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ucodegen
Participant[quote AK]You alarmist fool, the U.S. dollar is backed by … um … I dunno, Treasury bonds or something?[/quote]
Nope.. it is a fiat currency. It is backed by ‘faith’ in the US economic system. Wiki def. It is a ‘floating’ currency that serves as an ‘intermediary’ for exchange, but has no ‘intrinsic value’ in and of itself.When that faith fails, or when the government starts printing more of its fiat currency(or changes-reduced reserve ratios, drops interest rates).. the representative value of the fiat currency vs a hard asset drops. The representative value of the fiat currency actually increases when the opposite happens.
[quote SK in CV]Precisely what is the relationship between the gold in fort knox and the amount spent on economic and quantitative stimulus? Why does that relationship exist?[/quote]
There is no such relationship.[quote SK in CV]I would propose that it is entirely artificial, that gold has no significant intrinsic value and as a monetary unit is purely a social construct. (Unlike, for instance, oil or wheat.)[/quote]
All items have values that are in part social constructs. This includes both oil and gold. Imagine what would happen if people figured out how to make engines (for vehicles, electrical generators, etc) that were 80% efficient? The demand and therefore the price for oil would drop. What if the price of solar collectors dropped and efficiencies exceeded 30%? That would affect oil prices as well as prices on electrical generation.[quote walterwhite]all monetary units are social constructs.
gold is the only monetary unit that will never completely fail.[/quote]
If it is a social construct, it can fail. The question is the odds of it happening. Large gold discovery would severely depress the price and not all places have been explored. Gold is dense, making it much less likely to get to the surface from the core of the earth. There is also much more gold that has been extracted than people realize (it is not as rare as other elements.) and its price presently exceeds its relative scarcity and economic desirability. Look up the ‘Platinum group metals’..[quote walterwhite]gold is beautiful and humans love beauty.[/quote]
But the definition of beauty is relative. There is an interesting old style “Twilight Zone” short on that.ucodegen
Participant[quote AK]You alarmist fool, the U.S. dollar is backed by … um … I dunno, Treasury bonds or something?[/quote]
Nope.. it is a fiat currency. It is backed by ‘faith’ in the US economic system. Wiki def. It is a ‘floating’ currency that serves as an ‘intermediary’ for exchange, but has no ‘intrinsic value’ in and of itself.When that faith fails, or when the government starts printing more of its fiat currency(or changes-reduced reserve ratios, drops interest rates).. the representative value of the fiat currency vs a hard asset drops. The representative value of the fiat currency actually increases when the opposite happens.
[quote SK in CV]Precisely what is the relationship between the gold in fort knox and the amount spent on economic and quantitative stimulus? Why does that relationship exist?[/quote]
There is no such relationship.[quote SK in CV]I would propose that it is entirely artificial, that gold has no significant intrinsic value and as a monetary unit is purely a social construct. (Unlike, for instance, oil or wheat.)[/quote]
All items have values that are in part social constructs. This includes both oil and gold. Imagine what would happen if people figured out how to make engines (for vehicles, electrical generators, etc) that were 80% efficient? The demand and therefore the price for oil would drop. What if the price of solar collectors dropped and efficiencies exceeded 30%? That would affect oil prices as well as prices on electrical generation.[quote walterwhite]all monetary units are social constructs.
gold is the only monetary unit that will never completely fail.[/quote]
If it is a social construct, it can fail. The question is the odds of it happening. Large gold discovery would severely depress the price and not all places have been explored. Gold is dense, making it much less likely to get to the surface from the core of the earth. There is also much more gold that has been extracted than people realize (it is not as rare as other elements.) and its price presently exceeds its relative scarcity and economic desirability. Look up the ‘Platinum group metals’..[quote walterwhite]gold is beautiful and humans love beauty.[/quote]
But the definition of beauty is relative. There is an interesting old style “Twilight Zone” short on that.ucodegen
ParticipantIf this perp is somewhat predictable, see if you can get pictures of him with a camera. If it is dark, try one that is sensitive to the IR spectrum. Sony makes some cameras and camcorders that have a ‘Nightshot’ option which causes the Near Infrared Filter to be removed/displaced from the sensor. You might be able to get a old one off Ebay. Some of Sony’s camcorders that are pre 1998 have the capability.
Once you have one of these camcorders, it would be useful to be able to illuminate the outside using Near Infrared light. There are several LED based emitters that work.
Once you have the video of the perp.. it is easier to get the police to move.
ucodegen
ParticipantIf this perp is somewhat predictable, see if you can get pictures of him with a camera. If it is dark, try one that is sensitive to the IR spectrum. Sony makes some cameras and camcorders that have a ‘Nightshot’ option which causes the Near Infrared Filter to be removed/displaced from the sensor. You might be able to get a old one off Ebay. Some of Sony’s camcorders that are pre 1998 have the capability.
Once you have one of these camcorders, it would be useful to be able to illuminate the outside using Near Infrared light. There are several LED based emitters that work.
