Courtesy of Nattering Naybob.
Over at Philstockworld... High Finance for Real People – Fun and Profits…
Latchdad – Helicopter money – “As for the market today, it is pretty simple. The fix is in – the Fed/ECB is getting helicopter money ready (no more rate hikes) and the Street is running ahead of them. I used to think 36,000 was a complete nonsense, but I’ve wised up to the possibility. Probability is another thing, but in this alternate investing universe we live in, the odds have increased. I’m so happy I’ve found this site and ya’ll and Phil.“
Phil – The Fed – “Sadly, they will always find someone for the job. Even when you are losing a war very badly, there are always those who vie to be promoted. What happens is you just end up choosing from less and less competent pools as the really good ones know when to leave a sinking ship. We don’t need Deepmind – I’ve got my monkey! “
We Nattered… Its an idiocracy fronting a kleptocracy where the talking monkey rules. Go chim-chim, he can pick with the best of them.
As for “helicopter money” that’s a fiscal policy carried out with the cooperation of central banks. With permanent monetization of debt through QE, ZIRP and NIRP, or private helicopter money (for banksters, corps and Wall Street) which has been in effect since the GR.
The above form of corporate welfare is opposed to the traditional form of monetary seignorage, which would involve the Treasury actually printing new base money and putting it into play with the public.
Usually, sovereign issued securities are exchanged for newly printed bank notes by a central bank, thus allowing the sovereign to ‘borrow’ without needing to repay.
That “financed” or monetized base money results in direct transfers to the public vis. distributions to the public such as minimum income. Love reign down on me in gubmint chit?
