For many, gold and silver coins are considered assets. They are hoarded for later. However, in Utah, gold and silver coins may be acceptable as legal tender. (This means that the tax on transactions in gold and silver, which is seen as assets, could disappear with). The measure has passed the legislature in the State of Utah and only awaits the signature of the Governor. If you sign, Eagle and Buffalo as money currencies will be accepted. (See, however.) It will not allow foreign gold coins; (no spending your Rands in Utah stores.)
The coins of gold and silver from the Government would be recognized for their value to a collector. This means that it goes beyond just the nominal value of gold and silver coins, issued by the federal Government. The salt lake tribune reports on the difference between the value of the metal in the coin and its face value:
Rep Ken Ivory, R - West Jordan, said, for example, that a decade of 1960 d. of John Kennedy half dollar coin, 90 percent of silver: would have purchased three gallons of gasoline with its value in the mid-1960s. But the value of the silver it would now buy about five gallons of gas, while the nominal value of the currency would buy only a fraction of a gallon.
Here in Utah, legislators and many citizens are concerned about the Federal Reserve and the form of inflation erodes the purchasing power with a fiat currency system. Thus, in addition to accepting the gold and silver as legal tender, Bill also organizes a study on establishing some kind of metal with money system or not.
It is practical to switch to a gold or silver standard?
Due to inflation, the distrust of the Federal Reserve and many other issues, many wonder if it is time to return to a currency which is based on some sort of standard metal - probably gold. The idea is that a gold standard (or even a silver standard) would be to reduce inflation and provide more "real" value for money.
No one would be gold coins in their pockets, but they had money would have to be covered with reserves of gold or silver reserves, or any combination. There is only a problem with the idea of us coxswain Gold: there is lot of money circulating. What we have in circulation so far exceeds the current reservations that the change would be utter chaos.
Another issue is that our fiat currency system goes beyond that he move from pieces of paper. Our monetary system is entirely based on the information. Some of my clients broadcast my control. The banks have a team that tells them how much money have. Then, their banks exchange information with PayPal, which in term exchanges information with my Bank. Viola! There is "money" in my account.
It would be very difficult to try to make the information passing through our system on a daily basis with few tangible assets. The question is that now our economy almost in its entirety is based on the perception of money - the idea that was there. All our Exchange is based on the perception that we will accept information in the team as a means of Exchange.
In addition, considering that gold is more than $1,400 an ounce, might find their ability to fulfil its obligations suddenly reduced if it had to have everything backed by gold. While the Utah Act adds an element of flexibility to the system - a flexibility that is admirable, I am not sure that is actually useful (if it is right or wrong is another matter) to switch to a gold standard or silver.
What do you think? Should we change to some kind of metal with standard currency? Or we are too far in our system of fiat to come out with any sort of practical?
When someone sends a check, you can expect to use it for saving for College, but really can not ensure it. But what if you could encourage dreams of someone with a financial contribution - and be reasonably sure that is what was used, the gift for? A new website, Clariity, offers the opportunity to do so.
Financial planning gift cards
One of the interesting features of Clariity, a new financial planning website aimed at the family's finances, is the option to provide a gift of financial planning card. Give the gift to the recipient by specifying that it is for college savings, a wedding, a down payment for a home, retirement, vacation or the purchase of a car. You can even decide what the money is for the recipient.
Once they have been given the gift, the money can be used to kickstart financial dreams, as the recipient makes a plan with the help of Clariity. The recipient can set targets and towards these goals of saving money. For example, Clariity can help open up a 529 college savings account. Then, Clariity money from gift card can be put in there and help the recipient to achieve its objectives. This system also allows to other friends and family to also participate. Beyond budget tracking
Clariity is not just tracking your goals and your budget. This web site is a site of family financial planning that allows access to similar tools to use professional financial planners. You can set up a financial plan that takes you through different stages of life and helps you to achieve certain objectives. You can use resources in Clariity to find out what investments perform, as well as more information about different financial products and services.
