US Ready to Negro President?

Election On November 4 will take place unlike usually. For the first time, one of president's candidates, Barack Obama, is negro or black skin. Along with US torque of president's election, some voters will be faced with their racial look method personally.VOA asked to several people throughout country's part, about ready to have president of negro, just recently.
Political analyst also gave their view. Professor Larry Sabato from University of Virginia said, colour of Obama skin can not be avoided. Barack Obama nomination broke many matters. However, he not person of first black person who was nomination to White House. In 1972, member the Congress, Shirley Chisholm, including nomination candidate, but was not chosen to become candidate. In 1968, when Chisholm became the black person's first woman who was chosen to People's Representative Council member, US nation wake up to movement of civil right as well as opposing racial separation and discrimination in south. All at source in April 1968, when civil right fighter, Dr Martin Luther King, was killed. Person of angry black person, frustration, and raged in street.
Sixteen years afterwards, Jesse Jackson, campaigned to contest nomination of Democrat in 1984. He get 3.5 million voices in primary election party. In 1988, despite still failed to receive nomination, Jackson get 7 million voices. Barack Obama represented himself as candidate's different noose, said Thomas Mann, researcher's staff Brookings Institution, Washington.
Obama campaign appealing white people's circle, spanich, Asia-America, apart from black person personally. His nomination inspired young never been "seen" since age limit for election was dropped off to 18 years in 1972.
VOA team asked people in other area, various age groups, and level, are ready to choose the president of the black person. Many that responded positive and several said was not convinced.

How with your choice?

Read More..

Choose Good Insurance

Chose a good insurance company is not easy. Moreover in competition among insurance company. Many insurance companies claimed they is the best. you can see at insurance advertisements, almost not there is something missing. Likewise with achievement insurance company, always seen ok. Insurance company never share about weaknesses of company. Any several factors considered to process if you want choose for insurance company especially for life insurance. First , strength of finance (security). Second, service and three about premi fee.
Strength of insurance finance was related capacity of insurance company's finance if situation needed. Important for you know, because not few insurance companies outside luxurious. For example excellent building, management's vehicle was very good. But when came claim from customer, insurance company can not pay.

In considering strength of insurance company finance have several benchmarks must be paid attention to :

- Assets & Liability

You can see from report on balance of finance in newspaper. Saw also, insurance company investment in short tem or longterm. From aspect of liabilitas (capacity settled obligation) will be seen in balance, how his debt in reasuradur, how did i to pay claim, etc. Indicator liability including nett equity (capital personally) was divided premium nett with minimal 50%. Capital apart divided gross premium with minimal 20%. Level limit you can see from capital divided nett premium minimal 10% and investment fund divided minimal reserve 100%.

Underwriting Policy.

In balance and report yearly must still profit or growth. If balance and report yearly growth is a good underwiting policy. If you want to know about capability insurance company, you can see at insurance company underwriter.

- Service

You can see about quality in insurance company service. First-rate service is key. For example, how far speed of good service in publishing include payment or claim. Moreover, service in fact could be felt personally by customer. Insurance company must give best service for customer.

- Premi Fee

Big Premi fee is good service. It's not true. I suggest if you regist to insurance, you must compare with another insurance company. You can look in offered service insurance company, premi fee, and etc.

and you must paid attention for achievement of insurance company in two or for three years. How much about company profit every year, How much about gross premium every year, How much about increase in capital and assets every year. And importance of being how behaviour of management of company uptil now.

Read More..

Don't Loan To IMF

In the crisis financial like at this time many countries tried to survive. There were various methods survive in economic crisis like one of them looked for loan fund to International Monetary Fund (IMF) .
International Monetary Fund (IMF) are international organisation responsible in arranging financial system global and provided loan to IMF member countries to help problems of balance finance respectively country ,and IMF Loan to be given country experienced balance of payments difficulty of could restore again international reserve, maintaining stability of currency, and could finance import that was needed. And also helped countries experienced serious economic difficulty, and repayment, country was obliged to carry out certain policies, for example State Owned Company Privatisation/Privatitation.
Background of IMF started when United Nation sponsored Money Conference and Monetary in Bretton Woods, New Hampshire,United States on July 22, 1944. Article about IMF Agreement was current from December 27 1945, and IMF organisation was formed in May 1946, as part of postwar reconstruction plan of World War II and began financial operation on March 1 1947.

