INTRODUCTION

booster (68) · 6 years ago

You got a 31.25% upvote from @booster courtesy of @crypto.piotr!

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intellihandling (63) · 6 years ago

Hi @Piotr, are you a polish in Malaysia? Your name it look like that. We are a polish company running by italians, so we do not speak polish, but we are amazed about your article of printing polish money from China, this make me undersatnd of many thing and why here is paradise of chinese. You know how many shit they try to sell around the world, but in Italy for example, if you buy chinese shit and it stop to work before 15 days, you have the right to give it back and choice to get back your money or take another one, but here in Poland, NO! They take your part, even bought just an our ago, to maintenace centre, so if you need this piece of shit, you have to wait even another 15 days to get back it that may be can work for another week and than they take it another time to maitenance service till you decide to through it away, so what you wrote it make me understanding many thing now, thank you!

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7 votes

crypto.piotr (70) · 6 years ago

Thank you for your amazing reply @intellihandling

I've checked your profile and it's kind of hard to see your description. Example:

Perhaps you could think of different background picture. Just a suggestion.

"We are company want to develop industry 4.0 with cryptomoney together"

Would you mind telling me if you guys have any website already? So I could learn more about your services?

Yours
Piotr

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3 votes

intellihandling (63) · 6 years ago

Dear @piotr, thank you for your kindly comment, you can see something more here: https://steemit.com/steemit/@intellihandling/making-an-ico-with-steemit-help-will-be-possible

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crypto.piotr (70) · 6 years ago

I love to see how responsive you are @intellihandling

Your post has been published 6 month ago so Im sure many things have changed in meantime. How is your project doing currently?

Would you mind sending me short email to [email protected]? I would love to be able to keep in touch and support each other on Steemit.
I wish there would be more advanced notification system developed by steemit.

No pressure of course :)
Piotr

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intellihandling (63) · 6 years ago

Hi Piotr, thank you for your kindly answer and i will send soon email to tell you about our project.

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dynamicrypto (71) · 6 years ago

It is also a good idea to post weekly about your project. This keeps your followers growing and happy to see updates and help you raise funds for the future.

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http://www.chicagotribune.com/news/nationworld/chi-italy-china_spolarjan02-story.html

charitybot (63) · 6 years ago

Tangential, but I laughed the first time I read this article. Made in Italy indeed!

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intellihandling (63) · 6 years ago

Dear my friend, i would like to read this article, but this is message i got after try to open the link:

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dynamicrypto (71) · 6 years ago

Europe censors the internet... interesting
maybe you #brexit you also exit their internet?

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intellihandling (63) · 6 years ago

Dear @dynamicrypto, it is sad to see it for me, i was thinking we are continent of freedom!

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crypto.piotr (70) · 6 years ago

hi @dynamicrypto, @intellihandling

I wonder why would europe censor this kind of article?

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intellihandling (63) · 6 years ago

Dear Piotr, so this was the article hided? This article is showing a typical chinese mafia behaviour and of course could be some italian bad man help them to find the place, but when our police discover that, is always trouble to understand who is organization, for us chineses seems all the same and when they are in trouble they do not speak at all and it is very hard to discover organization. But this article is very different from the post concept, here is something illegal, but in Poland chineses business are protected, Piotr am i wrong?

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charitybot (63) · 6 years ago

Sorry for the late reply, but I don't think that it was blocked because of censorship, but rather the article is hosted on an American website that knew it was not in compliance with European privacy laws and GDPR so it seems they geo-blocked it for Europeans. American websites probably serve ads and collect data that would get them in trouble with the GDPR so maybe the article will be available once the website itself changes that.

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akdx (66) · 6 years ago

This is a matter of concern. China is given a contract by many countries to print their currency notes. Can China not flood those countries with fake notes?Definitely, yes.

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6 votes

crypto.piotr (70) · 6 years ago

hi @akdx

Thanks for sharing your view. It seem that we're both on the same page here.

Yours
Piotr

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jk6276 (66) · 6 years ago (edited)

Hi @crypto.piotr. There are obvious risks to national security and currency sovereignty, however a cost benefit may show that the costs of outsourcing currency may be worth the risk. I know that here in Australia, we print currency for many of our Asia-Pacific neighbours. Security is tight, and quality excellent. different situation to the one you outline, many of these countries are poor, and very small, and outsourcing to a bigger, friendly neighbour makes sence.

The world is becoming more and more dependant on Chinese production of everything else, physical currency isn't much different. I am not hugely concerned, Paper currency (or Plastic in Australia's case) probably won't exist in 10 years so it's a short term industry in my opinion anyway, if they can do it cheaper, then why not.

I would like to believe that your government would put appropriate safeguards and security measures in place, and have a backup plan in case something goes wrong... Or is that expecting too much from politicians.

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crypto.piotr (70) · 6 years ago

Thanks for this amazing reply. I totally appreciate your time and effort @jk6276

"outsourcing currency may be worth the risk"

You might be right. Somehow Im still feeling uneasy about this idea. To put that much trust in China? Could costs of manufacturing your own money be really worth it?

At the same time I wouldnt hestitate to trust country as transparent and following law as Australia. I think that's a major difference. Wouldn't you agree?

Thanks again for your comment

Yours
Piotr

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jk6276 (66) · 6 years ago

I agree to a point @crypto.piotr. There are many other commodities that are dominated by Chinese manufacturers. Is there any less risk in outsourcing them than printing of paper currency. Many nations are well down the path of dependence on China (Australia is most definitely one of them).

Is it preferable to bring China into further engagement and trade or to restrict and sideline a very strong, ambitious nation.

Specifically related to paper money, banks and financial institutions can create vastly more money than printing presses, so in this day and age, is the sovereignty risk actually that significant.

As for Australia, it would be completely unsurprising if we sold our currency production assets to a Chinese company anyway. A large amount of our property and businesses have already been sold out.

Posted using Partiko Android

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crypto.piotr (70) · 6 years ago

Thank you again for your reply @jk6276.

Appreciate.

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crypto.piotr (70) · 6 years ago (edited)

hi again @jk6276

Again thx for sharing your view.
I don't have much voting power now (I delegated most of my SP to few bloggers to help them grow) so my upvotes are not worth much. To show my appreciation I'm sending to you 0.5 STEEM. Not much but always something :)

Yours
Piotr

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jk6276 (66) · 6 years ago

I really appreciate the gesture. Your topics @crypto.piotr are always thought provoking and I appreciate that you find value in my contributions.

Have a great day.

Posted using Partiko Android

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crypto.piotr (70) · 6 years ago

appreciate that you find value in my contributions.

I really really do. I've managed to get to know a number of valuable people here on Steemit and learning from you guys is currently my main reason why Im on this platform :)

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ajongcrypto (63) · 6 years ago

Printing money for other countriesn does not seem cool but it will be most important to see how these countries and their various markets react to this.

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davonicera (47) · 6 years ago

Hello @crypto.piotr , I'm not much of an account person but I also know that the minting of currency is done in accordance with world bank agreement and specifications. Therefore, if China is printing currency for Brazil anad Poland, it's has be in accordance with a prescribed economic rule that requires serious guidelines. The world Bank takes these regulations very serious to avoid impending inflation. Cases like Venezuela will be a lesson to everyone. Thanks for the active topic though.

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kabasakal (69) · 6 years ago

for whatever reason, sovereignty should not be shared

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crypto.piotr (70) · 6 years ago

hi @kabasakal

Thanks for sharing your view. It seem that we're both on the same page here.

Yours
Piotr

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focygray (54) · 6 years ago

I am not surprised if China is doing that and I do not think it their fault. I blame those taking such sensitive contracts to them.

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gauravrawat (36) · 6 years ago

always remember, chinese products are not longer lasting.

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rigmelendez3 (38) · 6 years ago

Thanks @crypto.piotr for the support, contact me @rigmelendez3 and leave me your memo about "China printed foreign currencies", I am not an economist but like many people we are interested in this type of news, I personally think that the markets are going towards the world of the cryptocurrencies, that would be a good way out, for many countries to develop their own crypto, so they would not depend on other countries to print their currencies, and the paper money would be reduced. It is my humble opinion on the subject.

I await your opinion regarding my answer. Thank you.

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crypto.piotr (70) · 6 years ago

Hi @rigmelendez3

I've noticed that you resteemed my post. Big THX. Appreciate it.

Thanks for sharing your view. It seem that we're both on the same page here.

Yours
Piotr

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rigmelendez3 (38) · 6 years ago

Thanks, we're right on the same pages.

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mattdhertog (25) · 6 years ago

I believe China is just doing this so they can get more influence and popularity around the world because everyone knows china has a bad government infrastructure. And if china is popular no one will mind do much if they have a bad government.

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crypto.piotr (70) · 6 years ago

hi @mattdhertog

Thank you for your kind comment and for sharing your view with me.

Appreciate it a lot.

Yours
Piotr

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mattdhertog (25) · 6 years ago

No problem

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lezamad (33) · 6 years ago

Me imagino que si los países implementan estas medidas para la producción de su papel moneda, es para la reducción de costos ,por que para todos es bien sabido que si algo es producido en la gran potencia de china , sera mas económico por su alta producción ,ese seria el objetivo de estos países que quieran imprimir su moneda en china pero el contra que le veo es que muchos países por querer ahorrarse dinero cada día mas y mas deciden mandar a hacer todo a los países asiáticos sin darse cuenta que contribuyen al desarrollo de monopolizador el mercado chino dándole gran poder en todo el mundo lo cual es un gran error ya que lo países deberían buscar la autosuficiencia y el desarrollo de sus propias tecnologías para la producción ,claro que al principio seria algo muy costoso invertir en este desarrollo pero a largo plazo genera un bien ,un capital auto suficiente y económico.

