Thread 512402332

Next year, the US mint will stop making pennies due to inflation. Next will be nickles, then dimes... and so on. A big mac meal is already $20. You already need to carry a $100 to feed your family at the cheapest restaurant in the US. But they're not printing bigger bills. They'll continue to stop making small change. And then one day, you won't be able to buy anything without a card. A card which can be remotely terminated if you're a bad boy who attended the wrong protest.

>>512402477
central bankers fuck off

>>512402332 (OP)
>I got out to eat for multiple meals, why am I poor and retarded?

>>512402332 (OP)
Most people already don't use cash.

>>512402909
This. The transition into the new system will be very smooth, most people won't even know or notice as it all happens on a different layer.

>>512402332 (OP)
Really we should only do quarters and bring back 50 cent pieces. Quarters are used the most in vending machines, laundry mats, aldi carts etc...

fewer and fewer people are using physical cash anyway, almost everything is apple pay or a card. Prices can be rounded to the nearest quarter for cash, honestly arguing about 10 - 15 cents is just not worth your time.

I could see a lot of large stores going cashless in the future, when you calculate all the wasted man hours fumbling with coins and bills, it's probably costing more in wages then it's worth.

Sorry bout the pennies, but Trumpstein had to fulfill another prophecy for The Sanhedrin, you're gonna have to start rounding UP!

The Prophecy Engineers passage in the Talmud: “The Son of David – Moshiach – will not come until the pruta will disappear from the purse” (Sanhedrin 97a). A pruta was the smallest coin in Talmudic times, the penny of those days. In other words, Moshiach’s arrival is dependent upon there being no more prutas, no more pennies, in circulation. Many Sages over the centuries interpreted this passage as a dire warning that the world would someday face widespread financial collapse (RUG PULL), to the extent that people won’t even find the smallest coin left in their pockets. The esoteric message THEY are sending: in order for Moshiach to come there will be no more prutas in circulation & the pre-Messianic world will no longer move in incremental linear steps; but rather in unanticipated, exponential leaps ( geopolitical, economic, social, etc change that would have taken years to manifest, now happen in weeks ). The end of the penny is the birth of the era of Moshiach!

One penny in 1913 bought more gold than one dollar can buy today. Once physical money is abandoned entirely, that will accelerate, since all your money will be some bank's reserves. And fractional reserve lending is a key contributor to inflation.

>>512402332 (OP)
The penny and the nickel both cost more to produce then their face value, the nickel significantly more so. The dime is still profitable for the US Mint. But you can't divide a dime into a quarter without pennies or nickels, so I don't imagine the nickel is going anywhere unless coins in general are going away.

But it should be noted that people are making the choice to go primarily digital, for the same reasons they began using bank notes instead of coins; convenience.

>>512403483
Heheheh, Tennessee is like, Mimal's fleshlight

>>512402332 (OP)
>But they're not printing bigger bills.
Anon.
Anyone can print money, and anyone can accept that money in payment for anything.
Just because central bankers stop printing Federal Reserve Notes, doesn't prevent someone else stepping in and printing something else.
As long as you don't pretend it's an Federal Reserve Note, and exchange it at par you don't have a problem.

>>512405096
>Anyone can print money, and anyone can accept that money in payment for anything.
Because Article I, Section 10, Clause 1 of the Constitution prohibits the states from coining money, the Supreme Court has recognized Congress’s coinage power to be exclusive. The Supreme Court has also construed Congress’s power to coin money and regulate the value thereof to authorize Congress to regulate every phase of currency. Congress may charter banks and endow them with the right to issue circulating notes, and it may restrain the circulation of notes not issued under its own authority. To this end, it may impose a prohibitive tax upon the circulation of notes of state banks or municipal corporations.