Fiat Money -Toilet Paper MoneyThere's more examples throughout history, like China's Flying Money; France and their Livres, Assignats, and Francs; and Germany during the Weimar Republic, following the 'War to End all Wars,' World War I.
The history of fiat money, to put it kindly, has been one of failure. In fact, EVERY fiat currency since the Romans first began the practice in the first century has ended in devaluation and eventual collapse, of not only the currency, but of the economy that housed the fiat currency as well.
I will show you that fiat currencies have not been successful, and the only aspect of fiat currencies that have stood the test of time is the inability of political systems to prevent the devaluation and debasement of this toilet paper money by letting the printing presses run wild.
Fiat Money -Rome — The Denarius
Although Rome didn’t actually have paper money, it provided one of the first examples of true debasement of a currency. The denarius, Rome’s coinage of the time, was, essentially, pure silver at the beginning of the first century A.D. By A.D. 54, Emperor Nero had entered the scene, and the denarius was approximately 94% silver. By around A.D.100, the denarius’ silver content was down to 85%.
Emperors that succeeded Nero liked the idea of devaluing their currency in order to pay the bills and increase their own wealth. By 218, the denarius was down to 43% silver, and in 244, Emperor Philip the Arab had the silver content dropped to 0.05%. Around the time of Rome’s collapse, the denarius contained only 0.02% silver and virtually nobody accepted it as a medium of exchange or a store of value.
Post-World War I Weimar Germany was one of the greatest periods of hyperinflation that ever existed. The Treaty of Versailles was essentially a financial punishment placed on Germany to make reparations.More recent examples have been in Argentina, Mexico, Norway, Sweden and Finland, Thailand and the insane mess in Zimbabwe, a nation that was once known as the 'breadbasket of Africa.'
The sums of money to be paid by Germany were enormous, and the only way it could make repayment was by running the printing press. (Huge unpayable debt — that sounds familiar. I wonder what the solution in the U.S. will be.)
Inflation got so bad in this period that German citizens were literally using stacks of marks to heat their furnaces. Here is a brief timeline of the marks per one U.S. dollar exchange rate:
April 1919: 12 marks
November 1921: 263 marks
January 1923: 17,000 marks
August 1923: 4.621 million marks
October 1923: 25.26 billion marks
December 1923: 4.2 trillion marks.
Until the illegal and amoral Jew owned and run Federal Reserve is closed down and the power to create money returned to the US Congress, where it should be, according to the U.S. Constitution, there will be no end to the wars ravaging the planet, and the Jew bankers will keep running our government behind the scenes, where they make our whored-out Senators and Reps dance to any tune the bankers call.
While the bankers use corrupted governments around the world to always create terror, blaming it on those dark-skinned Muzzies, while they clean out the nation's treasury.