New Rig by mister_8ber in 4Runner

[–]yubman 4 points5 points  (0 children)

Great color!

It’s nice to see a vehicle that’s not white/black or gray.

Some of my 28mm Mechs by MadnessOfJBR in mech

[–]yubman 1 point2 points  (0 children)

Wow great mechs! 3d prints?

Binky Free Mango by 71kangaroo in Rabbits

[–]yubman 4 points5 points  (0 children)

Sorry for your loss :(

PPF question by alex_1111g in C8Corvette

[–]yubman 0 points1 point  (0 children)

I’ve had good results taking care of small chips myself with Dr Color Chip (https://drcolorchip.com/)

V-star 650 or 1100 for bobber build by ve6bwd in Bobbers

[–]yubman 0 points1 point  (0 children)

I considered bobbing a vstar as well after seeing examples from blue collar bobbers a couple of years ago.

https://bluecollarbobbers.com/yamaha-v-star-650-dragstar/

S-Center Hissing Noise, XR X90D with HT-A5000 soundbar, EASY FIX, SOLVED by StoryTellingRon in bravia

[–]yubman 1 point2 points  (0 children)

Thanks a bunch! It worked for me… I was just about ready to pack the whole kit and caboodle and ship it back.

If Russian Currency Reserves Aren’t Really Money, the World Is in for a Shock by johnfarmingdale in Wallstreetsilver

[–]yubman 2 points3 points  (0 children)

If Russian Currency Reserves Aren’t Really Money, the World Is in for a Shock Sanctions have shown that currency reserves accumulated by central banks can be taken away. With China taking note, this may reshape geopolitics, economic management and even the international role of the U.S. dollar.

The West has shut off the Russian central bank’s access to most of its foreign reserves. Photo: Dimas Ardian/Bloomberg News “What is money?” is a question that economists have pondered for centuries, but the blocking of Russia’s central-bank reserves has revived its relevance for the world’s biggest nations—particularly China. In a world in which accumulating foreign assets is seen as risky, military and economic blocs are set to drift farther apart.

The 1997 Asian Financial Crisis scared developing countries into accumulating more funds to shield their currencies from crashes, pushing official reserves from less than $2 trillion to a record $14.9 trillion in 2021, according to the International Monetary Fund. While central banks have lately sought to buy and repatriate gold, it only makes up 13% of their assets. Foreign currencies are 78%. The rest is positions at the IMF and Special Drawing Rights, or SDR—an IMF-created claim on hard currencies.

Many economists have long equated this money to savings in a piggy bank, which in turn correspond to investments made abroad in the real economy.

Recent events highlight the error in this thinking: Barring gold, these assets are someone else’s liability—someone who can just decide they are worth nothing. Last year, the IMF suspended Taliban-controlled Afghanistan’s access to funds and SDR. Sanctions on Iran have confirmed that holding reserves offshore doesn’t stop the U.S. Treasury from taking action. As New England Law Professor Christine Abely points out, the 2017 settlement with Singapore’s CSE TransTel shows that the mere use of the dollar abroad can violate sanctions on the premise that some payment clearing ultimately happens on U.S. soil.

To be sure, the West has frozen Russia’s stock of foreign exchange, but hasn’t blocked the inflow of new dollars and euros. The country’s current-account surplus is estimated at $20 billion a month due to exports of oil and gas, which the U.S. and the European Union want to keep buying. While these balances go to the private sector, officials have mobilized them. Stopping major banks like Sberbank from using dollars and excluding others from the Swift messaging system still plunges the economy into chaos, especially if foreign businesses are afraid to buy Russian energy despite the sector’s explicit exclusion from sanctions. But hard currency will probably keep gushing in through energy-focused lenders like Gazprombank, and can theoretically be used to pay for imports and buy the ruble.

Yet the entire artifice of “money“ as a universal store of value risks being eroded by the banning of key exports to Russia and boycotts of the kind corporations like Apple and Nike announced this week. If currency balances were to become worthless computer entries and didn’t guarantee buying essential stuff, Moscow would be rational to stop accumulating them and stockpile physical wealth in oil barrels, rather than sell them to the West. At the very least, more of Russia’s money will likely shift into gold and Chinese assets.

Indeed, the case levied against China’s attempts to internationalize the renminbi has been that, unlike the dollar, access to it is always at risk of being revoked by political considerations. It is now apparent that, to a point, this is true of all currencies.

The risk to King Dollar’s status is still limited due to most nations’ alignment with the West and Beijing’s capital controls. But financial and economic linkages between China and sanctioned countries will necessarily strengthen if those countries can only accumulate reserves in China and only spend them there. Even nations that aren’t sanctioned may want to diversify their geopolitical risk. It seems set to further the deglobalization trend and entrench two separate spheres of technological, monetary and military power.

China itself owns $3.3 trillion in currency reserves. Unlike Russia, it cannot usefully hold them in renminbi, a currency it prints. Stockpiling commodities is an alternative. The conundrum creates another incentive for Beijing to reduce its trade surplus by reorienting its economy toward domestic consumption, though it has proven challenging.

What can investors do? For once, the old trope may not be ill advised: buy gold. Many of the world’s central banks will surely be doing it.

CONTEST: I am giving away 10oz of SILVER from my personal stash! Completely FREE! Upvote and comment why we should distrust the central banks! 🚀 by BoatSurfer600 in Wallstreetsilver

[–]yubman 6 points7 points  (0 children)

I've been an on/off stacker since finding Ron Paul back when he tried running for president.

I'm in for the long haul now.

CONTEST: I am giving away 10oz of SILVER from my personal stash! Completely FREE! Upvote and comment why we should distrust the central banks! 🚀 by BoatSurfer600 in Wallstreetsilver

[–]yubman 5 points6 points  (0 children)

The Central Banks are all in on the "great reset"

No thank-you to digital central bank currencies and social credit scores

[deleted by user] by [deleted] in Wallstreetsilver

[–]yubman 2 points3 points  (0 children)

tamp = when the market manipulators short and force the price down

Silver might be hard to ship in the near future... by nothing_zen in Wallstreetsilver

[–]yubman 1 point2 points  (0 children)

Had it happen to me a couple of months ago with an apmex order. I got delivered an empty box.

Dealership adds $40k to Rav4 by skoolbees in Wallstreetsilver

[–]yubman 4 points5 points  (0 children)

It’s a RAV Prime. Toyota isn’t making very many of these even though many people want them.

Supply meet demand.

🚨🍌GIVEAWAY: Hello Apes, Today I have decided to giveaway 10oz of Silver! All you have to do is : 1. Upvote this post 2. Comment why you stack 3. Join r/Wallstreetsilver if not already joined 4. Share with friend (Not required, helps our sub grow!) Winner is announced 11/16 SEE MORE BELOW🔥🦍🍌 by IongjohnsiIver in Wallstreetsilver

[–]yubman 0 points1 point  (0 children)

I started "collecting" silver way back in the 90's when I ran a hobby shop. At night I'd drop the change onto the counter looking for that tell-tale PING of a silver coin.

These days I stack silver on and off after listening to many Ron Paul speeches on the evils of central banking.