Why not just print dollars? - page 20.

phreaky

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Quote from: Possum577 on August 02, 2015, 12:36:00 AM

Quote from: Meuh6879 on August 01, 2015, 06:50:12 PM

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

You're right that bitcoin can't be printed when more is needed.

You're wrong that bitcoin has real value. The value is perceived because all of us place value upon it...just as we do fiat currency.

There is no tangible thing that supports the value of bitcoin, that can prove there is value to it.

There's no Gold, no Silver, no other tangible item that exists in the world...just the promise that only so much bitcoin can every be mined and that the validity of transactions and balances are verified by the community that uses it.

Because it is way to hard to try and fake Dollars you are going to get caught without a doubt if you do it to much.
There are some people that still do it but it is not a big thing under criminals anymore.

ecommerce

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Quote from: cafucafucafu on August 01, 2015, 06:16:28 PM

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

This can be done in next years if software and hardware technology advances.

funkenstein

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Quote from: upsidedown75 on August 20, 2016, 02:55:17 AM

There is a like a billion economical reasons why shouldn’t governments do that but the simplest reason would be that there would be a whole lot more cash in the market and the more cash there are in the World means the less it will worth.

Say you have 1 apple and you are hungry and someone came in and said he will give you 10 dollars for your apple, you would refuse it because you are hungry and you need it but if you have 1000 apples and hungry and someone says he would pay 10 dollars per apple you would sell like 990 of them.
Meaning the more cash there is , the less worthy it will have.

This is only part of the picture. If I issue a few trillion dollars in some private accounts (as people do), perhaps printing up a few billion in cash and storing them in my garage (as people do) this will NOT immediately affect the trade down the street at the grocery store in any way. The people buying apples don't have keys to my garage, and the store owner also doesn't have the keys. So, the price of apples STAYS THE SAME - despite that massive cash injection. In fact it will take decades for enough of this cash to start circulating to affect prices.

Because people claiming to be your government have shown they don't care very much about future prices, imagining that having cash in their garages is more important, they will continue to issue massive bank accounts and fill their garages with cash. Business as usual, well not really usual but the last fifty years or so at least.

deisik

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Quote from: upsidedown75 on August 20, 2016, 02:55:17 AM

There is a like a billion economical reasons why shouldn’t governments do that but the simplest reason would be that there would be a whole lot more cash in the market and the more cash there are in the World means the less it will worth.

Say you have 1 apple and you are hungry and someone came in and said he will give you 10 dollars for your apple, you would refuse it because you are hungry and you need it but if you have 1000 apples and hungry and someone says he would pay 10 dollars per apple you would sell like 990 of them.
Meaning the more cash there is , the less worthy it will have.

You would sell 990 apples out of 1,000 because the marginal utility of each of these apples for you will be close to zero. That is, after eating a few apples you satisfy your hunger, and you no longer need the remaining apples (they will just rot if you don't sell them all)...

As you can see, this has nothing to do with money altogether

upsidedown75

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There is a like a billion economical reasons why shouldn’t governments do that but the simplest reason would be that there would be a whole lot more cash in the market and the more cash there are in the World means the less it will worth.

Say you have 1 apple and you are hungry and someone came in and said he will give you 10 dollars for your apple, you would refuse it because you are hungry and you need it but if you have 1000 apples and hungry and someone says he would pay 10 dollars per apple you would sell like 990 of them.
Meaning the more cash there is , the less worthy it will have.

rekinthis

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Quote from: rio3233 on August 17, 2016, 07:40:47 AM

If we can earn dollar just only to print, many people will rich and just print the dollar to earn money. So money means nothing in this world, because everybody can easily get dollar.

fiat money is really nothing to be honest because federal reserve can easily print it how much they want, thats why im using bitcoins as much as possible

MariusAr

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Well, you know, printing dollars is illegal, but why risk printing dollars when you can get bitcoin Wink

deisik

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Quote from: WarThunder on August 17, 2016, 01:50:29 PM

Quote from: entrepmind23 on August 17, 2016, 12:51:57 PM

Quote from: Capradina on August 17, 2016, 07:45:04 AM

Quote from: rio3233 on August 17, 2016, 07:40:47 AM

If we can earn dollar just only to print, many people will rich and just print the dollar to earn money. So money means nothing in this world, because everybody can easily get dollar.

