Methods To Get You On The Right Financial Track

Posted on December 15, 2018January 3, 2019  Leave a comment on Methods To Get You On The Right Financial Track

Managing personal financial can seem like an ascending struggle, though when we follow these elementary tips, we will fast find that it has turn most easier to get your finances in order. Here is some good information that will learn we a tips and tricks indispensable to assistance we out.

When trade your pairs, do yourself a preference and usually trade one or dual banking pairs. The some-more we have, a harder it is to keep adult with all a times that we should trade them. By focusing on only a couple, we can effectively turn wakeful of their trends and when to make a trade to make a profit.

Take a demeanour online and see what a normal income is for your contention and area. If we aren’t creation as most income as we should be cruise seeking for a lift if we have been with a association for a year or more. The some-more we make a improved your finances will be.

Keep your home’s estimation in mind when your initial skill taxation check comes out. Look during it closely. If your taxation check is assessing your home to be significantly some-more afterwards what your home appraised for, we should be means to seductiveness your bill. This could save we utterly a bit of money.

One of a ways that we can save income to urge your financial station is to close off a automobile when we are parked. Keeping your automobile regulating could rubbish gas, that rises in cost each singular day. Shut your automobile off any time that we can to save additional cash.

Pay off your high seductiveness debts before saving. If we are saving in an comment that pays 5%, though owe income on a label that charges 10%, we are losing income by not profitable off that debt. Make it a priority to compensate your high seductiveness cards off and afterwards stop regulating them. Saving will turn easier and some-more profitable as well.

Offering ones services as a piano clergyman can mostly be a good approach for one to benefit some income for ones personal finances. Clients can be done of people all ages and one can mostly work out of home supposing they have a piano. Apart from being a good benefit to finances it will assistance one use their possess talent for piano during a same time.

Even if you’re clever with money, we can run into astonishing financial issues. Find out what late fees are charged, and how late we can compensate your franchise but removing into critical trouble. Make certain we know all of your options before we pointer a lease.

Now that we have schooled how these elementary tips and tricks can assistance we to attain with your personal financial situation, take a impulse to simulate on a profitable information. We are certain that we will immediately find unsentimental applications for these illusory tips. They will really assistance we to turn some-more successful and capacitate we to improved bill your personal finances.


Posted on December 15, 2018January 3, 2019  Leave a comment on For-How-Long-Can-Crude-Oil-Prices-Continue-To-Rally-Like-This

When looking during a pivotal total for a oil and gas attention this week, we see that oil prices reason their belligerent in a midst $40’s while a U.S. supply count continues to plunge.

Chart of a Week

• The tumble of a supply count and vexed drilling activity has already knocked about 700,000 barrels per day of oil prolongation offline.
• But a supply count could bottom out this year and start climbing again. However, a EIA doesn’t design oil prolongation to arise in a brief run even if a supply count rebounds. Oil prolongation is approaching to continue to tumble by 2017 as too few new wells come online to reinstate fast descending shale output.
• Total U.S. oil prolongation is approaching to tumble from 9.43 mb/d in 2015 to 8.04 mb/d in 2017, a figure that includes rising outlay from a Gulf of Mexico.

Market Movers

• The Canadian supervision is deliberation charity exemptions to a anathema on oil tankers on a northern seashore of British Columbia. If that occurs, it could offer Enbridge’s (NYSE: ENB) Northern Gateway tube another possibility to pierce forward. Separately, Quebec dangling a ask for an claim against Trans Canada’s (NYSE: TRP) Energy East tube after a association concluded to an environmental impact study.
• Halliburton (NYSE: HAL) behind a gain call a week, pulling it behind to May 3. Analysts trust that a pierce suggests that a partnership with Baker Hughes (NYSE: BHI) is “likely dead.”
• Pioneer Natural Resources (NYSE: PXD) reported a $267 million net detriment for a initial quarter, somewhat violence estimates. Pioneer’s daily prolongation also increased 3 percent quarter-on-quarter.

Tuesday Apr 26, 2016

Oil prices have bounced around a bit after final week though have hold some-more or reduction in a operation of $43 per tub for WTI and $45 for Brent. The cost gains over a past few weeks come as a fundamentals have improved. At a same time, if a convene runs out of steam, speculators could money out, holding their increase by liquidating their prolonged bets. That could hint a cost correction, pulling oil prices behind down a bit. Keep an eye on a arriving information releases in a Friday newsletter for some-more direction.

