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Tom Brown wrote a new post, 8 Innovative Ways to Promote Your New Business, on the site Global Finance News 15 hours, 34 minutes ago
If you’ve recently set up a new business but are not sure how to promote it, fear not. There are many innovative ways to get your company off the ground, whether that’s through more traditional forms of marketing […]
Joys wrote a new post, The health benefits derived from masticating juicer, on the site Site For Technological Invassion 1 day, 1 hour ago
Masticating is considered to be ‘chewing’ in scientific terms and the juicer tends to work very much in similar fashion as the individual can think of the cow trying to chew the grass, grind and then crush the […]
Ryan wrote a new post, Life After Foreclosure, on the site Bloggers Central 1 day, 2 hours ago
Foreclosure is often a traumatic experience, but it doesn’t have to be the end of the world. While it is true that a foreclosure will remain on your credit report for seven years–and it can even have a negative […]
Stuart Clock wrote a new post, Pizza Delivery Master: Dominos Pizza, on the site Daily News Updates 1 day, 14 hours ago
There is nothing enjoyable in life than eating your favorite pizza with the discounted prize. Did you know that people saved a lot of money by using discount tickets? Restaurants tend to release many discount […]
Chris Pentago wrote a new post, Central Banks Firmly Purchasing Gold in 2014, on the site Views of an average Joe. 1 day, 23 hours ago
According to the notes of several analysts, gold purchasing by central banks continues ahead of recent 2014 averages.
According to Mathew Turner, a Macquarie Bank analyst, central banks the world over have […]
Ryan wrote a new post, What to Consider Before Buying a Franchise, on the site Bloggers Central 2 days, 7 hours ago
Operating a franchise can be a ‘safer’ way to open your own business. There is a bit more security surrounding the venture, and you are not tasked with building everything from scratch; a system has already been […]
joys joy wrote a new post, Telefonkatalogen Explains Methodologies for Targeting Specific Cultural Groups in Marketing and SEO Campaigns, on the site News 2 days, 12 hours ago
Telefonkatalogen, a successful and highly sought after marketing firm out of Norway, has a great deal of experience in targeting a very specific group of people in the course of a marketing and SEO campaign. Since […]
Harry Golden wrote a new post, Down Payment – Know How to Save Money for it, on the site Finance News & Updates 2 days, 15 hours ago
In Toronto, Canada, Vlad Mortgage prides in saying that we have facilitated a number of home owners who want answers to their down payment problems. As we all know that not every source is trusted or proves to be effective, you do not need to search for any other company as Vlad Mortgage is available at your service. With extensive experience, our experts have enough knowledge to answer any of your questions. If you have any doubt, then read this article and find answers to some of your down payment related questions.
How much down payment you will have to pay to the mortgage broker Toronto?
Usually, mortgage broker Toronto Vlad Mortgage mentions that borrowers have to pay 5 percent of the home’s total amount as down payment however, if an institution demands higher, then do not consider it wrong because it will ultimately help you and derive benefits in the required manner. Our experts will guide you how to avoid spending money on additional expenses. When a prospect contacts us and mentions that they want to purchase a property, we first ask them to evaluate their budget because it will help us to determine how much they can afford to pay as down payment. Once we have such basic information, we will start finding the most suitable property and inform you about avail deals.
Is amount of down affect the type of mortgage?
Around 25% or above down payment on the total amount will let us know that quality as well as type of conventional mortgage you can avail. Though agreeing on a down payment lower than 25% will require insurance because lenders will then know that they can get their money back from the borrower.
How to save money for down?
Vlad Mortgage knows that saving money for purchasing a home will be difficult and it becomes more daunting when you have debts to clear. But with our Toronto mortgage brokers, you will find a number of ways to save money. Some of the plans are discussed below:
Personal bank accounts
Vlad Mortgage considers it the best way to save money. You just have to fix an amount of your earning and deposit into the account regularly- in the same way as you do for paying utility bills. Also remember that you will need to present cash or cheque while paying down payment.
