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Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People

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Helicopters 2 - Public DomainShould central banks create money out of thin air and give it directly to governments and average citizens?  If you can believe it, this is now under serious consideration.  Since 2008, global central banks have cut interest rates 637 times, they have injected 12.3 trillion dollars into the global financial system through various quantitative easing programs, and we have seen an explosion of government debt unlike anything we have ever witnessed before.  But despite these unprecedented measures, the global economy is still deeply struggling.  This is particularly true in Japan, in South America, and in Europe.  In fact, there are 16 countries in Europe that are experiencing deflation right now.  In a desperate attempt to spur economic activity, central banks in Europe and in Japan are playing around with negative interest rates, and so far they seem to only have had a limited effect.

So as they rapidly run out of ammunition, global central bankers are now openly discussing something that might sound kind of crazy.  According to the Telegraph, central banks are becoming increasingly open to employing a tactic known as “helicopter money”…

Faced with political intransigence, central bankers are openly talking about the previously unthinkable: “helicopter money”.

A catch-all term, helicopter drops describe the process by which central banks can create money to transfer to the public or private sector to stimulate economic activity and spending.

Long considered one of the last policymaking taboos, debate around the merits of helicopter money has gained traction in recent weeks.

Do you understand what is being said there?

The idea is basically this – central banks would create money out of thin air and would just give it to national governments or ordinary citizens.

So who would decide who gets the money?

Well, they would.

If you are anything like me, this sounds very much like Pandora’s Box being opened.

But this just shows how much of a panic there is among central bankers right now.  They know that we are plunging into a new global economic crisis, and they are desperate to find something that will stop it.  And if that means printing giant gobs of money and dropping it from helicopters over the countryside, well then that is precisely what they are going to do.

In fact, the chief economist at the European Central Bank is quite adamant about the fact that the ECB can print money out of thin air and “distribute it to people” when the situation calls for it…

ECB chief Mario Draghi has refused to rule out the prospect, saying only that the bank had not yet “discussed” such matters due to their legal and accounting complexity. This week, his chief economist Peter Praet went further in hinting that helicopter drops were part of the ECB’s toolbox.

All central banks can do it“, said Praet. “You can issue currency and you distribute it to people. The question is, if and when is it opportune to make recourse to that sort of instrument“.

Apparently memories of the Weimar Republic must have faded over in Europe, because this sounds very much like what they tried to do.  I don’t know why anyone would ever want to risk going down that road again.

Here in the United States, the Federal Reserve is not openly talking about “helicopter money” just yet, but that is only because the stock market is doing okay for the moment.

Most Americans don’t realize this, but the primary reason why stocks are doing better in the U.S. than in the rest of the world is because of stock buybacks.  According to Wolf Richter, corporations spent more than half a trillion dollars buying back their own stocks over the past 12 months…

During the November-January period, 378 of the S&P 500 companies bought back their own shares, according to FactSet. Total buybacks in the quarter rose 5.2% from a year ago, to $136.6 billion. Over the trailing 12 months (TTM), buybacks totaled $568.9 billion.

When corporations buy back their own stocks, that means that they are slowly liquidating themselves.  Instead of pouring money into new good ideas, they are just returning money to investors.  This is not how a healthy economy should work.

But corporate executives love stock buybacks, because it increases the value of their stock options.  And big investors love them too, because they love to see the value of their stock holdings rise.

So we will continue to see big corporations cannibalize themselves, but there are a couple of reasons why this is starting to slow down.

Number one, corporate profits are starting to fall steadily as the economy slows down, so there will be less income to plow into these stock buybacks.

Number two, many corporations have used debt to fund buybacks, but now it is getting tougher for corporations to get new funding as corporate defaults rise.

As stock buybacks slow, this is going to put downward pressure on the market, and we will eventually catch up with the rest of the planet.  At this point, many experts are still calling for stocks to fall by another 40, 50 or 60 percent from current levels.  For example, the following comes from John Hussman

From a long-term investment standpoint, the stock market remains obscenely overvalued, with the most historically-reliable measures we identify presently consistent with zero 10-12 year S&P 500 nominal total returns, and negative expected real returns on both horizons.

From a cyclical standpoint, I continue to expect that the completion of the current market cycle will likely take the S&P 500 down by about 40-55% from present levels; an outcome that would not be an outlier or worst-case scenario, but instead a rather run-of-the-mill cycle completion from present valuations. If you are a historically-informed investor who is optimistic enough to reject the idea that the financial markets are forever doomed to extreme valuations and dismal long-term returns, you should be rooting for this cycle to be completed. If you are a passive investor, you should at least align your current exposure with your investment horizon and your tolerance for cyclical risk, which we expect to be similar to what we anticipated in 2000-2002 and 2007-2009.

When the S&P 500 does fall that much eventually, the Federal Reserve will respond with emergency measures.

So yes, we may see “helicopter money” employed in Japan and in Europe first, but we will see it here someday too.

I know that a lot of people out there are feeling pretty good about things for the moment because U.S. stocks have rebounded quite a bit lately.  But remember, the fundamental economic numbers just continue to get even worse.  Just today we learned that existing home sales in the United States had fallen by the most in six years.  That is definitely not a sign that things are “getting better”, and I keep trying to warn people that tumultuous times are dead ahead.

And if global central bankers did not agree with me, they would not be talking about the need for “helicopter money” and other emergency measures.

  • Bob

    Michael:
    Can you write an article about food inflation? I have seen prices creep up the past year like other readers have seen. Also, I notice packages have shrunk in size. Kids complain that a bag of potato chips has 1/2 bag of air in it. How about a good story about this issue from you?

    • MIchael in Chicago

      I have been making comments about that topic for years on Michael’s blog. I believe he has made subtle remarks about it in multiple articles over the years.

    • James Dohnalek

      Just a note which is ludicrous. The government measures inflation EXCLUDING FOOD and energy. FOOD INFLATION IS VERY REAL. I agree.

      • Joltin Joe

        all gov numbers are highly ‘massaged’ at best and flat out lies most of the time.

        • b

          same as china.

          • Boommach

            Central control is central control.

          • SEAN THOMAS

            Do you live in China?

      • socalbeachdude

        Energy and food prices are down in the past year. Many manufactured goods are cheaper now than a year ago. Here are some specifics:

        Beef down 6% from Feb. 2015 to Feb. 2016.

        Pork down 7.3%.

        Chicken down 4%.

        Milk down 5%.

        Coffee down 1.5%.

