Sentences with phrase «to print the currency»
"To print the currency" means to produce physical money, such as bills or coins, that is used as a means of exchange within a country's economy. Full definition
The difference between printing currency and mining is that you have to ability to print money on demand, while mining is limited to whatever is available to extract at a given time.
money.stackexchange.com
One attraction is that, in contrast to limitless printed currencies, there can never be more than 21 million bitcoins.
It's no small task: Masiyiwa essentially wants to replace printed currency with digital money, transforming his native country into Africa's first paperless economy.
Countries actually generate revenue from printed currency, thanks to «seigniorage,» or the difference between the cost of production (roughly 9 cents per bill) and its face value.
A «hard - money» philosophy thus has led Russia to pay vast sums of interest to the world's investment bankers for the privilege of printing currency that it could just as well do for itself.
But being in the position to print the currencies for occupied Europe, Nazi Germany never had to cover that deficit.
The performance of gold vs. fiat currencies reflects the fact that Central Banks globally are devaluing their currencies by printing currency and sovereign debt in increasing quantities.
«A disorderly default would not only have led to a collapse of the banking system and a disappearance of all deposits, but it would force you to print a currency which would be drastically devalued because there is no reserve to support it,» he said.
For an outfit as big as the federal government, which generates annual revenue of $ 300 billion, and has the sovereign authority to print currency whenever it wants, borrowing at those terms is like getting money for nothing.
It is the silent theft that takes place every day as central banks print currency and the cost of goods go up.
Loyalty points (in this case Chase Ultimate Rewards points) are a currency and Chase is printing their currency like there's no tomorrow.
It doesn't replace federal printed currency, but augments it by getting people to make the practical and symbolic gesture of supporting local businesses before national chains.
We created Anne Hathaway's start - up in an old factory in the Bronx that once printed currency.»
Cryptocurrency is nothing more than what we already have today: electronic funds and printed currency.
Printed currencies — including dollars, euros, and pounds — were spotted across a number of looks on Balenciaga's SS18 runway, and this blue silk - crepe shirt offers a stylish way to tap the trend.
If you control your own currency, these problems are modified, because of the option to print currency to pay off debt, and inflate problems away.
A cascade of monetary symbols, each squeezed from whimsically drawn paint tubes, tumbles across the page in Arman's 1989 print Currency.
the most truly inconvenient truth is that the world's economic system, which is based on fractional reserve banking (which essentially allows for printing money whenever a government chooses to do so, independent of any real productive value underlying the printed currency), which then requires constant growth to pay the interest on ever increasingly debt on the new «money» that is then used to create loans or government financing of whatever.
@zer0hedge In all cases under Article I, Section 8, «The Congress shall have the power to...» means that the «Congress shall have the power to enact legislation to be carried out by the Executive Branch to...» The phase was never contemplated to mean that members of Congress would, for example, run printing presses to print currency.
As part of joining the United States, this country agrees to cede certain powers (such as the ability to make war, conduct foreign negotiations, hold treaties, print currency and regulate interstate trade, ect.)
Unlike conventional currencies we know where governments and financial institutions can print the currency, cryptocurrencies follow a different method.
The President of Liberland, Vit Jedlicka, has confirmed that Liberland will not have an official currency nor a printed currency.
While currencies were initially backed by gold, governments across the world felt that this was restricting their ability to print currency and expand their economies, and withdrew from the gold standard long ago.
If it was a printed currency it would just be a «piece of paper».