MULTIPLE CREDIT CARDS HELPS

Inflations is eating away much of your monthly salary check. All the bills, like grocery, garments, launderer`s, conveyance and every other thing are north bound. Every other day they are going high. For you and me, the earning remains same, for many like us there is no scope to increase it . The pensioners, the elderly people who runs on meager pension and interest on their fixed deposit with banks are suffering the most. No immediate sigh is visible for restoration of price stability. Though the economists are forecasting that in the next year, provided the monsoon is good, the inflation is likely to be controlled. Let us hope so. By this time let us see how with multiple credit cards you can meet the cash crunch. Off course, for that there should not be any interest burden.

Most of the credit cards companies offer the balance transfer facilities from other credit cards these days. Having multiple credit cards and using them wisely may help you to meet sudden expenditure and enjoy interest free credit for few months. You know, for the credit cards there is statement date. That is fixed. Look for the statement date for all your credit cards and note them. Suppose the stamen date of a credit card is 20th of every month, then make sure to buy things on 21st. Because, it will be billed on next 20th and that will be payable on 11th of next to next month. That means buying something on 21st January, is payable on 11th March of the same year, this way you get the interest free credit for 51 days for the first card. Instead of clearing the bill on the due date, with another card, you can transfer the due amount to your 2nd card, thus saving the interest on the first card. For doing so, you may need to pay 5% or minimum amount due of the dues, and that is with no interest, to the 2nd card. Then again you can enjoy the interest free credit for 51 days. But this can not be endless, only thing with number of card you prolong your repayment program by few months.

Mind you , it is always better to the credit card due in one go, because paying them installments will entail you to pay anything between 36-46% p.a interest. You must take care oF your credits, that you should not fall in a debt trap. In case you find the problem for repayment in one go, then convert your credit card dues into bank loans. They charge interest @15% p.a, that is far more bearable.

The Alternative Fuel

As if it is a natural judgment! The industrial revolution, that started way back in late eighteenth or early ninetieth century and delivered a hordes of inventions to mankind for better living, have been exploiting the nature all along. See; the steam engine could initially not run without the fire woods, later coal. With the invention of automobile, exploitation of nature further increased by way of fossil oil pumping out of underground. Gradually the whole world has become dependent onfuel so much so, that without it the world is not even imaginable! The usage of burning woods and coal found exit to some extent because of electricity. But again for power generation, if not a hydel power generation system, then again to generate electricity fossil fuel or coal is needed. Off late, solar power or wind power generation system is gaining popularity with many countries where nature permits them. In India, wind power is being generated along it`s southern coastal provinces by a corporate. But despite much is yet to be done and there are vast scopes for such generation remains unexploited. The government should offer special benefits to attract more and more players in this field. Same is applicable of solar energy exploitation. Little is done in this regards. In remote areas as in deltas of the province of West Bengal, government agencies put up some small projects to light specially it`s tourist destinations with solar batteries. But that again is too meager to make any dent comparing to the vast source what still remains unexploited.
What is surprising, we all know that the fossil fuel is not going to last forever. The current skyrocketing of crude prices globally is an outcome of such fear that the fossil fuel is going to last not so long as foretold earlier by experts. May be or may not be this is a rumor but anyway this is not going to long, that is sure. Then why there is no major research undertaken to find out an alternative of fossil fuel? US spends trillions of dollars on space research through NASA; but too little for such research. Neither much breakthrough is visible to develop the battery operated automobile. Time and again some news paper reports that some car of such sorts is designed and developed, which are eco-friendly. They are run in city areas, as we find them in our Kolkata ( the one of the most populated metro city in India), plying between short distance. No efforts so far have been made to popularize the use of such vehicle by putting up proper chains of establishments for recharging of batteries all over the country. Even none of major car makers anywhere in the world seemingly taking interest to develop battery operated vehicle. Instead, despite of oil wells being dried up day by day, the major car manufacturers are vying with each other to grab the market share by rolling out new models every other day! This raises question, are their steps not suicidal? No government in the world have asked the car manufacturers to limit their production, knowing fully well that this will dry up the world of its fuel resources much early besides polluting it to the dangerous level.

