Did coin clipping hurt banks or was just an attempt to hurt banks but failed since banks can create money out of thin air and so was just adding more debt to the loan?
didn't hurt banks it hurt customers and merchants and made them leery of trusting the face value of a coin and instead going by weight which defeated the whole point of coins having a face value.
>>16888056Doge coin was right
LOL>Jews were targeted in the coin clipping crisis of the late 1270s, when over 300 Jews—over 10% of England's Jewish population—were sentenced to death for interfering with the currency.
>>16888090Did they do it for helping their banks or for hurting the banks of their rivals?
>>16888056>>16888090Did it hurt banks in some ways? I want to know if burning money will benefit jews or not.
>>16888093they probably did it because they're jews
>>16888090>import jews>screech about jews being jewsnorman moment
>>16888052Once upon a time, there were gold coins, and someone figured out they could shave some of that gold coin to create more "money". Look at a US quarter. It has groves around its circumference to stop that even though a quarter has no precious metals anymore.
>>16888052Coin clipping is done to get free money by taking shavings from each coin and burning them together to get additional coins Banks weren't the royal mint, so they couldn't make coins
>>16888658So they were damaged by this?I need to know if burning money damages jews.
>>16888052Banks nowadays can create money out of thin air as you say. Literally make it from nothing. But it wasn't like that back in the old days when money was actually based on irl tangible items such as gold and silver. So yes, coin clipping hurt banks. However it also hurt merchants and customers and fostered an overall attitude of distrust in the marketplace
>>16888586Pretty sure part of the reason for the specific design grooves on modern coins is actually so vending machines and such can identify them easily and specificallyTry putting a euro or a sterling coin in a US vending machine. Will never confuse it for American coinage even though they have very similar size, weight and shape
>>16888056This. Coin clipping defeats the purpose of coins and turns them just into convenient to carry weights of precious metals.Of course certain economic developments and the lack of lesser coinage made clipping preferable as well, as can be seen with the many quartered spanish silver coins. >>16888658>Banks weren't the royal mint, so they couldn't make coinsHerein lies the truth. Medieval and early modern banks merely moved and stored the money, which were minted by royal (or however had the respective privileges) sources.>>16889306Killing yourself will deny them another goy cattle to exploit. Do it now and break free!
>>16889306Clipping hurt whoever wasn't directly clipping the coins to make profit for themselves.Clipper=has more money as long as he isn't caughtThe clueless fuck that accepted his clipped coins in exchange for providing good/services gets scammedAnd this >>16888056>>16888062Venetian Ducat was highly trusted for several centuries>>16888052If you wanna level up your antisemitism, you need to start distinguishing between physical currency made from valuable metals VS paper money based on valuable metals VS fiat money backed solely by the government's promises
>>16889336The grooves were intially invented to stop clipping, if the grooves were compromised that meant the coin had been clipped
