IMF to issue bonds: will this accelerate the dollar's demise?
"IMF Board Authorizes Debut Bond Issuance to Fund Aid (Update1) " http://www.bloomberg.com/apps/news?pid=20601087&sid=ankFTAhAUk68 to quote By Timothy R. Homan July 1 (Bloomberg) -- The International Monetary Fund’s board of directors approved the issuance of bonds to the lender’s 186 members for the first time as it seeks additional sources of money to lend during the global recession. The board made the move in a vote today and did not place a limit on the note sales, Andrew Tweedie, the Washington-based IMF’s finance chief, said on a conference call with reporters. The bonds are part of a wider effort to seek $500 billion in new funding as the lender helps countries from Iceland to Pakistan combat the global financial crisis. The securities, the culmination of months of talks between the fund and its members, will offer the largest emerging-market nations a new way of making IMF contributions while they seek greater say at the fund. China, Brazil and Russia have favored the bonds instead of regular contributions as they wrangle with other members over redistributing the IMF’s voting power. “We expect other countries will follow suit, perhaps other emerging markets,†John Lipsky, first deputy managing director at the fund, said in a Bloomberg Television interview today. “Also, some developed and advanced economies may find this an attractive way to participate in international support for the IMF’s efforts.†Buying Plans An IMF official, speaking on condition they not be named, said the board initially considered limiting the bond sales to $150 billion, based on the level of interest from member states. Board members decided against such a cap because IMF needs will evolve over time, the official said. China’s government has said it will buy $50 billion in notes. Russia and Brazil last month said they would each buy $10 billion of bonds from the IMF. India has also indicated it would contribute to an IMF bond program. The four nations make up the so-called BRICs. “This is a victory for the BRICs, particularly China,†said Claudio Loser, the former director of the IMF’s Western Hemisphere department. “Because they will be investing in the fund they will have, directly or indirectly, some say in the governance of the fund that goes beyond their quota.†The IMF’s “quota†system allocates voting rights to member states based on their financial contributions. The note sales probably would not reach the $500 billion in new funding that the lender is seeking, Lipsky said. Drawing Rights The notes will be denominated in Special Drawing Rights, or SDRs, which represent a basket of currencies consisting of the U.S. dollar, the euro, the yen and the British pound. Note sales denominated in SDRs would be paid interest on a quarterly basis, the IMF said. Chinese officials have sought a greater role over time for SDRs in an effort to reduce the U.S. dollar’s dominance in the global economy. The current official rate for SDRs is 0.37 percent, set using a weighted average of three-month rates in the component currencies. That compares with the 0.195 percent rate for three- month U.S. Treasury bills. One dollar is currently equivalent to about 0.65 SDR. The IMF makes money on its loans by charging countries more than the SDR interest rate. The fund’s board agreed June 22 to keep its lending rate unchanged at 1 percentage point above this year’s SDR interest rate. (end quote, click the link to read the whole article) Did you notice that they decided to NOT place a limit on the note sales?
Government - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
It could contribute to the dollar's demise, but I have a feeling our own gov't is doing more to ensure that than the IMF is. The part that really got me was this: 'The IMF’s “quota†system allocates voting rights to member states based on their financial contributions.' So in other words, the more you put into the fund, the more your vote is worth, as far as the IMF goes. It's corruption at the very highest level; and we thought our gov't was screwin' us. Well, it is, but this is worse. What happens to the nations that can't contribute to the 'fund'? Will they be lied about and other countries convinced they are terrorist states? The IMF/World Bank is evil. They do more to put and keep dictators in charge of severly impoverished countries and when those countries default on loans, (the dictators know this at signing) that when they default, all tax revenue, natural resources and industry becomes the property of the IMF. It's evil, there's no other word for it.
2 :
Why is it that every bit of news I see, or hear feels like the end of a Monopoly game where the winner starts taking everything you have with every roll of the dice? The only differences are that this is real life, and I'm watching my country fall to the elite world bankers, and my rights disappear one by one. To have a sucessful globalization/New World Order/one world government I believe it requires that the currencies throughout the world are leveled, and all currency becomes one, or equal value. Basket of currencies?! Hmm...This looks top be exactly what they are doing. In the big picture of global economies I'm thinking Mexico is about middle ground. We have soo much to look forward to don't we? When the American dollar crashes, and our economy becomes like Mexico's I wonder if I can cross the border into Canada and get free welfare, and healthcare like Mexicans do with us? I've believed for years that the IMF, and Federal Reserve have a New World Order agenda, but seeing them set up the whole main structure in just a few months is astonishing, and mind blowing. I never would have thought America would fall soo quietly.
