The Greed of Bankers And Corporations

Many wise people fear that the human mind is a universal code held in their safes by the greediest of people, all kinds of worldwide political castes – bigger and lesser emperors – bankers and corporations. Whom does it suit to have people who are not free individuals, and do not have sane minds and pure hearts? Well, those who are slaves to greed! Sadly, the world’s biggest media, the biggest publishers, are increasingly becoming a might weapon in the hands of shadow rulers, those who want to rule people. While watching ‘Mr. Smith Goes to Washington’, we can identify with the plot and the characters, because just like human kindness, greed is eternal.

Some might say that bankers are gamblers. I know I did so on occasion, but life teaches us that this analogy is wrong. Why? Because I actually respect professional gamblers who put their own money on stake. Wall Street bankers, on the other hand, gamble away their clients’ money. They don’t stand to loose anything of their own, thus they are not gamblers. If we take a look at legendary gambler Doyle Brunson and a bank manager, what we see is two different worlds. Doyle Brunson earned every last cent he has gambling with his own money, and when his chips tower higher and higher, it’s not due to robbing the poor of their money, but because he is doing his job better than other professional gamblers. What about bankers? They enrich themselves on the backs of the poor, and even when they lose money, they never become poor. Why? Because the tax payers are the ones to pay back their debts, which is always backed by the story that the bankruptcy of major banks would account for an even worse recession in the U.S.A. and the world. So, the citizens can and must file for bankruptcy, but the same rule does not apply to banks, which are clearly double standards, which is pernicious for any free market.

If we know that corruption is the malignant tumor of every society, we should ask ourselves why is it that banks and corporations profit the most from societies infected by corruption? Many underdeveloped countries are infected by corruption, through dictatorships of political castes, thus losing billions of dollars, but little is it known that there are increasing amounts of money flowing from underdeveloped countries into banks and corporations of the developed world. According to data published by the World Bank, corruption that takes forms of bribery and stealing on behalf of state officials account for losses of between 34 and 56 billion dollars per year in underdeveloped countries. This accounts for a mere 5% of the total amount of money disappearing from public funds. On the other hand, multinational companies steal more than 980 billion dollars a year from underdeveloped countries through tax evasion. Still, this is not covered by the official definition of corruption. This huge outflow is facilitated by suspicious financial system in underdeveloped countries riddled by corruption, as well as by the creation of tax oases into which money from underdeveloped and corrupt countries is transferred. In such tax oases, companies exist only fictively, which is also the case for anonymous accounts and false foundations.

The world’s biggest banks became so powerful as to be able to control the systems of most of the world’s countries, which is particularly the case for underdeveloped countries. Over the last few years, they managed to achieve deregulation in many parliaments around the world through their powerful lobbies, which led to an increase of monetary flux through banking systems that are beyond control. Journalists have discovered that the world’s biggest banks make hundreds of billions of dollars by laundering the dirty money of drug cartels, and all kinds of dictators and corrupt politicians.

If we know that the MMF’s shadow master is a consortium of the biggest banks and corporations, who manage to squeeze money out of underdeveloped countries in a suspicious manner, it is no wonder to see that an MMF representative claimed that the corrupt Croatian government has done a good job by introducing pre-bankruptcy settlements, even if any beginner in economy knows that this very “law” makes corruption bloom in Croatia. It should be said that small and beautiful Croatia is blessed by nature. It is a country of a thousand islands surrounded by a clear azure sea. At the heart of Croatia, there is Gorski Kotar, a forested mountainous area with the cleanest freshwater in the world). There are endless fertile plains in the eastern part of the country, but despite all these nature’s blessings, people going through garbage bins are becoming a common sight in the cities, which is a major defeat for all those politicians that gained the people’s vote at the last elections. The Croatian political caste have closed their eyes instead of fighting corruption. When they vote for new laws, they do it for the good of their tycoon pals, and not for the greater good. What is the MMF doing about it?

I wonder whether the MMF has the power and honor to look at the man in the mirror. And so, the MMF is praising the corrupt Croatian caste when they decrease the social rights of the already poor citizens, when they decrease the already low hourly wage, and when they take away all the basic workers’ rights, and we know that there is no spending without reasonable wages. If there is spending, then there is also production, and how is there supposed to be spending if there is no one to spend? Without jobs, there is no spending, and so it goes on in a circle. Furthermore, the MMF has only praise for this spectacular robbery in Croatia, called pre-bankruptcy settlements. Yes, you might not believe it, but the MMF delegate has praised the government of the Republic of Croatia for that law, claiming that pre-bankruptcy settlements are a great idea!!! Kolakusic, a famous crime fighter and a judge at the commercial court, said that this is ‘a particularly cunning law that reads like a manual on how to abuse it’. In the honorable judge’s own words: “I have noticed that this is a particularly cunning law, which facilitates countless abuses. There are three statewide subjects simultaneously participating in it: the Financial Department, the commercial courts and the administrative courts, and neither is responsible for anything. Such a law, such cunning… I simply couldn’t believe that something like this is possible.”

