#federalreserve #benbernanke #qe #moneyprinting #inflation #monetarypolicy #stimulus #hyperinflation #gold #silver #fiatcurrency #helicopterspeech #deflation
Today I will briefly look at Ben Bernanke's famous "Helicopter Speech" back in 2002 and how the idea of giving free cash to people is actually becoming a reality.
I will be talking about how one of my viewers from Hong Kong just received HK$10k from the government and what he plans to do with it.
My conclusion is that this policy of giving people fiat currency created out of thin air will have a big psychological effect on existing or long time savers of fiat or national currencies.
Bernanke's 2002 speech transcript: https://www.federalreserve.gov/boarddocs/speeches/2002/20021121/
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