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.
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 Harbor 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 once-in-a-lifetime profit opportunity, which is unfolding as I write this…
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).
Yet 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. There, 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.
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.
What This Means for Your Money Today
Now, I’m not suggesting that you buy Bechtel. After all, 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 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.
Except this time you can position yourself to profit.
See, I found a tiny company in the energy sector with the power to transform the U.S. energy grid.
It’s pioneering a new fuel breakthrough called “SMR.”
This breakthrough is 2 million times more powerful than oil. It’s also 3 million times more powerful than coal. And yet, the coal industry is lining up to invest…
I’ve spoken to at least a dozen government insiders. I’ve been on Zoom calls with lawmakers. And based on these conversations, I think new “SMR” legislation could funnel substantial profits to this company.
It has secured the first and only federal license to sell “SMR” in America…
In other words, like the Bechtel Corporation in the 1930s, this tiny company is in the right place at the right time.
And right now, you can play it for less than $2 per share.
That’s why tomorrow on Wednesday, May 10 at 8 p.m. ET, I’m holding a special Power Shift 2023 briefing.
I’ll dive into the details of this tiny company. And I’ll show how it could hand you as much as 20x your money in the long run.
It involves an investment I call “power shares.” Which, as I’ll explain on May 10, has nothing to do with options, private placements, or crypto. It’s much simpler…
To show you what I mean, I put together a new special report, How My Last Energy Trade Returned 22X in 2023.
I’ll walk you through a trade that gave some of my readers the chance to lock in a 22x gain. Not in the raging bull market of 2020 and 2021… But this year, in 2023.
The only way to get that special report is by upgrading to my Power Shares 2023 VIP List.
When you upgrade, you’ll also receive complimentary text alerts. That way you don’t miss any of the training videos leading up to my energy briefing tomorrow.
So if you haven’t yet, be sure to upgrade to VIP by clicking here.
Happy investing, and I look forward to seeing you then.
Regards,
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Nomi Prins
Editor, Inside Wall Street with Nomi Prins