WZZM13 WATER COOLER - Congress looking at steel pennies and nic...

There are 20 comments on the May 6, 2008, WZZM Grand Rapids story titled WZZM13 WATER COOLER - Congress looking at steel pennies and nic.... In it, WZZM Grand Rapids reports that:

The American newspaper columnist Franklin P. Adams once said, "What this country needs is a good five-cent nickel." He wasn't kidding.

Join the discussion below, or Read more at WZZM Grand Rapids.

“Dude, Where's my car?”

Since: Jan 08

Location hidden

#21 May 8, 2008
Wide_Stance wrote:
<quoted text>
Pennies??? Nickels??? You are Dutch aren't you!
Duh, like Ivory soap 99 and 44/100's pure LOL.

“Dude, Where's my car?”

Since: Jan 08

Location hidden

#22 May 8, 2008
Lucy in Rockford wrote:
Hey! I still stop to pick a penny up on the ground! LOL!
Another pure dutchie LOL....

“Dude, Where's my car?”

Since: Jan 08

Location hidden

#23 May 8, 2008
Wide_Stance wrote:
<quoted text>
Pennies??? Nickels??? You are Dutch aren't you!
OK, yes I give him my pennies and nickels. His dad only gives him his spare pennies. So because I give him (my grandson) Nickels I've been tagged "Big Money" Grandpa, because Nickels are silver and larger than a penny. I can't wait for the day when he figures that one out! LMAO..
THE MAN

Detroit, MI

#24 May 8, 2008
Gentle Taz wrote:
Rusty change?
NOW THAT'S GONNA SUCK.

oh they decided to make a quarter for each state.That means how many different DIES to make the quarters?
NOW THEY WORRY ABOUT HOW MUCH MONEY COST.
WAY TO GO BUSH.
I WONDER HOW MUCH THEY ARE DESTROYING DAILY?

“Purple girl in a purple world”

Since: Apr 08

Plum, Purplonia

#25 May 8, 2008
Hurley35 wrote:
<quoted text>True, but at least as it stands now our penny is worth more than a paper dollar.
Maybe, but you cannot roll and smoke a penny or use it for wiping.
John GR

Granbury, TX

#26 May 9, 2008
Actually the current penny is worth 1.5 cents in melted metal, and the nickel is worth 10 cents in melted metal. It is illegal to melt United States curecny, alter it, or destroy it, but if I had a hot enough kettle or a melting pot I'd be rich. Anyone have a melting pot a can borrow? lol
Time to start collecting pennies & nickels by the rolls they will be the only thing worth money once the United States collapses. The dollar hasn't been back by metal, siler, nor gold for years. Also pennies 1972 and before are actually worth approx 2cents in the copper.

“Have a nice day!”

Since: Apr 08

Location hidden

#27 May 9, 2008
I hear (and read) a lot about the U.S. economy collapsing. I wonder if someone can tell me exactly how that happens, I don't understand the stock market and all that very well. What would cause a collapse, do you think it is really coming? Are the horrible gas and food and medical prices going to cause it? Or are we just looking at a rough spot that will get better?
Thanks
John GR

Granbury, TX

#28 May 9, 2008
The stock market is trading. However. leaving th estock market out of it. What happens wehn people don't have jobs, or there aren't enough people in the family working or getting social security, and the prices are very high, people can no longer afford food, gas (or bus), clothing, basic necessities of life. Others that used to give to food pantry and non profit organization for others don't give as much and eventually quit cause they need stuff their selves. Everyone quits spending except for basic necessities to live like food. Those that don't have jobs or own soc sec crowd the pantries and non-profits until they run out, after that those that get really desperate start selling the little that they have, then some of them stealing from others for food to eat and live on (similiar to drug addicts stealing for money to get a fix). Eventually people really will be stealing for food, not to buy drugs. Oour money (paper bills) already aren't worth the papaer they are printed on, except that for stores accept it for now. The coins are actually worth there weight in the metal. The calafornia riots are nothing compared to what is going to happen in future. As for anything to stop it? If you are a christian and believe in the Bible, then no. THe united States has to self destruct itself for the true end to come. United States does not exist in Revelations. Interesting to note that United Nations is already trying to start a "one world Order), and the United States is trying to National ideas, the Euro-coin is accepted in 3 ccntentinets (Europe, Asia, and Austrialia so far, and over sea they have one card, that is your id, bank card, soc sec card, birth cert, medical card, and all info on one card. umm....
So all you can do is trust for the Lord to provide, pray for safety, and watch the United States self -destruct itself.

