Sunday, January 29, 2012
In addition, they should cede their fiscal sovereignty and control over sale of state assets; de facto give up their state sovereignty.
I have said before Greece should default and leave the Euro zone. If ever there was a moment to do so it is now. They should reject banker occupation and bureaucratic dictatorship. They should give a clear lead to other countries, Portugal, Spain, Italy etc. that it is better to suffer and be free than live as multi generational debt slaves.
Saturday, January 28, 2012
There are two main reasons people fail in a work at home business. Building a successful business and achieving time and financial freedom is not hard, once you know why people fail and how to avoid doing the same thing. In this article I'm going to talk about these 2 reasons and how you can build a successful work at home business if you can overcome them.
The first and probably biggest reason people fail in this industry is because they don't treat their work at home business like a real business. They treat it more like a hobby. Being successful in this industry and achieving financial independence does not, and will not happen overnight. It's going to take hard work and dedication. When someone comes into this industry and is just looking to get rich without doing any work, they are not going to take any opportunity they join seriously. They usually end up quitting once they find out that they actually have to do work.
Take your work at home business seriously and put forth the time and effort necessary to be successful. Treat it like a business, and like your the CEO. Don't just treat it like a hobby and come into it not expecting to do any work.
Another reason people fail is because they get too comfortable working from home. A work at home business certainly has it's benefits, but it is also very easy to get distracted and be lazy when you are working at home. It's a great feeling to be able to set your own schedule and work when you want, where you want, but some people have a hard time doing this. Just because you don't have to get up early and get dressed up, doesn't mean you don't have to be serious and treat this real.
It's very important that you make a work schedule and stick to it. If you want to sleep in until 10:00 every morning, that's great. Just make sure you get up at that time everyday and get to work. If you can only work on your business 3 hours per day, shut your phone off, don't work by the t.v., and focus on your work during those 3 hours. It's easy to put things off when you have so many distractions and are too comfortable working at home.
Keeping these two things in mind when building your work at home business will help guide you to a successful business.How To Overcome The 2 Biggest Reasons People Don't Succeed In A Work At Home Business
Frank Caparso has been a full time home based business entrepreneur for some time now. He has a real passion for helping others learn how to build a successful work at home business, and more importantly a sustainable full-time income from home.
==> Click Here <== to watch a free video and learn about a work at home business that real people are using worldwide to replace their incomes, support their families, and live a better lifestyle. This opportunity and system has created more success stories in the last 90 days than any other home based business out there.
Wednesday, January 25, 2012
Description of Fraud
Offshore Banking services tax fraud
Civil Fraud (SEC cut - USD 300 Million)
J P Morgan
J P Morgan Chase
ISDA also has a series of regional committees empowered to make official binding decisions as to what constitutes a “credit event” such as a default. Greece or Portugal etc defaulting on their scheduled debt payments being a simple illustration, although there are many complex variants to this theme.
What is extremely important however are the consequences of a credit event, namely the triggering of what is effectively an insurance policy called a “credit default swap” (“CDS”), payable in full to the holders of the defaulted debt.
So who then are the issuers of the CDS who would have to pay up; well of course the too big to fail banks. Their plan rather like AIG in the sub prime crisis was to cash the insurance premiums, make huge profits and executive bonuses, on the assumption they would never be called upon to pay. When the sub prime fraud blew up in 2008, AIG was bailed out with tens of billions of dollars by the
So how much could the losses be from triggering credit default swaps? In this shady unregulated world of shadow banking nobody really knows.
The Bank of International Settlements (“BIS”) produces bi-annual statistics which show outstanding credit default swaps of USD 32 TRILLION. To put this is perspective the entire equity of the top 5 US banks is barely USD 1 Trillion. It does not need a genius to work out that there may be a problem.
Incidentally the BIS total reported derivates, including interest rate swaps, exchange rate swaps and credit default swaps, is an utterly mind blowing figure of USD 700 Trillion, or over ten years global GDP. How strange the world’s financial elite failed to see this as a problem?
However, in reality, the central bankers, finance ministers, all the major banks and even Warren Buffet, who described these derivative products as “Weapons of mass financial destruction” are fully aware that this gigantic powder keg exists, waiting to be triggered by a “Credit Event”.
This is the real risk of
It has everything to do with avoiding at all costs the detonation of the derivative products.
So when a Credit Event arises, IDSA the sole official and as explained above, “completely honorable and independent “ arbiter, will just like the married man caught in the act, simply deny it.