        Gasoline down 20.7%

        Fuel oil down 32.1%

        Electricity down 3%

        Natural gas down 10.3%

        Household furnishings down 1.0%, including appliances down 5.7%. Furniture down 0.6%

        Car parts down 0.4%

        Televisions down 15%

        Toys down 7%

        Computers down 7.9%

        Phones down 16.2%

        Air fares down 1.8%

        Wireless phone services down 0.3%

        Internet access down 0.7%.

        • Richard O. Mann

          Where did you find this info?

        • Huh? Where do you live?
          Here in Toronto and I’ll pick beef because we are being priced out of eating beef for the last 6 months. And we have choices where we live …but lean burger here was $7.99/lb. yesterday as I wanted to make burgers.Ended up using veal and pork which are $3-$4/ lb cheaper.We do not buy beef now. Pork is actually affordable. Anything energy here is going through the roof seems monthly.
          Internet,TV,phones always go up here as we have no choices.
          Gas here is a cheap for us $4.00 per gallon from the 5-6 it was.
          Wish what you write was true.

          • socalbeachdude

            Southern California. Food prices are DOWN SUBSTANTIALLY again this year and there are large numbers of special sale prices on many items including beef which is as low as $1.97 per pound. Gasoline prices are around $2.75 for regular gasoline with diesel fuel around $2.30 per gallon. I just got 1 lb. of fresh deli Ralph’s Macaroni salad on sale for $1.00 per pound less a 70 cent ecoupon for a total purchase price of 30 cents within the past hour tonight.

      • Pic889

        There is an inflation on everything, because of all the money printing. You ‘ll see people talk about “constant 2008 dollars” or “constant 2012 dollars” when talking about a person’s net worth, as if the US is some banania where one dollar today is worth noticeably less than one dollar a few years ago. Ooops, that’s exactly how the situation is.

        Anyone who bought gold has seen their savings increase in purchasing power. That’s why both liberals/socialists and republicans hate gold. They can’t tax your savings (inflation is a silent tax on savings) to find their welfare and quantitative easing plans.

    • Rhino Horns

      I buy a large family size bag of Lay’s potato chips every other week, and have contemplated ripping open one bag to dump the contents into another bag to fill it up. It’s ridiculous.

      • Bill G Wilminton NC

        Stop eating those chips they are killer food…

    • jsmith

      Hey Bob, you noticed it. I just sent a letter to Libby’s complaining about the jar of Crispy Sauerkraut containing more water, and the former not as crispy! I didn’t know cabbage was so unique.

    • Christoph Weise

      Check out the Chapwood index and your question is answered.

  • retired22

    I have said many times that the international corporations & banks are committing slow & unintentional suicide by abusing & cheating the middle class it deals with.

    Commenters keep writing about how the middle class public is being impoverished by the banks & financiers,..& they are correct!
    However,the idea doesn’t go beyond that point!

    The reality is that the financial elites are heavily leveraged & invested in businesses that sell to a consumer trade.Consumerism which makes up 70% of the total economy.

    The middle class public that is being impoverished makes up the major part of the consumer economy!

    If the middle class consumer can’t afford to buy products & services the whole customer base will be gone & large corporations will go bust for lack of customers!

    • Rick

      Don’t think it matters to Bill Gates and Ted Turner. They’d rather see UN Agenda 21 completed where only the elites can live the way God intended.

      • retired22

        They won’t be able to,….if the middle class breaks society will go back to the 18TH century!
        If they want to live like landed gentry in the 1700’s I guess they can!

        • Rick

          These people will live like kings in their under mountain fortresses while the population struggles in crampted quarters prescribed by UN Agenda 21. They ideally would like a couple hundred million of us (world wide) to survive in order to serve them. Their Arian stock will then incestuously mix and repopulate to a small degree to rule the serfs. Yep, so you are pretty much right.

          • Bill G Wilminton NC

            Get right with GOD get a BIBLE…

            We are in the Last Days…..

          • SunnyFlaSnotress

            Sell your soul to Satan

          • Jerry C

            “A good man out of the good treasure of his heart bringeth forth that which is good; and an evil man out of the evil treasure of his heart bringeth forth that which is evil: for of the abundance of the heart his mouth speaketh.” Luke 6:45

      • retired22

        And how are they going to fend off 500 million enraged entitlement junkies burning down the towns in North America & Europe?

        • Bill G Wilminton NC

          In one year 90% of the enraged entitlement junkies will be gone…..

          • Auldenemy

            If the system melts down, just about everyone turns into an, ‘entitlement junkie’. Only thing is there won’t be any entitlement available. It won’t be a case of the already unemployed out on the streets in rage mode, it will be the millions more who suddenly also find themselves out of a job.

        • Rick

          They won’t have to. The 500 million will be killing each other off. The elites behind all of this and their politician puppets will be long gone into hiding.

          • retired22

            Rick,all of their wealth & status won’t do anything for them if civilization is destroyed.

    • Joltin Joe

      I can’t wait for this day, it will be GLORIOUS!

  • CharlesH

    These people are insane. They’re in charge yet they have no clue what they’re doing. We’re doomed. 😉

    • watchmannonthewall

      Probably not doomed, but certainly headed for a whole lot of trouble! The real question is, “Who is going to rise up as a (world?) leader to solve this apparently worldwide, or at the least, western problem?”
      Do you think Russia and China will continue to accept western currency from nations that helicopter drop money, or will they want payment for their goods in hard currency? At what point will they refuse “play money” or will they be part of the system?

      • sistersoldier

        You go watchmannonthewall! You get it.

    • Bill G Wilminton NC

      Its called DESIGNED for New World Order !

  • ALWAYSTOMORROW

    I just checked my bank account and there is still plenty of room. Where do I sign up for the free helicopter moola?

    • watchmannonthewall

      Is there any possibility that they will wait until things are very bad and then propose “helicopter money” while tying it to your acceptance of some sort of chip each person carries around in one of two places on the body, and, if you don’t accept the chip you get no money credited to your bank account, while at the same time eliminating cash as a currency? Just a thought! I wonder what they are thinking!

      • Joltin Joe

        I will never accept a chip, but I bet you’re correct.

      • socalbeachdude

        No.

      • Jerry C

        The RFID chip can only work in two places of the human body (something about less body fat interfering with the transmitter). It also has been found to create cancerous sours in lab rats. Reminds me of a thousands year-old book about “marked” people who get these horrendous painful sores or something rather. :)

        • watchmannonthewall

          Yes, me too! Now where did I see that before?

