Money printing about Australia | Bitcointalksearch.org

Kakmakr

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Why are you opening another thread with the same topic? See here ----> https://bitcointalksearch.org/topic/australia-will-join-money-printers-soon-good-for-btc-5267515

I would suggest that you close the previous thread and keep this one open for the discussion.. because it serve no purpose to have both threads.

Now back to the discussion... Australia is part of the global economy now and the recent trend in global finance is for governments to stimulate their economy with a injection of fiat cash. (or otherwise known as Toilet paper money)

Governments do not know what else to do to keep the house of cards from collapsing... the Covid-19 pandemic bumped against the table, so they are putting more cards on the house to make it look that it is more stable. Tongue

Kong Hey Pakboy

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Quote from: mariah.sadio on September 04, 2020, 10:15:59 AM

Every country is printing money in these hard days, 2021 will be the year of inflation

Indeed. Printing money doesn't increase economic status. It will only increase the amount of money circulating in one economy because consumers can demand more goods. But the same number of goods will have high prices, and it will only cause inflation that will happen in the year 2021 because not only Australia is printing money today.

South Park

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Quote from: Hydrogen on September 10, 2020, 07:58:22 PM

AFAIK the main issue with inflation is it having been redefined decades ago, to illustrate a prettier picture of the economy than what facts might reveal. The federal reserve often reports an inflation rate of 3%. Using the old definition of inflation the real rate of inflation would be closer to 10%. These numbers can be important as they represent how much a person's savings must appreciate in value in order to avoid depreciation.

They're also important in terms of wage devaluation. The EU has a standard whereby worker wages are compared to inflation to retain some semblance of wage equality. I wouldn't view their system as representing a gold standard but its much better than how the united states does things.

Inflation is often utilized as a means of wealth redistribution. It conceals and masks how larger proportions of income are often distributed to top earners at the expense of lower income brackets.

They have to deceive people this is why inflation was redefined long time ago, however while the definition may have changed people can make a simple exercise that will reveal the true inflation in a country, do you remember what was the price of a product years ago? If you can then compare it to the current price of the same product and you will get a rough idea of the true inflation during that period and not surprisingly I find out that your observation of inflation being closer to 10% is correct.

Hydrogen

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AFAIK the main issue with inflation is it having been redefined decades ago, to illustrate a prettier picture of the economy than what facts might reveal. The federal reserve often reports an inflation rate of 3%. Using the old definition of inflation the real rate of inflation would be closer to 10%. These numbers can be important as they represent how much a person's savings must appreciate in value in order to avoid depreciation.

They're also important in terms of wage devaluation. The EU has a standard whereby worker wages are compared to inflation to retain some semblance of wage equality. I wouldn't view their system as representing a gold standard but its much better than how the united states does things.

Inflation is often utilized as a means of wealth redistribution. It conceals and masks how larger proportions of income are often distributed to top earners at the expense of lower income brackets.

0verseer

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Quote from: Shasha80 on September 06, 2020, 07:21:00 AM

Many countries have taken steps to save the economy by printing money. So it is not only Australia that does money printing,
even big countries like Japan and the US do it in large quantities. If they are not careful, the money printing policy will have
bad effects in the future, the possibility of hyper inflation as happened in Venezuela.

Money printing doesn't really that bad if you are in the government's shoes. The government needs to release the simulate package to help people recover and get back to business or at least, can stay afloat with the aid package. Bank's interest rate also got reduced to simulate people to take a loan and they also the one receive the aid packages from the government as well. With many expecters forecast that the world's economy is in decline and GDP contraction, inflation is the last thing on your mind when there is a way to help your country's economy patch up to recovery.

abhiseshakana

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Quote from: South Park on September 05, 2020, 03:01:25 PM

I really doubt that we are going to be that lucky and my reasoning for this is that even after all of that money that has been printed out of nowhere the economy is still suffering, unemployment is still sky high, businesses are closing, and even if the stock market recovered we know that recovery is false and we are probably bound to see another crash and I do not know if at that time the governments will have the money to save all of those that have made bad bets.

