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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Folding Chairs- Your Tips in Buying the Most Good Quality Chairs

There are ample of reasons why you should spend your money in folding chairs. Folding chairs are perfect to use in any events like parties, weddings, family gatherings and more.

In this article, you will learn some of the best tips that will help you find the right folding chairs to buy.

1. Look for a reliable retailer.

It is very important for you to understand that not all companies are the same. This would simply mean that some are selling high quality products compared to others. So, be sure to check the folding chairs they are selling and compare from one company to another to get the best one.

2. Take note that the grade matters.

Most of the folding chairs are used for certain events only. But, these chairs can also be a great use at home. If your folding chair is intended for regular use at home, then a chair with commercial grade is advisable since it is stronger.

3. Know the weight limit.

The chairs are not the same, some may be stronger than the others. The strength of the chairs will less likely be an issue if only children are to occupy it. Though, this will be a real issue when adults are to occupy it. For this reason, you have to find chairs that can bear the weight of big people.

4. Buy chairs with warranty.

Most of the folding chairs have warranty. This is something you need to take advantage of. According to the warranty, the retailer will be replacing or repairing your chair for free if damages happen. Although damages may less likely to happen, still the warranty can offer you benefits.

5. Find chairs that is very pleasant to look at.

In any event, the chair plays a very important role in making more interesting. Do not just pick any chairs out there, be sure that it will fit your event. With patience and enough research, you will sure find the right chair.

6. Look for easy fold-able chairs.

Folding chairs are basically made to be folded and stored at one place. This is perfect to those having limited space. But take note that some folding chairs are more easy to fold than the others. In order to know which one easily folds, then do compare each model.

7. Check reviews online.

If you want what’s best for you, then be sure to read reviews before purchasing an item. If you are knowledgeable on the experiences of other customers with the chairs helps you realize if it is the right pick or not.

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What to Look for When Selecting A Perfect Puppy

It is an exciting thing to have a puppy at home. They become a new member of your home who deserves love and care as well. It may be a highlight of the year that you have to do this, but you do not have any guideline to help you buy a perfect puppy. This article is here for such people like you.

To start with, you can always appreciate and wonder that all puppies are adorable. The disclaimer comes when you need to ask yourself if it is the best choice for you and your family. There are a lot of differences that come with puppies from different dog breeds, and that is why you need to be cautious of the source. You need to begin by understanding the variety of dog types and breeds and know which ones are most preferable than others and why that is so. When there are offers for puppies on sale, you do not rush there without a basis of your purchase.

Decide first whether you want a pure breed or a mixed breed from the word go. You also need to understand where you can get such puppies. You need to know the mistakes to avoid in your search and how to match the lifestyle at home with a new friend. When it comes to dog breed and types, there are pure pedigree or mixed dog breeds. Some puppy suppliers will have both provisions, while others may have specialized with one type. Buying a pure breed gives you the opportunity to know how it will look like, know when they are grown up, and know their possible temperaments. However, the temperament may depend on how the dog has been raised. What you cannot miss with is you can predict its appearance. Make sure where you buy from, they have a high reputation for their pure breeds.

Note that there are various puppy suppliers all over. Some are good, while others may not be perfect. For the sake of your future puppy’s health and welfare, you need to be cautious and the place you buy the puppy from. Choosing a good supplier will save you headache and expenses on health and any disappointments related to this. Note that some breeders may be selling sickly puppies that end up dying and no one would desire such a thing to ever happen to them. You also do not want puppies from dogs that are very aggressive because of their origin. Pick a puppy seller that is well known for their good puppies. You can ask the neighborhood, and you will have all the information you need. They ought to be responsible breeders by all means. To avoid a lot of issues in the future, select a responsible breeder who also offers a timeline within which the puppy may be returned in case they are not as you desired. This will eliminate a lot of uncertainties and issues in the future as you keep growing with your dog.

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