{"id":19231,"date":"2016-03-28T12:39:04","date_gmt":"2016-03-28T17:39:04","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19231"},"modified":"2016-03-28T12:39:04","modified_gmt":"2016-03-28T17:39:04","slug":"depression-vs-helicopter-money","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19231","title":{"rendered":"Depression vs. \u201cHelicopter Money\u201d"},"content":{"rendered":"
\n

Depression vs. \u201cHelicopter Money\u201d\u00a0<\/a><\/h3>\n<\/div>\n
\n
\n
<\/div>\n
\n

\"Curiousity\"<\/a><\/p>\n

QUESTION:\u00a0 You wrote the Socrates site on 3\/23\/2016: \u201cOnce the \u201cconfidence\u201d in government cracks for the BULK OF THE SILENT MAJORITY who do not listen to money supply and conspiracy theories, then we move into game over. That is when we will see assets rise as confidence shifts from a corrupt government for the majority will no longer trust then and they will turn to the private sector.\u201d Mr. Armstrong can you please name the private assets that will appreciate? and if there are similarities with 1929, where we are now in 2016? Thank you for all your efforts to teach us the world economy.<\/p>\n

DS<\/p>\n

\"LongBranchNJ-DepressionScrip\"<\/p>\n

ANSWER:\u00a0There is absolutely no correlation with 1929 from the USA perspective. The people who see that nonsense do not know the facts or the history. The 1931\u00a0sovereign debt crisis was omitted from the history books. John Kenneth Galbraith blamed corporations in his book\u00a0\u201cThe Great Crash\u201d<\/a>\u00a0in which he states they ignored government defaults. There was no \u201chelicopter money\u201d for it was exactly the opposite \u2013 massive\u00a0DEFLATION. There was a shortage of money to the point that hundreds of cities began to issue their own \u201cDepression scrip.\u201d<\/p>\n

All of these forecasts projecting hyperinflation are based solely upon a misguided notion of what caused the German hyperinflation. The USA suffered massive\u00a0DEFLATIONbecause of a contraction in money supply \u2014 not inflation \u2014 so we are not facing a 1929 scenario. The analysts that claim this event is commingled with the German hyperinflation are creating a hybrid of something that has\u00a0NEVER\u00a0taken place in history.<\/p>\n

\"Confidence-wide\"<\/a><\/p>\n

Everything hinges upon the confidence of the silent majority. They are starting to rumble. That is the key to the future. We are watching this begin with Trump, which is precisely in line with out model that calls for political chaos to emerge in 2016.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Depression vs. \u201cHelicopter Money\u201d\u00a0 QUESTION:\u00a0 You wrote the Socrates site on 3\/23\/2016: \u201cOnce the \u201cconfidence\u201d in government cracks for the BULK OF THE SILENT MAJORITY who do not listen to money supply and conspiracy theories, then we move into game over. That is when we will see assets rise as confidence shifts from a corrupt […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5496,6237,1883,5981,13134],"class_list":["post-19231","post","type-post","status-publish","format-standard","hentry","category-economics","tag-armstrong-economics","tag-confidence","tag-economic-depression","tag-helicopter-money","tag-martin-economics"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19231"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19231\/revisions"}],"predecessor-version":[{"id":19232,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19231\/revisions\/19232"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}