All about money – Fixmoney.com

One of the largest U.S. brokerage holdings – MF Global – filed in a New York court on bankruptcy protection from creditors. According to experts, the company became the first major victim of the European debt crisis in the United States

MF Global was careless enough to get a lot of debt of European countries, including Spain, Italy and Portugal, which has recently solvency in doubt.

According to experts, the brokerage firm acted like a hedge fund – instead of creating a diversified portfolio of assets she ventured to make a major long-term investments in bonds of European countries, hoping to restore stability in the euro area. However, the bid failed. Failure to remove the threat of default, the EU Greece in recent years has strengthened the market panic in respect of securities in Europe.

Last week, MF Global reported a record loss last quarter to $ 191.6 million rumors that the company may lose in European bonds, another $ 6.3 billion, created a panic that caused the shares MF Global hit by 67 %, and its ratings were downgraded to “junk” level by Moody’s and Fitch.

In addition, U.S. regulators have reported complete disappearance in the company of $ 100 million to $ 700 million of client funds. At the moment, check the version that MF Global illegally used these funds for their own trades, trying to protect themselves from bankruptcy. Total customer accounts of the company in late August were $ 7.2 billion

After a non-profit organization Securities Investor Protection Corp has filed a lawsuit, which contains the statement that MF Global will not be able to fulfill their obligations to clients, brokerage holding company itself admitted in its bankruptcy.

“Total debt amounted to MF Global $ 39.7 billion in assets – $ 41 billion has affiliates MF Global Finance USA, which is also bankrupt, the debt is $ 50 million in assets – $ 500 million”, – stated in the materials suit MF Global, submitted to the Court in Manhattan.

The company requested a standard procedure for protection from creditors under the 11th article of the Code of the U.S. bankruptcy. This would ensure the preservation of its assets for the period of restructuring. However, experts note, the brokerage firms after the crisis of 2008, as a rule, the more rigid approach. Usually, they are invited quick sale of assets or in part, as did the bank Bear Stearns, or the elimination of satisfaction with the claims of creditors, as in the case of Bernard Madoff pyramid scheme.

Bankruptcy MF Global is rated as the largest in 2011 and one of the eight largest in the history of the United States. Experts call the company mini-Lehmann, recalling a record collapse in 2008 of the investment bank Lehman Brothers with assets of $ 639 billion

“The report about the loss of client money from the accounts of MF Global, if confirmed, could bring disaster on all small brokers, as well as banks, because nobody will trust them” – London’s leading traders fear the publication The Economic Times.

Founded in 2007, MF Global offering 72 thousand of its customers access to more than 70 exchanges around the world. In fiscal 2011 revenues of $ 2.2 billion, it was one of about 20 dealers authorized to trade in U.S. government bonds. But on Tuesday, U.S. Federal Reserve Bank ruled out company from the list.

Notice of bankruptcy triggered a drop in MF Global shares in associated companies. Shares of the largest creditors of MF Global – bank JPMorgan Chase and Deutsche Bank – in yesterday’s trading fell by 3.6% and 8% respectively.

MF Global until the last minute trying to arrange for the sale of their business. According to news agency Bloomberg, negotiations were conducted with five potential buyers, which included other brokers, investment funds and bank Goldman Sachs. However, the existence of the assets of European bonds, apparently scared off bidders.

The most expensive and most of the gold coin minted in the world in April, the Royal Canadian Mint: a coin weighing 100 pounds and $ 1 million face value of gold produced 99.999 samples.

Its obverse is decorated with the image of a maple leaf.

So far, the largest gold coin is the Austrian “Big Flip” – a gold coin weighing 31 pounds face value of 100 thousand euros, so named in honor of the Vienna Philharmonic.

