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Topic: Why not just print dollars? - page 12. (Read 30043 times)

hero member
Activity: 907
Merit: 500
August 06, 2017, 04:02:11 PM
Grin the good point of bitcoin ... is that you can print paper money if you want : https://www.bitaddress.org


and, it's real value !  Cheesy



Bitcoin is a perfect thing.





Plan B.

You are wrong when you say Bitcoin is a real value while it is a virtual value. If it is material, then we can print it and use it like cash. You can skip that intermediate step, which is to switch from Bitcoin to cash, which has a transaction fee. But that would not be far off because Bitcoin is virtual
Money is something that we can use to clear our payments and we can sue it for buying and selling purpose. I don’t think so there is any need of printing bitcoins to use them as sound money. We should give equal importance to both paper money and digital currency.
full member
Activity: 241
Merit: 100
August 06, 2017, 09:13:41 AM
Grin the good point of bitcoin ... is that you can print paper money if you want : https://www.bitaddress.org


and, it's real value !  Cheesy



Bitcoin is a perfect thing.





Plan B.

You are wrong when you say Bitcoin is a real value while it is a virtual value. If it is material, then we can print it and use it like cash. You can skip that intermediate step, which is to switch from Bitcoin to cash, which has a transaction fee. But that would not be far off because Bitcoin is virtual
hero member
Activity: 1722
Merit: 528
August 06, 2017, 08:41:32 AM
If every person could just print money to himself, then there would not be poor people in the world, but this would depreciate all the currencies and chaos would come about in the world.

We are talking about dollars, and dollars is a primary currency of one's country. Creating a chaos in the world seems exaggerated because if that happens, it will just be a problem of the country and not the world.
They can reflect to these problem and in the future improve or develop their way of circulating and printing money. But we all know how governments work, they will not let their country fall down just like that.
full member
Activity: 364
Merit: 102
August 06, 2017, 08:32:30 AM
If every person could just print money to himself, then there would not be poor people in the world, but this would depreciate all the currencies and chaos would come about in the world.
full member
Activity: 318
Merit: 100
August 06, 2017, 08:28:42 AM
https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

The dollar we have defined is a common currency for us to use it to buy or trade anything. We create it and set its value to a certain level. Its value may increase or decrease depending on the development of the country that created it. It always has certain limits to balance the market. Every year, the government prints out a lot of cash to make up for lost or lost money. That balances the market and makes the country richer
sr. member
Activity: 630
Merit: 252
August 06, 2017, 08:00:28 AM

It is not economically feasible. Excess of the dollar is increasing inflation. The rise in inflation is also a stagflation.

This situation is very bad. Cry
hero member
Activity: 713
Merit: 501
August 06, 2017, 07:44:43 AM
That will probably result in inflation since you print more money and add up on the current money supply. Like how the government in Zimbabwe printed more money and made their currency practically worthless. Same applies to any fiat and bitcoin, as it is, is not affected.
Yup, in Zimbabwe when you want to buy a bread. You have to pay more than 1 Billion of Dollar Zimbabwe to buy one bread. Which is really ridiculous to see when you have lot of money (OP said to print dollars). It will result in inflation and money value of that country will be decreased.

The situation in Zimbabwe isn't the same when you print a couple of hundred dollars nonstop. In Zimbabwe, they printed out high denominations of money and that has made their currency go crazy. They printed papers that have a denomination of a billion, and that made their currency go hyperinflated. If you print out dollars nonstop, the value of it will go down but not as much when you print out billions of worth of it in just a short period of time like what happened in Zimbabwe.

Because the more dollars you print, the lesser its value will be. It's like the law of supply and demand when we have so much supply of something, its value will be lesser whereas when a supply is lesser and demand is higher then the price would surge up. More printing of dollars means more money and the result would be inflation.

