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The History Of The World's FX Regimes In One Infographic

Tyler Durden's picture


The evolution of currency systems over the past two centuries, as it turns out, is far more exciting than is usually let on (think political thriller as opposed to economic textbook!). GoldMoney presents, in all its glory, the quixotic history of exchange-rate regimes from 1821 to the present day.

Alternatively, the infographic can be seen in one screen here


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Wed, 08/22/2012 - 17:08 | 2728726 bnbdnb
bnbdnb's picture


Wed, 08/22/2012 - 17:12 | 2728736 vast-dom
vast-dom's picture

all this means is that central planners are raping your muppet asses! and if you transact physical you best not do it through a "shop" since both sides of transaction will be sent to uncle sam! 

Wed, 08/22/2012 - 17:14 | 2728745 Pladizow
Pladizow's picture

Great Infographic and future reference piece!

Wed, 08/22/2012 - 18:18 | 2728879 knukles
knukles's picture

Star of Inside Job

Wed, 08/22/2012 - 19:31 | 2729007 q99x2
q99x2's picture

My ex wife threw it in the trash by accident. My dog ate it. I had a seizure and can't remember where I put it. While I was on vacation at the last place I lived someone probably stole it. Wherever it is now...well I wish I knew.

Wed, 08/22/2012 - 17:09 | 2728732 Ghordius
Ghordius's picture

2013-2073 total dollarization of the world?
One to rule them all. Long digital.

Wed, 08/22/2012 - 17:12 | 2728739 battle axe
battle axe's picture

Slowly the plan is coming together, soon total slavery.

Wed, 08/22/2012 - 17:17 | 2728753 Ghordius
Ghordius's picture

Don't know, slavery is such a *bother*. Ther must be some cheaper option, something that looks like freedom, perhaps. And is self-maintained.

Wed, 08/22/2012 - 18:00 | 2728843 Whalley World
Whalley World's picture

Or Smells like Freedom, perhaps we are about to experience Freedom from life via incediary events.

Wed, 08/22/2012 - 18:29 | 2728902 OutLookingIn
OutLookingIn's picture

"slavery is such a *bother*"...

Not really.

"Democracy has proved only that the best way to gain power over people, is to assure the people that they are ruling themselves. Once they believe that, they make wonderfully submissive slaves."

-Joseph Sobran 1946-2010

Wed, 08/22/2012 - 18:44 | 2728928 NotApplicable
NotApplicable's picture

Do I ever miss Joe.

Wed, 08/22/2012 - 19:28 | 2729001 lemonobrien
lemonobrien's picture

"Brave New World"

Thu, 08/23/2012 - 05:18 | 2729556 merizobeach
merizobeach's picture

Are you making an allusion to the present state of things?

Thu, 08/23/2012 - 07:03 | 2729589 Ghordius
Ghordius's picture

just trying out my new iSarcasm app. Recently I've just seen an increase on NWO "digital money" world domination comments and I had to wonder: why do people think they are describing the future? Is this not more a description of the present?

In the book "Nineteen Eighty-four", that was written in 1947, btw, the world is divided in Oceania, Eurasia, Eastasia and the "contested regions" needed for eternal war. I had a cursory look again, because last time I did read it it was the same year of the title. The resemblance of some of the structures that are emerging is quite startling, though there is a difference:

From a monetary point of view, the world is now nearly totally dominated by the dollarzone. China, for example is part of the dollarzone by peg, the same way as Switzerland joined temporarily the eurozone by floor.

IMHO, we either have reached peak dollarization and the tide will recede soon or we are on our way to the global domination of King Dollar.

Not long ago I was sure we would go the way of tariffs, trade barriers and trade wars, now I'm not sure anymore.

And my comment about slavery is in fact stupid at least in one detali, otherwise we would not see this kind of prison populations in the US. There seems to be quite enough people that think that this is "a good idea", and this while disparaging democracy because it does not fit their Newspeak terminology.

Remember: every people has the government that it deserves. Not always a flattering comment, I know, and nevertheless true. Unless that people rises above itself, of course, and then the regime changes.

Thu, 08/23/2012 - 07:27 | 2729618 i-dog
i-dog's picture

Good to see that you've taken up reading something other than the Misinformation Crib Sheet, Ghordie!

"Not long ago I was sure we would go the way of tariffs, trade barriers and trade wars"

Yeah, I remember ... last week, wasn't it?

Well, you're also still very wrong in describing the current situation as either a "currency war" (which you repeat ad nauseum) or directed from DC. (Hint: Has either the Fed or PBC done anything other than give behind-the-scenes support to the ECB's efforts to raise liquidity?).

