Another data point that tells me we are headed for inflation or bust.

The story:

https://www.zerohedge.com/markets/mnuchin-begs-coins-amid-shortage-avoid-depositing-these-pennies

Summary (my interpretation of above events):

The FED may effectively be telling us the metals in our change box will soon be worth more than their face value  ! 

But once again, those are not the words they (or their bank or corp. chain stores) are using.   Why wasn’t there a ‘shortage the last 20 years during which time velocity of M1 has been plummeting.  Who exactly is it that ‘needs’ change that doesn’t have access to it? – the Fed needs my pennies and nickels, really!

The nickel, steel, zinc or whatever our coins are made out of may soon be worth more than its face value.  Maybe only 5-10-15% in a year or so but it’s probably a good idea to hang on to them or give them to your kids if they know how to save – one day maybe they too will appreciate what governments do to coinage over time.

1965 – excessively easy monetary policy, removed all silver from coinage (pumped tons of currency into social programs).

1970-1980 off gold standard with rampant inflation

2020 – turn in your coins to banks and retailers because there is a ‘shortage’.

2021 – ??? inflation (has it begun already)?

Shocked, Shocked To Find Inflation Going On Here

https://money.yahoo.com/inflation-actually-lot-higher-think-235403523.html

I would guess that one day we will see paper currency also get recalled, perhaps under guise that “bills spread covid” or something.

Are we being conditioned ?  We let our coins go, why not paper?  or how about – “I quit using paper because no one could or would make change”.  One degree at a time mr. frog.

I have no idea what the future holds but based on my mistrust of  fed/banks/politicians – this seems like a ‘reasonably’ successful strategy to get citizens to let go of cash – sort of like being ‘groomed’ before the ‘reset’ – maybe something akin to 1933 perhaps, or the 70% debasement of buying power in the 70’s.  One thing for certain – it’s happening now.

_______________________________________________

Possible End-Game

“Hypothetical” Digital Currency.

https://www.zerohedge.com/markets/preview-feds-coming-direct-money-transfers-brainard-says-fed-collaborating-mit-hypothetical

Once we’re all digital how easy is it going to be for the NWO/BIS whoever, to create a single WORLD currency – yes if you don’t hold it – you don’t own it – but you may get the hell TAXED out of it.