by Rory Hall, The Daily Coin:
They all share a common thread – lots and lots and lots of worthless paper that the day before was called currency. In Germany, Zimbabwe and Venezuela the same practice was used – dump the worthless currency in the trash bin. In Germany it was not uncommon to stuff currency into the fire pit to provide some warmth. At least it still held some type of value.
Historically in Germany…
Recently in Zimbabwe…
Currently in Venezuela…
Watch this truck dumping its trash.
Which is Venezuelan bolivars…
Hyperinflation destroys everything you have ever worked for! pic.twitter.com/dSpAHxJDPK
— Gold Telegraph (@GoldTelegraph_) 12 December 2018
Just an FYI
The number one reason for economic success is providing for property rights. This is clearly exemplified here. As countries lower taxes and promote other practices to protect individuals’ property- economies explode. pic.twitter.com/JGuWmZuFtY
— Joe Hoft (@joehoft) 13 December 2018
What’s that? – Gold is money. I don’t think there has ever been a case of people stuffing a wood stove or throwing gold into the dump because it was completely worthless – not one time in history has this happened.
Please keep in mind the image of the “dollar” below is merely a representation of money (gold). Odds are very high that you use a debit card for most of your purchases or you push a button on your phone – both of which are an illusion of a representation of money. Once it is understood that the currency used to acquire stuff, or services, is in fact a representation or an illusion, the closer to liberty a person can move.