Forty Years of Glory Have Ended

Maybe two years ago, there was a chance to dig our way out of this pit of hell but that seems ever less likely with each passing day. [Gilder's Daily Prophecy] March 10, 2022 [UNSUBSCRIBE]( | [ARCHIVES]( Urgent market warning from a former CIA insider Stop whatever you are doing and read this message now… Because just days from now, Jim Rickards – a former advisor to the CIA and Pentagon, is going live with his most urgent prediction to date….You see Jim has found a strange pattern that has preceded nearly every major market crash going back to 1919. One that he says will begin to appear in an obscure market just days from now… Which is what makes what he is going to say on Monday March 14th at 2:00PM ET from outside the White House so important. That’s why, I’m urging you to stop whatever you are doing and register for his free event now. [Click Here To Register For Jim’s Briefing From Outside The White House And Learn How To Prepare For A Market Meltdown]( It’s come to our attention that you might be missing out on extra benefits exclusively for Gilder's Daily Prophecy subscribers. Check out our website where you can find archives, updates, and everything else included in your subscription. You can access it by [clicking here now](. Forty Years of Glory Have Ended [Jeffrey Tucker]Dear Daily Prophecy Reader, The new inflation numbers are out. It’s 8%, or so they say. Not even that is believable. It’s already double digit. Let’s look at the bigger picture. But first, a frightening anecdote that concerns information restriction. It provides a telling symbol of our times. Russia Today America, with its expansive offices in D.C. and mostly-American staff, has been shut down completely. By whom, and the exact circumstances, I still do not know. It was a hugely popular show. Very high quality. You can say “oh it was Putin propaganda” but I never experienced that. I appeared often, and have for years, on “Boom Bust” along with some very good reporters and commentators, including my friends Ben Swann and Rachel Blevins. It was one of the few independent journalistic outlets that offered alternative points of view. I was never censored, not once. Some shows offered extended discussions that allowed me to debate and speak for 20 minutes or more, which is basically unheard of in American media. “Boom Bust” in particular reported on subjects that others don’t cover, like the crypto industry and the real status of inflation, and other subjects Did they get government funding? Yes, and so does BBC, PBS, NPR, and Canadian Broadcast Corporation. Every country has a state-funded media outlet. Oddly, they are often more independent than the ostensibly private media sources. A FOIA request also just revealed that all the major media outlets in the US received billions in funding from the Biden administration to promote government virus propaganda. So there’s that. Many outstanding US citizens found this station to be a refuge from censorship. They worked hard and strived for accuracy. They tell me that they never experienced censorship either. Now it is gone. With it goes a powerful and valuable alternative source of information. I enjoyed going on the station because it alway struck me as a sign of peace between two nations that were at war for so long. It was a symbol of a better, more prosperous and peaceful world. Now here we are today: the US is in a de facto but undeclared war with Russia. No one calls it that, but when the US is provided armaments through intermediaries to the forces that Russia is battling on its border. The dangers right now are intense, on all fronts. Expert Predicts New Opportunity Is “Bigger Than The Industrial Revolution” A top venture capitalist says cryptos will be “bigger than the Industrial Revolution.” But according to MarketWatch, only about 1 in 10 Americans own any crypto at all… In other words, 90% of people are about to miss out on this once-in-a-generation opportunity. That’s why one Bitcoin millionaire just put out a brand-new book, where he shows you exactly how to get started. [To see how to claim your complete crypto guide, click here now]( The End of An Era Since the end of the Cold War, the US military-industrial complex has been searching for a reliable enemy that the US population could hate, as a way to distract from the misdeeds of the political elite at home. After decades of cycling through them, it appears that the old enemy was the best enemy. And with a small turn of a dial, vast swaths of high-end opinion are exclusively focussed on the plight of Ukraine. Even Orwell blushes. Meanwhile, gas prices are at a 40-year high. Inflation is now arguably higher than in a century. The US president blames it all on Putin, even though the Biden administration itself has worked since taking office to curb US fossil fuel production. Today, the same administration is blaming the US oil industry for not producing enough! The whole thing is rather mind blowing. I promised the big picture. Here it is. The prosperity and relatively low inflation plus economic growth — never as great as it could have been but not entirely shabby — of the last 40 years has come to an end. It seems more obvious in retrospect what happened here, even if it wasn’t entirely visible until now. Here are the important dates. 