“Have a nice day!”

Since: Apr 08

Location hidden

#29 May 9, 2008
John GR wrote:
The stock market is trading. However. leaving th estock market out of it. What happens wehn people don't have jobs, or there aren't enough people in the family working or getting social security, and the prices are very high, people can no longer afford food, gas (or bus), clothing, basic necessities of life. Others that used to give to food pantry and non profit organization for others don't give as much and eventually quit cause they need stuff their selves. Everyone quits spending except for basic necessities to live like food. Those that don't have jobs or own soc sec crowd the pantries and non-profits until they run out, after that those that get really desperate start selling the little that they have, then some of them stealing from others for food to eat and live on (similiar to drug addicts stealing for money to get a fix). Eventually people really will be stealing for food, not to buy drugs. Oour money (paper bills) already aren't worth the papaer they are printed on, except that for stores accept it for now. The coins are actually worth there weight in the metal. The calafornia riots are nothing compared to what is going to happen in future. As for anything to stop it? If you are a christian and believe in the Bible, then no. THe united States has to self destruct itself for the true end to come. United States does not exist in Revelations. Interesting to note that United Nations is already trying to start a "one world Order), and the United States is trying to National ideas, the Euro-coin is accepted in 3 ccntentinets (Europe, Asia, and Austrialia so far, and over sea they have one card, that is your id, bank card, soc sec card, birth cert, medical card, and all info on one card. umm....
So all you can do is trust for the Lord to provide, pray for safety, and watch the United States self -destruct itself.
Interesting. Yes, I am a Christian and we know things have to get worse before the end. For me the hard part is,drawing the line between preparation and worry. I am just curious as to how others are feeling about this. Revelations is interpreted literally for some and symbolically on many levels for others. Thanks for your input.

“God Save The Queen”

Since: Jan 08

Grand Haven

#30 May 9, 2008
The collapse of "Bears Stearns" is a good example of how a market and a country's economy collapses.
When people make a run on the banks to withdraw all there cash or folks decide to sell all of there stocks and bonds.
The gov should have never helped out Bear Stearns they are a brokerage bank not a FDIC bank but the downside to not bailing them out could have been disastrous for retired folks who count on funds from some retirement plan.
mama knows wrote:
I hear (and read) a lot about the U.S. economy collapsing. I wonder if someone can tell me exactly how that happens, I don't understand the stock market and all that very well. What would cause a collapse, do you think it is really coming? Are the horrible gas and food and medical prices going to cause it? Or are we just looking at a rough spot that will get better?
Thanks

“Dude, Where's my car?”

Since: Jan 08

Location hidden

#31 May 9, 2008
mama knows wrote:
I hear (and read) a lot about the U.S. economy collapsing. I wonder if someone can tell me exactly how that happens, I don't understand the stock market and all that very well. What would cause a collapse, do you think it is really coming? Are the horrible gas and food and medical prices going to cause it? Or are we just looking at a rough spot that will get better?
Thanks
I'm not an economist but I am a history buff and historically an economy (any economy) collapses when the distribution wealth becomes so distorted as to be unsustainable. For instance, in the late 1920 and early 1930's the ratio of population to wealth was roughly 1% of the population controlled or possessed 33% of the wealth of the country. The economy collapsed and the Great Depression followed. Throughout the previous 60 or 70 years since the Great Depression the distribution of wealth has hovered about 1% of the population controlling 20 - 25% of the countrys' wealth. That percentage starting rising in the early and mid 1980's and today we are once again in a position were 1% of the population controls about 33 - 35% of the wealth. For some historical reason that seems to be an economic breaking point. Too much wealth in the hands of too few people, leaving the other 99% of the population with little or now money to spend on either food, vehicles, basic necessities, much less on what is now called "discretionary spending". Actually, it doesn't take a genius or an MBA to understand the concept of h we are now in this country or how we came to be in this position. John Steinbeck described it very well in "The Grapes of Wrath", along with the consequences of this form of economic suicide. I don't know if "The Grapes of Wrath" is required reading for business or economics students but it should be. Actually, IMHO, it should be required reading for anyone. Go to you local library and get a copy or else a bookstore or Amazon. Read it well and read it often and you'll always have a good perspective of economics in the United States.

