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RE: Picking up more over priced silver. A good investment?
If I want to go on holiday to florida, will my GBP buy US crypto and who sets the exchange rate?
If the dollar crashes(purchasing power) , which it will IF they switch to a US crypto, then at a fixed rate of 1:100 themln by default the US crypto will also become worthless.
Atm £80= $100 (approx) therefor = £80 would equal 1 US crypto.
If you truly believe your PC theory, then you can see that the dollar is doomed and if fixed at 1:100 then so is the idea of a UScrypto
Okay... I'll start at the top and answer my way down...
Who sets the Exchange Rate... I have to ask you, who you think sets the exchange rates now...??? I've been to other Countries and I turned in some Federal Reserve Notes for their Currency... The Rates are in Constant Change... I'm sure that once the Monetary Reset happens, we will still use the Current System of Currency Exchange Options... If your Currency gets you One Hundred Dollars in Federal Reserve Notes , and the Reset happens Today, you will only Receive 1 Dollar in Debt Free Money, with "no" loss in "Spending Power"... So what if you get less Numbers, as long as you have the "same" Spending Power...???
There is no chance of the Dollar Crashing because of the Activation of U.S. Crypto... You must realize that during the Redemption Period, you have the option of using Federal Reserve Notes or the New U.S. Debt Free Currencies... If an Item Costs 100 Federal Reserve Note Dollars, you will have the "option" to Purchase the same item for One U.S. Crypto-Dollar, which (by the way) will be backed by U.S. Bullion Coinage...
Yes, at the ATM's... Instead of receiving a 100 Dollars in Federal Reserve Notes, you will receive One Hundred U.S. Paper Trade Cents... U.S. Crypto's will mostly be used with Saving Accounts, Loans, Writing Checks and such, along with Credit and Debit Cards... There will be many uses for U.S. Crypto-Dollars and Decimal Cents... You will be able to Deposit a One Hundred Dollar "Bill" in "exchange" for One U.S. Crypto-Dollar...
You're correct about the Federal Reserve Note Dollar being DOOMED... The Redemption Period shouldn't last more than a Few Years... After that Period ends, Federal Reserve Note Dollars will become Void of any and all Legal Tender Status... U.S. Crypto, U.S. Trade Cents, and U.S. Coinage will be the Monetary Tools used to "Remove and Replace" all Federal Reserve Note Dollars, during the Redemption Period... The New will Replace the Old, with "no loss" in Spending Power...
Thanks for Questioning my Theory... It reinforces my Trust in the Plan... I'm actually tempted to use my Answer as a New Post... lol... It's probably a little longer than most of my Posts...
March 14, 2019... @pocketechange or #ssg-membership