FIRST MAJESTIC SILVER

Commented by Mario Hose on March 18th, 2020 | 11:11 CET

Barrick, First Majestic, Osino Resources, Scottie Resources - preparing for helicopter money

• Gold

In the 1960s, the Nobel Prize winner Milton Friedman, an influential economist in the USA, studied various models of monetary policy. One of the models of how the Federal Reserve can boost consumption and achieve its inflation targets while preventing deflation would be by issuing cash to the population on a one-time basis. In his example, Friedman describes that a helicopter would drop USD 1,000 banknotes over a community for consumption purposes. This model led to the term 'helicopter money'. After the reduction of interest rates and quantitative easing, the USA will soon provide its citizens with checks to keep the economy going. All drastic measures within a month.