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It's Official: The "Helicopter Money" Calls Have Begun
Towards the end of April, we discussed how QE has led to a global deflationary supply glut. This is a theme we’ve been building on for a while now and, as noted on Monday, it is perhaps nowhere more evident than among US oil producers. Here is how we have described the dynamic:
The premise is simple. By keeping rates artificially suppressed, the central banks of the world effectively make it impossible for the market to purge itself of inefficient actors and loss-making enterprises. As a result, otherwise insolvent companies are permitted to remain operational, contributing to oversupply and making it difficult for the market to reach equilibrium. The textbook example of this dynamic is the highly leveraged US shale complex which, by virtue of both artificially low borrowing costs and the Fed-driven hunt for yield, has retained access to capital markets in the midst of the oil slump and has thus continued to drill contributing to the very same price declines that put the entire space in jeopardy in the first place. Furthermore, those who have access to easy money overproduce but unfortunately, they do not witness a comparable increase in demand from those to whom the direct benefits of ultra accommodative policies do not immediately accrue.
Global demand, as we’ve seen, is in the doldrums. The evidence is everywhere. Goldman sees freight rates remaining subdued until at least 2020. BofAML notes that the slump in global trade of goods and services has extended into Q2. Perhaps most telling of all, the International Labor Organization blames lackluster global demand for subpar post-crisis employment trends, which in turn has shaved an estimated $3.7 trillion off global GDP since 2008.
Despite it all, the answer is always “not enough Keynes” (more cowbell) which is why we said the following more than a month ago (we also predicted this back in September of 2013):
For those wondering how this will play out, consider that sooner or later, in order to avoid liquidation and stave off severe disinflationary pressures, someone will have to call in "Helicopter Janet" and once the cash paradropping begins well, we'll see you in the Weimar Republic.
Sure enough, the semi-official helicopter cash drop call is here via Bloomberg View’s Clive Crook. Abandon all sound money faith ye who read on:
But QE isn't unconventional any longer. It mostly worked, the evidence suggests. The world avoided another Great Depression. Yet even in the U.S., this is a seriously sub-par recovery; growth in Europe and Japan has been worse still. Now imagine a big new financial shock. It's quite possible that all three economies would fall back into recession. What then?
We don’t like where this is going already, please don’t tell us more…
Sooner rather than later, attention therefore needs to turn to a new kind of unconventional monetary policy: helicopter money…
The idea is far from crazy. Lately, more economists have been advocating it, and they're right.
The logic is simple. If central banks need to expand demand -- and interest rates can't be cut any further -- let them send a check to every citizen. Much of this money would be spent, boosting demand just as Friedman said. Nobody, so far as I'm aware, is arguing that it wouldn't be effective. What, then, is the objection?
One concern is that if a central bank starts giving out money, it will create liabilities with no corresponding assets -- thus depleting its equity. Compare with QE: This also creates liabilities in the form of money, but the central bank gets assets (the securities it buys) in return.
Does it matter that the central bank's equity is reduced? No. Standard accounting terms lose their usual meanings when applied to central banks. Money isn't a liability in the ordinary sense. Nobody is owed and nothing ever has to be paid back. In the same way, a central bank needn't worry about losses, even though accounting "losses" might sometimes arise -- as they also could under QE, by the way. An entity that can create money can't ever go bust.
The real objection is political not economic. Sending out checks is a hybrid of monetary and fiscal policy -- public spending financed by pure money creation. That's why it would work. Politically, this is awkward…
This idea that monetary policy isn't political was never more than a useful fiction. Central banks can't avoid making choices with distributional, hence political, implications. The real case for central-bank independence isn't that monetary policy is non-political; it's that central banks are better than politicians at economic policy.
Today, persistently slow growth and the possibility of another recession call that view into question. Not because central banks have been incompetent or because politicians would do a better job by themselves -- plainly, neither is true -- but because the monetary-and-fiscal distinction no longer works. The useful fiction has become a harmful fiction.
It needs to be addressed. Independence for central banks only makes sense if they have the means to do the job they've been given. At the moment, they're dangerously under-equipped.
The first thing to note here is that the Fed can go broke, it just gets to use the central bank equivalent of a tax loss carryforward to extend-and-pretend.
More importantly, this is all a confidence game in the first place. That is, it's based on human perception and people's expectations. Once you undercut that confidence by doing things like dropping fiat currency out of a metaphorical helicopter, well, let's mix metaphors here and say that the genie is then out of the bottle.
At that juncture, incremental policy maneuvers designed to soak up excess liquidity cannot possibly hope to keep pace with the self-feeding expectations of a public which, while heretofore blissfully ignorant to the futility of QE by virtue of obfuscation on the part of officials ("leave the complicated stuff to us"), will now suddenly understand that the emperor is naked.
Put simply: if printing trillions has so far failed to stimulate global demand and restore robust economic growth, it may be time to admit that the printing press isn't the answer.
* * *
Or maybe not...
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well chopper me!
The monetary experts all agree! We will ban cash and drop it from the drones!
GET TO DA CHOPPA!!
https://www.youtube.com/watch?v=Xs_OacEq2Sk
Just give me a monster box of silver and we'll call it good. I don't want their "cash".
And isn't this basically like the "Cash for Clunkers" scheme? If you artificially accelerate purchases by people who otherwise would not have made purchases until much later because they had to actually work and save to buy something, then you're just causing a vaccuum at some point down the line when sales that would have been made in the future will no longer materialize.
speaking of things flying overhead;
http://www.ctvnews.ca/sci-tech/fbi-operating-surveillance-aircraft-over-...
FBI aircraft equipped with technology that can identify thousands of people below through the cellphones they carry, even if they're not making a call.
