Nomi Prins of Rogue Economics has released a new presentation about a “strange force in America,” which she says is “slowly robbing the savings and freedoms of millions of Americans” as it shifts wealth from the middle class to the rich.
And in the presentation, Prins teased a company that she believes could “soar in the months ahead” as it benefits from the “switch to new digital decentralized banking.”
“And what I’ve found – it’s astounding.
“One company stands at the intersection of this distortion… and the switch to new digital decentralized banking.
“And my research indicates this stock is poised to soar in the months ahead.”– Nomi Prins (source: https://secure.rogueeconomics.com/?cid=MKT650985&eid=MKT652859&assetId=AST251196&page=2)
What “strange force” is Nomi Prins talking about?
And what company is she teasing?
Let’s find out!
De-Teasing Nomi Prins’ Presentation: Impending $40 Trillion Transfer of Wealth?
Nomi Prins’ presentation centers around the idea that there’s a “strange force” in America that she claims is “shifting wealth from the middle class to the rich.”
And according to Prins, no one can stop it.
“No one can stop this impending $40 trillion transfer of wealth from the middle class to the rich.
“Not the President, Congress, the Supreme Court, or anyone else.
“Today, this group of unelected officials literally OWNS our entire financial system.”
What’s she talking about?
The “strange force” Prins is referring to is the Federal Reserve:
“This strange force in America is, The Federal Reserve.
“It’s America’s central bank.
“The world’s most powerful financial entity, the one group that has been manipulating our economy and stock market for decades.”
Long story short, Prins talked about how the Fed is essentially printing money, which she believes has boosted the value of assets the rich already own (like stocks and real estate) while the poor and middle class have “held flatlined wages since 1980.”
In other words, she believes that the rich are getting richer and the poor are getting poorer due to the Federal Reserve’s money printing regime.
And she refers to this phenomenon as a “Permanent Distortion”:
“That astonishing gap between the rich and middle class…
“This is what I call a ‘Permanent Distortion'”
As for the “$40 trillion transfer” part of Nomi Prins’ pitch, she’s referring to how there’s roughly $40 trillion in physical money in existence globally.
And she talked about how all this cash, and potentially even national banks, could soon be replaced by a central bank digital currency (aka CBDC).
“You see, there’s over $40 trillion in cash circulating around the world, right now.
“Little does anyone know; we are on the verge of a financial shock that could soon replace all that physical cash in the world, with a digital counterpart.”
“This new Central Banking Digital Currency could phase out our national banks like Wells Fargo, Bank of America, and more – making a lot of their services obsolete.”
Long story short, the presentation suggested that a CBDC (which some suggest is essentially the Fed’s version of a cryptocurrency) could lead to increased centralization, enhancing the government’s ability to monitor and control how people spend their money.
And Nomi Prins believes that the Fed could use a digital currency to “help loan tens of trillions to Wall Street,” propping up the stock market in the process, which she suggests could essentially lead to a further widening of the wealth gap.
“The Fed will soon use their digital currency to help loan tens of trillions to Wall Street to continue propping up the stock market for the wealthy.
“The rich will continue to win…
“And unprepared Americans will be forced to become ‘the new rich’ or ‘the new poor’.”
What’s the solution to all of this, according to Prins?
During the presentation, Nomi Prins recommended five “steps” we could take to potentially get ahead of the so-called “permanent distortion” she’s predicting.
The first step relates to bitcoin:
“For one, I want to make sure everyone owns a small stake in Bitcoin [BTC].
“Now before anyone goes jumping out of their seats, yes, I understand we’ve hit a recent price correction in Bitcoin.
“But that’s what makes this such a great starting investment.
“Because we is in what may be the best buying opportunity we’ve ever seen since its first bull market in 2017.”
Why is Nomi Prins bullish on bitcoin?
Here’s how she puts it:
“… bitcoin shields from the power-hungry habits of the Government – it’s untouchable – Bitcoin lets you ‘opt out’ of the centralized control
“There’s a maximum of 21 million bitcoin in supply – it cannot be printed and manipulated like the U.S. dollar.
“And as the Fed continues to feed the rich… Bitcoin adoption only continues to explode.”
If you’re a regular reader, you may know that I’m very bullish on bitcoin (long term), which is why I hold some. And aside from its hard-capped supply and proof of work consensus mechanism, one of the reasons I believe bitcoin is a superior store of value is its decentralized nature. In other words, since nobody owns or controls bitcoin, a centralized organization (or person) can’t come along and print more of it.
There’s a lot more I could say about bitcoin, as it’s something I’ve become passionate about in recent years. But this isn’t about me, and bitcoin wasn’t the only thing Prins recommended in the presentation.
Here’s a summary of the other “steps” she recommended:
- Step two of Nomi Prins’ recommendation involves reading a report called “The #1 Stock For America’s New Era: How to Collect a 500% Return As History’s Biggest Wealth-Shift Dominates The Nation,” and I’ll discuss this pick in detail in the next section.
- Step three involves a report called “Two Blockchain Plays Powering The Future of Global Finance.” Prins didn’t share many clues at all about these two picks, so I’m not sure what these companies are.
- Step four is to watch a video series called “The ‘New American Era’ Masterclass,” where Nomi Prins breaks down her views on the financial system, economy, and markets.
- And the fifth step is all about joining her service for $49 called Distortion Report, which is the only way to get access to the reports and video series I just mentioned.
So with all that said, let’s look into Nomi Prins’ “new era” pick.
What “#1 Stock For America’s New Era” Is Nomi Prins Teasing? (Revealed)
Nomi Prins didn’t reveal her pick in the presentation, but she did drop quite a few hints about it, which made it pretty easy to figure out what company she was teasing.
