Covid 19 protecting value of money

[Sterbens]

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 payment applies to cryptocurrency users. But on the other hand, those who don't really like crypto will have a big impact. Those who insist on using fiat money are constantly pressed on condition of a lockdown as long as the lockdown continues, gradually every citizen whose economy is below the poverty line continues to scream and ask the government to end the lockdown period. day traders who sell only drinks and bread lose 50% of their income. they even come home with insufficient income.
while the rich still feel safe and are fast asleep on top of their piles of banknotes.

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[Silberman]

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.

There is no way around it, governments are trying to justify their money printing policies with new theories arguing this can be sustained forever but the reality is different, at some point people are going to feel that the value of their money is reducing at an accelerated rate and then they will try to protect themselves from those effects, and in the case of the US I think the money printing will only accelerate, Biden is not even the president yet and he already promised 2 trillion dollars which most likely are all printed.

[magneto]

Whilst I do not believe in the fiat system in general terms, this makes no sense.

It is true that COVID is suppressing consumption and therefore inflation in a lot of countries, which means that inflation figures haven't actually jumped that much even though there have been several rounds of economic stimulus by fiscal and monetary means in most countries (stimulus checks, QE, etc.)

But how is it "protecting" the fiat system? It just isn't. Sure, inflation hasn't jumped during COVID due to low consumer sentiment, but have you considered the fact that QE and other stimuli wouldn't have even been warranted without COVID?

The real concern with COVID on the economy should be that it is propping up asset prices such as equities because excess liquidity has gone towards speculation more than anything else. Not that it is somehow "safeguarding" the value of fiat.

[Majharul Saiif]

It can't be said that covid-19 protecting the value of money. Because in the time of the pandemic, people living under the level of poverty getting the help of govt or any other source that makes the available money on a market that is spending lazy time. Rich people can face any type of crisis of money and after r pandemic, they will cover soon. Govt should not print extra money to face this pandemic they should face this crisis by using direct products that should protect the balance of money in a country.

[shoreno]

i havent thought of that but like you i also have a negative impressions during the covid came , i think that it was a business strategy or something . covid dont protect the value of fiat but it serves as an alibi , effects are going to be feel by everyone is theres a problem in regards to fiat .

if you dont like fiat now you dont need to force yourself using it but theres many alternatives you can use now , currencies that are not manipulated by banks and governments . you know what im talking about

[shushu9977]

Covid 19 is good for rich people, but it is not good for poor people. If economy is stopped, then it is difficult to lead our daily life. So, how can we say that covid 19 is protesting the value of money.

[rollingdice]

If economy is locked down you can print a lot money

Damn no!
The Fed uses extra money printing as a tool to rescue the economy amid the pandemic. Or where was "stimulus" money coming from?
Estimates are that 22% of the circulating US dollar was printed in 2020.

[RealMalatesta]

Whilst I do not believe in the fiat system in general terms, this makes no sense.

It is true that COVID is suppressing consumption and therefore inflation in a lot of countries, which means that inflation figures haven't actually jumped that much even though there have been several rounds of economic stimulus by fiscal and monetary means in most countries (stimulus checks, QE, etc.)

But how is it "protecting" the fiat system? It just isn't. Sure, inflation hasn't jumped during COVID due to low consumer sentiment, but have you considered the fact that QE and other stimuli wouldn't have even been warranted without COVID?

The real concern with COVID on the economy should be that it is propping up asset prices such as equities because excess liquidity has gone towards speculation more than anything else. Not that it is somehow "safeguarding" the value of fiat.

Interestingly inflation levels increased a ton in some nations for the exact same reason and that is why this is all wrong. You know how it increased? Since people couldn't work, and since people couldn't make money, instead of selling 10 things for 1 fiat and make 10 fiat, they started to ask for 10 fiat for 1 thing to make 10 fiat.

