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9 mindblowing facts about money...

Posted by x (aka dmuck) Oct 16 '13, 05:52

including:

--China invented every major form of currency

--The average life expectancy for a fiat currency is less than 40 years, and even reserve currencies like the u.s. dollar have historically had limited lifespans

--81.5% of all money created through quantitative easing is sitting there gathering dust … instead of helping the economy.

and more (www.ritholtz.com)

Responses:

1 less interesting fact: After reading this article, I understand* the concept of "fiat money" - prayformojo Oct 16, 06:05 1
- it's a fiat idea. it's based on nothing of substance, but that's ok!.....nm - x Oct 16, 06:11

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9 mindblowing facts about money...

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