The Continuous Printing of Money - page 3.

Gaff

hero member

Activity: 924

Merit: 502

Quote from: ecnalubma on May 28, 2019, 08:25:44 PM

Well many countries might be doing that secretly printing money but the long term effect is very disastrous. Money is corrupted for centuries, physically its its not enough and needs transparency. We've been fooled before we exist, monetary systems need to be revised unless if the government is concerned about the issue.

Really? If they're doing it secretly without transparency to the people , then the government have to take actions if there's subjections to towards financial conflict. I think there's a regulation on printing money, and I don't believe that these people doing it cannot be traced if such. If there's a continuos printing, it must be within controlled by the central bank of a certain country and it should be based on their financial capability to produced paper money to be circulated for global exchange. Same with crypto, some project we'rent able to be circulated to the market when there's no enough funds to shoulder the entire trading transactions because of capability issues.

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

Well many countries might be doing that secretly printing money but the long term effect is very disastrous. Money is corrupted for centuries, physically its its not enough and needs transparency. We've been fooled before we exist, monetary systems need to be revised unless if the government is concerned about the issue.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

The economy where they constantly print money will always have inflation problems, in Venezuela it will always have that kind of problems because the economy is a total disaster, it does not matter if they continue printing or not, the problem has no solution.
In Argentina inflation is happening that can be redeemed, but the pertinent investments must be made so that it does not go to the floor like Venezuela's economy.

It should be noted that no economist has ever contemplated the scenario of events that Venezuela has, it escapes from the hands and the solutions that could have been studied, it is simply madness.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: fiulpro on May 21, 2019, 04:31:42 AM

Doubling the money would directly double up the prices , it means if you used to have x amount of money and now you have 2x and if you wanted to buy a new house and it's value was x before it will now be 2x , so in both cases you have nothing at last , now the bad part is the price , price in case 1 could be controlled and can go down but since inflation is on in case two the price will of course go up and will cause a lot of loss .

We aren't solving any problem we are just adding another that is inflation to it.

If you double the amount of currency in a system the prices can go even higher than that, this may seem odd but it is not, if people have gotten used to the idea that their central bank will keep printing money then once they double the money supply the price of everything will go higher than that since people are now expecting the printing to continue, no only that a supply of money that is expanding so quickly is bad for the economy and will eventually damage it creating a scarcity of products and driving their prices to even higher levels.

betty11

copper member

Activity: 448

Merit: 3

Government that does nothing but to collect tax from the people to meet expenses, when the tax is not enough, they simply borrow to finance budget, and they keep printing more money with plans to pay back (they don't pay back in the real sense, because they are going to borrow), why not run a better economic? they prefer the economic slavery policy. Look at Zimbabwe today, fiat has failed there.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: sheenshane on May 26, 2019, 03:44:08 PM

I can tell that a moment will come where the Venezuelan will cry out loud and will regret its decision of printing more money from a central bank. I don't really understand or are they lacking financial and economic education?

I think it's a combination of ignorance in the economics field, and greed. Some governments choose the easiest way out, which is to keep printing money to fill up gaps, but with how poorly lead their economies are, there are too many gaps to fill. For every gap you fill there are a few other gaps that also need to be filled, and this endless cycle will absolutely trash the value of your fiat currency.

It's like you are trying to fill up a bucket with water while there is a hole in the bottom of the bucket. No matter how often you try to fill the bucket, it always ends up empty.

Quote from: sheenshane on May 26, 2019, 03:44:08 PM

I can also tell that there will be a moment where the people will blame themselves by not going to school and take education.

The situation there is hard to fathom for most westerners. These people have different priorities due to the poor circumstances they live in. Their main priority is to have food on the table, which requires even the youngest in the family to collect plastic or paper to earn a few bucks.

