This page has been archived and commenting is disabled.
Where Is The First Helicopter Drop Of Money Likely To Land?
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
So what's left in the toolbag of central banks and states to stimulate recessionary economies if QE has been discredited? The answer: Helicopter Money.
We all know helicopter money of some kind is coming as the global economy spirals into recession. Quantitative Easing (QE)--the monetary stimulus of distributing newly created central-bank money to private banks--has been discredited, as even cheerleaders and apologists now admit it has only widened wealth and income inequality.
So what's left in the toolbag of central banks and states to stimulate recessionary economies if QE has been discredited? The answer: Helicopter Money.
Gordon T. Long and I discuss Helicopter Money in this video program: who is likely to receive the first drops, and who will be the ultimate winners and losers.
Gordon leads off by covering how money is created by central and private banks, i.e. how money is lent into existence.
Next, we discuss how helicopter money works: central states issue bonds (new debt) to fund helicopter drops of free money to stimulate demand for goods and services, and central banks buy the bonds with freshly created money.
This monetizing of state debt by the central bank is the engine of helicopter money. When the central state issues $1 trillion in bonds and drops the money into household bank accounts, the central bank buys the new bonds and promptly buries them in the bank's balance sheet as an asset.
The Japanese model is to lower interest rates to the point that the cost of issuing new sovereign debt is reduced to near-zero. Until, of course, the sovereign debt piles up into a mountain so vast that servicing the interest absorbs 40+% of all tax revenues.
But the downsides of helicopter money are never mentioned, of course. Like QE (i.e. monetary stimulus), fiscal stimulus (helicopter money) will be sold as a temporary measure that quickly become permanent, as the economy will crater the moment it is withdrawn.
The temporary relief turns out to be, well, heroin, and the Cold Turkey withdrawal, full-blown depression.
So where will the first drops of helicopter money land? How about the student loan Titanic, which is already bow down after hitting the iceberg of reality?
Or how about some big fat tax credits, politicos' favorite form of helicopter money?
Gordon and I discuss the possibilities in Is Helicopter Money to Follow QE (35:47 video, with Gordon T. Long).
»
- 31398 reads
- Printer-friendly version
- Send to friend
- advertisements -
Glencore
Jamie Dimon's house?
Jamie Dimons island.
/Fixed It.
A: The Hamptons?
I think this movie explains it quite well:
https://www.google.com.au/search?q=movie+ridicule+&ie=utf-8&oe=utf-8&gws...
i say Fed reserve in NYC or the WH in DC
I think it will be helicopter money on the people, at least that's how it will be sold. But what will the people do with the money? While many will no doubt go out and spend it on stupid shit, most will probably use that money to pay down high interest debt. Most IS households have credit card debt, so if you dump, say, 1000$ per person in each household(just pulling that out of thin air, not trying to predict the amount) a family of 4 will get 4k. That's a nice chunk of change towards a couple credit cards.
What does this mean, it means that 'QE for the people' just go right to the banks who loaned then money and aren't getting paid back. Mark my words, no matter how they sell this it will end up just being another back door bank bailout.
I'd use it for hookers and blow.
if those shitbag sociopaths in D.C. ever come up with any kind of plan to cut people "free" checks of any kind DO NOT accept them.
Rip it up into pieces and throw it away. Take a photo of the pieces and send it to the WH twitter account in protest.
Or don't send a pic of it and stay under the radar. But do not accept the money. They can fuck off with that shit.
All they will do is tax you for it and then they will most likely have some other hidden psychotic agenda behind it to fuck anyone over who cashed the check.
There will always be consequences when it comes to dealing w/ these treasonous scumbags.
They will also probably use it against anyone who doesn't cash their bribe checks too...double-edged sword w/ these fucks. But it's still better to go down fighting them and everything they do than to let them suck you into their criminal agenda.
I'm going to spend every cent I get to stimulate the economy in such a way to provide as many jobs as possible to the people who need it the most, the poor and struggling with dependant children and the working poor. Heck, even so-called "illegals" should get their share.
You will do the same if you have any conscience. What needs to happen is to get the rate of inflation up and to get the velocity of money flowing again. Put those excess reserves back into stimulating the real economy -- not some bankers' bonuses. If this happens, we will see much higher inflation and a blossoming of economic activity. This is good for everyone because higher-paying jobs will result and a "virtuous circle" will ensue.
