The Depth of the Deep State on Full Display [Gilder's Daily Prophecy] April 23, 2022 [UNSUBSCRIBE]( | [ARCHIVES]( Urgent: Market Doomsday Indicator Flashing Red. [Click here to learn more]( This little-known â[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. The Depth of the Deep State on
Full Display [Jeffrey Tucker]Dear Daily Prophecy Reader, Who couldn’t see this coming? Only people who imagine that the federal government is some kind of neutral player in the market. It turns out that the SEC and the Biden Justice Department has initiated just now a wide-ranging inquiry into Elon Musk’s Twitter account and how it might have illegally affected Tesla’s share price. It’s the kind of inquiry that can tie up a company and an individual for months and years. Does this have anything to do with Musk’s offer to buy the whole of Twitter at a price that is wonderfully profitable for all existing stockholders? Oh surely not! It’s just a coincidence that this is happening just as Twitter itself has initiated a “poison pill” strategy to avoid a Musk takeover, one which would rob stockholders of potentially huge profits, and even drive down the stock price to new lows—effectively sabotaging the company to avoid the worst-possible fate: that it would become a platform for free speech. Amazing. The Board Rules And how is that offer going by the way? Well, of course such things have to be approved by the Board of Directors. As it turns out, the board is packed with elite nobodies who have very little stock ownership of the company at all: less than 0.1%. And yet, this board is in a position to decide the company’s whole future. Jack Dorsey chimed in here and agreed that the board of Twitter is a major reason for the company’s dysfunction, which is to say that this is probably the real reason he resigned. Even as founder and CEO, he could not overcome a terrible Board of Directors. It must have driven him crazy. When he was asked if he was allowed to say what he said, he responded “no.” What a remarkable peek this is into the deep catastrophe of corporate America. The whole idea of public stock markets, for hundreds of years, has been to allow the ownership and control of large corporations to be accessible to everyone on a democratic basis. The owners determine the board and the management, and thus everything is kept on the path toward honesty and efficiency. That’s the idea in any case. The reality in our times is different. Regulatory bodies have done everything possible for decades to stop markets from working as they should. They have installed people on boards of the biggest companies who don’t own a stake in the company but get to dictate management decisions at every level. 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There is a common belief that such thickets do not occur in the free-wheeling for-profit sector, where adaptation to market realities surely drives all policies, personnel, and management strategy. Maybe that was true some decades ago but it is no longer the case. The dust up of Twitter and Musk proves the point perfectly. Here’s what happens. A startup gets going and experiences great success through innovation and marketing, all driven by founders and top-of-the-line workers who get what the company is about. There comes a moment when the market potential of the company outstrips the ability of private investors, who bear the full risk of the leverage needed to get to the next level. These investors urge the company to go public. Here the problems begin. The founders are already losing control and the bureaucrats and salivating early investors are starting to take over. To prepare for a public offering, the board is reshuffled to include big-shot personas liked by the regulators and risk-averse big institutional investors. These people are purely cosmetic but they can make the difference between a flop and a great success. So the board effectively becomes corrupt, even if it has yet to reveal itself. The company goes public and all seems fine for a few years until the founders and actual innovators at the company have an idea that deviates from the past. The board starts to grumble, especially if the new idea threatens incumbent market players and government regulators. That’s when the tug-of-war begins. It can last for many years. This is what happened to Twitter but it has happened to thousands of other public companies. It’s absolutely mortifying to watch, and this explains why so many successful companies have worked very hard to avoid public markets: they know that it will mean giving up control and ultimately becoming part of a deep-state apparatus. And this is precisely why George Gilder has put so much emphasis on private equity investment in emerging technologies and companies. Many of today’s entrepreneurs are watching what is happening at Twitter and so many others and swearing that they will avoid that hell. The only way to avoid it is to avoid public listings for as long as possible, and maybe forever. There is an element of tragedy here too. It’s one of many examples of how a deep-state apparatus has targeted the capitalist spirit for control and even destruction. Control Your Mind What’s unusual about this fight is not that it is taking place but how public all the details of it have been. Rarely has the deep state been so open about its desire to control the public mind, and the mechanisms it uses to go about doing so. Many people believe that the stakes are so high with Twitter that they are willing to go all in, even to the point of putting their own corruption on public display. There isn’t a soul who is interested in this topic that doesn’t see all of this for what it is. And think about it. Who has an interest in keeping this former free-speech platform wholly censored and curated so that it remains a voice for deep-state priorities? Big media. Big government. Big pharma. Bill Gates. CDC. WHO. WEF. All of them—all of the machine. That’s the threat level that Musk offers here. As I [wrote last Friday]( public opinion has become a powder keg ready to blow. Elites are desperately holding on to their power to push that outcome as far into the future as possible. Which truly does raise the question: how deep is the deep state? Much deeper than anyone has heretofore realized. It is so pervasive in this country and in many parts of the world that no single politician stands a chance to fix it. Even if Republicans take control of the Senate, the House, and eventually the presidency, the amount of reform necessary to fix this problem simply cannot come close to being achieved in one election cycle. I hope I’m wrong in my prediction but I do not believe Musk will be successful. The board will prevail and accounts that cheered the prospect of his takeover will be targeted, throttled, and eventually deleted. The stock will sink ever further and the board will declare a job well done. I would be thrilled to eat those words. 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](. 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