A Technology Hoax Perpetrated by Our Government

Wealth Whisperer Team

How do you know whether a technology is game-changing or a dumpster fire?


It’s not an easy question to answer.

Scam artists like Trevor Milton, former CEO of Nikola Motors, know this and exploit it for personal gain.

But the worst are the folks who prey upon hurricane and flood victims to push their social agenda.


It’s a sickness that permeates all levels of our government.

Take the Inflation Reduction Act (IRA) for example.

This legislation dumped billions of dollars into “green” energy of the future.

That worked so well for Obama and Solyndra, why not rinse and repeat the same terrible ideas?

Frankly, we’d save money and do more for the environment by setting that cash on fire.

The IRA is the biggest boondoggle since Troubled Asset Relief Program (TARP) bailed out Wall Street banks.

But there’s one provision in the IRA that’s particularly galling.

“The Clean Hydrogen Production Tax Credit creates a new 10-year incentive for clean hydrogen production tax credit with up to $3.00/kilogram. Projects can also elect to claim up to a 30% investment tax credit under Section 48.” — Energy.Gov

Companies like Nikola Motors are trying to dress up hydrogen like some new innovation.

Folks, this technology hasn’t changed since the 1970s.

It’s as worthless as Diane Feinstein’s treadmill.

Here’s why.

Bad Battery

Hydrogen acts as a battery.

We create it through electrolysis: pumping electricity into water to split hydrogen and oxygen.

This conversion process is extraordinarily inefficient.

According to the Department of Energy, only about 60% of the electricity used to create hydrogen becomes potential energy.

Lithium-ion batteries, the current standard used in electric cars, have a potential energy close to 100%.

Why would anyone be willing to lose 40% of the energy generated as pure waste?

Only when a government subsidy pays you.

Companies like Plug Power (PLUG) and Bloom Energy (BLOOM) are more than happy to take these handouts.

Both are terrible investments, each burning through cash every quarter, and in Plug Power’s case, as much as $350 million.

Don’t kid yourself. These post-COVID-19 wonders are dead money that are headed for the stock graveyard.

We wouldn’t short these names since they’re prone to face-melting short squeezes. But do yourself a favor and consider purging these from your portfolio.

The Need Still Exists

Now you may be asking, why do we need batteries?

Energy produced from wind and solar is intermittent.

Nuclear plants produce consistent energy. But that doesn’t necessarily align with our usage.

We need batteries to bridge the gap between generation and consumption.

Right now, we are scaling fossil fuel plants up and down.

However, as places like Texas have shown, these plants can only do so much.

Hydrogen doesn’t come anywhere close to handling this kind of workload.

We simply aren’t technologically at a place to make this leap.

But… there might be a substance that holds the key to getting us there.

The Technology of the Future

Companies have spent billions on different materials and are trying to achieve a low-cost battery with high energy density that won’t degrade over time.

Lithium-ion batteries are great. But there’s a supply chain bottleneck coming in the next 5-10 years.

We simply cannot produce enough to meet demand.

However, graphene could VASTLY improve the efficiency of our current technology.

As George Gilder discusses in his latest Investment Report, graphene is an incredible material with multiple applications and massive investment opportunities.

Graphene batteries are stronger, safer, charge faster and more energy dense than existing lithium-ion batteries.

A lot of folks have dismissed graphene, saying it’s too expensive and can’t be mass produced.

Fortunately for us, they haven’t kept up with the latest developments.

Companies are now capable of manufacturing tons of graphene each year.

And since its discovery in 2004, the cost to produce graphene has declined dramatically.

However, we don’t need to make the full jump quite yet.

Mixing in small amounts of graphene can deliver paradigm shifts.

Companies like Samsung are incorporating graphene into lithium-ion batteries to deliver remarkable all-around improvements.

Ford started using 0.5% graphene in its plastics, and guess what…

…the strength of the plastic increased by as much as 20%.

Simply put, graphene is at an inflection point.

It’s no longer a fanciful dream but a tangible reality worth your consideration.

To make things easier, we’d like to direct you to George Gilder’s Investment Report.

There, you’ll get a deeper understanding of graphene’s potential as well as the best ways to invest in this incredible technology.

Click Here to Access George Gilder’s Report!

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