The only way I can see that happening is with price controls on everything right down to a stick of gum. I don't see merchants accepting pennies on the dollar for the goods they purchased for outrageous prices. To over come just the psychological fear of that would have to be mandated and enforced.
I just don't see an event that does that working. I think we will see a higher exchange rate, and that the money will be brought back to higher purchasing power gadually using a reduction in the supply of money over time. They can't just do an instant reset. That would create chaos and panic.
The central banksters destroyed the value of our money over the period of greater than a century by creating debt out of thin air, and going full steam on their printing presses. Any reversal has to be gradual in my opinion.
That’s the crazy thing. Working class has been wiped the last 4 years actually since 2008. The wealth transfer has been historic. Right now I see rich getting richer even with a new monetary system. How to you reverse 100 years of robbery?
Add to that the exponential wealth transfer from working class, who were locked down, and Big Tech, Big Food, Big Medicine, etc. People shopping online due to fears of covid or refusal to wear mask, small business deemed nonessential forced to close, all that must have been a huge swing just in 3 years
Yes I think it’s said to be some 4 trillion. Many small businesses aren’t coming back. Also funerals and medical care are expensive. Would be great if something could be done.
1007 Fed dollars to 1 Treasury dollar?
If his exchange rate is right most people won't have shit. If have a hundred thousand Fed dollars now you have 99 dollars and change.
You say you only have 10K, here's your 10 bucks.
What if the purchasing power goes back to levels in 1800s though? Like, 1 penny actually does something? idk, just speculation. I'm a finance noob
Correct. What if you could buy that shiny new Tesla for $0.50? $10 would seem like a fortune.
Then what would you use to buy a carton of milk. A penny would be worth 1/50th of a Tesla?
And we would never have to carry a heavy pocket full of useless weight again haha
The only way I can see that happening is with price controls on everything right down to a stick of gum. I don't see merchants accepting pennies on the dollar for the goods they purchased for outrageous prices. To over come just the psychological fear of that would have to be mandated and enforced.
I just don't see an event that does that working. I think we will see a higher exchange rate, and that the money will be brought back to higher purchasing power gadually using a reduction in the supply of money over time. They can't just do an instant reset. That would create chaos and panic.
The central banksters destroyed the value of our money over the period of greater than a century by creating debt out of thin air, and going full steam on their printing presses. Any reversal has to be gradual in my opinion.
That’s the crazy thing. Working class has been wiped the last 4 years actually since 2008. The wealth transfer has been historic. Right now I see rich getting richer even with a new monetary system. How to you reverse 100 years of robbery?
Add to that the exponential wealth transfer from working class, who were locked down, and Big Tech, Big Food, Big Medicine, etc. People shopping online due to fears of covid or refusal to wear mask, small business deemed nonessential forced to close, all that must have been a huge swing just in 3 years
Yes I think it’s said to be some 4 trillion. Many small businesses aren’t coming back. Also funerals and medical care are expensive. Would be great if something could be done.
Wish i knew...
The value of a treasury dollar will be linked to gold and/or silver. Not the fiat dollar.