Carreuh

full member

Activity: 560

Merit: 101

Printing that will continually cause inflation in countries that do excessive printing of money, maybe in that country money will be worthless again so that all expensive prices become expensive and this will create chaos in the state itself starting from economic, social, political and so, therefore, excessive printing of money makes the country more and more left behind

adamlillian

member

Activity: 459

Merit: 10

This is really a big problem and an example for other countries to follow. Venezuela actually made a very wrong policy and they paid the price. I really feel so sorry for the people of Venezuela. they have to migrate to other countries and some stay behind to live in riots. This is truly a memorable event in history.

tonyvo2017

member

Activity: 526

Merit: 10

Lifestyle & Wellness Platform

Yes, and Venezuela is one of the best examples. But it seems that the world knows how to fight inflation. they will invest all their money into Crypto or gold. This is one of the great ways to be able to make a profit for them despite the country's economy being degraded.
If this is a trend, we will easily see the price of altcoins growing strongly in the future! This is really a great effect.

XFlowZion

full member

Activity: 392

Merit: 100

Quote from: wahyu wida on May 26, 2019, 12:44:42 AM

Quote from: FlightyPouch on May 25, 2019, 05:59:30 PM

Quote from: Daniwahyu007 on May 24, 2019, 01:26:39 AM

it's true that printing money is not an easy matter that can cause problems, of course this might have to be considered because their politicians are very cunning and greedy. for that the government is better off adopting crypto with a supply that is clear and cannot be multiplied

Well, we can't stop the government. All I know is that they are printing money based on the number they needed. If they will be printing money, as far as I know, the value of that currency will go down hence inflation will happen. I don't think the government will even consider btc or any other crpyto currency to use, they will never control it and people will be able to transact money without them knowing and they don't want that too.

to print money does not have anything to do with bitcoin or cryptocurrency as a consideration. but it does have to have gold reserves. with continuous money printing, it will certainly cause inflation, so the value of the money becomes more worthless to buy an item

I disagree because cryptocurrency exists for that reason. To be an alternative currency for those countries who always abuse their powers in their government. Even a 1st world country like US can still be in chaos when just one of their future leaders becomes greedy. Decentralization is the best because power sometimes can really make you uncontrollable.

Dreamchaser21

full member

Activity: 686

Merit: 108

Quote from: cok_elat on May 25, 2019, 11:53:49 PM

if the financial coming worse and solved by printing with more money, it is a very bad decision because it will worsen the situation. More money will make the value of money decreasing

It can also make the inflation more worst if the government continues to print money. Continuous printing is bad at all, they can’t do that everyday and because of this cryptocurrency are more expensive than the fiat money because of the limited supply.

sheenshane

legendary

Activity: 2492

Merit: 1232

I can tell that a moment will come where the Venezuelan will cry out loud and will regret its decision of printing more money from a central bank. I don't really understand or are they lacking financial and economic education?

Did they elect and chose uneducated people to become their executives and President? I can find them poor with this. Even if I don't live in Venezuela, I can feel the hurting feeling as some of their people does not even know what's happening. I can also tell that there will be a moment where the people will blame themselves by not going to school and take education.

izanagi narukami

legendary

Activity: 2030

Merit: 1028

Inflation also make me think hard to make another investment that profitable and less risk.
Crypto become the answer and for some how, it's really proven profitable although most crypto have the volatile risk.

So what to stay away from inflation ?
Invest is the best way, not just save it into the bank !

wahyu wida

full member

Activity: 826

Merit: 100

Quote from: FlightyPouch on May 25, 2019, 05:59:30 PM

Quote from: Daniwahyu007 on May 24, 2019, 01:26:39 AM

it's true that printing money is not an easy matter that can cause problems, of course this might have to be considered because their politicians are very cunning and greedy. for that the government is better off adopting crypto with a supply that is clear and cannot be multiplied

Well, we can't stop the government. All I know is that they are printing money based on the number they needed. If they will be printing money, as far as I know, the value of that currency will go down hence inflation will happen. I don't think the government will even consider btc or any other crpyto currency to use, they will never control it and people will be able to transact money without them knowing and they don't want that too.