    • sistersoldier

      You want it all, gold, silver and now our share of the helicopter drop. Just greedy :-)

  • dadelaw

    “If you can believe it, this is now under serious consideration.”

    Why wouldn’t it be under serious consideration… even if I can’t believe it?

  • aldownunder

    Money for big screen TV’s,Playstations,tattoos,gambling,alcohol and drugs what a boost to society and the economy
    Good Luck

  • James Dohnalek

    One more week of stock buy backs and the market will begin to tank.
    Question is…. Does it tank slowly or rapidly. It will be slow, until investors get wind of their declining mutual funds. When that happens,
    L. O. O. K. O. U. T. F. O. R. T. H. E. C. R. A. S. H !!!!!!!!!!!!!!!!!!!!
    Katy by the door. 100% selling and .01% buyers. The maker will go down to 6,000 in six months. Then down to 3,500 in the next two years. It will be a long DRY SPELL FOR THE STOCK MARKET. The rest of the world will be worse off than (US). United States.

    • ALWAYSTOMORROW

      How about a simple wager based on your statement.

      Your time frame appears to be for 2016 when you mention the market down to 6000. I assume you mean the DOW.

      How about during the rest of 2016 starting on April 1st, every day the DOW is above 10,000 you pay me $100 and every day it is below 10,000 I pay you $500.

      Ready, set, Go. Please make my check payable to Mr. ALWAYSTOMORROW.

      • Jerry C

        “Jesus said unto him, It is written again, Thou shalt not tempt the Lord thy God.”Matthew 4:7

    • Liberty First

      So hard to say how it plays out in fact. I do believe that people who buy precious metals now and are willing to hold for 10 years will be very well off. Just take 10,000, or whatever you can afford, and go for it.

      Of course, the govt. may outlaw holding gold. If they become that evil, well, all bets are off.

      • Rick

        Of course they will have to take our guns before they can take our gold. I don’t think we’ll be as stupid as we were in 1933.

      • Joltin Joe

        Gold is for the 1%, buy silver, food and lead

        • Jerry C

          water purifier, medicine

  • Bill

    I had an email today stating that a new “consumer rebate bill” was signed into law last Friday, authorizing up to $42.4 billion to be put back into the pockets of 119 million eligible taxpayers.

    Is this what you are getting at Michael?

    • MIchael in Chicago

      H.R.4283 — 114th Congress (2015-2016)The Consumers REBATE Act puts a price on carbon extracted from coal,
      oil, and natural gas and returns that revenue back to the consumer.
      Under the legislation, the applicable price for taxable carbon is
      $15/per ton of carbon emission.

      The price is paid by the producer, miner, or importer of the oil,
      coal or natural gas. The U.S. Treasury is instructed to make quarterly
      payments or reinvestments back to all eligible consumers.

      The Consumers REBATE Act is built to increase American innovation and
      leadership in manufacturing and energy production by including a tariff
      on goods imported from countries that do not have carbon markets or
      pricing.

      • Bill

        “According to Ways and Means Committee Chairman Kevin Brady, the purpose of this new law is to”grow our economy and help American taxpayers keep more of their hard-earned dollars”

        • MIchael in Chicago

          Which HR or Senate bill are you referring to?

          • Bill

            Not sure what is going on here as the email links to an Oxford Club page that says the bill was signed (Friday)12/18/15.

            There is so much disinformation being thrown around that it’s about impossible to keep a scorecard updated. Just another scenario for destruction.

  • K

    Well I guess I know who is really running the economy. It is the 3 stooges. This is right up there, with drilling a hole in the bottom of a sinking boat. You know, so the water can run back out.

    • MIchael in Chicago

      Clearly they are desperate and lacking in an intelligent plan. Kicking the can has become global economic policy I guess.

    • Bill G Wilminton NC

      Ha ha ha ha ah lol…..bullseye !.

    • Jerry C

      Oh goodness. They already took your advice.

  • Brandon King

    Didn’t this happen in the early 2000’s under the Bush administration when they sent out stimulus checks to everyone?

    • Bill

      Yes

    • MIchael in Chicago

      Yes and they had to repay the loan during the next tax season. It is a loan (earned income) on future earnings. Not to be confused with a gift.

    • David

      yes. but they got it all back through taxes.

      • watchmannonthewall

        Not for sure on this but didn’t they give us about $400 per adult and then drop the tax rate a bit, or maybe it was the SS tax, so each received just a bit more each week in their paycheck? I seem to remember the larger amount as being a bit helpful, but the weekly amount as making no difference. Frankly, $800 for a married couple today would have a miniscule effect on the GDP of the country. To make a difference, the amount would have to be mutiples larger, don’t you think?

        • MeMadMax

          Yep, they adjusted the tax a bit but the biggest prize was a check equalling what you paid in taxes. There was two instances of that happening, I got back about $1,500 each time.

    • David

      the stimulus checks didn’t really do any good as most people used it to pay bills they had got behind on rather than spend it on what they wanted or needed.

      • MeMadMax

        It did bounce GDP up a bit.

        • SunnyFlaSnotress

          Done in Tattoo voice ala Fantasy Island..
          “The Helicopter.. The Helicopter!”..

          • Richard O. Mann

            Didn’t he commit suicide because they “shorted” him on his salary? HA!!

      • Purple Wings

        If I recall, those checks weren’t very much anyway. If they ever plan on giving us “free money” in the future, I am going to do the exact same thing – pay down debt. I’m willing to bet that many people would do this also, which means the plan will have backfired. Ha!

        • mister_roboto

          Yes. Since our money is basically debt, paying off debt extinguishes money.

      • SunnyFlaSnotress

        “The best things in life are free”
        But you can give them to the birds and bees
        I want money
        That’s what I want. That’s what I want. That’s what I want.

        Your love gives me such a thrill
        But your love won’t pay my bills
        I want money
        That’s what I want. That’s what I want. That’s what I want.

        Money don’t get everything it’s true
        What it don’t get, I can’t use
        I want money
        That’s what I want. That’s what I want. That’s what I want.

        I want money
        In fact I want so much money, give me your money
        Just give me money”

        • ALWAYSTOMORROW

          I too like, no, love money. I find its fragrance intoxicatingly aromatic.

          • Jerry C

            “For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.” 1 Timothy 6:10

        • Richard O. Mann

          Good one. My wants in life are simple. I want it all, and I want it now.

