Interesting, especially in light of the recent announcement that the US Bureau of Engraving and Printing is printing even less paper money, which is very odd, as there is only enough paper money in the US to back about 5% of our daily retail needs. And the vast amount of what they print is $1 bills, with proportionally fewer higher denomination bills.
And that a large portion of our $100 bills are sent overseas. So even if they wanted to, they could not print $500 or $1000 bills, for the simple reason that nobody could make change for them.
This could turn very bad, very fast, if there are any problems at all with our electronic based money. Say, if the credit card companies could no longer sell bonds to underwrite their card holder debt.
Within a month or so, tens of millions of Americans would no longer be able to pay their rent or buy food.
This is the ‘can’t buy or sell without the mark’ scenario that ultimately comes to pass.