3 :
I believe it will, yes. It is a new currency. The reason they can fix their voting rights based on each members investment is that it is the elite PRIVATE Banking industry. It is its own entity of private corporations and individuals.
Tuesday, August 28, 2012
Tuesday, August 14, 2012
Games on internet can be dangerous for your family.?
Games on internet can be dangerous for your family.?
One of the most sought out sports on the internet is billiards or other active sports. I have played real billiards for 46 years and have been overseas playing, even at Reyes training center in Makita, Philippines. I got whooped, but was not myself.. my step-son and friend was in the hospital for brain injury by scooter accident. I had told him always to wear helmet. He did not that day as he went to an Uncle's birthday party and had too much. Now back in American I found several sites to play online. I am too far for real and love real stick. I found that honesty involves what Country the game comes from! We may think that is a money thing and that would be logical. One site in Brazil is so crooked they have to use site internet to keep you from winning on the free part! It appears that those that are citizens of Brazil... maybe part of the government, can give some sign and you loose the internet.. although the site does not tell you this has happened! They just do not play! This occurred 10x more if the opponent is a lady? It has chat so one can chat with the opponent. Great.. but you will loose 1 of 3 games by internet site problems or special privilege for Brazilian or paying players. I have not played the money side because I cannot have honest play on the free side. Now, think about your child.. billiards is a great game and is fun. But what if they join to make money? They see the site is not honest if they can play well, and yet that is not an objection for money play. I have confronted players on the site. Yes, I can be very good in real.. many times on that site.. But others can stop the game and you loose.. and it is their turn! Watch what you children do online! It is all for money.. on most sites.. especially game sites!
Other - Internet - 4 Answers
Random Answers, Critics, Comments, Opinions :
1 :
I know, right!! Answer mine, please? ^.^ http://answers.yahoo.com/question/index?qid=20101205125038AA7JFYI
2 :
The bigger question is why kids would be playing with real money to begin with. Furthermore, playing for real money is illegal in many US states.
3 :
I think playing for real money rewards constitutes gambling, and would be illegal in most areas of the country. In other words -- don't do it. It's illegal so of course it's going to be shady.
4 :
Pogo.com is the safest place to play, that's what I've come to find out.
One of the most sought out sports on the internet is billiards or other active sports. I have played real billiards for 46 years and have been overseas playing, even at Reyes training center in Makita, Philippines. I got whooped, but was not myself.. my step-son and friend was in the hospital for brain injury by scooter accident. I had told him always to wear helmet. He did not that day as he went to an Uncle's birthday party and had too much. Now back in American I found several sites to play online. I am too far for real and love real stick. I found that honesty involves what Country the game comes from! We may think that is a money thing and that would be logical. One site in Brazil is so crooked they have to use site internet to keep you from winning on the free part! It appears that those that are citizens of Brazil... maybe part of the government, can give some sign and you loose the internet.. although the site does not tell you this has happened! They just do not play! This occurred 10x more if the opponent is a lady? It has chat so one can chat with the opponent. Great.. but you will loose 1 of 3 games by internet site problems or special privilege for Brazilian or paying players. I have not played the money side because I cannot have honest play on the free side. Now, think about your child.. billiards is a great game and is fun. But what if they join to make money? They see the site is not honest if they can play well, and yet that is not an objection for money play. I have confronted players on the site. Yes, I can be very good in real.. many times on that site.. But others can stop the game and you loose.. and it is their turn! Watch what you children do online! It is all for money.. on most sites.. especially game sites!
Other - Internet - 4 Answers
Random Answers, Critics, Comments, Opinions :
1 :
I know, right!! Answer mine, please? ^.^ http://answers.yahoo.com/question/index?qid=20101205125038AA7JFYI
2 :
The bigger question is why kids would be playing with real money to begin with. Furthermore, playing for real money is illegal in many US states.