That is true, but sadly, that's actually what is happening. Countries that have debts are printing their currencies nonstop to pay for it.
sr. member
Activity: 616
Merit: 262
August 06, 2017, 07:08:36 AM
Because the more dollars you print, the lesser its value will be. It's like the law of supply and demand when we have so much supply of something, its value will be lesser whereas when a supply is lesser and demand is higher then the price would surge up. More printing of dollars means more money and the result would be inflation.
sr. member
Activity: 840
Merit: 250
www.guestcrew.com
August 06, 2017, 05:39:54 AM
That will probably result in inflation since you print more money and add up on the current money supply. Like how the government in Zimbabwe printed more money and made their currency practically worthless. Same applies to any fiat and bitcoin, as it is, is not affected.
Yup, in Zimbabwe when you want to buy a bread. You have to pay more than 1 Billion of Dollar Zimbabwe to buy one bread. Which is really ridiculous to see when you have lot of money (OP said to print dollars). It will result in inflation and money value of that country will be decreased.
legendary
Activity: 3248
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
August 06, 2017, 05:16:34 AM
They cant just print money.
The number of US dollar for example is being counted everytime they print.
If there will be too much then I am sure the value of it will go down.
I remember US is trying to make people spend their money. Too much have been saved in banks or self saving at home. So the number of fiat flowing is getting limited. Sure it became valuable but what will they use for circulation?
That is the vice versa of bitcoin. After the 21 million mark then nothing can be created anymore. It will just circulate until even 1 satoshi is so valuable. That will be like billions of satoshis.  Grin
sr. member
Activity: 420
Merit: 255
August 06, 2017, 05:02:14 AM
The dollar is now worthless. They printed a huge amount and if all the people who have them or even half of them want to sell their dollars then the us economy will collapse like a house of cards. Bitcoin is a good way to withdraw their investments from the dollar.
sr. member
Activity: 406
Merit: 250
https://gexcrypto.io
August 02, 2017, 07:31:25 PM
You must always have room for improvements. If you want improvements the  do not stick to the old ways but rather embrace new things. Just like bitcoin, there maybe some lapses but we know that it is valuable to us. We also live in a modern technology so its possibls to live a cashless society. No printed fiat only digitals. And bitcoin would be one of those currencies i think.
hero member
Activity: 2310
Merit: 886
August 02, 2017, 05:55:33 PM
Money contain gold dust the bigger so the high value money contains more gold dust. In my county to create a 1 php or 1 piso bil  to create that you nid 3 piso so government limit the print of money coz there are losing money. You can not just print money if you want. Money contains gold dust so their have a value try to print a money with out gold it is worth less it is just a paper no value.
I agree you, money is just a piece of paper without gold behind it. Gold gives it value and it is main factor. Of course money don't depends absolutely on gold, economy plays an important role also. Despite good economy, just printing money will decrease it's value because paper is more and gold is less, it's like more device and less electricity.
legendary
Activity: 2044
Merit: 1115
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August 02, 2017, 05:34:51 PM
The inflation dude. The more you print dollar the less valuable it can be. Therefore, people do not want to print more and more money and if the government decide to do that, they are trying to against you

Exactly brother. As long as they print more money than the usual the more the money gets less valuable. The supply of paper bills goes high while the demand will be less because of the supply. The logic here even though they can print more paper bills, they will not do that because it just gets less valuable.
In fact, all is not so simple. In many countries inflation is much higher and the local population uses the dollars to save their funds. This restrains inflation in America and so the American government can afford to print dollars in huge quantities without fear of inflation.

Most of the money supply increases don't even come from the Federal Reserve but from fractional reserve banking. Banks take deposits and loan a fraction of it out, but the full amount is payable on demand to the depositor. There is now more money in the economy because of this, the physical currency exists that has been lent out, and the hypothetical currency the depositor can withdraw and counts as an asset. If the borrower uses his loan to increase the goods or services in the economy, the added growth pays back the loan and the money created in this system is warranted. If he defaults, that money disappears from the economy. When this happens on large scales, banks fail and we have a recession.
legendary
Activity: 2562
Merit: 1441
August 01, 2017, 06:53:19 PM
Why borrow dollars and then pay back by printing them?

Why take the long way around?

They deliberately attempt to devalue their national currency in order to allow corporate entities to benefit further from exportation.

The downside of this strategy means the average consumer has less buying power.

Its a pro corporate policy intended to boost private sector profits.

Currency devaluation is the goal, the excess borrowing and printing is intended to accomplish this.

There are also conspiracy theories which say: the true end game is to transform the entire world into the unfortunate state venezuela has become. Any country bankrupt with a weak economy could deteriorate into similar conditions. Which could allow a state to step in and declare martial law. Then later: communism.
full member
Activity: 924
Merit: 148
August 01, 2017, 06:50:30 PM
The state can't just print dollars or any other local money. It's in the law that there's no way for the central bank to print unlimited money. The more supply of cash in the society, the lower value of their currency is. The logic of this is like bitcoin, 21 Million supply and look we are near to reach 21 M soon and the price is too big already.
Why not? The US government is doing it all the time for the last years. It is kinda abusing the fact that the US dollar is world's reserve currency and you cant print a new ones in reasonable measures (but it is still pretty bit amounts) without having hyperinflation. The other countries simply can't afford it because it will kill their economy.
hero member
Activity: 907
Merit: 500
August 01, 2017, 12:34:12 PM
Cryptocurrency that will make you print money in accordance with the currency you want, without special materials to print it, that's what the latest revulsion in this world.

Yes we can see such future with the increased use of digital currencies worldwide. I don’t think so with such opportunities available, there is any need of printing paper money. Minting paper currency is not an easy task. Besides the more currency printed, the lesser is its value.
sr. member
Activity: 588
Merit: 251
HELENA
August 01, 2017, 12:26:57 PM
There is a certain amount of money that need to be release in a particular country or government. The government set some rules the monetary policy regarding the printing of monetary materials or instrument or currency itself. Supply of money should be control or monitor in order to have a proper flow of government or economic.
full member
Activity: 212
Merit: 100
August 01, 2017, 04:01:36 AM
Cryptocurrency that will make you print money in accordance with the currency you want, without special materials to print it, that's what the latest revulsion in this world.
sr. member
Activity: 364
Merit: 252
August 01, 2017, 02:20:35 AM
Yeah, why wouldn't we all just print money in our homes and have as mush as we need. Things are not that simple. There were some examples in history where some countries have printed their currencis and made horrible mess in their economies. Just printing money causes economic devastation and break down at the end whic can't be recovered that soon.

The first one to print money and have it backed by force (a military) wins.  Any money that is printed and backed by nothing is counterfeit.  Just because one group of people say they are legit doesn't make it any different.  They print money and get rich by enslaving others.  You print money and you go to jail.  That's how the game works.
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