PentiumPro:


There is absolutely nothing smart in that question, it's in actual fact very embarassing as a Nigerian graduate to ask such

ckmayoca:
Op if u r a farmer and suddenly u jam plenty money, will u farm again? I bet no. So what will happen to the ppl that buys the food from u? Same wit doc, hair dresser, lecturers etc non of em will waanna work again.

Missy89:


Name on country or have a good day.

I am not interested in stories

scully95:


you keep asking the same f00lish question and i have answered you and even lectured you on how it works and how the anglozionist empire's leader U.S is doing it that is wrong. i have explained in to to for you. It's you that keeps saying any country can just be printing money without anything backing the money ??


There is no way you can just be printing money anywhere, even most countries now are trying to do a cashless economy which has a lot of advatntage.

All the countries using Fiat money has something backing it. You can't just be printing money anyhow and turning IOU to real value without anything backing your currency which is what the U.S is doing and it's the reason for the last reccession that saw over 2 trillion just evaporate and non of the bankers got jail terms. Only for the empire of lies to come out and start bailling the crooks that started the lies in the first place. Making something out of nothing has been the empire of lies strategy all over the world.

The simple answer to printing more money is Demand and Supply.. You must have demand and supply to meet up and balance the equation. If you print more money where there is no Supply to meet demands, this is known as inflation, hyper inflation in most cases and it's the reason they say that very soon, only the U.S will be able to afford its military junks that it builds and spend billions of dollar building.. (it is still the same reason KA 52 Aligator attack Holicopter which is more cost effective, cost less than over rated, over lied, over hyped Appache Helicopter. KA Alligator is far better than Appache any day any time. Now explain why and how come ? Olodo)

The simple truth is, if you print money anyhow without anything backing it. Not only that but also turns Fiat Debt to real value by selling its debts to other Puppet countries with the hope of prolonging the death of your fiat printed dollar or money, it will all end in default. Now that is criminal act against the 99% American people who deserve better than what the Neocons have given to them.

Now the wars has been backing the U.S fiat printed money and fiat debt and what happens if it can't back it anymore ? Default

Gadaffi is gone, Sadam is also gone. Who is next ? Assad is not going down so forget it. The blood money Dollar is going down.

Because there is no supply to most of all that it consumes. All the supply has been exported to China and other Asian countries why ? Because of the same inflation. It's cheaper to make these things outside and just sell it inside. Simple logic that is human resource is cheaper in other Asian countries.

Missy89:


Are you ever going to name ONE country?

scully95:


lol... Olodo of the 21st century. You really have nothing to say. Still saying the same thing and spamming NL. You see why I should not have time for you.
Read up again Olodo that says any country can be printing money anyhow that country likes.

lol..

Engineermbugame:
Hmmm,i learn alot here.dis thread is educated.

joey150:
sadly you cannot identify very good english. I dont know about your economics

tsdarkside:


hahahahahaha.....you are clueless...america is already doing it!!......what you think..??....

Missy89:

Can you name one country that is not printing money out of nothing ? Eyo kan pere!

scully95:


read up again this will be my last comment cos you are a spammer. I don't know why this tiny spamdetector has not banned you for the next 24 hours for spamming. Olodo you has little sense, decided to change the question which means the same thing.

Again read up to see answer.
Now answer this one question.

How can somalia buy anything from Russia for example ?

Let me help you.
Assuming Russia is selling Rosatom Nuclear power plant deal.
How can a country like Somalia buy anything from Russia that has default on virtually everything and that keep increasing the 000 that is printing ?
Even Zimbabwe is practising multi-currency.
How can you do Business with Somalia ?

That's the future for U.S that keeps printing anyhow and nothing backing it except war with less armed countries. No supply backing the printied dollar and when War is checkmated, the system default with it.

Let me even explain in brief how wars and regime change backs the Printing of Blood money. U.S.D..

A typical example and currently going on as we speak is Ukraine. Here is regime change. Installed Puppet and what did the Puppet in Kiev did. Ask IMF for more debts. Sharing the debt thereby prolonging the default.

The same thing happened during IBB era but glad Nigeria finally paid all the debts but Naira never recovered from the just one puppet being installed in out system. Many ppl do not remember.. Before IBB. N1 =2$..

After he was installed, arab league wanted to lend Nigeria money without interest or compound interest, but Puppet IBB said no, took IMF's debt sharing and prolonging of the default. After one month of that debt, N2 = 1$.. The debt OBJ finally paid everything with compound interest during his tenure. Naira never recovered since then..

Now on the war. Here it's simple, I have given you example of how only regime change is backing the dollar. In a war which U.S promised Iraw for example. Here war is sent to the countries usually against the dollar, after regime change has been tried,sanctions and every other thing, if the country still functioning without that dollar, washington and its crooks (usually those defaulting) with it send war to that country to destroy the instituitions and install puppets. What does puppets do the most ? Run like IBB to IMF to get the same debt sharing Fiat/Printed dollar to "rebuild" the country.

Now that's a vicious circle that cannot last forever and has only effectly worked in Yugoslavia that was destoroyed by NATO. Go and check all the debts sharing going on in the formal Yugoslavia countries.

I wont reply your crap again.

musicwriter:


True.

