The Ultimate Money Mess-Up: How Governments Killed Good Money (A Guide to Money: Part 3)

PART 1: THE BIG SWITCH
Okay, get this: In 1914, something WILD happened:
- World War I started
- Countries needed money for war
- They were like "what if we just... print more?"
- Governments abandoned gold as money
- Started using paper money instead (people had no choice!)
The Plot Twist:
- NO government money started from scratch.
- They couldn’t persuade people to "just trust them".
- They all started by promising gold/silver for paper.
- Then were like "sike, we're keeping the gold!"
- Classic bait and switch!
PART 2: THE WAR MONEY SAGA
Here's why WW1 was different from other wars:
- Previous wars: Limited by gold in treasury
- WW1: Just print more money to finance the war (indefinitely)!
- Result: War lasted WAY longer.
- Millions died because money printer went BRRR.
Spicy fact: On Christmas 1914, soldiers literally stopped fighting to play football together! They didn't even want this war - it was just rich people with money printers forcing them to fight!
PART 3: THE GREAT DEPRESSION DRAMA
The story you learned in school is WRONG:
- They say President Hoover did nothing
- Actually, he did TOO MUCH
- Tried to control prices
- Wouldn't let wages drop
- And he made everything WORSE
The Real Tea:
- People were starving.
- Farmers ended up BURNING FOOD to keep prices high.
- ~25% unemployment.
- All because government controlled money. Big yikes energy.
PART 4: THE MONEY MESS SCOREBOARD
Looking at how government money performed:
- Some countries: Pretty bad
- Other countries: SUPER BAD
- Venezuela: Hold my beer...
Top Money Printing Champions (1960-2015):
- Nicaragua: 480% per year
- Congo: 411% per year
- Angola: 294% per year
- Brazil: 267% per year
- Peru: 198% per year
Even the so-called "good" currencies (like USD) lose value every year!
PART 5: THE HYPERINFLATION HORROR SHOW
Fun fact: Before government money:
- NO hyperinflation ever happened with gold
- NO hyperinflation with silver
- NO hyperinflation with seashells
- Even those beads died slowly
But with government money:
- 57 hyperinflations since WW1!
- Entire economies destroyed
- People's savings wiped out, countless lives ruined!
- Entire countries ruined
- All because money printer went BRRR.
PART 6: WHY THIS IS STILL HAPPENING
Governments keep control through:
- Making you pay taxes in their money (reality check: they’re slowly stealing from you)
- Controlling all the banks
- Making other money illegal
- And STILL keeping tons of gold just in case (sus...)
Plot twist: Central banks own MORE gold now than during the gold standard!
- Like, why do they need it if their money is so great?
- And you bet they’ll start hoarding Bitcoin once they realize it ain’t going anywhere.
THE BOTTOM LINE
The Real Problem:
- Government money depends on trust.
- Politicians can't resist printing more.
- No natural limits (unlike gold).
- Always ends badly.
- But they keep doing it anyway.
- This makes the rich richer and the poor poorer as they print money and put it mainly in their own pockets.
Think about it:
- In 2003, Iraq's central bank got destroyed.
- Their money actually got MORE valuable because nobody could print more.
- That's literally all it takes!
SPICY BONUS FACTS
- Central banks still hold 33,000 tons of gold (they know what's up, and they’ll soon start hoarding Bitcoin for the same reason)
- The US dollar lost 96% of its value since 1971
- India banned some of its own money in 2016 overnight
- Government money only works because they force you to use it
- The Swiss kept good money until 1936 (Swiss gonna Swiss)
Next time someone says "we need the government to control money," remind them about those 57 hyperinflations! Like, how many more economies need to collapse before we learn? 🤷♀️