IMF with Bank for Internasional Resolution and the World Bank, often also was acknowledged as Bretton Woods institution. Three institutions determined monetary policy followed by almost all countries market economy. For big country and in middle stage from development of economics, almost did not have success story from program of IMF. Many of IMF patients only recovered now, to afterwards crisis relapsed again so as to become IMF patient (repeated patients). Many examples of case in North America and Africa how IMF medicine only generic medicine level of effectiveness was very low.

Indonesia have bad experience when need help to IMF. Consciously or not realising, efforts invited IMF to push destruction of Indonesian economics to crisis chasm that more in. Economic crisis 1997/1998 are crisis was worst in history of Indonesian economics. Indeed must be acknowledged much of internal weaknesses of Indonesian nation, before and after crisis. As the nation, Indonesia did not have alternative except for must carry out correction and must be harder against himself. But, internal weakness of Indonesian nation changed to misfortune with wrong existence of diagnosis and was wrong medicine from IMF.

Actually already many academic circles in America that did was critical of effectiveness of IMF program, for example Prof Alan Meltzer from Carnegie Mellon University, Prof John B Taylor from Stanford University, Prof Krugman from IMT, Prof Jeffrey Sachs from Columbia University, and former Representative President World Bank & winner Nobel Economi in 2001 Prof Joseph Stiglitz. They criticised about low level of effectiveness IMF program. Failed of IMF program was especially caused by factor as follows:

First, diagnosis and IMF medicine/solution almost same (generic) for all the case all over the world was based on approach simple financial programming. In fact, every country have different problem about structure of economics and complexity.

Second, IMF program approach especially be based increase in burden of debt to support position balance of payments. "Improvement" of balance of payments with increase in debt only fake improvement, unreal, because not results of increase in capital current of private enterprise and increase in export netto. IMF loan only increased gross foreign exchange reserve (gross reserves), but in no way increased foreign exchange reserve netto (net reserves). In other words, Indonesia experienced loss opportunity because continually carried out loan to inflate balance of payments.
In Indonesian case, for example, IMF achievement are increase in burden of Indonesian debt (domestic and foreign) to double for five program years of IMF. That formula equally current with many countries in North America. Not strange if in country, where IMF program succeeded in creating financial stability, stability was temporary because of being supported increase in burden of debt. In Indonesian case, for example, addition of burden of domestic and foreign debt resulting from IMF program increased twice. IMF left time bomb in form of domestic debt obligation increased from zero rupiah became 650 trillion rupiah.
IMF also often forced prerequisite (conditionalities) abundant often was not related directly to efforts to carry out monetary and financial stabilisation. According to Stiglitz, "IMF forced too many prerequisites (conditionalities), some of political and often entered micro-economics territory, apart from mandate excessive prerequisite, IMF program did not have focus and precisely lost priority in handling of crisis.

Third, IMF program included field apart from professional capacity and main competence staff IMF. Competence main of IMF are macroeconomics field and monetary. Staff's of IMF majority was Phd in macroeconomics field and monetary. But, prerequisite and IMF policy recommendation in various letter of intent more often included field outside monetary and macroeconomics, like banking, agriculture, corporate restructuring, industry, etc and is not from professional capacity staff's majority IMF. Whatever, not strange for IMF recommendation in banking field, for example, often precisely was not able to improve health of sector of banking. For example, IMF recommendation to close 16 banks in November 1997, with capasity adequate, precisely created financial destabilisation and destroyed community's belief in national banking as well as pushed bankruptcy of most banks in Indonesia.
In case of banking, IMF that was invited to carry out stabilisation evidently precisely carried out destabilisation in sector of banking. Various wrong diagnosis and wrong IMF medicine pushed Indonesian economics experienced hard landing, mass bankruptcy and happened million unemployee. In 1998, Indonesian economics experienced backward growth 13 %, worst throughout history Indonesian economics.
If Indonesia chose to leave IMF, then Ukraine, Iceland and Hungary precisely immediately will become to be IMF patient. Ukraine,Iceland and Hungary hoped loan from IMF could help them to leave crisis. IMF beforehand said carried out discussions with 5 countries for package of help faced crisis with Hungary, Iceland, Pakistan, Ukraine and Belarusia. IMF officially made an announcement achieved loan agreement US$ 16.5 billion with Ukraine. The package of help like had been received by Indonesia, will be used to help country to maintain level of growth and financial stability. Loan must be still getting agreement from IMF management and Eksekutif Council, as well as agreement from legislation in Ukraine.