You forgot the 'sarc' tag.
I think the term "helicopter money" unfortunately lends credence to the idea of sarcasm, which was entirely unintentional. The money should be distributed instead like Halloween candy. Maybe the month of October could be renamed "economic prosperity month" and every day you go to the store of your choice and receive free federal consumer coupons to redeem any way you want. The bottom 20% percentile tax-wise would be eligible using a number assignment.
This would have the highest stimulative effect.
Let's get America spending again! This is the way to lasting prosperity.
We know where it won't land.....in the laps of working class white folks....the downfall of America.
Whut?! And I just finished clearing a landing space in the back forty complete with a big X to mark the spot where they can drop all those huge bags of money.
Hope their aim is good and the huge bags don't land on my hovel of a house.
I don't do drugs, but I like the rest.
Keep the 1000.00. Make it a Mill.
Take the $1000 and buy gold with it. Everyone should do it.
Doesn't have to go to the banks... e.g. buying precious metals and taking physical delivery...
On a side-note, I never see anyone mentioning anything along the lines of a 'critical-mass realisation' event (although it was briefly touched upon in the video). - When enough of the general public realise fiat currencies for what they are (i.e. zero intrinsic value), and trust is then lost to enough of a degree, things stop working. What do I mean by this? When enough people have lost trust in the currency they use to obtain essentials (food, water, and energy), and they realise there is no point going to work (to get paid worthless digital/paper) I believe we will see the beginning of societal collapse (think the workers who get the food to the supermarkets: no food on the shelves, plus no other way for most people to get it = riots and killing).
Oh and another thing... a problem with this video @ 27:38... the chart with the 'growth trend' line (y-axis titled: Level of Real Output) is greater than zero.... Anyone else see the problem there?
I'd spend all mine on PM's. Screw any debt, what can be paid will be paid, what can't, won't.
I think it's wrong to focus on paying down debt, for exactly the reason stated. All it does is transfer more wealth to the banks. This system is designed to make being debt-free practically impossible for most people, this system does not thrive on debt, it DEPENDS on debt!
So the idea that "paying down debt" is somehow a MORAL IMPERATIVE doesn't fly with me. Go to church and light a fucking candle if you are so worried about it. Take student loans...I have 2, taken out for my kids. It is obvious that, barring an unexpected lottery win, that this debt will NEVER be paid in full. So I will do everything possible to reduce the monthly payments, or defer them awhile, etc, and use those savings to put a real foundation under my finances. Why throw good money at a problem that isn't going away? Viewing it as an unavoidable expense that can and should be reduced to the minimum is a better attitude, I think. The whole "Debt-free" thing is merely a lure to draw us ever deeper into the cage, chasing a goal we can never reach.
Debt is not an obligation, it's just another expense that can be pared, even eliminated. As the 'CEO' of my own sovereign 'corporation', I view debt like HP views employees. A necessary evil that should be ruthlessly beaten down and eliminated as far as legally and logistically possible in order to maximize profits...
Did Carly shed a tear for those thousands? Is Meg losing any beauty sleep over her thousands?...ok, maybe a little. So don't expect me agonize over pink-slipped debt. Or debt given reduced hours and benefits. That debt is lucky it even HAS a job, so it should STFU and take what it gets.
Mr. Yellen's Fan Duel account.
We ain't gonna see a single penny of helo'd money, folks.
The neighborhoods are gonna be means tested, racially pure as in integrated, diverse, freedom loving, properly represented, etc., etc., etc.
The net effect would be just like doubling the bi-weekly EBT refills.
And be seen in bars, liquor stores, porn, tats and the like.
Bullshit. Real direct funds to "the consumer base" will NEVER FUCKING HAPPEN
Joe Citizen would most likely pay down debt, which would not have the desired impact on $ velocity.
The $ would end up in the same hands in the end, but we can't have plebes reducing the weight of
the ball and chain. It's "easier" to give the $ to the chosen, starve the plebes for $, then allow the
"click" to buy up distressed assets at fire sale prices. It's the 'Murkan Dream.
We have no debt, so we'd spend the helicopter money ASAP, and not on tatoos.
