Can we just Make more Money?
@LetranKnight25 (33121)
Philippines
October 1, 2010 2:23am CST
It's really sad that things aren't going well for countries that are experiencing a lot of Financial Crisis right. first, there was US, then Europe, recently Spain,France and Ireland as well had been into financial troubles.
As for the Philippines, I noticed either steady of lack of investments recently. more unemployed people and more graduates that may face unemployment. no wonder the New generation only wants to work abroad and no longer, work here but for experience only.
there was a time when we watch the news about the falling Peso over dollar exchange. my mom said, why just make more money? then my brother replied "inflation will increase"
You know, it really doesn't make any sense why our money will be devalued if we make more.
WHO THE HECK MADE THIS FINANCIAL SYSTEMS anyways, I don't believe in Financial Crisis.
Why can't just the government disregard the devalue of money, make like one trillion bills and simply gave it to the people who wants to start own business? that would have seemed easier..or make those bills to pay our debt.
they just get it from trees,then print them and signs them..anything else beyond that?
Sorry, i guess I wasn't that smart to begin with when it comes to FINANCIAL MANAGEMENT.
I got a bad feeling we are being fooled in this kind of system..
1 person likes this
8 responses
@megamatt (14292)
• United States
1 Oct 10
If it was only that simple, if it was only that simple. Making more money would be the equivalent of putting a band-aid on after both arms and both legs and your head had been completely hacked off your body. The truth is, printing up more money won't really solve anything. In fact, it is just going to devalue everything even more. You just have a bunch of worthless printed paper in the end.
This crisis, I'll tell you a lot of the time, it's not going to be any magic fix. This is going to take a lot of careful work. From all parts of the world but to find a solution is going to take an unfortunate amount of time. The best thing we can do right now is slow it down somehow, but the problem is, a lot of the times when the government tries to help, it just makes it worse. That is the problem with finding solutions.
1 person likes this
@LetranKnight25 (33121)
• Philippines
1 Oct 10
Hello Megamatt,
Not to mention if corruption is widely part of the system, things are a lot worse than it should be. I won't be surprised if the best and the smartest have always been hopeless of our country,looking for job elsewhere. well, in here, the government can't do much, and still gets the blame.
@pinoycity (575)
• Philippines
1 Oct 10
Economists will say that printing too much money will raise inflation. Having too much money in the market will just raise prices of commodities even more. There might come a time when you need sack-load of money just to buy 1 kilo of rice.
@LetranKnight25 (33121)
• Philippines
1 Oct 10
Hello PinoyCity,
Pathetic it may seemed but i believe you're right. probably that's why we need more investments than ever before. but how can we do that if we don't have enough security, this country had also been feared by foreigners. specially the tourist getting kidnap or hostage taken.
@pinoycity (575)
• Philippines
1 Oct 10
Hi LetranKnight,
One thing we can do is to buy Philippine-made products. This way, more jobs can be created.
@KrauseHome (36448)
• United States
20 Jun 11
Personally the Financial crisis is not one that is going away anytime soon no matter where you are from. There will always be not enough $$ to be able to help out those who need it most, and those who will not ever care about others, and those who will try and cheat the systems anyway they can. It would be nice if there could be something implemented to help those who are wanting to start their own Business as in cheaper loans, etc. but personally I think they continue to be against this.
All over the world it is always about Financial management and trying to teach us how to plan and save more for the future, why the continue to make Bad investments, get us deeper into debt and not care about the economy and people as a whole.
@Hatley (163781)
• Garden Grove, California
2 Oct 10
hi letran I do not think its all that simple reallybut I am
no financial genuis either. Here in the US we need our president
to forget other nations and handouts and work to get jobs so
we can all go back to work again here.In your country I haveread sad stories from some men and women who leave their mates or spouses there and come to other countries simply to get much better wages. one mom was heartbroken as she had to leave her two little kids with their grandmom just so she could come to the U S and make better wages.she felt so bad about not being there for her children, then too she got a job only to get laid off in the horrid recession. so I do hope she went back to the Philippines to word. I wish your country could find ways to entikce their citizens to work at home by paying better wages.
@hardworkinggurl (37063)
• United States
1 Oct 10
This question has taunted me for many years, I often thought wait if the government has the authority of creating money then why not just print out more of it. I suppose they have their reasons, but for me looking from the outside in have never been able to understand it.
I suppose it is a way to continue to humble us and they continue to gain authority.
@LetranKnight25 (33121)
• Philippines
1 Oct 10
Hello Hardworkinggurl,
Yeah, and they continue to preached and step people that has no money power. so hard but so true here. the reasons probably not convincing enough to stop poverty, more so, it's just to make a rich out of the few people and let the others go poor and die slow. it seemed that capitalism only last a while as well, just like the Communism Rule.
@Lanzong (7)
• China
1 Oct 10
If one country earn more money from other country, her currency will increase in value. Then, export get lower in short time due to ralative expensive products. So, for this country, I can't confirm whether it's good thinkg. You know, we must see the real situation.
Nowadays, the price grows fast, but the average of people's income still keeps low. As a result, the living level of mojority become lower. In long run, this will be bad for the growth of economy. Government must settle this because the consumers are important to the growth of economy, but their low incomes make them can't afford much more good.
@LaurenInLA (2270)
• United States
1 Oct 10
It reallyis all about supply and demand. If there is a great supply of a product and there isn't a lot of demand, prices will decrease. A good example of this is the auto industry. People aren't buying and some companies are now even allowing us to buy a car and return it if we don't like it. On the other hand, if demand increases and the supply remains the same, prices do go up. A good example of this is oil which is a finite resource. Prices go up in the summer when it is vacation season and many people are driving somewhere. Imagine what the price of a flat screen would be if governments just printed money and gave it to people to buy what they wanted. There is an inherent problem with money today in that it is no longer backed with gold. Money is now backed by the full faith and credit of the ________________ government (fill in the blank).
@mldsmd (38)
• United States
1 Oct 10
here's a thought for you to disregard. How about we all just get rid of these social programs draining our country?!? Seriously, think about all the tax money and all the money adding to debt going to social programs. Throw that money back to the people who actually earned it and watch how much more money is spent and contributing to the economy.
I'm not saying all social programs are bad, but the ones supporting people who just plain don't want to work or better themselves are wrong and are killing us!
