Topic: Central Banks money and blame for printing this is what I think (Read 260 times)
We don't blame banks now the governments, we blame there centauries old nature of abusing their clients. Whenever we take loan we have to pay huge amount of interest on that loan. They just take advantage of our situations. Banks stop abusing us, we won't blame them for any of their deeds.
As a kid I listened to the story about the Little Dutch kid, who put his finger in the crack in the Dike to save the town. Now when I look at this "toilet paper" money printing, it reminds me about that. Central Banks are trying to save the global economy with measures that are very similar to what that boy did.... but the problem is that the cracks are getting bigger and the Central Banks are running out of fingers.
Dont worry they created crypto as escape velo city Plan b
As a kid I listened to the story about the Little Dutch kid, who put his finger in the crack in the Dike to save the town. Now when I look at this "toilet paper" money printing, it reminds me about that. Central Banks are trying to save the global economy with measures that are very similar to what that boy did.... but the problem is that the cracks are getting bigger and the Central Banks are running out of fingers.
CBs will always print money. The main things is volume. And volumes are incredible high for last years
This is what destroys the economy and makes people's lives worse.
People want financial freedom and want to preserve privacy, and this is what the bank is trying to eliminate, so you will find more people in the future leaving banks and heading towards cryptocurrencies because it gives them decentralization and privacy, in short, it gives them financial freedom.
This is the focus and clearly stated in the bitcoin white paper. Bitcoin replaces the unnecessary third-party which is the bank through the public ledger where if broadcast, everybody can see it or have access to it through blockchain but can not alter it or trace it to owner except the owner reveals by either identification or signing message. But fiat is bank's tool for manipulation of individual and economy, printing of money will keep inflation rising.
Nobody blames banks for taking debts from people, no one gives money for nothing. We blame banks for centralization, control and printing more worthless paper money. This is what destroys the economy and makes people's lives worse.
People want financial freedom and want to preserve privacy, and this is what the bank is trying to eliminate, so you will find more people in the future leaving banks and heading towards cryptocurrencies because it gives them decentralization and privacy, in short, it gives them financial freedom.
I think that we should blame them because most loans from banks are a devil's pact in my experience and the arduous task of filing the necessary paperwork to apply for a loan also worth mentioning. No matter how much people want to have financial freedom and blaming the banks if they don't get their heads of their asses then there is a limit to what decentralization can do, put in the work, stop praying for blessing and stop blaming others for your failures are some of the good ways to start making things different. People want financial freedom and want to preserve privacy, and this is what the bank is trying to eliminate, so you will find more people in the future leaving banks and heading towards cryptocurrencies because it gives them decentralization and privacy, in short, it gives them financial freedom.
Nobody blames banks for taking debts from people, no one gives money for nothing. We blame banks for centralization, control and printing more worthless paper money. This is what destroys the economy and makes people's lives worse.
People want financial freedom and want to preserve privacy, and this is what the bank is trying to eliminate, so you will find more people in the future leaving banks and heading towards cryptocurrencies because it gives them decentralization and privacy, in short, it gives them financial freedom.
People want financial freedom and want to preserve privacy, and this is what the bank is trying to eliminate, so you will find more people in the future leaving banks and heading towards cryptocurrencies because it gives them decentralization and privacy, in short, it gives them financial freedom.
Stop blame on Central banks and fed.
Yes they need to give out loans.
Money is created of the debt, if there is debt there responsebility.
This creating money out of air is best way to do.
And it must be the debt... If you give out money no paying back oblication then money has no value.
And stop complain about they make profit the fed and Central banks.
If they run the money system why would they do this hard Work just for getting payed regular salary?
Motivation is anything Let's just acccept the fact those who do more should get more.
Next thing will be CBDC If nobody dont get profit out of it why should they run it?
So Let's stop blame the fed Central banks!!
The debt based money system is best it gives value to money.
And yet there are no better system.
Let the those who run things for other people get also more benefits. Let's not talk about how Evil they are!
