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(Atlanta Journal Constitution)   FW: FW: FW: FW: FWD: FW: Fw: Fwd: FW: fw: Obama administration set to DEVALUE our currency   (ajc.com) divider line 130
    More: Interesting, devaluations, Obama administration, obama, new metal, psychological testing, U.S. Mint  
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11119 clicks; posted to Main » on 20 Dec 2012 at 4:31 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-20 01:50:29 PM
Given the spending habits of Millenials and those coming after them, I sometimes wonder if we could ever get close to an economy that has virtually no hard currency, whether bills or coins.  Hell, most younger folks never have cash on them as it is, and they only go to an ATM when they absolutely have to.
 
2012-12-20 02:15:04 PM

Grand_Moff_Joseph: Given the spending habits of Millenials and those coming after them, I sometimes wonder if we could ever get close to an economy that has virtually no hard currency, whether bills or coins.  Hell, most younger folks never have cash on them as it is, and they only go to an ATM when they absolutely have to.


That's right! Back in MY day, we had to walk 55 miles to the bank to get money, barefoot in the snow and uphill both ways, fighting off bears an injuns. And when we got there, all we got was a shiny nickel, unless it was a good day, and then we got a quarter. But let me tell you: brother, we were  grateful  for that nickel, and we thanked Jesus in our prayers for the Bazooka Joe, ice cream sundae, and 2 sacks of coal that it would buy. 

And I tell you something else, too. We respected out elders! We knew kids were supposed to be seen and not--
 
Hold on, my geritol just wore out.
 
2012-12-20 02:17:18 PM

whistleridge: Grand_Moff_Joseph: Given the spending habits of Millenials and those coming after them, I sometimes wonder if we could ever get close to an economy that has virtually no hard currency, whether bills or coins.  Hell, most younger folks never have cash on them as it is, and they only go to an ATM when they absolutely have to.

That's right! Back in MY day, we had to walk 55 miles to the bank to get money, barefoot in the snow and uphill both ways, fighting off bears an injuns. And when we got there, all we got was a shiny nickel, unless it was a good day, and then we got a quarter. But let me tell you: brother, we were  grateful  for that nickel, and we thanked Jesus in our prayers for the Bazooka Joe, ice cream sundae, and 2 sacks of coal that it would buy. 

And I tell you something else, too. We respected out elders! We knew kids were supposed to be seen and not--
 
Hold on, my geritol just wore out.


Bazooka joe? Ice cream sundae? In *my* day we ate dirt. And we liked it!
 
/adjusts onion
 
2012-12-20 02:33:16 PM
This makes making more cents make more sense!
 
/+1 cos the headline got a chuckle out of me.
 
2012-12-20 02:33:47 PM

Nadie_AZ: whistleridge: That's right! Back in MY day, we had to walk 55 miles to the bank to get money, barefoot in the snow and uphill both ways, fighting off bears an injuns. And when we got there, all we got was a shiny nickel, unless it was a good day, and then we got a quarter. But let me tell you: brother, we were  grateful  for that nickel, and we thanked Jesus in our prayers for the Bazooka Joe, ice cream sundae, and 2 sacks of coal that it would buy. 

 
And I tell you something else, too. We respected out elders! We knew kids were supposed to be seen and not--
 
Hold on, my geritol just wore out.

 
Bazooka joe? Ice cream sundae? In *my* day we ate dirt. And we liked it!
 
/adjusts onion

 
LUXURY!
 
images.huffingtonpost.com
 
2012-12-20 02:59:31 PM
If they really want to save money, just get the Chinese to mint them.
 
2012-12-20 03:11:10 PM

Grand_Moff_Joseph: Given the spending habits of Millenials and those coming after them, I sometimes wonder if we could ever get close to an economy that has virtually no hard currency, whether bills or coins.  Hell, most younger folks never have cash on them as it is, and they only go to an ATM when they absolutely have to.


I have like $40 in my wallet that has been there for all of 2012 and part of 2011. It's all debit cards these days.
 
2012-12-20 03:11:27 PM
Okay that was good, subby!
 
2012-12-20 03:12:23 PM
twimg0-a.akamaihd.net
 
2012-12-20 03:52:24 PM
If you dont have cash what do you give strippers?!
 
2012-12-20 04:20:30 PM
Just like Nero!!1!
 
