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Canadian Fools Drop Penny To ~SAVE~ Money?!!

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posted on Mar, 31 2012 @ 05:37 AM
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reply to post by yourmaker
 


Keep it crunk up, John Blaze.




posted on Mar, 31 2012 @ 05:40 AM
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Originally posted by XXX777

Originally posted by boymonkey74
reply to post by XXX777
 

Oh and I agree with the Canadians why make a penny if it costs more to make?


Precision.

We like to be exact and precise. Sort of like the way our bombs function. Right to the point. On target. True. Effective.


At the very end of WW 2, the American army air force decided to bomb the Hydro plant in Norway (where the Germans were making heavy water for their atom bomb project) the U.S.A.A.F, dropped 900 bombs, 18 landed on or near the target, yep, that Dutch bombsite (Norden was Dutch) worked well.



posted on Mar, 31 2012 @ 05:40 AM
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Originally posted by XXX777

Originally posted by thismightbesatire
You're trolling and you can't even keep your own thread on topic.

I shall remind you, it was about Canada dropping the penny to save money. You've tried to turn it into some kind of one-man-internet-rally about how awesome America is.

Please provide some decent information about Canada and their proposed idea to drop the penny...



The Canadian penny is a token of fiat money.
The Canadians want to stop producing the token of fiat money.
They claim they will save fiat money in this way.
Oh sure.
They'll save it alright.


I starred this post. Truth be told, most Canadians would wonder why we still have the penny? And yes, it would be much easier without it. But this move is not for the common people, banks making deals on different fractions is far more profitable than regular people rounding up the dollar.



posted on Mar, 31 2012 @ 05:41 AM
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Here is another example of an extremely ''duh'' moment in history....

The Federal Reserve dumped trillions of Dollars on the world at large.
Do you think they were trying to ~save~ money by doing this?

Come on, people. Get with it. A penny saved is a penny earned.



posted on Mar, 31 2012 @ 05:43 AM
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Originally posted by XXX777
post removed by staff


You obviously didn't look into the story before authoring this troll thread. We will use the "penny" in electronic transactions and accounting balances are already rounded up to the nearest dollar...


edit on 31-3-2012 by Corruption Exposed because: (no reason given)

edit on Sat Mar 31 2012 by DontTreadOnMe because: (no reason given)



posted on Mar, 31 2012 @ 05:45 AM
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Originally posted by Corruption Exposed

Originally posted by XXX777
post removed by staff.


You obviously didn't look into the story before authoring this troll thread. We will use the "penny" in electronic transaction and accounting balances are already rounded up to the next dollar...



And now you choose the digital versus the physical. Good luck with that.

edit on Sat Mar 31 2012 by DontTreadOnMe because: (no reason given)



posted on Mar, 31 2012 @ 05:50 AM
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reply to post by XXX777
 


There is a big difference between what your OP is about and what factual reality is happening with the Canadian penny.




You obviously didn't look into the story before authoring this troll thread. We will use the "penny" in electronic transaction and accounting balances are already rounded up to the next dollar...


^ has nothing to do with your OP which is based in fantasy land
edit on 31-3-2012 by RealSpoke because: (no reason given)



posted on Mar, 31 2012 @ 05:51 AM
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Originally posted by XXX777
Here is another example of an extremely ''duh'' moment in history....

The Federal Reserve dumped trillions of Dollars on the world at large.
Do you think they were trying to ~save~ money by doing this?

Come on, people. Get with it. A penny saved is a penny earned.


You think that just because a country prints more money that it's worth more? wow.

A penny saved is a penny earned?

US Military spending for 2011 - 687 Billion Dollars
Canadian Military spending - 20 Billion Dollars



posted on Mar, 31 2012 @ 05:57 AM
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Originally posted by Cocasinpry

Originally posted by XXX777
Here is another example of an extremely ''duh'' moment in history....

The Federal Reserve dumped trillions of Dollars on the world at large.
Do you think they were trying to ~save~ money by doing this?

Come on, people. Get with it. A penny saved is a penny earned.


You think that just because a country prints more money that it's worth more? wow.

A penny saved is a penny earned?

