Zero Hedge: “… A broad-based tax cut, for example, accommodated by a program of open-market purchases to alleviate any tendency for interest rates to increase, would almost certainly be an effective stimulant to consumption and hence to prices. Even if households decided not to increase consumption but instead re-balanced their portfolios by using their extra cash to acquire real and financial assets, the resulting increase in asset values would lower the cost of capital and improve the balance sheet positions of potential borrowers. A money-financed tax cut is essentially equivalent to Milton Friedman’s famous “helicopter drop” of money
A year ago, when it became abundantly clear that all of the Fed’s attempts to boost the economy have failed, leading instead to a record divergence between the “1%” who were benefiting from the Fed’s artificial inflation of financial assets, and everyone else (a topic that would become one of the most discussed issues of 2014) and with no help coming from a hopelessly broken Congress (who can forget the infamous plea by a desperate Wall Street lobby-funding recipient “Get to work Mr. Chairman”), we wrote that “Bernanke’s Helicopter Is Warming Up.”
The reasoning was very simple: in a country (and world) drowning with debt, there are only two options to extinguish said debt: inflate it away or default.
Opinion: The Council on Foreign Relations (CFR) is the premier U.S. “think tank” promoting world government. For the past century the CFR has promoted stereotypes of the US as arrogant, self-indulgent, hypocritical, inattentive and unwilling or unable to engage in cross-cultural dialogue.
The CFR, like the Trilateral Commission, Bilderberg, and the Federal Reserve each have separate but similar globalist agendas. One of my favorite quotes from Jack Kinsella, Omega Letter, August 5, 2005:
“They aren’t conspiring with each other, they are under the direction of a Grand Conspirator, like puppets under the control of a single puppet-master. Each has its own agenda, and none are knowingly working to advance the agenda of some other part of the Grand Conspiracy.”
Money creation, like dropping it from a helicopter, or cranking up a garage printing press, will, by simple math, devalue the money in your pocket and bank account. So far we have seen food prices rise an annualized 22% for this year; you don’t hear about it because the mainstream press withholds any news that disparages the president.
Does it feel to you like everything is leading to the Four Horsemen of Revelation 6? False peace, war, economic collapse, and rampant disease. How interesting is the CFR logo?
The day will come when men will clamor for a government to solve insurmountable problems. Plank by plank a central world government is being built and the CFR is one of the architects.
Jesus said that, “this generation shall NOT pass, until ALL these things be fulfilled” Matthew 24:34.