The End of Trust, Killed by Government

The whole country is shattered by pervasive incredulity and seething with anger. [Gilder's Daily Prophecy] August 24, 2021 [UNSUBSCRIBE]( | [ARCHIVES]( Why is George Gilder so Worried? It’s not coronavirus… interest rates… even the economy… It’s a type of market anomaly so devastating that some analysts say it “virtually eliminates any chance for mere mortals to make money” trading the markets. [Click here for a brief message from George about it… And how exploiting it could lead to massive windfalls.]( [Warning] Do you enjoy receiving Gilder's Daily Prophecy? Please [Click Here Now]( so we know to continue sending you Gilder's Daily Prophecy for free! The End of Trust, Killed by Government [Jeffrey Tucker]Dear Daily Prophecy Reader, This weekend I was traveling through the Eastern seaboard, hopping from place to place, getting to know the new America. As much as things seem normal compared with last year at this time – when the entire country was windswept from lockdowns – the country is nowhere near normal. It is degraded in strange ways, much diminished from the life we all took for granted in 2019. Most conspicuous is the ubiquity of plexiglass. It’s everywhere, and really weird. There really must not be a living soul around who believes that these ridiculous sheets of clear plastic, sitting on every surface and hanging from ceilings, really protects anyone from the coronavirus. Even the New York Times has debunked this. Still, the plexiglass persists. No one is willing to take responsibility and just say: “these things are dumb, so take them down now.” Masks are back but without the conviction of the last time. This time they are purely performative, a way of saying “I am thinking about the virus.” So far as I can tell, they are not enforced, even when they are mandatory. I even boarded several planes in the last couple of weeks without one, only being prodded to strap it on just before takeoff. [New Federal Rule could change America forever.]( Disappearing Workers The labor shortage is acute. Everyone talks about it. Those who are working in hospitality and services are bitter. They complain about their disappeared colleagues, their friends who have chosen to live off largess rather than work, and fret about the incredible burdens they bear to keep the free riders living off them. Yes, this makes people extremely angry. Hours of operation of bars and restaurants are dictated by whether there are any employees to work the shift, or whether, instead workers prefer the fentanyl-soaked life of a welfare bum paid for by others. One place at which I ate dinner shut its doors at 5pm because there was no one to serve tables, and the cook had been working since 8am, and had done these hours alone for 10 straight days. It doesn’t matter what you pay for a hotel, you are lucky to get any service at all. Forget daily changes in sheets. Room service is rare. Just having someone downstairs to answer phones and check people in is difficult enough. Getting an extra coffee packet delivered to your room is mostly out of the question in many places. The normal things we expected before last year have just evaporated. There are strange and random shortages. A friend rolled up to a Mcdonald’s in Massachusetts and ordered a burger only to be told they are out of beef. Imagine that! Stores have empty shelves of products one would never expect to run out. Menu prices are soaring each time you go back to your favorite place – but these price increases are only transitory, don’t you know! Trust the Fed! Trust the president! Trust the media! Bezos’ NEXT Big Project Revealed! This nondescript warehouse is hiding a [BIG secret of Jeff Bezos…]( One that could disrupt a $1.32 trillion industry… And lead fast-moving investors to a potential fortune — As soon as September 7th 2021. [Just click here for all the details](. [No more banks. No more accountants. No more Wall Street?]( Lies, Lies, Lies A strange cynicism pervades the whole country. We are settled into living less well, as if it is our plight and our fate about which we can do nothing. We know our leaders have lied to us. We cannot begin to count the ways. But no one in charge will actually admit it. They pretend to have the knowledge and be in control and we pretend as if they have credibility and deserve compliance, though we don’t believe and only perfunctorily comply. For twenty years, for example, we heard about nothing but the glorious progress being made in Afghanistan. The US-backed regime was getting trained. They are ever more stable. The war on the Taliban is going well. People love their occupiers. There’s nothing to worry about. The whole operation is a mighty success and illustration of America’s magical ability to smash and then rebuild whole nations. Then in the course of one week, it all unraveled. The regime fled and the US government quickly folded up shop, shutting its embassy even before Americans living there were really safe. You could turn on the TV and see astonishing images of a reality for which no one had been prepared, even though it had been building for 10 years and probably everyone on the ground knew all about it. Then the president of the US gets on TV. It’s all fine, he says. It could not have been otherwise. The buck stops with him, though all missteps are the fault of someone else. There is nothing humiliating about this disaster and it portends nothing for the credibility of American power in the world. Just