IN DEBT WE TRUST

The first insurance policy covered “acts of drama.” Claims were endless.

✗ FAKE
Insurance has ancient roots, such as maritime loans in Babylonia and later marine insurance. No policy covered 'acts of drama', which is a joke.

More In Debt We Trust facts

The first currency exchange started when someone said “my shells are cuter than yours.” FX was born from aesthetics.“Liquidity” was defined after a trader tried to sell a castle quickly. Turns out stone is not liquid.The term “net worth” was invented by a fisherman who tried to measure success literally. It got tangled immediately.“Burn rate” was coined after a startup burned dinner and the budget simultaneously. Efficiency was not invited.Gold is often considered a 'safe haven' asset during economic uncertainty. Nothing says “panic” like shiny metal.Inflation was discovered when someone noticed bread stopped respecting coins. The baguette became politically active.See all In Debt We Trust facts →

Explore more

📂 All In Debt We Trust Facts🔍 All Facts
The first insurance policy covered “acts of drama.” Claims were endless. | SmartAss Facts