How to make peace with money
Do not like to think about money? It seems like everyone around is cleverly managing their money, everyone but yourself? The truth is that money is a tool, and we…

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Dummy for a million, or strange lots
“To sell something unnecessary, you need to buy something unnecessary,” the hero of the legendary Soviet cartoon used to say. Auctions on the Internet have become an excellent platform for…

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How to make money on a rover
Where to start your career as a famous person, or how to earn your first working money or “build” yourself a decent side income? Make someone paint a fence instead…

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product contracts

LIBOR: time to change bets

The key LIBOR rate for credit markets is going to be modernized. City of London, New York Wall Street and regulators on both sides of the Atlantic are seeking a compromise in defining rules for calculating the global interbank rate systemic for institutionalized global usury. LIBOR replacement is planned for next year.

LIBOR (London Interbank Offered Rate) – the initial rate that is used on the interbank market, as well as in international commercial agreements to determine the interest on borrowed money. It was adopted in the 84th year and since then has not undergone any special changes.

LIBOR is set daily by the British Banking Association (BBA) for loans in ten currencies. Survey data from 16 largest banks are used to determine the rate. Every day in the morning, banks inform about the rates at which loans in foreign currency are provided. In this case, the four highest and four lowest rates are cut off, and the arithmetic average is calculated for the remaining eight. She becomes the rate of the day. The rate is calculated both for a day, that is, until 12:00 of the next business day, and for weeks, months and a year. Continue reading

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The world is changing rapidly. The political and economic situation of states is changing. Countries previously profitable for investment are now experiencing stagnation. And money loves silence and understandable game…

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Banks slip on their own cards
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Investments "from God" are the most sustainable
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