The U.S. Mint Ends The 1¢ Penny After 232 Years. Allegedly To "Save Money". The U.S. and USD Will Lose More in Hyperinflation Than The Supposed "Cost Savings" of Ending The Penny.
The United States Mint Announced it Will Cease Manufacturing and Production of The 1¢ Penny $0.01 Denomination Coin amid Criticism from Free-Market Capitalists, Sound Money Advocates, and Gold Clearing House.
Gold Clearing House Disagrees With The U.S. Mint To Discontinue Production of The Penny.
Gold Clearing House Was Right About Gold Skyrocketing in USD Value.
Gold Clearing House Predicts Hyperinflation Like The U.S. Has Never Seen Before.
The U.S. Mint Alleges: "Over the past decade, the cost of producing each penny has risen from 1.42 cents to 3.69 cents per penny."
Since There Will No Longer Be a Penny, Paying in Cash For Goods Will Not Be Exact, So You The Consumer Will Have To "Round Up" and "Pay More" For All Goods With USD Since There is No Way To Transact The Exact Amount To The $0.01 Will Now Be Rounded Up To The Nearest Nickel or $0.05.
It is Not About "Cost Savings" Because The Nickel $0.05 Costs $0.15 Cents To Make and Only Has a $0.05 Face Value, So The U.S. Mint is Losing Way More Money By Producing The Nickel.
By Contrast The Penny Only Cost $0.037 Cents To Make With a Face Value of $0.01 So You Can See The Penny Was More Efficient and Saved More Money Than The Nickel.
In Fact, if The U.S. Mint Wanted to "Save Money" They Should Have Cut The Nickel Because They Lose a Dime $0.10 For Every Nickel Produced.
5 Pennies $0.01 Make a $0.05 Value.
The U.S. Ending The Penny Makes No Sense.
This is a Direct Decision To End Cash Transactions and Force The People to use Central Bank Digital Currency (CBDC) Where The U.S. Government Knows Everything You Buy.
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