Monday, 4 February 2013

Good-bye Canadian Penny...

Take care of the pennies and the dollars will take care of themselves....That is a quote my dad used to tell us.
Or another common saying is .... A penny saved is a penny earned! BUT...

A handful of Canadian pennies - my picture
....today we are saying good-bye to the penny here in Canada. To tell the truth, it is just a bit sad that we have come this far in our hurried lives and in our greed in this country. My local grocery store has not wanted to deal with pennies already for most of a year. They will always give or take, which ever is required so they can go with the nickel instead.  They tell me that at the end of the day when they add things up, it makes very little difference at all.
I have fond memories from my childhood saving up every penny in my little change purse and then the joy of going along to the store with my dad to get some toffee. Oh so good!!!
I was thinking about the penny earlier today and remembering how the penny was used in school to teach the value of each coin, ( the nickel, dime, and quarter) and the dollar bill. Yes, back then we had 1 dollar bills. Now of course we have the loonie ( which is $1 coin ) and the toonie ( which is the $2 coin). I began to wonder how the schools will teach the children what the value is of each coin. eg. the nickel is made up of 5 pennies - what will the teacher say now? The nickel is worth 5 pennies but the children will not even know what a penny is or was. This is a confusing thought.
I also heard on the radio today that there is now talk of getting rid of the nickel as well. What??  Call me old fashioned but I would rather keep things as they were in the old days...keep using the penny and the nickel!
 As Bible believing Christians, we know where this is all heading. Where you ask - to the cashless society and the mark of the beast. Someday no one will be using any real money at all. There will be no buying or selling except with the mark of the beast...666. None of God's people will take the 666 mark. Sadly those who accept this 666 mark will be doomed to hell.
Revelation 13:16-18  And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:  And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
Revelation 19:20  And the beast was taken, and with him the false prophet that wrought miracles before him, with which he deceived them that had received the mark of the beast, and them that worshipped his image. These both were cast alive into a lake of fire burning with brimstone

The Canadian Penny - my picture

Here is a short piece on death of the penny from the GLOBE AND MAIL:
The penny is beginning to drop.
Canada’s most ubiquitous coin will play a dwindling part in everyday business beginning today, as Ottawa phases it out to cut costs. The passing of the penny will affect the full spectrum of the nation’s economy, from big banks to the corner store – forcing businesses and consumers to change some of their habits.

Some retailers are spending hundreds of thousands of dollars to revamp their cash-register systems to automatically round total cash purchases to the closest nickel and train staff about the changes.
But many smaller shops are far from prepared for the overhaul, and will count on cashiers to calculate the rounding manually, potentially slowing the checkout process.
Ditching the penny will inevitably cause confusion in the coming weeks as retailers adopt an array of different strategies to deal with the move. Discount giant Wal-Mart Canada Corp. will continue to take and give change in pennies until next month, when its systems will start to automatically round out total cash transactions (including tax) to the nearest five cents.
Grocery titan Loblaw Cos. Ltd. will begin this week rounding down cash purchases to the closest nickel. And Sears Canada Inc. is leaving its cashiers to manually figure out the rounding, without current plans to update its systems.
Most major retailers, including Tim Hortons, will round cash transactions to the nearest five-cent increment. But the coffee chain, which still does most of its business in cash, will stop giving out pennies as change this week, although it still will accept them
The Royal Canadian Mint stopped producing new pennies in May. After Monday, it will stop shipping them to retailers and banks, saving the federal government about $11-million a year in production costs.
The move was announced nearly a year ago in the federal budget. Still, Canadians are mostly in the dark about the death of the penny, according to a recent poll commissioned by Home Depot Canada.

There is more to the story  link here : http://www.theglobeandmail.com/report-on-business/economy/currencies/retailers-banks-and-shoppers-adjust-to-life-without-the-penny/article8155151/

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