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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Ways in Which A House Can Be Sold Faster

People moving to a new stage in life and need to sell their home, it is important to put in mind that the process is not an easy one. Advertising, a home day after day, turning into weeks or even months, is a concern most sellers have when putting their homes in the market. For a house to standouts in the market, sellers should put into place several things to make their property stand out. Below are tips to follow for the fast selling of a home.

Work with the best real estate agent. Having the ideal real estate agent is ensuring their track record in house sale is solid. Displaying a home in a way buyer will fall in love, being familiar with the market trends of that area and neighborhood are some of the things an agent should be well knowledgeable. The agent should work with other professionals such as photographers who will be used to take amazing photos of the home. Be sure the agent is prepared to promote the house on every platform especially online. The agents should be available to offer assistance through the complex home buying process and ensure that everything goes well.

Get rid of personal items and declutter the house. Before a photographer takes photos or potential buyers shows the home, ensure that all personal items are removed from the house, clean and declare. buyers imagine themselves living in the space when personal items are removed. A great selling point is maximizing the space in the home by cleaning and removing clutter. Sellers should not forget to put everything inside garages or closets. Closets and garages are places potential buyers will look to know the storage space and layouts in a house. Storage space and square foot will not be easily seen if other items and boxes hide them.

Setting the right price. Have a talk with your real estate agent on the right price for your house. The house condition, the current market, the neighborhood and other factors will be what determines a fair market price. Price your house accordingly by researching in the neighborhood what other similar houses are going for. Put in mind any upgrades made to your house. Talk to your real estate agents on placing the best price to sell quickly.

Take photographs, stage the house and do visual tours. For a house to be desirable to buyer’s agents should know how well to-stage it with help from an agent.

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Tips On How to Take Good Care of Your Hair

It is a woman’s nature to yearn for a great physical appearance. When you are pretty, your self-esteem is boosted. A number of things make a woman look beautiful. Clothing fashion is vital in enhancing the beauty of a woman. It is essential for you to ensure you eat right and do physical exercises so that you have a great body that will make clothes look good on you. You should also make sure the handbag, jewel, and shoes you put on are fashionable and make you more pretty. You can also apply make-up correctly on your face so that you improve the way you look. The other thing you have to do to enhance your looks is to take care of your hair. You can style the hair in several ways so that your beauty is enhanced. It is essential that your hair is made by a hairstylist that understands hair beauty. You should also make sure that you know how to take good care of your hair. Below are several hair maintenance tips.

Ensure that your hair is not dirty. Clean hair is shiny and good looking. If you want your hair to smell great all the time, ensure that you wash it regularly. You should find a good salon that cleans hair properly.

Hair is maintained by having proper hair products to apply on the head. Purchase hair products that do not have harmful ingredients. Poor quality hair oils lead to loss of hair, and that is a woman’s worst nightmare. Bad quality hair products can also lead to dry and itchy scalp. The salon you go to should also use high-quality hair products on your hair.

The hairstyle you put on your head will also determine if your hair remains healthy or not. You should ensure that your hair is dyed on a few occasions. You should make sure that you put hair extensions on your head that will not affect your hair. It is essential for you to make sure that you choose the correct plait style to put on your head so that your hair remains healthy.

You will have healthy hair if you use appropriate hair towels to dry your hair after washing it. Good hair towels are made from materials that will not break your hair. Your hair is not tough when wet, which means that the wrong towel is likely to break it. You should choose the best microfiber hair towel to use on your head. There numerous stores that specialize in selling these hair towels that are easy to use and life-changing. These hair towels are not expensive.

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Smart Tips for Selecting the Right Under Deck Roofing Contractors

When it comes to concealing the insides of your deck’s roof there is a need to go for the highest quality workmanship. This involves hiring under deck ceiling contractors who have been in the industry for many years as well as ones who possess all the pieces of equipment that your project will need. When you are able to hire the right technician for this job you will be sure to get a high-quality ceiling for your deck and this is an investment that will serve for a good deal of time. So when you are considering hiring the services of an under deck ceiling contractor make a point of ensuring that you hire the right person.

Here you will be doing some serious homework to ensure that you do not fall into the traps of the quacks that purport to offer the best ceilings for homeowners. Since the scammers are so many in the industry is it important that you read the following tips that will make it easy for you to navigate the market and locate an excellent contractor. Here are some of the tips that most people have you and they ended up hiring the best under deck ceiling contractors.

The first tip for any homeowner who is looking forward to hiring an excellent under deck ceiling contractor is to look for licensed professionals. Ideally, any good government will protect its citizens from illegal people by licensing the right professionals. As such it is the work of the homeowner to see to it that the person working on his or her project is a legitimate professional and this can only be clarified of the license is valid. Son when you are in doubt about the validity of the license it is prudent to contact the regulatory authority in your area.

The second tip is to choose a contractor who is conversant with various designs. Under deck, ceilings come in different styles and materials and one that is right for you will depend on the size of your project as well as the level of functionality you are looking for. The only way you can have a perfect design that will increase the efficiency and functionality of your deck is choosing a professional who is aware of the various designs that exist in the market. This way you will get the advice that you need so that you invest in an under deck ceiling that will serve you for a long period of time.

It is also a good thing to check the varying costs of the project. Depending on the contractor who will be working on your project you may pay a higher or lower amount. This means that you will need to take some time to evaluate the various bids that you get from your contractor and the more the bids you get the higher the chances of getting the project completed at the lower budget. You should compare the prices of the various contractors and choose a contractor whom you deem fit for your budget.

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