Just Google for "penny hoarding" ... this has been going on for several years.
We probably will stop minting penniesin the US within a decade. We got rid of the half cent coin long ago. There is a precedent.
I've always advocated lopping off a zero from the base currency in revaluation. Then pennies would be worth something. And gas would be 45¢ a gallon in California.
People just need to figure out that the entire monetary system itself is counterfeit before we can really solve the problem, and the momentum is growing.
When the change comes it will come rapidly, and it won't all be bad.
In fact, it may very well be much better quickly the sooner it comes.
Ron Paul: He irritates more idiots in fewer words than any American politician ever.
NO MORE LIARS! Ron Paul 2012
It's pretty pathetic that in my own lifetime I have seen our currency degrade to "not too far away" from a tenth of what it was. I can remember seeing gas station signs at 59 cents a gallon when I was a child. A Big Gulp at 7-11 was 49 cents. A half pint of milk in the primary school cafeteria (...yes I know it was state subsidized, but still...) was only SIX cents.
I'm only in my mid 40s. This is not like talking about pricing from the Great Depression or something.
Last edited by MozoVote; 03-30-2012 at 08:57 PM.