The next downturn could see a ‘radicalization’ of the policies used during the financial crisis

CNBC/Jeff Cox

“Essentially, the view is that next time around policymakers will go even further. That means the use of ‘Modern Monetary Theory’ — in which even more government debt is used to spur growth — along with negative interest rates and the possible step of distributing ‘helicopter money’ or direct cash from central banks like the Federal Reserve.”

USAGOLD note:  We’re not making this up, folks.  And a large number believe that there is nothing wrong with the mad-hatter policy alternatives just listed. If you do not believe that a gold hedge might be the personal policy position of the future, than perhaps you aren’t paying attention.  In a recent Gallup poll, 43% said they believe socialism would be a good thing for America.

Repost from 5-28-2019

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