BP announces 1st entertain results. BP (NYSE: BP) posted a distinction of $532 million for a quarter, that kick analysts’ estimates of a $140 million loss. That outcome excludes charges associated to a Deep water Horizon disaster – $917 million in pre-tax charges, that when included, flips a quarterly series to a $485 million loss. BP posted a second uninterrupted loss, and even when incompatible a Deepwater Horizon charge, a distinction was down about $2 billion from a year ago. Net debt increasing to $30 billion. Still, investors are heartened by a better-than-expected result, and BP’s share cost surged 4 percent on a news. Crucially, a association pronounced that it has lowered a breakeven oil cost to about $50-$55 per barrel, down from a prior aim of $60. The initial entertain formula are being closely watched as they simulate a misfortune of a oil cost downturn.

Middle East mislaid $390 billion in 2015. The IMF expelled a news that found that a vital oil exporting countries in a Middle East missed out on $390 billion in mislaid oil income in 2015 since of low prices, a figure that will arise to $500 billion this year. The vast hole in a budgets for Middle Eastern governments means that expansion will be delayed as purgation bites. GDP expansion for a Gulf Cooperation Council – that consists of Saudi Arabia, Kuwait, Qatar, Bahrain, Oman, and a UAE – will tumble to 1.8 percent this year, down from 3.3 percent in 2015. The IMF called for obscure appetite subsidies and shortening a footprint of a state in a economies of a GCC countries. An estimated 10 million immature people will enter a workforce in a GCC countries before a finish of a decade, though a countries are usually on lane to emanate 7 million jobs, withdrawal 3 million unemployed.

Saudi Arabia unveils skeleton to variegate economy. The Saudi supervision expelled a plans to variegate a economy over a subsequent decade and a half. The devise calls for lifting non-oil income by a multiple of taxes and investments, and pleat appetite subsidies and slicing spending. The devise also calls for a prejudiced IPO of state-owned Saudi Aramco, spinning off resources that a supervision says could be value $2 trillion. Over a long-term, a Saudis wish to revoke coherence on oil to account their government.

China bans new spark plants in some areas. The Chinese supervision announced a anathema on new coal-fired energy plants in regions that already have a over-abundance of electricity capacity. The pierce is dictated to residence China’s problem of additional ability that mostly goes unused, and during a same time moment down on atmosphere pollution. The preference could serve drag down general spark markets, pulling down prices and putting spark producers in a deeper bind. China is a largest consumer of spark in a universe though in a intolerable spin of events, it has managed to diminution a spark expenditure in a past dual years.

EPA revises methane emissions information upwards. The Obama administration is looking to umpire methane emissions from a oil and gas industry, and a EPA released new information display that methane emissions could have been most aloft than formerly thought. The pierce will accelerate a administration’s evidence for regulation.

Constitution Pipeline blocked. A healthy gas tube that would bond Pennsylvania shale gas to a northeast U.S. was blocked by a state of New York. The Constitution Pipeline – due by Cabot Oil Gas (NYSE: COG),Williams Partners (NYSE: WPZ), and Piedmont Natural Gas Company (NYSE: PNY)– was controversial, though would have supposing inexpensive healthy gas to New England. The developers have vowed to quarrel behind opposite a state’s decision, arguing that it was politically motivated. Reuters reports that a delays of this pipeline, along with others, could pull adult healthy gas prices in a northeast since vast volumes of healthy gas in a Marcellus shale could be trapped. With a inability to send gas out of a region, prolongation could decline. “The continual fibre of regulatory highway bumps plaguing tube projects slated to den by a Empire State supplement another covering of bullishness to 2017 gas sentiment,” Raymond James analysts said. But with such high levels of healthy gas sitting in storage, inventories will need have to come down a bit. Price increases could be localized to a northeast.

Libya’s eastern supervision set to trade oil. Libya has been ripped detached by instability and rivaling domestic factions, and one of a largest flashpoints is a quarrel for a control of a country’s oil. By law Libya’s oil exports have been underneath a reach of a inhabitant oil company, formed in Tripoli in a west. However, a eastern supervision is staid to trade oil for a initial time with a newly setup oil association of a own, a pierce that could intensify domestic tension, derail a settlement routine while also providing a eastern supervision with a money infusion. The East has attempted to trade oil for some time, though has struggled to find peaceful buyers due to a intensity authorised fallout for a purchasers.

