National Coin shortage? | |
paramedic
User ID: 1366222 United States 07/03/2020 12:14 PM Report Abusive Post Report Copyright Violation | I was at Menards Hardware recently and they also had a sign reading, “Due to national coin shortage, we need coins.” Quoting: Zovalex NATIONAL COIN SHORTAGE??? Since when?? .... and WHY? . They are going to stop making them. Hyperinflation is coming. 1's and 5's will be gone soon, too. The Fed is insolvent, and they can pull the plug on the entire economy any time they want. And the people they represent want to. But they need a very big distraction, to make the collapse seem feasible. In your opinion. How about the banks are HOARDING coins because they know their value is soon to shoot sky high. There is no coin shortage - that is utter horseshit. More likely is a revaluation (reset) on the dollar, where paper bills and computer accounts are revalued to a fraction of their nominal value. Like say a $10 bill becomes a $1 bill and a $2000 bank balance becomes a $200 bank balance. The reason that coins are pulled from circulation is that they retain their face value since they are not FEDERAL RESERVE notes or accounts denominated in FEDERAL RESERVE NOTES. They are, instead, Treasury coinage with a face value of a quarter dollar. Here's the explanation and basic math on how it works: If you have a $100 FRN bill, you could (before) go change it out for 400 quarter dollars. AFTER a revaluation of existing FRNs, a $100 bill only buys $10 worth of goods. That $100 bill becomes only an equivalent worth of 40 quarter dollars AFTER the reval. But if you had the 400 quarters instead of the $100 FRN, you would STILL HAVE $400 worth of purchasing power with those quarter dollars. 400 quarter dollars is still 400 quarter dollars because it says quarter dollar right on it and it is NOT a FRN issued by a private bank, but rather a Treasury coin issued by the US Mint. Make sense? While removing all paper and coin, in favor of a central bank digital currency system, is the big goal, this "coin shortage" is to prevent stocking up on coinage that retains face value after the FRN devaluation. Holding coinage, particularly quarters, retains face value regardless of what happens to the FEDERAL RESERVE NOTE. Doesnt matter eitherway: If you hold onto coins, When the system is devalued and no longer accept cash at all, then your held coins loose all value, unless they accept them for the "New" money |
Agent84
User ID: 78298106 United States 07/03/2020 12:15 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78859078 United States 07/03/2020 12:15 PM Report Abusive Post Report Copyright Violation | |
lead dimes User ID: 69489708 United States 07/03/2020 12:16 PM Report Abusive Post Report Copyright Violation | "Dollar" referred originally to "thaler" a german fuckin huge silver coin. We cut these into eighths, hence pieces of eight. Seigniorage is how the Fed enriches themselves and squidlike-manner takes over your government's soul. "Specie" is what a coin is, and only if the metal is of free market value. Gold was pegged at 35 FRNs, which is 140 US partially silver quarter dollars, back when Kennedy got his melon blown off. YARRRRRRRR, COIN KNOWLEDGE PAYS OFF METHINKS, I GOTS LOTS OF LINCOLN AND LOTS OF LOGS |
Anonymous Coward User ID: 78162214 United States 07/03/2020 12:18 PM Report Abusive Post Report Copyright Violation | |
Buzzcheeze
User ID: 79071687 United States 07/03/2020 12:23 PM Report Abusive Post Report Copyright Violation | They could phase out the penny and nickle and round everything to 1/10 of a dollar or maybe even 1/4 in this day and age. "TRUMP WON" "I love deadlines. I like the whooshing sound they make as they fly by" 'My ego is smaller than yours Why is abbreviation such a long word “When seconds MATTER, cops are only minutes away "Cut out a man's tongue and you dont prove him a liar. It just proves you fear what he has to say" |
Anonymous Coward User ID: 79077409 United States 07/03/2020 12:35 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 77837750 They are going to stop making them. Hyperinflation is coming. 1's and 5's will be gone soon, too. The Fed is insolvent, and they can pull the plug on the entire economy any time they want. And the people they represent want to. But they need a very big distraction, to make the collapse seem feasible. In your opinion. How about the banks are HOARDING coins because they know their value is soon to shoot sky high. There is no coin shortage - that is utter horseshit. More likely is a revaluation (reset) on the dollar, where paper bills and computer accounts are revalued to a fraction of their nominal value. Like say a $10 bill becomes a $1 bill and a $2000 bank balance becomes a $200 bank balance. The reason that coins are pulled from circulation is that they retain their face value since they are not FEDERAL RESERVE notes or accounts denominated in FEDERAL RESERVE NOTES. They are, instead, Treasury coinage with a face value of a quarter dollar. Here's the explanation and basic math on how it works: If you have a $100 FRN bill, you could (before) go change it out for 400 quarter dollars. AFTER a revaluation of existing FRNs, a $100 bill only buys $10 worth of goods. That $100 bill becomes only an equivalent worth of 40 quarter dollars AFTER the reval. But if you had the 400 quarters instead of the $100 FRN, you would STILL HAVE $400 worth of purchasing power with those quarter dollars. 