| November 15, 2014 | | | | | | | | | A Golden Opportunity in the Mobile Banking Revolution | | | - When in Rome… Why Peter Coyne is carrying around a copy of The Communist Manifesto...
- This week's top posts on our website from Chris Mayer… Bill Bonner… Marc Faber… and Jim Rickards…
- Then, Thompson Clark returns with another massive buying opportunity… this one from a "revolution" that's going completely unnoticed. Read on...
| | | | | | | | If you NEVER plan to retire, ignore this. Because a small group is learning how to slash their time to retirement down to months or even weeks! If you'd like to see what they're learning, just click here for the full story. | | | | | | | | Baltimore, Maryland November 15, 2014 Dear Reader, "I feel like a (troubled) kid who ran away from home but didn't think it through."
That's how Peter Coyne described his initial experience while en route to Cuba, yesterday…
In part, he was referring to his "bare bones" packing job, which included just a handful of items -- namely his camera, a voice recorder and a copy of The Communist Manifesto…
Heh. When in Rome…
As Addison mentioned in yesterday's issue, he and Paul Mampilly -- editor of Agora Financial's FDA Trader -- are currently on an important trip to that "communist mecca" just off the coast of Florida.
We'll update you more on their travels next week -- or as soon as they find a reliable Internet connection...
In the meantime, keep reading below for the best essays and videos from this week's Daily Reckoning website, as well as another special appearance from our investment guru Thompson Clark... This Could Cut Your Grocery Bill in Half It could also help halve what you and I pay for gas and, one day very soon, even prevent you from keeling over with a stroke or heart attack... or from catching cancer too late to get treatment. At least one major source, in fact, calls this not only the "next big thing," but says it could be worth "trillions, not billions, of dollars..." And a highly trusted magazine calls it "the most monumental boom [of its kind] to date..." And this company has recently perfected the tiny little technology that could unleash the entire thing. This Week's 5 Must-Reads Featured on Dailyreckoning.com... 1) There's been a huge increase in excess reserves in the banking system since quantitative easing, causing investors to be on high alert for inflation. But, says Chris Mayer, these inflationary fears are unfounded due to a common misconception about how the banking system really works. Watch this video to learn more… 2) Turns out that the rich are richer than we thought. A recent report shows that the top 1% of Americans control over 35% of the wealth. In the following video, Bill Bonner explains the shocking way central planning contributes to the deepening wealth gap. Click here to watch his exclusive interview... 3) The US dollar is the world's reserve currency. And America benefits directly from that fact. But as Marc Faber explains (by way of billionaire entrepreneur Ned Goodman) that could also be America's greatest weakness, as the US is completely unprepared for the dollar's sudden loss of its reserve currency status. Read the full assessment, right here. 4) In a recent interview with Fox Business, our resident currency maven Jim Rickards discussed the president's recent trip to China - specifically the military and trade agreements that were made and how they will affect the US economy and US investors… Watch the full interview, right here… 5) Thompson Clark launched his investment advisory less than a year ago, but it's already published in four languages and distributed to investors in six different countries. Yesterday, he took on the explosion in biotech companies… Below he takes a closer look at another market sector he thinks is set to explode… and explains how it could make you rich in the very near future. Read on... | | | | | | | | Urgent: Banned A major scandal has broken. It has to do with what we believe to be a conspiracy between the U.S. government and some of the biggest food producers in America. The topic of this story is so controversial, Fox News banned a story on it from being aired… and fired the two reporters who covered it. It's so serious that many will look to IMPEACH Obama for what he's done. This could be the one that finally brings him down. | | | | | | A Golden Opportunity in the Mobile Banking Revolution | | By Thompson Clark | | | The rise of mobile banking can, and will, make you rich. How rich?
Well, when I introduced you to it in July, I told my Microcap Millionaire readers about a pick that could have made them gains of 1,048%. And my opinion hasn't changed.
I explained how this dynamo has pioneered breakthrough technology that's revolutionizing the banking industry by eliminating the need for brick-and-mortar offices. It will allow you to conduct all your banking transactions with your mobile phone.
It could bring the costs of banking transactions from $4.25... down to 10 cents. Just imagine how profitable this technology could be for banks -- and for early investors in the company with a stranglehold on the technology making it possible.
But right now, the market is completely missing the massive upside in this technology. That means one thing to me -- a golden buying opportunity is staring us in the face.
And I'm not the only one who thinks mobile banking is going to be huge.
Leon Cooperman sure thinks it is. Who's that?
Leon is a 71-year-old legend in the money management world. This guy is an absolute machine. He sleeps around 6 1/2 hours a day. The rest of the time, he's working, working, working... and making people rich. A hundred dollars invested with Leon would be worth $2,000 today. | He's the head of Omega Advisors, which manages over $10 billion. Leon's made his investors fabulously wealthy over the years. His flagship fund, Omega Overseas, has delivered market-crushing returns to investors. Since inception in 1992, it's averaged an annual growth rate of 14.6%. Over the same period, the S&P 500 has returned an average of 9.2% per year. A hundred dollars invested with Leon would be worth $2,000 today. That's a return of 20 times your investment. Had you put the same amount in an index fund, your returns would be miniscule. A hundred dollars in the S&P 500 in January 1992 would only bring you to $600, a return of six times. Unfortunately for you and me, we can't invest directly with Cooperman. His fund is private. What we can do, however, is pay close attention to what he likes. And Leon absolutely loves mobile banking right now. I caught an interview with Cooperman recently. In it, he discusses one his favorite stocks. It's Monitise Plc (LSE:MONI), a play on mobile banking. Leon doesn't love mobile banking because it's cool or fun, but because young people are obsessed with phones. And he thinks their obsession is going to make you rich. Let me explain... Cooperman, in his interview, cites Cisco CEO John Chambers: "All the young people want to do everything on their smartphones." Anyway, in Cooperman's view, Monitise is one way to get rich on this shift. I agree. I've never met Cooperman. If I did, I'd certainly pitch my own mobile banking pick to him. Why? Because Cooperman's comments reaffirm my belief that the consumer shift toward mobile banking is coming. And sooner, rather than later. I'm convinced that banks will begin shutting down their branches to cut costs. They'll shift the customer more and more to the smartphone. That's where the American public will eventually do all its banking -- including depositing checks. And that's why a few stocks in this sector could make you rich in the months and years ahead. Happy investing. Regards, Thompson Clark for The Daily Reckoning P.S. The pick I shared with my Microcap Millionaire readers is still very cheap. In fact, I think the stock is conservatively worth almost twice where it sits today -- and in the long run I'm still confident on that 1,048% figure I mentioned above. To learn more about this unique stock and every other great pick in my Microcap arsenal, click here right now. But hurry... The doors to this offer to my elite service close promptly at midnight tomorrow, and I don't know when they'll be open again. To ensure you have access to the biggest possible gains, click here now and get in before time expires. | | | | | Thompson Clark is a former Wall St analyst at Sidoti & Co in New York focusing on micro-cap companies. Before joining Agora Finanical he also worked for Deloitte and Euro Pacific Capital. | | | | | | | BE SURE TO ADD dr@dailyreckoning.com to your address book. | | | | | | Additional Articles & Commentary: Join the conversation! Follow us on social media:
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