Topic: Covid 19 protecting value of money (Read 553 times)
Of course, we can say that in a pandemic, cryptocurrency helps users improve their financial condition, given the current performance of the cryptocurrency market. Thus, a person who does not want to lose the value of their savings due to the depreciation of national currencies can buy one of the rated cryptocurrencies. But before doing this, a person must understand what he is doing.
Of course, we can say that in a pandemic, cryptocurrency helps users improve their financial condition, given the current performance of the cryptocurrency market. Thus, a person who does not want to lose the value of their savings due to the depreciation of national currencies can buy one of the rated cryptocurrencies. But before doing this, a person must understand what he is doing.
The cryptocurrency market helped people who had money to invest during a pandemic but majority of the world population lives on daily wages and middle class and they cannot spare the money when they are in fear of loosing their job or business and it is evident that millions of people lost their job and business in the past one year and economy is not improving either. 
Not only that the covid pandemic has created an incentive for businesses to not hire people and instead try to automate most of their processes so even if things went back to normal right now many of those jobs are never coming back, so we are in a very interesting point in history as new technologies that in the past generated as many jobs as they destroyed seems like they will take way more jobs than in the past and this will create massive unemployment.
That is the bad side of the things we have right now, but we have to look at the good side as well which is remote working. The whole world learned that many jobs could have been done from home, and even though lockdowns are not a thing anymore, some jobs are still done at home, as long as it can be done from home why make people go to work?It saves money for the company too and every worker would rather be at home too, so it is a win-win situation both for the worker and the company. Automation will destroy jobs eventually anyway, but remote work wasn't going to happen without covid, so we could say in the business world the biggest change was people who worked from home.
Automation on the other hand would have been done with higher and better tech anyway, we need to figure out how this increasing amount of population with decreasing amount of jobs available can survive, because it is not anymore and unemployment is record breakingly high all over the world.
Not only the rich, Bitcoin can also effectively deal with inflation and protect the assets in the hands of some people in small countries from being evaporated.
Let us face the fact that covid-19 has caused great hardship in various countries. Maybe for the rich, they just don't mind but for the poor how are they?
This pandemic has a huge impact when it comes to the flow and value of money. You must be wise because if you don't, you will end to be miserable.
This pandemic has a huge impact when it comes to the flow and value of money. You must be wise because if you don't, you will end to be miserable.
No, maybe you are right, COVID-19 could protect their wealth, but actually it still increase the risk about their life if they get sick, even they could spend a lot of money for themself.
Do you know that the rich also lose money? The more money will print the less money will be because the purchasing power has not been canceled. Is it okay that the more money is printed now the stronger inflation will be tomorrow? What are you talking about? Are you healthy or are you also infected and now you are trying to distract yourself from feeling bad by writing absolute nonsense on the Internet? Go sleep it off, for God's sake.
One way or another, today the government is not looking for other ways to overcome the economic crisis and is trying to save business by increasing the money supply. in any case, it harms almost everyone and not only business, but also an ordinary user. Based on this, coronavirus worsens the situation, but does not maintain parity in any way and value for money.
How could increasing the supply can help the economic situation? I don't think it's helpful to economy if the government will choose to do that since if they decide to increase the supply for sure the value will decreased and that would be a huge disaster to the country since they will struggle in the long run if these plans will be made by them. The virus really hit bad all the country but the only thing we can do to save the economy is to have a proper coordination in terms of protocols given, people should have discipline so that this virus will be controlled.
Not only that the covid pandemic has created an incentive for businesses to not hire people and instead try to automate most of their processes so even if things went back to normal right now many of those jobs are never coming back, so we are in a very interesting point in history as new technologies that in the past generated as many jobs as they destroyed seems like they will take way more jobs than in the past and this will create massive unemployment.
