Is COVID-19 an excuse for governments & central banks to print money?

[Darker45]

Lockdowns are definitely not done in order to intentionally crash the economy. In the first place, an economic crash due to lockdowns will also mean downfall to a lot of businesses owned by the rich and influential. Of course the government will always extend a helping hand but damage is still inflicted. So I guess the elites would prefer to do smooth sailing business rather than one done in the middle of a pandemic.

However, control is indeed much easier to do in the midst of a pandemic than when there's none. It is easier to stifle one's rights in the name of individual and public health and in the face of a fast virus transmission than when things are normal. I know not the real intentions of the powerful elites but it seems they've got the perfect timing right now to act on their motives as far as surveillance and monitoring are concerned.

And, yes, I believe the governments and central banks are somehow malicious.

[LogitechMouse]

~

Overall, this is just another conspira-shit theory coming from one user.

You are questioning about the lockdowns in every country. They have no other choice but to impose lockdowns to prevent further spread of the virus. We already saw that the transmission rate of the virus lowered down in the countries that has lockdowns. Economy?? They have no other choice. Its very hard for the government to balance the spread of virus and the economy that is why they imposed lockdowns but not for long so that the economy can still recover.

Governments & Central Banks can still print their money whenever they want too. With or without the pandemic they can still do it like they did in other countries. Its just that as of this moment, people really need money right now that is why they are loaning in the banks. No conspira-shit or anything.

[BuNga_cute]

It is indeed interesting to discuss about the government that continues to print money in the COVID19 pandemic situation like now.
On the one hand, printing money is the fastest way to recover the economy, but on the other hand it will cause hyperinflation which
will add new problems. If hyperinflation occurs in the end it will make the people suffer, but the government must have the courage
to take this crucial step. And in the meantime I don't believe there is a hidden agenda or conspiracy from the government about
printing money.

[Kong Hey Pakboy]

It is indeed interesting to discuss about the government that continues to print money in the COVID19 pandemic situation like now.
On the one hand, printing money is the fastest way to recover the economy, but on the other hand it will cause hyperinflation which
will add new problems. If hyperinflation occurs in the end it will make the people suffer, but the government must have the courage
to take this crucial step. And in the meantime I don't believe there is a hidden agenda or conspiracy from the government about
printing money.

Indeed. Printing money during the pandemic of the COVID-19 will never solve the economic downfall or the recession. It will only cause inflation, or it will increase the amount of money circulating money in a country's economy that people can demand or buy more goods, so prices of every good will increase. I think it is terrible news for every consumer because most people during the pandemic don't have stable jobs, so I hope the government plans to solve this problem.

[oHnK]

Indeed. Printing money during the pandemic of the COVID-19 will never solve the economic downfall or the recession. It will only cause inflation, or it will increase the amount of money circulating money in a country's economy that people can demand or buy more goods, so prices of every good will increase. I think it is terrible news for every consumer because most people during the pandemic don't have stable jobs, so I hope the government plans to solve this problem.

Printing money will indeed have an impact on inflation in the country.  In this pandemic, I don't believe that this condition allows the government to print money.  Because, if it is not controlled very well and excess liquidity in the market causes the government to be unable to absorb it, this will be a new disaster.  The pandemic is not resolved, inflation kills many layers of society.  It would be better if the current monetary policy is directed towards lowering interest rates and other monetary policies.

[AmoreJaz]

~

Overall, this is just another conspira-shit theory coming from one user.

You are questioning about the lockdowns in every country. They have no other choice but to impose lockdowns to prevent further spread of the virus. We already saw that the transmission rate of the virus lowered down in the countries that has lockdowns. Economy?? They have no other choice. Its very hard for the government to balance the spread of virus and the economy that is why they imposed lockdowns but not for long so that the economy can still recover.

