Did the CFR Just Tell us About the RV?
Posted on Saturday, August 30, 2014 by Light Worker 29501In today’s Email update, David Stockman criticizes the Foreign Affairs publication of the Council on Foreign Relations (CFR). A recent article titled, “Print Less but Transfer More: Why Central Banks Should Give Money Directly to the People,” states the following:
On the surface, it does seem absurd, but what if the “helicopter drops” are the prosperity packages (PPs) and the global currency reset/revaluation (GCR/RV)?“It’s well past time, then, for U.S. policymakers — as well as their counterparts in other developed countries — to consider a version of Friedman’s helicopter drops. In the short term, such cash transfers could jump-start the economy. Over the long term, they could reduce dependence on the banking system for growth and reverse the trend of rising inequality. The transfers wouldn’t cause damaging inflation, and few doubt that they would work. The only real question is why no government has tried them.”
Thoughts?
-LW
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