That is the bad side of the things we have right now, but we have to look at the good side as well which is remote working. The whole world learned that many jobs could have been done from home, and even though lockdowns are not a thing anymore, some jobs are still done at home, as long as it can be done from home why make people go to work?It saves money for the company too and every worker would rather be at home too, so it is a win-win situation both for the worker and the company. Automation will destroy jobs eventually anyway, but remote work wasn't going to happen without covid, so we could say in the business world the biggest change was people who worked from home.
Automation on the other hand would have been done with higher and better tech anyway, we need to figure out how this increasing amount of population with decreasing amount of jobs available can survive, because it is not anymore and unemployment is record breakingly high all over the world.
One way or another, today the government is not looking for other ways to overcome the economic crisis and is trying to save business by increasing the money supply. in any case, it harms almost everyone and not only business, but also an ordinary user. Based on this, coronavirus worsens the situation, but does not maintain parity in any way and value for money.
Not all countries will resort to increasing their money supply, the supply is cut, its just that the money has been diverted to other things that are used to help with the pandemic, unfortunately, labor is the most affected and most of the population of a country is getting their money from so it is evident it may seem to look like the pandemic is protecting the rich people when in reality it is not. It is a good thing that the government is saving business because they are the biggest tax contributor but the problem is that the bigger the business, the less the tax you are going to pay. Not to mention that there was a financial standing and financial gap that has separated the rich and the poor even before the pandemic, the gap just got bigger and that is why we have noticed it. I do not agree that COVID-19 protects the value of money, which means that the value of money will decrease due to inflation. Because the government does a lot of printing money, this is actually only a temporary solution. But it could not solve the economic crisis that occurred.
Because in my country the stimulus provided by the government which comes from printing money is given to the public, but society does not use the money wisely. However, many people in my country use the stimulus check to buy something that is not important. That's why it creates new problems, related to COVID-19 is indeed very complicated to solve. It needs a lot of education from the government.
The logic is that since covid started money has been printed but inflation wasn't "that" high, in any other situation it would have been higher and it would have hurt the economy so badly, however because we weren't capable of earning money and spending it, we needed government to print money and help us which obviously helped some stuff. Digital "debt" that really doesn't even exists in most cases being paid is not the same as actually giving money.Because in my country the stimulus provided by the government which comes from printing money is given to the public, but society does not use the money wisely. However, many people in my country use the stimulus check to buy something that is not important. That's why it creates new problems, related to COVID-19 is indeed very complicated to solve. It needs a lot of education from the government.
For example the famous 2008 one where 800+ billion dollars were paid back with about 10% rate if I am not wrong but that was still horrible for the inflation and everything else because it was focused on one place, wall street, whereas this one is more whole countries and that is why everyone got money and when everyone did, basically nobody did because everyone paid all those unpaid bills and rent and got their groceries type of stuff, nobody went up and bought a car with it, it wasn't a money like that.
"How is COVID protecting value of money?"
The Feds keep printing money, supply goes up, while spending is at underwater levels. The stimulus packages only make the situation worse, but they are necessary to help people cope with the circumstances. I believe a finacial is imminent as the stock market is too stretched out in my opinion and the pandemic has seriously left its footmark on the world.
Conclusion: COVID only worsens economies by keeping people unemployed and causing major distress among the population. It has its benefits, but the damages are far heavier.
Not only that the covid pandemic has created an incentive for businesses to not hire people and instead try to automate most of their processes so even if things went back to normal right now many of those jobs are never coming back, so we are in a very interesting point in history as new technologies that in the past generated as many jobs as they destroyed seems like they will take way more jobs than in the past and this will create massive unemployment. The Feds keep printing money, supply goes up, while spending is at underwater levels. The stimulus packages only make the situation worse, but they are necessary to help people cope with the circumstances. I believe a finacial is imminent as the stock market is too stretched out in my opinion and the pandemic has seriously left its footmark on the world.
Conclusion: COVID only worsens economies by keeping people unemployed and causing major distress among the population. It has its benefits, but the damages are far heavier.
