Topic: The production of money... is SCAM! - page 3. (Read 4516 times)

We are just believing that government is the most reliable institution when it comes in safeguards but that is really wrong in my perspective. According to political scienve people as well as the pragmatic people, government officials are corrupted. So, basically they are the scammers and printing of money is just a tool for them to execute their plans.

Is Federal Reserve thesame as central bank? I know the name is for some sort of entity that controls other banks in the US ,which is quite similar to Central Bank as it is called where I live.


I guess the right words should be "printing money in non-transparent & unaccountable manner and for unproductive things, is scam

without controlling money printing, it will certainly result in the value of the currency being worthless, just like the country you mentioned, it is one example of a country that fails to control the production of money

The whole idea of printing money without anything backing it was dumb at first, it already gave governments  more power than they would need making them control our lives and our freedom, and what makes it even worse is whenever they fuck with their economical strategies and decision they just reside to printing money thinking that it would resolve the situation, i mean look at what happend in Zimbabwe where their currency infatuate and became worthless and Argentina and other countries are doing the same, if this keeps happening we might see another financial crisis. 

What good intentions are those? Inflation is a side effect, it doesn't have intentions on its own. It's a process, just like a bull market in stocks. A bull market doesn't have intentions. It's just there.


Inflation is a thing BECAUSE the money is being printed. Money printing is not the solution to inflation, it's the cause!

Inflation does have a good intentions so printing or "production" of money can be seen alright as long as our politicians do everything according to how it should be. The sad part is in almost all countries on earth the politicians are corrupt, they are not liked by anyone and doesn't matter who runs the country, everyone at every stage gets a trouble.

Normally, inflation should be a thing then the government should print money to cover the difference, then that money should be spent for governmental stuff like helping out farmers, education, health and so forth and make people spend less on those things, which means a regular citizen even without getting one dollar help directly will spend less on food because of help farmers got, will spend less for education and will not spend money on hospitals even if got sick, which means that person got a lot of help even if not directly. Yet our politicians give that money to rich and tell them to help the poor which never happens.

The government is supposed to control Central Banks of its nation but the reverse is the case. Central banks are independent government entities that are supposed to create monetary policies and regulations of other banks. Their actions affect the nation's economy but for selfish reasons, they operate on conspiracy theory by changing the supply of money in circulation which brings inflation and unemployment which affects the citizens negatively.

human resources are an important point to achieve a country's economic growth, printing more money will not solve the problem, I think by reviving all aspects of the economy, it can be the best solution

The least painful way is the quickest solution which would be to resolve debt correctly.  What happened dragged out the crisis from 2008 into the next twenty years it looks like.  If you are not confident that is the case then examine the debt on Greece (as an extreme but underlying the nature of many bailouts) which is still repaying money spent on their olympics bid of 2000 and the structures built in that time are not used currently.   That debt was raised while misreporting data, they joined the EURO while not being eligible under the terms agreed in that union.   Its easily a failure situation where the debt does not return 100% of value.

Instead of correctly accounting for failure the debt was resolved to pay back over many decades which means generations who were not alive when the money was borrowed will be submitting wages to pay off a mistake they were never involved in.    The biggest reason not to magically fix all debt no matter how bad is that it lowers growth long term, this has been reflected in lower wage growth and purchasing power since 2000 for many countries including some of the richest in the world.    None of these measures reflect capitalism, its a failure to respect the system which has delivered growth for so long and instead we saved politics from difficult decisions instead and the people pay.

But these government take any actions at the intial stage itself to solve the problems. Then purely economy based on the development of business which does not affect your own human resources and yield profits many times.
Most of the government does not have that way to make the money, printing extra notes will never change anything.

Is not a scam but the problem is if there are a lot of money printing that will make inflation and will not solve the problem of economy in long time so governments better try to solve economy problems on another way.

The most painless way? No amount of money printing actually solves long term problems. All it does is just buy you some time in the short term, but the underlying problems that will hit you hard at a later point are still present, but certainly not pretty. If you want to know what not pretty means, then look at what's happening in Venezuela and in the continent of Africa.

Bitcoin doesn't have to replace fiat, it just needs to work and provide a decent enough alternative to fiat. A healthy balance in use between Bitcoin and fiat is what I consider a realistic goal. Bitcoin can't scale enough to serve a whole world. I don't think even a fully deployed Lightning Network would be sufficient to do so. We have to accept that decentralized networks have their limitations.

This case was known since 2009.
Always bailouts come from money printing that it is not relied to anything actually. It is just a way to inject more cash in the economy, but this cash is not created from any activity. Also, when more money is created the reserves lose value, leading to an economic collapse after some years.

It is quite normal to do this in a hopeless situation. I think it was the most painless way to avoid even more problems.

No, national cash and non-cash money of various states cannot be called a scam. This is a branch of science with the name of the economy, which has been improving for many centuries. Another thing is that some governments and their central banks abuse the right to print paper money, which periodically leads to inflation. However, controlled inflation is also needed by society.
Cryptocurrency is a payment system of a completely different order, which is not capable of replacing the national money of states.

in the world 10 days the money will not be play the role of the economy but in the today's situation without money nothing is possible this changes will came only in short period of time because of the people who made the money will give the importance for the money more than anything that's why it will be e the important one in this world.

I can catch your point, I think that might happen to those who have strength in that circle. from the description above, it is indeed difficult to distinguish between the actions of capitalism or socialism

I really do not understand much about the political situation of some countries but I know that it is their strategy, they are trying to help the country grow again. I think governments should still have a reserve fund, but it should not get into the hands of corrupt people.
In my opinion, their actions are absolutely correct. If you take that $ 85 million and distribute it to the people, who will adjust the economy?
The problem always has two sides of it. Don't rush to judge and think negatively.

This scenario of money just being generated or created simply with the use  of computers is also what cryptocurrency is all about. Anyone just creates his own coin. If you call money production scam, what would you call cryptocurrency?

lol, that's what the central banks are known fkr buddy and funny enough, te European Union Central Bank made a tweet sometime ago that aa a Central Bank, they can print money as and when they can. So I wouldn't be surprised if America is doing it. My only problem is that not all countries are like that.