Access to a "market" also means that you can get some financial products and services you're looking for. When you receive your Clariity gift card, you can actually use it to invest in a plan 529 on the site. You can open an account in brokerage and begin investing to meet goals of buying a House, or some other goal. You can even open accounts through the web site or apply for a credit card (and gain access to their credit rating).
This is convenient, but you need to be careful. Be sure to understand the products and services offered and to realize that may want to search elsewhere in some agreements. Compare, as you would with any product or financial service. But Clariity does not offer a bad place to start.
The conclusion is that Clariity adds a new element to the idea now of age of financial applications. You can bring together a comprehensive plan that helps you to achieve different objectives and shows how to prioritize their money options. In addition, you can get involved your social circle with its objectives. I like the idea of giving social in this way. Gives you the opportunity to give - and receive - significant gifts that can really help you reach your goals.
You know if you want your business to be successful, especially if it is a family business, it is important to have a presence online. However, it may be difficult to know how to get started. Only what you can do to help the business web site a destination is to be a curator of content. Steven Rosenbaum has written on how conservation can be a way to help you become a reliable source of information. His book, nation of conservation: how to win in a world where consumers are creators, helps you navigate the waters of Internet of conservation to find success.
"It has been said conservation could become the next $ 1 billion business," says Rosenbaum.
But, what exactly is the conservation? Rosenbaum, said that the concept comes from the idea of a curator in a museum. The curator choose different elements and determines how to display them to the best effect. The same concept may be at work on the Web, to decide what elements can be more useful to your audience and then share them on your web site.
While some content creation is necessary for a successful business web site, says Rosenbaum, conservation can be quite effective as well. It takes a little less, and it can be defined as a destination for everything related to your niche. You can configure it as an expert in his field.
"There is so much information out there," says Rosenbaum. "People are looking for a place to get good information." It may be a reliable source. Rather than only through its web site to say 'I have a sale and why I am so great here', you can provide information that customers want. And you don't even have to create it yourself.
Rosenbaum says that you can post relevant videos from YouTube, get interesting links of a Twitter feed or publish photos that others have had. Mix it with your own created content, including photos of the products used in videos of action or how to do it and blog posts and you can create a site curated that provides useful information that you want to to your audience - and they keep coming back to.
"Home by finding out what can be done, and then figure wants it." Go out and find information and add it to your site. Cure of a collection of content from various sources, and become the window to its customers, "suggests Rosenbaum." You can even invite customers to post their own content. Asked by reviews and ask them who make videos of them with their products. "If someone has a good video that shows how to use the product in a unique way, which can be a great addition to your site," says Rosenbaum. Conservation is to organize the information in a useful way to build a reputation as a good place to go.
Build a business around conservation
You need not even limit to the Commissariat of elements on the web site of business. Rosenbaum also points out that you can build a business around conservation. "If there is something that fascinates, can start a website of collected material, curated", said. "If you like barbecue, you can start a website where we offer advice, collect and cure recipes, share photos of food on the grill and even add videos".
Offer this content curator (and some original) free to its readers and monetize the site with affiliate programs, AdWords and even paid advertising. With a little encouragement, it is possible for your website to start making money.
However, it is necessary to be careful as cure content, says Rosenbaum. "Don't forget attribution." The world of sharing on the Internet, is all about attribution. "It is clear that the information came from elsewhere, and needs to return to the source."
The future of online business is information, and with conservation, you can create a web site, or a business - that capitalizes on.
\Credit cards are quite useful while they know how to manage them properly. Unfortunately, it is too easy to get too deep. Here are some of the dangers of the use of the credit card.
High probability of incurring huge debt
The changes of incurring huge debt increase when you have the habit of passing them to each purchase. The purchase of edible articles for shopping for expensive products online, it is too easy to build the debt on their cards. You no longer have to pay the balances in each month, it may be easy to pay only the minimum and let the debt to grow.
