ExpressLane
Verified User
You have to excuse her . Her brain has been destroyed by Porta Potty chemicals. I tried to warn her not to continue licking Porta Potty seats but she ignored me.
RUSSIA DEFAULTS ON DEBT
- Thread starter evince
- Start date
Yes you did.
moon
Satire for Sanity
You should ask for a refund from your Humor course.
ExpressLane
Verified User
He is down in the Blue chemicals with you.
ExpressLane
Verified User
You should get your lips off of Putin's communist ass.
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moon
Satire for Sanity
Not for much longer the way things are going.
we defaulted in exactly the same way in the 70's. we unilaterally changed the form of payment
we promised payment in gold - but did away with gold convertibility and paid in dollars
Russia is to pay in dollars, unilaterally changed to pay in rubles.
moon
Satire for Sanity
Potty mouth.
ExpressLane
Verified User
You are the one with a commode mouth. Does Putin pull you ear to flush?
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evince
Truthmatters
Apparently, he tried to pay in rubles. therefore he had money, but he was in control and could inflate it.
evince
Truthmatters
The loan specifies they had to pay in dollars
in the 70's all our loan promises was basedo n our dollor being backed by gold
Then-president Richard Nixon passed executive order-11615 on 15 August 1971 unilaterally declaring the abandonment of the dollar peg to gold. No prior consultation happened with IMF. No approval was taken from nations holding dollar. No option was given to nations who were holding dollars on the explicit commitment of the US on the gold peg.
That default was no different than what Russia is doing today.
evince
Truthmatters
evince
Truthmatters
https://en.m.wikipedia.org/wiki/Gold_standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932[1][2] as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold foreign central banks, effectively ending the Bretton Woods system.[3] Many states still hold substantial gold reserves.[4][5]
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932[1][2] as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold foreign central banks, effectively ending the Bretton Woods system.[3] Many states still hold substantial gold reserves.[4][5]
yes. it is the same.
evince
Truthmatters
https://monroeengineering.com/blog/why-gold-is-used-in-electronics/
Why Gold Is Used in Electronics
Publish Date: October 18, 2019 | Category: Blog Posts, Material
With an average price of nearly $1,500 per ounce, as of October 2019, gold ranks as one of the most expensive metals in the world. Even with its high price, though, it’s commonly used in the manufacturing of electronics. From desktop and laptop computers to smartphones, TVs, video game consoles and more, countless electronics contain gold. In fact, most electronics contain at least some amount of this precious metal. So, why do manufacturers prefer gold rather than cheaper, more readily available metals?
The Role of Gold in Electronics
Before we reveal why gold is used in electronics, let’s talk about how it’s used. Electronics aren’t made entirely of gold. Rather, the precious and expensive metal is used for specific components such as connectors, switch contacts, relay contacts and wires.
High Electrical Conductivity
One of the reasons why is used in electronics is because of its electrical conductivity properties. Gold is highly conductive, meaning electricity can easily flow through it with minimal resistance. Copper, silver and aluminum are also conductive, but gold offers a superior level of electrical conductivity. As a result, it’s the perfect material for electrical components like those previously mentioned. When used in electronics, gold allows electricity to flow to and from the respective device with minimal resistance.
Easy to Work
Another reason gold is used in electronics is because it’s easy to work. Some people assume that gold is hard and strong, but this isn’t necessarily true. It’s actually relatively soft and pliable, which makes it easy to work. The soft and pliable characteristics of gold allow manufacturing companies to easy include it in otherwise small electronics. Gold, for example, can be drawn into electrical wires or connectors — something that’s not possible with harder and stronger metals.
Resistant to Tarnishing
The benefits of gold in electronics doesn’t stop there. In addition to high electrical conductivity and being easy to work, this precious metal is resistant to tarnishing. Gold doesn’t mix well with oxygen. Even when left outdoors for long periods of time, it will absorb little or no oxygen. This is important because oxygen is responsible for tarnishing (as well as rusting). When oxygen mixes with a metal, it causes the metal to oxidize, which then leads to tarnishing or other forms of corrosion.
Gold is used in electronics for three primary reasons: It has high electrical conductivity; it’s easy to work; and it’s resistant to tarnishing. While gold is expensive, these characteristics make it an invaluable material for use in the electronics manufacturing.
Why Gold Is Used in Electronics
Publish Date: October 18, 2019 | Category: Blog Posts, Material
With an average price of nearly $1,500 per ounce, as of October 2019, gold ranks as one of the most expensive metals in the world. Even with its high price, though, it’s commonly used in the manufacturing of electronics. From desktop and laptop computers to smartphones, TVs, video game consoles and more, countless electronics contain gold. In fact, most electronics contain at least some amount of this precious metal. So, why do manufacturers prefer gold rather than cheaper, more readily available metals?
The Role of Gold in Electronics
Before we reveal why gold is used in electronics, let’s talk about how it’s used. Electronics aren’t made entirely of gold. Rather, the precious and expensive metal is used for specific components such as connectors, switch contacts, relay contacts and wires.
High Electrical Conductivity
One of the reasons why is used in electronics is because of its electrical conductivity properties. Gold is highly conductive, meaning electricity can easily flow through it with minimal resistance. Copper, silver and aluminum are also conductive, but gold offers a superior level of electrical conductivity. As a result, it’s the perfect material for electrical components like those previously mentioned. When used in electronics, gold allows electricity to flow to and from the respective device with minimal resistance.
Easy to Work
Another reason gold is used in electronics is because it’s easy to work. Some people assume that gold is hard and strong, but this isn’t necessarily true. It’s actually relatively soft and pliable, which makes it easy to work. The soft and pliable characteristics of gold allow manufacturing companies to easy include it in otherwise small electronics. Gold, for example, can be drawn into electrical wires or connectors — something that’s not possible with harder and stronger metals.
Resistant to Tarnishing
The benefits of gold in electronics doesn’t stop there. In addition to high electrical conductivity and being easy to work, this precious metal is resistant to tarnishing. Gold doesn’t mix well with oxygen. Even when left outdoors for long periods of time, it will absorb little or no oxygen. This is important because oxygen is responsible for tarnishing (as well as rusting). When oxygen mixes with a metal, it causes the metal to oxidize, which then leads to tarnishing or other forms of corrosion.
Gold is used in electronics for three primary reasons: It has high electrical conductivity; it’s easy to work; and it’s resistant to tarnishing. While gold is expensive, these characteristics make it an invaluable material for use in the electronics manufacturing.
moon
Satire for Sanity
evince
Truthmatters
That is not foreign debt idiot