They run things for us, hence stop use it and think your own money system!!.. You Can't!! So dont complain about it then!!
Yes they need to give out loans.
Money is created of the debt, if there is debt there responsebility.
This creating money out of air is best way to do.
And it must be the debt... If you give out money no paying back oblication then money has no value.
And stop complain about they make profit the fed and Central banks.
If they run the money system why would they do this hard Work just for getting payed regular salary?
Motivation is anything Let's just acccept the fact those who do more should get more.
Next thing will be CBDC If nobody dont get profit out of it why should they run it?
So Let's stop blame the fed Central banks!!
The debt based money system is best it gives value to money.
And yet there are no better system.
Let the those who run things for other people get also more benefits. Let's not talk about how Evil they are!
They run things for us, hence stop use it and think your own money system!!.. You Can't!! So dont complain about it then!!
It's a foundation of a running country, it's necessary. If you could only visit one of our place in here you would probably say you are living back in the past. I am talking about some folks out here that don't even bother using money. Even though it's just on sundays you can clearly see it's old fashioned, they change goods. If you want to buy chicken then you gonna have to bring something similar of worth. No tax, no credit, no debts, can a country survive? I guess not.
Printing money isn't that bad, as long as it doesn't go haywire then all is good, remember that there is a lot of fiat that are getting destroyed every year so they have to continuously refresh the supply with new fiat because scarcity is the enemy of fiat.
Not really unless the fiat or paper itself becomes outdated and there has to be a supply coming in.But with the current situation that the world is dealing with, continuous printing is necessary for them to fuel the economy and the return of it will still go back to everyone.
And how we deal with it depends on how we act on it.
I don’t really worry myself about all these things, but I do know that people don’t just blame them, there are things they are doing wrong which is making a lot of people to blame for those bad steps they make.
So, it’s not really about whether they are getting money from the work they are doing, of course they should get money from it, cause anyone that works deserves to be paid, but not when they are going about it the wrong way maybe by doing things that are very wrong just to get extra money and fill their pockets. That’s not good. Whatever they are doing should be done the right way, greediness and selfishness should be kept aside when they are doing these kind of works.
The people that we are blaming do not see themselves doing something wrong because what they are doing is filling their pockets generously and anything that will deviate from that fact is not good for them because they are one greedy people that doesn't think of the future of everyone but just the ability to keep their power for generations to come. Printing money isn't that bad, as long as it doesn't go haywire then all is good, remember that there is a lot of fiat that are getting destroyed every year so they have to continuously refresh the supply with new fiat because scarcity is the enemy of fiat. So, it’s not really about whether they are getting money from the work they are doing, of course they should get money from it, cause anyone that works deserves to be paid, but not when they are going about it the wrong way maybe by doing things that are very wrong just to get extra money and fill their pockets. That’s not good. Whatever they are doing should be done the right way, greediness and selfishness should be kept aside when they are doing these kind of works.
I don’t really worry myself about all these things, but I do know that people don’t just blame them, there are things they are doing wrong which is making a lot of people to blame for those bad steps they make.
So, it’s not really about whether they are getting money from the work they are doing, of course they should get money from it, cause anyone that works deserves to be paid, but not when they are going about it the wrong way maybe by doing things that are very wrong just to get extra money and fill their pockets. That’s not good. Whatever they are doing should be done the right way, greediness and selfishness should be kept aside when they are doing these kind of works.
So, it’s not really about whether they are getting money from the work they are doing, of course they should get money from it, cause anyone that works deserves to be paid, but not when they are going about it the wrong way maybe by doing things that are very wrong just to get extra money and fill their pockets. That’s not good. Whatever they are doing should be done the right way, greediness and selfishness should be kept aside when they are doing these kind of works.
Stop blame on Central banks and fed.
Yes they need to give out loans.
Money is created of the debt, if there is debt there responsebility.
This creating money out of air is best way to do.
