Europe's new plan: to give more free money to banks

breathlessz

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Trphy.io

Quote from: TheCoinGrabber on March 26, 2019, 02:56:45 AM

Quote from: Naida_BR on March 25, 2019, 12:10:00 PM

Quote from: TheCoinGrabber on March 25, 2019, 09:22:17 AM

snip

Instead of giving money to save banks, governments can make some public spending in terms of transport infrastructure (build roads, stations, airports etc.) that will help the trading of goods between countries.
Moves like these can improve the trading balance of the EU, but they insist of trying to protect the banks in this vicious cycle that the economy has fallen.

Makes me wonder if EU is also doing what China is doing, offering loans to smaller countries to build up so they can keep buying Chinese goods. Of course we know the strings attached but the thing is, the scheme is to keep the trade flowing.

we just wait for the policy, such a strategy is a strategy to bind a country to be able to use its products, so that they have a market and benefit from the loan funds, tactics that are quite wise

TheCoinGrabber

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Quote from: Naida_BR on March 25, 2019, 12:10:00 PM

Quote from: TheCoinGrabber on March 25, 2019, 09:22:17 AM

snip

Instead of giving money to save banks, governments can make some public spending in terms of transport infrastructure (build roads, stations, airports etc.) that will help the trading of goods between countries.
Moves like these can improve the trading balance of the EU, but they insist of trying to protect the banks in this vicious cycle that the economy has fallen.

Makes me wonder if EU is also doing what China is doing, offering loans to smaller countries to build up so they can keep buying Chinese goods. Of course we know the strings attached but the thing is, the scheme is to keep the trade flowing.

sebinjohn

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Hi!!

With the European countries tottering on low growth trajectories, low birth rates, high deficits a situation like the US in 2008 is bound to happen.

Naida_BR

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Quote from: TheCoinGrabber on March 25, 2019, 09:22:17 AM

Government always ruin whatever they throw money at. Even more infuriating is that these bankers feel entitled to such subsidies. All they'll achieve by printing more money is weakening the economy in the long run.

Best of luck to everyone. Once the next crash comes, it's gonna be much worse.

Instead of giving money to save banks, governments can make some public spending in terms of transport infrastructure (build roads, stations, airports etc.) that will help the trading of goods between countries.
Moves like these can improve the trading balance of the EU, but they insist of trying to protect the banks in this vicious cycle that the economy has fallen.

TheCoinGrabber

sr. member

Activity: 994

Merit: 302

Government always ruin whatever they throw money at. Even more infuriating is that these bankers feel entitled to such subsidies. All they'll achieve by printing more money is weakening the economy in the long run.

Best of luck to everyone. Once the next crash comes, it's gonna be much worse.

sclmte

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Blockchain is a great opportunity for Europe and Member States to rethink their information systems, to promote user trust and the protection of personal data, to help create new business opportunities and to establish new areas of leadership, benefiting citizens, public services and companies .

Btchunter3333

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Will not be good for economy in EU to print more money and release on market. But this is it, we can't do nothing only to talk here and wait and see what will happen.

incomefromcoins

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Europe new plan will increase inflation and become one more Venezuela in the coming future. If they implement these kind of foolish plans

cellard

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Quote from: BitHodler on March 13, 2019, 05:52:29 AM

Quote from: Crypdon on March 11, 2019, 03:27:47 PM

Printing new money is the only thing they know when the economy tanks. This great strategy has destroyed the lives of many in venezuela who then turned to bitcoin Wink

Printing money is shit, but in this case it's not printing money that made Venezuela sink deep, but the greed and mismanagement of one single person. Maduro is an incompetent bastard that shouldn't be in that position.

Every country prints money, but the way you do it makes the difference. Based on how hard you suck as government, you try to compensate that by filling up the gaps you didn't manage to fill up because of your incompetence.

Admittedly, the sanctions against Venezuela make it more difficult to be competitive on the global market, but still, the way Venezuela is fucked up is only the result of the shitty government there and nothing else.

The main point is that there's no country that can be independent from the current fiat empires, if you do not comply with the US, you will need to be another giant yourself as China or Russia is, otherwise you have to ally yourself with any of the former. Venezuela happens to be within US's reach so they are fucked.

