20 Surprising Facts About: Money

20 Surprising Facts About: Money


There are 168 different currencies in the
world and billions of dollars worth on new banknotes are printed every day across the
world. Here’s some of the most amazing facts about money. 1. Before coins were invented in 1500 BC,
people used to trade in all kinds of strange commodities, such as gold, rice, fish, barley,
salt, tea leaves, cows, blood, and even bat guano. In America the word “buck” to mean
money comes from the days when people used to trade various animal skins, including buckskins
as currency. 2. The art of making money is precise and
complex. Each coin has to be exactly the same as the next, so that people accept that they
are worth the same amount of money. Traditionally coins were made by either striking metal between
two engraved dies, or by casting them in moulds. However in the 18th century coins were made
by new steam powered machinery, which greatly increased the number of coins that could be
produced in a day. 3. The production of bank notes however is
a bit money complicated. Originally bank notes were black and white but now almost all of
them are brightly coloured and feature highly complex designs, which makes them harder to
counterfeit but also instantly recognisable as a national currency. 4. In 1923, hyperinflation caused German currency
to lose almost all of its value. It became so worthless that people gave it to children
to play with or even used it as wallpaper. 5. India has a banknote of zero value. They
look exactly the same as other banknotes but are worth exactly zero rupees. You might ask,
what’s the point? Corruption in India is widespread and a major concern. Many government officials
in India require monetary bribes for all sorts of permits and services. The zero rupee banknote
serves an important purpose, it is given to officials who request bribes as a statement
of peaceful non-cooperation. Each zero rupee note bares a declaration that states “I promise
to neither accept nor give a bribe”. It’s sole purpose is to make a statement. Ironically
this makes the zero rupee banknote both valuable and worth absolutely nothing at the same time. 6. In most countries and currencies one pence
pieces cost more money to make than they are actually worth. The US treasury spends 2.41
cents to mint each penny, making a huge loss. Because of this the Canadian government stopped
producing pennies in 2013. 7. The world’s largest counterfeiter of US
currency is North Korea. They produce high quality fakes that the American Secret Service
have nicknamed “superdollars” because they so closely resemble genuine notes. 8. The production of banknotes requires zero
trees, no paper is used at all. All paper currency is made from a custom blend of cotton
and linen, usually around 25% cotton and 75% linen. 9. 90% of US banknotes contain traces of cocaine. 10. Queen Elizabeth II is the queen of currency,
her portrait has graced the currencies of 33 different countries, more than any other
individual in history. Canada was the first country to use the British monarch’s portrait
on their banknotes in 1935, when it printed the, at the time, 9-year-old princess on its
$20 notes. 11. More monopoly money is printed every year
than real money. 12. If you have just $10 in your pocket and
no debts, you are wealthier than 25% of Americans. 13. A cheque is only an instruction to a bank,
it therefore, can be written on absolutely anything, and as long as it has all the necessary
components, it will be honoured by the bank. Cheques have been written on doors, stone
slabs, bananas and even cows. 14. Banknotes are pretty gross. A study showed
that 14% of banknotes contain fecal matter and 94% contain pathogens. Viruses and bacteria
can live on most surfaces for about 48 hours, but they can live on paper money for up to
17 days. 15. Icelanders pay for things using credit
and debit cards more than any other country in the world. 70% of all business in Iceland
is done with plastic, compared to 39% in North America. 16. Australia makes its banknotes from Polymer,
which is a type of synthetic plastic. They last for 2.5 times longer than traditional
cotton and linen banknotes and are surprisingly more eco friendly. They are also harder to
counterfeit. The UK will also be switching to plastic banknotes in 2016. 17. Some coins have grooved ridges around
their edges. They serve little purpose today, but they were originally added in the days
when coins were made from precious metals such as silver and gold. People used to scrape
the edges off the coins before spending them, then sell the precious metals they scraped
off. The grooved ridges were added to stop people doing this. 18. A vast majority of the money in the world
is not physical money, it is simply numbers in the computers of banks. 19. Money which cannot be backed by a physical
commodity such as gold is called Fiat money. Fiat money includes digital funds, paper banknotes
and coins, these kinds of money are only valuable, simply because a government declares it an
official currency. However other non-government backed fiat money can become valuable, just
because there’s a high demand for it, such as the emerging Bitcoin currency, which has
no centralised control body. The only thing that makes Bitcoin and other cryptocurrencies
valuable is the simple fact that lots of people want it. 20. And finally, if all the gold in the world
were melted down into a single square block, it would only be 21 metres on each side.

