Head of market analysis for Schneider Foreign Exchange Stephen Gallo told CNBC yesterday that the financial crisis will lead to the creation of a global central bank and a global single currency within 15 years, echoing the call of top globalists who have exploited the problems they created to push for a new world financial order.
Highlighting the significance of the introduction of the Euro, Gallo said that the single currency was “where we are headed globally on a monetary basis over the course of the next 10 to 15 years.”
Stating that one of the things that caused the financial crisis was an over expansion of the money supply on a global basis, Gallo said, “Over the course of the next couple of decades central banks are going to need to pay more attention to what’s going on with the global money supply rather than the money supply just in their own borders,” a necessity that, “might call into question the need for some kind of global central bank or a global central bank that’s united by central banks for bigger monetary areas underneath that global central bank.”
Seeking to counter a chorus of unhappy Republicans and nervous Wall Street investors, President Barack Obama and his economic team are taking a cheerier tone while making billions in federal loans available to the nation’s struggling small businesses.
Obama and Treasury Secretary Timothy Geithner on Monday planned to announce a broad package that includes reduced small-business lending fees and an increase on the guarantee to some Small Business Administration loans. A day earlier, the president’s advisers said in television interviews that they remained confident in the nation’s economic fundamentals, at times adopting upbeat rhetoric the president once mocked.
“The fundamentals are sound in the sense that the American workers are sound, we have a good capital stock, we have good technology,” said Christina Romer, who heads the White House Council of Economic Advisers.
The Homeowner Affordability and Stability Plan and
How You Might Qualify
As lenders evaluate the loans in their portfolio to determine eligibility for the program, a good way to evaluate if you qualify for refinancing is to monitor your credit. Since you don’t know which of the 3 major credit bureau reports lenders are going to look at to evaluate it, check all three. With 3-Bureau Credit Monitoring you’ll know you’re doing everything you can to ensure your eligibility for refi relief.
How can the refinancing portion of the plan help you?
If you’re a borrower who has been current on your mortgage payment but can’t refinance because your home has lost value, you might be able to refinance into a 30 or 15-year fixed rate loan. The program is limited to loans held or securitized by Fannie Mae or Freddie Mac.
If you owe more than your property is worth, you might qualify to refinance if your new first mortgage (including any refinancing costs) will not exceed 105% of the current market value of the property. For example, if your property is worth $200,000 but you owe $210,000 or less you may qualify. The current value of your property will be determined after you apply to refinance.
A former member of the Bank of England’s Monetary Policy Committee has predicted a massive collapse of the dollar within the next two to five years, this new’s has left much to think about the volatility of the current and future markets and increased the security and confidence investors see in Forex Markets, read all about the News that has cough the world in a never seen scenario of events where the roads leads to the possibility of mass dumping of USD assets including the governments assets.
I wanted to wait a bit until we completely finish the blog to post the following article but as the urgency of this content came into my hands I just had to make you all aware of a very delicate situation in our financial structure in the USA and Puerto Rico the below information was provided to me via one of my Managed Forex Companies Oceanside Wealth you can find more information about them in www.PRtoForex.com for now please read carefully the article below it may help you plan ahead before its to late.