Okay, I'll grant that, but is it a hair so fine that it doesn't matter?
While the U.S. Dollar was defined in terms of gold, everything else was defined in terms of the USD. Hence the phrase "good as gold" back in the day. It also explains why most of the world's large international transactions are done in USD. The Bretton Woods Accord essentially mandated that the USD be pegged to gold and every other major currency be pegged to the USD, with the US taking a small cut.
It's good to be the world reserve currency (king)!
Gold is, but a gold *standard* isn't. Or, rather, it doesn't have to be.
You just adjust the value assigned to the gold. Since there is no significant commerce valued in "ounces of pure gold", you adjust the value given to your medium of exchange.
See 1971, when Richard Nixon revalued gold from $21 to $35 per ounce, but only for non-American exchangers.
Re-read the article. His point is that once a currency becomes *too* volatile it ceases being money. He doesn't say money *has* to be fixed to be useful, just that it is OPTIMAL when fixed. The *less* it fluctuates the more useful it is as a standard medium for exchange.
"Money is most optimal when it is fixed in value..." (Emphasis mine.)
Only because Gold was defined in terms of U.S. Dollars. Specifically, the major nations of the world got together and said "1 ounce of pure gold is $21 U.S. Dollars".
A gold standard isn't magic, nor does is prevent inflation or deflation.
Option 3: Tell the SEC yourself and turn him in so he takes all of the blame. Considering the SEC can't unwind trades, the firm keeps the profits and doesn't have to pay the trader's commission.
Maybe, MAYBE they get a fine, but considering the SEC would want to encourage the self-policing, I doubt it.
You're over-thinking things. All the trigger needs is an electrical pulse. Phones are frequently used because you can SET AN ALARM an it'll go off -- cell reception or not.
That is the most common usage that I've read about when attacking events that can be easily timed and located.
In the United States, the average finishing time for marathons in 2011 was 4:37 (10:34/mile pace), according to MarathonGuide.com. What time did the race start? Set the alarm for 4 1/2 hours later.
Cell reception at the bottom of a metal trash bin at an event guaranteed to have many more people with phones than the carriers can handle is iffy at best.
It would be as far as Microsoft's revenue is concerned. They don't collect a dime from all those existing OS installs. Unless they convince people to buy new versions, along with new versions of MS Office, their revenue will take a nosedive.
As much as I love Planet Money, they were absolutely clueless on certain aspects of this story.
Set up two offshore companies, B and C. Company A is the U.S. company.
Company A hires Company B for services and pays them. Money is transferred and reported.
Company B hires Company C for services and pays them. Money is transferred but not necessarily reported.
Rinse, repeat with as many shell companies as you wish to use. Feel free to break payments up into management chunks.
Make sure to purchase real property with a distant company and then LEASE it with a closer one, probably using a nominee. This works for anything with a title: land, houses, cars, boats, planes, etc.
Panama City, Panama is a major banking center. Did you know the just recently signed Free Trade Agreement with Panama exempts them from most U.S. bank reporting requirements? No?
You don't need to file a flight plan in visual conditions for visual (non-instrument) flight. ATCs are only in controlled airspace, usually surrounding major airports.
In most cases, helicopters fly so low that unless they're heading for the airport, they aren't actively tracked. They get clearance to enter the space, and the tower then lets planes know they are in the area.
Huge differences in altitude, so not really an issue.
Note: Rules are probably different for flying in D.C. Possibly NYC, due to congestion. I haven't looked explicitly.
Slashdot Mirror
A Jar-Jar snuff film might actually be fairly popular.
I own my sole to the company store...
That is funny on so many different levels.
Okay, I'll grant that, but is it a hair so fine that it doesn't matter?
While the U.S. Dollar was defined in terms of gold, everything else was defined in terms of the USD. Hence the phrase "good as gold" back in the day. It also explains why most of the world's large international transactions are done in USD. The Bretton Woods Accord essentially mandated that the USD be pegged to gold and every other major currency be pegged to the USD, with the US taking a small cut.
It's good to be the world reserve currency (king)!
Feel free to check out the older brother's YouTube page and gather what you can.
Personally, I think it was the mix of trance (music), skiing in Maine and Islamic Sufism. That is a volatile mix if there ever was one.
http://www.youtube.com/user/muazseyfullah
You forgot the A-Team, which seemed to have a quota of a few thousand rounds fired per episode with ZERO casualties.
