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Believe it

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We Are Living Through The Scariest Economic Experiment In History Right Now and No One Knows It

  - 11:13

Many countries around the world have, on paper...seemingly recovered from the economic collapse that occurred last year. Unemployment rates are getting closer to normal, the number of business bankruptcies has hit a 2 year low, and the stock market is at an all time high? On the surface, this seems great. But in reality, we are actually going through the biggest and scariest economic experiment in history. An experiment which could help bring us into a golden age of a new kind of economy...or it could bring us into a new dark age that the world has never seen before. In the 7th century in China, copper coins were used as the main currency for chinese merchants. But these merchants at the time, began running into a problem. You see, these coins were quite heavy and many of them could be used for a single transaction, which was quite inconvenient for carrying around a city. So to combat this problem, Chinese merchants came up with the idea. What if they just deposited these heavy coins with a person or business, and received a piece of paper called, a promissory note, or banknote, in return? That way merchants would not have to carry around large amounts of heavy coins all day, and they can be safely stored at a single location. And thus the primitive form of paper money was born, and was implemented throughout the currency system in China. After a few centuries of using this type of currency system, the Chinese government noticed something strange.You see, a copper shortage caused the government to issue more of these promissory notes and less copper coins. And during this time, the government saw a massive boost to its economy, allowing for the government to spend more on things like military and infrastructure. So, they ran an economic experiment that would become very important to what we are experiencing today. The chinese government declared that their new form of paper currency, was considered a public monopoly owned by the government.


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Uploaded 3 years ago  

April 21st 2021  

File Size: 191 MB

Category: How To & Education







1 Comment

Yellowbrickroad

- 3 years ago  

Useless confusion video