Governments & Central Banks can still print their money whenever they want too. With or without the pandemic they can still do it like they did in other countries. Its just that as of this moment, people really need money right now that is why they are loaning in the banks. No conspira-shit or anything.

people love to talk conspiracy theories that most of them are just created from their minds. they want to picture a scenario where a lot of people will get the interest of creating more false scenarios.
govts will do the necessary thing according to what they see fit for their constituents to survive. i dont think they will go against their laws and regulations when it comes to printing the money. this pandemic may be a special case but i dont think they will come to the point of abusing their authority to do their job.

[bitmover]

The reality is, if everyone had a decent understanding of how the money worked; there'd be a lot of angry riots.

Interested to know everyone's thoughts. Are governments/central banks malicious?

They are knowingly operating on a fraudulent system. They definitely aren't printing the money equally. The wealth inequality is absolutely insidious.

What do you think their true intentions are?

People want governments to print money.

Every time you vote for a politician who promises:
- more rights
- "free" education
- "free" health care
- "free" buses tickets
- minimum wage increase
- overall wage increases
-etc

 you are asking them to print more money. Governments and politicians cannot make miracles. They will just print money and buy what people asked for. And get relected again.

[ingiltere]

- destroy money; because bacteria
- contact tracing/tracing apps
- digital ID's/central bank digital currencies

About tracing I totally agree with you. Governments track us easier than ever. We have a mobile app they created, everybody have to use it, even if you need to get on a bus. You need a code which that app gives you to enter government buildings, hospitals etc.

I'm not sure about printing money though, our economy is crashed already and they can't do anything. USD/TRY is at all time high, we are being poorer every day. Everything is too expensive, even for a standard living people can't buy their necessities. Central bank is already ran out of their USD holdings.

In Covid progress, government do nothing about jobs, they don't pay people who has to sit at home. They couldn't do a single positive thing about this whole crisis. I don't know how we survive one more winter.

[FanEagle]

I guess printing money at its core is created needed due to shareholder greed. Normally companies have just one goal, to make as much profit as possible and if you are profiting you are expected to profit even more in the future, if you profited 1 billion in 2020, you need more than 1 billion profit in 2021 so that you can cover the inflation difference as well. Which means by logic all these companies needs to gather as much profit and money as possible, where does this money come from? If we assume nobody prints any new money, shouldn't that be impossible?

Without new money you can't have more money, hence why central banks keep printing money to keep this system going. We need a system that rewards not losing money and maybe not focus on growing profits but just keeping profits, that seems like only logical option.

[PonZZ]

Covid-crisis isn't an excuse. And neither governments, nor banks don't consider money printing as a perfect solution. Maybe they can do nothing to solve the problem in another way.

[Janation]

The government is really sus.

I don't know what they are planning but there are some local governments that implemented ECQ during the height of the pandemic despite that there are small numbers of positives in that area. They lengthen that time so that we could get financial aid from the national government. I don't know how many did the same but it is obviously a way for them to get more money.

[oHnK]

I guess printing money at its core is created needed due to shareholder greed. Normally companies have just one goal, to make as much profit as possible and if you are profiting you are expected to profit even more in the future, if you profited 1 billion in 2020, you need more than 1 billion profit in 2021 so that you can cover the inflation difference as well. Which means by logic all these companies needs to gather as much profit and money as possible, where does this money come from? If we assume nobody prints any new money, shouldn't that be impossible?

Without new money you can't have more money, hence why central banks keep printing money to keep this system going. We need a system that rewards not losing money and maybe not focus on growing profits but just keeping profits, that seems like only logical option.

All businesses are like that, there is no single business that only keeps profits, they always target higher profits than before.  How can it be changed?  Business is supposed to be like that, business becomes an economic tool for growth, from business it can also absorb a lot of unemployment.  Isn't it a natural thing for the government to keep business going by printing money.

[dothebeats]

That's one way of looking at it, had it not been for individual, non-government and non-profit organizations suggesting that we move to digital transactions in the mean time to avoid physical contact in order to minimize the spread of the virus. Although that kind of narrative you are trying to portray is not far off from what's really happening but it somehow worked wonders on countries where people are really complying with their governments, i.e. New Zealand. Those countries wherein this strategy of maintaining public health failed miserably resorted into printing more money to 'support' the general population. We don't know whether they deliberately ignored public health in order to justify printing more money to use as aid. Whatever the truth is on the printing of more and more money and giving it away for free, we will never know, and perhaps we don't want to especially now that the pandemic looks to bring in a second wave on already-affected nations.

