by Clive Maund
We have already figured out that, faced with the choice between doing “helicopter money” and allowing a deflationary implosion to occur, those in power will elect the former, because it buys them more time by keeping the system limping along for longer, and we have now arrived at the stage where it will be one or other. The market has already figured it out too, which is why gold and silver have started a new bullmarket.
If you were to decide to alleviate your own personal liquidity problems by setting up a printing press in your backyard and doing copious print runs of $100 bills, you would be branded a counterfeiter and sent to jail, probably for quite a long time. Yet the government does this shamelessly, and uses the euphemism “Quantitative Easing”.