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To obtain financial security, you must first have financial stability; This is achieved with an emergency fund, which I call saving primary. This pot of savings, as its name indicates, is used for emergencies and put it in quotes because many think that buy a new iPhone 3 G, or a vacation due to excess stress to Aruba are emergencies; as our friend J.D. from Get Rich Slowly says, there are people who have shown cases of emergency or financial trouble. I particularly have seen other cases, as for example during the national strike of 2002-2003, needed to buy a new battery for my car and took my Emergency Fund. There is much discussion about the size of this Fund, some say that they should be of a salary, others say 1000 dollars, others say that it should be three salaries, to pay mortgage, insurance, fee, truck, etc. There are others more radical and they argue that one does not need a Fund of primary savings for emergencies, but I think that it is very extremist. In my opinion many people not even has thought of this emergency fund and would be very difficult to save a day for another three months of salary for emergencies; my methodology is as follows: emergency fund should reach to repair something (a fridge, car, a door) or to pay a medical emergency (fractures, accidents), or any relative (food, loss of a loved one).-If we give this sense to the Fund, a salary saved in a bank would be enough, and we can create this Fund saving three months to have the emergency fund-from the fourth monthcontinue devoting a small portion of our salary to this Fund, in my case is 5%, which it is monthly pass to my Emergency Fund.-must place this Fund of emergency into a separate account, to avoid temptations, and also recommend you ask the account without debit card.

If you would like to start this Fund? First of all, should pay all the debts of your month (auto, mortgage, school, services) and then pull out a bit of your superfluous expenses (idas movies, dinners with friends, games rentals, gym membership). If your think you have all your salary spent at the beginning of the month, think again!, well check your finances and see that there is money that you can have for the primary savings. If it is still impossible, you can have as an option opening a line of credit with your bank’s confidence, telling him how much sincerity that is for an emergency fund you can print this article and take it so they know what it is. Now, a month, three months, $ 100, in reality, the beginning of the emergency fund depends only on you, and you are the best person to know with how much you can start without seriously affecting your personal finances. In summary: Creates the Emergenciaque Fund will serve as primary savings source.Open a savings account that is not easy to access without card of debit and put the money there.

Start saving money as you can of your wasteful spending until to have a month’s salary. Starting at There, it begins to deposit 5% of your monthly salary in this Fund.Enjoy the first phase of your financial security. This just it is starting, we still a long way to go. Having us willingness and tenacity, and I wish that everyone can achieve the financial security that we deserve.

The British Prime Minister asked to speak to the director general of the world Organization of trade (WTO), Pascal Lamy, after which will involve heads of State and Government, at a meeting scheduled that extends just over two hours. Between the points would have reached a consensus that would provide more money to the International Monetary Fund, improve the representation of emerging countries and control tax havens, among other points. As expected, the IMF reform passes by giving it more means and powers. In economic terms, be held an additional effort doubling resources until the $ 500 billion to guarantee more aid to poor countries and emerging, responsible for these last 70% global growth. Economic aid can still reach 750,000 million dollars, according to an official source quoted by Reuters. The European Union and Japan give a loan of 100 billion euros. The same amount will bring United States. The IMF may finance on international markets and may even sell gold.

The fundamental points of the appointment They range from the actions necessary to recover the global economy from the clipping of interests and the increase in public expenditure, the strengthening of the international regulation of financial institutions, with decisive action on hedge funds and tax havens. At this point, creates a new agency for regulation and supervision of hedge funds. In this way, they are intended to under public control. Germany and France had requested that this regulation would not be in a general principle and had requested more hardness in this regard. The reform also takes into account other international agencies, as well as the IMF, those who identify as basic pillars to emerge from the crisis: the World Bank (WB), the forum for financial stability (FSF) and the World Trade Organization (WTO). According to the draft, the FSF would be a Council for financial stability, with a permanent structure, to become the world gendarme of markets and financial institutions.The World Bank should be given more and will be invited, like the other regional development banks, to increase their capacity of 200,000 to 300,000 million dollars loan for the period 2009-2011.

