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<p>[QUOTE="NorthKorea, post: 1300190, member: 29643"]Doing away with the first saves the US gov't $133mm a year. Doing away with the second saves the US gov't $1.546T a year and removes about $116T of liabilities from the overall ledger (or about $4T from the current national debt).</p><p><br /></p><p>Also, I'm for keeping the dollar bill. History seems to show that elimination of notes from the currency stream results in inflation. I'm probably viewing this wrong, but the main example I can think of is Japan. In the 1870s, 1 yen contain 24.26g of silver and 1 Trade Dollar contained 24.48g of silver. Since then, the smallest note in US currency circulation has remained the $1 bill. By contrast, the smallest note currently issued by the BOJ is the 1000 Yen note.</p><p><br /></p><p>Coincidence? Maybe. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" /> (For the record, it costs 2642 yen and $34 for 1 troy ounce of silver today. SAVE THE DOLLAR BILL!!!)[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 1300190, member: 29643"]Doing away with the first saves the US gov't $133mm a year. Doing away with the second saves the US gov't $1.546T a year and removes about $116T of liabilities from the overall ledger (or about $4T from the current national debt). Also, I'm for keeping the dollar bill. History seems to show that elimination of notes from the currency stream results in inflation. I'm probably viewing this wrong, but the main example I can think of is Japan. In the 1870s, 1 yen contain 24.26g of silver and 1 Trade Dollar contained 24.48g of silver. Since then, the smallest note in US currency circulation has remained the $1 bill. By contrast, the smallest note currently issued by the BOJ is the 1000 Yen note. Coincidence? Maybe. :P (For the record, it costs 2642 yen and $34 for 1 troy ounce of silver today. SAVE THE DOLLAR BILL!!!)[/QUOTE]
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