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Tag: Coin Shortage

The Move to a Cashless Society is About Control – Holding Your Very Existence Hostage

October 29, 2020October 29, 2020Mike DakkakLeave a Comment on The Move to a Cashless Society is About Control – Holding Your Very Existence Hostage

The big push to digital currency is about convenience and speed, we are told. But it also gives powerful forces – both inside and outside of official government – vast control over not just markets, but access to markets. Markets …

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Federal Reserve to Stop Printing New Currency

October 8, 2020October 7, 2020Mike DakkakLeave a Comment on Federal Reserve to Stop Printing New Currency

https://t.co/PgBf0115Km

— David Knight (@libertytarian) October 6, 2020

The Federal Reserve will stop printing new currency this holiday season, it was recently announced.

A viewer of the David Knight Show sent in a notice to the host he received from …

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Australian Five- and Ten-Cent Coins to be Phased Out as “Cashless Society” Nears

August 25, 2020Mike DakkakLeave a Comment on Australian Five- and Ten-Cent Coins to be Phased Out as “Cashless Society” Nears

Royal Australian Mint CEO Ross MacDiarmid has predicted the “graceful death” of 5 and 10 cent coins within the next 10 years. The move would leave the 20-cent coin as the lowest form of circulating currency in that country.…

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Vaccine Records Tied to Payment Systems to Roll Out in Africa Soon

July 18, 2020Mike DakkakLeave a Comment on Vaccine Records Tied to Payment Systems to Roll Out in Africa Soon

Testing is soon to begin in parts of Africa for a biometric ID system that will include vaccine records, and also, notably, payment systems.

The systems are being backed by the GAVI vaccine alliance, which is largely backed by …

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Kroger Stops Giving Customers Change Amid Nationwide Coin Shortage

July 14, 2020Mike DakkakLeave a Comment on Kroger Stops Giving Customers Change Amid Nationwide Coin Shortage

The Kroger Company has stopped giving coins back to cash-paying customers because of a nationwide coin shortage. The remainders can be donated to charity or are being transferred to loyalty cards, the company says.

“At Kroger, we are implementing …

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U.S. Mint to Up Production to Combat Coin Shortage

July 8, 2020Mike DakkakLeave a Comment on U.S. Mint to Up Production to Combat Coin Shortage

The U.S. Mint will be increasing production of quarters, nickels, dimes and pennies after reports of shortages of coins over the last several weeks.

Last month the Federal Reserve implemented quotas for coins to protect its inventories. Because of that, …

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What is Behind the Nation’s Coin Shortage?

July 2, 2020Mike DakkakLeave a Comment on What is Behind the Nation’s Coin Shortage?

The Covid19 pandemic is seemingly claiming another group of victims: quarters, pennies, nickels and dimes.

The country is facing a coin shortage because of the coronavirus outbreak, according to Chairman of the Federal Reserve Jerome Powell.

“With the partial closure …

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