100 Comments

  1. Delhi NCR Entertainment says:

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  2. Risian says:

    169, you forgot monooly money

  3. Daily Dose of Random says:

    update it

  4. Hadi Ramadan says:

    http://affiliate.iqoption.com/redir/?aff=64350

  5. Tanishq Chakravorty says:

    Let me give you another fact. I have none of it

  6. money guys says:

    Don't call Bitcoin fiat the fuck is wrong with you

  7. a faker says:

    1:27 Turn on subtitles

  8. Estelita Scott says:

    …traces of cocaine.. ? you haven't been around much if you don't know how dirty money is.

  9. Estelita Scott says:

    "Value" is a perception. Marketing plays a very important role in the demand = value of something.

    But I simply don't like the idea of a false sense of demand. With the internet and fake "people " or imaginary identities, how are we to know the difference between a REAL demand and sales propaganda (like when people get free stuff and give reviews saying how they love a product, when in reality, they would never spend their own hard-earned money on such junk). So, short answer is, no to online currencies online. Things are so inflated without any real explanations. Is that not madness? I love a free economy. But, in the hands of evil people, capitalism retains it's bad reputation for marginalizing the disenfranchised poor and even the working class who are enslaved by the rich and extortioned by the lazy poor people. Why should your labour be worthless when you go shopping? Why should you pay so much taxes because heroin addicts need a fix and welfare to fix it? The problem with the "economy" is that oil and water don't mix. Socialism and a free market can't co-exist without one of the economic classes being out-smarted and outclassed.

    Basically what I am sayin is that equality is not fair. It should be survival of the fittest. Our quality of life should be directly proportional to how hard we work. We should reap what we sow. We should be rewarded for our contributions to the "economy". We shouldn't have to have our money devalued at three times the rate at which our salaries increase. We shouldn't have to be burned out and overworked and still go hungry and homeless.

  10. Grim Ŕèaper says:

    easy passive way to earn money!!! just click in the link and register 🙂
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  11. Alex Challoner says:

    yes, his name sounds like fourty two, get over it, fucking hell??

  12. Tyger Voods says:

    My nigga Thotty2 always high af

  13. nirajan syangtan says:

    Hlo

  14. 1ns says:

    How is gold a strange currency?

  15. Christopher Bojorquez says:

    All Fiat Currencys are Robbed by Central Banks With inflation there all dommed to Fail Crypto currinences Are Decentralized and inflation free.

  16. Julian Parsons says:

    ALL of the gold in the world?

  17. James says:

    Everyone's saying they think it sounds like 42, and i'm sitting here talking about how

    SUPA MARIO BRUDDAS 2 WINS IT AGAIN BABYY!
    STILL THE KING!
    STILL!
    STILL THE KING!

  18. Karimah Kinteh says:

    Why is he speaking like that? It is totally freaking me out

  19. Random Account says:

    I was going to try and actually rip the new plastic £5 note just to see if I could and I literally couldn't rip it in half. I'll never have to seller tape a note back together and try to spend it again

  20. dhairya gajjar says:

    there is no 0 rupee note

  21. 1401 productions says:

    0:53 that isn't money it is molten slag

  22. Uğurcan Akkök says:

    1:38 asın bayrakları gençler

  23. PaulXPZ says:

    Romania has had plastic money since 2000. The first plastic(2000 LEI) note was made in celebration of the 2000 solar eclipse. It has since gone out of circulation and has become a valuable collector's item.

  24. zachary iddon says:

    The UK will also be switching to plastic bank notes in 2016……………………ummmmm its now 2017……. they are still cotton and linen…

  25. Nukshi Atsong says:

    earn some extra legit dollars by reading emails and referals. click here http://www.ermail.com/link/lljTaJCcXJJcVelTcN7VTmTlCacTjjjJ

  26. Gabriel Waggoner says:

    Could we all use the same currency if everyone cooperated?

