Should the dollar be a coin or a bill?

[chris1000bc]

(03-10-2011 10:09 AM)Apathetic or whatever Wrote:  There was not an option to vote for Pecan Pie

Obviously, I am new at the poll-making thing or it would have been.

They said in the article that they have been trying to move from bills to coins for decades. I think they should just do it...like when they change the look of the currency. They just announce that they are changing the currency, and that's pretty much it. I think they should do the same with coins.

[JordanMaria]

The dollar has little value regardless of whether it's paper or metal. That's why gas prices are so high. The gas isn't getting more expensive. The dollar is losing value. We need to get back to gold.

[chris1000bc]

@JordanMaria

I am for anything that reduces gas prices. But i don't think it's likely we will be moving to a gold standard any time soon. I wish they would figure something out for that whether it was more domestic drilling or something.

[Don]

A historical perspective on the use of coins:

[Don]

(03-11-2011 07:29 PM)JordanMaria Wrote:  The dollar has little value regardless of whether it's paper or metal. That's why gas prices are so high. The gas isn't getting more expensive. The dollar is losing value. We need to get back to gold.

Ah the results of centralized banking.
But you are right. The paper or the coin has no intrinsinc value. It is paper or metal that has been struck or printed to represent something that has assigned value. The assigned value is constant, so the value must be adjusted overall relative to weaker and/or stronger currencies based on such variables as GDP, national debt, manufacturing, interest rates, unemployment figures and trade deficits (and a host of others). Cost of living increases, drive up wages, wages drive up costs... these artificial inflations inversely deflate the value of the dollar relative to these factors.

If Japan's economy fails under this natural disaster it could set off an economic chain reaction that could drag the entire world into a collapse that would down grade the Great Depression to merely Mediocre.