And it must be the debt... If you give out money no paying back oblication then money has no value.
But why needs to be there printing money? Isn't the initial money in a society enough to work with? I understand the concept of debt very well and it is definitely needed in a society. Some people need money today without having it, so getting a loan and paying it back over the next few years is a good system. What I don't understand is why there needs to be a central insitituion that is printing money whenever they want. Doesn't this make it too easy for politcians to be reliable with our money? All the big countries are creating more and more debt each year.
Becouse if nobody dont own nothing there will be no motivation.
Why You Think banker run the bank?
Why You Think anyone runs the business?
The Central bank provides service to governments
And they are motivated if they get benefits as profit.
If you do more You get more!
Central bank supply us with money and they run money system for us.
Its not easy Job its a big responsebility so I dont mind those guys will get. more If they do more.
Stop blame on Central banks and fed.
Yes they need to give out loans.
Money is created of the debt, if there is debt there responsebility.
This creating money out of air is best way to do.
And it must be the debt... If you give out money no paying back oblication then money has no value.
But why needs to be there printing money? Isn't the initial money in a society enough to work with? I understand the concept of debt very well and it is definitely needed in a society. Some people need money today without having it, so getting a loan and paying it back over the next few years is a good system. What I don't understand is why there needs to be a central insitituion that is printing money whenever they want. Doesn't this make it too easy for politcians to be reliable with our money? All the big countries are creating more and more debt each year.
Of course, I WILDLY apologize, but let's be honest - cryptocurrencies as such creates money out of thin air.
I still strongly advise you, as I have done many times, to read at least a basic overview course of economics to learn how money is created. Maybe then you will stop writing such delusional things and realize that everything is not as simple as "the printer go brrr" and that "damn bad banks getting richers while Im» not. All right?"
OP is a troll and I don't think that OP is going to read anything to change that mind, you can't change a closed mind. I mean who defends central banks, those money prints is going to catch up soon enough because no matter how much they try and hide it, there is still a lot of paper money in the circulation which is going to cause inflation.I still strongly advise you, as I have done many times, to read at least a basic overview course of economics to learn how money is created. Maybe then you will stop writing such delusional things and realize that everything is not as simple as "the printer go brrr" and that "damn bad banks getting richers while Im» not. All right?"
First inflation
and then deflation. Deflation comes from bubble... And bubble will pop.
So inflation are just temporary.
it's a challenging issue for the fed and central banks that face and couldn't find solutions to it other than printing more money to make the economy run. it's gonna chaotic if it's not going to be done. citizens with growling stomach is not good. but at the same time, printing will also have a devaluation effect while the prices of the goods are also bloating.
Of course, I WILDLY apologize, but let's be honest - cryptocurrencies as such creates money out of thin air.
I still strongly advise you, as I have done many times, to read at least a basic overview course of economics to learn how money is created. Maybe then you will stop writing such delusional things and realize that everything is not as simple as "the printer go brrr" and that "damn bad banks getting richers while Im» not. All right?"
OP is a troll and I don't think that OP is going to read anything to change that mind, you can't change a closed mind. I mean who defends central banks, those money prints is going to catch up soon enough because no matter how much they try and hide it, there is still a lot of paper money in the circulation which is going to cause inflation. I still strongly advise you, as I have done many times, to read at least a basic overview course of economics to learn how money is created. Maybe then you will stop writing such delusional things and realize that everything is not as simple as "the printer go brrr" and that "damn bad banks getting richers while Im» not. All right?"
when 'printing money' causes society issues. then yes we should blame them
if they fairly gave good loans to all. no one would complain.
but with the sub-prime loans given to certain ethnic groups. then there is a problem
when governments stop creating goods/services to boost GDP. but instead QE new money to put into circulation to boost GDP. there is a problem
when banks create money for value of a house. but sub prime it knowing most will default in 5 years. they know they can have 5 years of repayments. and then at default. get the full value of house ontop. then there is a problem
its not the fact of printing money. its the ethics of why/how/when the money is printed.
the ethical standards has declined whilst the printing money % has increased. thats the problem.
they should be more ethical
EG
those wanting to buy $20mill mansions should pay 10%+ interest
those wanting to buy $100k apartments should pay 1% interest
if you can afford a larger loan then you can afford higher interest.
