Wow. Your ignorance goes deep.
Google "monetizing the debt".
The Board of Governors, as the issuing authority for Federal Reserve notes, approved and submitted its calendar year (CY) 2025 print order to the U.S. Department of Treasury’s, Bureau of Engraving and Printing (BEP), on July 16, 2024.
Currency Print Orders
The Federal Reserve Board of Governors in Washington DC.www.federalreserve.gov
The Federal Reserve Act allows the Fed to print money. It was approved by Congress and signed by President Woodrow Wilson. No Congress or President has repealed the Act.
You're welcome.
Yup...it really happened. The horse was moving normally but then malfunctioned. After it threw the kid it locked up or turned off...I don't know which.
I just kept walking...no reason for me to get involved with the mom standing right there.
I even held my laughter until I was out the 2nd door
Now THAT was timing!
Whoever said they were taking them out of circulation? You just made that up, in case you didn't know.
When I was a young man I could take 15 cent to the grocery store and get a belly ache worth of candy for me and two friends.
Well...it happened around 40 years ago...so
Oh you were talking like it was just last week.
They're still out there.
Instead of taxing pennies on the dollar they will have to be in increments of nickels on the dollar. TAXES are going to skyrocket now. It will be worse than when they went from millicents to cents.
They still need to be out there.
/----/ I can't believe some on social media think it means you have to turn your pennies into the bank to have them destroyed.
/----/ Pennies weren't banned. They just aren't making them anymore. There are roughly 140 billion pennies currently in circulation in the U.S. as of 2023. They will still be used for the years.
At first glance it seems to make sense, but, I read an article on the subject that without the penny, a lot more nickels will be used, which actually has a much larger spread in cost to produce vs value than the penny does. The article made a good argument that we would actually lose more money by getting rid of the penny and keeping the nickel.
/----/ As I said in #335:
Except for the fact they make more pennies every year for a reason. As the pennies in circulation decrease from not making them anymore (which does happen for a number of reasons) then more nickels will be used.
/——/ That’s about 500 pennies for everyone in the US. How many do use a week?
I don't know if anyone has a comprehensive study on it all.
/—-/ There are plenty of coin collector sites with that info.