look the other way! Meanwhile, the US is complaining about the disjunction between the Taliban’s moderate-sounding promises and the random and sometimes violent actions in reality. It’s a heck of a thing for the US to say, given the wholly random message out of Washington on every topic from inflation, to Afghanistan to vaccines. Take the Jab or Else Most of the time, the presence of government in our lives remains abstract. This is by design. We like it that way and agents of the state prefer not to confront the citizens directly. The vaccine was different. Here we have a government-subsidized product that is owned entirely by private companies. We were told that we should roll up our sleeves to protect ourselves and others. It was a clear and clean message we understood because we have experience with vaccinations. But then the whole thing began to unravel, slowly at first, then faster, then all at once. The CDC strongly hinted that the vaccine had limited use in stopping infection, directly contradicting statements made only the week before. In time, it became clear the jab in fact wouldn’t stop infection at all but, hey, it’s still great at stopping transmission, until that promise too fell by the wayside. It doesn’t do that either. But hey, at least it stops severe outcomes among the vulnerable, which is great but in which case, why the heck didn’t we say from the beginning that this therapeutic injection should be considered for people over 65, while leaving everyone else alone? Instead of listening to this now-discredited CDC, mayors and CEOs around the country started imposing vaccine mandates – exactly at the moment the science was telling us that the vaxx would not in fact stop infection and transmission. How does this make any sense? Ask that question and you risk getting your social-media accounts throttled and deleted. That’s even more true if you look carefully at the side effects. Now people are faced with a crazy and scary reality. Government is demanding that we give over our bodies to be injected with a substance about which we know almost nothing, has not gone through serious clinical trials like every other medicine, and the prior promises for which have been revealed as completely wrong. But we are supposed to go along anyway. So far the mandates affect New York City, San Francisco, and New Orleans. But once the FDA puts its official approval on the thing, it’s going to get worse. Mandates are coming to every blue state, and every multi-state corporate entity. People will have to put aside their misgivings and accept the thing on faith that at least it won’t do grave harm. In what other sectors has trust been lost? We’ve talked about education. What a disaster. But the loss of trust affects almost every aspect of life in America. Maybe we trusted the courts, but the courts have failed us. Maybe we trusted the bigshot managers of our economic lives, but look what is happening to us under their leadership! The Cracked Foundation My experience in driving and flying around the country over the last weeks introduced me to an America I’ve never encountered. It is a darker place, a country shattered by pervasive incredulity and seething with anger. The speed at which the decline has happened is startling, perhaps not as quickly as the Afghan government fell, but very fast by any historical standard. I had an image of a Southern house I once toured for possible purchase. It was white with huge columns and a beautiful grandeur of a 19th-century plantation estate. The charm and beauty were overwhelming and I could not understand why it was selling for such a low price. The real estate agent explained that the whole foundation is cracked. That does change things, doesn't it, even if you cannot see it. The one truth about the cracked foundation meant the end of trust. And with the end of that, the value of the house sank. A year later, the house was torn down. No one would buy it. It seemed impossible to believe that something so beautiful on the outside would prove to be so worthless. Then one day it was gone. P.S. Bitcoin just hit $50,000. Regards, [Jeffrey Tucker] Jeffrey Tucker Federal Order #2222 Just Unlocked A $1.2 Trillion Opportunity [Federal Law]( Most Americans have probably never heard of Federal Order #2222 before, but experts are calling it… “A Game-Changer”… “A Landmark Ruling”… and “The Most Significant Order Ever Issued”. Why such the high praise? Because Federal Order #2222 just kicked off a new tech boom poised to surge 12,100%… Unlocking $1.2 trillion in new wealth over the coming years. With a little-known 3-letter ticker symbol at the center of it all. [Click here now to get the details on Federal Order #2222…]( [and the #1 Ticker Symbol For This Government-Backed Tech Boom –]( [For FREE]( [Three founders Publishing]( To end your Gilder's Daily Prophecy e-mail subscription and associated external offers sent from Gilder's Daily Prophecy, feel free to [click here](. If you are having trouble receiving your Gilder's Daily Prophecy subscription, you can ensure its arrival in your mailbox by [whitelisting Gilder's Daily Prophecy](. Gilder's Daily Prophecy is committed to protecting and respecting your privacy. Please read [our Privacy Statement.]( For any further comments or concerns please email us at GildersDailyProphecy@threefounderspublishing.com. Nothing in this e-mail should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. 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