COMMON COINAGE...POCKET CHANGE...
I know I've been off my main topic for a while, but people tend to get bored seeing the same thing coming from me, day after day... The main topic I speak of is Pocket Change... It's not a part of the Federal Reserve Banking System... It's an instrument of the United States Treasury and (in my opinion) will return to fair market value after the Crash of the Fiat Debt Notes we've been using as a Medium of Exchange...
When I say Pocket Change will return to Fair Market Value, I'm saying an increase of Buying Power of 100 fold... We've all heard it mentioned that the so called Dollar has lost 90 plus percent of its buying power... I think it has probably lost 99% of it's buying power... Perhaps more than 100% if that's possible...
What I think will happen is that the "so called" dollar will crash... When this happens, I'm sure the Banks will all shut their doors and the U.S. Government will use their emergency powers to make sure we still have a Medium of Exchange to use... The only possible Medium of Exchange I see at this point will be Common Coinage... Yes, the Pocket Change that has been collecting in your jars or cans... Most people still have at least "some" pocket change in their households...
In order to use Pocket Change as a Medium of Exchange, the buying power will need to be increased by 100 fold... So, one penny will have the buying power of One of the Old Fiat Debt Notes... If you have "so called" money in the Bank, they may or may not give you a penny for each paper dollar you bring in or for each digital dollar you have on deposit... So, if you happen to have $100.00 on Deposit, they may or may not give you either 100 Cents in Common Coinage "or" one New Debt Free Dollar... But don't let this worry you, because the One New Debt Free Dollar will have the buying power of 100 old debt notes...
The prices of everything will reflect the new buying power... Even your wages at work will reflect the new reset of the Dollar... Let's say you made $50 per hour before the reset... After the reset, you'll make 50 cents per hour... I know that sounds like less, but it fact, it will have that increased buying power I mentioned... The cost of everything will be effected... So, don't worry about that...
The good part is that you'll be in a lower tax bracket, if we even still have income taxes... You see, the New Debt Free Dollar won't have any Interest attached to it, like the Old Debt Notes... We won't have to pay the Federal Reserve to "use" their so called dollars... We will now be using "our" interest and debt free Dollars, not "their" interest bearing debt notes...
So hopefully, I gave you a better understanding of my Theory... If you still have questions, don't hesitate to ask me...
@pocketechange
@pocketechange
Glad to know I'm not the only ''fool'' who hoarded his pocket change for years!
You'll be glad you did... Trust me...
Other than me, you won't be seeing
this information anywhere else...
@pocketechange
Just FYI,
my voting bot up-votes your posts.
I wish I had a bot working for me... lol
Have a nice day...
@pocketechange
The only thing you should hoard is gold and silver. Cheers
You're right, but I think even base metal coins (copper, nickel, zinc) will be revalued higher in a case of a depression.
You could be right mate . Cheers for the reply thanks
Don't get me wrong... I love Gold and Silver... But
you'll never see them as a common Medium of Exchange
ever again... You'll have to trade them in for the New Dollar
and/or some Pocket Change...
@pocketechange
Yeah you're probably right mate I'd be surprised if they ever went back to a gold or silver standard. Cheers for the reply mate
Do you know, if the value-increase of pocket change has happened before in history ?
Pocket Change was always in Gold, Silver, Nickel and Copper... A dollar was a weight measured in Silver or Gold... Since the Federal Reserve and the removal of gold and silver and even copper from our Coinage, it's been going down in value, but that won't stop the increase in buying power of our Common Coinage because our current Medium of Exchange is mostly Paper Debt Notes... So, it's not the value of the Metal in our Coinage that will Count for the increase in Buying Power... Thanks for commenting...
@pocketechange
Thank you. Your explanation sounds logic.
Bud I have been gathering pocket change ever since we started on Steemit. I know your on the right track.
It adds up fast, doesn't it...???
It sure does, plus I have been buying roles of $1.00 & $2.00 coins at the bank. Going to start picking up $0.25 and $0.10 soon.
You're a true believer in me... When the ATM Machines aren't giving out Debt Notes any longer, at least you'll have a Medium of Exchange to use in a pinch... Plus there's a good chance the Buying Power will go up... My voting power is down to 43%, otherwise I'd give you an upvote...
@pocketechange
All good my friend. I think what you have been saying makes perfect sense. Plus it's the only investment that comes with almost zero risk. Thanks for the idea.
Your thanks have been received and welcomed...
Have a great day, week, month, year and beyond...
@pocketechange
Yes you as well my friend.