Trump and the Coming of Helicopter Money – James Rickards

[Y_Participant 4591]

One of the great mysteries of the past eight years is why there has not been more consumer price inflation despite the fact that the Federal Reserve has printed over $3 trillion in new money.
The problem is banks won’t lend it and people won’t spend it. Helicopter money cuts out the middleman. Governments just borrow and spend the money directly without waiting for the banking system to do the job.

https://dailyreckoning.com/trump-coming-helicopter-money/

[Faust For ScienceParticipant 22521]

Part of Trump’s platform is to remove the Frank-Dodd act and the stop the bailouts for banks and corporations, while creating a trillion dollar public work project across the nation to fix the infrastructure in the nation, such as roads, bridges, water pipping. With these millions of new jobs going to U.S. citizens.

Trump is not even in office yet, and people are bitching about him. Such people have been talking out of their ass throughout the election to the present..

[TuneoutParticipant]

Also renegotiating trade deals that would have effectively meant more out sourcing and importing without the usual tariffs.

Lifes a bitch,but you don't have to marry one!

[clint englandParticipant 341]

Yep, no one knows when but there definatley is gonna be a massive crash.

I love Rickards and a few others, i’ve made a few investments that have gone to s~~~ but you have to think long term.

Besides the longer the bubble goes on the, the longer we can keep saving and investing to protect ourselves when the house of cards does collapse!

Just so grateful i don’t have a wife and kids, it’s gonna be bad enough for us singletons but i feel those with familys.

[Faust For ScienceParticipant 22521]

clint england wrote:

Yep, no one knows when but there definatley is gonna be a massive crash.

Well, we elected a man to the presidency whom is an expert in handling bankruptcies and pulling out of bankruptcies to financial success. That man is Donald Trump.

This is what really scares the globalists. The globalists want to crash the markets and create “austerity” theft of the people’s wealth through collapse and debt. See Greece for example. But, sovereign nations have the power to nullify debts, control markets, and move on with life.

[clint englandParticipant 341]

Economys are basically businesses and it’s a smart move to have a Business man with a long successful track record at the helm.

We don’t have anyone like that here in the UK that would stand a chance of being able to get to the reins of power.

The political elites here just wouldn’t allow it.

[PistolPeteParticipant 27143]

I’m going to play devil’s advocate. Officially there is no inflation but unofficially there is. Energy and food are not usually included in the official inflation numbers–why because there IS inflation in both of those sectors. 10 years ago 2 liter Pepsi 89 cents–today 2 bucks. And the same is true for milk, eggs, meat—I mean really 3 bucks a pound for ground beef? No wonder I deer hunt.

[FunInTheSunParticipant 8283]

PistolPete wrote:

I mean really 3 bucks a pound for ground beef?

Yep. Meat is expensive! I eat grilled steak once in a while. Chicken is cheaper. So is ground turkey.

"I saw that there comes a point, in the defeat of any man of virtue, when his own consent is needed for evil to win-and that no manner of injury done to him by others can succeed if he chooses to withhold his consent. I saw that I could put an end to your outrages by pronouncing a single word in my mind. I pronounced it. The word was ‘No.’" (Atlas Shrugged)

[CatsPawParticipant 423]

PistolPete wrote:

I’m going to play devil’s advocate. Officially there is no inflation but unofficially there is. Energy and food are not usually included in the official inflation numbers–why because there IS inflation in both of those sectors. 10 years ago 2 liter Pepsi 89 cents–today 2 bucks. And the same is true for milk, eggs, meat—I mean really 3 bucks a pound for ground beef? No wonder I deer hunt.

This is a good point, inflation is calculated in such a subjective manner that is no longer a useful metric.
Also bare in mind that most of the cash is actually shipped overseas for consumer products, meaning the amount of cash in the USA is not growing at the same rate.

The day that cash starts coming home (because petrol is no longer a dollar only commodity for example), thats when things will change fast.

[narwhalParticipant]

clint england wrote:

Economys are basically businesses and it’s a smart move to have a Business man with a long successful track record at the helm.

They’re really not though. I see it as the difference between being an athlete in a sport and being a referee for that sport. Those are not the same jobs. That said however, if you’re an athlete long enough, you become very knowledgeable about what it takes to be a good referee. In that respect I agree with you.

I haven’t had too much exposure to CEOs and the like, but the good ones all seem to be adept and recognizing cause and effect in the marketplace, and thinking long term. They know when to invest, when to seek debt and when to pay it off. They don’t make deals that look good on the surface, but are ultimately a poor decision.

Ok. Then do it.

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