- Money.
You use it everyday,
but how much do you really know about it?
Well.
If your answer is not that much,
that's okay,
because I'm about to give you 40 fascinating facts
about money.
The oldest form of currency in the world
are cows.
As far back as 9,000 B.C., people were trading cattle
for the goods and services that they needed.
Moo.
The Chinese were the first people to invent
paper money around 806 A.D.
The first people to consistently use paper money
were the French in the 18th century.
Gambling generates more money than
music, movies, and sports combined.
Know your limit.
Play within it.
You know how how people refer to a dollar
as a buck?
Well that originated before dollar bills
when people used to trade animal skins
for the goods and services they needed,
such as deer and elk bucks, hence the term,
buck.
Fort Knox and the New York Fed hold a combined total
of almost 12,000 metric tons of gold.
That's 7.5% of all the gold that has ever been refined
in the entire world.
I love gold.
A common misconception is that moneys made
out of paper,
when in fact, it's a blend of cotton and linen,
so it's actually more of a cloth, than paper.
Parker Brothers has printed more Monopoly money
for it's games
than the Federal Reserve has issued real money
in the United States of America.
Over five trillion dollars is traded daily
in major stock markets around the world.
Although nobody for certainty
where the dollar symbol came from,
one widely accepted theory
is that it's an evolution of the letters U. S.,
as in U. S. currency.
It costs around 2.5 cents to produce one penny.
This is why countries have begun to eliminate them
including Canada, Brazil, and Australia.
Bye.
The term piggy bank comes from the old english
word pygg which was a type of orange clay
that they used to make jars out of
that held money.
A single dollar bill can be folded up to 4,000 times
before it'll tear.
Germany's money once lost all of it's value in 1923
due to hyper inflation.
In fact, it was so worthless that people began using it
as wallpaper and kindling.
Dat is good?
Nein.
Coins have a life expectancy of about 30 years.
Paper money has the life expectancy of about four years
for smaller bills
and about 15 years for larger bills, like hundreds.
95% of bills printed are to replace bills
already in circulation.
Individually, the revenue generated
by the biggest corporations in the world
makes them bigger than some countries.
Check out this list.
Wrap your head around that one.
In most 1st world countries like Canada and America,
citizens are required to report all sources of income.
Interestingly enough,
reporting illegal sources of income,
like say,
selling drugs
cannot be used against someone to prosecute them
in a court of law.
The most valuable legal tinder coin ever created
was by the Perth Mint in Australia.
This one ton solid gold coin has a legal tinder of
one million dollars but the gold it's made out of
is worth 50 million dollars.
Only 8% of the world's money exists in physical form.
The rest of it exists electronically
in computers and cyber space.
When flipping a coin,
three times as many people choose heads over tails.
The top 5% of lottery ticket buyers
buy over half of all the lottery tickets sold.
The most counterfeited currency in the world
is the U.S dollar.
Mostly because it's the most universally used
and has only a few anti-counterfeit measures on it.
Most couples consider money to be the number one
factor in a successful marriage.
And, they might be right because the number one factor
for break-ups and fights in marriages,
is, you guessed, it.
Money.
You are three times as likely to die in a car accident
driving to buy a lottery ticket
than you are to win the jackpot from the ticket.
Keep that in mind next time you're driving
to the store.
Feeling lucky?
If you had 10 billion one dollar notes
and you spent one every second of every day,
it would take you 317 years to go broke.
Sweden has the highest personal tax rate
in the world, at 57%.
Uzbekistan and Montenegró
have the lowest, at 9%.
I'd still rather live in Sweden.
It's against the law in almost every country
to deface legal tinder.
No matter how creative it is.
The 100 dollar note has been the largest
denomination of currency in circulation since 1969.
The highest legal tinder bill ever printed
was the one hundred thousand dollar bill in 1934,
and featured American president Woodrow Wilson on it.
Zimbabwe once printed the one hundred trillion
dollar bill, but that's only worth five dollars American.
92% of people say they would rather be rich
than find true love.
Very few people know this
but all that a check is
is an instruction to a financial institution.
So technically, it can be written on anything.
In the past, checks have been written on
stones, slabs, bananas, and even cows.
Moo.
Just to give you an idea of how much prices
have risen over time,
in the 1920's you could buy a brand new car
for less than $300.00.
More money is spent on arms in the world
than education, health, or any other form of development.
A flu virus can last up to 10 days on money.
Which is why you should always wash your hands
after handling it.
I was just holding those 20's.
(gag)
The ridges on the side of coins originated
back when they were made of silver and gold.
Before ridges on coins,
people used to scrape the sides of them
to sell the precious metals.
Studies show that ten million dollars
is the magic number that can get people to do
almost anything, including abandoning their friends
and family, changing their sex,
and even murder.
(suspenseful music)
That's not right.
90% of American money
has traces of cocaine on it.
(sniff sniff)
It's widely believed that American money is green
because green ink is highly resistant
to physical and chemical changes
and the color green is psychologically identified
as a strong, stable credit of government.
More people fantasize about money
than sex.
Bow chicka wow wow.
(cash register)
The world's largest bill ever created
was the hundred thousand peso in 1998
by the Philippine government
and was the size of a sheet of paper.
The smallest bill ever created
was the 10 bani note in 1917
by the Romanian government
and is just about double the size
of a typical stamp.
There are 293 different ways
to make change for a dollar.
So those have been 40 fascinating money facts.
I hope you guys learned a little something
from this video,
and I will see you next time.
Peace.
(digital horns)
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And if you've already done those things,
then,
I don't know.
I guess I should go wash my hands
because I've been
handling money
and it's very dirty
and I feel sick already.