dChan
Anonymous ID: 7bcd0e March 5, 2020, 5:07 p.m. No.8328870   🗄️.is 🔗kun   >>8886 >>8920

>>8328516 LB

One thing you aren't considering is UST coinage.

I did a dig on it a while ago, and there's something like $8B sitting in coin jars, bank vaults, etc.

 

Defaulting on coins from the mint is a completely different thing than defaulting on Federal Reserve Notes.

 

So let's say your post is correct, and FRNs either get replaced, or devalued and tied to gold.

 

What habbens to coins?

Worthless?

Devalued the same as FRNs?

Converted directly to a metal backed currency?

What logistics are involved in making change for less than a gold backed dollar, vending machines, car washes, etc.?

How long would that take to change?

What is the reputation of the Treasury worth defaulting on it's own coinage?

 

Total value if existing coinage converted directly to 90% silver coins is ~$105B (assuming $8B circulating and current price for junk silver.)

That doesn't seem like a huge price to pay for letting citizens feel like they won the lotto with their penny jars. It would even be a good stimulus for the economy.

Anonymous ID: 7bcd0e March 5, 2020, 5:24 p.m. No.8328993   🗄️.is 🔗kun   >>9031 >>9035

>>8328920

>>8328886

>that is a slide. He has no idea what re-valuing at $100K/oz would do.

HB 5404 called for the USD to be valued at the market price of gold after a set period of time (can't remember how many months).

Strategically, I think that's a great plan. If DS or other countries run up the price of gold, it cancels a shitload of debt owed by people and governments.

If they tank the price of gold, it places the US at a trading advantage where we can quickly build back our industrial prowess.

Anonymous ID: 7bcd0e March 5, 2020, 5:51 p.m. No.8329165   🗄️.is 🔗kun   >>9203 >>9282

Listening to POTUS town hall talking about healthcare, and it reminded me of a shower thought.

 

medfag here

How do you take healthcare from 20% GDP to 5%?

Muh thought was to give people and providers the choice between a system designed on 60's legislation or the current rules.

 

Would single doctors flock to a system where they didn't need 4-5 staff to comply with HIPPA, medicare compliance, and all the other red tape? Get rid of all the things that have been driving them out of private practice, and the only real rule is that everyone pays the same price, whether it's an insurance company, medicare, or a cash patient.

Anonymous ID: 7bcd0e March 5, 2020, 6:24 p.m. No.8329338   🗄️.is 🔗kun

>>8329203

>Get the frivolous healthcare lawsuits out as well.

Good luck with that, but they were really moar of a boogeyman than the reason for price increases.

Two things I see have driven prices up.

Medicare forces doctors to charge EVERYBODY 25% more than the medicare allowable. This is straight up government price fixing, because if a doc charges cash patients $50, and Medicare pays $80, the government will go through ten years of files, and determine that $50 was the customary price, then discount it 20%, and demand $40 back for every medicare billing for the past TEN YEARS.

Then there's the insurance companies who rig it so the docs have to charge cash patients $14k for a $600 procedure.

Set up a system where the government and insurance companies can't rig the cash price, and people will drop insurance like a rock.