This page has been archived and commenting is disabled.
It Begins: Australia's Largest Investment Bank Just Said "Helicopter Money" Is 12-18 Months Away
Just over two years ago, when the world was deciding who would be Bernanke Fed Chair replacement, Larry Summers or Janet Yellen (how ironic that Larry Summers did not get the nod just because a bunch of progressive economists thought he would not be dovish enough) we wrote about a different problem: with the end of QE3 upcoming and with the inevitable failure of the economy to reignite (again), we warned that there remains one option after (when not if) QE fails to stimulate growth: helicopter money.
While QE may be ending, it certainly does not mean that the Fed is halting its effort to "boost" the economy. In fact... the end of QE may well be simply a redirection, whereby the broken monetary pathway, one which uses banks as intermediaries to stimulate inflation (supposedly a failure according to the economist mainstream), i.e., "second-round effects", is bypassed entirely and replaced with Plan Z, aka "Helicopter Money" mentioned previously as an all too real monetary policy option by none other than Milton Friedman and one Ben Bernanke. This is also known as the nuclear option.
Today, one day after the Fed according to some finally lost its credibility, none other than Australia's largest investment bank, Macquarie, just made the case that helicopter money is not only coming, but has a "very high" probability of commencing its monetary paradrops over the next 12-18 months.
Time for a policy U-turn? Back to the future: British Leyland
From conventional QEs to more unorthodox policies…
As discussed (here and here), we do not believe that investors are likely to benefit from acceleration in growth rates, trade or liquidity and indeed on the contrary, negative feedback loops from EMs to DMs imply that neither would be able to support global growth. Secular stagnation is the key explanatory variable (here). The deflationary pressures from overleveraging, overcapacity and technology shifts can be either allowed to work through economies or public sector needs to continue resisting via expansionary policies.
Since ’08, monetary policies were doing most of the lifting with limited participation by fiscal authorities (bar China). In other words, in the absence of either private or public sectors driving higher velocity of money, it was CBs that were supplying incremental liquidity to preclude contraction of nominal GDP and avoid stronger deflationary pressures. However, marginal utility of incremental injections has been declining (witness much lower impact of recent ECB’s QE and increase in BoJ accommodation since Dec ’14).
Part of the reason for monetary stimulus fading is that supply of US$ remains low. Global economy continues to reside on a de-facto US$ standard and current incremental supply is almost non-existent (depending on definition growing at +2%/-1% clip vs. average since ‘01 of ~15%). In other words, due to lack of recovery in the US velocity of money and lack of QEs, global economy is not getting enough US$ to continue leveraging.
…as efficacy of conventional monetary QE is questioned
At the same time efficacy of continuing with conventional QE policies is being challenged and not just by independent observes but also ‘insiders’ (such as recent SF Fed paper). As velocity of money globally continues to fall, conventional QEs have to become exponentially larger, as marginal benefit declines. If public sector is not prepared to step aside, what other measures can be introduced to support nominal GDP and avoid deflation?
There are several policies that could be and probably would be considered over the next 12-18 months. If private sector lacks confidence and visibility to raise velocity of money, then (arguably) public sector could. In other words, instead of acting via bond markets and banking sector, why shouldn’t public sector bypass markets altogether and inject stimulus directly into the ‘blood stream’? Whilst it might or might not be called QE, it would have a much stronger impact and unlike the last seven years, the recovery could actually mimic a conventional business cycle and investors would soon start discussing multiplier effects and positioning in areas of greatest investment.
British Leyland failed, but it might work at least for a while
British Leyland (formed from nationalized British car companies in the late ’60s) destroyed its automotive industry but for a time it provided employment and investment. CBs directly monetizing Government spending and funding projects would do the same. Whilst ultimately it would lead to stagflation (UK, 70s) or deflation (China, today), it could provide strong initial boost to generate impression of recovery and sustainable business cycle. It could also significantly shift global terms of trade (to the benefit of commodity producers) and cause a period of underperformance by our ‘Quality & Stability’ portfolio and improve performance of ‘Anti-Quality’ screen. What is probability of the above policy shift? Low over next six months; very high over the longer term.
What's most disturbing about the above assessment is that Macquarie realizes this last ditch attempt to preserve the status quo will fail, but will - if nothing else - buy another 12-18 months.
So is that the event horizon countdown: 1-2 years... and then?
And just like last week's Daiwa report broke the seal on unprecedented economic bearishness (Citi promptly made a global recession its 2016 base case) will the Macquarie report become the benchmark which the other penguins will ape as suddenly calls to bypass the banks become the norm and suddenly every "authority" on the topic, which so vehemently advocated for QE, admits it never worked from day one, and instead recommends that the only option left to save the world is the "nuclear" one?
Which, incidentally, is precisely what we said would be the endgame on March 18, 2009 - the day the Fed announced the full-blown first QE1.
»
- 64124 reads
- Printer-friendly version
- Send to friend
- advertisements -
Thanks, Yellen.
This was rooted by Bernanke, but planted by Congress over the last forty years.
Money comes from helicopters like it comes from tinfoil hats.
"...the recovery could actually mimic a conventional business cycle..."
Damn! These people scare me!
I have been thinking it is a given that Americans will receive a check in the mail from the government in the next 2 years.
Chase sent me an offer for a card, 0% for 15 months, $100 for spending $500, another $25 bonus and 5% cash back on Amazon. It almost feels like the banks are ahead of the curve.
Central Banks: Sure, throw them a bone.
Fuck you. Death to the Central Banks.
Are they really this stupid?
ask not what your BANKSTER can do for you.......ask what you can do for your BANKSTER
A traditional way to dump money into the economy was for the bank to purchase gold. What a novel thought.
If you're unemployed, underemployed, or on welfare your household gets 10 grand.
If you're middle class, both you and your spouse work, your household gets 1 grand.