      • Lennie Pike

        The stimulus money given in the form of food stamps etc. to illegal aliens (who have been given American’s jobs) isn’t helping either. It’s not helping wage levels either which could possibly stimulate the economy.

    • Liberty First

      $500. The Village Idiot struck fast and hard, and often. TARP was my favorite. He had lots of help from his pals in both parties, of course.

      • socalbeachdude

        TARP ended up with NO NET COST to the US government and was nothing other than very short term loans at high interest rates from the US Treasury to financial institutions and certain corporations. Nothing was “given” at all to anyone with TARP.

        • Liberty First

          You miss the point. It screwed up the market, the natural consequences of ignorant stupidity displayed by the bankers and other beneficiaries. Why can’t you see that?

          Please, please, never post a critique of welfare if you really believe this. Never ever. I respect welfare queens who never had a chance more than the abject losers who had their arses saved by the taxpayers.

          No wonder Trump is winning.

          • socalbeachdude

            TARP had nothing to do with the stock markets and was just a LOAN PROGRAM WITH HIGH INTEREST that most recipients attempted to refuse to participate in but were FORCED TO PARTICIPATE IN by the US Treasury. All TARP funds loaned were nearly immediately repaid with about the only losses being around $10 billion to GM. Moreover, TARP had nothing to do with the Federal Reserve at all.

          • Liberty First

            Who said it did? I must have phrased my comment poorly. Anyway, we could debate this all night long.

    • socalbeachdude

      No, that tax credit program was a federal government “stimulus” program and had nothing whatsoever to do with the Federal Reserve.

  • MIchael in Chicago

    Helicopter money worked in America when it was released prior to the stock market correction (I forgot which one). The people were all living well just as most of us are now. So they went out and spent the check they were given. However the Fed also tried helicopter money in recent years AFTER the correction. The people spent the money on bills instead of ‘stimulating’ the economy. Anyway. Zero Hedge recently wrote an extensive article summing all that up. Personally I would love a check from the Fed next month as an advance on next years Federal income tax. $500, $1000 or even $1500 now in exchange for not getting a return at all next year is fine with me. I could be wrong but I think the two times the US Fed has released stimulus check the amount increased each time. $400/$800. Maybe this time $1,200 or more. A loan on future earnings. Sign me up!

    • Joltin Joe

      If you are getting a ‘refund’ you are giving uncle sam a 0% loan. You should strive for break even or just owing them a little bit.

      • Jerry C

        Plus that “refund” can be confiscated at their whim.

  • Bill

    Do we all agree that any $ from the sky is just another scam by the PPT?

    • Joltin Joe

      I’ll take ‘their’ (my) cash and pay off my debts, I’m no moron who will go out and ‘blow it’ on Chinese junk.

    • socalbeachdude

      There is no PPT at all.

  • …my high school history teacher says that Thomas Paine said, that Jesus NEVER existed!…any feedback?

    • aldownunder

      What’s that got to do with the story

    • Kim

      Tell him neither did George Washington.

    • Contrarianthefirst

      Ah, government schools for government indoctrination. Now you have an idea why you’ve been imprisoned for the years K-12.

    • Gay Veteran

      read The Age of Reason

    • Jerry C

      In 2,000 years, your high school history teacher NEVER existed but Jesus’ Book & followers will remain.

  • David

    pretty desperate move. giving money away for the masses to spend to stimulate the economy because most people are tapped out/broke. a business without customers is a very expensive hobby!

  • Kim

    Surreeeee!!! I’ll take a few stacks, no problemo!!!

    • ALWAYSTOMORROW

      Hay Hay Hay, wait your turn please. The line forms behind me.

  • Liberty First

    We are stuck in a weird, situation, considering moving to Dallas for greater economy opportunity – it is humming there – but scary time to move. The housing market thing, though, could work to our advantage – we will sell within two months (hopefully not losing too much money) and will be buying in about 6. That will be before the great inflation that sends home prices skyrocketing after the final big crash.

    • df NJ

      Do it. There’s always more life and opportunity in the city. Small towns are dead and full of pessimism.

      • Liberty First

        Thanks for the heads up. This is what we are sensing.

        • Jerry C

          Do not get a house in the city. They will import all kinds of criminals giving them subsidies to live right next to you; yet, you’ll get nothing but problems. Get a house in the country & drive in to the city for work.

    • Joltin Joe

      Depends where you live, real estate is booming in Fort Mill, SC just below Charlotte, NC. houses selling in 1 day

  • Bob332

    ” Central banks would just print money out of thin air”……They have been doing this for years .The problem now is the O2 is VERY, VERY thin, soon to the choking point!

  • ali

    I like the idea as long as I get a bag or two.

  • mtntrek3

    Let’s say we take a trillion dollars and divide it up among the U.S. population age 21 and older. That would be somewhere around $3,800- $4,500 each. That would be a help, but a flash in the pan for the economy. We need many more livable wage jobs that we can hopefully work at for most of our careers. That’s the answer to our economy’s woes. I personally don’t hold out much hope for it however.

    • Jerry C

      Exactly. That’s comparable to giving a fish to a man to eat for a day, but teach him to fish…

      • mtntrek3

        I hear you, but we need some more productive “fishing holes” concerning jobs. More places to fish where bigger fish can be caught so to speak.

  • Horiboyable .

    Martin Armstrong is predicting that the bond bubble will burst and money will flee panic and the only market big enough to park that much money will be the DOW & S&P. He is predicting they will reach new highs.

    • Joltin Joe

      I’d rather buy DOG and short the dow, just saying!

    • ALWAYSTOMORROW

      Maybe Jazz is Martin Armstrong.

    • GoldenGirl

      And his model is usually correct, right down to the day. Should be interesting to watch unfold. I have received quite the education since I started following him. :)

      • Horiboyable .

        Martin gives some very interesting historical insights. Another guy I am on board with is Harry Dent because I fully understand in reasoning.
        Gerald Celente is no fool and you get entertained.

        • GoldenGirl

          I agree on Martin’s historical insights. It’s truly amazing how cyclical everything is. I also read Dent and Celente (and who doesn’t need some entertainment in this mess, right?). I find King World News to be a pretty good clearing house for the ramblings of analysts and trends forecasters, whether I believe them or not. ;~)

  • James Dohnalek

    If the government gives Hilo. Money back to only tax payers, well, that money will be mostly saved not spent. It would stimulate the economy if money is given back to EVERYONE IN AN EQUAL AMOUNT, regardless of tax bracket.

