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Author Topic: Money printing and inflation whos payed allready for this ?  (Read 166 times)
tabas
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January 11, 2021, 10:52:05 PM
 #21

That's what really will happen if inflation hits a country. The purchasing power of a normal citizen will become lower and it's become harder because too many jobs were lost and many have been dependent on the government which made them print as much money as they can.
This is not just for the US but also for other countries that did it. It's the US that's getting the attention of the printing of money but there are also other countries that did it.
In fact, the situation is not very clear, because it is not known how many jobs will be lost, and in extreme cases lives, if the government does not print the right amount of money, and you yourself should understand that with partial and full lockdowns and increased health care costs, there is no hope for ordinary sources of income in the form of taxes. At the moment, this seems to be the best solution to the problems, but of course it can be painful to return later in the form of increased inflation.
We've been into lockdown and too many jobs were frozen and some companies can't cover the expenses through rents and they can't really operate anymore.
It doesn't matter how many jobs were lost but in fact, they're really a lot. People wouldn't complain and if they hadn't lost anything. But the good thing that there are still those affected people that find a way through doing hustle instead of complaining and depending on the printed money for the aid by the government.

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January 12, 2021, 07:11:49 AM
 #22

Venezuela, nigeria, zimbawe , russia...and other high inflation countries
If you from venezuela kind of country you shouldt not cheering happy when you see money printer goes brrrr....
And if btc goes up then you know its stealing from your pocket

Don't get it, are you just trolling or what. Why the herk will anyone think the rise of bitcoin price related to money lost. Green signify profits while Red is the he opposite and the stealing only happens when the fud are been circulated in the community to create fud among her members and probably leads to a dumping reaction then the whales steps in to buy the dip and accumulate as many Bitcoin as possible to later resell when the market conditions become favorable.

In think isn't no longer a news that the traditional banking system (fiats) has failed. It's no hidden fact that nobody pays for the printing and we all know the fiats has no real backing too but we all play along since that's what we're been told by the government that the papers in our hands has value.

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davis196
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January 12, 2021, 07:31:47 AM
 #23

The main currencies like usd eur gbp cad ......
Who payed for that ? With their devalue of money and fall of living standard ?

Venezuela, nigeria,zimbawe , russia...and other high inflation countries
If you from venezuela kind of country you shouldt not cheering happy when you see money printer goes brrrr....
And if btc goes up then you know its stealing from your pocket

How the hell can Bitcoin steal from the poor,since the poor don't buy and own Bitcoins?
This doesn't make any sense.
Inflation makes all the poor people even more broke and poor,but this has nothing to do with Bitcoin.
It has something to do with the corrupt governments,that are making huge budget deficits and huge national debts.
The middle class and the working class are "paying" for inflation and money devaluation,but Bitcoin has nothing to do with this.You are basically just trolling.

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January 12, 2021, 07:57:55 AM
 #24

The main currencies like usd eur gbp cad ......
Who payed for that ? With their devalue of money and fall of living standard ?

Venezuela, nigeria,zimbawe , russia...and other high inflation countries
If you from venezuela kind of country you shouldt not cheering happy when you see money printer goes brrrr....
And if btc goes up then you know its stealing from your pocket

How the hell can Bitcoin steal from the poor,since the poor don't buy and own Bitcoins?
This doesn't make any sense.
Inflation makes all the poor people even more broke and poor,but this has nothing to do with Bitcoin.
It has something to do with the corrupt governments,that are making huge budget deficits and huge national debts.
The middle class and the working class are "paying" for inflation and money devaluation,but Bitcoin has nothing to do with this.You are basically just trolling.

I agree with you, it's very unlikely that the poor people even can afford any bitcoins. A friend of mine is very poor and he has no saving at all, he uses all the money from his checking account per month and even goes into overdraft. He actually could save money if he would stop spending so much, but he just can't control himself. Unfortunately he spends more than 200 USD per month and gaming and artificats in one game which is complete useless. I tried to tell him to stop and save some money but he isn't lisenting.
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January 13, 2021, 01:37:45 PM
 #25


How the hell can Bitcoin steal from the poor,since the poor don't buy and own Bitcoins?
This doesn't make any sense.
Inflation makes all the poor people even more broke and poor,but this has nothing to do with Bitcoin.
It has something to do with the corrupt governments,that are making huge budget deficits and huge national debts.
The middle class and the working class are "paying" for inflation and money devaluation,but Bitcoin has nothing to do with this.You are basically just trolling.

it is true, there is a mistake here, bitcoin stands never to force anyone to invest in it. in some cases bitcoin cannot be attributed to either being poor or being rich. regardless of how the country is. because the one who must be fully responsible is the government. they deliberately make fun of them because they are middle and upper class. it cannot be said that for any reason, bitcoin has nothing to do with one status of poverty.

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