“Have a nice day!”

Since: Apr 08

Location hidden

#32 May 9, 2008
Hurley35 wrote:
<quoted text>I'm not an economist but I am a history buff and historically an economy (any economy) collapses when the distribution wealth becomes so distorted as to be unsustainable. For instance, in the late 1920 and early 1930's the ratio of population to wealth was roughly 1% of the population controlled or possessed 33% of the wealth of the country. The economy collapsed and the Great Depression followed. Throughout the previous 60 or 70 years since the Great Depression the distribution of wealth has hovered about 1% of the population controlling 20 - 25% of the countrys' wealth. That percentage starting rising in the early and mid 1980's and today we are once again in a position were 1% of the population controls about 33 - 35% of the wealth. For some historical reason that seems to be an economic breaking point. Too much wealth in the hands of too few people, leaving the other 99% of the population with little or now money to spend on either food, vehicles, basic necessities, much less on what is now called "discretionary spending". Actually, it doesn't take a genius or an MBA to understand the concept of h we are now in this country or how we came to be in this position. John Steinbeck described it very well in "The Grapes of Wrath", along with the consequences of this form of economic suicide. I don't know if "The Grapes of Wrath" is required reading for business or economics students but it should be. Actually, IMHO, it should be required reading for anyone. Go to you local library and get a copy or else a bookstore or Amazon. Read it well and read it often and you'll always have a good perspective of economics in the United States.
Thanks-I love history too, especially medival. I appreciate the info.

“God Save The Queen”

Since: Jan 08

Grand Haven

#33 May 10, 2008
Hurley,

You must think deeper, The Grapes of Wrath is a great book and deserves to be read numerous times but it doesn't apply to today's fiasco. There is a new twist on a old game and this game is now global, historically this has never happened.
The entire world is economically connected and the US dollar is the benchmark and also used for the price of oil world wide.
The Chinese have almost 4 trillion in American treasury notes and bonds along with almost 3 trillion in cash.
If the Chinese decide to trade in allAmerican dollars and security's Monday morn to re-invest in the Euro, say good night to Irene or goodbye to Hollywood.
Hurley35 wrote:
<quoted text>I'm not an economist but I am a history buff and historically an economy (any economy) collapses when the distribution wealth becomes so distorted as to be unsustainable. For instance, in the late 1920 and early 1930's the ratio of population to wealth was roughly 1% of the population controlled or possessed 33% of the wealth of the country. The economy collapsed and the Great Depression followed. Throughout the previous 60 or 70 years since the Great Depression the distribution of wealth has hovered about 1% of the population controlling 20 - 25% of the countrys' wealth. That percentage starting rising in the early and mid 1980's and today we are once again in a position were 1% of the population controls about 33 - 35% of the wealth. For some historical reason that seems to be an economic breaking point. Too much wealth in the hands of too few people, leaving the other 99% of the population with little or now money to spend on either food, vehicles, basic necessities, much less on what is now called "discretionary spending". Actually, it doesn't take a genius or an MBA to understand the concept of h we are now in this country or how we came to be in this position. John Steinbeck described it very well in "The Grapes of Wrath", along with the consequences of this form of economic suicide. I don't know if "The Grapes of Wrath" is required reading for business or economics students but it should be. Actually, IMHO, it should be required reading for anyone. Go to you local library and get a copy or else a bookstore or Amazon. Read it well and read it often and you'll always have a good perspective of economics in the United States.