-- If you're unemployed, underemployed, or on welfare your household gets 10 grand.
This is a good idea but if just anyone gets the money, then a lot of old people will pay down their debt and just sit in their homes and not spend anything.
This is why the money should be targeted to young adults of college-age. They can then pay off their student loans and get their lives started by spending more money even if it means going further into debt -- mortgages, furniture, cars, vacations, etc... It should be a lot more than 10 grand however. It should be enough to pay off their loans in full. This is exactly why Hillary has made that a campaign issue. Forgive the student loan debt and give everyone a free college education.
I for one am all for it. Let's get this country moving again!
get the country going again by subsidizing the largest defaulting block of bad debt since the sub-prime mortgage? who do you think gets the bux handed to the students to pay off their debt? really?
the stupid is strong in this one...
Just the typical I want it free regardless of what it cost you "hillery" supporter, walk on by, there is no hope or help for those, to stupid to survive.
If you're middle class, male, divorced, and have a kid, you get fucked in the ass without lube. Such is life, I guess. Might have something to do with my lack of patriotism.
I suggest we first try dropping bankers from helicopters.
I second that motion. Discussion?
What's to discuss? Drop zones? I suggest this: http://www.swisseduc.ch/stromboli/perm/erta/lake/icons/ja_186.jpg
"Discussion?"
Naw, you'll find most would give it whole-hearted support. It would be a great earner selling tickets to anyone wanting to push out one of the banksters.
"Helicopter money"
Sounds more like he is advocating nationalization by citing British Leyland. I don't know of what--the banks I guess.
YES
"Are they really this stupid?" No they are this scared and this desperate, their are not enough islands to hide the bankers..
History says yes.
They seem to be stupid enough to forget economics is not science, and never worked in real life, anywhere in the world.
death to central banks? that's what jfk thought. needless to say he didn't age gracefully.
It's easy: TAX FX trades 0.10% per transaction. Money will then magically appear everywhere.
It would be preferable to: (a) charge a 5 cent tax for each 100 shares of cancelled trade on any of the stock exchanges, which would curtail the fraudulent bid stuffing by the algos to skim a few cents, and (b) adjust the income tax tables so that an adjusted gross income up to $50,000 is taxed at 0 %.
Bobbo ''TAX FX trades 0.10% per transaction. Money will then magically appear everywhere''
Lanka '' (a) charge a 5 cent tax for each 100 shares of cancelled trade on any of the stock exchanges, which would curtail the fraudulent bid stuffing by the algos to skim a few cents, and (b) adjust the income tax tables so that an adjusted gross income up to $50,000 is taxed at 0 %.''
I vote for all three.
A good idea, but using static numbers doesn't work with inflation over time. Instead of $50,000 use the average median household income, and instead of a 5 cent tax make it a percentage of the size of the position in dollar terms.
Its not the taxes that are the biggest problem, its the moats that protect businesses and empolyment from compitition. Remove them and youll see a growing economy.
Too many rules, too many laws that protect rents rather then people.
You dingy dickwad! Everyone knows that money comes from algorithms.
Hi oldphart, I have a message for you. Turn on chat if you like.
Miffed;-)
Old Phart and Miffed sittin in a tree, K I S S I NG.
Boskin Comission was the nail in the coffin
Enter Stage Rightr: Bernie Sanders and the Trillion$
Malcolm Turnbull sworn in on September 15, reports of helicopter money now surfacing September 18. Fast work, Goldman Sachs.
Another Z hedger that knows the Goldman connection. They are taking over large countrys policy making bit by bit.
Australia and New Zealand as sovereign nations are pretty much meaningless now, there has been a silent coup and their own inhabitants are by in large unaware of this fact
One only has to understand the significance of the ISDS component of these phony trade agreements to understand what u say, sadly i think the next episode of the bachelor/ette matters more.
They are injecting money for nothing and chicks for free now........food stamp and welfare and medicaid
Cranker up Mr Yellen!
Jeebus. All they have to do in allow everyone below $500,000 the Earned Income Tax Credit.
Means test it based on initial income and number of dependents in family.
Under $50,000....you get an additional $50,000 if you have 2 kids
$50,000-100,000....you get $40,000
100,000-200,000....you get $30,000
200,000-300,000...you get $20,000
300,000-500,000...you get $10,000
Here's the kicker. For as long as they do that, you don't get dinged with a higher tax bracket as well. Virtual Tax Break.
I smell a trap, like the money will be slathered in peanut butter, meant to drag us out...will it come with mandatory vaccinations? Will we have to sign away our rights to sue Monsanto? Will we need to turn in our guns?
Oh no, no trap at all, it will only require a small mark of some sort on the arm or wrist.....
A RF id tag in your wrist to grant you access to the glorious cashless helicopter digi credit bit coin fake still backed by nothing fiat. All brought to you by nirp. NIRP it does a body good.
The RFID you speak of is in most Americans pockets, iPhones and Androids. No need for chip implants. Most people would not willingly get tagged for money. But since we already have massive data siphoning instruments in our pockets, the "tagging'' has already be done. No need for implants. Just a convenient tool to make spending your Benny Bucks very easy. All the Fed has to say is for Americans to download the "Stimulus App", ''Put in your SS number and you will have access to your stimulus money. Use Apple Pay or Google Wallet for the most convenience''.
Absolutely no need for anything implanted.
You already have a network of blood vessels in your eyes, your face and your hand. Vein scanners are here now for all three body parts. Some in the coffee houses of Scandanavia even as we speak.
Your own body is your mark.
Which begs the question. How many of you.....particularly those of you who believe that a coming Anti-Christ system of economics is coming soon....are willing to do the only system of economics outside of the system? Namely barter.....with only trusted like minded individuals.
