Looking for the Market’s Next “Hoover Dam”

[Inside Wall Street with Nomi Prins]( Looking for the Market’s Next “Hoover Dam” By Nomi Prins, Editor, Inside Wall Street with Nomi Prins I stood 726 feet above the ground as the mighty Colorado River roared below me. Red mountain peaks towered in front of me as far as I could see… And for a moment, I was speechless. [Chart] Nomi visits the iconic Hoover Dam If you’ve ever been to the Hoover Dam, you might know the feeling. I’ve traveled all over the world, from Brazil to Thailand. I’ve seen hundreds of historic landmarks – from the Great Wall of China to the Sydney Harbour Bridge in Australia. And the Hoover Dam still blew me away. But as I’ll show you below, there’s more to this American icon than meets the eye. In fact, it holds moneymaking clues today – if you know where to look. So let’s take a step back in time. Because the past can show us a profit opportunity that is unfolding as I write this… Recommended Link [Stunned Tesla CEO announces critical shift to “700-mile” battery tech]( [image]( A prototype Tesla just drove 752 miles on a single charge… across the entire state of Michigan. The secret? A new [“Master Key” technology]( that left Tesla CEO Elon Musk stunned. One month later, Musk announced this breakthrough had become: “The dominant [battery] chemistry for Tesla.” Now financial insider Nomi Prins discovered a firm set to become the [#1 supplier of this EV Master Key to America’s auto giants.]( Already, this company is starting to sign contracts with Chevrolet and Toyota. Will Tesla be next? Nomi just sat down to reveal the urgent details. And why early investors stand to see profits of up to 300%. [Click here to watch the full presentation.]( -- Where Public Money Goes, Private Money Follows The Hoover Dam was a feat of bipartisan support and private companies’ efforts. It stemmed from President Herbert Hoover’s decades-long push to rein in the power of the Colorado River. A government agency called the Reconstruction Finance Corporation (RFC) financed the project. Funding was just shy of $49 million (about $903 million in today’s dollars). The government didn’t set up the RFC with the dam in mind. It was a finance vehicle designed to help Wall Street weather the Great Depression. But because of one of five key RFC provisions, funding for the Hoover Dam became a reality. Under Provision 4, private companies could help the government with public infrastructure projects. That included “bridges, tunnels, docks, waterworks, canals, and markets devoted to public use.” The Hoover Dam ticked that box. Now, the government provided the initial funding for the project. But that doesn’t mean the government built the dam. First off, companies had to put their own skin in the game. If a company wanted to bid on the mega-project, it had to cough up $2 million. Then, it had to shell out another $5 million to back a performance-related bond. This was to guarantee it would keep to the job, no matter how difficult it became. At the time, the nation was stuck in the Great Depression. So the idea of paying up for a juicy government contract was enticing. That was especially true in the construction industry. The Great Depression was eating into jobs and forward-looking business strategies. But the dam was too expensive and complex of a project. No single company could pony up that much money for the contract… or guarantee the project’s completion. So, in the end, the contract didn’t go to just one firm. Instead, on February 19, 1931, a group of companies formed a coalition. Recommended Link [Do You Bank in Any of these 110 Banks?]( [image]( [These 110 banks]( have enrolled in a controversial pilot program that could have drastic implications for your money. If your bank is on this list, you’ll need to move your cash before [December 13th]( or risk your entire life savings. [Click here to see the full list.]( -- The Six Companies That Built the Dam Six Companies Inc., as it was called, won the $49 million contract. At the time, it was the largest contract of its kind. And the largest public-private partnership in the history of the United States up to that point. The winners were all relatively small or family-owned companies. But one name in particular stands out: the Bechtel Corporation. You might recognize the Bechtel name as a multinational mega-company. But it wasn’t anywhere near that back then. Until the Hoover Dam project came along, Bechtel was a tiny family road construction company founded in 1898. But it seized the challenge of the Hoover Dam project. And – together with Henry J. Kaiser Co. of California – Bechtel put $1.5 million into the dam. The Bechtel family grew into a global construction, energy, and technology company on the wings of that project. Today, Bechtel is the second-biggest construction company in the United States. And it’s one of America’s largest private companies, with a $40 billion market cap. It was in the right place at the right time. Recommended Link [“One-Stock Millionaire” Trades ONE Stock for 3 Decades… Wins In Any Market]( [image]( Jeff Clark here… I’ve joined the ranks of the top 1% of wealthy Americans… by IGNORING 99% of the entire stock market. Among 6,000 different stocks on the market to choose from… Hides ONE incredibly special stock. I call it, [“The One-Stock Retirement”]( because I’ve used it for over 3-decades (through ANY market) closing gains like 373%, and more – time and time again. Trading this ONE stock over and over again is changing the lives of everyday folks across the world – from school teachers to doctors. You do not need trading experience and you can [get started with only $100!]( [Click Here to Learn More About My Secret.]( -- What This Means for Your Money Today Now, I’m not suggesting that you buy Bechtel. It’s a private company. So even if we wanted to, it’d be nearly impossible. Instead, I’m telling you this because we’re at another crossroads for our nation’s energy infrastructure. In the 1930s, the Hoover Dam gave small companies the chance to grow bigger. And right now, legislation coming out of Washington is creating a similar opportunity. It’s a trend I’m tracking closely in my Energy Distortion Monitor letter. In fact, I was just in Washington for a whirlwind of about 20 meetings with congresspeople and their senior staffers, to talk mostly about energy and infrastructure. And I’m sharing details of those meetings – along with actionable ways to play the biggest D.C. trends for profits – with Energy Distortion readers. If you’re not paid-up yet, learn more about an Energy Distortion Monitor subscription [right here](. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Inside Wall Street Feedback). MAILBAG What companies do you think may grow bigger during this energy infrastructure trend? Will you be following Nomi’s research as she tracks the biggest trends for profits? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… [Shame on Wall Street!]( Shame on Wall Street! They’ve collected an estimated $17 billion in payouts from a unique investment Brad Thomas calls “Amazon’s secret royalty program…” But they never told you. In fact, you won’t find it listed anywhere on Amazon’s website… Because this is not endorsed by Amazon at all. 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