I disagree. They effectively already did the "Helicopter Drop" with the tax and Homebuyer credits from 2009-2010. It's no coincidence that Trump is talking about no income taxes for those under 50K. They're goona "drop" the money electronically. As the author of this article has pointed out Housing Bubble 2.0 is about to or more likely is already popping. Denying the recession won't be a valid strategy a year or so from now (maybe sooner). A negative income tax and a huge house buying credit will be just what the FED orders. The economic/election cycle of 2008 is about to be repeated.
Didn't Bush II hand out money to most Americans? I'm forgetting the details (my mind tries to block out the insane) but I remember friends saying they got $250 dollars. Small amount to bribe and fool the masses. This time they can use small drones to give out a small bag of cash. Or shoot you if you are a conservative and/or gun owner.
We have been having helicopter for 7+ years with EBT, sign and drive cars, endless govt benefits, endless war and hundreds of billions spent on proxy wars.
It's not going to be money dropped from helicopters, but more like financial bombs and bullets fired by helicopters when they implode this on purpose. The intent will be to so terrify the sheeple into financial insecurity, that they will clamor for any scraps the govt and elites will feed them. You will see private investment accounts, IRA's, 401K, pensions, annuities, etc... all vanish.... to be roled up into a great big SS/Medircare/Medicaid/Retirement Protection Racket... Think MyRA on 0zer0care Steroids. And the sheeple will bleat and graze away... in a pen that they will never escape from.
For ISIS, those 50 tons of weapons that Obama helicopter dropped two days ago are as good as cash. From the arms bazaars in the Middle East to the drug cartels in Guadalajara, Mexico is not very far these days. Obama - the best friend a drug cartel or a terrorist group ever had.
Spot on.
Not so good for the dozens of Russian Planes that'll be shot down by those surface to air missiles that the terrorists claim is on order from the US.
They could just put the full $1Trillion into my bank account. I guarantee that I would get more economic growth out of it than any Western government has out of all the debt to come previously.
It already landed in syria. All 50 tons of it. Pentagon confirms receipt. Must have sent it USPS Priority with tracking.
Long Helicopters:
http://www.zerohedge.com/news/2015-10-12/us-paradrops-50-tons-ammo-syria...
Ultimate quaddie selfie-fest: https://www.lily.camera/
Well soon I guess the Fed's will have to start buying up air. Hell, they've been buying index funds since March 2009 to support this shit storm. I'm sorry did I say index funds? I mean 'other assets'.
Student Loan Forgiveness/'Free' College
Housing Vouchers/Mortgage foregiveness (means tested, of course)
I think you meant "race" tested....they don't really do means.
It is as likely to have loan forgiveness for bankers....if you are a banker and don't wish to pay back a loan...Obama/Yellen has your back
I'll use my helicopter money to pay off debt. A 35 minute video? No thanks.
I'm still guessing QE for the sheeple won't be in the form of cash, but in stocks (crappy loan backed securities).
This way, the money changers can claim they're trying to let them in on the "wealth effect" and goose the phoney "market" at the same time.
yep
Monkey, Wheels keep turning
Monkey, Something's burning
Monkey, Don't like it but I guess I'm learning
Shock! Shock! Shock! - watch the monkey get hurt, monkey
Whoever donates the most to the politicians will get it first....so the big cities will be the big winners....more free shit for the Demo voters....reperations...sustainibility ....solar and wind....the usual suspects..and all with government controll and strings attached
They will do student loans without the helicopter drop..that is to many votes to pass up
I agree student loans are the sexy choice, the votes and the whole save the future bullshit, I just don't see how they get any bounce at all out of that. Most of these kids aren't paying on their loans anyway and don't have good jobs, so they won't run out and spend. I'm afraid they will give to those who caused this mess, the boomers, they still drive the bus and will spend ,spend ,spend
You guys are fucking retarded. This shit is easy.
The helicopter money will follow the helicopter weapons. Moar War....
Over in that big parking lot called Cars for Not So Clunkers.
If if is borrowed and then dropped it is not helicopter money.
If the FED prints up non debt backed currency ala Zimbabwe THAT is a helicopter drop.
If they put $10k in every citizens bank account yet go into debt for that sum, it is not a helicopter drop at all.
pods
I propose a new, more accurate, nomenclature:
Diarrhea Run.
Its helo money if the Fed never intends on paying back the "debt". They can barely cover the interest and thats at today's rates.
10,000 would not even be noticed. They would need to put at least 100,000 in every pot to see the common folk go bananas with money spending.