Because now.....in this world where you and your body are the mark.....then your CHOICE is what will ultimately MARK you a willing participant in the Anti-Christ system. Not some highly visible, easily rejected form of implantable device. Just simply.....a scan of your face (vein scan and or retina) or a scan of your veins in your hand.
You already have the mark. But will you participate ?
Here's the dirly little secret. You already are. All commerce is electronic. Even that cash you have in your hand is simply a physical symbol of an electronic piece of debt in some computer's hard drive. Your debit card and/or credit card is a physical means to access the global electronic banking system. Read that again. GLOBAL.......BANKING......SYSTEM.
Welcome to Prison Planet. Where the MARK OF THE BEAST IS SIMPLY YOUR WILLINGNESS TO PARTICIPATE IN IT.
What will you choose ?
+100
Very true.
The mark or seal of the beast, and the mark or seal of God are not a visible manifestation in the flesh, rather they have to do with the condition of the figurative heart- what one's focus in life is. Numerous scriptures prove this.
As Jesus Christ himself said numerous times and ways: "no one one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money." - Matthew 6:24
Just because there isn't a need for chip implants doesn't mean there isn't a want. The infrastructure isn't ready yet. Real ID has a few years to go before it's fully national, as do the banking, medical, and other corporate data integrations necessary to contain the full scope of your identity in a centralized system. We are still in the building phase, where people support things like Apple Pay and Google Wallet to sow the seeds of their own future slavery by paying to build the infrastructure of their oppression. Once everything is ready to go, when cash is obsolete, when there is no middle ground between slavery and going off the grid, that is when a mandatory implant will be feasible.
too many biblical connotations, so they are going with tracking collars.
I always thought this was a State Benefit kind of welfare. But a couple of years ago I did some research and found huge wealth transfers from the Federal Level... I guess the Federal Level Lagged behind Welfare states like Michigan, New York, Illinois, California, what ever.
IRS, Payment where earned income credit exceeds liability for tax 2014 = $60.09 Billion
IRS, Payment where earned income credit exceeds liability for tax 2013 = $57.5 Billion
IRS, Payment where earned income credit exceeds liability for tax 2000 = $26 Billion
IRS, Payment where earned income credit exceeds liability for tax 1998 = $23.2 Billion
IRS, Payment Where Child Tax Credit Exceeds Liability for Tax 2014 = $21,49 Billion
IRS, Payment Where Child Tax Credit Exceeds Liability for Tax 2013 = $21.6 Billion
IRS, Payment Where Child Tax Credit Exceeds Liability for Tax 2000 = $806 Million (Million)
IRS, Payment Where Child Tax Credit Exceeds Liability for Tax 1998 = Zero.....
wow. Just wow.
Good lord folks....this is simple and only one thing matters.
IT'S THE FLOW...Bichezzz!!
The spice must flow....in our world the spice is USD$ and there must be ever increasing flow or the system collapses....because Tyler tells me so.
The rich will get richer..his ends in war or revolution.
yes, yes and yes.
Banker speak is a hard thing to decode, they are saying 12-18 months so does that mean 12-18 weeks?
I hope so, there's no way we have 12 months left. The end is nigh.
if money is dropped on us it'll be dollar coins from thousands of feet up
The rich can get richer all they want as long as I dont get poorer.
I'm good with what I got. If they cant get enough than thats their problem.
Maybe I'll paint a "drop a billion here" bullseye on my driveway?
Or a good use of Amazon drones.
Paint "ISIS lives here" and they'll drop two billion and a few crates of ammo.
Drop a toyota on your head my pretty...
They'll actually leave the helicopter, too.
With a mini gun, rocket pods, Nutello and a whore.
When everyone has a billion, no one has a billion.
What was that? You're actually asking the bankster cartel to drone you?
Devalue the currency by 10% each quarter. That will force people to spend and encourage more borrowing.
WOW, feel free to read a real economics book, the sooner the better.
If this is true I guess we know why gold and silver are getting scarce.
And it looks like they jacked up the premiums again! Silver will soon be selling at $30/ounce with the paper price at $18. But nobody wants pm's - right?
12 months away? Shit they've had "helicopter money" since 2001!
How about from 1st national bank's term, 2nd national bank's term, and now 3rd national bank's term?
(SG, you know better...)
Alright alright I mean when Rome shaved silver off their coins but who's counting!
:)
How about from 1st national bank's term, 2nd national bank's term, and now 3rd national bank's term?
(SG, you know better...)
My basic erudite theory is that we should just print so much money that no one in the world ever has to work again. That should take of it.
I'm building a helicopter pad in my backyard. Land, baby, land!
Giant funnel, myself.
Canada and Australia. Lab rats of the US of A.
Agreed - and sick to death of it.
If you believe anything from a banker or a politician, I feel sorry for you......when zerohedge posts these articles, maybe zerohedge should have two websites....one called zerohedge, and another called manylies.....
Well It would work for a little while because you can't make a debtor take on more un-affordable debt but given debt free money, it would turbocharge spending. Imagine if you will throwing ethanol on a fire.
But some sick fucks would kill it by paying down debt or even worse buying a barbaric relics thereby defusing this well thought out and sound monetary policy
(sarc)
The world is ruled by TINA, one slippery slope at a time.
In other words, 12-18 months until the global currency crisis.
When is someone going to grow a pair and sue the FED citing the State Created Danger Doctrine and US Treasury as willful co-conspirators?
I think it would work for honeypot websites run by the state too. If we ever found one....
The bankers must repay us. Helicopter money is repayment.
The "Network of Global Corporate Control" stole "many thousands of trillions" of dollars from us, which amounts to millions of dollars each for every person on the planet.
http://divinecosmos.com/
https://www.youtube.com/watch?v=rWJI3uOgl3s
The bankers must repay us. Helicopter money is repayment.
Not the slightest clue about supply and demand.
Not the slightest clue how much humanity has been robbed.
Study the video.