Much impetus should be given to find out some kind of alternative of fossil fuel. Many say the future fuel is liquid hydrogen which will replace fossil fuel without replacing the existing auto engine. Developed and developing nations should take up projects to find an early solution to extract hydrogen in a commercially viable way. At the same time in the country like India, where sun light is available plenty almost throughout the year, the solar energy should be exploited maximum. Even law can be enacted in cities for the builders to have solar panel on the roof to generate electricity at the time of constructions of multistoried buildings. Electricity generation by wind mills must be made mandatory, where nature permits that for the industries. Actions such as these taken though late, may arrest the pollution of global environment, warming as well as address to the crisis cropped up due to oil price`s meteoric hike.

GOLD IS FOR EVER

Inflation is that when too much of money chases too little of things. The gap between demand and supply increases thus causes inflation. During inflation, what happens, you find the price is ever rising with no immediate sign of halt. It may continue for years some time. The flood, draught, or other natural calamities may act as an additive. These days, in the era of globalization it is practically impossible to insulate oneself (read here any country or nation) against global trend. Be it inflation or recession or deflation; when a major economy is struck by any one of them, it has to infect many other countries, whoever has trading relations with them. This is having a cascading affect as those countries would infect in turn others who are in dealings with them. So the chain continues. As this is evident at present, the fuel price hike by OPEC countries has affected developed, developing and poor countries simultaneously. This has triggered the food crisis surreptitiously. Strange is that, not so? In a fray to find some alternative of fossil fuel and at the same time cut down the ever increasing import bill on account fuel imports, many countries have been looking for bio-fuel. That has catapulted the food grain shortage due to lack of production. As much of the cultivable land were allocated for bio-fuel. Even President Bush blamed emerging Chinese and Indian middle class for their garrulous consumption. Ironically what his own countrymen are famous for. After all passing the blame on others to save own face for any wrong doings, is an old practice. He rightly chose that in most opportune moment as the campaign of American Presidential election is gaining tempo.

Well, history teaches us that such things come and go, it is matter of time. It was just after 2nd world war , inflation took a frenzy flight. The clashes of various “ism”s lasted for few decades, claiming each better than all other. At last the best is what God ever created i.e capitalism, all agree to it, though through different covert widows. The history shows us, that the riches and super riches survive to rule and the poor too survive to be ruled through any crisis , the world had ever faced. The big question is what about the middle class? The history of middle class is not too old, it is hardly 100 years or less. So their survival is not guaranteed by any historical evidence. They do not have much, but whatever they have they cannot survive without. God forbid, if the current trend of global recession, inflation continues for long, not too long the clan of middle class will sustain like many species which failed to prove themselves fittest for survival.

In the developing countries like India, the inflation rate has touched all time high in the last two decades. The value of paper money is eroding fast. The bank rate is lesser than the rate of inflation (which is currently 9% as per the Govt. release, but actually 80-90% for those whose major part of earning goes to grocers). Share market is uncertain in the present scenario; in the event of recent US crisis; Indian industries are likely go out of work, which are more dependent on US exports. Indian banking system is waiting for another sub-prime crisis of Indian version, for their over emphasis in disbursement of personal and housing loans for the past few years.

The economy going tumble tosser, the middle class, in the quest to protect their hard earned money of its value, better keep in mind what French President Da Gaulle said in 1965 : 'Indeed, there can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be shaped into ingots, bars, and coins, which has no nationality, and which is eternally and universally accepted as the unalterable fiduciary value par excellence.' Not that I suggest to go without bank account, or investment in stock or mutual funds but to focus the time tasted GOLD, which sans rusts or losing value.









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