March 5, 2013
by Bob Meyer, Editor of BarterNews
Want You To Know...When you sign up to receive the
FREE weekly Tuesday Report announcement your e-mail address
will never be sold, traded, or given to another party.
Note: We receive e-mails from people who have signed up
for the Tuesday Report, and then tell us they’re not
receiving our weekly announcement. In most cases this is because
they’re blocking unwanted e-mails.
ensure that our weekly Tuesday Report e-mail announcement
reaches your mail box, we suggest you add
to your address book or safe sender list.
If you are a frequent visitor to our site we suggest
you hit the “refresh” button from time to time as we add information
to our site several times a week.
From the desk of Bob Meyer...
Increases Dividend, Now Yields 5.43%
On February 26, 2013, the Board of Directors of ITEX
Corporation approved a 25% increase in the company’s
quarterly cash dividend to a new dividend rate of $.05 per
share. It will be payable on March 20, 2013, to shareholders
of record at the close of business on March 11, 2013. The
annualized dividend yield based on average closing price of
ITEX’s stock for the trailing 12 months is 5.43%.
Number Of Super-Rich Continues To Grow
There were 2,000 billionaires (U.S. dollars) on the planet
in 2012, 185 more than 2011, according to Wealth-X, an
organization that tracks the super-wealthy. These fortunate
few have a combined fortune of $5.5 trillion, equal to
China’s GDP. Average age is 63, and 1 in 10 are female. The
U.S. has 408 billionaires and China is second with 317.
Despite a financial crisis that has affected many in the
U.S. and worldwide, the super-rich haven’t reined in their
travel spending. According to Conde Nast Traveler’s,
luxury hotel companies are actually expanding at a record
pace to meet the demand.
Researchers have created a way to store data in the form of
DNA, which can last for thousands of years. The encoding
method makes it possible to store at least 100 million hours
of high-definition video in a cup of DNA. (Information
obtained from Computerworld.)
back issues of "From the Desk...” can be accessed by
free to forward our newsletter to your friends and
colleagues. We have a “box” at the end of the
newsletter for your convenience.
See you next week. . .)
NATE Announces 29th
The National Association
of Trade Exchanges (NATE) recently announced that registration has
begun for their 29th annual convention. The site will be
the Wyndham Riverfront in Little Rock, where owners and brokers of
the most successful barter exchanges in America are expected to
attend on May 16-18.
The convention, hosted
by Southern Barter Exchange, consists of seminars for trade exchange
owners, brokers and sales representatives. Topics of discussion will
include, but are not limited to the following:
IRS & Barter
How to Expand our
Membership Beyond Businesses
Loyalty, Rewards &
How to Sell Trade to
Mass Marketing Tools
for Barter Exchanges
NATE’s guest speaker,
Cynthia Vassilowitch, will be addressing IRS related topics. Cynthia
has over 30 years experience at the International Revenue Service,
and is now a knowledgeable tax consultant and Certified Public
Along with the seminars
and discussion panels, convention attendees have plenty of other
activities to look forward to this year. Many social events are
planned as a way for the different exchanges to get to know each
other, and learn what each exchange has to offer in hard goods and
in travel. NATE has planned the “Great NATE Trade Out” where
exchanges will buy and sell various products, services, and travel
offerings to promote their exchange. Convention registrants will
also be invited to attend a Travelers Baseball game at
NATE will also be
providing CTB (Certified Trade Broker) training during the
convention for individuals seeking to advance their barter broker
skills and knowledge in the barter industry. The annual awards
ceremony will be held at The Clinton Presidential Library and Museum
on Saturday evening.
For more information and
click here or contact Lauren Pound at (678) 302-6772.
BarterNews.com — World’s Largest
Hundreds of valuable articles,
techniques, and strategies are found in the following various barter
Offset & Countertrade,
Community Barter, and
Categories are found on the horizontal bar at the top — 3rd
button from right.)
It’s Time To Establish
An Independent Global B-2-B Currency
It’s not every day you
hear a former central banker and an architect of the euro advocating
for complementary currencies that have nothing to do with the
national ones we call money. But that’s exactly what Bernard Lietaer
does in his book Rethinking Money: How New Currencies Turn
Scarcity Into Prosperity.
He argues new monetary
tools are needed to avoid repeated financial meltdowns and fiscal
crises like we’ve seen in the U.S. and Europe.
“There’s nothing wrong
with a hammer when you are dealing with nails,” Lietaer told Yahoo
Finance’s The Daily Ticker, on Friday, February 22. “However
I think we are dealing with a broader set of issues than one single
type. Therefore, I think it’s time to look at other possibilities;
complete the toolset. If you want to do a paint job it’s a good idea
to have a paint brush.”
Lietaer says in
complementary currency terms, a “paint brush” is a standard medium
of exchange, functioning in a parallel to conventional money. If
that seems alien, Leitaer gives the example of frequent flier miles
as a relatable example.
For a model of the real
life currency kind, you can look to the WIR. It’s a
business-to-business currency in Switzerland that started in the
1930s, and has become the country’s “secret weapon” to better
stability during tough times, according to Lietaer.