No es bueno confiarse en otros países aun así si eso les reduzca costo en el proyecto deseado a realizar por que en cualquier momento no se sabe que pueda pasar y la nación quede indefensa por no tener una propia economía auto suficiente.

Alabado sea Dios#venezuela

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crypto.piotr (70) · 6 years ago

hi @lezamad

Thx for your comment. But Im not sure how many of us can read spanish :(

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lezamad (33) · 6 years ago

I imagine that if the countries implement these measures for the production of their paper currency, it is for the reduction of costs, because for all it is well known that if something is produced in the great power of China, it will be more economical because of its high production , that would be the objective of these countries that want to print their currency in China but the counter that I see is that many countries want to save money every day more and more decide to send everything to Asian countries without realizing that they contribute to the development monopolizing the Chinese market giving it great power around the world which is a big mistake since countries should seek self-sufficiency and the development of their own technologies for production, clear that at first it would be very expensive to invest in this development but in the long term it generates a good, a self sufficient and economic capital.

It is not good to trust other countries even if it reduces the cost in the desired project to be carried out because at any moment you do not know what can happen and the nation is defenseless because it does not have its own self-sufficient economy.

Praise be to God # venezuela

translated by google translator

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crypto.piotr (70) · 6 years ago

Thank you @lezamad for your translation and your great comment.

I really appreciate.

Yours,
Piotr

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goittebc (25) · 6 years ago

Venezuela saldrá de esta desgracia amen

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lugocobis (25) · 6 years ago

De acuerdo con tu opinión... los países deben buscar su autosuficiencia y no otra cosa. Por ahora me queda una interrogante: ¿Estará ocurriendo esto en Venezuela?

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wilhb81 (76) · 6 years ago

Hmm, I think it could be a double edged sword effect, @crypto.piotr There are surely some pros and cons for this action!

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crypto.piotr (70) · 6 years ago

I'm so glad to see your comment @wilhb81 :)

Im trying to find pro's and im simply failing ...

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dedicatedguy (74) · 6 years ago

It is good to see you back crypto.piotr, were you able to solve the problems with the government?

Regarding the particular topic of this post, I obviously don't think this is a good idea.

It seems like a reduction in their sovereignty and it seems absurd.

Is there an official explanation about why is this happening?

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crypto.piotr (70) · 6 years ago

Hi @dedicatedguy

It seems like a reduction in their sovereignty and it seems absurd.

We're clearly on the same page here.

I was trying to find any explanation or any "pros" of this solution and I failed so far.

Yours
Piotr

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yuriy4 (60) · 6 years ago

Good afternoon. I liked your publication. Thank you

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crypto.piotr (70) · 6 years ago

Thank you for stopping by @yuriy4 :)

Yours,
Piotr

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iridion9 (37) · 6 years ago

First of all nice article.
I have a strong feeling USA will get furious.
ha ha ha

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lapb (49) · 6 years ago

This is of a great threat to the countries involve. How can another country print your currency. What if the country decide to be a smart one on them by exposing they hidden treasure. Men make i gum my onu abeg.

Posted using Partiko Android

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crypto.piotr (70) · 6 years ago

thank you for your kind comment @lapb

Just checked your profile just to realize that we seem to share a number of interests :)

In particular that we both share a similar passion towards cryptocurrencies and blockchain technology :)

I will follow you closely.

Cheers
Piotr

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unclefz (9) · 6 years ago

For what ever deliberate wrong in any country, you blame the government, for whatever bad government in a country, you blame the electorate.
If you cannot return a bad commodity to a foreign company in a country or even indigenous company, those in public offices are proffiting from every sales and when there are alot of returns, there would be less profits for the company and those corrupt public office holders.
So, in the coming election even if its four years time, that time might be the time to right most of the wrongs

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crypto.piotr (70) · 6 years ago

hi @unclefz

Thank you for your amazing comment.

Yours
Piotr

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davidke20 (74) · 6 years ago

The entire Fiat regime can be easily manipulate regardless. Other than the dotted line and base coating on paper money, it has absolutely no protection and can easily be fabricated. Take Venezuela as example, the processes of printing money are more expensive than the money itself! Hence, crypto is the only way to go.

Posted using Partiko Android

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crypto.piotr (70) · 6 years ago

Thank you for your comment @davidke20 and sorry for such a late reply.

This HF20 implemented lately is killing me. I delegated almost all my Steem power and now I can hardly post anything :/

Venezuela is indeed great example

Cheers
Piotr

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sarez (64) · 6 years ago (edited)

The question you raise implies a threat to countries from China. This would be correct even if Chinese were not printing currency notes- legally by contract or otherwise.
Second point- What do you think a country like Malaysia or India can do?
China's economy and military might has grown to outstrip all- even the USA.
But all's not doom and gloom. Money itself is evolving. So in the near future we may see solutions to this problem which have not been thought of. And Of course! Any independent nation would wish for maximum sovereignty over their economy and therefore contribute to finding solutions. I don't know how this will pan out but a good guess is that Cryptocurrency will have a big role to play.

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crypto.piotr (70) · 6 years ago

Thank you for such an amazing comment @sarez and for sharing your view with me.

What do you think a country like Malaysia or India can do?

They may simply not sign a contract the way they did. I think....

Yours
Piotr

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sarez (64) · 6 years ago

Sorry for not responding till now, I read your previous comment also. NO RCs. Well Govts function like slow arthritic elephants. May be in a year or 2 they will decide they need to oppose current policy.

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oivas (66) · 6 years ago

The practice of printing notes by a different country was not uncommon earlier, especially in developing countries. The assumption was that a developed economy with better printing technology was well placed to print notes which cannot be easily copied. That assumption still holds good but when it comes to China, the equation changes a bit.

At the moment they are into a lot of unnecessary muscle flexing and in such a circumstance to trust them becomes a bit of an issue. It is difficult to predict those guys. So, yeah, a problem for sure. What is a bother is that India and Malaysia too have trusted China with the job! Counterfeit comes to India through Pakistan and Nepal border and now with China printing, we may have legitimate counterfeit coming in... How's that for an irony! :)

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crypto.piotr (70) · 6 years ago

Thanks for this amazing reply. I totally appreciate your time and effort @oivas

The practice of printing notes by a different country was not uncommon earlier,

I seriously didn't know that.

when it comes to China, the equation changes a bit.

You're completly right mentioning that trusting them in current stage is a bit of an issue. At least that's how I see it.

Again thx for sharing your view.

ps. to show my appreciation I've transferred you 0.5 steem just now. It's not much. But always something :) (my voting power is to small to really give you solid upvote)

Yours
Piotr

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freddysolano (35) · 6 years ago

very good topic for discussion, apologize if I leave the subject a bit. nowadays it is a question of the fact that most of the countries in which money can not be maintained are only based on an internal GDP accounting that has false sustainability (one of them being the United States which has no real support to maintain its currency afloat), the printing of currency can be given by countries to other countries or by a country to indundate with worthless bills and that can create an inflation, there are also currencies like the dollar that is maintained by the traffic of all types of materials because this currency is used worldwide for that reason does not fall into a tailspin, there are also currencies that are maintained by money laundering and falsification of them (here could name Colombia whitening pesos and dollars for the financing of drug trafficking and the falsification of dollars for the flooding of a market) could last a whole day talking about this interesting topic but it would end up being annoying for others

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crypto.piotr (70) · 6 years ago

hi @freddysolano

Thank you for your kind comment and for sharing your view with me.

Great explanation. Make sense. Somehow Im still feeling uneasy about idea of China printing other countries currencies. It does encourage coruption. Which is a huge problem in China already.

Appreciate it a lot.

Yours
Piotr

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cicbar (67) · 6 years ago

Hi @crypto.piotr,
I understand your concerns but I don't believe that there is any other reason beside cheaper printing. Your country is losing some jobs because of that but not too much, USA has around 2000 people in printing industry so Poland has probably less. I don't see how China can benefit out of this printing beside jobs that they get and also knowing how much money Poland is printing. Poland could also have some printing money by themselves or some other printing contracts so data that China has means nothing. Point is that all countries are printing money so invest in BTC to preserve money valuation...

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crypto.piotr (70) · 6 years ago

hi @cicbar

I understand your concerns but I don't believe that there is any other reason beside cheaper printing

I agree, that reason is definetly noble and sensible. Somehow Im still feeling uneasy about idea of China printing other countries currencies. It does encourage coruption. Which is a huge problem in China already.

Point is that all countries are printing money so invest in BTC to preserve money valuation...

I've lost you here.

ps. Since my voting power is quite low and upvoting your comment wouldnt benefit you much, I decided to transfer 0,5 steem to you as a token of appreciation.

Cheers,
Piotr

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cicbar (67) · 6 years ago

My point about investing BTC was that it really doesn't matter where countries printing money. Wherever they print that is very bad and it is devaluing currency so your wealth is becoming lower without doing anything. Since USA left gold standard, all countries start printing money like crazy and FIAT currencies are losing value very quickly. GOLD and BTC are only tools that can help you to protect your wealth in my opinion.

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msooi (69) · 6 years ago

A number of countries have outsourced the printing of their currency to China because of lower costs, etc. Of course there are security concerns. It would be in the interests of these countries to ensure due diligence is exercised. If China could not be trusted, then the best and only solution is that to stop immediately.

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crypto.piotr (70) · 6 years ago

hi @msooi

Thank you for your kind comment. I couldn't reply earlier because of HF20. Just wanted to let you know that I had a chance to read your feedback and that I appreciate that you shared your opinion with me.

Yours
Piotr

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alokkumar121 (76) · 6 years ago

Printing another country's currency is an obvious threat country should take the precaution measure. If it happens then country will loose control over their own currency and which might have negative impact on their economy and loosing control over own economy is surely a matter of worry.

