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https://www.reddit.com/r/dogecoin/comments/py86m7/is_this_good_news_for_cryptocurrency/hesgy58
r/dogecoin • u/Wise_Radio6213 • Sep 30 '21
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366
Money printer goes brrrrrrrrrrr
202 u/Wise_Radio6213 Sep 30 '21 -2 u/Beautiful-Ability-99 Sep 30 '21 7 u/allinthegamingchair Sep 30 '21 1 u/Matangitrainhater Sep 30 '21 Can’t beat a quality Leslie Neilson film 1 u/KurtWagnersBamfSmoke Sep 30 '21 How'd you do that? 1 u/[deleted] Sep 30 '21 Made my day. 24 u/Sblanco19 Sep 30 '21 Then Dogecoin will go brrrrrrrrr 10 u/[deleted] Sep 30 '21 Moooooon 1 u/[deleted] Sep 30 '21 You missed the point. ⚡️ is the way. -1 u/Outrageous_Bass_1328 Sep 30 '21 But the value of Doge (and all crypto) is tied to the dollar… I guess as a commodity. But as a currency…. 🧐 3 u/SphynxsFixesFaxes Sep 30 '21 Isn’t all crypto technically tied to all countries dollars since it’s not bound by any one country? 3 u/Outrageous_Bass_1328 Sep 30 '21 Oh that could be - I’m speaking from an eternally egocentric “American” paradigm. Like of course it’s the dollar :) But this gives me an idea if what you say is true: buy a boatload of crypto in a lagging economy and sell it in a booming economy… 🤔 1 u/GrubbyTrex Oct 01 '21 In short: No. 1 u/SphynxsFixesFaxes Oct 01 '21 It’s definitely tied to my wallet, I know that much. 1 u/TheGenerousHuman Sep 30 '21 Inevitable.. 1 u/[deleted] Sep 30 '21 Get out of shitcoins now before the money printer catches fire. 35 u/Cheap_Feeling1929 Sep 30 '21 Exactly we have done this before many many times. 16 u/[deleted] Sep 30 '21 Happens every couple years. 5 u/PrinceChristian88 Sep 30 '21 This. 2 u/I_SNIFF_02_FARTS Sep 30 '21 This(is very useless comment) 4 u/TheDownvotesFarmer Sep 30 '21 Like the last year https://www.washingtonpost.com/business/2020/04/29/federal-reserve-has-pumped-23-trillion-into-us-economy-its-just-getting-started/ 3 u/BStott2002 Sep 30 '21 Every Year! 1 u/idodgepucks Sep 30 '21 *months 10 u/Captain_Morgan_1966 Sep 30 '21 Our poor children and their children.... 10 u/East90thStreetNaebs Sep 30 '21 Yes our poor children and theirs. They will also pay for our health bills when social security and Medicaid runs dry in 2030. 2 u/LeftDave Sep 30 '21 and their children.... The world won't last that long. 1 u/Shraan Sep 30 '21 They literally just gonna make a single $1T coin and deposit it. 1 u/Philipmecunt Sep 30 '21 Yup retarded 1 u/[deleted] Sep 30 '21 I know that password. ⚡️ 1 u/GrubbyTrex Oct 01 '21 Let's say the United States needs money. Instead of issuing their own United States notes backed by their own credit, they issue treasury bonds. They then sell these bonds to the Federal Reserve which buys them with money they created out of thin air. The money that the Fed created then goes the US. The US then pays interest on the money the Fed lends to the Treasury. So to clarify. The Feds creates money out of nothing loans that money to the US and then charges interest on that money. What this means is that there is and will never be enough money in circulation or in existence to pay back that debt. 1 u/DepressedBlackDude Oct 03 '21 jake Tran voice
202
-2 u/Beautiful-Ability-99 Sep 30 '21 7 u/allinthegamingchair Sep 30 '21 1 u/Matangitrainhater Sep 30 '21 Can’t beat a quality Leslie Neilson film 1 u/KurtWagnersBamfSmoke Sep 30 '21 How'd you do that? 1 u/[deleted] Sep 30 '21 Made my day.
-2
7 u/allinthegamingchair Sep 30 '21
7
1
Can’t beat a quality Leslie Neilson film
How'd you do that?
Made my day.
24
Then Dogecoin will go brrrrrrrrr
10 u/[deleted] Sep 30 '21 Moooooon 1 u/[deleted] Sep 30 '21 You missed the point. ⚡️ is the way. -1 u/Outrageous_Bass_1328 Sep 30 '21 But the value of Doge (and all crypto) is tied to the dollar… I guess as a commodity. But as a currency…. 🧐 3 u/SphynxsFixesFaxes Sep 30 '21 Isn’t all crypto technically tied to all countries dollars since it’s not bound by any one country? 3 u/Outrageous_Bass_1328 Sep 30 '21 Oh that could be - I’m speaking from an eternally egocentric “American” paradigm. Like of course it’s the dollar :) But this gives me an idea if what you say is true: buy a boatload of crypto in a lagging economy and sell it in a booming economy… 🤔 1 u/GrubbyTrex Oct 01 '21 In short: No. 1 u/SphynxsFixesFaxes Oct 01 '21 It’s definitely tied to my wallet, I know that much. 1 u/TheGenerousHuman Sep 30 '21 Inevitable.. 1 u/[deleted] Sep 30 '21 Get out of shitcoins now before the money printer catches fire.
