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If any entity would try to wrestle away the money printing monopoly from any government it will be outlawed faster than you can say bailout.
modified 20-Oct-19 21:02pm.
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That sort of system has been tried multiple times in the past and it always failed.
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What is a "Central Bank"?
And why would they have a significant (presumably) investment in gold such that diversifying to anything else would matter?
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jschell wrote: What is a "Central Bank"?
A newfangled concept, with the FED and the ECB as examples. In these modern times, they invent the economic reality as they go, mostly to prevent declines in the stock-market.
The idea behind the central bank, as being a private entity, is that it keeps the money-press out of the hands of the politicians - since they usually have a strong incentive to debase the money, as history proves.
jschell wrote: And why would they have a significant (presumably) investment in gold such that diversifying to anything else would matter?
Most countries hold gold as a monetary insurance. As much as the media may brand it a barbaric relic, most governments act otherwise.
Bastard Programmer from Hell 
If you can't read my code, try converting it here[^]
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Eddy Vluggen wrote: A newfangled concept, with the FED and the ECB as examples. In these modern times, they invent the economic reality as they go, mostly to prevent declines in the stock-market.
The idea behind the central bank, as being a private entity, is that it keeps the money-press out of the hands of the politicians - since they usually have a strong incentive to debase the money, as history proves.
I know how those work. But they have no real connection to gold so I was wondering if there was some country that had a "Central Bank" that was in fact seriously invested in gold.
Eddy Vluggen wrote: Most countries hold gold as a monetary insurance. As much as the media may brand it a barbaric relic, most governments act otherwise.
Ah that tenuous connection makes the original post somewhat more understandable.
Although that is not the sole or even a completely direct reason for such banks continuing to hold it.
And for that reason conversion it to crypto is absolutely outside the bounds of reason. Since much of the "insurance" value is based on perception of the value of which crypto has none.
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jschell wrote: I know how those work. But they have no real connection to gold so I was wondering if there was some country that had a "Central Bank" that was in fact seriously invested in gold.
There's a list, but I did not have enough time to check it twice 
The gold listed for each of the countries in the table may not be physically stored in the country listed, as central banks generally have not allowed independent audits of their reserves.
jschell wrote: Although that is not the sole or even a completely direct reason for such banks continuing to hold it.
Ah, so you are unfamiliar with Greenspans' opinion? 
Bastard Programmer from Hell
If you can't read my code, try converting it here[^]
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For those of you that are into this sort of thing, does this Samsung Gear S3 Frontier Smartwatch (5647800) require a SIM card (for 4G LTE connectivity), or does this one do everything BUT place/receive calls?
Thanks.
DC
"One man's wage rise is another man's price increase." - Harold Wilson
"Fireproof doesn't mean the fire will never come. It means when the fire comes that you will be able to withstand it." - Michael Simmons
"You can easily judge the character of a man by how he treats those who can do nothing for him." - James D. Miles
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It doesn't have 4G (or 3G) connectivity, only Bluetooth and WiFi. It can place and receive calls through a paired mobile phone like a Bluetooth headset.
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That works out very well . . . you can use the phone to call someone and ask them the time.
| Ravings en masse^ |
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| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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Sounds right, because the clock face would change to a phone face while talking. 
"One man's wage rise is another man's price increase." - Harold Wilson
"Fireproof doesn't mean the fire will never come. It means when the fire comes that you will be able to withstand it." - Michael Simmons
"You can easily judge the character of a man by how he treats those who can do nothing for him." - James D. Miles
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Phoney McPhoneface... I like it!
It was broke, so I fixed it.
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Good read, thanks. It seems that most issues were tied to there being too many apps running rather than an actual battery issue.
"One man's wage rise is another man's price increase." - Harold Wilson
"Fireproof doesn't mean the fire will never come. It means when the fire comes that you will be able to withstand it." - Michael Simmons
"You can easily judge the character of a man by how he treats those who can do nothing for him." - James D. Miles
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My S2 can receive make and calls independently of my S8+ and might not have enough room for a SIM card so may have the functionality built in somehow. It has it's own number or can work as a slave through Bluetooth to the S8+.
- I would love to change the world, but they won’t give me the source code.
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Forogar wrote: and might not have enough room for a SIM card so may have the functionality built in somehow
It has an embedded SIM card.
Not sure what that means in terms of service. Either it would need to clone your regular phone which I suspect is problematic or you would need another line to support it.
Also I suspect if you use it in any communication capacity extensively it would drain the battery very quickly.
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I have another line/number for the watch. So far I have received nothing but junk calls which I mostly ignore. It can also be slaved to the S8+ and make calls through it's number so it works both ways.
The main problem is you can't hear what someone is saying when there is a lot of ambient noise without holding the watch close to your ear - which works fine but looks silly!
- I would love to change the world, but they won’t give me the source code.
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Forogar wrote: The main problem is you can't hear what someone is saying when there is a lot of ambient noise without holding the watch close to your ear
I can't hear my cell phone even when next to my ear with a lot of noise. So not a lot of difference there.
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Is Harry Potter an unshaven ceramic artist?
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
AntiTwitter: @DalekDave is now a follower!
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I thought that was Patrick Swayze.
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The PotWraith.
I have lived with several Zen masters - all of them were cats.
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What about his auntie, Potty?
... such stuff as dreams are made on
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That post wheel urn you only a single reputation point. I threw out that comment because I'm feeling a bit gLazy right now.
| Ravings en masse^ |
|---|
| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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I think he cracked a long time ago
Signature ready for installation. Please Reboot now.
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