Covid 19 protectong value of money
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
Actually it makes the economy much worse than it is when you do that. Having a lot of paper money can lead to fall on its value and this is not a good sign when you want a good economical status. Even before covid times this situation also happens a lot too so we can't say that the current pandemic was really protecting it.
I do not agree that COVID-19 protects the value of money, which means that the value of money will decrease due to inflation. Because
the government does a lot of printing money, this is actually only a temporary solution. But it could not solve the economic crisis that occurred.
Because in my country the stimulus provided by the government which comes from printing money is given to the public, but society does not
use the money wisely. However, many people in my country use the stimulus check to buy something that is not important. That's why it creates
new problems, related to COVID-19 is indeed very complicated to solve. It needs a lot of education from the government.
the government does a lot of printing money, this is actually only a temporary solution. But it could not solve the economic crisis that occurred.
Because in my country the stimulus provided by the government which comes from printing money is given to the public, but society does not
use the money wisely. However, many people in my country use the stimulus check to buy something that is not important. That's why it creates
new problems, related to COVID-19 is indeed very complicated to solve. It needs a lot of education from the government.
Covid is good for wealthy people
It's great for them...as we can see they are richer than before! Many people lost their jobs and minimum wagers, but who f. them when Jeff Bezos is making new records!
This world is fucked up real good! It will need a lot to repair all that is broken... What we have from previous generations? What we will leave to our kids and future generations? A huge mess? Problems? Do you ever think about it?
Covid is just a stupid virus, do you even know how many viruses there are? But what happened in last year, and what's happening now is crazy it can be! I am not buying their shit anymore, if you ask me covid is the best excuse for governments and powerful people to play their game without much interference.... all those things that were important before do not exist, now it's only covid! Haha, what a joke... it's like 1984! They are rewriting everything in front of our eyes and we can't do anything!
"How is COVID protecting value of money?"
The Feds keep printing money, supply goes up, while spending is at underwater levels. The stimulus packages only make the situation worse, but they are necessary to help people cope with the circumstances. I believe a finacial is imminent as the stock market is too stretched out in my opinion and the pandemic has seriously left its footmark on the world.
Conclusion: COVID only worsens economies by keeping people unemployed and causing major distress among the population. It has its benefits, but the damages are far heavier.
The Feds keep printing money, supply goes up, while spending is at underwater levels. The stimulus packages only make the situation worse, but they are necessary to help people cope with the circumstances. I believe a finacial is imminent as the stock market is too stretched out in my opinion and the pandemic has seriously left its footmark on the world.
Conclusion: COVID only worsens economies by keeping people unemployed and causing major distress among the population. It has its benefits, but the damages are far heavier.
Covid 19 protectong value of money
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
Money printing is supervised and accounted for everything they take out and they take in. So printing more money will just do more damage than everything especially to the economy as it will definitely result to higher inflation. So the COVID 19 protecting value of money is definitely false as ,
Estimates are that 22% of the circulating US dollar was printed in 2020.
Therefore, the value of money decreases in 2020. 
Inflation will be the outcome if the government print more money and the value of that paper will be meaningless and useless to all citizens. We might have negative impact of what covid brought us but it triggers new payment system like the uses of paperless and crypto payment system that everybody are using right now during these lockdowns we are experiencing.
While inflation is active and occurring in your country then recession will also occur.
Recession is really hard and can worsen economic crisis, because economic activities will probably become much lower and as Covid-19 is continuously active then we will probably suffer that long. In terms of investment, obviously we will have a doubt and uncertainty that will make us scared to invest.
But somehow, cryptocurrency will become more popular and mainstream due to more on digital transactions.
During our recession, the impact of what happens to the economy will continue to decline because residents are no longer sure what to do during this pandemic because the economic value will not rotate completely because of its limitations, therefore the traffic in digital transactions is now increasing due to Many issues are much better than Fiat.
Cryptocurrency is now gaining in popularity and has even increased by a few percent during this increase so many people are turning to lots of enthusiasts.