400 quarter dollars is still 400 quarter dollars because it says quarter dollar right on it and it is NOT a FRN issued by a private bank, but rather a Treasury coin issued by the US Mint. Make sense? While removing all paper and coin, in favor of a central bank digital currency system, is the big goal, this "coin shortage" is to prevent stocking up on coinage that retains face value after the FRN devaluation. Holding coinage, particularly quarters, retains face value regardless of what happens to the FEDERAL RESERVE NOTE. Doesnt matter eitherway: If you hold onto coins, When the system is devalued and no longer accept cash at all, then your held coins loose all value, unless they accept them for the "New" money That is why it is important, though. That coinage retains face value during a switching back to Treasury issued currency as the FRN is phased out. The Treasury can declare FRNs devalued against Treasury currency exchange but they CAN'T declare Treasury coin devalued against Treasury currency. |
Anonymous Coward User ID: 3319392 United States 07/03/2020 12:38 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79077409 United States 07/03/2020 12:56 PM Report Abusive Post Report Copyright Violation | It's because they are in the process of switching the minting of coins from the Federal reserve to the US dept of Treasury. No coins are being made until that process and machinery is in place. Quoting: Anonymous Coward 78162214 Fed is done.. MSM just hasn't fully reported on it yet. The Fed never minted coins or printed FRNS. The Treasury printed the FRN (US Bureau of Printing and Engraving) and minted coins (US Mint). The difference is that the bills had the FRN notice on them, which indicated that the "dollar" was licensed to the Fed. The Fed never physically printed or coined anything. Note that the word license means to receive permission to do something that is otherwise illegal. Constitutionally, FRNs are illegal but Congress gave them a license to brand the currency as FRN by the 1913 Federal Reserve Act. If you read the Federal Reserve Act, particularly 12USC411 it says that FRNs are still an obligation of the Treasury. A very smart poster here long ago explained that the Federal Reserve Note notation on a bill is the same as the "Air Jordan" notation on a pair of Nike shoes. Air Jordan=Federal Reserve Note, Nike=Treasury. Nike takes a cut of the Air Jordan brand sales profit and Air Jordan takes a cut also. The Fed's owners took their 6% per year stock dividend (also in the Fed Act) and the Treasury received the excess profits. End the Air Jordan licensing and the shoes are once again just a pair of Nikes. Once the FRN notation is removed, the license to print currency (unconstitutionally), is gone and currency reverts back to being solely a pair of Nikes. Get it? |
justavet
User ID: 77457813 United States 07/03/2020 01:00 PM Report Abusive Post Report Copyright Violation | That doesn’t explain it. They’re only stamping 2020 and 2021 coins. What about the billions and billions of coins stamped over the past several decades?? Two things are at work here. One coins are still being retired and hoarded. (Untold number of people just throw their change in a can every day and with the banks being partially closed those have not been returned) Secondly the coins as the other poster said are not being produced. Collector coins minted at West Point such as the Proof Silver Dollar and the 2020 Silver proof sets have already been sold out or close to being sold out as in the case of the proof coins. justavet In the end, our regrets are for what we didn't do, not for what we did. |
Anonymous Coward User ID: 75113321 United States 07/03/2020 01:10 PM Report Abusive Post Report Copyright Violation | It's because they are in the process of switching the minting of coins from the Federal reserve to the US dept of Treasury. No coins are being made until that process and machinery is in place. Quoting: Anonymous Coward 78162214 Fed is done.. MSM just hasn't fully reported on it yet. The Fed never minted coins or printed FRNS. The Treasury printed the FRN (US Bureau of Printing and Engraving) and minted coins (US Mint). The difference is that the bills had the FRN notice on them, which indicated that the "dollar" was licensed to the Fed. The Fed never physically printed or coined anything. Note that the word license means to receive permission to do something that is otherwise illegal. Constitutionally, FRNs are illegal but Congress gave them a license to brand the currency as FRN by the 1913 Federal Reserve Act. If you read the Federal Reserve Act, particularly 