Author Nomi Prins, former managing director of Goldman Sachs Asset Management and a renowned author on the financial markets, presents her latest work “The Great Distortion” where she investigates how corporate titanism has been found to be at the root of many distortions that have afflicted society in recent years. She calls for decisive action from government regulators in order to address these issues before it is too late.
Nomi Prins explored “America’s Great Distortion” in a recent video presentation titled “Warped Beyond Repair” on the Rogue Economics website.
This is the “most significant story in the financial world,” according to Prins.
In a nutshell, the presentation revolves on a “distortion” between the “financial economy” and the “real-world economy,” which, according to Nomi Prins, might benefit some “beyond their wildest dreams” while putting others in a “kind of permanent underclass.”
She also revealed in a study titled “The #1 Company for America’s Great Distortion” a stock she predicts would “double or quadruple in the next several years.”
To get access to that report and learn which stock she’s teasing, you’ll have to pay $49.00 to join Nomi Prins’ advice service, Distortion Report.
So I dug further into the hints she dropped throughout her presentation, and in this piece, I’ll show you which stock I believe she’s positive on.
I’ll also give you a rundown of the Distortion Report service so you can determine whether or not it’s worth paying. But first, let’s dissect Nomi Prins’ forecast of the “Great Distortion.”
What Is “The Great Distortion,” and What Does It Mean?
Nomi Prins revealed to Chris Hurt, the person interviewing her, that The Great Distortion is “the largest transfer of wealth in history” during her Rogue Economics lecture.
She went on to say that there are two sides to it.
On the one hand, Prins claims that you may benefit from this “distortion” by increasing your wealth. On the other hand, you may choose to ignore it and risk losing out on a once-in-a-lifetime chance.
“The Great Distortion is the largest wealth shift in history…
You may either utilize it to exponentially increase your fortune…
You may choose to disregard it… “Wait for a’return to normal’ and you’ll lose out on this once-in-a-lifetime chance to generate money.”
According to Prins, the “wealth shift” is due to a “huge financial distortion” that she thinks we are experiencing.
She used one chart in particular as a “great illustration” of the sort of distortion she’s talking about throughout her presentation. The graph “shows how far the financial world has wandered from reality” since 1971, according to Nomi Prins.
rogueeconomics.com is the source of this image.
What does the graph represent?
The top line symbolizes the “finance economy,” while the Conclusion represents the “real-world economy,” according to Nomi Prins.
“Our financial economy’s expansion is represented by the top line… The financial district of Wall Street… The so-called ‘elites’ of Silicon Valley
The Conclusion is our wage growth, or what you would call the real-world economy.”
In 1971, what happened?
That is, believe it or not, an issue that many people (especially in the gold and bitcoin area) have been debating for years. In fact, there’s a website called wtfhappenedin1971.com devoted to delving further into this issue.
To summarize, the broad agreement seems to be that productivity has increased since 1971, while inflation-adjusted salaries have stayed unchanged. And many (at least among the folks I follow) blame it on the way the United States abandoned the gold standard in 1971.
Of course, there are many perspectives on the causes and effects of abandoning the gold standard, but that’s the core of it.
So, what does Nomi Prins think about it all?
Prins discussed how, after President Nixon removed the United States from the gold standard in 1971, “an explosion of fresh money surged into the economy.”
She further said that this “disrupted the US currency” and caused many people to lag behind while the “financial economy” (also known as Wall Street and Silicon Valley) grew.
Nomi Prins explains it this way:
“However, most people are unaware that 1971 was a watershed event in history.
When it comes to our money, it’s almost like the dividing line between ‘B.C.’ and ‘A.D.’
Since then, the world has never been the same.
Since that time… the so-called “Nixon Shock”…
Regardless of how much we try…
Regardless of how much money we save…
Regardless of how cautious we are with our investments…
The vast majority of individuals have fallen behind.
And I’m afraid that for many Americans, things are just going to get worse…”
Prins also discussed how “money printing” (also known as quantitative easing) has only increased since 2008, and how the money isn’t being distributed equitably across the economy. Instead, she claims that it’s “piling up” on Wall Street.
So, what does she have in store for us?
In other words, according to Nomi Prins, this “$150 trillion distortion” will benefit some while leaving others “trapped in a type of perpetual underclass.”