Inflation will be the outcome if the government print more money and the value of that paper will be meaningless and useless to all citizens. We might have negative impact of what covid brought us but it triggers new payment system like the uses of paperless and crypto payment system that everybody are using right now during these lockdowns we are experiencing.
While inflation is active and occurring in your country then recession will also occur.
Recession is really hard and can worsen economic crisis, because economic activities will probably become much lower and as Covid-19 is continuously active then we will probably suffer that long. In terms of investment, obviously we will have a doubt and uncertainty that will make us scared to invest.
But somehow, cryptocurrency will become more popular and mainstream due to more on digital transactions.
Covid 19 protectong value of money
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
yes sometimes covid is unfair to all people. only the rich are able to survive covid19 because their finances are not too affected and their need for daily allocations is also reduced due to the rules of working from home. This is very inversely proportional to the poor people who are miserable and very difficult in finances Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
Whilst I do not believe in the fiat system in general terms, this makes no sense.
It is true that COVID is suppressing consumption and therefore inflation in a lot of countries, which means that inflation figures haven't actually jumped that much even though there have been several rounds of economic stimulus by fiscal and monetary means in most countries (stimulus checks, QE, etc.)
But how is it "protecting" the fiat system? It just isn't. Sure, inflation hasn't jumped during COVID due to low consumer sentiment, but have you considered the fact that QE and other stimuli wouldn't have even been warranted without COVID?
The real concern with COVID on the economy should be that it is propping up asset prices such as equities because excess liquidity has gone towards speculation more than anything else. Not that it is somehow "safeguarding" the value of fiat.
And I will add to this that inflation is going to come back with a vengeance once things begin to resemble somewhat what we were before the pandemic, that is when we will begin to see important levels of inflation, while a fast collapse of the fiat system is probably not going to happen because governments are going to do everything in their power to keep it in place I think the pandemic has given a death blow to the fiat system and its collapse now is inevitable. It is true that COVID is suppressing consumption and therefore inflation in a lot of countries, which means that inflation figures haven't actually jumped that much even though there have been several rounds of economic stimulus by fiscal and monetary means in most countries (stimulus checks, QE, etc.)
But how is it "protecting" the fiat system? It just isn't. Sure, inflation hasn't jumped during COVID due to low consumer sentiment, but have you considered the fact that QE and other stimuli wouldn't have even been warranted without COVID?
The real concern with COVID on the economy should be that it is propping up asset prices such as equities because excess liquidity has gone towards speculation more than anything else. Not that it is somehow "safeguarding" the value of fiat.
Whilst I do not believe in the fiat system in general terms, this makes no sense.
It is true that COVID is suppressing consumption and therefore inflation in a lot of countries, which means that inflation figures haven't actually jumped that much even though there have been several rounds of economic stimulus by fiscal and monetary means in most countries (stimulus checks, QE, etc.)
But how is it "protecting" the fiat system? It just isn't. Sure, inflation hasn't jumped during COVID due to low consumer sentiment, but have you considered the fact that QE and other stimuli wouldn't have even been warranted without COVID?
The real concern with COVID on the economy should be that it is propping up asset prices such as equities because excess liquidity has gone towards speculation more than anything else. Not that it is somehow "safeguarding" the value of fiat.
Interestingly inflation levels increased a ton in some nations for the exact same reason and that is why this is all wrong. You know how it increased? Since people couldn't work, and since people couldn't make money, instead of selling 10 things for 1 fiat and make 10 fiat, they started to ask for 10 fiat for 1 thing to make 10 fiat.It is true that COVID is suppressing consumption and therefore inflation in a lot of countries, which means that inflation figures haven't actually jumped that much even though there have been several rounds of economic stimulus by fiscal and monetary means in most countries (stimulus checks, QE, etc.)
But how is it "protecting" the fiat system? It just isn't. Sure, inflation hasn't jumped during COVID due to low consumer sentiment, but have you considered the fact that QE and other stimuli wouldn't have even been warranted without COVID?
