Helicopter Money Will Ignite A “Bonfire Of Our Remaining Liberties”

Submitted by Sean Corrigan via TrueSinews.com,
I was recently flattered to be asked how I envisaged the dreaded ‘helicopter money’ working if it were not to simply add further to commercial banks’ already crippling mass of deadweight liabilities and assets, given that not only would printing it up in physical form be tortuous but that cash itself is only one conveniently heinous crime away from being proscribed altogether.
The first possibility is that the central bank issues requisition vouchers – i.e., it credits the Treasury in a dedicated internal account – and the happy recipients of Leviathan’s outlays get direct access there, too, to funds which are also, of course, legal tender for the whole bestiary of its taxes, licences, levies, and fines.
Effectively, the CB would set up some kind of separate giro bank in parallel with commercial bank system so that which ‘droppeth as the gentle rain from heaven’ would all be ‘outside’ money, i.e., M0, just as is today’s wickedly untraceable cash. In fact, this latter, allegedly criminal medium could – in the Bitcoin-Rogoff dystopia into which it seems we peons must soon be driven – easily be merged into it, then quietly abolished by not being re-issued in physical form, once paid in.

This post was published at Zero Hedge on Sep 30, 2016.