Offshore Banking – Fiction Vs Fact

FICTION: Offshore banking can’t be that good because they can’t really pay the high interest rates they offer. If they could really pay those rates then U.S. banks would try to be competitive and have the same interest rates.

FACT: Examine closely the financial statements of any U.S. Bank. You will see that their “gross” profits against customer deposits can range from 25% to 40% — but — they have laws written in stone to limit the interest amount they can pay customers on their deposits. The U.S. banks place their earnings into unnecessary frills and non-productive expenditures like fancy buildings etc., while offshore banking facilities don’t do this and share their profits with their customers.

FICTION: Offshore banking isn’t regulated, so you are at risk of losing all money deposited with them.

FACT: The truth is that every country in the free world has regulations, rules and laws governing financial institutions and banks. Those regulations, rules, and laws, however, are much less restrictive than the “protectionist” U.S. banking regulations, rules, and laws and allow the offshore banking industry better opportunity to earn much greater profits for their investors and depositors.

FICTION: Offshore banking facilities are not insured by the F.D.I.C.

FACT: Some of the banks are but not that many. If they are, they must comply with the same protectionist banking regulations and rules as all the other F.D.I.C. insured banks. But, the majority of offshore banking facilities are insured; one way or another.

Depositor insurance programs similar to the F.D.I.C. program have been established in some countries, so that the banks in those countries have their deposits insured. Independent insurance companies insure the deposits of offshore banking facilities in other countries AND unlike the F.D.I.C., insure 100% of the banks deposits; not just those under $100,000. (By the way, some of the banks in the U.S. insure their deposits with independent insurance companies and many banks in the U.S. are not F.D.I.C. insured)

Offshore banking is “self-insured” for the most part which means those banks have a liquidity factor equal to 100% (or more) of the deposits on the books. Those banks have $1 (or more) in liquid assets for every $1 held on deposit. Therefore, there is no bank run because they can cover any depositor demand.

Self-insured offshore banking is actually more secure than F.D.I.C. insured U.S. banking. Why? Because the F.D.I.C. insured U.S. banks are permitted to maintain a liquidity factor equivalent to approximately 10 percent of their public deposits. (Is it any wonder why more U.S. banks fail each year than in any other country?)

Which kind of bank would you feel more safe having your money in? An offshore banking institution which as one dollar in cash for every dollar on deposit, or a U.S. bank which as ten cents in cash for every dollar that shows up on the deposit statement they give their clients?

FICTION: Offshore banking isn’t as big or strong as U.S. banking.

FACT: Of the strongest and largest big banks in the world (in assets), one bank ONLY is located in the United States:

Here are the safest offshore banks in the world, according to a ranking done in 2007 after examining their total assets in US dollars. This ranking is compiled from balance sheet information included on AllBanks.org

1 UBS AG Switzerland 2 Barclays UK 3 The Royal Bank of Scotland Group UK 4 Deutsche Bank AG Germany 5 BNP Paribas SA France 6 The Bank of Tokyo-Mitsubishi UFJ Ltd Japan 7 ABN AMRO Holding NV Netherlands 8 Societe Generale France 9 Credit Agricole SA France 10 Bank of America NA USA

2008/2009 UPDATE AFTER THE FINANCIAL COLLAPSE OF 2008

Germany’s largest bank, Deutsche Bank AG, reported a fourth quarter loss of about $6.3 billion. A year earlier, the bank posted a profit of about $1.3 billion (1 billion euros), Bloomberg reported.

Royal Bank of Scotland is expected to post losses of as high as £1.7 billion.

Bucking the trend is a bank not even on the list above and that bank is Standard Chartered bank which is expecting to post profits of 1.3 billion pounds. I have a contact who can help you open an account at this bank for your company if you desire to do so. The account would be in Hong Kong.

Another bank I know about is rated AAA by an independent rating service and if you are not from the U.S. or if you are from the U.S. and have a foreign LLC or IBC to open the account with then you can deposit $15,000 and get involved in their borrow low and deposit high program which has earned depositors as much as 100% per year on their deposit. It is easy to open an account there.

FICTION: Offshore banking must not be very good, or more facilities would advertise their services in newspapers and magazines in the U.S.

FACT: Offshore banking in general is restricted by law from advertising in magazines, newspapers, radio and on T.V. unless they come under the same protectionist rules and regulations that are placed upon U.S. banks. Knowing that, you should be cautious about doing business with any offshore banking facility that publicly advertises in the U.S. media. Because you can be very sure that they have sold-out to the U.S. banking establishment and that establishment will end up selling you out to those who make the rules.

FICTION: Offshore banking is only for the wealthy.

FACT: About 25 years ago, that may have been true. But I know of about three offshore banking facilities that will allow you to open an account for as little as $500. One of these is in the Asia, another in Europe, and another in Latin America.

FICTION: Opening an account at an offshore banking facility is too difficult, and it is very difficult to get a withdrawal when you need it.

FACT: Opening an account at an offshore banking facility is easy because you just follow the instructions they give to you. Getting your money out only requires a request that you fax or email with an attachment included.

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Why Aren’t As Bad As You Think

sell my house: Hints for Narrowing to a Deal

Based on the encounters which people have had when they sell their homes, it has been revealed that it is not an easy one. It is a wise decision to coordinate with a realtor when you are thinking of converting your property into cash. Most of the articles with titles corresponding to ‘sell my house’ ought to be reviewed and the process of choosing a perfect realtor evaluated carefully during the process. The possibility of becoming stressed up as you work out the process of converting your house to cash based on these recommendations, you ought to expect friendlier outcomes. Before you speak out to anyone on anything related to selling my house, read this article for the best ways for briefs.