Posted using Partiko Android

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crypto.piotr (70) · 6 years ago

hi @alokkumar121

Yours
Piotr

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alokkumar121 (76) · 6 years ago

Thanks much for appreciation buddy. I understand that due to HF20 we were stopped to do anything.

Posted using Partiko Android

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lilkeszi (57) · 6 years ago

I sincerely disagree. Why must China print other countries currency, that's a room for corruption I must say.
Here in Nigeria, we print ours and by so doing we have full potential and control over the use of our money.
Sorry to say, what if China stops printing Poland's money for a while due to any challenges or disagreement, what will become of Poland or the other countries involved.

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crypto.piotr (70) · 6 years ago

hi @lilkeszi

Yours
Piotr

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lilkeszi (57) · 6 years ago

It's my pleasure to hear from you ☺, this Hf of a thing is really not okey sha. I'll love to speak to you in person, I'm planning to run some things here on steemit. Could you do me a favour?, drop me a link or so in which I can contact you please

Posted using Partiko Android

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ecoinstant (68) · 6 years ago

This is very interesting question! I do think I have some insight, but many of your concerns will probably remain when I am finished!

The benefits are basically economic. The nation state system as it is currently set up, requires enormous sums of expenditures to put on the 'trappings of state' that come with being a recognized country. Things like having embassies in other countries and staffing them can cost millions of dollars - per other country!

In this case, printing currency is not something you can do with an inkjet printer. The realities of currency in a modern age is that it requires extremely expensive infrastructure to integrate ever changing standards of security into the bills. (decentralized currencies anyone?)

China is engaging in a tactic that is very common in other industries, something called economies of scale. They have invested in the best infrastructure around, as well as maintenance and perhaps R&D, and now they want to max their capacity to maximize the investment. They do this by filling orders from other countries.

A country like Poland or Malaysia might be able to get state of the art counterfeit protected bills for a fraction of the cost, forgoing huge infrastructure, training, labor and maintenance costs that come with local production.

I hope this helps a little bit. And I understand if you still have the same concerns as you did when we started! Likely a contract has been signed and if there is evidence of additional printing or other manipulation, a country like Poland would put a claim on China before the ICJ.

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crypto.piotr (70) · 6 years ago

Thanks for this amazing reply. I totally appreciate your time and effort @ecoinstant

Things like having embassies in other countries and staffing them can cost millions of dollars - per other country!

I was always wondering if embassies actually cost that much. I've been travelling around the world for some time and I visited number of embassies and they all seem to be collecting huge amount of money from civilians. Everything cost. A lot.

China is engaging in a tactic that is very common in other industries, something called economies of scale. They have invested in the best infrastructure around, as well as maintenance and perhaps R&D, and now they want to max their capacity to maximize the investment. They do this by filling orders from other countries.

Great explanation. Make sense. Somehow Im still feeling uneasy about idea of China printing other countries currencies. It does encourage coruption. Which is a huge problem in China already.

Yours
Piotr

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postpromoter (63) · 6 years ago

You got a 9.26% upvote from @postpromoter courtesy of @crypto.piotr!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

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keket (42) · 6 years ago

Hello @crypto.piotr In a way I thank you for reaching out. I am not aware of this until now. China's 'plan for a better world' (Belt and Road, putting up Military bases inside Philippine Territory, to name a few) is made right and looked right. They justify it with reasons leading to more questions and thus one is left with nothing but to agree, take no side or to question again.

Well, anyway I found this very appalling, them printing money for other countries. But isn't this in a way inevitable? I mean, almost all products are made in China nowadays. It's only a matter of time that they printing other countries money. I wonder what is next!! :(

Plus Check out this link if it helps.
https://www.scmp.com/news/china/society/article/2158782/why-other-countries-are-giving-china-licence-print-money

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crypto.piotr (70) · 6 years ago

hi @keket

Im glad that you visited my post and shared your knowledge with us. Appreciate it.

They justify it with reasons leading to more questions and thus one is left with nothing but to agree, take no side or to question again.

Very true.

I mean, almost all products are made in China nowadays.

I live in south-east asia for many years and it seem that most cheap production is moving out from china already. Mostly to Vietnam. China is simply becoming to expensive.

Thank you for that link.

ps. Since my voting power is quite low and upvoting your comment wouldnt benefit you much, I decided to transfer 0,5 steem to you as a token of appreciation.

Yours
Piotr

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keket (42) · 6 years ago

Honestly it was interesting for me since China has been bullying the Philippines for many years now. It got me wondering what else are they up to nowadays. Mmmm. I see they've been busy!

I do hope someone will do something about this and so that it will not spread.

China is indeed a "Sleeping Giant" waking up...

I thank you for the transfers. You made them twice I hope it was not a mistake. Do tell.

Posted using Partiko Android

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crypto.piotr (70) · 6 years ago

I didnt know that china has been bullying the Philippines.

Could you please tell me more about it @keket?

I thank you for the transfers. You made them twice I hope it was not a mistake. Do tell.

I guess accidently I wanted to show my appreciation to you twice :)

Yours
Piotr

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princeuk12 (41) · 6 years ago (edited)

Thanks to support me @princeuk12 and do follow you

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exator (57) · 6 years ago (edited)

Well @crypto.piotr, printing money costs at least 7 cents (for the new euro banknote) i bet china can do it for a fraction. Running their slavery business is not sustainable at zero interest rates so they need to find a way to cut costs.

Funny how all the newspapers are trying to convince us that fiat money is the only real and save money. It's becoming more and more a sad joke.
Hope the common people start realizing this soon.

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crypto.piotr (70) · 6 years ago

hi @exator

Im sorry for such a late reply.

Most of all: thank you for your kind comment.

I couldn't reply earlier because of HF20. Just wanted to let you know that I had a chance to read your feedback and that I appreciate that you shared your opinion with me.

Yours
Piotr

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freecrypto (69) · 6 years ago

Hii @crypto.piotr , I hope you are doing great. Well I rarely speaks on something related to politics but I think it's something important topic to speak on and I have a reason too.

So, printing currencies is becoming very costly day by day and many countries can't afford it. But the Chinese government are printing it in a very reasonable price so most of the country's take help from the China. Although China is a very reputed country so it's nothing to worry about. But if something happened then our own country's government will responsible for it.

It's nothing to worry about:)

Have a great day and wonderful night 😊😊

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crypto.piotr (70) · 6 years ago

Wow. How do you know all that stuff @freecrypto. In your age to have that knowledge - amazing.

Cheers
Piotr

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freecrypto (69) · 6 years ago

Thanks for the compliment, just trying to upgrade myself daily:)

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crypto.piotr (70) · 6 years ago

hi @freecrypto

I don't have much voting power now (I delegated most of my SP to few bloggers to help them grow) so my upvotes are not worth much. To show my appreciation I'm sending to you 0,5 STEEM. Not much but always something :)

Cheers,
Piotr

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freecrypto (69) · 6 years ago

Hii @crypto.piotr

I'm glad to hear that there are still some people left on steemit, who's trying to help the community :)
I know 0.5 is not much but it's enough for my 5 lines comment 😊😊.

I'm waiting for your next tasks or project, please bring it soon :)

Have a great day and wonderful night 😊😊

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bumshak (55) · 6 years ago

Great to have you back my friend. I have been absent also the past month, but keep coming back and reading silently all the posts. I actually didnt know about it that china is printing money, which is not their own country. Quite surprising. I agree with your opinion, that this could lead to high inflation rates as well as destabilization. Definetely a thing to keep an eye on...

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crypto.piotr (70) · 6 years ago

hi @bumshak

It's great to be back :) What keep you busy lately? work?

Yours
Piotr

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bumshak (55) · 6 years ago

Yeah, I couldn't do anything also shortly after HF20. Also lost all my voting power, which needed to be regenerated for almost 5 days now. Work currently keeps me busy. New job is quite fun and I got super nice collegues, but still when going back home from work I'm super tired and don't want to do anything except for taking a shower and then going to bed. I hope that I will find some time on the weekends to be active on Steem.

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oclinton (49) · 6 years ago

Thanks, @crypto.piotr. My friend.
It has been long
Nice post

It seem nepal has been printing money from another before granting it to china the contract in 2015 and even Nepal excecutive director of Rastra Bank said;
“Bhuban Kadel, executive director of Nepal Rastra Bank, said the printing cost in China was lower, telling Chinese media outlet Xinhua: “The quality is as good as the ones printed earlier in another country but the cost is less than half of the amount we had earlier paid.He said printing notes in China saved the Nepalese central bank $5.17 million."
Today, notes from Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil, and Poland are also being produced for foreign clients.
https://www.google.com.ng/url?sa=t&source=web&rct=j&url=https://amp.news.com.au/finance/economy/world-economy/china-is-printing-foreign-currencies-on-a-massive-scale-according-to-a-new-report/news-story/7d0a98d20f74698e0ac678d50cf7bcb1&ved=2ahUKEwjC9J_l4NDdAhWlDsAKHQrrDkIQFjABegQICBAB&usg=AOvVaw08J7hRCAzTFXbAQU8jcQs8&ampcf=1

I think the consequences is that the host country will be dominated by china and also overdependent.
I also read in another place that it also link to the Belt and Road Initiative plan.

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crypto.piotr (70) · 6 years ago

Thanks for this amazing reply. I totally appreciate your time and effort @oclinton

Great explanation. Make sense. Somehow Im still feeling uneasy about idea of China printing other countries currencies. It does encourage coruption. Which is a huge problem in China already.

Again thx for sharing your view and adding those links. Will check them out soon :)

Yours
Piotr

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oclinton (49) · 6 years ago

Thanks my friend.

