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 Replies: 95 / Views: 11,876 |
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Pillar of the Community
United States
2271 Posts |
The solution here is remarkably simple. Get rid of the stupid toxix pennies clogging up cash registers and littering the streets first. This will take people about three weeks to be accustomed to.
Then announce the dollar bill is being phased out in favor of a dollar coin and two dollar bill. You won't really have a $2 bill in widespread circulation but it will ease the transition for many people. Then when banks order dollar bills give them 10% of the order in dollar coins. Make them order two's separately. The FEd will not accept any returns on dollar coins until the paper is eliminated. Then simply force the coins on the banks. Watch how fast the banks get them in the hands of customers including retail customers. But this needs to proceed fairly quickly and people need to know in advance that the paper will be gone.
If youfind the $2 bill is widely popular then you can start making plans to switch to a $2 coin but this would take at least a couple years or there would be more resistance.
This plan would have worked smooth as silk 35 years ago with a small dollar coin and we'd have a better econony and better currency system today had it been done. 35 years ago everyone trusted the government to follow through on their work and would have made arrangements to convert machines to accept the coin. Noe everyone is just going to sit back and see if they eliminate the paper and penny or not before making any move at all.
Once the process starts it must move fairly quickly. It takes time for people to get used tothings but most people will find almost immediately this is far more convenient than just sticking all you change in a change jar every day. We've simply forgotten how nice it is to just pay little purchases like tolls, newspapers, and vending machines out of the pocket with coins that don't spread disease and give everyone around a good look at where you keep your money. Within mere weeks a few would be singing the praises of the new system and in a year it would be nearly unanimous.
Time don't fly, it bounds and leaps.
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Bedrock of the Community
United States
20753 Posts |
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Also, what can you get with a dollar now anyway? the only reason I use singles it to make up the shortfall of the other bills I am using. I cant remember the last time I was able to use just a few ones to pay for my purchase. I see one thing noticable with many members here. They do not frequent flea markets, garage/yard/estate sales. Nor any place where haggling is a way of life. It is virtually impossible to tell a seller at those places you can only pay $4 since that is all you have. Or I can offer you $12 for that since that is all I have on me. Sort of the same thing at coin shows, knife shows, computer shows, camera shows, etc. I go to almost all the ones I can find. I always carry a large amount of single dollar bills for just that reason. I go to flea markets 3 times a week lately. Today, at a flea market, I offered a seller $3 for a mirror he was asking $5 for since that is all I have. He said OK and I pulled out $3. Exactly what do you think a seller would say if I pulled out a $ or $10 bill then? |
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Valued Member
United States
410 Posts |
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Today, at a flea market, I offered a seller $3 for a mirror he was asking $5 for since that is all I have. He said OK and I pulled out $3. Exactly what do you think a seller would say if I pulled out a $ or $10 bill then? He would have simply confirmed that you were lying to him instead of simply suspecting you were lying. Do you really think the seller believed you when you said you only had $3? You could have simply offered the man $3 instead of lying and saying you only had $3. |
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Pillar of the Community
United States
2295 Posts |
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They wont stop making the paper dollar because the sole and only company that makes the paper is in the district of one of the more powerful Senators (cant remeber which one offhand) and would stand to lose a good bit of money if the ones were DCed. It is Kerry in MA, where Crane & CO is located. Both are fighting very hard to keep the $1 note. Edited by wquinn
04/27/2012 12:31 pm
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Pillar of the Community
United States
950 Posts |
Just Carl, Youre right. I usually dont go to such places. When I spend money it is usually $25-$50 at once. Quote:
Exactly what do you think a seller would say if I pulled out a $ or $10 bill then?
