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I don't see anyone arguing that there have been fewer than 6 world reserve currencies in recorded history and plenty that say more. No idea where you're coming
by toolz 3y ago
I don't see anyone arguing that there have been fewer than 6 world reserve currencies in recorded history and plenty that say more. No idea where you're coming up with at most three.
- dragonwriter 3y ago> I don't see anyone arguing that there have been fewer than 6 world reserve currencies in recorded history and plenty that say more Name six and the time period during which each was the global reserve currency. (Not that six would be enough for history to be “littered with” examples anyway, but...)
- toolz 3y agoWell firstly global in this context just means that most financial authorities held the currency as a reserve, which for a lot of history I believe mostly only european countries had centralized financial authorities. So we're talking about european reserves for much of history. With that said: florentine florin venetian ducat portugese real spanish real dutch guilder french livre british sterling USD to name 8 everyone is capable of deciding if changing reserve currencies every ~100 years is "littered" or not, but it easily passes as being commonplace in my opinion when you're talking about a millennia of history.
- deleted 3y ago[deleted]
- smcl 3y agoOh nice work! And the failed ones were all global reserve currencies as we would recognise them today ... right?
- toolz 3y agoHappy to give a response if you'd like to argue your point, but otherwise this just seems like a snarky comment for sake of being snarky on the internet.
- smcl 3y agoMy point is really well established. Many real currencies, some failed. Many cryptocurrencies, most failed. The "snark" appears to be required to actually drive the point home. I don't care if you want to argue your point.