When some businessmen in
the 1930s had credit lines from their banks cut, they created a
mutual credit system among themselves to conduct business, inviting
clients and suppliers to join. Even in modern days, during
recessions when bank loans decline, businesses use WIR to pick up
the slack. That’s how it helps to smooth the tough times, notes
Lietaer. He reports about 600,000 mostly small- and medium-sized
Swiss businesses use the WIR, or about 16% of businesses, with a
volume just under $2 billion annually.
Meanwhile, in the U.S.,
this month we’ve seen Virginia legislators vote to study the
feasibility of minting a metallic-based monetary unit of the state’s
own. And according to CNN, since the financial crisis a growing
number of communities have introduced local currencies. For example,
the Potomac in Washington D.C. was introduced in part to help more
money stay in the local community.
For his part, Lietaer
gives the example of time banks, where 286 systems across the
country including TimeBanks NYC allow people to provide help,
support, and services to one another by using time instead of money
He thinks it’s time to
complete the “toolbox” and adopt more of these types of
While Lietaer was a
co-designer of the ECU (European Currency Unit), which was the
precursor to the euro that brought many currencies into a single
monetary system, he acknowledges the irony that he now advocates
alternative currencies from the regional to global level.
Now he sees
complementary currencies running parallel to national money at all
levels. He claims we need a global business-to-business b2b)
currency that is nobody’s national money, and which encourages
multinational corporations to think long-term. He also sees
complementary currencies providing value even to a local
neighborhood, thus helping solve regional social problems.
Editor’s Note: In the
limited interview time allotted, Lietaer failed to mention the many
b2b trade exchanges that are functioning in some 35 countries around
the globe. They are conduits for considerable business among small
and mid-sized companies (estimated in the billions aggregately), and
a much closer step to his goal of an international b2b currency for
multinational corporations, than are the TIME banks and community
currencies. Several years ago Lietaer made an excellent presentation
on this very subject to the International Reciprocal Trade
Association’s annual convention.
Is Your Trade Exchange Missing Out On
Valuable New Business?
your barter company’s listing on BarterNews.com isn’t current, you
are definitely missing out on new business. The web site
BarterNews.com receives heavy traffic — with over 150,000 page-views
every month. Entrepreneurs and corporate executives check the
thousands of articles, the weekly “Tuesday
Report,” and the “Contacts
Section” of our site. They use the latter to find barter
companies with which to do business.
your barter company’s listing up-to-date?
keep your listing current is very easy. See the links below to (A)
update any changes to your company’s listing, such as new location,
phone number, web site or other information, and (B) if your company
has not been listed.
Here’s how to get on board:
make changes to your listing
Barter Plays Major Role In Large
Residential Real Estate Deals
Winnick is in the news again out in Los Angeles. (Winnick, you may
recall, was the founder of Global Crossing years ago.) This past
week he has quietly placed his Bel-Air mansion on the market for
John Karevill of
the San Diego real estate information company DataQuick says any
sale will certainly include a major barter component. “It would be
incredibly shocking if somebody actually walked up to the table and
wrote a check for that amount.” Karevill says any such home sale
would include a barter offer such as land or properties, stocks, car
collections, jewelry or racehorses.
In 1998 former President George H.W. Bush made a speech in Tokyo to
a group of Global Crossing executives. At breakfast the next
morning, Global Crossing’s founder Gary Winnick offered President
Bush an opportunity to acquire pre-IPS stock in the company in lieu
of the $80,000 speaking fee. Bush accepted and subsequently sold the
stock for $14 million several years later.
Loyal Customers Become A
Funding Source For Expansion
That’s exactly the case
for Starbucks, where happy customers are pushing a lot of money
toward the company. Their Starbucks Card was the highlight of the
recent holiday season. In the first quarter of 2013, Starbucks saw
$1 billion loaded on Starbucks Cards, a whopping 25% increase from a
year earlier and a new record for the company. This revenue could be
the means for further expansion.
That huge figure would
have amounted to about a quarter of the company’s overall revenue of
$3.8 billion, if the card loads were immediately recorded as sales.
The cards growth far exceeded overall revenue and same-store sales
growth of 11% and 6%, respectively.
Money-Making Reports Available From BarterNews
How To Get More Sales In
Our street-smart restaurant
marketing report shows proven ways to rapidly boost your
restaurant’s sales & profits.
The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today’s New Age
There are many forms of secondary
capital—which can be defined as any financial instrument that
measures and communicates value in a common language. Would you like
to see and learn more about the many forms of secondary capital?
We have 70 free, informative and
inspiring, articles for you in our “Secondary Capital Section.”
Check it out...
Get New Money-Making Ideas And
obtain useful, informative ideas and contacts in every available
back-issue of BarterNews.
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
A Gift To A Friend Or Associate.
If you know someone who might benefit from this newsletter, feel
free to forward it to them! (See the “box” at the end of the
newsletter for the forwarding service.)
We welcome your
comments, questions, and observations.
Copyright BarterNews 2012. Redistribution of BarterNews
content expressly prohibited without the prior written permission of BarterNews.