Pandemic Helicopter Money Exports Inflation
Fergus Hodgson, April 16, 2020
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Governments across the world are rolling out stimulus packages to businesses and households amid the containment measures to stem the COVID-19 pandemic.
For Daniel Lacalle, a PhD economist with the investment firm Tressis and a classical-liberal intellectual in Spain, the race toward global monetary expansion is futile and will only make citizens poorer.
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He argues the United States and the European Union are siphoning off savings from developing countries through the US dollar and the euro, thereby exporting inflation.
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Recommended Links
- Connect with Daniel on Twitter, Facebook, and LinkedIn.
- Check out his books: Escape from the Central Bank Trap, Life in the Financial Markets, and Freedom or Equality.
- “Massive Stimulus May Boost Inflation The Wrong Way: Stagflation,” Daniel Lacalle.
- “The Fed’s Balance Sheet: The Other Exponential Curve,” Visual Capitalist.
- “How Quantitative Easing Stimulates the Economy,” National Review.
If You Liked This Episode
- “How to Spot a Bubble,” Gold Newsletter Podcast.
- “Ron Paul: How the Fed, Deep State Destroy the Middle Class,” Gold Newsletter Podcast.
- “Fed Unwinding Means Imminent Recession,” Gold Newsletter Podcast.
- “Peter Schiff: The Fed Cannot Save Us,” Gold Newsletter Podcast.
Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.