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There is an old saying that if you look at money and Nike, then the dollars take care of yourself. President Donald Trump takes that dictum, ordering Scott Bessent Treasury Minister Stop forging a trifle because the government actually loses money on coins.
Usually the printing of currency and forging coins cost less than the nominal value of the money that is created. For example, the federal government pays less than $ 100 for paper and ink to print a $ 100 account. It used to be true for little things, because the amount of copper used to forge a penny cost less than one cent.
But decades of inflation with a deficit devalue the US currency, so much that it now costs more than a little thing to create. In order to preserve its seigenation (value acquired by converting materials such as paper or metal into money), the treasury began to forge money from cheaper metals and using a meal copper on the outside.
But a continuous devaluation of dollars, which accelerated President Joe BidenThey sent the prices of goods so that even zinc would be too expensive to make a little thing. Simply put, the Government loses money with each of these coins that blacksmith, which means that it costs taxpayers.
Our government loses money with all these coins that blacksmith, which means that it costs taxpayers as well. (Cointrackers)
Trump is so determined in the return of federal finances that he does not leave a stone without entering when it comes to looking for ways to reduce costs in the Government budget. Americans like Trump, Bessent and Elon musk Understand the explanation of the aforementioned aphorism about paying attention to small details and this is the only way to finally improve the annual deficit with more billion dollars.
Although some may be sentimental about Lincoln’s image on the smallest coins of our nation, honest Abe would probably make the same decision as Trump.
This is another example of Trump and his team that had to clean up a mess that left the failure of the biden administration. According to Bidun, the currency lost about one -fifth of its value because prices have raised over 20 percent in just four years, while angry federal consumption has become the norm, the debt exploded to over $ 36 trillion and the annual interest on that debt exceeded 1 trillion dollars.
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In short, Biden left the government and American families finance in tatters. The only way out of this economic discomfort is to stop spending from Washington, DC -Ai begins with the return to common sense – such as the termination of coin coins who lose money for the Government and taxpayers.
Although some may be sentimental about Lincoln’s image on the smallest coins of our nation, honest Abe would probably make the same decision as Trump. Independent 16. I faced heavy currency issues when he tried to finance the civil war and would certainly prefer to preserve American solvency than constantly his vision to the increasingly scarce financial transactions in the digital age.
In addition, no one should worry about running out of coins. In fact, there is no reason why today’s transactions cannot be implemented to the nearest $ 10. Instead of the nearest 100th, which means one decimal place instead of two.
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In fact, it would simply re -create the same level of accuracy in the prices that existed in 1913, before Federal reserves It started close to a continuous campaign of devaluation of the currency of the nation, a cumulative fall of over 90 percent.
Cutting a pencil is part of a wider war to reduce state consumption, and this must be observed in this context. Trump, Beesent and Musk understand the dangerous state of federal finances he has led Biden administration and the ubiquitous nature of abuse, fraud and waste in the federal budget.
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Because of this, the Department for the Efficiency of the Government (Doge) is so vital to the return of America to the fiscal reason. They go through all comb a fine tooth and ensure that the dollars of taxpayers are used appropriately.
We are truly financially in poor condition, and no state consumption can be exempted from careful testing – to a trifle.