  27. Conner Harrison says:

    https://tinyurl.com/y9x2sfdc money

  28. PhoenixSB5 says:

    5:25 Thoughty says 14 days, the subtitle says 17 days…
    So… I guess i am done with my life

  29. Obi-Wan Kenobi says:

    More Monopoly money is printed than real money it's all monopoly money

  30. Multi Gaming says:

    dafaq is 0 rupee? I have never ever seen it or heard about it neither does my grandparents

  31. jonny blaze says:

    Go Thoughty it's your birthday we gonna party like it's your birthday

  32. vincent yim says:

    The. Trade means bartending

  33. Dalamánek says:

    sources, for gods sake!!!!

  34. Arnav Roy says:

    Who the fuck told you that…trust me bro we dnt have 0 rupee note

  35. DirtyBird760 says:

    90% of us bank notes contain traces of cocaine.. come on that can't be true lol

  36. TheMuscler! says:

    I thought u said 42. ugly ass

  37. milos nikolic says:

    Hey its 42 here

  38. Sagittarius says:

    25% of americans in debt?? Damn..

  39. dope boy says:

    Guys I swear I just got free.$4168.real.money from this amazing website: (just go to)=> http://ppcash.win/?f9RaFH pay

  40. Peter Pao says:

    …money can take away a life easily(debt,hitman,illness),but cannot bring it back!

  41. Peter Pao says:

    21fact…..you need money from the moment you are born to the moment you leave this earth….and beyond!

  42. Lassi says:

    I have zero debts but also zero reason to buy anything.

  43. Ken Heart says:

    The most surprising thing about money is that nobody ever has enough of it

  44. bundycamp says:

    Is it "Thoughty2" or "Forty-Two" ???

  45. Audible Magician says:

    Just got an ad about BitCoins lol

  46. Alexi Harding says:

    I find this so interesting. I love finding out about money. The fact that people traded things such as salt before the introduction of coins and paper money simply fascinates me. Great video!

  47. Epic Shears says:

    He said 14 days but the caption said 17 days lol

  48. Trent- says:

    I only came here for the thumbnail

  49. Matthew Playgames says:

    thoughty 2 or forty-two??

  50. Gubbot says:

    Dunno if this surprises anyone, but money has practically no value to me.

  51. Ruler of clash says:

    Indian note is fake

  52. Chad Muse says:

    Mawwige is what bwings us together today.

  53. Yo Hi says:

    168 currencies! That too many!

  54. Crackly CaDukLe says:

    Bruh, he knew about bitcoin….

  55. Football Paradise says:

    cool

  56. The Real Eugenia says:

    I see many ppl notice the intro ''error''…

  57. warvader09 says:

    Aren't the synthetic plastic money first made in Roumania?

  58. Neil Moulang says:

    Why not just make pennies out of stainless steel coated with copper?
    That's what we've done in Britain for more than 25 years

  59. Siddharth Tripathy says:

    Hey array u really make quality videos

  60. Swedish_Vikings says:

    Hey, Thoughty3 here.

  61. Farendo Wisdom says:

    That Makes it Super-2018 Easy for Anyone to Make Money Online by this time tomorrow…Just search Google, DOLLARINCOMEIDEAS. COM

  62. Rizwan Yousuf says:

    168

  63. Mario D. Zmaj says:

    LOL 15 min add about some scammy shitty pyramid scheme. Seriously youtube, I'd rather have adds for firearms. Time for f5 refresh hackerman

  64. Mini GamerPH says:

    Bonus fact:
    You can subsitute toilet paper
    Wih money!

  65. Matthew Familia says:

    Supernotes not superdollars

  66. HOW ? says:

    20 Interesting Facts About Google That You've Never Heard
    https://youtu.be/HPvN9lMETXo

  67. Bar Aviv says:

    GREAT ACCENT

  68. zwippie92 says:

    In Sweden, for some reason ppl want less coins but at the same time introduce Euro which will give us alot of coins.
    But now, instead of having Euro (which I'm against) we get 1 new coin, which has the doubble value of our least valued coin, it's like a 2 cent coin when we allready have the 1 cent coin. So useless, and the new coins are so small and ofc they got the kings head on them and I think like this.
    The king is like 70 years old or something, we make millions of new coins, all with his head in profile on, srsly he will be dead soon, isn't this just an unnecessary expence. Making new coins when they probably soon will be useless and melted down for new coins.

