What are they doing down there in Georgia?

Everyone fears inflation, but the Fed is predisposed to deflation. If they bump up against their targets while GDP tanks, they actually are not doing enough. I like real helicopter money for getting us off the mat. Monitoring NGDP is a leading indicator.

The stimulus checks were a drop in the bucket. You cannot compare them to serious helicopter money, Bruce. And it almost seems as though you are saying rich folks spend their money on more important things than the average guy. Perhaps the average guy should understand that view more clearly, so he can quit trusting rich people.

The difference between the government sending checks and the Fed sending the checks is that it would be an admission that the Fed bailed out everyone except main street. It would show the nation that the Fed was trying to be fair. But then, that wouldn't be how bankers generally operate, now is it?

Not sure there is a bubble in bonds when demand for bonds as collateral is rising. But certainly, real estate is prone to speculation, and it is likely bubbling up.

Well, this is a hell of a lot better than mark to market and failure of our Fed to buy commercial paper as the housing sector was imploding. We need to think outside the box. The Rothschild central banks seem to have the USA boxed in, pun intended.

But if people would listen to this view by Adair Turner, perhaps the pension funds would fix themselves: www.imf.org/.../adair.pdf

So, the central bankers in China have half a brain. They pump the economy, but then flush out speculation, then pump it again. In the US speculators can reign for years, then they flush the little guy who tags along.

If you make enough people rich, the governments can be funded by negative interest rates on bonds! Keep in mind the difference between negative rates on bonds and negative IOR, a stimulus.

This is absolutely why real helicopter money is the only answer. Real helicopter money is debt free, at least until prosperity is achieved. Then government could help the central bank. But for now, the central bank needs to help the government and the people, as debt creation is not getting the job done. If Faber's chart is right, the Fed needs to do this now, not later: www.talkmarkets.com/.../responsibly-expand-the-monetary-base-before-it-is-too-late

People are not even surprised anymore.