...apparently there's a problem
PEBKAC identified.
It is only tax evasion if you don't report it, regardless of the amount or your overall wealth.
I was trying to say there are almost no items where the price is quoted in ounces of gold. Not that there was no use of gold other than as money.
That is "1 loaf of bread is .1 gram 24k".
Gold is, but a gold *standard* isn't. Or, rather, it doesn't have to be.
You just adjust the value assigned to the gold. Since there is no significant commerce valued in "ounces of pure gold", you adjust the value given to your medium of exchange.
See 1971, when Richard Nixon revalued gold from $21 to $35 per ounce, but only for non-American exchangers.
Re-read the article. His point is that once a currency becomes *too* volatile it ceases being money. He doesn't say money *has* to be fixed to be useful, just that it is OPTIMAL when fixed. The *less* it fluctuates the more useful it is as a standard medium for exchange.
"Money is most optimal when it is fixed in value..." (Emphasis mine.)
Only because Gold was defined in terms of U.S. Dollars. Specifically, the major nations of the world got together and said "1 ounce of pure gold is $21 U.S. Dollars".
A gold standard isn't magic, nor does is prevent inflation or deflation.
This isn't news, unless you disengage your brain.
Right now BTC is, at best, an investment, and I use that term loosely.
Option 3: Tell the SEC yourself and turn him in so he takes all of the blame. Considering the SEC can't unwind trades, the firm keeps the profits and doesn't have to pay the trader's commission.
Maybe, MAYBE they get a fine, but considering the SEC would want to encourage the self-policing, I doubt it.
You're over-thinking things. All the trigger needs is an electrical pulse. Phones are frequently used because you can SET AN ALARM an it'll go off -- cell reception or not.
That is the most common usage that I've read about when attacking events that can be easily timed and located.
In the United States, the average finishing time for marathons in 2011 was 4:37 (10:34/mile pace), according to MarathonGuide.com. What time did the race start? Set the alarm for 4 1/2 hours later.
Cell reception at the bottom of a metal trash bin at an event guaranteed to have many more people with phones than the carriers can handle is iffy at best.
It would be as far as Microsoft's revenue is concerned. They don't collect a dime from all those existing OS installs. Unless they convince people to buy new versions, along with new versions of MS Office, their revenue will take a nosedive.
So he can definitively settle those "mine is bigger than yours" arguments that crop up every now and then.
Honestly, I'd pay extra for that. Do you have a link?
Dick Cheney? Being undead isn't a different species.
For those dedicated enough to speak Chem (and maybe German!)
http://onlinelibrary.wiley.com/doi/10.1002/ange.201300766/abstract
Xylose is otherwise pervasive, being found in the embryos of most edible plants.
Well, that should be enough information to trigger the food crops/fuel crops flame-warriors for the next few years.
It is my understanding that they require platinum series metals.
Sounds like a couple of women I've dated.
The Ford Focus Fusion is designed to move you.
Whoosh!
Honestly? The Dolby THX sound was the first thing I thought of.
As much as I love Planet Money, they were absolutely clueless on certain aspects of this story.
Set up two offshore companies, B and C. Company A is the U.S. company.
Company A hires Company B for services and pays them. Money is transferred and reported.
Company B hires Company C for services and pays them. Money is transferred but not necessarily reported.
Rinse, repeat with as many shell companies as you wish to use. Feel free to break payments up into management chunks.
Make sure to purchase real property with a distant company and then LEASE it with a closer one, probably using a nominee. This works for anything with a title: land, houses, cars, boats, planes, etc.
Panama City, Panama is a major banking center. Did you know the just recently signed Free Trade Agreement with Panama exempts them from most U.S. bank reporting requirements? No?
Noob.
Not normally, no.
You don't need to file a flight plan in visual conditions for visual (non-instrument) flight. ATCs are only in controlled airspace, usually surrounding major airports.
In most cases, helicopters fly so low that unless they're heading for the airport, they aren't actively tracked. They get clearance to enter the space, and the tower then lets planes know they are in the area.
Huge differences in altitude, so not really an issue.
Note: Rules are probably different for flying in D.C. Possibly NYC, due to congestion. I haven't looked explicitly.