Topic: The production of money... is SCAM! (Read 4516 times)

Well, I don't see the creation of the idea of money to be a scam but rather a way to keep order in the exchange of goods and services among traders or people. Money was designed to serve as a measuring instrument for the value of things in ones possession.

In reality we control nothing, we just follow their rules. This isn't problem, problem is that we can't unite and there are always selfish people. Also another biggest problem is education, masses are uneducated and they decide our future, that's very sad. A lot of people fall in blind words of what politicians say. This is the world we created and the product of what we become. So as a result we get politicians who don't care about people but only on their pockets.
Fiat is a great way of making money out of thin air and the most hilarious thing is that we have to pay for their debts.

Coins can be used either directly or by direct backing (ie. the original notes were gold backed) but there is no perfect system, the point is the current FIAT operations have clearly been compromised by politics.    We have negative rates now, if that isnt an alarm bell for you then we are never likely to wake up before we hit the water and get a cold sharp shock of reality.    The central banks have not devised a way to defy gravity, we're going to go lose what we gained go down where we went up.       Issac Newton famously had a part in establishing laws of gravity, not as many people know he also had a part in the original gold standard.   I respect him on both fronts, I do not respect the modern measures and innovations will not benefit us or last as long as hundreds of years.   We are going to see failure and reversal and some how it will be for the benefit of mankind and business done but also its going to upset us all short term

A Central bank backed by a government, by a military can do whatever they like.    The point is whether it will fly, can be forced to stay up indefinitely and the actions taken in the last decade cannot continue even by force.   If various dictators could not force monetary policy while killing tens of millions of their own citizens then I dont see how any current big government can do any better and I would hope at some point they will stop the force not try to repeat its mistakes.    There is no productive gain from QE, it undermines business and society in the end.   If the central banks could follow their own rules, they would reverse and end QE programs so all debt created was reversed and paid off but they cannot do it.   The net sum of QE and central bank policy is negative and this is true by their own admission.   Politics says it is all necessary and in end we have no choice, competitive capitalism would say business will always favor the better more efficient system and that is what I expect to happen.   Like the flow of a river, we will find a more natural path then the diktat of politics.
  
  The laws of economics are not man made, this is the bottom line where I possibly disagree with everyone else on this topic but everything I know as true is about natural phenomena of which human society is a part, not an absolute determiner.

https://mises.org/library/inflation-and-fall-roman-empire

I completely agree with you, because we cannot use gold, silver and copper coins at the current level of civilization development.  In addition, the story has already learned about fraud, when they sawed off pieces of coins, making them easier.  And paper money is very clearly solve this problem.

No, we can not say that printing paper money in the state is a scam. This is absolutely normal for any economy and any state. If it is economically justified and there is no abuse by the government, then it contributes to its economic growth. Banknotes wear out and require replacement in a period of from one to seven years depending on the nominal value. In addition, central banks have the right to print paper money in the amount of an increase in national gross income. So this is not a scam, it is the laws of economics.

Basically there are 2 ways to steal money from the people

1) Taxes
2) Depreciating people's money

Nr. 1 is made by the Govs
Nr. 2 is made by the central banks (currency production --> currency depreciation)

Nr. 2 is much more painless, so it is the preferred way of the Govs, as the mass media have succeeded to convince us that inflation is normal.

A national currency, like the national symbols of any country, must exist.  Each government administers its country according to a predetermined plan within the clear framework of the law.  Money that has good value at the international level is not only an image for the country, but also for the good life of citizens.  There is nothing wrong with printing money if it is not counterfeiters or not money that is issued in more quantities than the gold reserves of the country allow.

Money is not the problem you're having, it's the government. They are the ones who tries to ruin everything. Any country with a bad government is doomed, unless they find a way to remove the bad people from seat, if not they will keep on facing the same problems. That's the kind of problem that developing countries are having, most of their leaders are full time criminals who keeps stealing from their countries and sending them overseas and ruining the countries economy, creating high rate of poverty. So yes, the leaders are the problems we are having. If the people will grow to stand against every bad leader, then things will get better. But if you keep on pretending that fiat is the problem you have, then you should know that cryptocurrency is money as well and should be considered worst than the fiat.

Yeah, the bad thing about fiat currencies is that the supply is unlimited and can be printed at will.

That's why people are flocking to Bitcoin and other cryptocurrencies because they are limited in how much that can be issued.

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Thats right, it is the authority of the government, and of course they have calculated it carefully, it is not possible for them to print money without calculation, it can actually make their currencies worthless. printing money is not a scam, it is to maintain economic stability in that country

If there is a problem regarding printed money, it means that gold and silver coins should be minted.  As it was in the old days.  If you have gold or silver coins in your pocket, then you have not just paper, as it is now, but real value. 

I need something about the money that the money will not be printed by any country or any other government are the World bank is only printed out by the private that is the shocking thing that the money will not been owned by any government or any country

We are always very hard on the state.  Most likely, it is officials who do more harm than the state itself.  No one is against driving on good roads, living in safety and receiving social guarantees.  and much more that is funded by the state.  Of course, the state wallet exists from the taxpayers' funds, but nevertheless, for most, such a system is more than suitable. 

Yes, freely creating money out of thin air (and loaning it at debt I believe to the banks), very corrupt. What do you think will happen?

On a slightly different note, fiat currency doesn't have a good track record in history. What do you think will happen to the USD and other world fiat currencies?

Have a good day,
The Cyberius team.

 

People must go back in the woods. Hunt pigs, take figs, fruits etc.. from forest and mountains.

yeah i always think that the production of money is scam and it leads into fluctuation and i dont know the good reasons of making more money. I do believe the more money in market means the less value of the money is, which is means the poorer the citizens whom hold the money.

Please read back what I wrote, I give the statement that printing money is the right of the country concerned, does not mean I support it.

then what is your comment with my statement? it looks like you are just repeating what I said  

I also do not call it a SCAM, but it would be very dangerous if the currency printing was done without a careful calculation from the economic experts of a country.

Ben is correct so long as they reverse QE then it would have been all ok.   Strict book keeping is fine, Keynes had this system but they ignored it.

This is also in simple terms why many consider the use of credit cards to be detrimental to your finances.   It doesnt have to be true but in the vast majority, credit cards are such a profitable business for the banks because normal people make so many mistakes when given 'new' money.  
    Same deal applies to QE, expansion on the monetary base on this scale is extremely dangerous because its nearly impossible to reverse without creating a large gap in the budget from reversal and cancellation of the QE bonds.   If the bonds are never reversed then it was newly printed money gifted to those nearest and dearest to the government such as banks who as primary dealers then store large amounts of debt as security.    Its a house of cards with both sides relying on each other


The deal with Keynes was to run a surplus in a positive GDP situation.   Fiscal budgets are not in surplus nor many other spending programs.    QE would be stated as a failure but those words alone could cause a recession, so will never be said similar to how a bank run starts silently.

It was expected from the banks as whenever they need money they just take loans from the central banks and the central bank is responsible for printing more money. I get it printing more money does need a lot of permissions and a lot of things but that is rude. They are literally putting their burden on everyone in the country. By loading the scarcity of the value of money and printing more money means increasing each and every value on the market products. This is a big scam.

Devalues the currency for everyone else so it was a loss on taxpayers.  If people continue to worship the dollar like it has actual value this will continue.  If everyone rose up and stopped using fiat money it would send a very real message to the government.