We’re actually going to remove and replace Fiat USD’s… But first, we’ll be suspending the interest… What I came up with is much easier than you think… It should be a very smooth transition into Sound Money… Our Silver Certificates will be used to remove Paper Fiat…. Electronic Coinage will replace Digital Fiat… There will be an accurate count of all our Stable Coinage… Fiat USD’s will be replaced… Anyone holding Treasuries will not suffer any loses…. Original Fiat will be anything that ever came out of the Printing Press… The ones already out will be removed and replaced during the Redemption Period…
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It sound cleaner than juggling dual pegs, with silver certificates and electronic coinage replacing anything from the presses, and a clear redemption window. If interest is suspended on original fiat but TReasury holders take no loss, coupons and redemptions need to be paid from a separate facility or cash flow, else pensions get hit. The tricky part is implementation, with a hard conversion rule, airtight counts, and independent audits' of ounces behind the electronic units to keep parity and stop free arbitrage. What rate are you thinking for the redemption period so price signals don't go wild :)?
A One Hundred Dollar “Bill” will get you a One Hundred Cent Silver Certificate… To figure the Sound Money Price, just divide the old Fiat Price by 100… If a person is currently earning 25 Dollars per hour, it will become 25 Cents per hour…A 500,000 home will Reset to $5,000 in Sound Money…. A 60,000 Car will cost $600 in Sound Money… My Box of 1,000 $1 Coins will buy me a 100,000 Dollar Car or pay off 100,000 in debt… Inflation will become a distant memory… Our Money will be stable…