Debt Forgiveness “Helicopter Drop” the Next Step in Deflation Fighting?

(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

mishtalk.com / Mike “Mish” Shedlock / February 14, 2016 2:28:19

Reader Richard wonders if debt forgiveness is the next step in central bank efforts to fight deflation.

Richard picked up that idea after listening to an interview with Steven Major, Managing Director, Fixed Income Research at HSBC.

Richard writes:

Hello Mish,

Congratulations on the upgrade to WordPress.

I was listening to an interview Steven Major at HBSC. Major believes, without identifying the timing, that the next stage of unconventional monetary policy would include debt forgiveness. Major called it “helicopter money”.

I would love to see your thoughts about this.

Thanks,
Richard

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Thanks to BrotherJohnF

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