How Currencies Start- and Why They Fail

How Currencies Start - and Why they Fail

Heresy Financial:  4-23-2023

How do currencies start? And why is it that they always seem to fail?

Now, any time we have a conversation about things like this, it is important to get definitions straight.

So, what do I mean by currency? And is it different than money? Well, the short answer is yes. But many people disagree about what makes up the difference between these two things.

Timecodes

0:00 Introduction

1:10 The Origin of Money

2:37 Downsides of Using Gold as Money

5:12 Banking as a Solution to the Problems of Gold as Money

8:33 The Rise of Central Banking

12:26 The Emergence of Fiat Currency

https://www.youtube.com/watch?v=BRbIW-dx7jw