Elon Musk’s New Project Could Trigger Economic ‘Death Spiral’

The following content is sponsored by InvestorPlace.

Legendary investor Eric Fry has come to a shocking conclusion.

What he calls “Project Omega” — Elon Musk’s latest project — will impact our lives more than any other innovation in history.

Fry knows what he’s talking about. He spent the last 30 years as a Silicon Valley insider and on Wall Street as a broker, entrepreneur, analyst, and hedge fund manager.

His investing feats are nothing short of astonishing. Just a few years ago he went head-to-head against 650 Wall Street hot-shots, including billionaire hedge fund legends David Einhorn and Bill Ackman.

When the dust settled, Fry achieved an average annualized return of 150 percent, beating the best of the best and winning the competition hands down.

Now, he’s warning about the greatest economic shift the world has ever seen.

He’s not alone. Bill Gates says, “It will change the world.” Bank of America predicts that it “could revolutionize everything.” Business Insider reports that it is “ready to upend the economy.”

Fry believes this project will dwarf everything else Musk has done to date. It will be bigger than PayPal, Tesla, and SpaceX combined.

The bad news is the $15.7 trillion economic shift it brings will devastate millions of Americans, plunging the economy into a “death spiral” never before seen. More than 300 million jobs are at stake.

The Brookings Institution says half of all blue-collar jobs will be replaced. Lawyers, accountants, and even doctors should be worried too. CNBC reports this innovation is on “a collision course with white-collar, high-paid jobs.”

The good news is the technology behind this project could mint the next wave of millionaires and billionaires.

Mark Cuban has even gone on record saying that “the world’s first trillionaires are going to come from somebody who masters [this technology].”

According to Fry, those who position themselves on the right side of this shift “will have multiple chances to make as much as 10 times their money.” Those who don’t heed his warning and prepare now could face abject poverty.

Fry has prepared a special video presentation you can watch here.

It outlines the three steps he recommends you take now. Watch it and find out how to get ahead and stay ahead of this economic shift before it’s too late.

Click here for all the details.