Is counterfeiting good for the economy?
Since the banks remove all the "money" they create PLUS interest when their loans are repaid eventually they'll own everything and stop making loans. Since a counterfeit twenty enters and remains in the economy forever, passing from person to person, it stimulates the economy? Does it not?
are you nuts? just look at the mess overprinting money has caused. ten's of trillions of dollars in dept. adding more to it just makes the dollar weaker still. it only helps the person or people involved if they don't get caught. i have said many times that i would rather be homeless in a strong free country than be rich in an oppressed one.
by the way, the banks will never own everything. if they ever do then there would be no more reason to stay in business. if that happens the economy would fail and they would have a bunch of useless paper. go figure.
just see the banks, get your loan for a vehicle, home or anything else, pay it off and it's yours. not theirs. they will only start owning too much if people who promise to don't pay it back.
Do not counterfeit. The government is the only entity allowed to print "funny money".
by CMHypno 6 years ago
Austerity, people committing suicide, 25% unemployment in some parts of the Eurozone, yet these vast sums can always be found to bail out banks? If this kind of money is available, why not inject it directly into local areas to create jobs and stimulate...
by Deforest 4 years ago
In Costa Gavras's EXCELLENT movie "Capital", it is said : "Banks bleed people 3 times. First: the market wants blood, you relocate, workers lose their jobs. Second: you bleed them as customers. Third: via Europe's debts you zap countries and their citizens are bled. Worker, customer,...
by Ian Stiglingh 6 years ago
There is some debate about how government can influence the economy through money supply and money printing. I don't know much about the topic so I hope to learn a few things and hear some ideas.
by Annie 7 years ago
After what is happening with the economy do you all think that we should trust the banks, with...our hard earn money......or any othe investment facilities.... until the economy picks up? another year another rough recession.
by Cagsil 8 years ago
Hey Hubberville,I am planning on writing my next about the state of affairs of the Financial business' and Government action.However, I would like to point out one specific problem, for which, needs to be addressed almost immediately. Hence, the reason for the posting.The "credit" crisis...
by Mike Russo 5 years ago
The next time someone tells you that Obama is destroying the economy, remind them that the stock market and corporate profits are at all-time highs.When they tell you that this hasn't helped them, remind them they've just admitted Trickle-Down Economics doesn't work.All comments are appreciated.
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|