Further Surge in Silver and Gold will kill Commercial Traders Surge in Silver and Gold will kill Commercial Traders

Posted on December 15, 2018January 3, 2019  Leave a comment on Further Surge in Silver and Gold will kill Commercial Traders Surge in Silver and Gold will kill Commercial Traders

The cost fireworks over a Jul 4 holiday, utterly in silver, were met with an escape of reason and renewed interest. Not customarily have changed metals prices soared to levels not seen in a integrate of years, it’s tough for me to remember a time with some-more submit from conflicting voices. It’s also tough to trust that it was customarily 6 months ago that bullion and china were sealed in scarcely a conflicting situation. So a apparent questions are what happened and, some-more importantly, what is expected to start from here?I continue to trust that a categorical cost motorist for bullion and china was a ancestral positioning changes in COMEX futures over a past 6 months. Year to date, a now $300+ convene in bullion and $6+ convene in silver, were driven by some-more than 30 million oz of paper bullion and 325 million oz of paper china on a COMEX, bought predominantly by managed income technical supports and sole by commercials (mostly banks).

In addition, a cost convene in gold, in particular, set off poignant shopping in ETFs and other investment vehicles in that immeasurable amounts of earthy bullion were purchased and deposited. In 6 months, scarcely 20 million oz of earthy bullion were deposited into ETFs and COMEX warehouses (11 million oz in GLD alone), serve cementing a bullion rally. In dollar terms, that comes to $25 billion. The earthy flows into china have been many smaller in dollar terms as reduction than $1 billion value of china (40 million oz) has been deposited in china ETFs, nonetheless there are new signs that might be changing.

The squeeze of so many earthy bullion has apparently thwarted a common outcome of an intensely bearish COT marketplace structure causing a immeasurable cost selloff, or during slightest so far. Physical steel direct is distinct since it is nearby unfit to erect a elemental bear box for bullion or silver. we don’t consider many would remonstrate over what occurred these past 6 months, namely, ancestral COMEX positioning, joined with immeasurable earthy shopping in bullion ETFs. Now what?In considering what occurs next, it comes down to will a blurb traders attain in branch cost reduce and triggering off technical account offered on a COMEX and, during a same time, cold off ETF direct for earthy metal? Up until really recently, story adored a commercials next for a elementary reason that they had never lost. Stated differently, a commercials as a whole and utterly a largest blurb traders had never been forced to buy behind brief contracts in COMEX bullion and china on rising prices.

I’ve attempted to impersonate a business in black and white terms in that possibly a commercials would overcome as common and expostulate prices reduce or  would destroy for a really initial time. The probability for disaster was predicated on a scarcely immeasurable financial risk a commercials had found themselves in as a outcome of historically immeasurable and strong brief positions in COMEX bullion and silver. Further, a probability of blurb disaster was protracted by a intensity double cranky by JPMorgan, that has amassed half a billion ounces of earthy china and maybe a immeasurable earthy bullion position as well.

To be fair, possibly outcome, a cost selloff or surge, contingency be deliberate possible, yet new developments have lifted a contingency of a blurb disaster in that prices surge, generally for silver. I’m still of a mind that we will go true adult or wiggle down one some-more time before afterwards relocating true up, yet it’s some-more critical to concentration on a contribution and sum and a logic behind a increasing contingency of something that has never happened before. It has to do with a income diversion on a COMEX.

Through yesterday (July 5), a commercials had never been this low ($2.1 billion) in a hole before in sum bullion and china losses; so in a truest clarity of a word, these waste are unprecedented. Since futures trade is a 0 sum game, definition that what a shorts lose, a longs benefit (and clamp versa), a open boost for a managed income technical supports longs have also never been larger.  These immeasurable open waste to a blurb shorts creates them both some-more exposed to serve waste and some-more unfortunate to spin prices down. Make no mistake – possibly a commercials attain or not is what will establish that approach bullion and china prices pierce in a evident future. Even if a commercials overcome nonetheless again, and that is distant from certain, a waves seems to be branch on a whole COMEX diversion that has existed for decades. we trust there are a series of factors indicating to changes in a common business of environment bullion and china prices.