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amandapardo (25) · 6 years ago

No creo que ningún país se comprometería a dejar a otro estado la producción de su dinero nacional sino hubiera suficientes garantías internacionales y supranacionales.

No obstante sin todas estas variables plantadas y mantenidas en el tiempo, los que manejan el mundo no tendrían manera de crear crisis que satisfaga sus planes.

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botefarm (67) · 6 years ago

There is a lot wrong with this notion of a country giving there own financial power to another country.
But i want you to understand something, which is, this things didn't just start now, it starts with small contract signed, and gradually the power of the less nation starts getting lesser while the big man(China) wield more hands, till it gets to the point where you have no power anymore.

Secondly, this is majorly caused by Hihh rate of corruption in a country, leaving the government to have no choice but to give such a right to another country to eliminate political money laundering.

And yes, china is safe to a point in printing money.

_{This comment was made from https://ulogs.org}

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crypto.piotr (70) · 6 years ago

hi @botefarm

Im sorry for such a late reply.

Most of all: thank you for your kind comment.

I couldn't reply earlier because of HF20. Just wanted to let you know that I had a chance to read your feedback and that I appreciate that you shared your opinion with me.

Yours
Piotr

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fredkese (69) · 6 years ago

China always has an end game and I don’t trust them. Just hope they don’t takeover the economies.

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crypto.piotr (70) · 6 years ago

hi @fredkese

I've noticed that we seem to share a number of interests :) In particular that we both share a similar passion towards cryptocurrencies and blockchain technology :)

I will follow you closely.

Yours
Piotr

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khussan (54) · 6 years ago (edited)

owen wilson voice "wow just wow" i think it is clearly a security risk and financial risk if china prints too much of a countries currency and just start curculating it that currencies value will decrease dramatically impacting millions of lives and companies and i think my countries currency is also printed somewhere else

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crypto.piotr (70) · 6 years ago

hi @khussan

Im sorry for such a late reply.

Most of all: thank you for your kind comment and for resteeming my post.

I couldn't reply earlier because of HF20. Just wanted to let you know that I had a chance to read your feedback and that I appreciate that you shared your opinion with me.

Yours
Piotr

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khussan (54) · 6 years ago

yeah hf20 made it really hard for a lot of people

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benfreed (41) · 6 years ago

All currency not backed up by gold,silver or something of tangible value is worthless in whatever country you live in!!!

Here in America our money is a joke
We should all print our own personal money. Has the same value

When I was a young man
I could go to any back and exchange a 20 dollar bill for 20 dollars worth of gold

Today's banks don't know what gold looks like.

I think it's mostly just numbers on a screen
And the fake bills and coinage don't matter as much in today's world

No matter who prints them!!

Posted using Partiko Android

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crypto.piotr (70) · 6 years ago

hi @benfreed

Thank you for your kind comment and for sharing your view with me.

Appreciate it a lot.

Yours
Piotr

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andy94 (25) · 6 years ago

outsourcing like this makes it likely those countries will see incremental inflation, a great reason to buy cryptocurrency instead of fiat. it's funny to see china taking America by the balls like this however, it is as mentioned in the business insider article you link a sort of symbolic blow to US sovereignty. global superpowers are shifting, an exciting time to witness

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crypto.piotr (70) · 6 years ago

hi @andy94

Yours
Piotr

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cmplxty (62) · 6 years ago (edited)

It may be a threat in some aspects but in others I see this as just another job outsourced to China. Do you know if the governments of these countries gave China the authority to do this or are they doing this on their own? I am assuming the governments gave them the authority to do so.
There are certainly some troubles associated with this outsourcing. If you allow one country to produce another countries currency you enter a whole can of worms in my opinion. The situation I foresee is a country like Poland disagrees with something China does or produces and makes it known that they want to stop their relation with them. China then says no, you will buy this product or retract your statement or we will crash your currency. They could easily do this by just far overproducing the currency and selling it everywhere to cause drastic inflation. It is a scary situation to be in for sure.

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crypto.piotr (70) · 6 years ago

Good morning @cmplxty

It may be a threat in some aspects but in others I see this as just another job outsourced to China

This is indeed job outsourced to China. The question is: how to ensure that this job will not fire back at any of those countries. Somehow Im still feeling uneasy about idea of China printing other countries currencies. It does encourage coruption. Which is a huge problem in China already.

Not to mention that China likes to bully and control other countries (pretending to be trying to help them).

I am assuming the governments gave them the authority to do so

That's also my assumption. But to tell you the truth ... I dont know :)

ps. I don't have much voting power now (I delegated most of my SP to few bloggers to help them grow) so my upvotes are not worth much. To show my appreciation I'm sending to you 0,5 STEEM. Not much but always something :)

Yours, Piotr

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teenagecrypto (59) · 6 years ago

Hey how’s it going it’s @tornadoman and i just wanted to say my account is slowly growing

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crypto.piotr (70) · 6 years ago

hi @teenagecrypto

thanks for stopping by :)

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douglas1973 (41) · 6 years ago

es preocupante leer este tipo de noticias la cual puede en poco tiempo desestabilizar la economía de un País. los gobernantes deben cuidar este tipo de contratos con otros países. la elaboración de monedas sin respaldo alguno aumentaría la inflación y el caos económico. y en Venezuela tenemos mucha experiencia en esto, ya que estamos viviendo la peor crisis en mucho tiempo.

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ogt (46) · 6 years ago

Its funny anyway, but this will lead to influencing of the economy of these countries by the Chinese government and may lead to flooding the markets of this countries buy the china products leading to total dependence and may lead to... Hmmm 😕 to me its not really cool.

But on the other hand it may lead to better and flexible trade

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crypto.piotr (70) · 6 years ago

hi @ogt

Im sorry for such a late reply.

Most of all: thank you for your kind comment.

I couldn't reply earlier because of HF20. Just wanted to let you know that I had a chance to read your feedback and that I appreciate that you shared your opinion with me.

Yours
Piotr

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wilmerprroxd (25) · 6 years ago

oohh interesante

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eccles (50) · 6 years ago (edited)

It's very probable that China would have offered more than just cheap printing costs as incentives to get such contracts -- big credit, no doubt.
I'd be more concerned with that aspect than the potential opportunity for "bad actors" within China to exploit printing presses for reasons like serialization control from the Polish side and China's stranglehold on all aspects national security -- counterfeiting would fall under straight up criminal activity rather than corruption. When such contracts are awarded it's reasonable to worry about corruption, but mostly on the Polish side.

That said I'm surprised by the fact that India was willing to go there -- they have a very real and somewhat tense territorial dispute with China.

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crypto.piotr (70) · 6 years ago

Good morning @eccles

Thanks for sharing your view. It seem that we're both on the same page here.

When such contracts are awarded it's reasonable to worry about corruption, but mostly on the Polish side.

Yeah. you nailed it! :)

Again thx for sharing your view.

Yours
Piotr

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me-atif (58) · 6 years ago

It is really an interesting question. At first china began its market reforms in the late 1970s, it has lifted more than 800 million people out of poverty, slashing the rate from nearly 90% in 1981 to under 2%, as measured by the World Bank’s . Now they have such strategic plans which benefits them and others. I heard that china has produced so much electricity in their country that they are now providing free electricity to their business men (at a very low cost). China has many more projects like a CPEC .Even big companies manufacture & produce their phones in china. So it is better to keep crypto currency 👍👍👍

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crypto.piotr (70) · 6 years ago

hi @me-atif

Thank you for your kind comment and for sharing your view with me.

Appreciate it a lot.

Yours
Piotr

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ohmygoodness (64) · 6 years ago

Well, there are always two sides of a coin. The advantage would be a more cost efficient way of producing that money. The disadvantage would be certainly a lack of control. Could you be certain that there is not printed more than agreed? If there would be a breech of contract, what could a country do against it, which measurements could be taken and I consider that question as a huge potential problem. A country should always always always be in control of the printing of its own currency. I think everything else could undermine the trust of the population in its own government and that could destabilize a country, apart from the possibility of not knowing how much of a currency is printed.

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crypto.piotr (70) · 6 years ago

hi @ohmygoodness

Thanks for sharing your view. It seem that we're both on the same page here.

Appreciate it a lot.

Well, there are always two sides of a coin.

Indeed. Im just not seeing that bright side of this coin. Saving some money vs taking such a huge risk may be just not worth it.

ps. to show my appreciation for your valuable comment I've transferred you 0.5 steem just now. It's not much. But always something :) (my voting power is to small to really give you solid upvote)

Yours
Piotr

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ohmygoodness (64) · 6 years ago

Thank you Piotr :) Highly appreciated!

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conceptskip (56) · 6 years ago

Hi Piotr, good to see you posting again. This was entirely new for me, and i can understand you concern. On the other hand i would assume, there should be sufficient checks in place. And maybe the threat is less severe, considering that nowadays cash makes only a small fraction of overall money supply, so not sure if cash yould make an impact on the national level.

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crypto.piotr (70) · 6 years ago

hi @conceptskip

It's great to be back too.

Im sorry for such a late reply.

Most of all: thank you for your kind comment.

I couldn't reply earlier because of HF20. Just wanted to let you know that I had a chance to read your feedback and that I appreciate that you shared your opinion with me.

Yours
Piotr

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karamyog (72) · 6 years ago

Interesting article @crypto.piotr! I was under the impression that Indian currency was printed by this french firm, i cant recollect the name. However, its bizarre that any country would allow any firm in china to print any currency. I will try and read up on this more. However, given lack of information from china, lack of any governance, this could have such massive implications. I am perplexed, how can this happen?!

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crypto.piotr (70) · 6 years ago

Great to hear from you @karamyog.