Registered Retirement Savings Plans (RRSPs)
It is another guaranteed way to secure your future and make yourself eligible for mortgage. RRSPs are always your ideal resources to purchase a dream property. Nowadays in Canada, government allows owners to get up to $25,000 from RRSP. This money will be entitled as loan which you need to return with fifteen years from the date of withdrawal.
Vlad Mortgage has suggestions for wealthy applicants to invest their money and get return on their investment. You will have a number of ways to make money from your excess bucks.
We believe that you will have enough knowledge to apply for mortgage. If yes, then we would like to welcome you for applying for a mortgage type according to your requirements.
DeanPapan wrote a new post, Debt vs savings, on the site All about Finance 2 days, 18 hours ago
Household debt is up 314% from last year and with household finances under pressure, I knew that it was time to look at my financial situation, including comparing my debts to my savings. I had been conditioned […]
Terrence Stoker wrote a new post, Taking those first steps into the stock market, on the site Money Think 2 days, 20 hours ago
The world’s a scary place – especially when it comes to finances.
Many of us hear about stocks and know about this entity known as the stock market: people seem to magically make money from it, without […]
Terrence Stoker wrote a new post, Cyber risks for 2014, on the site Money Think 2 days, 22 hours ago
With revelations that the American’s National Security Agency (NSA) has been spying on many people, cyber security and protection have become major concerns for the future and this year. There is a reason to be […]
constantitempurchasingpoweraccounting wrote a new post, Hayek: Stability in value would prove to be the decisive factor, on the site Capital Maintenance in Units of Constant Purchasing Power™ 3 days, 20 hours ago
Hayek: Stability in value would prove to be the decisive factor
On 11 August I blogged: Is Bitcoin fatally flawed? in which I stated:
“The fact that bitcoin has a fixed supply limit – 21 million – may mean […]
richardo fuse wrote a new post, Stay Wealthy by Spending Smartly – It Isn’t Just About Saving Money, on the site Richardo's financial view 3 days, 20 hours ago
In this consumer society, everything has been revolving around getting that paycheck and spending it on something for quite some time. Naturally, we have evolved when it comes to making money and constantly […]
Christopher Meloni wrote a new post, An Analysis on Latest Economy Updates in South Africa, on the site gcaccountants 4 days, 2 hours ago
South Africa is among those countries that are able to manage their financial status while staggering in amidst of the global financial breakdown. The country has managed to stay on its feet widely due to their prudent and responsible fiscal as well as monetary policies. The economic freedom score of South Africa is around 61.8 while giving its economy a gradual rise and as the country is politically stable, it has a well capitalised banking system. Along with that, the high amount of natural resources, well developed regulatory systems and the research & development capabilities as well as an established manufacturing base strongly supports the economic development of the nation.
South Africa’s transition towards a more open economic system has been facilitated by the relatively competitive trade management system. Along with the overall regulatory efficiency that has constrained due to the lack transparency, the policies for sustaining the dynamic flows of the investment are not firmly institutionalized. Thus, as a result government faces huge challenges in order to improve the effectiveness of the budget management. The country has been ranked as an “Upper Middle-Income Country”, by the World Bank and had been declared as the largest economy in Africa. This has been admitted by the BRIC (Brazil, Russia, India and China) in the year 2011.
The legal system has gained more independence even though the rule of law has been weakened and uneven as it provides a relatively effective protection of the property rights. Accompanying with the world-class as well as a progressive legal framework, the South African legislation that governs labour, commerce as well as maritime issues is particularly more strong and the laws on the competition policy, patents, copyright, trademarks as well as disputes conforms to the international norms as well as standards. The modern infrastructure usually supports the efficient distribution of goods within the whole South African region. Also the South Africa economy has a marked duality and it has been observed that the country is having a sophisticated financial as well as industrial economy that has grown alongside as an underdeveloped informal economy. This “second economy” has presented both- the potential as well as development challenge along with a slower but steady growth economically. South Africa being the National Treasury is not able to create an equitable future as it is true that development is not just about the pursuit of growth. As a result, the South African government is planning for addressing the key challenges through various economic integrations for its previously disadvantaged majority. Alongside, it has been observed rise in 2.6% GDP, which has affected the economy of the country positively. This is how there has been observed a quality growth in the economy of South Africa.
