Back to Soybean Burgers?

Those with deep freeze units in their garage, stuffed with half a cow or so, are already laughing at the rest of us. [Gilder's Daily Prophecy] April 01, 2022 [UNSUBSCRIBE]( | [ARCHIVES]( ** URGENT NOTE FOR YOU – RESPONSE REQUESTED BY 4/4/22 ** [A big change is coming to The George Gilder Report.]( And as one of George’s readers, this change may have a direct impact on you. What’s going on? As you’re about to see, [we’re launching a brand-new level to The George Gilder Report.]( And as a current reader, we don’t want to see you miss out… That’s why – for a very limited time, until the timer below hits 0 – [you’ll be able to upgrade your subscription when you click here.]( [Seriously. Just click here now to see how to claim your upgrade offer.]( [Click here to learn more]( Once the timer hits 0, however, it’ll be too late… you’ll miss out. I’d hate to see you left behind. [>> Click here before it’s too late.]( Back to Soybean Burgers? [Jeffrey Tucker]Dear Daily Prophecy Reader, When I was a kid, there were two dreaded words: busing and soybeans. Busing was a plan to ship off school kids to different schools far from their neighborhoods, in the name of creating more diversity. There was a huge parent revolt and the plans mostly collapsed after they were tried. I somehow avoided this. The other word: soybeans. During bad economic times, when the price of beef and everything was up and up, and gas lines were growing, there was a new political fashion for everyone just to sacrifice a bit. Hard times, we were told, require that the public get behind a new austerity. No long trips. No cool and bright offices in the summer. Wear a sweater in the winter. And no beef! Everyone at my school ate the school lunch. It was the most exciting part of the day for us, because we got to speak to other kids and actually have some fun. But they were always trying to cut costs by serving the cheapest possible thing. We used to love the day in which hamburgers were served. Then, one day all beef was replaced by…soybeans. They were mushy and tasteless. Something profoundly wrong, at least in those days. Maybe they are better now. I don’t know. But back then, the word alone made people sick. Essentially, we refused to eat them. They would serve them and we would throw them in the trash. In my town in any case, there was a total revolt against the attempt to trick all kids into thinking that beans and beef were basically the same thing. It’s Back! Bloomberg reports: Two crops dominate U.S. farming: corn and soybeans. The former requires massive amounts of fertilizer. The latter requires very little. Which is why the astronomical surge in fertilizer prices -- they’re up some 27% this year and 130% over the past year -- is causing farmers to quickly re-calibrate the amount of each crop they put in the ground this spring. They’ll dedicate about 2 million more acres this year to soy, a Bloomberg [survey]( finds, and about 2 million fewer to corn. It’s remarkable because corn in the US is massively overproduced due to tremendous subsidies, plus protections against sugar imports that make corn more affordable relative to substitutes. But inflation messes with everything, and creates a very confusing world. Higher prices for natural gas cause higher prices for fertilizer and force economization and the search for any plausible way to use less. So what will the US do with a surplus of soy? Look for it to begin in schools: soy burgers. Hey, why not? We are bringing back everything else about the 1970s, the stagnation, inflation, political cynicism, rampant corruption, depression, controls on consumption, and austerity. Beef, which is already up by 16% this year at least, has to go! The hard lesson that our elite central planners are learning right now is that all things in a market economy are connected. It’s impossible to trace out the cause and effect of interventions in every detail. When they were spending like mad two years ago and covering the bills with money printing, who would have imagined that farmers would be replacing corn with soy due to the increased costs of fertilizer? This is why it is usually a good idea not to engage in extreme policies like spending and printing $6 trillion, while locking down the economy. Safest Crypto Play Ever? All cryptos investments are risky… But crypto genius James Altucher just found what could be [the SAFEST crypto strategy EVER!]( All you need to grab this token is a WiFi connection… [And this affordable 12 oz. device](. Every crypto investor NEEDS to know about this. [Click here to watch this short 3:28 video from James Altucher.]( Jobs and Velocity Did you see that Biden is celebrating the new jobs numbers, solely because of the headline unemployment figure of 3.6%? He calls this a historic recovery. That’s not really a good term, having moved from a real and forced depression that never fully appeared in the data into a false boom entirely funded by credit fakery. Yes, there is some recovery out there because how could there not be after this forced killing? Get this: the labor participation rate today is 62.4%, down from a high 67.2% in 2001. Do you know when the labor force participation rate was this low? You guessed it: 1977. This decade keeps haunting us. Let’s talk about velocity some more here, simply because no one else apparently likes to. We saw an epic crash in 2008 and it is not anywhere near back. Think of velocity as the pace at which money is spent by consumers and businesses. Low velocity means high demand for cash over goods/services and high velocity means low demand for cash over goods/services. The less confident people are in the future, the lower the velocity of money is: it’s the mattress effect. Have a look. [chart] That’s just a very weird chart, and it helps one realize a major reason we’ve been able to avoid too much inflation since 2008. Lower velocity helps mask it. That we are living with double digits right now despite this is actually scary. What happens to price pressure when velocity moves the other direction? Well, my friends, this might be the moment we’ve been waiting for. Let’s zoom in here and observe the change in the last quarter of 2021. The data is old, but it reveals some motion. I look forward to the update, but I’m willing to guess that the first quarter this year is going to show more of the same. [chart] Under the equation of exchange (MV=PQ), it’s not just the money supply that is equal to prices and production; it’s the money times the velocity of money. That’s what we are waiting to see change. If this continues, inflation could get really out of hand very quickly. One can observe that this is already happening. There is nothing the Fed can do about it. Welcome to the new austerity! Those with deep freeze units in their garage, stuffed with half a cow or so, are already laughing at the rest of us. For years, certain elite voices have been trying to force a vegan diet on all of us, marketing their “impossible burgers”,that you can eat with joy only by deploying one’s imagination. This could now become a reality simply because economics might demand it. Jeffrey Signoff Regards, [Jeffrey Tucker] Jeffrey Tucker P.S. ** URGENT NOTE FOR YOU – RESPONSE REQUESTED BY MIDNIGHT MONDAY** A big change is coming to The George Gilder Report. And as one of George’s readers, this change may have a direct impact on you. What’s going on? As you’re about to see, we’re launching a brand-new level to The George Gilder Report. And as a current reader, we don’t want to see you miss out… That’s why – for a very limited time, until the timer below hits 0 – you’ll be able to upgrade your subscription when you [click here](. Seriously. Just [click here]( now to see how to claim your upgrade offer. [Click here to learn more]( Once the timer hits 0, however, it’ll be too late… you’ll miss out. I’d hate to see you left behind. [>> Click here before it’s too late](. Russia-Ukraine: Is Collapse Coming? Russia invaded Ukraine on Feb. 24th… Most people didn’t see it coming… But ex-CIA insider Jim Rickards released a SHOCKINGLY accurate report of the Russia-Ukraine conflict… More than TWO MONTHS before Putin’s invasion! And [what he’s saying NOW]( could be the BIGGEST threat to your financial future this year… It’s an event he’s calling [“Bloody Wednesday”](. And if you’re not prepared… Your wealth could be in danger. If you own any stocks, bonds, CDs or ANY other investments… You NEED to see [this video](. [Click here to view it NOW before it’s too late](. 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