    • retired22

      We will get Thousands of dollars back for free & a loaf of bread will cost $25 for a one pound loaf!

      • jox

        This simply wont happen. Do you prefer that the FED gives the money (3.5 trillion!) to the banks. It is not better 0.5 trillion to the people?

  • James Dohnalek

    Trillions of dollars will disappear. Everyone will feel the effects. All assets will decrease or disappear including companies and sorry to say this::::: millions of jobs. HUNKER DOWN MY FRIENDS. This damage will go on for a long time and NEVER END !!!!

  • James Dohnalek

    To the blogger: ALWAYSTOMORROW:
    Your ATTACKS ARE UNWARRANTED.
    Why do you HIDE behind a facade name.
    Reveal who you are. If not, YOU ARE A FRAUD. Not to be considered. You could be a greedy stock broker who wants to gamble with other people’s money AND LOSE IT COMPLETELY.

    • ALWAYSTOMORROW

      I am Rumpilstilskin. Remember him?

  • Harry Merkin

    So if I’m to understand this correctly, it’s not really free money, it’s taken out of your taxes next year???? Someone please enlighten me.

    • jox

      Because the mechanics of the money creation process, right now the amount of money circulating on the economy is diminishing. Central Banks balance this creating more money, this is called QE. The problem is that Central Banks give this newly created money to banks, hoping that they give more credit and money reaches finally the economy. This is not happening. Helicopter money (we call it ‘QE for People’) consist of giving this money to actual people, ensuring that it will reach real economy.

      • socalbeachdude

        False. Central banks do not “give” a single penny of money to banks. All QE in the US involved was ASSET PURCHASES of existing assets from banks for which the banks has NO NET GAINS at all from those purchases and all of those proceeds are in the excess reserves account of the banks inside the Federal Reserve.

    • socalbeachdude

      There is no “free money” for anyone anywhere.

  • df NJ

    We need to convince CEOs it’s in their economic best interests to increase wages and this story would not be relevant. We need to return to the era were the common Joe knew what greed meant and wanted to work hard. Nowadays everything is socialism or pork spending. We need to return to capitalism for the little guy.

    • socalbeachdude

      It is in the best interests of CEOs to FIRE PEOPLE AND CUT WAGES. Are you somehow not aware of that fact?

  • Rick

    So does this mean we should all book trips to Europe soon so we can catch some of that money being dropped from the sky?

    • REALIST

      Just avoid Brussels…………..debris is dropping from the sky…………………

    • socalbeachdude

      There is no money being “dropped from the sky” anywhere in Europe. Helllloooooooooo?

  • retired22

    All of the ideas posted as comments are besides the point!

    The only fact that matters is that the Financial sector is sucking the real economy dry & there is nothing out there to stop this situation from continuing.
    The SEC is next to useless,Washington politics is owned by the financial markets & Glass-Steagall was repealed by Clinton in 1999!
    If more money( fiat paper) were tossed out into the world the Wall Street Gordon Gekko’s would find new & more imaginative ways to steal it & we would be back to where we were with new debts to be paid for with tax money!
    The only way to really solve the problem is to get rid of the Federal Reserve & the financial markets Casino players who live off of the system!

    • socalbeachdude

      Nope. And the Federal Reserve essentially operates as a NOT-FOR-PROFIT entity and rebates more than 95% of its annual profits to the US Treasury. Are you somehow not aware of that fact?

      • retired22

        They are leaches cleaning the world out.
        They don’t need the official receipts,..they make fortunes for their shareholder banks by controlling the cost of credit & the flow of capital.

        If private,non banking,companies did bookkeeping the way the Fed.does they would be headed to Jail as white collar criminals.

        The very concept of Reserve & Debt based banking is embezzlement for the select few.
        If we took the ‘N’ out of 10% reserve banking we would have ‘reserve baking’.

        Any baker who sold the same loaf of bread to 9 different customers would be a criminal,….why does this not apply to banks?

        • socalbeachdude

          Absolutely false and utterly clueless.

          The Federal Reserve does not control the cost, availability, or flow of capital or credit at all and the Federal Funds Rate and Federal Discount Rates are PRACTICALLY NEVER USED and only apply to interbank lending and lending directly from the Federal Reserve, both of which can only be used to CLEAR OVERNIGHT TRANSACTION IMBALANCES at the Federal Reserve and cannot be used for any other purpose at all and that has ALWAYS been the case with those 2 rates.

          You obviously do not understanding RESERVE REQUIREMENTS which simply mean that no bank subject to reserve requirements can ever lend out more than 90% of the balances in customer deposits and does not mean or infer anything else at all.

  • Contrarianthefirst

    At the end of the day, Folks, there are no free lunches. Those who promise such, are skinning you alive.

    • REALIST

      It will show up in inflation, but people will have “work”. Is it not better to have a job and pay $5 for a loaf of bread, or NO job and bread sells for $1?

  • jox

    An intelligent person don’t discard an idea only reading the title. You should read about ‘QE for People’, a serious and exciting proposal from Positive Money in UK. QE is free money for the banks to stimulate credit creation. QE for People is free money for people to stimulate the real economy. Can you see the difference? Milton Friedman was the first to use this concept, and now is backed by economic professors from right and left.

    I firmly believe QE for People is the last bullet before the financial world collapses.

    • Bill G Wilminton NC

      The Last Bullet………is coming……Get Right With God !

  • toadsticker

    Flint, Michigan has turned into zombie land.

  • J B

    Even if….
    They gave ten thousand bucks to 100 million sheep, that’s only 1 trillion, in the scheme of things, that’s peanuts. Why work, when you can get free Money. What happens when the money runs out, same problem. And they are trying to fix a problem of too much money, by creating more money. It’s just more madness by the 1% of the 1% to ensure they stay in the 1% of the 1% club.

    • jox

      You don’t get it. First, this money in the hands of people, and not banks, will make a BIG differente for the economy. Second, the money is a one-time payment, not a regular income. Third, people get the money DIRECTLY, not thru a credit from the bank. That makes a big difference. The 1% elite don’t like it at all, and are making all their efforts to stop it. Don’t help them.

      • J B

        Don’t worry I get it,
        Point is, so everybody goes out and buys a Monster TV, big Whoop. All this does is help the Chinese Economy. And the Governments going to get at least half money back in Taxes over time. Money drops don’t work, it’s only a Temporary fix for retailers.

        • jox

          Tell me please an example of a money drop that has not worked.