Christopher is the author of this post is a legal financial advisor and works with GC Accountants. She keeps herself always updated with the recent developments and changes in the world economy. Here she is sharing recent economy updates going in South Africa. For more information, one can visit- Gcaccountants.com.au
constantitempurchasingpoweraccounting wrote a new post, Ecuador´s (possibly [hyper]inflationary?) virtual IOU´s, on the site Capital Maintenance in Units of Constant Purchasing Power™ 4 days, 19 hours ago
Ecuador´s (possibly [hyper]inflationary?) virtual IOU´s
Ecuador was reported to be studying the creation of its own virtual currency.
See: Ecuador Cryptocurrency
Now the Wall Street Journal states:
“Implying that this is a “virtual” currency is an attempt to lend Bitcoin-like cachet to what will essentially be IOUs issued by a country with a rather dodgy credit history.”Ecuador´s phony bitcoin ploy – Wall Street Journal
Sonika wrote a new post, The Differences between Satellite and Cable Television, on the site Business blogs 4 days, 20 hours ago
People are often faced with only a few choices when selecting a premium television service. You can go with cable television, or you can go with satellite dish television. What exactly is the difference, though? They both give you hundreds of channels to choose from, and each option has its own advantages. So, does it really matter which I choose? It can be a very difficult choice when selecting between cable television and satellite television. The following guide will help you understand the main differences between satellite television and cable television. It will even help you make the choice that is right for you.
Cable television is the delivery of encrypted data over a hard line that is connected directly to your house or residence. Cables are distributed throughout towns alongside their power lines. The cable is then connected to a residence when someone orders the cable provider’s services. That gives a person the ability to plug into the cable connection on the wall, and transcode the signal with a cable box or receiver. The cable box is a receiver that takes the encrypted data from the cable line, and converts it into a signal that your television can recognize. The problem with cable television is that it is easily manipulated with the readily available resource of the hard line. That means that someone could easily steal your cable signal with a splitter. Some basic cable packages don’t require a receiver, and so cable television has a few risks.
Satellite Dish Television
Getting television services through satellites is a much safer, but somewhat more difficult process. However, because of the difficulty in which it takes to align the signal properly, the satellite services are required to be installed by a professional. That means that you will just have to stand by and watch someone else do all of the work. Once it is all hooked up, you have a safe alternative to cable television. Satellite television gets its name through the use of satellites that are in orbit outside of the Earth’s atmosphere. Satellite television is the latest in cutting edge technology.
The way that a signal is received from the satellite in outer space is actually quite simple. The signal is snatched out of the sky using a special dish-shaped satellite receiver, commonly called a satellite dish. This dish, once aligned properly with the satellite in orbit around the Earth, can take the signal that is being sent from the satellite in space, and send it to the receiver that is connected to your television. This receiver then takes the signal and transcodes it into a signal that is easily accepted by your television. The signal is then converted to audio and video, and that is how you get satellite television services from outer space. Satellite television is literally space-age technology. You can find more by visiting this website.
Why Choose Satellite?