You don't need a flying machine to do that - the cell towers do a good enough job...
Well the first objection is that this would not be legal,#mce_temp_url# but I don’t think that would be much of a barrier. Second is they would lose the pretense of their monetary incinerator, but that is more of a practical matter which the central bankers won’t concern themselves with.
What they need to do is give zero interest loans to entrepreneurs with very few strings attached and no red tape instead of dumping the money into banks and car manufacturers....
THis is an even better reason to shoot the damn things out of the sky!
Helicopter Ben, Drone Janet and Blimp Jackson
will finish off our economy for good.
The other countries know "Poverty", this country does not.
Moar Jewbux!
"Does it matter that the central bank's equity is reduced? No. ... An entity that can create money can't ever go bust."
true dat!
people are slowly coming to appreciate that a "monetary authority" doesn't need to fuss around with "balance sheets" and "assets" and "liabilities"
it merely issues "money" or "liquidity" or "monetary equivalents" or "special drawing rights" or "notes"
sometimes by lending
but also by swapping or purchasing or gifting
that is to say, "injecting"
hugs,
christinelagarde
I thought they wanted to ban cash. If they started dropping credit card, student loan and mortgage applications from the sky that would make sense...
If you ban cash, then you ban the entire black market, which is the traditional place capital goes in a failing economy. The sudden rush of M1 back into the "lit" economy on the cash-ban tends to equal a 15% tax cut when backtested against basketcase economies in the 80's & 90's (Mozambique withstanding).
The larger question is why is there a sudden need for "hard" tax dollars (sov. liquidity streams) if interest rates low and are going lower around the world to offset a Fed cycle ?
http://www.imf.org/external/pubs/ft/sdn/2015/sdn1510.pdf
But don't you think the argument made in this article ignores other strategic reasons to produce more costly shale oil? My understanding is that the US wants to be free of foreign oil requirements by producing its own. there is a cost inherent in that but the extra cost is cosidered acceptable for security reasons. Considering how much the US spends on National Security, I can't see why this extra cost is considered either excessive or financially destructive.
ZH does not want to comment on FBI issues for obvious reasons.
But anyway,
you cannot simply just send a check to everyone. These matters must be dealt with sensitivity. Larger checks must be sent to those who have been persecuted or disadvantaged.
Didn't some prior administration do this through the IRS? I think I remember everyone who filed a 2007 tax return getting a an additional check from the IRS. I don't remember the amount.Now, of course, we'd have to include every illegal invader who made it across the southern border alive.
The IRS program is already in place... It's called the Earned Income Credit. Here in rural South Carolina the local retailers refer to tax refund time as ... "The busy season"... when everything from gun shops to used car merchants enjoy a pickup in sales.
It was $600 bucks and I bought 40 silver coins with it.
Giving a tax rebate of several hundred dollars to everyone who filed a 2015 tax return, plus non-filing social security recipients, would provide an immediate fiscal stimulus. They could go on to make a longer term reduction in personal income taxes for those households earning less than the median level or similar.
This could be paid for by cutting out the funding of Israel and ISIS, while closing all foreign military bases.
My wife didn't get her kitchen remodel last year; that's disadvantaged.
Send her the bigger check, becasue she really needs it.
Maybe we'll see a money drop but it'll be after Barry leaves
He'd never give a tax credit or free money to white folks
Well, that's how we bought our Tesla two years ago.
Sucker on SO many levels.
I'm just full of shit - I ride a bicycle, and I'm black.
Plenty of tax credits and incentives for poor old "middle class" white folk, though.
Don't want to comment on FBI issues? They're just another corrupt organization within government because if they weren't, someone would be arresting and prosecuting the criminal activity of the banksters and CONgress LONG AGO!!!
They follow orders from the Prezident and Just Us department, which we already know are corrupt and criminal from the top down.
How's that for an honest and truthful assessment?
FUCK THE FBI, until they finally do the right thing. I won't be holding my breath.
Pure comedy gold. The ultimate sign of a failed state and a failed monetary policy.
That one would even think of laundering the dirty thought of sending money from gov to pleb with no value created betwixt!
Horrors...politically awkward? Yes, because once FSA reaches critical mass, it will literally explode. Well, figuratively anyways....especially when the flow of spice is interrupted or rations reduced.
Somehwere between Jabba the Hut and Paul Atriedies....reality...
Fremen were freemen, but they chanted Never forgive, never forget...
Hmmmmmmm......
All the angles are odd.
Notes from me...
https://www.youtube.com/watch?v=lk1TSBW_368
more JUDEFETZEN!!!!
Don't get yourself all tied in a knot.
The bribes to the Drone Operators will be paid.
Those cash drops, the WINDFALL, will be restricted to the wealthiest neighborhoods, the gated communities, and the exclusive resorts.
That way the wealthy do not need liquidate their stock positions and can use the cash to pay for day to day living expenses.
It isjust another form of QE without being called QE. They will even call it Project WINDFALL. After all it is just a currency created out of thin air anyway. They do have a sense of humor, you know?
Here's an idea. The Fed can sell $10,000 gift cards (cashless of course) on Amazon/Alibaba for $5,000 and deliver them to my house via drones, think of the GDP boost (unless of course Amazon drones can't fly in snow/winter).