Yours
Piotr

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abduloniz (47) · 6 years ago (edited)

We living in this earth, there is allows an advantage and disadvantage to every thing that happens in the world wide. So @crypto, If china is printing money for your country and other countries . I will say, it is a way of gaining effective public relation and also making awareness to the public. It could sound as threat because as i have said earlier there is demerit and merit in everything that goes on. if your country is one of them, then your country have to check the steps and limit there have to certain thing which could cause harm to the citizens of your country.
my regards @abduloniz

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crypto.piotr (70) · 6 years ago

Great to hear from you again @abduloniz

Im sorry for such a late reply.

Most of all: thank you for your kind comment.

I couldn't reply earlier because of HF20. Just wanted to let you know that I had a chance to read your feedback and that I appreciate that you shared your opinion with me.

Yours
Piotr

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highmess (45) · 6 years ago

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nadjette (58) · 6 years ago

I think it poses a threat to the country concerned, How can I trust another country to print my motto? It's dangerous for my economy.

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henroo84 (40) · 6 years ago

These countries that handed over their rights to print their own currencies to China, have indirectly handed over their values or worths of their respective countries to China. Though, the Chinese Government might paint the picture of lower cost of production of these notes as a major benefit of this act, but in the real sense, these countries are being dominated by the Chinese whether they are aware of it or not. So, if a country claims to be independent, they should prove that in all ramification. Nice post!

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crypto.piotr (70) · 6 years ago

hi @henroo84

Yours
Piotr

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achim03 (63) · 6 years ago

Hi @crypto.piotr,
Nice to read from you again man! It's a very interesting topic that you brought up.

For a country printing its money has become quite an expensive enterprise. Not only for the country but also for the banks and shops. In countries like Sweden it is almost impossible to pay with banknotes nowadays. Other countries will follow. So to print ones banknotes is equally expensive and some countries are ready to let their banknotes being printed in places like China where the costs are just much lower. There aren't many companies that are able to produce banknotes that cannot be counterfeight. So even if the banknotes are printed in China I truely believe that the countries that did that took all the necessary steps to insure that there are safe from coercition. Probably they bought a big stock which is then stoked within the bounderies of the country.

The printing is only one part of the problem. Even if a country prints its banknotes within its bounderies it might still need to import the paper or the ink...

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crypto.piotr (70) · 6 years ago

hi @achim03

It's nice to read from you too man! :)

I've noticed that you were not very active lately here on stemiit. Hope you're alright?

Great explanation. Make sense. Somehow Im still feeling uneasy about idea of China printing other countries currencies. It does encourage coruption. Which is a huge problem in China already.

Yours
Piotr

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achim03 (63) · 6 years ago

Hi crypto.piotr,
Thanks a lot for your answer and the very generous gift! I still believe in steemit and I invested some satoshis and powered up a bit. At the moment however I just don't find the time and the ideas to write new posts. I'm sure however to be back soon ;-).
Best regards,
Achim

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gduran (69) · 6 years ago

Actually I'm pretty sure a British company Thomas de la Rue prints a lot of the banknotes in circulation in a lot of countries, shouldn't we be worried about the UK having that kind of influence? I'm from Honduras I'm pretty sure our banknotes were made by Thomas de la Rue, I'm not sure if they still are.

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crypto.piotr (70) · 6 years ago

hi @gduran

Thank you for your kind comment.

The thing is that UK and China have very different value. Being transparent and fair in business/politics is definetly BIG no in China.

ps. Ive never met anyone from Honduras. I've watched number of documentaries lately about your country and some of them were breaking my heart.

All the best to you @gduran
Yours
Piotr

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gasaeightyfive (58) · 6 years ago

_{( You get this comment only about once every 3 resteems - if bothered reply OFF )}

Your post got resteemed and upvoted. Thanks for being a subscriber of my service! ...

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mostaza (32) · 6 years ago

I think more than anything, that if the countries that are already named are in debt to China and are destabilizing them indirectly, the indebted countries will have to pay the debts in some way, the Chinese, I think, are about to become a superpower ( I think I read an article that would happen in 2025), they will take advantage of as much land as they can, in Africa, for example, and they will hire and create jobs taking everything they can.

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crypto.piotr (70) · 6 years ago

hi @mostaza

Yours
Piotr

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sames (65) · 6 years ago

The answer is to buy Gold and Bitcoin/Crpyto :P

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crypto.piotr (70) · 6 years ago

hi @sames

Well, your answer didn't satisfy my curiosity :)

Cheers
Piotr

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resuscitate (59) · 6 years ago

The minting of a country's currency is supposed to be the job of the country's central bank. I wonder why some countries take their currencies to outside countries to print for them. Is it that they can't acquire the minting equipments or they don't have the skilled professionals to operate the machines once bought. It's very risky to take the minting of one's currency outside but most countries do it and i don't understand the motive behind such action.

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crypto.piotr (70) · 6 years ago

hi @resuscitate

Im sorry for such a late reply.

Most of all: thank you for your kind comment.

I couldn't reply earlier because of HF20. Just wanted to let you know that I had a chance to read your feedback and that I appreciate that you shared your opinion with me.

The minting of a country's currency is supposed to be the job of the country's central bank

It seem that we're on the same page here.

Yours
Piotr

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umairx97 (36) · 6 years ago

If I china is printing currencies for multiple countries that means he's getting ready to take over the global trade and become the superpower in the process. China is doing this according to the Belt and Road initiative BRI. To gain more power and get a better stronghold at smaller and underdeveloped countries like nepal, Bangladesh etc

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crypto.piotr (70) · 6 years ago

hi @umairx97

Thank you for your comment. And sorry for such a late reply.

Just checked your profile just to realize that we seem to share a number of interests :)

In particular that we both share a similar passion towards cryptocurrencies and blockchain technology :)

I will follow you closely.

Cheers
Piotr

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textreme (44) · 6 years ago

I find it worrisome that this happens, since after this fraud or problems with the production of money can occur

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crypto.piotr (70) · 6 years ago

thank you for your comment @textreme and BIG THX for resteeming my post.

I appreciate it a lot.

Yours
Piotr

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ejgarcia (52) · 6 years ago

Well, it's definitely concerning at multiple scales... I can see many other solid comments above so it's definitely hard to add more value to what's been said but let me try to do so.
I suppose from an economical viewpoint it's possible to save some cash by making china print the physical notes but even if there is safeguards and many measures to protect the contract and assure it doesn't get violated the risk is immeasurable.
I would understand really small nations like the ones mentioned in a comment above: neighboring countries who possess some degree of trust, but China? Western and asian cultures are too different, the dangers are too great in my humble opinion.
However they're only printing the notes which is only a fraction of the true capital reserve held by the country in digital format so the damage is limited to some extent. The real danger lies in the chinese printing above their contracts and flooding the market...
Also, the cost of transportation of these notes + the safeguards to minimize dangers are feasible?

As you might remember I'm both an enthusiast and an hater of decentralized currencies but I'm all 100% convinced that money should stop being printed and all transactions be done through digital devices, peer to peer transactions through phones isn't impossible and there are many other options as well...
I think it's dangerous but I also think they might be doing it for some short term solution while planning ahead, or at least I'd like to believe so, Poland is a beautiful country and it would be a shame to see it end like Venezuela or my own country.

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crypto.piotr (70) · 6 years ago

Thanks for this amazing reply. I totally appreciate your time and effort @ejgarcia

Great explanation. Make sense. Somehow Im still feeling uneasy about idea of China printing other countries currencies. It does encourage coruption. Which is a huge problem in China already.

I suppose from an economical viewpoint it's possible to save some cash by making china print the physical notes but even if there is safeguards and many measures to protect the contract and assure it doesn't get violated the risk is immeasurable.

I also believe that process of ensuring that those printed money are following "standard" (are always real) must be expensive on both sides.

Western and asian cultures are too different, the dangers are too great in my humble opinion.

You nailed it. I think people blidnly believe that China has similar values to our western society. Which is far from truth.

Poland is a beautiful country and it would be a shame to see it end like Venezuela or my own country

Indeed it is sadening to see what's happening in Venezuela and Cuba :(

Yours
Piotr

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ejgarcia (52) · 6 years ago

Thanks, it's always something, though I wasn't expecting anything, just wanted to share an opinion :D
Feel proud of supporting others, it all comes back to you in the end (or at least I'd like to think so)

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maggy7419 (51) · 6 years ago

Hola @crypto.piotr ,me parece muy polémico tu tema desarrollado en tus post,me alegra que estés de nuevo en la plataforma ,saludos

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yaleal (53) · 6 years ago

China has an industrial organization whose economies scale allow offer other countries, lower costs to print currenncies. If in some countries is more expensive print in your territory in other countries, is logical do it well.

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crypto.piotr (70) · 6 years ago

Good morning @yaleal

Yours
Piotr

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wilmerguedez (47) · 6 years ago

Very interesting the post, China is every day more in the world economy, in my country Venezuela for years has relations with China, and although they do not print our money, if we know what is more what they bring than what they contribute to my country. Regards

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crypto.piotr (70) · 6 years ago

hi @wilmerguedez

Im sorry for such a late reply.

Most of all: thank you for your kind comment.

I couldn't reply earlier because of HF20. Just wanted to let you know that I had a chance to read your feedback and that I appreciate that you shared your opinion with me.

Yours
Piotr

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goittebc (25) · 6 years ago

Hello @crypto.piotr good greeting but nothing else is not those countries as is your country and Brazil, also where I live that is venezuela is also Chinese interference, at this time lent to the dictatorship of President Nicolas Maduro 5000k $, To continue repressing the people who are dying of hunger, we will salute all this misfortune.

