Here are some interesting points from a study of over 775 fiat currencies.
- Shortest life span: 1 month
- Average life span: 27 years
- Longest life span: 317 years (pound sterling). However, the pound sterling has lost 99.5% of its original value.
So, what happened to these currencies?
- 20% failed through hyperinflation
- 21% were destroyed by war
- 12% destroyed by independence
- 24% were monetarily reformed
- 23% are still in circulation
So… 41% of fiat currencies were destroyed by the very policies NATO countries are undertaking every day? That sounds promising for economic stability and recovery! </sarcasm>