The Continuous Printing of Money

[wahyu wida]

it's true that printing money is not an easy matter that can cause problems, of course this might have to be considered because their politicians are very cunning and greedy. for that the government is better off adopting crypto with a supply that is clear and cannot be multiplied

Well, we can't stop the government. All I know is that they are printing money based on the number they needed. If they will be printing money, as far as I know, the value of that currency will go down hence inflation will happen. I don't think the government will even consider btc or any other crpyto currency to use, they will never control it and people will be able to transact money without them knowing and they don't want that too.

to print money does not have anything to do with bitcoin or cryptocurrency as a consideration. but it does have to have gold reserves. with continuous money printing, it will certainly cause inflation, so the value of the money becomes more worthless to buy an item

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[izanagi narukami]

Inflation also make me think hard to make another investment that profitable and less risk.
Crypto become the answer and for some how, it's really proven profitable although most crypto have the volatile risk.

So what to stay away from inflation ?
Invest is the best way, not just save it into the bank !

[sheenshane]

I can tell that a moment will come where the Venezuelan will cry out loud and will regret its decision of printing more money from a central bank. I don't really understand or are they lacking financial and economic education?

Did they elect and chose uneducated people to become their executives and President? I can find them poor with this. Even if I don't live in Venezuela, I can feel the hurting feeling as some of their people does not even know what's happening. I can also tell that there will be a moment where the people will blame themselves by not going to school and take education.

[Dreamchaser21]

if the financial coming worse and solved by printing with more money, it is a very bad decision because it will worsen the situation. More money will make the value of money decreasing

It can also make the inflation more worst if the government continues to print money. Continuous printing is bad at all, they can’t do that everyday and because of this cryptocurrency are more expensive than the fiat money because of the limited supply.

[XFlowZion]

it's true that printing money is not an easy matter that can cause problems, of course this might have to be considered because their politicians are very cunning and greedy. for that the government is better off adopting crypto with a supply that is clear and cannot be multiplied

Well, we can't stop the government. All I know is that they are printing money based on the number they needed. If they will be printing money, as far as I know, the value of that currency will go down hence inflation will happen. I don't think the government will even consider btc or any other crpyto currency to use, they will never control it and people will be able to transact money without them knowing and they don't want that too.

to print money does not have anything to do with bitcoin or cryptocurrency as a consideration. but it does have to have gold reserves. with continuous money printing, it will certainly cause inflation, so the value of the money becomes more worthless to buy an item

I disagree because cryptocurrency exists for that reason. To be an alternative currency for those countries who always abuse their powers in their government. Even a 1st world country like US can still be in chaos when just one of their future leaders becomes greedy. Decentralization is the best because power sometimes can really make you uncontrollable.

[tonyvo2017]

Yes, and Venezuela is one of the best examples. But it seems that the world knows how to fight inflation. they will invest all their money into Crypto or gold. This is one of the great ways to be able to make a profit for them despite the country's economy being degraded.
If this is a trend, we will easily see the price of altcoins growing strongly in the future! This is really a great effect.

[adamlillian]

This is really a big problem and an example for other countries to follow. Venezuela actually made a very wrong policy and they paid the price. I really feel so sorry for the people of Venezuela. they have to migrate to other countries and some stay behind to live in riots. This is truly a memorable event in history.

[Carreuh]

Printing that will continually cause inflation in countries that do excessive printing of money, maybe in that country money will be worthless again so that all expensive prices become expensive and this will create chaos in the state itself starting from economic, social, political and  so, therefore, excessive printing of money makes the country more and more left behind

[1Referee]

I can tell that a moment will come where the Venezuelan will cry out loud and will regret its decision of printing more money from a central bank. I don't really understand or are they lacking financial and economic education?

I think it's a combination of ignorance in the economics field, and greed. Some governments choose the easiest way out, which is to keep printing money to fill up gaps, but with how poorly lead their economies are, there are too many gaps to fill. For every gap you fill there are a few other gaps that also need to be filled, and this endless cycle will absolutely trash the value of your fiat currency.

It's like you are trying to fill up a bucket with water while there is a hole in the bottom of the bucket. No matter how often you try to fill the bucket, it always ends up empty.

I can also tell that there will be a moment where the people will blame themselves by not going to school and take education.

The situation there is hard to fathom for most westerners. These people have different priorities due to the poor circumstances they live in. Their main priority is to have food on the table, which requires even the youngest in the family to collect plastic or paper to earn a few bucks.

[betty11]

Government that does nothing but to collect tax from the people to meet expenses, when the tax is not enough, they simply borrow to finance budget, and they keep printing more money with plans to pay back (they don't pay back in the real sense, because they are going to borrow), why not run a better economic? they prefer the economic slavery policy. Look at Zimbabwe today, fiat has failed there.

