2006-11-20 03:14:16 · 10 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
No, because the more money there is in circulation, the greater effect it has on the value of that money. Therefore, if they printed millions of notes off, inflation would be very high and prices would rise leading to the collapse of the economy.
It sounds like a good idea, though, but it wouldn't work. Sorry.
2006-11-20 03:17:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A country can print money to pay debt if it has that much in
gold reserve otherwise there would be decrease of its value of
currency and lead to rampart inflation. If it tries to peg their currency to dollars there would be huge monetary problem
like Argentina and bankrupt itself. Now a days, no country can
isolate itself from world economy.
2006-11-20 03:59:17 · answer #2 · answered by Pk D 3 · 0⤊ 0⤋
To stress the above post: The fake check will appear to clear because your bank will typically follow a 3 day courtesy credit rule. This does NOT mean the check has cleared. When the fake check bounces--which could be weeks later, you will be required to repay 100% of the money. You will be hit with NSF fees, your account will be reported to CHEX and when you can't pay, your name will be turned over to the policy for possible charges of money laundering. These scams work because a) you are desperate; b) you are young and dumb; c) the emails try to sound legit. they use the name of real companies, but real companies NEVER hire people to cash checks and forward money by Western Union. You will be told to tell WU that you know these people, foiling WU's attempt to rescue from yourself.
2016-03-29 02:42:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Bongoland owes 1 million US dollars to the US, and currently the exchange rate is 1 bong : $1.
As soon as wind got out that 1 million new bongs were being printed, the exchange rate would plummet against the bong: remember that the money owed is dollars, not bong.
No win!
Weimar Germany tried the same trick to make reparations payments after WW1, but it got rather out of hand!
2006-11-20 03:21:06 · answer #4 · answered by Anonymous · 3⤊ 0⤋
thats what germany tried after WW1 and eventually they needed a wheelbarrow of money to get a loaf of bread. that was cos of the treat of versaille meant they had to pay back all the damages to Britain and the USA for the war. the only reason theyb still arent paying it back is because of WW2 which, although its not nice to say was the best thing ever to happen to Germany. check the history books out on it, it aint actually that borin if u only skim em!
2006-11-20 03:26:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋
money is simply a piece of paper that states the government owes you the amount printed on it.
So they would not be paying anything off at all.
2006-11-20 03:22:27 · answer #6 · answered by billy 5 · 0⤊ 0⤋
No, you cannot do that as inflation will spiral out of control..that is exactly what argentina tried to do a few years ago and almost bankrupted the economy
2006-11-20 03:16:58 · answer #7 · answered by scuba_steve 3 · 0⤊ 0⤋
Yeah right!!! the more money they would print, the less it would be worth - a complete waste of time altogether!!!
2006-11-20 03:17:37 · answer #8 · answered by ticket2ride 2 · 0⤊ 0⤋
no ...you cant promise to 'pay the bearer' if there is nothing solid to pay the bearer with.
our chancellor sold a lot of our gold so we have less than we should.
America owes billions already and is deeply in dept
2006-11-20 03:26:59 · answer #9 · answered by Anonymous · 0⤊ 0⤋
If only
2006-11-20 03:15:55 · answer #10 · answered by Bella 7 · 0⤊ 0⤋