Freedom Checks have been introduced by Matt Badiali through an online ad, making many people raise their eyebrow. While some people were quick to label it a scam, in actuality Freedom Checks are not a fast scheme that can earn you millions of dollars with the press of a button, but a real investment strategy that requires dedication and work from people who want to make a decent revenue. The concept is based on the very real Statute 26-F, which was enacted in 1987 which aims to encourage companies to search for natural resources domestically and not depend on the foreign oil companies. Despite the fact that the statute has been in place for so many years, it has only recently caught the public’s attention.
Companies that want to quality for Statute 26-F have to pay their investors lucrative dividends, and have to generate 90% of their profit from domestic resources. Simply put, Freedom Checks are the result of investing in oil and gas companies that are based in the United States and meet the Statute 26-F requirements. People who are interested in investing can start with as little as $10, and can use Matt Badiali’s newsletter Real Wealth Strategist as a guide to better understand the whole venture. According to him, investors can get a return on their investment of up to 8,000%.
A similar concept has been recently introduced by Mike Burnick, called Trump Bonus Checks. He promoted them to the veterans of the U.S. Armed Forces, Burnick stating that people are entitled to Trump Bonus Checks as a result of their patriotism. Burnick owns a newsletter, Infinite Income, where he claims to know how to create a portfolio that is “disaster-proof”. Trump Bonus Checks are different to Freedom Checks however, due to the fact that Freedom Checks are based on investing money in MLPs. MLPs are Master Limited Partnerships which fall under the regulations posed by Statute 26-F, which means the companies earn their profits from natural resources. Investing in MLPs makes the investor a limited partner, and as a result they receive a share of the company’s income.
Shervin Pishevar ranks among the most widely respected figures in the world of tech finance. He is the founder and CEO of Investment company, a firm that has been responsible for the creation of such big-name tech companies as Uber, Airbnb and Virgin Hyperloop. Shervin Pishevar is also a noted tweeter, having a following of more than 100,000 of the tech world’s best and brightest thought leaders and influencers.
One of the topics about which Shervin Pishevar often finds himself tweeting is the huge potential that cryptocurrencies have to disrupt and even displace states. Shervin Pishevar says that the entire concept of a middleman is fundamentally extractive and represents a market inefficiency by its very definition. Shervin Pishevar believes that cryptocurrencies could make states irrelevant throughout much of the economy, not by convincing them to step aside but by making it impossible for them to exercise legitimate power.
Shervin Pishevar says that, when properly engineered, many of the security functions that the state uses to claim legitimacy, such as the overseeing of markets and the financial system, could theoretically be built into an advanced cryptocurrency platform. In this view, says Pishevar, the currency itself would be a sort of platform, containing within it not just the means of payment but all of the security infrastructure to prevent the currency’s debasement, prevent theft and stop systematic fraud. While he says that this may sound farfetched, it is no crazier than believing that government itself, one of the most proven-incompetent of all human enterprises, would be capable of protecting the best financial interests of its citizens.
In fact, Pishevar says that governments across the developed world are increasingly losing credibility. And he expects that trend to continue as a result of the extreme monetary foolishness that he says will eventually wipe out the majority of wealth held by the middle class. Once the very idea of the state-led economy loses credibility with the average citizen, Pishevar says that this will create a huge vacuum into which will be able to step a fully mature crypto-economic system.