For one thing, it’s tough to impersonate a stream impassioned set adult in COMEX marketplace structure as being deliberately assembled by a commercials in a stream form. After all, who would intentionally puncture themselves into a low hole a commercials find themselves in? What’s many rare about stream resources is that never in a past have bullion and china prices rallied strongly after ancestral blurb brief positions had been established. Yet, for a really initial time, prices have so rallied. It’s not probable a commercials dictated to be billions of dollars in a hole and a many trustworthy reason for since they are so low in a red is elementary miscalculation. And if a commercials have miscalculated to this point, that would seem to boost a contingency of continued miscalculation, heading to a sum disaster that we would interpretation as assertive brief covering on sharpening prices. we don’t consider anyone could interpretation that a commercials have a technical supports accurately where a commercials wish them to be. At this point, given a positions and altogether cost levels, a best a commercials could wish for would be to supply prices low adequate to replenish their large open waste and get out of this jam yet being decimated. It’s roughly unfit to suppose that a commercials deliberately put themselves in a $2 billion hole in sequence to measure billions of dollars of boost in a end.

Along those same lines, it doesn’t seem trustworthy that a unusual direct for earthy bullion in universe ETFs was entirely expected by a commercials. There was no evidence, for example, during a start of a year that a commercials reason immeasurable amounts of earthy bullion that they were seeking to unload. To a contrary, blurb net brief positions in COMEX bullion (and silver) were during impassioned lows. If a commercials were awaiting immeasurable earthy shopping in gold, they wouldn’t have rushed onto a brief side so early and aggressively. I trust a immeasurable and, largely, amazing direct for earthy bullion this year not customarily adds to a grounds of blurb miscalculation, yet binds special intensity stress for silver. As we indicated earlier, surging earthy ETF investment direct has mostly been cramped to gold, yet could and might be building in silver, formed on cost and volume patterns in china ETFs, including a largest, SLV.

It’s kind of conspicuous that $25 billion value of bullion has come into universe ETFs over a past 6 months, while reduction than a billion dollars’ value of earthy china has come into a world’s china ETFs. Not that bullion isn’t a incomparable market, yet there are other instances where a dollar direct for china comes tighten and infrequently exceeds a dollar direct for gold, like in sales of Eagles from a US Mint. While bullion did outperform china pricewise progressing in a year, some-more recently china has outpaced bullion in a opening department. we can’t assistance yet consider that if china is doing so good notwithstanding a miss of earthy direct compared to bullion this year, what a heck will china do when earthy investment direct kicks in, as is roughly certain during some point.

In fact, that’s always been a primary member for my investment box in china – a odds of a earthy shortage.  Now, some-more than ever, does a intensity for a earthy china necessity exist. And while we have been vacant during a apportion of earthy bullion that has flowed into a ETFs this year, to this indicate a miss of immeasurable deposits in SLV and other china ETFs leaves sum a probability that no immeasurable quantities of earthy china are accessible to a marketplace nearby stream prices.

Since it has been a while, let me outline a china necessity premise. First off, we am referring to a entrance necessity in a form of china that matters many – 1000 oz bars. Shortages in reserve of Silver Eagles or smaller bars of china have gotten to be rather of a unchanging eventuality over a past few years, yet do not directly impact a indiscriminate cost of silver. The indiscriminate cost of china is dynamic by 1000 oz bars, since they are a attention and investment standard.

Apparently ignored by many, is a small apportion of 1000 oz bars of china in existence. The whole universe supply of verifiable 1000 oz bars in existence (including ETF and COMEX inventories)  is usually underneath 900 million oz, to that we would supplement 500 or 600 million oz in unrecorded 1000 oz bars (of that we trust JPMorgan binds a majority). Let’s call it 1.5 billion oz, value around $30 billion, compared to famous bullion in all forms of 5.5 billion oz, value $7.5 trillion. In dollar terms, there is some-more than 250 times some-more bullion than china in a world. Common clarity would advise if there is going to be a shortage, it would expected start in a commodity where inventories are tiny to start with.

But like many investment assets, including gold, really small of what exists is truly accessible for sale during any indicate in time. That’s since comparatively few sellers exist during any time in any item or investment, customarily amounting to no some-more than 5% or 10% of a sum of any item and infrequently many less. In silver, a 1.5 billion oz in a form of 1000 oz bars, substantially has an tangible accessibility of no some-more than 100 million oz. In other words, no some-more than $2 billion value of china could be bought during any time (say over a month or so). we conspicuous progressing that reduction than $1 billion of china in 1000 oz bar form had been bought by ETFs over a past 6 months.