However, rather than describing [yet again] why you're wrong, I'll just wait a few more weeks for you to come to yet another new realisation. :)

Thu, 08/23/2012 - 07:45 | 2729638 Ghordius
Ghordius's picture

I can write without any trace of sarcasm that I admire your pure heart and white shining armour, even when we are in disagreement. Nevertheless, I like to entertain all kind of thoughts and admit when they were wrong, if necessary often.

Of course currency wars can be staged. (Edit: yes, I know you did not say that -it's a bad habit of mine). Plenty of historical evidence for this. But sometimes they happen, as all conflicts can, sometimes they are just the product of decades of decisions.

I expect, for example, a "hot" September for gold and silver. Lots of big players positioning themselves. But I don't see in the next weeks a paradigm changer.

Nevertheless, should your prediction be correct, I don't see how my appreciation toward's ZH's resident whitecoat can possibly rise.

Thu, 08/23/2012 - 07:59 | 2729673 Ar-Pharazôn
Ar-Pharazôn's picture

pegging the franc to the Euro is definitely not joining the Eurozone

Thu, 08/23/2012 - 08:04 | 2729687 Ghordius
Ghordius's picture

why not? note I wrote "temporarily" and "from a monetary point of view". If you are Argentina and you peg your currency to the dollar, for example, then you join the dollarzone. Temporarily and through a peg. Informally instead of formally. Nevertheless, for the time you do it the economic effects are the same.

Thu, 08/23/2012 - 01:53 | 2729498 jumbo maverick
jumbo maverick's picture

Slavery for many not for me. I don't comply. I won't submit. I may not last long but never a slave.

Wed, 08/22/2012 - 18:04 | 2728856 Whiner
Whiner's picture

And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

Wed, 08/22/2012 - 18:18 | 2728880 New_Meat
New_Meat's picture


Wed, 08/22/2012 - 17:11 | 2728735 Stackers
Stackers's picture

Tally Sticks - FTW

Wed, 08/22/2012 - 17:12 | 2728737 hugovanderbubble
hugovanderbubble's picture

Basel (BIS) is the key

Wed, 08/22/2012 - 17:13 | 2728740 Zap Powerz
Zap Powerz's picture

We're (USA) Number....One!?


Wed, 08/22/2012 - 17:14 | 2728741 Mike Cowan
Mike Cowan's picture

It's a sad history for sure.

Wed, 08/22/2012 - 17:49 | 2728816 Matt
Matt's picture

This infographic proves beyond a shadow of a doubt, that austerity simply cannot work. People must be allowed to spend more than they make in perpetuity, otherwise we cannot afford wars, keynesian projects and social programs. Gold is far too restrictive as a medium of exchange to be used in the modern world.

Wed, 08/22/2012 - 17:14 | 2728742 Ghordius
Ghordius's picture

Cutting corners, eh? ERM I, ERM II, Eurosystem, all only in one slide?
And I miss the oil pumps on the map.

Wed, 08/22/2012 - 17:14 | 2728744 Roland99
Roland99's picture

what did they use for money on Star Trek?  we should use those.


Wed, 08/22/2012 - 17:22 | 2728750 Pladizow
Pladizow's picture

The future Bernank would recomend the exponentially reproducing Tribbles:

Wed, 08/22/2012 - 17:21 | 2728761 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

Klingons: the original kind

1-3mm = one gold talent

3-5 mm = 2 gold talents

5+mm = mandatory remedial hygeine training

Zero gravity toilets always make things difficult tho

Wed, 08/22/2012 - 17:31 | 2728778 InconvenientCou...
InconvenientCounterParty's picture

Star Trek?

Hell no! They were socialists and far too accommodating of illegal aliens.

Wed, 08/22/2012 - 17:45 | 2728814 Matt
Matt's picture

They (beings of the Trek universe) had infinite resources due to the ability to easily convert matter into energy and energy into matter at whim. Rather than consuming oil, they consume (presumably) asteroids, meteors, comets, maybe even planets and stars. 

Wed, 08/22/2012 - 18:02 | 2728850 Whalley World
Whalley World's picture

More like Dilithium

Thu, 08/23/2012 - 20:51 | 2732264 Matt
Matt's picture

The Dilithium is just to regulate matter / antimatter reactions. Analogous to a carboratuer on an internal combustion engine.

Wed, 08/22/2012 - 18:16 | 2728874 1100-TACTICAL-12
1100-TACTICAL-12's picture

Have to admit some of them weird green pointy ear chicks gave me a woody. And I was pretty young back then.

Wed, 08/22/2012 - 18:41 | 2728924 disabledvet
disabledvet's picture

It was the Lycra. And to think I missed out on that Yoga Gear company too...

