Whoever Does Not Respect the Penny is Not Worthy of the Dollar

By Nick Giambruno

This definitive sign of a currency collapse is easy to see…

It’s when paper money becomes trash.

Maybe you’ve seen images depicting hyperinflation in Germany after World War I. The German government had printed so much money that it became worthless confetti. Technically, German merchants still accepted the currency, but it was impractical. For example, it would have required wheelbarrows full of paper money to buy a loaf of bread.

At the time, no one would bother to pick up money off the ground. It wasn’t worth any more than the other crumpled pieces of paper on the street.

Today, there’s a similar situation in the US. When was the last time you saw someone pick up a penny off the street? A nickel? A dime?

Nowadays, even bums often can’t be bothered to pick up anything less than a quarter.

The US dollar has become so debased that these coins are essentially pieces of rubbish. They have little to no practical value.

Refusing To Acknowledge the Truth

Up until 1982, the penny was 95% copper.

Today, the melt value of these pre-1982 pennies is 2.6 cents—more than double their face value—as commodity prices have soared and the dollar’s purchasing power has plummeted.

That’s why the US Mint no longer uses so much copper to make pennies. Modern pennies are only 2.5% copper, with cheaper zinc making up the remaining 97.5% of the coin.

In short, the US government couldn’t even maintain a copper standard.

Further, even after using a cheaper metal to make the penny, it still costs the US Mint about 2.7 cents to make every penny. For nickels, it costs the US Mint 10.4 cents to make.

Last year, the US government lost over $171 million making pennies and nickels.

So, why is it wasting taxpayer money making coins bums don’t even use?

Because phasing out the penny and nickel would mean acknowledging currency debasement—governments never like to do that. It would reveal their incompetence and theft from savers.

This isn’t new or unique to the US. For decades, governments worldwide have been reluctant to phase out worthless currency denominations. This helps them deny an inflation problem even exists. They refuse to issue currency in higher denominations for the same reason.

Consider this.

The $100 bill is the largest in circulation. That wasn’t always the case. At one point, the US had $500, $1,000, $5,000, and even $10,000 bills.

The government eliminated these large bills in 1969 under the pretext of fighting the War on (Some) Drugs.

The $100 bill has been the largest ever since. But it has far less purchasing power than it did in 1969. Decades of rampant money printing have debased the dollar. Today, a $100 note buys less than $13 in 1969.

Even though the Federal Reserve has devalued the dollar by over 88% since 1969, it still refuses to issue notes larger than $100.

Pennies and Nickels Under Hard Money

Consider what a penny and a nickel would be worth under a hard money system backed by gold. From 1792 to 1934, gold was around $20 per ounce. Under this system, it took about 2,000 pennies to make an ounce of gold.

At today’s gold price, a “hard money penny” would be worth about 99 modern pennies. A “hard money nickel” would be worth about $4.98.

I don’t pick up pennies off the sidewalk. But I would if pennies represented 1/2,000 an ounce of gold. If that were to happen, I doubt there would be many pennies on sidewalks.

Ron Paul said it best when he discussed this issue…

“There is an old German saying that goes, ‘Whoever does not respect the penny is not worthy of the dollar.’ It expresses the sense that those who neglect or ignore the small things cannot be trusted with larger things, and fittingly describes the problems facing both the dollar and our nation today.

Unless Congress puts an end to the Fed’s loose monetary policy and returns to a sound and stable dollar, the issue of US coin composition will be revisited every few years until inflation finally forces coins out of circulation altogether and we are left with only worthless paper.”

There’s an important lesson here.

Politicians and bureaucrats are the biggest threats to your financial security. For years, they’ve been debasing the currency… and inviting a catastrophe that now could be imminent.

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YourAverageJoe
YourAverageJoe

What gets me is that the money is the first thing they make worthless.

Lyndon Baines Johnson greased the wheels on most of the problems we have today.
It’s a shame I can’t bring him back to life so that I could kill him with vise grips and blowtorches.

Warren

It was Johnson who took the silver out.of the coinage.

Bob
Bob

I pick up every coin I see. My piggy bank doesn’t care if they are face up or face down, either. You would be surprised the sheer number of pennies that I find.

Moneypenny
Moneypenny

Yep.
Pick em up.
Sort em.
Keep the good.

Nickles and pre 1982 pennies.

Anonymous
Anonymous

I’ve found several pre 64 quarters and dimes. Those obviously don’t go into the counter.

Warren

Every time I go past the coin counting machine at Walmart or Publix I check the little reject bin at the bottom. Because they kick out silver coins. Now and then I find a silver dime.