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crypto.piotr (70) · 6 years ago (edited)

hi @goittebc

President Nicolas Maduro 5000k $, To continue repressing the people who are dying of hunger, we will salute all this misfortune.

Yeah, I had similar impression. That all this financial support will be used to pay army to support his as long as possible and continue his wrong-doing

Yours
Piotr

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flash07 (63) · 6 years ago

"China is printing money for countries like Poland and Brazil at ‘full steam’ as it tries to expand its influence on the global economy"

Seriously ? How any country allow other country to print their currency ?

Poland and Brazil are not the only countries affected by China, as they are also printing India, Nepal, Sri Lanka, Bangladesh and Malaysian currencies.

I didn't know that china prints India's currency. I really should look in to economics more. This is very serious news, china shows so many times that they not support India in so many things. Even they try to capture lands illegally which belongs to India. I know it may not seems the connection with printing. But I am shocked that how government gave them contract to print the currencies. This may affect in many ways.

It's clear that the Chinese goverment's capabilities of printing many foreign currencies is possible and this raises several important questions and it create disturbing national security implications.

True my friend.

This is the right example that how much power they have with this (taken from the link you shared)

Leverage over currency can also be a powerful weapon. During the fall of the Libyan ruler Muammar Gaddafi seven years ago, the British government seized $1.5 billion worth of Libyan dinars originally produced for the dictator by the British currency printer De La Rue, which sparked shortages in the country and put pressure on the state.

Beijing has been concerned that its enemies could use fake notes to disrupt its economy and has viewed the money-printing capability as being as important as its atomic bomb program.

I don't see any pros if china is printing the currency. Government may giving them contracts because they have better machines or it's less costly. But at the end I don't see any benefits. I am not expert in this kind of topic but according to me no country give this kind of contracts to another country.

Thank you for sharing such a nice article with us my friend.

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crypto.piotr (70) · 6 years ago

hi @flash07

It's so great to read from you again. I trully missed you :)

I didn't know that china prints India's currency. I really should look in to economics more

Surprisse surprisse haha :)

china shows so many times that they not support India in so many things.

Exactly. Would strong India be a good thing for them? Or would they rather like India to grow as well. That's the question.

ps. Since my voting power is quite low and upvoting your comment wouldnt benefit you much, I decided to transfer 0,5 steem to you as a token of appreciation.
Yours
Piotr

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flash07 (63) · 6 years ago (edited)

Since my voting power is quite low and upvoting your comment wouldnt benefit you much, I decided to transfer 0,5 steem to you as a token of appreciation.

No need to do that my friend. If anybody have to send some steem that it's us. Because you are actually supporting community of bloggers. I don't have that much of steem to send but you have my respect and support 100% :)

Once again good job on article @crypto.piotr.

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wstanley226 (58) · 6 years ago

What?

Posted using Partiko Android

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crypto.piotr (70) · 6 years ago

hi @wstanley226

Strange comment :)

Are you having great time at Orcas Island?

Cheers
Piotr

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wstanley226 (58) · 6 years ago

Yes, thanks. Crazy China is printing other currencies.

Posted using Partiko Android

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yanipetkov (64) · 6 years ago (edited)

Bulgarian lev is being printed in some offshore zones worldwide. It is just a business.
I do tolerate that, first because for me it means kind of Decentralization ( Outsourcing ), second it makes me think we really live in a global world, third actually I dont care that much. We live in the world of blockchain, and the governments are way back in time.Soon nobody is going to use Fiat so it is not a big matter!

Posted using Partiko Android

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crypto.piotr (70) · 6 years ago

hi @yanipetkov

Big thx for sharing your opinion with me.

actually I dont care that much

The best reason ever hahaha

Yours
Piotr

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powermax2 (35) · 6 years ago

Very nice sir.

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iamchijamz (57) · 6 years ago

Hi @crypto.piotr,
first off, welcome back here, we have missed you so much, then i hope you settled amicably with the government?

For China Printing other country's currency, i do not believe it will turn out well, China is vying for world power and dominance, using the front of cheaper products, goods and services, and loans to developing countries, China is gradually encroaching into territories it had no access to before.

personally, i think this move to printing currencies is to foster their plans on colonizing other countries, i do not have any problem with it right now, it will in no way affect those who have embraced cryptocurrency as a means of exchange, rather i believe it would be a good turn for us all,

what do you think @crypto.piotr

P.S: Thanks for helping me promote my NOIA Review, i really appreciate..

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crypto.piotr (70) · 6 years ago

Good morning @iamchijamz

It's also great to be back. Im still very limited with time but I will be more present.

For China Printing other country's currency, i do not believe it will turn out well,

Thanks for sharing your view. It seem that we're both on the same page here.

ps. to show my appreciation for your valuable comment I've transferred you 0.5 steem just now. It's not much. But always something :) (my voting power is to small to really give you solid upvote)

Yours
Piotr

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ozgurcinarli (55) · 6 years ago

It would certainly pose threat to the security of your country. Despite the idea of most scholars that make a distinction as hard politics and soft politics and regard economic issues as "soft politics", economic security is an integral part of national security. Second, national security (and national interest) is a part of power politics. As power is multidimentional, so as security too. Insecurity in one dimention, poses a threat to an other dimention of national security. In this case, economic dependence may lead to lack of proper decision-making in political issues closely related to national security, and national interest.
HOWEVER,
the reveal and the spread of cryptocurrencies are undermining the power of conventional moneys. Because of this fact, the situation you described may not find time and opportunity to pose a threat to the national security of your country.

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crypto.piotr (70) · 6 years ago

hi @ozgurcinarli

Thank you for such an amazing comment and Im sorry for such a late reply.

I couldn't reply earlier because of HF20.

Yours
Piotr

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carbodexkim (55) · 6 years ago

China is young. This is a very clever nation. Recently I watched one film about Chinese plants (the whole life of one plant). The population of the plant is 100 000 people.
The transfer of the entire industry to China was a major mistake. I'm sure they can easily and buck down but they are smart they do not need a war.

Well for the country it is a disaster if the money can not already print.

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yintercept (59) · 6 years ago

There is a huge amount of fake money and many fake securities on the market. It is one of the driving forces behind the interest in Crypto Currency.

Some believe that huge influxes of fake currency deepened the economic crisis.

If you are are interested in this topic you should check out articles about the superdollar. It spurred the creation of the current high security dollar.

Countries have a long history of taking steps to debase the currencies of their enemies. Monetary policy is an ugly issue.

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crypto.piotr (70) · 6 years ago (edited)

hi @yintercept

Thank you for such an amazing comment and Im sorry for such a late reply.

I couldn't reply earlier because of HF20.

Yours
Piotr

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ced000 (54) · 6 years ago

In my Opinion, It's not a good Idea, as they virtually have full control over the Economy. Except there's a condition on the signed contract that prevents China from doing so.

But then again, these conditions can be bent and consequences avoided.

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gade4rt (57) · 6 years ago

Good post!

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felixgarciap (69) · 6 years ago

The influence of China in the world economy is in continuous growth which can represent a loss of economic independence of the nations to which it offers this type of financial service as the one to print its paper money. Interesting article dear friend @crypto.piotr

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crypto.piotr (70) · 6 years ago

hi @yanipetkov

Big thx for sharing your opinion with me.

Just checked your profile just to realize that we seem to share a number of interests :)

In particular that we both share a similar passion towards cryptocurrencies and blockchain technology :)

big fat upvote on the way! :)

I will follow you closely :)
Take care, Piotr

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upme (49) · 6 years ago

You got a 14.93% upvote from @upme thanks to @crypto.piotr! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% from your share, daily payouts ( no commission ).
Quick delegation links: 25SP | 50SP | 100SP | 250SP | 500SP | 1000SP | 2000SP | 5000SP | Custom Amount

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hendersonp (66) · 6 years ago

Hello friend, good to have you back, I understand your concern but most countries print their paper money abroad, print paper money is a business and as all business involves investment and dedication, for most countries it is not profitable they are investing in a house of the currency that keeps its equipment and methods of printing of updated, since to these every day they add them more security systems of last technology so that forgers do not have it easy.
These types of contracts are quite strict in terms of the number of printed tickets, for that is the digits printed on the money, the country makes the print order and there can not be a number of repeated printing code or a number outside of the order that the country (client), if they were to print more than what was established, would have legal problems and it is very important for these companies, to have an unblemished reputation, in this way they can get more contracts from other countries to print their money
Greetings, I hope you are very well.

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crypto.piotr (70) · 6 years ago

hi @hendersonp

It's great to "be back". Im still running around and next few weeks will be very busy (private issues) but ... Im kind of back :)

Thanks for sharing your view with me on that particular topic.

Yours
Piotr

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machnbirdsparo (65) · 6 years ago

Ok... let's say that China is offering these countries the very best in security against counterfeiting. < O O >
Yeah so.. it ain't just wrong, and yes it is a matter of national security, but..
BUT
.. it is a concern for any country in the United Nations, heck any country that uses money or uses the USD as a standard. Heck Heck, the USD could have done something like this long ago, but it did not.

This is why I have such a hard time believing this story. But stranger things have happened in recent years, not by much.

I would take this as a signal that all of these countries and China as well, have given up hope in the current world economic dynamic and are setting up for something quite huge to come. No way any one of those countries believe that this is the smart play, just buying time.

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crypto.piotr (70) · 6 years ago

hi @machnbirdsparo

Thank you again for resteeming my post. You're the most supportive person I came across on Steemit :)

in the current world economic dynamic and are setting up for something quite huge to come

That would make completely sense.

ps. to show my appreciation I've transferred you 0.5 steem just now. It's not much. But always something :) (my voting power is to small to really give you solid upvote)

Cheers,
Piotr

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machnbirdsparo (65) · 6 years ago

I see us building a network (so reading and resteeming your posts is virtually on autopilot). By "us" I am hoping to refer to a future of blockchain pioneers. I have met few in your class @crypto.piotr, of which, you stand head an shoulders above.

and TY (:

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euriguiwi2018 (49) · 6 years ago

Hi dear @crypto.piotr A long time without greeting you. I'm happy with your successes.

