US US Politics General - Discussion of President Biden and other politicians

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Romulus augustulus said:
US Mint has made 300 billion pennies since records were started. due to inflation they now strike 4-8 billion a year. many people want them to discontinue the penny, like most other nations have done. it would save the mint millions as it takes ~3 cents to make 1 penny.
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Well, pennies would be phased out if everything has prices that are divisible by 5. Instead it's all $X.99 + sales tax so it's never a number divisible by 5.
 
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Romulus augustulus said:
US Mint has made 300 billion pennies since records were started. due to inflation they now strike 4-8 billion a year. many people want them to discontinue the penny, like most other nations have done. it would save the mint millions as it takes ~3 cents to make 1 penny.
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I always remember them talking about getting rid of pennies. What I'd prefer is something akin to a reserve stock split, where you revalue entirely. With currency though you'd usually have to do something like they did with the old Shekels vs the New Israeli Skekel, trade in 100 old ones for new ones. When you start having to deal with trillions to talk about economics. and the largest printed bill, the $100 can barely by 8 regular hamburgers it would be nice. I know that would cause some kind of world economic panic though, so won't happen unless some true hyperinflation goes on.
 
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Drag-on Knight 91873 said:
Well, pennies would be phased out if everything has prices that are divisible by 5. Instead it's all $X.99 + sales tax so it's never a number divisible by 5.
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Pennies would still exist as a ledger unit. would not be that unusual, cash sales often get discounted because of the CC processing fees. Cash sales would have to be divisible by 5 or preferably 10 as nickels also cost more than face value to mint. since they are actually made of nickel (the only US coin still back by what it's supposed to be) it costs a dime to make a nickel.
another ledger unit in very common use is the mill. one mill is 1/10th of a cent or 1/1000th of a dollar. its what the fraction on the gas station sigh represents. Its also used in banking.
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mlanguishi said:
I always remember them talking about getting rid of pennies. What I'd prefer is something akin to a reserve stock split, where you revalue entirely. With currency though you'd usually have to do something like they did with the old Shekels vs the New Israeli Skekel, trade in 100 old ones for new ones. When you start having to deal with trillions to talk about economics. and the largest printed bill, the $100 can barely by 8 regular hamburgers it would be nice. I know that would cause some kind of world economic panic though, so won't happen unless some true hyperinflation goes on.
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that's called retariffing and recoining, and it's nearly always used in times of deep economic crisis. the only time it doesn't cause problems is when a nation is abandoning one currency for another. like when countries swtiched to the euro, or when the UK went to a decimal based system in 1971.

fun fact, the old british coin system pound, shilling, guinea, pence etc was almost a complete copy of the roman system. the denarius in it's debased form was 240 to the roman pound, and english pennies were originally silver and 240 to the British pound.

this also shows through in the coin's abbreviations:
L = Libra (latin for pound of weight) = the pound
S= Solidus = shilling
D = Denarius = penny
 
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Senate Strikes Deal to Vote on Spending Bill Just as Funding Expires​

Senators struck a deal late Friday night to pave the way for the passage of a $1.2 trillion spending bill to fund more than half the government, with a final vote set for the early hours of Saturday morning.

The agreement, which allowed Republicans in the Senate to hold a series of politically charged votes on proposed changes, came after hours of haggling that threatened to push the government into a brief partial shutdown over the weekend. Instead, it appeared that the funding lapse, which started at midnight, would last a matter of hours and have no practical effect.

“It’s been a very long and difficult day,” Senator Chuck Schumer, Democrat of New York and the majority leader, said as he announced the deal. “But we have just reached an agreement to complete the job of funding the government. It is good for the country that we have reached this bipartisan deal. It wasn’t easy, but our persistence has been worth it.”
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FunPosting101 said:
All of that seems way too risky to me, and I think the smarter lefties/liberals know that it's too risky as well.
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Define risky. The left have hit the point of no return and then some. Trump getting back into office is the end of whatever nigh apocalyptic bullshit they are planning for in the year 2030, not to mention that Trump's got no reason to play nice and the masses won't tolerate the left/liberal media/elite's bullshit again. Try and start race riots? People will get out their guns or weaponize cars and start killing the protestors and that's not counting the fact that they lost Twitter and won't be able to pull their bullshit, especially since Hollywood is openly saying they are in a dire situation financially and that every CEO and studio openly saying "we have to survive 2024", as if to say that the real impact of losing that sweet Anti-Life DEI money is going to hit them like a truck this year, especially since the writer/actor strike fucked up Hollywood to the point that the only projects they have planned for this year are holdovers from last year that were kept in reserve due to the strike. And the left don't really have anyone left outside maybe Elizabeth Warren and Gavin Newsome; the former having "obnoxious hypocritical school teacher cunt "energy and the later basically an anti-life abomination who raped the corpse of California while singing "Brandy, You're a Fine Girl".