This is the surreal future vs bank confiscations. The average person thinks confiscatory bail-ins (if they know what bail-ins are) are for those extreme financial crises counties like Cyprus or Greece. However, the IMF, Governments and Banks won't necessarily 'confiscate' one's digital money but 'control' it. The key word here is 'CONTROL' as in 'capital controls' and being able to limit the freedom of using one's own currency (Keynesian Wealth). A cashless world will enable banks and governments to control the inevitable bank runs that are coming as a result of failing confidence in Central Banks and world markets inevitbaly repricing all global debt instruments in all it's forms, that includes cash. Confiscation implies theft of one's cash held in accounts (e.g. Bail-ins in Cyprus) when in reality the sociopaths in control will more than like likely opt for that far more sinister form of confiscatory theft 'inflation' or to be more precise 'devaluation' of one's currencies. Sinister is really not a harsh enough descriptor because TPTB will justify locking our accounts up through 'capital controls' and force devaluation on our savings. This has been proposed at the highest levels of the IMF and this is next global financial crisis playbook. They know that direct and explicit 'confiscation' will cause riots as the common man groks the simple concept of 'theft' (you took what is mine). However using 'controls' and 'temporarily limiting access' to devaluing currencies will considerably reduce the amplitude of an unfavorable social backlash due to the common man's ignorance in fundamental economic theory. He will still feel like he has his nest egg and his loss of purchasing power will be assumed/felt sympathetically with everyone else and the press/propaganda will force the concept of 'taking one for the team' to save their respective nation's currency. The common man will be waving the flag as he looses all his wealth. As Keynes said (I'm paraphrasisng) "not one man in million can detect the theft of is wealth through inflation'. Even with the Internet full of information, this is quote still holds true today.
In economic terms, this is known as pulling demand forward.
"I will gladly pay you Tuesday for a hamburger today." - Wimpy
Wouldnt having a monster box dropped on your head hurt more than fiat?
Wouldnt having a monster box dropped on your head hurt more than fiat?
Toilet paper, tinder for bonfire
Way back in 2008/9 when all sortsa shit were being debated and banks given oodles of money when they shoulda been assumed by the FDIC and shuttered, I'd suggested a way to keep the CONSUMER whole. Joe the Plumber lost a bunch of his 401(k) and with what was left, got the fuck outa Dodge and into cash. So inflating stawlks etc., weren't gonna help.
The way to do that would have been to credit Joe's 401(k) with funds back to it's high asset value water mark and Joe would never ever have retreated into this hole he's trying to scrape by in and the bankers woulda never ever had the excess funds to rape the system.
But WTF, nobody listens.
You are assuming they are interested in helping us. That is only true when it is also helping them. The solution they came up with helps them without all of the hassle of incudiing us into the mix. We are ultimately an unfortuante complication to their program, as dealing with cattle is for a farmer who wishes to sell meat.
They just want to give just enough to keep smiles on the faces of the sheep. So the sheep don't turn on the masters.
Sheep dont turn on their masters, thats why ZOG has a replace Americans with sheep diversity program.
If they send out LARGE checks to everyone then the game is up in some fashion that we aren't aware of. The proverbial last fattening of the hogs before the cull. Incoming asteroid or something else who knows but if they give away that kind of money to plebs then the end is near.
Sheep are not to be feared....when growing up, we had about 50 of them keeping a pasture down.....sheep are not aggressive...except a Buck that might think you're movin gin on his territory..lmao....other than that, a flock of sheep 10Kstong wouldn be much of an offensive threat.....TPTB are NOT worried about sheep turning on them
Nobody deserves free money. Not bankers, not Joe Plumber. Sometimes lessons are painful, but no less necissary.
exeOne
while no one may deserve free money, knuckles is/was onto something...i've always thought that if instead of catering to the banksters the money, less than an 1/8th of what has been granted had been made available to small business in the form of easy loans the nation would be alive and well. yes, even if TTBTF had been allowed to fail.
When they send me a check, it will be turned into lead and silver faster than you can blink an eye.
No one deserves free money except for Elon Musk. He's made a career out of it.
Group A got free money, but Group B should have gotten it instead. Did I mention I'm a member of group B?
While I'd LOVE free money in my account, I understand the dangers of "making people whole" fallacy. The entire problem is the belief that we can stave off economic reality through juicing the ballance sheets of a select group. Banks should have failed, 401Ks should go to wherever the market is at, loan counter parties should have been ruined.
Debt is killing the system and needs to be purged, which will be painful like no one has seen in generations. It has to happen before we can even hope of having a recovery. The longer the wait, the worse it will become.
The 1% are psycho/sociopaths, and the 51% are morons. I want neither of them to determine my destiny.
year of Shemitah. Day of recogning is approaching. Elul 29
They handed trillions to the top 1%, now it's our turn, MF'er.
They owe us !
Obama-Money
F-Yeah!
Seriously... if you're gonna do it, raise minimu wage to $25 and kick back the employers $13.00.
At least they'll have to get a job.
At least they could stop pretending.
That's not a terrible idea assuming they freeze prices. A job and a raise to $25 an hour won't do much if a loaf of bread is $10 afterwards.
Except it would no longer be a loaf of bread or a lb. of ground beef. It would then become a lb. of bread and a loaf of ground beef depending on how the law was worded.
Didn't something like that happen in the 70's or 80's and the butchers just changed the name of the cuts they were selling?
Might as well go full retard.
I'm gonna use mine to buy me a Caitlyn Jenner autograph.
pods
full retard...ya got that right.
Not sure who is more retarded...the fucks running/ruining the country or the Jenner/Kardashian clan of carny freaks.
This is America, so there is a fair chance that they would do the drops from helicopter gunships.......
Drop the money, watch the sheep pool up, slaughter the sheep. Its harder to do when they are all spread out. Kinda like bear bait.....
I envision direct electronic deposits into bank accounts. Immediately following that there will be massive bail-ins. And...it's gone.
LOL! That sounds about right.
Using a pen to hand wealth to the banks has been tried over and over.