“Big Flip” minted in 2005
31.1 kg, or 1000 troy ounces
Diameter, 37 cm, thickness – 2 cm

Release of the mega-coin is conceived as a way to bring the Royal Canadian Mint leadership, which in recent years have been lost due to stiff competition from the Austrian Mint, Australia, USA and China. If, after the 1979 gold coin, “Maple Leaf” surpassed in popularity Krugerrand, now a significant market share of gold coins seized the Chinese “Panda” Australian “nuggets” and American “buffalo”

As stated in the notice the Canadian Mint, a new 100-pound gold “Maple Leaf” will mainly be used “for advertising purposes within the country and abroad for activities relating to trade in rare metals.” According to the Mint Alex Reeves has already received orders for some unique coins, which, he said, “will be minted in limited quantities and only for a certain period of time.”

If the results do not, then something goes wrong. This is an indication of a problem, you want to find and fix. If you ignore the symptoms, the problem will only grow.
Those people whose efforts bring no results, give in his defense a long list of reasons why they believe an acquittal for lack of progress. They tend to blame the country, management, taxes, a system of teachers.
For starters, check your own process to be regular. Such a timely diagnosis is an indicator of independent thinking person. The frequency of inspection of the results depends on how much significant progress plans to reach people.
It is important to a sense of progress at a certain time interval. If you wish to succeed, it is impossible to refer to the existing circumstances, if they make it difficult to progress, it is a chance to make to increase the degree of effort to overcome them.
Difficulties, this test is the determination of man. If you desire to get things done much, we can find solutions as to cope with obstacles. If you bring the power of creativity and multiplied its efforts to address each new problem, the progress will skyrocket.
If over a long period of time, progress is not seen, then, the goals are too small. It is unlikely that the inspiration will come, if the reward for it is negligible. The problem is the fact that most people simply do not believe in their dreams, as well as in the possibility of its implementation. Instead of sensibly assess obstacles and overcome them, many tend to use them as an excuse to move away from conflict situations. It is therefore important regular assessment of their achievements.
It is important to remember that everything that happens to you, to some extent is happening with all the people around you. Since, during the life of all meet around the same circumstances. However, someone overcomes them, using as a stimulus and growth of its vital forces, and someone is using as excuses for their failure.
All, without exception, people have the opportunities that are mixed with the difficulties. We all have difficulties with finances, health, everyone has always run year of life, regardless of how rich or poor.
The quality of our lives must be determined not by what happens in it, and how we choose what happens in it.
There are certain laws that harvest can be used only if it was planted on time.Therefore, to continue its activities should be, regardless of the fact that there are many ongoing needs.
The results do not depend on labor needs, and the trouble and effort invested in them. If a person does not fulfill what he thought it necessary, and what was needed, the result is sure to appear, even after a time, but it will be inevitable.
Although the obstacles and are an important factor that helps to achieve certain goals in life, do not specifically include them. The best way to reduce the barriers to a minimum, learn to anticipate them, you have to be extremely attentive to detail, that will in future play a significant role.
In regard to the wrong attitude to life, of false systems, excessive self-doubt, the best way to get rid of these problems – the activity. The road to success begins with the ability to work. Omission, regardless of the reasons why it appeared, is absolutely unacceptable, it completely destroys the inner self-discipline, confidence, concentration of your abilities.
Let this work begins with a difficult telephone call, which you have long postponed, by writing letters, which have long dreamed of watching a movie or reading a book, in short, everything that you have been putting off for a long period of time.
If you feel that your life lacks integrity, that relationship does not add up, do something worthwhile, and all the necessary changes.
In fact, in humans there are only two choices of what to do with my life. The first – be less than one and a path to an empty life without joy, satisfaction and happiness. Second – do. Do as much as possible, get out of life what you want to seek new discoveries and achievements. All, without exception, have this option.

