Thanks, Gil. We are hoping that people realize the most responsible approach is #HelicopterMoney, not the futility we see with QE.

I am not a fan of Larry Summers, Gary. I view him as a globalist mole. But, this collateral thing has some people at the top very concerned. I am thinking that ultimately, derivatives markets are gobbling up massive resources, ie collateral. I agree that deflation may end up being a problem, but the #Fed scares everyone about inflation so they buy, you guessed it, derivatives protection! I am a tin foil guy in the sense that I believe this framework of derivatives and its collateral is a conspiracy of sorts. It has been engineered into reality. But it could have weaknesses, mainly in the ability to supply enough collateral. That seems to be a potential weakness in an otherwise diabolically ingenious system, created mostly by Greenspan.

I don't believe that Gary. If we suddenly need less collateral (and less demand for bonds) in the derivatives world, then you may be right. I wish you would offer proof, because both Larry Summers and Jamie Dimon believe there is a shortage of collateral in the world.

That is why, to offset this obvious scheme, central banks must consider helicopter money to help the real economy and get rates to move a little higher.

The UK can buy American. I am sure the Eurozone must realize this. And Belgium is just another example of bad behavior towards the UK. It is empire like behavior and is rude and threatening. The UK was smart to get away from those oppressors.

The Fed can handle recession. It cannot handle white hot prosperity. It cannot raise rates to slow the train down because it would destroy the collateral.

This doesn't even take into account the massive demand for bonds as collateral in the derivatives markets. Because of the need for all this collateral, it cannot be allowed to decline in value. Therefore, growth must be slow to protect all the financial institutions committed to this collateral. It is such an exercise in madness that normal is now craziness. Any real growth would force central banks to undermine the collateral by raising rates and lowering price.

I totally agree that governments seem to want to finance themselves with bonds. I wrote about Draghi's possible plan, as nothing else makes sense: www.talkmarkets.com/.../draghi-and-germany-have-a-secret-plan-to-save-the-eurozone

Having said that, the Greatest Generation held Will Rogers and Franklin Roosevelt in high regard for standing up to, and teaching the people about, the untrustworthiness of banks. The Greatest Generation did not borrow very much, and that taught bankers a lesson on the need to behave, until the S & L crisis and the financial crisis of 2000. Millennials are the new "Greatest Generation" in one sense, that they don't borrow.

I realize it doesn't do great things for the GDP for people not to borrow, but the banks have only themselves to blame. Helicopter money, as defined by Eric Lonergan, is really the only way for the central bank to use base money to stimulate the economy since people don't seem to want to borrow. No debt for the government if done properly.

Just keep them out of earthquake country. China built a dam on an earthquake fault and that didn't work out very well. Japan built four nuke plants on a subduction zone. Yes, a subduction zone. That didn't work out so well either.

Gartman has friends in high places, or maybe they are in low places.