3 :
I think playing for real money rewards constitutes gambling, and would be illegal in most areas of the country. In other words -- don't do it. It's illegal so of course it's going to be shady.
4 :
Pogo.com is the safest place to play, that's what I've come to find out.
Tuesday, August 7, 2012
What's the best Debit Card to use outside of the country?
What's the best Debit Card to use outside of the country?
I have bank of America....going to brazil, they told me it's $5.00 every time I withdraw money.....and 3% charge everytime I make a purchase not in the US
Personal Finance - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Foreign transaction fees are a monster. Especiallly on debit cards. If you are traveling you really need a credit card. Capital One offers one without ANY foreign transactions fees. Just call them up and ask for it. Even with a bank of america credit card, the fees will be lower than one of their debit cards...
2 :
hmm its visa. but just get money exchanged here in the US before you go to brazil. It would be much cheaper without withdrawal fees. :) but visa is best..ive used it when i traveled to Mexico, argentina, costa rica, and moscow. its great.
I have bank of America....going to brazil, they told me it's $5.00 every time I withdraw money.....and 3% charge everytime I make a purchase not in the US
Personal Finance - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Foreign transaction fees are a monster. Especiallly on debit cards. If you are traveling you really need a credit card. Capital One offers one without ANY foreign transactions fees. Just call them up and ask for it. Even with a bank of america credit card, the fees will be lower than one of their debit cards...
2 :
hmm its visa. but just get money exchanged here in the US before you go to brazil. It would be much cheaper without withdrawal fees. :) but visa is best..ive used it when i traveled to Mexico, argentina, costa rica, and moscow. its great.
Wednesday, August 1, 2012
Husband went abroad to find work... can I expect him to come back?
Husband went abroad to find work... can I expect him to come back?
I am Brazilian, he's American. We met up in Florida and married up there 5 yrs ago (no kids). We lived up there for 5 yrs and in Aug. this yr we moved down to Brazil, which he had agreed to. Now he just went back up there to work (over the road truck driver) last Thursday, and he keeps saying he will come back, but each time we talk he says different dates. He didn't want to find work here or even give it a try learning the language. He said he went up there to make money to support me. But he has always been flirty with other girls even when we were living up there, he had online profiles on dating sites, he was addicted to pornography, and our relationship was most of the time difficult. I don't want to go back living up there because he said I won't have to work, I will stay home. Does it seem like he wants to keep me at home to do his crazy stuff? Do you think I can believe him when he says he will be back in 4 months? Well.. I love him very much, but I never could trust him, because when I did, he disappointed me and did one more wrong. He always lied to me. I've always been truthful to him. Yes, it's true, we never talked things over. I tried to sit and reason with him "what's best for us as a couple?", trying to consider both our needs and wants. He wouldn't talk, he would turn the TV on or walk away, or play computer games to ignore me. He always wanted to get jobs that would keep him away somehow. Before becoming a truck driver, he wanted to be a flight attendant, or work in a cruise ship. It's never been something to stay close to home, or include me in his life. I guess I'm trying to make him love me. But love is not selfish, right? I've put many things in my life in second just to make him happy and our marriage intact. I've never been unfaithful, never spent his money. His ex wife had left him and he accepted her back after she cheated on him. I guess he likes the bad girls.
Marriage & Divorce - 9 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Maybe you can believe him maybe you can't. Have a backup plan.
2 :
Surely he will be back with bad news. To leave you..
3 :
Do you want to live the rest of your life in Brazil? If yes, it seems like your husband won't return and you're better off getting divorced and finding a guy who's already in Brazil and wants to stay there. If you and your husband don't agree on this main issue, then there's nothing to hold onto. Let him go.
4 :
im sorry but hes gone , if you do not mind him being a woman niser he will be back
5 :
It sounds like you don't trust your husband, and you were having issues before you married. It also sounds like both of you didn't really discuss what expectations you had concerning work, residence and long term goals. With the challenges you were having before, you should have gone to premarital counseling or not gotten married. You don't mention anything positive about your marriage or that you love him. Do you think you can believe him? I think you already know the answer. You should see an attorney about legally ending your marriage both in Brazil and in the States. I don't believe you want to be in this situation, there's no real reason for you to stay.
