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Topic: Why not just print dollars? - page 26. (Read 30063 times)

legendary
Activity: 3514
Merit: 1280
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January 15, 2016, 11:53:57 AM
No real money exists any more, its just numbers, and don't forget this debt can never be repaid.
What a fkn scam  Grin

The problem is not with money itself, whether it is fiat or whatever else. Money failure is most often a failure by way of corruption, abuse, or just plain stupid mismanagement...

The fiat money is simply more prone to these vices
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
January 15, 2016, 11:49:14 AM
If you want to call it control, that's fine. Then yes, you have to give up control of the money when you deposit it in the bank. That's inherent in the action and plainly obvious, the same as when you put down any object you were previously holding, you have given up control over it until you pick it back up. Originally, you were talking about "rights." Giving up control (if that's how you want to distinguish it) and giving up rights are not the same. I only took issue with the concept that you give up your right to your money by putting it in the bank. You don't. You do give up control until you withdraw it.

Yes, I was. Given that you can hardly share control over money with someone else (in a strict sense), isn't it, well, right to consider control over something as an integral part of your rights over it? Rights are not something abstract, they are what you can do with or to a thing...

For example, use it, profit by it, sell it (or otherwise get rid of it), etc
legendary
Activity: 3248
Merit: 1070
January 14, 2016, 02:44:55 AM
The value of money is not coming from gold nowadays.  Its more complex than that
Who said that money comes from gold, if it is so there are many other high valued metals. Printing it's not a good idea, everything is going digitized.

what he said, is that the value is not backed by metal in general, it's is coming by the internal trading that bank do with their own debt, it's basically a big mess, an internal scam

there is a good vide about this, people should watch it, the biggest scam in the history of mankind, it explain how the whole monetary system work
hero member
Activity: 504
Merit: 500
January 13, 2016, 04:05:22 PM
The value of money is not coming from gold nowadays.  Its more complex than that
Who said that money comes from gold, if it is so there are many other high valued metals. Printing it's not a good idea, everything is going digitized.
sr. member
Activity: 321
Merit: 250
January 13, 2016, 03:56:06 PM
The value of money is not coming from gold nowadays.  Its more complex than that
legendary
Activity: 2044
Merit: 1115
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January 13, 2016, 03:46:07 PM
IRS Form 8300 still applies strictly to transactions in the course of a trade or business transaction and has the giant exemption that excludes personal checks. It's not quite the case you're making it to be. Individuals who receive $10,000+ in cash for selling any item outside the course of business, receive a gift, or receive the money via a personal check do not have to file IRS Form 8300.

You seem to have forgotten what I started with

...companies (the major owners of the "digits on the computer") are not allowed to deal in cash

So my case is exactly that case, lol

Indeed, it seems I did. But "not allowed" is still not accurate. They're allowed, they just have paperwork to file if they do. The BSA is a pretty invasive law.
legendary
Activity: 2044
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January 13, 2016, 03:44:03 PM
For me, the fact that you can withdraw your money at any time means there is no loss of right to use your money

Okay, but what if the bank defaults (and there is no FDIC to pay you back), would (could) you lose your money?

Yes, this is a risk, but not a forfeiture of a right. There's a risk to hiding money in a mattress (theft, fire, etc.) and a risk to holding money in general (inflation), but risks are not forfeiture of rights. There's risk in everything you do with money, but I still distinguish between a risk of any action and the loss of a right to use your money. But if you're talking about risks of the banking system, I think I understand your point better. I just don't think it's accurate to describe that as a limitation of your rights.

My point is not about risk as you are seemingly trying to put it. When I say about the bank going bust (you losing money), I mean that you give up control of the money, i.e. transfer control over the money to the bank. It doesn't matter that you can reestablish that control any time. Indeed, you could also say that when you put money under the mattress you are also, in a sense, transferring control of it to the mattress. But in the latter case this has no legal consequences. You can't drag your dirty mattress to a court for squandering your shekels, lol...

I assume that leaving your car in a garage is not the same as renting it out (legally speaking)

I lost this conversation quite awhile ago and have made my way back to it.

