Your Penny Thoughts – Watt?

Kip Hansen's News Brief – February 11, 2025 – 550 Words

Lost: Many are $250 billion. That's it a lot of penny.

♫Where did all the pennies go? Death for a long time? ♬ [apologies to Pete Seeger]

The most likely location is: 1) Hope wells around the world. 2) Public fountain. 3) Of the slot machines found on a penny loafer, it is likely 4) coin jars on the bedroom dresser and millions of other similar coin jars and piglets’ banks.

I admit – Mea Culpa – I have a coin jar, and any coin less than a quarter (25 cents) goes into the coin jar – including all the almost worthless pennies.

this New York TimesLast year, a long article was published New York Times Magazine:”The United States must get rid of the tyranny of a penny”. By the way, very interesting reading.

yesterday, era There is this: “Trump orders Treasury Secretary to Stop Cashing Pennies”.

“On Sunday night, Mr. Trump said he had ordered Treasury Secretary Scott Bessent to stop producing new pennies, which he said would help reduce unnecessary government spending.

“Let's tear off waste from our big power budget, even a penny,” he said in a post about truth socialization.

In fact, current pennies are considered to be minted and distributed 3.69 cents per share.

“Last year, according to its annual report, the Mint issued more than $3 billion in pennies and lost about $85.3 million.” [ source ]

Now it's time:

“In recent decades, its smallest depreciation coins have been eliminated around the world.

“In 2012, Canada stopped producing pennies, describing them as essentially a waste of time and space, and believes that the move would save millions of dollars a year. Since then, after the addition of federal and provincial sales taxes, cash The transaction has been rounded to the nearest nickel.Australia pulled one and two cents from circulation in 1992 at inflation and production costs. Even earlier, countries such as Sweden and New Zealand stopped minting single cent coins.

Andrew Stoeckel, an emeritus professor at the Australian National University Centre for Applied Macroeconomic Analysis, said in Australia, it “doesn't matter at all”. [ source ]

The person who codes the plan for modern cash records and all downstream (upstream?) accounting plans will be busy for a while because a penny is not used, just like other countries, and just messed up.

Surrounded by existence…. What other methods are there.

RIP Penny, I won't miss you.

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Author's comments:

I always provide myself with a pre-signed lobby pass, which allows me to spend many hours in slum high school pitching with gang tough guys instead of taking classes. Well, I admit, the hall pass is forged, but no one will challenge me. The only problem is that I'm too good at pitching and often have to quit before men get angry.

Maybe it will all be good in a few years.

Let's hear your story about a penny.

Thank you for reading.

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