Topic: $6,000,000,000,000 of helicopter money is coming - page 2. (Read 836 times)
Hahaha. Indeed why? Can't the State start leaving everyone alone, print another trillion dollars, and bail themselves out?
Bitcoin will be on 6 digits by that time.
I didn't see the rest, or maybe I did but I don't care. In the end governments will do whatever they want to do, but with bitcoins it's not the case they don't have control. For bitcoin to be on 6 digits we need people, people from the entire world to join, and after that governments will not have a way out.
In my opinion this will happen, just don't know when. This pandemic will speed things up, many people are disappointed, and they don't wish to obey this crazy rules anymore. And it's getting crazier and crazier, control is harder every year. Imaginary wars on drugs, terrorism and now invisible virus enemies, we got to ask a question are the aliens the next threat?
In some moments I don't know where this system is going and what we can expect next, I hope we will see some changes soon!
Today it´s more like : Servers go bsss - They can "print" out the account statement later
The thing is, this manipulation of the global economy will only help temporarily and it is doing more harm than good. A lot of people receiving these is bailouts does not see the danger, because they are just too happy to receive that money.
The only people that are smiling from ear to ear is the politicians, because this is going to send out a message that the current government will always be there to bail out people when the economy struggles.
This is just a bandage on a massive life threatening wound for the global economy. This will also have negative influences for Bitcoin in the long run. (When there are a global economic collapse, people will liquidate their investments in Crypto currencies)
The only people that are smiling from ear to ear is the politicians, because this is going to send out a message that the current government will always be there to bail out people when the economy struggles.
This is just a bandage on a massive life threatening wound for the global economy. This will also have negative influences for Bitcoin in the long run. (When there are a global economic collapse, people will liquidate their investments in Crypto currencies)
Educate the masses where they should be HODLING their money, not in a savings account, BITCOIN.
No matter how much you try to talk about this, people who don’t want to learn still won’t learn. That’s why I stopped bothering telling people about Bitcoin. You will tell them and they will still tell you that it’s a scam or that it is volatile. BTC is already popular and I believe that a lot of people around the world, especially the netizens knows about Bitcoin.So, if they have chosen to pretend that they know nothing about it, while they do, then it’s their choice and I don’t really care about that. I also do understand that for some, it’s just that there is no finance to invest in bitcoin.
So, the money that they got from government is just for the show.
The helicopter money isn't just for those huge companies that you're mentioning. AFAIK, most of it goes to the needy and I don't have an update if it the distribution was a success. Whether there will be these beneficiaries that you're mentioning, still it's going to affect most of them.The long term is what they should look and prepare for instead of those temporary solutions that this money will do.
It really makes no sense to print money to keep going when you do not use that money to keep going. If you print money to save a company from bankruptcy to save the nation's economy but that money goes to extra bonuses for the CEO and a private jet for the company, how the hell do you really think that helps the world? You know why they are printing money?
To say the world the company will not bankrupt and that's it, they do not really "need" the money, the only reason why they are bankrupting is people selling the stocks of that company with a fear of bankruptcy, well if you actually do end up selling of course that company gets closer to closing, but when government prints money and gives it to them, people think they won't bankrupt and start buying the stocks back and company doesn't bankrupt.
Company itself was never in trouble, it was always doing the same thing and continues to do the same thing, it was the investors who almost bankrupted it and it was investors who saved it as well. So, the money that they got from government is just for the show.
To say the world the company will not bankrupt and that's it, they do not really "need" the money, the only reason why they are bankrupting is people selling the stocks of that company with a fear of bankruptcy, well if you actually do end up selling of course that company gets closer to closing, but when government prints money and gives it to them, people think they won't bankrupt and start buying the stocks back and company doesn't bankrupt.
Company itself was never in trouble, it was always doing the same thing and continues to do the same thing, it was the investors who almost bankrupted it and it was investors who saved it as well. So, the money that they got from government is just for the show.
