Money..

Financial markets have been growing steadily in terms of volume and value in recent decades, which acts as the lifeblood in the modern business types, as it is one of the most important consideration for an entrepreneur-company, which all summarizes in one word MONEY.

One of the long-standing myths about modern currency is that it is backed by the U.S. gold supply in Fort Knox. That is, you can trade your greenback dollars to the U.S. government for the equivalent amount of gold bullion at any time.

Gold seems to be back in the limelight with investors preferring the yellow metal during the third quarter. The yellow metal did well to advance 11.1 percent to $1776 per ounce in the third quarter from $1598.5 per ounce at the end of the second quarter. In comparison, gold dropped 3.9 percent in the second quarter. Before that, the precious metal advanced 8.6 percent in the first quarter to $1662.5 per ounce from the fourth quarter of 2011. For the first three quarters, gold has delivered a solid return of 16 percent.

At one point, and this was true of most paper currencies in the world; the U.S. took away the government backing of the dollar with an actual gold supply (known as leaving the gold standard) in 1971, and every major international currency has followed suit. And that’s why the only reason for dollar, franc, or Euro has any value is because they have a stable system in which people are known to accept these pieces of paper in return for something valuable. Or, as Nobel Prize-winning economist Milton Friedman puts it, "the pieces of green paper have value because everybody thinks they have value."

Even though gold is no longer used as a primary form of currency in developed nations, it continues to have a strong impact on the value of those currencies. Moreover, there is a strong correlation between its value and the strength of currencies trading on foreign exchanges.

The exchange rates effect how business gets done between the countries of the world, and will effect both travelers and traders, it’s even impact the global trade volume throughout the world, as Qatar Central Bank which has adopted the exchange rate policy of its predecessor, Qatar Monetary Agency, through fixing the value of the Qatari Riyal (QR) against the US dollar (USD) at a rate of QR 3.64 per USD as a nominal anchor for its monetary policy.

Gold has a profound impact on the value of world currencies. Even though the gold standard has been abandoned, gold as a commodity can act as a substitute for fiat currencies and be used as an effective hedge against inflation.

So money doesn't have any inherent value. It is simply pieces of paper or numbers in a ledger, but as what Lewis H. Lapham, author and editor, said “The complex mechanisms of the modern world depend as certainly on the faith in money as the structures of the medieval world depended upon faith in God." So money is the lifeblood of our life.

For Waseem Kazi Blog:
By Maha D. Azzam - Oct 7, 2012

lIVE YOUR DREAMS...

Credit 360.

Credit problem has become a very common feature in our daily lives and we strive best to come out of such a problem.

Most of these credit problems arise because of the fact that we cannot keep track of our spending and end up with debt. Default credit card debts, default auto loans and missed mortgage payments are some of the cases which push us into credit problems. When you default any debt for a continuous period of six months, the creditors consider it as a bad debt and report it to the credit bureaus. The credit bureaus list the outstanding debt in the credit report of the borrower. Outstanding debts get listed as negatives in the report and lower your credit score.

 

Having said that, and affirmed once again beyond shadow of doubt it is always the mistake of the one taking the loan,... or is it?

 

Why is it that never does any line in the bank documents mention that if you are in debt because of a death of a family member, or the operation of a child or any loved one or because a real drop in the financial market, that the bank would refinance or explore ways to get you back on your feet.

 

How is it that an institute designed for humans acts like a machine when it comes to defaulters whom life is testing with hardships!! ( LOAN DEFAULT CANNOT PROCESS DOCUMENTS...MUST KILL DEFAULTER )

 

Isn't it time that we rethink the whole banking process and add some human values, not just to entice people to take their facilities, but rather help people get back on their feet. If we are ready to give life insurance when there is no guarantee of the next minute, why can't we help a life get back on its feet?, why isn't that an investment?

 

 

 



 Get an oil rig job now..

Choosing a leader!

From Waseem kazi's Blog

 

When you are good to others you are best to yourself” – Benjamin Franklin.

For some strange reason in today’s times one thing which has become more expensive than fuel charges is the cost of kindness and compassionate.

* Our Prophet of Islam Muhammad peace be upon him once said “Do you love your Creator? Then love your fellow beings first.”

* In Christian bible Matthew 25:40 the bible advises us to treat strangers with brotherly kindness.
* The virtue of Gemilut Chassadim is so intrinsically a part of Judaism and Jewishness that “if a person exhibits impudence, cruelty, or misanthropy, and does not perform acts of loving-kindness, one should strongly suspect that he is of non-Jewish descent; for Israel, the holy nation, has the three distinctive traits of `modesty, mercy, and loving-kindness’ (Yevamot 79a).”

These are just few examples of some of the major religions, but the problem is that even there, we tend to monopolize to the extent that governments are scared or in some case even petrified to accept any religion in the hallway of governance to the point of banning religion in any decision making facets of it. What is the aftermath? Well we have dishonest and exceptionally unkind people with unkind words running our governments utilizing ones deep connections to their moral values against any culture or religion they don’t understand. We have started selecting politicians based on their financial success rather than their moral values thinking this will be the beginning of salvation we require in this world.

 

Respecting Democracy

A word so cherishingly used these days! But there is a danger that in the excitement for the same, we might lose the essence and the basic purpose of it! The problem arises when we commit excesses in the zeal to prove that we were right. The only thing that differentiates man from animal is his religion, so to say though some would argue other wise. But the truth is our body has an animal baseline on which respectable / unrespectable and sometimes divine garnishes of culture and religion is sprayed upon by time and circumstances.

The idea is to fight the animal instincts so that we do not kill ourselves to oblivion over political, social or area marking matters or in some cases genuinely silly matters. Ones main aim should be that once we have won our freedom we should try to win the hearts of the opposers of freedom!, why? because for some strange reason they thought it was the right thing to do. We should make an attempt to understand if it was evil which made them act in such a way or did they have a valid reason for believing so. I know I am not making sense, but I never said mine was the accurate opinion, having said that I feel that the point is, that I should always be careful, but I should also be very very careful if I feel that I am right, because this is the time when I will commit mistakes in my zeal to prove how right I was.