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Here is The Hidden $150 Trillion Agenda Behind The “Crusade” Against Climate Change
Here is The Hidden $150 Trillion Agenda Behind The “Crusade” Against Climate Change We now live in a world, where bizarro headlines such as the ones below, have become a daily if not hourly occurrence: *TREASURY TO STUDY IMPACT OF CLIMATE ON HOUSEHOLDS, COMMUNITIES *TREASURY LAUNCHES EFFORT ON CLIMATE-RELATED FINANCIAL RISKS *BRAINARD: CLIMATE-SCENARIO ANALYSIS WILL […]
The Problem With Helicopter Money Is That It Is Inefficient
The Problem With Helicopter Money Is That It Is Inefficient The Money Supply Has Exploded The term helicopter money refers to unconventional methods used to get money into the hands of people that will rapidly put it to use. Whether to buy products or pay bills it is often seen as a way to kick […]
Panic Sets In: Fed Promotes More Free Money
Panic Sets In: Fed Promotes More Free Money Lawmakers need to do more says Minneapolis Fed President Neel Kashkari. Free Money for 18 Months The Fed cannot directly give money away so that burden falls on Congress. Kashkari follows Fed Chair Jerome Powell in seeking Congressional Action. “They are going to need more. If this is […]
Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March
Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March Fed shed MBS. Loans to “SPVs” flat for fifth week. Repos in disuse. Fed still hasn’t bought junk bonds, stocks, or ETFs. But it sure sent Wall Street dreaming. Total assets on the Fed’s balance sheet rose by only $83 billion […]
Powell: “Now Is Not The Time To Be Concerned About Debt”
Powell: “Now Is Not The Time To Be Concerned About Debt” In what was perhaps the most illuminating soundbite from the Powell press conference, in response to a question about the sustainability of the US fiscal trajectory in general, and the soaring debt and deficit in particular – both of which the Fed is now […]
Fed Cut Back on Helicopter Money for Wall Street & the Wealthy
Fed Cut Back on Helicopter Money for Wall Street & the Wealthy Tapered QE-4 Further, Still Hasn’t Bought Junk Bonds or ETFs, Was Just Jawboning. Total assets on the Fed’s balance sheet rose by $205 billion during the week ending April 22, to $6.57 trillion. Since the week ending March 11, when the bailout of the Everything […]
Covid-19 Helicopter Money: Go Big Now or Go Home
Covid-19 Helicopter Money: Go Big Now or Go Home This is why it’s imperative to go big now, and make plans to sustain the most vulnerable households and small employers not for two weeks but for six months–or however long proves necessary. That governments around the world will be forced to distribute “helicopter money” to […]
Helicopter Money Is Here: How The Fed Monetized Billions In Debt Sold Just Days Earlier
Helicopter Money Is Here: How The Fed Monetized Billions In Debt Sold Just Days Earlier The Fed’s charter prohibits its from directly purchasing bonds or bills issued by the US Treasury: that process is also known as monetization and various Fed chairs have repeatedly testified under oath to Congress that the Fed does not do […]
David Rosenberg: Fed Will Embrace ‘Helicopter Money’ In The Next Few Years
David Rosenberg: Fed Will Embrace ‘Helicopter Money’ In The Next Few Years Jerome Powell has denounced MMT has “just wrong”, but many Wall Street luminaries have surprisingly communicated an openness to the proposal. Most recently Ray Dalio proposed a marriage of monetary and fiscal policy that sounded suspiciously similar to MMT. Bill Gross, once a vocal critic […]
A Major Bank Capitulates: “This May Be The Time For Helicopter Money Drops”
A Major Bank Capitulates: “This May Be The Time For Helicopter Money Drops” Long before the Fed was humiliated into reversing its hawkish rate hike policy in January and then again in March, we published – back in June 2015 – “The Blindingly Simple Reason Why The Fed Is About To Engage In Policy Error“, […]
Bill Dudley Slams MMT: “It Failed In Germany, Venezuela And Zimbabwe”
Bill Dudley Slams MMT: “It Failed In Germany, Venezuela And Zimbabwe” While there has been much disagreement among the financial elite about the ultimate consequences of central bank activism and market manipulation, with some – usually those who do not manage money for a living and are not paid by investors – predicting fire and […]
Algeria Officially Launches Helicopter Money Amid Sliding Oil Revenue, Budget Crisis
Algeria Officially Launches Helicopter Money Amid Sliding Oil Revenue, Budget Crisis One year ago, the imminent arrival of helicopter money among endless discussions of pervasive lowflation was all the rage within high-finance policy circles. Then, everything changed as if on a dime, and in recent months the dominant topic has been global coordinated tightening – […]
The Path to Inflation: “Helicopter Money”
The Path to Inflation: “Helicopter Money” The general view in inflation is dead, essentially forever. Maybe. Maybe not. We all know real-world inflation for big-ticket expenses is far above the official rate of around 2% annually. Yet conventional economists are virtually unanimous that deflation is the danger and inflation is a “good thing” we need […]
Central Banks May Choose Helicopter Money Over Negative Rates
CENTRAL BANKS MAY CHOOSE HELICOPTER MONEY OVER NEGATIVE RATES The US Federal Reserve (Fed) is considering raising rates. Is the “normalization” of interest rates about to happen which savers and investors have been yearning for? Most likely not. Policymakers are merely realizing that the policy of zero rates — or even negative rates as in the euro […]
“Helicopter Money” Won’t Fix What’s Broken
“Helicopter Money” Won’t Fix What’s Broken Creating “free money” to support bloated bureaucracies and corrupt cartels only makes the underlying problems worse. The mere mention of helicopter money has intoxicated global stock markets, which have soared on the rumor of Japanese helicopter money. But as I explained in Why Helicopter Money Won’t Push Stocks Higher, central banks funding fiscal spending […]
