IN DEBT WE TRUST

The first credit limit was determined by how much a banker liked your haircut.

✗ FAKE

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The first currency exchange started when someone said “my shells are cuter than yours.” FX was born from aesthetics.The concept of compound interest was described by Einstein as the 'eighth wonder of the world.' Which is rich coming from a guy who never paid off a mortgage.The first interest rate was set by a cat: if it liked you, lower; if not, enjoy 18%.The U.S. dollar is the most widely used reserve currency in the world. Basically, everyone’s ex they still rely on.The first cap table was a literal table with hats representing shareholders. It got messy fast.The largest Ponzi scheme in history was operated by Bernie Madoff, totaling $65 billion. Wall Street’s most expensive magic trick.See all In Debt We Trust facts →

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