I have a Theory about Pocket Change... It's really very simple when you give it some thought... As per my Theory, Common Coinage, or as I like to call it, Pocket Change will increase in Buying Power by 100 Fold, so that a Common Penny will have the same buying power as a One Dollar, Federal Reserve Note...
In my Opinion... Since the Current Dollar has lost 99% of it's Purchasing Power, all Federal Reserve Notes shall be Redeemed (turned in) for one Cent for each One Dollar (Debt) Note... A Hundred Dollar Bill will get you either One New Dollar, or 100 Cents in U.S. Coinage...
There will be a "Redemption Period"... Any Federal Reserve Notes not turned in, (within a yet to be Determined amount of Time) shall be Non-Redeemable... Other than becoming a Conversation Piece in a Collection, it will be"Totally Worthless" as a Medium of Exchange...
You'll be turning yours in on time, so don't let this worry you... The Hundred Cents will have the same Buying Power as the One Hundred Dollar "Federal Reserve Note" it replaces...
Our Coinage, along with a New Paper Dollar, backed by Existing and/or New Coinage will replace all Redeemed Federal Reserve Notes...
All Notes redeemed, shall be "returned" to the Federal Reserve to be Destroyed, as payment of the National Debt... The Notes will be redeemed World Wide... It will be a very smooth RESET, and "no one" will lose Buying Power, due to this Reset and Transfer of Wealth...
It will just take a Smaller number of New Dollars to buy what the Larger number of Federal Reserve Notes once bought... So, out with the Old and in with the New...
The best part of my Pocket Change Theory is that it will still take 100 Cents to make a New Dollar... This will not be the Case with Federal Reserve Notes... It will take 100 Dollars in Federal Reserve Notes, to get One New Dollar, backed by 100 Cents worth of Pocket Change...
Anyway... What makes this all possible, is located in Article 1, Section 8 of the United States Constitution, which states that Congress shall have the Power to Coin Money and "Regulate" the Value thereof...
In other words, we end up with the National Debt Paid in Full, and a New (Debt Free) Dollar, backed by Pocket Change...
Would anyone agree with me, that it might be wise to hold onto a little Physical Pocket Change, before the Reset and Transfer of Wealth...???
@pocketechange