Force majeure (French Force majeure, the supreme force in the Russian legal documents encountered the term "force majeure") - an unpredictable event (for example, natural disaster, acts of war, strikes, revolutions, etc.) that does not depend on the actions of the parties involved in the transaction, but leading to the inability to meet contractual obligations. In civil law systems, force majeure is defined as a circumstance which frees the parties concluded the agreement from liability. Force majeure does not recognize situations that give rise to the risk of loss (for example, changes in prices, Read more [...]
41 frightening fact about the U.S. public debt
In the U.S., the debate continues to raise the national debt. HE Wall Street repeatedly wrote about the event: here, here and here. Passions above all - Finance Minister Geithner social spending cuts and suspends investment funds, and President Obama even made a statement warning that failure to increase the debt ceiling does not mean abandoning the obligations. The reader is dry facts about the state of the world's largest and most powerful financial system.It is difficult to find words to describe the indescribable horror of the state of the U.S. Read more [...]
As part of a special operation the world's largest financial institutions, valued advisor to the president of Russia, Vladimir Putin, Sergei Glazyev as "legalized aggression", "partners" of the Russian Federation - the U.S., Japan, UK and EU countries continue to steadily increase its currency issue, whereby buy real assets. S. Glazyev resulting data showing that over the past two years, issued $ 1.5 trillion to 1.2 trillion euros and "comparable amount" in yen and pounds sterling. According to S.Glazeva, under the current economic model of the money supply in Read more [...]
Residents of U.S. President Barack Obama's offer to solve the looming problem of rising debt ceiling by the publication of the coins of 1 trillion dollars. So unexpected initiative contained in the new petition, which was published on the White House Web site. Two days on a petition signed by more than four thousand Americans. According to the existing rules in the U.S., if within a month can raise 25 thousand signatures, the administration will have to consider the request in an official order, and then take it as a guide to action or to give a negative answer. The authors call for a Read more [...]
In 2013, a printing press in the United States will continue to operate in emergency mode. The Federal Reserve agreed to extend the policy of "quantitative easing" (QE). Only now, U.S. Treasury securities will be purchased directly, and "Operation Twist", involving the exchange of long-term debt obligations of the U.S. Treasury for short-term, should be completed by the end of the year.Starting in January the Fed intends to purchase a monthly mortgage-backed securities by $ 40 billion and long-term debt of the Federal Treasury in the amount of $ 45 billion, is not excluded Read more [...]
12/07/2012 U.S. Senate rejected a bill to raise the debt ceiling allows the order of the President. Proposal made by the head of the Democratic majority of the Senate Harry Reid received the required 60 votes out of 100. His blocking Republican leader Mitch McConnell faction.Democrats and Republicans are currently at an impasse on the issue of public debt, which must be resolved by the end of the year. At the moment, the country's debt ceiling of $ 16.394 trillion - it is expected that the mark will be reached by the end of December.GazetaCategory: Political Factors Read more [...]
According to the Chamber, government debt in 2012 increased by 22% to 6.5 trillion rubles, or 10.5% of GDP. The cost of servicing government debt in the last year was 32 billion rubles. This corresponds to the costs of housing, culture and film in an amount calculated SP chairman Sergei Stepashin at yesterday's meeting of the Duma's budget committee, presenting the report of the inspection agencies for the year 2012. Of greatest concern is the growth of corporate debt: the total foreign debt at the end of 2012 amounted to 624 billion dollars and 16.1% higher than the amount of gold Read more [...]
The U.S. Congress passed a bill to suspend the debt ceiling, which, recall, at the end of last year has reached its limit of $ 16.4 trillion. On Thursday, the document was approved by a majority vote in the Senate, and last week in support of the House of Representatives expressed. U.S. President Barack Obama has pledged to immediately cast his signature. The law will give the U.S. government to continue borrowing to avoid defaulting on its financial obligations, including to foreign creditors. Thus, civil servants will continue to receive a salary, the pension funds will be credited contributions, Read more [...]
U.S. Treasury Secretary Timothy Geithner joined U.S. President Barack Obama and the head of the Federal Reserve Ben Bernanke urged Congress as soon as possible to solve the issue of increasing the debt ceiling from the current $ 16.4 trillion.
"Congress must act as quickly as possible to increase the normal powers of borrowing in order to avoid the risk of default and any interruption in payments," - said in a letter from the Minister to the Speaker of the House of Representatives, Republican John Boehner, published on the official website of the Ministry of Finance.
Available to the Read more [...]
Scientists from Cardiff University UK recognized Jan. 16 most depressing day of the year. According to the "happiness formula", which was developed by experts, on this day the British and other Europeans feel the post-Christmas posleprazdnichnuyu and sadness that come across them on the idea that as soon as they face little pleasant. Among the main causes of bad mood experts say cold weather, the stock of debt, unpaid bills, and the fact that up to wages for January is another two weeks.
