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I was Right about it Again :)

Au Money printing..... Prrrrr
https://home.kpmg/xx/en/home/insights/2020/04/australia-government-and-institution-measures-in-response-to-covid.html

https://bitcointalk.org/index.php?topic=5267515.20



So anyone Want to argue with. Me about economy More??  I Think no point!


I Can Even predict what Will be happening next year.

Of course, you were right all along. Money printing is happening all over the world, not just in Australia.

The more challenging question during these pandemic months is not which country is printing more and more money out of thin air but which country isn't.

In times when the economy is falling hard and the demand to spend is rising high, where are you going to get the money? How would you be able to support the spending demand if the economy is not producing anything? Of course, by printing money out of thin air. And this not just very much acceptable but also an integral feature of the current financial and monetary systems.

Interestingly no one has replied to  your post.

Uhmm at which part of that Stimulus announcement mentioned that Australia will be printing more money as there response to the COVID-19 pandemic? Because from how I understand the addition 66.1$ AUD will be coming from the reserve bank of Australia and not from printing it. TBH if Australia thinks that they will be helping the economy through printing more money they are actually gonna worsen the situation of their economy if they did that as printing more money is never a solution to any financial crisis. If you think that this will boost some kind of adoption for Bitcoin then think again, the price against AUD might go up but it will just be from inflation and not actual demand for Bitcoin.

I don't see any mention of printing money in the article of KPMG. May be I have missed it so can you please quote the statement which says Australian treasury is printing billions and billions of AUD?

Little bit of money printing is ongoing worldwide and not limited to Australia. However, all central banks are super cautions about it because they have seen live examples like Zimbabwe or Venezuela in recent past. Proving additional liquidity doesn't always mean printing of money. It also means access to cheaper bank loans, reduced interest rates and providing relief to the businesses in forms of tax cut or loan moratorium. 

I believe, no government would do such stupidity of printing billions of dollars to safeguard the economy. Because it will then have a negative impact on the value of their currency.

Agreed, money printing is out of control not only in Australia but all over the world so this is not a difficult prediction, what I wonder is how long this can maintained? How long can countries around the world pull the same trick over and over again and people still be dumbfounded about it? When will people realize that while they work really hard to get their money the government and banks can just print more of it out of thin air and they can use it and it has the same value as the money they earned.

Many big countries already announce that they will print more money to help survive the economy and use it for the response on Covid-19 but I don’t see on the article that AU will also print more money.

Printing more money can affect the economy as well, every country knows this so I don’t think they will do it without a proper plan. Many countries print their own money almost daily just to reach their target volume so this is not new anymore the only difference here is the volume that they will print that matters.

What is the new point you want to add? The last update of that quote has been since the 14th of last month. We also know that many countries are deliberately printing more money to stimulate the economy, but the most important question is the extent of the impact of financial reforms packages on the future economic crisis?

The complete closure due to Covid-19 imposed a new equation, and therefore solutions that can be considered bad may be beneficial and vice versa, no one knows the extent of the impact that will occur in the future, but if you want to risk, BTC may be a good option.

Money printing can cause inflation that's why they should regulate it properly so that it doesn't cause another economic issues. Some governments are printing a lot of money so that they can somehow regulate their economy and the market properly but mostly it didn't went that way. Some are just experiencing inflation due to uncontrolled printing of money that causes the demand to increase which is not good for those businesses and the country.

Anyone knows who this polo7 guy is? He keeps starting up topics all around the forum and he writes in a very bad English about silly stuff that doesn't really warrant a new topic, and even if lets say it does, he keeps doing that over and over again, I do not understand what could be the point of what he is doing, is it more personal approach type of thing? Is it some sort of gain from having too many topics?

Nobody gives merit to him neither so there is no gain from it so I do not know what his point is. I guess the best case could be starting out a brand, could be a bad brand but some people like that over no attention at all. I hope that one day he will stop, this is getting a bit annoying, Australia printing money is not a topic, it is something everyone else does as well.

i share my knowledge first i proof then i ask money thats what it is

This is expected already LOLS.
Please share your prediction for the next year :)

U.S started it and now other countries including Australia are doing it for their economy to be saved. Your'e affected by the QE that the government has been doing?? Better hedge and invest your fiat money to different assets.

next year  we will see alot economic growth

are you sure you mean "growth"? and compared to when? the peak of the pandemic when everything is shut down? that would be obvious. but compared to pre pandemic, not at all.
with the way the governments have been printing money for about 9 months now (good job predicting it 8 months after they began haha) we would be lucky if we don't see a crisis.

Why wouldn't have you been right ?

-Australia was devastated from natural causes long before COVID-19 came

- The cases are far better as compared to other countries

- Just 2 days before one of the biggest performers in the market did suffer a huge dump in the value


Even though we wouldn't have had this news still there would still have been cases of money being printed , not just there but in every country around the world , its a pandemic that we are facing that's normal.

Isn't it that's what every country is aiming for? at least so see some significant gains but because of the pandemic (and I believed it will continue till 2021), it will be difficult to recover. There might be small %, but I don't see it as economic growth. As for Australia printing money? That's what the equal response of nation today, so it's pretty obvious by now.

Majority of the countries admitted that they are really printing money out of thin air to use for addressing the covid-19 pandemic. And yes, certainly it isn’t just Australia that’s doing it.

