Sign in or signup

5,978 active users!!Bandwidth
WEDNESDAY
FEB 22, 2017
Home
NewsSITE
Events & Blogs
New Audio & Video
BroadcastersNew Stuff!
Local Church Finder
Webcast LIVE NOW!
Sermons by Bible
Sermons by Topic
Sermons by Speaker
Sermons by Date
Staff Picks
CommentsALL -27 min
Top Sermons
VideosPDFs
Daily Log
PhotosNew Stuff!
StoresNew Stuff!
Online Bible
Hymnal
Daily Reading
Our Services
Submit Sermon
Members Only

Breaking News Home | All | Religion | Society | Tech | Choice | FF | SA News
FRONT PAGE  |  2/22/2017
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

   03/14/15  |  Another One Bites the Dust • 2 comments
   03/11/15  |  God Doesn't Want Matt Chandler to be Your Pastor • 21 comments
   01/08/14  |  Christian Post: Warning, this article may offend many Christians • 93 comments
   01/01/14  |  Michelle Obama praises lesbian TV anchor • 17 comments
   12/29/13  |  U.S. Slams 'Conservative Gender Norms' • 377 comments
MORE RELATED ( ) NEWS | MORE..
   02/20/17  |  Norma 'Jane Roe' McCorvey Dies at 69 • 12 comments
   02/20/17  |  Melania opens President Trump's rally with Lord's Prayer • 70 comments
   02/15/17  |  Sessions' move on transgender school bathrooms praised • 16 comments
   02/14/17  |  Special Report: Some of the Stories We Hear at SermonAudio! • 5 comments
   02/10/17  |  Senate Confirms Jeff Sessions as Attorney General • 8 comments
OTHER CHOICE NEWS | MORE..
   02/17/17  |  Feedback Friday for 02-17-17
   02/14/17  |  Some of the Stories We Hear at SermonAudio! • 5 comments
   02/10/17  |  Feedback Friday for 02-10-17
   02/08/17  |  The Battle for Genesis as History • 4 comments
   02/03/17  |  Feedback Friday for 02-03-17
MORE SPECIAL | MORE..
   02/22/17  |  Starnes: 'Incredibly Despicable' to Criticize First Lady for... • 12 comments
   02/22/17  |  Will Russell Moore Be Defunded? Southern Baptists Decide • 5 comments
   02/22/17  |  Muslims Send Their Children To Christian Schools To Prepare For... • 5 comments
   02/22/17  |  UK universities restrict free speech, report says • 2 comments
   02/22/17  |  Swedish Police: Government Covering Up Huge Migrant Crime Spree • 10 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
Starnes: 'Incredibly Despicable' to Criticize First Lady for...
christopher000 from rhode island: "true mike. all interesting thoughts."
-27 min 12 
Will Russell Moore Be Defunded? Southern Baptists Decide
mike from new york: "odd how much complaining moore did about politics in the sbc,..."
-34 min 
Bob Jones University regains nonprofit status
b. mccausland: "connor please, read the article to find answers on how the..."
-55 min 10 



Jim Byrd
The Gospel of God's Son

Romans 1:1-17
Sunday Service
13th Street Baptist Church
Play! | MP4 | RSS



Dr. Derek W. H. Thomas
Who Rules the World

Isaiah: Strength for the Weary
First Presbyterian Church
Transcript!Play! | MP3

Dr. Peter Masters
The Christian's Purpose

Acts
Metropolitan Tabernacle
Video!Play! | MP4

Event: WEBCAST: 2017 Spring Theology Conference
GPTS & Mt. Olive

SPONSOR | 3,000+

SPONSOR




                   
Men think not of living holier, till they can live no longer. ... William Secker

Gospel of John
Cities | Local | Personal


MOBILE
iPhone + iPad
Church App
Android
Church App
Kindle + Nook
Chromecast TV
Apple TV
ROKU TV
Amazon Fire TV
Apple Watch
Android Wear
Kindle Reader


HELP
Knowledgebase
Broadcasters
Listeners
Q&A
Uploading Sermons
Uploading Videos
Webcasting
Tips & Tricks
YouTube Screencasts

FOLLOW
Weekly Newsletter
Staff Picks Feed
Site Notices
RSS | Twitter | Facebook
SERVICES | ALL
Church Finder  New! Info
MP3 Play & Download
Mobile Apps
Podcasting
Video Support
Live Webcasting
Transcription
PowerClips New!
Business Cards
SOLO | MINI | Domain
Favorites | QR Codes
Online Donations
24x7 Radio Stream
INTEGRATION
Sermon Browser
HTML Codes
WordPress
Twitter
Facebook
Logos | e-Sword | BW
JSON API

BATCH
Transfer Agent
Protected Podcasts
Upload via FTP
Upload via Dropbox
Picasa
ABOUT US
The largest and most trusted library of audio sermons from conservative churches and ministries worldwide.

Our Services | Articles of Faith
Broadcast With Us
Advertising | Local Ads
CONTACT
info@sermonaudio.com
Support Us | Feedback Fridays | Stories