The real concern with COVID on the economy should be that it is propping up asset prices such as equities because excess liquidity has gone towards speculation more than anything else. Not that it is somehow "safeguarding" the value of fiat.
This is just an example and numbers are made up but since people couldn't spend too much money on bigger things, the only thing money went to was needed things and that made everyone poorer and asking for more and more money, which is the reason why there was inflation. That is how happened in my nation and that is what happened even in USA as well for a while, during summer specially everything was a lot more expensive. You do not think that going to cinema in the future when all of this is over will be same price? It is going to be a lot more expensive, those places didn't even made a cent during this period.
Quote
If economy is locked down you can print a lot money
Damn no!The Fed uses extra money printing as a tool to rescue the economy amid the pandemic. Or where was "stimulus" money coming from?
Estimates are that 22% of the circulating US dollar was printed in 2020.
Covid 19 is good for rich people, but it is not good for poor people. If economy is stopped, then it is difficult to lead our daily life. So, how can we say that covid 19 is protesting the value of money.
i havent thought of that but like you i also have a negative impressions during the covid came , i think that it was a business strategy or something . covid dont protect the value of fiat but it serves as an alibi , effects are going to be feel by everyone is theres a problem in regards to fiat .
if you dont like fiat now you dont need to force yourself using it but theres many alternatives you can use now , currencies that are not manipulated by banks and governments . you know what im talking about
if you dont like fiat now you dont need to force yourself using it but theres many alternatives you can use now , currencies that are not manipulated by banks and governments . you know what im talking about
It can't be said that covid-19 protecting the value of money. Because in the time of the pandemic, people living under the level of poverty getting the help of govt or any other source that makes the available money on a market that is spending lazy time. Rich people can face any type of crisis of money and after r pandemic, they will cover soon. Govt should not print extra money to face this pandemic they should face this crisis by using direct products that should protect the balance of money in a country.
Whilst I do not believe in the fiat system in general terms, this makes no sense.
It is true that COVID is suppressing consumption and therefore inflation in a lot of countries, which means that inflation figures haven't actually jumped that much even though there have been several rounds of economic stimulus by fiscal and monetary means in most countries (stimulus checks, QE, etc.)
But how is it "protecting" the fiat system? It just isn't. Sure, inflation hasn't jumped during COVID due to low consumer sentiment, but have you considered the fact that QE and other stimuli wouldn't have even been warranted without COVID?
The real concern with COVID on the economy should be that it is propping up asset prices such as equities because excess liquidity has gone towards speculation more than anything else. Not that it is somehow "safeguarding" the value of fiat.
It is true that COVID is suppressing consumption and therefore inflation in a lot of countries, which means that inflation figures haven't actually jumped that much even though there have been several rounds of economic stimulus by fiscal and monetary means in most countries (stimulus checks, QE, etc.)
But how is it "protecting" the fiat system? It just isn't. Sure, inflation hasn't jumped during COVID due to low consumer sentiment, but have you considered the fact that QE and other stimuli wouldn't have even been warranted without COVID?
The real concern with COVID on the economy should be that it is propping up asset prices such as equities because excess liquidity has gone towards speculation more than anything else. Not that it is somehow "safeguarding" the value of fiat.
It will only helps you if you are hedging your cash or you are invested into different investment but aside from that, I don't see COVID protecting the value of money.
In case you didn't know, Venezuela had its hyperinflation years ago if I remember correctly because of the government printing money massively to the fact that their money doesn't have value anymore. I still remember the time when I saw a picture of their money worth 100 Trillion and yet they aren't accepting it.
Government printing out money massively can cause hyperinflation especially to those countries who are developing. USA is printing massively thus, the value of their currency is slowly decreasing. If this continues then it will also continue to go down.
There is no way around it, governments are trying to justify their money printing policies with new theories arguing this can be sustained forever but the reality is different, at some point people are going to feel that the value of their money is reducing at an accelerated rate and then they will try to protect themselves from those effects, and in the case of the US I think the money printing will only accelerate, Biden is not even the president yet and he already promised 2 trillion dollars which most likely are all printed. In case you didn't know, Venezuela had its hyperinflation years ago if I remember correctly because of the government printing money massively to the fact that their money doesn't have value anymore. I still remember the time when I saw a picture of their money worth 100 Trillion and yet they aren't accepting it.
