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Started By
Message
re: Trump has instructed Secretary of US Treasury to stop producing pennies
Posted on 2/9/25 at 9:24 pm to Bobby OG Johnson
Posted on 2/9/25 at 9:24 pm to Bobby OG Johnson
I seem to remember that during covid, that the the fed was under the the treasury purview. Is this not correct?
0
Posted on 2/9/25 at 9:25 pm to simonizer
(no message)
Posted on 2/9/25 at 9:50 pm to Bjorn Cyborg
quote:
Things that are $.99 will likely be $1.
Posted on 2/9/25 at 9:53 pm to Bobby OG Johnson
Great decision. Should'f been done about 30 years ago
Posted on 2/9/25 at 9:57 pm to jcaz
Millions of poor people around the globe will perish without a penny to their name.
Posted on 2/9/25 at 9:59 pm to WaterLink
quote:
he point is there are no longer half cent coins (there used to be)
The ha'penny, if I remember correctly
Posted on 2/9/25 at 10:00 pm to Runner1
quote:
Somehow this is racist. I’m not sure yet how but I’m sure by morning they will have talking points.
I mean it is the darkest of all money soooooo....
Posted on 2/9/25 at 10:00 pm to Bobby OG Johnson
This is a dumb idea. He came out and said no CBDC, and here he is getting rid of hard currency. If it costs too much to produce a penny, find a cheaper penny.
We need more real currency circulating, not less. If they take hard currency out of circulation, making your life a digital one because easier. Once your life is digital, you are a slave.
We need more real currency circulating, not less. If they take hard currency out of circulation, making your life a digital one because easier. Once your life is digital, you are a slave.
Posted on 2/9/25 at 11:02 pm to POTUS2024
However pennies are produced, they're still unnecessary coinage in our time.
Coin and currency denominations have come, and been retired on numerous occasions in the history of our republic. We no longer spend half cents, two-cent pieces, three-cent pieces, and twenty cent pieces. These were all commonplace in the 1800's, but fell into disuse long before 1900 and were no longer issued by the U.S. Mint. Also, in my youth half-dollar coins were commonplace and circulated everywhere.
Now they're no longer minted except for collector's items.
The penny coin today, is otiose. Nobody wants 'em.
Coin and currency denominations have come, and been retired on numerous occasions in the history of our republic. We no longer spend half cents, two-cent pieces, three-cent pieces, and twenty cent pieces. These were all commonplace in the 1800's, but fell into disuse long before 1900 and were no longer issued by the U.S. Mint. Also, in my youth half-dollar coins were commonplace and circulated everywhere.
Now they're no longer minted except for collector's items.
The penny coin today, is otiose. Nobody wants 'em.
Posted on 2/9/25 at 11:03 pm to Bjorn Cyborg
Exactly. This can’t be controversial. It won’t be.
Posted on 2/9/25 at 11:06 pm to 4cubbies
Please tell me how kids and poor people are synonymous? Are you talking about a certain group of people?
Posted on 2/10/25 at 2:32 am to yakster
quote:
Please tell me how kids and poor people are synonymous?
Do most kids have jobs with incomes? I’ve yet to meet one who does and I taught elementary school for close to a decade years ago.
This post was edited on 2/10/25 at 2:34 am
Posted on 2/10/25 at 2:52 am to 4cubbies
Unfortunately Cubbies you have seen first hand when Kids are brought into a world where their is a single parent and they are just a number. These kids are brought into a world where statistically they will have a higher at chance of being incarcerated or not making it to their eighteenth birthday. We live in a society where shitty people are rewarded for making bad decisions when it comes to having children. The more you have and stay single the more money you get from the government. Marriage is not rewarded so nothing changes and yes statically it can be proven certain demographics fall below the poverty level resulting in children having a harder time due to the fact their parent or parents made bad decisions.
This post was edited on 2/10/25 at 3:01 am
Posted on 2/10/25 at 3:10 am to midlothianlsu
quote:
Clerk: That will be $5.98.
My wife (no pics): Here’s a $5, hold on I have the $0.98 cents. Starts digging thru her purse.
Could be dealing with what most of us do instead
Wife: oooo that purse is cute
Clerk: that'll be $780.67
Wife: doesn't even hear the price, swipes card
Posted on 2/10/25 at 4:10 am to Bjorn Cyborg
quote:
Been talked about for decades.
I remember a friend in maybe 1994 , saying he just threw away pennies. They were worthless in weight in pants to value ratio.
Posted on 2/10/25 at 5:21 am to Bobby OG Johnson
I was wondering why he had this giant penny sitting behind him last week. Makes sense now.
Posted on 2/10/25 at 6:12 am to Bobby OG Johnson
Ole Abe fixing to be rubbed out, again.
Posted on 2/10/25 at 6:17 am to Bjorn Cyborg
quote:
Things that are $.99 will likely be $.95.
“You know what genius in advertising is? Ninety nine cents. Somebody thought of that.”
- Roger Sterling
This post was edited on 2/10/25 at 6:18 am
Posted on 2/10/25 at 6:20 am to WaterLink
quote:
Prices still technically calculate at fractions of cents and just get rounded even today.
Yes, we’ve all seen “Office Space”.
Posted on 2/10/25 at 6:24 am to Bjorn Cyborg
quote:
Been talked about for decades. Makes sense. Will bring prices down.
Things that are $.99 will likely be $.95.
Probably not. There are a lot of pennies still in circulation. Plus most people go cashless these days.
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