This WON'T end well for the U.S. economy in 10 years. Bitcoin will be on 6 digits by that time. Educate the masses where they should be HODLING their money, not in a savings account, BITCOIN.
https://brrr.money
I wonder do they have sufficient ink to print this kind of money? I mean business are closed but the paper and ink has to come from somewhere, right? Or is it possible that this is just an excuse? Everything was prepared due the bad Trump politics and now they just hit Ctrl+P keys.
I believe they already have contractors supplying the special ink, and paper for the bills/notes.
I saw this on Twitter.
The "printing machine goes BRRRRR" meme was created during Abraham Lincoln's time? Haha.
This WON'T end well for the U.S. economy in 10 years. Bitcoin will be on 6 digits by that time. Educate the masses where they should be HODLING their money, not in a savings account, BITCOIN.
https://brrr.money
The potential backlash to the US economy will be terrible. If they don't provide help to the citizens - they will be forced to go out to work, to pay their rent just to keep a roof on top of their heads.
From that standpoint, it's good. But from a longer-term standpoint, where would it take the economy? It WILL cause a worse economic crisis in 10 years, than taking the crisis/depression today.
The potential backlash to the US economy will be terrible. If they don't provide help to the citizens - they will be forced to go out to work, to pay their rent just to keep a roof on top of their heads.
BUT, it would be good for Bitcoin.
This kind of makes me wonder how many people are going to be buying bitcoin with their stimulus checks. My guess is that it'll probably be good for the stock market, and I'm betting that's what the government was aiming for with all this magic cash they're sending out.
That's true. Some will be left behind, but I hope they don't buy, and HODL during FOMO.
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Ugh. Somebody's going to be paying for all this generosity in the years to come. I think whoever is in charge over at the Fed and in the White House are drunk out of their minds. They think they can just keep conjuring money out of thin air with no consequences--and while I'm sure all the plebians are planning how to spend their checks, I'm worried about when the house of cards is going to collapse.
The tax-payers always pay for it. That's why Bitcoin-education is very important. It's an opportunity to opt-out from a system that over-inflates its currency.
The thing is USA has always printed money but for some reason their money always kept being a valuable product. If another nation that is not really that powerful printed anything even remotely that high, we would have seen inflation at the Zimbabwe levels, no country should be allowed to print 6 trillion dollars, yet for some reason watch USA do it and not get a record breaking inflation because of it.
I don't get it, how do they not get screwed because of it? How are they keeping the world on their toes about american dollar still being valuable? Is it the military power they have that threatens other nations? Is it the products and fear of embargo? What makes american dollar so valuable compared to other currencies in fiat world when dollar keeps getting printed constantly?
There are many reasons for this, one of the most obvious is that the US dollar is still the reserve currency of the world, they can print a lot of money and a significant amount of that money is stored by other governments in the form of reserves which do not hit the market, and the other countries cannot stop accepting those dollars otherwise what their reserves can buy could diminish significantly, as you can see they are trapped and the US knows it, however there have been some signs during the last years that seem to support the hypothesis this is not going to last for long as other powerful countries are looking for a way out of this system that is so advantageous to the US.I don't get it, how do they not get screwed because of it? How are they keeping the world on their toes about american dollar still being valuable? Is it the military power they have that threatens other nations? Is it the products and fear of embargo? What makes american dollar so valuable compared to other currencies in fiat world when dollar keeps getting printed constantly?
Agree! Possibly, countries that do business with the US. They may be affected by the result of their economy. The economic recession will be strongly reflected in the American continent. I wish that Covid19 will be controlled soon because while it is with us the damage will be greater.
As for Bitcoin and gold, I also think that they are the best options to resist the crisis and create other opportunities.
As for Bitcoin and gold, I also think that they are the best options to resist the crisis and create other opportunities.
ECB is European Central Bank https://en.wikipedia.org/wiki/European_Central_Bank
Nice music. I think that you may have taken into account only US dollar/US printing machine.
