members, click to sign in..

4,117 active users!!Bandwidth
WEDNESDAY
APR 23, 2014
Home
NewsSITE
Events & Blogs
New Audio & Video
BroadcastersNew Stuff!
Local Church Finder
Live Webcasts
Sermons by Bible
Sermons by Topic
Sermons by Speaker
Sermons by Date
Staff Picks
CommentsALL -2 min
Top Sermons
VideosPDFs
Daily Log
Photos
StoresNew Stuff!
Online Bible
Hymnal
Daily Reading
Our Services
Submit Sermon
Members Only

 
WEDNESDAY, APRIL 23, 2014 | TIPS Subscribe to the breaking newsWhat is RSS?
COVER Page ALL News CHOICE VIDEOS User COMMENTS
FRIDAY, NOV 30, 2012| 7 comments
Dollar's Decline Catches Up With U.S. Mint

Within days of each other, two announcements concerning the future of the US currency appeared in the popular press, and each avoided any mention whatsoever of the primary driver of the changes.

First was the announcement on November 26 from Secretary of the Treasury Timothy Geithner that the U.S. Mint will begin removing pennies and nickels from circulation starting the first of the year, supposedly because they’re too expensive to make. It costs the mint nearly 5 cents to make each penny while it costs more than 16 cents to make a nickel. This is costing the mint a lot of money, an estimated $187 million last year alone.

Two days later CNN reported that the Government Accountability Office (GAO) called for the United States to stop printing one-dollar bills and switch instead to one-dollar coins. The GAO claimed that such a move could actually make the government some money:

A $1 coin ...


CLICK HERE to Read Entire Article
www.thenewamerican.com

Response to economic crisis?
|  START  |  Recommended sermons | more..
•  Biblical Economics • Pastor John MacArthur | 6/15/2010
•  Response to economic crisis?Dr. Alan Cairns | 3/9/2009
•  Is My Name Demas • Dr. Bob Jones III | 1/12/2007
•  The Rich Fool • Pastor John MacArthur | 4/23/2010

   04/06/14  |  The Unemployment Puzzle: Where Have All the Workers Gone? • 5 comments
   03/22/14  |  ARMs Are Costing People Their Homes • 22 comments
   03/18/14  |  Tax Revenues Hit Record in First 5 Months of FY14 • 6 comments
   03/15/14  |  British Think Tank Predicts Financial Catastrophe for United... • 4 comments
   03/11/14  |  McDonald’s Sales Drop • 50 comments
MORE RELATED ( ECONOMY ) NEWS | MORE..
   04/22/14  |  IRS Confirms Abortions are Eligible for a Tax Deduction • 2 comments
   04/20/14  |  China on course to become 'world's most Christian nation' within... • 14 comments
   04/16/14  |  SermonAudio Tip: SermonAudio App v2.2 for Android Mobile Devices • 48 comments
   04/16/14  |  As Titanic sank, he pleaded, 'believe in the Lord Jesus!' • 10 comments
   04/13/14  |  Feminists Go Bonkers Over Kirsten Dunst’s One, Simple Comment • 40 comments
OTHER CHOICE NEWS | MORE..
   02/07/14  |  Bringing the Gospel of John to Every Home in Austin, TX • 31 comments
   01/07/14  |  SermonAudio Partners with RFC for the 2014 Family Conference at... • 1 comments
   01/01/14  |  Happy New Year from SermonAudio! • 29 comments
   12/10/13  |  SermonAudio Broadcaster Loses Historic Church Building To Fire • 3 comments
   07/27/13  |  3 Dead When Bus Carrying Teens Crashes in Indiana • 34 comments
OTHER CHOICE NEWS | MORE..
   04/23/14  |  Southern Baptist Summit: ‘Stop Spreading Falsehoods • 7 comments
   04/23/14  |  Michelle Obama Declares Naps More Important Than Church • 31 comments
   04/23/14  |  Scientists stunned by the public’s doubt of Darwin • 7 comments
   04/23/14  |  Most Voters Favor Prayer, Minus Jesus, at Public Meetings • 7 comments
   04/23/14  |  Bill Gothard Breaks Silence on Harassment Claims by 30 Women • 2 comments
OTHER RECENT NEWS | MORE..

COMMENTS | show all | add new  
    Sorting Order:  
· Page 1 ·  Found: 7 user comment(s)
News Item12/1/12 12:23 AM
Neil | Tucson  Find all comments by Neil
They never learn. The Susan B. Anthony & Sacagawea Dollars were previous failed attempts to circulate dollar coins.

The simplest solution is the hardest: reverse devaluation until the old Silver Dollar's nominal face value is worth approx. its bullion content.

BTW, these are still available new, though in the form of investment objects rather than practical legal tender:
www.usmint.gov/mint_programs/american_eagles/index.cfm?action=american_eagle_bullion

7

News Item11/30/12 7:02 PM
jpw  Find all comments by jpw
since when do they "pinch pennies"?

what's the real reason?

they want everyone on digital money.

carrying cash is now considered suspicious --

is it also potential hyperinflation, in which the penny will become obsolete?

who knows?

will my pocket change be worth anything melted down?