High interest rates
The interest rate on a credit card is usually higher than that of personal loans or guaranteed loans. This means that you pay extra - only to borrow money. Any time that you carry a balance, are paying a considerable fee. It is money that can be spent on the elements which have more use for you, or it could be reversed. A variable rate is even more insidious, since you can upload as a change of interest rate, which means that you pay more. Even low introductory rates expire, leaving him with higher interest rates. However, pay off your balance each month, and interest will not be a problem.
Consequences of making only minimum monthly payments
The minimum monthly payment is the lowest amount that a debtor has to pay towards the outstanding balance each month. It is calculated on the basis of a specific percentage of the outstanding balance as referred to in the terms and conditions of the special credit account. To make only the minimum monthly payment, it takes more time to pay the debt and finally pay more interest. Credit card issuers love this situation, because it makes them more money over time.
Be sure to close your credit card account
When you close your credit card account, must always take account of how will affect your credit rating. In certain circumstances, close your credit card account may result in lowering its rating by several points. This is especially true when closes the account still has balance or who has been using for a long period. To close a credit card with an outstanding balance. If you close a credit card with a long credit history, then also you can impair your credit rating because part of your score depends on the length of your credit history.
Credit cards can be useful financial tools, but only if used with care. Make sure that there is a plan before committing to a credit card.
K.Smith is a contributing writer associated with the debt consolidation care community and has written several articles for various financial websites.
This is a guest of Tiersa Buckley post. It offers some knowledge on how to use the iPhone for some business functions.
Credit card transaction processing couldn't be any easier these days. In fact, can do it from anywhere there is mobile applications for convenient processing of credit card transactions from your phone.
You can improve your business making your Smartphone in a credit card remote terminal - in can take with you wherever you are. We have come a long way from the great and wish first primitive phones whose monstrosities were about as accessible as carry a brick around your car. Now it's easy to do business in trade fairs, exhibitions and special events. Processing applications for the iPhone (and other smart phones) credit cards are available in a number of processors.
When customers are removed, simply sign the application of touch screen on your mobile phone to complete the transaction. Clients, then, is requested to provide your email address that lets you send a copy of a receipt to you. Processing of credit card of adjustment on the fly with all the functionality of a hard drive with terminal system cable.
However, you must understand that while applications can be free, business owners still need to register with payment gateways and pay a monthly fee and a small percentage of each transaction. As with other types of card processing, using your smart phone, be sure that you have a seller account, and they prepare for the costs associated with the credit card.
You can also find payment processing companies that can provide you with a card reader that is compatible with the implementation of the credit card. Many customers don't like the idea of manually enter credit card numbers, so an interface of sliding hardware that reads the card Strip (if it exists) can be a selling point. The information is encrypted and clients feel tranquility.
Security is important for a reason. You can ensure that the customers who are using demanding security measures. Business owners must use a transaction key as well as enter your API login password. Make sure that it provides a level of security that customers are accustomed to see in brick and mortar stores. It will protect you and your clients.
Smart phone credit card processors are especially attractive to business owners with mobile enterprise, or to do a lot of travel. Payment processing made easy and fast.
Not long ago, I received a notice that my credit from Bank of America card was instituting an annual fee. This is something that many people are beginning to see how sending credit card search for ways to raise revenue following the rules of the credit card Act that reduce some of the most infamous practices used in the past to increase revenue. However, some might argue that the annual fee should be considered of interest and should therefore be prohibited in balances, unless certain conditions are met.
Odysseas Papadimitriou, CEO and founder of CardHub.com, believes that adding annual fees to the accounts of good reputation is wrong, and that such fees should be treated as interest rates.
"An annual fee effectively does the same as a position of interest," Papadimitriou said by telephone. "The cost of the debt will be higher in a balance - and not do anything wrong."
Papadimitriou believes that it violates the spirit of the 2009 credit card Act, despite the fact that, technically, the issuers of credit cards which charge annual fees are not violating the law. "They call it a fee instead of an interest rate, but they are positions of the finances of discomfort."