Like this issue?
If you are a little literate and educated person, you must understand that it is a matter of “podkovyrkoy.” But otherwise he would not make sense.
Although most people did not hesitate to answer – “Yes, of course decide,” I would not hurry with the answer. And here’s why.
Money alone financial problems can not be solved in principle. Since the no amount of money indicates that a rich man or not, and the ability to manage money. And one more thing – a source of income plays a role of money – in the form of salary or passive income from asset created earlier.
Why am I so sure of this?
Look at the stories of people who win large sums of money in the lottery. They were shown on TV, they are interviewed, about their print articles in major newspapers.
And what happens to them after 1-2 years? Do you think they are getting richer?
Nothing of the sort – they are just, if not bankrupt. Since the not knowing how to manage money – the state “put together” IMPOSSIBLE. And even more so to keep suddenly appeared a large sum of money.
Since the Great Depression, the U.S. government decided to pay all the unemployment benefits. The amount was small, but to feed himself and his family – was missing.
Once a person has applied for a job – he just had to pay taxes, spend money on travel and clothing.
And most Americans have asked themselves the question – “Why do we need to be proactive, to get a job if you can get benefits and do not think about nothing? ‘.
This is one of mistaken U.S. government programs, but we’re a bit away from the topic of conversation.
I wish that you made clear one main idea – the money issue can be solved only with money management skills, not their number.
Another is that the harder a person works, the richer.
This is also the root of false statement, because work hard and work effectively – they are two different things. Activity is not equivalent to the result.
What can you say about education, whether it solves money problems?
If you think you have to decide then why are all around us as literate and educated, but poor people?
I would have said so – “Education plays a role, but not what we get in school.” The school teaches how to become an ideal employee. But what would become rich and secured – you need to become an entrepreneur rather than working for someone else.
Well, the work can solve the money problem? Once again you think you can.
And then I have my own opinion – why, when a large population employment, so few rich people?
Just because the work makes it possible to survive and not become rich.
What should I do?
Personally, I think that first of all need to improve their financial literacy – that is what will make it possible in the near future is to have everything he wants, not what the missing money.
If you are interested in this topic – I have an article on the blog, where the famous millionaire gives very valuable advice ordinary Soviet worker – this is a link.
Today, that’s all.
Good luck and look forward to your thoughts in the comments.

Financial problems are quite common today. There are many financial problems faced by people …

These problems can affect your financial situation. Here are the eight most common money problems faced by people and how to avoid them.

What are money problems?

1. Lack of business plan – this is what leads to a financial crisis. Having a business plan helps you to control where and what are your money. The absence of a working business plan can make you lose your money.
It is very difficult, especially when you have a bunch of accounts that have to pay.Forming a budget you can allocate the right amount of money that matters to you.

2. Overruns – the availability of credit cards and convenience, most people spend more than they earn. If you are not careful, this situation may even lead to bankruptcy. Try to compare your spending to your income to avoid financial problems.

3. Overspending on credit cards – many people today have one or two credit cards in his wallet.

This plastic “Cash” can be very useful in emergency situations when you need money. In any case, if you use your credit card to suit your desires, it may be a problem for you.

4. Delay in payment of loans and other accounts. Most people get a loan, as an aid in financial difficulties at least once in their lives. Getting a loan – it is quite normal, but it can become a problem when you hold your payment.

Delaying payment of your debt, you increase the amount you need to pay. You will have to face the additional commission that accrues at a delay of payment.

5. The lack of savings – many people only think about their spending on food.They forget to set aside some money.

If you do not start to lay before, you may not have the required amount at the time, wherever you need it most.

6. Lack of research – before you take any – that the financial efforts, make sure you learned a little bit what you’re going to do.

Completely immersed in what comes to money, well not thinking, you can sign a bad deal with people who you can take advantage of.

7. Luring large deals – there are many groups that advertise big deal, where you can earn big money. If you are dealing with people and believe in their pretty promises, you may end up losing all your money.

8. Poor attitude to money – most people who are in financial crisis – people who have a bad attitude to money.

People who think that money is easily given and that we should not worry about them – often suffer from financial problems. So make sure you have the right attitude towards money …