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Author Topic: The Continuous Printing of Money  (Read 882 times)
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May 30, 2019, 07:15:39 AM
 #81

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.

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May 30, 2019, 07:28:40 AM
 #82

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.

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May 30, 2019, 05:08:38 PM
 #83

Fiat is mostly based around taxes and the national resources under control of a government and enforced taxation and tariffs levied on a population for consumption and in exchange for their production.   So government has a way to tax people no matter what they do, this is a massive positive for Fiat vs Bitcoin which is entirely voluntary and just relies on providing a market globally to match buyers with sellers free of normal restrictions especially online digitally.

They both have a case in their favour and to continue.  The problem FIAT money has is the over use of debt to leverage that advantage held.   Production in a country can be replicated elsewhere and people can even choose to move and do better outside that regime.
FIAT has many alternatives possible if it ever becomes inconvenient and restrictive to business or production populations

Bitcoin has not many negatives to its name which is a necessary feature as it is such a new unsupported standard, the main obvious negative is transaction fees I think.   Again convenience is key and any difficulty in handling, processing or holding Bitcoin would impact on its worth far more severely then FIAT which has legal enforcement to back its value.

In the end I see FIAT as doomed to fail, because it has such a strong hand and it has been over played.   We live in a world with super powers and governments like titans but they will bend the knee to natural dynamics, that is the true order of the world and even in economics phenomena true for thousands of years will come to bear.    Its like an ancient Greek tale, something like King Midas and how too much of one thing is a negative.    The modern world has far too much debt and seemingly it has no way to stop itself from distorting all prices from false value

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May 30, 2019, 06:26:17 PM
 #84

A country that what to be stable financially must control the inflow of money y and interests rate and in time of difficulty  they will be a need to build productions systems that renew the value of the money or currency in international markets. Many countries are in financial mess today because of printing of money to solve economical problems.



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May 30, 2019, 09:52:59 PM
 #85

If there is a large-scale or continuous money printing, this will be very dangerous for the economic stability of a country that does this because there can be a significant inflation, a decline in currency prices which will increase all prices of basic commodities.

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May 31, 2019, 02:06:45 AM
 #86

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.
This is what happens when countries believe they can violate basic accounting principles, they believe that just because they are so big that they do not need to do it, but the truth is that they need to follow those principles like any other person would and the moment they begin to spend more money than what they get in taxes they get in trouble, while it is true that the low price of oil is a factor in the fall of Venezuela any economist knew it was just a matter of time before this happened.



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May 31, 2019, 03:24:19 AM
 #87

Fix your quote everyone, no need to keep quoting the image from OP.

Ten years ago my country faced the same thing. Our national currency depreciated in value and inflation was crazy high. It pushed people to act crazy and blame the minority for their problem. This is an inherent risk in the fiat system, if the government can't manage their inflation, disaster will happen. I hope Venezuela can recover, and other countries won't have the same problem. Let's use sound money, or at least, make sure the government don't do something stupid.
I don't understand why governments like to print a lot of money, especially in some Middle Eastern countries, it seems that their economic knowledge is quite limited. But for people like us, we need to protect our money before letting those stupid people print more money.
We should use money to invest in crypto, its value will certainly increase over time and our money avoids inflation.

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May 31, 2019, 04:19:39 AM
 #88

A long history of fails. Free printing of paper or otherwise worthless money allows unprecedented growth at first, but then the currency inevitably declines to nothing, often causing chaos. Interesting article about China's first attempts at it: http://news.goldseek.com/GoldSeek/1216647867.php 

Even the Romans, though they had coins, would debase them through lowering the valuable content over time, or also by clipping the coins (I believe), which also proved economically detrimental, though temporarily advantageous for the Emperors.

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May 31, 2019, 01:36:44 PM
 #89

If there is a large-scale or continuous money printing, this will be very dangerous for the economic stability of a country that does this because there can be a significant inflation, a decline in currency prices which will increase all prices of basic commodities.
of course there will be inflation if there is a large-scale printing of money that might affect all currencies and this is not good for economic stability.

 
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June 01, 2019, 08:20:17 AM
 #90

If there is a large-scale or continuous money printing, this will be very dangerous for the economic stability of a country that does this because there can be a significant inflation, a decline in currency prices which will increase all prices of basic commodities.
of course there will be inflation if there is a large-scale printing of money that might affect all currencies and this is not good for economic stability.
well, there are already several countries that have gone bankrupt and have lost money because they have printed too much money, it is better for all countries to learn from that mistake so that it does not happen in their country.
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June 01, 2019, 12:09:05 PM
 #91

Printing a lot of money can not result to better things at all. If people knows that the country is printing a lot of money then the price of every goods will also rise a lot, and the buying power of money will go down. There is no benefit on printing too much money.