How about this to stimulate Main Street? Every mortgage that has MERS in the chain of title is no longer due and owing and void by operation of law.
As long as people that don't own a home and who held on long enough after the crash to sell it without foreclosing or short selling are also rewarded. People don't take kindly to seeing one sector of society richly rewarded while they aren't.
Yeah, Get Some!
I don't have to watch the Jenner/Kardashian clan, and aside from mentions by people making fun of them in places like this, I don't. I don't really care how retarded they are. The toolbags running the economy are a different story.
I gave up on the alleged 'real' world years ago. Riding a motorcycle to nowhere and having a beer with friends is much more fun.....
Terrorist!
You Betcha!
you haven't seen thai mag cover of him?I looked away so quick bout broke my neck.he makes a damned ugly old woman!
Yeah, I agree Vaq, just makes for some funny ass jokes. And times like this you sort of need those.
I have never watched their show or even the sex tape, and I agree that multi-national banks and corps are a far bigger problem.
And in a way I am glad my life ain't nowhere near that fucked up.
pods
I like your description as "carney feaks".
The whole obsession with the LBGT is mind-boggling. I don't care what people want to be, etc. That's their God given right, FFS. But the audience (only 4% of the US public self-identifies as LBGT, etc) manipulation by the press is just aggravating. Shit'll backlash just like the accusations of racism when opposite any Obie policies. Pretty soon a whole generation of folks been called racist enough just start saying "Yeah, guess so. SO I might as well just discard any veneer of civilization and really be what they seem to want me to be."
Unintended Consequences are a Bitch
Are you sure they are 2 different groups?
Acknowledging that "freak of nature" is full-retard.
Caitlyn is a metaphor for America. What was once a strong, capable, masculine example of western might turns out to be nothing more than a busted old tranny. I weap for us all that this man is celebrated instead of being picked up on a 5150.
Using the "Don't let a Crisis go to waste" principle, and being a bit devious on occasion, I can easily imagine that this will happen on a Selective/Chosen basis:
- Regular Plebes (unwashed, unblessed masses), i.e. the 99.9% will start getting fake money -- well, more fake than it already is, i.e. non-sanctioned money. The MSM will report this, ad nauseum.
- The Select/Elite/Chosen few will get real/sanctioned money from choppers/UAV's. The MSM will not report this. But when such reports do come in, they will simply make light of it as another 'Conspiracy Theory'. Problem solved.
What do you know, money does grow on trees!? We should have pay more respect to the sages at the FED. They knew what they were doing we were just too ignorant to understand it. FUCK YOU ALL YOU BASTARDS
LOL, just like the Fed helped to create the subprime housing crisis and then said everything was contained while it blew up.
Then the taxpayers had to bailout the financial criminals (Paulson's tanks in the street).
Loads of banksters should be wearing orange jumpsuits while serving at least a decade in prison, instead they were rewarded to create an even larger criminal scheme.
This time the country's currency. When it blows the IMF will have to swap SDRs.
(in a asian child's pidjin english)
helicopter come soon. we get outa hell hole, Joe!
When?
Sheriff Bart: "A man drink like that, and he don't eat, he's going to die."
Waco Kid: "When?"
You know as far as bad ideas go, this is a far better one then giving the money only to the fucking banks.
i first started saying this in Jan. it is coming in the form of rebate checks from the Treasury. the fed will buy the new debt from the UST, which will use the money to send $2400 rebate checks to every family and 1200 to singles. in 2001, we had $600 rebate checks. in 2008, we got $1200 rebate checks. so reason to think they wont just double it again. afterall, it adds a lot of debt which the Fed will be happy to print.
Buy Stocks with those checks = bullish
Na.....................pms
Buy coke and SHAK, you can't go wrong.
“After 100 Years Of Failure, It’s Time To End The Fed!”
Advice from Ron Paul…
…Ostensibly formed with the goal of preventing financial crises such as the Panic of 1907, the Fed has become increasingly powerful over the years. Rather than preventing financial crises, however, the Fed has constantly caused new ones. Barely a few years after its inception, the Fed's inflationary monetary policy to help fund World War I led to the Depression of 1920. After the economy bounced back from that episode, a further injection of easy money and credit by the Fed led to the Roaring Twenties and to the Great Depression, the worst economic crisis in American history.
But even though the Fed continued to make the same mistakes over and over again, no one in Washington ever questioned the wisdom of having a central bank. Instead, after each episode the Fed was given more and more power over the economy. Even though the Fed had brought about the stagflation of the 1970s, Congress decided to formally task the Federal Reserve in 1978 with maintaining full employment and stable prices, combined with constantly adding horrendously harmful regulations. Talk about putting the inmates in charge of the asylum!
Now we are reaping the noxious effects of a century of loose monetary policy, as our economy remains mired in mediocrity and utterly dependent on a stream of easy money from the central bank. A century ago, politicians failed to understand that the financial panics of the 19th century were caused by collusion between government and the banking sector. The government's growing monopoly on money creation, high barriers to entry into banking to protect politically favored incumbents, and favored treatment for government debt combined to create a rickety, panic-prone banking system. Had legislators known then what we know now, we could hope that they never would have established the Federal Reserve System.
Today, however, we do know better. We know that the Federal Reserve continues to strengthen the collusion between banks and politicians. We know that the Fed's inflationary monetary policy continues to reap profits for Wall Street while impoverishing Main Street. And we know that the current monetary regime is teetering on a precipice. One hundred years is long enough. End the Fed. – Ron Paul 12/16/13
Simply wishing the Fed to end, will not bring about its end or even its decline.
Although I fully underunder/appreciate that RP can't come out and say so, but Action is required. Real, physical action, by millions of people.