GOOD! Start dropping! They are never going to change their Keynesian economic policies, never, so there is inevitably going to be economic hell to pay eventually and since that's the case, it's better to get that hell over as soon as possible by doing something allowed under their idiotic economic theory that will at least put some cash in the pockets of the bottom 90% while, at the same time, hopefully lead to that crash occurring sooner rather than later.
The alternative is a long, slow, painful decline with the possibility of negative interest rates where most of the bottom 90% keep any money they might have.
So, drop that cash from the choppas and hope that triggers a rapid crash sooner which will lead to a recovery sooner. Meanwhile, we'll party with that cash if you make sure to give us enough of it... meaning LOTS... since the last time this was done much of it was not spent but saved or used to pay down debts (what the Keynesian's consider treason!).
Well, why not? I'll take it, and turn it into gold and silver.
But really, if they ever DO this, you can be sure that money will be almost worthless by the time we get it. They probably know this, which is why we would be getting this sudden burst of generosity.
If they are willing to share the cookies all of a sudden, you can be sure there's something wrong with 'em.
Those aren't raisins.
Helicopter money is the same thing as shovel ready projects.
It may help in the moment, but actually makes everything worse down the road.
What happens when the helicopter stops?
I'll tell you a quick litte story.
In the town where I grew up there were two amusement parks. Really pretty amazing for the size of the town and the location. The problem arose with the fact that the highways were ten miles away. When the parks were built the highways didn't exist and there were three main state routes that intersected where the parks were. You could get there from many different roads. But with everyone taking the highways, there ended up being only one road people would take. It also happened to be two lanes for the entire ten miles.
Every day during the summer traffic stood still while people headed to the parks. It was no uncommon to take two hours to go the ten miles. For years there were plans to expand the road to four lanes, alleviating some of the traffic problem. Never making it past the planning stages. In the late '90s one park closed and early 2000s both were gone. The traffic problems had something to do with it, but also the lack of business along the routes. Everyone thought it would be a gold mine to open a business with all the traffic going by. Everyone that did found out nobody wants to stop anywhere if you think it will add to the time you are stuck in traffic.
So the parks were gone and so was all the traffic. But Barack Obama got elected and pushed the shovel ready job project. The entire town was disrupted as the two lane road was widened to four lanes. Everyone laughed since it no longer mattered. But hey, a paving company got paid and a fee hundred jobs were created for a short while. However the construction killed off the few businesses that were left on the road because nobody wanted to go through a construction zone to get to a piddly litte store.
Now you can drive on a four lane road that doesn't need it and drive by dead businesses and two dead amusement parks. The shovel ready project dropped some cash in a few peoples hands, but it didn't bring any long term jobs. It didn't bring back the parks or the business that used to be done. In fact it harmed the city because now it costs a whole lot more to fix the road. Judging by the potholes the last time I drove on it, it'll be a long time before it is fixed again.
The lesson is bridges to nowhere aren't worth anything, because there is no point to them being put there in the first place. Why economists don't get that is beyond me.
Very little to zero "Helicopter money" reached the Middle Class. true, house pruchases were subsidized with zero down and basically no doc mortgages and a super low rate [which is still going on BTW]. But overall, your white Middle Class worker and your small business owner, black and white, have been raped royally with obamataxes, moar regulations, poor demand and a flood of shit from overseas for 20% to 80% cheaper.
Don't get me started about the massive foreign money laundering into the usa, or the flood of H1B visa people from Bangladesh and India!
These are some of the reasons why I'm for Trump; the present gaggle of politicans - Dem and Rep - have done very little for 90% of Americans.
Trump Increases Lead in Post-Debate Poll
By Llewellyn H. Rockwell, Jr.
September 18, 2015
Also: Ben declines, Carly increases. John Nolte:
In this same poll, prior to Wednesday night’s debate, Trump sat at 33% support. Dr. Ben Carson sat in second place with 17% support. Today Trump enjoys 36% support. Carson is still in second place but with just 12% support.
Trump’s lead increased from +16 points to +24%. That’s an +8% jump.
With their shared status as outsiders, it appears as though Carson’s support went to Fiorina. Prior to the debate the former-Hewlett Packard CEO had just 3% support. She now sits in third place with 10%, only -2 points behind second place Carson.
Overall, the Republican Establishment is the Big Loser here. Non-politicians Trump, Carson and Fiorina command 58% of the vote, and that piece of the pie is only growing larger.
But if you build it they will come...
That may have been true before the invention of computers. Now all the destinations are digital...
Nonsense, adr. What they needed to do was build an entire city and everyone would come running. They just did not do it big enough. Ask Krugman.
These dirtbags aren't economists. They get it alright, but don't give a fuck due to excess weight on the corruption side of the scale.
Give the money to the people. Let them decide what is best for them to spend the money on. Everyone knows we have a trickle up economy. Put money in at the bottom, and it will trickle up to the top. Tax the rich income and pump the money back into the bottom again. Round and round it goes; moving the economy. The poor get enough to buy a pot to piss in, and demand goods and services that drive the economy.
The richest 3000 people each have a billion times more wealth per capita than half the people on the planet. That is not due to working harder. It is due to systematic theft. Returning the stolen wealth fixes a lot of problems.
... maybe they're trying to move slowly towards a Fiat system where governments ultimately create debt free (via NIRP) currency (in)directly. Incremental tax cuts towards zero to butter up the population and let it normalize. People are starting to realise the whole bonds, bills, notes and obviously unpayable debts thing is a complete sham but I don't see any mass outcry for sound money in response ?
I think the general response to zero taxation while still enjoying ever increasing government spending would have the sheep bleating with joy ... they'll (.gov & CB) then be able to manage inflation targets more directly and force money velocity while also being able to contain it more reliably ?
Who the fuck knows what's going on. Whatever it is we can know for certain it will not be designed for our long term benefit as individuals. The blockchain thing reminds me of the breakthrough with Atomic theory ... potential to reinvigorate the world but all effort and first use was to weaponize it.
