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To: SkyPilot

You mean our money might actually be worth something again?


41 posted on 01/16/2016 11:08:55 AM PST by Little Ray (How did I end up in this hand basket, and why is it getting so hot?)
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To: Little Ray
You mean our money might actually be worth something again?

It's a strange beast. At the end of the article, Noble says this:

"Given that their efforts have not yielded the desired or necessary results, what can they realistically do that they haven't already? The next thing is to give money to Main Street. That is, give money to the people instead of the banks.

Obviously puffing up bank balance sheets and income statements has only made the banks richer. Nobody else besides a very tiny and already wealthy minority has really benefited. Believe it or not, the central banks are already considering shifting the money spigot towards the public. You might receive a credit to your bank account courtesy of the Fed. Or you might receive a tax rebate for last year. Maybe even a tax holiday for this year, with the central bank monetizing the resulting federal deficits. Either way, money will be printed out of thin air and given to you. That's what’s coming next. Possibly after a failed attempt at demanding negative interest rates from the banks. But coming it is. This "helicopter money" spree will juice the system one last time, stoking the flames of inflation. And while the central banks assume they can control what happens next, I think they cannot.

Once people lose faith in their currency all bets are off. The smart people will be those who take their fresh central bank money and spend it before the next guy.

50 posted on 01/16/2016 11:14:47 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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