Algeria Launches HELICOPTER MONEY As Economy Crumbles!
In this video, I talk with author and economic analyst John Sneisen regarding the recent development out of Algeria as the country issues helicopter money.
Algeria's economy has been weakening due to low oil revenue and a massive budget crisis, so the government has decided to borrow directly from the central bank while avoiding international debt markets which is an odd differentiation from most countries where helicopter money targets banks instead.
Well Ben Bernanke would be proud!
Algeria, an OPEC member has seen its government debt to GDP go from 8.8% in 2015 to 20.4% when last officially noted in 2016. Their current account to GDP is at about 13.5% when last officially noted in 2016.
As John Sneisen notes, it's likely that Algeria is heading towards a hyperinflation scenario and we could very likely see even more collaboration from the IMF which of course will result in more debt and more global subservience.
See the FULL video report here:
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Thanks!
Btw. last week I read this great article about it:
https://srsroccoreport.com/the-low-oil-price-guts-another-opec-oil-exporter/
Awesome! Thanks for the link!
I don't know if you're familiair with the content of Steve from SRSroccoreport?
But I think it would be a great addition to do an interview with for your WAM-show!
I read his content for about a 1,5 year now and I cant find this stuff anywhere else on the web and i'm positive it would benifit you both and your following!
Awesome
thank you for sharing valuable information.