Lack of interest does not mean dent free.
On a long enough timelime ... negative interest does ?
If helicopter money is coming, then everyone who cant afford a helicopter right now wont get any.
You mean there is a bernie sanders in australia too
Millions of them. Place is a God damned communist hell hole - and the people don't even know it.
The monotonous Disney Land song, It’s a Small World After All, can be applied to the banker presence being felt everywhere around the globe, from Australia to the European migrant crisis. It’s a small world, it’s a banker world, and it’s an ugly world. For the cartel is employing punishment, excessive stimulus, and war and debt to create crisis – from Japan’s economy to the razor wire fence in Hungary.
Every major trouble spot has banker fingerprints all over it. Underlying it all, is the deliberate destruction of Western civilization to be replaced with a socialist "new world order."
Example, in Europe, the term refugee crisis is banker propaganda.
“Refugees” connotes the image of the miles and miles of families fleeing the WWII European war, their meager possessions in wooden carts, women and children starving and destitute, their primary belongings the clothes on their backs, their faces dirty and ridged in sorrow.
It is not so with the current European crisis. These current “refugees” - as the media identifies them – primarily are young men, well dressed and energetic, primarily military age.
It makes one wonder why they are so desperately moving through Europe, finding their way with BBC printed maps.
One so-called Syrian refugee, Yasser Al-Jassem, left his wife and baby in Syria to make the “terrifying 3100-mile journey to Manchester over 37 perilous days.” He told the British press that he was urged to make the trip by his family but that he cannot now do anything to help them because his journey was “too dangerous.” In other words, as the British people are beginning to say, he is a coward, leaving his family in a war zone to find economic opportunity only for himself.
To refer to this European development as a refugee crisis would be the same as referring to the tsunami of young Mexican men as refugees, moving across the border into the United States to seek low-level employment of any kind and to send money back to their families in Mexico, with the eventual aim to bring their families into the vast US vast welfare system.
If this sounds like the goal of Angela Merkel and the European Union to help the bankers and their corporate partners to find major sources of taxpayer-subsidized, low-paid workers, then you have identified the European problem.
It is definitely true, of course, that the hordes of migrants leaving Syria and other war torn areas are leaving villages bombed by the US coalition-conspired war. But there is even more at stake here. Many groups already are working feverously to facilitate these new migrants into their new European homes but among them are devious, criminal factions promoting the departure of these young men from their native countries, in some cases paying their way and arranging for boats to carry them across the Mediterranean.
“There are insights that organizations from the US have created a co-financing model and contribute substantial amounts to trafficker’s costs,” an Austrian Defense Office employee told Info-Direkt.at.“Not every refugee from North Africa has 11,000 euros in cash. Nobody asks where the money comes from.”
Who would favor the complete reordering of European economic and ethnic stability with these massive migrations? Answer: The same forces that would break down the European culture in the United States with their campaigns of diversity and multiculturalism. In the US case, it’s Mexican culture to break down a free enterprise European capitalist system; in Europe it is the overturn of thousands of years of white Christian culture and Western civilization, replacing it with vast confusion and religious and cultural chaos.
And it is the Jews, backed by Fed banker power, who claim the credit for “leading the efforts for mass immigration and multiculturalism” both in the US via the 1965 Immigration Act and in the European migrant ‘crisis.’
Here is Barbara Lerner Spectre, Jewish activist in Sweden (partially funded by the Swedish government) and formerly of America, in Sweden calling for the destruction of Christian European ethnic societies:
“I think there’s a resurgence of anti-Semitism because at this point in time Europe has not yet learned to be multicultural. We are going to be part of the throes of that transformation…which must take place. Europe is not going to be the monolithic societies THEY once were in the last century. Jews are going to be at the center of that.
"It’s a huge transformation for Europe to make. THEY are now going into a multicultural mode and Jews will be resented because of OUR leading role." (See video):
https://www.youtube.com/watch?v=1_LjvSIBKVc
https://twitter.com/Henrik_Palmgren/status/569678697680269312
I wonder who received the 3D printer contract?
Obama Announcement to take people minds off Radial Somali, Yemeni, Libyan, Kurd, Iraqi, and Syrian Refugees:
http://www.washingtonpost.com/politics/obama-to-nominate-first-openly-ga...
In other words, the Army isn’t to win, it’s to promote homosexuality. There’s never been, in the history of our presidents, one who is this anti-American.
It is hard to stay open minded about Obama.
I was thinking about this the other day.
Yeah, he said he was a bunch of things before elected and did really care much about creating good legislation or cleaning up the Federal Government & Banking System & Politics. Obama care written by Lobbyist is an obamanation.
Congress and the President should never pass half of any good law, sure he would have caused decline in the Big Drug companies and Health Insurance companies if he reformed the Costs and medicare charges. Or maybe through creative destruction and competition they would have been just fine. We will never know.
-Anti-Anglo-Caucasian-
-Anti-Constitution
-Anti-Tradition, Anti-Rural, Anti-Off the Grid
-Anti-Free-Choice, Self Determinism
-Anti-Libertarian
-Anti-Education
-Anti-Good-Simple-Governance
-Anti-Stay-out-of-people's-lives
-Anti-States-and-Local-Rights-to-self-govern
-Anti-Foreign-Sovereign-States
-Anti-Peace
-Anti-Geneva-Conventions
-Anti-Privacy
-Anti-Civil-Rights-Individual-Rights
-Anti-Low-taxes
-Anti-Conservative-Budget-Making
-Anti-Control-The-FED-and-Central-Banking
-Anti-Clear-Foreign-Policy-and-any-policies
-Anti-Good-Paying-Jobs-and-strength-in-Middle-Class
-Anti-Future-Tax-Revenue-Strength-as-jobs-shipped-out
-Obama is Pro-Elites-Pro-Wealthy-Pro-Inisders-Pro-Political-Machines-Lobbyist-and-Career-Lawyers
Obama's blatant Social Engineering is as Obvious as his trying to make all people more poor, as others inside the system are reaping federal salaries, federal bonuses, federal contracts, federal subsidies... it really is like communism in this sense.
