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Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?

 
leonine
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Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
The saga continues, what is next? Those of us that have been around for awhile, and those of us who have studied monetary history, are well aware of what happens when Empires debase their currencies. We have seen Gold and Silver removed from circulation. Copper and Nickle are next, and probably even Zinc. [link to blogs.marketwatch.com]

Last Edited by leonine on 03/04/2014 07:45 PM
lizard king
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
From article..."President Barack Obama’s budget for the fiscal year that starts Oct. 1 says the Treasury is doing a “comprehensive review” of U.S. currency, including the production and use of coins.

Three separate studies are looking at alternative metals for production, U.S. mint facilities, and how consumers use currency.

“These studies…will result in the development of alternative options for the penny and the nickel,” the president’s fiscal year 2015 budget says."
lizard king
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
404: Page Not Found


The document you requested either no longer exists or is not currently available.
A pissed off American veteran!
Rabid Wolf
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03/04/2014 04:11 PM

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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
404: Page Not Found


The document you requested either no longer exists or is not currently available.
 Quoting: ar-15 nut


[link to blogs.marketwatch.com]

^^ that one should work
Fret Wiz
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03/04/2014 04:13 PM

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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
404: Page Not Found


The document you requested either no longer exists or is not currently available.
 Quoting: ar-15 nut

[link to blogs.marketwatch.com]
Fret Wiz

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Seer777
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03/04/2014 04:14 PM

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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
Good. About time.

Makes 0 fiscal sense.

[link to coincollectingenterprises.com]
Difficulties strengthen the Mind as labor does the body...
~Seneca
Anonymous Coward
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03/04/2014 04:16 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
They might as well just do away with them both, at least the penny. Costs more to make them then they're "worth"
leonine (OP)

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03/04/2014 04:16 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
404: Page Not Found


The document you requested either no longer exists or is not currently available.
 Quoting: ar-15 nut


[link to blogs.marketwatch.com]

^^ that one should work
 Quoting: Rabid Wolf
Thanks. Link fixed above.
lizard king
leonine (OP)

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03/04/2014 04:28 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
What is worth more, a One Dollar Bill, or a Dollar in Nickles? " A nickel, in American usage, is a five-cent coin struck by the United States Mint. Composed of 75% copper and 25% nickel, the piece has been issued since 1866." Source Wiki
lizard king
leonine (OP)

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03/04/2014 04:45 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
The Copper Penny was changed to Copper-Plated Zinc during the 1982 mint year. The Copper pennies weigh more than the Zinc ones, they also hold up much better in the elements.

Last Edited by leonine on 03/04/2014 04:46 PM
lizard king
leonine (OP)

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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
Six Nickels weigh about 1.057 ounces. Ten pre-1982 pennies weigh about 1.096 ounces. Ten copper-plated zinc pennies weigh about .088 ounces. So, just as a 1964 Quarter is worth more than one minted today, so has the penny gone. Now, our last piece of value, the American Nickle, is on the chopping block as well.
lizard king
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03/04/2014 05:05 PM

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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
The saga continues, what is next? [link to blogs.marketwatch.com]
 Quoting: leonine


Obama created inflation soon to make the penny and nickel pointless and obsolete.
...but go ahead....keep right on printing.

bmoney
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
Coins are the lawful money, now obuumer wants to cut them?
leonine (OP)

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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
"Debasement is the practice of lowering the value of currency. It is particularly used in connection with commodity money such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel is reduced." [link to en.wikipedia.org]
lizard king
leonine (OP)

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03/04/2014 06:29 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
Good. About time.

Makes 0 fiscal sense.

[link to coincollectingenterprises.com]
 Quoting: Seer777
Having money that has value, is having money that is worth money. It costs more to make a penny and nickle than they are worth largely due to the cost of the metal itself. From link..." Penny and nickel coins were produced at a loss of $42.6 million, nearly double the [Fiscal Year] 2009 loss of $22.0 million.” – This quote can be seen on the U.S. Mint’s Annual Report, 2010 (page 27 & 28)." Sooo, $42.6 million is chump change, compared to the Defense and Interest on the Debt Budgets.
lizard king
Seer777
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03/04/2014 06:50 PM

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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
Good. About time.

Makes 0 fiscal sense.

