Money printing about Australia - page 2.

Latviand

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Quote from: Darker45 on August 31, 2020, 12:03:12 AM

Of course, you were right all along. Money printing is happening all over the world, not just in Australia.

The more challenging question during these pandemic months is not which country is printing more and more money out of thin air but which country isn't.

Money printing can cause inflation that's why they should regulate it properly so that it doesn't cause another economic issues. Some governments are printing a lot of money so that they can somehow regulate their economy and the market properly but mostly it didn't went that way. Some are just experiencing inflation due to uncontrolled printing of money that causes the demand to increase which is not good for those businesses and the country.

hugeblack

legendary

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What is the new point you want to add? The last update of that quote has been since the 14th of last month. We also know that many countries are deliberately printing more money to stimulate the economy, but the most important question is the extent of the impact of financial reforms packages on the future economic crisis?

The complete closure due to Covid-19 imposed a new equation, and therefore solutions that can be considered bad may be beneficial and vice versa, no one knows the extent of the impact that will occur in the future, but if you want to risk, BTC may be a good option.

samcrypto

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Many big countries already announce that they will print more money to help survive the economy and use it for the response on Covid-19 but I don’t see on the article that AU will also print more money.

Printing more money can affect the economy as well, every country knows this so I don’t think they will do it without a proper plan. Many countries print their own money almost daily just to reach their target volume so this is not new anymore the only difference here is the volume that they will print that matters.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Darker45 on August 31, 2020, 12:03:12 AM

Of course, you were right all along. Money printing is happening all over the world, not just in Australia.

The more challenging question during these pandemic months is not which country is printing more and more money out of thin air but which country isn't.

In times when the economy is falling hard and the demand to spend is rising high, where are you going to get the money? How would you be able to support the spending demand if the economy is not producing anything? Of course, by printing money out of thin air. And this not just very much acceptable but also an integral feature of the current financial and monetary systems.

Agreed, money printing is out of control not only in Australia but all over the world so this is not a difficult prediction, what I wonder is how long this can maintained? How long can countries around the world pull the same trick over and over again and people still be dumbfounded about it? When will people realize that while they work really hard to get their money the government and banks can just print more of it out of thin air and they can use it and it has the same value as the money they earned.

avikz

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Quote from: Polo7 on August 30, 2020, 04:53:39 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.

I don't see any mention of printing money in the article of KPMG. May be I have missed it so can you please quote the statement which says Australian treasury is printing billions and billions of AUD?

Little bit of money printing is ongoing worldwide and not limited to Australia. However, all central banks are super cautions about it because they have seen live examples like Zimbabwe or Venezuela in recent past. Proving additional liquidity doesn't always mean printing of money. It also means access to cheaper bank loans, reduced interest rates and providing relief to the businesses in forms of tax cut or loan moratorium.

I believe, no government would do such stupidity of printing billions of dollars to safeguard the economy. Because it will then have a negative impact on the value of their currency.

Harlot

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Uhmm at which part of that Stimulus announcement mentioned that Australia will be printing more money as there response to the COVID-19 pandemic? Because from how I understand the addition 66.1$ AUD will be coming from the reserve bank of Australia and not from printing it. TBH if Australia thinks that they will be helping the economy through printing more money they are actually gonna worsen the situation of their economy if they did that as printing more money is never a solution to any financial crisis. If you think that this will boost some kind of adoption for Bitcoin then think again, the price against AUD might go up but it will just be from inflation and not actual demand for Bitcoin.

alihrphrp

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Quote from: Polo7 on August 30, 2020, 04:53:39 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 hireacar.pk/rent-a-car-islamabad

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.

Interestingly no one has replied to your post.

Darker45

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Of course, you were right all along. Money printing is happening all over the world, not just in Australia.

The more challenging question during these pandemic months is not which country is printing more and more money out of thin air but which country isn't.

In times when the economy is falling hard and the demand to spend is rising high, where are you going to get the money? How would you be able to support the spending demand if the economy is not producing anything? Of course, by printing money out of thin air. And this not just very much acceptable but also an integral feature of the current financial and monetary systems.

Polo7

jr. member

Activity: 392

Merit: 7

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.

Topic: Money printing about Australia - page 2. (Read 294 times)