Thursday, January 31, 2013

Zimbabwe 'treasury account with just 217 dollars.

Zimbabwe 'treasury account with just 217 dollars.


                          31 Jan 56 The Minister of Finance Zimbabwe City Mountain Babylonia. Revealed on Tuesday that The civil service payroll in the last week. The remaining money in the account before it was $ 217 a day later. The revenue from $ 30 million, or approximately
                          The celebrities that need to disclose this. To emphasize that all parties know that the financial position of the government is now in the paralysis. And not enough money to organize the referendum approved the constitution. And elections. As defined by this And calls for international support to raise approximately $ 200 million, or almost to a referendum and elections.
                          But financial experts noted yesterday that the celebrities who often speak the truth about the economic problems in the country. Regardless of the income of the country.
                          The Big strike against the financial dive to the floor of the bad economic policies during the past 32 years under the rule of dictator President Robert Gabriel Moulin.
                          After nearly 10 years ago, Moody's Gabriel from policy reform. By the land of white Zimbabweans. Which accounted for 75 percent of the country's land. To redistribute to black Zimbabweans. To faith. The popularity of the public. But the confidence of investors. Impact on the economy. Add notes and print out for free. But the higher the rate of inflation. Until the year 2541 the inflation rate reached 230 million percent, a record high. The country's currency worthless and the government need to print banknotes worth up to 100 million Zimbabwe dollars. Finally, turning to the U.S. dollar.

Wednesday, January 30, 2013

Realtime opened critical economic policy, "the Fed" cause hurt U.S. economic downturn.


Realtime opened critical economic policy, "the Fed" cause hurt U.S. economic downturn.



University professor Stan Ford "John Taylor" criticism of the Federal Reserve (Fed) to ignore the fact that the Fed's monetary policy is to prevent it, the economy of the country.

Taylor said the Fed has been buying mortgage-backed securities that are guaranteed (MBS) and U.S. government bonds rose. While the short-term interest rates to near 0% until the unemployment rate will improve.

"These above. Will cause a great deal of uncertainty. It is known that When the economy started to improve, the Fed would change course. Turned to the sale of assets purchased. To prevent inflation, "Taylor, a former minister Beach. U.S. Treasury said.
And added that. If sales are too slow. Federal funds used in the purchase of assets in the first period to enter.

Banking system and economy. But if the sale occurs too quickly or abruptly. It will hurt bond prices down and interest rates up too much boost. This will cause a recession in the end.
Since the financial crisis began. Fed to the third round of quantitative easing, known as E Q 1, Q 2 and Q e 2 e 3 measures first round finishes. The Fed has bought government bonds and MBA and more than $ 2 trillion. Backing up to the balance sheet to around $ 2.9 trillion. And the outbreak of the severe criticism both at home and abroad.

It is near 0% interest rate policy of the Fed today. Also cause investors to doubt. When investors. Including retirement and pension funds. Require higher returns from lower interest rates.

The comments of Professor Stan Ford was. Be held before the Fed will adopt a policy statement that will end on Wednesday, U.S. time. The analysts expect that the Fed will continue to hold interest rates at a record low. The move to stimulate the economy

Most countries use the euro lending. Contraction is the 8th consecutive month on month. Was 0.55. Reflects a reduction in interest rates failed to recover the investment.


Most countries use the euro lending. Contraction is the 8th consecutive month on month. Was 0.55. Reflects a reduction in interest rates failed to recover the investment.


The European Central Bank (ECB) has cut interest rates to a record low reached. And pump more than 1 trillion euros into the banking sector. The number of banks have already begun to pay this debt back then. A sign that the financial situation began to develop in the direction of better But the number of loans is still poor.

ECB data. Shows. In December of the past. Lending to the private sector fell by 0.7% compared to the same period a year earlier.

Mr. Schultz, the Christian Church can Economics from Saint Lauren Burke. Euro zone could be heading towards the path of recovery. It is a path that is not supported by the release of certain loans. It also reflects that. Confidence in the banking sector has not yet recovered. It may be due to the effects of the recession are still ongoing.

In this same month. Lending to non-financial companies fell to 22,000 million euros in November fell to 7,000 million euros, while the credit for households decreased 3,000 million euros in the previous month to 6,000 million euros.

Analysts pointed out. Funding for the ECB injected through the financial system. Households do not have access. And across sectors. Because some countries have struggled so hard to return to the path of economic recovery. Despite progress in solving it.

Spain is considered by the countries that have been lending to the private sector fell to 22,000 million euros, which represents the biggest monthly decline. From July onwards. The Portuguese. Most private lending decreased by 2,600 million dollars in the first year.
However, Italy has been lending to the private sector increased by 12,600 million euros from 1.757 billion euros in.

Malaysia's central bank ordered commercial banks to exchange the board. If there is a currency in the country. Spinning for money.


Malaysia's central bank ordered commercial banks to exchange the board. If there is a currency in the country. Spinning for money.





Traders said the Bank of Seneca Lake, or the central bank of Malaysia. Notification according to daily exchange rate board called ABSIRFIX01 by letting banks know since last week. The board shall be determined by the Board of Directors of the Bank in Singapore. To exchange foreign currency with the Currency Ringgit Malaysia. Bank in Malaysia to change the exchange rate, which is called MYRFIX02 exchange rate of the foreign representative.

Exchange rate based on both the boards of directors of both banks. Difference between the reference rate of Singapore is derived from the banking business outside Malaysia. The new reference price used by the Central Bank of Malaysia banking business in case a reporter asked the central bank to Malaysia. I have not seen any of it.

Announced above. Occurred at a bank in Singapore. The fact that the trader was investigated for a group of conspiracy to money spinning ringgit. And other Asian currencies. Including the Indonesian rupiah and the baht, Thailand's Bank of China has announced an investigation in September last year.

Sources revealed that some bank officials were investigating reports of Singapore's central bank and male involvement. Many banks and traders were suspended in connection with the investigation.

The central bank in Singapore. No comments were issued by the central bank spokesman said only that. The case is under investigation. Singapore officials had said earlier that Banks should take strict disciplinary measures against officials who were involved with the offense.

According to probe the exchange rate between the reference rate set by commercial banks, 17 of the total money in the foreign exchange market, such as Deutsche Bank, UBS AG, and Standard Chartered. And a reference to the advance of the delivery contract. Or NDS software. The Company and the Bank to prevent the risk of currency fluctuations. Used to predict the amount or direction.