The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label helicopter money. Show all posts
Showing posts with label helicopter money. Show all posts

Tuesday, July 12, 2016

As Japan prepares to dump helicopter money, Japanese consumers rush to buy gold to protect their wealth

Over the weekend, former Fed Chairman Ben Bernanke took a trip to Japan to speak with Prime Minister Shnizo Abe and central bank head Haruhiko Kuroda about the next phase of monetary policy which appears to entail the printing and giving of money directly to the Japanese people.

Known in economics as 'helicopter money' after Ben Bernanke's speech where he promised to do anything possible to keep the economy going, the Bank of Japan has reached the point where they have little to lose than to expand their money supply to infinite levels and give people direct cash to try to stimulate a 30 year recession.


When we first heard this past Thursday that private blogger and Citadel employee Ben Bernanke was going to "secretly" meet with both the BOJ's Haruhiko Kuroda and Japan PM Abe, we warned readers that "something big was coming." 
As noted late last week, "Bernanke will be in Japan next week. It has been arranged for him to meet officials including Abe and Bank of Japan Governor Haruhiko Kuroda, according to a government official speaking on condition of anonymity. Bernanke is expected to discuss Brexit and the BOJ's negative interest rate policy with Abe and Kuroda, the official said." Reuters also added that "some market players speculate Kuroda might decide, in a surprise, to provide "helicopter money." 
We concluded as follows: 
So is it time? Is Bernanke about to unleash the next, and final, monetary policy evolutionary step, one which launches "helicopter money" in Japan, and if successful, brings it across the Pacific to the US? 
We don't know, but if anyone is still holding on to USDJPY shorts, now may be a good time to quietly close them out because if Reuters is right, and a "helicopter money" is about to be served for the first time in modern history, things are about to get very volatile, very fast. - Zerohedge
In response to this new insane monetary policy and the fact that saving in Japan is impossible under negative interest rates, the Japanese people are buying gold in droves, and realizing that the precious metal is the only way they will protect their wealth and save what little they have left before it becomes devalued into oblivion.
While in past decades, the natural instinct of Japanese savers when faced with financial uncertainty has been to rush into the "safety" of cash (after all why allocate funds to government bonds that yield almost, or less, than nothing) as we recently showed in Safes Sell Out In Japan and Demand For Big Bills Soars As Japan Stuffs Safes With 10,000-Yen Notes, now something has changed. That something is increasing loss of faith in Japan's currency. 
Take the case of Tetsushi Kudo, a 50-year-old office worker, who as Bloomberg writes, bought a one-ounce gold coin this month for the first time. With stocks slumping and zero percent interest on savings, he says it won’t be the last. 
"I want to buy gold every year as a birthday present for my daughter,” Kudo said at a store in Tokyo’s posh Ginza district where he made the 162,000 yen ($1,600) purchase. “She will thank me for the gift when she grows up because gold will have value wherever she goes.” 
Individual investors like Kudo drove a 60% jump in sales of the precious metal in June from May at Tanaka Holdings Co., the operator of Japan’s largest bullion retailer, as the yen’s rebound against the dollar made it more affordable. Why the surge into gold? Because far behind the glitzy facade of Abenomics, which is really just the BOJ intervening daily in the USDJPY via trust banks, and manipulating the Nikkei to give the impression that all is well, the people have checked out.

Friday, May 27, 2016

Switzerland just weeks away from a vote to bring about the ultimate in state welfare

Democratic candidate Bernie Sanders loves to push nations like Sweden and Denmark as being the ideal models of socialist economies.  Of course, he refuses to acknowledge places like Venezuela, which are now in the final bloody days of their own Socialist experiment.
And while a modicum of safety net benefits are necessary for any society to protect those who either cannot work, or are in transition between jobs and other hardships, the question has always been how much a government can spend on such programs before they affect both economic growth, and fiscal policies.
The nation of Switzerland however, could potentially become the ultimate pendulum swing as they are now just a few weeks away from a referendum which would create a system that would provide every man, woman, and child free money, whether they are employed or not, or whether they actually need it or not.
Helicopter-Draghi
Read more on this article here...

Tuesday, March 15, 2016

New Zealand becomes fourth country in last four months to propose giving people free money

First it was Finland in December, then Switzerland a month later to propose new programs in which they would give money directly to the people through a monthly stipend.  And not to be left behind, the province of Ontario, Canada is planning their own direct payments to citizens here in 2016.

And while some may see this as a fringe stop-gap measure for economies that have been devastated by lower energy prices and deflation, as that old saying goes, once is happenstance, twice is coincidence, and three times a trend, and we are now officially to the point where direct monthly payments are the norm, and possibly for the future for a large portion of the global economy.


The New Zealand government is considering giving citizens a regular monthly income whatever their work status, according to the country’s Labor Party leader, Andrew Little.
The party plans to debate implementing the system known as ‘basic income’ later this month. 
Universal basic income (UBI) systems could give people a regular allowance regardless of their income or assets. They would oust welfare benefits, student allowances or pensions. 
The regular monthly pay would give people flexibility to work as they want and not to quit jobs altogether. The measure will provide a basis on which citizens can go through the down periods as well as enjoy the up periods. — Russia Today

Monday, March 7, 2016

German banking association recommending banks stockpile cash for loans to stimulate economy

On March 4, the Bavarian Banking Association recommended to its member banks that they take out all their deposits being held with the European Central Bank (ECB) and stockpile the cash for use as loans in order to stimulate the economy.  This recommendation comes as the ECB prepares for negative interest rates, and the charging of interest to banks under their authority for sequestering cash in their facility.
Like with the Federal Reserve in the U.S., ever since the ECB began its own form of quantitative easing and zero interest rates, banks within the Eurozone have simply borrowed cheap money from the central bank and either bought government bonds or parked it with the ECB where they received a modicum of interest.  This has resulted in a sharp slowdown in the velocity of money, and a massive decrease in lending to businesses and the general economy.

Read more on this article here...

Sunday, January 31, 2016

Helicopter Ben goes to Switzerland as people to vote on getting monthly government payouts

It is becoming more and more apparent that the entire global financial system is rushing headlong into a titanic collapse sometime in the future, and governments along with central banks are willing to do anything to extend it as far as it can go.  This of course means that at certain points along the way they need to use more and more drastic measures in order to stimulate spending.
Starting late in 2015, and continuing so far into the first part of the new year,  these ‘drastic measures’ are starting to hit mainstream.  And besides the growing talk about negative interest rates, and banning or ending the use of physical cash, the last resort scheme in the arsenal of those in power is right now knocking on the door, and is being looked at strongly in Northern European country’s like Norway and Switzerland.
And that last resort scheme is the direct distribution of cash to the people.

Read more on this article here...

Monday, December 7, 2015

The ghost of helicopter Ben goes to Finland

As is inevitable, when negative interest rates aren’t enough, the next phase of Keynesian madness is to simply give people money in the hopes they will spend it to boost an economy.  And while former Fed Chairman Ben Bernanke intimated this program in a speech many years back, it is Finland, not the United States, that is first to bring about this hyper-monetary scheme.
On Dec. 6, Finnish financial authorities announced they are getting ready with a plan to transfer nearly $1000 per month to all citizens, while at the same time cutting off older welfare benefit models.  This equitous plan of providing an equal amount to everyone in the country, no matter how rich or poor they are, is a final stage of desperation that will likely create the inflation Finnish administrators want, but at the cost of higher prices in the general economy, thus negating the effects of the free monthly subsidy.

Read more on this article here...