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Commitment to Our Readers
The days of pulling a crumpled $20 bill out of your wallet may be numbered. The U.S. Treasury has officially greenlit a sweeping monetary overhaul that will replace all paper currency with a combination of government-issued cryptocurrency and physical gold coins by 2027.
The plan calls for a full phase-out of paper money in favor of two new official forms of payment: TrumpCoin, a blockchain-based digital currency, and a line of gold coins embossed with the president’s likeness in denominations of $5, $20, $100 and what the Treasury memo describes simply as “the big one.”
“It’s a tremendous idea, maybe the greatest monetary decision in the history of this country, and that includes a lot of very good decisions,” President Trump said at a press conference Tuesday. “Gold is real. Crypto is the future. Paper is, frankly, very last century.”
How It Works
Starting Jan. 1, 2027, Americans will conduct all financial transactions using either TrumpCoin via a government-issued digital wallet or official U.S. gold coins at participating retailers. Paper bills currently in circulation will be transactionally worthless but can be exchanged at any participating bank for the equivalent value in the new currency.
What Experts Are Saying
We reached out to several economists for comment, but unfortunately most of what they had to say can’t be printed here.
Source:
Diem ‘Richard’ Nguyen
Liên Minh Bảo Hiến Mỹ Gốc Việt
Vietnamese American Conservative Alliance (VACA)
https://freedom-vaca.org/vaca-blog-tieng-viet-nam/