DTube - Algeria Launches HELICOPTER MONEY As Economy Crumbles!
One of my more recent reports!
See the original article below:
Josh Sigurdson talks with author and economic analyst John Sneisen regarding the recent development out of Algeria as the country issues helicopter money.
Algeria's economy has been weakening due to low oil revenue and a massive budget crisis, so the government has decided to borrow directly from the central bank while avoiding international debt markets which is an odd differentiation from most countries where helicopter money targets banks instead.
Well Ben Bernanke would be proud!
Algeria, an OPEC member has seen its government debt to GDP go from 8.8% in 2015 to 20.4% when last officially noted in 2016. Their current account to GDP is at about 13.5% when last officially noted in 2016.
As John Sneisen notes, it's likely that Algeria is heading towards a hyperinflation scenario and we could very likely see even more collaboration from the IMF which of course will result in more debt and more global subservience.
Stay tuned as we continue to cover this issue! Don't forget to Upvote & Follow!
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Yo ,
Thanks for the great content
Sad to watch, but hopefully, some people will be able to pocket some items to prepare for economic collapse out there.
At least we can point this situation out to people why helicopter money won't work when this fails.
Yeah, I guess that's the only good side, but unfortunately, no matter how many times history repeats, people still forget and repeat once more.
Fair enough, but I think it's safe to say, more people are waking up to the way this Keynesian nonsense doesn't work.
Hey videos are not loading at all for me, not sure to blame Safari but it pretty sucks. Good job on the description though, that triggered my attention. Good work :)
It's just universal basic income. All the trendy countries around the world are doing it :)
had no idea about algeria... so much bad shit going on in world, oligarchs suck up assets and flush the poor