The first thing that would happen is everyone would need to figure out how much money they had in the new currency and how much it would buy. For the first few days there would be chaos as some people tried to take advantage of the situation and charge more than they should.

Until the new currency is fully distributed into the population there would be pockets where people were cut off from being able to buy goods and services because they don't have the currency yet. By the same token, there would be nationalistic groups that would create local economies based on the old currency and would resist using the new currency.

Currency trading would cease to exist because there would be no more fluctuation in value between currencies, but the investment money would all seek out either the highest interest rates or the most stable governments. Risk trading would probably become a new market.

After everyone got used to the new form of exchange, you would find that wages for same work would even out, with differentials based on skill and ease of delivery. People working in remote areas would be paid less than people working near the eventual user of the goods. However, it would also mean that the jobs that have been outsourced overseas would likely be repatriated. Manufacturing would return to the US.

Price differentials would be based on trust, quality, ease of transaction, dependability of service, and other 'user experience' issues. Poorly made products would be very inexpensive and well-made products would cost relatively more.

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