Obama wants cheaper pennies and nickels

I told you guys to save your nickels.  To those who thought I was bat$hit crazy, tough luck.

http://money.cnn.com/2012/02/15/news/economy/pennies_nickels/index.htm?iid=GM

There have been times in recent years when a run-up in zinc and copper prices has taken the raw material value of a penny above one cent.

That's the case for a nickel today. Its more expensive metal mix means the raw materials in each are worth almost 6 cents per coin, based on current market prices.

But, but...wait--haven't the recent government data suggest inflation is under control?  Then why on earth are prices of raw materials soaring?

The take away message is that when empires debase their currency, they eventually are literally forced to debase their currency.  This isn't rocket science, folks.  And trust government inflation data at your own peril.