The Dirtiest Secret on Wall Street: Why They Won’t Let You Get Rich

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of renowned author and former Wall Street insider, Nomi Prins. Every day, Nomi shines a light on a massive wealth transfer she calls The Great Distortion. That’s the true cause of the permanent disconnect she sees between the markets and the real economy. And she shares ways you can come out ahead, if you know where the money is flowing. You’ll find all Nomi’s Inside Wall Street issues [here](. If you have questions or comments, send Nomi a note anytime [here]( or at feedback@rogueeconomics.com. Nomi’s Note: For this week’s guest edition, I’m handing the reins to my colleague Teeka Tiwari. Like me, Teeka got his start on Wall Street at an early age. And today, he’s warning about an event he calls the “Next Lehman.” You can find out more at a [special briefing he’s holding on Wednesday, November 16, at 8 p.m. ET.]( Until then, read on to learn more about Wall Street’s dirty little secret… --------------------------------------------------------------- The Dirtiest Secret on Wall Street: Why They Won’t Let You Get Rich By Teeka Tiwari, Editor, Palm Beach Daily [Teeka Tiwari] “Why doesn’t Wall Street want me to be rich?” It’s a question I often hear from readers. And it’s the same question I had as a naïve 18-year-old kid starting on Wall Street. If you’re not familiar with my story, I came to the United States in 1987 when I was just a teenager. Like tens of millions of immigrants before me, I arrived in New York with nothing but the clothes I was wearing, not much money in my pockets (just $150), and a head full of dreams. By the time I was 18, I had wrangled an introduction with a hiring manager at Lehman Brothers named Frank, who wouldn’t hire me… until I said I’d work for free. Let me repeat that: I told him I’d work for free. [Featured: Do Recession-Proof Stocks Exist???]( I knew the education I’d receive at Lehman would transform my financial life more than any university. Frank liked my drive and decided to give me a shot. And he even agreed to pay me… a whopping $4 an hour. I didn’t care about the money. I was ecstatic to have my foot in the door. I started as an assistant for a big-time broker who was like a mentor to me. But in reality, I was a glorified gopher. I was getting the coffee, the dry-cleaning, the food orders, etc. I never complained, and I soaked in all the knowledge I could… And much to my mentor’s surprise, I aced the Series 7 brokers exam. I also learned a few “dirty” secrets on Wall Street. And one was behind my decision to leave. Recommended Link [30-Second Demo Reveals Why This $4 Company Is A Better Investment Than Tesla]( [image]( Tesla is an electric car company, right? Not for long… Details of [Elon Musk’s future plans for Tesla]( recently got out. And get this… Tesla is headed in an entirely new direction. Musk says it’s “probably [worth] several times that of what the car business is per year”… and it could soon be 50% of Tesla’s business. That’s because [this new trend is worth $130 trillion]( according to Forbes. But Musk isn’t the only billionaire gunning for all this money. Five billionaires are backing a tiny $4 company that could beat Tesla to the punch. It’s an epic billionaire battle with a $130 trillion grand prize. Former Goldman Sachs executive Nomi Prins recently explained what’s going on [in this video.]( It includes a 30-second demonstration that reveals why these 5 billionaires are betting against Musk, and backing this tiny $4 company instead. [Click here to watch the 30-second demo.]( -- Wall Street’s Dirtiest Secret – It Doesn’t Want You to be Rich (or Poor) When I started on Wall Street, to call me naïve would have been an understatement. I was as green as summer grass. I thought my goal was to help clients make as much money as possible. But one day, I got into a conversation with my mentor… a grizzled veteran who’d been in the game for a long time. He’d made millions of dollars since the 1970s. One day he grabs me, takes me aside, and says, “Tiwari, here’s what you got to understand about this business. You never want your clients to make too much money.” I was shocked. But he continued… “If your client makes too much money, he doesn’t think he needs you anymore. He’ll take that money and put it somewhere else. He’ll put it in real estate. Or a private business. And guess what? You won’t generate commissions from him anymore.” This was when he told me the dirtiest secret on Wall Street… “The key to making money is to keep your clients even. Don’t lose them too much money, and don’t make them too much money.” [Featured: Dr. Nomi Prins: “Musk spent $10 billion on these. This is bigger…”]( There I was – an impressionable 18-year-old kid – and I asked, “Why would I want to do this?” And he says, “Teeka, it’s all about the commissions. You want to keep clients with you as long as possible so you can keep charging commissions.” It’s why Wall Street tells us: To become rich, you’ve got to put your money away for 30 years. You make 7% per year. It compounds. Then you double your money every 12-15 years and have a happy retirement. It’s all true. But think about it from Wall Street’s self-serving point of view. If you sock your money away for 30 years with them, it will help fund your retirement… But you’re funding their retirement, too. You’re funding their houses… cars… tuition… vacations… and private jets for 30 years. It’s an amazing business model for Wall Street. Not so much for their clients. That’s why Wall Street doesn’t want you to be rich. Recommended Link [It’s more than inflation… it’s “ROT-FLATION”]( What we’re experiencing now is more than inflation… This is ROT-FLATION… [image]( [And in this video]( one of America’s top investors reveals the precise details on how quickly this phenomenon is destroying your wealth (and how to protect yourself)… Just make sure you haven’t eaten recently… Or your food might be coming back up… [>> Click here if you’re ready…]( -- On the flip side, Wall Street also doesn’t want you to be broke, either. Because