          • J B

            Money dropped on Bankers was a waste of Money
            Australia did two money drops, the second one was because the first one didn’t do anything, the second one only had a short term effect.

          • jox

            A small effect is not equivalent with ‘not working’. You allways can repeat it and make it bigger. In Australia, how much money was given to every citizen?

          • J B

            It wasn’t to everybody, I think it was ~ 50 bill
            If you were single, you got squat, if you were too old you got a bit more than squat. Some wealthy people even got some. It was like they just threw darts at the board.

          • socalbeachdude

            “Given” by whom?

          • jox

            I don’t know. The government I suppose. J B said that “Australia did two money drops”. I were asking for more details.

          • socalbeachdude

            No money was ever “dropped” on banks or bankers at all.

          • Lennie Pike

            Correct – not “dropped” – $19 trillion was secretly SLID UNDER THE TABLE with many of those trillions being slid to European Banks.

            Get real!

          • Lennie Pike

            Maybe you meant in Australia – it’s all the same people, same criminal gang.

          • socalbeachdude

            Absolutely false. There was NEVER more than $1.5 trillion outstanding at any one time in LOANS from the Federal Reserve to banks – and all of those banks were US OPERATIONS of those banks and all of those very short term (typically overnight) loans were fully repaid with interest.

            Get real, dude.

      • REALIST

        1) Suspend all income tax payments for 2016.

        2) Reduce all outstanding credit card debt to 2%

        • jox

          Those are possibles cases of utilization of QE for People, but I find that they are not fair. They help to the big income people or big debt people.

          • socalbeachdude

            Those concepts have nothing whatsoever to do with Quantatative Easing (QE).

          • jox

            If you say so.

        • socalbeachdude

          The current federal government debt is now in excess of $!9 trillion and the the federal government only collects about $3 trillion a year in revenues while spending about $4 trillion a year.

          As to credit card debt that is a small portion of the overall debt environment in the US and only stands at around $1 trillion out of a total of more than $60 trillion of total debt in the US.

          Credit card debt is UNSECURED DEBT which is why it carries a high rate of interest.

      • Gay Veteran

        printing more “dollars” reduces the value of the dollar

        • jox

          Not allways. When the amount of money in circulation is diminishing, printing more dollars simply maintains the money constant. This is what is happening right now. The FED’s balance sheet has gone from 1 trillion to 4.5 trillions, but the value of dollar is the same or even bigger than before.

          • socalbeachdude

            None of those QE funds of $3.6 trillion ever left the inside of the Federal Reserve. The Federal Reserve has not in any way devalued the US dollar and it has soared around 22% over the past few years and was recently at and over 100% on the DXY and its long term trend is much higher. The Federal Reserve has been very conservative in money creation over the years and its total balance sheet is only around $4.4 trillion to support a nearly $18 trillion a year economy. The most egregious money printing central bank in the world is the PBOC which has created more than $30 trillion of money and increased its money supply from only around $2.5 trillion 10 years ago to presently well over $32 trillion despite the fact that its $10 trillion a year economy is about half the size of the US economy.

          • Gay Veteran

            can’t say it as well as Karl Denninger at market ticker.
            more dollars “printed” the less those “dollars” buy

        • socalbeachdude

          Not necessarily at all.

          • Gay Veteran

            try reading some Karl Denninger.

          • socalbeachdude

            Karl has nothing to say about that that adds any knowledge to the party.

          • Gay Veteran

            because you’re a financial Einstein.
            people can go to market ticker and read for themselves

      • socalbeachdude

        No, it most certainly would not and if the government attempted to do that the only way it could do that is through VAST ADDITIONAL DEBT BORROWING via the issuance of new US Treasuries which would be MORE DEBT OW$ED BY THE CITIZENS OF THE US.

  • mister_roboto

    Stock buybacks, eh? I was pretty sure that whatever has been propping up US financial markets couldn’t be “legit”.

    • REALIST

      “THEY” can not let the DOW go below 16,000. It would crush all Pensions and Insurance companies. This is why the corporations can borrow for 0.1% and (wink, wink) are encouraged to buy up their own stock to keep the DOW up. Be real, “THEY” have absolutely no choice. The market can never be allowed to drop to it’s true value since that would be the end.

      • socalbeachdude

        “They” can’t do anything to keep the stock markets propped up other than corporate buybacks which are coming to a halt as earnings massively deteriorate at corporations.

  • Kerry

    Let the blackmail and bribery begin with a large side of skull dugry and cheating lying and stealing and murder most foul.

  • REALIST

    The Major banks own the Federal Reserve Corp, which is a private company. They get their “funds” for almost nothing but look at the interest rates on credit cards….high. I suggest ALL credit card debt be lowered to 2% immediately AND all outstanding car loans be reduced to 2%, immediately.

    Since the “member” banks of the FED (they hold stock in this private corporation), again, get their “money” for nothing (0.01%), they can do this and take much stress off the working man. Require a larger principal payment, if you must, but there is no reason this can not be down with just a few taps on a keyboard.

    There is also no reason all mortgages still held by the Banks can not, also, be lowered to 2% without any paperwork. If the loand are held by them, they simply type in the new %. Even with mortgages sold, the banking cartel can “pay” down the % to whom ever owns the mortgage and then let the homeowner have a lower payment, based on 2%.

    • socalbeachdude

      Mortgages are a CONTRACT between the mortgagee and mortgagor and specify the exact terms and amounts of repayment required and those terms are in writing and binding on both parties to the mortgage.

  • Apollyon

    Our country has always done that, it is called foreign aid. Giving money to foreign governments causes them to use the dollar and props up the currency. Giving money to the masses is done in the form of welfare.

  • Thinx2much

    It sounds like big changes are coming soon. Value signals and symbols can only be manufactured and manipulated for so long before they must justify with reality.

    • socalbeachdude

      The major change needs to be a MASSIVE REDUCTION IN GOVERNMENT DEFICIT SPENDING.

      DEBT IS THE PROBLEM.