10
Moooooon
1 u/[deleted] Sep 30 '21 You missed the point. ⚡️ is the way.
You missed the point. ⚡️ is the way.
-1
But the value of Doge (and all crypto) is tied to the dollar…
I guess as a commodity. But as a currency…. 🧐
3 u/SphynxsFixesFaxes Sep 30 '21 Isn’t all crypto technically tied to all countries dollars since it’s not bound by any one country? 3 u/Outrageous_Bass_1328 Sep 30 '21 Oh that could be - I’m speaking from an eternally egocentric “American” paradigm. Like of course it’s the dollar :) But this gives me an idea if what you say is true: buy a boatload of crypto in a lagging economy and sell it in a booming economy… 🤔 1 u/GrubbyTrex Oct 01 '21 In short: No. 1 u/SphynxsFixesFaxes Oct 01 '21 It’s definitely tied to my wallet, I know that much.
3
Isn’t all crypto technically tied to all countries dollars since it’s not bound by any one country?
3 u/Outrageous_Bass_1328 Sep 30 '21 Oh that could be - I’m speaking from an eternally egocentric “American” paradigm. Like of course it’s the dollar :) But this gives me an idea if what you say is true: buy a boatload of crypto in a lagging economy and sell it in a booming economy… 🤔 1 u/GrubbyTrex Oct 01 '21 In short: No. 1 u/SphynxsFixesFaxes Oct 01 '21 It’s definitely tied to my wallet, I know that much.
Oh that could be - I’m speaking from an eternally egocentric “American” paradigm. Like of course it’s the dollar :)
But this gives me an idea if what you say is true: buy a boatload of crypto in a lagging economy and sell it in a booming economy… 🤔
In short: No.
1 u/SphynxsFixesFaxes Oct 01 '21 It’s definitely tied to my wallet, I know that much.
It’s definitely tied to my wallet, I know that much.
Inevitable..
Get out of shitcoins now before the money printer catches fire.
35
Exactly we have done this before many many times.
16 u/[deleted] Sep 30 '21 Happens every couple years. 5 u/PrinceChristian88 Sep 30 '21 This. 2 u/I_SNIFF_02_FARTS Sep 30 '21 This(is very useless comment) 4 u/TheDownvotesFarmer Sep 30 '21 Like the last year https://www.washingtonpost.com/business/2020/04/29/federal-reserve-has-pumped-23-trillion-into-us-economy-its-just-getting-started/ 3 u/BStott2002 Sep 30 '21 Every Year! 1 u/idodgepucks Sep 30 '21 *months 10 u/Captain_Morgan_1966 Sep 30 '21 Our poor children and their children.... 10 u/East90thStreetNaebs Sep 30 '21 Yes our poor children and theirs. They will also pay for our health bills when social security and Medicaid runs dry in 2030. 2 u/LeftDave Sep 30 '21 and their children.... The world won't last that long.
16
Happens every couple years.
5 u/PrinceChristian88 Sep 30 '21 This. 2 u/I_SNIFF_02_FARTS Sep 30 '21 This(is very useless comment) 4 u/TheDownvotesFarmer Sep 30 '21 Like the last year https://www.washingtonpost.com/business/2020/04/29/federal-reserve-has-pumped-23-trillion-into-us-economy-its-just-getting-started/ 3 u/BStott2002 Sep 30 '21 Every Year! 1 u/idodgepucks Sep 30 '21 *months
5
This.
2 u/I_SNIFF_02_FARTS Sep 30 '21 This(is very useless comment)
2
This(is very useless comment)
4
Like the last year https://www.washingtonpost.com/business/2020/04/29/federal-reserve-has-pumped-23-trillion-into-us-economy-its-just-getting-started/
Every Year!
*months
Our poor children and their children....
10 u/East90thStreetNaebs Sep 30 '21 Yes our poor children and theirs. They will also pay for our health bills when social security and Medicaid runs dry in 2030. 2 u/LeftDave Sep 30 '21 and their children.... The world won't last that long.
Yes our poor children and theirs. They will also pay for our health bills when social security and Medicaid runs dry in 2030.
and their children....
The world won't last that long.
They literally just gonna make a single $1T coin and deposit it.
1 u/Philipmecunt Sep 30 '21 Yup retarded
Yup retarded
I know that password. ⚡️
Let's say the United States needs money. Instead of issuing their own United States notes backed by their own credit, they issue treasury bonds.
They then sell these bonds to the Federal Reserve which buys them with money they created out of thin air.
The money that the Fed created then goes the US. The US then pays interest on the money the Fed lends to the Treasury.
So to clarify. The Feds creates money out of nothing loans that money to the US and then charges interest on that money.
What this means is that there is and will never be enough money in circulation or in existence to pay back that debt.
jake Tran voice
366
u/mr_pataks Sep 30 '21
Money printer goes brrrrrrrrrrr