Before that happens, said people first need to organize into a massive grassroots movement, with lawful intent. Whatever the deeper reason there is, it must remain so until the Movement has real control on the levers of Power and Influence. That takes time and a relentless sort of perseverance. A Borg-like perseverance.
I think it’s going to be more instant. Ron Paul tried the lawful approach and would be president now except for the corruption and cheating in the Republican primaries that denied him his lawful right to the candidacy.
I agree with you that physical action will be required, but I suspect it will be spontaneous, more of a Bundy moment.
I wish they'd do it quick. I have a Losmandy GM8 that I have my eye on and I want to move on it soon.
You know, you are right, take the money and buy Gold and Silver. Or if you still have debt pay it. Actually that is not a bad thing :-)
But if you pay off your debt , there will be less chance of more Free Obama-Money!
ding ding ding - we have a winner!
I've always kind of followed the choosing of the lesser of two evils, but I think we have come to the point where the evils are identical in everything but name. Should I choose being kicked in the nuts with his left foot or his right???
Neither will fix anything and both will only put us deeper in debt (to our masters) and prepared for something even more silly and destructive coming up next.
Yes. Send me my check for $3 Million tax free, it's overdue since 2009 at least.
Speaking of Taxed, just stop collecting them and print what yopu need.
Under Bush everyone got cheques, under Obama only the 1% get cheques. Go figure.
Under both we all got f'd up the arse
That is sort of like saying using leaches is better than trepanation (the practice of boring holes in the skull ) as a means of curing illnesses.
Leeches, properly applied, can at least stimulate blood flow to damaged areas. Having holes drilled in one's head is part of the preparation for becoming a politician.
Will it be more or less than the checks Dubya sent out to stimulate the economy? A couple hundred thousand per would do just fine...
S/
The problem is a lack of viable jobs. What business in anything less than insanity would invest in manufacturing and hiring for a one time cash dump? If this is intended as an adrenalin shot to the heart, it might get a few extra beats out of it, but the sucker is dead.
"Does it matter that the central bank's equity is reduced? No. Standard accounting terms lose their usual meanings when applied to central banks. Money isn't a liability in the ordinary sense. Nobody is owed and nothing ever has to be paid back. In the same way, a central bank needn't worry about losses, even though accounting "losses" might sometimes arise -- as they also could under QE, by the way. An entity that can create money can't ever go bust."
I wish I had said that for the last 4 years.
I also said something about being in a liquidity trap, which I'm sure somebody will re-invent at some point in the future as well. Helicopter-dropping money is a good start down that path, though.
"Nobody is owed and nothing ever has to be paid back"
Kinda like a gold standard???
Free money has never fixed anything, it only extends underlying problems while also creating an insatiable dependency.
It should work perfectly.
Caitlyn Jenner - do you stick your cock in her ass or is it vice versa?
Simply another instance of redefining normalcy to fit an idealized theme, but it doesn't make it right, doesn't make it work, doesn't change the reality one little bit.
If I think I am God, does it also means that out of sensitivity to my inner most needs that everyone should bow and do everything I say???
HeShe can do anything HeShe wants with its parts, just please don't tel me I must respect or approve its choices. When we are deprived of the ability to tell others they are dumb asses, then we are officially cooked.
A lot of resources went into changing Jenners gender. I am assuming it was Jenners own money but just as likely my tax dollars or my paid insurance dollars. I would call it malinvestment. As to what to do in a sexual situation with jender bender Jenner? Run like hell.
Whether we like it or not, there is only one purpose to life on this planet, and that is to reproduce. Many may think it ultimately destructive but that doesn't change anything. Our self absorbtion has historically been dominated by this theme, but modernity has complicated things such that we no longer believe in much of anything except our most immediate needs, which is demonstrated in our every action, from consumption to sex. Those "needs" have been fostered and enabled by those who see us as livestock that ideally should be manipulated into believing their actions are for self gratification when they ALL serve the greater needs of our masters.
No one on this planet has a clue what it is they want, except for the most seriously deranged among us, as only those who are fucking nuts, have such unadulterated thought as to ignore everything around them to pursue their one true goal. Rational minds have been so polluted by deliberate indoctrinations and manipulations that their is no consciousness that is free. Rational thought requires that we ask WHY we want anything. To simply want is to deny a thinking mind and fits the progressive mentality perfectly. The argument is over, the absurdity is irrelevant, all we need in life is to be happy and no one has the right to deny it. Even though our happiness can be hinged upon insanity, on concepts deliberately placed into our minds, on absolute self destruction.
There is a power base in this world that is dependent upon chaos and destruction to blind us to their actions and motives. We misconstrue our "happiness" with fleeting emotional responses rather than any real inner peace that might come from the knowledge in our ability to be productive and self sufficient....something that is the exact opposite of anything these "leaders" would ever want for us.
Birth rates are dropping off the cliff and we justify it in ourselves as saving any progeny from the future hell on earth...a world WE have created or enabled, a world that many of us have wallowed in for our own personal enjoyment, postponing indefinitely the burden, cost, inconvenience of children, while watching the importation of the third world into our backyards. This is my personal experience.
Great post Oldwood, if you ever need help at your shop let me know.
In the case of the "HeShe", don't people believe that someone could be born with incorrect genitalia for their gender? I mean, all fetuses have identical 'bits' until they begin to differentiate. Isn't it possible that something went wrong during development, and what it actually is is a birth defect?
Isn't it possible that during brain development, something went wrong and we have a male brain in a female-appearing body? Or vice-versa?
If someone was born with a cleft palate, no one would question the need to correct that surgically. So why do we suddenly get all squeamish when it involves genitalia?