"Ukraine developed package with policy comperehensif, was designed to help country to fill balance of payments that was needed resulting from kolaps price of steel, market unrest finansil global and was connected with financial Ukrainian system difficulty," said Managing Director IMF, Dominique Strauss-Kahn.
IMF also announced achieved agreement with Iceland for package of help with a value of US$ 2.1 billion. IMF mission and Iceland government today achieve agreement for agreement program referendum loan of economics SDR 1.4 billion or around US$ 1.2 billion," statement from IMF. Package of same help must get agreement from Council of Eksekutif IMF in November. Iceland furthermore immediately could attract SDR 560 million or around US$ 833 million after agreementof deal.
Now as being quoted from AFP, Strauss-Kahn announced IMF achieved to help agreement for Hungary, immediately will be announced in several last days. It was not yet known how many

I'am very frightened if fund loan like Ukraine, Iceland and Hungary experienced similar fate as Indonesia experienced destruction when loan fund to IMF. IMF will try to carry out intervention in policy of economics of country. I only hoped this estimate was wrong. How according to you about the IMF?

Read More..

Why I Choose Obama??

My name urip widodo from Indonesia. I want to said congratuliation for USA people to enjoy it the party of democracy in election on November 4 2008. Emotionally I hoped USA people will choose Obama in election later, because Obama had lived in Indonesia and study elementary school in Indonesia. Not that, in a capability manner Obama also had capacity to lead USA experienced financial crisis at this time. Moreover the person who was admired by me, Colin Powell also more supportive Obama for became to be USA president although he had entered government's cabinet of George W Bush's president.
Colin Powell criticised contents of campaign from Jhon McCain often carried out negative campaign pointed at Obama as Muslim. In fact, Obama is Christian religious and although Obama a Muslim preferably USA people appreciated freedom of religion and who had right to become USA presidential candidate. Fresh in our memory, Colin Powell had suggested George W Bush's president attracted his troops in gulf war 1. However Colin Powell did not have power to face desire from President George w Bush.At session Security Council United Nation ,Colin Powell in had to write fiction about Saddam Hussein's weapons of mass destruction. Collin was very angry, then rip up and pelted presentation paper while abused to "team of liar". From the start of Colin Powell was sure about weapons of mass destruction had not been available. Weapons of mass destruction of only of George W Bush's opinion and "team of liar" tersebut.Firm attitude that made him escape from cabinet of President George W Bush.
When announcing support for Obama, Colin Powell admitted to needing time for months to make decision. However after witnessing debate between Obama vs McCain, he decided to support Obama. This decision became extraordinary news really was waiting for decision of Colin Powell really was honored by USA people. Announcing support for Obama it was said at time in NBC "Meet The Press" on October 19 2008. Before said support for Obama,Colin Powell warned that he be friends with McCain for 25 years and just knew Obama in 2 years.
Why did Colin Powell support Obama? Obama showed ready for fighting,smart and can handling problem for resolution said Powell.In this year of Obama became casualties "smear and fear" from Republic. However obama did not want to victim to manipulate position in order to be pitied by USA people. Moreover, mistake was also carried out from Republic in choosing Vice President's candidate. Sarah Palin was chosen Republic to accompany McCain, and election of Sarah Palin was a big mistake was carried out Republic's side. Sarah Palin did not have a capacity to lead USA people and really was seen very much ignorance that in said by Sarah palin. USA people did not deserve in led with stupid person like Sarah Palin that often used power to fill his desire.
I hope USA people did the best matter in carrying out at president's election this time. Don't had gazed at someone with the colour skin,religion, and ethnic. The American nation that was known to be modern must choose their leader was based on his presidential candidate's capacity, presidential candidate must could bring went out america from financial of crisis. Do to the best.

Read More..

My House is Aset or Liablity

Plenty of people wrong in distinguished between assets and liability. They considered house bought to be assets, and vehicle bought to be liability. House that was bought by you could become an asset and could also could become liability, also about vehicle that was bought by you. Understanding of assets are something produced and entered your cash flow. Although results very little, so continue to assets. Whereas liability are something always undermined your cash flow and never results entered your pocket. "How about with my house?" Sometime for future price will increase, that an asset?. "How did you think if buying vehicle could become an asset? Won't price of second-hand vehicle immediately fall if compared when I bought new vehicle?" . And many others question connected with assets and liability. Let's discussed about that two questions.


