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A Brief History of Currency: The Infographic
Judging by the amount of currency destruction, all of it completely voluntary and reminiscent of what happened in the final days of the Roman empire, we urge readers to enjoy whatever fiat paper is around: it won't be there for much longer. So to help out in that regard, below is an infographic courtesy of Travelex showing a brief history of the world's major currencies over the ages.
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Before some one posts about it.
Fuck Bitcoin.
Peer to peer currencies are the antidote to the elite controlled currencies, this incudes gold and other commodities since mining is controlled by the elite.
Ummm, dimes are not bigger than nickels in the USA coin realm. Let's get it right! But they were worth more when nickels were made of nickel and copper and dimes were made of silver. Hahahahaha - long gone now!
Gone, but not forgotten.
Not gone; amazingly enough you can still buy them at their 90%silver content price. Look it up on Google. It's the most underutilized route to private real money ownership on the planet. supplies are definitely limited !!
Peer to peer currencies are is for idiots who don't even understand why fiat is a dying currency.
Sudden Debt, can you predict accurately when which fiat dies? A fiat currency is a bit like a bridge: it spans over a gap, from the present to the future. It cheats "nature" with it's ingenuity, and like any bridge, eventually it will crash because of the inevitable neglegt of maintenance
most fiat currencies had a life span of 70 years, often only 40 years. yet all this is not "cast in stone". it would not be impossible to have a fiat currency that lasts way longer than usual, particularly if it's well designed and maintained properly
all in all, our current fiat currencies have been repeatedly saved by technological progress, which saved the huge amounts of promises made, the credit/debt balances which are the real matter behind currencies. and there you have a specific feature which often breaks the neck of a fiat currency: it's often sacrified in order to save the mountains of promises' integrity
further, don't forget that there are three kinds of roles for fiat currencies: national, international/regional, and global reserve. The US Dollar, for example, could lose the last role without "dying", in the same way as the French Franc or the Turkish Lira survived, though with many zeros appearing repeatedly on the banknotes and then disappearing again at the next monetary reform
Wow, what an absolutely fucking nothing infographic. The US has only been around for two centuries, and it could fill the infographic by itself with history from the Articles of Confederation to the close of the gold window. This presentation gives the false impression that what we have today is the same thing Ben Franklin used to buy his pint in the pub.
Really? I didn't get that. Where in the one paragraph did you get that? What I got is that all fiat currency is eventually worthless.
Well on that note it only says discontinued and replaced, not inflated to toilet paper destroying everyones wealth before the do-over. At a MINIMUM they could have mentioned Lincoln's greenback, since that fits the timeline they chose to focus on. That would show discontinuity, and we can't have that!
I don't get that either. Listen, read whatever the fuck you want into it. It doesn't change the point of the article which is that all fiat turns to shit because it's based on nothing. As are all the machinations of the 'smart and savvy'.
I agree with you on the fate of all fiat, but nowhere does the article say that fiat destroys itself or anything at all about value. It gives 3rd grade level facts about various countries money and you could fit a skyscraper through the holes it leaves in the history. It's a fluff piece that has the large potential to bring the reader to the wrong conclusions due to it's brevity. One example that isn't mentioned is the conversion from certificates to notes in the US. A HUGE deal and insanely important monetary history tidbit, but missing.
I think you are coloring this with your own perceptions, but we all fall prey to our own shade of glasses I suppose.
Speaking of "fuck" where is that shill fonestar?
No doubt formulating some other "get in on the ground floor ponzi scheme".
For the betterment of mankind, of course ;-)
Thanks I suspected as much.
A true humanitarian.
And every bit of that history was illusory because money never existed.
Thankfully only Congress has the authority, granted by its citizens, to coin money.
Congress has the right and duty to coin money. However the ninth and tenth ammendments prevent them from having the only right.
This is a crucial point . The .gov tried and convicted Bernard Von Neuhouse on the false representation that the
congress has exclusivity.
But we are a nation ofmen, not laws, so f the constitution,, cage him jfor minting Ron Paul silver coins.
He did use the word dollar on the coins, but the silver far exceeded the posted value, and besides, if you are going to prosecute folks for using the word dollar, than Chuckee Cheese needs to go to Gitmo for his CC Dollars.
Our Constitution has been subverted, they have no real power, they answer only to the system. We however, have authority to judge.
You sound like a drunk uncle on Thanksgiving who decided he was going to start speaking in haiku.
All hail the mighty printing press, the real star of this show. Plus it doesn't hurt to have a MSM to help perpetuate the myth of wealth from pieces of paper with no intrinsic value.
Get the fucking facts right. China invented paper money prior to the year 1000 CE. http://en.wikipedia.org/wiki/History_of_Chinese_currency
"During the early Song dynasty (Chinese: ?, 960–1279), China again reunited the currency system displacing coinages from ten or so independent states. Among pre-Song coins, the northern states tended to prefer copper coins. The southern states tended to use lead or iron coins with Sichuan using its own heavy iron coins which continued to circulate for a short period into the Song dynasty. By 1000, unification was complete and China experienced a period of rapid economic growth. This was reflected in the growth of coining. In 1073, the peak year for minting coins in the Northern Song, the government produced an estimated six million strings containing a thousand copper coins each. The Northern Song is thought to have minted over two hundred million strings of coins which were often exported to Inner Asia, Japan, and South-East Asia, where they often formed the dominant form of coinage. Song merchants rapidly adopted forms of paper currency starting with promissory notes in Sichuan called "flying money" (feiqian). These proved so useful the state took over production of this form of paper money with the first state-backed printing in 1024. By the 12th century, various forms of paper money had become the dominant forms of currency in China and were known by a variety of names such as jiaozi, qianyin, kuaizi, or guanzi."
Abba ?
How purposefully does this infographic by-pass the most important money metal* of the history completely?
*according to Milton Friedman
Those infographics are simplistic missleading bullshit.
What's missing is the Canadian version, which was and still is more important than the Aussie version.
Originally, Beaver pelts were trade as currency, as were Buck skins. The Canadian Beaver was very popular in Paris, with the Greasy Beaver being the most popular of all. No "joke", but admittedly still very funny. Don't know how much a Greasy Beaver Pelt is worth these days.
Beaver goes for big bux depending on condition, freshness, dressing etc. Even the modern "Shaved Beaver" a hairless variety, has become extremely popular with the younger crowd.
Nice Beaver!
Thanks, I just got it stuffed...
Its Enrico Palazzo!
British sovereigns were once minted in both Canada and Australia.
Those were the days.
A nonsense infographic. It doesn't reflect any of the major themes of coinage and currency in any of the economies portrayed. I would object to 9 years olds having that thing hanging on a classroom wall. It's nonsense and misleading.
True. It ignores the times a New Franc has been introduced in France or a new Lira in Italy, and the fact that Sterling went paper in 1914 and coins disappeared like Florin, Crown, Sovereign, Farthing, Halfpenny, Half-Crown pushing up prices or that the Decimal Penny was equal to 2.4d making the price increases something similar to the Teuro when the German Mark was converted at 1.95583.
In fact Decimal Currency introduced 1971 - Inflation took up reaching 26% 4 years later with credit boom and lax DCE
Aussie dollar image is wrong. The two dollar coin is smaller (in diameter) than the one dollar coin. Also, the size order of the 20c, 10c and 5c is messed up, and if we're being pedantic then the 50c should be a dodecagon.
Junk posting; information free; no usable data, no lesson to be learned; pictures that don't tell any coherent story. Useless.