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Elon Musk’s new project could trigger an economic ‘death spiral’

The following content is sponsored by InvestorPlace.

Legendary investor Eric Fry has come to a shocking conclusion.

Legendary investor Eric Fry (Photo: InvestorPlace)

What he calls “Project Omega” — Elon Musk’s latest project – will impact our lives more than any other innovation in history.

Fry knows what he’s talking about. He has spent the last 30 years as a Silicon Valley and Wall Street insider as a broker, entrepreneur, analyst and hedge fund manager.

His investing exploits are nothing short of astonishing. Just a few years ago, he took on 650 Wall Street figures, including billionaire hedge fund legends David Einhorn and Bill Ackman.

When the dust settled, Fry averaged an annualized return of 150 percent, beating the best of the best and winning the competition hands down.

Now he warns against the biggest economic change the world has never seen.

He is not alone. Bill Gates says: “This will change the world.” Bank of America predicts it “could revolutionize everything.” Business Insider reports that he’s “ready to shake up the economy.”

Fry believes this project will eclipse anything Musk has done so far. It will be bigger than PayPal, Tesla and SpaceX combined.

The bad news is that the $15.7 trillion economic shift it brings will devastate millions of Americans, plunging the economy into a never-before-seen “death spiral.” More than 300 million jobs are at stake.

The Brookings Institution says half of all blue-collar jobs will be replaced. Lawyers, accountants and even doctors should also be concerned. CNBC reports that this innovation is on “a collision course with white-collar, high-paying jobs.”

The good news is the technology behind this project could create the next wave of millionaires and billionaires.

Mark Cuban even publicly declared that “the world’s first billionaires will come from someone who masters (this technology).”

According to Fry, those who position themselves on the right side of this change “will have multiple chances to win up to 10 times their money.” Those who do not heed his warning and prepare now could find themselves facing abject poverty.

Fry prepared a special video presentation you can watch here.

He outlines the three steps he recommends you take right away. Watch it and learn how to get ahead and stay ahead of this economic shift before it’s too late.

Click here for more details.


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