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Lessons On FIAT
Based on past information, there is no historical precedence for a fiat currency to be successful to hold it’s original value. Twenty percent failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other outcomes.
Fiat currency does have an expiry date of 27 years, with the shortest life span being one month.
In this lesson I will go over a few FIATS that were used in the past and how many of them were not successful.