Digital currency for us banknote printing
Publish: 2021-04-19 04:20:47
1. A new resolution initiated by representative Adam kinzinger, a Republican from Indiana, has been submitted to the US House of Representatives, calling for a national policy on emerging technologies, including digital currency and blockchain technology
the resolution calls on the idea of bitcoin, but does not directly mention its name. Instead, it calls it "alternative illegal currency". Blockchain technology is the key point, which points out that this technology has the potential to "fundamentally change" the way trust and security are built on online transactions
but in fact, the United States has not taken action to formulate this rule. However, there is a global blockchain alliance R3 in the process of formulating the standard for the use of blockchain. Of course, blockchain is just a technology that can be used by anyone. In China, there is a project called decent, which is more avant-garde. It uses blockchain technology to create a decentralized content release, but it may encounter some problems in China.
the resolution calls on the idea of bitcoin, but does not directly mention its name. Instead, it calls it "alternative illegal currency". Blockchain technology is the key point, which points out that this technology has the potential to "fundamentally change" the way trust and security are built on online transactions
but in fact, the United States has not taken action to formulate this rule. However, there is a global blockchain alliance R3 in the process of formulating the standard for the use of blockchain. Of course, blockchain is just a technology that can be used by anyone. In China, there is a project called decent, which is more avant-garde. It uses blockchain technology to create a decentralized content release, but it may encounter some problems in China.
2. It's all the same in printing money! ha-ha... Eggs, in essence, there are some differences! How money printing works depends on the circumstances! The question you asked is a bit general and hard to answer! Because China's RMB is not an international currency, the printing of money by the people's Bank of China mainly has a great impact on the domestic economy, but also has a great impact on the international economy! However, the United States is different, because the US dollar is the most important international currency in the world. As soon as the United States prints money, the world will have to move with it. There is no exception to that country. You can't even think about it! It can be seen that the impact of the dollar is not general
let's talk about recent years! In order to cope with the impact of the US subprime mortgage crisis on the international economy and China's economy, the Chinese government decided to invest 4 trillion yuan. This kind of behavior is to print a lot of money in a short time! The main reason for the government to do so is to stimulate investment! Let the idle funds move! Such a large amount of money will not cause the devaluation of money, but let the money appreciate! This example tells us that money will not depreciate if it is printed too much. As long as money is used in the right place, it will make money appreciate! Meanwhile, the United States also wants to boost economic recovery by increasing bank loans! So there are QE1 and QE2 of the Federal Reserve, which is to increase the amount of money in the hands of banks by starting the money printing machine! If there are more dollars, the world will suffer! When the dollar increases, the dollar in other people's hands will depreciate! And the American credit crisis caused by the American economic crisis can not be solved by printing money, on the contrary, the credit crisis is more serious! Cause the rapid depreciation of the US dollar and the rapid appreciation of RMB.! The US dollar is much better now, because the European debt crisis has saved the US dollar's credit!! When Euro meets us dollar, it must be Euro! So now the euro is devaluing and the dollar is appreciating! Back to China, because the 4 trillion yuan has gone down some time ago, and China's economy has survived that crisis. A lot of money in the egg market will also lead to a flood of money, so we are also trying to recover some money
the above are personal opinions, not necessarily all right, just for reference!
let's talk about recent years! In order to cope with the impact of the US subprime mortgage crisis on the international economy and China's economy, the Chinese government decided to invest 4 trillion yuan. This kind of behavior is to print a lot of money in a short time! The main reason for the government to do so is to stimulate investment! Let the idle funds move! Such a large amount of money will not cause the devaluation of money, but let the money appreciate! This example tells us that money will not depreciate if it is printed too much. As long as money is used in the right place, it will make money appreciate! Meanwhile, the United States also wants to boost economic recovery by increasing bank loans! So there are QE1 and QE2 of the Federal Reserve, which is to increase the amount of money in the hands of banks by starting the money printing machine! If there are more dollars, the world will suffer! When the dollar increases, the dollar in other people's hands will depreciate! And the American credit crisis caused by the American economic crisis can not be solved by printing money, on the contrary, the credit crisis is more serious! Cause the rapid depreciation of the US dollar and the rapid appreciation of RMB.! The US dollar is much better now, because the European debt crisis has saved the US dollar's credit!! When Euro meets us dollar, it must be Euro! So now the euro is devaluing and the dollar is appreciating! Back to China, because the 4 trillion yuan has gone down some time ago, and China's economy has survived that crisis. A lot of money in the egg market will also lead to a flood of money, so we are also trying to recover some money
the above are personal opinions, not necessarily all right, just for reference!
3.
4. Quantitative easing is to increase the circulation of dollars. You don't need to print money. You just need to add a number to the balance of the Federal Reserve Bank. No printing is required.
5. If Americans print money, it is equivalent to the depreciation of the US dollar. If other countries do not act, it is equivalent to the appreciation of other countries' currencies
for large exporting countries like China, international trade is usually settled in US dollars. The depreciation of US dollars is equivalent to less money earned
therefore, China needs to issue the same currency to ensure that the exchange rate of US dollar and RMB is within a certain controllable range and maintain sustainable economic development.
for large exporting countries like China, international trade is usually settled in US dollars. The depreciation of US dollars is equivalent to less money earned
therefore, China needs to issue the same currency to ensure that the exchange rate of US dollar and RMB is within a certain controllable range and maintain sustainable economic development.
6. The United States is not allowed to print money at will
the total amount of broad money in the United States is about 12 trillion, and it is estimated that at least half of it circulates outside the United States
suppose: the United States now runs the banknote printing machine to print US $3 trillion
first of all, the total amount of US currency is 15 trillion, and the US dollar will depreciate by 20% in theory, but in fact, it is far more than 20%, because when you have the expectation of a substantial depreciation, the world will sell US dollars sharply, plus some financial leverage, so it is not surprising how much the depreciation is, of course, It's just a hypothesis
in addition, with about $6 trillion in circulation in the United States, if the extra $3 trillion can not go out, coupled with the return of global selling dollars, the domestic inflation rate in the United States may be 100% or even more. If such a huge inflation occurs in the United States, where people do not like saving, then the U.S. economy will collapse directly.
the total amount of broad money in the United States is about 12 trillion, and it is estimated that at least half of it circulates outside the United States
suppose: the United States now runs the banknote printing machine to print US $3 trillion
first of all, the total amount of US currency is 15 trillion, and the US dollar will depreciate by 20% in theory, but in fact, it is far more than 20%, because when you have the expectation of a substantial depreciation, the world will sell US dollars sharply, plus some financial leverage, so it is not surprising how much the depreciation is, of course, It's just a hypothesis
in addition, with about $6 trillion in circulation in the United States, if the extra $3 trillion can not go out, coupled with the return of global selling dollars, the domestic inflation rate in the United States may be 100% or even more. If such a huge inflation occurs in the United States, where people do not like saving, then the U.S. economy will collapse directly.
7. It's hard to say, but one thing is certain: for US banknotes, there are a lot of US dollars. Once there are more US dollars, they are not so valuable. For RMB, they can't be exchanged as much as they used to be. No one is so sure whether they will go up or down, let alone how long it will affect. If you are a US dollar investing in foreign exchange, Please be careful.
8. At least so far, there is no case that people in the whole country can't afford to spend their dollars. Problems that don't exist don't need to be solved.
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