Watch out Christians, you're next!!
 
2012-12-20 04:32:30 PM
"We produce 6 billion pennies a year," Peterson said. "Our customers want them." 
What are people doing, eating them?
 
2012-12-20 04:33:11 PM
Good. We need to print a lot. Inflation is to low.
 
2012-12-20 04:34:04 PM
Well, which would you prefer?
$2.00 gas or Devaluation?
Oh, TFA? boring.
 
2012-12-20 04:34:30 PM

simplicimus: "We produce 6 billion pennies a year," Peterson said. "Our customers want them."
What are people doing, eating them?


Art projects, mostly.

sundayisforlovers.files.wordpress.com

/link hot, like sexy stick figures.
 
2012-12-20 04:34:54 PM

simplicimus: "We produce 6 billion pennies a year," Peterson said. "Our customers want them." 
What are people doing, eating them?


Uhhhh. In a sense.
 
2012-12-20 04:35:12 PM
What is really funny (or sad, depending..) is devaluing the USD was the STATED goal of Bush.
/Devaluing helps exports
 
2012-12-20 04:35:19 PM

simplicimus: "We produce 6 billion pennies a year," Peterson said. "Our customers want them." 
What are people doing, eating them?

 
Sticking them where the sun doesn't shine
http://www.youtube.com/watch?v=DO1Q7F23DxM
 
2012-12-20 04:36:08 PM
Except for pennies, all current U.S. circulating coins have the electromagnetic properties of copper, the report said. 
 
Except for pennies, all current U.S. circulating coins have the electromagnetic properties of copper, the report said. 
 
Except for pennies, all current U.S. circulating coins have the electromagnetic properties of copper, the report said. 
 
2012-12-20 04:37:22 PM
I say get rid of coins. That way, it will make it easier for religious folks and GOPers to count their money.
 
2012-12-20 04:37:26 PM
I need a highly pixelated picture of text to go along with this headline in order to understand it fully.
 
2012-12-20 04:38:19 PM

The Stealth Hippopotamus: If you dont have cash what do you give strippers?!


Herpes.
 
2012-12-20 04:38:34 PM

mr lawson: What is really funny (or sad, depending..) is devaluing the USD was the STATED goal of Bush.
/Devaluing helps exports


wow...talk about really DRTFA....lol on me!
 
2012-12-20 04:39:16 PM

ds_4815: Nadie_AZ: whistleridge: That's right! Back in MY day, we had to walk 55 miles to the bank to get money, barefoot in the snow and uphill both ways, fighting off bears an injuns. And when we got there, all we got was a shiny nickel, unless it was a good day, and then we got a quarter. But let me tell you: brother, we were  grateful  for that nickel, and we thanked Jesus in our prayers for the Bazooka Joe, ice cream sundae, and 2 sacks of coal that it would buy. 
 
And I tell you something else, too. We respected out elders! We knew kids were supposed to be seen and not--
 
Hold on, my geritol just wore out.
 
Bazooka joe? Ice cream sundae? In *my* day we ate dirt. And we liked it!
 
/adjusts onion
 
LUXURY!
 


"Right. I had to get up in the morning at ten o'clock at night half an hour before I went to bed, drink a cup of sulphuric acid, work twenty-nine hours a day down mill, and pay mill owner for permission to come to work, and when we got home, our Dad and our mother would kill us and dance about on our graves singing Hallelujah!"

XD
 
2012-12-20 04:39:20 PM
Brilliant headline, kudos to Subby.
 
2012-12-20 04:39:57 PM

dv-ous: simplicimus: "We produce 6 billion pennies a year," Peterson said. "Our customers want them."
What are people doing, eating them?

Art projects, mostly.



/link hot, like sexy stick figures.


Is that a pile of "change" under that stick figure?
 
2012-12-20 04:39:58 PM
Since when does our currency have any value at all?
 
2012-12-20 04:40:09 PM

Grand_Moff_Joseph: Given the spending habits of Millenials and those coming after them, I sometimes wonder if we could ever get close to an economy that has virtually no hard currency, whether bills or coins.  Hell, most younger folks never have cash on them as it is, and they only go to an ATM when they absolutely have to.


I go for literally months at a time without touching physical currency. Debit FTW.
 
