I looked at Joe Lange's math in one his replies, and it seems that value of something (stock, precious metals, housing, everything) in the "new" currency would be about 1/125 of what the current price on it is.
If there were just a way to get ahead of this somehow....
They can set the value at inception at whatever they choose to. It'll be interesting to see what they choose for the value of a new dollar compared to the current one. I doubt it'll be 1/125 though. I don't think we're going back to the days of the five & dime stores. Best way to get ahead is to make sure extra cash is turned into gold or silver. I think there will be a window for conversion of old dollars for new ones. Also GME shares DRS'd is a solid investment imo. Not financial advice.
Wow. 5 baseball cards and a big stick of gum for a nickel. A balsa wood glider for a dime.
I think I got a dollar a week allowance and I had to tithe it. I had to decide what kind of Good Humor ice cream to spend it on. GH truck came everyday. Open cab, mechanical bells with a pull chain over the windshield. Driver wore a uniform with cap.
How would one hedge this scenario?
I looked at Joe Lange's math in one his replies, and it seems that value of something (stock, precious metals, housing, everything) in the "new" currency would be about 1/125 of what the current price on it is.
If there were just a way to get ahead of this somehow....
They can set the value at inception at whatever they choose to. It'll be interesting to see what they choose for the value of a new dollar compared to the current one. I doubt it'll be 1/125 though. I don't think we're going back to the days of the five & dime stores. Best way to get ahead is to make sure extra cash is turned into gold or silver. I think there will be a window for conversion of old dollars for new ones. Also GME shares DRS'd is a solid investment imo. Not financial advice.
Wow. 5 baseball cards and a big stick of gum for a nickel. A balsa wood glider for a dime.
I think I got a dollar a week allowance and I had to tithe it. I had to decide what kind of Good Humor ice cream to spend it on. GH truck came everyday. Open cab, mechanical bells with a pull chain over the windshield. Driver wore a uniform with cap.
I learned budgeting when I was eight. Good times.