The state-owned Chinese company claims to be world's largest printer of money. The company took to printing of foreign currencies as part of its belt and road plan aimed at establishing at an economic corridor across 60 countries of Asia, Africa and Europe. Printing is an icon of a nation’s sovereignty, and such an agreement should be made considering all aspects politically and otherwise while minimising risks.

Besides the extremely high technology involved in printing, the "trust" is the key to have a country like China to print the money for you. Strange that China is seen as less advanced at currency printing but yet it says that China has innovated a way to do security features in ways no one else can at lower cost.

Sources in the industry say that one of its major advantages in this area is by being able to provide security features at a relatively low cost compared with more technologically advanced Western rivals.

Currently China is the only country that has the capacity to perform Intaglio, or raised printing simultaneously on both sides of a banknote, while in 2015 Chinese researchers won an international innovation award for ColorDance, a new holographic feature that can significantly increase a paper currency’s security at relatively low cost.

If others trust China more than the USA and grant them this business it’s their choice and possibly they had good reasons too. Canada also prints polymer money for various countries. The money is washable and lasts a couple of times longer than the linen versions. They are also more difficult to copy as they have a hologram on both sides.

PWPW (Polska Wytwórnia Papierów Wartościowych) S.A. produces banknotes at the request of the National Bank of Poland and central banks of other countries. The production process is carried out with the use of state-of-the-art printing machines and devices that employ steel-engraving technique, type-offset, screen printing, letterpress or flexography.

Good night!
Have a wonderful week
A big hug for you

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crypto.piotr (70) · 6 years ago

Thank you for your amazing comment.

How's your life in Venezuela? Are things getting any better for you guys? or still only getting worse? :(

ps. Since my voting power is quite low and upvoting your comment wouldnt benefit you much, I decided to transfer 0,5 steem to you as a token of appreciation.

Yours
Piotr

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euriguiwi2018 (49) · 6 years ago

Hi dear @crypto.piotr Thank you so much for your friendship. You are a wonderful person.

Venezuela’s intensifying economic and political crisis has brought thousands protesters into the streets over the past three months. A large number of Venezuelans are spending everything they earn to avoid starving. The face of poverty in Venezuela is also changing. With such a staggeringly high poverty rate, poverty now affects citizens with degrees who cannot find jobs and more urban people, in addition to the already rural poor.

The explosive poverty rate and lack of proper government response have prompted protests, as this issue is now being seen as a clear violation of human rights.

The minimum wage is enough to buy just one-quarter of the food needed by a family of five in one month. From an over-reliance on imports to price controls and, quite simply, a lack of funds, food shortages in Venezuela have not only peaked but they have lasted longer than ever. An additional cause for the shortage of basic food staples is the decrease in agricultural production resulting from seized companies and land expropriations. More than 3m hectares were expropriated during 2004-2010. That and overvalued exchange rate destroyed agriculture. It's cheaper to import than it is to produce. That's a perverse model that kills off any productivity.

The scarcity index, puts this year's figure at an average of 80%, which, according to economists in the country, is similar to countries undergoing civil strife or war-like conditions.

Long lines at supermarkets have developed as people seek the most basic and necessary means of survival. Venezuelans are eating two or fewer meals a day and around three-fourths of the population have watched their weight decrease throughout the years.

The high poverty rate of Venezuela has reached the attention of the world. Raising awareness has been part of finding hope for Venezuela.

We are fighting for a better Venezuela.

Thank you for the kindness and attention you gave me
I wish you much success and happiness in all your future
Have a nice night
A big hug

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crypto.piotr (70) · 6 years ago

Thank you for such an amazing comment and Im sorry for such a late reply.

I couldn't reply earlier because of HF20.

Im only hoping that Venezuela will not end up being torn apart with civil war.

Yours
Piotr

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euriguiwi2018 (49) · 6 years ago

Hi dear @crypto.piotr Thank you very much for your care and for being so kind in every moment.

A civil war is not impossible but very unlikely. As far as I know only the military, the national guard, the police and gangs called collectivos have weapons. The higher echelons in the military and police have vested interests in the regime and will not go against the government. The same is true for the national guard. Moreover the national guard is stacked with Chavistas.

But, just over a year ago, I argued that, to save the aims of Chavismo, it is probably too late, as the forces of reaction gain ground every day in the country. It seems that we await only the decision of the army to change sides and oust the Chavistas.

The marathon of destruction is almost finished; the lifeblood of the nation is almost gone. No, there is nothing heroic or epic here; ruins in the making are sad affairs – bereft of the comforting mantle of time which lends intrigue and inevitability. And watching it has, for me, been one of life’s great tragedies.

God bless Venezuela!!

Have a wonderful night
A hug for you

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crypto.piotr (70) · 6 years ago

Thank you for another amazing reply. Damn. your english is just so perfect. You mind telling me what do you do for living on daily basis? Or what was your job? Im very curious.

A civil war is not impossible but very unlikely

I agree. Since China is supporting your president with such a huge amount of money - he will have funds to cover his army expenses. And as long as he can pay them - there will be no civil war.

God bless Venezuela!!

Indeed.

Yours
Piotr

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euriguiwi2018 (49) · 6 years ago

Hi dear @crypto.piotr Thank you so much for the honor of having your friendship on this amazing journey.

I was a community development worker in Caracas and perspectives were especially relevant to my work in Public Administration. 17 years experience as an environmental specialist, project manager and strategist.

Today, especially in this sector, we are in a much better position than we were last year. I'm working on a research projects to university groups. The projects has been developed as a postgraduate thesis, under the framework services.

But, I am also an English teacher in a primary school.

When it comes to the help issue, I am unfortunately rather pessimistic. China sells a lot of goods to Venezuela, both to the government and civilians. The buses of Caracas are made in China and so are the “tanquetas” used to suppress the protests. Motorcycles are the poor people’s (and not so poor people’s) mode of transport and a lot of the motorcycles in Venezuela are made in China. China financially props up Maduro’s regime but not for free. Venezuela’s debt to China is backed with shares from government companies. Since Maduro will not be able to pay his debts, they are going to become owners of a big part of PDVSA (national oil company). China has mining rights in Venezuela.

In other words, China has huge economic interests in Venezuela. The other aspect, which is even more important, has to do with geopolitics.

God bless Venezuela!!

Have a wonderful night
A big hug for you

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crypto.piotr (70) · 6 years ago

I was a community development worker in Caracas and perspectives were especially relevant to my work in Public Administration. 17 years experience as an environmental specialist, project manager and strategist.

Impressive experience. And your knowledge about current state of your country and politics is impressive.

Thank you for sharing it with me. I appreciate it a lot.

Yours,
Piotr

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Show 1 more reply

upmewhale (65) · 6 years ago

You got a 21.00% upvote from @upmewhale courtesy of @crypto.piotr!

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nasarakbar (53) · 6 years ago

Hi @ crypto.piotr,
Surely it’s a threat to security. And it's upon those countries why they provided contract of printing currencies to other countries.
A currency printing is a very important part of economy stability.
But it does not mean that china will do anything wrong.
We can assume how much confidence they might have given to those countries.
Let’s hope for the best. Everything should go in positive direction.
Thanks for asking my view on this topic.

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crypto.piotr (70) · 6 years ago

Thank you for such an amazing comment and Im sorry for such a late reply.

I couldn't reply earlier because of HF20.

But it does not mean that china will do anything wrong.

Of course. They will play along as long as it will be in their favour. Im just afraid what could possibly happend once US would push China against the wall with current trade war.

Yours
Piotr

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arquiatra (53) · 6 years ago

Dear sir @crypto.piotr, thank you for opening this space for healthy communication. Regarding the subject you are dealing with, my opinion is that the answer is not easy to define in absolute terms of good or bad, since in trying to be objective, and to give the benefit of the doubt, on the one hand to China, and for the On the other hand, to Poland or any other country, such as my own country, Venezuela, when I think about the fact of printing coins, an alarm goes off in my brain and the word CORRUPTION appears. It is that history has shown us the precedent of a China accustomed to the plagiarism of anything, and to small third world countries with unscrupulous rulers, whose desire for power leads them to destroy even their own people in order to enrich themselves. I would like to be optimistic and think that this coin printing is a healthy win-win relationship between the countries involved, but seeing inside my own country, how China has become a voracious creditor that is taking over our riches Minerals and oil companies with the help of a corrupt government, optimism is over. However, I have confidence in God and his mercy to keep and protect our peoples and make us open our eyes to any harm, however subtle it may be.

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crypto.piotr (70) · 6 years ago (edited)

hi @arquiatra

Thank you for resteeming my post and your kind comment and for sharing your view with me.

Appreciate it a lot.

I have confidence in God and his mercy to keep and protect our peoples and make us open our eyes to any harm

I would love to have your faith. I used to be an oltar boy but years of seeing misery around the world changed my beliefs.

Anyway ... Again thx for sharing your view.

ps. to show my appreciation I've transferred you 0.5 steem just now. It's not much. But always something :) (my voting power is to small to really give you solid upvote)

Yours
Piotr

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arquiatra (53) · 6 years ago

Dear friend @crypto.piotr, you say that not much is what you have sent me, however for me it has an enormous value and is of great importance, not because of what it represents in tangible value as cryptocurrency, but because of the intangible value expressed by your good heart and expression of friendship by selflessly supporting someone even without knowing him. Thanks with all my heart. I am very sorry that the ungrateful circumstances of life have diminished your faith, however, I am sure that flame is still burning and my wish is for God to help you see the beauty of life even in what appears to be ugly. God bless you, and again thank you.

