In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- $180 Billion Per Month In Global Stimulus
- The world is awash in free money
- Is Helicopter Money For The Public Coming Soon?
- Quite possibly
- Rage Against The Status Quo Is Building
- It explains Trump, Brexit, Le Pen, and the rise of the anti-establishment
- Prepare For The Return Of Global Conflict
- Fracture lines are widening all across the world
This week Chris and John look at the record amounts of stimulus being pumped into the world financial system by the central banks: a mind-boggling $180 billion per month. Here were are, eight years of 'recovery' after the 2008 crisis, and we still need nearly a fifth of a trillion dollars each month to keep the world economy limping along.
Opining that history has shown it's just not possible to print your way to prosperity, John predicts the end results from this monetary misadventure will be quite disastrous:
That money has to go somewhere. The original theory was that the banks that are receiving this money from the central banks would turn around and lend it to people on Main Street; so you’d get new businesses starting and people borrowing money to buy stuff and houses being built. But it’s not really working out that way. Basically what’s happening is the money is coming from central banks, going to the big banks who then hand the money to their favored clients who are the rich guys, you know the 1%.