Survival Blog – by James Wesley, Rawles
Reader Joe K. sent this news link: Bill Seeks Steel Cents, Nickels, Dimes, and Quarters. Note that the bill’s main sponsors are from Ohio, which is a steel manufacturing state. But this legislation is more than just grandstanding.
Unlike similar legislation in previous sessions of congress, this new bill will probably gain traction in the current congress, since the government has now been losing money with the seigniorage costs of pennies and nickels for many years. Well, I’ve been warning you since 2009, folks. Continue reading “Penny and Nickel Debasement Bill Introduced in U.S. Congress”

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