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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="fatima, post: 1366067, member: 22143"]That one is easy. You would not be able to trade $40,000 for 30,400 euros. If they did this, then what would happen is the FRN would be declared obsolete and there would be X amount of time to trade it in for USN. Only after that, would the free trade be resumed. And, most importantly, they may choose to limit the conversion. i.e. You get a 1:1 change out for the first $500K, then after that it starts to fall. Yes it would be a royal mess because they would have to pick who wins and who loses.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1366067, member: 22143"]That one is easy. You would not be able to trade $40,000 for 30,400 euros. If they did this, then what would happen is the FRN would be declared obsolete and there would be X amount of time to trade it in for USN. Only after that, would the free trade be resumed. And, most importantly, they may choose to limit the conversion. i.e. You get a 1:1 change out for the first $500K, then after that it starts to fall. Yes it would be a royal mess because they would have to pick who wins and who loses.[/QUOTE]
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