We are nearing the end of the life of the penny, many may see this as a welcome event, however I am mourning its demise.  For over 200 years, the United States has had the Penny in circulation and is one of the most well known forms of currency the world knows.  The problem is these days, a penny just won’t buy you what it once did.  Even though I am not yet 30 I can remember buying penny candy.  I am sure it was not a huge money maker, but the fact that a Tootsie Roll could be purchased for a cent, was part of the American way of life  growing up as a child.  Good luck finding a Penny Candy anywhere in America these days, it won’t exist.

Why is this important?  Because Government has destroyed the value of our money, and the way of life we once enjoyed.  It is not how much you make, but what that money will buy you.  A hundred pennies 20 years ago, compared to having 100 pennies today, just isn’t the same.  All the economic wonks point the fact that we make more money as inflation rises.  Well I have news for them, this is bullshit.  I moved furniture to earn money through high School and College and made a whopping $11.50, 12 years later, I have moved on, but those movers are still making 10 dollars an hour.  You economists should look those workers in they eye and say inflation helps you.  The truth is it only helps those who have first access to it, ie banks.

So as the penny is laid to rest, so goes the American Dream.  Next the nickel, then the quarter, then the dollar.  How long until we retire the dollar and Americans are still making that $10 dollars an hour, how long can this squeeze by the Fed and Government last before something gives?