dpwozney Posted March 30, 2012 Report Posted March 30, 2012 (edited) Actually this'll probably have more of an impact than people realize. The dollar can’t be devalued much more with the penny still currently being made and in mass circulation. Now, when the penny is no longer made and no longer in mass circulation, the dollar can be devalued much more. With no penny, and with the cost of making the nickel currently about 2.5 cents, the dollar can be devalued to about half it’s present value, before the nickel costs the mint money to make. Edited March 30, 2012 by dpwozney Quote
Topaz Posted March 30, 2012 Report Posted March 30, 2012 I think Canadian Tire wants to switch from paper money to reward system but nothing been said about since last year. It would probably be like Shopper's Drugmart. You spend so much and get points that you can collect those points which will turn into dollars and Sobey's does the same thing. Quote
jbg Posted March 30, 2012 Report Posted March 30, 2012 When I was a kid my dad bought me a new bike at Canadian Tire with all of his saved up Cnd Tire money. The bike was almost $100, and the cashier looked mighty PO'd she had to count all that money up AHAHAHAA!! It was such an epic wad of Cnd Tire money. Back in 1983-5, I lived in Westchester County and dated a woman in Rockland County. The Tappan Zee Bridge toll, then around $1.75, was in between. With alarming regularity I supplied them with three penny rolls and a quarter to pay the toll. Quote Free speech: "You can say what you want, but I don't have to lend you my megaphone." Always remember that when you are in the right you can afford to keep your temper, and when you are in the wrong you cannot afford to lose it. - J.J. Reynolds. Will the steps anyone is proposing to fight "climate change" reduce a single temperature, by a single degree, at a single location? The mantra of "world opinion" or the views of the "international community" betrays flabby and weak reasoning (link).
Boges Posted March 30, 2012 Report Posted March 30, 2012 (edited) I'm surprised Crappy Tire is still in business in markets where Wal Marts sell everything you can get there cheaper plus groceries, clothes, electronics and pharmaceuticals. I guess Canadian Tire does offer large appliances now, which Wal Mart doesn't so there's that. When I have gone to Canadian Tire I just put Can Tire money in the donation box inside the door. Edited March 30, 2012 by Boges Quote
Smallc Posted March 30, 2012 Report Posted March 30, 2012 I'm surprised Crappy Tire is still in business in markets where Wal Marts sell everything you can get there They most certainly don't. Quote
Boges Posted March 30, 2012 Report Posted March 30, 2012 They most certainly don't. OK they have a better selection of power tolls too. Quote
Tilter Posted March 30, 2012 Report Posted March 30, 2012 I'm surprised Crappy Tire is still in business in markets where Wal Marts sell everything you can get there cheaper plus groceries, clothes, electronics and pharmaceuticals. I guess Canadian Tire does offer large appliances now, which Wal Mart doesn't so there's that. When I have gone to Canadian Tire I just put Can Tire money in the donation box inside the door. Start checking you prices a little closer--- Wal-mart is anything but a bargain in many cases. I have found their prices to be higher than those offered in many Canadian based stores. Quote
Boges Posted March 30, 2012 Report Posted March 30, 2012 Start checking you prices a little closer--- Wal-mart is anything but a bargain in many cases. I have found their prices to be higher than those offered in many Canadian based stores. Some examples? Some things may have similar prices but the thing about Wal Mart is it's a one stop shop. I can get a pair of shoes, Dog Food, a Screw drivers and a Roast all in one store. Quote
jbg Posted March 30, 2012 Report Posted March 30, 2012 I don't have words for how little I think of my White Plains, New York Wal-Mart. And even the superstore in Fishkill, on one occasion, had filthy restrooms. Quote Free speech: "You can say what you want, but I don't have to lend you my megaphone." Always remember that when you are in the right you can afford to keep your temper, and when you are in the wrong you cannot afford to lose it. - J.J. Reynolds. Will the steps anyone is proposing to fight "climate change" reduce a single temperature, by a single degree, at a single location? The mantra of "world opinion" or the views of the "international community" betrays flabby and weak reasoning (link).
GostHacked Posted March 30, 2012 Report Posted March 30, 2012 Shop at Canadian Tire, or Wal-Mart and you are still buying the cheap garbage made in China. Quote
Jack Weber Posted March 30, 2012 Report Posted March 30, 2012 Aren't they stopping? They are.... I've got a dope dealer roll of that stuff... I smell a shopping spree in the hardware section coming on!!!! Quote The beatings will continue until morale improves!!!
Boges Posted March 30, 2012 Report Posted March 30, 2012 Shop at Canadian Tire, or Wal-Mart or just about any other retailer and you are buying the cheap garbage made in China. FTFY Quote
dpwozney Posted March 31, 2012 Report Posted March 31, 2012 (edited) John Ward, Canadian Press, wrote, in this article: “But it was inflation that really killed the little fellow. Like some numismatic cancer, it ate away at the penny’s value to the point where 95 per cent of its worth was gone”. It was metal composition changes, not only of the penny but other coins as well, that “ate away at the penny’s value to the point where 95 per cent of its worth was gone”. Metal composition changes of coins, that debase coins, is what allows for inflation to occur. Also, according to the article: “Rising metal prices, however, pushed the mint to substitute zinc for most of the copper between 1997 and 1999 and then to use steel and a copper plating for the rest of the penny’s life”. According to this chart, the price of copper in USD was actually declining from 1995 to 2002. Edited March 31, 2012 by dpwozney Quote
dpwozney Posted March 31, 2012 Report Posted March 31, 2012 The dollar can’t be devalued much more with the penny still currently being made and in mass circulation. Now, when the penny is no longer made and no longer in mass circulation, the dollar can be devalued much more. With no penny, and with the cost of making the nickel currently about 2.5 cents, the dollar can be devalued to about half it’s present value, before the nickel costs the mint money to make. Right now, with the penny still currently being made and in mass circulation, if the dollar was devalued a lot, there would be a run on pennies. Pennies minted before 1997 are 98% copper. Many pennies minted after 1996 are 98.4% zinc. About half the pennies minted after 1999 are not magnetic and therefore are not 94% steel and may also be 98.4% zinc. Recent USD March 30th metal values of these pennies are listed at the “Canada Circulating Coinage Intrinsic Value Table” at Coinflation.com. Also, if the dollar was devalued a lot and the penny was still to be made, the cost of making even the 94% steel penny would be many, many cents, and too many cents for the RCM. Quote
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