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<p>[QUOTE="Conder101, post: 598029, member: 66"]Sure it does and it has been done all over the world when currencies have depreciated so much that the numbers start becoming inconvenient, the small change no longer has any purchasing power, and even the largest coin is considered piddling small change. Or are you saying we aren't as smart as the Mexicans who handled a 1000 to 1 revaluation with no problem back in 1992? The French have done it at least five times. Can the French do something we can't? (Heck in Zimbabwe they did it five times LAST YEAR, but that is a different matter.)</p><p><br /></p><p><br /></p><p>Sure you could. If we do a 100 to 1 revaluation (100 dollars = 1 n$) Then silver is around 14 newcents an oz. The silver in a Newquarter is worth less than 3 newcents, but the face value of 25 newcents has the same purchasing power as $25 in old dollars. The Newcent has the purchasing power of the old $1. Penny candy makes a comeback. In fact a newcent would buy an entire, larger size candy bar. Other things would be priced with the same ratio, this includes previous contracts. That $15,000 car is now $150, your $250,000 morgage is now $2,500.</p><p><br /></p><p>But remember there is no free lunch. Your $50,000 a year income is now $500 a year.</p><p><br /></p><p>This all looks shocking at first until you realize that NOTHING has changed. Yes your income is 100 times smaller, but everything cost 100 times less so the money goes exactly as far as it did before. Your net worth had the decimal point move two places to the left, but so did all your debts and expenses, so the net change is ZERO. </p><p><br /></p><p>What about those things that cost less than a dollar today? Well after the revaluation you will either get larger sized packages, or you may get more than one for your newcent. (Just like years ago you might get several pieces of "penny" cant for your one cent piece.)</p><p><br /></p><p>So it can be done. Oh and gold coins could come back as well. A one oz newdouble eagle would have an intrinsic value of roughly nine newdollars, and a face value of twenty newdollars (And the purchasing power of $2,000 old dollars), a new quarter eagle would have 1.12 newdollars in gold, a face value of 2 1/2 new dollars, and the purchasing power of $250 in old dollars[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 598029, member: 66"]Sure it does and it has been done all over the world when currencies have depreciated so much that the numbers start becoming inconvenient, the small change no longer has any purchasing power, and even the largest coin is considered piddling small change. Or are you saying we aren't as smart as the Mexicans who handled a 1000 to 1 revaluation with no problem back in 1992? The French have done it at least five times. Can the French do something we can't? (Heck in Zimbabwe they did it five times LAST YEAR, but that is a different matter.) Sure you could. If we do a 100 to 1 revaluation (100 dollars = 1 n$) Then silver is around 14 newcents an oz. The silver in a Newquarter is worth less than 3 newcents, but the face value of 25 newcents has the same purchasing power as $25 in old dollars. The Newcent has the purchasing power of the old $1. Penny candy makes a comeback. In fact a newcent would buy an entire, larger size candy bar. Other things would be priced with the same ratio, this includes previous contracts. That $15,000 car is now $150, your $250,000 morgage is now $2,500. But remember there is no free lunch. Your $50,000 a year income is now $500 a year. This all looks shocking at first until you realize that NOTHING has changed. Yes your income is 100 times smaller, but everything cost 100 times less so the money goes exactly as far as it did before. Your net worth had the decimal point move two places to the left, but so did all your debts and expenses, so the net change is ZERO. What about those things that cost less than a dollar today? Well after the revaluation you will either get larger sized packages, or you may get more than one for your newcent. (Just like years ago you might get several pieces of "penny" cant for your one cent piece.) So it can be done. Oh and gold coins could come back as well. A one oz newdouble eagle would have an intrinsic value of roughly nine newdollars, and a face value of twenty newdollars (And the purchasing power of $2,000 old dollars), a new quarter eagle would have 1.12 newdollars in gold, a face value of 2 1/2 new dollars, and the purchasing power of $250 in old dollars[/QUOTE]
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