When Trump and the White Hats have us transfer over to a “people’s economy” whether that’s gold backed or something else, what happens to our money? Our bank savings, our investments, even whatever cash savings we have on hand?
Would a lot of people be screwed over if they weren’t prepared like some other might have been by holding gold/silver? Their stocks, 401Ks, long term investment funds?
Would we file some sort of report of those lost savings and investments in the crash and get the equivalent amount in the new currency? Hand in all their now worthless fiat currency for the new gold backed currency? I’m sure the WH have some sort of financial safety net plan in place for the people right?
If you can't hold it in your hands, it never existed.
Remember, we're dealing with funny money and monopoly bucks.
In a Casino, the House always wins. Your chips are worth only what the teller will cash out.
That’s a LOT of people losing all their savings in a flash
The mistake was thinking they were "saving" that money to begin with.
Or even if the money had value at all.
That's the thing, right?
It's just like taxes.
People go on and on about where our tax money should be spent and how Congress is wasting it all.
How about we address the planet-sized elephant in the room and talk about how income tax is theft and something the Founding Fathers would have fought to the death to ever allow?
Right?? There’s got to be some sort of safety net for us all, especially for older folks to be able to retire happy, and not this nihilistic “POOF! All gone! Back to square one for everybody!” I’d imagine many people would be furious that all their savings are gone, even if we switched over to a gold backed system if there was not safety net money transfer for everyone.