- Soon American will stand as Africa recognized as lead by Crony, Wealthy, Thugs and warlords
Well I just wish he fixed things, and stood for reforms.
But he doesn't.
Excellent summary, Teeth. And if I may I’d like to add one more item to your “anti” list -- Anti-white European culture.
In the HuffPost announcement on the potential new Secretary of the Army, one blogger lamented that it’s too bad we can’t have a candidate who has to have a hyphenation in his identification. And then, to demonstrate the Obama thrust in America, blogger Jeff Stein of Providence, RI, makes it clear:
“All in due time, once we destroy christianity (sic) for good, these changes will come Marching on. .…… Congrats Mr. Fanning!”
Sure, this weakens the resolve of thousands and thousands of military personnel, discourages many young men from ever wanting to serve their country. But the weakness of the military was the smaller of Obama’s goals; his primary thrust, planned long ago in his sessions with Jewish advisors Axelrod and Emanuel on how to get the support he needed to be president, was to destroy a nation’s Christian-family structure and to better provide a multicultural, socialist society so that Jews could better compete.
How do we know this is true? Jewish activists ever since the passage of the 1965 Immigration Act cancelling European immigration and opening America’s doors exclusively to the Third World, have been telling us for years.
Earl Raab, former president of heavily Jewish Brandeis University, predicted last century that the Jewish diversity movement in the US would displace the people and culture of America’s founding gentile white stock by the middle of this century both in numbers and influence. He wrote:
“We have tipped beyond the point where a Nazi-Aryan party will be able to prevail in this country.”
He continues: “”[W]e [Jews] have been nourishing the American climate of opposition to bigotry for about half a century. That climate has not yet been perfected, but the heterogeneous nature of our population tends to make it irreversible…”
Raab opted for multiculturalism to make America “safe” for the Jews who, the Jewish movement proclaims, can only flourish in a society without a strong ethnic culture.
As the Kookabura often says TM(Teethvillage88s, 2015, General Use permitted):
There once was a man from Nantuckeet,
Who's penis was so long he could suck it,
But when got in the white house,
He took to self-sexing like grouse,
Now Michelle just has to tuck it.
"He continues: “”[W]e [Jews] have been nourishing the American climate of opposition to bigotry for about half a century. That climate has not yet been perfected, but the heterogeneous nature of our population tends to make it irreversible…”
Welllll, except US Education did not teach European History, Culture, Philosophy, Banking, Business, Finance, Incorporation, Politics, War, Peace, the cost of war, Human Rights, Individual Rights, Civil Rights, Prisoner Rights, Geneva Conventions,... unless in the inverse... unless the Jewish movement only taught in the Big Liberal Cities and didn't spread knowledge to US Peasants, unless they dumbed us down!
So, we see a huge disconnect.
The Rabbi's, Earl Raab, stated purpose of education only spread peasant education for the most part.
Divide and conquer is a simple strategy.
To attain power, all a cohesive social network has to do is be strongly united and larger than any other such network. A minority can control a majority by ensuring the the majority fractures into multiple sub-groups.
Everywhere I look, I see advertising promoting individualism. YOU are special, YOU are unique, YOU deserve the best. The breakdown of unions, the breakdown of families, the destruction of identity. Even the "atomic family" is unnatural (wild-type humans live in larger, sprawling family groups).
Divide, divide, divide ....and conquer.
Sadly, there's a whole clade of suckers right here on ZH who have taken the propaganda to heart, the sort who quote Ayn Rand out of one side of their mouths whilst complaining about Lloyd Blankfein out of the other side. Cognitive dissonance.
Very good Teeth - except for: "Soon American will stand as Africa recognized as lead by Crony, Wealthy, Thugs and warlords"
I talk to a lot of people and a lot of them are saying:
American stands as Africa recognized as lead by Crony, Wealthy, Thugs and warlords
I would have just said "fixed it for ya", but didn't want to bag the post. Good post.
Considering that all homosexuals fall somewhere on the psychopathy spectrum, and psychopaths tend to be pretty effective killers, a homosexual army would be pretty efficient at 'winning', so long as 'winning' means the "absolute destruction of the enemy" and not this PC "stand around and wait to get blown up while the admins try to nation build" bullshit we've been doing since Vietnam.
Perhaps you remember the True Detective S2E4 shootout, whereupon its completion the straights are vomiting and stressing while the homo is cool calm and like "Anything else?"
The army you want depends upon your objectives. Do you want boots that will pacify, ingratiate and convert? Then bring the straights and back them up with supreme force.
Do you want boots that will kill everyone that blinks? Then bring the homos.
The conversion of the military to a homo parade ought to be indicative. The next war will not be part of an attempt to convert the enemy to our 'way'. It will be a complete annihilation. Yeah, lets propagate the notion that "not muslims but muslim radicals" are throwing homos off buildings, then send the homo army after them. What is the expected outcome?
Erasure.
And who will criticize?
Oh the homo army slaughtered the homophobe muslim radicals? Oh well. Not a war crime. Just just retribution. FUCK those muslim radicals amiriate?
News flash for you buddy: everyone falls on the psychopath spectrum. Including you. Every mental state, including sexuality, is a spectrum and every human being falls somehwere on them.
Up my FAFSA
This has been done over and over again. The biggest impact from a helecopter money drop was for the WWI bonus army people. In the 30s there was a pick up of the economy for a couple months as they got their checks, factories spun up, inventories built and then everything fell back into the shitter of FDR's command economy.
