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RE: Vlog #97: 3 years relationship + 2 million STEEM left Poloniex already + Why I think banks fear cryptocurrencies

in #dtube7 years ago (edited)

@exyle I know how money is created and one of the Best Books that anyone can read about Banking is "The Creature from Jekyll Island" by G. Edward Griffin.
As of 1913 the US Dollar has been destroyed by almost 100% of any value. All Fiat Currencies eventually DIE.

Of the 599 failed paper currencies, researchers found:

-- 30 percent, or 184, ended with monetary unions, dissolution or other reforms, like the creation of the euro in 1999;

-- 15 percent, or 94, ended via acts of independence (such as former colonial states gaining their independence and renaming or issuing new currency);

-- 27 percent, or 156, were devastated by hyper-inflation caused by over-issuance of paper money by governments and central banks (sound familiar?); and

-- 28 percent, or 165, were destroyed by war -- deemed invalid through military occupation and/or liberation (think Confederate dollars).

And there is this: Most paper "fiat" currencies last 38-39 years -- the U.S. went off the gold standard completely in 1971, or about 46 years ago.

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Thank You @faissalchahid I really am grateful to share and have people interact. I appreciate it.