THE "PENNY KING " SPEAKS

THE MYTH OF THE MILLION DOLLAR PENNY

Legend has it that there is a man alive today in the United States who has for many years now been going around buying up pennies from strangers he meets along his travels, giving them a 100,000% return on their pennies.

He pays one dollar for each penny and tells the story of “The Penny King”, a man who appears to be broke, houseless, and without any visible means of life support. And yes, that is not a typo, a one hundred thousand percent return on your pennies!

He tells the tale of an imaginary penny that is floating around in society somewhere that is worth more than a million dollars, and if you are a penny buff, you know that the S-VDB minted in San Francisco in 1909, three years before the Federal Reserve Act was passed, is worth around a thousand dollars today if it is in mint or better condition. By 2009 it might double in value if “The Penny King” has his way.

In his travels of over a million miles around North America over the past thirty odd years, he once amassed a trunk full of pennies that his second son, Christian, cashed in for $4,000 when he left his family in Reno four years ago to go to war against his enemies who stole his publicly traded company which to him was worth $70 million at the time.

Since then, he has forgiven his enemies and is now amassing new wealth – by sharing his understanding. He has been clean and sober for more than three years after attending more than 500 AA, NA, CA and SOS meetings during his recovery processes.

His understanding is that if you start with a penny and you utilize your talent and knowledge to double it every day, after 28 days you will have over a million dollars, and if you keep doubling, you will exceed a billion dollars after the 38th day.

Most people are not capable of making a million dollars in one month let alone in their entire lifetimes. They lack the education, resources and talent to make it happen. There are jealous rich people who will try to make sure it doesn’t.

The same mathematical formula holds true if you wish to use the internet to communicate to a billion people and cause a global penny shortage, a collapse of the bond market, a collapse of the United States dollar, and a global depression, but that is getting ahead of the story, which is being made into a feature length motion picture titled, “The Penny King”.

If you send a message electronically to two people asking them to also send it to two others and keep doubling the number of times that message is sent out, it doesn’t take long for a billion people to get the email, especially if it means good news for poor people and those struggling with debts and the stress of raising a family in a global economy that is managed about as poorly as the United States government.

That doesn’t necessarily mean that a billion people will actually read your message, but it does illustrate the potential power of human communication ability and talent in this day and age. It also doesn’t mean that the recipients of your message will understand it.

Over three fourths of the world, more than 4.5 billion people, are illiterate and less than 1% of the world’s population is Super Literate, meaning they read or hear and understand perfectly everything that is said or written.

There are many articles on the subject of this mythological penny that could fetch over a million dollars. Supposedly the United States Mint made only one of these pennies and it somehow managed to slip out of the garbage bin and into circulation through some former government employee’s deliberate attempts to cash in on what could now only be deemed a tiny diamond in a global haystack.

The Penny King” likes to tell the story of how he once put up a golden penny for auction on eBay with a minimum bid of $1 million and someone successfully bid and won.

He was all set to cash in his spray painted gold penny and buy hundreds of thousands more and make a global business of it when the person who won the auction backed out thinking it was altogether a joke.

The poor Penny King, ripped off, wiped out, burned over a dozen times, he persists to this day, after 15 years of travels, buying pennies for a dollar on any given Sunday out on Venice Beach and dancing with the drummers on the beach. There are rumors however that he might soon be going on a road trip to Canada and then to Europe.

He says “until the United States Congress passes a law that makes collecting mortgage interest a corrupt racketeering criminal activity on owner occupied homes, replaces the deduction for mortgage interest for those who itemize their tax deductions, with a tax credit for debt repayment, there is no point in staying in America until the blood has stopped flowing in the streets.”

He also likes to brag that he is the one and only Penny King and even though others have copied the name, or have even had their daughters named after him, he insists there is only one Penny King, who was named by a homeless man from whom he bought a whole knapsack full of pennies for $40 in 1995 on the streets of Portland, Oregon, near 9th and Stark.

His biggest claim to undiscovered fame is that he had been buying up pennies for a nickel each all over America for five years before 2000 and it resulted in a national penny shortage.

Some say he didn’t cause it, but others will testify that the demand for pennies has risen since he has been buying them over the past 15 years. The U.S. spends 65% of its time keeping up with the demand for pennies!

Now that copper has increased to a penny and a half worth in each penny, the government owned mint is losing money hand over fist.

At least 50% of the cost of making pennies is in the price of the copper. The other cost is in the labor involved in mining, refining, minting, stacking, packaging and shipping the pennies to the Federal Reserve Banks which in turn distribute them to their 15,000 stockholding banks and deposit taking institutions all over the country.

The smartest Chinese are exporting both American and Canadian pennies from the United States for their copper value alone, melting them down in foreign countries and shipping the raw copper back to the United States for a 50% gross profit”, according to ‘The Penny King’. It is amazing how idiotic and moronic some government officials can get with our money.”

Now he is on the penny trail again, amassing them at the rate of about a hundred a week on a very good day – how he does it is somehow his greatest trade secret – only now he pays a buck for each penny! Wonder who his sponsors are or where and how he gets his money?

He says that by the time of his death “the dollar will be worthless and Lincoln pennies will be global collectors items.”

