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

[barto123]

I have this theory that 'COVID-19' is the new 'Climate Change'. It seems these 2 narratives are almost acting as an excuse for the major underlying issue they never talk about - the money itself.

With all these 'lock-downs' it almost seems like they're trying to crash the economy & further concentrate the money into the hands of the 1%. Improvising the many & enriching the few - for power & control.

It's becoming ridiculously obvious they are trying to completely remove our privacy & rights.

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

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

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?

The current system cannot be fixed, the longer it's kept alive the worse off the world will be.

Humanity has a chance to jump off a sinking ship.

Thank god we have a lifeboat - Bitcoin!

[Lorence.xD]

I do not think that it will be of benefit if the governments print money, they will cause hyperinflation if left unsupervised. It is not an excuse but more of a reason, which is still bad in itself. They need to change their perspective about COVID-19, they need to threat it as a problem that is needed to be solved. Luckily, governments around the world are considering this as a problem and their proposed solution could prove to improve and benefit nations in the long-run (CBDC experiments).

[davis196]

I think that you are searching for a conspiracy theory that is simply not there.
Covid-19 is not an excuse,the Covid-19 pandemic and the recession are real problems.Central banks do the only thing they know,in order to solve the problem-money printing and quantitative easing.
There's no conspiracy theory,central bankers and politicians are just stupid,incompetent and corrupt.
There's no organized secret elite,trying to control the world.Rich and powerful people aren't that smart.
Climate change is a different problem and all the countries around the world are failing with that problem too.
I don't think that the central bankers were using climate change as an excuse to print more money.This sounds ridiculous.

[barto123]

I do not think that it will be of benefit if the governments print money, they will cause hyperinflation if left unsupervised. It is not an excuse but more of a reason, which is still bad in itself. They need to change their perspective about COVID-19, they need to threat it as a problem that is needed to be solved. Luckily, governments around the world are considering this as a problem and their proposed solution could prove to improve and benefit nations in the long-run (CBDC experiments).

Central banks are bailing out banks & big corporations ("because of the effects of COVID") - that's their excuse. Seems to me there's a massive incentive here. COVID is the scapegoat.

The money was broken well before COVID. If they told everyone the real reason, there'd be a lot of angry people. " Yeah we've been robbing everyone for the last 100 years, at the cost of their future & their children's future - now it can't be paid back. So we're going to have to come up with all these fancy words to tax you more on the sly, we need to pay back all this debt somehow". They clearly aren't being transparent, that wouldn't win votes.

CBDC's merely digitize the problems - in fact puts humanity in much more danger.

Hence why it's being overblown world-wide, to cover up the real issue. COVID is real but it's also nowhere near as bad as they make out. Also I think they're using it as an opportunity to control people more before everyone starts waking up.

Makes sense to me, there is clearly a hidden agenda here.

You can so easily be labeled a conspiracy theorist.

The crazy thing is, the theories tend to come true.

[barto123]

I think that you are searching for a conspiracy theory that is simply not there.
Covid-19 is not an excuse,the Covid-19 pandemic and the recession are real problems.Central banks do the only thing they know,in order to solve the problem-money printing and quantitative easing.
There's no conspiracy theory,central bankers and politicians are just stupid,incompetent and corrupt.
There's no organized secret elite,trying to control the world.Rich and powerful people aren't that smart.
Climate change is a different problem and all the countries around the world are failing with that problem too.
I don't think that the central bankers were using climate change as an excuse to print more money.This sounds ridiculous.

We'll agree to disagree then.

COVID is real, yet sugar kills more people. Easier to sell a 'killer virus'

Fed is owned by elite - the Rothschilds family (This isn't a conspiracy theory, & it makes so much sense). There's much more powerful people controlling the puppet strings.

They're all taught broken economics in school/uni, yeah agreed a lot are stupid & incompetent - can't really blame them - brainwashed.

Money is power though, power corrupts. One thing leads to another. There's definitely corrupt ones out there knowingly operating on a fraudulent system.

[bitgolden]

I understand that during this period there were a lot of people who actually started to think that all these tracking deals were done because government is "out to get them" but I never really understood why. I mean why would government want to know what you are doing and where you are going? Why would they care about you? Why would that make any sort of help for them?

Government couldn't care less about you to begin with and that is why we are in a big trouble right now, the only reason why the world is not all sunshines and rainbows is the fact that they don't care about you or what you do or how you live. I am not saying they won't do it if there was anything in it for them, if they would have gained something they would have done it, most governments are not nice, but I do not see they need a reason for it, they could do all of this without caring about you.

[Taskford]

I have this theory that 'COVID-19' is the new 'Climate Change'. It seems these 2 narratives are almost acting as an excuse for the major underlying issue they never talk about - the money itself.