2012-12-20 04:40:29 PM
FTFA:
The Mint has been testing different materials to fiend less expensive ways to make coins. 
 
It wouldn't be so bad if they hadn't copypasta'd it FOUR FARKING TIMES in the left sidebar.  And they got it right once.  WTF?
 
2012-12-20 04:40:54 PM

dethmagnetic: I go for literally months at a time without touching physical currency. Debit FTW.


I could do that, but some of my favorite dive bars are cash-only.
 
2012-12-20 04:43:11 PM
Meh. call me when they start handing out ass pennies.
 
2012-12-20 04:43:18 PM
"We want to let the data take us where it takes us..."

They say Barbados is nice this time of year.
 
2012-12-20 04:43:37 PM
> The quandary is how to make coins more cheaply without sparing our change's quality and durability, or altering its size and appearance.

Stop making pennies.

>"We produce 6 billion pennies a year," Peterson said. "Our customers want them."

Bullshiat.

Pennies go in the jar on the dresser. Because they're farking bogus.
and a pain to carry around.

The Royal Canadian Mint had been forced to produce large numbers of pennies because they disappeared from circulation, as people hoarded these coins or simply avoided using them. In 2011 the Royal Canadian Mint had minted 1.1 billion pennies, more than doubling the 2010 production number of 486.2 million pennies.[11] In late 2010, finance committee members of the Canadian Senate estimated that the average Canadian had as many as 600 pennies hoarded away, taken out of circulation.[9]

On March 29, 2012, the federal government announced in its budget[12] that it would withdraw the penny from circulation in the fall of 2012. The budget announcement eliminating the penny cited the cost of producing it at 1.6 cents.[12] The final penny was minted at the RCM's Winnipeg, Manitoba plant on the morning of May 4, 2012.[13] Existing pennies will remain legal tender indefinitely;[14] however, pennies will be withdrawn from circulation as of February 4, 2013.[15] The Currency Act says that "A payment in coins ... is a legal tender for no more than ... 25 cents if the denomination is one cent."[16]


The brouhaha over the disappearance of the Canadian Penny, once it happened, was so great that nobody noticed, not even me.
 
2012-12-20 04:45:42 PM

The Stealth Hippopotamus: If you dont have cash what do you give strippers?!


I have google wallet on my phone...........so I just smack the stripper on her behind with my phone and send the payment.
 
2012-12-20 04:46:17 PM

abhorrent1: Meh. call me when they start handing out ass pennies.


They're already using ass pennies. They just don't know it.
 
2012-12-20 04:46:38 PM
They should just discontinue the damn thing.
 
2012-12-20 04:46:47 PM

Grand_Moff_Joseph: Given the spending habits of Millenials and those coming after them, I sometimes wonder if we could ever get close to an economy that has virtually no hard currency, whether bills or coins.  Hell, most younger folks never have cash on them as it is, and they only go to an ATM when they absolutely have to.


Huh? That doesn't make any sense. How do they make a phone call without coins?
 
2012-12-20 04:46:50 PM
Here's a novel idea. How about we get rid of all coins except for the quarter?
 
2012-12-20 04:46:52 PM

bubo_sibiricus: Pennies go in the jar on the dresser. Because they're farking bogus.


Pennies are a government subsidy to Coinstar.  It's a conspiracy!!!
 
2012-12-20 04:47:27 PM

bubo_sibiricus: > The quandary is how to make coins more cheaply without sparing our change's quality and durability, or altering its size and appearance.

Stop making pennies.

>"We produce 6 billion pennies a year," Peterson said. "Our customers want them."

Bullshiat.

Pennies go in the jar on the dresser. Because they're farking bogus.
and a pain to carry around.

The Royal Canadian Mint had been forced to produce large numbers of pennies because they disappeared from circulation, as people hoarded these coins or simply avoided using them. In 2011 the Royal Canadian Mint had minted 1.1 billion pennies, more than doubling the 2010 production number of 486.2 million pennies.[11] In late 2010, finance committee members of the Canadian Senate estimated that the average Canadian had as many as 600 pennies hoarded away, taken out of circulation.[9]

On March 29, 2012, the federal government announced in its budget[12] that it would withdraw the penny from circulation in the fall of 2012. The budget announcement eliminating the penny cited the cost of producing it at 1.6 cents.[12] The final penny was minted at the RCM's Winnipeg, Manitoba plant on the morning of May 4, 2012.[13] Existing pennies will remain legal tender indefinitely;[14] however, pennies will be withdrawn from circulation as of February 4, 2013.[15] The Currency Act says that "A payment in coins ... is a legal tender for no more than ... 25 cents if the denomination is one cent."[16]

The brouhaha over the disappearance of the Canadian Penny, once it happened, was so great that nobody noticed, not even me.