"How about with my house?" Sometime for future price will increase, that an asset?

When you bought a house then several years of selling price always will increase. With even more of them inhabitants's birth rate, then increasingly area reduction for residence. So that will make price of house and land will increase. But not always in buying house was an asset. When you bought a house, you must spend for cost for electricity bill, telephone bill, water bill, tax bill etc. Did these issuings be not some liabailitas? It is another matter when you bought a piece of land and then built him to several houses or boarding house and then you can rent that house or boarding house. Each month will have cash flow that entered your pocket and you might not spend cost like for electricity bill, water bill, and telephone bill. Every month always will come the cash flow that took the form of money for rent.

"How did you think if buying vehicle could become an asset? Won't price of second-hand vehicle immediately fall if compared when I bought new vehicle?"

Its true, price of second-hand vehicle and price of vehicle just he thought not be the same and might be said price of second-hand car descended almost 40% if compared with new car that was bought by you then 2 years afterwards you sold. Bought a vehicle could become something liability and could become aset. Why i have opinion like that? Like this, you have a small business and must send order with distance around 20 km or 40 km from your place. When you leased transport implement could you imagined when you must send order with minimal frequency 30 times in a month and how many fees that will be money spent by you?

All that was had by us could become assets and liability, depended how used. Now you must judge all that you will buy. You must judge him whether something that you will become an asset or will become liability. You must think about your child's future and all was on your hands. God will not change your fate if you did not change.

Read More..

Financial Tsunami

Financial tsunami. Was like this Financial market circle depicted falling off drama of several giants and foremost Wall Street financial agency of investment bank in several last days. Like bad dream. In a short time, condition for financial US market as being turned upside down and cleared completely. Lehman Brothers, that was the security's fourth company biggest in USA and one of eldest in Wall Street, must claim bankrupt. Merrill Lynch must give itself willingly was acquired by company that became his rival uptil now, Bank of America.
US government was also forced to backup and Federal Reserve must become lender of resort ( last liquidity guarantor of banking) several giants, securitas agency or insurance company of investment bank, and the credit guarantor who fell one by one, from Bear Stearns, Fannie Mae and Freddie Mac, IndyMac, and American International Group (AIG), for reasons of systemic risk. UBS, savings bank, and biggest credit bank Washington Mutual also on horns of a dilemma. Till now was not yet found investor backup of capital.
Two investment banks that still were remaining, Morgan Stanley and Goldman Sachs, possibility will also be forced merger with other bank in order to avoids similar fate. US goverment must swallow saliva personally. US country of economic superpower beforehand refused to entry of investment property of the foreign government (sovereign wealth fund/SFW) to financial agency and other strategic sector in country—because pressure of the nationalism sentiment inside— currently must beg to foreign banks to acquire or become to national partner of banks merger because of liquidity crisis.
Fall of big Wall Street—series from credit crisis stalled housing since July 2007— triggered concernoccurrence of domino effect guided to bankruptcy spiral of all financial system global. In England, as far as this is concerned two English banks kolaps, HBOS and Halifax Bank. Fall of foundation of Wall Street finance also had an impact very destructive in US economy, the financial market, and the global economy.
Stock Exchange experienced biggest fall since incident of terrorist's attack to World Trade Center, on September 11 2001. Achievement for last 10 years then vanished with index of Standard & Poor’s descended under level in 1998. Till yesterday, share from various sectors in an accross manner board continued to fall, was followed the index in stock exchanges all over the world.
Analyst's warned, crisis entered period that was increasingly dangerous with almost paralysed promissory note market because of investor in various corners of world panicked fought moved money to safer instrument, like T-bills and gold.
Liquidity crisis, that was combined with crisis of confidence also made the interest of loan for sector of corporation soar, made difficulty business world finance their everyday operation activity. Interest of short-term loan (overnight) could jump as far as 8.5 percent, on Thursday, before descending back to 2 percent pascaintervensi developed countries central banks.
Situation in Wall Street from hour to hour and day after daywas very fast with effect ramifikasi was wide all through corner of the world made was not a single dared to forecast what will happen in future. Several analysts, including former Chief Fed Alan Greenspan predicted will have again financial company big other in Wall Street would kolaps.