Very appropriate, if that happens then the Dollar would not be applicable elsewhere. because everyone could get it easily without having to spend enormous energy. All the things that are very useful and meaningful in every people is something that is obtained from the results of the hard work. so this will not have a positive impact for the Dollar

If they will print more dollar then there will be more supply which means its value will be lessen. Printing more dollars cause inflation.People will have more money so they can buy more things and then the demand will increase and in effect the sellers will increase their price and all other things will increase also which causes the inflation.That is why they cannot just print the dollars easily because it will have a big effect in the economy.

Money always have an equal amount of gold reserves in the country whose currency they are. Therefore, you can print a lot of money, but because of their number may decrease their purchases of power. Ie the more paper money, the less product you can buy.

Where did you get this idea? The supply of money in a country is in no case tied to the gold reserves of this country. What you mean is called gold exchange standard (the gold standard variety), and it had been reigning in the 19th and early 20th centuries. But we are long past that point...

Money is mostly only digits today which are allegedly assumed to match the size of the economy

WarThunder

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Quote from: entrepmind23 on August 17, 2016, 12:51:57 PM

Quote from: Capradina on August 17, 2016, 07:45:04 AM

Quote from: rio3233 on August 17, 2016, 07:40:47 AM

If we can earn dollar just only to print, many people will rich and just print the dollar to earn money. So money means nothing in this world, because everybody can easily get dollar.

Very appropriate, if that happens then the Dollar would not be applicable elsewhere. because everyone could get it easily without having to spend enormous energy. All the things that are very useful and meaningful in every people is something that is obtained from the results of the hard work. so this will not have a positive impact for the Dollar

If they will print more dollar then there will be more supply which means its value will be lessen. Printing more dollars cause inflation.People will have more money so they can buy more things and then the demand will increase and in effect the sellers will increase their price and all other things will increase also which causes the inflation.That is why they cannot just print the dollars easily because it will have a big effect in the economy.

Money always have an equal amount of gold reserves in the country whose currency they are. Therefore, you can print a lot of money, but because of their number may decrease their purchases of power. Ie the more paper money, the less product you can buy.

entrepmind23

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Quote from: Capradina on August 17, 2016, 07:45:04 AM

Quote from: rio3233 on August 17, 2016, 07:40:47 AM

If we can earn dollar just only to print, many people will rich and just print the dollar to earn money. So money means nothing in this world, because everybody can easily get dollar.

Very appropriate, if that happens then the Dollar would not be applicable elsewhere. because everyone could get it easily without having to spend enormous energy. All the things that are very useful and meaningful in every people is something that is obtained from the results of the hard work. so this will not have a positive impact for the Dollar

If they will print more dollar then there will be more supply which means its value will be lessen. Printing more dollars cause inflation.People will have more money so they can buy more things and then the demand will increase and in effect the sellers will increase their price and all other things will increase also which causes the inflation.That is why they cannot just print the dollars easily because it will have a big effect in the economy.

funkenstein

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Quote from: Rostadom on August 17, 2016, 02:28:10 AM

Quote from: iqlimasyadiqa on August 06, 2016, 02:47:23 AM

Quote from: cafucafucafu on August 01, 2015, 06:16:28 PM

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

I think this is an unlawful act. all actions that can harm a person can be punished.
I better work harder than making money by way improper.

The US can print dollar unlimitedly as it has the strongest military power in the world. You have to lend it to them.

.

