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Author Topic: What can happen if a government keeps printing money.  (Read 568 times)
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Posts: 27796


Maggie Valley, NC


« on: December 05, 2016, 08:55:16 AM »

http://www.independent.co.uk/news/world/americas/venezuela-orders-larger-banknotes-biggest-bill-valued-2-pence-economic-meltdown-a7455571.html

"In 2014, plummeting global oil prices decimated Venezuela's economy. President Nicolás Maduro responded by fixing the official exchange rate and ordering banks to print more cash, which ultimately devalued the currency further, while goods prices soared. "

As shining example of successful socialism for some here who think socialism is a shining beacon for the world to follow.
« Last Edit: December 05, 2016, 09:02:30 AM by Britman » Logged
Serk
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Posts: 21986


Rowlett, TX


« Reply #1 on: December 05, 2016, 09:38:33 AM »

Those who do not learn from history...



Are doomed to repeat it...



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Never ask a geek 'Why?',just nod your head and slowly back away...



IBA# 22107 
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1998 Valkyrie Standard
2008 Gold Wing

Taxation is theft.

μολὼν λαβέ
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Member
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Posts: 27796


Maggie Valley, NC


« Reply #2 on: December 05, 2016, 10:14:10 AM »

The Government doesn't print money, the Federal Reserve does, which is NOT part of our Government. They are a separate financial group that governs cash values.  Correct me if I am wrong.

Please read the article which is about Venezuela and makes NO mention of our federal government or Federal Reserve.
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dreamaker
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Posts: 2815


Harrison Township, Michigan


« Reply #3 on: December 05, 2016, 12:35:35 PM »

Sorry!!
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rocketray
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Posts: 1024


« Reply #4 on: December 05, 2016, 05:57:05 PM »

try "themoneymasters.com......also click  on the trump video  at the top
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Jess from VA
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Posts: 30861


No VA


« Reply #5 on: December 05, 2016, 07:32:13 PM »

And if you print your own money, they get all excited about it.
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Ramie
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Posts: 1318


2001 I/S St. Michael MN


« Reply #6 on: December 06, 2016, 05:08:54 AM »

The Fed calls it Quantitative Easing.

https://www.youtube.com/watch?v=PTUY16CkS-k
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“I am not a courageous person by nature. I have simply discovered that, at certain key moments in this life, you must find courage in yourself, in order to move forward and live. It is like a muscle and it must be exercised, first a little, and then more and more.  A deep breath and a leap.”
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