Anyone with a medical background can tell you that a human fetus goes through a LOT of stages of development where any of a hundred things can go wrong. To act as though our genitals/sexual identity is somehow immune to this is just silly.
The fact that it's "icky", and gives some people the heebie-jeebies is really THEIR problem. Nobody is making the decision to have this surgery lightly...they will never be fully functional as the opposite gender, and they know it. In many cases, sex as they knew it will be over forever, many will remain celibate after their surgery. It isn't about sex, it's about identity. They just want the
"right" body, the one that fits who they are. People need to stop being so judgmental.
The only problem I have with Jenner/the Kardashians is that they are attention whores. But that's a different topic.
A cleft palate is a physical and verifiable condition. When a person "thinks" they are something that they are quantifiably NOT, then I think we have to assume it is a mental condition, not all that different than most other "issues" of the mind. If I believe I was bird born into the body of a man, should society support me in my quest for wings? Should they make a video of my maiden flight from the top of a forty story building?
Should we applaud Jenner surgically removing his genitalia because he believes it misplaced? We have heard stories of people who believed they were possessed by evil spirits and did all type of unthinkable things to their bodies to rid them of the evil. Should we erect monuments to their selfless efforts?
So you don't think mental disorders are real because they aren't "physical and verifiable"?
What about autism? Nothing physical and verifiable there, except the obvious behavioral signs...so, real, or not real?
If we could actually print our way to prosperity, the banksters should cut every living matrix zombie in the USA a check for a bizillion dollars and we would all be fabulously wealthy forever.
But of course you can't print your way to prosperity and I have a stack of 100 trillion dollar zimbabwe central bank notes to prove it.
They did.
Don't forget the first guy to spend the bullshit inflated currency wins. We ain't in that club.
We're in the club that won't be able to exchange USD for Charmin.
Chopper currently headed towards 200 west street carrying gold bullion, 2 billion in cash, and invitations to yellen's summer margarita party
i think that only amounted to 167bil. this one could be a trillion dollars before it is over. this will be fun. the only way they cure this is with a real bout of 20-30% inflation over a fairly short period of time. if you own stuff or owe money it will be great....unless you borrow for the wrong things with the wrong instrument. of course this will also eat all the minimum wage increases.
Do I recall correctly that Bush the 2nd sent out checks to everyone at one point in his reign? How'd that work out? I remember buying Silver with mine.
You recall correctly. If I recall correctly I received 600 bucks. I blinked and it was gone.
I recall as well. I got nothing. Not even a thank you for funding it.
You recall correctly. Soon after the worst financial collapse ever happened. You were right to buy silver.
:)
In NYC in the NY Post they are calling for a return to Stop and Frisk to "save lives."
Speaking of drones. Enrique Inglesias was giving a concert and held up his hands or was playing with a drone onstage and got his fingers cut up. He did not lose them.
Transformative.
"Goldman sees freight rates remaining subdued until at least 2020"
I'm not sure whether to take that as a sign of insane levels of hubris (that idea that anyone can predict anything about 2020 at this point) or a de facto admission that the freight market is rigged? (or both?)
an income tax moratorium would work but that would involve congress. the less they do the better.
SEND THE CHEESE!!!!!
But why? I thought the economy was in great shape?
How is it possible to spew such non-sense out of ones mouth is beyond me. Yes I bet the chinese will be thrilled to buy bonds to see money being mailed to citizens.
They should start selling bonds on real paper and start shipping them. That should get the shipping rates up at least and stimulate the economy? Maybe thats their master plan!
Better being dropping credit cards !!!!!!!!!!
Complete Nonsense
for starters ... send a check to everyone? ... for the sake of this arguement Federal Reserve nothing more than a few thousand economists.
where are they going to get the names and addresses for the 120 million households? Who is going to print the checks? Etc.
IE: can only do it with legislative/executive branches on board (have the means to do above)
Furthermore, assuming they did mail the checks to everyone? What the heck do you think the loser in dead end minimum wage job gets his 4 or 5 figure check?
Unemployment skyrockets while businesses crater.
STOOPIDITY writ LARGE
Not only have they stalled any “recovery,” they are actually driving us farther into a recession. And that first quarter GDP report shows it.
God (Obama) moves in mysterious ways.
Lowly mortals cannot judge. To do so is blasphemous!
Go whip yourself thirty times while repeating...Obama loves me, Obama loves me, Obama loves me....
Here comes a candle to light you to bed,
And here comes a chopper to chop off your head!
Economy is finally entering the hilarity-rich sweet spot:
"We're going to need a bigger chopper!"
"Get to da choppa!"
And the point is it’s our money and they are spending it on themselves. AND it’s an idea that ultimately will fail. Hence the "need for a bigger chopper!" "Chopper" is the operative word here. How can debasement of the currency have a future? Answer: It can’t.
The equivelent of chopper money drops already occur to a huge % of the (u.s.) population. We call this group the "Free Shit Army". At this point I say quit taking my money (taxes) and helo dropping it or drop a bundle of cash on me. Equal protection under the law!!!!
Anyone old enough to remember WKRP in cincinati and thanksgiving turkey drop? Enough money to make a tangible difference in the eCONonomy dropped from 3000ft would hurt more than your feelings.
Helicopter money, at this point all I can say is "what difference does it make?" Its all fake bullshit anyway and nothing they do will stop us getting to the point where everybody finally realizes it was all fake bullshit.
Another grand gesture that is only a distraction.
It has great entertainment value.
Debt is money when every fucking source dollar itself is an instrument of debt. Fuck Yeah, happiness is obsolete because it's uneconomical.
