Slowly, but surely, we have been conditioned into thinking these numbers are normal. Makes sense, right? Humans have a tendency to suffer from recency bias; a cognitive bias that favours recent events over historic ones, where greater importance is afforded to the most recent event. How much is enough, huh? Trillion Dollar Monetary System Our world has never been more in debt than it is today.

Please, read that again. Or, some twelve million, six hundred and seventy five thousand, two hundred years 12,, As governments all around the world continue printing inconceivable amounts of money, finally many people are wising up and asking themselves, what the hell is going on? Is this sustainable? There are hundreds of examples of fiat currency collapses throughout history. Take a look at this list of over confirmed collapsed currencies. Most occurred in the 20th Century alone.

For those of us fortunate enough to have been born and raised in a developed country, we have no idea what a hyperinflationary event looks like. Venezuela ended up in a similar situation when their local currency the Venezuelan Bolivar rapidly devalued until it was rendered completely worthless, save for a few entrepreneurial citizens who turned this paper money into things considered more valuable than the money itself, such as bags, artworks, and toilet paper.

A surreal symbol of a failed economy thanks to an all too loose centrally planned economy. Right now, in the 21st century, every single national currency around the world is really not that different to any of the hundreds of other fiat currencies that have experienced significant devaluation and collapse over the last years or so. Because the dollars in your bank account are no longer backed by anything other than the implicit threat of violence, there is absolutely no constraint to how many trillions of dollars that a government can print, either physically or digitally.

If printing money always ends up the same way, why do governments continue to engage in patently proven to be flawed monetary policy? Become an Amber Affiliate and start earning rewards! Unlike the un-rarified air of billions and trillions that fiat floats on, Bitcoin rests scarcely and soundly on an immutable bedrock of 21 million.

More importantly, the portion of that supply that we store our monetary energy in cannot be arbitrarily debased by anyone, ever. For other uses, see Billion disambiguation. A billion is a number with two distinct definitions: 1,,, , i. This is now the meaning in all English dialects.

This is one thousand times larger than the short scale billion, and this number is now normally referred to as one trillion. This is the historical meaning in English with the exception of the United States , and was still in official use in British English until some time after World War II.

It is still in use in many non-English-speaking countries where billion and trillion ten to the eighteenth power or equivalent words maintain their long scale definitions. American English adopted the short scale definition from the French it enjoyed usage in France at the time, alongside the long-scale definition.

Milliard, another term for one thousand million, is extremely rare in English, but words similar to it are very common in other European languages. Thus for these languages billion is a thousand times larger than the modern English billion.

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