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Ending Penny Production
Armstrong Economics ^ | 11 Feb 25 | Martin Armstrong

Posted on 02/11/2025 7:51:00 AM PST by delta7

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Pictures of the US Penny timeline is awesome. His commentary, extraordinary. Easy to see where this is going.
1 posted on 02/11/2025 7:51:00 AM PST by delta7
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To: delta7

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?


2 posted on 02/11/2025 7:53:52 AM PST by GOPJ (Democrats are the party of angry black women, sexual weirdos and white liberal elites. It's a fail.)
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To: delta7
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:
3 posted on 02/11/2025 7:54:28 AM PST by MoneyBack
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To: delta7
Get rid of dimes, too. It costs over 10 cents to make a nickel.

5 cents to make a dime...

4 posted on 02/11/2025 7:54:50 AM PST by Sacajaweau
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To: delta7

“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.


5 posted on 02/11/2025 7:55:58 AM PST by TexasGator (!'/111'r/11111.111''!11)
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To: delta7

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


6 posted on 02/11/2025 7:58:25 AM PST by ViLaLuz (2 Chronicles 7:14)
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To: MoneyBack
"Martin is arguably the greatest con man of all times."

Armstrong: GEEZ! No big deal. I only skimmed a few million from my clients.


7 posted on 02/11/2025 8:02:09 AM PST by TexasGator (!'/111'r/11111.111''!11)
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I usually decline to accept pennies in my change. They just take up space in my pocket.


8 posted on 02/11/2025 8:02:10 AM PST by Rio
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To: delta7
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.


9 posted on 02/11/2025 8:23:59 AM PST by Leaning Right (It’s morning in America. Again.)
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To: MoneyBack

ADS N00b Retread Marker


10 posted on 02/11/2025 8:28:04 AM PST by aMorePerfectUnion (🦅 MAGADONIAN ⚔️ LIFE )
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To: Leaning Right

Wiki:

(19/113⁄4), pronounced “nineteen and eleven three farthing(s)”.

19/113⁄4 was a value used to make goods seem “significantly” cheaper than £1, usage similar to the modern £0.99


11 posted on 02/11/2025 8:29:49 AM PST by TexasGator (!'/111'r/11111.111''!11)
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To: aMorePerfectUnion

“ADS N00b Retread Marker”

Convicted scammer shill marker.


12 posted on 02/11/2025 8:31:06 AM PST by TexasGator (!'/111'r/11111.111''!11)
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To: delta7

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.


13 posted on 02/11/2025 8:36:38 AM PST by alloysteel ( Beware the old soldier. There's a reason he's old.)
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To: delta7

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.


14 posted on 02/11/2025 8:38:23 AM PST by Ruy Dias de Bivar
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To: Ruy Dias de Bivar

15 posted on 02/11/2025 8:51:12 AM PST by TexasGator (!'/111'r/11111.111''!11)
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To: delta7

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.


16 posted on 02/11/2025 9:00:33 AM PST by libertylover (Our biggest problem, by far, is that almost all of big media is AGENDA-DRIVEN, not-truth driven.)
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To: delta7

Trump killed Lincoln again....?


17 posted on 02/11/2025 10:09:24 AM PST by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: delta7

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


18 posted on 02/11/2025 10:38:42 AM PST by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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To: aMorePerfectUnion

MoneyBack and TG is the same person...


19 posted on 02/11/2025 10:39:43 AM PST by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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To: delta7

IATG

IAMB


20 posted on 02/11/2025 10:40:04 AM PST by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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