FLGS – Global Finance Report

Recently, people awareness of gold investment, being increase. Gold cant be devalue,nor it has no debts, no board of directors can mess with its value. And the value is uniform in every country, not like currency that can be different in every country. So if you want to make investment, especially for your retirement asset, buy gold IRA transfer.
As we all know a Roth IRA is an Individual Retirement Arrangement (IRA) allowed under the tax law of the United States, can be invested in securities, usually common stocks or mutual funds (although other investments, including derivatives, notes, certificates of deposit, and real estate are possible), which is a traditional IRA, now you can try to rollovers your retirement asset with gold 401k plan.

For this gold investment, which is we own a Metal object, must be physically stored through an approved depository, investors cannot keep coins in a closet. So must find a trustable company to take care your gold IRA investment, to know more about this process you can try to check USAGOLD. The said its actually a simple process, the company will assist you to select the precious metals you would like to include in your IRA portfolio and will also provide security for it.

Recently, people awareness of gold investment, being increase. Gold cant be devalue,nor it has no debts, no board of directors can mess with its value. And the value is uniform in every country, not like currency that can be different in every country. So if you want to make investment, especially for your retirement asset, buy gold IRA transfer.

As we all know a Roth IRA is an Individual Retirement Arrangement (IRA) allowed under the tax law of the United States, can be invested in securities, usually common stocks or mutual funds (although other investments, including derivatives, notes, certificates of deposit, and real estate are possible), which is a traditional IRA, now you can try to rollovers your retirement asset with gold 401k plan.

For this gold investment, which is we own a Metal object, must be physically stored through an approved depository, investors cannot keep coins in a closet. So must find a trustable company to take care your gold IRA investment, to know more about this process you can try to check USAGOLD. The said its actually a simple process, the company will assist you to select the precious metals you would like to include in your IRA portfolio and will also provide security for it.

Is there any Alternative way to investing in gold ? How to invest your money in gold, now there is online market who sell gold bullion coins. They offer safe and guaranted process in shipping and handling, so costumer dont have to be worry.
Who can invest in gold? The answer is anyone can, family, corporate, individual can invest in gold, such parents who want saving for his son or daughter in study. Governments can’t devalue it.  It has no debts, no board of directors, no politicians or central bankers that can mess with its value.  That’s why gold has survived every economy history has ever witnessed, and preserved investors’ purchasing power over a span of some 5000 years. So buy bullion now, its never too late too try.

Indonesian Telecommunications Regulatory Body (BRTI) said digital wallet service that allows payment of financial transactions via mobile phone potentially be used as a medium for money laundering. Currently, new Telkomsel provides these services in the form of so-called T-Service Cash.

“If there are no restrictions on sending money laundering can occur. In addition, this service will involve a large amount of the fee while the regulations that govern the telecommunications does not exist,” said Heru Sutadi, a member of the BRTI in Jakarta.

T-Cash is a service that launched Telkomsel since three years ago with funds invested about 50 million U.S. dollars for its development. This service allows mobile phone (cell phone) as a storage wallet that money can be used to transact with ease, quickly and safely.

Previously, Bank Indonesia (BI) allows PT Telekomunikasi Cellular (Telkomsel) for its Business Activity Remittance (butterfly) to develop a digital wallet service T-Cash. This service can now be used to pay at various retail merchants, and later worked with Garuda Indonesia to buy tickets directly from the phone.

Bambang Suprayogo, vice president of T-Cash Management Telkomsel ensure permission has been pocketed his company on February 18 last. “This is the first butterfly permits granted to telecommunications operators,” said Bambang

Economic system and political policy is an integral because it can not be influenced one another. This paradigm is based that politics is the superstructure which is a mirror of the infrastructure (economic system). In the language of philosophy: determining the real condition of human consciousness, or social circumstances determines social consciousness, or the infrastructure determines the superstructure.

One thing to note is that even can form a variety of different economic systems, any and all economic systems are not able to avoid the various rules which apply in economics. One rule of microeconomics is the law of supply and demand, which is where the price of a good or service can not remain low if demand increases while penwarannya not come up. The government regulated economic system, prices can remain low but should be accompanied with the subsidy.

A rule of economics at the macro level is that if the government’s fiscal policy can not be balanced to be covered by foreign loans except increased taxes and increase the money supply in terms of monetary policy. The second example of the entry into force of this economic law and its implications (in this example: the need for subsidies and the need for foreign loans and / or higher inflation) shows that economic development problems can more terselesaiakan at the level of the economic system, through the application of various rules of the economy, will increasingly reduce the problem to be solved at the level of the political system.

