The United States of a Sovereign People are currently in the beginning stages of “The Golden Age”…
It hasn’t been announced yet, but it seems obvious to me, that “We the People” will soon be “selling” our New Product Line of Stable Coinage, all over the World…
One Ounce of Silver will get you $9 in “Circulating” Silver Coinage, $9 in Silver Certificates or a Combination of the two…
One Ounce of Gold will get you $90 in “Circulating” Gold Coins, $90 in Electronic Gold or a Combination of the two…
Why else would Countries and Banks be stocking up on Silver and Gold…???
They’re all going to want our Stable Coinage…
It will have the same Spending Power when you receive it until the day you use it…
Inflation will come to an end, but Supply and Demand will still have their ups and downs…
There’s no way of getting around Supply and Demand…
Since our New Product Line of “Circulating” Silver and Gold will have so much Spending Power, it became obvious that we would need to be able to “make change”…
I came up with Silver Certificates, denominated in Cents, and Electronic Gold, denominated in Dollars, Cents and Decimal Cents…
We will be using our Silver Certificates to “remove and replace” Federal Reserve Notes, at a 100 to 1 Exchange Rate…
In other words, Fiat Dollars will be replaced be Silver Certificate Cents…
Any questions so far…???
I’m always opened to questions or concerns…
Our Stable Coinage will have a range from One Electronic Decimal Cent to a One Hundred Dollar Gold Coin…
Who wants in on the Ground Floor of United States Stable Coinage…???
Feel free to ask how…
That 100 to 1 swap from fiat to Silver Certificate cents is the part that really jumped out. If spending power stays constant, how do you plan to handle existing dollar contracts and taxable basis when people redeem or spend, because GAAP wise that could trigger gains or losses; my spreadsheet is already sweating :) I like the clean unit idea, but the $9 per ounce mapping feels arbitary and could create weird cross market spreads if metals move, which means your peg might need clear treasury rules so the numbers doesn't drift.
During the Redemption Period, we will be using both Fiat and Sound Money, which should make all your worries vanish… when Tax Time comes around, everyone will be in a much lower Tax Bracket…. Our one ounce $10 Silver Coins will have a $9 Melt Value… This will prevent the melting of our Silver Coins… There’s a good reason behind that and the $90 Melt Value of our one ounce $100 Gold Coins… Feel free to think of it as a 10% Tariff on Silver and Gold coming into the United States…. Silver and Gold mined in the U.S. will receive $10 for Silver and $100 for Gold… U.S. Mining Stocks should do very well…
sounds neat, but the $10 face with $9 melt is basically a 10% seigniorage or tariff, which keeps coins circulating yet still invites spreads and offshore arbs :) For books, under GAAP we still need a functional currency and a clear FX rate during the Redemption Period, else payroll and contracts won't tie, and tax basis on coins vs melt could mean your not actually in a lower bracket. How will teh rate be set and published for recognition and year end reporting?
I believe income tax will become a thing of the past… Contracts will need to me amended to reflect the Monetary Reset… Feel free to add the old way, then divide that amount by 100…
your saying income tax goes away, but what happens to past liabilities, carryforwards, and refunds already owed, do they vanish or get restated at 1 percent? Dividing contracts by 100 sounds simple on paper, yet payroll, loans, leases, and supplier terms all has legal floors and interest math in dollars, so those need clean rules or else chaos. If reset is a single date, revenue and expenses can be pushed across it, which makes arbitrage too easy and messy for books. i like the vision, just map the accounting entries for day one and the audit trail, else a lot of folks will panic :)
As I wrote before, there will be plenty of time to adjust during the Transition and Redemption Period… During this Period, we will continue using Fiat along with Sound Money… It shouldn’t take too long to adjust… Our Silver Certificates may even look similar to the Federal Reserve Notes we’re currently using… As far as income tax is concerned, if it’s not eliminated completely, the Reset will put everyone in a much lower bracket… Our Secretary of the Treasury is already in charge of the IRS, so that will help… I now believe President Trump will soon “Suspend” any and all interest the United States currently owes for the “use” Fiat USD’s… This will be the final clue I’m now waiting for… This will tell me we’re closer than ever, to the announcement of the Reset…
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