Money and the exchange of value has been around since very ancient times. But the concept of a central banking control – a Federal Reserve Bank or Central Bank – is always dreamt up by a central control powerhouse (emperors, greedy usurpers, kings, presidents,…but really, the big bankers). Also since ancient times, this practice of monetary control was prevalent as a method of power and control – not to mention greed.
Take a look at the ancient cultures of Greece, Rome, China, India, Persia…etc. What makes any same person think this can’t happen today? I’ve got news for the doubting ones. It Happens! Banks run the planet we now live on. Even the flush of your toilet has a price on it in society…you pay for it don’t you?
Talk about creating your own bank. And how. They’ve done it in the biggest way possible.
Imagine banks being run by mega wealthy magnates and private financial houses (read as private banks).
In the distant past, at least it is doubtful anyone working today can remember when that was really so. Most banks were started by some rich so and so and run the way he or she wants (men were mostly the owners).
But having your hard earned savings run by one single person has its drawbacks. The owner’s business directive may not be for the best interests of anyone else. Historically, around the world, that has been found to be true.
China Life, the largest Life insurance company in China is on an acquisition trail strategically buying up larger and profitable companies. Their long term plans would then include access to significant banking expertise hence the China Development Bank Corp acquisition offer.
China Life Insurance Project
China’s largest life insurer China Life Insurance Co. plans to acquire a stake in China Development Bank Corp (CDB) to match its long term liabilities and achieve a better synergy in resource allocation, China Daily reported Thursday.
“The final deal and final pricing and terms is subject to regulators’ approval,” citing China Life’s chairman, Yang Chao.
Talks are almost complete, and terms are “very favorable” to China Life, Yang said, but he didn’t give the size of the stake.
The insurer is also actively seeking equity investment opportunities in other big, unlisted corporations, according to Yang.
China Life’s wooing of CDB is its latest attempt to make it a financial holding group with a strong core business and a diversified financial business, the newspaper said.
On Aug 26, Yang said the company was considering becoming the pre-IPO investor of the Agricultural Bank of China (ABC) and the Asian unit of American International Group (AIG).
CDB received a 20 billion U.S. dollar government capital injection in December 2007 and is seeking to transform itself from a policy bank into a commercial lender.
ING Groep NV, the biggest Dutch financial-services company, is seeking to raise as much as 8 billion Euros selling assets which includes their prized private banking division to boost capital.
ING logo
Their most recent asset sale has been some prized ones:
1) Raised 1.4 billion Euros in February by selling its 70 percent stake in ING Canada Inc. Canada’s largest property and casualty insurer.
2) An agreement to sell its annuity and mortgage businesses in Chile to Corp Group Vida Chile SA in July for about US$350 million according to Santiago-based newspaper Diario Financiero.
3) And now, ING has asked for final bids for its private banking operations and is seeking about US$1.8 billion, two people familiar with the matter said. The Amsterdam-based bank has selected companies to enter final bidding as early as next week, handled by JP Morgan as adviser.
ING received a 10 billion Euros (US$14.3 billion) lifeline in October from the Netherlands Government is seeking to reduce its outstanding commitment. Assets under management has declined to 11.4 billion Euros in the first quarter of this year from 13.1 billion Euros a year earlier.
Obviously, the Asian unit being a truly prized proposition and is considered a growth business in Asia is something ING must be trying to get a good offer for. And to sell this prized possession, things must be quite dire on the financial front for this company that has seen tremendous growth in recent years.
According to ING’s website, their Asian private banking division has offices in Singapore, Hong Kong and the Philippines.
Buzzirk Mobile’s Business Partnership with Zer01 Mobile has been Terminated.
Buzzirk Mobile and Zero 1 Part Ways
Citing a breach of contract, Zer01 has chosen to cut off all ties with Buzzirk Mobile in a surprise announcement to many. Many e-associates who have signed up with Global Verge for the business of distributing Buzzirk Mobile are very much stunned by the surprise announcement. They are obviously not taking it to the bank anytime soon with this venture. Without Zer01 Mobile’s technology, Buzzirk Mobile appears to have become merely an empty shell.