12USC411 it says that FRNs are still an obligation of the Treasury. A very smart poster here long ago explained that the Federal Reserve Note notation on a bill is the same as the "Air Jordan" notation on a pair of Nike shoes. Air Jordan=Federal Reserve Note, Nike=Treasury. Nike takes a cut of the Air Jordan brand sales profit and Air Jordan takes a cut also. The Fed's owners took their 6% per year stock dividend (also in the Fed Act) and the Treasury received the excess profits. End the Air Jordan licensing and the shoes are once again just a pair of Nikes. Once the FRN notation is removed, the license to print currency (unconstitutionally), is gone and currency reverts back to being solely a pair of Nikes. Get it? Very true But that license expired in 2013 Not a 100% sure but i don't believe it ever got resigned. The bottomline people we are living in a time were a New monetary systems is coming. |
darkwolf007
User ID: 3190930 United States 07/03/2020 01:15 PM Report Abusive Post Report Copyright Violation | Yea it sounds like bullshit. How does that even happen? Sounds like they don’t want people using cash. Quoting: Miss Bunny Swan Very much so, Miss Bunny Swan! I have gotten up to ninety nine cents in change multiple times from various stores in town since this last Sunday. I guess I will be shot and killed soon because I am "hoarding" over a hundred dollars in change in the form of my little "piggy bank". Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here. |
darkwolf007
User ID: 3190930 United States 07/03/2020 01:18 PM Report Abusive Post Report Copyright Violation | It's because they are in the process of switching the minting of coins from the Federal reserve to the US dept of Treasury. No coins are being made until that process and machinery is in place. Quoting: Anonymous Coward 78162214 Fed is done.. MSM just hasn't fully reported on it yet. The Fed never minted coins or printed FRNS. The Treasury printed the FRN (US Bureau of Printing and Engraving) and minted coins (US Mint). The difference is that the bills had the FRN notice on them, which indicated that the "dollar" was licensed to the Fed. The Fed never physically printed or coined anything. Note that the word license means to receive permission to do something that is otherwise illegal. Constitutionally, FRNs are illegal but Congress gave them a license to brand the currency as FRN by the 1913 Federal Reserve Act. If you read the Federal Reserve Act, particularly 12USC411 it says that FRNs are still an obligation of the Treasury. A very smart poster here long ago explained that the Federal Reserve Note notation on a bill is the same as the "Air Jordan" notation on a pair of Nike shoes. Air Jordan=Federal Reserve Note, Nike=Treasury. Nike takes a cut of the Air Jordan brand sales profit and Air Jordan takes a cut also. The Fed's owners took their 6% per year stock dividend (also in the Fed Act) and the Treasury received the excess profits. End the Air Jordan licensing and the shoes are once again just a pair of Nikes. Once the FRN notation is removed, the license to print currency (unconstitutionally), is gone and currency reverts back to being solely a pair of Nikes. Get it? Very true But that license expired in 2013 Not a 100% sure but i don't believe it ever got resigned. The bottomline people we are living in a time were a New monetary systems is coming. Yeah... I heard that Obama signed into Law the Renewing the Federal Reserve Act, but this time for like the next five or so centuries. I never once got any confirmation about any of this stuff. There were alot of links and other news articles showing that Obama did in fact sign into Law renewing the Federal Reserve Act, but nothing was ever proven. So it is quite possible the Federal Reserve Act of 1913 has been defunct since 2013. Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here. |
Anonymous Coward User ID: 79101587 Singapore 07/03/2020 01:28 PM Report Abusive Post Report Copyright Violation | More likely is a revaluation (reset) on the dollar, where paper bills and computer accounts are revalued to a fraction of their nominal value. Like say a $10 bill becomes a $1 bill and a $2000 bank balance becomes a $200 bank balance. The reason that coins are pulled from circulation is that they retain their face value since they are not FEDERAL RESERVE notes or accounts denominated in FEDERAL RESERVE NOTES. They are, instead, Treasury coinage with a face value of a quarter dollar. Quoting: Anonymous Coward 79077409 Yes, this is the actual situation. Very true But that license expired in 2013 Not a 100% sure but i don't believe it ever got resigned. Quoting: Anonymous Coward 75113321 The bottomline people we are living in a time were a New monetary systems is coming. Well, yes.. and its interesting. "They" tried and failed to bankrupt and reset the banking system in 2001 (long before the Fed contract expired) and in 2006 - 2008, just before the expiry... and now its a big mess because both resets fizzled. The necessary bankruptcy