It’s Official: The “Helicopter Money” Calls Have Begun

• For the record: I do not believe this will happen. Yellen’s objective is to protect the western global monetary hegemony. I don’t think the FedRes gives a damn shit about the US economy. Just look at the constant lying, propaganda, BS statistics … about economic recovery. An interest rate hike will strengthen the dollar ie. protect it as global reserve currency.
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• It’s Official: The “Helicopter Money” Calls Have Begun
  by Tyler Durden, www.zerohedge.com  
  … Sure enough, the semi-official helicopter cash drop call is here via Bloomberg View’s Clive Crook. Abandon all sound money faith ye who read on: 
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  But QE isn’t unconventional any longer. It mostly worked, the evidence suggests. The world avoided another Great Depression. Yet even in the U.S., this is a seriously sub-par recovery; growth in Europe and Japan has been worse still. Now imagine a big new financial shock. It’s quite possible that all three economies would fall back into recession. What then?
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  We don’t like where this is going already, please don’t tell us more… 
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  Sooner rather than later, attention therefore needs to turn to a new kind of unconventional monetary policy: helicopter money… The idea is far from crazy. Lately, more economists have been advocating it, and they’re right.
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  The logic is simple. If central banks need to expand demand — and interest rates can’t be cut any further — let them send a check to every citizen. Much of this money would be spent, boosting demand just as Friedman said. Nobody, so far as I’m aware, is arguing that it wouldn’t be effective. What, then, is the objection?
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  read more.

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