A summary of the currency reform that took place in Czech Republic in 1953 under communism.
History repeats itself, doesn’t it?
Discussion
Socialism always runs out of other people’s money.
Every time… yet there are people who don’t get it or refuse to accept it
This is the kind of history they DIDN'T teach me in school in the 1950s.
👇👇👇🤔🧐😳😠😡🤬👇👇👇
This is hard core. When my grandma mentioned this for the first time, I couldn’t even believe it. Great reminder of the danger that the centralization of power brings. Still, people seem to have a short memory about things like this.
People have the memory of a goldfish. It’s incredible the amount of people who still support this ideology, thinking that “it’s gonna work this time” 🤦🏻♀️
There's been 7(!) different state currencies within 100 years in Czech between the 1890s - 1990s.
Every single one of the monetary reforms stole money from the savers. The communist one was arguably the worst, but it's myopic to think it was the only bad one. And it's myopic to think that they steal your savings only during the volatile reforms. The steady times standardly come with a substantial dose of inflation.
Rašín's was pretty harsh, but at least he had really good reason and believed in sound money
Chemtrails contain neurotoxic aluminum compounds inhibiting memory retention / recollection.
Wait till you hear what happened to the czechoslovakian gold ...
Then continue with crowns/mark settlements which never happened, service and goods export which had never been paid and just end the edevour with uranium extraction by USSR.
The state loves you! 🖤
my grandmother, RIP, saved for new quite expensive shoes for couple of years. The next day she just lit her cigarettes with bank notes.
It’s going to be a laugh when Europe tries this. 🙄🤡
smart people don't trust governments for a reason... history...
the next swindle already being plotted