broke clients can’t pay commissions. The sweet spot is a customer who’s “break-even.” Wall Street keeps them in the game year after year… all the while milking them for commissions. I was horrified how they treated people… And I was part of that world for a long time. It took 15 years before I woke up and said, “You know what? I don’t want to do this anymore. I genuinely love people. I’ve got talent. I’m compassionate. Why am I living like this?” It was a fool’s choice that I wasn’t aware of because I entered that world at such a young age. So when I discovered the newsletter business, it was eye-opening. That’s why I was so excited when I joined Palm Beach Research Group in 2014. Because here, I’m on the same side as my readers. Whereas on Wall Street, I couldn’t be. Recommended Link [Retire rich from this list]( [image]( Every year, Deloitte Research publishes a list of the 500 fastest-growing companies in North America. And the gains are simply insane. On the most recent list, the lowest gain is 212%. And it just goes up from there… 500%... 1,000%... 10,000%... And even as high as 87,037%. You can get your hands on [the full list here.]( But more importantly… One small-town millionaire who went broke used the secret behind this list to get rich again. And for the first time ever, he’s agreed to reveal his secret. [Click here to discover this millionaire’s wealth-building secret.]( -- Lehman 2.0 Friends, there’s a reason I’m revealing Wall Street’s dirty little secret right now… [I want to prepare you for an event I’m calling the “Next Lehman.”]( As I mentioned above, I started my career at Lehman at 18. And I left years before the company filed for bankruptcy in 2008 at the climax of the subprime mortgage crisis. But when they went under during the Great Financial Crisis, I was a special guest host on Fox Business. And I was reporting on their collapse right outside their headquarters. So I remember that day like it was yesterday. Traders and investors were walking around Wall Street like zombies… and in the end, investors with Lehman lost billions of dollars. I don’t want that to happen to you. I believe an event scheduled next month could single-handedly trigger the next Lehman-like collapse. That’s why on Wednesday, November 16, I’m holding a special briefing called The Next Lehman. During the event, I’ll reveal details on [a crisis with the potential to be 155x greater than Lehman’s collapse]( but one that will give prepared investors a shot at 14x returns. It involves a little-known recession-proof asset that’s less volatile than stocks but offers massive upside… an asset Wall Street eagerly trades while leaving you in the dark. Wall Street hopes you never find out about it… The last thing they want is for you to trade – and profit from it – like they do. So join me on Wednesday, November 16, at 8 p.m. ET and [let me show you how to turn the tables on Wall Street](. Let the Game Come to You! [signature] Big T P.S. As a bonus, I’ll also discuss a brand-new model portfolio I’m calling, The 2023 Recession-Proof Portfolio… and I’ll even share the name of one pick for free. Considering that the average peak gain of my past free picks is 18x, it’ll definitely be worth your time… So I urge you to attend this free event and learn all about how you can avoid the Next Lehman. [Click here to reserve your spot](. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG Last week, [Nomi wrote an essay on the Fed as a nonprofit]( and what that really means. As the late George Carlin once said, “It’s a big club and you ain’t in it!” Readers are responding as to what they think of this “club”… and what other topics they’d like Nomi to cover. Great writeup on the Fed. A great club to be in. But how is the money generated to pay the dividend plus return money to the Treasury…? – Leopold K. I think a much more interesting discussion (that would go a long way toward educating everyday U.S. citizens) would be how the Fed is essentially above the law, given treaty protection and diplomatic immunity type protections against prosecution for violating U.S. law. Those treaties and immunity from prosecution protections are why no banks or banking executives faced legal punishments after 2008 (and many other times in the past decades). – Don G. Additionally, one reader thanks Nomi for shedding light on the Fed’s greed in her recent writings [catch up [here]( and for helping us understand what is happening “underground.” Thank you for finally shedding more light on how sneaky and greedy the Fed is. What they do is not necessarily what any sitting president may want. Ultimately, the Fed has control over any president. Most people are much too willing to point fingers at a president for what is happening in our economy and in the market. That’s not the case. Yet, I rarely find someone involved in making a living by peddling wares to stock traders who are willing to tell it like it is without mincing words. I hope that Nomi will continue to make what is really happening underground more visible and clearly understandable to the general population. It sure would help people see that taking political sides regarding the economy is a farce. It’s these invisible money magnates who are taking the money from the general population – not a president or the government. Please keep making this more obvious through your editorials. – Mara Do you agree with reader Don that the Fed is essentially above the law? Who should hold the Fed accountable for its actions? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: The Dirtiest Secret on Wall Street: Why They Won’t Let You Get Rich). IN CASE YOU MISSED IT… [[MUST SEE]: Instant cash in 3 seconds?! Challenge accepted 👀]( My name is Jeff Clark... And I’ve got a challenge should you choose to accept it: Take away my wallet, cash, and all credit cards... Send me to any store or restaurant in America... And in 3 seconds I’ll buy anything I want – using none of my own money. [Click here to watch how I do it.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. 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