To sell my house with a lot of ease; I will first need to come up with prices that make sense and are real. Here you will have to accept that the market may not match with your offer and the best means to tackle this will be to make a decision on what to charge based on both the market driving factors and the worth of your house. The house buyers will not let you down since what they will give is something that you will have expected in case you will have taken your time to look at the possibilities before coming out to state that ‘I want to sell my house.’ Potential buyers will give offers that are lower than what you will ask for, and if you have rated your home correct, you will find it easy to draw them for negotiation to close the sell my house exercise.

It will be necessary to enhance friendliness with the house buyers during all the processes that relate to selling my house. Something that you will have to avoid when you liquidate your home is becoming emotional. You ought to be prepared to face those who will be giving too little and those who will joke with you as you figure out a way to find the best deal for your house. An advice for the best outcomes out of the sell my house task is not to take things so personally. As much as possible, you will need to avoid standoffs with the homebuyers who give laughable offers.

You will need to be certain that you want to accomplish your goals and therefore confidence with the process of liquidating your house. The defining qualities that will make this process a success includes willingness and readiness to bend the terms and the offers made and thinking out of the box. A strategy will be required when you are handling that homebuyer who is insisting on giving less than the value of your house without insulting or acting rudely.

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Gains of Air Quality Testing In NYC

There are chances that you will want to spend most of the time indoors during the cold weather. It is for this cause that you cannot afford to stay in a house whose air quality is poor since you might have some health issues. For instance, you can get flu when you breathe air that has some dust and other contaminants. Air quality testing is not a walk in the park assignment, even if there are tons of information on how to do it available on the internet. The most informed choice is working with an indoor air quality testing firm since you can be sure that they will handle the assignment correctly. The article looks at the gains of air quality testing in NYC.

Contaminated air can be quite challenging to breathe in more so when it has some dust and mold particles in it. At times you can have some allergies when you breathe in low-quality air in your house. The air quality testing experts will ensure that the air in your home is safe for you to breathe so that you will not have any respiratory issues. It means that you can rest ascertained about your health safety when you work with the experts for indoor air quality testing.

You cannot speak about the indoor air pollutants without mentioning mold since it is a significant contributor to contamination. Mold can develop in the bathroom and cellars where it can spread to other parts of the house that have some moisture. You might start having some skin rashes, nasal stiffness, and even wheezing when you have mold in your home. Working with an air quality testing professional will help you in identifying whether you have mold in your house and how to remove it. The specialists can even advise you on how you can prevent the mold from growing again in your home.

Insects, rats, and cockroaches are some of the things that most homeowners have to deal with all the time. The droppings from these creatures can be dangerous for indoor air quality. Conducting an indoor air quality test will help you in knowing how such animals are polluting the air quality and how to deal with them. The move can guarantee you that you will not worry about have some health issues because of the creatures available in your house.

Lung cancer or any other type of cancer can be deadly more so when it is left untreated for an extended duration. Treating cancer can require a lot of money, not forgetting that the patient might have substantial stress during the process. The best thing is trying to prevent cancer so that you will not have any issues in the future. Breathing in asbestos fibers has been known to cause mesothelioma and lung cancer, which means you are at risk if your home is constructed from asbestos. The specialists will assist you in checking if your house contains asbestos and secure ways of eliminating it.

Where To Start with and More

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3 Tips from Someone With Experience

Benefits of Selling Your Car for Cash

Buying a car for either your business or personal use is a good move in life. It becomes easy for you to go to other sites once you own a car. Once you have stayed with the vehicle for an extended period, the urge to buy a new one starts to creepy in. When you decide to sell the old car and buy a new one, there are different options you can select from. Before selling the vehicle, you must conduct an inspection. As the car owner, you might consider using a car dealer to act as an intermediary when selling the car. With their connections, they can find a potential buyer for your car so as who buys non running cars with no time. To the owner, there is not much to enjoy from using a middle man for the transaction.

After the sale, you shall not pocket the full amount for sale. The main reason is that you shall be required to pay the middleman for their services. One benefit of selling the car on your own for cash is that; you get to keep the total amount. With selling vehicles for money, there is no discrimination to whether you want to sell junk car, the benefits are still the same. The unbelievably surprising factor is that, you can sell your car regardless of the condition that it’s in currently. Unbelievably, we buy wrecked cars from original car owners for car or other options that you might prefer. In case you meet an individual that wants to buy your car for cash without intermediaries, it’s a good idea if you take their offer. With this move, you have the chance to get good deals for sale you are about to make. In most cases, cash for junk cars applies to where the car is either rare, or it’s still in the perfect state either the engine or body.

If your car is not either rare or in good condition, you might choose to sell junk a car dealers that buy damaged cars. In most cases, people who purchase non-running vehicles, they end up tearing the car apart and selling it as spear parts. The reason as to why you need to sell and get fast cash for cars. Ready junk car buyers can provide you with the amount you want for your car. Another benefit about selling your car for cash is that, you shall not be put up too lengthy legal proceedings by the buyer before they can complete the purchase. When you require selling my junk car, the buyer is only required to conduct an inspection and then negotiate on the price. If you want fast cash for your cars, and save on money used for repairs, you can decide to sell your junk car for cash.

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