History does not simply repeat itself – it manifests in similar forms. In terms of currency, this pattern of manifestation has remained quite consistent for thousands of years. From the Roman denarius to the German paper mark, from the French "assignat" to the modern dollar, fiat currency – government-issued money with no intrinsic value – follows a predictable lifecycle: birth, expansion, devaluation, collapse. The specific details may change – sometimes the currency is initially backed by gold or silver, sometimes it's a paper currency backed by precious metals, and sometimes it's purely digital money – but the pattern has never changed.