Yep. But, it'll end up being one of those $300 W things.... mist people will just waste something like that on gummy worms &cheeseburgers...
Haribo Sugar-Free Gummy Bears. Maybe the gov will just drop them by helicopter for the good of the common folk.
http://www.amazon.com/gp/customer-reviews/R2U1KVCGTGD0HN/ref=cm_cr_pr_vi...
But that still would not do what a helicopter drop would do.
I think we are seeing a sneaky redefining of what a helicopter drop actually is.
A helicopter drop has always been seen as raw money printing.
If it has to be borrowed to be dropped it doesn't remove the reason why it must be dropped in the first place, namely debt saturation.
pods
Substance over form
What difference does it make if there is a debt created - it will never be paid back anyway
FED buys $2 trillion worth of newly issued 100 year UST debt paying .5% - government drops the money on people
Treasury prints up $2 trillion and government drops the money on people
You still really think it matters?
Why?
One scenario does nothing to alleviate the debt saturation.
The other leads to hyper deflation as those non debt balanced dollars roar through the system destroying debt.
Raw money printing will unbalance the system, which will crash it.
Debt attached money drops will further drop velocity, neutralizing an effect it would have had.
pods
Debt will be held by the FED - not purchased by real investors.
I still don't see why it would matter -
Give a guy $50K and he uses it to pay off his car and student loans
The fact the FED has a few more zeros on its balance sheet - or not means nothing.
When that realization comes to those who hold enough $$ (it will never be paid back and the FEDs balance sheet means nothing), it is game, set, match.
And the ones who own the FED won't allow that realization to come to light.
pods
What is it?
Just another retarded way of trying to increase the aggregate debt in a debt saturated system.
pods
Hillary Clinton. For walkaround money. Will be put to good use, I'm sure.
"You're gonna make some Plastic Surgeon a rich man!" -- Pretenders
What does he mean 'QE is discredited'? Like if QE4 was announced today everyone would vote against it? Come on, there would be a huge market party.
its my party and I'll print if I want to, print if I want to, you would print to if you were a jew..........
Dropped by parachutes from C-17s into disputed territory in Syria?
The biggest winner of a Helicopter drop will be China. Why? What does the USSA produce? Nothing, every thing is imported and that is where all that Fiat will end up. Worthless, but good for Wallpaper or Toilet Paper.
They will only drop money on houses with Hillary signs in the front yard.
"They will only drop money on houses with Hillary signs in the front yard."
I would pay to see a 100,000 pound container full of cash drop right on Hillary's head.
But on second thought it would be more appropriate if a house fell on the witch - like in the Wizard of OZ .
Would you settle for an ATM?
https://youtu.be/q_wQqNIUBu8?t=80
Where?
That's easy.
To know this all you have to know is how the money is created in the first place. The money will land near government or bankers. The last 8 years it has landed in the banking sector. This time it won't.
They will not do a 'general' drop of helicopter money...such as adding a zero to everyone's bank accounts...because they will be unable to resist the temptations involved with DECIDING who gets that new money...in return for certain favors (eg corruption, the nature of power, etc).
Newly printed money will go to firstly to everyone with a federal salary. There will be steep upward "Cost-of-Living" adjustments, with some mummery about how overdue it is. The media will be complicit.
Secondly, they will attach bonuses to existing Federal contracts. If there is even one person in charge who understands supply and demand evena little, he will understand that a 'helicopter drop' of money will bid up prices. He will understand that government contracts are written for a period of years. He will understand that without a (disproportionate) share of the money-printing going to the contractors, they will be unable to complete their contracts. And finally he will understand that contracting is a MAJOR PILLAR supporting government power. The contractors will get big raises.
Thirdly, so far this distributes the money wider than the bankster's hands...but doesn't really get it to the general economy very fast. They'll be worried about that. So they'll do a series of tax rebates. Some of them will, maybe, be called stimulus. But most of them will be more socialist 'nudging' because...that is the corrupting nature of power, and because it provides a paper thin veneer of legitimacy to what essentially amounts to a partial-jubilee equal to the new money's percentage of the adjusted monetary base.
Fourthly, there will be a shower of money dumped on retiree's. It will be sold as charity befitting an advanced nation (they don't do anything without first congratulating themselves on their superiority). And pundits will 'candidly' say that it is recompense for ZIRP.
