Money Well Spent

[prole]

The Penny?! Why do we need to redesign the nation's coinage and currency every year? American currency didn't change for the first thirty years of my life, now I don't know what a fucking nickle looks like this week! National Erectile Disfunction? Too many talentless art-school graduates? Make up your fucking mind already; it's currency for crying out loud, it doesn't matter what it looks like!

[STP]

What sweeping changes! I heard it through the grapevine that the US Mint will be replacing the Lincoln penny in anticipation of the new direction our country is taking. The new coin will have two heads. On one side will be Treasury Sec. Henry Paulson while the other side will feature Fed Chairman Ben Bernanke. Good times!

[Gary_Yngve]

they should kill the penny. round all cash transactions up to the nearest nickel.

 

lincoln's on the $5 anyway, so he's still getting respect.

Edited September 24, 2008 by Gary_Yngve

[prole]

The way things are going, pretty soon they're going to be adding some zeros to the end of everything. It'll cost $1000 for a Baby Loaf of cheddar.

[STP]

Hyperinflation?

 

A default by the US government is no longer unthinkable

 

Systemic Failure of the United States- Game Over

 

"The earthquake will come via a collapse in the market for U.S. government bonds as domestic and foreign investors realize that the only way Uncle Sam can meet his future spending obligations is to print massive quantities of money. The result will be sky-high inflation and interest rates and, most surely, a prolonged reduction in output and employment. This could happen today. It could happen tomorrow. But it will happen here just as it has happened in every other country that tried to spend far beyond its ability to pay."

Is the U.S. Going Broke?--Forbes

 

Should the US Government’s Sovereign Credit Rating be Downgraded to Junk?

 

"Officials with the International Monetary Fund (IMF) have informed Bernanke about a plan that would have been unheard-of in the past: a general examination of the US financial system. The IMF's board of directors has ruled that a so-called Financial Sector Assessment Program (FSAP) is to be carried out in the United States. It is nothing less than an X-ray of the entire US financial system. --snip--

"For seven years, US President George W. Bush refused to allow the IMF to conduct its assessment. Even now, he has only given the IMF board his consent under one important condition. The review can begin in Bush's last year in office, but it may not be completed until he has left the White House."

The Shrinking Influence of the US Federal Reserve

 

[video:youtube]jHPOzQzk9Qo

[Hugh Conway]

The $10,000 bill should be the W, and the $1,000,000 the Gipper.

[tvashtarkatena]

It costs 1.7 cents to produce a penny. Before the government passed a law that shut them down, there was a company in the midwest that was purchasing new pennies and mining them for the raw materials.

 

We will certainly experience significant inflation; it's already begun. The bail out will greatly accelerate it.

 

Time to expand the garden.

[Mal_Con]

That was when they were copper, now they are zinc (pot metal) with a thin copper coating.

[tvashtarkatena]

No, that's today's figures. The price of zinc has gone up, too.

Edited September 24, 2008 by tvashtarkatena