Méduse asked in News & EventsCurrent Events · 2 months ago

What about the massive printing of dollars by the Central Bank of the United States of America What will be the benefits or consequences?

7 Answers

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  • 1 month ago
    Favorite Answer

    News flash.   We use to have GOLD CERTIFICATES and gold coins.   They were valued at $20 per ounce of gold.   FDR (D)  put a stop to that,  they pulled it all in and devalued the dollar to $35 per ounce.    But we still had SILVER CERTIFICATES and silver coins.   They were valued at $1 per ounce of silver.   Johnson (D) put a stop to that,  they pulled it all in and the dollar was based on nothing.  All we have now is FEDERAL RESERVE NOTES which are not backed by anything,  they can print up as many of them as they want.   And along with the move by Johnson in 64 to go off the silver standard,  deficit spending became the norm in Washington.    Keep it up and we may end up having to pay $100 to buy a cup of coffee.   And this is why people are buying gold...

  • Rod
    Lv 6
    2 months ago

    I thought the US treasury prints all the paper money. Anyway, printing more paper money is not doing to fix up the economy if its value is low.

    Its like having an extra hundred dollars in your pocket but the price of coffee costs 90 dollars.

  • Anonymous
    2 months ago

    Diversion of wood pulp away from toilet roll manufacture to make banknotes, leading to another toilet roll shortage.

  • Elaine
    Lv 7
    2 months ago

    One of the consequences is the devaluation of the US Dollar and one result of devaluation is inflation.  Look at countries like Argentina where this has happened. 

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  • Kieth
    Lv 7
    2 months ago

    The treasury department prints the money, not the banks. No, ATM machines don't print money either.

  • y
    Lv 7
    2 months ago

    Under Obama it was great, under Trump it will lead to devaluing the dollar. Not so great. Then again, that could all be switched around depending on who is making the argument.  Under my guy good, under your guy bad, been that way for the last 40 or 50 years at least.

  • Anonymous
    2 months ago

    Sounds like quantitative easing to get hoarders to start moving their money and assets to kick start the economy as the dollar will devalue as a result of mass printing

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