But the fact is that today's retirees already spent their entire life's income (and their childrens' and their grand-children's too) on the 'Great Society' welfare state programs as well as the democrat and republican vote-buying. It will actually be their great-grandchildren's lives they will be eating.
add a 0 to everyone's bank accounts , LMAO.
every major inner city would burn the next day...
http://money.cnn.com/2012/09/12/pf/fdic-bank-accounts/
Bet it's alot higher than that.
There is still some trouble with Direct Deposit of Social Security checks.
Negitive rates should give it some multiplier effect.
Why would any sane person put money with a bunch of thieves,,, on purpose.
I remember when many of the bank 'services' were free. Then when they think they got it to a point that you NEED these services they start charging for them,,, just like a dope pusher get someone hooked. And in this instance the description "dope" fits.
Just like when a bank controls a country's money, it controls that country,,, when a bank controls your money, it controls you.
Brilliant. Correct sir you nailed it. Wonderfully cynical and accurate.
Adding a zero in everyone's accounts wouldn't mean much with the vast majority of people living hand to mouth.
Reported the other day. I was in the warehouse of a .gov supplier. 100% of their sales is to .gov. Shit was stacked to the rafters. They are desperately looking for more square feet. The manager said they can't keep up.
What do they sell? Everything and anything.
They "bid" on a contract. Get the contracts in $billion chunks. .gov employees use a " credit card" to buy through them. I've seen electronics, battery tools, skid loaders (100 at a time, with custom made trailers!), mops, everything but the kitchen sink. And the prices are sick.
It's good times for the right people.
Edit. If you want it, they just aquire it on the market, and put on a percentage. I imagine, the more it costs them, the better.
Just give a 'trill to some of the good old fashoined hard-working poor down in Cabrini Green, I'm sure they'll know where to put it to work!
I knew I never should have cared so much for much for my children as to pay for their education. Screwed once again.
Haha.
I already told my kids that I'm not going into a nursing home and that I'm going to hang around their places in return for no student debt.
My son says He's already scoped out a nice retirement community behind his local bowling alley where a group of independent minded, adventuresome retirees have created a vibrant 'sustainable living' enclave with many self-directed social activities.
Times Square during New Year as crystal ball hits twelve.
Well, I'm gonna keep a rake and a stock of leaf-collection bags in my back yard just in case - NOT.
What is scary is all the talk and articles about this...its being pushed by someone
Jamie and Lloyd.
Banks and Wall Street are addicted to cheap money.
Obama will drop it on ISIS in Syria.
Ill take my share in Gold,,,,
Pleasedropitonme pleasedropitonme pleasedropitonme........
I doubt they are going to spread it around to anyone I know, or they never have before.
wwxx
If they drop it on us civilians, they will have conveniently forgotten to take it out of the safe first
it would be less worth than the dirt under your shoes before you can reach your local store
refugees in europe
food-stamps in america
Let's not kid ourselves. Like everything else, the helicopter money will be highjacked by special interests and crony insiders, then squandered in economically destructive ways. Such is the power of crony capitalism to destroy everything it touches.
Then the states that accept "helicopter money" loose even more sovereignty. I know, ban guns at the state level for fiat money/debt; any representative like any judge or any man will eat their own turd or someone eles's for money because by our VERY CORE & NATURE we are morally bankrupt; even more than financially.
Now you know when God says that "the LOVE of money is the ROOT of all KINDS of evil" is so true. What would you do or what have you done for money?
The states lost their sovereignty with the uncivil war. It was sealed with the 17th amendment and the loss of their militias.
The nation lost it's sovereignty with the 16th amendment and the passage of the Federal Reserve Act.
It's getting better now that my exit strategy is fully formed, but for money and to subsit as "middle class" in this society I have worked a bullshit job I hated for over a decade. Taking 40 hours of my life every week for 10 years is a sacrifice I should have never made in order to enrich someone else.
Talk about evil... robbing someone of their only certain finite resource (time) is super fucking evil.
I'll be buying gold with my helicopter money....probably not what they had in mind though
Nope. That isn't how it works, that's how it doesn't work.
The state simply prints more notes. That's how it works. No new debt created. Your description is of how it can't work because it increases the problem... The problem being the amount of debt.
I think its so much better to give the money to the banks for free so they can charge us >6% to borrow it from them. /sarc
Can you imagine what would happen to prices if they just add zero's to bank accounts. It would destroy whatever's left of the economy. If they actually implement this then that is exactly their goal.
