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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The Technology Service Providers To Work With

Through technology, we have seen so many people open up and run successful businesses. We now have IT solutions that have contributed a lot in helping people get to realize what their ideas are capable of and how much they can stretch their resources. Not all companies are in a position to have their own It employees and these is where IT services providers come in. This has led to the growth id IT companies. We have people that have specialized in business technology that you can partner with to be able to run your company using the innovation available. Not all companies can provide you with quality services and that is why you should not settle for any organization.

You need to work with companies that will present to you the latest software and hardware materials that are being used to grow companies. Every service provider that you work with should not be ragging behind on the latest technologies in the market. If you are able to make use of the latest technologies as soon as they get into the market you will always be miles ahead of other organizations in your sector. Data storage is one of the things that limit people and so you will need a company that have good storage solutions. You will realize that most firms struggle to find the best data storage solution and that is why these IT service providers should have the capacity to keep your data safe. There have been cases where organization have made huge losses after their information got exposed. The IT support firms need the best network and so that is also one of the things that you have to look. They should be able to support all your technological business operations.

It is the role of your service provider to help you make the right decision on the systems to incorporate in your company. Every business model has software that can be used for better management. You can use these solutions to oversee branches of your company in different locations. The IT services will help keep track of your business inflows and outflows. Any systems that is introduced in your company should help to reduce cost and increase profits.

The best thing is to work with the organizations that invest in the newest IT innovations. You will not have cases of poor quality services if the company that you are working have invested in professional employees. Go for those companies that are able to offer services to different industries. For instance those in healthcare industries will need IT services that are specially made for such kind of institutions and so they should find companies that have it. You can choose to work with qualified companies such as Virtual Data Works that have all the answers to your IT Questions.

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Tips to be Followed When Buying Adapted Books

Different people have different hobbies. One of the hobbies that is loved by a lot of people is reading books. It is important to choose the right book to read when you decide to read. However, there are some people such as children who need special types of book for them to be motivated when reading. You can go for adapted books if you are buying a book for your child. The name given to a book that has been modified in a particular way is an adapted book. Picture symbols, simple text, braille and some tactile elements may be contained in an adapted book.

For a child, reading an adapted book is easier than reading a normal book. When a child is using an adapted book, he or she will concentrate on reading than when he or she is using a normal book. Adapted books can be used by people with disabilities such as the blind people. When you decide to go for the option of adapted books, you need to buy the best. There are a lot of adapted books that are on the market nowadays so choosing the best one is not easy. For a good adapted book to be chosen, a number of factors need to be considered. Consider the factors discussed in this article when buying adapted books.

Consider the seller of an adapted book when buying one. Adapted books are sold by a lot of people. You need to choose a good bookseller for you to get a good adapted book. A number of difficulties are experienced when differentiating which adapted bookseller is good and which one is bad. For a good adapted bookseller to be chosen, a number of factors need to be considered. Some of these factors include reputation, the experience of a person and licensing. Buy an adapted book from a seller who has a good reputation and has been selling adapted books for a long time. Also, the bookseller to be chosen should be licensed.

Different adapted books are sold at different prices. The prices of some adapted books are higher than the price of others. The prices differ according to the seller, size and the book subject. You need to buy an adapted book that is sold at an affordable price. Also, buy adapted books from a seller who sells them at affordable prices.

Consider if an adapted book is new or used. The prices of used adapted books are lower than the prices of new adapted books. Buy used adapted books if you are working on a tight budget. Used adapted books that are in good condition are the best.Above are some of the factors to consider when buying adapted books.

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