Why not just print dollars? - page 29.

Amph

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Quote from: deisik on December 20, 2015, 09:46:02 AM

Quote from: Amph on December 20, 2015, 06:37:07 AM

i think you didn't grasp my example, that guy asking what do do and the other responding in that way, it's like they can do whatever they want with your money

But this is obviously not the same as printing new money (which wouldn't be either mine or yours) by just adding up to the numbers, right? Or is it the same for you?

Are you really that dense?

no obvious i was talking merely how they can modify your funds without you, not even knowing about it

thy can not even increase the debt in this way, while with printing it's the opposite, despite this it seems that they are maintaining low inflation per year...

deisik

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Quote from: Amph on December 20, 2015, 06:37:07 AM

i think you didn't grasp my example, that guy asking what do do and the other responding in that way, it's like they can do whatever they want with your money

But this is obviously not the same as printing new money (which wouldn't be either mine or yours) by just adding up to the numbers, right? Or is it the same for you?

Are you really that dense?

LuckyYOU

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Quote from: gkv9 on December 20, 2015, 04:16:13 AM

I guess there are certain reasons they ain't printing that currency...
Also, based on what I know, it ain't in their own hands to print their currencies on their own based on their decisions...
FED ain't a private entity, and it's the US treasury that prints the $$$, and not the FED...

I think that the more they print dollars the more they create their own debts and the value of the dollar will keep decreasing. They've already dug a deep hole of debts already.
If things continue this way, the dollar won't be worth much even when they are printing more and more.

Amph

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Quote from: deisik on December 20, 2015, 04:50:34 AM

Quote from: Amph on December 20, 2015, 04:32:04 AM

Quote from: deisik on December 19, 2015, 11:19:08 AM

And so what? Cash can be counterfeited too. And guess what, it does actually get counterfeited! But I have never (read again, never) heard that those digits got changed by someone not authorized to do so. In fact, they just can't be changed the way you think, and, I'm afraid, that system, technically, doesn't work as you fancy it...

You seem to have taken this locution (money as digits on some obscure server) a way too literally, lol

but they can be changed with internal authorization, i've read a story about someone talking with a bank executive, he wanted to know what to do with the money, if it was a good idea to hold them in a bank...

What to do with the money is a bit different from arbitrarily changing digits representing the money, isn't it? But in general, it is prudent to believe nothing what you hear (or read, for that matter), and only half of what you see, lol

actually it happened in in my country, it's not something so untrue, actually it's the opposite, and i'm convinced it's true, since i always had a suspect about

i think you didn't grasp my example, that guy asking what do do and the other responding in that way, it's like they can do whatever they want with your money

for example i would not be surprising if they use your money for what they want on the weekend, since you can not do any transfer...

deisik

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Quote from: Amph on December 20, 2015, 04:32:04 AM

Quote from: deisik on December 19, 2015, 11:19:08 AM

And so what? Cash can be counterfeited too. And guess what, it does actually get counterfeited! But I have never (read again, never) heard that those digits got changed by someone not authorized to do so. In fact, they just can't be changed the way you think, and, I'm afraid, that system, technically, doesn't work as you fancy it...

You seem to have taken this locution (money as digits on some obscure server) a way too literally, lol

but they can be changed with internal authorization, i've read a story about someone talking with a bank executive, he wanted to know what to do with the money, if it was a good idea to hold them in a bank...

What to do with the money is a bit different from arbitrarily changing digits representing the money, isn't it? But in general, it is prudent to believe nothing what you hear (or read, for that matter), and only half of what you see, lol

Snorek

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But they are printing dollars! Dollars are printed by Feds, why do you think US debt is that huge? Part of it is constant print of new banknotes.
There are coutires which prints fake dollars as well North Korea has special unit created to just to forge US Dollars on a large scale. It is called superdollar.

More info: https://en.wikipedia.org/wiki/Superdollar

Amph

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Quote from: deisik on December 19, 2015, 11:19:08 AM

Quote from: virtualx on December 19, 2015, 07:06:22 AM

Quote from: deisik on December 19, 2015, 06:08:33 AM

You could just as well say that money itself doesn't exist as a physical entity. As I always say in such circumstances (wow), money is what money does (the lesson to take home) as opposed to what money is represented by (digits or no digits)...

Because money is a function, not a thing

Those digits can be changed by anyone who has access. Representation does matter

And so what? Cash can be counterfeited too. And guess what, it does actually get counterfeited! But I have never (read again, never) heard that those digits got changed by someone not authorized to do so. In fact, they just can't be changed the way you think, and, I'm afraid, that system, technically, doesn't work as you fancy it...

You seem to have taken this locution (money as digits on some obscure server) a way too literally, lol

but they can be changed with internal authorization, i've read a story about someone talking with a bank executive, he wanted to know what to do with the money, if it was a good idea to hold them in a bank...

the executive say "it's better to leave the money under your pillow, because we go in vacation with your money"

gkv9

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I guess there are certain reasons they ain't printing that currency...
Also, based on what I know, it ain't in their own hands to print their currencies on their own based on their decisions...
FED ain't a private entity, and it's the US treasury that prints the $$$, and not the FED...

lihuajkl

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Yes, they are printing dollars. They have a lot of meetings and pass new legislation. What they need to issue the printed dollar is to find a good reasons to avoid public accusation.

