Where do I go to get the free money going to the Banker Gangsters?
Sorry, private party...members only.
It’s a big club, and you ain’t in it.
Neither am I.
The free money is sitting in your/our bank accounts. The next step is to confiscate bank deposits.
Here is what the Fed does. It prints money so the people won’t riot. In the end the people riot real bad.
This is deflationary. Government takes more and leverage is suddenly removed. The only way for the first world governments to get the economy going again and have a chance of paying down their debts is by devaluation (just like Argentina). But that is hard to do when the leverage was snuffed out. Leverage is the same as printing money. But its the private sectors way of printing money.
You should expect the governments to force the banks to buy their debt. Once the banks are solvent, act two starts. That's when rates go up and the borrowers and bond holders (including the banks) scream bloody murder. Because its too big a penalty and will hit too many people, the governments will get weak kneed and keep the rates reasonably low for as long as possible. Welcome to the 1970s as inflation starts to grow. Growth stocks go up, bonds go down. Pensions pay out with devalued dollars. Tax revenue goes higher. Fixed incomes get killed, as do annuities. But this is a few years away. I say 2017.
Raise yer hand if you had not already figured out there is no exit strategy. :-)