The Next Innovation in Money

In the 1970s, debit cards and ATMs gave us 24-hour access to our money, without having to carry cash or pay interest fees on credit cards.

In the 1990s, online banking began letting us purchase goods, pay bills, and even take out a loan from the convenience of our home computers.

The development of credit cards... debit cards... ATMs... and online banking were all intermittent steps along a path toward money-spending efficiency.

In 2015, another revolution in money arrived, driven by our need for better security... Thanks to President Barack Obama's BuySecure Initiative, every merchant location in the U.S. was required to use payment terminals that supported near-field communication ("NFC"). Credit-card companies were also pushed to issue cards with NFC chips – the cards that you tap instead of swiping or inserting.

The security benefits to consumers were huge. NFC is much safer than old magnetic stripes on credit cards... And the new terminals meant people could use their phones to make NFC payments, which is even safer than using an NFC card.

Tomorrow, the latest innovation in money is starting.

As our cryptocurrency expert Eric Wade explains...

This July will see the official release of FedNow – a new money platform that will be adopted by the U.S. Treasury, Social Security, pension funds, and more, opening the ground floor of an investment opportunity we may never see again in our lifetimes.

It'll make the U.S. dollar officially go digital, and allow money to be INSTANTLY transferred throughout the banking system.

It could mean the END of payment apps like Venmo, Zelle, and PayPal... the end of checking accounts... the end of bank fees... and will forever end the old days of waiting three days for money to "settle" in your bank account.

Every American with a bank account will adopt a new instant-money alternative that could come in a variety of different "coins."

Including "FedCoin" – an official crypto of the Federal Reserve...

And mark my words...

This will give you a chance to make money on a scale unseen since Nixon abolished the gold standard back in 1971... before gold went on to rise as much as 500%... and individual gold stocks rose as high as 26,000%.

To watch Eric's full presentation on FedNow – and learn how you can profit – click here before tomorrow.

Now, let's get into some of the things you've had on your minds this week. As always, keep sending your comments, questions, and topic suggestions to [email protected]. We read every e-mail.

Q: I currently have my second ever case of Colorado tick fever. I don't see it on your chart [of tick-borne illnesses], but thought it was worth mentioning to your readers. There is no treatment for it besides treating the symptoms. Your body will gradually get rid of the headaches, body aches, fever, extreme fatigue over a several-week period. I don't wish it on anybody, but it is a really good excuse for checking your body and clothes for ticks every night! – S.C.

A: Thanks for sharing your story, S.C. We hope you'll feel better soon!

For readers who are interested in a little more information... Colorado tick fever ("CTF") is spread by the Rocky Mountain wood tick. That's the same tick that can also spread Rocky Mountain spotted fever and tularemia (rabbit fever).

CTF is fortunately pretty rare, but it's most common in the Western U.S., in states like Colorado, Utah, Montana, and Wyoming.

As S.C. mentioned, there's no treatment for CTF. And the symptoms can last for several weeks, although you might not start experiencing them for up to two weeks after you were bitten. CTF shares its symptoms with other – potentially more serious – tick diseases. So if you do start experiencing symptoms, make sure to get a proper diagnosis.

Q: I recently had my lipid panel done and my doctor told me I should consider starting statins, because my LDL cholesterol was at 140 and therefore at higher risk of heart disease. I am a 60-year-old male. But I have come across studies/articles that state that high cholesterol has little to no impact on heart disease risk. The information can be very confusing with trusted sources stating different conclusions.

Can you please weigh in on your thoughts regarding this? Thanks! – S.F.

A: I applaud you, S.F., for taking the time to do some research on your own after seeing your doctor. It's important to always be your own advocate and do your homework before blindly following a doctor's advice. As a doctor, I can tell you that we aren't perfect.

I can't give individual health advice. I simply don't know enough about your individual case to tell you whether or not you should start taking statins for your high cholesterol. However, longtime readers know I'm an advocate of trying more natural ways to lower your cholesterol without turning to drugs. Things like:

  • Eating the right foods. Avoid trans fats, processed foods, and other inflammation-triggering foods.
  • Eating the right way. Try mindful eating as well as fasting.
  • Exercising. High-intensity interval training is an efficient way to not just fight inflammation, but also to help burn inflammation-triggering excess fat.

We've written before that the real risk behind heart disease isn't high cholesterol, but inflammation. You can read more about that – and the different types of cholesterol – here.

There are folks who do need to take statins, but these drugs shouldn't be our first line of defense. So take your research and your concerns to your doctor and figure out the plan that's best for you.

What We're Reading...

Here's to our health, wealth, and a great retirement,

Dr. David Eifrig and the Health & Wealth Bulletin Research Team
June 30, 2023

P.S. Our offices here at Stansberry Research will be closed next Monday and Tuesday for the Fourth of July holiday. Look forward to your next issue of Health & Wealth Bulletin on Wednesday, July 5. Have a great holiday!