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Alert: national coin shortage! Here comes digital currency

 
Contra spem spero

User ID: 32977055
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06/29/2020 02:00 PM
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Re: Alert: national coin shortage! Here comes digital currency
Soviet union money reform 1961, 10:1.
So basically every 10 rubles after reform worth as 1 ruble, in paper currency.
Smart people took 1000 paper rubles before reform, converted into 1000 rubles in 1,2,3,5 kopeek (aka cents). 100 kopeek=1ruble and still had 1000 rubles after reform.
History, you can learn a lot from it
Contra spem spero
Anonymous Coward
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06/29/2020 02:02 PM
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Re: Alert: national coin shortage! Here comes digital currency
Soviet union money reform 1961, 10:1.
So basically every 10 rubles after reform worth as 1 ruble, in paper currency.
Smart people took 1000 paper rubles before reform, converted into 1000 rubles in 1,2,3,5 kopeek (aka cents). 100 kopeek=1ruble and still had 1000 rubles after reform.
History, you can learn a lot from it
 Quoting: Contra spem spero


Yes! There was actually a great, low budget movie about this... I think it was made in the early 90's. I could never find it again, but, yes!

This is exactly what will happen here.
Contra spem spero

User ID: 32977055
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06/29/2020 02:06 PM
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Re: Alert: national coin shortage! Here comes digital currency
Soviet union money reform 1961, 10:1.
So basically every 10 rubles after reform worth as 1 ruble, in paper currency.
Smart people took 1000 paper rubles before reform, converted into 1000 rubles in 1,2,3,5 kopeek (aka cents). 100 kopeek=1ruble and still had 1000 rubles after reform.
History, you can learn a lot from it
 Quoting: Contra spem spero


Yes! There was actually a great, low budget movie about this... I think it was made in the early 90's. I could never find it again, but, yes!

This is exactly what will happen here.
 Quoting: Anonymous Coward 77961416


You are welcome
[link to m.imdb.com (secure)]

Last Edited by Contra spem spero on 06/29/2020 02:07 PM
Contra spem spero
Anonymous Coward
User ID: 77961416
France
06/29/2020 02:13 PM
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Re: Alert: national coin shortage! Here comes digital currency
Soviet union money reform 1961, 10:1.
So basically every 10 rubles after reform worth as 1 ruble, in paper currency.
Smart people took 1000 paper rubles before reform, converted into 1000 rubles in 1,2,3,5 kopeek (aka cents). 100 kopeek=1ruble and still had 1000 rubles after reform.
History, you can learn a lot from it
 Quoting: Contra spem spero


Yes! There was actually a great, low budget movie about this... I think it was made in the early 90's. I could never find it again, but, yes!

This is exactly what will happen here.
 Quoting: Anonymous Coward 77961416


You are welcome
[link to m.imdb.com (secure)]
 Quoting: Contra spem spero


That's amazing! Is this the one where they drive all around the countryside buying coins form lot's of people and end up with a trunk-load of coins?
Anonymous Coward
User ID: 2226485
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06/29/2020 02:13 PM
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Re: Alert: national coin shortage! Here comes digital currency
I was about to cash in approx 4k in coins...

So I should keep them?
Anonymous Coward
User ID: 77961416
France
06/29/2020 02:19 PM
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Re: Alert: national coin shortage! Here comes digital currency
I was about to cash in approx 4k in coins...

So I should keep them?
 Quoting: Anonymous Coward 2226485


According to this guy (linked below), the dollar is paradoxically strong now, and will be for another 18 months. I am not sure it will be for that long, but, it's the future... hard to tell ;)

After that there will be hyperinflation and probably a new global currency. My guess is that "they" will make the switch from USD to New-Global-Currency when the USD is worth about $0.20, so that would be a 5:1 peg.

However, as stated above, coins will not lose value, and will be accepted as full value fractions of the new currency.

So, yeah, keep the coins.
Anonymous Coward
User ID: 75726042
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06/29/2020 02:19 PM
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Re: Alert: national coin shortage! Here comes digital currency
2 thoughts

Us mint truly is the money of the US. Coins... from zinc to gold

Federal reserve.... a bank that prints paper.

