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Topic: Are central banks losing control? - page 2. (Read 2612 times)

hero member
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March 15, 2017, 03:22:27 PM
#37
I don't think they are losing control but they will have to change their behaviour and their rules. Cryptocurrencies, especialy Bitcoin has become inevitable part of finances and they can't ignore the fact that people are using it and that financial world is changing. So, the sooner they embrace that changes, the better for them.
But this is precisely the mistake they are doing, they think they make the rules but they don’t, bitcoin has showed to them that the people can make and change the rules themselves, that is why bitcoin is such a threat to them because they no longer have the control they thought they had over the economy.
hero member
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March 14, 2017, 06:46:25 PM
#36
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.

Are central banks losing control?

Probably they are now and the lending system of each banks needed to be moderated by them or else worst situation will come again. Debt will always lose them in control. But I guess they know the risk and they are already doing something for the amount that they need to cope up.
newbie
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March 14, 2017, 06:36:53 PM
#35
Yea they are loosing control and that can be good because we will not need so much banks anymore I really hate banks because they just want take our money with any way which they know.
hero member
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March 14, 2017, 06:32:55 PM
#34
Bitcoin appeared exactly in the year of the world's financial crisis and I am sure it appeared exactly with the target to skip the banking system and government's control. With bitcoin you are your own banker and i think bitcoin's spreading over the world makes banks to loose control.
i do not think that it is so easy, to me i think every government have full control over their fiat currency and currently bitcoin or any other fiat currency is not creating any problem for fiat currency anywhere.
legendary
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March 14, 2017, 05:37:45 PM
#33
I don't think they are losing control but they will have to change their behaviour and their rules. Cryptocurrencies, especialy Bitcoin has become inevitable part of finances and they can't ignore the fact that people are using it and that financial world is changing. So, the sooner they embrace that changes, the better for them.
hero member
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Merit: 794
I am terrible at Fantasy Football!!!
March 14, 2017, 04:19:35 PM
#32
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.

Are central banks losing control?

The central banks are not losing control but in fact has complete and absolute control. Those injection in billions of amount in US dollars monthly are not caused by them having no control over the system but the other way. The reason for injections is that the central banks have a complete control and well aware of the situation, they know what they are doing and possibly have a reason why they are doing it.
Central bank are a government agency to take care of financial system of a country and this world runs every government, thus I don't see in the future that we can fully get the freedom that we are looking, the government will not allow that as long as they have the power to create laws.
With their power, they can reject things that is not in favor for their agenda and worst thing is to make it illegal.

Yes, you are right - central banks are a tool for manipulating people. And this tool is in the hands of the government. And it is only interested in having full control over the citizens. Therefore, I am confident that central banks will never lose control

I agree with you as the central banks are just like soldiers who are dictated by the government to suck the money out of people and hence central bank will never ever lose control and they have authority to make illegal as legal and legal as illegal in simple words they can mould the law as per their convenient to rule with iron fist. Some are even planning to tern bitcoin as illegal but now it is not possible
It is the other way around governments are slaves to the bankers, bankers are the ones that tell the government how they will  like to shape the laws to their convenience, if governments make bitcoin illegal, make no mistake it will be because the bankers want it that way.
hero member
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March 12, 2017, 03:10:39 PM
#31
I don't think they are losing controle.
In case of emergency they print some fresh money and pump it into the market.
In case of real emergency they even help one another because in the end they are all depending on each other.
Central banks are in the game now for a very long time.
Maybe one day a scenario will occure they can not handle. But right now we are not in it.
full member
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March 12, 2017, 03:05:30 PM
#30
I do not think that central government banks will ever lose control. They control the circulation of the national currency in the country. And the government will never take this function from them
hero member
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March 12, 2017, 02:12:36 PM
#29
I don't see these banks losing control anytime soon. After all, this is an arm of the government and the government have the means to impose its will. Hard to trust it though when you have a financial crisis every few decades or so. Hopefully bitcoin will reach the point where it will be hard for the government to ban and regulate it so we can avoid getting dragged into whatever mess they end up making.
hero member
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March 12, 2017, 12:13:49 PM
#28
Bitcoin appeared exactly in the year of the world's financial crisis and I am sure it appeared exactly with the target to skip the banking system and government's control. With bitcoin you are your own banker and i think bitcoin's spreading over the world makes banks to loose control.
This is the first time i have heard about this information. Thanks for provding it to me. Thanks Satoshi for making a great design for us to use. And to all the people who do not know that Bitcoin is or still doubt that bitcoin can become the next currency, you should better learn to accept it because in the future, there will be another crisis and the inflation will appear
hero member
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March 12, 2017, 10:32:37 AM
#27
Bitcoin appeared exactly in the year of the world's financial crisis and I am sure it appeared exactly with the target to skip the banking system and government's control. With bitcoin you are your own banker and i think bitcoin's spreading over the world makes banks to loose control.
legendary
Activity: 3486
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March 12, 2017, 10:08:23 AM
#26
The real question is: Are the people behind the central banks losing control? Lot of europeans countries, for exemple, have all moved to impose negative interest rates in a bid to prevent their currencies from rocketing in value

