RE: I was thrilled when Gold went up to 400 Fiat USD's per ounce...
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It had to be at least 15 years ago... Someone at work said the money in my wallet didn't belong to me... That got me thinking, and one thing lead to another... I started writing about it on Steemit close to 8 years ago... I tried to come up with the answer using our original Silver and Gold Coinage, but that sure didn't work... It became obvious to me that we set the Weights and Face Values too low... All we had to make change for our Silver and Gold Coins , ended up being Pennies and Nickels... I tried using the Face Values of our Bullion Coinage and the Weights and Face Values didn't make sense either... So, I was forced to start from scratch and came up with Silver and Gold Coins with Weights of 1/10, 1/5, 1/2 and 1 Ounce... I did away with the 1/4 ounce Silver and Gold Coins... With a 10 to 1 Silver/Gold Ratio, the Silver Coins ended up with Face Values of $1, $2, $5, and $10... The Gold Coins ended up with Face Values of $10, $20, $50 and $100... These Weights and Face Value numbers worked perfectly with our Common Coinage... Then there was the Exchange Rate away from Fiat into Sound Money... I figured the Fiat USD's lost more than 99% of their Spending Power leaving less than 1%... So I came up with a 100 to 1 Exchange Rate that would cause no loss of Spending Power as we removed and replaced Physical Fiat USD's... Anyway... One thing lead to another until I figured out we could pay off the National Debt in Full, including the Rental Fees we've been calling interest on the Debt... I did all the Fine Tuning until I'm where I'm at now... I figure, it's the only way to return to Sound Money... What I "was" calling Electronic Coinage turned out to be what I'm "now" calling U.S. Crypto Coinage which "will" make the United States the Crypto Capital of the World... I can't wait... One thing's for sure... None of the Financial Gurus I listen to are aware of what I see heading our way...
Yeah, nobody wants to believe me, either.
At 2000usd gold, we could knock 2 zeroes off of prices and be back to parity, but now it's almost 50% higher.
I'm with you on the transition back to sound money, I don't see them repudiating coins, ie, declare them worthless and issuing new.
I saw an article about Malaysia, or somewhere, resetting their money and one of their coins went up 50,000x, but I can't find that article, anymore.
I had some 1970's mexican coins that only had melt value, I thought I had made a good deal for them only to find out they weren't worth carrying to town.
So, I see tptb floating the frn and letting the banks worry about how to pay back the people, and declaring the usd to be restored to its constitutional definition, 371.25gr of pure silver.
Doing that will require base metal coinage to make change.
When the banks finally collapse, the new money will be issued to everybody, likely from post offices.
My version of the Reset turned out to be very simple... Simple Weights and Simple Face Values... The New $1 Silver Coins will weigh One Tenth of an Ounce... We already have our Common Coinage... We will need U.S. Crypto Coinage to "make change" or "pay" for amounts "less" than One Cent... Paper Coinage will also be issued with Face Values from One Cent to One Hundred Cents...