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<p>[QUOTE="Krasnaya Vityaz, post: 93230, member: 1791"]Face it, the Bolsheviks/Communists could gradually brainwash the masses into believing capitalism was the ruin of the earth, that a "few" people being shipped off to Siberia was good for the country, that Stalin was benevolent and brilliant, but they could not convince people to take fiat money. Of course any study of the development of money in the RSFSR and then the USSR convinces one that their initial attempts at introducing currencies were wrought with failure as the currencies quickly deflated in value relative to any purchasing power.</p><p><br /></p><p>So thus by 1921 the RSFSR begin striking Ruble coins and 50 Kopek coins in token amounts and then in 1925 the USSR started issuing small amounts of Chervonetz or 10 Ruble gold coins. These coins were issued in the old standard from the Tsarists days. Also in 1924-1925 the USSR started issuing billon coins in .500 fineness for smaller coins down to 10 kopeks. These were all issued until they were discontinued and replaced with a base metal coinage in 1931-1932.</p><p><br /></p><p>So the Communists eventually succeeded in replacing good money with bad, but then so did the Capitalists a year later with gold, and thirty years later with silver. </p><p><br /></p><p>So when you think of it from that perspective maybe the Communists of the 1930's were forward thinking in driving out good money, even the Capitalists eventually caught on and did it.[/QUOTE]</p><p><br /></p>
[QUOTE="Krasnaya Vityaz, post: 93230, member: 1791"]Face it, the Bolsheviks/Communists could gradually brainwash the masses into believing capitalism was the ruin of the earth, that a "few" people being shipped off to Siberia was good for the country, that Stalin was benevolent and brilliant, but they could not convince people to take fiat money. Of course any study of the development of money in the RSFSR and then the USSR convinces one that their initial attempts at introducing currencies were wrought with failure as the currencies quickly deflated in value relative to any purchasing power. So thus by 1921 the RSFSR begin striking Ruble coins and 50 Kopek coins in token amounts and then in 1925 the USSR started issuing small amounts of Chervonetz or 10 Ruble gold coins. These coins were issued in the old standard from the Tsarists days. Also in 1924-1925 the USSR started issuing billon coins in .500 fineness for smaller coins down to 10 kopeks. These were all issued until they were discontinued and replaced with a base metal coinage in 1931-1932. So the Communists eventually succeeded in replacing good money with bad, but then so did the Capitalists a year later with gold, and thirty years later with silver. So when you think of it from that perspective maybe the Communists of the 1930's were forward thinking in driving out good money, even the Capitalists eventually caught on and did it.[/QUOTE]
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