Showing posts with label Currency. Show all posts
Showing posts with label Currency. Show all posts
Wednesday, January 14, 2026

Did you save your pennies for a rainy day?

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Thursday, October 16, 2025

Meanwhile in fiat banking, but I repeat myself, Citigroup erroneously credited a client $81 trillion . . . the amount field came pre-populated with 15 zeros, which the person inputting a transaction needed to delete, something that did not happen

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Sunday, October 5, 2025

Since the global system of money creation in reserve currency dollars and Eurodollars depends upon debt rehypothecation, paying off the existing debt would be catastrophic for money creation

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Once you see it, you can't unsee it.  
Thursday, May 22, 2025

I refuse to round up

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  Get ready to round up: Treasury set to halt penny production      
Monday, February 10, 2025

The dollar doesn't have 100 pennies like Sarah McBride doesn't have the Y chromosome

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Literally the very last line in this story

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 Trump announces plan to stop making new pennies, citing production costs  In the U.S., discontinuing the penny entirely may require congres...

I got Elon Musk's Grok to admit that the penny underpins the dollar system and allows it to be more precise, and that for saving $192 million on annual penny production, reprogramming all the accounting software would conservatively cost $5.5 billion LOL

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Eliminating the penny would take only 28.6 years to pay for itself ha ha ha ha ha.  

The cash consumer will pay the cost of the Trump-Musk penny-elimination gambit: Is it the harbinger of a coming cashless tyranny?

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"The Amish have been galvanised to head to the polls and turn the battle ground red."   The little guy voted for Trump, so natural...

Mad King Ludwig bans the penny

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  Congress has the exclusive power to coin money and regulate its value, not the president, according to the US Constitution. But since all ...
Thursday, September 26, 2024

Kamala Harris dodges price controls question, Democrat hack Stephanie Ruhle is just fine with that

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 Stephanie Ruhle is the Democrat hack who was a cheerleader for the orgy of pandemic spending, which Biden's economic adviser Jared Bern...
Monday, June 10, 2024

Avoid people who insist that the US Dollar is losing its status as the world's reserve currency

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 There's an index for that:  
Sunday, February 4, 2024

This is your periodic reminder that the net worth of U.S. households is $151 trillion but there's only $2.3 trillion fiat currency in circulation anyway

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https://fred.stlouisfed.org/series/TNWBSHNO https://fred.stlouisfed.org/series/CURRCIR  Meanwhile all the gold and silver in the world har...
Wednesday, August 23, 2023

The $1 bill from 1913 is a $30 bill in 2023, if they still existed

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 Inflation of $1 from 1913 is actually $30.88, but close enough. They should bring these back.  
Saturday, September 17, 2022

This is how America ends

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 One place at a time. America and its free market capitalism depends on rules, a shared commitment to them and to their enforcement: Sound m...
Sunday, September 4, 2022

Money printing getting way ahead of output is the cause of the current inflation

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  US GDP last clocked in at $ 24.883 trillion in 2Q. The total public debt at the end of 2Q is $ 30.569 trillion. That's now a mismatch...

Inflation trader squeals like a stuck pig, fears QT will soon lead to the sort of stock event you tell the grandchildren about

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  Well, we've heard that before, but this story about one of them perfectly describes how Fed money creation has ballooned, by design, t...
Friday, July 29, 2022

America and its people have added over $12 trillion to their total credit market debt outstanding just since 2019, but that has done little but stall the decline of debt growth

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The $90 trillion millstone: We did it to ourselves . We are now in the future we tapped in the past for the prosperity of "debt draws f...
Tuesday, May 10, 2022

All Items Consumer Price Index under Jerome Powell isn't capturing inflation like it did under Arthur F. Burns even though they both increased money supply at about the same rate

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Currency in Circulation (CURRCIR) under Arthur F. Burns rose at a compound annual growth rate (CAGR) of 8.64% from Feb 1970 to March 1978. T...
Wednesday, January 12, 2022

I wouldn't give you two cents for it

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  Maya Angelou to appear on new quarters as U.S. Mint launches American Women series
Thursday, November 25, 2021

Currency in Circulation is up over 24% Oct 2019 to Oct 2021 and people wonder why there is inflation

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 https://fred.stlouisfed.org/series/CURRCIR