“Dude, Where's my car?”

Since: Jan 08

Location hidden

#34 May 10, 2008
Pipingdude wrote:
Hurley,
You must think deeper, The Grapes of Wrath is a great book and deserves to be read numerous times but it doesn't apply to today's fiasco. There is a new twist on a old game and this game is now global, historically this has never happened.
The entire world is economically connected and the US dollar is the benchmark and also used for the price of oil world wide.
The Chinese have almost 4 trillion in American treasury notes and bonds along with almost 3 trillion in cash.
If the Chinese decide to trade in allAmerican dollars and security's Monday morn to re-invest in the Euro, say good night to Irene or goodbye to Hollywood.
<quoted text>
Good Point PipingDude but even 70 some years ago the world economy was very interconnected. When the Hoover administration passed the Smoot-Hawley Tariffs, to try to stem the depreciation of the dollar, it took out most of the European Countries Economy's out with it.

“God Save The Queen”

Since: Jan 08

Grand Haven

#35 May 11, 2008
Well yes about the tariffs
but
If memory serves at the time the only large multi-national corporations where Nobel (TNT) and Exxon.
And Exxon was going through a Congress bust up as they declared them a monopoly.
JD what a capitalist, no person or company has even approached the wealth of Exxon to this day.
What I am saying is that the old axioms no longer apply, we are now in uncharted territory.
Good, bad or indifference the seas ahead will be heavy and the rolls mighty.
Nathan

Holland, MI

#36 May 11, 2008
Pipingdude wrote:
<quoted text>
Yeppers...
Just like the zinc coated steel pennies of 1943.
I vote for plastic, the plastic that they get from corn not oil.
pay attention, turning food into fuel and plastics only drives food prises up.
THINK OF THE CHILDREN
Abby

Holland, MI

#37 May 11, 2008
why do only liberals support bio fuels.
liberals are the first to complain about staving people and hungry children.
and then liberals promote bio fuels, that drive up costs and create food shortages.
then liberals complain about that, and they created the situation in the first place.
see a pattern there?

“Dude, Where's my car?”

Since: Jan 08

Location hidden

#38 May 11, 2008
Abby wrote:
why do only liberals support bio fuels.
liberals are the first to complain about staving people and hungry children.
and then liberals promote bio fuels, that drive up costs and create food shortages.
then liberals complain about that, and they created the situation in the first place.
see a pattern there?
Knock off the partisan pedestal you are on. Georgie Boy had been pushing bio-fuels as the "solution" to our gas prices for years now. People who can only think in terms of "liberals" and "conservatives", "Republicans" and "Democrats" have a very suspect low intelligence level. Expand your horizons and thing out of your little box. You might find it enlightening.

“Dude, Where's my car?”

Since: Jan 08

Location hidden

#39 May 11, 2008
Pipingdude wrote:
Well yes about the tariffs
but
If memory serves at the time the only large multi-national corporations where Nobel (TNT) and Exxon.
And Exxon was going through a Congress bust up as they declared them a monopoly.
JD what a capitalist, no person or company has even approached the wealth of Exxon to this day.
What I am saying is that the old axioms no longer apply, we are now in uncharted territory.
Good, bad or indifference the seas ahead will be heavy and the rolls mighty.
You are correct Pipingdude. We really are in uncharted territory in this economy. You've obviously thought this through very carefully and seen some things that I haven't. I'm still going to hold to my theory that the Distribution of Wealth in the country is a "breaking point" for the economy though. That has been pretty much true for ever economic meltdown that has occurred in our country's history.

“God Save The Queen”

Since: Jan 08

Grand Haven

#40 May 11, 2008
Food prices are going to rise no matter what.
Everything we do is tied to the cost of energy.
Diesel is what $4.20 a gallon now, do you think the farmer will hold the price of corn steady when diesel goes to $5, or higher?
He also has a family to support!
Nathan wrote:
<quoted text>
pay attention, turning food into fuel and plastics only drives food prises up.
THINK OF THE CHILDREN

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