Send us a text In 1790, revolutionary France thought it had solved its financial crisis by printing a new kind of paper money — the Assignat — backed by confiscated church land. Within five years, it destroyed the French economy, vaporized the middle class, and set the stage for dictatorship. In this episode, Arie Van Gemeren breaks down the world’s first great fiat collapse — how the Assignat began as “secured money” and ended as worthless paper — and what it teaches investors about modern i...
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Send us a text In 1790, revolutionary France thought it had solved its financial crisis by printing a new kind of paper money — the Assignat — backed by confiscated church land. Within five years, it destroyed the French economy, vaporized the middle class, and set the stage for dictatorship. In this episode, Arie Van Gemeren breaks down the world’s first great fiat collapse — how the Assignat began as “secured money” and ended as worthless paper — and what it teaches investors about modern i...
The Kipper & Wipper Crisis: History's Forgotten Financial Catastrophe
The Timeless Investor Show
25 minutes
2 months ago
The Kipper & Wipper Crisis: History's Forgotten Financial Catastrophe
Send us a text 1621. The Thirty Years War is bleeding German treasuries dry, and desperate princes discover what seems like the perfect solution: improve their coins by making them cheaper to produce. What could go wrong? Everything. In this deep dive into one of history's most overlooked financial disasters, we explore how professional coin clippers called "Kipper & Wipper" accidentally created Europe's first hyperinflation crisis, crashed international trade, and taught the world lesson...
The Timeless Investor Show
Send us a text In 1790, revolutionary France thought it had solved its financial crisis by printing a new kind of paper money — the Assignat — backed by confiscated church land. Within five years, it destroyed the French economy, vaporized the middle class, and set the stage for dictatorship. In this episode, Arie Van Gemeren breaks down the world’s first great fiat collapse — how the Assignat began as “secured money” and ended as worthless paper — and what it teaches investors about modern i...
