To stimulate economy, Japan to give people UN-DEPOSITABLE money!!!

[ShootSpeeders]

This makes more sense than giving BANKERS trillions of dollars like moron obozo did, but it's still insanity.

Japan Goes Full Krugman: Plans Un-Depositable, Non-Cash “Gift-Certificate” Money Drop To Young People « InvestmentWatch

march 23 2016 Japanese are about to turn the Spinal Tap amplifier of extreme monetary experimentation to 11. Sankei reports, with no sourcing, that the Japanese government plans to unleash “vouchers” or “gift certificates” to low-income young people to stimulate the “conspicuous decline” in consumption among young people. The handouts may not be deposited, thus combining helicopter money (inflationary) and fully electronic currency (implicit capital controls and tracking of spending).

Since Ben Bernanke reminded the world of the existence of government printing-presses, echoed Milton Friedman’s “helicopter drop” solution to fighting deflation, and decried Japan for not being as insane as it could be… it has only been a matter of time before some global central bank decided that the dropping of cash onto the populace was the key to economic recovery. Having blown their wad on QQE (and been left with a quintuple-dip recession) and unleashed NIRP, it appears Japan has reached that limit.

This makes more sense than giving BANKERS trillions of dollars like moron obozo did, but it's still insanity.

 

[Toddsterpatriot]

Nobody gave anyone trillions of dollars.

 

[Zander]

In a world of negative interest rate bonds. quantitative easing, and massive governmental debt, this makes perfect sense.

Free money to "stimulate" the economy. What could go wrong?

 

[ShootSpeeders]

Nobody gave anyone trillions of dollars.

Your god obozo gave trillions to the bankers who control. him He admitted it. Read the papers.

 

[Toddsterpatriot]

Nobody gave anyone trillions of dollars.

Your god obozo gave trillions to the bankers who control. him He admitted it. Read the papers.

Obozo is an idiot and a failed president. Nobody gave trillions to the banks.
You're wrong.

 

[Borillar]

Actually, it was Bush that bailed out the banksters. Nice try though.

 

[Toddsterpatriot]

Actually, it was Bush that bailed out the banksters. Nice try though.

Yes, he saved the banking system. Thank goodness.

 

[ShootSpeeders]

Actually, it was Bush that bailed out the banksters. Nice try though.

Yes, he saved the banking system. Thank goodness.

The big banks are NOT banks. They are giant hedge funds that make money by controlling the stock and bond and currency markets. They should have been allowed to fail. THINK

 

[CrusaderFrank]

Helicopter money.

The final Act in the complete fail of Keynesian Economics

 

[Toddsterpatriot]

Actually, it was Bush that bailed out the banksters. Nice try though.

Yes, he saved the banking system. Thank goodness.

The big banks are NOT banks. They are giant hedge funds that make money by controlling the stock and bond and currency markets. They should have been allowed to fail. THINK

Yeah, I think your claim about gifts of trillions to banks is wrong. Really, incredibly wrong.
And nobody controls the stock, bond or currency markets. Sorry.

 

[Manonthestreet]

Actually the banks have been getting billions on a monthly basis...

 

[Toddsterpatriot]

Actually the banks have been getting billions on a monthly basis...

Don't leave us hanging, who is giving them these billions? Why?

 

[CrusaderFrank]

You'd think after two whole decades of total fail people would learn. The only conclusion is that negative interest is intended to crash the Japanese economy