But we live in an investment epoch when many billions of dollars could upsurge or change instruction during any time, roughly instantly. Should a smallest volume of income get destined towards silver, contend 10% of what flowed into bullion ETFs over a past 6 months or $2 billion, it would expected catch and surpass a volume of steel available. In serve to promulgation prices higher, conspicuous investment direct would interrupt a whole china supply sequence and lead to a “doomsday” outcome in china – an industrial user register shopping panic. It would work like this. Investment direct for 1000 oz bars of silver, possibly by ETF direct or COMEX deliveries, triggered by aloft prices (silver is adult some-more than any other commodity or item this year), triggers serve investment shopping until a supply of accessible 1000 oz bars are temporarily exhausted. But since 90% of china direct is earmarked to industrial or sum phony demand, a investment shopping swell will outcome in flourishing delays in smoothness of 1000 oz bars to users. This will means those users denied timely smoothness to act like any industrial consumer when faced with a necessity of any critical commodity, namely, to not customarily buy, yet buy some-more than usual, adding to a earthy shortage.

Certainly, unchanging readers know we have reason this industrial user shopping panic grounds from a commencement and while we came tighten to earthy necessity in early 2011, my grounds has nonetheless to entirely blossom. Not customarily do we see my grounds personification out, we trust a initial stage, investment buying, might have begun or, during a minimum, is set to begin, formed on new shopping in SLV. The repeated picture in my mind is that a entrance china user shopping panic is like a good white shark sneaking usually off a beach. It doesn’t matter until we cranky a path, yet when, not if, investment shopping depletes a accessible supply of 1000 oz bars, industrial users will punch a china marketplace like never seen. In fact, this is a categorical disproportion between bullion and silver. Gold is not an industrial commodity. Because china is an industrial commodity, both universe inventories and stream prolongation have been and are reduced by industrial demand. Very few commend usually how many this has depleted universe china inventories and accessible stream production. World china inventories are down some-more than 90% from 75 years ago and customarily 10% (100 million oz) are accessible from stream prolongation for investment in 1000 oz bars. It will take many aloft prices to change supply once investment and user direct kicks in. This is a box for $100 and aloft silver. Not a finish of a universe as we know it, usually a ignition of investment direct and user register buying.

That’s what creates a stream set adult so intriguing and dramatic. At precisely a same time 8 commercials have never been brief so many china on a COMEX (nearly 500 million oz), aloft prices have put those traders some-more deeply underwater (in multiple with gold) than ever, while those same rising prices bluster to light an investment stampede. It’s as if one were deliberately chumming a waters off seaside to excite a good white shark of user register buying.

Even some-more overwhelming is a speed in that a blurb waste developed. Only 5 weeks ago, a commercials were net-net forward for a year by around $1.5 billion, definition there has been a turnaround in a common blurb position in COMEX bullion and china of tighten to $4 billion. These are immeasurable numbers in any event, yet when we discharge a turnaround and allot waste by a tangible series of blurb traders holding brief positions, a numbers spin utterly dramatic. COT information indicates customarily 8 traders reason a whole blurb net brief position in china (nearly 500 million oz) and 8 traders in COMEX bullion reason 86% (28 million oz) of a 33 million oz sum blurb record net brief position. The $4 billion turnaround in blurb financial formula over a past 5 weeks comes to many hundreds of millions of dollars per trader. Not all of a $4 billion common blurb disastrous turnaround indispensable to be deposited as additional margin, yet during slightest half did.

I’ve private JPMorgan from my calculations of ongoing blurb losses, as we trust a bank binds so many earthy china and maybe adequate bullion to equivalent waste on COMEX brief positions. Here’s an engaging suspicion – during stream china prices, JPMorgan is now tighten to even on a 500 million oz of earthy china we explain that it started shopping 5 years ago and above $30 an ounce. Previously, we distributed that JPM had an normal cost of around $20 an unit and we consider we remember dismissing concerns that a bank might be underwater by as many as $6 per unit or $3 billion behind when china traded during $14.  Perhaps a genuine doctrine is that if an normal cost of $20 is good adequate for JPMorgan, it should be good adequate for anyone. The resources surrounding JPMorgan are really many conflicting from that of a other commercials. Because JPM binds so many earthy metal, it is defence from repairs to a upside. That can’t be pronounced of a other commercials who seem to be holding it in a teeth. And, of course, it is a disproportion during a core of a double cranky premise. Should JPMorgan not join in with a other commercials as brief sellers of final resort, it’s tough for me to see how a blurb brief offered fraud in COMEX china and bullion doesn’t unwind.

