Janus’s Bill Gross: ‘Helicopter money’ is coming in a year or so

Manna from “heaven.” What could be better? Hurrah! Free money!

Consider that during Obama’s recent and brief economic legacy tour he was making the case that everything was great. Meanwhile Bill Gross, the legendary bond manager, is talking about dropping cash from the sky. This ain’t good. Gross knows that helicopter money is unwise yet he’s still somewhat advocating for it.

Yeah, things are peachy.

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‘Our economic system is designed to fail’ – Ron Paul

Indeed it is. Central planning always fails and make no mistake in many ways our economic system is “planned.” Not in the sense that it was planned in the Soviet Union but planned and controlled by the Federal Reserve through the manipulation of interest rates. The Fed creates malinvestment by trying to juice the economy. People over invest with cheap credit on office buildings, homes, cars, infrastructure projects and so on. Then when the reality of the economy hits this juiced economic situation failure occurs broadly.

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Buffett says if the government did THIS the Dow could hit 100K

Savers, you can forget about opting out of the stock market. If you want any kind of return you will get in the market and you will like it. So what if artificially repressed rates are crushing you? So what? Do you think you matter? Most of you savers will be dead soon anyway. You and your bank CDs. How quaint. Now pony up and buy some more stock grandma. Oh I’m sorry? You think there’s too much risk in the market?

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How Does the World Fight Legal (as Well as Illegal) Corruption?

Some good ideas here. Some significant points of disagreement (the media is all too often not on the good guy side, it’s not just “state capture” it is capture of industry by the state too), but generally a good piece.

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Government wastes your time and money with its paperwork and red tape (But what are you going to do about it?)

Government is massive. It is inefficient. It is wasteful. It bullies. It over regulates. It hinders commerce. It is the fundamental component of crony capitalism. Crony capitalism can not happen without government. The bigger the government the more crony.

Laws should be simple and straightforward. They should be few. They should be transparent.

To the degree that laws are not simple and straightforward, to the degree that they are many and not few, to the degree that laws are not transparent,

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Some CEOs don’t like that cronyism is increasingly under the microscope

“The precipitousness of the political debate is a little scary right now,” said Jim McNerney, who served as chief executive of Boeing Co. until last year and as chairman until February, at a recent industry conference.

“Anti-business” and “anti-market” are 2 very different things.

Many feel frustrated these days. There is the sense that there is an agenda and that everyday people are not part of that agenda.

Many people have been under considerable economic pressure since the Crash in 2008,

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Enemy of the banks Andrew Jackson gone from the $20 bill, Replaced by Harriet Tubman, Friend of the banks Hamiliton remains on the $10 bill

We think Harriet Tubman isn’t such a bad choice. However, removing Andrew Jackson from the currency is a shame. He killed the first central bank of the United States, The Bank of the United States, and that is something for which every American should be grateful. He is in addition the only president who with the help of allies paid off the national debt.

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China Vice Finance Minister: Mainland eyes boost from ‘superpower’ Federal Reserve

China continues to shudder and it appears to be increasingly fearful. With the Saudis rattling their debt sabers, Europe looking at another summer of crisis (of various kinds), and just a general sense of instability in world economy and geopolitics, China hopes that the Fed will take the Red Dragon “into consideration.”

There is no doubt that China will be and is considered as Minister Zhu knows very well.

I’d love to know what the minister knows about the real Chinese economy.

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Bernanke’s New Helicopter Money Plan——Sheer Destructive Lunacy

Uh oh. Here comes the Federal Reserve to “save” us.

(From David Stockman’s Contra Corner)

If you don’t think the current central bank driven economic and financial bubble is going to end badly, recall a crucial historical fact. To wit, the worldwide race of central banks to the zero bound and NIRP and their $10 trillion bond-buying spree during the last seven years was the brain child of Ben S Bernanke.

He’s the one who falsely insisted that Great Depression 2.0 was just around the corner in September 2008.

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Ignorance reigns on Twitter yesterday, #Resistcapitalism trends, Cluelessness abounds

If you are “resisting capitalism” you are “resisting human progress.” You are resisting the voluntary exchange of goods and services. You are resisting opportunity for people to make a better life for themselves through hard work. You are trading that opportunity for a system which rewards the uncreative and unambitious. (And perhaps you understand this.) You are fundamentally resisting FREEDOM and LIBERTY, because “economic liberty,” the right to do what you want with that which you own, is not separate from social FREEDOM and LIBERTY.

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How are millions still underwater as home prices rise? (Thank the Federal Reserve)

During the Crash the Fed should have let things fall. It would have been painful. Very painful for some. But the market would have cleared. Some people would have picked up deals and many people would be in houses now, even many who would have hurt in 2008/2009, with positive equity.

Instead the Fed intervened and tried to put a bottom under house prices. As such we have the situation we have now. Millions of homeowners still underwater and a much less mobile workforce.

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