Wed, 08/22/2012 - 19:00 | 2728945 Latex
Latex's picture

Actually, Star trek sometimes used "Gold pressed latinum" in certain regions of space. Ryker even had some.

  Overall they seemed to be more voluntarily socialistic.

Wed, 08/22/2012 - 20:30 | 2729085 Bicycle Repairman
Bicycle Repairman's picture

Xenite.  It's fungible and all of it that is ever going to exist, exists now.

Wed, 08/22/2012 - 17:41 | 2728802 Row Well Number 41
Row Well Number 41's picture

Got Quatloos?


Wed, 08/22/2012 - 18:44 | 2728929 Abitdodgie
Abitdodgie's picture

they did not but everyone liked there job.

Wed, 08/22/2012 - 18:49 | 2728936 Tippoo Sultan
Tippoo Sultan's picture

Actually, if memory serves, the Federation used a single currency ( fiat ? -- unknown... ) called a "credit."

Wed, 08/22/2012 - 17:14 | 2728746 Tango in the Blight
Tango in the Blight's picture

Forget gold, we should have huge round stones with holes in the center as a currency.

Wed, 08/22/2012 - 19:24 | 2728989 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

I vote for a peg on the Triganic Pu!

Wed, 08/22/2012 - 17:21 | 2728759 reader2010
reader2010's picture

It was gold-based standard, then T-Bill-based standard, and now finally the US-Military-based standard.

Wed, 08/22/2012 - 17:25 | 2728765 negative rates
negative rates's picture

When is 2400 miles shorter than 24 feet? When looking for lost gold holdings in the USA.

Wed, 08/22/2012 - 17:31 | 2728779 buzzsaw99
buzzsaw99's picture

it was a great scam while it lasted

Wed, 08/22/2012 - 17:32 | 2728781 DoChenRollingBearing
DoChenRollingBearing's picture


This is yet another example of the great information available here at Zero Hedge!

Wed, 08/22/2012 - 18:21 | 2728886 New_Meat
New_Meat's picture

drive-by pussy junkstaz. - Ned

Wed, 08/22/2012 - 17:36 | 2728795 bnbdnb
bnbdnb's picture

Vote democrat. Buy gold.

Thu, 08/23/2012 - 08:04 | 2729689 Ar-Pharazôn
Ar-Pharazôn's picture

uffffff i still see brainwashed ppl here.


you said buy gold which is correct, BUT you're really voting? and you're really voting Obamney cough cough sorry Obama?


it's all a JOKE

Thu, 08/23/2012 - 08:22 | 2729731 bnbdnb
bnbdnb's picture

Expedited inflation/destruction.

Wed, 08/22/2012 - 17:44 | 2728807 neutrinoman
neutrinoman's picture

This is the reason I put on my tin foil hat every morning and come to ZH! Infographics out the wazoo!

Wed, 08/22/2012 - 17:47 | 2728815 I am a Man I am...
I am a Man I am Forty's picture

Aren't we a little late on the Apple bashing post today since it closed at all time highs?  You know the "Because this time it's different" post?

Or how all the hedge funds are going to head for the exits because they are only allowed to sell now for some strange reason?

Wed, 08/22/2012 - 19:25 | 2728994 Terminus C
Terminus C's picture

Uh... Are you still smoking crack? I. Thought the doctor told you to lay off it for a few months...

Wed, 08/22/2012 - 17:53 | 2728825 roadsnbridges
roadsnbridges's picture

Why does 'exchange-rate' bring to mind 'scratch my back and I'll scratch yours'?

Wed, 08/22/2012 - 20:34 | 2729093 FreedomGuy
FreedomGuy's picture

Question: What is the exchange rate of one gold Eagle, one gold panda, one gold maple leaf, etc.? Pretty cool, simple, right? Who wants to devalue their currency with these?

Question 2: What is the exchange rate of U.S. dollars, yuan, Candian dollars, etc? What was it ten years ago? What will it be ten years from now?

Question 3: if we pull up a ship from the bottom of the ocean from 1932 with a hundred ounces of gold in it and the same value in 1932 cash, $2000 next to it, which would you want today?

Which one is the "barborous relic", and which is real money?

Case closed.

Wed, 08/22/2012 - 17:53 | 2728827 Milan
Milan's picture

I vote for 1974 - 1979

Wed, 08/22/2012 - 19:22 | 2728985 Raymond K Hessel
Raymond K Hessel's picture

What a dick.  That guy tried to lay some heat on Jim Rogers for the drought.  Like he bought farmland because he knew there'd be a drought.  I don't know how dried out fields make money for Jim Rogers, or if they did, but still... what a dick that reporter.