And sometimes I begin to wonder why the leaders of other nations have no idea the US literally hold the world economy hostage because of the dollar advantage. If the rest of the world jettison the dollar, the US would become a third world country overnight.

tsdarkside:


quick,quick...thats why america must keep military dominance at all cost.......or its overnight "bye bye american dream"......

americans are sooooooooooooooooooooooooo foolish,that they think its through their hard-work that they are above others...

idiiioooots...mumus in higher categoris.....the rest of the world knows they are living on borrowed time.....

Missy89:


So which country is NOT printing money out of nothing again?. I need just one word. Save the economics lesson.

ckmayoca:
Op if u r a farmer and suddenly u jam plenty money, will u farm again? I bet no. So what will happen to the ppl that buys the food from u? Same wit doc, hair dresser, lecturers etc non of em will waanna work again.

fiizznation:
lolx. You want to play smart right? Well you can't angrily take a valueless money to another man's country and spend it at your own satisfaction. Let's say, if a Zimbabwean brings his $4billion{Zimbabwe dollars} to Nigeria for the sole purpose of spending the money here. At the of the day, he might just be able to buy one plate of food with his $4billion in Nigeria and that's if he is even lucky

Lol its kinda funny but why?

Does that mean that the Zimbabwe $4million is equal to 350? (A plate of food) in Nigeria?

I'm kinda confused pls..

musicwriter:


It's third world countries that makes rich nations wealthy. Such an irony.

jjy:
What primary class are you?

Please Seun should put age limit to registration on nairaland as 13 years and above like Facebook.

Samguine:


His deficiency in Economics made him ask that question. Why not answer him instead of pointing out his deficiencies?

Pheals:
print watin .... Go back to history the illiterate abacha keep printing money when no country get crude oil from us ... He dey print amh pack go house ..what end it ? .... We can print it but the feature is " it must be scarce " so that it can have value. Op u understand now

tsdarkside:


tahhh.....i wouldnt bother about that too much......important is to be ready to defend yourself,when they come again to take your own share to add to theirs.....

we need a strong army that can defend nigeria and even defeat america on the battle-field...

they will come with all type of nonesense to attack and steal from you,just like they did to gadhaffi....

americans = europeans....never forget that.......

annibro:
Pls no yab me. Am being sincere about dis..... "Has our naira more value now DAT it is scarce?

scully95:


you keep asking the same f00lish question and i have answered you and even lectured you on how it works and how the anglozionist empire's leader U.S is doing it that is wrong. i have explained in to to for you. It's you that keeps saying any country can just be printing money without anything backing the money ??


There is no way you can just be printing money anywhere, even most countries now are trying to do a cashless economy which has a lot of advantage over dis...

All the countries using Fiat money has something backing it. You can't just be printing money anyhow and turning IOU to real value without anything backing your currency which is what the U.S is doing and it's the reason for the last reccession that saw over 2 trillion just evaporate and non of the bankers got jail terms. Only for the empire of lies to come out and start bailling the crooks that started the lies in the first place. Making something out of nothing has been the empire of lies strategy all over the world.

The simple answer to printing more money is Demand and Supply.. You must have demand and supply to meet up and balance the equation. If you print more money where there is no Supply to meet demands, this is known as inflation, hyper inflation in most cases and it's the reason they say that very soon, only the U.S will be able to afford its military junks that it builds and spend billions of dollar building.. (it is still the same reason KA 52 Aligator attack Holicopter which is more cost effective, cost less than over rated, over lied, over hyped Appache Helicopter. KA Alligator is far better than Appache any day any time. Now explain why and how come ? Olodo)

The simple truth is, if you print money anyhow without anything backing it. Not only that but also turns Fiat Debt to real value by selling its debts to other Puppet countries with the hope of prolonging the death of your fiat printed dollar or money, it will all end in default. Now that is criminal act against the 99% American people who deserve better than what the Neocons have given to them.

Now the wars has been backing the U.S fiat printed money and fiat debt and what happens if it can't back it anymore ? Default

Gadaffi is gone, Sadam is also gone. Who is next ? Assad is not going down so forget it. The blood money Dollar is going down.

Because there is no supply to most of all that it consumes. All the supply has been exported to China and other Asian countries why ? Because of the same inflation. It's cheaper to make these things outside and just sell it inside. Simple logic that is human resource is cheaper in other Asian countries.

PentiumPro:

You write very good English but yet very deficient in basic economics

PentiumPro:

You write very good English but yet very deficient in basic economics

bookface:


Printing money will not always result in inflation. Although it is the conventional wisdom, it is not always the case.

The conventional wisdom is based on the simple equation MV = PY where M is the supply of money, V is the velocity of money, P is prices and Y is the total quantity of goods.

The conventional wisdom that printing money simply increases inflation assumes that if M is increased, all other things being constant, then P should increase.

But all other things shouldn't have to be constant. For example, if printing money leads to more quantity of goods, prices could actually fall.

Furthermore, the argument is nonsense that more money supply equals higher inflation. Everyday a bank creates a loan, it is basically increasing the money supply out of thin air, which may not necessarily lead to inflation.

Finally, think about this...suppose the central bank prints out 10 billion naira notes today, and they leave it in the vault...would it cause inflation?

The answer is no

Suppose, the CBN choose to give the 10 billion notes to just 10 people, would this cause inflation? The answer is no! hence the role of the velocity of money.

EDIT: That said, you are correct, printing money to make all Nigerians billionaires will result in hyperinflation.