Duff & Phelps

I expect more helicopter money!

Under todays monetary system there is basically only one realistic choice, increase the money supply one way or the other. Todays monetary system (without a dramatic reform) can only survive if the money supply keep increasing over time.

“Danger Lies not in Gold but in Loans” Albert Einstein, February 1948, Atomic Scientist, Vol 4. No 2.

And in the same issue of Atomic Scientist, Albert wrote:

"It is, indeed, difficult to imagine how these loans will ever be repaid. For all practical purposes, therefore these loans must be considered gifts which may be used as weapons in the arena of power politics..... We all know that power politics, sooner or later, necessarily leads to war......"

Loans has in the ongoing loan-crisis already lead friendly neighbor countries to use anti-terror laws against each other.

Realistic and relativistic speaking, todays big loans can only be paid off by even bigger loans (or defaulting)! Everything is not relative, but yes loans under a fractional fiat money system are relative. Big loans in any other currency than your own is at least not wise!