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indrakusumaindra
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June 01, 2019, 05:35:56 PM
 #92



When your economy is not doing well, the inflation is beyond control and the people are demanding for changes...what will you do? Of course, you will print billions and billions of paper money so you have the budget for anything you want and to solve many monetary problems your country is facing today and into the future. Now to make things spiced up and politically correct, you are going to call the printing of more money as "quantitative easing" a term pregnant with many possibilities, opportunities and threats depending on which of the equation you are located.

In an interesting article, the author likened this quantitative easing to an additive drug even more potent than the usual marijuana or cocaine you can buy on the street. And now, politicians and bureaucrat are getting addictive into it as their easy fix to solve myriad of problems.

Further Read: https://news.bitcoin.com/after-trillions-printed-under-qe-politicians-now-say-deficits-dont-matter/

We all know that eventually, printing of more money can result into disaster in the long-run. This is not like a chili pepper hot sauce that can immediately be felt but definitely this is like pawning the very future of the people.
yes its true that printing the money is one of the flaw on our economy system, but i do think inflation is caused by so many factor such as export and import of goods and services.i do think we should not blame the printing of money but we should take a big picture what might cause it more widely.
Printing a lot of money can not result to better things at all. If people knows that the country is printing a lot of money then the price of every goods will also rise a lot, and the buying power of money will go down. There is no benefit on printing too much money.
I do think sometimes printing money could help the economy of a country but they do need to do it with so much cautious cause it do could impact the economy in negative way.

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June 02, 2019, 01:10:36 AM
 #93

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.
It will never happen becauseevery year the money value keep decreasing due to more money printed by the government which causing the inflation and even we have inflation rate bacteria and it keeps increasing as well.

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June 02, 2019, 11:03:13 AM
 #94

Quote
When your economy is not doing well, the inflation is beyond control and the people are demanding for changes...what will you do? Of course, you will print billions and billions of paper money so you have the budget for anything you want and to solve many monetary problems your country is facing today and into the future. Now to make things spiced up and politically correct, you are going to call the printing of more money as "quantitative easing" a term pregnant with many possibilities, opportunities and threats depending on which of the equation you are located.

In an interesting article, the author likened this quantitative easing to an additive drug even more potent than the usual marijuana or cocaine you can buy on the street. And now, politicians and bureaucrat are getting addictive into it as their easy fix to solve myriad of problems.

Further Read: https://news.bitcoin.com/after-trillions-printed-under-qe-politicians-now-say-deficits-dont-matter/

We all know that eventually, printing of more money can result into disaster in the long-run. This is not like a chili pepper hot sauce that can immediately be felt but definitely this is like pawning the very future of the people.

Printing money per se isn't necessarily a bad thing, just like how lowering interest rates in itself may not be a bad thing but rather, intended to stimulate the economy.

However, if a nation's printing currency completely out of control, has no real economic backbone to rely on in terms of exports other than oil (whose value is extremely volatile), and the country's political regime is quite dysfunctional, then you've got a huge problem led by hyperinflation. And that's why Venezuela is in such deep trouble at the moment.

In order for an individual to protect themselves against these types of abusive policies, traditionally one would look at precious metals as a long term store of value independent of any fiat - but now increasingly, I think people are turning to BTC for the convenience, and this trend will only continue.
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June 04, 2019, 01:12:29 PM
 #95

It will never happen becauseevery year the money value keep decreasing due to more money printed by the government which causing the inflation and even we have inflation rate bacteria and it keeps increasing as well.
Thats is the bad effects of inflation. But the problem here is that there is no practical alternative to it. We may think like kids who dont understand how economics works and how a country is run, but we still talk about crypto becoming a mode of transaction in the global scale. Thats very much unlikely even if one country is set as an example.

There is no taxation system of bitcoin making it a nice tool for some people out there but looking out in the broader scale, who is going to run the country with the tax money is no tax money is coming in? There is literally no explanation to this unless some consensual body is going to collect taxes from bitcoin transactions.