And even if Biden DOES win, it will require a massive steal that they won't be able to cover up and worse, a masses that won't tolerate it since most people were willing to eat shit and embrace the lie that Biden won 2020 on the lie that Biden and the DNC/left gave that "Put the DNC back in charge and the beatings and raping will stop, you pathetic little shithead". Which hasn't happened.

At this point, a lot of people in the DNC and Elite probably figure that Civil War is inevitable and that DNC might as well initiate it NOW while they control the government and can go full fascist dictator with the full force of the state at their command and their opponents are caught off-guard and not ready in the least bit. Go fucking hard, kill every Trump family member in sight (even the quisling traitor ones like Trump's sister) and their supporters, and anyone who might be a potential subversive/insurgent, and hit the nation like a speeding truck ala Pinochet and his takeover. Full shock doctrine takeover and use Biden as frontman dictator until he dies and then faux "soften" your dictatorship for the rest of the world and hope you buck broke the masses to such an irreversible degree they'll thank you for it, if only because they know you'll vanish/kill them if they don't thank you for destroying our Democracy and plunging the country into a one party fascist dictatorship.
 
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dustbuster said:
Pennies.
Malicious compliance is a must with this.
Container trucks of pennies.

The state AG's office will be forced to count 48500000000 pennies, weighing a total of 121200000 KG (121.2 THOUSAND metric tons), one by one.
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I ran the numbers on the zinc. It's actually not worth it to melt them down, Trump would only get a little bit more than 310 million out of that and a little bit of change from the copper.
 
Drag-on Knight 91873 said:
Well, pennies would be phased out if everything has prices that are divisible by 5. Instead it's all $X.99 + sales tax so it's never a number divisible by 5.
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My 3rd world country got around the issue by making everyone round up or down to the nearest divisible price at the final total for retail. (The numbers still exist for digital transactions though). You guys would be just fine if you dropped the penny now.
 
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Reinhardo-sama said:
I ran the numbers on the zinc. It's actually not worth it to melt them down, Trump would only get a little bit more than 310 million out of that and a little bit of change from the copper.
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its illegal to melt down US coinage punishable by 5 years in prison and a fine of 10,000 dollars.

but if you were to break that law your best bet would be pre-1982 pennies which were copper. more profit that way.
XYZpdq Jr. said:
I want more elaborate conspiracy theories about why we still bother with pennies, like Pee-Wee's Playhouse left breadcrumbs to the... something
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its entirely down to lobbying groups. the treasury and US Mint have wanted to discontinue the penny, nickel and dollar bill for decades. The average dollar bill gets so much usage that they have a unacceptably high attrition rate - the treasury spends millions reprinting damaged bills each year. the treasury would save billions of dollars if they stopped printing ones.
the original plan was to replace them with a coin, you might remember them:
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They got so far along in the process that ALL vending machines and other machines that take coins were retooled for this new coin, and the US mint was distributing them to banks, post offices and stores on govt. property and then congress pulled the rug out from under the program and passed a law to protect the dollar bill.

if the plan had went through the lowest denomination bill would have been the $2, which is a money waster since this plan fell through. the government prints millions of them each year and they do not circulate at all. half the stores you spend them in will think they are counterfeit. because they don't circulate the US governments emergency physical cash reserves that are stored in a bunker in Virginia consists of many many pallets of 2 dollar bills. the world of US coins and bills is surprisingly full of back stabbing, scandals and theft.
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XYZpdq Jr. said:
too bad they didn't get far enough along to have somebody point out "it literally feels exactly like a quarter"
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that's why they are a brass alloy, and are 2mm wider and ~.5mm thicker. now the Susan B. Anthony dollars from the carter era got confused for quarters all the time. they even called them "carter's quarters" because with the inflation what used to be a quarter was now a dollar.
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Last worth dollar the mint put out was the Ike dollar. it was silver dollar sized. most were copper-nickel base metal coins but millions were also struck in 40% silver. I like spending the base metal ones. confuses cashiers. this one is silver:
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