Keep the cash in TEOTWAWKI.
Posted: Sat Apr 19, 2014 12:33 pmBeen learning about China and monetary history.
With the pictures of Weimar German money being used for fire fuel in the 1920's I presumed once cash was worthless it would be good for fire fuel.
During the Ming Dynasty, China issued paper money. That same paper money remained in circulation for 200 years. During that time there was no redeeming it for metal, and it had no intrinsic value. People still trusted and used it.
China has used paper money and copper cash for millennia so when no paper money was being issued people held it dear. Between the Ming Dynasty and British rule was the time in Chinese history that copper, silver and gold circulated. Zhu was influenced by western powers. The books I am reading indicate they were really glad to get back to paper in the 1800's.
Zimbabwe notes were printed into oblivion. In 2008 you couldn't get a cup of coffee for one hundred trillion dollars, but now the value is going back up.
The dollar bill will be worth less in the future, but people will still trust these dead presidents at least for a while.
With the pictures of Weimar German money being used for fire fuel in the 1920's I presumed once cash was worthless it would be good for fire fuel.
During the Ming Dynasty, China issued paper money. That same paper money remained in circulation for 200 years. During that time there was no redeeming it for metal, and it had no intrinsic value. People still trusted and used it.
China has used paper money and copper cash for millennia so when no paper money was being issued people held it dear. Between the Ming Dynasty and British rule was the time in Chinese history that copper, silver and gold circulated. Zhu was influenced by western powers. The books I am reading indicate they were really glad to get back to paper in the 1800's.
Zimbabwe notes were printed into oblivion. In 2008 you couldn't get a cup of coffee for one hundred trillion dollars, but now the value is going back up.
The dollar bill will be worth less in the future, but people will still trust these dead presidents at least for a while.