by mummysorry February 28, 2022
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Griselda Blanco (b. February 15, 1943), also known as la Madrina, the Godmother, the Black Widow and the Cocaine Queen of Miami, was a drug lord and pioneer in the Miami-based cocaine drug trade and underworld. Blanco was known for her absolute ruthlessness and sociopathic behavior...She got Pablo Escobar into selling cocaine.
by Dylan Reed February 19, 2009
Get the Griselda Blanco 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.
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.
Since the oil embargo of the 1970's, the US has run a balance of payments deficit because its trade deficit was enormous; prior to the embargo, the US BoP deficit was large because the US exported such an enormous amount of finance capital. As a consequence, the balance of payments deficit has persisted since the end of the Korean War (1953).
by Abu Yahya February 14, 2009
Get the balance of payments mug.Synonymous with the famed over the pants (hand job). Usually causing the penis cuts and scraps And can sometimes result in bleeding. Not very often does the person receiving a blanch job actually ejaculate. Usually given by prude bitches who think they can hold out till marriage.
by Mikey blanch July 28, 2010
Get the blanch job mug."White Castle" translated into french. Used to trick your date into thinking they'll be given the "wine and dine" experience when you're really planning on offering cheap, greasy onion rings. Might work to your advantage if your date has a sense of humor.
I told her I was gonna take her to chateau blanc. The look on her face was priceless as we walked into white castle, overdressed for the occasion, and ordered a crave case.
by shaggyDA November 14, 2011
Get the chateau blanc mug.When to many overweight individuals take the same flight, the flight crew must split the larger individuals evenly on both sides of the aircraft.
Flight attendant 1 - "Why are we flying sideways?"
Flight attendant 2 - "Time to complete an ass balance"
Nate - "How is the ass balance going?"
Ed - "Ass Balance?"
Nate "*Mass"
Flight attendant 2 - "Time to complete an ass balance"
Nate - "How is the ass balance going?"
Ed - "Ass Balance?"
Nate "*Mass"
by Slarge January 13, 2012
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