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Author Topic: Why not just print dollars?  (Read 29243 times)
morantis
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June 05, 2016, 10:17:26 PM
 #261

In order to print or make your own money you need to build an audience that will trust and accept it. Any tender legal or otherwise only has value because a certain group of people put value in it.



I think I should to add something with you, On this situation printable paper is just for wastage because the time for digital world and everything going to be online so printable Dollar will disappear. 

this is funny! you realize that dollar wont be oppress by bitcoin and even if dollar disappear
they will just make another currency. bitcoin is not a currency for a country so it is best to become
a alternate currency. and besides dollar becoming digital will be problematic too.

i just had this discussion today at the office.  to print more of the current currency would mean that its value compared to other currencies would drop

if there still was a gold standard, each $1 bill should be worth $1 in gold, it is not the case anymore, but you get the idea.  so, if there is 1,000,000 dollar bills in circulation and 1,000,000 pounds of gold in the treasury, that means each dollar is worth a pound of gold

another country has 1,000,000 units and 500,000 pounds of gold, so their currency is valued at 1/2 pound of gold per currency unit

NOW, that means that we can buy two of their currency for one of ours, a good strong global economy, if we then print another million dollars and distribute it, our value becomes the same as theirs, 1/2 pound of gold per currency unit and our global number goes from 2 to 1 to 1 to 1, we lose global power and market control

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

that is the basis of not printing our current currency, the previous guys made very valid points for a brand new currency summed up in the very old phrase, "everything is worth what someone will pay for it."
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June 06, 2016, 06:48:00 AM
 #262

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

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July 07, 2016, 04:07:23 PM
 #263

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

Why borrow dollars and then pay back by printing them?

Why take the long way around?
That is just a dumb thing to do to print Dollar you are going to get caught with in no time of you do not know what you are doing.
How are you going to do it is one you will have to have some serious connection to make it possible.


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July 07, 2016, 04:31:06 PM
 #264

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

Why borrow dollars and then pay back by printing them?

Why take the long way around?
That is just a dumb thing to do to print Dollar you are going to get caught with in no time of you do not know what you are doing.
How are you going to do it is one you will have to have some serious connection to make it possible.
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

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July 07, 2016, 05:36:37 PM
 #265

Why borrow dollars and then pay back by printing them?

Why take the long way around?

Printing dollars (or any other fiat) can decrease the value of that kind of money, just imagine the same with bitcoin (if people can generate more bitcoin besides the total of 21M bitcoins) then the bitcoin price would be decreased too much because the more coins are available the less the value will be.

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July 07, 2016, 05:46:53 PM
 #266

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

Why borrow dollars and then pay back by printing them?

Why take the long way around?
That is just a dumb thing to do to print Dollar you are going to get caught with in no time of you do not know what you are doing.
How are you going to do it is one you will have to have some serious connection to make it possible.
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
If I remember the inflation rate for the USD is 0.85%, which is actually quite small. Compared to the Chinese Renminbi, which is at 2% inflation, and the Russian Ruble which is at 7.3% inflation, <1% inflation is not bad for a large superpower and developed country.

The US, if it really wanted to, could just default on a majority of it's debts in the worst, worst case. It wouldn't necessarily destroy the currency, free the American government, however it would definitely be rough for getting debt again in the future.














 

 

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Rostadom
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July 19, 2016, 04:21:33 PM
 #267

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

Why borrow dollars and then pay back by printing them?

Why take the long way around?
That is just a dumb thing to do to print Dollar you are going to get caught with in no time of you do not know what you are doing.
How are you going to do it is one you will have to have some serious connection to make it possible.
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
If I remember the inflation rate for the USD is 0.85%, which is actually quite small. Compared to the Chinese Renminbi, which is at 2% inflation, and the Russian Ruble which is at 7.3% inflation, <1% inflation is not bad for a large superpower and developed country.

The US, if it really wanted to, could just default on a majority of it's debts in the worst, worst case. It wouldn't necessarily destroy the currency, free the American government, however it would definitely be rough for getting debt again in the future.

In the US, the government does not have default on its debt. There is no need, it will just inflate away the debt.

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July 19, 2016, 05:00:19 PM
 #268

The US, if it really wanted to, could just default on a majority of it's debts in the worst, worst case. It wouldn't necessarily destroy the currency, free the American government, however it would definitely be rough for getting debt again in the future.

In the US, the government does not have default on its debt. There is no need, it will just inflate away the debt.

And blow its economy to smithereens in the process. In short, you can't just take and inflate your debt

serjent05
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July 19, 2016, 06:01:18 PM
 #269

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

Why borrow dollars and then pay back by printing them?

Why take the long way around?

You cant print dollar whenever you want.  The main reason is that the more printed money in circulation, the more less value it will be.  So the government is just protecting the value of its currency.  Money-creation and growth in money supply is not bad in and of itself, but it must be based on economic fundamentals. If there is not a corresponding increase in the production of goods and services, then inflation will erupt, as too much money chases the same amount of goods and services and prices are bid up.

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praprata
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July 20, 2016, 09:18:20 AM
 #270

You can't print paper money without the specific material to do it... Cryptocurrency is a whole new revolution!
You are not going to be able to print Dollars it is a serious crime and you will need to know some serious people if you want to accomplish that.
You are just going to get your self caught because they can see it right away what is fake these day.


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July 21, 2016, 03:10:47 PM
 #271

Printing money causing bubble to grow more and more
until it burst..We must go back to gold standard!

The money printing by the FED through QE has created the oil price bubble. It is bursted now, taking down the world economy with it.
You are not going to be able to print money because they are going to get you with in no time so do not even try it.
You need to have some serious people around you if you want to even try it.
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July 22, 2016, 05:49:59 PM
 #272

You can't print paper money without the specific material to do it... Cryptocurrency is a whole new revolution!
You are not going to be able to print Dollars it is a serious crime and you will need to know some serious people if you want to accomplish that.
You are just going to get your self caught because they can see it right away what is fake these day.

It's actually quite easy to see if it's fake.  Look for the words "US Dollar" or something similar written on the note , that's a clear indicator it's fake money. 

"Give me control over a coin's checkpoints and I care not who mines its blocks."
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newcoins1978
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July 22, 2016, 08:03:36 PM
 #273

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.
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July 22, 2016, 08:12:42 PM
 #274

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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August 02, 2016, 04:10:52 PM
 #275

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.

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August 06, 2016, 07:18:57 AM
 #276

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. 
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August 06, 2016, 07:47:23 AM
 #277

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.

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August 17, 2016, 07:28:10 AM
 #278

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.

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August 17, 2016, 08:54:50 AM
 #279

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.
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August 17, 2016, 12:32:25 PM
 #280

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

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