updated 8:43 p.m. ET, Tues., May. 6, 2008 WASHINGTON - Further evidence that times are tough: It now costs more than a penny to make a penny. And the cost of a nickel is more than 7½ cents. Surging prices for copper, zinc and nickel have some in Congress trying to bring back the steel-made pennies of World War II, and maybe using steel for nickels, as well. Copper and nickel prices have tripled since 2003 and the price of zinc has quadrupled, said Rep. Luis Gutierrez, D-Ill., whose subcommittee oversees the U.S. Mint. http://www.msnbc.msn.com/id/24491928/?GT1=43001
Sure, throw gas on the fire. For every new dollar printed, the one in your pocket looses a share of it's value. So, even though there's more money in circulation, it takes more to buy any given product. By making it all digital, this scam would be streamlined. This high speed inflation/deflation fraud would surely lose the trust of anyone who actually holds real wealth like commodities, resources and land. Long story short: Goodbye middle class, hello prison planet. Go back to the silver or gold standard. It's our only hope.