It was on the news on the months of June and July that America has been printing money in order to oppose the economic effects of the pandemic. Basically, these countries including Australia, has been printing money to be used by their government to buy bonds from some institutions. Their aim is to lower the interest rates from debts and loans so that the business enterprises will borrow money to expand and improve their establishments, and for the citizens to spend more. During this process, they are expecting to revive and see an economic growth.

It was said on the article I’ve read that there isn’t a need to worry about hyperinflation since their inflation is low and stable as of the moment. However, quantitative easing shouldn’t be used for a long time and must be really regulated. Otherwise, the country’s economy will just worsen. Its  purpose should only be for emergency and should be controlled. For sure Australia don’t want their currency’s value to go down the track like both countries you’ve mentioned.

The future depends on a lot of factors. Yeah excessive money printing will not shape our future like the way we'd want or like. But this pandemic forced governments to do a lot of things. 2021 shall be the year to witness the outcome!

Every country is printing money in these hard days, 2021 will be the year of inflation

I really doubt that we are going to be that lucky and my reasoning for this is that even after all of that money that has been printed out of nowhere the economy is still suffering, unemployment is still sky high, businesses are closing, and even if the stock market recovered we know that recovery is false and we are probably bound to see another crash and I do not know if at that time the governments will have the money to save all of those that have made bad bets.

Australia could recover its economy quickly the after COVID19. I am amazed how it managed to contain the pandemic in the country. Everything was possible because of the discipline of its citizens. As  for the economy, Australia has created a recovery plan at all levels with aspirations of obtaining good results. It would be ideal if all the countries of the world were sharing the decrease in Covid19 infections like Australia. The economic future would be more encouraging.

It is not a big surprise that many countries are printing money to maintain their economy, US printed out trillions and now Australia and many countries will follow that path and the purpose is to have a flow of money in the market and the problem that we will encounter is that if they are not careful the chances of inflation and a major crisis will be inevitable. I will be surprised if the world economy does not go into depression in the next 2 years.

Many countries have taken steps to save the economy by printing money. So it is not only Australia that does money printing,
even big countries like Japan and the US do it in large quantities. If they are not careful, the money printing policy will have
bad effects in the future, the possibility of hyper inflation as happened in Venezuela.

I don't understand whether printing money in Australia is right on target or not. In my country, even though the government has printed money, the money cannot be absorbed by the public, because commercial banks do not want to distribute credit in a situation like this with the potential for bad credit.

The Australian Central Bank certainly wants to boost the economy by expanding loan facilities to support household expenditures which make a major contribution to the turnover of the Australian economy. Australia is one of the countries experiencing a recession after its GDP fell 7% in Q2. As happened in many countries, the lockdown has also had a negative impact on the economy of a country as prudent as Australia, which was previously free from the impact of the 1998 Asian economic crisis and the 2008 subprime mortgage. All parties currently continue to question how quickly businesses can bounce back after the health crisis, due to controlled Covid-19 which allows business activities to be resumed. Economic growth is predicted to start in Q3 . However, the impact of Covid-19 is sure to cast a long and drawn-out shadow on the global economy and Australia's recovery.

Money printing doesn't really that bad if you are in the government's shoes. The government needs to release the simulate package to help people recover and get back to business or at least, can stay afloat with the aid package. Bank's interest rate also got reduced to simulate people to take a loan and they also the one receive the aid packages from the government as well. With many expecters forecast that the world's economy is in decline and GDP contraction, inflation is the last thing on your mind when there is a way to help your country's economy patch up to recovery.

AFAIK the main issue with inflation is it having been redefined decades ago, to illustrate a prettier picture of the economy than what facts might reveal. The federal reserve often reports an inflation rate of 3%. Using the old definition of inflation the real rate of inflation would be closer to 10%. These numbers can be important as they represent how much a person's savings must appreciate in value in order to avoid depreciation.

They're also important in terms of wage devaluation. The EU has a standard whereby worker wages are compared to inflation to retain some semblance of wage equality. I wouldn't view their system as representing a gold standard but its much better than how the united states does things.

Inflation is often utilized as a means of wealth redistribution. It conceals and masks how larger proportions of income are often distributed to top earners at the expense of lower income brackets.

They have to deceive people this is why inflation was redefined long time ago, however while the definition may have changed people can make a simple exercise that will reveal the true inflation in a country, do you remember what was the price of a product years ago? If you can then compare it to the current price of the same product and you will get a rough idea of the true inflation during that period and not surprisingly I find out that your observation of inflation being closer to 10% is correct.

Indeed. Printing money doesn't increase economic status. It will only increase the amount of money circulating in one economy because consumers can demand more goods. But the same number of goods will have high prices, and it will only cause inflation that will happen in the year 2021 because not only Australia is printing money today.

Why are you opening another thread with the same topic? See here ----> https://bitcointalk.org/index.php?topic=5267515.0 

I would suggest that you close the previous thread and keep this one open for the discussion.. because it serve no purpose to have both threads.

Now back to the discussion... Australia is part of the global economy now and the recent trend in global finance is for governments to stimulate their economy with a injection of fiat cash. (or otherwise known as Toilet paper money)

Governments do not know what else to do to keep the house of cards from collapsing... the Covid-19 pandemic bumped against the table, so they are putting more cards on the house to make it look that it is more stable.  :P