As much as they have printed out of thin air and that is only the tip of the iceberg of what they have actually done. They could have paid off every mortgage in the country, every student loan, and gave free rent to every renter for 15 years and still not even begin to warm up the printing presses. Consider the chemtrailing over the world 24/7 and think about how much that actually costs; likely more than the entire "stated budget" for the military...that is how the Pentagon can loose a few trillion and no one blinks. Just look at all the taxes put onto people in the form of direct taxes and indirect taxes (i.e. fees) as an example of theft given the infrastructure of the country is 1950's; yet the military infrastructure is more abundant than anytime in history; not to mention the resources that go to "Homeland Insecurity".
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It is a farce to believe that the earth doesn't have more than enough resources for a very long time for all people to have the basic necessities and their is always plenty of work that can be done. But when a world chooses the path of immorality, and ran by true sociopaths then all mankind and the earth suffer as a result...just look at the debasement of the basic family unit.
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We need to abolish the IRS (you are guilty till you prove you are innocent) and have tax reform that simplifies the tax code to less than 200 pages. We need to limit the amount of lawyers and politicians and need term limits for all politicians and Supreme Court judges. We need to severely limit campaign donations and simplify what donations are acceptable to less than 10 pages and in plain language. Of course all of that is a "pipe dream" because man is "fill in your own word(s)".
You lost me with the chemtrail fairytale.
Simple minds are easily distracted.
http://www.geoengineeringwatch.org/ (get up to speed) Also, Google or YouTube "Operation Indigo Skyfold".
But why would they want to do it? And how could they keep it secret? The project would have to be global in scope to work, which means cooperation between many nations. Plus they'd need a massive fleet of airplanes, huge distribution facilities for the chemicals, and tens of thousands of people on the take. I can't see them keeping a project that size secret.
Yeah, I know they did something similar with the Manhattan project, but that was probably a fluke.
The Fed has been stealing from everyone. Time to pay it back.
i'm flush right now, so just give my check to some Mess-kin
Tylers, this article has serious flaws.
First of all, QE is not helicopter drops. QE is swapping FED keyboard money for debt instruments. These debt instruments change the composition ratio of money supply. Most importantly, QE money gets trapped in bank reserve channels. Banks now receive interest for “money” held in reserves; this to avoid a rate collapse to zero on overnight market.
Primary dealers will also make “market ready” by buying debt instruments out of primary or secondary bond markets. These bonds end up on primary dealer balance sheets, and then are magickally swapped, and then find their way to FED balance sheet. The FED’s balance sheet thus expands. Former debt holder now has the Keyboard money, but crucially- the former debt holders are typically people that didn’t need the money. Yes? If one is holding a debt instrument, they are looking for gains. They then take this former keyboard money, and it then chases after stocks, paintings, or it tries to buy up gains.
Banks also used their zero rates to make new loans, especially in BRIC countries, to then do a carry-trade.
Hellicopter drops are direct injection of “general purchasing power” aimed into productive channels. Is QE a productive channel? No way.
If western countries had directed general purchasing power (money) into households, and then told them to spend on mortgages, it would have gone on to decrement banker’s ledger.
In this case, especially if it decrements the principle of the loan, the money disappears.
When a country is in a balance sheet recession, then the proper response is direct spending i.e. helicopter money, not QE.
There are many things that we could have done, perhaps something like Schachts Mefo Bills, where we examined the bill to make sure it paid off balance sheets of private debtors. Private debts were created due to housing bubble. In Japan, the same thing happened, as property bubbled after Bank of Japan changed behavior. See the movie, “Princes of Yen” to get a good idea of this mechanism:
https://www.youtube.com/watch?v=p5Ac7ap_MAY
The ultimate solution to negative behavior of western debt spreading “credit” banking is tossing this fradulent system into the crapper.
Sovereign money systems separate monetary policy and fiscal policy. This separation is key. Money should relate to goods and services, and its volume needs to flux in accordance with lawful targets.
www.sovereignmoney.eu
If the FED is direct spending via helicopter, then they are no longer doing MAGICK, QE type swaps. This sort of thing should be done under the law, and the FED is a lawless corporation.
Debt Free money is recalled with Taxes, i.e. fiscal policy.
Direct spending has been done many times in the past e.g. Canada 38-74, the resolution trust corporation in America during WW2, Schacht (MefoBills, retenmarks, direct credits), Guernsey Islands, Australia in the beginning, Talley sticks in England, etc.
The plain fact of the matter is a private credit banking system needs exogenous money, what used to be called base money in order to function. See Wynne Godley’s sectoral balance equations for proof of this: http://en.wikipedia.org/wiki/Sectoral_balances
Keynes also knew that private credit means will drain the economy of general purchasing power.
Don’t be confused. There is a two loop economy in debt spreading west; one upper loop is finance/wall Street. The lower loop is the real transaction economy of private debtors and producers. The lower loop is always in drain to the upper loop. QE spends into the upper loop. Helicopter drops spend into the lower loop and pay off private debts. In a balance sheet recession the lower loop drains into the ledger, and hence this money doesn’t need recall with taxes. Upper loop is parasitic, lower loop is producers.
Federal Reserve has no mechanism to deliver a "helicopter drop"
MUST come from congress and POTUS
and, even IF FR had mechanism to deliver ... do you think Congress will stand idly by and allow "power of the purse" go to unelected officials?
ZERO chance congress would EVER give up being in charge of doling out $$s (and the patronage / vote buying that comes with it ... not to mention the $millions for them when they leave office and reap reward (for favortism) of lobbying / board of directors, etc)
Mefo:
Dense, but accurate - particularly the remark that "the FED is a lawless corporation."
True; so who is going to bust the FED? The DOJ, with its band of "merry men?" Basically, the DOJ is all about "If you ain't queer, you can't work here," and "There is no such thing as Black or Hispanic racism."
