QUOTE(JohnsonLoi @ Feb 12 2021, 09:29 AM)
Everything comes with risk.
To make money have to take risk, or you can play save and keep your money in saving account.
Now I don't even know if fiat will be safe anymore. Keep printing to infinity and lose value. I am more confident of using BTC as my savings account
It wont print to infinity, zoom out and look back who is on the other side of trade, and how does that person make money
its a boiling frog that has been going for so long so many centuries
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Mesopotamia, c 3000 BC: 20%
Babylon, Code of Hammurabi, 1772 BC: codified earlier Sumerian custom of 20%.
Persian conquest (King Cyrus takes Babylon), 539 BC: rates of 40+%.
Greece, Temple at Delos, c. 500 BC: 10%
Rome, Twelve Tables, 443 BC: 8.33%
Athens/Rome: circa the first two Punic Wars, 300-200 BC: 8%
Rome: 1 AD: 4%
Rome, under Diocletian, 300 AD: 15% (estimated)
Byzantine Empire, under Constantine, 325 AD: limit 12.5%
Byzantine Empire, Code of Justinian, 528 AD: limit 8%
Italian cities, c. 1150: 20%
Venice, 1430s: 20%
Venice, (Leonardo da Vinci paints "The Last Supper in Milan), 1490s: 6.25%
Holland, beginning of the Eighty Years' War, 1570s: 8.13%
England, 1700s: 9.92%
US, West Florida annexed by the US, 1810s: 7.64%
US, circa World War II, 1940s: 1.85%
US, Reagan administration, 1980s: 15.84%
US, Fed does not hike rates in September, 2015: 0-0.25%
we are living in an interesting time, enjoy the show while it lasts
Feb 12 2021, 08:59 AM
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