It’s the promise of the superlative technology promising unlimited calling, voice and all the other goodies that was the driving force behind the massive sign up of e-associates – more than 35,000 in three months it is suggested. What a dissapointment for such promising endeavour to go sour so quickly. Many of the reasons are in the article which I have decided to reprint in whole with kind permission below…
Zer01 Mobile Cuts All Ties With Buzzirk Mobile For Distribution Services Citing Breach of Contract.
Originally announced in May 2009, the agreement made by Buzzirk Mobile and Zer01 Mobile has concluded as of August 13, 2009. What seemed to be a huge coup for the new true unlimited mobile services has appeared to be suddenly thrown under the bus for many distributors that had signed on – possibly more than 35,000 in a very short 3 months.
“The Zer01 Mobile team wishes Buzzirk Mobile the best of luck for all future endeavors. However, Zer01 Mobile has decided to formally sever our business relationship due to the breach of contract by Buzzirk Mobile…our counsel is in the process of preparing a response to these false and misleading statements,” Lance Dascotte, COO, Zer01 Mobile.
Comments by Ron Dresner, Zer01 Mobile spokesperson:
“Overall, there were a number of news articles and blogs that misreported a lot of the facts about each company and its services.
- First, Zer01 Mobile and Buzzirk Mobile are two very separate and distinct companies, only joined by this now dissolved agreement. Previous reports erred in applying facts about the questionable background of Buzzirk Mobile executives to Zer01 Mobile team members;
- Second, industry ‘insiders’ commented about the new Zer01 Mobile service stating their doubts about the credibility of the service… It has invited any and all industry ‘insiders’ to visit with Zer01 Mobile at any of the upcoming industry conferences and use a Zer01 Mobile phone;
- Third, Zer01 Mobile has never promoted or mentioned facts regarding its service that were misleading…
- Fourth, questions about Zer01 Mobile’s patent pending technology in the news are totally unfounded and motivated by marketplace competitors…visit the patent office…
Based in Las Vegas, Nevada, Zer01 Communications is owned and operated by the Unified Technologies Group, Inc., a global technology services and consulting company headquartered in Wilmington, DE. For more information about Zer01 Communications, visit www.Zer01mobile.com.
For more information regarding the above statements: Ron Dresner ron.dresner@zer01mobile.com or call 1-860-523-7500.
Source FierceWireless.com.
Buzzirk Mobile and False Information
What has been true were the huge nuber of hyped up reports in blogs and news reporst, based specifically on only available information on the web. And this is what will happen on the web – information if incorrect will be passed on without end…
But then, Zer01 by their own admission did not send out their own correct information. That I’m very sure created a frenzy of information hungry people eager to get in on the action and tried to get a handle on the available information from th internet. Unfortunately, many erroneous ones got passed around as the truth in the absence of being able to quote the true sources. The Toronto City News has also tried to cite as many sources as possible but have had to cite the most reliable source it can find. Check out these posts about Buzzirk Mobile:
The recent videos on You Tube of Mr. Ben Piilani was used very frequently, shown introducing the technology. Watch it below…
Ron Dresner of Zer01 stated, according to the news release, “News reports specifically quoted Buzzirk Mobile sales associates sources as to communication speed rates and frequencies…all these can be confirmed at the patent office,” does very simply confirm also that not all the information put out by the blogs, press and internet was false. That part was true. That statement was perhaps geared specifically toward the nay sayers of the technology.
Now what of Buzzirk Mobile and Global Verge?
Buzzirk Mobile being left without their prime product, “wishing them the best of luck in their future endeavours” is a truly apt assessment of their future. Without the Zer01 technology, Buzzirk Mobile is left with little to crow about. Since there are no phones delivered, I am of the opinion that they do not have any contracted phones to sell either. And since most of the recent swell in Global Verge’s e-associate sign ups have been with Buzzirk Mobile, expect very hard times sams Zer01. I do not think their numbers can be held.
But what concerns me are the large numbers of people who have bought into the technology and the idea. Here in Toronto and also in other parts of Canada, there are also significant numbers of people who have geared up and specifically set up their business to cater to this newest and greatest business opportunity.
