Why This Coin Caused Wars and Created Wealth

In 1618, a political conflict in Prague triggered the Thirty Years' War, but the financial fuse for this catastrophe was lit decades earlier. This video explores the untold story of the Joachimsthaler, the silver coin that became the world's first global currency and the direct ancestor of the US Dollar.

We trace the rise and fall of the Habsburg Empire through the lens of their monetary policy. You will learn how the discovery of massive silver mines led to economic dominance, and how the subsequent debasement of the currency caused a total collapse of trust. We break down the mechanics of inflation in the 17th century and explain how "shaving coins" is identical to modern quantitative easing.

Finally, we analyze the disturbing parallel between the 80-year dominance of the Thaler and the current lifespan of the US Dollar as the global reserve currency. Is modern finance repeating the mistakes of the past? This is a case study on the link between money, war, and empire.

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