Quote from: TastyChillySauce00 on December 19, 2015, 07:15:16 AM

if printing dollar is that easy, i thought there will be no more people going to sell stuff

Printing machines is controlled by a few people. The masses cannot do anything.

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Quote from: TastyChillySauce00 on December 19, 2015, 07:15:16 AM

if printing dollar is that easy, i thought there will be no more people going to sell stuff

Printing dollar is much easier than you would imagined. FED just printed several trillion dollars and no one feel something is wrong, simply because they keep all the printed money in their closet, to be used at a later time when people's focus are not on them anymore

deisik

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Quote from: virtualx on December 19, 2015, 07:06:22 AM

Quote from: deisik on December 19, 2015, 06:08:33 AM

You could just as well say that money itself doesn't exist as a physical entity. As I always say in such circumstances (wow), money is what money does (the lesson to take home) as opposed to what money is represented by (digits or no digits)...

Because money is a function, not a thing

Those digits can be changed by anyone who has access. Representation does matter

And so what? Cash can be counterfeited too. And guess what, it does actually get counterfeited! But I have never (read again, never) heard that those digits got changed by someone not authorized to do so. In fact, they just can't be changed the way you think, and, I'm afraid, that system, technically, doesn't work as you fancy it...

You seem to have taken this locution (money as digits on some obscure server) a way too literally, lol

TastyChillySauce00

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if printing dollar is that easy, i thought there will be no more people going to sell stuff

virtualx

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Quote from: deisik on December 19, 2015, 06:08:33 AM

Quote from: Amph on December 19, 2015, 03:19:53 AM

Quote from: orryde on December 18, 2015, 05:07:41 PM

This post is interesting because it brings up an important point.
In the United States 97% of money is generated through fractional reserve banking, this means that only 3% of money is cash.

So if everyone in the United States demanded their money in cash, this would reveal the truth. There simply isn't enough cold hard cash, to back up the digits on the computer.

the digits on the computer, is even more fake than the debts they are increasing by printing more, they just need a click to change the vlaue on your account

but those money actually does not exist

You could just as well say that money itself doesn't exist as a physical entity. As I always say in such circumstances (wow), money is what money does (the lesson to take home) as opposed to what money is represented by (digits or no digits)...

Because money is a function, not a thing

Those digits can be changed by anyone who has access. Representation does matter

deisik

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Quote from: Amph on December 19, 2015, 03:19:53 AM

Quote from: orryde on December 18, 2015, 05:07:41 PM

This post is interesting because it brings up an important point.
In the United States 97% of money is generated through fractional reserve banking, this means that only 3% of money is cash.

So if everyone in the United States demanded their money in cash, this would reveal the truth. There simply isn't enough cold hard cash, to back up the digits on the computer.

the digits on the computer, is even more fake than the debts they are increasing by printing more, they just need a click to change the vlaue on your account

but those money actually does not exist

You could just as well say that money itself doesn't exist as a physical entity. As I always say in such circumstances (wow), money is what money does (the lesson to take home) as opposed to what money is represented by (digits or no digits)...

Because money is a function, not a thing

ThunderThomas

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If it really was that easy, don't you think they would've done that already? There are a lot things that comes with printing dollars. They could print to infinity to dollars but it wouldn't be worth much anyway. That's why they don't do it. All they do is just create more debt for themselves and future generations to come.

technology2015

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If the dollar can print the printers will be hight price and we will see new wars for printers

deisik

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Quote from: orryde on December 18, 2015, 05:07:41 PM

This post is interesting because it brings up an important point.
In the United States 97% of money is generated through fractional reserve banking, this means that only 3% of money is cash.

So if everyone in the United States demanded their money in cash, this would reveal the truth. There simply isn't enough cold hard cash, to back up the digits on the computer.

If that were to be the case, the Central Bank (which is the Fed in the case of the US) would just print the required amount of cash. But it is simply impossible per se because companies (the major owners of the "digits on the computer") are not allowed to deal in cash (down to a very small limit for retailers). The truth is that the term itself ("fractional reserve banking") is a misnomer...

Since it shifts focus from the important to the insignificant

HostSurf

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If the dollar would get printed it wouldn't have much value to it. They would be able to keep on printing with low cost to it. Meaning that the value of the dollar would go down

Amph

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Quote from: orryde on December 18, 2015, 05:07:41 PM

This post is interesting because it brings up an important point.
In the United States 97% of money is generated through fractional reserve banking, this means that only 3% of money is cash.

So if everyone in the United States demanded their money in cash, this would reveal the truth. There simply isn't enough cold hard cash, to back up the digits on the computer.

the digits on the computer, is even more fake than the debts they are increasing by printing more, they just need a click to change the vlaue on your account

but those money actually does not exist

steveds

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

Why borrow dollars and then pay back by printing them?

Because it weakens the people from whom you are borrowing at least when you borrow billions/trillions.
you have the satisfaction that you would eventually print it and repay in some gazillion centuries but in the meantime you would remain the super power or stop others to become one.

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