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 Art of Mastering

Aspects To Consider Before Choosing A Cosmetic Dentist
A type of dental work that tends to improve the appearance of the gum, teeth or bite is known as cosmetic dentistry. This type of dentistry usually emphasise on the aesthetics in terms of position, colour, alignment, size and the overall smile appearance. It is rather usual to come across an individual who is uncomfortable with how their teeth look like. In this scenario, you will be obliged to precisely visit a cosmetic dentist. There are different cosmetic dentists in several cities such as dentists Balcatta or cosmetic dentistry perth available. However, as there are many cosmetic dentists in the dentistry field one is required to evaluate some factors.
Today most folks are habitually insured. But most insurance companies usually incline not to cover cosmetic procedures. Therefore, in most situations, you will be needed to pay on your own. Most cosmetic dentists are usually expensive, although this automatically does not mean you cannot achieve the kind of appealing appearance you would want on your teeth. With this it is ideal that you come up with a list of cosmetic dentists you would desire to work with such as dentists Stirling or dentist innaloo and Perth Cosmetic Dentistry and dentist osborne park and karrinyup dental and Dental Implant Perth and teeth whitening Stirling . Since the list will make it effortless after you start comparing their charges. Although be wary when you stumble upon a very cheap cosmetic dentist. For the reason that as much as the deal might seem tempting, they might wind up saddening you in the long run.
Make sure that you check on the kind of experience the dentist might have had. In this situation, it will be of value if you probe to see their portfolio. This is because it will help you have a better understanding on the various procedures they might have worked on. Ensure that you visit a cosmetic dentist that has worked on a case comparable to yours. For the reason that they will be in a better place to evaluate the best strategy to make use of in order for you to achieve the aesthetic look you need. Moreover avert utilizing inexperienced cosmetic dentists; therefore, they should have five-year work experience.
To summarize, it is best that you make certain that the cosmetic dentist you want to make use of is certified. It can be pretty unsafe overlooking this aspect. For the reason that a certified cosmetic dentist is one that has been permitted by the authorities to work on patients who might need to improve on their appearances on their teeth. So one is usually guaranteed that they are in safe hands when they resolve to work with a certified cosmetic dentist. Ask to see their license document and make sure that it is updated.

Featured post: great post to read

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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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Questions About You Must Know the Answers To

The Rights of Maritime Workers

Most countries are experiencing an increased demand for maritime workers. Some people fear to take training that will lead them to maritime jobs. Workers in the maritime industry are exposed to a large number of risks. Understanding the rights of the workers can help to reduce fear among learners to take out the maritime courses. Workers get to have peace of mind with a proper understanding of their rights within the maritime jobs. People can create interest with maritime jobs by reading maritime worker injuries to get a proper understanding of their rights enabling them to have peace of mind.

Individuals working in the maritime industry are protected certain laws. People injured within the workplace due to the negligence of other individuals are entitled to compensation according to Jones act. The workers should be compensated for medical expenses. Pain and suffering of the workers are among the issues that need to be compensated. Present and future loss of wages need to be compensated. The workers should visit maritime worker injuries learn about other losses which need to be compensated. Employers need to have proper understanding of the employee rights to avoid financial losses.

Employers are liable for ensuring the safety of the equipment and proper working conditions. Workers should be trained on the requirements for the given positions. The companies are liable in case of assault of the employees by their co-workers. Proper working conditions is a necessity for the maritime workers. The warning signs should be properly placed for visibility by the workers. Companies should consider maritime worker injuries to understand their responsibilities in ensuring employee safety. Overtime resulting in fatigue calls for compensation of the employees.

The cure and maintenance require employees to get compensation regardless of the incidents in which the accident occurred as long as it’s within their duties. Rent and food of the injured are covered according to maintenance and cure. Marine workers dealing with navigable Waters are entitled to compensation according to the Longshore and harbor workers policies. In case of disabilities, the employees are entitled to compensation. In case of death the dependents such as spouses and children should be compensated according to maritime worker injuries.

In case of accidents the maritime workers should be aware of the right procedures to follow for their compensation. Experienced maritime attorneys are of great importance for the workers to achieve their compensation in case of accidents within their duties. Information regarding the right procedures for the maritime to get compensated can be acquired from maritime worker injuries. Employee should give priority to reputable maritime attorneys.

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