Plan? There Is No Plan!

There are ever new depths into which this idiocracy can sink. [Gilder's Daily Prophecy] March 02, 2022 [UNSUBSCRIBE]( | [ARCHIVES]( Crypto’s Next Up-and-Comer Coins See these three coins below? [Click here to learn more]( They could be responsible for the next mega-shift in crypto-tech. And of the 6,000 or so cryptos available today, these three have some of the biggest profit potential of them all. [Here’s proof](. 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](. Plan? There Is No Plan! [Jeffrey Tucker]Dear Daily Prophecy Reader, Before we get to today’s new issue.. There is something urgent I’m asking you to take a look at. One of my colleagues just uncovered the truth behind America’s inflation numbers. Despite the circus of distractions you’re hearing on the news... The lies and the misdirections... There’s one former CIA and Pentagon insider revealing the TRUTH behind the inflation numbers in America. You might have known something strange was going on in America, but I can guarantee you weren't expecting this. [Click here to see the story the mainstream news is trying to bury.]( The speech was a theater of the absurd, sounds meaning absolutely nothing. All of it was carefully constructed to grab back the American center and boost the disastrous polls but none of it meant anything at all. I’m not sure there was even one truthful sentence. Some of it was downright offensive, such as Biden’s claim that he would focus on curing cancer. This is following two years in which screenings have been missed by tens of millions of people due to lockdowns. But, hey, in this speech, the last two years didn’t even exist. Reality didn’t exist. For me, the most precious moment came when Biden announced his gazillion-dollar infrastructure plan, and how it would spread the big bucks all over the country, and then made a passing remark that many people in this room would benefit. “Four thousand projects have already been announced,” he said. “Many of you have announced them in your districts.” Loud cheers followed. Here is the very essence of politics today: pillage you to boost their fake careers. Nothing more. Still, there is meaning to the madness of Biden’s speech last night, especially reference to his supposed plan to fight inflation. The underlying message is: he will NOT bother to fight inflation. If I may say so, I predicted this. Between the two poisons — recession or inflation — the Biden administration prefers inflation. It is likely to end up taking both. Cause and Solution He began the inflation section of the speech by misdiagnosing the problem. He said that existing inflation is predominantly caused by high-priced cars, which in turn traces to the chip shortage, which in turn drove up the price of used cars. The other source, he said, were closures due to the pandemic. Oil prices booming beyond belief? That’s the war. Lumber? That’s factories having shut down. Food prices? Too few meat-processing plants, plus supply chain woes. There’s always something, but none of this addresses the reality that inflation is expressed as an index number, not only this sector or that, but a broad composite of all prices. In no inflation in history have prices gone up uniformly. They hit sector by sector in rolling waves. There is simply no getting around the monetary explanation here. Biden dared not mention it. But if you get the cause of sickness wrong, you are very likely to prescribe the wrong medicine. [Urgent for March 10th 2022] The Biggest Market Crash of the last 92 Years? March 10th could mark the beginning of the biggest market crash of the last 92 years… Bigger than 2008, 1987, or even 1929. And according to one ex-government insider it all has to do with a number the Biden administration is lying about. Once this number hits the mainstream news it’s game over for America. [ Click here now for the details ]( The Plan: No Plan In the interest of precision, I will quote the exact words as they were spoken last night. “One way to fight inflation is to drive down wages and make Americans poorer,” he said. That is code for never allowing a cleansing recession to take place. That is to say: there will be no attempt to dial back credit-fueled expansion that itself is inflation’s major source. That path has been avoided in US policy for 40 years. There is nothing about the governing culture today that would permit that to happen. What this misses of course is that inflation itself drives down wages in real terms. You get the illusion of rising wages and the reality that each dollar earned buys less at the store. “I think I have a better idea to fight inflation. Lower your cost, not your wages.” Genius! If only Weimar had thought of that! I wonder what White House intern made up that preposterous bromide. I’m not even sure what it means. Cost to consumers? Businesses? His prescription here is no better than relying on magic. It’s like shouting “get well” to a cancer patient. It means nothing. It is especially offensive coming from a lifelong government parasite who knows absolutely nothing about meeting payroll, serving customers, competing in markets, dealing with accounting, and so on. Indeed, this quip is deeply offensive to anyone in business. But he goes on to explain what he means: “That means make more cars and semiconductors in America. More infrastructure and innovation in America.” In America! Down with the global economy! Down with trade! Up with mercantilism, protectionism, and autarky! That will surely fix inflation. In other words, he is suggesting that we are years away from controlling inflation. This seems more like a controlled demolition of the US economy. Also, this protectionist prattle is a transparent trick to bamboozle the Trump wing of the Republican party into thinking that he has come around on the trade issue. Okay, we are pretty much done with the plan. Yep, that’s it. Done. Now it was time for the diversionary tactics, beginning with the high price of insulin. Yep. That pertains to perhaps 2.5% of Americans and Medicare pays for around 80% of the cost. It’s surely too high but Biden’s solution is to set the price at $35. That's price control. It’s also a cloud no bigger than a man’s hand. It reveals where he is willing to go on this. Next in the speech we enter the world of the bizarre. He is going to give you a tax break if you weatherize your home. Yes, he really said that. The energy problem, further, is solved by pushing “solar, wind, and so much more.” Finally, his inflation plan is to subsidize child care. My friend, think of this. This supposed “plan” — which even he suggests won’t make any difference for years until the chip and car factories are producing — is what he wants to deploy as his “top priority.” It’s astoundingly bad and utterly meaningless. It would make more sense to distribute “Whip Inflation Now” buttons. Actually, if you think about it, that exhortation is on the level of “cut costs,” which seems to sum up the whole of what he has in mind here. Look, I’m very sorry to have wasted your time by demonstrating the utter absurdity of what I saw and heard last night. There are ever new depths into which this idiocracy can sink. Inflation got you down? No problem. Wait for USA-made computer chips, snap up some cheap insulin, weatherize your home, get a windmill, and take a child-care tax break. Problem solved! Still, you might stock up on gold and bitcoin just in case. Regards, [Jeffrey Tucker] Jeffrey Tucker It's Your Lucky Day! Crypto expert, James Altucher, has found a little known website that allows you to collect up to $167 FREE crypto! He’s put together a short [2 minute video clip]( walking you through the easy process on how to get yours. [Click Here to See How to Claim Your Free Crypto]( [Click here to learn more]( [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. 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