Archive for May, 2016

The extent of discussion around so called Helicopter Money is symptomatic of the wider issue that central bankers are truly at a loss around the issue of secular stagnation and the obsession to inject growth however possible.

Whilst the idea of money printing or quantitative easing is a reality for developed nations, no longer the preserve of failed states (or do we admit the first world is indeed a failed state?), the notion of money being made freely available to the pubic is still more fiction than fact.

However this article is worth a read, as it sets out how such a move could work and the considerations needed. I find it revealing in the workings of some aspects of monetary policy, however it does omit the amount of money creation performed by commercial banks, something which needs to be acknowledged on a wider scale

City AM – Helicopter Money

 

 

 

Please view this article on Central Banks’ attempts to harness aspects of Bitcoin’s technology for their own means of control

http://www.telegraph.co.uk/business/2016/05/03/central-banks-conspire-to-harvest-bitcoins-revolutionary-technol/

“Ironically, the technology that was meant to liberate money once and for all from the dead hand of the state may end up imprisoning it even further”

 

 

Jim Rickards shares his opinions on the current gold market activity in this article;

http://www.telegraph.co.uk/business/2016/04/17/gold-is-the-spectre-haunting-our-monetary-system1/

Some fascinating insights on the way Dollar wealth can be used for geo political means and how it is the currency denomination, rather than the commodity itself which can determine how effective it is from outside influence and control.