In recent weeks, President Obama decided that the value of the
penny has become so minute, that the suspension of the penny will not cause a
drastic change in the economy. With this shaky economy, the physical presence
of the money is probably worth more than the bill says. These lying strips of
parchment and moot coins are the product of all the computer money “present” in
today’s society. There are so many numbers people say they have, but if they
asked for all “their” money in physical form, the largest government “IOU”
would be issued to the masses. So where’d all the money go?
Other than under our beds and in the discrete crevasses in
our cars, all our money is made up to make people feel good. Banks don’t hold
the money we think they do. We go to banks and say “Hey, take this money for a
bit”, the teller responds with “Sure, let me take care of it”, after that, the
teller types a few digits into a computer and then tosses the money with the
rest, where it belongs (i.e the rubbish bin). Thousands, or hundreds of
thousands of dollars, can now be spent with a little plastic card. This card
says “There’s probably some money on here, but let’s find out just to make
sure.” Then it gets declined at dinner and your gold-digger date dips out of
the door and you sit there and think about where all your money went, then it
takes us back to the beginning.
Now that the value of our American dollar has been established,
let’s talk about the penny: a semi-copper, “one cent” coin that even pinchers
of said coin dismiss as unworthy tender. The mere production of the multitudes
of this useless currency costs more than the actual coins are worth. This
lonesome coin has been at the disposal of the American people since John Wilkes
Booth gave us our seventeenth president. Its close relative the farthing was
amiss at the turn of the century due to its inability to pay its back taxes to
the Brits. So it’s about time something be done about this “penny”.
In this day and age, the use of coins is as abundant and useful as
street lamplighters. Many a magician has plucked these senseless cent-less
coins from behind the ears of far too many Americans and has put too many
magical coins into our stream of cold hard cash. So, what can we do about it?
Simple: get rid of the coin- but is it that easy?
With the particulation
of the penny, the value of all transactions must equal a dollar amount that can
be brought down to the second lowest cent: the faithful nickel. Without the
penny, the nickel will assume to position as the lowest ranking officer in His
Majesties Pocket. How long will it be until the nickel becomes as useless as
the penny? What next, the dime, the all-powerful quarter? Oh the humanity; where
will the tyranny end? The tragedy of money becoming nothing is upon us.
Someday, somehow, a light will be shed and give us our answer. Until then, hold
on to your pennies, because when they’re all gone, they might be worth
something.