Now if they send you a check with payment terms, that would be a loan. The result would be the same as most would take the loan, then never pay it back,,, like student loans.
There is no way a modern economy can exist without some sort of production. Mowing each others lawns and painting each others houses won't cut it.
Spend it on our infrastructure.
Are guillotines counted as infrastructure?
I hope so. But it seems to me the final surrender for supply side trickle down, David Stockman tried to tell ya it doesn't work.
Gordon says we need significant social services and these could be targeted for forgiveness programs on student loans.
- could this include Banking, working as an agent of disciplined within the US Banking industry, working as a Financial Rating Agent for S&P, Moody's, or Fitch's Agencies, or some regulator?
- How about significant social service in watchdoging US Congress?
Like Jennifer Briney, Congressional Dish
https://www.youtube.com/watch?v=hWLmhH8sQIs
Banks no longer need our Deposits, then only need Bailouts, Bail-Ins, Federal Housing Programs, and more deregulation of Industries like the Energy Industry, Banking Industry, Ag Industry, Big Pharma Industry.
Smell a Corporate Bailout?
- 1979 Chrysler bailout, Iacocca approached the United States Congress in 1979, Chrysler was required to reduce costs
- 2009 Chrysler bankruptcy, Because of the Chrysler bankruptcy, Iacocca may lose part of his pension from a supplemental executive retirement plan
- 2008 BMW Auto Bailout, CPFF
- 2008 Caterpillar Inc Bailout, CPFF
- 2008 Chrysler Financial Bailout, CPFF
- 2008 Ford Auto Bailout, CPFF
- 2008 General Electric Bailout, CPFF
- 2008 Genworth Financial Insurance, CPFF
- 2009 GM bankruptcy & Bailout
- 2008 Harley Davidson Bailout, CPFF
- 2008 Hartford Financial Insurance, CPFF
- 2008 McDonalds Bailout, CPFF
- 2008 METLIFE Bailout, CPFF
- 2008 PACCAR Bailout, CPFF
- 2008 Verizon Bailout, CPFF
- 2009 Toyota Bailout, CPFF
- 2009 Wall Street Bailout, Unlimited FED Loans, $800 Billion TARP, $4.4 Trillion QE, And 6 Years of LIRP/ZIRP
-
Bayerische Motoren Werke AG,Bayerische Motoren Werke AG*,,,,,
Ticker,BMW GY Equity,,,,,
Includes Loans to:,"BMW Bank of North America, Bayerische Motoren Werke AG and BMW Bank of North America",,,,,
Identified in Fed Documents as:,"BMW BK OF N AMER, Bayerische Motoren Werke AG and BMW BK OF N AMER",,,,,
Capital Raised From Home Governments,,,,,,
Programs,"TAF, CPFF, DW",,,,,
Country,Germany,,,,,
Industry,Auto Manufacturing,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$735.53 ,,,,,
Peak Amount of Debt,"$4,269.30 ",,,,,
Peak Date,4/2/2009,,,,,
Number of Days In Debt to the Fed,657,Market Cap,Percent of Market Cap,CPFF,TAF,DW
-
Caterpillar Inc.,Caterpillar Inc.,,,
Ticker,CAT US Equity,,,
Includes Loans to:,Caterpillar Financial Services Corp.,,,
Identified in Fed Documents as:,Caterpillar Financial Services,,,
Capital Raised From Home Governments,,,,
Programs,CPFF,,,
Country,United States,,,
Industry,Manufacturing,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$66.03 ,,,
Peak Amount of Debt,$316.30 ,,,
Peak Date,1/8/2009,,,
Number of Days In Debt to the Fed,303,Market Cap,Percent of Market Cap,CPFF
-
Chrysler Financial Corp.,Chrysler Financial Corp.,,,
Ticker,C1 US Equity,,,
Includes Loans to:,Chrysler Financial Corp.,,,
Identified in Fed Documents as:,Chrysler Financial Services,,,
Capital Raised From Home Governments,,,,
Programs,CPFF,,,
Country,United States,,,
Industry,Diversified Financial Services,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$433.96 ,,,
Peak Amount of Debt,"$1,651.40 ",,,
Peak Date,2/17/2009,,,
Number of Days In Debt to the Fed,406,Market Cap,Percent of Market Cap,CPFF
-
Ford Motor Co.,Ford Motor Co.,,,
Ticker,F US Equity,,,
Includes Loans to:,Ford Motor Credit Co. LLC,,,
Identified in Fed Documents as:,Ford Credit,,,
Capital Raised From Home Governments,,,,
Programs,CPFF,,,
