Our Industry Needs The Elimination Of The Paper Dollar Bill

[silver56]

An editorial from today's Chicago Tribune: eliminate the penny and move towards dollar coins:

http://www.chicagotribune.com/news/o...,7621649.story

[MrMachine]

Originally Posted by silver56

An editorial from today's Chicago Tribune: eliminate the penny and move towards dollar coins:

http://www.chicagotribune.com/news/o...,7621649.story

Robert,

Here's a little poem for you:

Others here may disagree,
but it all makes "cents" to me

[mjwalsh]

Originally Posted by silver56

An editorial from today's Chicago Tribune: eliminate the penny and move towards dollar coins:

http://www.chicagotribune.com/news/o...,7621649.story

Robert & others,

Since the half penny was discontinued when Abe Lincoln was prominent ... we would honor him more by using similar prudent judgement. Also my sense is that George Washington who helped foster the needed conservationist "whites of their eyes approach" would also be more honored by better judgement than what is happening in our dear country relating to our current monetary policies.

Just an observation ... if our congress & prez did do both the above simultaneously, it would not be as likely that they would be accused of being being bought by the mining industry. Like the article said, the other countries' transitions were pretty mellow with significant gains & just reflected proper adjustment for inflation that already happened & continues to happen. In my opinion, good government's constitutional role is to properly adjust the medium of exchange so it is optimized for both its business people & citizens.

For a tiny amount of red tape, it seems like bill acceptor car wash operators like myself & bill acceptor VTM laundry operators could have the redundancy of both dollar coins & limited paper one dollar notes. I hope that the response to that is not some false & misleading statement saying that bill acceptors don't jam as much as better quality coin mechs!

All of us 100% unpaid lobbyists could be more effective if we would be unified in our support for that kind of scenario. Sure it would be a bit different than the path the other countries have taken ... but it would address the extreme wastefulness of the paper cost for the most part ... & could be a healthy compromise ... if done with the proper guidelines & oversight over the Federal Reserve.

For the sake of our country ... based on the better facts & the greatest savings & commerce enabling ... the dollar coin should have priority.

mike walsh king koin of bismarck

[mjwalsh]

This is related to this thread started by Larry Adamski.

http://forum.autocareforum.com/showt...ed=1#post65608

Just in case ... anyone wants to comment on the link within the above link on a presentation given by Larry Edelson and Weiss Research. Possibly a whole new thread should be started somewhere down the road on this BB relating how our fabric care industry is definitely an integral part of the well being of America & of the world in general.

http://en.wikipedia.org/wiki/Martin_D._Weiss

Mike

[CanCanCase]

MJ-

Your post got spam canned... I just pushed it through for you.
For future reference, multiple links - especially coded ones - within a single post will typically get filtered.

Also, linking to another dynamic site with lots of flashy ads is a good way to get filtered. I had to stop reading and posting at the auto care forums after something there passed a nasty bug through to my system and killed my java.

Anyway, your post is live now. Thanks for your patience.

-Case

[silver56]

More opinion in favor of dollar coins. Getting closer and closer to Larry's dream scenario!

http://blogs.wsj.com/economics/2012/...oins-gao-says/

[Howard]

I don't think even the idiots in DC will actually see it worth pissing off the vast majority of Americans to save less than $147 million a year. That is Washington terms is smaller than rounding error

[apartment_guy]

Originally Posted by Howard

I don't think even the idiots in DC will actually see it worth pissing off the vast majority of Americans to save less than $147 million a year.

I was pissed off when our government announced that the dollar bill would be replaced by a dollar coin twenty-five years ago. (I had nothing to do with the vend industry in those days).

Of course, we didn't get to choose between coins and bills, inasmuch as the dollar bill was withdrawn from circulation.

It took about a month for me to appreciate the advantages of the coin.

[STOUT]

Originally Posted by silver56

More opinion in favor of dollar coins. Getting closer and closer to Larry's dream scenario!

http://blogs.wsj.com/economics/2012/...oins-gao-says/

Hay I tried to vote but it would not accept it. What is going on here?!

[Adamski]

Originally Posted by silver56

More opinion in favor of dollar coins. Getting closer and closer to Larry's dream scenario!

Robert,

I've been living the "dream" for about 4 years now. It was back in 2008 when I finished converting my last machines to DCO. I have to tell you, it's one of the best business decisions I ever made.

I was explaining about how Canada has a $2 coin to my General Manager last week. I brought in a Toonie to show her what the coin looks like. She was quite intrigued. I noticed the date on that particular coin was 1997. That means that Canada has had a $2 coin for at least 15 years now.

No matter what the general public thinks about our dollar coins, I'm convinced that phasing out our dollar bill would make both our currency and our coinage much easier to use. The only one who would not benefit would be Crane & Co. (the maker of the paper for our dollar bills).