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 Replies: 12 / Views: 1,420 |
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Valued Member
United States
148 Posts |
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Pillar of the Community
Canada
3692 Posts |
It wouldn't be worth while to them because they would have to create more coinage to compensate. There are too many lobbyists on the side of paper/cotton bills.
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Valued Member
 United States
148 Posts |
Maybe we should stop printing money for a while. Just a thought? :)
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Pillar of the Community
United Kingdom
2624 Posts |
We discussed this recently...
I wanted to know if the coins have become more popular yet but alas no. I was informed that politics dictate that no one has the will to force a change.
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Bedrock of the Community
United States
36770 Posts |
With all the dollar coins in storage it would be an easy thing to drop the $1 Fed Note. The only problem is it won't happen, the private bankers known as the Federal Reserve get interest money from the U.S. tax payer for every note in circulation. Using dollar and $2 coins cuts the bankers out of the picture bringing that money directly to the U.S. Treasury. Our political hacks know as Treasury Secretaries (ex-bankers) won't let it happen.
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Valued Member
United States
148 Posts |
How do they get interest money?
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Pillar of the Community
United States
593 Posts |
Time to get rid of pennies and nickels, too. Round everything to 0.1 dollars. Replace $1 paper money with coins.
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Valued Member
United States
88 Posts |
I don't see it happening any time soon, but during my recent trip to France I became quite accustomed to the use of the 1 and 2 Euro coins- they were quite convenient and easy to use. If only more people used the dollar coins over here in the US  |
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Valued Member
United States
419 Posts |
I wish they would, I'd much rather have dollar coins then old dirty dollar bills... Apparently most of them have traces of drugs on them... Why wouldn't they get rid of them? I wish more folks would use the $1 coins....
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Bedrock of the Community
United States
36770 Posts |
Quote:
How do they get interest money? Currently all we do is exchange FED money (interest attached) for real U.S. money (interest-free) dollar for dollar as Kennedy tried to do. We should not be required to pay interest on our own currency. According to Benjamin Franklin, this was one of the primary reasons we fought the Revolutionary War. Today we are still fighting the same family of bankers (Reference 4, Reference 1, P. 211, 212).Read the whole story here http://www.apfn.org/apfn/fed_reserve.htm |
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Pillar of the Community
United Kingdom
2624 Posts |
No disrespect but the American monetary system is crazy...and maybe it is not widely known how it works.
My basic understanding is this...When the American government want money they ask the federal reserve bank to print it. The federal reserve bank is privately owned. It prints the notes but for every dollar it prints and gives to the government the government owes that amount plus a little interest. That means that the amount owed is always more than the amount of physical currency... meaning the cycle can never finish because in order to pay back the debt they would have to get more money printed meaning more debt....
Maybe someone can put it more accurately or more eloquently but that is the rough idea...
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Bedrock of the Community
United States
36770 Posts |
DavidUK, you get it. Wish more Americans knew what was going on. To make things even worse, the Fed orders the currency from the U.S. Department of the Treasury, Bureau of Engraving and Printing. And guess who gets the bill for their employees and printing...yep, the U.S. tax payers.
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Valued Member
United States
88 Posts |
Since we're technically loosing money by literally making money, is the process of making coins the same way or is it different?
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Replies: 12 / Views: 1,420 |
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Posted 07/12/2012 8:51 pm
