Washington Is Panicking!

The scramble is on to avoid responsibility and somehow dampen public fury. [Gilder's Daily Prophecy] February 11, 2022 [UNSUBSCRIBE]( | [ARCHIVES]( [>>INCOMING MESSAGE FROM JAMES ALTUCHER<<]( Did you know Coronavirus and inflation could have very little to do with these crazy up and down markets? And the reason your retirement account could go down to zero? I’ve been warning readers about the REAL CAUSE behind this… [I explain everything in my video—you can click the image above to play it…]( [(Watch my short video now, before it’s taken down)]( If there’s anything you’ve missed as part of your membership to Gilder's Daily Prophecy, make sure you check out our website where you can find archives, updates, and everything else that's included in your subscription. You can access it by [clicking here now](. Washington Is Panicking! [Jeffrey Tucker]Dear Daily Prophecy Reader, So many horrible policy decisions for two years. Now the poison fruits are all around us. - Soaring inflation that exceeded all expectations; even Biden admitted that it is “elevated. - The Federal Reserve is flipping out, and word is that as early as next week, there could be a big rate hike, which could tank markets and kick off a recessionary climate. - The University of Michigan Sentiment Survey has revealed crashing consumer confidence, lower even than during the depths of lockdowns, at a time when things are supposed to be reviving. - Public protests inspired by the Canadian truckers are coming to the US in the form of a big caravan. - Disastrous polls showing Biden slipping below 40% approval and that’s only what we see; the internal polls must be much worse. - The fools who gave us lockdowns are now in full coverup mode but it’s not working; public anger is on the rise. - The truth about the bad science of the experts is slipping out day by day and no one seems to know how to stop it. Let’s just take the last point first. Paul Allan Offit is an epidemiologist who advises (or did advise) the Biden administration in the early days. He is not my favorite guy but as things go, he is no Anthony Fauci. He seems sincere. Offit variously appears on podcasts and things. Two days ago, he let slip an astonishing thing. He said that early on, he met at the White House with Walensky, Fauci, Collins, and one other person. The topic was whether the Biden administration should recognize natural immunity to Covid — the most well-established fact about cell biology. He and the other person said absolutely. The rest said no. Offit was funny in this interview because it was pretty clear to him that he was revealing something very important but he did not know whether this was going to be some kind of problem. He then proceeded to tell the story. He did not speculate about the reasons. He was smiling and laughing throughout the interview. Mandates for What? This is nothing short of a scandal. The immunity passports in place in three of the biggest American cities, the entire public sector, plus the attempt to impose them on the whole of the private sector, probably constitute the most invasive, aggressive, and controversial public policy since the Vietnam War draft. It all could have been fixed by a recognition of the immunological reality: the exposed and recovered are protected. That point of science was rejected by Fauci, Collins, and Walensky. The whole Biden administration went along. We didn’t know until yesterday that this meeting had even occurred. Crazy stuff. And surely this is just the tip of the iceberg. The more that time goes on, the more questions are piling up about this gang that utterly wrecked liberty in the US after inauguration day 2021, a time when they could have reversed all the nonsense but instead went the other way. They are desperately running away from these policies now that their political prospects are so grim, but they cannot. Come November, when the Republicans take over the House and Senate, the GOP will be in a position to bring all these people to Congress to give sworn testimony. They will plead the 5th. It’s going to get very ugly. Central to the concern here is what precisely happened in February 2020 to cause Fauci to forge plans to lockdown the entire American economy for a virus that he already said repeatedly could not be stopped. Why did he change? We have plenty of evidence that his change of mind was related to his fear — real or imagined — that the pathogen was made in a lab and was leaked either deliberately or accidentally. Fauci and his friends were on burner phones for weeks and holding secret meetings. The HHS document ordering lockdowns — along with the fake journal article supposedly demonstrating natural origins — were all forged in these weeks. Republicans are going to have a real time discovering the inner workings of the deep state here, if they find the courage to look deeply enough. Silicon Valley insiders are delighted about WHAT? What if I told you… That in Silicon Valley, DONALD TRUMP will one day go down as one of the greatest Presidents of all time? Sounds crazy. [Until you see this.]( The Fed: the Real Pathogen I’m pretty cynical about the public sector. I have serious doubts that the bureaucratic class can ever be fixed. Among the whole gang, part of me expects that the Federal Reserve would operate better than most because it represents banks, the people there are well educated, and they are in a position to guard the workings of the financial system and have every incentive to do so. So I admit that the monetary policies of 2020-21 utterly shocked me. Did they not know what the results would be? Surely they did. They are not complete idiots. Did they care? Yes, they cared. Why did they not act more responsibly? My only answer is that they panicked like everyone else. Now that the dust of the virus is clearing, they are staring at the results of the worst policy in decades, if not in a century, if not since 1776. They know for sure that they lack tools to fix it but they are going to pretend to do so in any case. Rate increases alone will not mop up this mess. The hot money long ago flooded the banking system, and it cannot be uncreated. The rate increases however will shake up producer and consumer sentiment. If the Fed acts in an extreme way simply under pressure from the Biden administration to fix the inflation problem before the mid-terms, it will have unpredictable effects. We could head into the mid-terms with worsened inflation and signs of recession. Wow, just think that through for a moment. There’s another problem brewing at the Fed. The WSJ has just reported the following: Two senior Federal Reserve staffers reported a series of financial market trades in early 2020, as the central bank swung into action with a historic stimulus effort aimed at supporting the economy through the coronavirus pandemic. Economists John Stevens and Diana Hancock, both currently senior associate directors in the Fed’s research and statistics division, reported in official financial disclosure forms a series of trades in February and March 2020, according to financial disclosure forms reviewed by The Wall Street Journal. Great timing, huh? Consumer sentiment Any of those items listed at the top of this letter deserves a whole essay, but let’s end this by having a look at the Michigan sentiment data mentioned above. Keep in mind that we are supposed to be recovering. We are supposed to be entering the light. If we are, people are absolutely not feeling it. [chart] Yep, you will notice that we are now where we were in the aftermath of September 11, 2001, a full-blown terrorist attack on the US. There’s a major difference, however. In those days, the perpetrators were foreign terrorists bent on destruction of the US as a capitalist empire. It didn’t work of course. Then 9 years later, our own ruling class got into the act and delivered a terrible blow. We are still reeling from it and will be for the next 10 years. This also explains why the Department of Homeland Security is taking recourse to the most crude forms of threats of censorship and demonization of political dissent. What a remarkable combination of catastrophic trends. The mystery is not the inflation and the collapse of public confidence. The mystery is why everything is not worse than it is. Regards, [Jeffrey Tucker] Jeffrey Tucker The Top 7 Metaverse Stocks to Buy RIGHT NOW Wired Magazine reports: “The Metaverse is arguably as big a shift as the telephone or the internet.” Which is why a small group of Metaverse stocks have ALREADY been stacking up [3x… 5x… even 11x gains]( over the last two years. [Click here for the details on the top 7 Metaverse companies we’re recommending today. (Plus: FREE ticker revealed inside)]( [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. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. © 2022 Three Founders Publishing, LLC., 808 Saint Paul Street, Baltimore MD 21202. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Three Founders Publishing, LLC. EMAIL REFERENCE ID: 401GDPED01