Choosing satellite television is a choice than many Americans are switching to. Cable television is not capable of delivering a television signal with the efficiency and safety that a satellite is capable of. Satellite television can help you get all of the channels that you want, without the possibility of your neighbor borrowing your services. The satellite television industry is steadily growing, and it is getting better by the year.
constantitempurchasingpoweraccounting wrote a new post, The value of money, on the site Capital Maintenance in Units of Constant Purchasing Power™ 5 days, 19 hours ago
The value of money
Capitalist enterprises invest money to make more money, to make a profit. They buy stuff such as goods and labour-power, put these ‘to work’ and sell the result for more money than they initially spent. They go through cycles of buying – production – selling.28 The faster each of these steps, the faster the advanced investment returns, the faster the profit arrives and the faster new investments can be made. Capitalist success is measured by the difference between investment and yield and not by the amount of money someone owns in absolute terms. Of course, the absolute amount of wealth a company owns is a relevant magnitude, because more money is a better basis for augmentation. Yet, in order to decide whether a company did well or poorly in the last quarter, the surplus is usually what counts. For a capitalist enterprise, money is a means and more wealth – counted in money – the end: fast growth – that is the mantra.
Libertarian Bitcoin adherents have no problem with this. While currently Bitcoin are mainly used – if at all – to buy means of consumption or as a hoard, they hope that one day something like Bitcoin will replace the US dollar and other central bank controlled currencies: Bitcoin or its successor as the currency to do serious business in. This sets Bitcoin apart from other virtual currencies such as Linden Dollars or World of Warcraft Gold. They are purely used to buy/sell in some limited realm of some virtual world, while Bitcoin are in principle usable for any purchase (on the Internet). Bitcoin want to be money, not just some means of circulation in a virtual reality.
If money is a means for growth and not the end, a lack of money is not sufficient a reason for the augmentation of money to fail to happen. With the availability of credit money, banks and fractional reserve banking it is evident that this is the case. Just because some company did not earn enough money yet to invest in a new plant, that does not mean it cannot – it would apply for a loan from a bank. That bank in the last instance may have borrowed that money from the central bank which created it ‘out of thin air’. However, assume, for the sake of argument, that these things did not exist. Even then, at any given moment, companies (or parts thereof) are necessarily in different stages of their accumulation cycles: some are just starting to sell a large stock of goods while others are looking to buy machines and hire workers. Some companies have money which they cannot spend yet while other companies need money to spend now. Hence, both the need and means for credit appear. If some company A expects to make, say, 110 BTC from a 100 BTC investment but only has 70 BTC in its accounts, it could take a loan of 30 BTC from some company B with 10% interest rate and still make 10 – 3 = 7 BTC of profit. For the company B which lends A 30 BTC, this business – if successful – is also better than just sitting on those 30 BTC which earn exactly nothing. If growth is demanded, having money sitting idly in one’s vaults while someone else could invest and augment it is a poor business decision.29 This simple form of credit hence develops spontaneously under free market conditions.30 The consequences of this fact are not lost on Bitcoin adherents. As of writing, there are several attempts to form credit unions: attempts to bundle up the money people have in their wallets in order to lend it out to others – for interest, of course.
Furthermore, under the dictate of the free market, success itself is a question of how much money one can mobilise. The more money a company can invest the better its chances of success and the higher the yield on the market. Better technologies, production methods, distribution deals and training of workers, all these things are available – for a price. Now, with the possibility of credit the necessity for credit arises as well. If money is all that is needed for success and if the right to dispose over money is available for interest then any company has to anticipate its competitors borrowing money for the next round of investments, rolling up the market. The right choice under these conditions is to apply for credit and to start the next round of investment oneself; which – again – pushes the competition towards doing the same. This way, the availability of money not only provides the possibility for credit but also the basis for a large scale credit business, since the demand for credit motivates further demand.
Even without fractional reserve banking or credit money, e.g., within the Bitcoin economy, two observations can be made about the relation of capital to money and the money supply. If some company A lends some other company B money, the supply of means of payment increases. Money that would otherwise be petrified to a hoard, kept away from the market, used for nothing, is activated and used in circulation. More money confronts the same amount of commodities, without printing a single new banknote or mining a single BTC. That is, the amount of money active in a given society is not fixed, even if Bitcoin was the standard substance of money.
