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Valkyrie Riders Cruiser Club > General > General Board > What can happen if a government keeps printing money.
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Author Topic: What can happen if a government keeps printing money.  (Read 568 times)
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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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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...



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Taxation is theft.

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Maggie Valley, NC
« Reply #2 on: December 05, 2016, 10:14:10 AM »
Quote from: dreamaker on December 05, 2016, 10:07:13 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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Harrison Township, Michigan
« Reply #3 on: December 05, 2016, 12:35:35 PM »
Sorry!!
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rocketray
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« 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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« 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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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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