Anonymous ID: 1cdbdd March 27, 2018, 1:34 p.m. No.811599   🗄️.is 🔗kun   >>1607 >>1614 >>1631 >>1650 >>1716 >>1997 >>2143 >>2147 >>2160

Currency reset thoughts:

 

Assuming we go back to the constitutional dollar (gold standard), how is the problem tackled?

 

First, there's electronic money. It could be converted with a short bank holiday. Brokerage accounts, checking accounts, etc. are all just data to be manipulated.

 

The sticky part is physical money. How do you replace it without stopping commerce?

 

I'd let people make appointments to exchange federal reserve notes (with an upper limit of $10k physical to deprive black hats with pallets of cash from profiting). If you don't get it exchanged by the deadline, you have toilet paper.

 

Even harder than the notes is coins. They don't make up a huge portion of the money supply, and take time + materials to make.

 

Declaring them useless would start rounding everything to a dollar, so no good there.

 

The most efficient way to replace coinage would be to exchange them at face value for the new silver coins as they get processed through banks.

 

Bannon mentioned transitioning to asset backed blockchain currency at a speech in Davos, so it's possible that could play a role, too. I don't think we'll go to 100% blockchain, because cash will always be needed for bribes, power outages, buying stuff off CL, etc. Normies aren't ready for that step.

 

Thoughts?