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To: koan who wrote (27833)12/14/2006 9:09:29 PM
From: E. Charters  Read Replies (1) | Respond to of 78419
 
Marcos and I have had this war before. It is troubling. I think he is associated with a group of retail bandits who intend to make a fortune off charging customers tax on 1.05, while secretly paying gov tax on 1.03 for a lot of stuff.

It is hard to get rid of unitary systems. What does it really change? How do you make a five a one?

To consolidate coinage, whilst it is desirable to get rid of low end coins that are too fine grained for today's value, it is hard to replace them with new units without changing the nature of our system. If we make the five cent piece a new one unit coin, and eliminate the toonie, to make the five dollar bill a unitary bill, what do we say it contains in currency? We would have to have a whole new valuation scheme. In other words at some period every price would be divided by 5 and the money system would be changed. For a time the old currency would be carried but we would need 5 times as much of it to pay the new prices, which of course evens out as they would be divided by 5. For a time there would be newcurr and oldcurr prices posted.

EC<:-}



To: koan who wrote (27833)12/15/2006 3:47:56 AM
From: marcos  Respond to of 78419
 
If you're getting a dime's worth for a nickel, then your only problem is how to scale up the operation to make it worth your time ... maybe what the guvmint could do to forestall this, and save on costs of producing bills as well, would be to leapfrog the nickel to five-dollar status in place of five-cent, declare it to be legal tender of 5.00, it would need a new name of course, how about the 'sinko', not that it's got any good money to drive out, but it could if there was any around

Nickel-the-metal bid 16.23 ... there aren't any studies around that show projected supply/consumption of nickel, mines shutting down and starting up and all that, like there are for zinc, at least none that appear comprehensive and come at the right price of free and gratis ... pity

Lithium is odd for a metal, specific gravity of 0.534 so it floats high in water - en.wikipedia.org