This is just an example and numbers are made up but since people couldn't spend too much money on bigger things, the only thing money went to was needed things and that made everyone poorer and asking for more and more money, which is the reason why there was inflation. That is how happened in my nation and that is what happened even in USA as well for a while, during summer specially everything was a lot more expensive. You do not think that going to cinema in the future when all of this is over will be same price? It is going to be a lot more expensive, those places didn't even made a cent during this period.

[Silberman]

Whilst I do not believe in the fiat system in general terms, this makes no sense.

It is true that COVID is suppressing consumption and therefore inflation in a lot of countries, which means that inflation figures haven't actually jumped that much even though there have been several rounds of economic stimulus by fiscal and monetary means in most countries (stimulus checks, QE, etc.)

But how is it "protecting" the fiat system? It just isn't. Sure, inflation hasn't jumped during COVID due to low consumer sentiment, but have you considered the fact that QE and other stimuli wouldn't have even been warranted without COVID?

The real concern with COVID on the economy should be that it is propping up asset prices such as equities because excess liquidity has gone towards speculation more than anything else. Not that it is somehow "safeguarding" the value of fiat.

And I will add to this that inflation is going to come back with a vengeance once things begin to resemble somewhat what we were before the pandemic, that is when we will begin to see important levels of inflation, while a fast collapse of the fiat system is probably not going to happen because governments are going to do everything in their power to keep it in place I think the pandemic has given a death blow to the fiat system and its collapse now is inevitable.

[seramania]

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

yes sometimes covid is unfair to all people. only the rich are able to survive covid19 because their finances are not too affected and their need for daily allocations is also reduced due to the rules of working from home. This is very inversely proportional to the poor people who are miserable and very difficult in finances

[Latviand]

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.

While inflation is active and occurring in your country then recession will also occur.

Recession is really hard and can worsen economic crisis, because economic activities will probably become much lower and as Covid-19 is continuously active then we will probably suffer that long. In terms of investment, obviously we will have a doubt and uncertainty that will make us scared to invest.

But somehow, cryptocurrency will become more popular and mainstream due to more on digital transactions.

[Furious 7]

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.

While inflation is active and occurring in your country then recession will also occur.

Recession is really hard and can worsen economic crisis, because economic activities will probably become much lower and as Covid-19 is continuously active then we will probably suffer that long. In terms of investment, obviously we will have a doubt and uncertainty that will make us scared to invest.

But somehow, cryptocurrency will become more popular and mainstream due to more on digital transactions.

During inflation, the government should not have to overdo it because it knows the impact will get worse and will not even be worth the fiat value.

During our recession, the impact of what happens to the economy will continue to decline because residents are no longer sure what to do during this pandemic because the economic value will not rotate completely because of its limitations, therefore the traffic in digital transactions is now increasing due to Many issues are much better than Fiat.

Cryptocurrency is now gaining in popularity and has even increased by a few percent during this increase so many people are turning to lots of enthusiasts.

[Natsuu]

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

Money printing is supervised and accounted for everything they take out and they take in. So printing more money will just do more damage than everything especially to the economy as it will definitely result to higher inflation. So the COVID 19 protecting value of money is definitely false as ,

Estimates are that 22% of the circulating US dollar was printed in 2020.

Therefore, the value of money decreases in 2020.

[ChrisPop]

"How is COVID protecting value of money?"

The Feds keep printing money, supply goes up, while spending is at underwater levels. The stimulus packages only make the situation worse, but they are necessary to help people cope with the circumstances. I believe a finacial is imminent as the stock market is too stretched out in my opinion and the pandemic has seriously left its footmark on the world.

Conclusion: COVID only worsens economies by keeping people unemployed and causing major distress among the population. It has its benefits, but the damages are far heavier.

