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Conversation Between Maka and jamie1000013
Showing Visitor Messages 1 to 4 of 4
  1. jamie1000013
    06-22-2011 02:54 PM
    jamie1000013
    Okay I think I get it so they have to make more external sales from other countries in order to increase their value while also spending less externally? Thanks a lot man love filling in all the blank spaces of my knowledge should get there by the time I'm 60 :-P.
  2. Maka
    06-22-2011 02:47 PM
    Maka
    Assume Greece is worth $1,000,000 and they have 1,000 paper money bills to represent their worth. Each bill is actually worth $1,000, if you take it to another country or import/export items, etc... If they print an extra 1,000 bills, they now have 2,000 total paper money bills, but Greece is still worth $1,000,000. Now each bill is only worth $500 a piece. They have more physically printed money, but other countries find it less valuable, because Greece as a country is still worth the same. For Greece to go out of debt, they need to make more money, and spend less of it. (When I say make money, I don't mean print it). Better?
  3. jamie1000013
    06-22-2011 02:39 PM
    jamie1000013
    Thanks a lot man. Sorry I was born this way :-P. Still don't understand why Greece can't print money on the sly and then the value wouldn't increase lol.
  4. Maka
    06-22-2011 02:34 PM
    Maka
    Did my best at answering your question the money thread in off-topic.

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