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We shouldn't kill the penny because it is a reminder that our currency has been inflated and is no longer worth a small fraction of what it once was. Never forg
by Blueskytech 6y ago
We shouldn't kill the penny because it is a reminder that our currency has been inflated and is no longer worth a small fraction of what it once was. Never forget that pre-1965 coinage besides the penny was made of 90 percent silver. A face value of 1.40 in pre-1965 dimes and quarters is worth 20.00 today, the fact that a penny, not even made of copper, is too expensive to make should be concerning.
- arcticbull 6y ago(1) Inflation doesn't matter if you're not hoarding cash. By and large, real estate tracks inflation across the United States. Stock indices exceed inflation. Inflation doesn't matter to you if you aren't holding cash. (2) It doesn't matter how we got here, we're here, and it's useless.
- Blueskytech 6y agoYou are of course correct until Exters pyramid collapses which becomes more and more a distinct possibility as the currency is debased.
- AnimalMuppet 6y agoNit: the nickle wasn't made of silver, either.
- Blueskytech 6y agoThank you for pointing this out you are correct and I should have been more precise in my language.
- AnimalMuppet 6y agoEh, no worries. As I said, it's a nit, not anything that actually matters.