[iv4n]

Covid is good for wealthy people

It's great for them...as we can see they are richer than before! Many people lost their jobs and minimum wagers, but who f. them when Jeff Bezos is making new records!
This world is fucked up real good! It will need a lot to repair all that is broken... What we have from previous generations? What we will leave to our kids and future generations? A huge mess? Problems? Do you ever think about it?
Covid is just a stupid virus, do you even know how many viruses there are? But what happened in last year, and what's happening now is crazy it can be! I am not buying their shit anymore, if you ask me covid is the best excuse for governments and powerful people to play their game without much interference.... all those things that were important before do not exist, now it's only covid! Haha, what a joke... it's like 1984! They are rewriting everything in front of our eyes and we can't do anything!

[Shasha80]

I do not agree that COVID-19 protects the value of money, which means that the value of money will decrease due to inflation. Because
the government does a lot of printing money, this is actually only a temporary solution. But it could not solve the economic crisis that occurred.
Because in my country the stimulus provided by the government which comes from printing money is given to the public, but society does not
use the money wisely. However, many people in my country use the stimulus check to buy something that is not important. That's why it creates
new problems, related to COVID-19 is indeed very complicated to solve. It needs a lot of education from the government.

[pecson134]

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

Actually it makes the economy much worse than it is when you do that. Having a lot of paper money can lead to fall on its value and this is not a good sign when you want a good economical status. Even before covid times this situation also happens a lot too so we can't say that the current pandemic was really protecting it.

[Silberman]

"How is COVID protecting value of money?"

The Feds keep printing money, supply goes up, while spending is at underwater levels. The stimulus packages only make the situation worse, but they are necessary to help people cope with the circumstances. I believe a finacial is imminent as the stock market is too stretched out in my opinion and the pandemic has seriously left its footmark on the world.

Conclusion: COVID only worsens economies by keeping people unemployed and causing major distress among the population. It has its benefits, but the damages are far heavier.

Not only that the covid pandemic has created an incentive for businesses to not hire people and instead try to automate most of their processes so even if things went back to normal right now many of those jobs are never coming back, so we are in a very interesting point in history as new technologies that in the past generated as many jobs as they destroyed seems like they will take way more jobs than in the past and this will create massive unemployment.

[jostorres]

I do not agree that COVID-19 protects the value of money, which means that the value of money will decrease due to inflation. Because the government does a lot of printing money, this is actually only a temporary solution. But it could not solve the economic crisis that occurred.
Because in my country the stimulus provided by the government which comes from printing money is given to the public, but society does not use the money wisely. However, many people in my country use the stimulus check to buy something that is not important. That's why it creates new problems, related to COVID-19 is indeed very complicated to solve. It needs a lot of education from the government.

The logic is that since covid started money has been printed but inflation wasn't "that" high, in any other situation it would have been higher and it would have hurt the economy so badly, however because we weren't capable of earning money and spending it, we needed government to print money and help us which obviously helped some stuff. Digital "debt" that really doesn't even exists in most cases being paid is not the same as actually giving money.

For example the famous 2008 one where 800+ billion dollars were paid back with about 10% rate if I am not wrong but that was still horrible for the inflation and everything else because it was focused on one place, wall street, whereas this one is more whole countries and that is why everyone got money and when everyone did, basically nobody did because everyone paid all those unpaid bills and rent and got their groceries type of stuff, nobody went up and bought a car with it, it wasn't a money like that.

[Kittygalore]

One way or another, today the government is not looking for other ways to overcome the economic crisis and is trying to save business by increasing the money supply. in any case, it harms almost everyone and not only business, but also an ordinary user. Based on this, coronavirus worsens the situation, but does not maintain parity in any way and value for money.

Not all countries will resort to increasing their money supply, the supply is cut, its just that the money has been diverted to other things that are used to help with the pandemic, unfortunately, labor is the most affected and most of the population of a country is getting their money from so it is evident it may seem to look like the pandemic is protecting the rich people when in reality it is not. It is a good thing that the government is saving business because they are the biggest tax contributor but the problem is that the bigger the business, the less the tax you are going to pay. Not to mention that there was a financial standing and financial gap that has separated the rich and the poor even before the pandemic, the gap just got bigger and that is why we have noticed it.