Printing money out of thin air is a big problem for our current society.

USBitcoinServices.Com

sr. member

Activity: 1666

Merit: 267

Earn bitcoins every hour, link below at signature.

Quote from: Subbir on February 15, 2020, 07:43:33 AM

It seems to me that paper money should stop printing paper money so as to remain faraway from the slavery of the people which is doing tons of injury to the worldwide economy but i do not think that's possible it's long dominated the market and therefore the banks have supported it. many of us feel that their transactions through FIAT are distant therein case paper money can't be stopped albeit it's a serious problem for the present society.

Just remember that everything starts will an idea in mind, in the same way, printing money started a long time ago as an idea to solve a necessity, that solution at this point in time is not efficient anymore, it might still be useful but not helping society to move to the next level!

A group of people supporting the idea of stoping printing money is needed, and everything will follow suite!

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

Quote from: akram143 on February 15, 2020, 01:07:48 PM

Quote from: ChiBitCTy on February 15, 2020, 09:21:22 AM

This article explains why during certain times printing significant amounts of money can make sense- https://www.investopedia.com/terms/q/quantitative-easing.asp

Still they are doing for their own benefits but a common citizen who is working as salaried person and saving a little portion every month will get affected greatly when government prints more money.70-80% of people from every country will fall under these category so they are supposed to sacrifice their asset values in order to keep track of their economic development?

Or I misunderstood your point!

No I think you straight up didn’t read those articles I posted which disprove your theory. Listen I am a crypto head like you guys, I think it’s fucking insanity the Federal Reserve of the US who controls the money supply is ran by non -elected officials and I think the current system is broke as fuck. BUT ..you can’t just stop and change over night. There are plenty of reasons countries won’t over print money aimlessly as it benefits no one.

The system is broke. Buy Bitcoin. But you’ve got to look deeper in to this. Sure it’s manipulation and not all of it’s in good faith by a long shot..but overall many of the measures taken are a necessary evil atm.

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

Quote from: ChiBitCTy on February 15, 2020, 09:21:22 AM

This article explains why during certain times printing significant amounts of money can make sense- https://www.investopedia.com/terms/q/quantitative-easing.asp

Still they are doing for their own benefits but a common citizen who is working as salaried person and saving a little portion every month will get affected greatly when government prints more money.70-80% of people from every country will fall under these category so they are supposed to sacrifice their asset values in order to keep track of their economic development?

Or I misunderstood your point!

Spendulus

legendary

Activity: 2926

Merit: 1386

Quote from: ChiBitCTy on February 15, 2020, 09:21:22 AM

There are reasons all central banks can print money “out of thin air” , but to think it’s done aimlessly and often is just not true.

Two articles you should read.

This one shows why central banks just don’t carelessly print more money whenever they feel like it ...

Of course not. They CAREFULLY print more money whenever they feel like it.

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

There are reasons all central banks can print money “out of thin air” , but to think it’s done aimlessly and often is just not true.

Two articles you should read.

This one shows why central banks just don’t carelessly print more money whenever they feel like it - https://www.thoughtco.com/why-not-just-print-more-money-1146304

This article explains why during certain times printing significant amounts of money can make sense- https://www.investopedia.com/terms/q/quantitative-easing.asp

20kevin20

legendary

Activity: 1134

Merit: 1598

Oh well, we can't do much, can we? This is a problem that's been persisting for a very long time and history didn't teach us shit.

But today's situation is far more different than 10, 20, 50 years ago. Today we're literally all covered in debt - every newborn US citizen is basically born with a +$70k debt. 5 years ago it was ~$59k.

Say the debt rose by approx. $10k in 5 years - that's $2k of debt you have to pay per year.

There's literally like no way to stop money printing without massive consequences. They need to generate new banknotes to continue doing what they're doing right now without making us feel a huge hammer hit from all the consequences there'll be if they stop the printing machine.

And that's why an upcoming recession will shake the markets and everyone's wealth in a very brutal way.

