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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What You Should Know About This Year

Convenient Methods That You Can Use When Finding The Right Breweries

If you think that looking for breweries near me is hard to do, you are mistaken because, in general, it is not difficult at all. The truth of the matter is that technological advancements, as well as the advent of the internet, have brought many possibilities, one of which is providing relevant information regarding breweries. But then again, if there is something that can help us search for breweries near me become a lot easier and simpler, of course, we grab the opportunity. There are now lots of methods of how you can effectively search for breweries near me like going online. Today, there is a rise in the number of breweries all over the world, and in many cases, they exist in areas of cities or regions where the brewery is known as part of the urban development plan. The idea behind this is that local businesses are allowed to set-up shops at the heart of the city because its presence can bring lots of other businesses that will call the area their home. You may not know about it but there are actually lots of breweries that have restaurants associated with them, enabling them to garner a strong place in the community.

So, yeah, one of the ways on how you can find a good brewery is to get on the internet and make use of any of the search engines available to check them out. No matter what it is, may it be that you are searching for breweries within your locale, or outside of it, the bottom line is that you are bound to get a lot more results than what you have imagined. Not only that, there goes the fact as well that you will also find breweries that are a little less than conventional when it comes to the way they operate. You can actually say that searching online is the easiest and most convenient way for you to find breweries, particularly with how breweries already have their own websites which users can visit.

The next method that we have here in our list has something to do with using Find a Brewery map that is specially designed to help those who are searching for breweries know how close they are to their favorite large or small breweries. These maps have craft brewery lists that are updated and can bring data straight to you. The objective of these maps is to assist and help online users learn about craft beers as well as online breweries.

It is also advisable for you to seek for suggestions from people who have tried searching for the best breweries like your colleagues, your family members, or even your friends.

Study: My Understanding of

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– My Most Valuable Tips

Benefits of Hiring a Professional Technician for Your Heating Surface Maintenance.

A lot of people keep complaining that they are being charged too much by their energy supply company. As time goes by, and you will come to notice that the amount of energy units that you are consuming is also increasing. Its even possible to find yourself thinking that your energy supplier is actually stealing from you. In other homes, especially during the winter season, you will notice that your Heating system is not doing its job properly. When you see this happening, start expecting a furnace breakdown. However, no one would be happy when their children are sleeping in a cold place. They will all depend on how regular you do maintain your heating and cooling system. Many people think that, once they have acquired an HVAC system, then they have finished all the work which is a total lie.
Your heating system requires servicing just like your car. If it is not well serviced, then you might find yourself in some big mess. You can even lose your entire system and have to source money for a new which might be expensive depending on your economic state. You should however not let this happen when you can even prolong the life of your heating system. However, here is some good news for you. The first, good news is that furnace maintenance is very cheap. This might only cost you look little dollars, and you won’t feel any change in your bank account. The second piece of good news is that you will only need to the service once in a year. HVAC manufacturers usually recommend that you service them at least once a year. We have very many benefits for carrying out HVAC maintenance and servicing. Though, you should make sure that you hire a professional company to do the job.
The first benefit is that it prolongs the life of your furnace, first of all, you will prolong the life of your furnace. If you lubricate the moving parts properly, your furnace can serve you with proper heat for very many years. It is through such that you will identify any faults in your system that reduce the functionality of the heating system. They will also be able to fasten any loose parts in the system. Many people do not usually know, but HVAC systems also pose great health hazards. They do release carbon monoxide which is not good for breathing. It can lead to health problems like dizziness and nausea and also other adverse health effects. A technician usually knows how to detect any leaks in your system, and you cant compare this to doing it yourself. You can search these companies from the internet. We have very many such companies and this way, make sure to find an experienced and professional company. You should also check their reviews.

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The Beginners Guide To (Chapter 1)

Some Great Benefits that Hot Air Ballooning Can Provide You with

There are many benefits that you can get when you go for hot air ballooning and some of them have been discussed in this article. As compared to traveling on an airplane, hot air balloons are better in that they offer you some gentle and comfortable travel. Some of the good things about hot air balloons is that they have no isle seats, no booming engines and no baggage checks which are involved and that is why they happen to be very comfortable for one to travel in them. It is also important for you to understand that hot air ballooning happens to be a very good activity that can be done outdoors by all people.

In case you might be having children, you will find that they will have a fun filled weekend as they observe the hot air balloon as it gets inflated and made ready for the start of the journey. The other thing that will happen is that the older people who will also be partisans in the hot air ballooning will have a travel that is relaxing and serene and they will also have a lot of fun with that. You can decide to have hot air ballooning for such things as weekend getaways with people that you value, romantic dates or you could just go to unwind. One benefit of hot air ballooning is that you can have it in any occasion that you may be having as you achieve a lot of fun from it. If you decide to go for hot air ballooning, one thing you will find out is that there will be very beautiful sights for you to see which are not common.

In case you are planning to go sightseeing, it is a good thing for you to know that balloon rides are the most suitable choice that you should make. The other benefit of going for hot air ballooning is that it is an experience that you won’t regret spending your time on. You will get very lovely memories when you go for hot air ballooning and they will remain in your mind for a long period of time. Even though there has been a great advancement in the technology, the hot air balloon is one of the activity that many individuals from all over the world prefer.

Hot air ballooning can be one of the ways in which you can find yourself meeting great people. When you go for hot air ballooning with people that you do not know, by the end of the activity you will have made some new friends. One thing that you should be aware of is that ballooning is something that is famous in all parts of the world and you might find yourself sharing the basket with individuals from different places.

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The Art of Mastering

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