I don't think a leader in Venezuela could do much more than do as told by the US if they wanted to survive, such is life under empire pressure. In any case Maduro is probably not the brightest man out there, he's not an idiot tho, I've heard some interviews. It's on his speeches that he sounds like a total clown but that seems to be the style of those south american leaders.

Febo

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Quote from: sheenshane on March 09, 2019, 01:53:40 PM

There is a big reason behind why the UK is leaving the European Union. For me, the reason why the European Bank will print money is that the third world war three is coming.

If you believe the 2rd world war is coming then UK should leave Nato and not EU.

European central bank is printing euro same as is English central bank printing pounds. That is what they do for 100 of years and that is what they will do until they will exist.

BitHodler

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Quote from: Crypdon on March 11, 2019, 03:27:47 PM

Printing new money is the only thing they know when the economy tanks. This great strategy has destroyed the lives of many in venezuela who then turned to bitcoin Wink

Printing money is shit, but in this case it's not printing money that made Venezuela sink deep, but the greed and mismanagement of one single person. Maduro is an incompetent bastard that shouldn't be in that position.

Every country prints money, but the way you do it makes the difference. Based on how hard you suck as government, you try to compensate that by filling up the gaps you didn't manage to fill up because of your incompetence.

Admittedly, the sanctions against Venezuela make it more difficult to be competitive on the global market, but still, the way Venezuela is fucked up is only the result of the shitty government there and nothing else.

cellard

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Quote from: BuyBuyBitcoin on March 11, 2019, 08:27:45 PM

They have to come up with a solution soon..

Global Debt is $250 Trillion

https://medium.com/@lucidfunds/the-long-and-winding-road-to-10-million-bitcoin-4b1c83d26e5d

Quote

According to The Institute of International Finance (IIF), the total world debt is roughly estimated to be $247 trillion. By the 2018 year end, the total world wealth was estimated to be $317 trillion. But most significantly, total world debt increased 394% over the past 20 years, from $50 trillion to $247 trillion, while total world wealth increased 133% over the same period.

The money supply is already in the Quadrillions... think about that... only in fiat money does Quadrillion become possible. Where do we go when half a Quadrillion is the world debt?

I've read that article before by Tyler Jenks. That's the guy that expects sub $1000 prices before we bottom, and at the same time he predicts $10,000,000 long term. I would say this man is definitely of extremes. His hyperwave theory predicts a way to low price in my book, I don't see Bitcoin going below $1k, there's just too much of a bullish density before $1k. If we go below $1k im definitely going because we would be at delusional levels of bear.

As far as ECB I see interesting gold moves by Italy. 2008 was 10 years ago, we are due for another crisis and this time we'll have a very solid Bitcoin for these that don't want to be sitting in non-neutral to nation state assets.

orions.belt19

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Quote from: sheenshane on March 09, 2019, 01:53:40 PM

There is a big reason behind why the UK is leaving the European Union. For me, the reason why the European Bank will print money is that the third world war three is coming. Sooner and later, currencies will go down and the European bank is trying to save some profit because they needed to wage something.

The UK is leaving the union because of one of the biggest things to happen globally and we need to wait for it soon.

It's unlikely for them to declare world war three -- that's just absurd. You know how crazy it would be for you to declare world war at this age? There won't be any survivors if a war ensues due to all the nuclear weapons now. I'm betting the world would be just a bunch of craters once this happens. It won't be just guns and soldiers now. Right now, nuclear technology and weaponry is pretty much advanced.

Funny thing about Brexit is not every one is aware of it happening or the effects of it. The UK probably just wanted to isolate themselves. Then again, it could be a mistake on their part. There were some saying that the citizens had some regrets after voting out of the EU.

BuyBuyBitcoin

member

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Get Maximalist or Get Wrecked

They have to come up with a solution soon..

Global Debt is $250 Trillion

https://medium.com/@lucidfunds/the-long-and-winding-road-to-10-million-bitcoin-4b1c83d26e5d

Quote

According to The Institute of International Finance (IIF), the total world debt is roughly estimated to be $247 trillion. By the 2018 year end, the total world wealth was estimated to be $317 trillion. But most significantly, total world debt increased 394% over the past 20 years, from $50 trillion to $247 trillion, while total world wealth increased 133% over the same period.

