Topic: Two Hundred Billion Pennies - page 2. (Read 3216 times)
Try the US debt.http://www.usdebtclock.org/
That is a lot of pennies! Canada is getting rid of the penny!
I think drugs are subserviced by tax payers in my neighborhood; I was once opposed to the whole idea until an enlightening lunch with Richard Branson made me aware that it is a medical problem and not a criminal one, I don't think about it anymore. (That's probably why they pick up cigarette buts and not pennies)
But none the less there was a time when one could live a modest life off just $0.05 a day and still pay 10% to tax and 10% to charity.
Just the Pennies in circulation today (less inflation) could feed and maintain over 100,000,000 people for a year.
But none the less there was a time when one could live a modest life off just $0.05 a day and still pay 10% to tax and 10% to charity.
Just the Pennies in circulation today (less inflation) could feed and maintain over 100,000,000 people for a year.
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I suspect because of fear of injury when bending over.
It's back-breaking work picking up free pennies in the street all day when a crackhead's time could be put to better use by just stealing something instead.
Snag some copper coins now and sit on them for a few years. 
Sure copper coins are almost free commodity money, they are going out of circulation in Canada soon because they cost more to produce than they represent in Fiat.
Pennies lie unclaimed in the streets on my way to work, the crack addicts don't even bother to pick them up I suspect because of fear of injury when bending over. (It is sad but they still see more value in picking up a cigarette buts and fighting over the deposit of pop cans)
And for reference Benjamin Franklin bought 3 loaves of bread for a threepenny. (Equivalent to 1 decimal penny.) My... has our inflammatory economic machine let us down.
It still amazes me that what represented fifty cents when I was a kid, a Kennedy half dollar, is now worth upwards of $12. 2400% debasement doesn't bode well for the currency.
Snag some copper coins now and sit on them for a few years.
What about if you lose power? Some natural disasters knock out power for months.
Than there are many better things to have than gold and many other things to worry about.
Bitcoin will still work in the rest of the whole world, once power comes back you will still have your Bitcoins or if you go to a place that have power you can use them.
What about if you lose power? Some natural disasters knock out power for months.
Truly awesome!
just thinking of the benefit Bitcoin could have on the need to reduce all that mining.
And for reference in the early 1720's Benjamin Franklin bought 3 loaves of bread for a threepenny. (Equivalent to 1 decimal penny.) My... has our inflationary economic machine let us down.
just thinking of the benefit Bitcoin could have on the need to reduce all that mining.
And for reference in the early 1720's Benjamin Franklin bought 3 loaves of bread for a threepenny. (Equivalent to 1 decimal penny.) My... has our inflationary economic machine let us down.
is that all copper or half zinc.. they stopped making all copper pennies at some point in the 80's iirc
Those two gigantic cubes of copper remind me of Warren Buffet's statement about all the gold in the world making a big cube and how it has no real value.
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"Current estimates by the U.S. Mint place the number of pennies in circulation at around
140 billion. Others have estimated as many as 200 billion currently circulating. "
http://www.kokogiak.com/megapenny/twelve.asp
140 billion. Others have estimated as many as 200 billion currently circulating. "
http://www.kokogiak.com/megapenny/twelve.asp
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