“Look, the basic reality is that this $150 trillion distortion is disrupting every aspect of our lives in ways that most people can’t even understand.”
Some people’s lives might be transformed beyond their wildest imaginations…
While the rest of the world will most likely be left behind, trapped in a kind of perpetual underclass.”
I believe it is reasonable to assume that the majority of us would want to fall into the first group (potentially benefiting from all of this). And, as far as I can tell, that’s where the second half of Prins’ forecast about what the Fed could or might not do next comes into play.
If you’ve been paying attention to the markets recently, you’ve probably heard how the Fed has been increasing rates (and may continue to do so) while winding down the “printing press.” That’s not exactly optimistic for equities, which might explain why we’ve seen a recent downturn.
However, Nomi Prins does not seem to believe that this tendency will continue…
“You see, the mainstream press believes the Federal Reserve will cease producing money in order to keep inflation under control…
They’ve gotten it utterly wrong again again…
In actuality, just the opposite is going to occur.”[…]
“According to my study, the Fed won’t be able to increase rates high enough to end inflation… and they won’t stop printing.”
I’m not sure whether she’s correct, incorrect, or somewhere in between. I’ve given up attempting to foresee the future since I’ve found it to be very difficult (lol).
But, in the end, Nomi Prins feels that this so-called “distortion” may help some while harming others. And she mentioned one stock in particular in her presentation, which she believes “may easily double or quadruple in the next three years.”
I’ll show you what I believe she’s teasing in the following segment.
Nomi Prins’ “#1 Stock for America’s Great Distortion”: What Is It? (Revealed)
Nomi Prins does not identify her stock choice in the presentation, as previously stated. Instead, she reveals the information in a study titled “America’s Great Distortion: The #1 Stock.”
And the only way to access that report is to sign up for her Distortion Report advice service, which costs $49.
But I believe I’ve figured it out thanks to her hints.
Prins’ first hint was that her chosen company is a “little business” in the energy sector, which she argues is one of the most affected by “America’s Great Distortion.”
“I don’t want anybody to be left out.” That’s why I’ve condensed the main ideas into a special report to offer today’s viewers my preferred method of profiting from the $150 trillion wealth shift.
I’ll show you inside all the minutiae of a little business that has the potential to disrupt one of the world’s most important sectors.”[…]
“However, the energy business, which is valued more than $2 trillion, is one of the most significant industries undergoing transformation as a result of America’s Great Distortion.”
Following that, Prins claims that the “New Energy” trend is unavoidable, and that numerous Wall Street institutions hold her favorite “New Energy stock.”
“In my special report, The #1 Company for America’s Great Distortion, I’ll reveal you my favorite ‘New Energy’ stock, which is held by almost every major Wall Street institution…”
What could it possibly be?
It’s not a solar or wind energy firm, according to Prins, but rather a “cutting-edge IT stock inside the energy industry.” She also gives insights about the company’s clients, patents, and accolades.
“This business already has 76 percent of Fortune 50 corporations as clients…
Its rapidly expanding patent portfolio offers it a significant competitive edge… Goldman Sachs, the World Economic Forum, CNBC, and others have recognized the company’s technology.”
None of them, however, were extremely convincing.
As a result, I kept digging.
And it was a comment she posted from Motley Fool about how the firm “may be a 10-bagger” that drew me to her choice. And after “Googling” the title, I found this Motley Fool article on a startup named ChargePoint (ticker: CHPT).
I next examined to see whether ChargePoint corresponded to Prins’ other hints, which it did.
What exactly does this business do?
ChargePoint is a California-based electric car infrastructure firm that maintains the world’s biggest network of electric vehicle charging stations.
I can only conjecture on whether it’s a good investment, but the article I just linked to would be worth reading if you’re interested in learning more.
You can also read Nomi Prins’ “America’s Great Distortion” report, which has all of the facts on her choice and why she is optimistic.
However, you may not want to subscribe to the Distortion Report merely to hear about Nomi Prins’ stock choice. So, in the following part, I’ll give you an overview of the service to help you decide if it’s worth paying or not.
What Is the Distortion Report, and What Does It Mean?
