Read recently that it cost 2.41 cents to make a cent; and our government is making cents so there must be a need. Employing the “what goes around comes around” principal of macro and micro economics I have developed a procedure which could do much to bolster our nation’s economy:
Step One - Every American goes to a bank and buys 100 pennies; that is unless you have a jug of them sitting somewhere in the house.
Step Two - We then sell the pennies to the US Treasury for 1.41 cents each; which allows each American to make a forty-one cent profit for every 100 cent investment; and the government could save 100 cents for every 100 cents made simply by buying rather than making.
Give or take a few there are 311,592,000 Americans so if each bought and then sold 100 pennies - in the first week they would have an extra $127,752,720.00 of discretionary funds to spend on Step Three; and the government would have saved $311,592,000.
Step Three - take all those discretionary funds plus their initial investment of 100 pennies each and buy more pennies and sell all of them to the government; which would mean that by the end of the second week we would have an additional profit of $180,131,330.00 to reinvest in more pennies to be bought and sold in week three. And by the end of the second week Uncle Sam would have saved $750,936,720.00.
Keep repeating the process for fifty-two weeks and Americans would have so much extra spending money they wouldn’t know what to do with it all; and the Government would no longer have to buy oil from Venezuela - they would have saved so much money that they could afford to just buy Venezuela, lock, stock and barrel - for cash; no need to get China involved.
Some people seem to enjoy being so depressed about the state of the country they can’t come up with creative solutions - Me - tomorrow I’m going to send the treasury a proposal to sell them a hundred pennies - and see if I can save this great country of ours.
