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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Understanding

What you Get from an Electric Skillet

People have for a long time enjoyed cooking on a stove. But over time, there have been improvements in how kitchen appliances work, with better and more capable sources of heat, like the electric skillet.
Considering you prefer to cook instead of eating out, this appliance is an important investment. Here are some more benefits of using one.
A skillet works in much the same way as a frying pan, and you get to use it to fry, sear, or brown your foods. An electric one works the same way, only it uses electricity instead of gas or any other fuel. Most of them are square or rectangular shaped, with two handles for convenient handling.
They for one offer even heating. The traditional skillet has a tendency of spreading heat unevenly. You see this when they leave patches on the cooking steak, for example. An electric version spreads the heat on the surface evenly.
They also have larger capacities. That capacity makes it more convenient, since you only need to cook one, or much fewer times than the old skillet allowed.
You also get to regulate the temperature much better. There is a temperature control dial, were you set the exact cooking temperature you need. In the past, you relied on guesswork and experience to get the right temperature. You now can multitask much better as you cook, since you have such control.
You can also rely on it for more purposes. Apart from frying and sauting your food, it allows you to bake, deep fry, and use it as a hot pot to serve. It is how you keep the number of pots, pans and other items in the kitchen fewer.
It also helps keep cool temperatures in the kitchen. During summer, the kitchen tends to get quite hot when you are cooking. An electric skillet tends to keep most of the heat within, thus leaving you with a cooler kitchen.
It also has a non-stick surface, which helps avoid burning food, and make for better-looking food. It also makes it easier to clean the skillet once you are done. There is also the benefit of cooking whenever you please. Considering it only needs an electric outlet, you get to cook in any other place apart from the kitchen.
With these benefits, an electric skillet is a great investment for any kitchen. You may still be loyal to your old skillet, but if you need to upgrade, you now have a better option. You can also visit this site, to discover more about other healthy lifestyle tips.

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5 Uses For

Hiking

Hiking is one of the recreational activities that people love to do. Many people love going hiking in a group because it is more fun that way. There are organizations that have been set up to take people for hikes. They let people show their desire to go for the hike and then pay for it. After which they bring all these people together on that day and take them hiking. There are many things that people expect when going hiking and some are explained below.

The organization taking them will tell them what clothing they are to carry. Different places have different weather so the organization in charge should be well familiar with the weather and inform the team going to hike about that. There are people who have health complications when it comes to some climate hence being informed enables them to take the necessary precautions. Most of the time when people go for a hike, they are encouraged to wear light clothing and if they are to carry they also carry light ones. This is because hiking involves walking for long distances and one might end up getting tired fast because of the heavy things they have carried or worn.

The amount being charged should be affordable. Many people don’t go hiking because it is expensive for them. The prices set should be affordable so that many people can be encouraged to go. Hiking is a fun activity hence setting the price at an affordable price assures one that going for the hike will not affect their other expenses. For the organizations that run the hiking families, they should ensure that when they set their prices, they have their clients at heart so that they can attract them.

There should a good place to refresh and eat. After hiking one is usually very tired and hungry because they have used their strength. It is important that the place should have facilities where one can go and freshen up. The place should also have food services so that one can be able to have a good meal. This will help the people to gain back the strength they have used up.

People expect to have fun. Having fun is the reason people go for hiking. One of the things that makes hiking fun is the guard that is taking the team around. The guard should be fun, expressing themselves in a fun way. The other is the beauty of the place. This really matters to many people because many want to take photos that will remind then of that day and also that they can show to their friends and family. A beautiful place encourages people to take photos. The other thing that makes hiking fun is that the place should be adventurous so that one can enjoy.

Security. Security should be assured in those places. One should know that they will go and come back safe. The people should be informed of any insecurities that might arise so that they can take precautions.

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