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RE: A Surprise @ the Coin Counting Machine!

in #silver7 years ago

A very unique and interesting theory.
I do not agree with your theory because of what the currency, whether paper or coinage, represents.
Both paper and coins cannot be fraudulently manufactured (punishable by felony charge). Thus both have value from similar scarcity relative to their designated value.
IF the population recognized that value as a medium of exchange (regardless of what collapse occurs) then both existing coins and paper would continue to carry value according to their designation.
HOWEVER: In a hyperinflation scenario, I suppose coins could become the 'new' paper when 100 trillion dollar notes are printed and citizens conducting market exchanges between themselves abandon notes and everyone agrees that coins are the new medium of exchange that is mutually agreed upon...
If you can point out any similar episodes in history that reflect this scenario you ought to consider writing a post about it as evidentiary support for your fascinating theory.

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Thanks for your comment concerning my Pocket Change Theory... Now, let's say there's a Reset of our Monetary System... Let's say Congress takes back control of our Currency... Let's say we Seize the Assets of the Federal Reserve and kick them the Hell out of our Country... Let's say we restore the buying power of our Coinage to a point where it reaches "Fair Market Value"... Let's say all these things happen... Let's say we give the Federal Reserve a break and offer them one penny for each of their Fiat Dollars... Let's say we come up with a New "Debt and Interest Free" Dollar... As per my theory, it will take 100 old dollars to get you 1 new dollar... But if you happen to have Common (Pocket Change) Coinage, I think 100 Cents will get you that New Dollar... That's where the increase in buying power of a hundred fold comes into play... Think about it for a while... Ponder the Possibilities... Thanks... Pocket Change...

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