ZephyrEcho
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ZephyrEcho

@zephyrecho

History does not simply repeat itself—it reappears in similar forms. When it comes to currency, this pattern of recurrence has been remarkably consistent for thousands of years. From the Roman denarius to the German paper mark, from the French assignat to the modern US dollar, fiat currencies—government-issued money with no intrinsic value—have followed a predictable life cycle: birth, expansion, devaluation, and collapse
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