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Topic: Why not just print dollars? - page 7. (Read 30063 times)

full member
Activity: 736
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★Bitvest.io★ Play Plinko or Invest!
November 07, 2017, 02:53:41 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?

Because everything is being regulated. They can't just print dollars that easy because it needs to coincide with the market to coherent with the economy.
Yes everything is regulated because we don't want to overspend it and the money become useless if we print more because their are many money that exists and the value become low because we can get it easily but if the supply of money is control their is a chance that we can make it useful.
full member
Activity: 124
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November 07, 2017, 02:46:08 AM
I do not think we need to worry about printing the things they're doing now is to create a electronic fiat in their system, I believe most countries privately do this but it is not know to the pubic.
it's not a big deal to create electronic money. The problem is government have to create laws for that and they need to make it somehow valuable.
member
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November 07, 2017, 01:18:43 AM
Bank countries like the US have printed their money through the central bank and now very much, I do not know how things are planned down for the US, but talk in the future what if the US refused to return. People think they can stand, they have enough resources.
member
Activity: 126
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One of a kind
November 07, 2017, 12:48:37 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?

Because everything is being regulated. They can't just print dollars that easy because it needs to coincide with the market to coherent with the economy.
newbie
Activity: 2
Merit: 0
November 07, 2017, 12:35:45 AM
I do not think we need to worry about printing the things they're doing now is to create a electronic fiat in their system, I believe most countries privately do this but it is not know to the pubic.
hero member
Activity: 1694
Merit: 541
October 29, 2017, 06:29:03 PM
You can't print paper money without the specific material to do it... Cryptocurrency is a whole new revolution!

We cannot print dollars without the permission of the government because it will be called as fake money. The number of printed dollar money depends on how much is the gold every country has deposited in the world bank.
I am commenting on this very old thread simply because of your nativity , Cheesy The number of printed dollars does not depend on the amount of gold they have deposited in the world bank,just check the history and then talk about it,there is no backing in precious metal when printing a currency ,in simply terms they could print money as long as they want. Tongue
full member
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October 29, 2017, 06:11:46 PM
Printing of fiat consist of some rules and regulation from the government itself before they print it. Printing of numerous money may affect the economy, so the printing process are very limited and need to check the status of money that circulate in the country. It was not as simple as printing directly if someone wants to print it.
full member
Activity: 373
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October 29, 2017, 06:07:43 PM
You can't print paper money without the specific material to do it... Cryptocurrency is a whole new revolution!

We cannot print dollars without the permission of the government because it will be called as fake money. The number of printed dollar money depends on how much is the gold every country has deposited in the world bank.
sr. member
Activity: 951
Merit: 250
October 29, 2017, 05:36:50 PM
Really you are speaking about bitcoins which is but to come about all above the world and if it transpires it will lessen kf commodities to a huge prolong and almost everything will be cashless.
well i think wr cant really just print a dollar because as people of a one coubtry we have a government who has the controll of all the kinds of validity they have saled everything .and they only have the power to make things valid.maybewe cant just print as dollars because we dont have the power to make it valid .and if we do so maybe we are going to prisoned because we falsificating a government property that was really falsificating a public document .only the government has a power to make it valid.
member
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October 29, 2017, 04:33:16 PM
Really you are speaking about bitcoins which is but to come about all above the world and if it transpires it will lessen kf commodities to a huge prolong and almost everything will be cashless.
hero member
Activity: 826
Merit: 502
October 25, 2017, 08:31:12 AM
Printing a lot of dollar, will only result to it's destruction, the dollar will be weak,  since there will be a lot of surplus, if we check out what had happened in Zimbabwe, Greece, Spain, Portugal, what they thought that if they print a lot of money, it will also have the same value, which in turn, it did not, since we are talking about currency, the law of supply and demand still applies here, the more they print their money, the more it looses it's buying power, that why if you look at the dollar, it tends to be the standard, and showing a great buying power , that's why in my country 1 usd is equivalent to 50php, and you can already buy a lot just by using 50 php. However when it comes to real assets, you buy them because their value increases overtime and lucky for us, Bitcoin is limited, and will further increase in value, in time,  and will surely be there dominant currency around, and one thing is for sure, the dollar can experience depression, however Bitcoin does not, since it can be exchanged to different Fiat currencies, giving it more leverage over the dollar.

I don't think that the same thing will really apply with USD because USA is a dominant country. I don't know about Greece, Spain, and Portugal but I do know that Zimbabwean dollars were printed out in larger denominations and I'm talking about billions and trillions. Just imagine having one dollar, 5 dollar, 20 dollar, 100 dollars denomination and then all of a sudden the country have made 1 billion dollar denominations. That will surely make the people crazy as well as the economy. I don't think that is what's happening in here at all. Even if US prints dollars nonstop, if it's just a small denomination for each paper, then it will never ever have the same effect as printing large denominations.

