Yes, it happened in my own country. When every country was changing to the Euro in Europa. The "gulden"was switched for the euro. This was also because the coin was decreasing in value. So we could switch 2 gulden for 1 euro back then. But now it would be 15 gulden for 1 euro. But every article is written in the dutch language. So hard to find an english one mate.
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Thanks for looking for an article. I would be most interested to see examples from history involving the reserve currency of the world at the time.
The euro creation predates my economic fetishism by a few years so would be good for me to study how it went down.
Yeah, you can't predict the future, but if the US would get in financial trouble with the USD. This is what they could do.
Just create a "USD The Second" and trade that to the public against 1:1 and name that as the new paying system. So they can pay off all their debt with the new dollar. Because their debt is in the old dollar and the old dollar would massively decline in value. So this way they can start all over again.
Numerous of things that can happen just explained on of them to show you how easy it excatly is for the goverment. And no one loses their wealth this way.
Incredibly optimistic my friend
Mmm maybe its just my personal opinion mate ;)
Ya that’s all we got! Have to wait for time to give us the real scoop
Interesting concept how did you come up with that?