I couldn’t get the video to open earlier. I’m watching now. I’ll touch base with you later. Interesting that I was just in Kazakhstan. I’m always thinking about surveillance even though I’m just a tourist in most places. The immigration officers give out SIM cards for your phone and welcome you when you arrive telling you it’s important to have the SIM card installed in case of emergency. I found that highly suspect but maybe I’m just paranoid. Back to the video. I know Stephan too by the way!
Everyone wants a mulligan, a reset, a reboot, to start over, a chance to do it better, and why not? We all deserve second chances, right?
So do Fiat Currencies. Over 750 fiat currencies have failed since 1500. Guess what? It's not getting better; it's getting worse. Over 600 failures have occurred in the past 124 years, about Five Currencies per Year.
This number comes from academic and economic research, including data compiled by Monetary Historian Mike Maloney, organizations like the DollarDaze project, Wikipedia’s list of historical currencies, and studies cited by economists like Steve Hanke.
Most failed currencies were in circulation for less than 50 years before becoming worthless due to:
Hyperinflation (Counterfeiting)
War (Counterfeiting)
Loss of confidence (Counterfeiting)
Government collapse (Counterfeiting)
Currency redenomination or union (e.g., Euro adoption) (Magic)
Notable Examples:
German Papiermark (1920s) – destroyed by hyperinflation.
Zimbabwe Dollar (2000s) – reissued multiple times; ultimately abandoned.
Venezuelan Bolívar – still technically active but has undergone several redenominations due to hyperinflation.
French Assignat (1790s) – failed during the French Revolution.
Soviet Ruble – dissolved with the USSR.
Conclusion:
Fiat currencies, being unbacked by commodities and dependent on government trust and monetary discipline, have a long history of collapse. Historically, the average lifespan of a fiat currency is about 27 years.
Era and Approximate Number of Failures:
1500–1799 30–50
1800–1899 100–150
1900–2024 600+
Thanks. I am. Looking forward to the weekend. Have a good one!
Good morning everyone.
Unbelievable wow
GM everyone!
Getting some really great comments on the most recent podcast.
Thanks for all your work here nostr:npub1gu47n7fxfm4py48jktmu6tdqcvva4e87fntynuzzf62zxnw2e7tsc6907g and nostr:npub1vzjukpr2vrxqg2m9q3a996gpzx8qktg82vnl9jlxp7a9yawnwxfsqnx9gc
Excellent content. Thank you!
Amazing. I love it.
Good morning everyone!