US Military spending for 2011 - 687 Billion Dollars
Canadian Military spending - 20 Billion Dollars


See?
We cranked out more money so we could spend more money.
So what if a penny costs three cents to manufacture?
How much do you think that $100 bill cost to manufacture?
Think there was a little left over to fund the manufacture of some pennies?
How about all the Dollars that were brought into existence by a mere stroke of the electronic pen?
Did it balance out? Did it profit?
Did you know that the Federal Reserve gives money to the United States government every year? They do. They give all profits back to the government. How can they do that if they are losing money? Those Federal Reserve profits more than pay for the Mint's cost of minting the coins. Yes. Even the lowly penny.



posted on Mar, 31 2012 @ 06:00 AM
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reply to post by XXX777
 


I guess you don't realize the concept of inflation



posted on Mar, 31 2012 @ 06:00 AM
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The Bureau of Engraving and Printing makes the paper money and the Mint makes the coins.
They have a huge overhead that has to be paid.

Huh?

The Federal Reserve makes huge profits every year and they give every penny of it back to the United States Government which operates the BEP and the Mint. Piece of cake! We eat our cake, too!



posted on Mar, 31 2012 @ 06:02 AM
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Originally posted by RealSpoke
reply to post by XXX777
 


I guess you don't realize the concept of inflation


Which inflation are you talking about? There is inflation of prices and inflation of money supply and inflation of population. Can you narrow it down?



posted on Mar, 31 2012 @ 06:03 AM
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reply to post by XXX777
 


So I guess we should start printing decimals while we're at it. How about a half cent? or a tenth of a cent? You're not making any sense at all. We've always rounded off to the penny and you've never had a problem with that, even when the penny was worth WAY MORE than it is worth today.


It doesn't even matter because the rate of inflation is only going to increase and soon both the American and US dollar won't be worth anything at all. A bag of chips used to cost a few pennies, now it costs a few bucks, a few generations from now it'll be a few hundred bucks.



posted on Mar, 31 2012 @ 06:06 AM
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Originally posted by Cocasinpry
reply to post by XXX777
 

We've always rounded off to the penny and you've never had a problem with that,


I can sense your frustration.
But how will you round off to the penny if you do away with the penny?



posted on Mar, 31 2012 @ 06:09 AM
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What you don't know is that I am a trained economist with a casual writing and conversation style. Plus a good sense of humor.



posted on Mar, 31 2012 @ 06:12 AM
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reply to post by XXX777
 


The inflation of the money supply which leads to the inflation of prices.

Our current inflation is inflated way more than the population so if you are going to try and retort with that then, fail.



posted on Mar, 31 2012 @ 06:18 AM
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Originally posted by RealSpoke
reply to post by XXX777
 


The inflation of the money supply which leads to the inflation of prices.

Our current inflation is inflated way more than the population so if you are going to try and retort with that then, fail.


The population is growing naturally.
The people need money to use. It is in the U.S. Constitution.
So the money supply must grow to accommodate the population.
The ''scarcity'' of money is alleviated by this growth in the money supply, thus keeping prices low.

Are you falling behind in the area of wage earning? If so, then you may erroneously believe that things are becoming more expensive. In fact, things are becoming cheaper. We in America are living better than ever before.

I want to mention also that the game of Capitalism requires the accumulation of capital. Duh. So many people forget this important fact. They just go shopping!!

When one saves, I mean really ''saves'' those pennies and accumulates capital, then one can begin to enjoy the fruits of capitalism via interest earned on savings, or income from investment, dividends, etc.


edit on 31-3-2012 by XXX777 because: saving



posted on Mar, 31 2012 @ 06:31 AM
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reply to post by RealSpoke
 


Oh and another thing, the money supply has to grow rapidly to accommodate all the people around the world that want to hold U.S. Dollars not just American citizens. Believe it or not, people really want that Dollar. We rule. They bow down to us. Fact.



posted on Mar, 31 2012 @ 06:42 AM
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reply to post by XXX777
 


Nah I will stick to my GREAT British pound thank you



posted on Mar, 31 2012 @ 07:12 AM
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of course this is why so many countries are dropping the dollar as an instrument of trade
the Euro, China, Russia, India, all the oil trading nations, the Asian Trading Block
the USD that the US should constitutionally create ( like dead Kennedy tried to do) but who SLAVISHLY borrow and pay Illegal interest ( because they sheeply let Kennedy get discontinued ) has many similarities to the OP.

"Inflated" would be one word that comes to mind

Ps Canada has a national central bank
quite Unlike the private Royal Luciferian enslavement psyop that the US uses to create its fiat currency

Bow down suckers?
you can't match a body thats already in the dirt son.
edit on 31-3-2012 by Danbones because: (no reason given)




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