The first clue she shared was about who’s invested in the company:
“First off, the world’s elite are diving in with both feet:
“The Vanguard Group who manages $8 trillion in assets, just bought 32 million shares of this stock.
“Blackrock the world’s biggest asset manager just acquired 24 million shares…
“Billionaire Jack Dorsey who founded Twitter is in for 48 million shares.”
Second, Prins dropped some hints about the company’s earnings:
“Even better, this stock is one of the few in the market to actually pull in profits, quarter by quarter…
“To the tune of nearly $1.3 billion in profits.”
And lastly, she described the company as a “decentralized bank” and shared a CNBC quote about the company, which is a very specific clue:
“One company stands at the intersection of this distortion… and the switch to new digital decentralized banking.
“And my research indicates this stock is poised to soar in the months ahead.
“It was recently touted on CNBC as the decentralized ‘Bank of The Future’
“John, this stock could become one of the biggest decentralized banks in the world.
“Breaking the bounds of traditional banking and giving power back to the everyday man and women.
“Mizuho, one of the biggest banks in Tokyo, said buying this stock now could be like buying J.P. Morgan back in 1871.”
What could it be?
The biggest giveaway for this one was the Mizuho quote. In short, that clue led me to this CNBC article about Square, which is now known as Block Inc. And it didn’t take long to see that the other clues Prins shared line up with Block, too.
For starters, the clues about how many shares Vanguard Group, Blackrock, and Jack Dorsey (the company’s founder) own all match what Prins said as of writing (approximately).
Second, Block reported a gross profit of almost $1.3 billion in the last quarter (Q1 2022).
And third, Block is a California-based financial services and digital payments company that was founded by Jack Dorsey in 2009. And through Block, Dorsey is setting up a bitcoin mining operation and creating a new bitcoin cold storage wallet. So the company itself fits the general description Nomi Prins gave in the presentation.
Therefore, I believe Nomi Prins’ “#1 Stock For America’s New Era” pick is Block Inc (ticker: SQ) because it matches the clues she shared in the presentation.
As for whether or not it’s a good investment, I’ll leave that for you to decide.
Personally, I’ve had my eye on this company for a while now. Mostly because I think Dorsey is a great entrepreneur who really “gets” bitcoin, and as I said, I’m very bullish on bitcoin. So while I’m not currently an investor in the company, Block is on my shortlist.
Please don’t take that as a recommendation on what you should do, though. I don’t have a crystal ball, nor am I an “expert” stock picker. I just enjoy researching this stuff and sharing my opinion. What you decide to do is entirely up to you.
Either way, if you want to see what company Nomi Prins is teasing for sure, and get all of the details about her recommendation, the best thing to do would be to see the report she’s put together called “The #1 Stock For America’s New Era: How to Collect a 500% Return As History’s Biggest Wealth-Shift Dominates The Nation.”
How do you access that?
The only way to access the above report is to join her service, Distortion Report. So let’s take a look at what that’s all about now, in case you’re considering joining.
Recommended: Go here to see my #1 rated stock advisory of 2023
What Is The Distortion Report?
Distortion Report is a research service headed up by Nomi Prins, an economist and former Goldman Sachs banker turned stock picker.
According to the presentation, Nomi Prins was “disgusted with how Wall Street uses its power to manipulate markets,” and at some point, became an investigative journalist.
She has also authored numerous finance-related books, and today, Prins runs the Distortion Report service for a publishing company called Rogue Economics.
This is a fairly new service and one I only recently learned about when looking into a similar presentation she released about her “Great Distortion” pick. In short, that presentation focused on a similar topic, but instead of Block, she teased an EV charging company.
And the link I just shared takes you to the post I wrote about it.
Anyway, I’m not a member of Distortion Report, but the gist is that it’s a monthly stock advisory that costs $49 to join (for the first year) and gives subscribers access to her latest recommendation and insights each month.
Here’s how Nomi Prins describes the service:
“Every month readers will get my #1 play to (not only) keep their wealth protected from market distortions… but also walk away with new wealth.”
Aside from stock picks, subscribers get the reports and videos I mentioned earlier and other resources, like access to a member’s website and updates on her picks.
Is it worth it?
Distortion Report is a new service, and I’m not a member of it, so I don’t know how well it has performed. But Prins appears to be a genuine expert when it comes to geopolitics and macroeconomics, so it may well contain some worthwhile insight.
Update (October 2022): Since publishing this article, I decided to join Nomi Prins’ Distortion Report service to see if it was worth it or not, and I put together a full review detailing my experience.
Nomi Prins’ latest presentation is all about the Federal Reserve and the impact she believes its policies have had (and could have) on the market and economy.
The topic of “money printing” is very nuanced, and there is debate over whether or not things like quantitative easing (QE) cause inflation or not.
But the simple reality, at least from my understanding, is that QE leads to lower interest rates, which in turn leads to more speculation in risk assets. It also lowers the cost of government borrowing, which can therefore incentivize increased fiscal stimulus (i.e., “stimmy checks”). And together, those things can be inflationary.
So my point is that, despite the “doom and gloom” and conspiracy theory-ish elements of the presentation, Nomi Prins’ made a compelling case for what is going on now and what could happen in the future should a digital dollar be introduced.
That said, it’s probably a good idea to take the presentation with a pinch of salt because, at the end of the day, it’s a sales pitch for a service.
And, of course, as with any service, there’s no guarantee you’ll profit from her recommendations, no matter how compelling they might be.
Anyway, that’s my take.
I hope you found this helpful, and thanks for reading!