Hometown Journey

OG Juan and his Association with JZ

OG Juan is a prolific figure in JZ’s lyrics. He is a childhood friend of the Marcy-Projects rapper and a co-pilot in Roc Nation Sports and a known entrepreneur in the US. Jz fond of him and mentions him more frequently in his artwork. They are business partners too. To many it’s funny how the get along yet they belong into two different categories, life patterns and even profession wise which the latter adopts a very distinct trait and culture from the other. But to them, they see each other as a family, a big family. They are always there for each other.

Being great friends and business partners, key decisions regarding their business and seeing their business prosper and the decision making process is a short one since it only involves the two of them, no many beauriacracies needed to come up with the decision. He is known for having traded one of his business premises with Robbie, a baseball player, who to him, he (Robbie) was the perfect guy to transact with, as he already had made a name for himself, had a massive inspiration to the Latin people and one of the best players in baseball with a massive follow-up.

Besides he was a hardworking and disciplined public figure, for Juan that was the perfect guy to trade with. And marketing him was easy. Trading with Robbie, a public figure to work with and help him publicize his business was easy, all Juan needed was to explain to him that they were a 360 company, who didn’t have any agents to negotiate with but had brands already existing, market share as well as the publicity and different departments. OG Juan, being an entrepreneur and a businessman, it was easy for him to lure Robbie into striking a business deal with him.

The US Money Reserve and the plight of the penny

Once upon a time, there was a common belief here in America that if you found a penny lying on the ground face up it was good luck and by picking it up the rest of your day would go perfectly. Is this still the case? If you were to find a penny on the ground would you take the time to bend over to pick it up? Unfortunately, in this day and age rife with inflation, one penny does not do much so the answer more times than not is to leave Abraham Lincoln lying on the ground with regards to the U.S. Money Reserve. This being the case, there is now an ongoing debate going on at the Federal level on whether or not the 1 cent coin should be discontinued.

According to Retail Mont, in modern America only 25% of all transactions deal with cash. The remainder is completely dominated by the use of electronic currency. With the constant rise in internet usage the data shows that the elimination of the penny will not negatively affect commerce in any way.

However, by removing this denomination from the financial system the Federal government will save 105 million dollars a year annually. You may wonder how such a low valued coin could be costing the government so much money? The truth is that penny production has been outsourced resulting in the price per coin to rise to a whopping $2.41 (US).

Add to this the fact that a cashier spends about 730 seconds per year handling pennies and the cost for “Ol’ Abe” rises to about $900 million dollars a year according to Robert M. Whaples, an economics professor at Wake Forest University. I’m sure that I don’t have to go into detail about how this affects the United States economy. In situations where we generally use coins like pay phones, parking meters and vending machines pennies are not acceptable forms of currency. So the question that we must ask ourselves is was Benjamin Franklin wrong when he said, “A penny saved is a penny earned?”

Below you will find the Good Search interview of Philip Diehl, the U.S Money Reserve President, where he speaks candidly about the demise of the penny.