Zero Hedge: Helicopter money is here -- how the Fed monetized billions in debt sold just days earlier

Section:

8:20p ET Thursday, January 2, 2019

Dear Friend of GATA and Gold:

Zero Hedge shows tonight how the Federal Reserve is quickly monetizing debt recently issued by the Treasury Department, purchasing it from the Fed's primary dealers just days after they purchased it, paying the primary dealers a service fee to boot.

... Dispatch continues below ...



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Northstar Gold Closes Initial Public Offering
and Lists on Canadian Securities Exchange

Company Announcement
Wednesday, December 31, 2019

NEW LISKEARD, Ontario, Canada -- Northstar Gold Corp. (CSE: NSG) announces that it has completed its initial public offering of 9,985,498 common shares at the price of C$0.30 per common share for gross proceeds of C$2,995,649. The corporation will be listed as a natural resource company on the Canadian Securities Exchange (CSE) and the common shares are expected to commence trading on January 2, 2020 under the trading symbol NSG.

Haywood Securities Inc. and Canaccord Genuity Corp. acted as co-lead agents and joint bookrunners under the offering. For their services, the co-lead agents received a cash commission equal to 10% of the gross proceeds of the offering and 998,549 common shares reserved for issuance upon exercise of the common share purchase warrants granted to the co-lead agents upon completion of the offering. The agents' warrants are exercisable at a price of $0.30 per common share within two years.

The corporation intends to use the net proceeds from the offering to complete Phase I of the work program recommended in the technical report dated December 10, 2018, entitled "Independent Technical Report on the Miller Gold Project, Kirkland Lake, Ontario." ...

... For the remainder of the announcement:

https://www.northstargoldmining.com/pdf/2019-12-31-nsg-nr.pdf



So "helicopter money" and Modern Monetary Theory, Zero Hedge notes, are in effect already. But they can't succeed without aggressive suppression of commodity prices. Otherwise the currency is destroyed as inflation becomes visible in more than financial asset prices:

http://www.gata.org/node/19556

Zero Hedge's report is headlined "Helicopter Money Is Here: How the Fed Monetized Billions In Debt Sold Just Days Earlier" and it's posted here:

https://www.zerohedge.com/markets/helicopter-money-here-how-fed-monetize...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


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