Once you have the video of the perp.. it is easier to get the police to move.
ucodegen
ParticipantIf this perp is somewhat predictable, see if you can get pictures of him with a camera. If it is dark, try one that is sensitive to the IR spectrum. Sony makes some cameras and camcorders that have a ‘Nightshot’ option which causes the Near Infrared Filter to be removed/displaced from the sensor. You might be able to get a old one off Ebay. Some of Sony’s camcorders that are pre 1998 have the capability.
Once you have one of these camcorders, it would be useful to be able to illuminate the outside using Near Infrared light. There are several LED based emitters that work.
Once you have the video of the perp.. it is easier to get the police to move.
ucodegen
ParticipantIf this perp is somewhat predictable, see if you can get pictures of him with a camera. If it is dark, try one that is sensitive to the IR spectrum. Sony makes some cameras and camcorders that have a ‘Nightshot’ option which causes the Near Infrared Filter to be removed/displaced from the sensor. You might be able to get a old one off Ebay. Some of Sony’s camcorders that are pre 1998 have the capability.
Once you have one of these camcorders, it would be useful to be able to illuminate the outside using Near Infrared light. There are several LED based emitters that work.
Once you have the video of the perp.. it is easier to get the police to move.
ucodegen
ParticipantIf this perp is somewhat predictable, see if you can get pictures of him with a camera. If it is dark, try one that is sensitive to the IR spectrum. Sony makes some cameras and camcorders that have a ‘Nightshot’ option which causes the Near Infrared Filter to be removed/displaced from the sensor. You might be able to get a old one off Ebay. Some of Sony’s camcorders that are pre 1998 have the capability.
Once you have one of these camcorders, it would be useful to be able to illuminate the outside using Near Infrared light. There are several LED based emitters that work.
Once you have the video of the perp.. it is easier to get the police to move.
December 15, 2010 at 5:03 PM in reply to: OT: Best gas mileage/price for a 6+ passenger vehicle #639917ucodegen
ParticipantDodge Grand Caravan. On the 2010, the seats fold down into the chassis giving you a flat 8 feet by 4 feet – as well as allowing you to have 3 rows of seats if you want.
What type of gas mileage are you getting on the Odyssey.. what year is it?
December 15, 2010 at 5:03 PM in reply to: OT: Best gas mileage/price for a 6+ passenger vehicle #639988ucodegen
ParticipantDodge Grand Caravan. On the 2010, the seats fold down into the chassis giving you a flat 8 feet by 4 feet – as well as allowing you to have 3 rows of seats if you want.
What type of gas mileage are you getting on the Odyssey.. what year is it?
December 15, 2010 at 5:03 PM in reply to: OT: Best gas mileage/price for a 6+ passenger vehicle #640569ucodegen
ParticipantDodge Grand Caravan. On the 2010, the seats fold down into the chassis giving you a flat 8 feet by 4 feet – as well as allowing you to have 3 rows of seats if you want.
What type of gas mileage are you getting on the Odyssey.. what year is it?
December 15, 2010 at 5:03 PM in reply to: OT: Best gas mileage/price for a 6+ passenger vehicle #640705ucodegen
ParticipantDodge Grand Caravan. On the 2010, the seats fold down into the chassis giving you a flat 8 feet by 4 feet – as well as allowing you to have 3 rows of seats if you want.
What type of gas mileage are you getting on the Odyssey.. what year is it?
December 15, 2010 at 5:03 PM in reply to: OT: Best gas mileage/price for a 6+ passenger vehicle #641022ucodegen
ParticipantDodge Grand Caravan. On the 2010, the seats fold down into the chassis giving you a flat 8 feet by 4 feet – as well as allowing you to have 3 rows of seats if you want.
What type of gas mileage are you getting on the Odyssey.. what year is it?
ucodegen
Participant[quote briansd1]Yeah, deadzone. The resets are what we need to watch — not necessarily interest rate resets, but resets to include principal paydown. [/quote]
Just a slight technicality:
reset = Interest rate change – like with an I/O or amortizing loan that tracks LIBOR or Prime.
recast = When an I/O mortgage becomes fully amortizing. The recast signifies a change in the ‘structure’ of the loan and not just the interest rate. Mortgage modifications or loan modifications are sometimes known as recasts – particularly if I/O to amortizing or amortizing to I/O.ucodegen
Participant[quote briansd1]Yeah, deadzone. The resets are what we need to watch — not necessarily interest rate resets, but resets to include principal paydown. [/quote]
Just a slight technicality:
reset = Interest rate change – like with an I/O or amortizing loan that tracks LIBOR or Prime.
recast = When an I/O mortgage becomes fully amortizing. The recast signifies a change in the ‘structure’ of the loan and not just the interest rate. Mortgage modifications or loan modifications are sometimes known as recasts – particularly if I/O to amortizing or amortizing to I/O. -
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