You have the right idea but you assign agency to a non-actor. "The US" doesn't print money - people do. And yes, people print them on military bases. If you are the general of a large military base and you aren't printing dollars there on the base, you are a fool.

Capradina

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Quote from: rio3233 on August 17, 2016, 07:40:47 AM

If we can earn dollar just only to print, many people will rich and just print the dollar to earn money. So money means nothing in this world, because everybody can easily get dollar.

Very appropriate, if that happens then the Dollar would not be applicable elsewhere. because everyone could get it easily without having to spend enormous energy. All the things that are very useful and meaningful in every people is something that is obtained from the results of the hard work. so this will not have a positive impact for the Dollar

rio3233

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If we can earn dollar just only to print, many people will rich and just print the dollar to earn money. So money means nothing in this world, because everybody can easily get dollar.

universe_

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Quote from: deisik on June 06, 2016, 01:48:00 AM

Quote from: morantis on June 05, 2016, 05:17:26 PM

imagine reality as just like that, but with the gold standard removed and the values based on global power factors, so if we print more money, we lose overall power in a global economy, if the world all agreed to do the same, if would be a meaningless gesture because the market value of goods would change to match the new currency distribution and we would make twice as much and spend twice as much

Welcome to currency wars, bro

it is a great thing that such stuff does happen all the time, it gives people more chances to choose from different options so the world is not ruled by one thing only

bryant.coleman

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Quote from: pearnapple on July 07, 2016, 11:31:06 AM

he talks about the usa that prints the dollars and gets away with it easily and gets out of all the debts, thats why we have such a huge dollar inflation rate in my opinion

That is why we should convert our savings to some asset, which is protected from inflation. Gold is a good candidate. And it has delivered very good returns during the last 100 years. Hundred years ago, one oz. of gold was worth just $19.00. Now the same is worth $1,350. If I am not wrong, then no other asset has given similar returns.

Rostadom

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Quote from: iqlimasyadiqa on August 06, 2016, 02:47:23 AM

Quote from: cafucafucafu on August 01, 2015, 06:16:28 PM

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

I think this is an unlawful act. all actions that can harm a person can be punished.
I better work harder than making money by way improper.

The US can print dollar unlimitedly as it has the strongest military power in the world. You have to lend it to them.

iqlimasyadiqa

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Quote from: cafucafucafu on August 01, 2015, 06:16:28 PM

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

I think this is an unlawful act. all actions that can harm a person can be punished.
I better work harder than making money by way improper.

groll

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That is what I am thinking before, if you will print more money no person will be poor. Everyone can eat anything they want. No one will be homeless. No one will be hungry. But wealth is not created by just printing money, it is only represented by it. When our governments do print more money, we will have an inflation. And I heard before that every money that you print there is a corresponding fee for it.

Rostadom

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Quote from: richardsNY on July 22, 2016, 03:12:42 PM

Quote from: newcoins1978 on July 22, 2016, 03:03:36 PM

Inflation is the thing that can ruin a country. Just look how the former leaders of Zimbabwe put that country to waste.
Their currency is worth nothing, and the people are suffering every day.

This is happening in each country, but then in a much slower pace. Keep holding $100,000 for 10 years, and look how much your money will buy you things. I think after 10 years your $100,000 will decrease to $70,000-$80,000 when it comes to buying power. That's why saving for the long term isn't a wise idea.

I think so. The US dollar and many other currencies will devalue in the long term. Bitcoin will increase in value.

richardsNY

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Quote from: newcoins1978 on July 22, 2016, 03:03:36 PM

Inflation is the thing that can ruin a country. Just look how the former leaders of Zimbabwe put that country to waste.
Their currency is worth nothing, and the people are suffering every day.

This is happening in each country, but then in a much slower pace. Keep holding $100,000 for 10 years, and look how much your money will buy you things. I think after 10 years your $100,000 will decrease to $70,000-$80,000 when it comes to buying power. That's why saving for the long term isn't a wise idea.

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