And for the WTO, the G20 urged the Organization at the end of the cycle de Doha liberalization and to keep an eye on those countries that establish new trade barriers. A Brown press conference will announce the final communique of this Summit, which began marked by differences in approach between EE UU and European countries, especially France and Germany, about the best way to deal with the worst economic crisis since World War II. It is important to point out, that the U.S. President, Barack Obama, yesterday admitted responsibility for his country at the origin of the financial earthquake, but downplayed differences between different countries and assured that there will be agreement to emerge from the recession and refound the global financial architecture. In general terms, Obama wants more public encouragement to the economy, an idea supported by the British Prime Minister, Gordon Brown. However, France and Germany say that they speak with one voice in its position of resistance to these measures. The French President, Nicolas Sarkozy, opted, as its German counterpart, Angela Merkel, the regulation of funds high-risk and control on salaries of executives.

For worse, the gravity of the situation doesn’t stop there as to the continuity of economic deterioration problems they give him to the Spanish banking system, credit restrictions exacerbate the panorama generating a vicious circle since the limitation of new loans to companies increases their probability of default. It is for this reason that Jose Luis Rodriguez Zapatero has had to launch a pre-emptive bailout Fund to prevent the banking system from problems, baptized as a background of banking orderly restructuring (FROB), which has an initial 9,000 million euros budget and provides up to 90,000 additional million euros. The FROB aims to leave behind the current banking system Spanish so that a new, more efficient, and healthy comes to light. Luis Maldonado, of PricewaterhouseCoopers, did a very interesting reflection in five days, about the conditions that should meet the FROB to achieve the results desired without unexpected effects, highlighting that its use should occur only in case of need, without that generate distortions in competition and conditioning entities assisted to close monitoring: an indiscriminate public recapitalisation would send a signal incorrect about the solvency of the Spanish financial system, while that would be an inefficient use of resources from the taxpayers. With the FROB will be determined a before and an after in the Spanish banking sector is subject to a period of mergers after which gain in efficiency. In this sense, the former President of the Government Jose Maria Aznar, considered that this recapitalisation plan should reward entities that observe a prudent risk management and punish at those that do not. Logically, the FROB will open a great debate on the Spanish banking system, although debate must extend throughout the Spanish economy since there are the main causes of the current banking problems. Among the main entities of the system banking Spanish is Banco Santander S.A.

German Gorraiz Lopez, adds that you consider, that the scarcity of basic agricultural products for food (wheat, maize, rice, sorghum and millet), and the bestial increase for those products on the world markets which had its tip of iceberg in 2007, will go in crescendo throughout the decade until reaching its zenith in the 2020 horizon. to reach the crisis(whose first sketches are already profiled and that will end up drawing with all its harshness at the end of the next decade), contributed the following suicidal economic elemento:desarrollo of the countries of the third world with unreasonable growth of macrourbes and tourist megacomplejos and consequent reduction of land devoted to farming.Changing patterns of consumption in the emerging countries due to the dramatic rise of the middle class and their purchasing power and the weakness of the dollar and the collapse of the crude prices with the consequent diversion of speculative investments to commodity markets.This increased use will be joined by the countries of the first world of technologies predators, (biofuels), which under the label BIO-friendly countries with the environment, not hesitate to engulf huge quantities of maize initially destined for the power for the production of biodiesel, together with unusual droughts and floods in major global barns.An important aspect in this crisis, has also regards the increase in prices, which now with the global financial crisis has led to unattainable prices for many in the acquisition of products. Taken into account, as es.wikipedia org reminds us. that many factors contributed to the increase in basic prices. Analysts have explained it as a crucial combination of factors: poor harvests in various parts of the world due to the climate, low levels of reserves of food, increased consumption China and India, global population growth, increased consumption of biodiesel and changes in the global economy. One of the causes of the increase in prices would be the use of U.S.