With all these 'lock-downs' it almost seems like they're trying to crash the economy & further concentrate the money into the hands of the 1%. Improvising the many & enriching the few - for power & control.

It's becoming ridiculously obvious they are trying to completely remove our privacy & rights.

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

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

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?

The current system cannot be fixed, the longer it's kept alive the worse off the world will be.

Humanity has a chance to jump off a sinking ship.

Thank god we have a lifeboat - Bitcoin!

What drives you to think about that? Those actions made is for the safety of the people and for now government is just promoting the digital transaction to avoid any physical  interaction and this temporary since there's no information that this one is mandatory in upcoming years. And it's just the government cannot do anything and just testing that solutions if that really work to minimize the spread of the virus.

[8m_zk]

I agree with you about some hidden agenda. Central banks own everything, money is nothing for them and I don't think it's an excuse to print more. Millions of people die from flue, tuberculosis, cancer every year but nobody ever closed countries, made wear masks, ruined businsses and introduced curfews.
Anybody with common sense and logic start questioning this.

I do not think that it will be of benefit if the governments print money, they will cause hyperinflation if left unsupervised. It is not an excuse but more of a reason, which is still bad in itself. They need to change their perspective about COVID-19, they need to threat it as a problem that is needed to be solved. Luckily, governments around the world are considering this as a problem and their proposed solution could prove to improve and benefit nations in the long-run (CBDC experiments).

Central banks are bailing out banks & big corporations ("because of the effects of COVID") - that's their excuse. Seems to me there's a massive incentive here. COVID is the scapegoat.

The money was broken well before COVID. If they told everyone the real reason, there'd be a lot of angry people. " Yeah we've been robbing everyone for the last 100 years, at the cost of their future & their children's future - now it can't be paid back. So we're going to have to come up with all these fancy words to tax you more on the sly, we need to pay back all this debt somehow". They clearly aren't being transparent, that wouldn't win votes.

CBDC's merely digitize the problems - in fact puts humanity in much more danger.

Hence why it's being overblown world-wide, to cover up the real issue. COVID is real but it's also nowhere near as bad as they make out. Also I think they're using it as an opportunity to control people more before everyone starts waking up.

Makes sense to me, there is clearly a hidden agenda here.

You can so easily be labeled a conspiracy theorist.

The crazy thing is, the theories tend to come true.

[wxa7115]

I get what you are saying but to me it seems this has to do more with incompetence rather than a world wide plot among all the countries of the world, while the virus is not as lethal as initially believed the economic activity has in fact slowed down to a crawl, and politicians in their desire to be reelected or to keep their party in power they are willing to do anything to achieve their goal and thanks to fiat currencies they have a tool they can use to try to remain there, so they use it.

Is the system broken and sooner rather than later it will fall? Yes, since it is impossible to maintain it at this point and it should have fallen long time ago but people are so oblivious to the truth they allow it to go on, what I do not know is what comes next? Will countries accept defeat and adopt gold and maybe even cryptocurrencies or are we headed to the implementation of a world currency?

[AicecreaME]

I have this theory that 'COVID-19' is the new 'Climate Change'. It seems these 2 narratives are almost acting as an excuse for the major underlying issue they never talk about - the money itself.

With all these 'lock-downs' it almost seems like they're trying to crash the economy & further concentrate the money into the hands of the 1%. Improvising the many & enriching the few - for power & control.

It's becoming ridiculously obvious they are trying to completely remove our privacy & rights.

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

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

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?

The current system cannot be fixed, the longer it's kept alive the worse off the world will be.

Humanity has a chance to jump off a sinking ship.

Thank god we have a lifeboat - Bitcoin!

Covid-19 isn’t an excuse for central banks to print a lot of money. Excessive money printing isn’t good for a country’s economy as it could bring hyperinflation, which is a big problem if ever.

Some countries such as Australia, admitted they did print more money during the early part of the pandemic crisis. But it was supervised as what’s cited on the article I’ve read. Most countries did this as well, just to balance their economy and not to disrupt it. Majority of the countries needed money to sustain the needs of their people, that’s why some opted to print more money. This helped the people borrow easier to the banks with lesser interest rate.

I think what is more accurate to say is that most of the people governing are greedy, selfish, corrupt, and incompetent. Most of them (at least here in our country) are using the pandemic situation for the fulfillment of their self-interest. They’re taking advantage of the current situation to grab more money and power. Which is very saddening since they oath to serve their people and not steal from them.

So yeah, this pandemic isn’t an excuse to print a lot of money because it would create unbalanced economy. Hyperinflation would just make the country and its people suffer even more because there would be chaos regarding the unequal ratio of supply of resources to money printed.

