Wednesday, June 01, 2016

Richard Russell*'s (1924-2015) Vision:
QE4, Heliocopter Money, Fiscal Stimulus
"I’ve said all along that the Fed will not tolerate deflation, and that it will do whatever it takes to keep the U.S. economy from deflating. On this basis I do not expect the Fed to raise rates this year or next, and it would not surprise me to see the Fed bring in QE4 or something like it. In its effort to ward off deflation, I expect one of the following to occur: the government will announce make work programs as per the 1930s, where millions of men were put to work under the auspices of government programs to build post offices and freeways and bridges as they sought to build America’s infrastructure. The second program I expect is an all-out multi-trillion dollar program to build up America’s military, including its Navy and Air Force. The Great Depression of the 1930s ended with the Lend Lease Program and the military buildup prior to World War II."
link here to the reference

1 comment:

Anonymous said...

When a mafia expert tells us Britain is the most corrupt country in the world, it's time to start listening In London, the financial mafia don't take out death warrants on truth tellers, but powerful financial firms will destroy the lives and reputations of whistleblowers. Newsnight found they have a 100 per cent success rate

Mafia expert Roberto Saviano was right this week when he said that it’s Britain, rather than Afghanistan, the South of Italy or Nigeria, which is the most corrupt country in the world. The fact of the matter is that the British public think they are detached from the mafia problem and corruption, yet London is the drug money laundering capital of the world, and 90 per cent of drug cash ends up in the US and Europe via London.

In London, the financial mafia don't take out death warrants on truth tellers, but powerful financial firms will destroy the lives and reputations of whistleblowers without a moment’s hesitation, ensuring they never work in the financial services sector again.

Many of the criminal corporate activities within the City of London which have dominated the headlines over the past decade are not classified as corruption by Transparency International.

Instead, the media and financial regulators refer to these institutionalised corporate crimes as "inappropriate conduct" or “mis-selling”.


http://www.independent.co.uk/voices/when-a-mafia-expert-tells-us-britain-is-the-most-corrupt-country-in-the-world-its-time-to-start-a7057686.html