Considering a cost sensitivity in silver, I’m astounded that a CME hasn’t lifted domain mandate yet. we consider we know since a CME hasn’t lifted china margins and that’s since as prices are rising (as has been a box in silver) any boost in domain mandate hurts a shorts and not a longs. That’s since longs distinction as prices arise and china has risen adequate that longs have adequate open distinction to accommodate any additional domain mandate yet carrying to deposition additional funds. Those same rising prices have been causing a shorts to come adult with additional domain on a daily basement and any boost in sell domain mandate would force a shorts to put adult even more.  Since a blurb shorts are of some-more regard to a CME than a longs, a sell has dragged a heels in lifting margins.

What a crooks during a CME cite to do is to wait for a spin in prices reduce and afterwards lift margins so that a shorts can use building equity from descending prices to cover any boost in posted margins and a longs are a ones who have to come adult with some-more income and not a shorts. It’s an aged unwashed pretence final employed in a good china pound down of May 2011. The conspicuous underline is that a CME hasn’t been means to occupy this pretence nonetheless since china prices hadn’t done a spin down by today’s close. But design these crooks to do so as shortly as they can.

Price Fixing

Posted on December 15, 2018December 29, 2018  Leave a comment on Price Fixing

We are living in the world where everyone is fighting for survival and for other people it doesn’t matter anymore whether they make money out of other people’s blood or sweat. The most culprits in this issue are not ordinary individual but are the most legitimate registered businesses that seem so greedy for more power and wealth.

To those who benefited from price fixing they might blame me for writing this article but for those innocent people out there they might support me should they find out how cruel the world is to them, there are a lot of things and foul play that happen behind the back of individual consumers, “Price Fixing” is one of this cruelty.


For those who are not familiar with the term (Price Fixing) – it is the term used to identify two or more individual, companies or other market participants who offer the same product who engage themselves into an agreement to buy or sell the product at a certain fixed price so that they are able to control the supply and demand of those particular product or service they offer for sale.


Individual and companies who offer the same product agree to push the price up or low but in most cases the price is set as high as possible  for them to maintain or achieve their greedy goals. In this instance everyone who uses those product or service will be forced to buy them very expensive without even knowing and understanding what is the reason of the price going so abnormal, however since they have no choice they are forced to buy the product or a service.


Most people who will suffer in this price fixing issue are final consumers or end users. I have seen an issue of about 4 huge different South African banks which I will not mentioned here to protect their identity and maintain safety for everyone. These Banks conspired and came into agreement for buying and selling (currencies) at the fixed price; this affected a lot of people and other Forex traders, meaning these huge Banks traded against individual traders.

There are those innocent people who have worked so hard to get money to trade, some requested loans while others were using their life savings to trade, these people were found as the most victims of this price fixing issues however no one stood on their site of story, the government protected this banks without recognizing the main victims. This Banks were fined about 10 % by the government, OK it is fair enough for them to be fined! What about the innocent people who lost trillions of their investments?

Necessity products or services are the most products that force people to buy them even if the price is higher or abnormal; meaning with this system the poor become poorer and the rich becomes richer.  People are forced to live an expensive life just to maintain the standard of living, it is better for those who can afford and where does these leaves those who do not afford?


Not at all – you can see by yourself that this is inhumane and it is most oppressing the poor while the most fat cats continue to eat with a diamond spoon. Price fixing is illegal in most countries and it is considered cheating, there is lot of cheating that is going behind consumers back and it has left many people so helpless without even knowing where to go and report cases like this.


Assume this: These shops are the only shops in Soshanguve ,  Pretoria selling school shoes.

  • SHOP A sells a pair of school shoes at the price of R 1000
  • SHOP B sells a pair of school shoes at the price of R 1100
  • SHOP C sells a pair school shoes at the price of R 1300
  • This shops propose a meeting to discuss their business, they final come out with a final price to charge their customers a price of R2000 for a pair of school shoes. This shops start to sell their school shoes at this price, since customers have no choice, they have nowhere to buy school shoes, so they are forced to buy this shoes or else their children will be forced not to go to school.Customers will continue buying because they don’t know anything about the market prices and those who don’t have enough money they are pushed to go to banks to ask for loans in order to purchase these shoes to make sure that their children remain at school.