Anyone Sad To See That The Canadian Penny Has Been Discontinued?

[wizard]

... i find the move to be tremendously worrisome ...

... it seems to me that the canadian government is actually bound by a lawful obligation to supply pennies to the canadian financial markets and has violated the law by discontinuing it ...

... any thoughts?

 

[SLM]

There are far, far fewer cash transactions taking place anymore. And it probably diminishes more each year, I would bet. I think eventually all physical currency will be redundant.

 

[Goober]

... i find the move to be tremendously worrisome ...

... it seems to me that the canadian government is actually bound by a lawful obligation to supply pennies to the canadian financial markets and has violated the law by discontinuing it ...

... any thoughts?

Well If I offered a penny for your thoughts I would be overpaying.

 

[wizard]

There are far, far fewer cash transactions taking place anymore. And it probably diminishes more each year, I would bet. I think eventually all physical currency will be redundant.

... i hope you're not right about that ...

... i try to stay as far away from banks as possible and pay as much with cash as i can so i find it disturbing to hear that the government is creating obstacles for people paying with cash ...

 

[L Gilbert]

Oh, no! What will we ever weigh down our old coffee cans with if there are no more pennies?
Pain in the ass coins.

In Canada, the dumb coin costs more than it's worth to produce (kinda like politicians). In the States it's the same only even more expensive to produce:

http://www.snopes.com/business/money/pennycost.asp

 

[SLM]

Well If I offered a penny for your thoughts I would be overpaying.

Goobs, be nice and wait for the thread to go off the rails first, lol.

... i hope you're not right about that ...

... i try to stay as far away from banks as possible and pay as much with cash as i can so i find it disturbing to hear that the government is creating obstacles for people paying with cash ...

Why? Cash comes from the bank already, you must need to withdraw it at least. So why would loading up an electronic device be any different?

 

[Goober]

Goobs, be nice and wait for the thread to go off the rails first, lol.



Why? Cash comes from the bank already, you must need to withdraw it at least. So why would loading up an electronic device be any different?

Only for you and for a very very short time. is that fair?

 

[wizard]

Goobs, be nice and wait for the thread to go off the rails first, lol.



Why? Cash comes from the bank already, you must need to withdraw it at least. So why would loading up an electronic device be any different?

... thanks for asking ...

... i prefer to administer my money myself, as opposed to having other parties (such as those operating an "electronic device") administer it. the less people involved the less chance of fraud and mistakes happening. been hit by bank and brokerage fraud too many times ...

... simple as that ...

 

[#juan]

Goobs, be nice and wait for the thread to go off the rails first, lol.



Why? Cash comes from the bank already, you must need to withdraw it at least. So why would loading up an electronic device be any different?

Goobs, be nice and wait for the thread to go off the rails first, lol.

Is there anything out there you can buy for a penny? When I was a kid there were penny candies but I don't think they're
around any more. I once spent a dollar on jawbreakers....three for a penny....I was the most popular kid in our school for
a while.

 

[Cliffy]

I don't have any mobile electronic devices and don't plan to get any. I prefer paying cash and not having to pay a transaction fee every time I buy something, so I lean in the Wizard's direction on this one. I guess the stores rounding up cash payments will amount to paying fees for transactions over time, but I don't feel like paying hundreds for a cell phone or other device and then paying for a user plan. Just doesn't make sense to me to join the mindless consumer crowd.

 

[L Gilbert]

... thanks for asking ...

... i prefer to administer my money myself, as opposed to having other parties (such as those operating an "electronic device") administer it. the less people involved the less chance of fraud and mistakes happening. been hit by bank and brokerage fraud too many times ...

... simple as that ...

Well, it might have helped if you hadn't gotten that big "M" tattooed on your forehead.

 

[SLM]

Only for you and for a very very short time. is that fair?

It won't take long, lol.

 

[wizard]

Well, it might have helped if you hadn't got that big "M" tattooed on your forehead.

... what might have helped?

 

[L Gilbert]

"been hit by bank and brokerage fraud too many times"

 

[wizard]

Well, it might have helped if you hadn't gotten that big "M" tattooed on your forehead.

... explain. why is it okay for canadian banks to steal from me?

 

[SLM]

Is there anything out there you can buy for a penny? When I was a kid there were penny candies but I don't think they're
around any more. I once spent a dollar on jawbreakers....three for a penny....I was the most popular kid in our school for
a while.

There is nothing! The only "usefulness" of the penny, in my opinion, is prevent the need from having to round up everything at the cash registers. But really, big deal.

I used to work in a cash office at a store, counting money all day, lol. All cash is disgusting (dirty, bacteria ridden, yuck) but pennies are the absolute worst!!

 

[taxslave]

... thanks for asking ...

... i prefer to administer my money myself, as opposed to having other parties (such as those operating an "electronic device") administer it. the less people involved the less chance of fraud and mistakes happening. been hit by bank and brokerage fraud too many times ...

... simple as that ...

SO you admit that you got caught trying to defraud the bank?

 

[Goober]

SO you admit that you got caught trying to defraud the bank?

Not him - It is all a conspiracy -

 

[SLM]

Not him - It is all a conspiracy -

See what I mean? Lol, it never takes very long does it?

 

[taxslave]

Not him - It is all a conspiracy -

The penalty for conspiracy to commit fraud isn't much less than for committing the actual crime.