Biden Feels Your Pain!

But Ottawa has shown us a darker side of state control of money and finance: complete political control. [Gilder's Daily Prophecy] February 18, 2022 [UNSUBSCRIBE]( | [ARCHIVES]( ***SPECIAL MESSAGE FOR GILDER READERS*** [Click here to learn more]( Big news: George just returned from a 2,000-mile round-trip after making a shocking discovery that could dramatically change your financial future. There’s not enough room to unpack the full details here. But let’s just say: [This may be the largest profit opportunity of 2022](. 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](. Biden Feels Your Pain! [Jeffrey Tucker]Dear Daily Prophecy Reader, Before we get to today’s issue.. There is something urgent I’m asking you to take a look at. One of my colleagues just made a rather interesting discovery regarding the future of “The Cryptocosm.” Specifically, he’s pinpointed a handful of[tiny investment speculations]( that are poised to ride alongside an exponential growth curve over the coming years. (According to his research, he’s projecting a 9,900% industry boom by 2026). George even recorded a short video clip explaining everything. [[You can watch it here.]( It’s not long. Maybe three minutes or so. I hope you take a moment and watch it at your earliest convenience. After you take a look, read on below… The Biden administration, we are told, is finally taking inflation seriously. It only took an entire nation screaming and yelling at watching their effective income decline dramatically. There is no one who is not being pillaged by inflation right now. The White House’s previous stance that it would soon go away is no longer selling. Plus, Biden is deeply unpopular and dragging down his entire political party ahead of midterm elections. So what do these people do? They have a strategy meeting. The conclusion was that Biden needs to make a strong statement that — to quote the White House — “I feel and understand what you’re going through.” We surely know by now that woke ideology substitutes sentiment and emotion for reality itself. If you have the right values and opinions, surely all's right with the world. Biden’s advisers are somehow under the impression that this flimflammy view of the world also pertains to economics. Sure enough, Biden said it: “I grew up in a family where the price at the pump was felt in the kitchen. Everybody knew. Everybody felt it. I understand….I know food prices are up, and we’re working to bring them down.” That’s a relief! Not. It’s utterly beyond me why people pay political consultants to advise this sort of thing. What in the world? Is there a living soul in America who somehow gains comfort from this? By the way, it’s not just food. Every producer is being squeezed, and all services providers are currently panicking about announcing pricing changes to their customers. Amazon Prime just bumped its annual fee by 16.8%. That’s a more realistic estimate of the combined consumer/producer rate of inflation. There is simply no way that this highly capitalized company wanted to take this risk with its customer base. They had to in order for Prime to make sense anymore. If Amazon faces such constraints, just imagine what a world it is for small businesses. The more pertinent question is: what precisely can the Biden administration do about this? What are they working on? Let’s say they are working on working on it. Like controlling the virus, there is absolutely nothing that the Biden administration can do to stop inflation. The Options It can demonize and blame corporations, which it is already doing, but people are not entirely stupid enough to believe that sellers can keep the same prices when the costs of doing business are going through the roof. It can impose price controls, but in these times those will operate differently from the 1930’s or 1970’s. They will take the form of threats and regulatory investigations to try to forestall increases. The trouble here is that this only pushes inflation to take different forms: less service, smaller packages, worse materials, no support, hidden fees, and so on. Enterprise will survive regardless. If you listen to the White House spokesperson, you hear ever more about…the FED! She is name dropping it all the time, first in hopes of getting some new appointments there, but mostly to prepare the way for Biden to scapegoat the Fed for failing to solve the inflation problem. This is classic bureaucratic behavior. No one is at fault. No one has done anything wrong. The White House blames the Fed. The Fed will blame Congress. Congress takes no responsibility. In the end, the whole thing feels like a pandemic, a thing that arrives, people try but fail to control. But it’s worse because the pandemic always ends. The inflation problem only ends long after the money masters have the money printing under control. Actually, there is one thing that Biden could do: repair supply chains via deregulation and freer trade. Make some peace with commerce and give the producers a break! But that’s not likely to happen. The supply-chain problems that contribute to higher prices are broken for the duration. So we have a supply problem combined with a money problem, the first of which Biden won’t fix and the second of which he cannot fix. Crypto Bombshell Caught LIVE On Camera Crypto millionaire James Altucher recently received this mysterious package in the mail: [Click here to learn more]( Click Here to See James Open It LIVE On Camera Inside is a special device that EVERY crypto investor needs in their arsenal… One that’s delivered as much as $1,170 per month or more in passive crypto income. Today, you’ll discover what this piece of equipment is, and how YOU can get your hands on one. (Plus ANOTHER very special bonus opportunity!) [Click here to watch the video](. The Fate of the Dollar I will attempt to recreate a very revealing example I saw in a meme yesterday. Let’s say you have one dollar now and let’s track it’s value over time under existing inflation rates: 1 year later: $0.92 2 years later: $0.85 3 years later: $0.78 4 years later: $0.72 5 years later: $0.66 Three years after that, you have lost half your money. The year would be 2030. Or consider the same under the Amazon Prime figure of 16.8%. Starting with $1: 1 year later: $0.83 2 years later: $0.69 3 years later: $0.57 4 years later: $0.47 5 years later: $0.39 Three years after that: your starting value of $1 is now worth $0.21. Not even a quarter. There are few salaries that can keep up with that level of depreciation of purchasing power. In good years, the financial market returns to keep up but when bear markets hit, things can get grim really fast even for the smart money. This is precisely why everyone is so worried about the Fed’s plan to tackle inflation via rate increases. It is not at all obvious that it can work, at least not in time to save the administration's popularity for the midterm elections. Stealing Money I’ve been writing about money and government for decades. My undergraduate thesis was on Ron Paul’s efforts to reinstitute a gold standard. I’ve been utterly enraptured my whole career with how government uses its control over money to oppress the people. Usually it has taken the form of the inflation generated to finance the welfare and warfare states — or just state expansion in general. Even after all my studies, I could not have anticipated what we’ve seen in the last two weeks. Ottawa has shown us a darker side of state control of money and finance: complete political control. The prime minister declared an emergency, put the House of Commons on a “temporary” recess so that it could not be ratified, and we hear that the government is right now locking the bank accounts of the organizers and main funders. It is a police state made possible by state control of financial intermediaries. This is the first full deployment of a power than most states in the world possess. The world is watching to see how it works. If the powers that be can put down political opposition through such means and it works, and doing so costs far less than deploying police, and also forestalling ugly videos of political dissidents getting arrested, it will be done again and again. People have often asked what the reason for a robust crypto sector is. What’s happening in Canada today provides the best case we’ve yet seen. Regards, [Jeffrey Tucker] Jeffrey Tucker 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.]( [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](. 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