The helicopter money begins

**vadhert** · 2 August 2016, 08:56

Japan is the future.

My metals seem to be doing ok.

**GB9** · 2 August 2016, 09:00

Interestingly, investment is being made in the ¥ which is ironic as the Japanese desperately want to devalue it.

£ devalues and some people whinge.

**LondonManc** · 2 August 2016, 09:56

Originally posted by DimPrawn View Post

In Japan as you might guess. This is where central bank policy is going after the negative interest rates run out of steam...

Japan cabinet approves $130 billion in fiscal steps as part of stimulus

So basically printing money and transfering it to benefits packages.

PC won't be able to get up from his desk after reading that.

**diseasex** · 2 August 2016, 10:00

Let's see how it plays out. If that works other countries will follow their steps to fight deflation

**DimPrawn** · 2 August 2016, 10:21

Originally posted by diseasex View Post

Let's see how it plays out. If that works other countries will follow their steps to fight deflation

The only deflation we face is wage deflation. The rest is fudged (e.g. rent and mortgage costs not factored into living costs).

**GB9** · 2 August 2016, 10:22

Originally posted by diseasex View Post

Let's see how it plays out. If that works other countries will follow their steps to fight deflation

So on one thread you say there is no attempt at devaluation and on another you say let's see how it goes. Make your mind up!

**Hobosapien** · 2 August 2016, 10:24

Maybe if this approach comes to the UK it will be in the form of that citizens income that is often talked about.

If this is means tested then it just demotivates more people to work for minimum wage.

The helicopter money begins