RTD News: Massive Counterfeiting In Nigeria & Gresham's Law

Subscribe and share the RTD news articles... RTD News keeps you up to date on what's happening around the globe. Information to help you become more Monetarily Aware. News Articles: 1. Nigeria has 20% fake currency in Circulation – Ex-deputy CBN governor http://dailypost.ng/2017/02/13/nigeria-20-fake-currency-circulation-ex-deputy-cbn-governor/ 2. 'Huge' amount of 'fake money' in circulation in Nigeria, says ex-deputy governor http://www.news24.com/Africa/News/huge-amount-of-fake-money-in-circulation-in-nigeria-says-ex-deputy-governor-20170214 3. NIGERIA’S CENTRAL BANK SLAMS ‘20 PERCENT FAKE CURRENCY’ CLAIMS http://www.newsweek.com/nigeria-fake-currency-naira-557120 4. Less than 1% of Nigeria's currency is fake – Central Bank http://www.africanews.com/2017/02/15/less-than-1-percent-of-nigeria-s-currency-is-fake-central-bank// 5. Naira: How Nigeria's Currency Became Worth Less https://www.nigerianbulletin.com/threads/naira-how-nigerias-currency-became-worth-less.233824/ 6. Nigeria naira firms above four-month high on black market http://www.reuters.com/article/nigeria-currency-idUSL5N1GD30F Watch educational interviews on the future of the dollar at RTD UNIVERSITY. The best monetary and financial education not available in a classroom - http://bit.ly/RTD_University

Comments

1. Another good example of Gresham's Law is the initial greenback which was unbacked by silver printed to finance the Civil War trading at a discount vs the silver backed black ink notes.
2. WHO'S THE OUT OF THEM AND THE CHINESE, I CAN'T IMAGINE!
   THE MEXICANS ARE PURE TRIFLING!😥 SEND'EM ALL BACK! OUT OF AMERICA!
3. Unpegging a currency is normally a good idea. Many investors will go to Nigeria and a lot of money will flow in, of course you have to see to it that people don't just steal the resources.
4. When we go to a bank to get a mortgage and they "make the money up" on a computer from nothing before it's used at your closing. I would say that's fake so perhaps Nigera's situation is quite favorable compared to us. For people stumbling upon this, this is 100% true. The bank did NOT have the money before they gave you $300,000 for your mortgage!
5. 100% paper currency are fake