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[SCAMEXPOSER]

The United States is one amongst the top countries mostly hit by the coronal virus pandemic, this has made lots of people loose their jobs, making the economy to contract.
As at last month the US has deficit budget of $864 billion which higher than the debt incurred between 1776 to 1979. The US government has continued to print more money as palliative measures to her citizens.
According to Pantera capital CEO Dan Morehead, Bitcoin is the best solution to curb this crises as more printing of money will lead to uncontrollable inflation.

 

[Niftyicon]

The US government took the best approach towards relieving its citizens of the effects of the pandemic and I really wish other governments will follow in the same manner. The common man in these times needs all the help he can get.

 

[Niftyicon]

They are lucky, their president has their welfare at heart. Some countries did not provide any palliatives for their citizens. The president knows they are capable of recuperating when the pandemic is over.

They are so lucky. Little to no palliatives was given here and loads of people are losing their jobs by the day and a lot are in financial messes.

 

[SCAMEXPOSER]

I wonder why other countries are not printing more money like US is currently doing to alleviate poverty in the country, could it be that other countries are scared of loss in the purchase power of their currency.

 

[Reznov]

Usually there is a limit when it comes to printing money, so a specific currency ( or the money overall ) doesn't lose its value, seems like Covid-19 did some serious damage

 

[SCAMEXPOSER]

Usually there is a limit when it comes to printing money, so a specific currency ( or the money overall ) doesn't lose its value, seems like Covid-19 did some serious damage

I guess the US has slightly passed that limit because analyst predict a clamp down I'm the economy of the US if care is not taken with the huge printing of money.

 

[Josemendez]

The United States is one amongst the top countries mostly hit by the coronal virus pandemic, this has made lots of people loose their jobs, making the economy to contract.
As at last month the US has deficit budget of $864 billion which higher than the debt incurred between 1776 to 1979. The US government has continued to print more money as palliative measures to her citizens.
According to Pantera capital CEO Dan Morehead, Bitcoin is the best solution to curb this crises as more printing of money will lead to uncontrollable inflation.

If bitcoin is the solution , then how can they be able to acquire bitcoin without money ? Which ever way money is needed , and there is no other way than printing money .

 

[SCAMEXPOSER]

If bitcoin is the solution , then how can they be able to acquire bitcoin without money ? Which ever way money is needed , and there is no other way than printing money .

I guess what he meant by Bitcoin as the solution is interms of disbursement of the parliative,that bitcoin will be easier for mass Payment than the paper USD

 

[Josemendez]

I guess what he meant by Bitcoin as the solution is interms of disbursement of the parliative,that bitcoin will be easier for mass Payment than the paper USD

Well I still believe that bitcoin will be more volatile that the fiat currency . A citizen that received $200 worth bitcoin may wake up to $180 worth of bitcoin . Also converting the bitcoin to fiat currency won't be easy , it comes with fees as well .

 

[Reznov]

If bitcoin is the solution , then how can they be able to acquire bitcoin without money ? Which ever way money is needed , and there is no other way than printing money .

Maybe loans with profit? That's the only way to get money without paying it in the first place, also printing more than the limit will destroy the value of the currency because it will be more available

 

[Wisdom01]

I wonder why other countries are not printing more money like US is currently doing to alleviate poverty in the country, could it be that other countries are scared of loss in the purchase power of their currency.

It might reduce the value of their currency and could cause inflation so countries are still taking precautions so their currency would not be devalued and their economy will not face crisis

 

[Josemendez]

Maybe loans with profit? That's the only way to get money without paying it in the first place, also printing more than the limit will destroy the value of the currency because it will be more available

Loan with profit ? I don't seem to understand . do you mean government should give loans to the citizens instead of the normal palliative ? , can they be able to pay the interest , considering low job flow ?

 

[Deyiang]

The United States is one amongst the top countries mostly hit by the coronal virus pandemic, this has made lots of people loose their jobs, making the economy to contract.
As at last month the US has deficit budget of $864 billion which higher than the debt incurred between 1776 to 1979. The US government has continued to print more money as palliative measures to her citizens.
According to Pantera capital CEO Dan Morehead, Bitcoin is the best solution to curb this crises as more printing of money will lead to uncontrollable inflation.

There will be inflation in that country.
This covid 19 has caused so much advoc.
The should be proper solution to it

 

[Reznov]

Loan with profit ? I don't seem to understand . do you mean government should give loans to the citizens instead of the normal palliative ? , can they be able to pay the interest , considering low job flow ?

for example, you borrow 10$ and pay 13$ back, that's what i meant, this has been a thing in a lot of banks worldwide since long and a lot of people were using it

 

[Wisdom01]

The US government took the best approach towards relieving its citizens of the effects of the pandemic and I really wish other governments will follow in the same manner. The common man in these times needs all the help he can get.

Its not the best approach there could be other solution than printing excess money because it can cause food crisis ,and others ,so that's the major issue

 

[Josemendez]

for example, you borrow 10$ and pay 13$ back, that's what i meant, this has been a thing in a lot of banks worldwide since long and a lot of people were using it

This is not actually a bad move , however I wonder on how best they can be able to make it with the loan in this pandemic period and be able to repay the loan .

 

[Niftyicon]

Its not the best approach there could be other solution than printing excess money because it can cause food crisis ,and others ,so that's the major issue

I understand where you are coming from but I think the government is trying to give immediate relief first before sorting out other situations that may arise. When trees fall on each other, you remove the uppermost one first (a saying).

 

[SCAMEXPOSER]

Its not the best approach there could be other solution than printing excess money because it can cause food crisis ,and others ,so that's the major issue

Yeah, people with little to no economy background don't know that there's consequences of excess money in circulation. US has other alternatives of lending than printing.

 

[Wisdom01]

I understand where you are coming from but I think the government is trying to give immediate relief first before sorting out other situations that may arise. When trees fall on each other, you remove the uppermost one first (a saying).

Like what type of immediate relief are you talking about , when trees fall on each other there are ways to remove both the upperones and the other since there is a machine for it so usa can think of other means

 

[Reznov]

This is not actually a bad move , however I wonder on how best they can be able to make it with the loan in this pandemic period and be able to repay the loan .

paying back in the short term isn't going to happen for sure, because they can't move with the economy while dealing with the pandemic, so that's another issue