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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3 Tips from Someone With Experience

Deliberations to Make When Hiring a House

Coming up with the right house rental service can seem challenging but experiencing at the same time. Conducting house leasing professionals to help you locate the right choice of your house is important in order to avoid future inconveniences and going back to the market. You can acquire your house services from leasers based within your state and they are well known for their quality services. Therefore, as a client making early bookings for your house services is effective because you will have enough time to choose the right house that meet all your standards and also the one that will serve you throughout the period of allocation. You need to be certain with all the house leasing firms within you because one of them will be liable for your services but only the firm that posts the potency to leave you satisfied. In this case, there are important factors you need to consider when leasing a house for your new home. Discussed below are the deliberations to make when leasing a house.

You need to ponder the status of your house renting firm. In order for you to be able to meet your objectives, it is essential to engage a reputable house-leasing firm to help you throughout the whole process. Building a good company name means grate sacrifice from your house leaser in order to satisfy the needs of their clients and if you consider them you will be able to enjoy this services. In addition, it is essential to locate some clients that hired services from the house-leasing service of your choice to hear what they have to say regarding their services.

The value involved when renting a house deserves considerations. You are going to note service fee variations on all the house-leasing services that are present for you. Therefore, it is important to compare different rates served by different house-leasing companies in order to point out service whose fee lie within your pocket limit. You should consider a house-leasing service that offer the medium rate because these are charges you can be able to meet without straining. A house-leasing budget is an important asset when winding up your plan because it helps you allocate the right resources on the house service you are looking forward to acquire.

The size of the house deserves considerations. For a comfortable house that is destined for living then it is essential to align your interests on a house that will serve you well rather than venting a house that is destined to serve another purpose.

Incredible Lessons I’ve Learned About

The Beginner’s Guide to

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Study: My Understanding of

Factors to Consider when Wooing a Lady

A good way to court a woman is to alter your dating game. Nobody deserves to be alone, and everyone should get a chance to find true love. However, dating is usually very difficult for men. When you go on a date with a stranger, it can get awkward very fast. This is because you will get judged a lot on your first date. However, you can learn a lot from the first date. The following strategies will enable you to woo a woman without any challenges.

One thing for you to know is that you shouldn’t put all your attention to courting the woman that you want. However, many people associate dating to playing a game. However, most women are not trophies, which are supposed to be won. One thing that you should realize is that dating involves the sharing of ideas between two people. Whenever you are dating, your main focus should be supporting the woman. There are many online sites that you can look, which will guide you on the best ways to support your woman.

Also, when you go for the first date, you should be yourself. Even if someone has impressed you, you should not pretend to be someone else. Always give women gifts at the most appropriate times. After getting through with the first date, you should go on a second date with another person. This is the best way to discover more what it means to be in a relationship. Relations are not very different from dating, but the only difference is that they usually take up much of your time. When you are in a relationship, you will need to have intimate thoughts about your partner. You should always ensure that you are ready to deal with such a commitment.

Your relationship will become stronger if you buy your woman gifts on certain events. For example, if your partner has had a boring day at work, you should send them flowers the following day. Look for people who have similar hobbies like you. You should find a woman who has the same hobbies. If you both of you do the same things together, which you love you will have a stronger bond.

You should both join groups centered on your hobbies. This is a good way to keep your relationship burning and take it to a higher level. This way, you will hang out with your woman without too much pressure. Not being in too much pressure is the best way to maintain a strong relationship. You will land the lady that you have always wanted.

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