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Tips For Filing Bankruptcy

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Bankruptcy is your failure or unableness to pay debts that cause absorption of your premises by financial institutions to auction to recoup the money you borrowed. Lending can force you to do crazy things like suicide to prevent the general pity. Suffering from stress sicknesses such as blood pressure level a result of strain that comes together with the experience.

Here are some strategies that will assist you to avoid bankruptcy:

Settle your debts on time – Bankruptcy is a step taken by the lender to pay your debt that’s an awful situation which could make you bad forever. Consolidation of debt enables you to consolidate all your loans into one manageable loan along with lesser interest than whenever you pay every loan individually. You’re able to pay back the repayment plan that suits your monthly with your lender to avoid any consequences once you don’t repay punctually as is easier to pay the financing income rate. The arrangement with your lender may assist to reschedule your repayment plan in order to decrease the monthly payment and extend the length of time to pay to produce the loan repayment adaptable.

Consider Selling Property – Consolidating your debt is the only choice to avoid bankruptcy, thus you should attempt all ways possible to repay your debt prior to your lender taking actions to auction your house. Avoiding bankruptcy might ask that you sacrifice some of your luxuries and assets in order to build a good credit record. Once the creditors manipulate your house sale at an undervalued price only to increase the amount you failed to settle. On top of leaving you with poor credit record, which suggests no other lender might consider lending you money, you are considered a loan defaulter.

To prevent all this humiliation, you can offer some of your house to raise the money, repay and endure a possibility to borrow again later since you’ll have a very good credit record. In addition, contemplate going for financial counseling for advice before choosing to declare bankruptcy, which might lead to long-term implications. Consider all options in how to raise money to pay the debt

Avoiding bankruptcy is about raising money to settle your debt. You can consider borrowing money from your family and after that pay later when you’re economically stable. Make your lender understand your situation and provide you the details about how much of cash you need to avoid insolvency so you can still raise the money.

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De-dollarization is on its way!

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The Dollar is a weapon of mass destruction

In recent years the news has been filled with stories on sanctions and othr economic turmoils that seem to all stem from the power of the United States of America. Before the 1960’s america had little control over the financial liquidity of the economies abrod but today with the swipe of a pen america can effectivley ban you from its Dollar club paralyzing your economy. in recent years that has begin to slowly change, nations like russia and china are becoming tired of the United States throwing its weight around. Even allies like india and Eu nations are looking into ways to escape from the petro dollar regime which has ruled for so long. A change is coming and it looks like America’s behavior is the catalyst.

Big stories developing

Turkey has dumped several billion dollars in Us debt securities and scooped up gold in an attempt to work closer with its allies Russia and China. The Dollar is fueling huge wars and it is coaxing nations into the growing de dollarization trend. Alliances are developing that may soon shift economic paradigms away from Washington and into thw world. If one is being optimistic they could even say that a new era is about to begin.

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Global markets are getting volatile as trade spats continue.

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Trade wars taking their toll

This trade spat between the united states and China is becoming increasingly burdensome upon the people of the world. Emerging markets are tanking and as of this week the american market is also strugling. In america the pullback can be attributed to the corporate shareholders who have been on a buying frenzy, taking a breather and starting to sell. this has kocked the DOW and NASDAQ off off all time highs and caused concern for the smaller investors. There is widespread reports of a possible recession caused by these market circumstances and it could be big. Some cryptocurrency supporters believe that this round of economic turmoil will translate into a run up in the prices of bitcoin and some altcoins.

Will bitcoin prevail in the next downturn

for most of this year stocks in the usa have been on a tear rising similar to how crypto did in 2017. Some are saying this rise will lead to a huge correction that will lead many investors to begin using cryptocurrencies. They site the instances of countries like Venezuela who almost immediately turned to bitcoin and crypto in the midst of its current crisis. I personally hope that this current downturn comes to an end and hopefully some of that money in the hemorrhaging stock market s will find its way into crypto.

Check out this video that kind of explains some of whats going on from the crypto lark over on Youtube!

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Is The U.S. Winning World War Trade?

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A global trade war

Since late 2017 President Donalt Trump has been threatening and levying tariffs on many of our economic allies. This has caused the global markets to experience volatility similar to the cryptocurrency markets .It is driven bythe uncertainty and FUD being spread by the media to investors, which has effectly created a direct correlation between the presidents actions and market movements. When the first tariffs went into effect the stock market took a masaive dive only to recover and dive again after anothe announcement of tariffs. Such volitility has led to increased fear of losin the trade war, yet it seems like this Tradewar has had far smaller of an effect in the U.S. than abroad.

Donald Trump is winning!!

when he started this trade war the president stated that “trade wars are easy to win” to racous dissent from the pundits and economists. Yet it seems that his confidence in the american economy was not misbegotten, since the trade war has started the stock market overall has been able to make gains on a weekly basis that has led it to approach new highs. Along with a booming stockmarket with companies reporting stellar earnings, the U.S. FED has also stated that interest rates will go up thanks to the stability of the economy. Meanwhile in Europe markets are struggling with various internal issues compounding the effect of trumos tariffs. China isn’t fairing any better with the majority of its stock market seeing red and thier central bank attempting to do currency acrobatics to stem the bleeding.

The end may be near

Now that all the rhetoric has passed it seems to be time for the ice to break and tensions to thaw. On wedensday August 22nd 2018 Chinese and American Officials will meetin to discuss trade terms and seek an end to the globally devastating war. Europe has already chose to come to the table an negotiate on the subject of tariffs so with Chinas apparent concession it seems that donald trup had actually wont the trade war. Maybe the other leaders realized it would be dumb to follow Trump down such a destructive path or maybe the U.S. economy is actually strong enough it could defeath the whole world in a fight!! Whatever the reasons it seems this saga of trumponomics is coming to an end, I dare say im excited to see what the future holds for us.

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