Wednesday, August 08, 2007

The Cost of Money

"At the current specifications for these coins, it costs the government 1.7 cents to make a penny, and 10 cents to make a nickel."

- Rep. Luis V. Gutierrez (D-Illinois)


So...for some time now, the U.S. Government has been losing money every time it creates money? Only in America...

2 comments:

-Sepp said...

No wonder the democrats are so willing to take so much back!

Hooda Thunkit said...

They make up for it on the paper money and the non-money; those large transfers that just move the numbers around.

The goal is to (under the guise of security) eliminate all forms of physical money from the system, and then they can "create" all of the money that they want/need. . .

Then the "money" will exist only in our imaginations.

And, that's a concept that I'm having trouble wrapping my brain around.

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