Meanwhile, based on the nature of political economy is economic activity that determines the consciousness of political authority in determining policy. If economic activity characterized by capitalism, then awareness of political authority in determining the economic policies must be in accordance with the economic system of capitalism. If economic activity characterized by a socialist, then awareness of political authority in determining the economic policies must be in accordance with populist or socialist economic systems.

In Indonesia, the economic system based on Pancasila and the Constitution 45 as in article 33, which outlined the concept of Indonesian economy on the principles of brotherhood, which was given the name of democracy and economic system or economic system of Pancasila.

In political terms this is the policy of this government is very influential in setting national economic life. Meanwhile, in its development, an economic system will continue to have the formation and adjustment in accordance with the various issues and problems that developed in the community that determines the movement of economic and political systems are moving towards the Liberal or even move toward etatisme, moving toward a democratic or autocratic ?

That is where government plays a role in development policy-political policy to normalize the economic situation does not occur so that the economic whims profanity.

Chairman of the International Monetary Fund visit to Spain amid reports Real Madrid are looking for the “bailout” (bailout) while the government approved the important reform of the rigid labor market Wednesday (06/16/2010) local time.

Spanish Cabinet approved the reform of labor, which is considered essential to revive the economy and ward off the debt crisis of Greece, although the union has called for a general strike against them.

Reform – which makes it easier and cheaper for companies to fire workers – yet to be decided by the parliament where the government held a majority of seven seats.

Assembly last month passed a package of government saving 15-billion-euro (18.4 billion U.S. dollars), which include cutting civil service salaries, with only one vote.

Spain fell into its worst recession in decades at the end of 2008 after the collapse of the property boom penjang decade and only returned to the thin growth this year.

The crisis has sent the unemployment rate jumped to more than 20 percent, the highest in the European Union after Latvia.

High unemployment, in turn, resulted in government spending on unemployment benefits soared, pushing the Spanish public deficit to 11.2 percent of gross domestic product last year, third highest in the euro zone after Greece and Ireland.

Spanish business newspaper “El Economista”, Wednesday said the IMF, the EU and the U.S. Treasury Department has formulated a rescue plan for Spain, including credit lines between 200 billion to 250 billion euros.

“The plan would use money from special purpose funds amounting to 500 billion euros issued last month to assist countries in the euro zone that runs into the problem of debt-Greek style,” he said.

The IMF, European Commission and the Spanish government has denied any bailout is in progress.

Jean-Claude Juncker, head of euro group finance ministers, also said on Wednesday he saw no indication “that Spain will be in a position where it must be asked” to emergency funds. ”

But speculation was fueled when the Chairman of the IMF Dominique Strauss-Kahn announced he will hold talks with Spanish Prime Minister Jose Luis Rodriguez Zapatero in Madrid on Friday.

Strauss-Kahn stressed his side will make the visit “work” and refused to talk about a bailout for Spain. “I went to all European countries. I am in France (today) – there are rumors about the French?” he told AFP.

The IMF last month warned that the Spanish economy requires “broad and comprehensive reform” of rigid labor markets and the banking sector if it wants to complete the massive debt and deficit problems.

Meanwhile, Bank of Spain Governor Miguel Fernandez Ordonez also called for accelerated implementation of restructuring measures, including to “enhance the competitiveness of the Spanish economy.”

The government pushed ahead with its own version of labor market reforms after talks with unions and employers collapsed last week.

Two of Spain’s largest unions, CCOO and UGT, which represents more than two million workers, on Tuesday called for a general strike on June 29 to protest the plan.

Full-time workers in this contract entitled to severance pay as much as 45 working days per year, one of the highest rates in Europe. Under government reforms, this will be reduced to 33 days for some contracts.

Many economists blame the high unemployment rate in the high cost of firing workers in Spain, which makes employers reluctant to hire staff and encourage the use of temporary contracts that have multiple benefits and rights.

But some analysts said the latest plan does not go far enough. “We remain confident that these reforms are not sufficient to determine, particularly about flexibility at the firm level,” said Javier Perez de Azpillaga from Goldman Sachs Global ECS ECS European Research.

“Without a clear framework to facilitate the improvement of functional adaptability and wages, the economic balance towards net exports will proceed with a more gradual pace.”

The government has also led to rapid consolidation of 45 regional savings banks of the country’s uncertain economic conditions triggered by the collapse of the property sector.

But the public finances can be strained further after the Bank of Spain revealed Wednesday that local banks have been asked about 11 billion euros of state funds to implement the restructuring plan of merger.

The banks had until Tuesday to ask the financing from the Bank Reconstruction Fund for Orderly (FROB), which was established in June last year to help the savings banks have difficulty with a merger or restructuring.