I don't understand whether printing money in Australia is right on target or not. In my country, even though the government has printed money, the money cannot be absorbed by the public, because commercial banks do not want to distribute credit in a situation like this with the potential for bad credit.

The Australian Central Bank certainly wants to boost the economy by expanding loan facilities to support household expenditures which make a major contribution to the turnover of the Australian economy. Australia is one of the countries experiencing a recession after its GDP fell 7% in Q2. As happened in many countries, the lockdown has also had a negative impact on the economy of a country as prudent as Australia, which was previously free from the impact of the 1998 Asian economic crisis and the 2008 subprime mortgage. All parties currently continue to question how quickly businesses can bounce back after the health crisis, due to controlled Covid-19 which allows business activities to be resumed. Economic growth is predicted to start in Q3 . However, the impact of Covid-19 is sure to cast a long and drawn-out shadow on the global economy and Australia's recovery.

Shasha80

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Many countries have taken steps to save the economy by printing money. So it is not only Australia that does money printing,
even big countries like Japan and the US do it in large quantities. If they are not careful, the money printing policy will have
bad effects in the future, the possibility of hyper inflation as happened in Venezuela.

eaLiTy

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Quote from: Polo7 on August 30, 2020, 05:53:39 PM

I was Right about it Again

Au Money printing..... Prrrrr
So anyone Want to argue with. Me about economy More?? I Think no point!
I Can Even predict what Will be happening next year.

It is not a big surprise that many countries are printing money to maintain their economy, US printed out trillions and now Australia and many countries will follow that path and the purpose is to have a flow of money in the market and the problem that we will encounter is that if they are not careful the chances of inflation and a major crisis will be inevitable. I will be surprised if the world economy does not go into depression in the next 2 years.

verita1

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Australia could recover its economy quickly the after COVID19. I am amazed how it managed to contain the pandemic in the country. Everything was possible because of the discipline of its citizens. As for the economy, Australia has created a recovery plan at all levels with aspirations of obtaining good results. It would be ideal if all the countries of the world were sharing the decrease in Covid19 infections like Australia. The economic future would be more encouraging.

South Park

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Quote from: BrewMaster on September 03, 2020, 12:12:47 PM

Quote from: Polo7 on September 03, 2020, 08:37:04 AM

next year we will see alot economic growth

are you sure you mean "growth"? and compared to when? the peak of the pandemic when everything is shut down? that would be obvious. but compared to pre pandemic, not at all.
with the way the governments have been printing money for about 9 months now (good job predicting it 8 months after they began haha) we would be lucky if we don't see a crisis.

I really doubt that we are going to be that lucky and my reasoning for this is that even after all of that money that has been printed out of nowhere the economy is still suffering, unemployment is still sky high, businesses are closing, and even if the stock market recovered we know that recovery is false and we are probably bound to see another crash and I do not know if at that time the governments will have the money to save all of those that have made bad bets.

mariah.sadio

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Every country is printing money in these hard days, 2021 will be the year of inflation

sabbir2world

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The future depends on a lot of factors. Yeah excessive money printing will not shape our future like the way we'd want or like. But this pandemic forced governments to do a lot of things. 2021 shall be the year to witness the outcome!

AicecreaME

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Majority of the countries admitted that they are really printing money out of thin air to use for addressing the covid-19 pandemic. And yes, certainly it isn’t just Australia that’s doing it.

It was on the news on the months of June and July that America has been printing money in order to oppose the economic effects of the pandemic. Basically, these countries including Australia, has been printing money to be used by their government to buy bonds from some institutions. Their aim is to lower the interest rates from debts and loans so that the business enterprises will borrow money to expand and improve their establishments, and for the citizens to spend more. During this process, they are expecting to revive and see an economic growth.

It was said on the article I’ve read that there isn’t a need to worry about hyperinflation since their inflation is low and stable as of the moment. However, quantitative easing shouldn’t be used for a long time and must be really regulated. Otherwise, the country’s economy will just worsen. Its purpose should only be for emergency and should be controlled. For sure Australia don’t want their currency’s value to go down the track like both countries you’ve mentioned.

