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 Replies: 70 / Views: 7,047 |
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Rest in Peace
 United States
9104 Posts |
I, too, would like to see some studies that showed prices were raised when the loonies came out, other than the background inflation in, say, the USD.
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Pillar of the Community
1028 Posts |
Nickelman, what is your type of business? I can't really think of one as you have described where coins would be impossible to use.
Regardless, if any government policy change did cause you personal loss I do feel for you. Especially in a recession, the needs of the few cannot outway the needs of the many. Particularly, if the "few" represent really barely anybody.
As a counter-point, I want to point out the such a dramatic change to our lifestyle in terms of personal commerce only saving in the hundreds of millions isn't really that significant in the grand scheme of things.
I have a feeling I'm going to get pushback on this because of the many "older" people on this board, but you've got to cut Medi-care. There are such enormous and unnecessary costs spent on people in the last few years of their life that it can't be sustainable. $20,000 for a "rehab resort" after a hip surgery at 92. Meeting with doctors is fine, massages, living at a luxury resort, and catering is not. My friend's grandmother was asked to do a mammogram at 98 years old and to run a battery of other expensive tests as a "precaution". Hospitals and doctors just bill away for no medical reason. If a 98yr old woman even had cancer, it would never kill her. They probably spent $10,000 at least just for all those tests which she didn't even want. She died 1 month later of natural causes. Medi-care must be cut to avoid the possibility of such abuses.
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Pillar of the Community
United States
1007 Posts |
Getting rid of the paper $1 banknote makes sense. It will save millions in the long run. Politicians trying to protect the manufacturing company in their district is ridiculous because they will still be making $5, $10, $20, $50 and $100 banknotes so they will still have plenty of business.
As for the "heavy pocket syndrome", since most people use check cards and credit cards even for grocery purchases, I doubt if that many people will have problems with bulging pockets.
Other countries have changed, the USA is backwards with this. People will adapt. It's fear of the unknown, resistance to change and politics getting in the way.
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Pillar of the Community
United States
1397 Posts |
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Nickelman, what is your type of business? I can't really think of one as you have described where coins would be impossible to use. I never said impossible, just that it would be a huge pain in the... well, you know. Truth is I already have to deal with huge amounts of coin, as well as a lot of ones. I'm just not looking forward to even more heavy bags, my back hurts enough already.  |
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Bedrock of the Community
United States
12437 Posts |
Used dollar bills are truly filthy things. In one of my college Microbiology lab courses, I wiped and cultured various items used in every day life. The cultures from $1 bills were particularly nasty, my cultures grew fecal coliform and a couple strains of Staphyloccocus amongst other bugs. Coins proved to be much cleaner as evidenced by the fact that many metals have some degree of natural antibacterial properties. Larger denomination notes proved to be a bit cleaner though, probably has alot to do with the fact that $1s make up the bulk of circulating currency and see much more use than the other denominations. Quote:
I can't really think of one as you have described where coins would be impossible to use.
I can think one one- strip clubs  not saying that nickelman is in the Adult Entertainment Industry though... |
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Pillar of the Community
United States
1397 Posts |
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not saying that nickelman is in the Adult Entertainment Industry though... LOL not even close  |
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Rest in Peace
United States
7075 Posts |
I kind of have the feeling that eliminating the dollar bill would cause some inflation but wouldn't that mean that more five dollar bills would have to be printed.
I think were headed for inflation anyway -- that would reduce US debt simply because money would be worth less than when it was borrowed...so I kind of think it will come no matter what.
But as for what people will be carrying around with them... well my husband comes home and empties his pockets onto the dresser. When he prepares to leave the house the next day, he picks up his wallet -- takes out any singles that a bulking it up -- and leaves the rest. Eventually one us decides to dust and all that money goes into a coffee can -- or it used to until I got back into collecting.
So I think all those dollar coins will end up on dressers and in coffee cans.
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Rest in Peace
United States
9104 Posts |
Quote: Quote:
I can't really think of one as you have described where coins would be impossible to use. I can think one one- strip clubs Having seen a girl pick up a SBA from the nose of a supine man, that's not a stopping point. |
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Pillar of the Community
United States
1397 Posts |
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The cultures from $1 bills were particularly nasty, my cultures grew fecal coliform As a fan of the show Mythbusters they showed that you can grow the same things from your toothbrush no matter how clean you think it is. |
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Moderator
 United States
188990 Posts |
The best part the article... Quote:
Not everyone is in agreement with this proposal. Massachusetts Senators Scott Brown (R) and John Kerry (D) have proposed an opposing bill, the Currency Efficient Act, which they claim is to protect the paper dollar bill.
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Are Brown and Kerry really that concerned about the paper dollar bill, or is their another motive behind their proposed act?
The Dollar Coin Alliance claims the two senators are trying to protect Crane&Co., a business in their home state of Massachusetts that supplies the paper used to create dollar bills. Pocket full of change? Once should never have more than four dollar coins at a time (and this assumes the non-use of a two dollar note). If you have more than four dollar notes (or coins) at any time then you are doing it wrong.  |
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Valued Member
United States
257 Posts |
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Pillar of the Community
United States
687 Posts |
Not gonna happen. In a crappy economy, eliminating the dollar bill is like a big fat vote of no confidence on our monetary system. The savings aren't significant enough to risk the negative press congress will get if the one buck is eliminated. I still remember people complaining for years after the small portrait bills were changed and that didn't impact anyone's habits!
The government is better off stopping or slowing down the prez dollar production, investing in longer lasting bills and changing the composition of the cent and nickel to save money that's actually, technically, being lost. Of course any of those things requires and act of congress and coordination with the bureaucracy, so the likely hood that we maintain the status quo is high.
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Rest in Peace
United States
9104 Posts |
Get rid of the cents and nickels. Nothing you can buy with them anyway.
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Moderator
United States
188990 Posts |
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Not gonna happen. In a crappy economy, eliminating the dollar bill is like a big fat vote of no confidence on our monetary system. The savings aren't significant enough to risk the negative press congress will get if the one buck is eliminated. I still remember people complaining for years after the small portrait bills were changed and that didn't impact anyone's habits! Never say never. Yes, people will complain. People are already complaining about everything they can. One more thing will not matter; it will just get lost in the mess and rinsed away at the end of the 24 hour news cycled it was born into. Never underestimate the political spin machine that gets bills like these passed. Quote:
Get rid of the cents and nickels. Nothing you can buy with them anyway. I agree. |
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Rest in Peace
United States
3039 Posts |
Lots of arguments pro and con. We'll just have to wait & see. Saving a few billion over a year is no big deal considering the excessive spending on unpopular wars, welfare fraud, illegal immigrants,foreign aid, etc., etc. etc.......
I would like to see the cent eliminated.
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Replies: 70 / Views: 7,047 |
First Page
Posted 10/01/2011 4:58 pm
