Covid 19 protecting value of money

[OpenCryptoSystem]

Covid 19 protectong value of money

Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good

Covid is good for wealthy people

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[jackg]

Have you only just discovered there are spenders and hoarders?

Most people spend most of what they earn while some hoard it. This is why inflation is a thing to stop the hoarders from not taking a risk by investing in something.

For example historically, when income tax and corporation tax have been high (90%+) business started buying accommodation for their workers to live in and parks/schools/churches for them. To use because it increased a person's company portfolio and slashed the amount of tax that was needed to be paid (that's why every European/UK businessman of the 15th-19th century was a "philanthropist" . You need a new road outside your factory? Why pay the government a few shillings to do it when you could get some workers on it and pocket the money.

[Gozie51]

If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good

Check this and you know is not protecting value of money. If you print lot of money, you will push value down for it because too much money will make people lazy as they can get free money even as not having a job. When money is too much in the country, the appetite for labour will reduce and that will affect GDP level. Export will fall , standards of living will drop.

[raidarksword]

Inflation will be the outcome if the government print more money and the value of that paper will be meaningless and useless to all citizens. We might have negative impact of what covid brought us but it triggers new payment system like the uses of paperless and crypto payment system that everybody are using right now during these lockdowns we are experiencing.

[AicecreaME]

Inflation will be the outcome if the government print more money and the value of that paper will be meaningless and useless to all citizens. We might have negative impact of what covid brought us but it triggers new payment system like the uses of paperless and crypto payment system that everybody are using right now during these lockdowns we are experiencing.

This is true.

Printing money just because the economy is suffering will never solve the problem, in fact, it will just add another problem which is inflation. COVID-19 doesn't protect the value of money, it's making the opposite. COVID-19 makes the electronic based transaction go on trends especially Bitcoin. Fiat is pretty useless now because the majority of the population are now allowed to go outside always therefore online transactions using web wallets that uses fiat and cryptocurrency is more on demand.

COVID-19 is pushing us to adopt the future, the new normal, and the new currency we should have in the future for more profits and benefits.

[bassbity]

In cases like this, we cannot generalize that rich people will still face Covid 19. because in fact they are being terrorized all out just to survive from day to day, especially people who are in the poverty line. it can't be smacked flat. Indeed, only a few people who can survive the conditions of Covid 19 are not a big problem, they easily spend money to buy groceries which in fact their money is more worthy of being given to those who are more in need. . shopping excessively and with great disrespect for the poor.

[fiulpro]

Covid 19 protectong value of money

Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good

Covid is good for wealthy people

I will try and make it simple.
Value is printing is not something that goes hand in hand.
For example:
You have a bread 🍞 which is valued at 1$ and you decide to slice it into 10 equal portions. So every portion will be priced at 0.1$. Now you distribute it amongst the people in need.
BUT
There is a problem and you don't have enough for all of the people so you have to distribute it in 100!!!!!! So now every piece is priced at 0.01$ but due to inflation in the market people are selling it for 0.1$ and it's appropriate too.
So how the market changed locally???
A product that was Worth 0.01$ is now selling at 0.1$ , it would be acceptable locally but globally they might not have the problem so you will live in your own little world thinking you have enough whereas what you have is 1/10th of the real value.

Regarding the Rich, it's indeed very unfair ofcourse since they are also getting the stimulus when they don't need any.

[Raflesia]

Inflation will be the outcome if the government print more money and the value of that paper will be meaningless and useless to all citizens. We might have negative impact of what covid brought us but it triggers new payment system like the uses of paperless and crypto payment system that everybody are using right now during these lockdowns we are experiencing.

This is true.

Printing money just because the economy is suffering will never solve the problem, in fact, it will just add another problem which is inflation. COVID-19 doesn't protect the value of money, it's making the opposite. COVID-19 makes the electronic based transaction go on trends especially Bitcoin. Fiat is pretty useless now because the majority of the population are now allowed to go outside always therefore online transactions using web wallets that uses fiat and cryptocurrency is more on demand.

COVID-19 is pushing us to adopt the future, the new normal, and the new currency we should have in the future for more profits and benefits.

I am sure the government will protect the economy which is currently in decline and print more money. I think there are rules so that inflation will not occur.

But we know now that with this pandemic we are pushing with more rapidly growing electronic transactions up high so that this has resulted in many shifting from fiat to digital currencies.
Bitcoin is one of the tools we know that the price will not reach this value but the fact is that people continue to demand a lot so this can become a legitimate transaction in the future, so in the covid-19 situation it provides many advantages, especially in cryptocurrency.

