The Top Prophecy of the Week

The True Intentions Behind a "Renaissance Billionaire" February 8, 2020 UNSUBSCRIBE | ARCHIVES Warning: Are You Leaving $3,000 per Month on the Table? A world-renowned entrepreneur, investor and author created a firestorm by revealing one of the elites' best-kept secrets to the folks on Main Street. He even issued a $3,000-per-month INCOME GUARANTEE. That's right… he guarantees you'll see how to collect $3,000 per month… each and every month… Because of the controversy, this eccentric multimillionaire took this viral video offline. Today he's agreed to post it online again… But only until this Sunday at midnight. Click here to see it now while you still can. The True Intentions Behind a "Renaissance Billionaire" Dear Daily Prophecy Reader, The world is full of people angling to meet a generous billionaire, emerging out of the blue, to bail out their business, marry their daughters, or bankroll their dream. The demand for these providential fellows sadly exceeds the supply. But the difference is gladly made up by cogent conmen and crooks. They often go by two first names: George Frederick, Richard Joseph, and the like. I was recently lucky enough to meet a suave "billionaire" investor who claimed links to the fabulous Renaissance Fund that I described in Life After Google. A smoothly engaging and articulate chap in billionaire denim, he sought to join me and my brilliant "Man on the Margin" Mike Kendall in a massive program, resembling Renaissance's Long Island data center, to launch a new cryptocurrency. Perhaps it would be a new "Gilder" that overcame the flaws of bitcoin described in my last chapters. Hey, I thought it was a great idea. Unfortunately, all my daughters are happily married to non-billionaires, but this guy was ready to bankroll all my dreams for a new currency and new architecture for the internet. The Bitcoin Flaw As Kendall will explain, the bitcoin flaw cripples all the other cryptocurrencies. It is the monetarist error of Milton Friedman. It consists in targeting the money supply, and letting the price gyrate for speculators.  The correct policy — tested by centuries under the gold standard — is to peg the currency to a monetary value, such as gold, and let the supply grow to meet the demand of entrepreneurs with profitable plans to use the money.  In our campaign to save the world by correcting crypto, we were exultant to meet a Renaissance billionaire with bottomless pockets. Delaying our grand plans, however, were minor snags. For one thing, the guy had no money. And he was shortly arrested as a conman and fraud with many previous convictions. So much for the new "Gilder," linked to time-prices. On Oct. 23, this filthy-rich billionaire got an amazing tip… On Oct. 23, the filthy-rich billionaire who runs Facebook… Got an amazing recommendation… Straight from one of the highest-ranking Republicans in Congress. It was so potentially lucrative, we believe any American could use that same advice to make an absolute fortune over the years ahead. Maybe that's why we offer the same advice here — absolutely free. Click the link you see above for details. The good news is that Mike Kendall has been honing his views on cryptocurrencies to a new mastery just as I am scheduled to travel back to the UK to keynote a CoinFest on February 20 with Craig Wright. The putative Satoshi Nakomoto who invented Bitcoin and the blockchain, Wright is now pioneering a new "hard fork" of Bitcoin called Bitcoin Satoshi Version BSV. Relaunched today, February 4, with a new "Genesis Upgrade," Bitcoin Satoshi Version is a marvel, overcoming all the scaling problems and other flaws of the original bitcoin. It adds further evidence for the case for Wright as Satoshi, rather than a "conman" as some experts have charged. However, it does not correct the fundamental problem of a currency with a volume cap. Mike Kendall comments:  "I can watch the crypto effort play out in front of me while already knowing the ending. You have to look at the crypto space as two separate innovations. Wright's Bitcoin attempts to overthrow the existing fiat system and redefine the internet architecture in accord with the Life After Google vision.  There are many derivatives of Wright's Bitcoin, but you can ignore them. Wright is the only real player that space. Wright's Bitcoin creates a currency independent of the fiat system and is the only potential disruptor of the fiat system. The other crypto innovation attempts to apply blockchain technology to make the existing fiat system more efficient. This is Giuseppe Gori's Gorbyte, R3's Corda, Jeff Garzik's Bloq and all the many other efforts by big banks and corporations at distributed ledger technology, DLT. The currencies involved in this are not decentralized and do not compete with the fiat system.  There's nothing wrong with these efforts at increased efficiency, but they will not redefine the internet architecture and overthrow big data. They will only play around the edges of the fiat system and enable it. Currencies such as Libra and any other central bank crypto efforts are merely digital fiats." Tomorrow I will tell a further chapter of this story: The Wright Stuff. (If you're interested, here's the article of the con man that inspired this Daily Prophecy.) Regards, George Gilder Editor, Gilder's Daily Prophecy P.S. My publisher recently stood in front of a camera to issue an urgent announcement, and it's something that I predict you will remember vividly 10 years from now. He is talking about a revolutionary $3,000-per-month income guarantee. He wants to show you how you can collect $3,000 upfront per month. I'm sure you've never seen anything like this before. Click here to see what he has to say. THE "SECRET" WHITE HOUSE MEETING THAT COULD GUARANTEE TRUMP'S REELECTION IN 2020 There were no official cameras… No official minutes were taken… No official record was made of the meeting at all. But we've uncovered what I believe was discussed at this meeting and the GAME-CHANGING impact it could have on the markets… Click here to discover how you could make a killing thanks to this. To end your Gilder's Daily Prophecy e-mail subscription and associated external offers sent from Gilder's Daily Prophecy, click here to unsubscribe. 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. Gilder Press, a division of Laissez Faire Books, LLC. 808 Saint Paul Street, Baltimore MD 21202. 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. © 2020 Gilder Press, a division of Laissez Faire Books, LLC. 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 Gilder Press, a division of Laissez Faire Books, LLC. EMAIL REFERENCE ID: 401GDPED01