Then you shouldnt have said you only had 3 :) I know what you mean.. thats a good way to get a better deal. I would just make sure you DO have exactly $3 to hadn him. (Even if you have to move some $50s to get to it.) If this happened in a world of coins rather than bills, you might have a harder time making it look like you really only have 3 dollars. The guy would hear your other coins jingling as you dig in your pocket for $3. |
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Pillar of the Community
United States
1227 Posts |
Carl, I used to frequent yard sales and flea markets all the time and if you have a hard time saying "Hey, I'll give you $8 for this $10 chair," you need to practice more--especially because, as you say, haggling is the "way of life" in such places. No need to mess up your karma by lying, either; a lot of sellers would rather take $8 for that $10 chair and have the cash in hand than go "no, I want my $2!" and wait all day for it to maybe sell, maybe not.
As for the problem posed by requiring a lot of small bills for transactions like yard sales, paying the kid who mows your lawn, getting concessions at a movie--wait, strike that last example, my bad. Anyway, this is precisely what $2 bills are for! I have a guy who comes into my gas station 2-3 times a week for a drink or a snack, and he always pays in $2 bills so he can carry a lesser amount of bills.
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Pillar of the Community
United States
2271 Posts |
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It is Kerry in MA, where Crane & CO is located. Both are fighting very hard to keep the $1 note.
There are a lot of ways to figure it but I'd guess each of those jobs has cost the country a billion dollars and far more in lost sales. Just give each worker a few million and tell him to stay home. ...Now if we could get Kerry & Congress to stay home... Time don't fly, it bounds and leaps.
Edited by cladking
04/27/2012 2:50 pm
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Pillar of the Community
United States
1796 Posts |
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Exactly what do you think a seller would say if I pulled out a $ or $10 bill then? "They help me fib about how much money I have" is not a good argument to keep them. :-) Edited by SteveCaruso
04/27/2012 6:35 pm
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Pillar of the Community
United States
7840 Posts |
I remember the "Dancing George Head" commercial, but not the other two.
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Valued Member
United States
318 Posts |
We are American! We like being us, holding on to our way of life, smug and comfortable sitting in our rut. We are the last country not on Metric. We are the last country with the death penalty. The last without universal healthcare. We were the last country to enter WW2. We will be the last country burning coal for our electricity and the last using fossil fuels to move our people and items around.
And by God, we will be the last country using a one unit bill.
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Bedrock of the Community
United States
20753 Posts |
As I said not many frequent flea markets or similar places. I've had dealers say things like move on or forget it when offering lower prices with no other type of commentary. I've had many, many refuse a simple lower price. In some areas where haggling is a way of life, continuous, silly, commentaries, lying, etc. is expected. I've been doing this for well over 60 years now and I do great with many purchases that would not ever have happened.
I know from most of the commentators here that it is easy to say one thing when there is no experiences in that field. Like I said I go to flea markets about 3 times a week lately.
A long, long time ago in the main part of the City there was a famous place called Maxwell Street. So popular it was redone on TV several times. There it was possibly the origin of haggling in these modern times like the old days of Rome. Sort of a flea market on the streets.
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Bedrock of the Community
United States
17884 Posts |
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It is virtually impossible to tell a seller at those places you can only pay $4 since that is all you have. Or I can offer you $12 for that since that is all I have on me. Well I would never say something like that to a seller unless it was true. I really don't care to lie. It goes against my sense of ethics. |
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Rest in Peace
United States
9104 Posts |
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Name me a business who asks for that order. We did, every week or so. Most don't, because they got tired of special orders, 15 minute time-vault delays, and similar nonsense. If a bank made $10 bills special order, within a year, everyone would take fives and not argue. |
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Rest in Peace
United States
9104 Posts |
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That being said, I think we agree that unless the government eliminates the $1 note from circulation the dollar coin will never catch on. I said that in a letter to the idiot. In 1971. |
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Moderator
 United States
188440 Posts |
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I've never seen this one until now, so I'm not sure if it's real or just made up for youtube, but either way I think we'll all get a good chuckle out of it: I remember that one, as well as the other two. |
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Replies: 95 / Views: 11,876 |
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Posted 04/27/2012 11:13 am