  • DJohn1

    If I wanted to flow money directly to the public I would do it with a massive tax reduction to everyone and predate it so it comes into effect this year. Meaning in April, a whole lot of people get a couple of thousand dollars worth of tax returns.
    Realistically, that will not happen.
    I think a one time raise in Social Security payments bringing everyone up to date so that they have about 200 dollars more to spend than they did before might work as well. If you are going to give away money why depend on helicopters.
    That money will flow downwards into the pockets of old people and their children still living at home.
    I would increase the tax benefit of owning a home. When I was young with two children, I used to receive approximately 1,000 to 1,200 dollars back each year using the tax benefits of owning a house and having children. That was in 1969 dollars. Meaning it would be worth 10 times that today. How would our children react to getting 12,000 back each year on their income taxes?
    The people running things back then knew the benefit of re-seeding the money back to the public so they had money to buy things.
    The people running things back then also knew the value of unions negotiating wages instead of individuals trying to increase wages.
    It is well said that someone representing themselves has a fool for a client. That statement is one made about lawyers but it also pertains to people trying to negotiate wages for themselves. It doesn’t work.
    We were at a currency valued at 35 dollars per ounce of gold in 1969. We are now using a currency that is approximately 1200 dollars per ounce of gold. And I am sure I am being too conservative at that. I do not keep up with the price of gold.
    At any time, the government can dictate what silver or gold is worth. Ask the Hunt brothers about that.
    I think Donald Trump is right. We are not dealing good deals for the American public any more. We need to be more critical about who we let in the country. I think we need to completely revise the way we deal with foreign aid.
    He wrong about one thing. If we cut off the supply of cheap retail goods we lower the standard of living of every one of us.
    What we need is someone who understand economics from a practical basis. That sure is not the Keynesian Economics taught to people in college today.
    The trouble with the current administration is they have no clue as to what makes the economy tick.
    They brought in a program of insurance reform forced on everyone. THAT more than anything else is causing the depression we are now entering into.

    • rentslave

      Because of those deductions which put a floor on housing prices,I’ve been paying rent for 48 years,isn’t it time that I got a break?

      • sistersoldier

        Yes it is because that is a very long time to pay for anything!

    • socalbeachdude

      A federal tax reduction would ONLY MASSIVELY INCREASE THE FEDERAL DEBT which is now more than $19 trillion and growing by about $1 trillion per year.

  • GSOB

    What we feared, has happened –
    Charles Michel, Belgian Prime Minister

    • Bill G Wilminton NC

      TRUMP warned belgium of this on a FOX NEWS interview GOOGLE foxnews jan 27 maria batiromo interview trump brussels muslim

  • picomanning

    So our American currency, whose guaranteed substance IS the stuff of “thin air” might better be called “Thin Air Certificates”, rather than “Federal Reserve Notes”, so that they may be more appropriately understood, and redeemed for their inherent value for the benefit of the holder, if necessary.
    This is the stuff of man’s wisdom. All nation’s currencies have the same underlying guarantee. “In God We Trust” is an ancient ideal finally fully usurped by the Wisdom of Man. I hate to sound all religious but the Old Testament explains what happens to nations that stray. Let us recommend that the phrase “God Help Us” should be our new currency motto!

    • Boommach

      The US currency is backed by the full faith and credit of the United States. That becomes as thin air as we succumb to evil and greed. Evil dissolves any perceived faithfulness and greed has robbed us of our creditworthiness.

  • Bill G Wilminton NC

    TRUMP WARNED ABOUT BRUSSELS BELGIUM ON JAN 27 2016 ! google foxnews maria bartiromo jan 27 interview trump brussels

    TRUMP SAID “BAN” THE SYRIAN REFUGE’S FROM ENTERING USA til a system to vet these immigrants for the safety of U.S. citizens !

    TRUMP WARNED OUR STUPID LEADERS AND THE ESTABLISHMENT DEM/REPUB LAUGHED AND RIDICULED TRUMP.

    HAVE YOU HAD ENUFF OF THESE TRAITOROUS NEW WORLD ORDER GLOBALISTS….DO YOU GET IT YET……VOTE TRUMP!

  • jsmith

    Do you think the government will give us enough money to buy silver and gold. Is that their intention? Lol.

  • Nestor

    “This is not how a healthy economy should work.”

    In a healthy economy, banks don’t exist, real estate business doesn’t exist, debt paper bills are not used as money, companies don’t exist.
    In a healthy economy, 80% of what you have now doesn’t exist.

    • socalbeachdude

      Nope.

  • Lennie Pike

    Dropping actual money would be too dangerous (not that they would care) but something they would never do anyway because they know that because of it’s nature – it would then leave “them out!!!”

  • Lou

    Money to the people? They should have done that FIRST! Instead of giving the money to the banks and governmental cronies…. Stimulate demand at the individual level!

    • socalbeachdude

      No money was ever “given” to banks by anyone.

      • backtothefuture

        lol never heard of a bailout how about the trillions given away to banks by the Fed to banks in 2008. People should of been bailed out

        • socalbeachdude

          Not a single penny of funds was ever “given” to banks by the Federal Reserve in 2008-2009.

          Banks simply got LOANS that they paid back in full. How are you not aware of that?

    • REALIST

      The Banks own the Federal Reserve Corporation.

      • socalbeachdude

        So? More than 94% of all profits of the Federal Reserve are annually rebated to the US Treasury for the benefit of US taxpayers and those profits now exceed $100 billion.

    • sistersoldier

      Right!

  • Bill G Wilminton NC

    TRUMP WARNED BRUSSELS BELGIUM in a interview GOOGLE fox news interview with maria batiromo jan 27 trump brussels

    TRUMP THE ONLY ONE to say STOP the Syrian Refuge’s from entering the USA..now Cruz agrees…also Cruz now agrees with THE WALL…..pretty soon CRUZ will start combing his hair like TRUMP !

  • socalbeachdude

    Central banks NEVER “give” money to anyone and did not “give” a penny to banks over the past years, but merely engaged in ASSET PURCHASES and there is zero chance that central banks will “give” any “helicopter money” to anyone in the future.

  • socalbeachdude

    The concepts of FISCAL stimulus and MONETARY stimulus are entirely separate and distinct concepts. Monetary stimulus involves central banks while fiscal stimulus involves sovereign governments. Fiscal stimulus is all about government deficit spending and has been going on massively for the past 40+ years and that is why governments are now the most indebted in the history of the world and that simply cannot continue as financing for that will 1) dry up, and 2) become much more expensive in terms of interest rates.

  • Chuck

    This idea of helicopter money is not new. Back in 2008 a well known financial writer proposed to give people cash based on federal income payments for the last three years. He stipulated that at least 50% of it must go to debt payments such as mortgages. Good idea to me. Better than what they did.

    • socalbeachdude

      In the US, the only place any money “given” to anyone by the federal government would come from massive additional federal government borrowing through the issuance of new US Treasuries and the government already has more than $19 trillion outstanding of US Treasury debt which is OWED BY AND REPAYABLE BY THE CITIZENS of the US.

