[P2P-F] Fw: Can "Printing" Money Save Economies? The Answer, Yes, and No....

Mon Sep 26 14:07:04 CEST 2011

----- Forwarded Message -----
From: robert searle <dharao4 at yahoo.co.uk>
To: "dharao4 at yahoo.co.uk" <dharao4 at yahoo.co.uk>
Sent: Monday, 26 September 2011, 12:54
Subject: Can "Printing" Monye Save Economies?

If for whatever reasons governments cannot pay off their debts one way of achieving economic stability is to "print" it en masse!! This is not ofcourse a good debt concellation/reduction plan (!) as it could lead to serious inflation, or even hyperinflation.....but it can work..if not  too much money is created by governments. Something like this could ultimately save the Euro if it occurs on a large enough scale. 

In pre-revolutionary America colonists found it very difficult to raise funds in the various States they created. So, they resorted to the printing press. Quite often this worked but not always (ref. Ellen Brown/Web of Debt). Infact, the American War of Independence was funded by printing money. This money was known as the Continentals but it ultimately lead to serious inflation. However, it is claimed that the Brits had been "flooding" the money supply with fake copies. The same claim was also made about the Assignats created during the French Revolution (ref. Zarlenga, and his key book on money). The American Civil War was funded by Lincoln with his Greenbacks notes created by the then existing government. This did not lead serious inflation as far as we know...The Russian Revolution was largely funded in a like manner though there is some talk about some capital being borrowed by private foreign commercial banks.

It appears too that Hitlers miracle economic "revolution" leading to WII was due to simply printing money but with strong price controls in place on many products. Apparently, the same goes for the funding of the Vietnam War when President Johnson admitted that it could not be financed by taxation because the war was  so unpopular .......This is a big subject, and no doubt other examples have not been included here (notably Zimbabwe!!). 

There are a number of articles about Hitler "printing" money on the internet along with the Vietnam War (plus the  Assignats, Greenbacks, et cetera, et cetera).  As far as I understand it governments cannot legally create money electronically en direct into  the economy. However, it is not fully  clear whether they can still print it "legally". To very limitedextent this occurs but if huge amounts were to  be involved this might require somekind of legal arrangement. This is still subject to research. 

http://www.google.co.uk/#pq=hitler+and+monetary+reform&hl=en&sugexp=tsh&cp=19&gs_id=20&xhr=t&q=hitler+prints+money&pf=p&sclient=psy-ab&source=hp&pbx=1&oq=hitler+prints+money&aq=f&aqi=&aql=&gs_sm=&gs_upl=&bav=on.2,or.r_gc.r_pw.&fp=92910b6b81417d8f&biw=1024&bih=585

http://www.google.co.uk/#pq=hitler+prints+money&hl=en&sugexp=tsh&cp=40&gs_id=3f&xhr=t&q=vietnam+president+johnson+printing+print+money&pf=p&sclient=psy-ab&source=hp&pbx=1&oq=vietnam+president+johnson+printing+print+money&aq=f&aqi=&aql=&gs_sm=&gs_upl=&bav=on.2,or.r_gc.r_pw.&fp=92910b6b81417d8f&biw=1024&bih=585
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