"All of these factors make January 16 the saddest day of the year working," - said the Read more [...]
As you know, Russia adopted a "baton" of the decaying USSR, who in the late 80's was quite a strange way the debtor almost all of Eastern Europe. As a result, the total debt of the Russian Federation grew by almost $ 40 billion.
In 1993, when Russia with fanfare joined the Paris Club, its most influential members - the EU, U.S., Japan and Canada - a directive to diminish Russian debt assets of more than $ 30 billion to $ 130 billion liabilities should Russia "Parisians" increased by $ 36 billion, making Russia officially recognize their debts now former USSR the countries Read more [...]
I admit at once and honestly I'm not an economist. Although at one time I had a chance to listen to the basis of the course "Economics", and I even know what the "opportunity costs," economist me difficult to call. However, I do not claim to this honorable title. But always listen and read our eminent economists and clearly see that the nature and prospects of the global economic crisis, they have just as little idea as me. Even the Minister of Finance, which in theory is drained all the information on the dynamics of the crisis, it scares us because crisis reigned for Read more [...]
I admit at once and honestly I'm not an economist. Although at one time I had a chance to listen to the basis of the course "Economics", and I even know what the "opportunity costs," economist me difficult to call. However, I do not claim to this honorable title. But always listen and read our eminent economists and clearly see that the nature and prospects of the global economic crisis, they have just as little idea as me. Even the Minister of Finance, which in theory is drained all the information on the dynamics of the crisis, it scares us that crisis reigned for Read more [...]
Is it possible that global disaster There was not enough for the obvious pattern that we have described above? That is not originated at one point at a time and beating of her world? Yes, this is possible in the event of a systemic crisis. Usually system crisis can not exterminate the entire population, but certainly it can be a global catastrophe of the second kind. Nevertheless, there is a model where the system crisis exterminate the entire population.
The simplest such model is the environmental system predator-prey, such as wolves and moose on a certain island. In such a system, in the Read more [...]
Add one more important detail to the problem of running out of resources. The modern capitalist economy operates with a loan. According to the theory of the credit cycle Minsky into three classes of debtors:
b) those who can make a payment of interest, but not the bulk of the debt and therefore have to stretch it forever;
c) and those who are forced to take new loans to pay off old debt, which is similar to a financial pyramid (or Ponzi scheme MMM).
The first type of borrower is free and can fully repay the debt. The second type of the borrowers have to pay them forever and Read more [...]
Witheychas time for every American to take steps to prepare for a government default and the full depreciation of the U.S. dollar. Soon we will or will not be able to meet our debt obligations, or creditors, finally, put a limit to our uncontrolled borrowing. And when they do, it is very likely that we will experience a hyperinflationary monetary collapse, which will lead to the total destruction of trade flows, food shortages and uncontrolled prices.
Ham talking a lot of different words, since the global economic crisis Read more [...]
The main danger of wage labor in the trade - the relationship with the owner. Worst of all, when they are tied to the financial responsibility. For example, kiosks and small shops, where the seller has to take all the goods. And to answer for it. In this situation, an inexperienced person very easy to substitute a work force shortage and debt, working for free. Or to offer additional evidence, in the form of juicy relationships, responsibilities, and failure to take revenge on a penalty for loss or damage to the goods.
One of my friend, agreeing to sell flowers, came into bondage on the first Read more [...]
The second step - the distribution of your capital. You already know exactly what specific monthly expenses are coming you. Make sure that have enough money and pay well in advance of notification bills. Do not worry if you have overpaid, you can even deliberately overpay a few dollars. This is an important step: it clearly shows you the effectiveness of your efforts. You will pay for itself and be able to pay the bills.
Reducing your debt and start living without debt and credit - your remote ultimate goal. Once you can handle it, begin to overpay a little bit each month, consistent with Read more [...]
We are excerpts from an unusual publication. Its author - a famous Russian academician Dmitry Likhachev, and year of publication - 1930.
Kartezhnaya game is in the underworld environment of considerable importance in achieving the highest levels of fraudulent qualifications. Skilful and "thin" stealing is not nearly enough to be proven "ghost" ("ghost" is called a big thief), "incitement" ("zhigan" - dashing thief, hero, how it paints a kids). Inability to constantly risk all their money, "rags" or even their lives, as well as the infidelity Read more [...]
The medical profession makes to its own special personality specific requirements. Devote themselves to the medical profession - then voluntarily decide to huge, sometimes excruciating dedication in work. This work everyday, hard, but at the same time - a noble, much-needed people.
Everyday medical practice, which requires all of the impact, the impact of yourself, all the best human qualities can be called heroic. Mikhail Kalinin said, "What a feat - a skill in difficult conditions strictly perform their duties."
After graduation young professionals-doctors for the most part distributed Read more [...]