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The Administrative State Unleashed [Gilder's Daily Prophecy] June 11, 2022 [UNSUBSCRIBE]( | [ARCHIVES]( Biggest change to our money in 4,000 years Jim Rickards of one of America’s top financial forecasters. And you won’t believe [what Jim is predicting next](. It’s the biggest change to our money in 4,000 years. And it will change EVERYTHING about your daily life, from where you shop, to how you manage your savings, to where you choose to live. [Go here now to see the dire consequences of this major monetary shift](. The Administrative State Unleashed [Jeffrey Tucker]Dear Daily Prophecy Reader, Daily, the White House tells us that all our suffering is in our heads. We are actually doing really well — at least as compared to last year. Oh, there’s inflation but that’s only an opportunity to transition to relying on the “wind and the sun.” So stop your kvetching. What’s your problem? Don’t you want a green revolution? Don’t you want to own nothing and be happy? You consume too much as it is. There is a higher joy that comes with deprivation, so shake off the blues and learn to love the new way. Enjoy your wind and sun. It’s becoming very apparent that this administration and the party it represents are probably toast. It’s just a matter of waiting for the next election. And then the next one. Two and half years from now, there will be a chance to start fresh and cut it out with all the insanity in which a bunch of woke Ivies impose their nutty visions on the rest of us. Just wait it out. Thank goodness for democracy, right? The right question to ask is whether it will change anything. You are not cynical if you doubt that much will change. The problem is baked into the structure of government today, which is NOTHING like what the Constitution’s framers imagined it to be. The idea of democracy is that the people are in charge through their elected representatives. The opposite would be, for example, a vast and permanent class of administrative bureaucrats, who pay no attention at all to public opinion, elections, or elected leaders and their appointments. Sad to say, but that is exactly the system we have in place today. Your Real Rulers The last two years have given us a chilling lesson in who really runs the country. It’s executive-level agencies that are utterly unresponsive to anything or anyone, except perhaps the private-sector forces of power that have revolving doors back and forth. The political appointees tapped to head agencies such as the CDC or HHS or whatever are basically irrelevant, clowns about whom the career bureaucrats laugh if they pay any attention to them at all. Years ago, I lived in some condominiums near the Beltway and all my neighbors were career workers for federal agencies. You name it: Transportation, Labor, Agriculture, Housing, whatever. They were lifers and they knew it. Their salaries depended on paper credentials and longevity. There was no way they could ever be fired, short of something impossibly egregious. Naively, I early on tried to talk about issues of politics. They would stare at me with blank faces. I thought at the time that they must have had strong opinions but were somehow prevented from talking about it. Later, I came to realize something more chilling: they didn’t care in the slightest bit. Talking to them about politics was like talking to me about hockey teams in Finland. It’s not a subject that affects my life. That’s how it is with these people: they are utterly and completely unaffected by any political shifts. They know it. They take pride in it. Will You Join “the Wealthiest and Most Powerful People in History”? “Whoever dominates [this technology] will become among the WEALTHIEST and MOST POWERFUL people and companies in history…” That’s what Wired Magazine just said about a 9-letter technology taking Silicon Valley by storm. Big Tech CEOs are clamoring over this breakthrough, set to disrupt the entire tech market. It’s already producing gains as high as 7,753% over the last 2 years… But I’d say 99% of investors are completely missing the big story unfolding in front of them. [>> Click here for the urgent details now <<]( Pictures on the Wall For odd reasons, I found myself spending several weeks in the offices of the Department of Housing and Urban Development. I was doing research and had full access to all records, back when something like that was actually possible for a regular citizen. It was a time when the old politically appointed director of HUD was on his way out and a new one was on his way in. I was quietly working when I heard a series of loud crashes of glass in the hallway. I stuck my head out and watched. A guy was walking along, flicking pictures of the old guy off the wall and letting them crash down to the ground. About an hour later, a guy came along with a broom and swept up the mess. An hour after that, a guy came along and hung new pictures of the new guy on the wall. During the entire noisy ordeal, not one other employee of the agency showed the slightest curiosity about what was happening. They had seen this dozens of times and just didn’t care. Looking back, it’s pretty obvious that this scene sums it up. The permanent bureaucracy is completely unaffected by any of the cosmetic changes in politics. My estimate is that 2 million people occupy the permanent bureaucratic state, excluding things like military and postal employees. The political appointments are about 4,000 and they come and go. Politics is mortal; the bureaucracy is immortal. How Did This Happen? In September 1881, only four months into the first term of James A. Garfield, an angry man named Charles J. Guiteau shot the president. Charles was angry because he thought that Garfield had promised him a job in the new administration. But none was forthcoming. It was a shocking thing, and Congress immediately got to work figuring out how to prevent the next assassination. They had the theory that they needed to end the system of patronage in government so that way people wouldn’t get mad and shoot the president. The Pendleton Act created a permanent civil service. The new president, Chester Arthur signed the bill. It was done: the administrative state was born. It wasn’t so bad at first but then came the Fed, the income tax, and the Great War. The bureaucracy expanded in scope and power. Each decade, things go worse. The Cold War entrenched the military-industrial complex, and the Great Society built a massive civilian-controlling welfare state. So on it went until today when it is not even clear that elected politicians matter much at all. To be sure, the Republicans could do something about this problem but will they? Nearly every elected leader has something to hide. If they don’t, the media can always make something up. This is how the deep state keeps the political class in line, as we saw during the Trump years. My point: let’s not be naive about the prospects for change. It is going to require far more than merely electing a new class of supposed rulers. The real rulers are too smart to subject themselves to the business of elections. Those are designed to keep our minds busy with the belief that democracy still survives. Until the public figures this out, genuine change will still be a very long time away. Meanwhile, the emerging economic crisis is going to unleash the administrative state as never before. Regards, [Jeffrey Tucker] Jeffrey Tucker Urgent: Website Giving Away Free Crypto Today! Crypto expert, James Altucher, has found a little known website that allows you to collect up to $167 FREE crypto! He’s put together a short [2 minute video clip]( walking you through the easy process on how to get yours. 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