When Fiat FAILS!! This CANNOT Be Ignored: Historical Lessons
It seems as if there is a great deal of macroeconomic certainty going on. Moreover, that crypto executive order is around the corner and many are wondering what could be included.
However, despite all of this, I would still feel much more secure holding crypto than the alternative - fiat currency.
That's because not only are we witnessing its collapse in Russia & Ukraine, but there is a long historical precedent of the fiat money system completely failing.
In the video I have for you today, I’m going to be diving deep down that historical rabbit hole and tell you everything you need to know about the times when the fiat monetary system collapsed.
Be it hyperinflation, policy mismanagement, war or natural phenomena, fiat has time and time again proven not to be the most reliable form of value preservation.
Among the worst and most notable instances of hyperinflation, we have the German Weimar Republic’s Paper Mark in 1923, the Hungarian Pengo in 1946, the Yugoslav dinar in 1994, and Zimbabwean dollar in 2007. These currencies experienced such unprecedented levels of hyperinflation that they would soon be reduced to nothing.
Basically, toilet paper!
So, if this sounds like something you’d be interested in then my video today is one you can't afford to miss.
And just imagine if Bitcoin had been around back then! I can almost guarantee that things would have looked slightly different if crypto had been a thing.
⛓️ 🔗 Useful Links 🔗 ⛓️
The Definition Of Fiat Money: https://www.investopedia.com/terms/f/...
What Is Hyperinflation: https://www.investopedia.com/terms/h/...
Hanke-Krus Hyperinflation Table: https://www.cato.org/sites/cato.org/f...
Hyperinflation Crisis In The Weimar Republic: https://www.bbc.co.uk/bitesize/guides...
Hungarian Pengo Crisis: https://www.jstor.org/stable/1837370
The Downfall Of The Yugoslav Dinar: https://centerprode.com/ojsh/ojsh0202...
The Decline Of The Zimbabwean Dollar: https://www.linkedin.com/pulse/how-di...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.