I would be much interested to hear how negative interest rates mean that central banks are losing their grip on finances

Or, in other words, why would more expensive money (since this is basically what you imply) really mean that, i.e. losing control? It is typically quite the other way round. It is said that central banks are losing control over the money they issue when this money loses all value due to excessive printing, and inflation rates are surging to hundreds of percentages. A glaring example of that is the notorious Zimbabwean dollar, which was ultimately completely driven out of circulation by the US dollar and other currencies when it simply ceased to be money in the end. I guess this was an example of a central bank (as well as government) completely losing touch with reality (not just control over money)
copper member
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March 12, 2017, 07:07:56 AM
#25
The real question is: Are the people behind the central banks losing control? Lot of europeans countries, for exemple, have all moved to impose negative interest rates in a bid to prevent their currencies from rocketing in value
newbie
Activity: 37
Merit: 0
March 12, 2017, 04:52:32 AM
#24
World central banks lost control over the interest rate market, which means that when they begin to reduce their financial assistance to the economy - and sooner or later it will happen anyway - we are in for a hard time. There is still no reason to say that we are a step away from a global sell-off in the global bond markets, but now we know a little more about what will happen when successive monetary easing measures begin to consistently curtail. The prospect is depressing.
hero member
Activity: 2884
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I am terrible at Fantasy Football!!!
March 11, 2017, 06:37:17 PM
#23
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.

Are central banks losing control?
In a way yes, but at the same time you need to look from their perspective, they are injecting this massive amount of cash to to world economy and it has not imploded, I’m sure they fell like they have the control but soon they will find out how mistaken they were.
sr. member
Activity: 266
Merit: 250
March 11, 2017, 06:00:21 PM
#22
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.

Are central banks losing control?

Well sooner or later yes.

They have never had full control of the economy. No way they can predict what the people are thinking and all that.

Interest rates can only be manipulated to a certain point and then it's not going to work.

Same with printing more money.
sr. member
Activity: 406
Merit: 250
March 11, 2017, 05:58:23 PM
#21
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.

Are central banks losing control?

The central banks are not losing control but in fact has complete and absolute control. Those injection in billions of amount in US dollars monthly are not caused by them having no control over the system but the other way. The reason for injections is that the central banks have a complete control and well aware of the situation, they know what they are doing and possibly have a reason why they are doing it.
Central bank are a government agency to take care of financial system of a country and this world runs every government, thus I don't see in the future that we can fully get the freedom that we are looking, the government will not allow that as long as they have the power to create laws.
With their power, they can reject things that is not in favor for their agenda and worst thing is to make it illegal.

Yes, you are right - central banks are a tool for manipulating people. And this tool is in the hands of the government. And it is only interested in having full control over the citizens. Therefore, I am confident that central banks will never lose control

I agree with you as the central banks are just like soldiers who are dictated by the government to suck the money out of people and hence central bank will never ever lose control and they have authority to make illegal as legal and legal as illegal in simple words they can mould the law as per their convenient to rule with iron fist. Some are even planning to tern bitcoin as illegal but now it is not possible
legendary
Activity: 1540
Merit: 1003
March 11, 2017, 05:22:21 PM
#20
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.

Are central banks losing control?

Where are these $200 billion a month coming from? Aren't they just printing the money and use for this purpose. The debt is really high and especially U.S debts where we can see live here: usdebtclock.org

There can be some moves in backstages into blockchain technology or at least they are in testing phase.

And people are getting more and more involved in cryptocurrencies and the money soon will be only online and digitalized.
sr. member
Activity: 476
Merit: 255
March 11, 2017, 05:09:05 PM
#19
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.

Are central banks losing control?

I may be splitting hairs here, but I don't think it's the central banks that have lost control, it's the government's the central banks support that have lost control. The central banks aren't doing the spending, they just have to react to the spending and the consequences. Governments need to stop spending so much money. Every social service doesn't have to be made available to every citizen. Citizens need to understand the consequences for not earning their own way through life.
hero member
Activity: 826
Merit: 1004
March 11, 2017, 05:01:32 PM
#18
Nope you are just over thinking central banks have been controlling from years and they will continue to control. Even though nowadays we see many people getting aware of what the truth id and alsp protesting but I don't think anything is ever going to happen the protest will dissolve soon. Plus there isn't any alternative to it so no use
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