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."
