I've spoken with @pocketchange too, and I cannot see how his theory would work, after a complete implosion of the Dollar. If you look back in history, a new currency after a reset was never the old coins.
I can even imagine that this whole reset thing might affect the people so badly, that they puke if they only hear the word Dollar, or Cent. And that it will take something completely new and different to regain the trust of the population into a government issued currency. Like in Germany after WW2, when the old Reichsmark went to hell and every German got 40 new Deutsche Mark as a fresh start. The old coins were scrap then too. But if you had gold or silver, or property or other valuables, then you had a big advantage over the those who only had the 40 DM.
And thats the scenario I'm expecting, not only in the US but also for the Euro, and perhaps the Yen and other currencies which only consist of debt.
But I may be wrong and they keep this system going for decades.
Agreed! All the currencies are in same boat. Maybe they will try to make a world currency abd no more world reserve and dollar gets worse next t I suspect all will be in same boat.
Many say the pound is still around ahd that was the reserve before dollar but the debt is so bad I can’t see China or Europe taking over. All the debt is too much. If gold backing comes the debt in real terms will bankrupt every nation so I do think they will try some scammy move one last time before real money is back.