Most currencies are subject to inflation so to save yourself, you basically just have to find a good store of value like bitcoin. I'm actually liking the inflation that's going on in my country because I get paid in dollars and that makes me more money in my currency. I'm not affected by the decrease of the purchasing power of our currency compared to people that gets paid in fiat. If everything in your country has their price increasing (e.g. gas, food, transportation, etc.) then your currency is probably having lower and lower purchasing power.
full member
Activity: 518
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October 24, 2017, 07:02:10 PM
Printing a lot of dollar, will only result to it's destruction, the dollar will be weak,  since there will be a lot of surplus, if we check out what had happened in Zimbabwe, Greece, Spain, Portugal, what they thought that if they print a lot of money, it will also have the same value, which in turn, it did not, since we are talking about currency, the law of supply and demand still applies here, the more they print their money, the more it looses it's buying power, that why if you look at the dollar, it tends to be the standard, and showing a great buying power , that's why in my country 1 usd is equivalent to 50php, and you can already buy a lot just by using 50 php. However when it comes to real assets, you buy them because their value increases overtime and lucky for us, Bitcoin is limited, and will further increase in value, in time,  and will surely be there dominant currency around, and one thing is for sure, the dollar can experience depression, however Bitcoin does not, since it can be exchanged to different Fiat currencies, giving it more leverage over the dollar.
sr. member
Activity: 504
Merit: 252
October 24, 2017, 06:46:49 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.

I like the way you make a very brilliant explanation through pictures. This is striking the bull's eye of the issue. Fiat money is just a piece of paper that is basically without any value. The governments simply imposed to the people how it is being used and how it is provided value. And then without our knowing it, we are all becoming a slave of it despite the lack of it. We are almost zero in terms of real knowledge as well as decision about fiat regulation. At least for bitcoin, it does not go unlimited.
hero member
Activity: 3080
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October 24, 2017, 06:25:12 PM
Printing more of a currency causes inflation, or basically the more of a currency, the less valuable it becomes. Think of diamonds -- if there was only 1 diamond in the world, it would probably be worth more than anything else in the world. But now if there were enough diamonds in the world for every person on earth and their ancestor and their descendants, probably not going to be worth as much.

Yes that's why we can't just print it again and again like without limitations. When I was a kid, I'm thinking about this out of my imagination I didn't know that this will cause a big problem to the economy of a country. And even in local currencies, they can't just keep on printing their paper money because it will affect a lot of businesses. And that's why it's good to have bitcoin that has 21 Million supply limit.
full member
Activity: 546
Merit: 100
October 24, 2017, 06:05:05 PM
One can not print because the state has made some exercise illegal and so doing such would amount to a crime. Going by the social contract theory, the populace have given their right in unison to the government in return for better protection and welfare and so, one can't print because it is a role that has been put to the jurisdiction of the government to provide and so going contrary to the social contract would be crime more or less.
That things can be possible because of our technology but the authority doesn't recognize it so therefore it is illegal,a money laundering and it will be considered as fake money., because money in every country defines of what is the economic status of it.
newbie
Activity: 32
Merit: 0
October 24, 2017, 05:57:28 PM
Printing more of a currency causes inflation, or basically the more of a currency, the less valuable it becomes. Think of diamonds -- if there was only 1 diamond in the world, it would probably be worth more than anything else in the world. But now if there were enough diamonds in the world for every person on earth and their ancestor and their descendants, probably not going to be worth as much.
full member
Activity: 434
Merit: 100
October 16, 2017, 05:41:12 PM
...

There's an argument, that I have seen explored a little at Zero Hedge, that printing money would be better than taxation.

This is an exotic argument that I have not had a chance nor even the ability (yet) to properly wrap my brain around with it.

A first thought:

Eliminating taxation, of course, would likely anger the poor (they pay low taxes, except various consumption taxes).  Envy and resentment would likely prevent this idea of eliminating taxation altogether.

*   *   *

I am already convinced that gold ought not be linked to currency (that is, no "Gold Standard").  A Gold Standard would function poorly IMO.  Gold's best and highest value use is as a Store of Value.

Gold <> Money in that sense.  Most define money as roughly filling three roles: Unit of Account, Medium of Exchange, and Store of Value.  But, we are perhaps soon at the point of monetary failure, the US$ will not (cannot) fulfill those three roles of "money".
Printing more money will be a general tax to everything, while that may seem like a good idea what this will create will be an even greater race to get more profits since you want to offset inflation, besides no one will want to save in fiat since its value will always diminish, so you are going to create a society where the velocity of money is too fast and that is never good.
sr. member
Activity: 756
Merit: 253
October 16, 2017, 04:44:50 PM
Basic two rule: Supply and demand. If everyone has enough money sellers will invrease price because everyone can afford low prices and stock will get dumped by buyers.Inflation is bad for economy and printing money is way to cheat economic growth rates with palying numbers.

Exactly, just like you cannot eat your cake and have it back, there are ramifications for any government and its economy if they print out more fiats without proper adherence to regulations and market stabilization. Nobody will work again then.
legendary
Activity: 3486
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Leading Crypto Sports Betting & Casino Platform
October 16, 2017, 04:32:53 PM
Printing more money doesn't solve the economic problems of a country, on the other hand it makes the economy plunge and we can see this in the economy of Zimbabwe in Africa where people use truckload of a money just to buy a single fish this has lead to the government redonominating their currency several times.
Is that true? I do not know if in zimbabwe there is a truck containing money just to buy single fish, what is that fish? But yes I also agree, a country does not have to keep printing money with a lot, because to improve the economy of a country must provide a lot of work places for the needs of the community can be met.
hero member
Activity: 1470
Merit: 509
October 16, 2017, 04:31:03 PM
Basic two rule: Supply and demand. If everyone has enough money sellers will invrease price because everyone can afford low prices and stock will get dumped by buyers.Inflation is bad for economy and printing money is way to cheat economic growth rates with palying numbers.
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