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 Potosí Silver Scandal: How Fraud Destroyed the Spanish Empire
The Timeless Investor Show
19 minutes
1 month ago
The Potosí Silver Scandal: How Fraud Destroyed the Spanish Empire
Send us a text What happens when the world's most trusted currency becomes worthless overnight? Not through war or conquest, but fraud so massive it brings down an empire. This is the story of the Potosí mines scandal - how Spanish officials debased silver coins, stole billions, and destroyed the foundation of global finance in the 1600s. The Spanish Empire went from controlling 25% of the world to defaulting repeatedly, all because trust in their currency collapsed. But this isn't just ancie...
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...
