Loading ...This is important because the US Dollar has shrunk in value so far, that $1 is equal to two hamburger rolls, and or 4 slices of white bread. So it no longer makes sense to have 4 slices of bread divided into 100 pieces or a penny as the smallest denomination.
The new Penny will be worth 20 cents, the new Nickel will be worth $1, (postage stamp) the new Dime will be worth $2 (for a cup of coffee) The new Quarter will be worth $5 (for a gallon of gas) The Half Dollar coins .50 cents will be worth $10 (a meat ball hero).
This way all the annoying pocket change will have great value and circulate, rather than end up useless in jars and cans, and naturally a $1 bill will buy $20 dollars worth of something. The new $100 bill will be worth $2,000 each, (1950 Chevy was $1,000 new) and $200 new dollars $4,000 will buy a new expensive $80,000 car.
Stock splits often attract buyers, because they are starting with a lower more affordable price per share. A US Dollar split would have to be done at 2:00 AM on a Sunday. Also all bank accounts checking accounts, brokerage accounts and prices at the deli and car dealership will have to be divided by 20.
Mark my words, this will happen some day. Things that have to happen, happen. I knew in 1970 that the police should be using SUVs, look how many years it took. I knew in the 1960s a right turn on red is harmless, we had to wait until the 1970s for that. Some day the slicing machine for ham at the deli will have a built in scale where the meat falls.