The 3rd generation of industry will be:

- AI artificial intelligence industry, which helps the economy grow quickly and strongly, but reduces jobs, leaving many people unemployed.

- In terms of currency, it must be online payments, electronic currency transactions, why should you read this article to understand where the hidden value is inside a country's currency? is what Crypto is

After Germany's World War II, their country was bombed with many things, people still tried to produce, but they still had no money to use, so the exchange of goods basically stopped.

Germans didn't have any money to trust, so they traded groceries and set the exchange price.

For example, Rindfleisch canned meat in 1944, even bottles of Coca-Cola when still contained in glass bottles, were also used to refer to other items such as this bag of rice, calculated = how many bottles.

In the end, people chose the American-made Camel brand "Camel Cigars" as their currency of exchange, because:

- This cigar is very light and can be carried around for exchange.

- Can be divided into packs or individual cigarettes for pricing.

- This product has not been produced in Germany outside of the US, so there will be no fake products.

Pay attention to these 3 important points, turning cigars into currency.

"Credit - divisible - and cannot be counterfeited"

On June 20, 1948, Germany officially ended the domestic cigar currency after 3 years.

The German government issues new German Marks, and old coins can be exchanged for new ones, but the government has used the following trick of limiting the exchange rate:

- No matter how many old Marks you have, you can only exchange them for new Marks equivalent to 25 US dollars/time. This means everyone lost all their money

- The New Mark can be exchanged for 25 US dollars, which means this money is backed by dollars, so it has value.

- At first, people did not believe in the new Mark, so they had to exchange it for US dollars, so on the first day 45 Marks could be exchanged for 1 US dollar.

- But anyone can exchange for US dollars, so they no longer lose confidence, and at the end of the day the price of the Mark increased, converting 10 Marks to 1 US dollar.

Because everyone confirms that this new Mark has credit, it can be converted into dollars at will.

Very quickly and very quickly, all the old Marks were no longer there, they were quickly exchanged for new Marks and the new Marks continued to increase while anchored to the Dollar.

The above lesson is extremely good for those who do business and make a living in this financial life

"Know how to take advantage of standing above a few giants, instead of fighting against them"

All stores in Germany quickly sold more goods because they had a payment currency,

Everyone is racing to sell quickly so they can exchange their goods to hold new Mark money, which is increasing in value over time when converted into dollars.

All goods are circulating, meaning V in M ​​x V increases, the government collects a lot of taxes, people have jobs, businesses want to develop more, proactively apply for loans...

From June 1948, after Germany carried out monetary reform, by 1950 the German economy began to take off.

At that time, there were 10 million industrial workers who fled to West Germany to make a living. There were many people and created a lot of wealth, so after the war, the German economy quickly rose to the level of the world.

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