Another step toward not being able to buy or sell without....
paramedic

User ID: 1366222
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06/29/2020 02:21 PM
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Re: Alert: national coin shortage! Here comes digital currency
Puhlease.

There's no shortage. People just aren't paying in cash at the moment.

This is what people were saying...no economic recovery until virus is under control.

No pretending. Must have consumer confidence for recovery.
 Quoting: Anonymous Coward 75867498


Walmart and Quicktrip by my house have stopped taking cash, a lot of peaople still use cash. I use cash and card.

The cashless society is steam rolling ahead

siren2
Anonymous Coward
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06/29/2020 02:22 PM
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Re: Alert: national coin shortage! Here comes digital currency
Oh yeah, the guy is Brent Johnson, here's the vid:

WxSteve

User ID: 78181263
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06/29/2020 02:23 PM

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Re: Alert: national coin shortage! Here comes digital currency
The Denver Mint. Summer of 69 I worked there. I was a runner for the tour guide. Cool summer job for a 16 year old west side kid. Anyway, the Denver Mint will close down by September this year. No more coins. Followed by no more $1 and $5 dollar bills. Get ready for Hyperinflation. Then the 2nd wave of 19 thru Sept. Oct. Nov. During those months the bodies truly will pile up. Riots in the streets. Civil war. Then Russian and Chinese troops in blue helmets on our streets by December. Washington DC will be burnt to the ground, the government no where to be found. Brace yourselves!
 Quoting: Anonymous Coward 79077646


You just went from zero to whatdafuq in record time.

My lips are still pulled back!
”The price good men pay for indifference to public affairs is to be ruled by evil men.” ~Plato, The Republic

"There used to be this idea that when the government no longer served the People, that the People would replace the government.

Government figured this out and decided to replace the People." ~Unknown
T-Bone

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06/29/2020 02:27 PM
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Re: Alert: national coin shortage! Here comes digital currency
There will always be coin collectors. LOL, my penny collections might actually double in value.
Anonymous Coward
User ID: 77961416
France
06/29/2020 02:29 PM
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Re: Alert: national coin shortage! Here comes digital currency
There will always be coin collectors. LOL, my penny collections might actually double in value.
 Quoting: T-Bone


When hyperinflation kicks in, it will be worth about 5x to 10x its current face value.
xemomorph

User ID: 11420323
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06/29/2020 02:30 PM
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Re: Alert: national coin shortage! Here comes digital currency
Laugh all you want to.. While you still can.
this is Just another Symptom of our COLLAPSING Economy...
Think the Fucking Government can Keep on TRYING TO Pay
For Everything for EVERYBODY?
Good thing they REOPENED The Fucking can Returns in Michigan... damned
Anonymous Coward
User ID: 21692178
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06/29/2020 02:31 PM
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Re: Alert: national coin shortage! Here comes digital currency
There is definitely an artificial shortage of coins.

I own a restaurant and have to order a thousand bucks in coins every week from my merchant bank. This week I got $3k worth because other bars in the area were denied by their banks and my own bank said there certainly is a shortage. It is real.

But like most things, it’s not organic. The usual suspects are at work trying to fuck shit up.
Valkryste

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06/29/2020 02:37 PM
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Re: Alert: national coin shortage! Here comes digital currency
I will agree, there is a sudden coin shortage out there, it’s got to be orchestrated. I work for one of the major cash in transit armored companies and any of our customers who use Wells Fargo aren’t able to get box coin with their change orders. The federal reserve won’t authorize release of the box coin in our coin room reserves to use either.
Anonymous Coward
User ID: 77961416
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06/29/2020 02:41 PM
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Re: Alert: national coin shortage! Here comes digital currency
There is definitely an artificial shortage of coins.

I own a restaurant and have to order a thousand bucks in coins every week from my merchant bank. This week I got $3k worth because other bars in the area were denied by their banks and my own bank said there certainly is a shortage. It is real.

But like most things, it’s not organic. The usual suspects are at work trying to fuck shit up.
 Quoting: Anonymous Coward 21692178


It's not just to mess with you... it is exactly what we have been describing here: coins will maintain value as paper money hyperinflates.

