The production of money... is SCAM!

[jademaxsuy]

Printing money is the right of the country concerned, however, printing money cannot be done carelessly, the government of a country will calculate the amount of money printed to circulate in its country as needed, because if not, inflation will occur (decrease in currency) because of the large amount of money circulating will increase the price of the price and decrease the value of the currency.

of course, printing money is based on the growth of the economy. Usually, there will be an inflation that will going to happen every after additional printing of notes. This will relatively degrades the value of the money after adding its numbers. But, I do not think that this is considered as scam. It seems that fiat currency has been useful in every economy even from the past years of the economy of the country until up to now the present.

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[Naida_BR]

Printing money is the right of the country concerned, however, printing money cannot be done carelessly, the government of a country will calculate the amount of money printed to circulate in its country as needed, because if not, inflation will occur (decrease in currency) because of the large amount of money circulating will increase the price of the price and decrease the value of the currency.

At the beginning of your statement it seems like you support the act of printing money.
As you said, printing money is very dangerous for inflation and it is the way why taxes go up along with the prices making people poorer.

[thehun]

Printing money is the right of the country concerned, however, printing money cannot be done carelessly, the government of a country will calculate the amount of money printed to circulate in its country as needed, because if not, inflation will occur (decrease in currency) because of the large amount of money circulating will increase the price of the price and decrease the value of the currency.

This is generally true. However, the USD is an exception to this rule as they have the capacity to export inflation since virtually all goods around the globe are traded in USD, and they have been very keen to make sure it continues this way. The downfall of Gadafi in Lybia had a lot to do with this.

https://www.thenewamerican.com/economy/markets/item/4630-gadhafi-s-gold-money-plan-would-have-devastated-dollar

[inashed]

You can not print money endlessly. This approach is completely contrary to the laws of economics and will inevitably lead to a depreciation of the currency.

Most crypto where we will reach the last coin at a very distant future is basically this, Yet I see people complaining about 100% premined (like nxt, not like ripple) coins all the time.

[Indamuck]

Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?

He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."

He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"

So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses  

Devalues the currency for everyone else so it was a loss on taxpayers.  If people continue to worship the dollar like it has actual value this will continue.  If everyone rose up and stopped using fiat money it would send a very real message to the government.

[jak3]

It was expected from the banks as whenever they need money they just take loans from the central banks and the central bank is responsible for printing more money. I get it printing more money does need a lot of permissions and a lot of things but that is rude. They are literally putting their burden on everyone in the country. By loading the scarcity of the value of money and printing more money means increasing each and every value on the market products. This is a big scam.

[STT]

Ben is correct so long as they reverse QE then it would have been all ok.   Strict book keeping is fine, Keynes had this system but they ignored it.

This is also in simple terms why many consider the use of credit cards to be detrimental to your finances.   It doesnt have to be true but in the vast majority, credit cards are such a profitable business for the banks because normal people make so many mistakes when given 'new' money.  
    Same deal applies to QE, expansion on the monetary base on this scale is extremely dangerous because its nearly impossible to reverse without creating a large gap in the budget from reversal and cancellation of the QE bonds.   If the bonds are never reversed then it was newly printed money gifted to those nearest and dearest to the government such as banks who as primary dealers then store large amounts of debt as security.    Its a house of cards with both sides relying on each other


The deal with Keynes was to run a surplus in a positive GDP situation.   Fiscal budgets are not in surplus nor many other spending programs.    QE would be stated as a failure but those words alone could cause a recession, so will never be said similar to how a bank run starts silently.

[D3m1r4wanti]

At the beginning of your statement it seems like you support the act of printing money.
As you said, printing money is very dangerous for inflation and it is the way why taxes go up along with the prices making people poorer.

Please read back what I wrote, I give the statement that printing money is the right of the country concerned, does not mean I support it.

then what is your comment with my statement? it looks like you are just repeating what I said  

I do not think that this is considered as scam. It seems that fiat currency has been useful in every economy even from the past years of the economy of the country until up to now the present.

I also do not call it a SCAM, but it would be very dangerous if the currency printing was done without a careful calculation from the economic experts of a country.

[indrakusumaindra]

Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?

He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."

He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"

So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses  

yeah i always think that the production of money is scam and it leads into fluctuation and i dont know the good reasons of making more money. I do believe the more money in market means the less value of the money is, which is means the poorer the citizens whom hold the money.

[Leh-Meh]

The government is the biggest scammer and this is within their control. The financial system that been hit by this massive fraud in wall street. Oh, I forgot that mainstream media and the likes are on the same channel and part of this since they're the main information sources in our society. Mind conditioning and paid news shelling is one of they're profiting from. Politics do control everything in this world and that's what we get from being a puppet of this corrupt and self centered public servants.