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June 04, 2019, 05:07:50 PM
 #96



When your economy is not doing well, the inflation is beyond control and the people are demanding for changes...what will you do? Of course, you will print billions and billions of paper money so you have the budget for anything you want and to solve many monetary problems your country is facing today and into the future. Now to make things spiced up and politically correct, you are going to call the printing of more money as "quantitative easing" a term pregnant with many possibilities, opportunities and threats depending on which of the equation you are located.

In an interesting article, the author likened this quantitative easing to an additive drug even more potent than the usual marijuana or cocaine you can buy on the street. And now, politicians and bureaucrat are getting addictive into it as their easy fix to solve myriad of problems.

Further Read: https://news.bitcoin.com/after-trillions-printed-under-qe-politicians-now-say-deficits-dont-matter/

We all know that eventually, printing of more money can result into disaster in the long-run. This is not like a chili pepper hot sauce that can immediately be felt but definitely this is like pawning the very future of the people.
when we printed the money continuously it will not been giving any success for the country it only give the list point of economy to be decrease deal negative side when we see the changes in our country only the price increases and also the good price also increases because of the government printed it again and again the result will be huge problem at the end

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June 06, 2019, 05:26:10 PM
 #97

A long history of fails. Free printing of paper or otherwise worthless money allows unprecedented growth at first, but then the currency inevitably declines to nothing, often causing chaos. Interesting article about China's first attempts at it: http://news.goldseek.com/GoldSeek/1216647867.php 

Even the Romans, though they had coins, would debase them through lowering the valuable content over time, or also by clipping the coins (I believe), which also proved economically detrimental, though temporarily advantageous for the Emperors.

Have a great day,
The Cyberius team.
That is why printing money without any restriction is so dangerous, at first it may give the impression of great prosperity and everyone is happy with the results but instead of accepting that temporal good fortune those that have the power to print money keep doing it, and then after some time they begin to see the consequences of what they are doing but by the time they do it is too late, now they are immersed in this new reality and if they stop printing money then the economy collapses, I would think that after so many historical examples of this happening people will avoid this path as much as they could but the temptation of free stuff seems to be too strong.



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June 07, 2019, 12:44:38 AM
 #98

Yes, great post, I believe that is one of the reasons why people are into physical gold or Bitcoin.

Both of these are great stores of value precisely because they can not be printed out of thin air.

Physical gold can only be physically mined and Bitcoin has a set inflation schedule and also digital miners.

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June 07, 2019, 04:14:32 AM
 #99

A long history of fails. Free printing of paper or otherwise worthless money allows unprecedented growth at first, but then the currency inevitably declines to nothing, often causing chaos. Interesting article about China's first attempts at it: http://news.goldseek.com/GoldSeek/1216647867.php 

Even the Romans, though they had coins, would debase them through lowering the valuable content over time, or also by clipping the coins (I believe), which also proved economically detrimental, though temporarily advantageous for the Emperors.

Have a great day,
The Cyberius team.
That is why printing money without any restriction is so dangerous, at first it may give the impression of great prosperity and everyone is happy with the results but instead of accepting that temporal good fortune those that have the power to print money keep doing it, and then after some time they begin to see the consequences of what they are doing but by the time they do it is too late, now they are immersed in this new reality and if they stop printing money then the economy collapses, I would think that after so many historical examples of this happening people will avoid this path as much as they could but the temptation of free stuff seems to be too strong.

I think you hit the nail right on the head: the temptation of free stuff is too strong (as the Bible says, the love of money is the root of all evil). Then there's the fact that with the so-called "Federal Reserve" (which is neither), the whole system is based around monetizing debt, with the government ending up owing the FED (and as the Bible says again, the borrower is servant to the lender). There's a section in this article (subheading: "How the Fed Monetizes the Debt") that seems to explain it well: https://www.thebalance.com/how-is-the-fed-monetizing-debt-3306126

Have a good day,
The Cyberius team
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June 10, 2019, 01:07:32 PM
 #100

when we printed the money continuously it will not been giving any success for the country it only give the list point of economy to be decrease deal negative side when we see the changes in our country only the price increases and also the good price also increases because of the government printed it again and again the result will be huge problem at the end
Increase in the amount of money being minted increases the inflation. This is a basic problem in the traditional monetary system but you have to learn to accept it as a necessary evil. You are not seeing the other side of the problem. The governments need to run a country on the basis of this currency. Now making a system of deflationary currency will be taken with a widespread panic and distrust and general disputation from the public.

This will throw everything that country has created into chaos for a certain period of time. Nobody wants that to happen and neither do the government officials want to act like gods, in fear of assassination by their own men.

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