RUSSIA DEFAULTS ON DEBT

archives said:
So the sanctions then are crippling the Russian economy such to the extend that they are beginning to default
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it's like charging a slave for not being free.

why did they default? because we are freezing them from accessing their property.
 
evince said:
Yeap


People always say sanctions don’t work right up until sanctions work
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sanctions definitely work.

They will work on china too.

globalists are torn right now on sanctions, because they have to make the case sanctions only work on russia, but wouldn't work on china.
 
AssHatZombie said:
sanctions definitely work.

They will work on china too.

globalists are torn right now on sanctions, because they have to make the case sanctions only work on russia, but wouldn't work on china.
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If you are speaking of Trumps sanctions on China, they were a complete failure
 
evince said:
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]
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From 1944 to 1971 there was effectively no gold standard. A changing 'standard' is not a standard. That's why the Bretton Woods system failed. The dollar was effectively fiat at that time.
 
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.
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So you can cut and paste. Meh.
 
evince said:
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
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You already pasted this.
 
Into the Night said:
Putin is ignoring the sanctions. He just sells his oil to someone else.
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Well currently the Chinese are not picking up the slack, they are still relying on Saudi and Iranian oil I read, but I still expect them to do it. I suspect that they are taking some extra time to get their central bank deposits in order after watching how we fucked the Russians, once they are ready they will ignore Western sanctions. At this point there will be two economic systems in the world, the dying Western system and the upstart Eastern system.
 
Into the Night said:
From 1944 to 1971 there was effectively no gold standard. A changing 'standard' is not a standard. That's why the Bretton Woods system failed. The dollar was effectively fiat at that time.
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there was still a gold standard on a national level until 1971.

and on an individual level until sometime in the 30s or 40s.

The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard.

FDR Takes United States Off Gold Standard - HISTORYhttps://www.history.com ›

france wanting to "cash" in their dollars in 1971 is what triggered the announcement.
 
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