      • REALIST

        The Treasury can issue United States Notes.

      • backtothefuture

        Well instead of doubling our debt and increasing inflation since 2008 for the sake of military industrial complex,corporations and bankers. How about they should of given some of that money to us regular people. We could of lived better and opened up businesses as well.

        • socalbeachdude

          Nearly all of that money went to FEDERAL ENTITLEMENT SPENDING which comprises more than 63% of the federal budget. How are you not aware of that?

    • backtothefuture

      Exactly instead of giving people money they stole the money and gave it to the elite corporations,banks and military industrial complex.

  • McQ

    This will absolutely, positively never happen. Most people will use the money to pay down debt, further deflating the economy. In our system, loans and credit expand the economy. When you take out a loan, the bank does not give you it’s own money, it conjures money into existence out of thin air. (See fractional reserve banking). Therefore when the debt is paid off, that “money” then ceases to exist. This is Bizarro world.

    • REALIST

      It was never “money”. They issued you “credit”.

      • McQ

        “Credit” in the form of “dollars”. They are the same in our system. You have been mesmerized by their illusions.

  • Richard O. Mann

    Around and around we go. Down and down we go. Still waiting for the really bad black flag even to hit which will get everyone’s attention. More terrorist news today from Europe. Just more fun and games going on than you can keep up with at times.

  • Charles Catalano

    Yes, gasoline prices are down. However, I’m very skeptical about the claim of food prices being lower. In reality, from my experience they are, in general, *significantly* higher. I recall regularly buying a dozen eggs for $.99 cents 10 or so years ago, while today they’d cost $2.00+. What many food manufacturers have been doing is cutting the size/weight/volume of the product while raising prices. Also, I very rarely buy ANY fast-food but when I have the prices in recent months have been WAY, WAY higher than, say, a decade ago.

  • Christoph Weise

    Heli-Money is already there. Government sponsored loan programs, interest free loans, loans that are not to be paid back fully (educational loans), social transfer payments and so forth are either precursors to Heli-Money or HM themselves.

    • backtothefuture

      thats a small amount the big money goes to corporations and bankers and goverments. Us regular people get crap. And educational loans have to be paid back its super hard to get around it.

      • socalbeachdude

        All loans have to be paid back. Obviously. Including those to corporations and banks. Is that somehow breaking news to you?

  • carson

    but not physical cash of course since there’s a war on cash.
    the day comes when it’s..here take this here mark thingy and we’ll credit chits into your account…

    • socalbeachdude

      There is more cash in circulation than ever in the US.

  • George Washington

    I find this very weird, I keep defaulting on my credit cards on purpose. I max them out as soon as I get them and dont pay a cent. The weird thing is I keep getting new cards with higher balances. Is this a form of helicopter money? When I get a credit card, I am like hey free money. I am poor and dont ever plan on not being poor as dirt. I could care less about getting ahead, but they keep giving me credit cards and I keep maxing them out. I have no income so they have no recourse but they keep sending me cards to max out.

    • William Grave

      Typical white trash nazi

      • George Washington

        get off my nuts

      • George Washington

        I own my own home, my land, my cars and I have no bills but they can send me all the ILLEGAL credit cards they want.

        • William Grave

          Yea, typical white trash…the culture of poverty states that “you get yours no matter what the consequences”…keep it up white trash…your agenda of taking over the trailer park is truly magnificent.

          • George Washington

            what makes you think i am white? I am a jew like you.

          • William Grave

            *screenshot*

      • George Washington

        LOL jew, I drilled you in front every one and now you are in love. LOL

        • William Grave

          No, I am just making sure that those reading are able to make a full evaluation of you and your stance. I am being obviously successful at my task, but please, do make my job easier and easier, nazi trash.

          • George Washington

            Hey I am a vile jew just like you, quit calling me nazi trash. I am just telling the world about how we lied about the holohoax and how every jew male is a victim of the most obscene sexual abuse. About how every jew needs to pay for this lie. i believe no penalty is too severe for every jew living today.

  • Orac4Prez

    How is giving money to the people worse that giving it to corporations who use it to fix their books and pay for bonuses to the select few?

    If taxes were actually truly equitable then people could afford what they wanted and needed. Of course that wont happen as governments “ALWAYS KNOW BETTER” and spend on every whim they have. How else are the liberal causes going to be funded?

    So go out guys and earn some more TAXES for the government. They know what to do with it!

    • socalbeachdude

      No money was ever “given” to corporations at all.

      • backtothefuture

        lol banks and corporations got plenty of money under both parties. Its the people who were screwed. Stop sticking up for crooked corporation.

        • socalbeachdude

          NOBODY was “given” any free money by either the Federal Reserve or the US government at any time. Helllooooo?

  • Jerry C

    The fact that we’re going to a cashless society would explain why governments are printing money in the trillions. My concern is what happens to all that debt? A financial restart? TPTB will not collapse the system unless they have one to replace it; of course, they’d still be at the top of the food chain.

    • socalbeachdude

      All of the debt will, of course, have to be repaid or refinanced or in certain cases written down or off. Always remember that the flip side of debt is that it is an ASSET to its owners including pension funds, banks, insurance companies, hedge funds, mutual funds, etc. and any losses on that debt destroy assets.

  • dlewenz

    Food Inflation is real and my estimates put the increase of Dairy, Eggs, OJ, and produce up about 15% year over year. Pork and Chicken prices have maintained stability. Boneless Chicken Breast Hormone free last year 2.49 -$3.99 a pound, I paid $1.89 a pound yesterday. While Beef is up about 15% year over year, pork has not increased. Packaged food is up 20% which is not worth purchasing to begin with. And food companies across the board are reducing package sizes while increasing pricing.

    • socalbeachdude

      False. Food prices are now the lowest IN American history as a percentage of a family’s budget. Diary prices are PLUNGING and milk is $2.29 per gallon at Ralph’s here in Southern California. Boneless chick breasts are typically on sale of $1.79 to $1.99 per pound at most grocery stories and beef prices are plummeting.

  • backtothefuture

    This is a dumb article because helicopter money already happens for the banks and governments. It only does not happen for the people. Their already creating money out of thin air for the elite. Why not give it out to regular people instead.

    • socalbeachdude

      Absolutely false. There never was any “free money” for anyone at all. Where do you come up with such nonsense?

  • John Dolecek

    Hahahahah1!!!! “Capitalism” right?? ahahahaha

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