RUSSIA DEFAULTS ON DEBT

evince said:
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.
Click to expand...

you are dumb as rocks

so we promise that any money you give us - will be paid back in a certain form.

Russia promises the same

Russia defaults on the terms - just like we did

it is the same


https://en.m.wikipedia.org/wiki/Smithsonian_Agreement

On August 15, 1971, US President Richard Nixon unilaterally suspended the convertibility of US dollars into gold.
 
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
 
The Information Age required gold to make computers


Keeping massive reserves of gold would have stifled the computer age


The gold standard was not a default on foreign debt idiot
 
evince said:
https://www.google.com/amp/s/amp.cnn.com/cnn/2022/04/11/investing/russia-default-sp/index.html



The right wing hero is destroying Russia
Click to expand...



London(CNN Business) Russia has defaulted on its foreign debt because it offered bondholders payments in rubles, not dollars, credit ratings agency S&P has said.

Russia attempted to pay in rubles for two dollar-denominated bonds that matured on April 4, S&P said in a note on Friday. The agency said this amounted to a "selective default" because investors are unlikely to be able to convert the rubles into "dollars equivalent to the originally due amounts."
 
I dont see why Russia should want to pay its debts at all, most of it is I think held by the West, which is clearly out to destroy Russia....who hands money over to their enemies? Besides, the current global economic system is toast, because it pretends that debts will be paid which never can be paid, there is too much of it.

Its worth noting as inflation really picks up that paying debts in money that has been made though inflation worth much less than when the promise was made is also defaulting.
 
evince said:
Go read the OP IDIOT


This is about the debt Russia just defaulted on


Dumb fuck
Click to expand...

no shit jackass. and I pointed out we defaulted in the 70's in much the same way

Russia unilatatterally changed the terms of how they pay back. we did the same in the 70's.

it is the fucking same retardo
 
evince said:
Nope
Click to expand...

this is the ugly American to the core

We promised foreign governments something

they noticed we could never live up to our promises

We say fuck you - and rip up the promises

And idiots like this shittard will claim we have never defaulted on our promises

shit stain ugly Americans
 
evince said:
https://www.google.com/amp/s/amp.cnn.com/cnn/2022/03/17/economy/russia-default-explained/index.html


"A default is a disaster for Russia," said Timothy Ash, a senior sovereign strategist at BlueBay Asset Management.

The country's assault on Ukraine has left it with few friends in the international community, and a default would likely cut off access to foreign financing for years.



Russia's economy is already hemorrhaging. Since the war started, its currency has fallen to record lows, critical revenue is slowing as oil traders shun Russian crude, dozens of international corporations have suspended operations, and sanctions have frozen more than $300 billion in foreign currency reserves.

The pain of a default will be felt largely within Russia.

The International Monetary Fund's managing director, Kristalina Georgieva, said a financial crisis beyond Russian borders was unlikely to develop "for now," saying that the exposure of Western banks was "not systemically relevant."

For anyone having flashbacks of the 2010s European sovereign debt crisis, now is a good time to take a deep breath. Systemic risk appears to be low.
Click to expand...

we should do this shit to china also.
 
zymurgy said:
whatever shit tard

we promised payment in gold backed currency, not fiat currency

Russia promised payment in Us Dollar - a floating currency - and is paying back in other terms

the same concept- the terms were changed by one side
Click to expand...

And we changed our system legally you weird fuck




Russia borrowed foreign funds and signed a contract to pay it back with dollars


They tried to pay their lender with rubles instead



This is not the same as leaving the gold standard you nutter
 
You must log in or register to reply here.
Back
Top