Forced Inflation as a tool for War (🇫🇷 edition) \ stacker news ~bitcoin

Forced Inflation as a tool for War (🇫🇷 edition)

2767 sats \ 9 comments \ @2minutebitcoin 17 Sep 2023 bitcoin

🇫🇷💵 TIL: Around 1958, the recently independent Guinea wanted to print its own currency.

France, being against it, counterfeited high-quality bills and flooded the market, causing the currency to collapse.

This forced Guinea to join the French-controlled CFA franc-zone.

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31 sats \ 0 replies \ @satoshi_in_the_classroom 18 Sep 2023

This can't be real.

Except it likey is.

1 sat \ 0 replies \ @locomancell 18 Sep 2023

Fiat as a tool for control... Next, CBDCs 🧐

0 sats \ 0 replies \ @PlebeiusG 3 Jan

I don't think this is historically accurate.

0 sats \ 0 replies \ @Sasquatch 18 Sep 2023

The French start wars to keep the CFA alive in Central Africa. This was colonization all along. The U.S. does it to the rest of the world.

0 sats \ 0 replies \ @fm 18 Sep 2023

there are several examples of this kind of attack.. business as usual.. sad..

0 sats \ 0 replies \ @SpaceHodler 18 Sep 2023

Everybody has the same rights, and therefore there is no such thing as counterfeiting. There are only shitcoins, which can be printed into oblivion by whoever is physically able to.