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Author Topic: BI: 6 Charts showing banks recklessly printing money  (Read 790 times)
jgarzik
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February 21, 2011, 07:57:22 PM
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6 Charts Which Prove That Central Banks All Over The Globe Are Recklessly Printing Money
URL: http://www.businessinsider.com/6-charts-which-prove-that-central-banks-all-over-the-globe-are-recklessly-printing-money-2011-2


Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
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February 21, 2011, 08:10:44 PM
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Move to economics section?

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February 21, 2011, 08:16:03 PM
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Good news for bitcoin. Bad news for central banks.

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February 21, 2011, 08:32:39 PM
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Log charts maybe better? Those don't look particularly bad to me, but I can see how they'd look bad to some.

I'm reading BOJ doubled inside of ~1yr then again in 6yr then again in 14 - wait, wtf it's measured in USD. Why don't we look at a graph of bitcoin money base in terms of USD? Because that would be retarded. How about the supply of gold in USD to see if someone is printing gold like mad?

This is a US fluffer imo. "Look everyone is doing it". Um, no.

http://en.wikipedia.org/wiki/File:Money_supply_of_japan.gif

Not even a log chart, but gives a much more accurate picture.

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