Debt Clock 12-20 as per request. Interesting...
(media.greatawakening.win)
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Probably will be a period to exchange them over. Likely not at a 1:1 ratio though. Or at least it would make sense for there to be.
Suddenly declaring all currency in circulation worthless and not having any manner to actually get the legal currency. Would be a surefire way to torpedo the economy.
... and would most likely incite that civil war that Tim the Toolbag Pool has been calling for, for 100 years now...
When I was in the Navy 63-66, in Japan, the MPC (Military Payment Certificate) would occasionally be changed, causing panic in the bars and brothels, the military gave a short window to exchange value for value. I have heard it will be 1:1 for the benefit of we the people; this could mean a LOT if the new currency is backed by PM..
Well. If it’s a 1:1. That would raise interesting questions on how it would affect the international market. Because someone is presumably going to loose out. And where they found enough valuable material to back it.
If the graphic is any indication. Presumably the scales on the bottom are indicating that the theoretical Currency is going to be backed by a mixture of Gold, Silver, Copper, Natural Gas, Oil, Presumably stock as that’s a pic of Wallstreet, food/farm land, real estate, maybe mining output as that’s a Quarry/Mining dump truck, and finally Thorium.
Or some mixture of the above.
Gold will set a standard that will be beneficial to all because it will have equal value all around the world-no more currency exchange issues(the airport exchange shops are the worst) . 1:1 would be a gift from a restyored Republic.