Wow, US Dollar Lost 97% of His Value
The history is there to guide us as a human race, and we need to learn from the past or otherwise we will commit the same mistakes continually.
Empire collapsed from printing too much money and diluting the value in minted coins. This article made me cry inside because people work hard to acquire it and hope to exchange it for something else in the future.
This article is really great!
The complete story:
Source: http://www.goldtelegraph.com/failure-fiat-currencies/
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So I saw the headline and freaked out. Not read the full article but I know lots of civilizations and economies have fallen or collapsed. Even when we go full digital we’ll find a better way, just like crypto is better than paper...
Although I would still prefer little pouches of gold. Old school.
Gold is a good investment also, you can diversify your portfolio.