Bankrupt

The Fed and US government has taken several steps to restore market belief. Apart from facilitating takeover of financial agency kolaps with other company, Fed also widened collateral kind for Fed loan. With this facilities, was enabled by financial agency guaranteed share to get funding facilities of Fed emergency loan.
US government will also increase valuable letters government in periodic auction carried out by government. With pressure, Fed also succeeded in forcing 10 banks to be biggest merger for assembled fund with a value of 70 billion US dollar as source of liquidity emergency be used financial agency short-term liquidity difficulty. Securitas commission and Share also dismissed rule banned practice of transaction short selling.
However, as far concerned all these efforts failed to make market convincing. Fall price of share was just kept after circle developed countries central bank carried out intervention pumping liquidity with a value of 180 billion US dollar to global money market in an effort to alleviate liquidity crisis dealt with Wall Street. However, analysts believed in his effect only will be temporary.
Falling off of Wall Street institution shows fragility of foundation US capitalism system with Wall Street as leader. Crisis was resulting from combination hazard spirit extraordinary in Wall Street financial industry and attitude closed eyes in authority financial market, FED, but also US government uptil engrosseded in flirting with big boy in Wall Street.

Read More..

USA Capitalism Was Died?

Before People's Representative Council the United States agreed to Bail Out 700 billion US dollar to be ratified to regulations by George Bush's government, the refusal of package rescue economics precisely came from member People's Representative Council the USA that came from Republic. For a reason is, in understanding and practice of capitalism, resolution of each economic crisis and finance was carried out through mechanism of market. Country and the government USA did not need interference but trangely, American President George W Bush who's from Republic wanted the financial crisis in USA immediately to be overcome and for that needed intervention from government through sacrifice of all USA people as the taxpayer.In fact, what happen was played by political elite in USA?. What is this part of the effort to wash hands from President George W Bush to close his failure in carrying out US economics?
In other side, George Bush fast and clever at deciding to attack Iraq with pretext to crush terrorist's Al-Qaeda group. But on other side, he also appeared to not care about budget of USA of increased, in part aggression to Iraq. Natural if afterwards condition for country finance of USA experienced dual deficit, namely the budget deficit and trade.
On the end of term of office,President Bush intentionally wanted to hand over burden of USA financial crisis to Barack Obama from the Democratic, that at this time apparently has "won" competition" with despite John McCain despite General Election in USA just was done to coming November 4.
Felt McCain from Republic was not strong enough to compete with Obama, really might be George Bush co-operated with interest group resided in financial USA market to inflate prices of share in Wall Street Stock Exchange and price of commodity in Stock Exchange.
Before financial agencies in USA fell out, price of world oil rise with extraordinary apart from appropriateness limit. Moreover had touched at 140 US dollar per barrel. Likewise with price of shares of sector energy and mine rise like rocket.
Various circles beforehand has suspected that price increase in stock exchange measured and Wall Street resulting from conduct hedge fund. In fact, not long for time afterwards resulting from conduct hedge fund and was inflated him economy in America, several financial agencies in America fell.
Seem like very by chance, financial crisis in USA precisely happened before Election in USA will spread out on November 4 2008. Therefore, George W Bush was rather rescued because he might not account for this failure in carrying out USA economics, because in a moment he would out through mechanism of succession that indeed has been scheduled beforehand.
At this time remained depending to USA people in forthcoming election. If USA people chose badly in forthcoming election, then destruction would increasingly in. I'm from Indonesia only hoped USA people did matter make best decision in election

Read More..

Really trillions Dollar Vanished on Market?