6

News Item11/30/12 6:42 PM
San Jose John | San Jose, CA  Find all comments by San Jose John
A D Justin wrote:
Coins are reused hundreds of times. The cost of production is negligible over the life of a coin. Coins outlive their users.
True, but it's pretty sad if/when we as a country can no longer afford to pay the annual "replacement rate" of coins that are worn-out, damaged, or lost due to normal use.

I used to collect coins as a kid, watching them go from being made of silver and copper to nickel and zinc, due to the gradual fading over time of the value of our fiat currency with respect to actual metal values. I fully expected pennies to eventually be made of aluminum as the lowest denomination currencies of other countries now are. I guess eliminating them altogether saves even more money--I mean diverts more money to help pay for our government's increasing number of growing bureaucracies.

5

News Item11/30/12 1:44 PM
A D Justin  Find all comments by A D Justin
"First was the announcement on November 26 from Secretary of the Treasury Timothy Geithner that the U.S. Mint will begin removing pennies and nickels from circulation starting the first of the year, supposedly because they’re too expensive to make. It costs the mint nearly 5 cents to make each penny while it costs more than 16 cents to make a nickel."

Coins are reused hundreds of times. The cost of production is negligible over the life of a coin. Coins outlive their users. False comparison.

4

News Item11/30/12 10:42 AM
Mike | New York  Find all comments by Mike
"First was the announcement on November 26 from Secretary of the Treasury Timothy Geithner that the U.S. Mint will begin removing pennies and nickels from circulation starting the first of the year, supposedly because they’re too expensive to make."

That's funny. Why then is it not too expensive to spend money not in existence?

This is all so much hokum in prep for the inflation/destruction of the dollar, needed to pay for Obamacare and other power-mad programs. The purpose is to make the dollar coin the new low value coin, so as to make dramatically increased costs for everything seem...not so bad. But Jim will be happy, cause women will allegedly get pre-natal care so they won't have to kill their babies.

3

News Item11/30/12 9:39 AM
Rufus | Fort Worth, TX  Protected NameFind all comments by Rufus
Kyle wrote:
Do you think those dollar coins will contain 371.25 grains of silver each?
No, I didn't think so, either.
Well said. 'Tis a straight up lie to call something a dollar that does not contain your stated amount of silver. What grave deceptions we live under.
2

News Item11/30/12 6:45 AM
Kyle | Connecticut  Find all comments by Kyle
Do you think those dollar coins will contain 371.25 grains of silver each?

No, I didn't think so, either.

1
There are a total of 7 user comments displayed | add new comment |Subscribe to these comments
Last PostTotal
Bible Study Fellowship joins controversy by adopting the 2011...
unprofitable servant from georgia: " danusa ... bibles of different languages..."
-10 min 22 
Lincoln police arrest man distributing Christian tracts
mike from new york: " jim lincoln --- the over-compensation of american..."
-21 min 24 
Bill Gothard Breaks Silence on Harassment Claims by 30 Women
mike from new york: " jim lincoln perhaps, mr. gothard is better known as a..."
-34 min 


War! War! War!
Bill Parker
The God of Salvation

The God of Salvation
Sunday School
Eager Avenue Grace Church
Play! | MP4 | RSS


Lewis Kiger
God can burn barley field

Memorial Heights Baptist
Sunday Service
Play! | MP3

Scott T. Brown
His Hand is Stretched Out

Hope Baptist Church
Sunday Service
Play! | MP3

E. A. Johnston
Deceived Church

Ambassadors For Christ Intl-US
Special Meeting
Play! | MP3

Sermon:
Why does pain exist?
Don Bell






                   
To carry care to bed is to sleep with a pack on your back. ... Thomas Haliburton
Site-Wide RSS & Podcast | Help
Select Podcast Format | Help

HTML Embed | More
Flash Widget | More
Our Staff Picks | Info
Featured Sermon | More

City: Austin, TX
Gospel of John
Cities | Local | Personal
MOBILE
iPhone + iPad New!
Church App
Android New!
Kindle + Nook New!
BlackBerry
Windows Mobile, Nokia
ROKU TV
Kindle Reader

FOLLOW
Staff Picks Feed
Site Notices
RSS | Twitter | Facebook
HELP
RSS & Podcasts
Uploading Sermons
Uploading Videos
Webcasting
Favorites
Tips & Tricks
YouTube Screencasts

NEWSLETTER
View Latest Issue
Subscribe
Unsubscribe | Change
Privacy Policy
SERVICES | ALL
Local Church Finder | Info
MP3 Play & Download
Mobile Apps
Podcasting
Video Support
Live Webcasting
Transcription Service
Business Cards
SOLO | MINI | Domains
QR Codes New!
24x7 Radio Stream
INTEGRATION
Sermon Browser
HTML Codes | WordPress
Twitter
Facebook
Logos | e-Sword

BATCH
Transfer Agent
Protected Podcasts
Upload via Email
Auto-Upload Sermons
Auto-Blog Import
Picasa | API | FTP | Dropbox
ABOUT US
SermonAudio.com is the largest library of audio sermons from conservative churches and ministries worldwide. All broadcasters must adhere to the Articles of Faith.
Our Services | Testimonials
Broadcast With Us!
Support Us
Advertising | Local Ads

CONTACT
info@sermonaudio.com
Copyright © 2014 SermonAudio.com.