Has anyone heard about the new US currency??
Just trying to find more about this..
No more "In God We Trust" ...??
Why might the current fiat dollar be eliminated? I can think of three possible reasons:
1) to replace the current fiat dollar with a new dollar that’s at least partially backed by gold or silver;
2) to revalue the entire monetary system so as to make the new dollar worth, say, ten–or maybe, 50–of the existing dollars. I.e., you’ll go to your bank with 100 old dollars, and they’ll exchange them for 5 new dollars. Or maybe they’ll cause the new dollars to worth only a fraction of the purchasing power of the existing dollar; and/or,
3) to eliminate all paper dollars and replace them with some sort of universal debit card in order to monitor and tax all of our financial transactions.
Just trying to find more about this..
No more "In God We Trust" ...??
Why might the current fiat dollar be eliminated? I can think of three possible reasons:
1) to replace the current fiat dollar with a new dollar that’s at least partially backed by gold or silver;
2) to revalue the entire monetary system so as to make the new dollar worth, say, ten–or maybe, 50–of the existing dollars. I.e., you’ll go to your bank with 100 old dollars, and they’ll exchange them for 5 new dollars. Or maybe they’ll cause the new dollars to worth only a fraction of the purchasing power of the existing dollar; and/or,
3) to eliminate all paper dollars and replace them with some sort of universal debit card in order to monitor and tax all of our financial transactions.
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