So, this “law” has nothing in common with the free market and healthy laws. Its purposes is to pillage taxpayers. Where are the spoils going to? To the banks! They are not interested in the fact that the state might go bankrupt tomorrow, and that the people will bleed in the street in pursuit of one revolution or the other, because both the banks and the political elite will take their loot and look for a new country and new victims. This inhumane and anti-commercial law rewards ignorance, irresponsibility, laziness, embezzlement, pillaging, corruption… and it punishes honesty, diligence and creativity. To put it simply, crooks are forgiven hundreds of millions in tax debt, while honest entrepreneurs have their small family businesses shut down for a few more undeclared kuna found in their counters.

One doesn’t need to be a financial genius to understand that a crook who gained the ownership of a factory by cheating can never create new jobs; all he will do is destroy the factories and the existing jobs, and this is how we reach local and global economic crises. So, how can the MMF claim to adhere to the rules of the free market? In a genuinely free market, there is no protectionism on behalf of the government (l’etat c’est moi). It is left to the free market. So, if a company doesn’t make profit, it must file for bankruptcy, and then a new company will rise from its ashes, with a new brand, and new creative people and visions, who will make profit and create new jobs. Freedom is in the genes of every human being, and this is also true for the economy, lest we forget that people deal with economy since their moment of birth.

People dispiritedly say that profit became the epicenter of life. I will never stop believing that people are the epicenter of life. Compassion, kindness, love and faith, those noble values eternally hover above humans like a sacred aureola and an everlasting guardian of the spirit. Yes, we can create a better profit-making system, but it’s all for naught if we disregard people. Some scientists, politicians and businessmen would say that the more people control their emotions, the wealthier and more intelligent they become. My message to them is: The moment you become the master of your emotions, know that you have lost them for good. They don’t say for nothing that one should listen to their hearts and souls when faced with a horrible dilemma. “Write down the thoughts of the moment. Those that come unsought for are commonly the most valuable.” (Francis Bacon) Isn’t that the case with emotions too? Those who take joy in the golden rays of the sun are much wealthier spiritually and much happier than those who only feel joyous about the glow of the gold. Why? Because the most valuable things in life are for free. You can’t buy praised, pure and noble love with no amount of money, but you can have it if you haven’t lost your emotions.

Walter William Safar

Pros and Cons of Playing Online Bingo

Bingo is a fun game played in halls for years. With the advancement of technology online version of the game has garnered mass popularity. Advantages and disadvantages of playing online bingo games are as follows:

Advantages of playing bingo online

1. Online bingo games can be played all throughout the year at any point of time. Moreover, you can play the games sitting right at the comfort of your home. This way you can not only save time but also save money.

2. Online version of the game of bingo is available for all kinds of players. There are sites for newcomers as well as for professionals. Majority of the websites have a help section or offer tutorials with a view to aid the players to understand the rules of the game.

3. There are free bingo sites. Newcomers can play on these free sites. After attaining adequate proficiency they can begin playing on the paid ones. This ensures that the newcomers don’t lose any money in the initial stage. Majority of the paid sites offer sign up bonus to the players.

Disadvantages of playing bingo online

1. Online bingo games played just for fun is well accepted. It is considered to be risk-free since the players play for free. Nevertheless, if the players get addicted to these games then it can cause trouble. Addicted players playing on paid sites tend to bet heavily and can end up with enormous debts. This can have adverse impact on their financial future as well.

2. Refrain children and elderly people from the paid bingo sites as child molesters are regulars in these sites. Through the use of chat rooms, they can easily molest children.

3. Beware of the fake bingo sites. These fake sites can use your credit card and financial details to their own benefit. So, choose websites that are genuine.

Scratch Off Lottery Tickets – Lower Payout, But Better Odds

So, you want to win the lottery, right? You want to win as much money as possible. Sure, everybody does. Money makes us emotional. But sometimes you need to think with your brain and not your emotions. And, that goes for choosing the correct lottery game to play. It’s better to win a little of something then nothing at all. What does all this mean? It means that perhaps you should consider playing scratch off lottery tickets. Sure, they offer a lower payout, but they also generally offer better odds.

Consider this – one of the most popular lottery games in the world is Powerball. Powerball costs $1 to play and the odds of winning the jackpot are approximately 1-in-195-million.

Now, consider the average $5 scratch off lottery ticket, for example. Generally, the prizes for a $5 ticket will range from $100,000 to $1 million, and the higher the prize the higher the odds. Now, let’s say that you are looking at purchasing a $5 ticket and the prize is $1 million. The odds of winning $1 million on a $5 scratch ticket will vary from game-to-game and from state-to-state. With that in mind, you’ll be looking at odds that are about 1-in-3-million.

