FiddyP

Here it is, proof that the failing economy has nothing to do with the credit crunch. Check out this picture, correct me if I’m wrong but, aren’t copper coins supposed to be non-magnetic?

I tried it with every coin I could find, not every one is magnetic. Some of the shiny new looking ones are, most of the old ones aren’t.

That’s it, irrefutable proof that someone is introducing fake small denomination coins into the UK economy thereby making our money worth just a little bit less. It could be the Chinese or Russians, or BOTH!!

Imagine adding a thousand pounds worth of ‘coppers’ (1p and 2p) every week into the British monetary system… wikipedia states that there are around three and a half billion pounds worth of coinage in circulation, of which, about 2 billion is in 1’s and 2 pound coins. According to this BBC news article, there are 10.13 billion 1p coins and 6.2 billion 2p coins in circulation.

That’s 225 Million 300 thousand pounds in coppers, the oldest 1p’s and 2p’s in circulation are from 1971.

Put an extra 1000 pounds worth of coppers, say 50,000 1ps and 25,000 2ps, into the economy each week since 1971 and that would be around another 1 Million 965 thousand pounds worth of extra coppers coming in. So all coinage is worth around a half a percent less! No wonder fuel costs so much! Petrol stations were the only places that would show prices to the 3rd decimal place, now I know why they don’t do that anymore.

It’s a conspiracy I tells ya!

Mathematical calculations on this post were made using the Google search box so may in fact be wrong

Filed under: Blog News, Funnies | Tagged: conspiracy, funny, money