Surviving the Viral New Mania of the Pols

Taking a trip down memory lane... October 28, 2020 UNSUBSCRIBE | ARCHIVES Massive Tech Bombshell as soon as this week? They’re being sent to over 300 million Americans this year. And you may have already received it without even knowing. But these 0.2-inch supercomputers will change the way you shop forever. And for those who get in ahead of the surge, it could produce massive fortunes over the next year. Click here now for the details on how to rake in incredible profits starting as soon as this week. Surviving the Viral New Mania of the Pols Dear Daily Prophecy Reader, I’m on the go this week, meeting with my Publisher Doug Hill in Baltimore to discuss exciting opportunities for my Gilder Press readers. Today, I’d like to reflect on a previous Daily Prophecy regarding the contrarian views of correspondent Spencer Reiss. Keep scrolling… Spencer Reiss, former Newsweek foreign correspondent, Wired contributing editor, and now impresario of tech conferences from New York to Monaco, is still on a prophetic tear. The worse the politicians get, the more Spencer’s contrarian insights sparkle. He used to irritate me with his rote dismissal of almost everything said or attempted by my once and sometimes heroes in Washington and state capitals. He was skeptical about Mideastern wars, gold standards, tax cut monism, Republicans, food fads, regulators, political protests, Democrats, fashionable ideas, and pompous institutions of all kinds. Reiss even instigated John Perry Barlow’s historic “Declaration of Independence of Cyberspace.” You may recall its stentorian rhythms: “Governments of the Industrial World, you weary giants of flesh and steel, I come from Cyberspace, the new home of Mind. On behalf of the future, I ask you of the past to leave us alone. You are not welcome among us. You have no sovereignty where we gather… We will create a civilization of the Mind in Cyberspace. May it be more humane and fair than the world your governments have made before…” And so on into Grateful Dead lyricist Barlow’s immortal poetic defiance of authority. In the age of the Great Firewall of China and government tentacles across the Internet everywhere, with even conservatives eager for regulation, Barlow’s bardic voice is sorely missed. He died two years ago as a result of an infection contracted in a San Francisco hospital where he went for a routine procedure recommended by his doctor. Spencer says at least Barlow was saved from the current San Francisco, “where you can’t walk the downtown streets without protection by a ‘poop patrol.’” Spencer thinks that there are too many cities for his “new economy” vision. Either we start letting in immigrants galore, he says, or many currently complacent conurbations will wither away. He cites Matt Yglesias’s new blockbuster One Billion Americans: The Case for Thinking Bigger. Yglesias is a leftist but one of the many benefits of the Trump administration may be to make the left receptive to the immigration necessary to shake up and revive increasingly dormant American capitalism. So we can be happy that we still have a thriving Spencer Reiss. Taking a Trip Down Memory Lane In the age of COVID mania around the globe, it has become almost impossible to exaggerate the power-mad fecklessness and fatuity of the pols. The world has rotated round to Reis-ville. Back in the late-1990s and early-2000s, Spencer wrote what in retrospect turned out to be the most prescient of all the newsletters from my previous company. Entitled the New Economy Letter, it focused not on the chip and telecom hardware stars of the Gilder Technology Report but on such transformative players as Amazon, Apple, and Google. Hey, my companies made his companies possible. Without Qualcomm. Nvidia, Intel. and Applied Materials, there could be no ubiquitous internet. But the stock market value mostly migrated to the FAANGs (Facebook, Apple, Amazon, Netflix, and Google) and other leviathans at the top of the “new economy.” With the COVID ascendancy of the new economy paladins, I decided to risk a trip to Connecticut for lunch with Spencer at the White Hart Inn in Salisbury, confident I could make my way across the border and back without being quarantined or arrested for the porosity of my mask or the incendiary garland of ideas. Meeting yesterday, Spencer was preening over his bet made with a New York Times reading friend on August 15 that even official COVID deaths would not exceed 200,000 by September 15. Happy to bet against the death side, he won with some five thousand to spare… What's Next For America? We Asked George Gilder... The Reagan Video Clip All Americans Must Watch Reagan revealed his heroes