Government printing out money massively can cause hyperinflation especially to those countries who are developing. USA is printing massively thus, the value of their currency is slowly decreasing. If this continues then it will also continue to go down.
Inflation will be the outcome if the government print more money and the value of that paper will be meaningless and useless to all citizens. We might have negative impact of what covid brought us but it triggers new payment system like the uses of paperless and crypto payment system that everybody are using right now during these lockdowns we are experiencing.
This payment applies to cryptocurrency users. But on the other hand, those who don't really like crypto will have a big impact. Those who insist on using fiat money are constantly pressed on condition of a lockdown as long as the lockdown continues, gradually every citizen whose economy is below the poverty line continues to scream and ask the government to end the lockdown period. day traders who sell only drinks and bread lose 50% of their income. they even come home with insufficient income.
while the rich still feel safe and are fast asleep on top of their piles of banknotes.
It will only helps you if you are hedging your cash or you are invested into different investment but aside from that, I don't see COVID protecting the value of money.
In case you didn't know, Venezuela had its hyperinflation years ago if I remember correctly because of the government printing money massively to the fact that their money doesn't have value anymore. I still remember the time when I saw a picture of their money worth 100 Trillion and yet they aren't accepting it.
Government printing out money massively can cause hyperinflation especially to those countries who are developing. USA is printing massively thus, the value of their currency is slowly decreasing. If this continues then it will also continue to go down.
In case you didn't know, Venezuela had its hyperinflation years ago if I remember correctly because of the government printing money massively to the fact that their money doesn't have value anymore. I still remember the time when I saw a picture of their money worth 100 Trillion and yet they aren't accepting it.
Government printing out money massively can cause hyperinflation especially to those countries who are developing. USA is printing massively thus, the value of their currency is slowly decreasing. If this continues then it will also continue to go down.
Covid 19 protectong value of money
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
That could only work if people were hoarding money but is that what it is happening? No, those that need the money used all the money they were given immediately, but what about the rest? They are investing in whatever they could find and that includes bitcoin as well as such that fiat is circulating and chasing products and services so it is not really being hoarded, so the price of everything is going up reducing the confidence in fiat currencies, and as such I do not see how covid is protecting fiat currencies at all. Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
If you think covid 19 brings good for some people. what about the fate of the small people affected by the pandemic so that they lose their jobs and have difficulty making ends meet.
Is this fair in your opinion?
Is this fair in your opinion?
There is a lot of conspiracy theories going around about the Covid pandemic being used to hide "Fiat" related problems. Some people seem to think that Covid was introduced to push down the prices of over inflated Stock and share prices. (So that a select few, would be able to benefit from that, because they pulled their investment before the prices dropped)
Other people are saying that it was engineered to give countries like the USA an excuse to boost the "Fiat" system. (I think it is crap, because the country would not introduce something to virtually destroy the economy and jobs... just to pump toilet paper dollars back into the economy)
Other people are saying that it was engineered to give countries like the USA an excuse to boost the "Fiat" system. (I think it is crap, because the country would not introduce something to virtually destroy the economy and jobs... just to pump toilet paper dollars back into the economy)
Covid is good for wealthy people
Hell no! In the start of the pandemic, in some other countries which are in a third-world countries are really experiencing struggle. Those business who got closed are being bankrupt and experience economic crisis also, they are rich they can sustain their needs but their business or company becomes dead. This Covid-19 also brought mainstream to cryptocurrency investments and business are slowly recovering due to the fact that they already underestimating Covid-19 and reopen their companies and continue working with their employees again. Wealthy people can just sustain their needs but they are still having problems with it compared to those who really struggle so hard to become unemployed and don't have any budget to keep themselves alive during pandemic.