Will there be claims for refunds or even lawsuits?
I don’t know the answer to that, but there are already many angry voices around. I expect them to be found all over the internet very quickly. The principal players in this will be very much on their guard against this to be sure.
I am speculating here….But I do expect the fur to fly very soon. Who will claim for what, I will not speculate on. But it will be interesting to find the response that Global Verge will now issue with Buzzirk Mobile.
In fact, I invite them to make their comments here too and clear up any of the “bad communique” or confusion they may find.
Actually, it might not be a bad idea if the powers that be from Zer01 Mobile and Buzzirk Mobile (Global Verge) make their own respective representations on the matter for a more balanced view of the whole episode. Why did such a great and promising idea go south in such a hurry?
To remember how Freedom 55 came about, I’ll need to dig deep into the recesses of my memory…but I do remember the dream…
When I was a boy it was such a huge dream for many of my “elders” to retire at the newly announced retirement age of 55 years. The government had introduced a pension plan that would take care of all retirees for the rest of their lives after retirement. Back then, it was considered great fortune to be able to exceed the magic 60 years of age. But they seem to forget they can’t take that now huge retirement benefit with them. Nor can they do so with a large bank account. Many of my grand uncles, family friends and people of importance seem to fill the cemetary with regularity just after their “retirement”.
Was this a well planned government conspiracy? Or perhaps statistics made it plain that retirement payouts would end then and would still leave most of their forced savings within the “system”? However, in later years, the government offered to let people take early retirement if they could reasonably afford to do so. Which means, the early retirement dream could become reality.
Freedom 55 in reality is really a dream. An innovative campaign by Canada’s London Life became one of the most successful marketing campaigns. Regardless of economic times, warnings from financial “experts” and so forth, achieving financial freedom at a certain age with a fixed achievable plan became very well received. In fact, when you sell the dream people will buy that very dream with the caveats and all attached.
Planning Shortfall
Financial Freedom at any age
Well and good, but not too many people it appears, can and will ever achieve that financial freedom status for a variety of reasons. Many of these savings systems will never be able to save enough for the insured and invested person on most financial plans – simply because of a number of factors:
* Inflation – often, the “planner” only shows an average linear inflationary rate. What’s forgotten is the actual cost of living like housing costs.
* Stock market crashes can decimate blue chip companies and your entire investment.
* Taxes – special taxes are never foreseen…, also taxes can be variable even during your retirement and when you withdraw that “retirement fund”.
* Lifestyle requirements change – are you still working, do you need special medical treatment or do you travel often?
Unpredictable Future Made Predictable
In short, the future is unpredictable. However, what can be made more predictable is to plan for the long term but take action over the near and medium term. This strategy allows one to make specific changes and adjustments to achieve your life goals.
Many health and wealth building home based business experts do constantly remind us all that achieving financial freedom should be a goal from any age. I agree. In one fell swoop, embracing this lifestyle concept suddenly releases you to strive for what your goals in life truly are. You can then see your way to have your own small business, your own big business, your investment/income goals, work till you drop from old age, bum around, go fishing, live a life of little need in a fishing village, or live with princes and princesses of excess.
Bankers and financial planners will often tell you that the longer term investments are the most subject to volatility. That is why longer term bank loans tend to cost more. Similarly, longer term deposits tend to pay more. The cost of money gets more unpredictable the further in the future it becomes. Likewise your future investment planning.
Really long term goals is really better left as a philosophical direction in life. The actual action must be taken here and now, over the forseeable future. For example, you invest in a stock that came very well reccommended. Remember that stocks tend to have a very cyclical life over a very few years or even months. When do you buy it? Do you buy an apparently invincible blue chip stock like General Motors to hold over a very long period in the expectation it will yield you a very nice annual income, or perhaps as the last financial crash had demonstrated, to lose it all. Or perhaps your strategy would be to follow closely the reccommendations of winners and work the win to loss ratios in your own favour?