Don't forget about ECB and many national banks doing the same.
I am not familiarised with financial ters so could you help me by telling me ECB stand for? I'm just curious, 10q. Don't forget about ECB and many national banks doing the same.
Although I have been in cryptocurrencies since 2013, but I would not invest absolutely everything in them. And personally, I don’t see why bitcoin could grow over 100,000 dollars per unit in the next 5 years. Unless a new bubble is inflated.
It was 500 billion last week.
Today I read its going to be 2 trillion.
Now this thread says it will be 6 trillion.
If they keep at that pace, McAfee prediction will hit.
Today I read its going to be 2 trillion.
Now this thread says it will be 6 trillion.
If they keep at that pace, McAfee prediction will hit.
The thing is USA has always printed money but for some reason their money always kept being a valuable product. If another nation that is not really that powerful printed anything even remotely that high, we would have seen inflation at the Zimbabwe levels, no country should be allowed to print 6 trillion dollars, yet for some reason watch USA do it and not get a record breaking inflation because of it.
I don't get it, how do they not get screwed because of it? How are they keeping the world on their toes about american dollar still being valuable? Is it the military power they have that threatens other nations? Is it the products and fear of embargo? What makes american dollar so valuable compared to other currencies in fiat world when dollar keeps getting printed constantly?
There are many reasons for this, one of the most obvious is that the US dollar is still the reserve currency of the world, they can print a lot of money and a significant amount of that money is stored by other governments in the form of reserves which do not hit the market, and the other countries cannot stop accepting those dollars otherwise what their reserves can buy could diminish significantly, as you can see they are trapped and the US knows it, however there have been some signs during the last years that seem to support the hypothesis this is not going to last for long as other powerful countries are looking for a way out of this system that is so advantageous to the US. I don't get it, how do they not get screwed because of it? How are they keeping the world on their toes about american dollar still being valuable? Is it the military power they have that threatens other nations? Is it the products and fear of embargo? What makes american dollar so valuable compared to other currencies in fiat world when dollar keeps getting printed constantly?
The stock market likes the bailout promises. A lot of the Dow and S&P 500 companies dumping through the ground a week ago will get some of that sweet helicopter money. And they'll be getting a whole lot more than $1,200. 
Given how fragile the economy is, are they? This isn't quite like 2008 where the government was bailing out banks for terrible gambles. Most sectors in the economy are collapsing (at least temporarily) and are begging for a handout.
Given how fragile the economy is, are they? This isn't quite like 2008 where the government was bailing out banks for terrible gambles. Most sectors in the economy are collapsing (at least temporarily) and are begging for a handout.
This is like a recurring incident in 1930 and 2008 with the title "too big to fail".
In 2008, large companies on Wall Street collapsed due to their own greed and cunning in doing business. The company elite still profit and live luxuriously. Only small employees who are lost are lost. The US administration, on the advice of its economists, decided to disburse hundreds of billions of dollars to cover the losses of these companies. Even though the real victims are the US people (they work hard to earn money and then pay taxes, that tax money is used to bail out Wall Street, subsidies and social welfare facilities of the US people are cut, because the money runs out to protect the capitalists from losses).
In terms of justice, this bailout policy is truly absurd: how is it possible, there are business people who go bankrupt due to their own mistakes, then the people who are told to bail out? But this is capitalism. Their logic: if the businessman is destroyed, the people will also suffer the consequences because the economy stagnates.
Among the companies on Wall Street that received US government bailouts were Citigroup, American Internation Group (AIG), Bank of America, Merril Lynch, Goldman Sachs, JP Morgan, Fannie Mae, Freddie Mac, etc. And you know, most of these companies are donors to Obama's campaign funds! It's 'natural' if Obama submits to the capitalists.
In 2011 there was a big wave of demonstrations "Occupy Wall Street" which was a counter-hegemony against capitalists. This year, it seems that the Trump government has strong legitimacy to bail out with the outbreak of corona in America.
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