And it turned out Earl was a missing person nobody missed at all
 
2012-12-20 04:48:34 PM

tricycleracer: dethmagnetic:

I go for literally months at a time without touching physical currency. Debit FTW.

I could do that, but some of my favorite dive bars are cash-only.


I drink alone at home. Like now. It's cheaper, quieter, and nobody will stab me for something I say. Not just then anyway.
 
2012-12-20 04:48:38 PM

Void_Beavis: ds_4815: Nadie_AZ: whistleridge: That's right! Back in MY day, we had to walk 55 miles to the bank to get money, barefoot in the snow and uphill both ways, fighting off bears an injuns. And when we got there, all we got was a shiny nickel, unless it was a good day, and then we got a quarter. But let me tell you: brother, we were  grateful  for that nickel, and we thanked Jesus in our prayers for the Bazooka Joe, ice cream sundae, and 2 sacks of coal that it would buy.

And I tell you something else, too. We respected out elders! We knew kids were supposed to be seen and not--

Hold on, my geritol just wore out.

Bazooka joe? Ice cream sundae? In *my* day we ate dirt. And we liked it!

/adjusts onion

LUXURY!

"Right. I had to get up in the morning at ten o'clock at night half an hour before I went to bed, drink a cup of sulphuric acid, work twenty-nine hours a day down mill, and pay mill owner for permission to come to work, and when we got home, our Dad and our mother would kill us and dance about on our graves singing Hallelujah!"

XD


And if you tell young people that today, they won't believe you!
 
2012-12-20 04:50:42 PM

dahmers love zombie: FTFA:
The Mint has been testing different materials to fiend less expensive ways to make coins.

It wouldn't be so bad if they hadn't copypasta'd it FOUR FARKING TIMES in the left sidebar.  And they got it right once.  WTF?


THIS.

/What they did... I SAW it...
//FIENDS!
 
2012-12-20 04:51:39 PM
"Given the spending habits of Millenials and those coming after them, I sometimes wonder if we could ever get close to an economy that has virtually no hard currency, whether bills or coins."

Nope. Weed dealers don't take debit cards.
 
2012-12-20 04:52:14 PM
The change in value of your currency by changing its metal is completely meaningless, because the value of a currency is exactly what the state tells its worth.

And if amerians really did care about the value of their currency, they wouldn't let the federal reserve ramp up inflation by printing out money whenever it feels like it.
 
2012-12-20 04:52:33 PM
this is bs.
f'ing obama and the jews.
 
2012-12-20 04:52:52 PM

simplicimus: "We produce 6 billion pennies a year," Peterson said. "Our customers want them."
What are people doing, eating them?


Wouldn't surprise me if metal recyclers buy them by the truckload and melt them down.. Or wire/copper pipe manufacturers melt them down to make wire or pipe.. a single roll of pennies would make quite a bit of 18 gauge wire..
 
2012-12-20 04:54:23 PM

tricycleracer: Except for pennies, all current U.S. circulating coins have the electromagnetic properties of copper, the report said.


It is kind of ironic, but they've been mostly zinc for quite a while now.
 
2012-12-20 04:54:47 PM

simplicimus: "We produce 6 billion pennies a year," Peterson said. "Our customers want them."
What are people doing, eating them?


Tiling their kitchen floor, for one.  cdn.hometalk.com
 
2012-12-20 04:55:05 PM

Grand_Moff_Joseph: Given the spending habits of Millenials and those coming after them, I sometimes wonder if we could ever get close to an economy that has virtually no hard currency, whether bills or coins.  Hell, most younger folks never have cash on them as it is, and they only go to an ATM when they absolutely have to.


That would be because they are something called 'broke'. It is a state in which one has no or virtually no money, i.e. the TV Show, "Kat Dennings Magnificent Tits" "Two Broke Girls".
 
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