Gold Backed Dollar Stable Coins??
This is something that i am unsure will happen, because there is so many moving parts. So, take this as a bunch of independent pieces that are going to happen, but use these pieces to see how things are actually coming about.
The FRN (Federal Reserve Note) collapses. Something happens where it is found that a LOT of extra money was printed destroying faith in the FRN. Well, maybe not faith, it surpasses anyone's ability to do accounting. All of the black budget flow of money stops, and that throws everything out of whack.
A gold backed "Constitutional Dollar" is created through the US Treasury. It appears that a lot of gold has recently entered America, for something. And Musk is out there trying to find Ft. Knox gold. The Constitutional Dollar is in the works, but it is probably being slowly created, and will have to be rushed out when the FRN collapses.
The manipulation of the gold & silver market comes to an end. Without lots of FRNs that are printed up to throw at the paper market of gold & silver, and extreme up pressure placed on PMs by people wanting safety from the FRNs/fiat, the price goes sky high. $10,000 gold and $1,000 silver are just starting points.
Paper FRNs become very valuable for a time. With a lack of anything else, like banks being open, paper dollars become king.
Fiat (FRN especially) based stable coins will become worthless. However, at the beginning of the collapse, they will probably be worth far more than a dollar. (They stay put, as the FRN falls dramatically)
A gold backed cryptocurrency, or several, are created. It does not become as big as bitcoin, (as many think it would) in fact, in the future, it just fails. (why do you need gold, when you have provable scarcity?) Proven custody of the gold used for backing will always be in question.
Something happens to the trust
This is the end of all money/currency. When people lose faith in it, it is toast. Until then, the currency will seem to ignore every political or monetary indicator. It just goes on being taken in exchange for goods. And then, blam, enough people do not want it, and then more do not want it, until it is worth less than toilet paper.
The huge problem with fiat currencies is that you cannot tell if hyperinflation is due to trust falling, or the price of things going up. And, one follows the other, unto destruction. This is only important if you are trying to save the fiat, trying to keep it from collapsing. And ultimately, it just becomes a debate for historians/economists.
Like, in Rome they kept diluting the amount of silver in their coins, but that wouldn't have mattered if faith in the money and the empire stayed strong. People would just adapt to the new lower silver coins and continue on.
The same thing happened in America. In 1965 silver was removed from coins. And people kept on using the money. However, many people hoarded the old silver coins, but not enough to make people lose faith in the dollar.
How much of our money is black budget?
We have a lot of secrecy. We have huge budget holes in every branch of govern-cement. The Pentagon cannot account for where trillions of dollars went. Of course, everyone knows that money greases the wheels of bureaucracy.
So, what if some entity prints money (dollars) to pay for all the blackmail, all the secret black budgets, all those people to keep their mouths shut?
Musk (allegedly) found a lot of funds being spent in bad places, when they investigated USAID. And the problem with this is that all those agencies that relied on those funds will now have to fold. And those govern-cements that were counting on those agencies, will now lose large portions of their budgets.
Lets say that a "spy" uses his blackmail money to afford a mansion. The county where that mansion resides is used to the property tax income from that place. When suddenly the "spy" cannot afford the upkeep of the mansion, then that county loses a big portion of its income. (yes, the rich really do pay a large portion of the taxes) Worse, there will be no one able to by the mansion, as there is no one else with (basically free) money to buy it, or to maintain it. So, the mansion becomes a wasted building. And after the looters, it becomes an overpriced scar on the land.
A lot of people are living way above their means, and when that gravy train stops flowing, everyone downstream from that will go into poverty. Especially the local govern-cements.
Possible future
So, lets say that the black-budget-money-printing machines are found out. And that 100x the money that was thought to be printed, is now known to be printed. Where everyone sees that as their dollar being worth 1/100 less than it was a week ago. Accounts are unable to figure out how to account for this. Banks collapse. The dollar collapses.
Paper dollars become king.
A knew currency is needed, and fast. So, the govern-cement creates a gold-backed-fiat-currency. Because no one is accepting the old ways. No one is trusting the banks.
So, Trump takes all the gold (that they were able to find/get) and decides on a value. Such as a dollar (constitutional money, this is going to get confusing) is now worth 1/10,000 an ounce of gold. (gold is now valued at over $100,000 FRNs) and sets out to start distributing this to everyone.
The easiest path of creation and distribution is taking something like XRP and creating the new currency on that. (isn't it great that the lawsuit just ended? And that they are an American company?) And suddenly, with a new app for all the phones, people are spending XRP based, 1/10,000 ounce gold backed crypto dollars.
Of course i expect new (constitutional) dollars to be printed. And maybe we will even use the same old coins. But, unless Trump is already burning the midnight oil printing these, it will be slow to enter the economy.
This is just a possibility, but each day we go forward, the house of cards gets more shaky.
And humans will create something that will be used as money. The problem is, that could be anything. However, certain things are more likely. Gold is a shoe in for many of the old people. If we have 4 more years, many more people will be in crypto without prodding. We could even see BRICS currency funding the world.
If you are watching, you can see the signs everywhere of things happening. But, since no one is really discussing it, we have no real idea what it means.
To many, the dollar has lasted FARRRRR longer than anyone dared imagine.
This guy expected gold to skyrocket because of the loss of value of the FRN. And he has been calling for a gold backed dollar for well over a decade.
So, what will happen? Keep your eyes open and your head on a swivel.
Own Paper dollars, silver and crypto. Each will be needed as we navigate through the future.
And, have food!