Through the Looking Glass: A New Age is Coming

A birthday trick or treat? November 1, 2019 ARCHIVES | UNSUBSCRIBE [Breaking] Results From Our $8,333 Challenge Revealed Seven months ago we guaranteed we could show anyone how to lock-in $8,333 every single month… And if not we'd lose over $3 million. Did we pay off? Legal audit reveals the truth and we've posted the results online. Go here now before this offer is pulled offline tonight at midnight. Through the Looking Glass: A New Age is Coming Dear Daily Prophecy Reader, As I was wrestling with what to write for today, my lovely managing editor Nicole inspired a prompt. She hinted to me that today is both her birthday and Halloween. Perhaps I could make something of that! So this is a Halloween-Nicole Daily Prophecy (coming to you a day later). Halloween surely offers an excuse for a spooky trumpery of tricks and tweets, trade wars, terrifying pterodactyls winging in on the cover of Scientific American, unicorns tumbling into Initial Public Offering (IPO) pratfalls, equity bear hugs, multi-trillion-dollar deficit horrors honing in on us from everywhere, and bulls loose in China shops and supply chains. At the end after all the tricks, Nicole's birthday may even give us a treat. Perhaps, for people working in crowded offices, there are larger investible opportunities in real 10 gigabit Wi-Fi 6 than even in pie-in-the-sky 5G next-generation wireless. In my pile of recent publications, I had no problem finding further Halloween tricks. From The Economist's glam glower of "Elizabeth Warren's plan to remake American capitalism" and the growling bears of Barron's "Bracing for 2020," to the Atlantic's paranoid palpitations over the power of Jeff Bezos and Amazon Prime, I merely had to step through the looking glass and into the world of the mad hatters of the mainstream media. Once through the looking glass, I plunged into a terror-trail phantasmagoria, resembling my "terror Halloween half-marathons" at Thacher Park nearby.  There would be uncanny coils of time reflux (negative interest rates that say the clocks are running backward), and eerie diminuendos of "secular stagnation" (that signify an ever-slowing pace of innovation). There would be twisted yield curves that portend recession and crash, and weird Halloween revenue surprises at Texas Instruments (TI) and other trade casualty chip companies. We should watch for overreactions to microchip setbacks. Everywhere I looked there would be climate change horror-stories and harrowing predictions of a Chinese debt crash and global slump. Haunting the think tanks and serioso foreign policy circles would be the US war naval college, huffing-and-puffing about Chinese expansion and island-building in the South China seas. But as I've said before, we'd be ghoulish to ignore the opportunities this country provides… Boo! Here Comes China Newt Gingrich's book, Trump vs. China, which I wrote about yesterday, contained an entire chapter about this tedious subject. It's a new era, folks. China is at least 20 times stronger than it was. The idea of the US continuing to dominate the South China seas makes no more sense than China dominating the Gulf of Mexico. I'm not worried about any of that stuff, since I understand the upside message from the Pooley-Tupy time-price paradigm. Measured by the number of hours of work needed to earn the money to buy crucial goods and services, the world economy continues to boom and debt burdens continue to shrink. In true time-price terms, interest rates remain around 3.6%. This is around the normal true rate that held for British consols (treasuries) over the 200 years of the gold standard. If interest rates aren't truly negative and innovation continues to thrive, the economic horror stories of Halloween go away. Gilder: "This Reboot Could Make You Rich" A wealth revolution is coming. And it could make you very… very… rich. That's the latest forecast from the man they call "America's #1 futurist"… "Wall Street's most influential technology trader"… and "a true American genius." How so? "We're headed for a potential $16.8 trillion reboot," he says. "Nobody will remain untouched. And a few early investors could walk away with millions." Click this link to find out more… We can still worry about the scandal of money ($5.1 trillion a day of currency trading) and the hypertrophy of finance (nearly 40% of all profits) and the breakdown of families, the paralyzing excesses of lawyers and litigation in the US, and even the obesity crisis. But our problem is neither a technology slowdown nor a true outbreak of interest rate negativity nor a fundamental disorder of capitalism. According to time-prices, for example, China's living standards have been improving for decades not at the usually estimated 6-8% a year but 11% a year. In other words, believe it or not, the Chinese regime underestimates the true growth of China's economy. I know that ghosts haunt empty apartments in thousands of new buildings in some new Chinese cities. China has huge excess capacity in steel and concrete. But time-prices measure GDP over hours of work. All the surplus spending and waste is included and counteracted by widespread improvements in incomes, innovations, and lower real costs. Wi-Fi 6 Presents an Exciting Birthday Gift Meanwhile, for Nicole's birthday treat, we want to get her a Wi-Fi 6 router from NETGEAR, which (with Taiwan's ASUS) dominates this vital technology. We also want to get you some shares in NETGEAR. Its symbol is NTGR. This estimable company is currently rebuked and scorned by investors because of the ups and downs of its transition to the new Wi-Fi standard. But NETGEAR is already leading the industry, delivering several routers that comply with the new standard. What everyone is underestimating is the impact of the coming 5G expansion, by a full gigahertz, of the unlicensedspectrum bands that will be used by Wi-Fi 6. No FCC spectrum auctions are needed. Today, some 70% of smartphone calls are completed over Wi-Fi. With Wi-Fi 6 and 5G that number will grow, along with a huge expansion of world data traffic deeper into the zettabytes. Wi-Fi 6 will eventually deliver the vast bulk of it and NETGEAR is well-positioned to ride the crest of this wave. When Nicole is in the office she will be able to share her new router with 31 other computers, each enjoying 10 gigabits per second connections. She will be safe from any huge new floods of daily writing or even video from me and her other charges. The new router will seamlessly exclude data-frames from competing Wi-Fi networks and will enable the full exploitation of the expanded 5G wireless links coming soon to downtown Baltimore and other cities. Nearly all offices and most homes will need new routers. So perhaps it can be a happy birthday for Nicole and a happy Halloween for all. Regards, George Gilder Editor, Gilder's Daily Prophecy This book is exciting for lots of reasons – 177 to be exact. On page 221, you'll learn how to create an online course — and have a shot at earning $23,500 in 45 minutes. On page 197, I'll show you how to potentially make $2,000 a weekend, from anywhere in the world. And on page 161, you'll find 10 businesses you can start from home today! That is just some of the reasons! Click here to see how you can claim yours 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. 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