[link to coincollectingenterprises.com]
 Quoting: Seer777
Having money that has value, is having money that is worth money. It costs more to make a penny and nickle than they are worth largely due to the cost of the metal itself. From link..." Penny and nickel coins were produced at a loss of $42.6 million, nearly double the [Fiscal Year] 2009 loss of $22.0 million.” – This quote can be seen on the U.S. Mint’s Annual Report, 2010 (page 27 & 28)." Sooo, $42.6 million is chump change, compared to the Defense and Interest on the Debt Budgets.
 Quoting: leonine


Yes exactly. I am a metal worker by trade.

'Fiat money' has 0 value, other than that which is placed on said.

hf
Difficulties strengthen the Mind as labor does the body...
~Seneca
Anonymous Coward
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03/04/2014 06:54 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
damn it OP...if I want to carry around 5 dollars, I don't want it to be 6 rolls of coins...
leonine (OP)

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03/04/2014 07:03 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
Good. About time.

Makes 0 fiscal sense.

[link to coincollectingenterprises.com]
 Quoting: Seer777
Having money that has value, is having money that is worth money. It costs more to make a penny and nickle than they are worth largely due to the cost of the metal itself. From link..." Penny and nickel coins were produced at a loss of $42.6 million, nearly double the [Fiscal Year] 2009 loss of $22.0 million.” – This quote can be seen on the U.S. Mint’s Annual Report, 2010 (page 27 & 28)." Sooo, $42.6 million is chump change, compared to the Defense and Interest on the Debt Budgets.
 Quoting: leonine


Yes exactly. I am a metal worker by trade.

'Fiat money' has 0 value, other than that which is placed on said.

hf
 Quoting: Seer777


peace, thanks for the link

Last Edited by leonine on 03/04/2014 07:11 PM
lizard king
leonine (OP)

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03/04/2014 07:10 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
damn it OP...if I want to carry around 5 dollars, I don't want it to be 6 rolls of coins...
 Quoting: Anonymous Coward 55147624
If those six rolls of coins were Silver, I bet you wouldn't complain. Point is, Nickles and Copper pennies are soon to become like Silver coins. It is already getting a little tough to find copper pennies, and once the Nickle is retired, they will "disappear" as well. Think of the metals Copper and Silver as the poor mans Silver. They are still a store of value, they just lack ease of portability.
lizard king
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03/04/2014 07:13 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
damn it OP...if I want to carry around 5 dollars, I don't want it to be 6 rolls of coins...
 Quoting: Anonymous Coward 55147624
If those six rolls of coins were Silver, I bet you wouldn't complain. Point is, Nickles and Copper pennies are soon to become like Silver coins. It is already getting a little tough to find copper pennies, and once the Nickle is retired, they will "disappear" as well. Think of the metals Copper and Silver as the poor mans Silver. They are still a store of value, they just lack ease of portability.
 Quoting: leonine




what can you buy with a nickel today ?

how about a penny ?


OP the us nickel and penny have outlived their usefulness.
Anonymous Coward
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03/04/2014 07:23 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
Doesn't obama have ANYTHING better to do???
Anonymous Coward
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03/04/2014 07:25 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
he just wants to make them out of shitty trash metal.
good idea.
Kirk

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03/04/2014 07:26 PM

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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
Coins are the lawful money, now obuumer wants to cut them?
 Quoting: Boris the Cat


nothing but paper.
At least you will have arse wipe but -
nothing to eat.
Worry is a misuse of the imagination.
rachel3108
resurgence of the R brain

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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
So if we dont want thr mark of the beast - no money?
Boris the Cat

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03/04/2014 07:30 PM

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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
Coins are the lawful money, now obuumer wants to cut them?
 Quoting: Boris the Cat


nothing but paper.
At least you will have arse wipe but -
nothing to eat.
 Quoting: Kirk


Coins aren't made by the federal reserve I thought?
leonine (OP)

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03/04/2014 07:31 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
damn it OP...if I want to carry around 5 dollars, I don't want it to be 6 rolls of coins...
 Quoting: Anonymous Coward 55147624
If those six rolls of coins were Silver, I bet you wouldn't complain. Point is, Nickles and Copper pennies are soon to become like Silver coins. It is already getting a little tough to find copper pennies, and once the Nickle is retired, they will "disappear" as well. Think of the metals Copper and Silver as the poor mans Silver. They are still a store of value, they just lack ease of portability.
 Quoting: leonine




what can you buy with a nickel today ?

how about a penny ?