Anonymous
Anonymous

I pick up coins. I also empty my coins from my pocket each day into a large glass jar. Couple times a year I cash it in at my bank in the coin machine usually a couple hundred bucks. I buy silver rounds with that.

flash
flash

Fuck the penny. Fuck the dollar. Tribe up or die.

GNL

This

flash
flash

Invest in your progeny. You own that and nothing else.
comment image

The Central Scrutinizer
The Central Scrutinizer

You don’t own that either.

“For your enemies shall be those of thine own household.”

Anonymous
Anonymous

As the money becomes worthless , they distract you.

Radar roll clip shows Canada fires start at the same time , across a wide area , no thunder and lightning storms to be seen.

I can’t wait for the ” experts ” to tell us how this is ‘ totally normal ‘.
Watch. YOU Decide.

Dutchsinse channel

Yeshuipatmi
Yeshuipatmi

Until someone takes a map of these fires starting simulataneously and then synchronizes it with the lightning maps of the exact same times, lightning as a source is definitely not ruled out

If lightning is not definitively ruled out, then it is a feasible source of ignition for one, two or all of the fires.

At this point, assuming it was all a deliberate act initiated by a rogue government, credits more ability and power to the government, than actually exists.
This might help the people in power,
probably not the people being ruled.

All inputs must be considered when seeking the truth.

Anonymous
Anonymous

Lightning from clear skies?
Dozens of lightning strikes from clear skies?
Dozens of lightning strikes from clear skies simultaneously?

Okay 👍

Can’t rule out Bigfoots with Bics either, unless we have video of each fire igniting.

Are you one of the non-vaxx-injured people that Glock n Load knows?

Yeshuipatmi
Yeshuipatmi

Are you one of the non-vaxx-injured people who failed to graduate Logical Fallacy University?

PS Lightning never happens in clear sky conditions.

Anonymous
Anonymous

Debasement of the money is the least of our problems.

Men will not marry this. What happens to society then ?

‘Liberal woman’ goes viral on TikTok for saying it’s hard to find ‘masculine’ man who’s not conservative

foxnews.com/media/liberal-woman-goes-viral-tiktok-saying-hard-find-masculine-man-conservative

Will the Scot
Will the Scot

By default, is she intimating that liberal males are girly men?

Warren

Well…aren’t they?

Warren

This is why, in 1965, The treasury melted down the rather 96465 peace dollars, rather than issue the silver dollars that had been minted in 1964-65, and reaping the profits. Profits albeit small ones, from releasing coins with about 80 cents worth of silver, for $1.00 face value, coins that had already been minted, the treasury melted hem down at he last minute. Because, after silver coins evaporated from circulation in 1965, the US government realized that the new peace dollars wouldn’t stay in circulation. And when that happened people would then have been awakened to the fact that the dollar was being debased.

Anonymous
Anonymous

1793–1795 ~100% copper 208 grains 13.48
1795–1857 † ~100% copper 168 grains 10.89
1856–1864 88% copper, 12% nickel (also known as NS-12) 72 grains 4.67
1864–1942 bronze (95% copper, 5% tin and zinc) 48 grains 3.11
1943 zinc-coated steel (also known as 1943 steel cent) 42 grains 2.72
1944–1946 gilding metal (95% copper, 5% zinc) 48 grains 3.11
1947–1962 bronze (95% copper, 5% tin and zinc) 48 grains 3.11
1962 – September 1982 gilding metal (95% copper, 5% zinc) 48 grains 3.11
October 1982 – present copper-plated zinc (97.5% zinc, 2.5% copper) 38.6 grains 2.5

No longer worth putting in mason jars and burying in your backyard for trade after the apocalypse!

Gavriel
Gavriel

A penny is cheaper than a zinc washer.

Drilling rolls of pennies, is cheaper than buying waahers.

goat
goat

Is this the second time this was posted or an updated one? And what he fails to say is that all the other silver coins ARE copper and nickel. He says he would pick up a copper penny, but why not the other coins that ARE copper and nickel (just like the nickel) when they have more copper (and nickel) content than a copper penny? He says that the US government has failed to maintain a copper standard BUT that is exactly what we have been on since more or less 1965, without any further “debasement” except the penny being based on zinc.
It is almost like there is an active campaign to undermined the current specie.
I’m sure none of these people sell or hold gold and silver.

lamont cransston
lamont cransston

Eventually, FRNs will attain Weimar status. Coinage is a horse of another color. When the USG rolls out a new, deflated paper currency, a quarter will still be a quarter.

Anonymous
Anonymous

When the USG rolls out a new, deflated paper currency…

I doubt there will ever be new paper. CBDC and all previous money made illegal is my bet.

WilliamtheResolute
WilliamtheResolute

As goes the currency…so goes the nation. We’re toast.

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