What if I told you one of the best performing stocks in China is the China Green Agriculture company – would you you be so inclined to invest in a foreign country? Compare it’s vital statistics to any North American stock and you’ll find it to be a fantastic investment over the next couple of years – but will you even go for it? Or will you be far more daring and break with the crowd, brave the nay sayers, family and friends, the banks who would put you down and strike out on your own business? Most people start small in their own home based businesses.
Now, how does one overcome the fear of such indecisions? The answer has always been missing from our schools – the true financial education where you learn how to function in everyday life financially. One is never taught in school on “How to make money independently”. Instead one is taught to become automotons of labour for the huge corporate entities and the government. Thus when some huge corporation sells you a dream like Freedom 55, a ready made market is already there.
Freedom is yours. Educate Yourself
Educate Yourself
Educating yourself makes for the best philosophical change you can make. Good knowledge can free you by offering you the directions and know how you can take in order that your life can be directed the way far closer to your desires. Now, this direction may not be for everyone simply because of the fear of the unknown. Knowledge is the great mitigator – offering you light instead of the darkness of dissatisfaction you cower from in the face of fear.
Check through the stories of some of the most successful people in history. In fact, find successful people in your midst. You will find that over 99% of them will tell you a stroy of trials and stories of failures along with success. In the final assessment, you will find that people like you and I, got there simply because they tried and never gave up their dream of their very own Freedom at any Age!
Of course, with all those success stories come failures. But understand, they will tell you, that the apparent failures are really just a learning curve; some more steeply inclined than others. There are a huge variety of winning ways. Some will find it in internet marketing, others in the stock market, you’ll find business Mums competing with corporate Dads, politicians, importers and exporters, investors of all shapes and sizes. You’ll find this is the best form private wealth management there is. You do so at your own direction.
One common thing that they all have also, is their desire to learn to become the success that they have become. It is a given that they all become experts in what they do. That is why they make the bucks and are listened to when they speak out. Call them Gurus. Call them Mavens. But listen to these experts. And educate yourself. Then only then, when you strike out on your own path can you be assured of your very own Freedom 25 to 105. What is your favourite age for freedom?
Which also means you, the customer is defrauded first and is at the greatest financial risk. Last year in the US alone, over $800 million in known fraud was lost from the banking industry. Here are 5 of the more common frauds being perpetrated against banks – that means YOU! So, beware.
Convenience Checks/Booster Checks
A booster check (or a “convenience check issued by banks or credit card companies) can be used as a non-sufficient fund (NSF) check used to make a payment to a credit card account. Using this loophole, fraudsters used “booster checks” to “bust out” or expand the credit limits of legitimate credit cards. In this way, the credit card holder can double or triple the established line of credit in very short order.
Of course, you know what happens next. Yep, they default and vanish after maxing out on the credit cards and lines of credit.
Duplication of Card Information – Skimming Scams
Credit card “double scan” machines copy info from the magnetic strip of your card and create a new duplicate card for which your account will be billed for any purchases.
The best defense? Try to keep your card in sight when possible to avoid this problem. Remember that this can occur in a restaurant, a store or almost anywhere.
Card issuers have fraud detection software which picks up unusual spending patterns, smaller purchase “skimming” can be subtle and prolonged, compared to the flurry of spending when a card is stolen outright.
This has led to the latest creation of a micro chip encoded credit card in an effort to combat this type of fraud.
Credit Card Theft and Fraud
When someone uses your credit card without authorization, that is fraud. Report all thefts or loss of your credit card to the credit card companies immediately.
Common enough when you’ve lost a wallet through dropping it or perhaps a pick-pocket. Another very common occurance is a person close to the card holder uses the credit card. Of course, card duplication (above is a form of credit card fraud).
Check Kiting
When in-transit or non-existent cash is recorded in more than one bank account. The crime usually occurs when a bank pays on an unfunded deposit.
For example, a deliberately bad check is deposited into a legitimate bank account. Before the cash is collected by the bank, a check is written against the same account and deposited into a second account, or cashed.
The common use of wire transfers allows this type of scheme to be perpetrated very quickly.
Uninsured Deposits
There are a number of “companies” masquerading as Banks from a certain country, usually in a foreign country. They market themselves as though they are legitimate banks, insured by the FDIC or the country’s regulatory banking system when they most definitely are not.
