Latest topics
» Office Of PROOFness - ZAP/Jerzy "The Next Lame Excuse"
Yesterday at 11:48 pm by robert18

» UPS AND FED X AND THEIR SPYING
Yesterday at 11:23 pm by PurpleSkyz

» Devil In Details: Parkland Florida School Shooting, Media Actors and Handlers
Yesterday at 7:56 pm by terbo56

» Wi-Fi Devices Increase Mercury Release From Dental Amalgams
Yesterday at 7:52 pm by PurpleSkyz

»  Leading Consciousness Researcher Bridges the Gap Between Science and Real Magic
Yesterday at 7:50 pm by PurpleSkyz

» Dave "the Douche Bag" Schmidt FINALLY SHUTS UP & takes a break from ripping you off!!!!
Yesterday at 7:21 pm by terbo56

» Karen Hudes ~ Network of Global Corporate Control 2 20 18
Yesterday at 7:11 pm by terbo56

» Full Audio Of California / Oregon UFO Incident. (Part 1-3)
Yesterday at 5:31 pm by PurpleSkyz

» How the Shamanic Medicine Iboga Can Resolve and Heal Childhood Trauma
Yesterday at 5:02 pm by Consciousness Of Economic

» Domestication And the Dream of the Planet - The Four Agreement By Don Miguel Ruiz
Yesterday at 4:54 pm by Consciousness Of Economic

» PRESIDENT TRUMP TO OPEN NIXON'S ALIEN ET TIME CAPSULE? DARK JOURNALIST
Yesterday at 1:01 pm by PurpleSkyz

» POOFness for FEB 18: NO MAN CAN FIND THE WAR
Yesterday at 12:45 pm by RamblerNash

» Cannabis Strains For Bladder Cancer
Yesterday at 12:13 pm by PurpleSkyz

» Antony Sutton, Skull&Bones, bankrolling the enemy by Jon Rappoport
Yesterday at 12:11 pm by PurpleSkyz

» Sound in a Space Vacuum - It's a Miracle!
Yesterday at 11:18 am by PurpleSkyz

» Scientists Reverse The Age of White Blood Cells In A Female Human Being
Yesterday at 11:13 am by PurpleSkyz

» Jeff Rense & Tony Ghepardo - Stunning New Revelations About Deadly GMOs - Pt 1&2
Yesterday at 10:47 am by PurpleSkyz

» The End of the Great Fraud Begins Here and Now by Anna von Reitz
Yesterday at 10:36 am by PurpleSkyz

» Water Anomaly - Bartlett Lake disappearing - Unrecognizable
Yesterday at 10:11 am by PurpleSkyz

» UFO News ~ Footage of UFOs Attacking each other over Nevada plus MORE
Yesterday at 10:07 am by PurpleSkyz

» NIBIRU News ~ Planet X/Nibiru Easily Visible from Mexico plus MORE
Yesterday at 9:54 am by PurpleSkyz

» David Icke interviewed on the Vin Armani Show (Parts 1,2&3)
Yesterday at 9:30 am by PurpleSkyz

» DISEASES WITH UNKNOWN ETIOLOGY TRACE BACK TO MASS VACCINATION AG
Yesterday at 9:27 am by PurpleSkyz

» Sirius is Dog Star and brightest star
Yesterday at 9:22 am by PurpleSkyz

» Q is Back with NEW information #ANON @potus
Yesterday at 7:06 am by LadyDragon

» MORE POOPNESS - INTERNATIONAL HANDS
Yesterday at 1:36 am by robert18

» " DOGS OF WAR " ( SSP Whistleblowers )
Yesterday at 12:59 am by PurpleSkyz

» OPERATION GLADIO C: Government-Sponsored Domestic Terrorism Targets American Public Schools
Yesterday at 12:35 am by PurpleSkyz

» David Wilcock (Feb 20, 2018) - Disclosure, Cabal's Defeat, Ancient Aliens & Inner Earth
Yesterday at 12:32 am by PurpleSkyz

» Canadian City Has Been Plagued by a Mysterious Noise for Over Eight Years, and Nobody Knows What’s Causing It
Yesterday at 12:29 am by PurpleSkyz

» Singing Whale Sounds 8Hrs, for Deep Relaxation, Sleep or Stress Relief
Yesterday at 12:25 am by PurpleSkyz

»  Astronaut caught trying to hide UFO near ISS on Live Stream
Yesterday at 12:13 am by PurpleSkyz

» Office Of PROOFness - ZAP/Jerzy "The Solution Is At Hand!" #7 "The Pony Express Today"
Yesterday at 12:12 am by RamblerNash


You are not connected. Please login or register

Out Of Mind » DINARIAN SCAMTASTIC NEWS » RV/GCR, GURU CHATTER & NESARA INFO » Average Life Expectancy For A Fiat Currency Is 27 Years