[Fredomago]

The government is really sus.

I don't know what they are planning but there are some local governments that implemented ECQ during the height of the pandemic despite that there are small numbers of positives in that area. They lengthen that time so that we could get financial aid from the national government. I don't know how many did the same but it is obviously a way for them to get more money.

Greed always win over to those people who loves taking advantages. Not even this pandemic changed them for  while, the point that
even they don't need the money they still request for it.

There are really certain places that's being affected that hard but not all are. Allocation of funds being distributed to everyone
is not a good idea, but it happened already.

We can say for most greedy peps out there, they compensate themselves while other are  suffering
because of the hit of this pandemic. Which ever side you think the opinion will vary to how the government
stand with this pandemic problem.

[philipma1957]

There were thousands of Jobs that were lost, impromptu lock down in different states across different countries. Hence, there is need to tap into the reserve. Lack of basic amenities and food lead government to print more money in order to save people from hunger.
In America, the first stimulus check of $1200 that was distributed to everyone help a lot, I didn't see anything bad in helping less previlage. My problem is injection of more money in circulation, in every action, there is consequences.

Okay so government gives 250billion in checks to usa adults.

and two trillion to major businesses.

this is the so called printed money from usa this year.

what about the last 22 years. usa printed money each year but one as 21 of 22 years were a deficit.

take top ten countries around the wall and see that most did the same. run a deficit year after year.

so what else is new?

[mindrust]

Possibly. The FED was already weakening the dollar even before Covid19 started though. C-19 just sped things up. Now they are pringting with 3 hands and they still can't print enough.

This is headed for a systemic reset and who knows what'll be the next world currency...

[Febo]

What do you think their true intentions are?

True intentions for printing money are to save economy. But. To do that you need to save in years when you have GDP growth. Most countries had not saved anything in 209 and 2018 and 2017. But they spent more then they created. And when covid-a9 wil end they will continue to spend more then they create in 2021 and 2022 and so on. That way at some point hyperinflation is inevitable.

[Casdinyard]

What do you think their true intentions are?

True intentions for printing money are to save economy. But. To do that you need to save in years when you have GDP growth. Most countries had not saved anything in 209 and 2018 and 2017. But they spent more then they created. And when covid-a9 wil end they will continue to spend more then they create in 2021 and 2022 and so on. That way at some point hyperinflation is inevitable.

Sad to know but that's their only way to cope up but it will just worsen the situation by doing so because the market price of the services, and goods will more likely increase as well, giving burden to its people if things will be out of hand. In the case of U. S. things could be different than those countries who did the same thing before resulting to hyperinflation. U. S. has a powerful economy and if there will be no abuse of this action, economy might be able to resist the problem.

Going back to the topic, it is quite a valid reason to do so, for an economy, if there's no other way. The pandemic has just devastated most of the countries, in many aspects.

[Sithara007]

The central banks don't have any other option. Many of the countries have announced huge stimulus measures. The United States alone expects the stimulus spending to be in the $3 trillion range. So from where this much money will come in? In the end, the central banks need to print all this money as the tax revenues and other receipts are not enough to cover even a small part of it.

[bits4books]

All of these just make it easier to digitally trace you. Remove your privacy, so they can easily control you more.

How many years have you been using a cell phone? Let's be honest, you voluntarily (like all of us) carry a personal probe that reads your every movement, listens to everything around you and knows what you are doing on the network. What's the difference? It's time to get used to the concept of lack of anonymity in the ordinary world and understand that secrecy is not when you are not visible, but when you are invisible.

As for everything else - conspiracy theories and a good spoonful of distrust of states.

And if you think that BTC is your solution of this, then you can close the thread and buy new Chinese phone in addition