from Silver Doctors:
Is Gresham’s law turbo-charging the cashless society, pushed by the Deep State Globalists in bed with Corporate America?
(by Half Dollar) Is this whole “coin shortage” driving anybody else crazy?
I mean, first of all, it’s not a freakin’ choice: Our Money is required, by the US Constitution, to be Gold & Silver.
Sorry Bitcoin Fanboys and Pumpers (I’d be glad to debate any prominent people on this topic, or any Bitcoin topic, just send an email to [email protected]).
Still, since we’re talking about the confounded masses not understanding where their stinkin’ pennies have gone, now that, sadly, every one of them counts, we’re bombarded by the headlines.
Side rant: Does anybody else pick up abandoned pennies from the ground, even if they’re tails’ side down?
Don’t judge.
Only greedy people tell you not to do that.
But I digress.
Side Note to the Side Rant: If people understood what’s really going on here, that we’ve arrived at the point in time where it costs more than a penny to make a penny, and at the same time, it costs less than $0.01 to digitally print $100 (estimate of energy consumption, rounded to the nearest penny), it wouldn’t just be a shortage of coinage but a shortage of everything.
Every.
Single.
Thing.
A la Venezuela circa the hyperinflationary collapse.
But there I go again with that you-know-what.
OK, “Hey Half Dollar, tell us what!”.
Taking a walk down Nostalgia Lane.
That’s what.
Oh, and digression.
That too.
Now.
Back on track: The latest coin shortage hysteria is brought to you by everybody’s favorite wannabe alternative website, Zero Hedge:
The question is, why is there a coin shortage?
For many reasons.
First and foremost, think of all the supply chain disruptions this year:
In addition to the supply chain disruptions, there’s the push for the cashless society, and there’s the War on Cash.
And I’d like to add in one more reason, however: Gresham’s Law.
Gresham’s law simply states that “bad money drives out good”.
And with Fed Head Powell admitting the Fed just prints money:
Of course not.
So now, even the crappy clad stuff is disappearing from circulation.
Some primers, for those who may not be aware, including why a bi-metallic gold & silver standard is NOT a choice:
Here’s some interesting discussion on silver that took place last week: