Comment: Look at paper-money history. Value disappears by & by.

(See in situ)


Look at paper-money history. Value disappears by & by.

Mean-time-to-failure is ~ 38 years. Cataclysmic failure = 100% lost value. United States Dollar as Fed Notes has lost 94% of its 1913 value. Purchasing value in the village market.

Exceptions are few are far between.

  • Pound Sterling ~ 300 years +/- a few decades...
  • Swiss Franc ~ 130 years...
  • US Federal Reserve Note (aka: US Dollar note) ~ 99 years...

From memory. Don't recall exactly. The British Pound Sterling is hearsay. Approximately 150 paper-money rackets came & went by & by.

Central Banks Committing Chomos? 05/26/2011

Fine print: Author is not practiced in the art of banking. Did not graduate from grammar school. Spotty employment record.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul