Rebel currency invalidation alternate history discussion k gas oroville

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Suppose that a rebellion succeeds in gobbling up most of an empire. It can be like the fall of the Chinese Qin dynasty, or something that goes off in West francia and destroys it before it can establish a precedent of being France. Or maybe the fall of the Sasanian Empire. This takes place pre industrial revolution and gas x strips ingredients rifling. The rebels have military power and can quash any loyalist uprisings.

The rebels, now the new rulers, then issue a new currency, backed by gold, and also declare the old currency invalid for tax purposes. It’s reduced to a trinket with no legal value. It can no longer be used to settle old debts, only the new currency can. The smelting value is say… 1/30 of its face value, except now there is no face value. You have to pay taxes or else. You can use the old currency, but you just can electricity generation by country’t use it to pay taxes. There are taxes for many forms of transactions, so you kind of need the new currency. The rebel leaders don’t suffer infighting.

The rebels exchange some old currency for new ones, but only for a group of say… 30 families that supported the rebellion (including themselves). Everyone else is out of luck. Don’t worry if you participated in the rebellion, you got 3 years of back pay in the new currency, just hope you didn’t have lots of savings. And of course all new salaries are issued in the new currency.

Suppose that a rebellion succeeds in gobbling up most of an empire. It can be like the fall of the Chinese Qin dynasty, or something that goes off in West francia and destroys it before it can establish a precedent of being France. Or maybe the fall of the Sasanian Empire. This takes place pre industrial revolution and rifling. The rebels have military power and can quash any loyalist uprisings.

The rebels, now the new rulers, then issue a new currency, backed by gold, and also declare the old currency invalid for tax purposes. It’s reduced to a trinket with no legal value. It can no longer o gastro be used to settle old debts, only the new currency can. The smelting value is say… 1/30 of its face value, except now there is no face value. You have to pay taxes or else. You can use the old currency, but you just can’t use it to pay taxes. There are taxes for many forms of transactions, so you kind of need the new currency. The rebel leaders don’t suffer infighting.

The rebels gas mask bong nfl exchange some old currency for new ones, but only for a group of say… 30 families that supported the rebellion (including themselves). Everyone else is out of luck. Don’t worry if you participated in the rebellion, you got 3 years of back pay in the new currency, just hope you didn’t have lots of savings. And of course all new salaries are issued in the new currency.

The farmers, in need of the new currency, take a portion of their savings to a representative of one of the 30 families who can make the exchange. These families, knowing they have a resource that the majority of the population needs an infusion of in the short term, offer to purchase the old currency at a portion of its face value, then exchanging it at a profit to the new government who gas city indiana weather (presumably) disposes of it, since they don’t want the old currency in circulation as an alternative to theirs.

Of course, this depends on just how freely the new government is printing their currency. The old money, since its no longer in production, is naturally inflation-resistant and could even deflate if its slowly being sucked electricity distribution losses out of the economy by exchanges into the government coffers via the rebel-backing families currency exchanages (Though, these would be less and less attractive the more currency the new government puts into circulation). If the rebel government’s currency is inflating due to too much being put into the economy, the old currency will likely be retained a method of private exchanage (After all, the new government isen’t banning its use as a private medium of exchanage; they really coulden’t unless they banned possession of it entirely) but following the rule of bad money chases out good money: I.E. people will try to buy goods with ‘new’ money while trying to get payment in ‘old’ money.

This would mean, in terms of private spending, the farmers’ savings and those operating mainly in the rural/private economy would see their reserve currency grow in value, while government employees or those mainly selling to the government (Who CAN insist that they accept payment in ‘new’ money) will see their earning power decrease, assuming the government is issuing more currency then they’re sucking out of the economy via taxation (Likely; otherwise, its gas finder near me a net lose for the government). The fact that its backed in gold (theoretically) is a non-issue since gold has no more intrinsic value than fiat currency, especially since the government would be setting the rate at which its bills can be exchanaged for gold. If it dosen’t, and they issue more currency than they’re taking in, they run the risk of not having enough gold in their vaults to buy up the bills at a market exchanage rate.

If, on the other hand, they issue new currency only moderately, they run the risk of not having enough in the economy that the average rate of turn over results in enough of it flowing through the hands of the average citizen to pay the numerious taxes. If there isen’t enough of the new currency z gas ensenada being put back into the economy, than you end up with the opposite effect: people will try to get payments in ‘new’ money so they can cover their taxes and not get dragged to the clink while trying to pay in ‘old’ money as much as possible to private individuals. Now, that dosen’t mean the value of the old currency collapses (since the fact its not being issued makes it somewhat inflation-resistant), since people will need a medium of exchanage to work in after their limited supply of new money gets sucked back into the government coffers, meaning gas vs electric stove safety it likely remains as a medium of private exchanage if its still legal to do so. Buying in new currency could likely earn you a discount though, so government employees would benefit.

While it might fade out of use if the 30 families buy up enough of it, there’s the real risk that such a currency exchange z gas guatemala would inject too much of the new currency into the economy too fast for it to avoid inflation, leading to the first situation. In that case, the economy probably goes through several fits as people rush to trade in the old currency, only to horde the rest of it once a new load of government currency enters the market. If the government is willing to take the hit, eventually enough gets soaked up through taxation that the currency exchanage is profitable again (the period getting longer and longer each time, as there’s less old money in each cycle), until there’s so little of the old currency left that it can’t act as a medium of exchanage for most economic transactions.