[BrewMaster]

some of them may be malicious but generally speaking i think they choose the money printing solution because they don't know what else to do and more importantly because it is the easiest thing they can do that won't affect their administration. for example when an administration prints a shit ton of money it won't crash the economy the next day. instead it would take quite a while before we start seeing the inflation by which time the next president is going to be in office and has to deal with the problems the previous one put in his plate and he also chooses the simplest solution: print more money.

[Oceat]

Covid-19 is not an excuse for the government and central bank to print more money, it is the doing of an incompetent leader that doesn't know what to do with this kind of crisis. Yet, it does happen before but nobody expected it to happen in the future(which is the future is this year). I'm sure the government know what could be the cause and effect of doing this but they don't mind it at all since this is the easiest thing to do rather than facing the recession of the economy.

[Ucy]

Well, I believe the disease is real(assuming you are suggesting it's not) and the effects of the so called climate change (the extreme weather for example) is partly due to deteorating earth.
I think they already anticipated this problems many years ago and already developed their own solutions to them for their own survival.

In regards to the question on government/central banks, part of what can make them bad is lack of proper transparency, accountability, rules, governance, etc Things could improve if they are made to use decentralized and transparent system like Blockchain.

[Tamim121]

Government print money after calculating so many things. Government don't print extra money. Because if he do that then their countries currency value will decrease. But government print extra money when crisis came, natural disasters or famines occur. In that situation government only thinking for his countries population not for currency value. If any country think that because of corona pandemic, their country people don't get food for eat or other problems faced by people then i think the government print money. In this situation COVID-19 is an excuse for government & Central bank to print money.

[carter34]

In this situation COVID-19 is an excuse for government & Central bank to print money.

If not about corruption , printing of money should not see people talking about it as excuse. If money is not in circulation in the country, then money should be printed or loan. Two ways money flows into the country are printing and loan but people fear government is not straight to citizen.

[shield132]

What governments do? They print money and cause inflation. It means that the money we receive has a lower value than it had before, i.e. the government takes money from us and leave us with debt that we have to pay.
i.e. Person gets a loan from us and we have to pay him for the loan that he had to pay fur us. This directly means that governments don't care about us, instead, they make us poor. And those who make us poor are bad people.

Banks... They are bad too. A bank is a place where the money is stored and it happens like those who have a lot of money borrow them who need it. At some point it's good and helpful, right? But... Banks have a huge profit every year, it means that their hugest treasure gets filled and filled always, on another hand - money goes from people to bank as time goes, i.e. more money in the banks and less money in people.

And covid is another reason to do more harmful things but keep people's attention on the virus and make your bad things appear like a shadow in the darkness.

[batang_bitcoin]

It is another conspiracy theory that it was "intentional" to print more money. But with the lockdowns, there's no actual cash flow that came into each country that has implemented it. A total freeze for most industries will also freeze the economy and that's why they have resorted to print more money to inject it into the economy. But what's the real issue about these injections is that there are officials that probably took advantage of it and get a chunk from it.

[Dragonfund]

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.

[Hamphser]

It is another conspiracy theory that it was "intentional" to print more money. But with the lockdowns, there's no actual cash flow that came into each country that has implemented it. A total freeze for most industries will also freeze the economy and that's why they have resorted to print more money to inject it into the economy. But what's the real issue about these injections is that there are officials that probably took advantage of it and get a chunk from it.

Lots of events and conspiracies can really be tied up with this printing of money and this is one of the example where Covid had been included for the reason for
government and central banks to print more money? I dont really think so for that situation yet this isnt something that can really be modified or handled out
if they do just really plan to print out.For those who do make money or do took advantage then well its already an anticipated or non surprising thing to happen.

[Wexnident]

It's not really an excuse, just the easiest way out of the hell hole they made. It's like an easy/free to access solution to their problems that won't mainly affect them immediately, nor would most of them actively be blamed. Most of the decision making comes from the head after all, and most would just opt to follow instead of presenting a better solution since there are no benefits in it for them. In other words, in their eyes, it's a necessity, but not the best one (not like I know what the best choice would be though tbh).

The money was broken well before COVID. If they told everyone the real reason, there'd be a lot of angry people. " Yeah we've been robbing everyone for the last 100 years, at the cost of their future & their children's future - now it can't be paid back. So we're going to have to come up with all these fancy words to tax you more on the sly, we need to pay back all this debt somehow". They clearly aren't being transparent, that wouldn't win votes.

CBDC's merely digitize the problems - in fact puts humanity in much more danger.

Yes, the covid was a well-timed excuse for them to print money, BUT then again, it was a necessity to sate the problems the masses had (financial problems). That doesn't excuse them from the money problems pre pandemic though.

As for digitalizing being a problem, how so really? Care to clarify?