Have Our Rulers Gone Completely Mad?

We can hope and pray for policy rationality to return. But we must also be realistic. This is a crisis with no end in sight. [Gilder's Daily Prophecy] March 24, 2022 [UNSUBSCRIBE]( | [ARCHIVES]( Gilder: “The Internet Is Cracking.” [Click here to learn more]( As you know, “The Cryptocosm” will eventually replace the current architecture of the internet… …and trigger one of the greatest technology disruptions of our lifetime. That’s why George writes, [“The Internet Is Cracking”]( But here’s the thing… This epic disruption – and the [profit opportunity]( at hand -- may be coming to a head much faster than any of us expected… [Here’s why…]( Have Our Rulers Gone Completely Mad? [Jeffrey Tucker]Dear Daily Prophecy Reader, Before we get to our daily issue.. There is something urgent I’m asking you to take a look at. One of my colleagues just made a rather interesting discovery regarding the future of “The Cryptocosm.” Specifically, he’s pinpointed a handful of [tiny investment speculations]( that are poised to ride alongside an exponential growth curve over the coming years. (According to his research, he’s projecting a 9,900% industry boom by 2026). George even recorded a short video clip explaining everything. [[You can watch it here.]( It’s not long. Maybe three minutes or so. I hope you take a moment and watch it at your earliest convenience. After you take a look, read on below… Have a look at the shock on people’s faces as they leave the grocery stores these days, or the as they stand filling up their tanks at the gas station. Their jaws drop and they wonder what is happening to the world. The answer is the policy disasters of the last two years. The bill is coming due and everyone but the masters of the universe is paying it. The value of the dollar is sinking rapidly, more rapidly than in our lifetimes. Nor is it coming back. The people who hold power today seem completely clueless about why this is happening. Actually, that’s a charitable interpretation. They might just think it is great. High gas prices are pushing a shift to electric cars, presumably to manage global climate (I’m a serious doubter that anything like that is possible by policy). Or maybe there is an impulse here just to redistribute wealth and disorient people to create new levels of dependency. Whatever the reason, I’m seeing absolutely no signs that anyone at the top has any intention to put a stop to this. Kill the Snake in the Garden! The Biden administration — total geniuses up there! — have been hunting around for the source of price increases, as if there is some single greatest offender out there in the markets. They won’t blame the Fed of course because the Biden administration considers a monetary policy war against inflation to be a potential political disaster. It would drive the economy into a statistical recession. Then they would doom themselves at the midterm. Better to let inflation rip than risk that. So instead, they are looking to scapegoat market actors. It’s preposterous: markets are linked in ways that are impossible to trace and understand. You cannot map it. It’s too complex. It cannot be designed. It cannot be gamed. But tell that to the credentialled experts who believe that they have it all going. So some geek in the White House noted that shipping prices are through the roof. They reasoned that these high costs are putting pressure on all producers, which in turn is being passed on to consumers. What to do? Crack down on the shippers! That’s exactly what they haven done by unleashing the Federal Maritime Commission, “an independent agency that polices international ocean transportation on behalf American companies and consumers.” What the heck is the FMC going to do? Oh, harass people. Send letters. Investigate. Make big demands. But this much is clear during inflation: everyone, without exception, has a thoroughly valid reason to raise prices. In this sense, they are all telling the truth that it is not their fault. Finding some single or several or many key offenders during a hyperinflation is like hunting for the offending cloud during a hurricane. Urgent 2022 Prediction: The Dollar Is Dead! of all dollars in existence have been printed since 2020. That’s why prices everywhere are soaring, and more and more people are starting to lose faith in our currency. But not all hope is lost… In fact, according to one expert, crypto is the perfect way to sidestep a crash in the dollar – and even come out ahead! [>> To see why, click here now](. Another Stimulus One of the great independent journalists who has really found his mojo during this crisis has been Jordan Schachtel. His substack account seems often ahead of the major news. He drew my attention to something so bizarre that I never imagined it would happen. He believes that the politicians are, right now, plotting another stimulus check drop on citizens as a way of helping people deal with inflation. True story! It’s actually a level of policy insanity I’ve not seen in my lifetime. This would be like pushing a drowning man deep under water. Far from coming to terms with their mistakes and acknowledging their errors, the rulers of our fiat system, in their infinite wisdom, may soon decide to fight inflation with… you guessed it, more inflation. Sounds crazy? No way they would be that ridiculous, right? Well, I have some news for you. It’s already happening in Canada. Quebec has announced that they will give a $500 stimulus check to everyone that makes $100,000 or less. This handout, which is expected to reach 6.4 million Canadians, will "help Quebecers cope with the sharp increase in the cost of living that we have seen in recent months,” Finance Minister Eric Girard said Tuesday. Following Canada’s lead, a group of democrat congressmen have just introduced a bill to hand out “gas price stimulus checks” to Americans. The timing of this new bill should not go unnoticed, as midterm elections are just around the corner in November. Two Congressmen are hyping a bill to give $100 a month to all citizens who live in areas where gas prices are above $4 per gallon. Do the math on this and you end up with an annual bill of $168 billion. This comes after many people in Congress have started to slightly worry about their spending programs. And of course, once you do this with gas, there is no reason not to do this with food, rent, medical bills, or anything else. You end up with a mind-blowing system in which government is forever printing up the currency to compensate people for the consequences of previous money printing. CNN is helping to drum up support: The administration should ask Congress to authorize a payment of $1,100 per household to pay for four months of higher prices going forward, and provide an option for the president to provide a second or even third check to low-and-moderate income families for an additional four months in the event that prices remain high. We don’t know when this crisis is going to end or when prices for essential goods and services will return to more affordable levels. It’s the Interwar Period All Over Again Here we have a scenario straight out of the history books. We are talking about Weimar-level insanity here. But what’s to stop it? The current political winds all lean in this direction. So long as Democrats are in control and the Republicans are stupid and afraid, even as the Fed is embrassingly bowing to every political pressure, something like this cannot be stopped. If this continues, we could be looking at a full-scale monetary crisis of epic proportions, as we approach the midterms. Even then, Congress under Republican control simply cannot manage the Fed, which owes its entire allegiance to the executive in the White House and the deep state. That means two more years even after November of utter policy disasters. Wow, I really do get tired of reporting terrible news! I wouldn’t have to if the major media could cover these topics with any level of intelligence or honestly. But they don’t. And the failure to do so is having a major impact on the standard of living, which is taking a hit much harder than we have seen since the early 1930s. This is both in the US and Europe. Really all over the world. We can hope and pray for policy rationality to return. But we must also be realistic. This is a crisis with no end in sight. Regards, [Jeffrey Tucker] Jeffrey Tucker America’s #1 Futurist George Gilder’s 2021 Prediction Will Stun You [Click here to learn more]( “We’re headed for a potential [$16.8 trillion reboot]( he says. This “reboot” could create the largest wealth generation in decades. And it has nothing to do with politics, the coronavirus, or the Fed. [Click this link]( to see how to tap into this wealth revolution and learn how it could make you very…very…rich. [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](. 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