In fact, according to Papadimitriou, an annual fee is a finance charge. "Federal Reserve Regulation z says that an annual fee is a finance charge." "However, it is not the type of interest, issuers can get with this kind of behavior."
"You can call it something else," continued Papadimitriou, "but the end result is the same." It still affects you in your pocket. "It is a backdoor way to increase the cost of debt in a balance."
What can you do?
Papadimitriou encourages consumers to take action. He believes that, with sufficient pressure, it is possible that we could see an end to annual rates - at least on the cards with balances. "Get in touch with offices of protection to the consumer on this practice, which is essentially a switch and bait." "Without balances can simply cancel, but those with a balance of not much use".
Also suggests that contact with their representatives in Congress and even write in the Federal Reserve.
In my position, I could get my annual fee for a year. I was willing to pay the remaining balance and close the credit card, and Bank of America decided to waive the fee. If you are unable to pay the balance of your credit card account, this might work. However, I should perhaps deal with consequences relating to its credit rating.
Those who can not pay their balances quickly have so many options. You have to pay the fee - and hope that write to the Government helps leaders.
Our smartphones do more than ever before. iPhone, Android, BlackBerry and others make it possible so that it can be responsible for any number of banking functions using the phone. You can make transfers, track expenses and even be reversed with the help of your smartphone. If you are interested in having access to your financial life wherever you, consider some of the financial applications that can help you.
Bank applications
Many banks and credit unions now have applications that help with banking. You can check with your financial institution to see what is available. These applications often allow you to check your balance of you look at the recent activities and even to make transfers. If you have a camera in your cell phone, some banks allow to make deposits using images that set of controls. It may be that you never have to go back to your bank.
Budgeting applications
Also you can track your budget easily with financial applications that allow tracking of revenue and expenditure. You can also download applications, such as Mint.com, that will connect to their bank accounts, automatic updating of information. You can get budgeting applications that can help you to track the paydown of debt goals.
Invest
There are also applications that allow to invest. There are some applications, such as finances of Yahoo and Google Finance, which will help you track your investment portfolio and even conducting the research. Some brokerages, such as merrill lynch, even allow you to perform transactions from your phone. There are platforms for trade in foreign currency and other investment instruments available for use as well.
Coupons and shopping
Some of the best financial apps out there are those who will help you to buy. You can store coupons on your smartphone. They have bar codes which can then be read by the reader of barcode on the desk of withdrawal. You can also store bar codes associated with the key labels for gym memberships, loyalty programs and other programs on your smartphone. It is very likely that in the near future you will use the Smartphone as a credit card.
Protect yourself when using financial applications
Of course, with so much vital information stored on your smartphone, it is most vulnerable. Security is very real concern when you use the phone for banking and investing functions. Make sure that take security measures with your smartphone. These can include care about how to use public Wi-Fi, as well as ensure that any download of applications are legitimate applications and no Trojan horses that will steal your information. There are options that allow to turn off your phone remotely, or delete all, if your phone is lost or stolen.
Using the many applications available financial can make your life more comfortable, but also be careful. Be sure to double check their security and consider carefully what financial applications used.
Persons enrolling in COBRA as the result of a lay-off after June 1, 2010 no longer qualified for the 65% federal COBRA subsidy, but plenty of people who did qualify for the subsidy were still receiving it in 2010. If you received the COBRA subsidy, your taxable income may increase depending on how much money you made in 2010. If your adjusted gross income was between $125,000 and $145,000 ($250,000 - $290,000 for those filing joint returns), you may only be eligible to retain a portion of that subsidy. If your adjusted gross income was greater than $145,000 ($290,000 for joint-filers), you are not eligible for the subsidy and should review your tax liability for the subsidy carefully.
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AllBusiness.com’s Keith Girard interviews Nancy-Ann DeParle, President Obama’s director of healthcare reform, and Mark Duggan, a senior economist at the Council of Economic Advisors.
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