Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

When will the "Fiscally Responsible" tell the truth that printing money ALWAYS causes a recession?

It took 7 years for the Vietnam printing to hit America, What Bush did with TWO VIETNAMS and Obama continues with ANOTHER TWO VIETNAMS will certainly bankrupt America once and for all. $200 for a loaf of bread anyone?

Civil war will certainly follow and China will certainly walk in standing up.

6 Answers

Relevance
  • jehen
    Lv 7
    1 decade ago
    Favorite Answer

    So where is you evidence that money was printed? All of the money we have borrowed has an IOU on it, a good bit of it to foreign investors. Do you think they would buy our debt or bonds if we were printing money? If we were printing money why would we even bother to borrow?

    And there has never, ever been any hyper inflation in the US. The worst we ever saw was low double digits in the late 70's and early 80's. That lasted about 4 years and was snuffed out by very painful interest rates. We may see that again in the future, but right now, in a recession - caused by high energy prices, a busting housing bubble and an irresponsible financial industry (none of which had a thing to do with the debt or deficit) any inflation above background levels is very unlikely - in fact this is a serious enough recession for deflation to be a real problem.

    So you are right - printing money is bad. But that is just not happening and is not in any way a cause of any US recession of the last 80 years.

  • iceman
    Lv 7
    1 decade ago

    When everyone finally understand that the Federal Reserve Bank is the US number one enemy and it must be abolished.

    I've used the following in my previus answers:

    Eliminate The Federal Reserve Bank. Solve 90% of the US and the world problems.

    1)FR prints and lend $1 to the gov at 10% Interest rate

    2) The gov has $ 1 in hand but owes $ 1.10, cycle continues.

    3) The gov has no income, That's why FR created the IRS to steal Americans money

    4) our Entire Federal Tax goes to pay what gov owes to FR.

    and that money end's up in Europe in some Elites bankers pockets. who insults our Constitutions like this.

    "Give me control of a nation's money and I care not who makes it's laws"

    Mayer Amschel Buer Rothschild ( Freaking long name ! lol )

    Rothschild Family Banker ; Major Stockholder in the Federal Reserve.

    Best Regards.

  • 1 decade ago

    Our "money" used to be gold and silver (The Constitution requires it) And Federal Reserve Notes were just that -notes- redeemable for lawful money at any United States Treasury or Federal Reserve.

    Today our "money" is backed by nothing more that our willingness (read gullibility) to accept it.

  • 1 decade ago

    When the sun rises in the west.

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    People say this every time we have a reccession, and every time they are wrong. What makes you think you will be right this time?

  • 1 decade ago

    So it be written, so lets do something about it.

Still have questions? Get your answers by asking now.