Our World History episodes
Episode: Potential Collapse of Modern Financial System

Episode: Potential Collapse of Modern Financial System

Explore the potential for the collapse of the modern financial system by delving into its historical roots and inherent flaws. Discover the evolution of money from bartering to the gold standard, the rise of paper money, and the emergence of modern banking and fractional reserve banking. Understand the transition to fiat currency in the 20th century and its implications. Learn from historical examples like Weimar Germany, Zimbabwe, and the 2008 financial crisis. Assess the sustainability of the present financial system and consider alternatives like cryptocurrencies. Gain insights into diversifying investments, reducing debt, and enhancing financial literacy to prepare for possible financial instability.