The below statement, although sounding like something you would
read on a conspiracy-themed blog, is not fiction, but reality. It was uttered
by an official - and not just any official. The below statement was uttered
by the Fed's Loretta Mester:
"Helicopter money could be considered to stimulate America's
economy if conventional monetary policy fails."
Mester is no small fish. She is the president of the Federal Reserve Bank
of Cleveland and the above statement, although sounding comical, is far from
it. In her recent press release, she stated that quantitative easing has been
doing wonders and has been working great for America and its people.
I ask her: what planet are you living on? The everyday man on the street
has been getting hosed since the 2008 economic crisis began. The stock market
may be at all-time highs, but the fact is, the average citizen has nothing to
do with this. Inflation is running out of control and average incomes are
plummeting. The rich, on the other hand, are accumulating wealth at a pace
never before seen in the history of this planet.
To make matters even worse, the Fed has fired all its shots and horribly
debased the U.S. dollar, printing fiat funny money at levels never before
seen. What good has it done, other than artificially propping up a highly
corrupt stock market? In my opinion and many others, it's done little to
nothing.
The world financial system is a breath away from utter and total anarchy.
A collapse could be just around the corner, and instability is running at
all-time highs. The EU is heading down the path of disintegration and for
good reason. The elites have overplayed their hand and the people are waking
up to the reality they now find themselves trapped in.
Yet, the Fed's Mester has the nerve to suggest that doing more of the same
insanity will solve our problems. As the press conference continued, she once
again stressed this point.
"So, it's my view that [helicopter money] would be sort of the
next step if we ever found ourselves in a situation where we wanted to be
more accommodative.
This strategy, which Japan is now seriously entertaining, would be the
death of the U.S. dollar and the beginning of complete and utter
hyperinflation. The elite will have warning way in advance of it occurring
and will move their wealth into hard assets, such as land and precious
metals, protecting themselves as the rest of the masses suffer in agony.
Even the fact that a Fed official can utter these statements and not be
booed off the stage shows you just how insane the times we now find ourselves
in are.
The only thing you can do is act in advance and prepare for the ultimate
collapse that we are undoubtedly going to face one day, before it is too
late. Gold and
silver are
already rocketing higher in price.
The alarm bells are ringing - can you hear them? I hope so.
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Nathan McDonald is a libertarian, entrepreneur and precious metals
enthusiast. He has always taken a keen interest in free markets and
economics since an early age, which naturally led him to become a true
believer in precious metals and all that they stand for.
Nathan served eight years in the Royal Canadian Navy as an
electronics technician, seeing the true state of the world, before starting
his first successful business. He has since gone on to create a number of
businesses, all of which are still in operation and growing.
In addition to this, Nathan runs a network of successful precious
metals blogs, and a growing newsletter that has attracted readers from all
around the world.
He is a regular and highlighted writer for the highly respected
Sprott Money Blog, which covers world events, geopolitics and of course
precious metals.
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The views and opinions expressed in this material are those of the author
as of the publication date, are subject to change and may not necessarily
reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the
accuracy, completeness, timeliness and reliability of the information or any
results from its use.
