do think his Retirement Millionaire advisory service could be worth checking out if you want to learn about his recommendations for creating a better retirement.