The money supply is already in the Quadrillions... think about that... only in fiat money does Quadrillion become possible. Where do we go when half a Quadrillion is the world debt?

Crypdon

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Merit: 11

Printing new money is the only thing they know when the economy tanks. This great strategy has destroyed the lives of many in venezuela who then turned to bitcoin Wink

countryfree

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Your country may be your worst enemy

It's a new plan for the ECB because last year, after several years of quantitative easing (another form of printing money), they had tried to tighten the money supply, but that didn't worked as expected, so they're back to their old dirty habits. I guess a man like Trump would approve, but I can't help wondering how is this going to end?

Besides, regarding the future of the EU, here's an excellent article with plenty to worry about:

https://www.bloomberg.com/graphics/2019-italian-banks/

2 weeks ago, I drove from Timisoara (Romania) to Brastislava (Slovakia). I drove through 3 different countries, but it was one single country some 150 years ago. Countries come and go, it will be the same with the EU.

buwaytress

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Join the world-leading crypto sportsbook NOW!

Quote from: 1Referee on March 10, 2019, 02:16:28 PM

Quote from: buwaytress on March 09, 2019, 03:47:45 PM

Only problem is still the deep worry I do have for others close to me, and those who will continue to live on this planet long after I'm gone. Worse, this money printing will keep alleviating the problems, and keep delaying the solutions, for generations more to come.

What solutions are you exactly referring to? I don't think there is a solution to be honest. We have alternatives such as Bitcoin that will help us minimize our exposure to everything tied to the fiat system.

The majority of my wealth is locked in Bitcoin and it feels great. I would love to have the ratios be 90% Bitcoin and 10% fiat, but Bitcoin isn't mature enough for that allocation, but it will be eventually. The main point basically is that would fiat becoming worth less (beyond its current inflation point), it isn't really a problem for me with how my Bitcoin wealth continues to outperform fiat's diminishing purchasing power.

Well, there have been many discussions and there's always plenty of debate among the economists among the academics. They're generally along the lines of reducing debt (private and public), reducing exposure to debt, reducing inequality. Practical steps? For example, like in this 2012 IMF paper, " 100% reserve backing for deposits", money creation without debt creation... these are what could improve economies and people's lives quickly.

I'm all for Bitcoin too, mind you, but I spend a lot of my life and time with people for whom Bitcoin may never be a proper part of their lives. Probably not even for their children. It's nice to be in Bitcoin, absolutely, but it'd be great also if the system we have to live with first, gets a bit of medicine down its throat.

1Referee

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Quote from: buwaytress on March 09, 2019, 03:47:45 PM

Only problem is still the deep worry I do have for others close to me, and those who will continue to live on this planet long after I'm gone. Worse, this money printing will keep alleviating the problems, and keep delaying the solutions, for generations more to come.

What solutions are you exactly referring to? I don't think there is a solution to be honest. We have alternatives such as Bitcoin that will help us minimize our exposure to everything tied to the fiat system.

The majority of my wealth is locked in Bitcoin and it feels great. I would love to have the ratios be 90% Bitcoin and 10% fiat, but Bitcoin isn't mature enough for that allocation, but it will be eventually. The main point basically is that would fiat becoming worth less (beyond its current inflation point), it isn't really a problem for me with how my Bitcoin wealth continues to outperform fiat's diminishing purchasing power.

gentlemand

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Welt Am Draht

For a lark it's time a central bank experimented with air dropping money on its population. It would be very interesting to see what they did with it. The closest equivalent at present is I suppose the gambling payouts some tribes give their populations in the US. That doesn't sound like it's patched the wounds all that much but let's see if white devils have more fun with it.

buwaytress

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Along with the usual one-decade routine warning by economic experts that we're headed for another global economic crisis (like this Carney rhetoric here), fresh out of the most recent one that gave birth to Bitcoin, yeah, I'm going to have to say that I'm really glad to have started putting stuff away in Bitcoin!

Only problem is still the deep worry I do have for others close to me, and those who will continue to live on this planet long after I'm gone. Worse, this money printing will keep alleviating the problems, and keep delaying the solutions, for generations more to come.

Topic: Europe's new plan: to give more free money to banks (Read 428 times)