[boyptc]

Those printing of money will make bitcoin up to the highest than we can ever imagine. People are starting to notice that the fiat will eventually go lower in value.

And that's why they have to look for some resolution for it just like buying bitcoin and putting their money on it while waiting for it to rise up in value tremendously. Their doubts are eventually removed because of what bitcoin starts to show for its prices.

[itovault]

But what happens when Covid19 ends and people want to spend all those dollars?  Then we'll have the pay the piper of monetary printing.

[OpenCryptoSystem]

But what happens when Covid19 ends and people want to spend all those dollars?  Then we'll have the pay the piper of monetary printing.

This whay they dont open before they have solution.
Those who got no crypto or btc will suffer and pay for the piper of moneytary printing

[Mauser]

Covid 19 protectong value of money

Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good

Covid is good for wealthy people

On the one hand printing money should actually increase inflation. But what we saw in the last 6 month is that inflation is not actually going up. People tend to save more money during the lockdown and are afraid to make big pruchases. As the rich people have most of their money invested, inflation is probably not a big issue here. Printing money is more an issue for the average Joe and losing purchasing power if they don't invest properly.

[verita1]

Covid19 does not protect the value of money.
On the contrary, due to the crisis, businesses are working at their medium capacity.
There are more expenses in the health networks of the world to relieve people affected by the virus.
There is less production in all sectors and we do not know how it will affect us in the immediate future.

As we have faith in God we know that we have a fertile land that as soon as we get out of the pandemic our fields will once again be more productive.

[OpenCryptoSystem]

Covid19 does not protect the value of money.
On the contrary, due to the crisis, businesses are working at their medium capacity.
There are more expenses in the health networks of the world to relieve people affected by the virus.
There is less production in all sectors and we do not know how it will affect us in the immediate future.

As we have faith in God we know that we have a fertile land that as soon as we get out of the pandemic our fields will once again be more productive.

Yes covid protectimg are you not see this ?

[Husires]

The good for wealthy people always turn against them and their end is tragic. The economy is developed if there is good growth for the middle class, and then the rich will be able to naturally increase their wealth.
Covid will create economic distortions that may lead to many problems. Therefore, it is not good and the effects of inflation do not appear until after several years.

Covid 19 is not protecting value of money, it destroy it.

[AniviaBtc]

Covid is good for wealthy people

Hell no! In the start of the pandemic, in some other countries which are in a third-world countries are really experiencing struggle. Those business who got closed are being bankrupt and experience economic crisis also, they are rich they can sustain their needs but their business or company becomes dead. This Covid-19 also brought mainstream to cryptocurrency investments and business are slowly recovering due to the fact that they already underestimating Covid-19 and reopen their companies and continue working with their employees again. Wealthy people can just sustain their needs but they are still having problems with it compared to those who really struggle so hard to become unemployed and don't have any budget to keep themselves alive during pandemic.

[Kakmakr]

There is a lot of conspiracy theories going around about the Covid pandemic being used to hide "Fiat" related problems. Some people seem to think that Covid was introduced to push down the prices of over inflated Stock and share prices. (So that a select few, would be able to benefit from that, because they pulled their investment before the prices dropped)

Other people are saying that it was engineered to give countries like the USA an excuse to boost the "Fiat" system. (I think it is crap, because the country would not introduce something to virtually destroy the economy and jobs... just to pump toilet paper dollars back into the economy)

[sukmo]

If you think covid 19 brings good for some people. what about the fate of the small people affected by the pandemic so that they lose their jobs and have difficulty making ends meet.
Is this fair in your opinion?

[Silberman]

Covid 19 protectong value of money

Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good

Covid is good for wealthy people

That could only work if people were hoarding money but is that what it is happening? No, those that need the money used all the money they were given immediately, but what about the rest? They are investing in whatever they could find and that includes bitcoin as well as such that fiat is circulating and chasing products and services so it is not really being hoarded, so the price of everything is going up reducing the confidence in fiat currencies, and as such I do not see how covid is protecting fiat currencies at all.

[LogitechMouse]

It will only helps you if you are hedging your cash or you are invested into different investment but aside from that, I don't see COVID protecting the value of money.

In case you didn't know, Venezuela had its hyperinflation years ago if I remember correctly because of the government printing money massively to the fact that their money doesn't have value anymore. I still remember the time when I saw a picture of their money worth 100 Trillion and yet they aren't accepting it.

Government printing out money massively can cause hyperinflation especially to those countries who are developing. USA is printing massively thus, the value of their currency is slowly decreasing. If this continues then it will also continue to go down.