Thursday, December 15, 2011

lincoln, you slut

LINCOLN, YOU SLUT


Well, here we are on another Monday ( remember, I write most articles three days ahead of time so you ingrates can have weekend articles- it’s much cheaper than paying for wireless Internet ) and Monday’s usually lick open-sore monkey testicles. Okay, yes, it’s job security and if it was the other way around I’d be bitching even more, but sometimes I wonder if I picked the only friggin Food Bank in the country that has donations far exceeding demand. The grocery stores are shoveling record amounts of crap my way, I think because the college educated idiots are bound and determined that they will see green shoots coming out of the economies ass any day now if they tap their heels together three times and wish for it really hard so the award winning plan is to overload the shelves at all times, the theory being that if it looks full you get more sales. Well, this always works with a hookers bosoms, but in a store it sure helps if the customers actually have that money in the first place ( even in a Depression, the aftermath of a nuclear holocaust or the middle of a Dark Age, there will always be customers for hookers. Luxury items in a grocery store is another matter entirely ). Good for me, sooner or later bad for the stores bottom line. Anyway, as is usually the case on Mondays, I’m almost always plenty busy cursing work and my fellow man’s generosity ( and/or stupidity ) and my article idea that day usually sucks. Well, it sucks about half the time anyway but we won’t talk about that. But you take it to the bank that on busy Monday’s I’ll both have a suck ass article AND tell you all about why it sucks so I can pad a really lame article. I would be disappointed that I wasn’t becoming predictable after five years of this blog. Today, lacking a better idea, we lamely venture into a worn out subject, collecting pennies ( yes, again- shut up and send me some unique article ideas I can use ).

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You know how I always bring up buying wheat? A drought in Texas? For the love of God, buy wheat! The feds inflate the money supply some more? Jumping Jesus, buy more wheat! Wheat blight moving from country to country at about a hundred miles a year? I’m imploring you, buy wheat? Well, I’ve got a one track mind about wheat as a store of wealth like some people have about buying nickels. Anything happens, economic or political or meteorological, you are told to buy nickels. I hate nickels. I’ll save what I get, which translates to about one quart Mason jar a year, but I put no stock in their presence. It is just there, just in case, but I don’t hold my breath. Nickels are currently worth about a 20% premium over face value, but pennies are usually anywhere between 50-100% over ( granted, this fluctuates a lot and isn’t always applicable ). Right now, if you wish to act before the Post Office goes broke, there are E-Bay sellers that have already bought the $500 machine to sort the pennies mechanically and are selling them as a service ( a small premium you pay for their machine investment and time ). This is the easiest way to acquire them. It is cheaper to do this yourself manually, but if you want to stock up while you can rather than wait for a run, go to E-Bay. As of this writing you were buying $50 face value worth of copper pennies for $100 after shipping. Since there are 145 pre-82 pennies to a pound of copper, and copper is currently selling at $3.50, your $2.90 per pound purchase is a sound investment ( assuming, naturally, that we don’t start mining the moon for copper and gold and the price doesn’t fall to a buck a pound or whatever ). Just keep in mind, you are not speculating on the copper value as currently determined but betting on the future of currency.

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As soon as it is obvious that the US is as broke as some crappy little European bunghole of a country, the dollar will be accepted with the same enthusiasm as a bloody hanky from a leper in the AIDS ward. If you are too poor to buy silver or gold, and most of us are ( I’d revoke your Super Deluxe Bison Club Card if you were buying an ounce of silver rather than a poly bucket full of wheat [ a months worth of emergency food ] if you didn’t already own a few years worth of food, but a few bucks here and there for copper pennies is allowable ), copper is there for the picking. Just picking through my retail transaction change, I consistently get a ten percent minimum return on my time squinting at the penny dates ( ie, one in ten pennies is a real penny rather than a putrid pale imitation of one ). I don’t know how good/bad that would be from buying boxes of the things from the bank ( if they even let you ). I don’t know if you remember the article I did way the heck back, but I gave you a list of food prices from 150 years ago, before oil queered the economy with false prosperity. Wheat was a few cents a pound, meat about ten cents a pound, etc. The point being, pennies, copper currency, was readily accepted as money and you didn’t need a lot to feed yourself. Even stocking just a few isn’t a bad idea. I would wager a bet that mixed alloy currency is NOT as enthusiastically or readily accepted, which is why I distrust nickels- there isn’t historical evidence that they are viewed as real money by ordinary folks buying things in a truly free market ( granted, I could be wrong, which is why it would be a wager ).

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2 comments:

Gary in Bama said...

Ok my take on coins is this all coins are minted and backed 100% by the united states goverment.All bills are federal reserve notes a bank script or more like a permenant printed check.If the the fed devalues a 100$ bill and issues a 10$ bill it is with in its rights.Coins of any makeup would have to be revalued and re struck by the U.S. mint.I have never read of any country that has revalued coinage.Stop and think how many TONNS of change are in this country.a guestimant 100 miles of rail cars fully loaded?Pre 1965 base metal value is a catigorie independent of the coin.If you want pennies and nickle for metal value feel free at worst its backed by the U.S. goverment and not the banking cartel.

BLACK DOG said...

You better hope JWR doesnt find out you are knocking the nickle.