Govt rejects call to print money

14/12/2012 2:23:47 a.m.

Isaac wrote:

Just print it! Those who are refusing are just disillusioned into thinking that things will get better. Surely they know that unless the American economy isn't diluted into the North American Union (USA, Canada & Mexico) in the formation of the Amero dollar and subsequent TPP deals everyone's currency will be strangely reduced to the worth of the paper it's printed on. We can all rest assured that one day everybody will be in so much debt it won't mater and the system will collapse. Print it I say, at least we will have an enhanced infer structure to see us through until the next global con comes along.

9/10/2012 9:05:19 a.m.

Greg wrote:

Anybody notice that they have stopped rabbiting on about saving for retirement. I suppose thats all good now. Kiwisaver is taking millions out of the local economy and just making the recession worse. If they want to devalue the dollar then take make it a non floating one like the Yuan. China still has 3 trillion of U.S. toxic debt, they wont be happy with the value dropping. Wait till they start dumping that.

8/10/2012 10:50:34 a.m.

mongreldog.co.nz wrote:

The US is in a bit of an paradox because it holds the current status of "reserve currency", they are debasing their currency through QE and if done for long enough reserve banks around the world will stop holding USD as reserve. We have already seen many major commodities to stop trading in USD. And the American public can see this. Part of this paradox is that printed money has a stimulus effect in USA toward consumption and spending, most of that goes to imported goods and if you look at the job numbers they are actually adding more service and retail jobs than manufacturing. Essentially increasing the speed their economy will gain debit and fail. To say that QE (printing) is a stimulus is a bit of a misrepresentation, it is actually a transfer of wealth from those holding deposits to those who hold debit. It encourages irresponsible decisions to recklessly spend, and therefor not invest. Remember Savings = investment. And Investment is what creates more efficient workplaces where people can earn a higher wage. A man with a spade can only do soo much, but a man skilled in using a Digger can do much much more work in the same space of time and earn a far higher wage. This is what the greens want to destroy. They may wish to force the minimum wage up with legislation but their policies will make it impossible to save and purchase the capital goods required for an hourly rate they talk about.