  69. XelaChrono says:

    I have 42 dollars

  70. contingent exe says:

    So other countries call us the great devil. Yet here is north Korea making super dollar fakes? ?

  71. ILikeWafflz says:

    I don't think I can overstate how much I appreciate how each one of these "x facts about x" videos has a number saying which fact it's on.

  72. Alida Boettcher says:

    All I know about Monopoly is that the cheater always want to be the banker.

  73. Tawnya Elliott says:

    How childish it is to make fun of the way a person speaks. It says something about your intelligence if that is all you got from the video. While I am not certain his information about there only being 21 square meters of gold in the world I think many people are not properly visualizing what that means. For the record, a 6 foot tall man would be approximately 1.8 meters tall.

  74. Anonymous Ronin says:

    Where can l buy super dollars? ?

  75. Fake ID says:

    I am an INDIAN??, I never saw ZERO RUPEES NOTE.

  76. The Full Suns says:

    Nice suit man!

  77. eric deherrera says:

    Only? Only 21 meters?! That's a huge volumetric amount in weight!

  78. Poof Ball says:

    Money is very dirty, that's why I do money laundry…….

  79. Brian diaz says:

    i want money give it to me know

  80. Werner Boden says:

    A total of 80 people in the world, own 50% of the world's assets.
    They must be thieves or exceptionally hard workers.

  81. Random Account says:

    Bitcoin is desirable because you can buy drugs with it

  82. maxturbo45 says:

    Fuck bitcoins

  83. Lars's Wig says:

    5:53 In Maldives we have polymer notes too.

  84. Nicholas says:

    It can get you laid
    It can get you laid
    It can get you laid
    It can get you laid
    It can get you laid
    It can get you laid
    It can get you laid
    It can get you laid
    It can get you laid
    It can get you laid

  85. Kalo Arepo says:

    Coinage was not invented in 1500BC -it was invented much later in about 600BC in the kingdom of Lydia which corresponds nowadays to south central Turkey -the area was rich in alluvial gold and gold mixed with silver(electrum) which inspired the use of coinage.The neighboring kingdom of Phrygia was also rich in alluvial gold and its most famous king was Midas -it was this rich king who inspired the legend of the Golden Touch.

  86. Jonasz Przybycień says:

    #5 is a Shrodinger's Money xD

  87. David Hill says:

    bat guano as money …….I guess someone who was rich really did have a shitload of money …..

  88. Luiz Felipe says:

    nooo, my dreams of having a golden pyramid…

  89. Maxime Starlighter says:

    I cannot do otherwise than having a good laugh when his videos start with "helloooo 42 here !" ??? It's some kind of unvoluntary marketing because laughing at the start put me in a good mood to listen ?

  90. Kimberly Price says:

    Lol Hello there 42 here ??

  91. the Unrepentant says:

    Money is a measure of value. An abstract concept. Currency is the familiar federal reserve note or bank note. The physical instrument that represents that measure of value.

    Most money is produced by advancing credit and is not simply created out of “thin air.”

    It is important to distinguish between the measure and the instrument that represents it. The instrument is invariably manipulated so that the same number on the face of a certificate represents different actual values at different points in time. A $100 bank note today has less purchasing power than it did 5 years ago and also when more currency is printed than money created.

    Example:

    Assume that the total supply of money is $1,000…000,000.00. (one x-zillion, half-mile long chain of zeroes omitted for clarity). At this stage that is the starting point in our discussion the supply of currency is also one x-zillion that is identical to the supply of money.

    A borrower obtains a loan for $1000 that he agrees to pay back with $35 interest.

    The lender makes an entry in its ledger, crediting the account of the borrower. The total supply of money (that is a measure of value) remains unchanged (one x-zillion).

