[delta7]

Pictures of the US Penny timeline is awesome. His commentary, extraordinary. Easy to see where this is going.

[GOPJ]

It costs two cents to make a penny...

That’s the kind of craziness Trump hates. We’re either downsizing the debt or we’re idiot deadbeats set on failure.

Which one is it?

[MoneyBack]

Pictures of the US Penny timeline is awesome. His commentary, extraordinary.

Armstrong Economics (AE) is run by Martin A. Armstrong

Martin is arguably the greatest con man of all times.

He started his career as a school dropout and had two business failures. As a convicted felon (today still unrepentant), he spent 11 years in jail for cheating investors out of $700 million and hiding $15 million in assets from regulators.

Hidden rare coins cache

In his own court case in 2019, he claimed ownership of $2.5 million of assets that he hid from prosecutors (his booty). He lost the court case and paid $291,439.30 compensation. The assets were returned to the receivers.

Martin is arguably the biggest liar of all times and keeps scamming clients by selling snake oil like useless books and reports, subscriptions and conferences. He markets these mainly with false performance claims, most often as a swindler posing as a genuine customer.

Some of his fraudulent claims:

• AE Runs a computer that predicts the future and has never been wrong.
• The US government incarcerated him because they wanted his computer for their own forecasts.
• He is a computer programmer who wrote his computer that is the only functioning AI system in the world.
• Many governments world wide have used him as an advisor.
• His web site is a public service and contains no advertisements.

[Sacajaweau]

Get rid of dimes, too. It costs over 10 cents to make a nickel.

5 cents to make a dime...

[TexasGator]

“But the ultimate goal is to push us into a cashless society.”

The push to get us into a cashless society started in 1857 with the end of the 1/2 cent coin.

[ViLaLuz]

We have bazillions of pennies. No need to strike more.

[Leaning Right]

I say we go in the opposite direction. We should start minting farthings (1/4 pennies). Why? It’s just because I like to be different.

[alloysteel]

The denominations of the US currency is based on the decimal system, starting with the mill, one-one thousandth of a dollar, the cent, one-hundredth of a dollar, the dime, one-tenth of a dollar, then the dollar, then the eagle, the correct designation of 10 dollars.

Nobody uses the mill any more, except in gasoline prices and for tax rates based on valuation of real estate for property taxes. The one-cent coin is headed for oblivion, and the nickel may not be far behind, as the dollar is steadily eroding in value, and the ten-dollar burger and fries is already a reality in many places. Not that long ago that the burger and fries WITH a frosty A&W Root Beer mug was sixty-five cents.

[Ruy Dias de Bivar]

Back in 1956 a first class letter cost 3 cents to mail. Today it is 73 cents. That means a quarter today will buy what one penny would buy in 1956. The quarter today is the new penny.

[libertylover]

Good! And I have some experience with “no penny living”.

When I was stationed in England in the mid 1970s, 1970’s! we didn’t have any pennies on base. Transactions were rounded to the nearest nickel and we NEVER missed having pennies.

Nowadays, with so many transactions using credit/debit cards, there would be no need to round those transactions, only cash transactions.

[Vendome]

Trump killed Lincoln again....?

[kiryandil]

Note that MoneyBack-TexasGator posted within a minute and a half of one another...

[kiryandil]

IATG

IAMB

[Delta 21]

Half penny, two penny, gold Krugerrand
He was exceedingly rich for such a young man
Sad story, old story
Bring out the band
Another divorce just a few hundred grand

Half penny, two penny, back of the queue
Yes mister poor man this means you
Justice for money what can you say
We all know it’s the American way

Yes, I’m gonna shake myself loose
Back home across the sea
Where I know that I will be free

[mewzilla]

For the last few decades pennies were only good for squishing in those penny squishing machines...

C’est la vie.