We don't need a command economy until production of commodities necessary for survival begin to drop off. QE hitherto has kept such commodities in production. But there's no real market for anything relating to growth, because apart from continuation of production of survival commodities, QE has done nothing else except inflate asset prices of luxuries and enabled the .1% to build the most ridiculous, unnecessary shit. Yes, your mile-high skyscrapers are really benefiting the economy. Yes, your 100 million dollar stupid mansions are really stimulating. Yes, your stock buybacks because you can't produce anything that anyone can afford to buy are fundamental.
The masses can't afford anything but subsistence, therefore prices want to be low. But fed policy won't allow prices to drop, as that would mean that the established wealth would lose all power. So we're stuck in neutral until the people riot. You literally cannot have a family now unless you are connected to money or welfare.
That is not sustainable.
+100 Neo.
Reverse bail-ins. Nice. No chance of inflation, stawk crash or WWIII.
Edit: Nice link to the throw-back Zero Hedge page, and the "invest in wheelbarrow stocks". That's damn funny even now.
GOOD! Start dropping! They are never going to change their Keynesian economic policies, never, so there is inevitablygoing to be economic hell to pay
Winston, they never did Keynsian theory. QE is banker endogenous money injected into reserve accounts at banks. Keynes wanted exogeneous treasury money injected into modes of production.
During the great depression, crops lay rotting on ground due to lack of money. The money supply, which was primarily banker credit had built up private debts, as people had gambled in stock market. This violated a prime directive, "credit as money" should only go for something that can return gains. Stock market made false gains, where prices were pushed by more credit creation in an unwanted positive feedback mode. When bubble prices collapse, citizenry was holding private debts. Debt instruments then recalled their former credit into a depression. Bankers recalled loans, accelerating depression.
To get out of depression various countries did similar things: In U.S. Reconstruction Finance Corp spent about $1T into various FDR type things, and then later into war material for WW2. This injection of "helicopter" money then went on to become wages, and then on to pay down private debts. At end of WW2, labor had worked off private debts, and were ready to be hypothecated in a new debt cycle. At end of war, many modern industrial plants...paid for by taxpayer---were availabe to be converted to consumer goods production.
In Canada they had a quasi sovereign money system, and they injected debt free. Canada's small population was even more productive than U.S. during this period, and Canada' system lasted till 74. Canada had very low debts, good industry, free medical, free college. Their economic surplus vectored back to citizens rather than to finance oligarchy. Canada had built highways across the country, inland waterways equivalent to panama canal effort, and a national railroad all without creating railroad baron tycoons.
In Germany, they avoided the great depression all together. Hitler asked Schacht for advice, and the solution was Oeffa Bills and Mefo Bills. Schacht also did a form of bilateral trade using credit ledgers, thus bypassing international bankster gold system.
This sort of direct injection was into modes of production. For example, autobahn was built and amount of money injected matched productivity increases. With MEFO bills, before they were allowed to be discounted, they were examined by Reichsbank to make sure that Goods and Services were produced. These were non usurious because interest fluxed outward toward labor upon discount, and thus there was enough money in supply (no gap between production value and wage price value) so that people could buy their output.
All these economies directed either credit or money into "bloodstream" in order to put people to work. It is not inflationary if goods and services are produced simulataneoulsy along with new money as demand.
Helicopter money if it just lands in the general economy, say to buy more Chinese crap is a bad idea. China recycles trade imbalance dollars to buy more TBills, putting future American's in hock. Helicopter money if it taxes the future with an expanding debt instrument is a bad idea.
Helicopter money to rebuild industry, put people to work, and pay off private debts would be a good thing. QE was a response to housing private debt bubble. Said bubble created private debts, and channeled new banker credit into FIRE industry. This then pushed housing prices making it expensive for labor to live. Mechanism was similar to causes of great depression - leveraging credit that goes toward financial games. QE has only held pushed asset prices higher, and has not channeled into production GDP type activity. (Example: A real estate transaction is not real GDP activity as no new housing was built, it just changed hands - private finance is mostly extractive ... a rent scheme.)
Private bankers DO NOT WANT exogenous treasury money directed into money supply, because it is used to cancel debts, and hence banker business model is destroyed. Banker's make their living on creating new credit at interest. They also get to hold debt instruments against society, which is a form of control.
So, I'm naturally suspicious when a banker advocates hellicopter money. The next questions should be - what is the nature of the money? Is it new banker private credit, which automatically comes with a debt instrument? Where is it channeling? What is objective? Is it a hidden rent scheme for private banking corporations?
Bernanke of banker tribe, naturally took wrong lessons from great depression. When will we stop listening to these people? To end great depression, it was exogenous treasury money that channeled to pay off private debts and build useful things along the way.
These banker fianance guys are agents who publish nonsense and lead humanity around in a circle. Be wary of them.
www.sovereignmoney.eu
Yes, listen to the Jews. They always have the best interests of non-Jews in their statements and actions...
There was plenty of everything back in the GD, except money.
Food for thought.
I gave your the first point an hour ago or so.
The Great Depression, US Solutions, Bernankes Take on it, are all interesting.
I wonder if you could post more on Exogenous Money that helps or solved or relieves the US Great Depression?
"To end great depression, it was exogenous treasury money that channeled to pay off private debts and build useful things along the way."
Macquarie is how we spell 'Goldman Sachs' in Oz, and be aware that they smell very strongly of calamari, and will squirt red ink all over the place so not surprised they're the first to normalize helicopter money releases on the public tab.
Exactly, Element
AS to "why shouldn’t public sector bypass markets altogether and inject stimulus directly into the ‘blood stream’?," Obama has certainly tried. High on Ben's Big ZIRP, Obama has almost doubled the cumulative debt total since he took office and when he leaves, probably will have, leaving behind a $20 trillion debt burden for the people. Socialism isn't free.. Helicopter money is somebody’s money.