If you want to call it control, that's fine. Then yes, you have to give up control of the money when you deposit it in the bank. That's inherent in the action and plainly obvious, the same as when you put down any object you were previously holding, you have given up control over it until you pick it back up. Originally, you were talking about "rights." Giving up control (if that's how you want to distinguish it) and giving up rights are not the same. I only took issue with the concept that you give up your right to your money by putting it in the bank. You don't. You do give up control until you withdraw it.
sr. member
Activity: 406
Merit: 250
January 10, 2016, 02:25:44 PM
It won't be a great idea, because printing money won't have a value is just money you know only the value is the gold in the bank what they have. And when they print more fiat money I think people will have some difficulties.
sr. member
Activity: 420
Merit: 250
January 10, 2016, 02:04:02 PM
Why not? Have you seen the history in germany.
They just print and print money and the money was just like a paper that nothing worth it.
You need it maybe 1000 paper to buy a bread.
legendary
Activity: 1134
Merit: 1000
Soon, I have to go away.
January 10, 2016, 10:47:32 AM
Its USA.. never argue about stuff done from USA.. Mostly just nonsense  Grin

Ha, this is true as well. Printing dollars would make their economic markets fail. The dollar would lose it's value if it was made that easy and of course the government don't want that.

They still print as much as they want, the dollar is built on debt, its a ponzi scheme, same with the banking loans.
No real money exists any more, its just numbers, and don't forget this debt can never be repaid.
What a fkn scam  Grin
sr. member
Activity: 434
Merit: 250
January 10, 2016, 10:41:59 AM
Its USA.. never argue about stuff done from USA.. Mostly just nonsense  Grin

Ha, this is true as well. Printing dollars would make their economic markets fail. The dollar would lose it's value if it was made that easy and of course the government don't want that.
legendary
Activity: 1540
Merit: 1003
January 10, 2016, 06:37:58 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?
They print the dollars, and that's why the value of dollar is decreasing through the years, you can check the graph of last 100 years and see how much 1$ had value in 1913

Yes since 1913 the USD has lost 96% of it's purchasing power.
This is crazy. And this is the same with every other currency around the globe.The loss of purchasing power because banks+governments can't stop creating money out of thin air.
From this i can conclude that if you have an opportunity to invest then invest and don't hold the money as its value will increase through years
legendary
Activity: 1624
Merit: 2481
January 10, 2016, 06:27:09 AM
Its USA.. never argue about stuff done from USA.. Mostly just nonsense  Grin
legendary
Activity: 1442
Merit: 1016
January 10, 2016, 06:16:52 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?
They print the dollars, and that's why the value of dollar is decreasing through the years, you can check the graph of last 100 years and see how much 1$ had value in 1913

Yes since 1913 the USD has lost 96% of it's purchasing power.
This is crazy. And this is the same with every other currency around the globe.The loss of purchasing power because banks+governments can't stop creating money out of thin air.
legendary
Activity: 3248
Merit: 1070
January 10, 2016, 06:09:25 AM
Yeah, that has nothing to do with forbidding, save only for the fact that it essentially makes impossible to transact in cash over $10,000 on a regular basis. Feel the difference...

And the requirement to report is all-around (banks or no banks)

It is easy to transfer $10000 in bitcoin today. But when governments regulate bitcon transfer, the same limit might apply.

How will they limit? They only could do that on the connection lines to the regulated exchanges and businesses. Anything going on inside bitcoin might not be traceable to easily.

When you use the online wallet or exchange wallet such as the Coinbase, these wallet service will follow the government rules.

yeah and it would not be so different than using fiat, because you are basically giving your coins to a centralized entity, pretty pointless

everyone that own bitcoin, should buy a server and make his own personal bank, instead of relying on those service/exchange/online wallet...
legendary
Activity: 1540
Merit: 1003
January 09, 2016, 06:44:50 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?
They print the dollars, and that's why the value of dollar is decreasing through the years, you can check the graph of last 100 years and see how much 1$ had value in 1913
sr. member
Activity: 504
Merit: 251
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January 09, 2016, 06:43:56 PM
All currencies are built on trust. That is how bitcoin is thriving people believe in it as a worldwide player in financial markets. If we just keep printing money it depends values it. We have all seen what happens worldwide when people lose trust in their currency it tumbles and people are forced to believe there is a recession as people are less inclined to spend slowing the global wheel of money
newbie
Activity: 14
Merit: 0
January 09, 2016, 05:08:02 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?





Because we live in a "central-banker-dictature"
legendary
Activity: 2940
Merit: 1865
January 06, 2016, 03:21:10 PM
...

Here is my take on printing money.

For the short-term, I don't think that they will just yet.  The FED just raised rates, so a new QE or rate-cut is not in the cards just yet.

But, 2016 has started very poorly in the stock market (-300 on the Dow as I write).  If we CRASH, and if we get deflation (possible), then at some point they WILL print ("Ctrl P").  Hyperinflation has often followed deflation in financial history.

Beware.  Keep some CA$H now, and if they start printing a lot more, go out and spend it on durable items or gold.  And/or some BTC.
legendary
Activity: 3122
Merit: 1140
January 06, 2016, 08:22:17 AM
Because the government wants to slow the inflation rate?

If there is too much printing of the money, the money will devalue too fast, people will lose trust in the government.
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