1948: The General Agreement on Tariffs and Trade passed as the main structure for bringing about global free trade. It was never fully free, but the long-run trajectory was toward ever lower tariffs and barriers and ever more internationalization. This became a major contributing factor to building prosperity. It’s in line with Adam Smith: the more extensive the division of labor, the more gains to efficiency and wealth. Decade after decade, the system produced fabulous prosperity, even in the midst of the Cold War. The nuclear standoff between the US and Russia, mostly mediated through diplomacy, paradoxically forestalled World War Three, and assured that most conflicts were regional. The secular trend in the US was toward rising stocks and rising wealth. 1989: Unexpectedly, the Soviet Union completely fell apart. The Berlin Wall fell. Eastern Europe threw off the yoke. New nations were created out of old ones. At the same time, China had made enormous progress in opening up economically. This combination of events introduced billions of people to the world economy, drove up production, stabilized wages, and led to a new era of astonishing growth. 1995: The web browser was invented and the digital age began. The world was connected. New opportunities for entrepreneurship and innovation were everywhere. Competition intensified. Markets for everything exploded. The dollar was the king of the world. The Fed had new opportunities to expand money printing because the markets were everywhere and expanding. We avoided inflation generally. Americans and the world benefited enormously. It felt like there would be no end to the progress. 2018: Donald Trump embarked on his long-promised protectionist campaign, slapping tariffs on everything, pulling out of trade treaties, inveighing against any government with whom the US carried a trade deficit, creating a digital iron curtain with China, and generally violating every precept of the postwar consensus. He did a lot of good, to be sure, but his personal and wild fixation on economic nationalism was his undoing. It didn’t work either. It only increased prices for goods and services in the US and goaded no country in the world toward better behavior. It also led to a target being put on his head. This was the beginning of the end. 2020: I don’t need to recount the grisly and grim details of this horror-filled year. It was shocking, with hundreds of thousands of businesses being destroyed. The Federal Reserve accommodated Congressional spending like never before, guaranteeing a future of inflation. That should be unbearably obvious now but, truly, it was denied back then that this would be the outcome. Here we are today in a de facto war with Russia. What poetry! What madness! The progress of 70 years has been fully reversed in a mere 4 years. The dangers are hugely present all around us today. We don’t really know how the public is going to respond to living amidst the dramatic weakening of the currency, and the end of the American empire. I asked a historian last night how previous empires dealt with decline, speaking in particular of Spain and England. He said that it is never obvious in the generation that most directly experiences the new chapter in history. Everyone pretends that the glory is still there and that nothing has really changed. It can take a century or more before the realization sets in that the empire and the good-old days are fully gone. We truly did not know how good we had it. The history I just summarized pretty much covers the life of most all Americans alive. The world we are entering now is unlike anything we’ve previously experienced. Maybe two years ago, there was a chance to dig our way out of this pit of hell but that seems ever less likely with each passing day. Regards, [Jeffrey Tucker] Jeffrey Tucker P.S. Urgent market warning from a former CIA insider Stop whatever you are doing and read this message now… Because just days from now, Jim Rickards – a former advisor to the CIA and Pentagon, is going live with his most urgent prediction to date….You see Jim has found a strange pattern that has preceded nearly every major market crash going back to 1919. One that he says will begin to appear in an obscure market just days from now… Which is what makes what he is going to say on Monday March 14th at 2:00PM ET from outside the White House so important. That’s why, I’m urging you to stop whatever you are doing and register for his free event now. [Click Here To Register For Jim’s Briefing From Outside The White House And Learn How To Prepare For A Market Meltdown](. Trump’s Secret Legacy In July 2020, the Trump administration oversaw a RADICAL change to the tech world… one that could unleash a huge wave of disruption… prosperity… and wealth creation in the near future. Chances are, you haven’t heard about it until today. But according to one of America’s most respected tech forecasters, it’s set to create small fortunes right here in this country. He recently went on camera to explain why – [check the footage out here while it’s still available.]( [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. 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