Average Life Expectancy For A Fiat Currency Is 27 Years

Go down  Message [Page 1 of 1]

PurpleSkyz

avatar
Admin
Average Life Expectancy For A Fiat Currency Is 27 Years

Posted on October 20, 2014 by Deus Nexus Leave a comment

Every 30 To 40 Years The Reigning Monetary System Fails And Has To Be Retooled

Reposted from: Washington’s Blog | 2 August 2011
David Galland notes:
Monetary scholar Edwin Vieira … pointed out that every 30 to 40 years the reigning monetary system fails and has to be retooled. The last time around for the U.S. was in 1971, when Nixon cancelled the convertibility of dollars into gold. Remarkably, the world bought into the unbacked dollar as its reserve currency, but only because that was the path of least resistance. But here we are 40 years later, and it is clear to anyone paying attention that the monetary system is irretrievably broken and will fail.
What will replace it is still unclear, but I suspect that when the stuff really hits the fan and inflation rages the government will try the approach taken by the Germans to end their hyperinflation back in the 1920s, coming up with the equivalent of the Rentenmark – a dollar that is loosely linked to some basket of commodities and financial instruments. It won’t be convertible, because it would be impossible for bank tellers to exchange your dollar for a cup of oil, and a coupon off of a bond, and a chip of gold, or whatever makes up the basket – but it might restore some semblance of confidence in the currency. That’s one option. Another is that some government decides to make its currency convertible into precious metals; but that will only happen when all other less fiscally restraining systems have been floated and failed. Simply, at this point we can’t know what will replace the current monetary system, or when. All we can know is that the status quo cannot and so will not survive this crisis.
Regardless, between now and the point in time where the Fed throws in the towel on today’s fiat monetary system, you would have to be naïve in the extreme not to expect volatility, uncertainty, and wholesale financial dislocations.
Chris Mack writes:
According to a study of 775 fiat currencies by DollarDaze.org, there is no historical precedence for a fiat currency that has succeeded in holding its value. Twenty percent failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other outcomes.
The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it’s worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value.
Given the undeniable track record of currencies, it is clear that on a long enough timeline the survival rate of all fiat currencies drops to zero.
And Jeff Clark points out:
History has a message for us: No fiat currency has lasted forever. Eventually, they all fail.
BMG BullionBars recently published a poster featuring pictures of numerous currencies that have gone bust. Some got there quickly, while others took a century or more. Regardless of how long it took, though, the seductive temptations allowed under a fiat monetary system eventually caught up with these governments, and their currencies went poof!
You might suspect this happened only to third world countries. You’d be wrong. There was no discrimination as to the size or perceived stability of a nation’s economy; if the leaders abused their currency, the country paid the price.
As you scroll through the currencies below, you’ll see some long-ago casualties. What’s shocking, though, is how many have occurred in our lifetime. You might count how many currencies have failed since you’ve been born.
So what’s the one word for the “thousand pictures” below? Worthless.

Yugoslavia – 10 billion dinar, 1993

Zaire – 5 million zaires, 1992

Venezuela – 10,000 bolívares, 2002

Ukraine – 10,000 karbovantsiv, 1995

Turkey – 5 million lira, 1997

Russia – 10,000 rubles, 1992

Romania – 50,000 lei, 2001

Central Bank of China – 10,000 CGU, 1947

Peru – 100,000 intis, 1989

Nicaragua – 10 million córdobas, 1990

Hungary – 10 million pengo, 1945

Greece – 25,000 drachmas, 1943

Germany – 1 billion mark, 1923

Georgia – 1 million laris, 1994

France – 5 livres, 1793

Chile – 10,000 pesos, 1975

Brazil – 500 cruzeiros reais, 1993

Bosnia – 100 million dinar, 1993

Bolivia – 5 million pesos bolivianos, 1985

Belarus – 100,000 rubles, 1996

Argentina – 10,000 pesos argentinos, 1985

Angola – 500,000 kwanzas reajustados, 1995

Zimbabwe – 100 trillion dollars, 2006
For background, see this and this.
 

Thanks to: http://deusnexus.wordpress.com



  

bs4ever

avatar
The "British pound" did not officially exist until 1971 when treasonists adopted an unwanted decimal system through deception. Until then it was, and will remain after Scotland leave the union the English pound.
This was derived from the Roman.

The devaluation was all to do with paying for two world wars and Washington's fear the former Empire would rise from the ashes so it had to be kept down. Between Washington and Brussels with some help from apatchniks in Parliament this has worked so far....long after the euro and the dollar are discredited the pound will still be around



"आप सिर्फ यह है आप नहीं था क्या मतलब है यह देखने के लिए किया था"

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum