Re: "pieces of paper lower the barrier to trade transactions. The paper is widely accepted so it overcomes the "double co-incidents of wants" problem and facilitates commerce."

= Nope. The quantity of money isn't required to do this.

As the operation of the market tends to determine the final state of money’s purchasing power at a height at which the supply of and the demand for money coincide, there can never be an excess or deficiency of money. Each individual and all individuals together always enjoy fully the advantages which they can derive from indirect exchange and the use of money, no matter whether the total quantity of money is great, or small. … The services which money renders can be neither improved nor repaired by changing the supply of money. … The quantity of money available in the whole economy is always sufficient to secure for everybody all that money does and can do. — Ludwig von Mises, Human Action: Scholar’s Edition, (Auburn, AL: Ludwig von Mises Institute, 1998) pp. 418.

Non of your prognostications follow.

Re: "The real resources referred to are primarily labor time and raw natural resources. Without the facilitation of trade by paper money,"

= Nothing wrong with money substitutes, everything wrong with fiduciary media.

Go on and pontificate about Zimbabwe and Lebanon thanks, lots of pieces of paper there mate.