Instead, capital itself regulates the money supply in accordance with its business needs. Businesses ‘activate’ more purchasing power if they expect a particular investment to be advantageous. For them, the right amount of money is that amount of money which is worth investing; to have available that money which can be used to make more money. This is capital’s demand for money.31
Growth guarantees money
When one puts money in a bank account or into some credit union, or simply lends it to some other business, to earn an interest, the value of that money is guaranteed by the success of the debtor to turn it into growth. If the debtor goes bankrupt that money is gone. No matter what the substance of money, credit is guaranteed by success.
In order to secure against such defaults creditors may demand securities, some sort of asset which has to be handed over in case of a default. On the other hand, if on average a credit relation means successful business, an IOU – i.e., a promise of payment – itself is such an asset. If Alice owes Bob and Bob is short on cash but wants to buy from Charley he can use the IOU issued by Alice as a means of payment: Charley gets whatever Alice owes Bob. If credit fulfils its purpose and stimulates growth then debt itself becomes an asset, almost as good as already earned money. After all, it should be earned in the future. Promises of payment get – and did get in the past – the quality of means of payment. Charley can then spend Alice’s IOU when buying from Eve, and so forth. Thus, the amount of means of payment in society may grow much larger than the official money, simply by exchanging promises of payment of this money. And this happens without fractional reserve banks or credit money issued by a central bank. Instead, this credit system develops spontaneously under free market conditions and the only way to prevent it from happening is to ban this practice: to regulate the market, which is what the libertarians do not want to do.
However, the replacement of cash by these securities remains temporary. In the most severe situation, in crisis, the means of payment available for the whole of society would be reduced back to hard cash again, which these credit tokens were meant to replace. Simply because people start distrusting the money quality of these promises of payment would lead to a collapse of trade which relies on these means of payment. In crisis, credit’s purpose to replace money is void.
This is where the central banks step in, they replace the substance of money with something adequate for its purpose: a money whose value is guaranteed by the growth it stimulates. With the establishment of central banks, the economy is freed from the limitations of the total social hoard of hard cash. If there is a lucrative business then there is credit: money which is regulated according to the needs of capital. Credit money as issued by a central bank is not a promise of payment of money, it is itself money. The doubt whether these promises of payments are actually money ought to be put to rest by declaring them as money in the first place.
Now, the value of modern credit money is backed by its ability to bring about capitalist growth. When it facilitates this growth then – and only then – money fulfils its function.
Hence, something capital did to money before, is now ‘built in’. The central bank allows private banks to borrow (sometimes buy) additional funds – for interest – when needed. The money they borrow is created by the central bank ‘out of thin air’. Hence, all money in society comes into being not only with the purpose of stimulating growth but also with the explicit necessity: it is borrowed from the central bank which has to be paid back with interest. While clearly a state intervention, the central banks’ issuing of money is hardly a perversion of capitalism’s first purpose: growth. On the contrary, it is a contribution to it.“
gegen Kapital und Nation
The full article is available following any link above.
Janny wrote a new post, Germany blaiming the Ucraine crisis, on the site Janny the economics student 6 days, 17 hours ago
Russian sanctions and the erosion of confidence could cause the abrupt contraction of the German economy in the second quarter from the disaster in Ukraine, the German Finance Ministry said on Friday.
A 0.2 […]
Tom Brown wrote a new post, Keeping an eye on developments: where should traders look first, on the site Global Finance News 1 week ago
There is a staggering amount of noise surrounding investments and the markets. Media outlets, bloggers, companies and countries all release announcements, analysis and news on a daily basis.
With the sheer volume […]
Joys wrote a new post, The Audience Will Smell a Rat if there are Fake Fans, on the site Site For Technological Invassion 1 week ago
The Real Deal
There is a whole crowd out there that appreciates information thrown at them from various corners. Some prefer reading information while others opt for pictures that relate a storyline of their […]
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