Why can't Governments print UNLIMITED Money? Link of Currency and Gold Explained
Why can't the State Bank of Pakistan just print an extra amount of money and give it to every one of us or even pay their debts?
This will fix everything for everyone, do you think so?
In this video, we will try to understand the difference between wealth and money. Why giving extra cash can make people poor instead of making them rich and how that leads to unimaginable inflation.
In this informative video, We explore the very common question of why governments can't just print unlimited money to pay off their debts or to solve their financial problems with the legal framework that governs money printing in Pakistan, specifically the State Bank Act 1956, Section 24, which grants the State Bank of Pakistan the exclusive sole authority/power to print money/currency based on monetary policies and regulations that shape our financial landscape focusing on Pakistan's economic framework.
We will also try to Uncover the evolution of money, from ancient bartering systems to promissory notes to fiat currency to GOLD standard, and how the IMF and World Bank Debt have influenced and shaped our monetary system.
We also explore Pakistan's debt crisis, with a staggering $130 billion in loans from the IMF and other international lenders, and how this has impacted our economy. We will examine the disastrous & devastating effects of inflation, demand, and supply, using simple examples and how it will affect overall inflation.
You'll learn about the importance of national, foreign, and gold reserves in regulating the money supply and maintaining economic stability. and How does the State Bank of Pakistan's commitment to trust and stability affect people's lives by influencing their spending habits, savings, and investment decisions, and ultimately shaping their financial well-being and the country's economic growth.
You'll understand how printing money without adequate gold reserves can lead to economic instability, inflation or hyperinflation, devaluing currency, and eroding trust in the financial system plus why having sufficient gold reserves is crucial for a country’s economy and how it limits the amount of money that can be printed.
Plus we will discuss those nations like Zimbabwe and Hungary who made a global stunt by printing more money and its consequences leading to hyperinflation, currency devaluation, and economic crisis, ultimately leading to a loss of trust in the financial system and devastating impacts on citizens' livelihoods
Also How & Why the introduction of larger denomination notes, such as Zimbabwe's 100 trillion dollar note and Hungary's 100 million pengő note
became symbols of the crisis along with Zimbabwe's hyperinflation in the 2000s peaked at 69.7 Billion per cent in mid-2008, rendering its currency essentially worthless.
In the end, we will discuss the importance of written words and the significance of the Governor's signature on Pakistan's currency notes and how Text printed on Pakistan's currency notes, serves as a testament to the State Bank of Pakistan's responsibility to maintain the stability and integrity of the financial system, influencing people's trust and confidence in the economy.
The trust people have in Pakistan's currency notes, backed by the State Bank of Pakistan's promise, has a profound impact on their financial decisions, ultimately shaping the country's economic trajectory, and highlighting the interplay between psychology, economy, and the power of words.
Our video concludes with a thought-provoking discussion on the future of money, the role of central banks, and the need for fiscal responsibility.
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By SUBHAN ALI
#money #currency #rupee
#dollar #inflation #inflationinpakistan
#goldstandard #imf #imfloan
#monetarypolicy #moneyevolution
#centralbanks #statebankofpakistan
#currency_note_printing #over_printing
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Chapters
00:00 Intro
01:17 State Bank of Pakistan
01:46 Inflation
03:33 Why government low prices
03:55 Examples of overprinting
05:15 print as per assets
05:25 Evolution of money
06:08 Gold Standard
06:40 Govt. Promise
07:23 Conclusion
➤ Disclaimer ☛ The purpose of this video is to share information. Please note that our aim is not to hurt the feelings of any particular person, sect or religion. These are revelations, stories, anecdotes, mysteries and information for educational purposes only and we hope they will be taken equally. The issuer is not responsible for authenticating the content.
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