OP the us nickel and penny have outlived their usefulness.
 Quoting: Anonymous Coward 55147624
I think you miss the point. In 1964, you could actually buy something with a Silver Quarter, even a Dime. Now, $10 of Silver Quarters will set you back almost $200 to buy them. A 1934 or 1957 series One Dollar Bill can be bought for under $1.25. Those who hold paper, lose their "store of value." So, once again, what is worth more, and will be worth more 100 years from now, A piece of Linen with green ink on it, that says One Dollar, or 100 pennies?
lizard king
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03/04/2014 07:40 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
damn it OP...if I want to carry around 5 dollars, I don't want it to be 6 rolls of coins...
 Quoting: Anonymous Coward 55147624
If those six rolls of coins were Silver, I bet you wouldn't complain. Point is, Nickles and Copper pennies are soon to become like Silver coins. It is already getting a little tough to find copper pennies, and once the Nickle is retired, they will "disappear" as well. Think of the metals Copper and Silver as the poor mans Silver. They are still a store of value, they just lack ease of portability.
 Quoting: leonine




what can you buy with a nickel today ?

how about a penny ?


OP the us nickel and penny have outlived their usefulness.
 Quoting: Anonymous Coward 55147624
I think you miss the point. In 1964, you could actually buy something with a Silver Quarter, even a Dime. Now, $10 of Silver Quarters will set you back almost $200 to buy them. A 1934 or 1957 series One Dollar Bill can be bought for under $1.25. Those who hold paper, lose their "store of value." So, once again, what is worth more, and will be worth more 100 years from now, A piece of Linen with green ink on it, that says One Dollar, or 100 pennies?
 Quoting: leonine



nope, not missing the point at all...Copper and Nickel are fairly abundant in the earth's crust hence that's why they are NOT precious metals...
leonine (OP)

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03/04/2014 08:13 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
...
If those six rolls of coins were Silver, I bet you wouldn't complain. Point is, Nickles and Copper pennies are soon to become like Silver coins. It is already getting a little tough to find copper pennies, and once the Nickle is retired, they will "disappear" as well. Think of the metals Copper and Silver as the poor mans Silver. They are still a store of value, they just lack ease of portability.
 Quoting: leonine




what can you buy with a nickel today ?

how about a penny ?


OP the us nickel and penny have outlived their usefulness.
 Quoting: Anonymous Coward 55147624
I think you miss the point. In 1964, you could actually buy something with a Silver Quarter, even a Dime. Now, $10 of Silver Quarters will set you back almost $200 to buy them. A 1934 or 1957 series One Dollar Bill can be bought for under $1.25. Those who hold paper, lose their "store of value." So, once again, what is worth more, and will be worth more 100 years from now, A piece of Linen with green ink on it, that says One Dollar, or 100 pennies?
 Quoting: leonine



nope, not missing the point at all...Copper and Nickel are fairly abundant in the earth's crust hence that's why they are NOT precious metals...
 Quoting: Anonymous Coward 55147624
If it were not for the "intent" of the mining companies to find Gold, and thereby recovering Copper as a bonus, the Copper price would be much higher. This holds true for Zinc and Lead as well, since they are commonly found in the pursuit of Silver. Stop shillin, start chillin. Or do you just want to argue with someone like me? Bring your game hat, cause I ain't no candy ass.
lizard king
Copper Ahead
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03/04/2014 08:18 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
Six Nickels weigh about 1.057 ounces. Ten pre-1982 pennies weigh about 1.096 ounces. Ten copper-plated zinc pennies weigh about .088 ounces. So, just as a 1964 Quarter is worth more than one minted today, so has the penny gone. Now, our last piece of value, the American Nickle, is on the chopping block as well.
 Quoting: leonine


I can see it now. One day in the near future of America, 1 ounce of Copper will be valued at $1.00. The cities are already being stripped clean.
Anonymous Coward
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03/04/2014 08:20 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
"Debasement is the practice of lowering the value of currency. It is particularly used in connection with commodity money such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel is reduced." [link to en.wikipedia.org]
 Quoting: leonine


The value of the coin isn't its metal. Its the full faith and credit of the United States. Ours is a fiat currency. Debasement is about commodity based currencies.


It is particularly used in connection with commodity money such as gold or silver coins.

[link to en.wikipedia.org]


That's your own article.
Anonymous Coward
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03/04/2014 08:21 PM
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Re: Obama wants to change penny and nickle, Currency Reset? Mark of the Beast?
he just wants to make them out of shitty trash metal.
good idea.
 Quoting: Anonymous Coward 19141303


Imported from China

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