to clear and restructure the Cetui Que trusts failed, the contracts expired, and basically the slaves all got freed. The slaves just didn't know it. So, now it's a free for all. The ruling party lost control, another rogue party took control and its a battle to the death at the moment. Amongst the controllers, that is. Here in plebe-ville its still stupid and thoughtless. We cheer for one group or the other somehow thinking it will be better for u one way or another... lol. Bottom line, hyperinflation and forced non-work is the last possible approach to the necessary bankruptcy. In this bankruptcy, one of the things that will retain value is metal coinage--at least in the US. There are other things that will retain value, but coins are one of the things that will retain value. Thus, national "coin shortage". It's not complicated, its just that most people are horrifyingly naive. |
Anonymous Coward User ID: 75113321 United States 07/03/2020 01:37 PM Report Abusive Post Report Copyright Violation | It's because they are in the process of switching the minting of coins from the Federal reserve to the US dept of Treasury. No coins are being made until that process and machinery is in place. Quoting: Anonymous Coward 78162214 Fed is done.. MSM just hasn't fully reported on it yet. The Fed never minted coins or printed FRNS. The Treasury printed the FRN (US Bureau of Printing and Engraving) and minted coins (US Mint). The difference is that the bills had the FRN notice on them, which indicated that the "dollar" was licensed to the Fed. The Fed never physically printed or coined anything. Note that the word license means to receive permission to do something that is otherwise illegal. Constitutionally, FRNs are illegal but Congress gave them a license to brand the currency as FRN by the 1913 Federal Reserve Act. If you read the Federal Reserve Act, particularly 12USC411 it says that FRNs are still an obligation of the Treasury. A very smart poster here long ago explained that the Federal Reserve Note notation on a bill is the same as the "Air Jordan" notation on a pair of Nike shoes. Air Jordan=Federal Reserve Note, Nike=Treasury. Nike takes a cut of the Air Jordan brand sales profit and Air Jordan takes a cut also. The Fed's owners took their 6% per year stock dividend (also in the Fed Act) and the Treasury received the excess profits. End the Air Jordan licensing and the shoes are once again just a pair of Nikes. Once the FRN notation is removed, the license to print currency (unconstitutionally), is gone and currency reverts back to being solely a pair of Nikes. Get it? Very true But that license expired in 2013 Not a 100% sure but i don't believe it ever got resigned. The bottomline people we are living in a time were a New monetary systems is coming. Yeah... I heard that Obama signed into Law the Renewing the Federal Reserve Act, but this time for like the next five or so centuries. I never once got any confirmation about any of this stuff. There were alot of links and other news articles showing that Obama did in fact sign into Law renewing the Federal Reserve Act, but nothing was ever proven. So it is quite possible the Federal Reserve Act of 1913 has been defunct since 2013. This is getting interesting to say the least Thanks for your response |
Anonymous Coward User ID: 75113321 United States 07/03/2020 01:37 PM Report Abusive Post Report Copyright Violation | More likely is a revaluation (reset) on the dollar, where paper bills and computer accounts are revalued to a fraction of their nominal value. Like say a $10 bill becomes a $1 bill and a $2000 bank balance becomes a $200 bank balance. The reason that coins are pulled from circulation is that they retain their face value since they are not FEDERAL RESERVE notes or accounts denominated in FEDERAL RESERVE NOTES. They are, instead, Treasury coinage with a face value of a quarter dollar. Quoting: Anonymous Coward 79077409 Yes, this is the actual situation. Very true But that license expired in 2013 Not a 100% sure but i don't believe it ever got resigned. Quoting: Anonymous Coward 75113321 The bottomline people we are living in a time were a New monetary systems is coming. Well, yes.. and its interesting. "They" tried and failed to bankrupt and reset the banking system in 2001 (long before the Fed contract expired) and in 2006 - 2008, just before the expiry... and now its a big mess because both resets fizzled. The necessary bankruptcy to clear and restructure the Cetui Que trusts failed, the contracts expired, and basically the slaves all got freed. The slaves just didn't know it. So, now it's a free for all. The ruling party lost control, another rogue party took control and its a battle to the death at the moment. Amongst the controllers, that is. Here in plebe-ville its still stupid and thoughtless. We cheer for one group or the other somehow thinking it will be better for u one way or another... lol. Bottom line, hyperinflation and forced non-work is the last possible approach to the necessary bankruptcy. In this bankruptcy, one of the things that will retain value is metal coinage--at least in the US. There are other things that will retain value, but coins are one of the things that will retain value. Thus, national "coin shortage". It's not complicated, its just that most people are horrifyingly naive. Great poest |