Rogue Economics publishes the Distortion Report, a monthly financial newsletter produced by Nomi Prins. The business attempts to help users “benefit from the divergence between the markets and the actual economy,” according to the Rogue Economics website.
Nomi Prins shares her current financial analysis and suggestions with email readers once a month. Her active recommendations are also visible in the model portfolio, as well as research reports on the firms she advises.
The standard fee for Distortion Report is $199, but it’s been cut to $49 for individuals who join via the “Warped Beyond Repair” presentation we covered earlier in this piece, according to Nomi Prins. This promotion also includes the following reports:
- 10x Gains on a Small Firm Disrupting a Critical American Industry: The #1 Stock for America’s Great Distortion
- The Electric Car Myth: The Secret to Making 23x More Money in EVs
- The Virtually Unknown Firm Transforming the $11 Trillion Financial Industry in the Next 12 Months is Bank to the Future.
Prins’ top “Great Distortion” stock recommendation is detailed in the first report. And, as I previously said, I think it is ChargePoint, so I won’t go into detail on that.
What about her other two choices, though?
The second story goes into depth about a corporation that, according to Nomi Prins, “holds the key” to allowing electric vehicle and EV charging companies to function. “The electric car sector just cannot survive” without the product this business produces, she claims.
She doesn’t mention much further about this firm other that it doesn’t deal in commodities like nickel or lithium, which is unfortunate. So I have no idea what it is.
With her third stock choice, it’s a same tale.
Prins offers nothing about her third choice other than the fact that it’s a fintech firm that “may become one of America’s first government-accepted stablecoin networks.”
So, if you want the most up-to-date research and stock choices from Nomi Prins, including the picks in the reports I just described, you’ll have to subscribe to her Disruption Report service.
Is it true?
I haven’t joined the service, therefore I can’t comment on its value based on my experience. Rogue Economics, on the other hand, is a legitimate financial publishing organization, and Nomi Prins, as I’ll demonstrate in the following part, is a true economic and investment specialist.
As a result, I do not believe the service is a rip-off. The only thing I’ll say is that it’s unclear if you may obtain a cash refund or a refund credit under the return policy. While the program costs $49 to start, the Rogue Economics purchase page indicates that it will renew for $129 after a year.
Who is Nomi Prins, and what is her story?
Nomi Prins is an economist, geopolitical finance specialist, and investigative journalist with a PhD in International Strategic Studies, according to nomiprins.com.
Prins worked at Goldman Sachs, Bear Stearns, Lehman Brothers, and the Chase Manhattan Bank before founding Rogue Economics.
It’s unknown when she became an investigative journalist, but according to her Rogue Economics biography, she did so “to shine light on the ways financial institutions are exploited to promote the interests of an elite few at the detriment of everyone else.”
She’s also a best-selling author who’s written a number of books on finance and economics.
“Collusion: How Central Bankers Rigged the World,” is her most recent book.
And, according to Prins, she’ll be publishing a new book this fall called Permanent Distortion: How the Financial Markets Forever Abandoned the Real Economy (autumn).
Aside from that, Nomi Prins manages Rogue Economics’ main advisory, Distortion Report, and writes a free daily e-letter called “Inside Wall Street With Nomi Prins.”
I’m not sure how well her stock choices have performed over time since she didn’t mention it in the presentation unless I missed it. However, it seems that Distortion Report is a very new service, which might explain why.
In any case, my study indicates that she is a true expert, particularly on the areas she mentioned in the presentation. While there’s no assurance you’ll profit from her investing suggestions, you may find her advice useful.
Nomi Prins’ most recent presentation (named “Warped Beyond Repair”) discussed “America’s Great Distortion” and hinted to three equities in which she is positive.
To summarize, Prins argues that there is a “distortion” between the financial and real economies. And she believes that as a result, some individuals would get affluent while others will remain trapped and fall behind.
In terms of stock selections, the first one she’s teasing (also known as her “1 Stock for America’s Great Distortion”) looks to be ChargePoint, based on her hints. But, since she didn’t say anything about her other two choices, I’m not sure what they are.
In any case, the best way to find out what Nomi Prins’ recommendations are and to obtain her analysis on each firm is to sign up for her Disruption Report service.
Whatever decision you choose, I hope you found this article useful. And, if you have any thoughts on any of this, please do so in the comments section below.