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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Essential Points about Citrol Cleaner

Citrol cleaner refers to a type of detergent that is mainly used in industries areas when one is cleaning. Citrol cleaner is preferred a lot in these settings for its much soluble and has high cleaning power. There is a lot of greases and oily substances in these industrial areas. Thus the use of the normal sops can make one find it hard washing. When one makes use of citrol cleaner, all the oily and grease can be removed with much ease. Citrol, the cleaner is preferred, for it ensures that all the machines have been well cleaned; thus, one can always avoid making them fail to function well. Employees, especially in industrial settings, can learn how to maintain the best hygiene without much struggle when they use citrol cleaner in washing the parts needed. When one wants to purchase a citrol cleaner; they have to ensure that they have considered some of the guidelines. Learning through these tips is essential whenever finding the best citrol cleaner to purchase.

One of the major tip that one need to check when purchasing citrol cleaner is the effectiveness. One need to ensure that they have purchased a citrol cleaner that is effective and that one can use to remove all the oily and grease without much struggle. Another guideline that one needs to consider when buying a citrol cleaner is the Concentration. These citrol cleaners are available in different concentration; hence, checking on the concentration of the one you are purchasing is always advisable. Water dilatable is important to check when one is choosing the best citrol cleaner to purchase. It’s essential that one should purchase a citrol cleaner that dissolves in water. One that can be of good help, especially when cleaning, is the right to select when one is looking for the best. Finding the best shops that supply this product is also important when one is looking for the best to purchase. One needs to ensure that they look for shops that only specialize in selling citrol cleaner alone. Shops that specialize in these types of cleaners are important for they provide one with the best products.

To add, one needs to ensure that they have looked from reputable shops. Shops that are known for dealing with the best and quality products are the best to purchase from when one is choosing where to buy. Also, one needs to seek more details from professionals that have worked in this industry for many decades. Getting advice from them for they usually offer one with details that are mainly based on truth and knowledge. These professionals are all willing to offer the required advice; therefore, inquiring from them is important. When one seeks from them it’s advisable for they have the knowledge of the best detergent that one should use in cleaning these machines. Checking the price of this product is important when one is looking for the best to purchase. One needs to know the pricing for one can make a good budget of expenses used in buying citrol cleaner.

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Why Aren’t As Bad As You Think

sell my house: Hints for Narrowing to a Deal

Based on the encounters which people have had when they sell their homes, it has been revealed that it is not an easy one. It is a wise decision to coordinate with a realtor when you are thinking of converting your property into cash. Most of the articles with titles corresponding to ‘sell my house’ ought to be reviewed and the process of choosing a perfect realtor evaluated carefully during the process. The possibility of becoming stressed up as you work out the process of converting your house to cash based on these recommendations, you ought to expect friendlier outcomes. Before you speak out to anyone on anything related to selling my house, read this article for the best ways for briefs.

To sell my house with a lot of ease; I will first need to come up with prices that make sense and are real. Here you will have to accept that the market may not match with your offer and the best means to tackle this will be to make a decision on what to charge based on both the market driving factors and the worth of your house. The house buyers will not let you down since what they will give is something that you will have expected in case you will have taken your time to look at the possibilities before coming out to state that ‘I want to sell my house.’ Potential buyers will give offers that are lower than what you will ask for, and if you have rated your home correct, you will find it easy to draw them for negotiation to close the sell my house exercise.

It will be necessary to enhance friendliness with the house buyers during all the processes that relate to selling my house. Something that you will have to avoid when you liquidate your home is becoming emotional. You ought to be prepared to face those who will be giving too little and those who will joke with you as you figure out a way to find the best deal for your house. An advice for the best outcomes out of the sell my house task is not to take things so personally. As much as possible, you will need to avoid standoffs with the homebuyers who give laughable offers.

You will need to be certain that you want to accomplish your goals and therefore confidence with the process of liquidating your house. The defining qualities that will make this process a success includes willingness and readiness to bend the terms and the offers made and thinking out of the box. A strategy will be required when you are handling that homebuyer who is insisting on giving less than the value of your house without insulting or acting rudely.

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What You Need to Know About the Cost of Dental Procedures

Anytime you want to hire a dentist, it is a good idea to take time to inquire about how much you will pay for the services. Today, many people are not sure of the cost of dental services they have to pay. Medical insurance is known to play a vital role in helping people pay for the cost of medical services. In this article, we will take you through how much you can expect to pay when you see dental services.

The beauty of dental insurance cover is that it covers certain dental costs such as those involved in routine dental checkup. With a dental insurance cover, you will not have to incur costs in services such as teeth whitening, however, you need to undergo the procedure once or twice a year. As much as teeth whitening is free with dental insurance, you need to confirm with your state and coverage plans since some of them still demand payment with insurance. If you are asked to pay for dental services, you should not incur much since the services may cost on average between twenty and one hundred and fifty dollars. The amount you will pay for dental services when you are not insured can range between two hundred dollars and four hundred and fifty dollars.

Besides, patients need to understand the amount they will pay in single visit dental procedures. When you hear the phrase single visit dental procedures, you should not worry since it means procedures such as dentures, crowns and tooth extractions. These procedures are known to have the biggest price different for insured and uninsured patients. With dental insurance, you will pay severe hundred dollars for dental crowns. When you are not insured, you will have to pay more than seven hundred dollars per crown. Also, people with insurance covers should expect to pay around seventy-five to one hundred and fifty dollars per tooth, while those without insurance, the cost can rise to anything between three hundred to six hundred dollars per tooth. The cost of root canal is affordable when you have a dental insurance, for instance, you will pay three hundred dollars for a back tooth and six hundred dollars for a front tooth. On the other hand without insurance, you will have to pay over one thousand dollars for both front and back tooth procedures.

Another thing dental patients need to beware of is cosmetic dental procedure costs. When it comes to cosmetic dental procedures like clear-correct treatment such as Invisalign, the cost the insurance company will cover will be a small portion of the overall cost. When checking the cost of Invisalign, you need to keep in mind that the cost you will pay will depend on the dental clinic you choose.

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