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What’s next? Foraging for food? [Gilder's Daily Prophecy] October 18, 2021 [UNSUBSCRIBE]( | [ARCHIVES]( Check. Check. Check. Passed all tests. [Prototype]( is a blueprint of a prototype designed by a group of engineers at Washington. The prototype was recently put to test and it “Passed all Tests”. The engineers say it can deliver speeds never seen before in a gadget of its size More importantly, it can help deliver a small fortune to early investors. The prototype is just one small part of [a massive project]( will disrupt a $2 trillion industry. As the project is spearheaded by the world’s second-richest man... billions of dollars are being pumped into it. To see how this project could help turn your nest egg into a small fortune [Click here.]( Back to Cloth Diapers [Jeffrey Tucker]Dear Daily Prophecy Reader, Things fall apart slowly, then a bit more, then all at once. We seem to be in the middle period of this trajectory. The slow part began March 2020 when politicians around the world imagined that it would be no big deal to shut down the economy and restart it once the virus went away. The virus was never going to go away, which meant that there was no exit ramp. Congress spent money and The Fed printed it to pay the bills, all to mask the growing economic devastation. None of it worked. It was the greatest failure of politics in a century, or perhaps in all of human history, when you consider just how many governments were involved in committing the same idiocy all at once. Here it is twenty months later. Diapers are in short supply and parents are turning to cloth, reversing one of the great innovations of the postwar period. School lunches are dwindling due to food shortages and fewer people available to work the lunch counters. After all, workers are being fired for declining a vaccination that many people do not want or believe they need. In US ports, ships are lined up waiting for goods to be unloaded but there is a lack of transportation out. Truckers are in short supply, many having quit before and during lockdowns and now uninterested in coming back. President Biden, like a scene out of Atlas Shrugged, has ordered the shipyards to stay open 24 hours to get the job done. No one believes that this order will make any difference. Bread Lines The hashtag #emptyshelves is trending for a reason. It’s very alarming to wander into a random grocery store in this country. Products we’ve always believed would be there are not. Consumers are on the verge of panicking. Their hoarding will soon be denounced by the press office of the White House. Rationing comes next. Then script printed to enforce the rationing as in wartime. Inflation data is bad enough but it is masking the current trends. Producer prices are soaring 20% year over year. Heating oil is in short supply as we head into the winter months. People are talking about having to choose between food on the table and not freezing at night. This is in a country that only two years ago seemed like the richest place on the planet in all of human history. It all ended so quickly. What’s next? Foraging for food? At what point do we need to start guarding the pets? Everyone talks about broken supply chains, but few know what that means. It’s not just a matter of getting a finished product from port to shelves. The production structures of the global economy are too complex for the human mind to fathom. Every product goes through multiple thousands of stages involving producers all over the world. Break the availability of one input and you break everything. Chipping Away A good example is computer chips, which went into short supply last fall. Manufacturers had cancelled orders during lockdown on the belief that they could simply reorder when the economy re-opened. When they placed those orders, the factories were already retooled to serve other products and other countries. There seems to be no hope of fixing this problem anytime soon. This problem of input availability is affecting every manufacturer in the world, creating more shortages and more upward price pressure. Those price increases are already outstripping wage increases. In the “wage illusion,” people are getting raises but they can buy even less with their money, so in real terms, their wages are falling. Meanwhile, 4.3 million workers have gone missing. Data indicate that this affects mostly women and minorities, or least disportionately so, reversing decades of advances in including these groups in the labor force. News media is ignoring this issue, and implausibly so given the demographics of the damage. This reflects an unwillingness to draw attention to the failures of policies that have been widely celebrated by the media and its chosen experts for the better part of 20 months. REVEALED: The #1 Stock For The $140 Trillion Clean Tech Revolution Swiss Bank UBS says $140 trillion in new investment capital will pour into clean technology over the coming years. (That’s about four times the size of the U.S. stock market)…. And there’s one little-known tech company that’s perfectly positioned to ride this once-in-a-life-time megatrend... Explaining why Wall Street insiders like Vanguard…Blackrock…and T.Rowe Price have already parked billions of dollars in this underreported stock…. [Top Industrial Holders]( And now YOU can get on the ground floor right next to them… [By grabbing this #1 Stock For The $140 Trillion Clean Tech Revolution 100% free of charge (no opt-in or sign-up required)]( War Between Governments The conflict between the federal government and some Republican-ruled states is intensifying, with each side declaring the edicts of the other side as illegal. This has squeezed private workers. In airlines that believe they are bound by federal rules, pilots, mechanics, traffic controllers, and flight attendants. Faced with mass absenteeism, the airlines have had to cancel thousands of flights, and then lie about it (“unusual weather”). What’s remarkable is the near-silence on the cause of this whole crackup. It all traces to a fateful attempt to control a virus. That has been followed by an unwillingness to admit error and a doubling down on that error with more mistakes, such as vaccine mandates. We are faced with a stunningly stupid policy that is forcing more firings during a widespread labor shortage. The firings for non-compliance intensify this week, affecting academia, military, education, health care, digital tech, police and fire departments, and a whole range of services. They are being thrown out of their jobs, denied income in the name of improving public health. It’s like a scene out of V for Vendetta. Or the Matrix. Or Hunger Games. Today it feels like the middle section of Atlas Shrugged when everything was grinding to a halt. Generous people all over the country are rallying to care for friends and members of their communities who are being brutally purged from institutions that they have served faithfully for decades, people suddenly finding themselves without the ability to provide for their families. Lawyers are too expensive, judges don’t care in any case, and the politicians are trying to look the other way and pretend not to notice the carnage all around them. Boundless Arrogance Tragically, science itself, or at least the government’s version of it, stands discredited, simply because it was the basis on which all this destruction has been justified. They said they would improve our health, even as drug overdoses hit record highs, the murder rate that had fallen for decades has reversed course, cancer screenings have been missed thereby putting millions at risk of early demise, and depression has soared to levels never seen in our lifetimes. People are raging on the streets of Rome, Paris, Melbourne, London, and many other major cities around the world. In the US, the protests are taking the form of quit seething, illustrated in part by a president who is ramping up the controls by the day, even as his approval ratings are underwater by double digit numbers. Crowds chanting “#uck Joe Biden” are re-rendered by the press as “Let’s go Brandon.” The arrogance of the political establishment meanwhile appears boundless. They are infallible: believe them and not your eyes and ears. Most of the mainstream press of the past has their back and assigns “fact checkers” to affirm that the lies are real and the corrections to the lies are fakes. How does all this end? It doesn’t end. History rolls forward in the current direction so long as no one is there to stand athwart it and yell stop and reverse. How mad must it get before human rationality and reason take over from political egos and careerist duplicity? We are going to find out in the next 12 months. It’s going to be a very long winter. Regards, [Jeffrey Tucker] Jeffrey Tucker P.S. Last week George presented at our company's biggest and most popular event of the year. [The Six Predictions Summit hosted live on Zoom]( Where he (and some of the greatest financial minds of our time) gave away their biggest predictions and best recommendations for the year completely free. In fact, everyone who attended was shocked by the amount of information they gave away. But here’s the problem... We had more than 23,175 people register for the event...a number that far exceeded the 10,000 person limit on Zoom… Which means that you (along with more than 13,000 other people) may have been locked out of the event. That’s why I wanted to make sure to send out an exclusive access replay to our event right away. [CLICK HERE TO ACCESS THE REPLAY]( Remember, all the recommendations and predictions were given away for free. So if you haven’t watched this yet, make sure you take a second and get caught up now. You don’t want to miss out. Just click the link below to access the replay. 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