They lure depositors by offering high rates of interest, or promising offshore secrecy. Deposits in these companies do not have the protection of the Federal Deposit Insurance Corporation. All too often, depositors come to grief with little or no recourse.
Porsche was recently in a share control battle with the shareholders of of VW not too many months ago.
But, all that diet of trying to swallow up warrants (options) and now having to ante up is putting Porsche at great risk of being swallowed up by their very own debts. And now, VW has offered to buy Porsche instead. The Piech and Porsche families which currently own all the controlling shares of Porsche may not be for much longer.
VW Beetle
The irony is that Porsche technically owns 51% of VW. But the options for the VW shares carry huge debts (about 5 billion Euros) which must be paid to the banks who hold them. Therefore Porsche needs to find enough cash for those warrants – otherwise the unthinkable might happen.
Another irony is that Porsche is on it’s most profitable run up in its history but could face bankruptcy if they debts amounting to 9 billion Euros.
Sources said that Qatar – an Arab Oil Principality will invest in Porsche and there is the possibility that by bankrolling the financially flailing company by paying off the warrants to the banks, Qatar could then own 20% of VW. An agreement could then be made with Porsche losing its independant status. Read more from Bloomberg.
A quarter of a century ago $1 Million Dollars would have gotten you alot more than today simply because of that dreaded word – INFLATION!
But the problem is, most people will not notice inflation eating away at your money. Why?
- it’s sneaky and creeps most of the time,
- department stores have sales which make people forget about value for money,
- marketing ads reduce our perception to assuming profit is what causes inflation,
- short memory – people live only for today and forgot yesterday,
- banks’ lending assures inflationary pressures on money,
- stock market structuring encourages inflation through upward price mobility.
So, I could go on and so can you…if we all paid attention to it. As a comparison, I thought I’d create a what a million bucks could have bought 25 years ago versus what it would cost despite the deflationary recession today.
1) A semi-detached bungalow in one of Singapore’s prime districts will cost you over $5-6 million today (but in truth, you won’t likely find one for sale).
2) A retirement. Living on the expected interest of about $100k after taxes can get you a decent lifestyle with annual travel. You’ll need about $6 million or more to achieve that today. (Of course, some money management geniuses will tell you different until a Madoc like situation of a wall street melt down occurs…).
3) The million will buy a Rolls Royce, two Ferraris, a Land Rover, a Mercedes 600, a chauffeur and perhaps a Go-Kart for Junior all in a garage. Today I’ll settle for a Ferarri and a BMW in my garage. (Yes, garages cost money too.)
4) Downpayment for a small private jet in 1984. Today, downpayment for a used small private jet.
5) Send 5 kids to the top world name Ivy League University including room, board, pocket money and annual trips. Today, you send them through that University and they pay their way.
6) A 2 bedroomed Manhattan condo suite (offered to me then). Can’t find it – it’s part of a giant development with multimillion-dollar suites even smaller than the one 25 years ago.
Why is understanding inflation necessary? In time, inflation eats away at the value of our money. If you’ve been planning your retirement based on having $1 million, factor in your purchasing power by the time 25 years rolls around.
* Can you still afford to even live a retirement lifestyle?
* And then factor in maintaining the lifestyle you have chosen.
* Will that money be enough to generate the residual income you need?
Buzzirk Mobile and Global Verge has combined their unique advantages to create a potent worldwide winning combination.
News of this new emerging mobile giant – Buzzirk Mobile is getting about. Bankers, Wall Street types and even overseas corporate giants have been trying to get a piece of the action. But true to form, the top Guy, The CEO of the company controlling the technology was rumoured to have shown them the door.
Plans have been laid for the launch and a number of people lucky or wise enough to get involved early – as in right now – will have an advantage and can make a financial killing with this new business in the mobile battle field. The technical and business model is still scant, but you can take a peek at this information source I found here.
And if you’re a little smarter than the next guy, I saw that you can secure your position for a nominal fee.