Country,United States,,,
Industry,Auto Manufacturing,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010","$1,420.24 ",,,
Peak Amount of Debt,"$6,943.90 ",,,
Peak Date,3/2/2009,,,
Number of Days In Debt to the Fed,323,Market Cap,Percent of Market Cap,CPFF
-
General Electric Co.,General Electric Co.,,,
Ticker,GE US Equity,,,
Includes Loans to:,General Electric Co.,,,
Identified in Fed Documents as:,General Electric Co,,,
Capital Raised From Home Governments,$0.00 ,,,
Programs,CPFF,,,
Country,United States,,,
Industry,Manufacturing,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010","$1,451.85 ",,,
Peak Amount of Debt,"$16,137.70 ",,,
Peak Date,11/21/2008,,,
Number of Days In Debt to the Fed,115,Market Cap,Percent of Market Cap,CPFF
-
Genworth Financial Inc.,Genworth Financial Inc.,,,
Ticker,GNW US Equity,,,
Includes Loans to:,Genworth Financial Inc.,,,
Identified in Fed Documents as:,Genworth,,,
Capital Raised From Home Governments,,,,
Programs,CPFF,,,
Country,United States,,,
Industry,Insurance,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$18.30 ,,,
Peak Amount of Debt,$202.40 ,,,
Peak Date,11/6/2008,,,
Number of Days In Debt to the Fed,100,Market Cap,Percent of Market Cap,CPFF
-
Harley-Davidson Inc.,Harley-Davidson Inc.,,,
Ticker,HOG US Equity,,,
Includes Loans to:,Harley-Davidson Inc.,,,
Identified in Fed Documents as:,Harley-Davidson Inc,,,
Capital Raised From Home Governments,,,,
Programs,CPFF,,,
Country,United States,,,
Industry,Manufacturing,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$208.38 ,,,
Peak Amount of Debt,"$1,341.40 ",,,
Peak Date,12/23/2008,,,
Number of Days In Debt to the Fed,197,Market Cap,Percent of Market Cap,CPFF
-
Hartford Financial Services Group Inc.,Hartford Financial Services Group Inc.,,,
Ticker,HIG US Equity,,,
Includes Loans to:,Hartford Financial Services Group Inc.,,,
Identified in Fed Documents as:,Hartford Financial Services Group,,,
Capital Raised From Home Governments,,,,
Programs,CPFF,,,
Country,United States,,,
Industry,Insurance,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$65.29 ,,,
Peak Amount of Debt,$373.00 ,,,
Peak Date,1/30/2009,,,
Number of Days In Debt to the Fed,185,Market Cap,Percent of Market Cap,CPFF
-
McDonald's Corp.,McDonald's Corp.,,,
Ticker,MCD US Equity,,,
Includes Loans to:,McDonald's Corp.,,,
Identified in Fed Documents as:,McDonalds Corporation,,,
Capital Raised From Home Governments,,,,
Programs,CPFF,,,
Country,United States,,,
Industry,Retail,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$18.25 ,,,
Peak Amount of Debt,$109.40 ,,,
Peak Date,3/11/2009,,,
Number of Days In Debt to the Fed,223,Market Cap,Percent of Market Cap,CPFF
-
MetLife Inc.,MetLife Inc.*,,,,,
Ticker,MET US Equity,,,,,
Includes Loans to:,"MetLife Inc., Metlife Bank NA and Metlife Bank NA",,,,,
Identified in Fed Documents as:,"Metlife, METLIFE BK NA and METLIFE BK NA",,,,,
Capital Raised From Home Governments,,,,,,
Programs,"CPFF, TAF, DW",,,,,
Country,United States,,,,,
Industry,Insurance,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$752.41 ,,,,,
Peak Amount of Debt,"$2,839.20 ",,,,,
Peak Date,1/2/2009,,,,,
Number of Days In Debt to the Fed,437,Market Cap,Percent of Market Cap,TAF,CPFF,DW
-
PACCAR Inc.,PACCAR Inc.,,,
Ticker,PCAR US Equity,,,
Includes Loans to:,PACCAR Inc.,,,
Identified in Fed Documents as:,PACCAR Inc,,,
Capital Raised From Home Governments,,,,
Programs,CPFF,,,
Country,United States,,,
Industry,Auto Manufacturing,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$65.63 ,,,
Peak Amount of Debt,$729.90 ,,,
Peak Date,11/13/2008,,,
Number of Days In Debt to the Fed,107,Market Cap,Percent of Market Cap,CPFF
-
Verizon Communications Inc.,Verizon Communications Inc.,,,
Ticker,VZ US Equity,,,
Includes Loans to:,Verizon Communications Inc.,,,
Identified in Fed Documents as:,Verizon,,,
Capital Raised From Home Governments,,,,
Programs,CPFF,,,
Country,United States,,,