Baofeng

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Quote from: Polo7 on September 03, 2020, 08:37:04 AM

Quote from: LogitechMouse on September 03, 2020, 06:30:05 AM

This is expected already LOLS.
Please share your prediction for the next year

U.S started it and now other countries including Australia are doing it for their economy to be saved. Your'e affected by the QE that the government has been doing?? Better hedge and invest your fiat money to different assets.

next year we will see alot economic growth

Isn't it that's what every country is aiming for? at least so see some significant gains but because of the pandemic (and I believed it will continue till 2021), it will be difficult to recover. There might be small %, but I don't see it as economic growth. As for Australia printing money? That's what the equal response of nation today, so it's pretty obvious by now.

fiulpro

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Quote from: Polo7 on August 30, 2020, 05:53:39 PM

I was Right about it Again

Au Money printing..... Prrrrr
https://home.kpmg/xx/en/home/insights/2020/04/australia-government-and-institution-measures-in-response-to-covid.html

https://bitcointalk.org/index.php?topic=5267515.20

So anyone Want to argue with. Me about economy More?? I Think no point!

I Can Even predict what Will be happening next year.

Why wouldn't have you been right ?

-Australia was devastated from natural causes long before COVID-19 came

- The cases are far better as compared to other countries

- Just 2 days before one of the biggest performers in the market did suffer a huge dump in the value

Quote

https://economictimes.indiatimes.com/news/international/business/australias-economy-takes-sharpest-dive-since-the-1930s/articleshow/77883865.cms

Even though we wouldn't have had this news still there would still have been cases of money being printed , not just there but in every country around the world , its a pandemic that we are facing that's normal.

BrewMaster

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Quote from: Polo7 on September 03, 2020, 08:37:04 AM

next year we will see alot economic growth

are you sure you mean "growth"? and compared to when? the peak of the pandemic when everything is shut down? that would be obvious. but compared to pre pandemic, not at all.
with the way the governments have been printing money for about 9 months now (good job predicting it 8 months after they began haha) we would be lucky if we don't see a crisis.

Polo7

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Quote from: LogitechMouse on September 03, 2020, 06:30:05 AM

This is expected already LOLS.
Please share your prediction for the next year

U.S started it and now other countries including Australia are doing it for their economy to be saved. Your'e affected by the QE that the government has been doing?? Better hedge and invest your fiat money to different assets.

next year we will see alot economic growth

LogitechMouse

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This is expected already LOLS.
Please share your prediction for the next year

U.S started it and now other countries including Australia are doing it for their economy to be saved. Your'e affected by the QE that the government has been doing?? Better hedge and invest your fiat money to different assets.

Polo7

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Quote from: tbterryboy on September 02, 2020, 12:24:32 PM

Anyone knows who this polo7 guy is? He keeps starting up topics all around the forum and he writes in a very bad English about silly stuff that doesn't really warrant a new topic, and even if lets say it does, he keeps doing that over and over again, I do not understand what could be the point of what he is doing, is it more personal approach type of thing? Is it some sort of gain from having too many topics?

Nobody gives merit to him neither so there is no gain from it so I do not know what his point is. I guess the best case could be starting out a brand, could be a bad brand but some people like that over no attention at all. I hope that one day he will stop, this is getting a bit annoying, Australia printing money is not a topic, it is something everyone else does as well.

i share my knowledge first i proof then i ask money thats what it is

tbterryboy

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Anyone knows who this polo7 guy is? He keeps starting up topics all around the forum and he writes in a very bad English about silly stuff that doesn't really warrant a new topic, and even if lets say it does, he keeps doing that over and over again, I do not understand what could be the point of what he is doing, is it more personal approach type of thing? Is it some sort of gain from having too many topics?

Nobody gives merit to him neither so there is no gain from it so I do not know what his point is. I guess the best case could be starting out a brand, could be a bad brand but some people like that over no attention at all. I hope that one day he will stop, this is getting a bit annoying, Australia printing money is not a topic, it is something everyone else does as well.

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