For comparative purposes, if you buy five Powerball tickets, at $1 each, your odds of winning the jackpot would be approximately 1-in-39-million.

Now, comparing the scratch off ticket in the example to the five Powerball tickets, you would be about thirteen times more likely to win on the scratch off lotto ticket than on the Powerball ticket, dollar-for-dollar. That’s a huge difference.

We all know that Powerball, and even lotteries like Mega Millions, EuroMillions, and Lotto Max, offers huge payouts. Everyone agrees that it would be amazing to win these huge jackpots. The only problem is that these lotteries are virtually impossible to win.

Scratch off lottery games have lower payouts, but they are winnable. That’s what makes them attractive to play. But, let there be no doubt, even winning a million dollars would change your life. At the very least you could pay off your mortgage, pay off your car, have money left over, and live debt-free. Doesn’t that sound appealing?

In the end, it’s your choice on what lottery game you play. But if it were up to me, I would always choose the lower payout but better odds that the instant scratch lottery games offer. But, hey, that’s just me.

Four Reasons Why Small Businesses Fail to Grow

Running a small business requires superior problem- solving and an ability to look at the bigger picture. Aside from ensuring that your business turns a profit on a regular basis, you also need to be concerned with your own financial health over the long-term. That includes having a strategy in place for building wealth, so you can enjoy a comfortable retirement once the time comes to hand over the reins of your business to someone else. As an entrepreneur, there are certain hurdles you should be prepared for that can hinder your ability to create wealth. (For a detailed rundown, see? Investigator’s tutorial Starting a Small Business.) Here are four important challenges small business owners face.

1. Too Much Business Debt

Getting a small business off the ground typically requires a certain amount of cash. Taking out a term loan from a bank or a Small Business Administration (SBA) loan may be the answer, if you don’t have sizable savings you can tap into. With a 7 SBA loan, for example, it’s possible to borrow up to $5 million to establish a new business.

Even if you don’t need a loan to get started, that doesn’t mean your business will – or should remain debt-free. For instance, you may decide to open a business credit card to earn rewards on day-to-day expenses or take a merchant cash advance to help cover your cash flow during slower periods. Or you may want to borrow to expand, especially if the business is doing well. While credit cards, advances and loans can be invaluable to keeping the business running, their convenience comes at a cost.

If a substantial part of your business’ revenue is going toward repaying its debts, that leaves less income to devote to growth. It also leaves you, as the business owner, less money to funnel into a solo 401(k), SEP IRA or similar qualified retirement plan to ensure your own future. While the interest on a small business loan, the payments themselves are not. Paying down your business debts allows you to redirect funds toward your retirement or a taxable brokerage account instead.

2. An Inefficient Tax Strategy

As a small business owner, filing and paying taxes may be one of the most unpleasant tasks on your to-do list, but it’s a necessity. If you’re not taking advantage of every available tax break, your wealth without even realizing it. There are a number of tax credits deductions that you can claim on your business or personal tax return? An expense must be deemed both ordinary and necessary. This means the expense must be something that’s commonly associated with the type of business you own and directly connected to its operation.

When you don’t take the time to maximize every possible tax advantage, the result is an overly large tax payment. Hiring an accountant to manage your filing may increase your business expenses slightly, but it can also help to minimize your tax liability. In terms of building wealth, the long-term benefit can easily outweigh the cost.

3. Lack of Diversification

Being a business owner requires a certain amount of juggling, and you simply may not have time to pay as much attention to your investments as you’d like. The size of your assets affects your overall financial standing, including how banks see you, especially if you’re a sole proprietor. Investing in mutual funds or exchange-traded funds, eliminates the hassle of trying to put together a well-rounded portfolio, but it can be problematic if the funds you’re purchasing hold the same underlying securities.

Business owners can also run into issues if they’re not rebalancing periodically. This is vital to ensure that you’re maintaining the right asset allocation, based on your investment goals and risk tolerance. If you don’t rebalance regularly, you could end up with a portfolio that’s either too aggressive or too conservative. At one end of the scale, you run the risk of losing money by gambling too heavily on stocks. On the opposite side of the spectrum, you risk limiting your earnings potential if you’re playing it safe with an abundance of bonds. Either way you’re putting your future returns in jeopardy by not paying attention to the level of diversification in your portfolio.

4. External Risks

Aside from managing market risk, you also need to be cautious about insulating yourself and your business from threats that may arise in other areas. For instance, what would happen to the business if you were to become ill and could no longer oversee its operation? How would your business and personal assets be protected if your business became the target of a lawsuit? What would you do if your business was damaged by a hurricane or other natural disaster?

These are the kinds of questions small business owners must consider, because although such scenarios may seem unlikely, they can have a substantial impact on how you grow wealth. Choosing the appropriate business structure is an important step in minimizing liability, but you should also be proactive in reviewing your business and personal insurance coverage to ensure that you’re protected against every possibility.