He says that soon the United States will be forced to do away with minting pennies. “People the world over will increase the value of the penny and trash the dollar and send all those phony political pillars of power politics packing to the penny trash bin, and every publicly traded corporation in the world will go with them”.

The man may be a fanatic visionary generous genius but what do I know? I’m saving all my pennies!

Unusually, the man came to California four years ago after being called in to audition for Sumner Redstone’s Viacom Cable Television owned MTV that wanted to do a half hour segment on a never produced pilot show called “What’s My Obsession?”

You guessed it – his obsession with pennies started when he met Steven Lucas in Sterling Heights, Michigan as an eleven year old kid bored to death with Math and English.

Young Lucas taught him about collecting wheat pennies, their constantly rising collectible values, about shagging golf balls from the river and selling them back to the golfers for a quarter, how to start a successful bubble gum business, how to make 500% daily returns on nickels invested by selling Bubblicious rolls for a quarter to his schoolmates at recesses twice a day, and the value of feeling a girls’ breasts. It was not his best hustle.

He also taught him how to short change two pennies out of each penny roll, how to make each roll look exactly even so the tellers wouldn’t notice, and that is when he learned about vigorish – interest – usury –debt slavery.

He was making four percent a day on each dollar he took to and from the bank. Wall Street money managers couldn’t touch him, neither could the law. He was a minor bank robber.

Later in life, he became a mortgage banker and then renounced and denounced his profession, calling all bankers the most corrupt racketeers in the history of humanity.

Fortunately he wasn’t caught for his crimes and the statute of limitations on his penny pinching expired long ago, but it illustrates how even a child, without anyone’s knowledge, can rob a bank without modern day technology.

Today, electronic machines weigh the coinage but if the value of copper and nickel continues to rise, the Federal Government may actually be forced to come up with alternative means – such as plastic electronic spare change cards – to continue to fuel the fiat funny money once known as the “almighty dollar” which is generated by an octupussal engine of computer technology, regulated and distributed by the Federal Reserve Act, a law invented by Bankers for bankers.

It has become inhuman”, says the King, who has been rumored in some circles to actually have royalty in his blood that goes back to the first Hungarian King, Saint Stephen.

There are various political movements about the country seeking to do away with the United States Mint and replace it with Federal Reserve Bank regulated debit change cards instead of coinage.

There are many others who want to do away with the Federal Reserve Banking system and replace it with a global equity sharing currency.

Plastic lasts longer in circulation than the images on metal and can be produced much cheaper than metal coinage. Shutting down the mints would save taxpayers as much as $500 million a year in taxes let alone the amount of money saved from not being seignioraged on coinage.

Seigniorage is the difference between the cost of the metal plus minting expenses and the face value of a coin. If it costs the government a penny and a half to make one penny, the mint is losing money on penny production, but it makes up the losses on nickels, dimes, State Quarters, half dollars, and paper notes.

No one really knows how much money the government actually makes, even the best economists couldn’t tell you and you can bet if they try it’s a lie.

Now, after fifteen years of being in development, “The Penny King” – the film – a docucomedicdrama of errors – is in full production on the streets of Los Angeles by a production entity that goes only by the name of Young Hung Arian Gorillas – such a scary name!

The goal of the film is to show the rest of the world how to dismantle the military industrial financial media complex without violence and replace it with an educational free and clear economic society that builds a new global civilization without war, without usury, without banks, and without criminals.

His worst enemy, whom he has also forgiven forever and sends his love out to daily, once falsely told the FBI that he planned to blow up the Federal Reserve Bank.

If you happen to catch sight of him, he is driving a funky four door Toyota, usually somewhere between Hollywood and Malibu, with “The Penny King – Now in Production” emblazoned on both sides of the rainbow colored ménage et art that he uses for transportation and stunts in the film.

The picture I caught of his car is at the beginning of this article. It looks like he got carried away with the copper and gold paint.

Don’t try to follow him, if you do, he will take down your license number with his external 360 degrees of out of body vision, find out who you really are, put you on his black list and never give you a dollar for your pennies. Jay Leno and Bill Gates, did you get that?

He usually ends his weekend story telling jaunts by saying to the children playing their drums at Venice Beach, “If you diligently give away half of all that touches your fingers on a daily basis, in whatever form you choose to make your gifts; the physical universe will infinitely bless you with its’ constant state of expanding infinite abundance”.

And the moral of the story is?

Two opposing viewpoints state the following: You cannot out-give or out-create the infinite infinitor of infinities (God in your mind), and money is an illusory invention of the mind that should not be given to children to play with until they understand for what purpose they want to play with it.

His favorite approach is to ask, “Have you heard about the penny shortage?” I won’t give you the punch line - that would spoil it for you if you actually ran into the man.

Ashes, ashes, we all fall down with pennyweights of copper?

Or ashes to ashes, dust to dust, the sword is out of the stone and will never rust, because it is made of metal that is of excellent caliber… go figure!

Wonder how many people in the City of Angels are walking around with pockets full of pennies?

Long live “The Penny King” and may he bump into you very soon so you too can earn 100,000% on your pennies! Laughing out loud!

Copyright © 2007 by Alex S. Gabor. All World Rights Reserved! Photo Image Copyright © 2007 by Alex S. Gabor.