    An employer pays the borrower $1,035 in wages being the value of his work. Alternatively, a customer pays the borrower that is a merchant $1,035 for the value of his purchases. Either way $1,035 in new value was created by activity in the marketplace. The borrower repays the loan (with existing currency).

    The total supply of money is now $1,000…000,000.00 + $1,035.00 = $1,000…001,035.00.
    The total supply of currency remains $1,000…000,000.00.

    The central bank may print $1,035 in new federal reserve notes in order to bring the amount of currency in line with the total money supply. The amount of money created is $1,035 and is not merely $35 that is the amount of interest.

    The lender receives $1,035 being repaid with existing currency plus the central bank may print $1,035 in new currency. The central bank is the beneficiary of the lion’s share, as $1,000 of newly created value accrues to it while $35 of this newly created value accrues to the lender.

    If the face value of newly printed bank notes is less than $1,035 or if none at all are printed the value of the dollar currency will increase. Especially as viewed by outsiders. If the face value of newly printed bank notes is greater than $1,035 then the value of the dollar currency will decrease. Outsiders perceive a dilution, as the number represented by currency is larger than the addition to value of newly created money.

    This example assumes that the wages paid or merchandise sold is the amount of new value created, but in practice marketplace efficiency is somewhat less, with a smaller portion being new value created.

    Footnotes:

    If the borrower only realizes $813 instead of the full $1,035 that was earned through his effort in the marketplace, due to insolvency of employer or customer, then $813 is the measure of new value created. Even if the borrower repays the full amount of the loan that is $1,035 by making up the difference out of his own pocket the amount of money created in the marketplace remains $813 and only $813 in new currency may be printed. This entire benefit accrues to the central bank, while the lender loses money.

    The lender makes a loan of $1,000 with a negative interest rate so that the borrower repays $1,000 minus $35 deducted in negative interest. In this instance the lender is repaid $965 and loses money, but the central bank gains money and may print $965 in new currency representing the new value created in this transaction, the entirety of the new value accruing to the central bank.

    Any currency printed in excess of $1,035 in the example above is the portion derived from “thin air.”

    Countries that do not adhere to these parameters soon find their currency is worthless. Where an elevated level of demand for currency is dictated by being the reserve currency, such as in the case of the “petro” dollar, these bounds may be greatly exceeded. A favorable trade balance enables these bounds to be slightly exceeded in proportion to the surplus, or greatly exceeded where the trade surplus is large. This action prevents the currency from becoming too strong and harming exports. Trade deficits are snares with political pressure to print more at a time when the amount of new currency printed should be reduced. The limit is reached when the amount of currency printed each month equals the sum of payments made on corporate and personal debts, i.e., all current debts regardless of their nature, during this same period. In a process titled quantitative easing the central bank purchases non-performing corporate bonds and shreds them so that this threshold is not exceeded and the currency remains viable and does not collapse. Policies of the central banks are largely decided by the Bank of International Settlements in Basel, Switzerland.

  92. Roi R. Czechvala says:

    "Corruption in India is widespread." So is cholera. No wonder Raj doesn't want to back.

  93. DragonDenGallery says:

    That sweet wink.

  94. R K says:

    all the gold in a single cuboidal block would be 21 meters on each side huh? well then good news to the minecrafters out there. they can be richer than the whole planets worth gold wise with a simple… 21x21x21=9,261 gold blocks and a gold nugget.

  95. Jerry Berglund says:

    Its strange that the fact that it was the Swedish Riksbank (Swedish Central bank is also the world oldest) that made the very first bank notes and made it a currency nationwise. THis was allready in the year 1656 A cople of years before the Swedish Riksbank was fonded n 1686. THe merchants that had big huge coins that weigh a lot, could put these into this bank, and get a back note with the amount their coin was worth. And so the notes came to be. Its was smart swedish people. At least we were smart then, now I aint that sure. lol

  96. dafty97 says:

    Money is dirty, always grosses me out when I see someone hold a bank note in their mouth

  97. Michael J. says:

    He does say 42. 42 is the answer to life

  98. bgame10 says:

    what!!??? 4 years ago damnnnnnn wtf I think about what i did 4 years ago!!

  99. James Wilkinson says:

    You should play this vid at 25% speed, it’s hilarious!

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