Creeping Closer to a One World Currency

[A Sheep in the Pasture]

I read in the news this week that the penny and the nickel now cost more than they are worth to make.

http://www.cnn.com/2008/US/05/06/coin.inflation.ap/index.html

The government is trying to pass a bill to start making pennies out of steel like during WWII due to the rising costs of certain metals. Makes me think of all the millions of people in the country that have piggy banks, glass jugs, etc. filled with pennies just because. Maybe this could be avoided if people would start using those pennies and keeping them in circulation, rather than the government having to continually make new ones only to end up in someone's piggy bank for years.

Keep in mind that the Lord warned us about "storing up treasures on earth"

[Mezuzas]

They make pennies and other coins every year and put that year on it. They'll do that whether or not there are pennies in a jar in someone's home.

[A Sheep in the Pasture]

I agree with you, however like everything in the U.S. the volume produced is determined by supply and demand. As the supply dwindles and the need increases, so does the production. All I'm saying is if people would just start utilizing what they have "stored up" the demand for more would be reduced, thus reducing the need (demand) for the precious commodities God has given to us.

[Max Wintergreen]

i have a better idea! why don't we just stop making pennies and nickels all together? sure, they'll round up to the highest dime, but maybe that would trickle up to the stock market, and improve a lot of bottom lines.

its just ridiculous. i don't need all these unique coins floating around. with all the inflation, the dime is really the new penny any-hoo.

at least we aren't going cashless. i think the mark will probably be offered for a tax break or something, christianity is too entrenched in this country for a move like that to be done overtly. the argument being that a tax break would be in exchange for the emergency and police services you aren't utilizing by being trackable and accountable at all times.

[Caver]

I agree with you, however like everything in the U.S. the volume produced is determined by supply and demand. As the supply dwindles and the need increases, so does the production. All I'm saying is if people would just start utilizing what they have "stored up" the demand for more would be reduced, thus reducing the need (demand) for the precious commodities God has given to us.

The penny has become useless, IMHO. With inflation, it is the one thing that takes so much space, buys so little and just accumulates at a great rate it becomes a burden to carry them all. You can't spend them as fast as you collect them.

Every day, I bring home all my change for the day and dump into an empty can. Then, about every 3-6 months go and empty into a coin counter and sacrifice 8 1/2% but get my $65-$190 credit and start the cycle over again. I dislike the pennies intently, they are a pain.

[CarmencitadeDios]

This was done in England around 1970. They changed the currency so that the old penny was replaces by one worth twice as much. All prices went up when the money changed.