Jul 132011
From the “Damn, I wish I’d thought of that” department:
How Frequent Fliers Exploit A Government Program To Get Free Trips
Step One: Buy a buttload of dollar coins from the US Government using your credit card. They are shipped to you for free.
Step two: Deposit dollar coins into your bank accouint.
Step three: Pay off credit card bill from that bank account.
End result A: You’ve spent no money, since the government shipped the coins to you for free.
End result B: Since you put a buttload of money on your credit card, collect your free airline miles and go on a trip around the world. Huzzah!
7 Responses to “GENIUS!!!!”
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I know here in Englandland, when new coins/notes are to be introduced, the relevant bit of the Government, the Treasury, I think, announces a date, usually six to twelve months in the future, after which the old currency is no longer legal tender, and that’s it. You have until that date, to spend/exchange what you’ve got, after which it’s worthless, and the new stuff takes over. Can’t the Us Gov just do the same, or is it one of those things where the individual states have authority?
States got nuthin’ to say about coinage… that’s all up to the FedGuv. The FedGuv *could* do as you suggest, and people have suggested it; but the dollar coin is so desperately unpopular that people would go nuts if *forced* to use it,
I’m not sure if the FedGuv ever has declared old currency no longer valid, though. Show up with a century-old ten dollar bill, and it’s still legal tender. You’d be a moron to spend it, but it’d be legal.
There is a considerable mark-up on the coins over their intrinsic silver value though.
Oh, wait a second… we’re taking about the Sacagawea dollar ones here…yeah, that is brilliant.
I once got a 1940 silver quarter as lunch change, when i was 12. Sadly, I lost the quarter a couple of years later 🙁
I wish I had the mind that could work the system in such a way. I’ve had nothing but misery from the Post Office. Once, ordered some some products, and they lost the money order I used to pay for it. I got a replacement. Some sixteen years later, some bright bulb found the first one, and I got sent a bill from Uncle Sam.
And this was after I got burned from a cheaper Intergalactic trading Company wanna-be called Star Tech. I ordered almost 80 bucks of things, and never got them. I got an e-mail from th company about a bad employee who must have pocketed it. Well, I told the post office, and tried to get the money back–no luck. The bank the money order went to naturally said nothing.
Sometimes you can job the system–the rest of the time, the system jobs you.
Has the US Mint ever explained why the dollar coin must be so close to the size of a quarter? Why not make then a size half-way between a quarter and a nickel, for example? It would cost less to make, and it would be immediately obvious to you what denomination it was simply by touch…