to print money does not have anything to do with bitcoin or cryptocurrency as a consideration. but it does have to have gold reserves. with continuous money printing, it will certainly cause inflation, so the value of the money becomes more worthless to buy an item

cok_elat

full member

Activity: 314

Merit: 100

if the financial coming worse and solved by printing with more money, it is a very bad decision because it will worsen the situation. More money will make the value of money decreasing

FlightyPouch

sr. member

Activity: 1638

Merit: 300

Quote from: Daniwahyu007 on May 24, 2019, 01:26:39 AM

it's true that printing money is not an easy matter that can cause problems, of course this might have to be considered because their politicians are very cunning and greedy. for that the government is better off adopting crypto with a supply that is clear and cannot be multiplied

Well, we can't stop the government. All I know is that they are printing money based on the number they needed. If they will be printing money, as far as I know, the value of that currency will go down hence inflation will happen. I don't think the government will even consider btc or any other crpyto currency to use, they will never control it and people will be able to transact money without them knowing and they don't want that too.

engrshu

full member

Activity: 406

Merit: 100

Quote from: CryptoBry on May 21, 2019, 02:58:39 AM

When your economy is not doing well, the inflation is beyond control and the people are demanding for changes...what will you do? Of course, you will print billions and billions of paper money so you have the budget for anything you want and to solve many monetary problems your country is facing today and into the future. Now to make things spiced up and politically correct, you are going to call the printing of more money as "quantitative easing" a term pregnant with many possibilities, opportunities and threats depending on which of the equation you are located.

In an interesting article, the author likened this quantitative easing to an additive drug even more potent than the usual marijuana or cocaine you can buy on the street. And now, politicians and bureaucrat are getting addictive into it as their easy fix to solve myriad of problems.

Further Read: https://news.bitcoin.com/after-trillions-printed-under-qe-politicians-now-say-deficits-dont-matter/

We all know that eventually, printing of more money can result into disaster in the long-run. This is not like a chili pepper hot sauce that can immediately be felt but definitely this is like pawning the very future of the people.

That is why printing lots of money is not actually a solution but rather a continuous problem that they are keeping. As the number of printed money increases its value then is decreases, so technically they're just printing bunch of papers that they cannot use cuz for its smaller value.

Kimonoe

member

Activity: 700

Merit: 10

Quote from: Itsmylife on May 24, 2019, 04:53:47 AM

Quote from: Thanasis on May 22, 2019, 12:46:40 AM

But we still trusting those paper money and running for it all of our life,when it going to change. Huh

EVen if we are earnig more and more money we will go into the debts again because our governments will print more money,so pathetic.We have the solution already but we made the bitcoin into asset rather than using as currency.

In real live, printing too many banknotes would lead the economy to inflation( Venezuela is an example. And Cryptocurrencies too, but this thing happens in a small range, what we call is dump to the dip Cheesy

Severe inflation like in Venezuela exemplifies the worst inflation, where money has no value anymore. so they switch to using cryptocurrency. if the price of bitcoin rises high, economic recovery may soon be gained

dimonstration

hero member

Activity: 2716

Merit: 698

Dimon69

Quote from: Indrawan77 on May 23, 2019, 08:24:51 AM

When inflation happened, its not wise to keep on printing the money, it will makes the situation become worse and the money will lose more value, the government need to think other idea to save the country maybe by loaning or selling some assets, printing money is not a solution look at Venezuela that become worse and worse

I remember reading articles on how Venezuela suffer in hyperinflation that they even call their currency worthless that they make those printed money into bags since it will be hard to purchase goods due to high inflation Velenzuela experience.

Itsmylife

sr. member

Activity: 1002

Merit: 250

Quote from: Thanasis on May 22, 2019, 12:46:40 AM

But we still trusting those paper money and running for it all of our life,when it going to change. Huh

EVen if we are earnig more and more money we will go into the debts again because our governments will print more money,so pathetic.We have the solution already but we made the bitcoin into asset rather than using as currency.

In real live, printing too many banknotes would lead the economy to inflation( Venezuela is an example. And Cryptocurrencies too, but this thing happens in a small range, what we call is dump to the dip Cheesy

Topic: The Continuous Printing of Money - page 3. (Read 1252 times)