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Feds say 1 cent may be worth 5 cents.
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<p>[QUOTE="Just Carl, post: 198911, member: 4552"]Just so many stories lately about the cost of producing our monitary system is becoming a thing like the 1984 book. I don't think anyone really knows how much it costs to produce anything from, by or for the government. There was a news story on TV here last Sunday morning about the new small dollar coins. They explained the government told them it cost 1.7 cents to produce a cent coin. It cost 9 cents to produce a Quarter. They said the goverment told them it will cost ABOUT the same to produce the new dollars. They also said EVERYONE so far is fantastically happy with the new small dollars and will now be using them for parking meters, car washes, laundromants, etc. Every story about the end of the cent, the cost of the cent, the 2009 type of cent and the fact that the world will end soon just makes for good stories for the news media. </p><p>I predict that in a few years our government will be outsourcing the production of our money to China and our coinage will be called the Peso. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> This is based on everything I buy is now made in China and everyplace I go people only speak Spanish. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 198911, member: 4552"]Just so many stories lately about the cost of producing our monitary system is becoming a thing like the 1984 book. I don't think anyone really knows how much it costs to produce anything from, by or for the government. There was a news story on TV here last Sunday morning about the new small dollar coins. They explained the government told them it cost 1.7 cents to produce a cent coin. It cost 9 cents to produce a Quarter. They said the goverment told them it will cost ABOUT the same to produce the new dollars. They also said EVERYONE so far is fantastically happy with the new small dollars and will now be using them for parking meters, car washes, laundromants, etc. Every story about the end of the cent, the cost of the cent, the 2009 type of cent and the fact that the world will end soon just makes for good stories for the news media. I predict that in a few years our government will be outsourcing the production of our money to China and our coinage will be called the Peso. ;) This is based on everything I buy is now made in China and everyplace I go people only speak Spanish. :p[/QUOTE]
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