The Fate of Paper Money – 2009 Analysis Looked at the Fate of 700+ Paper Currencies – 150+ Collapsed in Hyperinflation

The Fate of Paper Money By Mike Hewitt, DollarDaze “Paper money eventually returns to its intrinsic value - zero.” (Voltaire, 1694-1778) Paper Money in Asia The first well-documented widespread use of paper money was in China during the Tang (618-907 A.D.) dynasty around 800 A.D.1 Paper money spread to the city of Tabriz, Persia in 1294 and to parts of India and Japan between 1319 to 1331. However, its use was very short-lived in these regions. In Persia, the merchants refused to recognize