francojon
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Activity: 238
Merit: 11
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February 24, 2018, 10:05:19 PM |
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It's when I see this kind of question that I understand how big is the necessity to give a basic financial education to population.
But I suspect that governments prefer to keep the people in ignorance, so they can't understand what misuse politicians do of public money...
Because wealth is created by printing money if you just print dollars without increasing the wealth we'll get inflation or even hyperinflation. The law of supply and demand will always apply. Oh it is well known and very obvious... but it is also very true that many government do it because it keeps people happy for a while, until they start noticing the dirty trick |
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Scavagers
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February 25, 2018, 06:45:38 PM |
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you can not just print money for paying debts, for your information, the amount of money is relative to the economic status of a certain country and it needs resources to do so. Printing is not as easy as it sounds because it has process that it undergoes not just print and print until you have enough money. If a country printed more money and not considering their economical status, then that money will become worthless or has less value. If it is used to pay debts, it will affect the economy of a country,there will be inflation or something like that.If you recall on your economics class, the law of demand and supply plays a big role here because you can not just easily increase your supply because it has a great negative effect on the economy of a certain country. |
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frillyblockG
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March 15, 2018, 03:24:33 PM |
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I didn't knew it before that bitcoins can also be paper printed? -_-
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clex_us
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March 15, 2018, 05:55:36 PM |
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Bitcoin is a virtual currency, it is not material so we can not print or copy it. That is the essence of virtual currency. Besides, it has a limited amount to ensure that the market is stable and out of control.
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Tiktik
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March 16, 2018, 06:14:56 AM |
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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 |
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Klestar
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March 16, 2018, 06:18:45 AM |
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There is a like a billion economical reasons why shouldn’t governments do that but the simplest reason would be that there would be a whole lot more cash in the market and the more cash there are in the World means the less it will worth. Say you have 1 apple and you are hungry and someone came in and said he will give you 10 dollars for your apple, you would refuse it because you are hungry and you need it but if you have 1000 apples and hungry and someone says he would pay 10 dollars per apple you would sell like 990 of them. Meaning the more cash there is , the less worthy it will have. |
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PatronRH
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March 16, 2018, 06:39:00 AM |
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Doesn't work like that. That will simply cause a severe inflation which is by definition the increasing amount of money thus the increase of prices doing that by loans makes us able to regulate inflation by making laws that facilitate or harden getting loans
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Sled
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March 16, 2018, 08:42:40 AM |
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Doesn't work like that. That will simply cause a severe inflation which is by definition the increasing amount of money thus the increase of prices doing that by loans makes us able to regulate inflation by making laws that facilitate or harden getting loans
It will surely increase the rate of the inflation in the whole world and that will become the main reason for the fiat currencies to fail because an aggressive printing of the fiat will not give any benefit to the people but a problem to think everyday because their money will be useless and there will be no proper way of exchanging currency to an item because most of the currencies will be worthless. |
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arthotdog
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March 16, 2018, 08:54:56 AM |
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Well, when I sustain that there is a big need of general financial education, it seems that I have good reasons...
It's not worth to answer of course; all what I can say is: go on wikipedia and search the word "inflation".
this is nothing to go possible because no country will do such things unless they want to be proclaimed as the lowest economic country.since this sign of being that..inflation and in balanced of economic will happen that will lead to corruption and political manpower |
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snedyolo
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March 16, 2018, 08:58:19 AM |
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Well, it’s not as simple as that. Every printed money is recorded in the world bank, I pressume. It is important that they keep a record of every additional cash because it may disrupt the balance of the world economy. Just imagine if we keep on printing money, then there will be no sense as to why we need to work for it. |
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whyrqa
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March 16, 2018, 09:40:40 AM |
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Well, when I sustain that there is a big need of general financial education, it seems that I have good reasons...
It's not worth to answer of course; all what I can say is: go on wikipedia and search the word "inflation".
this is nothing to go possible because no country will do such things unless they want to be proclaimed as the lowest economic country.since this sign of being that..inflation and in balanced of economic will happen that will lead to corruption and political manpower Anyway Only people suffer from this, in any case, only inflation can remove a certain amount of currency from the market, but the number of pieces of paper will not solve the problem. |
#business #forextrader #bitcoinnews #invest
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sserge009
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March 16, 2018, 10:14:51 PM |
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That's to solve such issues and there was a crypto currency. world banks have long been entangled in mutual debt obligations and are in deep crisis. This partly explains their fear of bitcoin.
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Lupus Solitarius
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March 16, 2018, 10:41:41 PM |
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This kind of post put myself in good humor at the beginning, but then they make me realize how much need there is of financial education in the world ...
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hygroscopicgymnasium3
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March 16, 2018, 10:46:24 PM |
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I don't think it has advantages! except for the fact that it will be more secure in our pocket than in globall circular
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Samk
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March 17, 2018, 07:17:55 AM |
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ITS NOT LIKE THAT WHATEVER MONEY U WANT TO PRINT U CAN PRINT. IF ANY ECONOMY WANT TO PRINT MONEY THEN THEY SHOULD HAVE A EQUIVALENT GOLD IN THE RESERVE. AND ALSO SEEN THE RATES OF INFLATION AND LESS MONEY IS PRINTED TO CONTROL THE INFLATION. IF ANY ECONOMY PRINT MORE MONEY THAN NEEDED THEN THEY DO NOT BECOME HIGH GDP ECONOMY THEY SIMPLY LOOSE THE VALUE OF THEIR OWN CURRENCY COMPARE TO US DOLLAR.
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setialovers
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March 17, 2018, 07:27:08 AM |
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The best thing about bitcoin is bitcoin have limited supply and not any institution can controll. Different with dollars, dollars controlled by central bank and central bank have right to print money like they want and thats causing economic cirisis around the world |
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volcanofetusK
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March 17, 2018, 04:58:36 PM |
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I think that may solve the problem for beggars in future in dealing with bitcoins
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ajdaj
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March 17, 2018, 05:32:24 PM |
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The best thing about bitcoin is bitcoin have limited supply and not any institution can controll. Different with dollars, dollars controlled by central bank and central bank have right to print money like they want and thats causing economic cirisis around the world Despite the fact that dollars are aging and you have to print new bills, still paper money is a little more profitable, because the crypto currency can disappear at any time when electricity or the Internet disappears. |
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alval
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March 17, 2018, 06:40:03 PM |
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because there is a regulation which controls the circulations of the dollar
could you imagine if the dollar can be printed easily. there is a huge inflation of hundred maybe thousand percent
it's will cause many problem threads such as everything whether needs or not will have a huge value
you could buy one thing in millions. cash and how you bring it on manually
yet there's are many problems will cause that could be mentioned one by one here. every economy expertise had known it well especially the bad impact that will generate.
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bilyboy
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March 17, 2018, 07:35:53 PM |
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Because the more dollars you print, the lesser its value will be. It's like the law of supply and demand when we have so much supply of something, its value will be lesser whereas when a supply is lesser and demand is higher then the price would surge up. More printing of dollars means more money and the result would be inflation
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