Federal Reserve May Consider Using Helicopter Money
Fed Chair Janet Yellen said it would only be used in an abnormal, extreme situation
BY: Ali Meyer June 16, 2016 4:40 pm
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Federal Reserve Chairwoman Janet Yellen said that the central bank might consider using helicopter money in an extreme economic downturn, at a press conference following the Federal Open Market Committee meeting on Wednesday.
Helicopter money is a phrase used to describe the idea in which the government prints large sums of money in order to stimulate the economy.
Critics of helicopter money believe that the policy may lead to high inflation while proponents of the idea, such as Former Fed Chair Ben Bernanke believe that it is a valuable tool when conventional monetary policies are ineffective and when government debt is high.
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“Money is a matter of functions four, a medium, a measure, a standard, a store.” He repeated that four times like poetry. “Six Characters in Money: Portable – Durable – Divisible – Uniformity – Limited Supply – Acceptability.” — CHURCH 10●19●62 (Vol 1) 978-0-557-08387-9 page 110
The “helicopter money” defies the “limited supply” characteristics.
The deliberate inflation of the money supply, that FED pursues as a policy, is violation of the trust that people place in the “money”.
We can’t allow the Gooferment — with the aid and comfort of the FED, various bureaucrats, and the politicians — to “steal” from “We, The Sheeple”. What little wealth that the poor and those on fixed incomes have gets silently “stolen” in the form of reduced purchasing power. The wages of workers buy less and less — I don’t see anyone getting “raises” to offset inflation. And, the rich elite can always protect themselves by buying stuff as opposed to holding “cash”.
Wake up, Sheeple.
It’s a silent conspiracy to bankrupt the USA.
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