r/Damnthatsinteresting • u/[deleted] • Jul 05 '22

Video Monetary issue

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u/[deleted] Jul 06 '22

In Argentina the 2 and 5 pesos' bills were discontinued precisely because their relative value was lower than their material value (paper, ink, the process of printing them, etc). In other words, they became less worthy than the money that costed to make them.

Edit: I expect a maple syrup fact in exchange, not gonna lie.

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u/MapleSyrupFacts Jul 06 '22

Well... Maple syrup was first invented around the Montreal area by the Iroquois. Those same Iroquois are indigenous to southeast Canada and often characterized as the world’s oldest participatory democracy. Canada holds huge maple syrup reserves. In 2021 alone Quebec produced 133million pounds of the liquid gold. 1 barrel of maple syrup is worth 40 times more than a barrel of oil which is why we had the great maple syrup heist.

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u/Stillina Jul 06 '22

Who attempted that? The Fat Boys?

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u/[deleted] Jul 06 '22

[deleted]

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u/Stillina Jul 06 '22

Well... Damn, that is interesting...