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📺 Helpful Vids 📺
Worst Ponzi Ever 👉
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⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
The Definition Of Fiat Cash:
What Is Hyperinflation:
Hanke-Krus Hyperinflation Desk:
Hyperinflation Disaster In The Weimar Republic:
Hungarian Pengo Disaster:
The Downfall Of The Yugoslav Dinar:
The Decline Of The Zimbabwean Greenback:
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– TIMESTAMPS –
0:00 Intro
3:13 Introduction To Fiat
5:06 Germany’s Weimar Republic
9:33 Hungary
13:57 Yugoslavia
16:55 Zimbabwe
20:59 Conclusion
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📜 Disclaimer 📜
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any specific final result.
#Fiat #Economics #Inflation #Historical past #Classes
Source: Coin Bureau
35 Responses
Hope that you guys enjoyed this historical trip through fiat failures. Can you draw any parallels today? Don't forget that you can follow me on my socials for all the content that you are missing here. 👉 https://guy.coinbureau.com/socials/. You may also enjoy my iHeart Podcast which takes a look at the the fundamentals of money and crypto https://open.spotify.com/show/41TtLE0AKsokP5XBbSoLwe
I wish a pound coin was still worth a pound of gold.
🇺🇲👍
I hope BTC gets hyper deflation when the nocoiners show up in a few years.
Thanks for the history lesson Guy! Cheers from Hungary! Need some practice on pronouncing “pengő”, but you nailed “forint” 😉 Love and hugs to you and the team! Keep the quality content coming!
12:18 no more taxes, you say? 😏
Beautifully stated. All fiat currencies are ponzi schemes designed to keep banks in charge and the uber wealthy in charge of banks. Remember, all currencies are IOUs. They have zero value. Have a look at Mike Maloney"s 7 part series "The Hidden Secrets of Money" for a more in depth analysis but this short 23 minute video by Guy gets right to the point. Well done.
Can I get retail rights in India 🇮🇳 for your merch? Awesome 😎 guy
Real education, Thanks!
I love crypto especially monero, but one question is if fiat fails and becomes worthless all around the world how would we value crypto since we directly compare crypto value to fiat, there's no circular economy
Wasn’t the biggest fan of history class in high school but this was very interesting, felt relevant, and I learned a lot. Thanks Guy
We work
They take
I am Hungarian, so learning about our own nation stupidity was very entertaining and sad to be honest. But thank you. Great content as always.
Inflation is the governments' way to make the population pay the bills for their mistakes without the people realising.
Well, that definitely looks promising for Fiat currencies. Printer go brr
Underlying utility… Very important… Why not hoard XRP with its superb focus on replacing the old SWIFT system?
Everything this guy just said is FUCKING FALSE. Fact is — every time any Govt EVER goes on a Gold Standard — when there is an emergency like WAR — the first thing they do is to go off the Gold Standard. WRONG — TRAITORS KEPT TABS ON EACH OTHER — they did not pay gold or silver (wasn't enough of it around — duh?). This IDIOT REPEATS a BIG FAT NARRATIVE. More LIES ABOUT WEIMAR — complete lying bullshit.
Historically Fiat has a 100% failure rate. 0:05–0:25
How's inflation in your country?
Its OVER 9000%!!!
Guy, fiat money is made out of paper, cotton or plastic with nothing or any commodities backing its value but it’s only backed by the shear tyranny, brute force and violence of the state printing the fiat money, to ensure is sole authority and acceptability for trade and storage of value in that society.
Then we go to gold standard btc is a joke , IT whill a stable coin Banks whill have own blockchain not btc OR eth OR Any crypto
I live in Zim and remember going through that. Crypto is the future.
bitcoin alone can solve inflation, government evil intentions, companies creating viruses and forcing us paying for their vaccine by using government to make it mandatory
bitcoin is so powerful it can even stop many wars from happening
for example if we had btc instead of usd, government couldnt print more to buy vaccines, therefore they could not force us all to take a vaccine that was made just for profits
Good job sir
Venezuela???
Grew up in Yugoslavia (Jugoslavija) and worked as a police officer 1993-1995. Lived through the inflation where my MONTHLY salary was $2 (TWO) USD. I don't wish those times to the worst of the enemy.
313 000 000 % ! unfathomable
This is true historical lesson!
Guy thank you so much for the history lesson, coming from someone who just have grade schooling, the bottom line is that I do believe cryptocurrency is the answer from all this financial problems that we have especially like you said it's there is a problem when you have a limitless printing ability that correlates to war and that's a very good collateral comparison I do believe Bitcoin is the answer but it doesn't cease to amazed me how the emotions of people play the biggest part in finances, if it's going to succeed or not because emotions rules and that's the biggest problem.
Love your content bro
Excellent history lesson! Thank you for continuously providing such high quality content.
I love this clip – educate me in financial education – I know more about fiat in a bigger picture. Very refreshing. As always, great thanks Coin Bureau !
Very informative. I do not believe that crypto will be the end of inflation or the answer to our financial woes. A loss of electric will result in the inability to access the digital currency. Unless the currency is backed by something of intrinsic value it cannot be a the end all , be all, as a fully stable currency. That being said, I do feel that crypto has a place in the economy, if nothing else as a way to diversify or be a value add in the case of the of unstable fiat centralized banking currencies and financial policies.
I like the unbiased professionalism and eloquent speaking this channel is presented in. Keep it coming!
The mutable and immutable properties, and the communities crypto can form certainly makes things far more interesting for financial exchange