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2025-05-23 Economy
US Treasury gives final decisions on pennies…. and it creates a new problem
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Posted by Skidmark 2025-05-23 00:00|| || Front Page|| [271 views ]  Top

#1 
We all actually know what's going to happen in the next few weeks.
A massive penny shortage develops, as people will start hoarding them.

Which the Gov will use as an excuse to move us to a digital currency.
Then Government can control, track, or turn off how we spend every nickel and dime.
Like Canada does, its citizens now.

Will the various Local, state and federal Gov penny taxes becoming Nickel or Dime.
Like the gas price having 9/10's BS now

Prediction: Mass Protests, with some new stupid Protest slogan like: Save the Penny, it makes sense or something equally as stupid.☺
Posted by NN2N1 2025-05-23 06:12||   2025-05-23 06:12|| Front Page Top

#2 How soon with the dollar join the penny ?
Posted by Besoeker 2025-05-23 06:27||   2025-05-23 06:27|| Front Page Top

#3 ..paper is cheap. They keep this up, they can sell watermarked paper and we can print our own money.

We've been living with gas at three digits beyond the period for all our lives.

The solution that no one wants is to issue new currency just like other countries have had to do when they inflated their money. We sort of did that when we shifted out of copper pennies and silver coins. Now that slight of hand is beyond repeat.
Posted by Procopius2k 2025-05-23 07:03||   2025-05-23 07:03|| Front Page Top

#4 

Somewhere in my Dad's WW-II era collection, I still have a few DM 100,000 1923 German banknotes.

I remember in 1968 trying to use one of them in Eppelheim just outside PHV, to buy some fireworks. The store owner busted out laughing, then said he'd give me 2 marks for it (50 cents in those days).
Posted by NN2N1 2025-05-23 08:08||   2025-05-23 08:08|| Front Page Top

#5 I have $600 billion in Zimbabwean bucks but they expired in 2004…
Posted by Beavis 2025-05-23 09:43||   2025-05-23 09:43|| Front Page Top

#6 
Posted by Gleng Whaick2262 2025-05-23 09:59||   2025-05-23 09:59|| Front Page Top

#7 I have $600 billion in Zimbabwean bucks

"A pentillion here, a pentillion there, and pretty soon you're talking real money."
Posted by SteveS 2025-05-23 10:48||   2025-05-23 10:48|| Front Page Top

#8 My thoughts will now cost five cents.
Posted by Super Hose 2025-05-23 11:06||   2025-05-23 11:06|| Front Page Top

#9 S.H., actually nothing when you rounddown 2 cents.
Posted by illeagle 2025-05-23 11:44||   2025-05-23 11:44|| Front Page Top

#10 Perhaps the USA can "print" paper currency in the 1 cent and 5 cent range.
Posted by Anguper Hupomosing9418 2025-05-23 12:00||   2025-05-23 12:00|| Front Page Top

#11 Shooting Pennies From a Shotgun

Posted by Skidmark 2025-05-23 12:08||   2025-05-23 12:08|| Front Page Top

#12 During Covid rolls of toilet paper became more valuable than fiat currency.
Posted by Super Hose 2025-05-23 13:56||   2025-05-23 13:56|| Front Page Top

#13 Pennies in reloaded 12 ga rounds are ok!..
But I use a wad of 5/8's 8 penny finishing nails.
Posted by NN2N1 2025-05-23 15:23||   2025-05-23 15:23|| Front Page Top

#14 #10 when back in Italy in the 70s, coinage was such a problem the government authorized the banks to issue script for 100-500 lira denominations as a replacement.
Posted by Procopius2k 2025-05-23 15:26||   2025-05-23 15:26|| Front Page Top

#15 Remember what happened during Covid when big business said they didn't have enough coins to make change, they just kept the change and the customer got nothing.

And government let them do that, something which would have had me investigated by Weights and Measures.
Posted by swksvolFF 2025-05-23 16:05||   2025-05-23 16:05|| Front Page Top

23:26 Pancho Poodle8452
23:20 Pancho Poodle8452
23:09 Chuck M
22:57 SteveS
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22:21 Skidmark
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22:02 Pancho Poodle8452
21:44 Skidmark
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17:49 Grom the Affective









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