Anonymous Coward User ID: 75113321 United States 07/03/2020 01:38 PM Report Abusive Post Report Copyright Violation | More likely is a revaluation (reset) on the dollar, where paper bills and computer accounts are revalued to a fraction of their nominal value. Like say a $10 bill becomes a $1 bill and a $2000 bank balance becomes a $200 bank balance. The reason that coins are pulled from circulation is that they retain their face value since they are not FEDERAL RESERVE notes or accounts denominated in FEDERAL RESERVE NOTES. They are, instead, Treasury coinage with a face value of a quarter dollar. Quoting: Anonymous Coward 79077409 Yes, this is the actual situation. Very true But that license expired in 2013 Not a 100% sure but i don't believe it ever got resigned. Quoting: Anonymous Coward 75113321 The bottomline people we are living in a time were a New monetary systems is coming. Well, yes.. and its interesting. "They" tried and failed to bankrupt and reset the banking system in 2001 (long before the Fed contract expired) and in 2006 - 2008, just before the expiry... and now its a big mess because both resets fizzled. The necessary bankruptcy to clear and restructure the Cetui Que trusts failed, the contracts expired, and basically the slaves all got freed. The slaves just didn't know it. So, now it's a free for all. The ruling party lost control, another rogue party took control and its a battle to the death at the moment. Amongst the controllers, that is. Here in plebe-ville its still stupid and thoughtless. We cheer for one group or the other somehow thinking it will be better for u one way or another... lol. Bottom line, hyperinflation and forced non-work is the last possible approach to the necessary bankruptcy. In this bankruptcy, one of the things that will retain value is metal coinage--at least in the US. There are other things that will retain value, but coins are one of the things that will retain value. Thus, national "coin shortage". It's not complicated, its just that most people are horrifyingly naive. Great *Post |
darkwolf007
User ID: 3190930 United States 07/03/2020 01:39 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 79077409 The Fed never minted coins or printed FRNS. The Treasury printed the FRN (US Bureau of Printing and Engraving) and minted coins (US Mint). The difference is that the bills had the FRN notice on them, which indicated that the "dollar" was licensed to the Fed. The Fed never physically printed or coined anything. Note that the word license means to receive permission to do something that is otherwise illegal. Constitutionally, FRNs are illegal but Congress gave them a license to brand the currency as FRN by the 1913 Federal Reserve Act. If you read the Federal Reserve Act, particularly 12USC411 it says that FRNs are still an obligation of the Treasury. A very smart poster here long ago explained that the Federal Reserve Note notation on a bill is the same as the "Air Jordan" notation on a pair of Nike shoes. Air Jordan=Federal Reserve Note, Nike=Treasury. Nike takes a cut of the Air Jordan brand sales profit and Air Jordan takes a cut also. The Fed's owners took their 6% per year stock dividend (also in the Fed Act) and the Treasury received the excess profits. End the Air Jordan licensing and the shoes are once again just a pair of Nikes. Once the FRN notation is removed, the license to print currency (unconstitutionally), is gone and currency reverts back to being solely a pair of Nikes. Get it? Very true But that license expired in 2013 Not a 100% sure but i don't believe it ever got resigned. The bottomline people we are living in a time were a New monetary systems is coming. Yeah... I heard that Obama signed into Law the Renewing the Federal Reserve Act, but this time for like the next five or so centuries. I never once got any confirmation about any of this stuff. There were alot of links and other news articles showing that Obama did in fact sign into Law renewing the Federal Reserve Act, but nothing was ever proven. So it is quite possible the Federal Reserve Act of 1913 has been defunct since 2013. This is getting interesting to say the least Thanks for your response Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here. |
Valkryste
User ID: 78781887 United States 07/03/2020 01:46 PM Report Abusive Post Report Copyright Violation | I work for the largest armored company and my coin guy has a large stock of boxed coin on skids just sitting there and he isn’t allowed to use it for change orders that are placed by the banks. The Federal Reserve won’t authorize the use of it. Saying that since coin isn’t coming back in to be processed it can’t be re-boxed It all sounds like bullshit because the coin is there, definitely not a shortage, it’s more fuckery on their part to usher in a new system. |