Subbir

full member

Activity: 798

Merit: 104

🎄 Allah is The Best Planner 🥀

It seems to me that paper money should stop printing paper money so as to remain faraway from the slavery of the people which is doing tons of injury to the worldwide economy but i do not think that's possible it's long dominated the market and therefore the banks have supported it. many of us feel that their transactions through FIAT are distant therein case paper money can't be stopped albeit it's a serious problem for the present society.

oleg8791

newbie

Activity: 48

Merit: 0

Quote from: KingScorpio on February 14, 2020, 07:23:27 AM

Quote from: charlesmichel1 on February 14, 2020, 05:47:37 AM

How to stop printing new fiat money? We don't have to do something. Just wait until the next financial crisis happens. 2008 recession didn't teach our government a thing. Situation will change if the collapse of financial system happens again.

fiat will never end, 1932 the owner ship of gold was forbidden for decades in the self proclaimed most liberal country in the world

Nowadays central banks in several countries have plans about launching national digital currencies. It's gonna to be digitalized form of fiducial money and will replace cash. In fact, CBDC is also fiat by its nature.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: charlesmichel1 on February 14, 2020, 05:47:37 AM

How to stop printing new fiat money? We don't have to do something. Just wait until the next financial crisis happens. 2008 recession didn't teach our government a thing. Situation will change if the collapse of financial system happens again.

fiat will never end, 1932 the owner ship of gold was forbidden for decades in the self proclaimed most liberal country in the world

charlesmichel1

jr. member

Activity: 147

Merit: 6

How to stop printing new fiat money? We don't have to do something. Just wait until the next financial crisis happens. 2008 recession didn't teach our government a thing. Situation will change if the collapse of financial system happens again.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: USBitcoinServices.Com on February 13, 2020, 05:56:10 PM

What does everyone here and out of this forum should be doing every day as little tasks from their own comfort zone, in order to stop this big problem?

I know that if people start speaking up, asking questions, asking for transparency to their social/public workers, meaning asking, verifying and controlling the people getting paid (governments) to do a job for citizens who pay them, then things can change quickly for the best interest of the people and society.

For sure if society demands governments to stop printing new FIAT money as they keep doing these days, soon society will be forced to use cryptocurrencies instead of FIAT money. We know FIAT money is not that fair if we compare it to cryptocurrencies. And FIAT money is doing a lot of harm to the global economy, keeping people in slavery.

What would be your suggestions, actions, guides, proposals?

printing money out of thin air is showing who is entitled with power, crypto is printing money out of thin air all the time. metalism is no answer for urban centers so good luck.

there is non real alternative, that is humane

BADecker

legendary

Activity: 3906

Merit: 1373

The money is required to be printed... but at least to be entered in the ledgers as though it had been printed. Why? Because of the birth certificate.

The birth certificate is a UCC-1 form. This form is a transfer of property. When you mother signed the birth certificate, she unknowingly transferred you, her property, to the government. Until you become an adult PLUS as an adult transfer the property back to yourself, government is maintaining you and your wealth in a trust position.

A big chunk of that helicopter money is yours. But if you don't take up ownership of yourself, government has to maintain the wealth for you (and everybody else). It's the law.

I don't believe everything that Ted Elden says, but here is his UCC-1 link - https://abodia.com/t/ucc/index.htm. Now, if he were the only one who were saying this, I would question it. But He isn't the only one. Here is another - http://stopthepirates.blogspot.com/. And I know of a third that I won't list.

However, Google "UCC-1" to see that there is more to this than you probably realized.

Cool

USBitcoinServices.Com

sr. member

Activity: 1666

Merit: 267

Earn bitcoins every hour, link below at signature.

What does everyone here and out of this forum should be doing every day as little tasks from their own comfort zone, in order to stop this big problem?

I know that if people start speaking up, asking questions, asking for transparency to their social/public workers, meaning asking, verifying and controlling the people getting paid (governments) to do a job for citizens who pay them, then things can change quickly for the best interest of the people and society.

For sure if society demands governments to stop printing new FIAT money as they keep doing these days, soon society will be forced to use cryptocurrencies instead of FIAT money. We know FIAT money is not that fair if we compare it to cryptocurrencies. And FIAT money is doing a lot of harm to the global economy, keeping people in slavery.

What would be your suggestions, actions, guides, proposals?

Topic: Printing money out of thin air is a big problem for our current society. (Read 157 times)