Melting Coins…

It was an old joke with a good feed for thought..

Our Hero after failing in all his good ways, finally turns evil.. he decided to print money on his own.. Inspite of the fact that there is 0% chance for loss in this business, he went into loss. The reason was simple. He has printed coins instead of notes.

Most often, coins costs more money than its acual value. Almost in all world countries, the lowest denomination coin, is more worth than its actual values and basic reason, behind this was, its made of depleting resource, whose value keeps on increasing and never decreasing..

Two days back, I read a news article covered by BBC where there is large scale depletion of Currency in Eastern India. Interesting fact is that One rupee coins was melted and made into blades which was then sold for 35 Rs. To take the positive note, It has opened a new market with lots of opportunity. and, There were instances in some street markets, a normal people can get 130 Rs for 100 one rupee coins and there were many more instances not only in India, all across the world. Each country has made this act as Illegal.

Lets think.. is it illegal? I don’t think so.. Because just imagine case, I have parker pen worth 100 Rs. and you have another parker pen worth 50 Rs. What would someone call me if i exchange the pen with you? will he call me a fool? .. Yes.. Its completely foolish. Then just imagine who you ‘re when you give 3 one ruppee coins for a Tea ? . Technically, you’re paying more than 3 Rs.

The two common reasons…

1. prizes of essential commodities would always keep on increasing
2. if the countries currency looses its value, their coins actual value reduces than its face value.

So whats the solution to this problem? I could not think of any solution other than abolishing the currency, as government can’t get back the money from People. Also, the people who has got coins, can get more profit if they melt. Another reason is that, Abolishing lower denomination will eliminates beggars. I believe, Any average human would think atleast five times before dropping ten rupee note for a beggar.

Shankar’s Sivaji, The hero fight against corrupted rich India, where he asks government to abolish the higher denomination notes. Here, in this blog, the fight is against the begging India.

To sum it up, we should abolish currency as a whole. and have to rely on electronic money that solves the black money & beggary. And Always, its quite difficult to fight against the powerful person and weakest person.

I was thinking over this solution, If lower denomination was abolished, There is no possibility of buying goods less than 10 Rs. Imagine 3 Rs Tea, The quality & quantity of it, would improve a lot and sorry about the Taste ..

Moral:

Start Collecting coins..its a good hobby…:)