There are people that know this! Surprise, surprise ;) and they are sitting on the coins.
Anonymous Coward
User ID: 77961416
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06/29/2020 02:45 PM
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Re: Alert: national coin shortage! Here comes digital currency
Soviet union money reform 1961, 10:1.
So basically every 10 rubles after reform worth as 1 ruble, in paper currency.
Smart people took 1000 paper rubles before reform, converted into 1000 rubles in 1,2,3,5 kopeek (aka cents). 100 kopeek=1ruble and still had 1000 rubles after reform.
History, you can learn a lot from it
 Quoting: Contra spem spero


Yes! There was actually a great, low budget movie about this... I think it was made in the early 90's. I could never find it again, but, yes!

This is exactly what will happen here.
 Quoting: Anonymous Coward 77961416


You are welcome
[link to m.imdb.com (secure)]
 Quoting: Contra spem spero


Here is the link:

[link to www.youtube.com (secure)]

...but this is not the same movie. Unfortunately I don't speak Russian, so I have no way to search for it.
Anonymous Coward
User ID: 77675950
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06/29/2020 02:46 PM
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Re: Alert: national coin shortage! Here comes digital currency
who the fuck uses coins besides laundromats ?
 Quoting: The Rickest Rick Sanchez


LOL I used to use all coins when I Ordered food as a teenager to piss of the driver NO I never ordered from the same place twice!
 Quoting: Q33


Now you're 70 years old and about to die

Life comes at you fast huh, you piece of shit.
 Quoting: Anonymous Coward 78495548


You are about as smart as rodent pubes.
Catnip

User ID: 78245071
United States
06/29/2020 02:58 PM
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Re: Alert: national coin shortage! Here comes digital currency
The Denver Mint. Summer of 69 I worked there. I was a runner for the tour guide. Cool summer job for a 16 year old west side kid. Anyway, the Denver Mint will close down by September this year. No more coins. Followed by no more $1 and $5 dollar bills. Get ready for Hyperinflation. Then the 2nd wave of 19 thru Sept. Oct. Nov. During those months the bodies truly will pile up. Riots in the streets. Civil war. Then Russian and Chinese troops in blue helmets on our streets by December. Washington DC will be burnt to the ground, the government no where to be found. Brace yourselves!
 Quoting: Anonymous Coward 79077646


Trump will make his move before then. Probably before the election.
"When you change the way you look at things, the things you look at change"
Guarnere

User ID: 77456845
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06/29/2020 03:29 PM
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Re: Alert: national coin shortage! Here comes digital currency
Recently reported coin shortage blamed on Covid 19. This signifies another step toward the coming cashless system!

[link to krcgtv.com]
 Quoting: FirtyFree




Funny I sent my guy to make the deposit and to get a change order like 2 days ago and the bank was out of quarters she didn't tell him why. Bank of America.
Guarnere
Mistress C

User ID: 77082640
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06/29/2020 03:32 PM

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Re: Alert: national coin shortage! Here comes digital currency
The Denver Mint. Summer of 69 I worked there. I was a runner for the tour guide. Cool summer job for a 16 year old west side kid. Anyway, the Denver Mint will close down by September this year. No more coins. Followed by no more $1 and $5 dollar bills. Get ready for Hyperinflation. Then the 2nd wave of 19 thru Sept. Oct. Nov. During those months the bodies truly will pile up. Riots in the streets. Civil war. Then Russian and Chinese troops in blue helmets on our streets by December. Washington DC will be burnt to the ground, the government no where to be found. Brace yourselves!
 Quoting: Anonymous Coward 79077646


yep
unless we stop them.
Anonymous Coward
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06/29/2020 03:32 PM
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Re: Alert: national coin shortage! Here comes digital currency
bump
Anonymous Coward
User ID: 72950385
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06/29/2020 03:33 PM
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Re: Alert: national coin shortage! Here comes digital currency
The Denver Mint. Summer of 69 I worked there. I was a runner for the tour guide. Cool summer job for a 16 year old west side kid. Anyway, the Denver Mint will close down by September this year. No more coins. Followed by no more $1 and $5 dollar bills. Get ready for Hyperinflation. Then the 2nd wave of 19 thru Sept. Oct. Nov. During those months the bodies truly will pile up. Riots in the streets. Civil war. Then Russian and Chinese troops in blue helmets on our streets by December. Washington DC will be burnt to the ground, the government no where to be found. Brace yourselves!
 Quoting: Anonymous Coward 79077646