Anonymous Coward User ID: 79101587 Singapore 07/03/2020 02:25 PM Report Abusive Post Report Copyright Violation | People! Fact: There is $120 to $150 Billion in US Coin in circulation. Fact: Hyperinflation is happening now (all currencies are losing value except the USD, USD will be last and quickest to implode). Hyperinflation only applies to notes (paper USD notes, 1's, 5's, 10's, 20's, 50's, 100's get it?), not to coins. The companies hoarding the coins are doing it because US coins are Treasury issued currency and will not lose value. You should hoard coins too. |
Madmojo1980
(OP) User ID: 77496409 United States 07/03/2020 02:27 PM Report Abusive Post Report Copyright Violation | |
Smitty
User ID: 77438906 United States 07/03/2020 03:39 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 14364611 United States 07/03/2020 03:47 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 72523699 United States 07/03/2020 04:08 PM Report Abusive Post Report Copyright Violation | |
MKPitBull
User ID: 78489932 United States 07/03/2020 08:41 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 75113321 United States 07/03/2020 08:47 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 75113321 United States 07/03/2020 08:52 PM Report Abusive Post Report Copyright Violation | A read on one of the banks website that they were offering 2% for your coins Hell that's better then any bonds are paying right now Quoting: Anonymous Coward 75113321 First National Bank will pay a 2% premium on all U.S. coins brought to any of their branch locations. First National Bank writes, “Get out your stash, look under your couch cushions, crack open those piggy banks and bring all of your coin to earn an extra 2% |
darkwolf007
User ID: 3190930 United States 07/03/2020 08:53 PM Report Abusive Post Report Copyright Violation | Nuh uh! I refuse to trust anyone but my bank and Green Dot with my money. Green Dot because MasterCard and the other big credit card companies directly refuse to have anything to do with GLP. Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here. |
darkwolf007
User ID: 3190930 United States 07/03/2020 08:54 PM Report Abusive Post Report Copyright Violation | A read on one of the banks website that they were offering 2% for your coins Hell that's better then any bonds are paying right now Quoting: Anonymous Coward 75113321 First National Bank will pay a 2% premium on all U.S. coins brought to any of their branch locations. First National Bank writes, “Get out your stash, look under your couch cushions, crack open those piggy banks and bring all of your coin to earn an extra 2% I guess you can spend your time now to scour as many parking lots and fast food drive through windows for change. Last Edited by darkwolf007 on 07/03/2020 08:54 PM Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here. |
Anonymous Coward User ID: 79077409 United States 07/03/2020 11:34 PM Report Abusive Post Report Copyright Violation | It's because they are in the process of switching the minting of coins from the Federal reserve to the US dept of Treasury. No coins are being made until that process and machinery is in place. Quoting: Anonymous Coward 78162214 Fed is done.. MSM just hasn't fully reported on it yet. The Fed never minted coins or printed FRNS. The Treasury printed the FRN (US Bureau of Printing and Engraving) and minted coins (US Mint). The difference is that the bills had the FRN notice on them, which indicated that the "dollar" was licensed to the Fed. The Fed never physically printed or coined anything. Note that the word license means to receive permission to do something that is otherwise illegal. Constitutionally, FRNs are illegal but Congress gave them a license to brand the currency as FRN by the 1913 Federal Reserve Act. If you read the Federal Reserve Act, particularly 12USC411 it says that FRNs are still an obligation of the Treasury. A very smart poster here long ago explained that the Federal Reserve Note notation on a bill is the same as the "Air Jordan" notation on a pair of Nike shoes. Air Jordan=Federal Reserve Note, Nike=Treasury. Nike takes a cut of the Air Jordan brand sales profit and Air Jordan takes a cut also. The Fed's owners took their 6% per year stock dividend (also in the Fed Act) and the Treasury received the excess profits. End the Air Jordan licensing and the shoes are once again just a pair of Nikes. Once the FRN notation is removed, the license to print currency (unconstitutionally), is gone and currency reverts back to being solely a pair of Nikes. Get it? Very true But that license expired in 2013 Not a 100% sure but i don't believe it ever got resigned. The bottomline people we are living in a time were a New monetary systems is coming. The Fed's 99 year charter was extended to "in perpetuity" by legislation. It's also in the Fed Act. But yes, new system coming. Preserving purchasing power is the name of the game now. |