Cell Phones Have a Profitable History
They stir up memories of agents fighting to get their hands on the first Blackberries and then iPhones. The agents assumed – and rightly so -they could make a killing when those devices came out. Yes, they were right.
And now, there is a new and very powerful and shiny kid on the block. And yes, they are very well funded and has supremely excellent carrier agreements already in place. Is it any wonder then that iPhones, and Blackberries and just about every other mobile systems carrier is in a tiff and greatly worried? Look at all the new technology Buzzirk Mobile is bringing out to do battle with all the carriers and systems.
This is not hype. The technology and the technological agreements have been developed well ahead of the marketing materials.
Now, the makers of specialty smart phones even those released last quarter with all their smart gadgetry may be extremely advanced, but truth be told, they’re about to be made obsolete. And so are the new iPhones and Blackberrys. Technology has a way of making quantum leaps from time to time. But the new Pharos, often the makers of specialty phones for the Hollywood elites have created the Pharos Traveler 137 (in picture) will be just that with the new software and hardware included. The functions and capabilities will take anyone else years to try to play catch up. Now, I’m saying catchup – and it is quite something else to overtake the new technology being used in Buzzirk Mobile.
That said, an estimated 3 year lead in the marketplace (typical of new very advanced technologies, historically) is a lifetime of opportunity for Buzzirk Mobile to make great and deep inroads into the world of Mobile Devices worldwide.
Well, watch the boss of Zer01, Ben Piilani himself giving a quick demo on the technology on You Tube.
So, is this an investment worthy of notice? Most certainly. Let’s see why.
1) Drastic user cost reductions.
Buzzirk Mobile is selling their super phones and unlimited plans and also GSM enabled SIM cards (without the max capabilities of the new Pharos or other smart phones created to take advantage of this new system) with the true unlimited monthly use at only one fixed fee of $79.95 and for $10.00 more, you get the same unlimited international use in more than 30 countires. There will also be a family plan to be announced.
2) Distribution through Direct Marketing.
Buzzirk Mobile is not selling these phones with the traditional phone franchise store like AT&T or Rogers or Bell…instead they are breaking with the pack and instead giving you and I the opportunity to get in on it too. It saves them hundreds of millions in set up costs and passing on the savings on to the consumer and through the Direct Marketing system handled by Global Verge. In doing so, they are actively promoting for ”E-Associates” or direct marketing distributors to sign up before the release of these phones to the public. Will it fly? Yes, it is already starting to take off. Anyone savvy in such a business will get signed up quickly before the big launch wave occurs.
3) Working Technology Before the Hype.
Technology is often useless if it cannot be readily used. In this case, all the transmission agreements in the area codes of North America has been confirmed. In fact, all the new technology was ready to go well before the marketing even began. It’s crazy, but they had worked without hype and hoopla, got it all working even before the marketing materials were even considered! And yes, it’s a multi-billions dollar company with billions more ready to be invested world wide.
Editor’s Update:
There have been some disturbing and suddend develoment. Zer01 Mobile has terminated its involvement with Buzzirk Mobile, leaving thousands of e-associates who have signed up to the idea and a dream of making a great income with this unlimited ohone service is no more. Read the story here.
Now it’s a Made in America Bank War. The Fed versus the BofA .
As if the whole American Banking situation wasn’t enough drama:
- Freddie Mac,
- Fanny Mae,
- Bank Bailouts,
- GM and Chrysler,
- UBS and tax evasion,
- and now…enter the behemoths – the Feds vs the Bank of America…
A headline like “Who Coerced Who?” and statements like “Maybe Kenneth Lewis, the chief executive of Bank of America, held the gun to the Federal Reserve’s head last December, not the other way around,” are most certainly fighting words on a mega scale.
For those that need not be there, it’s best not to get in the way and simply watch from the sidelines…
Here’s the report in full from Forbes - click here.
Which also means you, the customer is defrauded first and is at the greatest financial risk. Last year in the US alone, over $800 million in known fraud was lost from the banking industry. Here are 5 of the more common frauds being perpetrated against banks – that means YOU! So, beware.
Porsche was recently in a share control battle with the shareholders of of VW not too many months ago.
Buzzirk Mobile and Global Verge