Fall of share market in several last weeks raised of question, where in fact ran a money? That was true was none penny then fund left share marke. Fall of share market that has been begun since September spread all through of the world. Beginning with Asia, Europe, America, even Middle East all of them experienced dramatic fall. On average, share market all over of the world experienced decline as far as 30-50 percent compared with 2007. Fall began with subprime crisis mortgage in USA, that triggered sluggish liquidity so as to make financial sector falling.
However according to John Sloman, Professor of economics from University of Bristol, Market in fact only experienced 'paper' loss and was not directly in contact with loss of cash fund. And this be connected with fall thought from 'paper' personally. "When we said trillions dollar was lost, then in fact this was wrong words," explained Sloman in his interview with the AFP. "That ought to be said by us was: trillions dollar value of money market has been destroyed." And this really different because this not money, but the value, actual was the basis from the price that the person wanted to pay him in a time, he explained.
Robert Shiller, the professor of economics from Yale University then explained him by comparing fall of price of the house. "For example one day you asked with property agency to estimate your value of house if being sold." However on following day, you asked second property agency to estimate your value, and the second agency of house made the lower estimation 10 percent, explained Shiller. "That meaning that you lost money?" Of course not, because money that was owned by you did not change likewise money in your account, he added again."However you will feel poorer." And this was the same his matter with in share market. There was no person who lost 'money' in a real sense in a manner term, but they have lost value, added Professor Shiller. Nevertheless, speculators's investor really could lose his money if try speculated in very volatil of share market.
A broker usually buys share with bad achievement because they speculated that price of share was achieved lowered point, in hope that they sell him again after price up. However sometimes evidently price of share precisely slid descended more far. "If you needed to sell these assets and your value of assets has descended, then you could lose money from price that you paid for these assets," explained Sloman.
"You must distinguish assets, like the share or house from cash." Cash could vanish, but value of assets like 'paper' (share) and physical (house) could descend because they depended on request and bargaining. However that did not mean to have money that was lost, explained the professor Sloman.

How about you opinion?

Read More..

You Interesting For Gold Investment?

Gold became one of places safest investment for a moment. Any that must be paid attention to in this investment? How also we invested gold?

1. Price of gold was rising, and I want intended gold investment. Must be paid attention to in gold investment?
2. When want to sell Gold (when price was high), many jewellers shops did not want bought from us on basis of them had not bought and sold (was keeping the thing). What method/ strategy for this?
3. Apart from a jewellers shop, any place that approximately could I'm go for purchase of gold investment? How can i control or monitoring movement of the price of gold eventually?
4. Situation at this time (existence of crisis in USA), was logical enough when keeping USD and how strategy when later of President election ?

Investment in the form of Gold is of one interesting investment kind. Increase in price could be bigger compared with rise in level of inflation. Although lately increase in price of gold rather seldom was corrected resulting from the fall of the price of oil. Several matters that must be paid attention to for gold investment:

1. Gold was current Currency Universal, or could be acknowledged as World Currency. So gold could be utilised as barter implement or payment implement that was current all over the world.
2. Gold Investment in the form of gold bar, the coin, medal and special form. Don't by gold form of Jewellery because of having production cost +/- 20% so as if want to sell will have discount +/- 20%.
3. Needed place of storage that was not easy, must consider security factor and appropriate measurement.
4. Was not easy to be brought or moved if being needed for something in another place, or in the situation emergency needed gold for payment implement or barter.
5. Buy gold with level of high rust or was acknowledged as pure gold by being accompanied certificate that showed authenticity, heavy and level of gold.
6. Find big jewellers shop if want to sell gold. If gold in the form of jewellery and without certificate then indeed will be affected by discount or was cut off production cost and cost without certificate. And you too could cash in gold in Pawnshop to be pawned now with charge interest loan that was not too big.
7. Gold bar was available in difficult measurement that varied from beginning to be smallest 1 gram to 1 kilogram. Price of gold can you monitored in website www.kitco.com

Invested in USD currency quite interesting and had made just like many Indonesian that at the time of peak of Economi Crisis in year 1997-1998. This matter in fact happened because of Indonesian currency personally that was fragile and fundamental Indonesian economics was also not strong. This factor resulted in the exchange rate Rupiah fell weakened compared with USD exchange rate.

Read More..

Credit Card Trapped?

Will you used credit card to pay something? I was convinced most people answered yes or often. What your reason for pay bill use with credit card or using credit card to shop? Possibly plenty of answers and possibly one of them is not have money cash when shopping. When use credit card could pay the bill and paid something without must spend money cash and bank's contented side will help paid for you.

Credit card have good side and bad side. On one side, we will be helped in problem paid something when we did not have money cash and did not put interest when we paid him before being due. Moreover, credit card also provided offer interesting like taking of cash at ATM Machine on the world. Credit Card useful when we needed emergency loan really was needed. Bank's side will also offer bargaining loan cash when we have track record installment. But in other side, credit card also have bad side. Credit card could make us to loss control in shopping and having interest.
Maybe we at this time had problem of credit card resulted in height of the bill and was increased by financial crisis like at this time.

"I had Credit card bill was very much of and impossible to settle him." How did I solve this problem??"
All the problems had his solution. But all depended how we to have commitment in facing problem.

