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Topic: Bitcoin is urgent. Argentina is printing free money too - page 4. (Read 476 times)

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After the Fed, ECB, BoJ and PBoC printed over U$ 300 trillion in debt (free money because this debt will never get paid) now non-reserve currency countries want to join the party too.

Argentina is printing free money for their own purposes: https://twitter.com/dlacalle_IA/status/1119660655005634565

"The big guys are doing it, why can't we do it too?"

Why does the US get to print money to save their banks? Why does China pump their stock market by printing more money whenever the stocks dip?

This may be the beginning of the new crash: every country out there decides they want to do quantitative easing too.

US banks got bailed out, why can't governments get bailed out?

See where this is going?

Here is the a short article regarding this: https://www.dlacalle.com/en/five-reasons-for-the-weakness-of-the-argentine-economy/ .

Simply said on the article, "Argentina has been, for many years, a country with the potential of a developed economy and a monetary policy of a third-world country." Printing free money for their own purpose causes the value of their money to reduce, making it's ability to buy goods lesser which causes inflation. Printing too much money without even equivalent economic activity or growth will lead to inflation.
copper member
Activity: 182
Merit: 18
Crypto.BI
After the Fed, ECB, BoJ and PBoC printed over U$ 300 trillion in debt (free money because this debt will never get paid) now non-reserve currency countries want to join the party too.

Argentina is printing free money for their own purposes: https://twitter.com/dlacalle_IA/status/1119660655005634565

"The big guys are doing it, why can't we do it too?"

Why does the US get to print money to save their banks? Why does China pump their stock market by printing more money whenever the stocks dip?

This may be the beginning of the new crash: every country out there decides they want to do quantitative easing too.

US banks got bailed out, why can't governments get bailed out?

See where this is going?
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