The good for wealthy people always turn against them and their end is tragic. The economy is developed if there is good growth for the middle class, and then the rich will be able to naturally increase their wealth.
Covid will create economic distortions that may lead to many problems. Therefore, it is not good and the effects of inflation do not appear until after several years.
Covid 19 is not protecting value of money, it destroy it.
Covid will create economic distortions that may lead to many problems. Therefore, it is not good and the effects of inflation do not appear until after several years.
Covid 19 is not protecting value of money, it destroy it.
Covid19 does not protect the value of money.
On the contrary, due to the crisis, businesses are working at their medium capacity.
There are more expenses in the health networks of the world to relieve people affected by the virus.
There is less production in all sectors and we do not know how it will affect us in the immediate future.
As we have faith in God we know that we have a fertile land that as soon as we get out of the pandemic our fields will once again be more productive.
On the contrary, due to the crisis, businesses are working at their medium capacity.
There are more expenses in the health networks of the world to relieve people affected by the virus.
There is less production in all sectors and we do not know how it will affect us in the immediate future.
As we have faith in God we know that we have a fertile land that as soon as we get out of the pandemic our fields will once again be more productive.
Yes covid protectimg are you not see this ?
Covid19 does not protect the value of money.
On the contrary, due to the crisis, businesses are working at their medium capacity.
There are more expenses in the health networks of the world to relieve people affected by the virus.
There is less production in all sectors and we do not know how it will affect us in the immediate future.
As we have faith in God we know that we have a fertile land that as soon as we get out of the pandemic our fields will once again be more productive.
On the contrary, due to the crisis, businesses are working at their medium capacity.
There are more expenses in the health networks of the world to relieve people affected by the virus.
There is less production in all sectors and we do not know how it will affect us in the immediate future.
As we have faith in God we know that we have a fertile land that as soon as we get out of the pandemic our fields will once again be more productive.
Covid 19 protectong value of money
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
On the one hand printing money should actually increase inflation. But what we saw in the last 6 month is that inflation is not actually going up. People tend to save more money during the lockdown and are afraid to make big pruchases. As the rich people have most of their money invested, inflation is probably not a big issue here. Printing money is more an issue for the average Joe and losing purchasing power if they don't invest properly.
But what happens when Covid19 ends and people want to spend all those dollars? Then we'll have the pay the piper of monetary printing.
This whay they dont open before they have solution.
Those who got no crypto or btc will suffer and pay for the piper of moneytary printing
But what happens when Covid19 ends and people want to spend all those dollars? Then we'll have the pay the piper of monetary printing.
Those printing of money will make bitcoin up to the highest than we can ever imagine. People are starting to notice that the fiat will eventually go lower in value.
And that's why they have to look for some resolution for it just like buying bitcoin and putting their money on it while waiting for it to rise up in value tremendously. Their doubts are eventually removed because of what bitcoin starts to show for its prices.
And that's why they have to look for some resolution for it just like buying bitcoin and putting their money on it while waiting for it to rise up in value tremendously. Their doubts are eventually removed because of what bitcoin starts to show for its prices.
Inflation will be the outcome if the government print more money and the value of that paper will be meaningless and useless to all citizens. We might have negative impact of what covid brought us but it triggers new payment system like the uses of paperless and crypto payment system that everybody are using right now during these lockdowns we are experiencing.
This is true.
Printing money just because the economy is suffering will never solve the problem, in fact, it will just add another problem which is inflation. COVID-19 doesn't protect the value of money, it's making the opposite. COVID-19 makes the electronic based transaction go on trends especially Bitcoin. Fiat is pretty useless now because the majority of the population are now allowed to go outside always therefore online transactions using web wallets that uses fiat and cryptocurrency is more on demand.
COVID-19 is pushing us to adopt the future, the new normal, and the new currency we should have in the future for more profits and benefits.
I am sure the government will protect the economy which is currently in decline and print more money. I think there are rules so that inflation will not occur.
