RE: DID OUR "WORLD LEADERS" JUST PUSH GLOBAL RECESSION AWAY from our doorsteps?

avatar

You are viewing a single comment's thread:

My dear friend @crypto.piotr

Definitely within your explanation you are absolutely right to generate more public spending and additional print more money without backup generate future economic uncertainty.
But its results can be seen once that this in full development, Now it can be dismantled but it would also imply to be able to have much more entrepreneurship that can counteract that and another serious way to try to get involved in more debt, I know it is difficult because advertising and consumption in this case also tend to increase so we fall into that vicious circle and the government move.

Venezuela is a living example of this and we're going for the second time that the government changes the currency and so far in these 20 years of this bad government has removed eight zeros from the currency and have changed the name.

But there is a big difference between my country Venezuela and the United States, there are private companies that counteract this public spending and that way that the printed money are not so badly used either in terms of growth.

on the other hand in Venezuela every day as long as government criminals are there will continue to foment that public expenditure bringing the consequence of more hyperinflation.

Each country has its own experiences, however I hope you don't shoot me but Trump is a lynx in business for something to the U.S. economy this year grew, compared to other governments. It should be noted that this opinion is only by information from economic news emanating from that country.



0
0
0.000
1 comments
avatar

Dear @lanzjoseg

Is actually Venezuelan currency backed by anything? Usually you can print new money when you create new debt. But Venezuela doesn't seem to follow that rule.

Thank you for your amazing comment

Yours
Piotr

0
0
0.000