6 :
I think that if he truly loved you and wanted to be with you he wouldn't be doing this to you. You deserve to be treated like a princess. Ditch the loser and find yourself a true prince.
7 :
and you want him back because......? This is one dude you should be saying "Hit the road, Jack".
8 :
you love him, but dont trust him......doesnt make sense. he's a truck driver.....my brother -in-law is a truck driver and does the same to my sister. she handles the bills and their 3 kids while he's on the road. he cheats on her constantly and she knows it. it's not a healthy relationship. all the hookers, bars, etc. i'd say wait it out. if he's not home in next 4 mnths--seems like a long time to me--file for divorce. usually my brother in law is only gone for a couple weeks at a time. good luck
9 :
I suggest that you read the book "out of the shadows: understanding sexual addiction" by Dr. Carnes. You need to get help from a professional counselor asap.
I am Brazilian, he's American. We met up in Florida and married up there 5 yrs ago (no kids). We lived up there for 5 yrs and in Aug. this yr we moved down to Brazil, which he had agreed to. Now he just went back up there to work (over the road truck driver) last Thursday, and he keeps saying he will come back, but each time we talk he says different dates. He didn't want to find work here or even give it a try learning the language. He said he went up there to make money to support me. But he has always been flirty with other girls even when we were living up there, he had online profiles on dating sites, he was addicted to pornography, and our relationship was most of the time difficult. I don't want to go back living up there because he said I won't have to work, I will stay home. Does it seem like he wants to keep me at home to do his crazy stuff? Do you think I can believe him when he says he will be back in 4 months? Well.. I love him very much, but I never could trust him, because when I did, he disappointed me and did one more wrong. He always lied to me. I've always been truthful to him. Yes, it's true, we never talked things over. I tried to sit and reason with him "what's best for us as a couple?", trying to consider both our needs and wants. He wouldn't talk, he would turn the TV on or walk away, or play computer games to ignore me. He always wanted to get jobs that would keep him away somehow. Before becoming a truck driver, he wanted to be a flight attendant, or work in a cruise ship. It's never been something to stay close to home, or include me in his life. I guess I'm trying to make him love me. But love is not selfish, right? I've put many things in my life in second just to make him happy and our marriage intact. I've never been unfaithful, never spent his money. His ex wife had left him and he accepted her back after she cheated on him. I guess he likes the bad girls.
Marriage & Divorce - 9 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Maybe you can believe him maybe you can't. Have a backup plan.
2 :
Surely he will be back with bad news. To leave you..
3 :
Do you want to live the rest of your life in Brazil? If yes, it seems like your husband won't return and you're better off getting divorced and finding a guy who's already in Brazil and wants to stay there. If you and your husband don't agree on this main issue, then there's nothing to hold onto. Let him go.
4 :
im sorry but hes gone , if you do not mind him being a woman niser he will be back
5 :
It sounds like you don't trust your husband, and you were having issues before you married. It also sounds like both of you didn't really discuss what expectations you had concerning work, residence and long term goals. With the challenges you were having before, you should have gone to premarital counseling or not gotten married. You don't mention anything positive about your marriage or that you love him. Do you think you can believe him? I think you already know the answer. You should see an attorney about legally ending your marriage both in Brazil and in the States. I don't believe you want to be in this situation, there's no real reason for you to stay.
6 :
I think that if he truly loved you and wanted to be with you he wouldn't be doing this to you. You deserve to be treated like a princess. Ditch the loser and find yourself a true prince.
7 :
and you want him back because......? This is one dude you should be saying "Hit the road, Jack".
8 :
you love him, but dont trust him......doesnt make sense. he's a truck driver.....my brother -in-law is a truck driver and does the same to my sister. she handles the bills and their 3 kids while he's on the road. he cheats on her constantly and she knows it. it's not a healthy relationship. all the hookers, bars, etc. i'd say wait it out. if he's not home in next 4 mnths--seems like a long time to me--file for divorce. usually my brother in law is only gone for a couple weeks at a time. good luck
9 :
I suggest that you read the book "out of the shadows: understanding sexual addiction" by Dr. Carnes. You need to get help from a professional counselor asap.
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