They are Lying About Inflation

Whether it's the inflation, the public anger, the horrifying scenes in Shanghai, or the impending recession, life has become almost unrecognizable and threatens to get much worse. [Gilder's Daily Prophecy] April 11, 2022 [UNSUBSCRIBE]( | [ARCHIVES]( [VIDEO] Why Your Next Flat Tire could Bankrupt You [Click here to learn more]( Soon a deadly economic force could drive the price of tires from $120… to $1,200 PER TIRE! Few people alive today have seen this force before… Yet each of the 30 times it struck throughout history… Once-upstanding citizens, with plenty of money, were thrust into poverty. [Follow this simple action plan]( and you’ll be able to protect your family. You could even emerge from this crisis much richer than you are right now. [Click here for full details.]( They are Lying About Inflation [Jeffrey Tucker]Dear Daily Prophecy Reader, Finally, we are starting to see the national media confront the issue of inflation. Despite the desperate desire to keep people calm and reduce the anger at government and Biden in particular, media voices have to be responsive when all polls indicate that inflation is the number one issue in the country. And it makes sense why this issue is number one. Money is the lifeblood of economic life and people’s standard of living. When the dollar is dramatically declining in value, people become very alarmed that their visions of life and progress are shattered. They are working harder than ever, even while getting dramatically poorer. A friend wrote to me from New Jersey that Whole Foods has replaced its large shopping carts with smaller ones and she wonders why. My theory: people are buying much less today per customer so that their larger carts just aren’t necessary. Already, the chain is retooling itself as a luxury experience, rather than the place to go for all the food you need. What Is the Real Inflation Rate? In any case, in every media report, we keep hearing about inflation running 7.9% but most people are not entirely that innumerate. They know what they see and they can check their bills and expenses. It is far worse. How much worse? I’ve run my own polls and seen much higher numbers. But why should things be so uncertain? Don’t we have the tools to make accurate assessments of inflation? The Department of Labor is still using medieval methods of sending employees out to stores to check stickers, as incredible as that sounds in the age of the Internet. I spent a few hours this weekend looking through a new project called [Truflation](. It has deployed a series of APIs to run constant price checks on companies with an online presence, and is allowing an algorithm to collect the data on a decentralized blockchain (which is also tokenized). The results give real-time updates on pricing trends. Further, the method here weights the results according to purchase frequency. It therefore provides a much more accurate result of what’s really going on out there. It’s an impressive effort, and credible so far as I can tell. The rate of inflation as of this moment of writing is as follows. The low end is 11.6%. The high end is 15.9%. The average is 13.5%. That sounds much more accurate based on my experience and those of others who have variously answered my inquiries. That makes this rate higher than anytime in US history, especially since this is clearly not just a one-month trend but is anticipated to last and even get worse. In other words, this crisis is real. It simply will not do for major media figures to keep repeating the results of government surveys, which are on the verge of being as discredited as the CDC and the rest of the machinery in Washington, D.C. Here is what Truflation says about prices in general right now. [chart] Drilling down a bit to food, we do find a real shock here: a 58% YOY increase clocked back in October. Even now, it is running 29%. [chart] These are just astonishing numbers. The Biden administration has a very serious problem, which is why the administration is trying to blame private enterprise for this. It is suggesting investigations, which are a de facto form of price control. Make no mistake: such controls will lead to more shortages and lower production. That helps explain why Biden is warning about food shortages: he is contributing to causing them. Urgent: Market Doomsday Indicator Flashing Red. This little-known “[market doomsday indicator]( has appeared before nearly every major financial crash in recorded history. And now after years of silence, it has begun to ring out again… And if it chimes even just one more time…It could be game over for the markets. With some experts already predicting that we could see a dow drop of 80% or more practically overnight. If you are holding any stocks, real-estate or cryptocurrencies… Then I’m urging you to drop what you are doing and watch this now. Because if you miss [this warning]( now, once the crash comes… It will already be too late. Shanghai’s Disaster Inasmuch as the media has started to report, however sheepishly, about the inflation problem, another astonishing and shocking turn of events in Shanghai has gone almost entirely unreported, except for those people who care about the subject. We are now several weeks into a full lockdown of one of the world’s most important port cities. In Shanghai, 25 million people have been locked into their homes in the name of virus control. The government is separating parents from children, killing pets, sending drones with mass instructions for people, and effectively starving many who find it nearly impossible to get food. It’s a dystopian scene in a country that most of the world had assumed was prosperous and stable. It’s all happening in the name of controlling a virus. President Xi Jinping apparently took pride in what he presumed happened in Wuhan, namely that he stopped virus spread. He didn’t. This virus is universal and nearly everyone in the world will catch it. No amount of lockdowns will stop it. But flush with power and a wild exaggeration of his personal prowess, he believes (apparently) that he can stop the spread of this virus again. Listening to the screams of people from skyscrapers is absolutely chilling. The atmosphere feels very nearly revolutionary. My friends there are trapped and feeling very panicked. At what point will the people rebel and what form will it take? It’s hard to say, but it seems like anything is actually possible at this point. Recession Certainty I’m crowding many topics into this one letter but the world has become extremely fragile, politically and economically. It is affecting everyone. And now many economists are starting to warn about what we’ve written about many times: an impending recession. They are basing their judgment on interest-rate trends plus watching bond markets. All signs point to what everyone had thought to be impossible: an inflationary recession. This might indeed be our Atlas Shrugged moment, in which all that we believed was stable and function stops being both. Whether it's the inflation, the public anger, the horrifying scenes in Shanghai, or the impending recession, life has become almost unrecognizable and threatens to get much worse. At this point, the only hope is for a sudden shift to wise leadership. How likely that is I leave to you to discern. Regards, [Jeffrey Tucker] Jeffrey Tucker P.S. My friend, colleague, and former CIA insider Jim Rickards, just “broke rank” with the Washington elite and released a [shocking video]( It contains details of a plan from an institution with close ties to the government that could destroy the lives of millions of Americans at or near retirement age. This is one of the most incredible stories I have ever seen. And if Jim is right, I doubt anyone in Washington would want you to see[this](. That’s why I’m sharing it here. I want to help make sure this story gets out. If you own any stocks, bonds, cryptos or mutual funds, I’m urging you to [watch this now](. Because come tomorrow morning it could already be too late. [Click here to see Jim’s message now](. P.P.S. If you have questions or comments about this e-letter or our services, please email us at askgeorge@threefounderspublishing.com. Get In On Some Of The Fastest Moving Cryptos Of 2022 Completely FREE! Virtually hundreds of tiny cryptocurrencies have shot up 1,000’s of percent over the last year.. [Click here to learn more]( And our crypto expert James Altucher has found a weird ["back door"]( way into these types of fast moving cryptos completely free. One that requires NO monetary investment on your end... (just a few minutes of your time) I know that sounds crazy, but it’s 100% true.. Just [click this link]( and James will explain everything in less than 2 minutes. [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[.](