Wed, 08/22/2012 - 19:45 | 2729021 NidStyles
NidStyles's picture

You buy it when the property value is down, due to that drought. 

Wed, 08/22/2012 - 18:34 | 2728911 Hannibal
Hannibal's picture

Protocols of Zion:

Goyim are mentally inferior to Jews and can’t run their nations properly.  For their sake and ours, we need to abolish their governments and replace them with a single government.  This will take a long time and involve much bloodshed, but it’s for a good cause.  Here’s what we’ll need to do:

  • Place our agents and helpers everywhere
  • Take control of the media and use it in propaganda for our plans
  • Start fights between different races, classes and religions
  • Use bribery, threats and blackmail to get our way
  • Use Freemasonic Lodges to attract potential public officials
  • Appeal to successful people’s egos
  • Appoint puppet leaders who can be controlled by blackmail
  • Replace royal rule with socialist rule, then communism, then despotism
  • Abolish all rights and freedoms, except the right of force by us
  • Sacrifice people (including Jews sometimes) when necessary
  • Eliminate religion; replace it with science and materialism
  • Control the education system to spread deception and destroy intellect
  • Rewrite history to our benefit
  • Create entertaining distractions
  • Corrupt minds with filth and perversion
  • Encourage people to spy on one another
  • Keep the masses in poverty and perpetual labor
  • Take possession of all wealth, property and (especially) gold
  • Use gold to manipulate the markets, cause depressions etc.
  • Introduce a progressive tax on wealth
  • Replace sound investment with speculation
  • Make long-term interest-bearing loans to governments
  • Give bad advice to governments and everyone else

Eventually the Goyim will be so angry with their governments (because we’ll blame them for the resulting mess) that they’ll gladly have us take over.  We will then appoint a descendant of David to be king of the world, and the remaining Goyim will bow down and sing his praises.  Everyone will live in peace and obedient order under his glorious rule.

Wed, 08/22/2012 - 19:52 | 2729031 WhiteNight123129
WhiteNight123129's picture

Get a life....

Wed, 08/22/2012 - 19:57 | 2729033 moonshadow
moonshadow's picture

bet u even hate people in ur dreams. u chose the right name

Wed, 08/22/2012 - 20:55 | 2729136 shovelhead
shovelhead's picture

This is the result of raising children exclusively on pork rinds and tabasco sauce.

Just say no.

Wed, 08/22/2012 - 21:30 | 2729186 bankruptcylawyer
bankruptcylawyer's picture

the feds and government pay trolls to post garbage like this on zh , hoping to discredit it. you will see more of it as time goes on, anti-semitism has been encouraged even by jews themselves in order to scape goat and focus on the real problem---bankers and politicans and corrupt influence peddlers. 

Wed, 08/22/2012 - 18:59 | 2728944 prains
prains's picture

the pin stuck into canada geographically speaking would suggest meadow lakes, saskatchewan has been a big player in global financial currency for the last 100 years, you learn something new everyday. who would have thought seling smokes and gas for quads had such an impact.

Wed, 08/22/2012 - 19:05 | 2728954 blindman
blindman's picture
Guns and Butter - August 22, 2012 at 1:00pm
with max k.

Wed, 08/22/2012 - 19:26 | 2728995 q99x2
q99x2's picture

$1 for a 1/4 oz of gold. Well if that don't beat all hell.

Wed, 08/22/2012 - 20:04 | 2729043 bankruptcylawyer
bankruptcylawyer's picture

the fact that the trends above are not also explained with a detailed explanation of world war I and world war II----is a big oversight. 


monetary regimes, go hand in hand with wars, and with negotiating the repayment of war debt and/or reparations. 

The nature of the beast is that wars cost money. and they are even more expensive if you lose them. If you're currency gets maxed out, you lose your credit card (reserve status). It doens't happen over night either. it's a slow painful and long process. unless you win a big war decisively. 




Wed, 08/22/2012 - 21:51 | 2729214 Fix It Again Timmy
Fix It Again Timmy's picture

Keep your eye on gold, it's trying to tell you something...


Wed, 08/22/2012 - 22:59 | 2729305 New American Re...
New American Revolution's picture


  An "A" for graphics, a C- for content.  Didn't know about the Smithsonian Agreement, but then, you didn't mention the more important Saudi oil/for dollars only agreement, which established the Oil/Dollar Standard that replaced the Phony Gold/Dollar Standard of Bretton Woods.   What a great name for casual wear... Bretton Woods.   Not much damn good for anything else.   Serfs Up America!

Thu, 08/23/2012 - 06:45 | 2729577 GMadScientist
GMadScientist's picture

Looks like a gold standard does very little to stop the impetus to Empire and in fact might instead give it a basis for existence.

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