RE: Today is a Special Day for me…
(Edited)
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Over the years, I figure Fiat USD’s have lost “more” than 99% of their Spending Power, leaving “less” than 1%… This is why I figure our Common Coinage will be Grandfathered into our New Product Line of Stable Coinage, which will give our Common U.S. Coinage a 100 fold increase in Spending Power…. This tells me that $1,000 in Common U.S. Coinage could get me 10 of our One Ounce $100 Gold Coins or 100 of our One Ounce $10 Silver Coins on the “other side” of the Reset… Not bad, since 1,000 Fiat USD’s will only get me $10 in Common Coinage if I would have held onto my 1,000 Fiat USD’s…
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makes sense why you'd favor coins over notes in a reset frame, and your right on the long slide in fiat power. Just note a 100x boost for common coinage is a policy choice, not metal content, so if the conversion is staggered or capped, the outcome could be way smaller. I’d model a few cases like 20x or 10x and keep some liqiudity in silver, small gold, and spendable cash to avoid getting stuck if the reset timing drifts. And watch taxes on swaps into the new coins, because a forced conversion can still be a taxable event in practice :)
My fine tuned version of the United States Monetary Correction has been well thought out… It’s true that our Common Coinage doesn’t contain any Precious Metals, but neither will our Silver Certificates, which will also be denominated in Cents… We will be adding 99 Decimal Cents to our Electronic Dollars and Cents, which contains no Precious Metals… Our “Circulating” Silver and Gold Coins will have “so much” Spending Power, I doubt that you’ll even be using them for your everyday spending… Silver Certificates and Electronic Coinage will be what’s used by most people… Common U.S. Coinage will mostly be used here in the States, and their Spending Power will be similar to the Spending Power of our Silver Certificates…. I consider what I came up with, will make for a very easy transition into our New Product Line of “StableCoinage” which will actually be stable… I’m always open to questions, so feel free…