Financial Issues

I believe that today a large majority of people continues to believe that money is the curse of our century. There are millions of people trying to reconcile her material side with the spiritual, without achieving anything more than financial problems and mental stress and dissatisfaction of not having money and anyway have what need it. People think that what is wrong is the material world and the only thing that matters is the spiritual side, the material detachment comes not having anything and that all would have to live in poor or mediocre situations. Many people think that wealth is exclusive and that they have the closed doors of access and which possesses wealth only uses it for personal and selfish purposes. Also thought that to help and enrich a poor ignorant person, one should stay just as poor and ignorant or if anything mentally better than that person because to try one better personal situation both as others, is greed and wanting to fly too far. But what’s wrong with wanting to fly very high? What is wrong in? do dream away? You thinking of taking you a lot of money you could do that others acquire that same also? Have you ever thought that having a lot of money could help in thousand ways life on Earth? At this moment in which the world is about to receive the consequences of economies and selfish interests and have saved invaluable secrets only for privileged groups, is time that everyone have right to dream high and try to fix the disastrous consequences of our destiny.

Global poverty is accompanied by a deterioration of the very severe ecosystem. A deterioration that could affect both rich and poor in the same way. Nature is opening knowledge to anyone who managed to open its human and cosmic capabilities because we need a push so that nature itself is not collapses.

Robert Reich

Party that had as prominent guests, to major international financial institutions. A party where the Security responsible for maintaining the order and avoid excesses (that is, the supervisory bodies), turned a blind eye. While much of the direct losses from the crisis are internalized by the global financial system, still subtraction know what might happen with other types of debt that was engine of American consumption in recent years, and how anticipated them in the story of Tim and Linda, is linked to credit cards. The global debt for financing through U.S. credit cards.UU., is estimated at around one billion dollars. According to the latest data released by the rating agency Moody s realize that the rate of default on payment cards grew by 30% in the past 12 months.

To give an idea of the level of indebtedness of American families in this segment, according to the Fed data, the average debt per capita is US $10,000. I cannot imagine what might happen to the U.S. economy if the credit card market to explode. Already by Yes, assuming that not reaching occur a worsening crisis through an increase in the arrears in payment of credit cards, the prospects of the U.S. economy for the coming months remain dark. The financial system has no capacity to attend the real economy already that the losses that they had to assume the financial entities have descapitalizado them and fresh money that managed to raise did not cover losses in its entirety, so they don’t have much power to generate new financing. The situation in the American credit card market not far from the reflected by the market subprime novels. Robert Reich, former Secretary of work and current Professor at the University of Berkeley reflects very clearly on his page what is happening: for years, the banks and credit card companies have sent us more attractive offerings.