"Can you give for example?"
Cut your Credit Card

"Why?"
I suggested to cut your credit card for to stop your habit used credit card. Credit card was source of your problem and when you did not eliminate source of his problem before, then the problem will always be and always occurred again. If you cut credit card, you will learn to change habit used credit card.

"Anything Else?"
I suggested for further is you must tried to pay bill every month to settle bill. Suggested from me, you paid in exceeded nominal of minimal payment limit with aim of all of your debts immediately will be settled. Why I suggested to pay in exceeded nominal of minimal payment limit?? Because your debt will to bank's side continue to be fruitful each appropriate month of rest of your debt. It was increasingly small that the rest of your debt, then increasingly small also about interest.

"I could not to pay nominal minimal payment limit. How this solution? "
You could contact your credit card bank and informed your financial condition. Bank's certain side immediately responded and helped you. Possibly Bank's side will give solution that was best for you. Don't be frightened, you would not in demanded bank's side. Bank's side will honour your decision compared with you did not have goodwill for completely good for settled your debt.

Use your money as well as possible and did not have used credit card. For that has been trapped with credit card, I suggested cut with scissors your credit card beginning with now.

Read More..

Lets Discuss About Your Finance Problem

Financial crisis in USA has in the prediction 5 years ago by several experts economic. However i'm not think will blow to financial all over the world. Crisis financial had an impact to employee reduction and panic situation in the stock exchange. Possibly you one of the so many millions of people in the world that really suffered resulting from economic crisis. Plenty of mistakes that were carried out by people as a result of investing and could not pay instalment arrears properties that was invested by them in hope of could become an investment and finally became the boomerang.
When you one casualties of employee reduction or his cruel casualties financial crisis, did not continue to mourn fate. Don't continued to be sad because that will not resolve problem. wake up..!!! Still many matters could be do by you than you did not do anything. Remembered, was overturned by all these difficulties was gotten by a very big opportunity. You must do something for your family's future. You want to in ridiculed by your child because have parents that really the coward?? Did you know about your child was embarrassed to have a parents that the coward in facing this world?
At this time was the time for Information era and the period for industrial era ended. Whoever could get information was faster will be luckier in compared person that did not know about an information. In the industrial era, whoever could work in company/factory could enjoy financial comfort than of person who worked in the agricultural field. However that is ended, at this time was the dotcom era. Plenty of millionaires who came from dotcom generation. Mark Zuckerberg the founder www.facebook.com was one example of however many millionaires from generation dotcom. They got comfort financial after make use of well information era.
Possibly you thought, not everyone could do like Mark Zuckerberg. That is true!!! In wrote blog this I only wanted to ask you to open your mind and not looked for solution. Every individual had different solution. We here to discuss your children's future. Be Your Self. Every individual had potential. Let's to discuss your potential so as well-off in managed well.
I possibly same like you and I was employee reduction casualties during 2004. Beforehand I worked in Procter & Gamble Indonesia and during 2004 Procter & Gamble Indonesia closed Plant Operation in Indonesia that was caused by Procter & Gamble management did not like existence of Union of Employee that in form by the employee's side. And I got separation pay that really was not enough to finance the life after employee reduction. I also still study in university and bearing my wife and my child. I'm stay strong and did not whine faced to life. Plenty of my friends who till at this time continued to mourn his fate without do something. Did you want your family to be neglected because your mistake did not do something??
Still many opportunities of continuing to life. Your child's future in your hands. "I felt has been old to begin something new?". The question like that only the question from the stupid person who has surrendered before doing something. You knew struggle for colonel sander owner license Kentucky Fried Chicken? Before colonel Sanders got comfort financial like at this time, he offered his fried chicken recipe in thousands of bargaining times to investor. Why could the colonel Sanders carry him out whereas we were frightened of carrying him out?? He was a humankind like me and you. You only needed an innovation and hard work. You must not make fried chicken recipe like colonel Sanders in order to receive comfort financial. Open your mind.
Possibly you could sell product in www.ebay.com, bought the product from other country and sold to your country and you could look for several item in www.alibaba.com or you could invest in forex by very minimal capital. "OK, I wanted to seek a living in world of forex but I did not know must begin from where?" . Much website offer free provided forex tutorial, expert advisor, free signal and free indicator like www.kotakasu.com. Plenty of information that was needed by you to study something and all was obtained free in internet. I hoped website this could be made forum to discuss financial your family. This Website only aimed at opening your mind about investment, finance and possibly all your problems . Don't shy for share your problem.

Read More..