of free enterprise... One of them being the man who predicted the smartphone revolution. That same hero is back with a shocking new prediction... That you could use to your financial advantage. Who is this legend and what's he predicting? Click this link to find out. "Trillions of Dollars Are at Stake," Says #1 Futurist... Looking at the Upside Now the world believes that Trump will lose. But Spencer, no Trump fanboy, thinks that Trump will luck out again. “Trump has nailed his fate to the economy. Biden is betrothed to the triumph of COVID.” “By mid-October, the economy will be doing well and COVID will be pretty much done.” Irving Kristol said it long ago: “We have a new kind of class war — the people as citizens against the politicians and their public sector clients.” “Well-meaning people,” Reiss says, “read the New York Times and imagine they know what’s going on. I cite the data and they thump their sculls and ask how do I know?” “I just pay attention,” he says with a smile. “No expertise necessary.” I tell him that it would be disaster if the pols allow the rescission of Regulation 230 protecting the Internet from liability for its content. I don’t believe that it is possible for any global network to police itself for so-called “hate speech” and “fake news.” I say: “Make the social networks liable and there will be no freedom of speech on social networks. All companies will become like Disney, deferring only to the CCP and the diversity dimwits” (as Disney recently did on their new effete feminoid superbomb Mulan). But Spencer says, “Let 230 go! Throw it out the window. The social networks are already becoming utilities. Mark Zuckerberg is happy to lean back and accept a lucrative role as a government pawn, a Disney of platforms.” “The result of throwing out the special protection,” says Spencer, “will be that all the action moves away from the government ruled leviathans. We’ll have hundreds of social networks, new platforms, real diversity, new entrepreneurial life.” He cites several new companies already doing well challenging Google now; I will investigate them for my readers. He even likes the big-spending helicopter money dispensed by the Trump Administration to contain the damage from the viral new mania of the pols. Although there is nothing good about vast government debt, he points out that the alternative was to give the money to bureaucrats to award to cronies as they are largely doing in China. Better to empower the people than the lawyers and regulators. Reiss also sees an upside in California. Ever since 1910, when the sainted Teddy Roosevelt decided to zero-out forest fires, “bringing on Smokey the Bear, we have been building up piles of fuel, strewing landscapes with wood bombs waiting to go off.” “Prior to 1910, history shows that four-to-nine million acres burned every year. And the Indians used to add to the flames by burning the forests to get at the deer. “But between 1910 and the 1980s, all the stuff that used to burn has been sitting on the ground. In states such as California it is too dry to decay. So instead of burning every five to 10 years, these areas were unburned for a century or so. Then the NIMBY movement came along. Don’t burn the forest near my house. Don’t disturb my asthma.” Today’s Prophecy Reinforced by the greens’ wilderness fetish, the result is that nearly all of California and many other regions are now vulnerable to conflagration. And people who reject masks for COVID are wearing them because of the smoke. Perhaps people will learn a lesson at last. The belief that the government can suppress forest fires resembles the belief that politicians can outlaw COVID or control the weather. It’s King Canute all over again issuing orders to the tides. The greatest wisdom in government came from Irving Kristol’s immortal words: “The unintended consequences of social action are always more important, and usually less agreeable than the intended effects.” That’s Spencer’s message also. We should all pay attention to him. Regards, George Gilder Editor, Gilder's Daily Prophecy Are You Ready for the Great Depression of 2020? According to some economists we’re already in a recession… But now a former CIA and Pentagon advisor is saying this is just the beginning of something much, much worse. And he’s urging  Americans to take these FIVE STEPS to protect their wealth and their loved one. Click here to see all the details. 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. Three Founders Publishing, 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 Three Founders Publishing, 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 Three Founders Publishing, LLC. EMAIL REFERENCE ID: 401GDPED01