The incredible shrinking Dollar

The push for Dollar coins is back.

I don’t have anything against dollar coins but it’s a good sign that the Dollar has reached change status. Almost nothing costs a dollar (or less) any more and thanks to the Fed inflation will devalue the Dollar even more.

Maybe it’s time to call it what it is now.

Pocket Change.

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9 Responses to The incredible shrinking Dollar

  1. DirtCrashr says:

    Needed some quick protein and got a Jack-in-the-Box burger the other day for just $0.89 – enough to keep my blood sugar stable.

  2. mike w. says:

    I think Taco bell is still pretty cheap…..

  3. Kristopher says:

    Food is heavily subsidized in the US.

    Gas prices are a better indication of how Obama and his minions have screwed up the value of the dollar. Petroleum has a fairly fixed value, like gold.

    Those gas prices will be reflected in food prices within the next growing season, trust me.

  4. DaddyBear says:

    Meloch. Nothing but the remains after you’ve paid for something. It tells me how little a dollar is worth when I don’t bat an eye towards giving a dollar bill to the VFW or Shriner’s who do fund raising in front of stores. 10 or 20 years ago that would have been extravagant.

  5. Skeptic says:

    Having lived in several several countries with coins denominated near or above the value of US $1, I must say that I prefer the paper. I’ve you’ve got enough cash to get there and back on a bus, plus you get change from a purchase, then you have enough weight in your pocket to improvise a very effective sap.

  6. Tam says:

    This is going to hit the exotic dancing industry hard.

  7. Melody Byrne says:

    I used to work in currency exchange at the U.S. /Canada border at one of the truck entries. There was a well-known strip club just a mile north of us and since the drinking age in Canada is 19 every Friday and Saturday night like clockwork a bunch of college kids would stop and exchange their $20 bills before crossing the border. They were more generous though, preferring fives and tens.

    One night a gentleman in his 50’s stopped and exchanged a $20 bill, and wanted it all in loonies and toonies ($1 and $2 coins). He told me he was headed to the strip club.

    Poor girls.

  8. >Petroleum has a fairly fixed value, like gold.

    both gold and petroleum can easily have a speculative premium. This it the total of the intrinsic value plus what the “wisdom of the crowds” thinks it’s going to be worth tomorrow. That means a “Speculative Bubble” that has before and can again suddenly burst.

    I remember paying $1.49/gallon just a few years ago around Christmas when the last oil bubble burst.

    >I don’t have anything against dollar coins….

    Any other size besides the ones that are the same exact weight as the Carter Quarter.

    I recommend withdrawing the penny and the nickel. make the new coin the size of the old nickel, punch the image of the twin towers on one side and punch a pentagon shaped hole in the center. That should make the coin stand out.

  9. mcdevices says:

    it happened in china

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