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Chicago Fed President Goolsbee Wants to Declare Pennies (to be) Nickels
Headline USA ^ | September 25, 2024 | Mike Maharrey, Money Metals News Service

Posted on 09/25/2024 8:26:15 PM PDT by Red Badger

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To: Red Badger

Goolsbee belongs on a $3 bill.


21 posted on 09/26/2024 3:52:10 AM PDT by Joe 6-pack
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To: Red Badger

And my $10 bill identifies as a $100 bill. /s


22 posted on 09/26/2024 3:57:34 AM PDT by USAF1985 (Joe McCarthy is a hero...he was absolutely, 100% correct! (Let’s go Brandon!))
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To: Red Badger

Why not declare pennies to be $1-trillion coins? Then everyone can retire and live happily ever after.


23 posted on 09/26/2024 4:27:49 AM PDT by wny
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To: Red Badger

Canadians do not use pennies anymore. They round off to the nearest Nickel. For a period of time people turned in their pennies for face value above a nickel. As an American, I took all my Canadian pocket money to a bank while in Canada and got change back above a nickel.


24 posted on 09/26/2024 5:01:25 AM PDT by wetgundog
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To: wetgundog

I think the Canadian banks then return the cents to the central bank. Since the cent hasn’t been issued since 2012 they have slowly disappeared from circulation. Technically the cent is still legal tender but there is a limit of 25 that you can dump on any vendor. The Canadian cent is now mostly in the realm of collectors.


25 posted on 09/26/2024 5:46:13 AM PDT by xp38
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To: Red Badger

Hong Kong pennies in the 70s were a printed piece of paper on one side. They were used to pay the power company to the exact amount. All retail prices ended in 5 or 0, no sales tax.


26 posted on 09/26/2024 6:54:17 AM PDT by WayneH (STCM USN Retired - Lifetime Cardinals fan)
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To: Red Badger

END THE FED! In 1913, a Dollar was worth a Dollar, today, it is worth 4 Cents!😡😡🤡🤡


27 posted on 09/26/2024 10:40:04 AM PDT by cowboyusa (YESHUA IS KING AMERICA, AND HE WILL HAVE NO OTHER GODS BEFORE HIM!)
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