.. thats ethical
punishing the poor with high interest is unethical. yea i understand 'thats business risk management' but its far better to not screw society while thinking the 'its just business' obsolves you of any morals/ethics
if they fairly gave good loans to all. no one would complain.
but with the sub-prime loans given to certain ethnic groups. then there is a problem
when governments stop creating goods/services to boost GDP. but instead QE new money to put into circulation to boost GDP. there is a problem
when banks create money for value of a house. but sub prime it knowing most will default in 5 years. they know they can have 5 years of repayments. and then at default. get the full value of house ontop. then there is a problem
its not the fact of printing money. its the ethics of why/how/when the money is printed.
the ethical standards has declined whilst the printing money % has increased. thats the problem.
they should be more ethical
EG
those wanting to buy $20mill mansions should pay 10%+ interest
those wanting to buy $100k apartments should pay 1% interest
if you can afford a larger loan then you can afford higher interest.
.. thats ethical
punishing the poor with high interest is unethical. yea i understand 'thats business risk management' but its far better to not screw society while thinking the 'its just business' obsolves you of any morals/ethics
Banks don't create money out of the air. They don't. There is a demon called inflation. As soon as the banks continue to print more money, that demon will begin to devour them and the price of the currency will decrease until it becomes more expensive than the paper on which it is printed.
Central banks try to maintain some measure of balance, and it is the poor that pay the price, not the rich.
Here the problem lies not in printing money.
Printing money is a symptom of a disease.
Central banks try to maintain some measure of balance, and it is the poor that pay the price, not the rich.
Here the problem lies not in printing money.
Printing money is a symptom of a disease.
Printing money is Only When You do borrow money.
So its process of creating the money.
Debit = Crebit
Credit=Debit
But dont Say They are Evil bankers they run system for us so we have mean for Exchange called as money.
Cryptocurrency works in a different way. Here, really, money is first created out of thin air, and then measures are taken to create and increase demand for it.
February 20, 2021, 10:11:07 AM
Of course, I WILDLY apologize, but let's be honest - cryptocurrencies as such creates money out of thin air.
I still strongly advise you, as I have done many times, to read at least a basic overview course of economics to learn how money is created. Maybe then you will stop writing such delusional things and realize that everything is not as simple as "the printer go brrr" and that "damn bad banks getting richers while Im» not. All right?"
I still strongly advise you, as I have done many times, to read at least a basic overview course of economics to learn how money is created. Maybe then you will stop writing such delusional things and realize that everything is not as simple as "the printer go brrr" and that "damn bad banks getting richers while Im» not. All right?"
February 20, 2021, 07:06:36 AM
Banks don't create money out of the air. They don't. There is a demon called inflation. As soon as the banks continue to print more money, that demon will begin to devour them and the price of the currency will decrease until it becomes more expensive than the paper on which it is printed.
Central banks try to maintain some measure of balance, and it is the poor that pay the price, not the rich.
Here the problem lies not in printing money.
Printing money is a symptom of a disease.
'Printing money' is misleading. Most money never exists in physical form, it only exists in the form of loans from commercial banks, where money is created as a number on a computer. There is some regulations on how much money can be created by banks - they have to hold some capital in case people default on their loans - but central banks create only a tiny proportion of money in the modern economy.Central banks try to maintain some measure of balance, and it is the poor that pay the price, not the rich.
Here the problem lies not in printing money.
Printing money is a symptom of a disease.
The 2008 financial crisis has clearly shown that banks do not hold enough capital to back up the money they create when there is economic hardship. Hence why Satoshi included in the genesis block an article from the Times: 'Chancellor on brink of second bailout for banks'.
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