People must go back in the woods. Hunt pigs, take figs, fruits etc.. from forest and mountains.

[DigitalCyberius]

Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?

He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."

He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"

So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses  

Yes, freely creating money out of thin air (and loaning it at debt I believe to the banks), very corrupt. What do you think will happen?

On a slightly different note, fiat currency doesn't have a good track record in history. What do you think will happen to the USD and other world fiat currencies?

Have a good day,
The Cyberius team.

 

[Snaic]

The government is the biggest scammer and this is within their control. The financial system that been hit by this massive fraud in wall street. Oh, I forgot that mainstream media and the likes are on the same channel and part of this since they're the main information sources in our society. Mind conditioning and paid news shelling is one of they're profiting from. Politics do control everything in this world and that's what we get from being a puppet of this corrupt and self centered public servants.

People must go back in the woods. Hunt pigs, take figs, fruits etc.. from forest and mountains.

We are always very hard on the state.  Most likely, it is officials who do more harm than the state itself.  No one is against driving on good roads, living in safety and receiving social guarantees.  and much more that is funded by the state.  Of course, the state wallet exists from the taxpayers' funds, but nevertheless, for most, such a system is more than suitable. 

[akram143]

I need something about the money that the money will not be printed by any country or any other government are the World bank is only printed out by the private that is the shocking thing that the money will not been owned by any government or any country

[Irvinn]

If there is a problem regarding printed money, it means that gold and silver coins should be minted.  As it was in the old days.  If you have gold or silver coins in your pocket, then you have not just paper, as it is now, but real value. 

[iMark]

Printing money is the right of the country concerned, however, printing money cannot be done carelessly, the government of a country will calculate the amount of money printed to circulate in its country as needed, because if not, inflation will occur (decrease in currency) because of the large amount of money circulating will increase the price of the price and decrease the value of the currency.

Thats right, it is the authority of the government, and of course they have calculated it carefully, it is not possible for them to print money without calculation, it can actually make their currencies worthless. printing money is not a scam, it is to maintain economic stability in that country

[DigitalGemToken]

Yeah, the bad thing about fiat currencies is that the supply is unlimited and can be printed at will.

That's why people are flocking to Bitcoin and other cryptocurrencies because they are limited in how much that can be issued.

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[jestbenen8]

Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?

He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."

He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"

So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses  

Money is not the problem you're having, it's the government. They are the ones who tries to ruin everything. Any country with a bad government is doomed, unless they find a way to remove the bad people from seat, if not they will keep on facing the same problems. That's the kind of problem that developing countries are having, most of their leaders are full time criminals who keeps stealing from their countries and sending them overseas and ruining the countries economy, creating high rate of poverty. So yes, the leaders are the problems we are having. If the people will grow to stand against every bad leader, then things will get better. But if you keep on pretending that fiat is the problem you have, then you should know that cryptocurrency is money as well and should be considered worst than the fiat.

[Irvinn]

Printing money is the right of the country concerned, however, printing money cannot be done carelessly, the government of a country will calculate the amount of money printed to circulate in its country as needed, because if not, inflation will occur (decrease in currency) because of the large amount of money circulating will increase the price of the price and decrease the value of the currency.

Thats right, it is the authority of the government, and of course they have calculated it carefully, it is not possible for them to print money without calculation, it can actually make their currencies worthless. printing money is not a scam, it is to maintain economic stability in that country

A national currency, like the national symbols of any country, must exist.  Each government administers its country according to a predetermined plan within the clear framework of the law.  Money that has good value at the international level is not only an image for the country, but also for the good life of citizens.  There is nothing wrong with printing money if it is not counterfeiters or not money that is issued in more quantities than the gold reserves of the country allow.

[ck343]

Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?

He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."

He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"

Basically there are 2 ways to steal money from the people

1) Taxes
2) Depreciating people's money

Nr. 1 is made by the Govs
Nr. 2 is made by the central banks (currency production --> currency depreciation)

Nr. 2 is much more painless, so it is the preferred way of the Govs, as the mass media have succeeded to convince us that inflation is normal.

[Ozero]

No, we can not say that printing paper money in the state is a scam. This is absolutely normal for any economy and any state. If it is economically justified and there is no abuse by the government, then it contributes to its economic growth. Banknotes wear out and require replacement in a period of from one to seven years depending on the nominal value. In addition, central banks have the right to print paper money in the amount of an increase in national gross income. So this is not a scam, it is the laws of economics.