Are you strapped in? Because there is no way Trump comes back until this thing is in full force.
(media.greatawakening.win)
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It is extremely doubtful "old cash" will be taken at face value under a new currency. The whole impetus behind a new currency would be that the old dollar lost too much purchasing power.
However, it is extremely likely that gold (and silver) will have just as much purchasing power under a newer, stablized currency. Just as much, or more, if the prices are truly being artificially suppressed as some claim.
So in the transition period I think gold and silver coins will have value in commerce, as everyone will expect them to still have value when things stabilize.
Having said that, since we do have to guess how long the transition might be, self sufficiency is a better investment than precious metals, if you are forced to choose one or the other.
Agreed. I didnt have the words to explain a possible exchange. Would think that if the old dollar purchasing power would drop and be exchanged for a new "dollar". If that dollars purchasing power equals 10 cents of the new dollar, so be it. Yes, the purchasing power would dramatically decrease. I could be very wrong though.
Back when the confederacy failed did they swap out their dollars for US dollars at face value?
I'm talking when they took silver out of circulation
I’m referring to the comment about hopefully they we’ll change over what we have now for new currency