Every other relevant agency is somehow subordinate to the FED, so no one is going to go after the boss, and the Pres certainly isn't going to worry about getting "nailgunned." As I just mentioned, the DOJ is out before it can even think about getting in.
As a side note about the FED, a group I spoke to this past weekend had the proverbial "lightbulb" turn on over its head when I explained that the FED is a private corporation (few had any idea), owned by the banks.
But the lightbulb effect become most bright when I mentioned that the banks are also private corporations, owned by . . . who really knows? I say that sarcastically, because the answer to that is forbidden to be spoken in society.
If the public realized the reality that the owners of the banks tell the CEOs what to do, who then tell the FED, because the banks own it, what to do, and that nobody you elect is in that chain of command, you would get what I got - stunned silence at the realization that there really is a small group of individuals who run the world through their ownership of the "money manufacturing plants."
Of course, the Mainstream Propaganda Media will scream "tin foil hat!" in its ongoing efforts to keep that lightbulb turned off. But if you can plant the seed that "somebody" has to own the banks, and that "somebody" consists of a tight network of related individuals whose money-base goes back centuries, you will end up with people transformed from conspiracy theorist haters to conspiracy fact lovers.
Ultimately, there will be a revolution. There will come a point when the wealth is entirely too distorted, the bulk of people are to a point of "nothing else to lose," these same people are filled with hate for the hypocrisy of the elites' moral bankruptcy, and they recognize that the elites, like the FED, are lawless - so why should they continue to "abide by the law?" (Just in case you ever wondered why the cops, the lawyers, and the judges are the first ones up against the wall . . . despite what the American Bar Association tells you, it has nothing to do with revolutionaries wanting to eliminate the legal system by killing off the enforcers of that system, and everything to do with recognizing the enforcers are totally corrupt and need to pay for their corruption with their lives.)
You can see this by the little things - did you notice that for the first time in a long time the general population is telling the Gay Mafia to go to Hell with their praise of all things queer - in particular Caitlyn Jenner, and the queer takeover of the schools and the children who attend them? Did you notice that Al Sharpton is being challenged about his Black Racist rants - that the Racists are being openly called Racists? And did you notice that people are way less afraid to tell Hispanics that they are, in fact, criminals if they are here illegally, and that saying that is not racism, but it is the refusal to import a violent, failed culture into America that drives the resistance to the flood of illegal aliens into the country? (Ann Coulter is the leading voice for this - see a video of her appearance on Univision last week.)
So the clock is ticking down, and the elites think they will avoid the death they deserve by building so-called safe rooms into their estate houses.
The aristocrats in Paris thought the same, hiding out in castles and the palace.
The results will be the same. It will be a very bloody end to the current era.
-30-
How about Helicopter Gold and Silver? It doesn't matter, the people in power and authority withhold that which benefits people, puts obstacles in the way of people who have real solutions and profit off it all.
Because that could hurt if it hit someone....gotta watch out for those trial lawyers
ALL LAWYERS; we are a nation who has litigated itself to total destruction. AND, watch for bankers jumping off a building and landing on your car or worse...bad enough what happens to the car, but if a banker hits you in any manner it could lead to death.
please make my check for $9,000,000,000,000,000,000,000,000,000,000
thanks
This is great ... the first thing you can do is pay off the national debt, you become a hero to the right ... then give every citizen a million, every illegal alien another million, you become a hero to the left and then spend a couple billion on advertisement and you become President easy ... I'm voting for Semperfi
In a socialist utopia, I should receive a blank check where I can fill in the numbers, as I should receive, based upon my needs, as I so determine. Its only fair.
Exactly. And it won’t be enough if they don’t want it to be, no matter how many zeros they use. Madison would tell us paper is not money. Paper money is a drive to fool you, to make you think you are getting something for your labors, and just as you reach for it they pull the value away and put it in their pocket.
Ron Paul wrote in Paper Money and Tyranny:
“Our Founders…warned us against the temptation to seek wealth and fortune without the work and savings that real prosperity requires. James Madison warned of ‘the pestilent effects of paper money,’ as the Founders had vivid memories of the destructiveness of the Continental dollar. George Mason of Virginia said that he had a ‘mortal hatred to paper money.’
“Constitutional Convention delegate Oliver Ellsworth from Connecticut thought the convention ‘a favorable moment to shut and bar the door against paper money.’ This view of the evils of paper money was shared by almost all the delegate to the convention, and was the reason the Constitution limited congressional authority to deal with the issue and mandated that only gold and silver could be legal tender. Paper money was prohibited and no central bank was authorized. Over and above the economic reasons for honest money, however, Madison argued the moral case for such. Paper money, he explained, destroyed…’the necessary confidence between man and man, on necessary confidence n public councils, on the industry and morals of people and on the character or republican government….
“…The barriers to paper money have been torn asunder. The Constitution has not been changed, but is no longer applied to the issue of money… debasing the currency as a deliberate policy is economically destructive beyond measure….” – Ron Paul, Paper Money and Tyranny
please make my check for $9,000,000,000,000,000,000,000,000,000,000 7 days before this guy and everyone else.
thanks
More specifically they are doing the sheriff in Blazing Saddles.
Foggy memory, describe the sheriff again.
The only guaranteed failure not tried yet is a helicopter drop to the middle class. Bring it on so I can buy more hard assets.
I will try wealth redistribution for 100 Jack. How about 20k to every resident (illegal or otherwise) below middle class which the government defines as a family income of 45ish thousand..... That would further class warfare, the illegalimmigrantion issue, and degrade race relations in one fell swoop...... a three for one.