Thought this was interesting and that some of you would think so too. Kind of scary.
http://m.yahoo.com/w/news_america/blogs/sideshow/canada-says-going-pull-penny-circulation-221558392.html?orig_host_hdr=news.yahoo.com&.intl= us&.lang=en-us
Say good bye to the Canadian penny
Thought this was interesting and that some of you would think so too. Kind of scary.
http://m.yahoo.com/w/news_america/blogs/sideshow/canada-says-going-pull-penny-circulation-221558392.html?orig_host_hdr=news.yahoo.com&.intl= us&.lang=en-us
There is still copper in circulation, but not for much longer I'm guessing...
Ron Paul: He irritates more idiots in fewer words than any American politician ever.
NO MORE LIARS! Ron Paul 2012
I love how people make it a big deal about how it's some lost money or lost convenience. The question is, why do people and businesses still use it?
Now they will round up to the nearest nickel. What would have been say eight cents would be a dime. Multiply that by millions of transactions.
They are also changing all of their "paper" (if it is like the US- linen actually) notes into plastic polymer notes as well.
Another link:
http://www.nytimes.com/2012/03/30/bu...e-is-over.html
Last edited by Zippyjuan; 03-29-2012 at 09:07 PM.
Freedom is a state of mind. Nobody can take that from you unless you let them.
Use it or lose it. They've been wanting to go electronic currency for a long time. When that happens, kiss any vestige of privacy bye bye.
"We do have some differences and our approaches will be different, but that makes him his own person. I mean why should he [Rand] be a clone and do everything and think just exactly as I have. I think it's an opportunity to be independent minded. We are about 99% the same on issues." "People Try To Drive Wedges Between Rand And Me." --Ron Paul
http://www.youtube.com/watch?&v=pB5JgzBVHN0
No worries, markets will get around it, as they always do!Originally Posted by LibertyEagle
There will be physical currencies on the black-market as usual, of course, they'll be "illegal" but people will use it if the cost-benefit dictates that using them will be better than using government-fiction!
Of course, it won't necessarily be good but just saying that it won't necessarily be the end of physical currencies! Yes, we do need to go more with physical currencies, especially those which can't be created in abundance at a fraction of their face-value but unfortunate thing is that some within the liberty movement are pushing for completely fictional currency, & trying to help out the government in going all fictional, you know the whole Shitcoin thing that's getting famous among some libertarians!
There is enormous inertia — a tyranny of the status quo — in private and especially governmental arrangements. Only a crisis — actual or perceived — produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable
- Milton Friedman
Good riddance to the penny. I'm saving em' just to show off though.
I'm Canadian, so I'm aware about the plastic thing, but don't see why it's a bad decision. Isn't plastic money more durable too? And cleaner to produce?
eh there,
I just made some Canadian election 2011 charts here: Post #81
http://www.ronpaulforums.com/showthr...iling-up/page9
Canadian pennies will still be in circulation here though
"We are like butterflies who flutter for a day and think it's forever."
-Carl Sagan
Sometimes I get American pennies from vending machines o.o
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