For this, America got his huge ($787 billion) stimulus bill in 2009, his bailout of GM, his “Cash for Clunkers” handout, his nationalized medical care (Obamacare) and his other large spending programs such as partnering with the Mexican government to distribute SNAP outreach posters within its own borders urging Mexicans to head north for their free food stamps, in addition to posters in its U.S. consular offices to make sure Mexican nationals living in the U.S. don’t miss out.
Welfare use in the U.S. by immigrants from Central America and Mexico is 73 percent, according to The Center for Immigration Studies analysis of the Census Survey of Income and Program Participation.
Ay caramba!
http://www.washingtonexaminer.com/article/2571257/?utm_content=buffer9363e&utm_medium=social&utm_source
Bernie Sanders Down Under 2016
The point is to get Mal TurnBULL past the next election first and returned to rule and rein over us, before the collapse gets rolling.
A traditional way to dump money into the economy was for the bank to purchase gold. What a novel thought.
A traditional way for credit bankers to acquire the people's gold would be during depressions. In order to pay off debt instruments, they are happy to take your gold.
There is a reason City of London ended up being gold center for the world. This one square mile of land is its own banker country.
England had no natural sources of Gold, yet it became the Gold center?
This is why I say that UK should import as many Muslim refugees as there are...
Thank You. The Lords of England should not have a Free Hand.
Meh, helicopter "money" will be used by the classes as they use their money now:
The poor will spend it and remain poor.
The middle class will pay down debt.
The wealthy will invest it.
Why anyone thinks this may end well is beyond me!! The Fed has truly destroyed this nation.
They will blow another debt bubble on the public tab, just like last time.
revolution. debt jubilee.
this is the only outcome; when who knows
$50,000 per person every January 2nd, for 50 years and you can count me In.
Can you imagine if that really happened? I'd like to see the velocity of money and types of payday loans that would arise on that puppy.
You'd have to spend it by noon to get any value, I think.
USD $3,000.00 per month for every person on the planet for life. That just makes up for the amount stolen. Also, it eliminates poverty, and generates demand for goods and services, which generates jobs.
http://divinecosmos.com/
https://www.youtube.com/watch?v=rWJI3uOgl3s
Obviously they're not going to drop money from helicopters in the literal sense. The question is what proxy avenues can be used to mainline the good stuff? Lower standards for SSDI? Increased SNAP allowances? A new Supplemental Living Allowance Payment (SLAP)? The mind boggles.
It is much easier to get disability now if you go to the connected lawyers, check the stats. This explains why so many people of working age are now collecting.
It is called sleep apnea. If you snore, then you deserve a check.
The US long term unemployed is 94M. That would make it the 13th biggest country in the world by population. I'm guessing the PTB realized the shit had hit the fan back in the 70s, around the time that they changed the food pyramid to reduce meat consumption and instead eat more 'healthy' (read cheap and abundant) carbs. There was no way to advise people to follow china's lead and reduce the rate of population growth because they would offend religious groups. So we end up in a totally untenable situation which is getting worse. It's easy to blame the bankers and elites but every individual has the ability to control the number of offspring they have.
PLEASE don't talk to me about controlling offspring. 'Controlling offspring' is the reason we are now importing the third-world to fill the labor gap. No developed world citizen wants their children flipping burgers and cleaning toilets, but they still want to eat burgers and have clean toilets, so someone has to do the dirty work, and that's gonna be the non-assimilating brownies.
That's true but not the point I'm trying to make. The US taxpayer ulimately has to feed and support 94M unproductive mouths. That's three quarters the population of Mexico.
And once upon a time half of the population (women) earned zero income. Your point?
What I am saying is that plenty of those 100 million people are doing 'stuff', they just aren't receiving any income for what they do.
Back when women were housewives they didn't need to work because a single income would suffice to bring up a few kids. Now it takes two workers to raise even a couple of children and one of those kids won't ever have a job. A smaller population is much better for the economy because it doesn't chew up resources. If you think the opposite (and not just because you're religious and hate the idea of univeral birth control) then perhaps we could import the whole of Mexico and improve our well being.
The remaining one-fourth of Mexico is already in the US.
wrong, many do not have that level of self discipline.
True and hopefully those people will choose abortion if they really didn't want kids. Abortion is rough but it beats the alternative.
Everyone is just flailing away now.
I can't help but laugh. "Helicopter money is 12 to 18 months away" HAHAHA!! IT IS ALREADY HERE. HAS BEEN FOR YEARS. What do you call it when people get 125% of the taxes they paid returned? Or social security? SSI? Veterans benefits? I could go on and on. All money from the Feds is helipoter money.
"Profit" is just taxes that haven't been collected yet.
Please learn to write sentences. This text is totaly unreadable.
Unreadable text just makes normal human to think "that's crap, let's read somthing else".
You can make 4 or 5 sentences out of this:
"In fact... the end of QE may well be simply a redirection, whereby the broken monetary pathway, one which uses banks as intermediaries to stimulate inflation (supposedly a failure according to the economist mainstream), i.e., "second-round effects", is bypassed entirely and replaced with Plan Z, aka "Helicopter Money" mentioned previously as an all too real monetary policy option by none other than Milton Friedman and one Ben Bernanke."
It is hard to read this jibberish.
Please learn to write sentences. This text is totaly unreadable.
Unreadable text just makes normal human to think "that's crap, let's read somthing else".
You can make 4 or 5 sentences out of this:
"In fact... the end of QE may well be simply a redirection, whereby the broken monetary pathway, one which uses banks as intermediaries to stimulate inflation (supposedly a failure according to the economist mainstream), i.e., "second-round effects", is bypassed entirely and replaced with Plan Z, aka "Helicopter Money" mentioned previously as an all too real monetary policy option by none other than Milton Friedman and one Ben Bernanke."
It is hard to read this jibberish.