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Moderator
 United States
189142 Posts |
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I liked the example that Rick Santelli had on MSNBC a few days ago. Yep need to REALLY cut back. This cut back will be like saving $0.005 when owing $15,000,000 This is the problem. No one wants to cut the small things because they feel it would not make a difference. This is as bad as those that do not vote because they feel that one vote will not matter. People ignore the cumulative effects of action. A hundred small things are as good as one big thing. |
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Valued Member
United States
193 Posts |
Here is the link I posted earlier today on another thread I started about the same subject. I don't know if it adds anything to the conversation or not but I was asked to put it here anyway so here it is. http://www.coinworld.com/articles/l...1-frns-to-d/ |
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Rest in Peace
United States
3039 Posts |
As usual, common sense and the people's wishes will have no bearing on the outcome of this proposal.
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Moderator
United States
189142 Posts |
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I don't know if it adds anything to the conversation or not but I was asked to put it here anyway so here it is. And I thank you for fulfilling my request.  |
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Pillar of the Community
Canada
3692 Posts |
Regarding the point of not needing more than 4 dollar coins at a time -
That's assuming that you make one single purchase during the entire day. Come to Canada and see how your theory works, because it doesn't. What would your argument be regarding $2 coins? Same? 4 at a time? You sound like you carry 99 cents on you at all times, which NOBODY does, we carry everything and anything we think we'll need, thank you. Sorry but nobody carries $99.99 at all times because here we mostly use debit cards anyways - which I might add is a hinderance to the time it takes to complete a transaction.
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Moderator
United States
189142 Posts |
I will keep this simple and avoid the $2 coin or note for this... I have four of the one dollar coins in my pocket; I also have a twenty dollar note. If the next transaction total is $11, I would give them the twenty and a dollar coin to get a ten dollar note back. I am not going to give them the twenty alone, that would be silly because I would then have eight dollar coins. Now I have three of the one dollar coins in my pocket with the ten dollar note... If my next purchase is six dollars, I then have a five and two dollar coins. If my next purchase is seven dollars, I then have a five and one dollar coin. If my next purchase is eight dollars, I then have a five and no dollar coins. If my next purchase is nine dollars, I then have four dollar coins. See the pattern here?  I do the same thing with quarters, nickels, and dimes; I use what I have. |
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Rest in Peace
 United States
9104 Posts |
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This is the problem. No one wants to cut the small things because they feel it would not make a difference. This is as bad as those that do not vote because they feel that one vote will not matter. People ignore the cumulative effects of action. A hundred small things are as good as one big thing. They're not ignoring anything, they're just making an excuse. Whatever the biggest money waster is (which often can't be changed), people have it to point to as their excuse why other things should be allowed to waste money. |
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Pillar of the Community
United States
2295 Posts |
Why not just replace the paper with polymer? It has been around for over 20 years and many countries have been using it. It lasts for over 5-6 years too. It has a slippery feel to it, but they are really nice looking and are very sturdy to survive the washing machine.  The reason Kerry, etc are protecting the paper dollar, is because the company that makes the paper is in MA. |
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Moderator
United States
189142 Posts |
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Why not just replace the paper with polymer? It has been around for over 20 years and many countries have been using it... The reason Kerry, etc are protecting the paper dollar, is because the company that makes the paper is in MA. Exactly. A polymer note will not happen for the same reason that the dollar coins will not take over. There are political interests protecting the supplier of the current FRN material. |
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Pillar of the Community
United States
2295 Posts |
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This is the problem. No one wants to cut the small things because they feel it would not make a difference But realistically, when the government needs to cut $1 trillion from its annual budget, a few $100 million here and there, won't make a difference. It does make sense to not mint them if no one is using them though. |
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Pillar of the Community
United States
7840 Posts |
I have five Golden Dollars (Washington's) in my pocket right now...(rechecked, four Golden Dollars, I bought a candy bar on break), and I use them DAILY.
I am doing my part in keeping them circulating in OKC.
Edited by oih82w8
01/13/2012 11:34 am
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Moderator
United States
189142 Posts |
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But realistically, when the government needs to cut $1 trillion from its annual budget, a few $100 million here and there, won't make a difference. With that sort of thinking, we might has well just give up now. Quote:
It does make sense to not mint them if no one is using them though. Get rid of the paper and people will use them. It is that simple; and it is that much better for us. I will beat this dead horse until we have glue.  Quote:
I am doing my part in keeping them circulating in OKC. Very nice! |
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Rest in Peace
United States
9104 Posts |
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But realistically, when the government needs to cut $1 trillion from its annual budget, a few $100 million here and there, won't make a difference. Gee, I wish spammers and hackers would take that attitude: "We sent out a million emails, and no suckers replied. Time to look for a job at 7-11." |
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Pillar of the Community
United States
2295 Posts |
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With that sort of thinking, we might has well just give up now. I think the government has, since they stopped production of the dollar coins and won't work together to balance the budget. Both problems can be resolved, very easily, if they wanted to. So who wants to create a form letter for us to send to congress, etc about stopping the dollar note and replacing it with the dollar coin? And if the two dollar note becomes as much in demand as the dollar note, then we do the same for that. |
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Pillar of the Community
United States
4132 Posts |
The other day I was thinking about this, and how people bring up the number of slots in a cash register drawer... Whenever I get between $10 and $20 in change from a transaction I, more often than not, get two fives instead of a ten. Do we really need ten dollar bills? They don't seem that popular, and people are comfortable with using fives instead.
It's like half-dollar coins, except the "basic" unit is the twenty, which is what most people carry and get from ATM machines. A quarter-twenty (a fiver) is pretty popular and convenient, the way a quarter-dollar is, but a half-twenty (a ten) is a bit like a half-dollar.
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Posted 12/20/2011 9:11 pm