But we know now that with this pandemic we are pushing with more rapidly growing electronic transactions up high so that this has resulted in many shifting from fiat to digital currencies.
Bitcoin is one of the tools we know that the price will not reach this value but the fact is that people continue to demand a lot so this can become a legitimate transaction in the future, so in the covid-19 situation it provides many advantages, especially in cryptocurrency.
Covid 19 protectong value of money
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
I will try and make it simple. Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
Value is printing is not something that goes hand in hand.
For example:
You have a bread 🍞 which is valued at 1$ and you decide to slice it into 10 equal portions. So every portion will be priced at 0.1$. Now you distribute it amongst the people in need.
BUT
There is a problem and you don't have enough for all of the people so you have to distribute it in 100!!!!!! So now every piece is priced at 0.01$ but due to inflation in the market people are selling it for 0.1$ and it's appropriate too.
So how the market changed locally???
A product that was Worth 0.01$ is now selling at 0.1$ , it would be acceptable locally but globally they might not have the problem so you will live in your own little world thinking you have enough whereas what you have is 1/10th of the real value.
Regarding the Rich, it's indeed very unfair ofcourse since they are also getting the stimulus when they don't need any.
In cases like this, we cannot generalize that rich people will still face Covid 19. because in fact they are being terrorized all out just to survive from day to day, especially people who are in the poverty line. it can't be smacked flat. Indeed, only a few people who can survive the conditions of Covid 19 are not a big problem, they easily spend money to buy groceries which in fact their money is more worthy of being given to those who are more in need. . shopping excessively and with great disrespect for the poor.
Inflation will be the outcome if the government print more money and the value of that paper will be meaningless and useless to all citizens. We might have negative impact of what covid brought us but it triggers new payment system like the uses of paperless and crypto payment system that everybody are using right now during these lockdowns we are experiencing.
This is true.
Printing money just because the economy is suffering will never solve the problem, in fact, it will just add another problem which is inflation. COVID-19 doesn't protect the value of money, it's making the opposite. COVID-19 makes the electronic based transaction go on trends especially Bitcoin. Fiat is pretty useless now because the majority of the population are now allowed to go outside always therefore online transactions using web wallets that uses fiat and cryptocurrency is more on demand.
COVID-19 is pushing us to adopt the future, the new normal, and the new currency we should have in the future for more profits and benefits.
Inflation will be the outcome if the government print more money and the value of that paper will be meaningless and useless to all citizens. We might have negative impact of what covid brought us but it triggers new payment system like the uses of paperless and crypto payment system that everybody are using right now during these lockdowns we are experiencing.
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Check this and you know is not protecting value of money. If you print lot of money, you will push value down for it because too much money will make people lazy as they can get free money even as not having a job. When money is too much in the country, the appetite for labour will reduce and that will affect GDP level. Export will fall , standards of living will drop.
Have you only just discovered there are spenders and hoarders?
Most people spend most of what they earn while some hoard it. This is why inflation is a thing to stop the hoarders from not taking a risk by investing in something.
For example historically, when income tax and corporation tax have been high (90%+) business started buying accommodation for their workers to live in and parks/schools/churches for them. To use because it increased a person's company portfolio and slashed the amount of tax that was needed to be paid (that's why every European/UK businessman of the 15th-19th century was a "philanthropist" . You need a new road outside your factory? Why pay the government a few shillings to do it when you could get some workers on it and pocket the money.
Most people spend most of what they earn while some hoard it. This is why inflation is a thing to stop the hoarders from not taking a risk by investing in something.
For example historically, when income tax and corporation tax have been high (90%+) business started buying accommodation for their workers to live in and parks/schools/churches for them. To use because it increased a person's company portfolio and slashed the amount of tax that was needed to be paid (that's why every European/UK businessman of the 15th-19th century was a "philanthropist" . You need a new road outside your factory? Why pay the government a few shillings to do it when you could get some workers on it and pocket the money.
Covid 19 protectong value of money
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
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