Industry,Telecommunications,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$133.39 ,,,
Peak Amount of Debt,"$1,479.20 ",,,
Peak Date,10/28/2008,,,
Number of Days In Debt to the Fed,91,Market Cap,Percent of Market Cap,CPFF
-
Toyota Motor Corp.,Toyota Motor Corp.,,,
Ticker,7203 JP Equity,,,
Includes Loans to:,Toyota Motor Corp.,,,
Identified in Fed Documents as:,Toyota Motor Corp,,,
Capital Raised From Home Governments,,,,
Programs,CPFF,,,
Country,Japan,,,
Industry,Auto Manufacturing,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$414.70 ,,,
Peak Amount of Debt,"$4,626.20 ",,,
Peak Date,1/30/2009,,,
Number of Days In Debt to the Fed,148,Market Cap,Percent of Market Cap,CPFF
Sorry pal . . . your intent was good but your comment was WAY too long and had too much data. Maybe you should just write an article next time . . . .
Seems to me any such drop would coincide with some other agenda incentive. For example, banning cash, requiring everyone to have a bank account, and voila, your new account comes with $10,000 in fiat.
Drop the fuckin' money in my backyard on the patio stones.
p.s. I moved the chairs, and barbeque, so you just have to drop the money in the middle of the patio, Mr/Ms. Helicopter pilot dude/dudette.
If you get any of this, spend it as soon as you get it on useful items before they cost 10x as much. Or really piss them off and buy gold lmao.
slave reparations....word. coming 2016....
My stockbroker recommended that I buy on the dip several companies building the latest high load capacity helicopters. Some large orders have recently been received ..not from the military...but from the FED...when it absolutely needs to be there...use the FED..(Flying Every Dollar)..
The money will go to buying votes, of course. From there it will buy Chrysler 300's, drugs and forty fives.
When the central state issues $1 trillion in bonds and drops the money into household bank accounts . . .
Yeah right, and I have a bridge in New York I'll sell you real cheap. When have the criminals in charge EVER done anything to directly help the people? That's right - NEVER! So I will believe it when I see it if this talk about "helicopter money" ever directly impacts anyone but the TBTF Banks.
Muslim refugees.
With a ratio of 8:1, men:women, about 1 million of these Muslim refugees from "Syria" will go to the US from Europe during Obama's last insult to Amerika.
Resettlement programs, travel, education, housing, welfare, job training will yield billions of dollars, but most of which will go to crony NGO like Catholic Charities and local housing authorities.
While billions are a drop in the bucket in the macro economy, to struggling local economies not on politically connected or rich, they will desperately approve new zoning, construction and energized handouts in exchange for a few crumbs handed out by Democrats.
If they do, I think I'll start a helicopter transport service- "Weimar Aviation, uLTD" :)
If you have not had the Fed drop money in your lap by now?
How is the global consumer base these days?
1) The once wealthy Western consumer has had all their high paying jobs off-shored. As a stop gap solution they were allowed to carry on consuming through debt. They are now maxed out on debt.
2) Japanese consumers have been living in a stagnant economy for decades.
3) Chinese and Eastern consumers were always poorly paid and with nonexistent welfare states are always saving for a rainy day. Western demand slumped in 2008 and the debt fuelled stop gap has now come to an end.
4) The Middle Eastern consumers are now too busy fighting each other to think about consuming anything and are just concerned with saying alive.
5) South American and African consumers are busy struggling with economies that are disintegrating fast.
Oh dear.
We haven't got much time, helicopter money now.Just so ya know. They been handing out our money to thier friends for about 100 years.