[South Park]

Doubling the money would directly double up the prices , it means if you used to have x amount of money and now you have 2x and if you wanted to buy a new house and it's value was x before it will now be 2x , so in both cases you have nothing at last , now the bad part is the price , price in case 1 could be controlled and can go down but since inflation is on in case two the price will of course go up and will cause a lot of loss .

We aren't solving any problem we are just adding another that is inflation to it.

If you double the amount of currency in a system the prices can go even higher than that, this may seem odd but it is not, if people have gotten used to the idea that their central bank will keep printing money then once they double the money supply the price of everything will go higher than that since people are now expecting the printing to continue, no only that a supply of money that is expanding so quickly is bad for the economy and will eventually damage it creating a scarcity of products and driving their prices to even higher levels.

[LUCKMCFLY]

The economy where they constantly print money will always have inflation problems, in Venezuela it will always have that kind of problems because the economy is a total disaster, it does not matter if they continue printing or not, the problem has no solution.
In Argentina inflation is happening that can be redeemed, but the pertinent investments must be made so that it does not go to the floor like Venezuela's economy.

 It should be noted that no economist has ever contemplated the scenario of events that Venezuela has, it escapes from the hands and the solutions that could have been studied, it is simply madness.

[ecnalubma]

Well many countries might be doing that secretly printing money but the long term effect is very disastrous. Money is corrupted for centuries,  physically its its not enough and needs transparency. We've been fooled before we exist,  monetary systems need to be revised unless if the government is concerned about the issue.

[Gaff]

Well many countries might be doing that secretly printing money but the long term effect is very disastrous. Money is corrupted for centuries,  physically its its not enough and needs transparency. We've been fooled before we exist,  monetary systems need to be revised unless if the government is concerned about the issue.

Really? If they're doing it secretly without transparency to the people , then the government have to take actions if there's subjections to towards financial conflict. I think there's a regulation on printing money, and I don't believe that these people doing it cannot be traced if such. If there's a continuos printing, it must be within controlled by the central bank of a certain country and it should be based on their financial capability to produced paper money to be circulated for global exchange. Same with crypto, some project we'rent able to be circulated to the market when there's no enough funds to shoulder the entire trading transactions because of capability issues.

[syamster]

Well many countries might be doing that secretly printing money but the long term effect is very disastrous. Money is corrupted for centuries,  physically its its not enough and needs transparency. We've been fooled before we exist,  monetary systems need to be revised unless if the government is concerned about the issue.

Many counties are doing this but I don’t consider paper money anymore because we know now we have much better option to use for purchasing goods and we can make money with it, we can use alternative of paper money, it is fast and safe to use, so I think in future need of paper money will be almost zero people are moving forward to digital currency now.

[LeGaulois]

Funny you mention Venezuela, did you read the news about its inflation? The government hasn't published any information related to it for 3 years and now claim its inflation is at 103,000%. IMF replied the percentage is a lot undervalued and the real rate is surely at 1,000,000% approximatively and will go up to 10 million. How crazy it is, see, printing more money and citizens now can't even buy a bread.

[DoublerHunter]

Continue printing money is not prohibited as long as the money had used with the same value. You actually print more money but it becomes worthless if the money was printed too much. There must a circulation supply of the money in what country you are and we can put a value on it. We don't need to print more money if the value has the same on buying goods it's totally worthless.
More and more money will reduce the value of buying goods.

[SinisterS]

What I always wondered if there's a way for the US in particular go back to 1990s prices. What would have to happen for that to happen? It was just more convenient buying certain small items.

[iv4n]

What I always wondered if there's a way for the US in particular go back to 1990s prices. What would have to happen for that to happen? It was just more convenient buying certain small items.

Inflation eaten your paycheck. With rising inflation your paycheck worth less and less, if inflation is less than expected, creditors benefit and debtors lose. Creditors receive dollar payments from debtors that have a higher real value than was expected. Who are creditors? Banks, governments, some institutions, corporation, handful of people is controlling the rest of the world.
That`s about to change very soon I think. Now we have something we never had before, weapons to fight back, now we have crypto.

[TheUltraElite]

Well many countries might be doing that secretly printing money but the long term effect is very disastrous. Money is corrupted for centuries,  physically its its not enough and needs transparency. We've been fooled before we exist,  monetary systems need to be revised unless if the government is concerned about the issue.

How do you determine a change then? Bitcoin is also money. It is not a prime solution to money. It has a deflationary system and that is what makes it different from printed money but it is still a mode of payment.

If you think money is fooling you then bitcoin is also fooling you. What you saying it driven by a delusional concept that the government is promoting use of fiat just because it fools people - that is wrong and a misconception. Government likes fiat true, but that is being used for a reason. The economy of a bitcoin based so-called uptopia is not feasible. There needs to be a fiat crypto balance to make it feasible.