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crypto.piotr (70) · 6 years ago

You're simply to kind @arquiatra :)

ps. I've noticed that many Venezuelians strongly believe in God. Is religion very strong in your country?

Yours
Piotr

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arquiatra (53) · 6 years ago

Dear friend @ crypto.piotr, Venezuela, like most of the Caribbean countries (countries whose coasts are facing the Caribbean Sea), is eclectic in all its aspects. Our mestizo race is the result of the mixture between the conquering white man, the black slave that these conquerors brought to work and the Indians that made up the autochthonous people that were later subdued. We see this eclecticism in the different artistic expressions, in gastronomy and music, but we can also see it in the religious aspect, since in Venezuela different types of beliefs converge, such as African ones, with their fetishism, and manifestations, which Although they are considered as cultural manifestations, we can not deny that they are religions, on the other hand we find what they statistically call as Christian groups, and this in turn is subdivided into Christian Catholics and evangelical or Protestant Christians. For a time Catholicism was the majority, but in the last 20 years there has been a considerable boom in the Evangelical or Protestant Christian group, I believe that this is because this group has focused more on missionary work in the most vulnerable areas, helping to the populations in the social aspect, providing food and medical assistance in some cases and this has made it spread throughout the country. This has also led the Catholic group to renew its strategy to avoid losing members in its ranks and now both evangelicals and Catholics work more in the aspect of social assistance as a way to reach people for their organizations and beliefs. On the other hand, the terrible socioeconomic conditions that my country is going through because of this terrible policy implemented in the last 20 years, has caused the rise of poverty and misery and this in turn has caused some to take refuge in religion as a means of escape and hope to solve their problems, others, however, have lost ethical and moral values and have turned their lives to the opposite side, that is, to crime and criminality,

Sorry for not giving you a short answer, believe me I tried to do it but it is impossible for me because personally I think the difference between a good Venezuelan and a bad Venezuelan, is that the good we cling to ethical and moral values as wealth for to get ahead and God is the only thing that remains immutable and as absolute truth before so much injustice and corruption. I learned to love when I met God, I learned to forgive and I am learning to leave selfishness and to take into account who is beside me and needs help to get ahead, and so there are many other people clinging to faith in God as the more accurate method to get ahead and not succumb to economic and spiritual misery.
Thank you for your interest in Venezuela.,

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highmess (45) · 6 years ago

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riovanes (66) · 6 years ago

Okay, this is just silly. I see absolutely no reason why any country should let other country, China or otherwise to print their nation's currency. Not sure how the chinese government manages to convince the said nations' government but the potential for corruption of such a deal is terrifying to say the least.

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crypto.piotr (70) · 6 years ago

hi @riovanes

Yours
Piotr

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phanthang (43) · 6 years ago

Hello! I am not a specialist in monetary and financial matters so I can not give you any advice on this matter.

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a-steem-whale (48) · 6 years ago

Lol Trumps hypocrisy

Posted using Partiko Android

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ecoinstant (68) · 6 years ago

Not sure how that guy is involved in this one bud.

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crypto.piotr (70) · 6 years ago

Hi @ecoinstant
It seem that some people blame him for everything

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crescendoofpeace (63) · 6 years ago

I have to agree with eco-instant here.

Personally, I think Trump is a complete ass, not to mention lacking any morals, ethics or brainpower, but he just doesn't figure into this equation.

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crypto.piotr (70) · 6 years ago

Fully agree with you

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ronak93 (36) · 6 years ago

Sir do not deal with China because China is fraud country.so in India NARENDRA MODI was change all currency notes in India and after India became a best growing country and India last GDP GROWTH come is 8.2 so my opinion POLAND change your currency

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crypto.piotr (70) · 6 years ago

hi @ronak93

Im sorry for such a late reply.

Most of all: thank you for your kind comment.

I couldn't reply earlier because of HF20. Just wanted to let you know that I had a chance to read your feedback and that I appreciate that you shared your opinion with me.

Yours
Piotr

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anarchojesus (25) · 6 years ago

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dynamicrypto (71) · 6 years ago

I would bet China offered this service as a way to pay down debt maybe as interest payments? China own the world yet? It is amazing how people can do these things. I met a "Duke" or "Earl" or maybe he was the "Duke of Earl" (joke) and he said his family has rights to print U.S. Dollars. I was much younger yet this freaked me out, I did not show it to this gentleman yet I was curious and asked many questions to which I am not sure what could be true or not and to this day who knows as I could never find any information on this proving it to be true or false. He did not try to sell me anything or get me to invest, so was he just bragging or spreading false information? I am sure I felt a bit of what you are right now. World war III is brewing and you may have stumbled on some of the sparks that ignite the fire to come...?

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crypto.piotr (70) · 6 years ago (edited)

hi @dynamicrypto

Im sorry for such a late reply.

Most of all: thank you for your kind comment.

I couldn't reply earlier because of HF20. Just wanted to let you know that I had a chance to read your feedback and that I appreciate that you shared your opinion with me.

ps.

World war III is brewing and you may have stumbled on some of the sparks that ignite the fire to come...?

I would say that WWIII started already few years ago and is taking place across few middle eastern countries ....

Yours
Piotr

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wentong-syhhae (50) · 6 years ago

Outsourcing the printing of currency amounts to giving up one's sovereignty just to save a little on what should be essential infrastructure. What were they thinking?

I'm especially worried about India, Nepal, Sri Lanka, Bangladesh and Malaysia, all of which are China's regional neighbors.

Thank you! Resteemed for wider exposure.

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crypto.piotr (70) · 6 years ago

Thank you @wentong-syhhae for your comment and Im sorry for such a late reply.

Outsourcing the printing of currency amounts to giving up one's sovereignty just to save a little on what should be essential infrastructure. What were they thinking?

We are clearly on the same page. And thank you for resteemit. Appreciate it.

Yours
Piotr

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arcange (73) · 6 years ago

Congratulations @crypto.piotr!
Your post was mentioned in the Steemit Hit Parade in the following category:

Comments - Ranked 4 with 91 comments

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ahmadmanga (65) · 6 years ago

I liken how this post is formatted but I can't give an opinion on this matter, it'll get political in the end.

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crypto.piotr (70) · 6 years ago

thank you for your short reply anyway @ahmadmanga

Cheers, Piotr

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jodekss (3) · 6 years ago (edited)

Sigh... 😑
I am intrigued to read all the comments coming up on this too @crypto.poitr to be earnest.

But before I begin to drop my own comment let me emphasise some notion known worldwide about China and their things, materials.

Chinese products don't last.

That is ludicrously funny though but it is true. We have plentiful of their products here in NIGERIA and they don't last long, majority of them. And we have known them for that as we then have preference over them considering USA's, GERMANY's etc. products. However, I respect the fact they are able to rise from nadir into something worth beholding today. I love them for that and their crazy inventions.

That is not the point here directly though but yet I am going somewhere. These are Powerful nations in this century which are trying by any means to reach or maintain the top.

China is looking for all the means possible with its communist government and its philosophy to win the USA and become the most powerful nation in the world. What you POITR meant are happening to Poland, India, Malaysia is not the end in itself, it is just one of the means to an end and the end I believe is to end the reign of the USA as the most powerful. Another means to make sure this mainstay is maintained is one of the why's for the TRADE WAR and all that between them and the United States of America.
Recently, having known information is power in itself now, China have moved to Africa to begin to educate us on their language, setting up debate so as to master their language as well.

If you know, this is one of the ways that English was birthed right way back in the Anglo Saxon period. Get people to speak your language and you shall get them to do your will as the minion.

Printing of currency should best be done by the FEDERAL GOVERNMENT of any independent nation and not by any other external one. It is all like selling your freedom away just because it is hard to maintain the freedom. I mean, I know, the cost of the printing of currency could be higher than the currency printed later.

So, there is little merit in it @crypto.poitr but plentiful demerits. I still cannot believe INDIA of all fell for their lies too, after they suffered hard to gain their independence.
@jodekss

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crypto.piotr (70) · 6 years ago

hi @jodekss my man!

Somehow seeing your nickname always puts a smile on my face :)

Chinese products don't last.

You nailed it! :)

Printing of currency should best be done by the FEDERAL GOVERNMENT of any independent nation and not by any other external one

It seem that we're both on the same page here. Thank you again for sharing your view on that topic.

ps. I've transfered 0,5 steem to you as a token of appreciation for your amazing comment. That's not much but always something :)

Yours
Piotr

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jodekss (3) · 6 years ago

Remembering you always puts a smile on my face @crypto.poitr. Thanks and much love. ͡° ͜ʖ ͡°
I wish our nations the best and may God help our leaders in their decision-makings always as the majority of who would suffer the consequences are the masses not them.
Sincerely yours,
@jodekss

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ironmax (32) · 6 years ago

I don't know very well the subjet but to me it's just China playing the same game as the Occident. True that it's not very good for us but we've been doing the same things for the last 60 years or so. It's hard to stay on top forever. Like some people said earlier, China has massive social problems and big geographic tensions, so I doubt it's gonna end well for them and who knows what our leaders will do behind the scene to screw everything up. One thing is certain, doesn't matter the way you see it, the global economy, the money printing and all the things around it just don't work and as long there is no regulation, nobody wins

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crypto.piotr (70) · 6 years ago

hi @ironmax

Im sorry for such a late reply.

Most of all: thank you for your kind comment.

I couldn't reply earlier because of HF20. Just wanted to let you know that I had a chance to read your feedback and that I appreciate that you shared your opinion with me.

Yours
Piotr

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