yep
unless we stop them.
 Quoting: Mistress C


This was included in the pastors' dreams. I will try and find the video
Anonymous Coward
User ID: 74378203
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06/29/2020 03:38 PM
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Re: Alert: national coin shortage! Here comes digital currency
Puhlease.

There's no shortage. People just aren't paying in cash at the moment.

This is what people were saying...no economic recovery until virus is under control.

No pretending. Must have consumer confidence for recovery.
 Quoting: Anonymous Coward 75867498


OP is correct. Friend of mine owns small restaurant that does a lot of cash business. He was complaining last week his bank had less small bills and especially rolled quarters and dimes for him than usual. He stated his banker said it was specifically due to Fed policy, the banks are not being re-supplied with normal amounts of coins they request. First time he had encountered it and he was not a happy camper. More collusion against economic recovery?
paramedic

User ID: 1366222
United States
06/29/2020 03:40 PM
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Re: Alert: national coin shortage! Here comes digital currency
Puhlease.

There's no shortage. People just aren't paying in cash at the moment.

This is what people were saying...no economic recovery until virus is under control.

No pretending. Must have consumer confidence for recovery.
 Quoting: Anonymous Coward 75867498


OP is correct. Friend of mine owns small restaurant that does a lot of cash business. He was complaining last week his bank had less small bills and especially rolled quarters and dimes for him than usual. He stated his banker said it was specifically due to Fed policy, the banks are not being re-supplied with normal amounts of coins they request. First time he had encountered it and he was not a happy camper. More collusion against economic recovery?
 Quoting: Anonymous Coward 74378203


Not against economic recovery, The BIG PUSH towards a One World Currency, Government and Religion.

Read about it in the books of Daniel; Matthew and Revelation.
Anonymous Coward
User ID: 72950385
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06/29/2020 03:42 PM
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Re: Alert: national coin shortage! Here comes digital currency
Sorry I don't know how to embed

[link to www.youtube.com (secure)]
Anonymous Coward
User ID: 78479066
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06/29/2020 03:43 PM
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Re: Alert: national coin shortage! Here comes digital currency
Ayup....exact change signs up at Circle K and Dollar General.
Anonymous Coward
User ID: 76819173
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06/29/2020 03:49 PM
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Re: Alert: national coin shortage! Here comes digital currency
A coin shortage...

THE INSIDE OF THE BANK IS CLOSED! People would come in all the time & dump their coins in the coin machine, if you have an account there, there is no fee.

If you'll open the bank I'll bring in a few grand in quarter's. Having to make an appointment to use the coin machine at the bank sucks!
grumpy2

Rant off
Anonymous Coward
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06/29/2020 03:49 PM
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Re: Alert: national coin shortage! Here comes digital currency
who the fuck uses coins besides laundromats ?
 Quoting: The Rickest Rick Sanchez


uuuuuh even IF YOU pay the exact amount in stores,gas stations in cash,you're gonna use COINS as well-
and the same for the cashiers making change.

anyway this IS more bs from the dammmn mediyuuh-
there is no coin shortage.
all of a sudden people quarantined are hoarding coins ?
or covid can now kill coins ?

they want their cashless society and can shove it.
Network w/like minded people while there's still time.
Catnip

User ID: 78245071
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06/29/2020 03:57 PM
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Re: Alert: national coin shortage! Here comes digital currency
Circulation of coins, since no change is pretty much a temporary practice, or is it temporary....
 Quoting: pool


Keep your coins because we don't know what's going to happen after the election, or even if there's going to be an election.

If everything closes down, we may have to barter with our neighbors, and coins would be a good bargaining chip. i.e., 4 eggs for a quarter. Half a loaf of bread for 30 cents. A cup of milk, a nickel, etc.
"When you change the way you look at things, the things you look at change"





GLP