balance of payments Mug
the sum of the capital account balance and the current account balance; put another way, the net change in financial reserves of a country, whether in the form of income (current account) or foreign investments (capital account) For example, in all years since 1980, the USA has run a large-to-huge current account deficit, but in most years it has run a capital account surplus that is almost as big as the current account deficit. As a result, the USA has run a medium-to-large balance of payments deficit over this period. A commonly-overlooked byproduct of BoP is that it determines whether or not a currency can be used as an international reserve currency. Despite repeated efforts by the governments of the EU and Japan to get their currencies established as such, they have failed to dent the US dollar's global primacy as the money for international transactions. This is because EU member states and Japan (as well as other major economies) run very large surpluses in their BoP. Japan, in particular, imports extremely little, and retains huge reserves rather than invest all of its net export earnings overseas. As a consequence, overseas holdings of euros or yen are much to small to serve as an alternative to the US dollar.
The Urban Dictionary Mug
Customer Reviews
This mug saved my life from spiraling down a deep dark path.
Great present for my wife, she uses it all the time, and it's her to a T.
I love it. High quality. Just as I had hoped.
This mug looks great! I love it!
I have a crippling addiction to these mugs, i have 459
This mug is wonderful it’s so funny and I gave it to the kid that made the Definition and he started dying laughing
War. War Never Changes. War, war never changes. In the year 1945, my great-great grandfather, serving in the army, wondered when he get to go home to his wife and the son he never see. He got his wish, when the U.S. ended WWII by dropping an atomic cloud on Hiroshima and Nagasaki. The world awaited Armageddon, instead, something miraculous happened. We began to use atomic energy as a nearly limitless source of power. People enjoyed luxury once thought in the realm of science fiction. Domestic robots, fusion powered cars, portable computers. Then, in the 21st century, people awoke from the American dream. Years of consumption led to the shortages of every major resource. The entire world unraveled. Peace became a distant memory. It is now the year 2077, and we stand on the brink of total war, and I am afraid, for myself, for my wife, for my infant son, because if my time in the army taught me one thing; is that war, war never changes.
Excellent satire - didn't see comments to that end, so find it hard to fathom if most readers, in turn, didn't laugh out loud, and say so. But apparently not.
I am gonna buy it and give it to my nine year old brother
Super Funny Mug 😂
best mug ever spittin nothin but fax
i fucking hate your mugs and shirts
awesome product!
This mug made me to from a Level 1 Crook to Level 100 Mafia Boss instantly. I ascended to the heavens above when it came to the door and God himself told me "your a boss now cuh" and i descended feeling very powerful. Next thing I knew everyone loved me. However 4/5 stars because now I have too many fans and one is holding me hostage.... help
The mug is awesome, the yellow color is great but green is also good, the scream mug is the best mug in my entyre live!!! I can't imagine my life without this mug, i cant stop buing it.... I have like 30 mugs every color in this site and also i'm ordered a new one, please help me.
It is amazing I was having a bad day and I read this. My name is Evan and this made me happy
This mug made me horny.
looks perfect!!! we loved it
I ordered 4 of your mugs -- and have received 3; hopefully, the 4th is on its way! So far, I've received "fame," "620," and "$" ... only needing "hulo." ...It might be a matter of me being patient, that the 4th mug is on its way. However, the 3 received SO far are all EXCEPTIONAL, in every way!!! Mark Moilanen
I love this mug with a burning passion in my heart, I have purchased 7 of these mugs and intend to continue. This mug has changed my life for the better