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From the desk of Bob Meyer... 06/08/2010
Private Equity Manager Warns Of Liquidation
Briger of the Fortress Investment Group (he oversees
Fortress’s $9 billion distressed-investment portfolio)
recently gave a keynote address to his peers at the
SuperReturn U.S. Confab held in Boston.
address Briger said the improved environment is, in effect,
a charade, with everyone from central banks to large
financial institutions “in cahoots” to boost lending markets
and consumer confidence. He predicted the next five years
will be an embarrassment of riches for high-end trash
collectors like himself.
underscore the scope of the opportunity, he posted a slide
showing that financial institutions (AIG, Lehman Brothers,
and others) have announced over $1.6 trillion of asset
dispositions since the financial crisis. He concluded that
there are $5 trillion to $10 trillion of distressed
financial-asset sales to come.
Church Barter-Board Assists Congregation
United Methodist Church in North Knoxville (TN) provides a
barter-board for members to post goods or services they
would like to receive and what they’re willing to give in
Hotel Industry Begins Recovery
lodging industry is moving forward, according to an industry
forecast from PriceWaterhouseCoopers. Hotels should be able
to start increasing room rates in 2011, as hotels are
starting to see an uptick in demand after two consecutive
years of decline. Average daily room rates are expected to
increase 3.5% in 2011.
Top Jobs In The Coming Years
Labor Department’s 10-year forecast for demand, pay, and
competition for more than 300 jobs in 45 categories has been
released. Succinctly, in the coming decade engineering is
expected to offer the fastest-growing area — biomedical
engineering. Jobs in this field are anticipated to grow by
72%. (Health care dominates the list of the fastest-growing
jobs, capturing 11 of the top 20 slots.)
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See you next week. . .)
NATE & IRTA Working Together To Benefit The Barter Industry
The International Reciprocal Trade Association (IRTA) and the
National Association of Trade Exchanges (NATE) have announced their
cooperative effort to modernize and update the current Certified
Trade Broker (CTB) program offered by both industry associations.
In a joint statement issued by NATE President Gary Oshry and IRTA
President David Wallach they agreed, that the education and
certification of the trade brokers that represent the modern trade
and barter industry is a top priority for both associations. “By
collaborating on this vital project we usher in a welcoming spirit
of cooperation and in the end we will offer a finished product that
will be improved, standardized and utilized, by the entire
Members of the joint committee include; Maurya Lane — Barter
Business Exchange, NATE President Gary Oshry — New England Trade,
Richard Harris — National Commerce Exchange, David Wallach —
President IRTA, Dr. Lee — Business Xchange Singapore, Mike Mercier —
Metro Trade, Kim Strabley — International Monetary Systems, Perry
Constantinides — Barter Services International, Steve Acerra —
Florida Barter, and Ron Whitney — IRTA Executive Director.
“Our goal is to have this project completed by the first of October
2010,” said Committee Chairperson Kim Strabley. “We plan to offer
CTB courses and testing online so that we can more efficiently
educate and certify our industry’s trade brokers.”
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
Dealing With The Lords Of Finance
By Hazel Henderson
Hazel Henderson has been a past contributor to BarterNews. For more
information on Ms. Henderson see
We have reached the inflection point in the globalized financial
casino and its mountains of odious, unrepayable debt. With
outstanding derivative positions totaling some US$600 trillion — and
world GDP only US$63 trillion — today’s global debt is unrepayable.
Central bankers cannot print enough money to fill this gigantic
hole. So who will lose, aside from taxpayers, who are stuck with the
bill thus far of $23 trillion just for America’s bailouts?
The fate of Greece lies between the excesses of its previous
government and its past Wall Street-friendly policies, the
still-dominant ideology of market fundamentalism, their bondholders
and marketmakers, and Goldman Sachs and the still-obscure US$600
trillion derivatives market. There is a massive bet on Greece’s
The world’s citizens now see how governments allowed themselves and
their taxpayers to be trapped by the lords of finance. The bankers
funded their election to office, bribed their officials, and
manipulated their regulators and public opinion. Through advertising
and financing of mass media, financial moguls and media moguls
converged with political moguls worldwide to form concentrated
To save sovereign governments from further co-option and corruption,
these government leaders and their economic wise men must now rise
to the occasion. Together, they must act to downsize and curb the
rogue global casino. The G-20 Summit in Toronto, June 26-27, is
their next opportunity to re-assert control on behalf of their
citizens and the global public interest. Will leadership come from
Europe, China, India, the USA, or Brazil? So what is the remedy?
First, the derivatives betting on defaults of countries and
companies must be shut down before the players drive Greece under to
win their bets. This will help curb the “bear raiders” waiting to
collect their bets against other EU countries, such as Portugal,
Italy, Ireland, and Spain.
The USA, often still seen as a safe haven, is on equally rocky
ground with its huge trade deficits and external debts to China,
Japan, and OPEC countries. Most states in the U.S. are running
unsustainable deficits, have huge backlogs of now risky bond debts
together with falling tax revenues due to high unemployment levels
(10% nationally, 17% if all jobless are counted), as well as
crumbling infrastructure needing over $1 trillion in repairs.
Only concerted action by the G-20 can arrest the takeover by the
lords of finance. This will require a paradigm shift beyond
economics and all its theories, from left to right, towards a
reintegration of knowledge and systems approaches that connect all
the dots. Such a shift is required to arrest the slide.
We are now in a global, system-wide transition from the early,
fossil-fueled Industrial Era to the emerging, green,
information-rich economies, from Wall Street’s corrupted and
debt-choked money circuits to new electronic trading platforms that
use free exchange and new currencies.
Estimated world trade conducted in barter remains at approximately
25% but is ignored in GDP, which is based only on money
coefficients. Electronic trading is a new multi-trillion-dollar
market opportunity for IT companies, following the paths of eBay,
Craigslist, Freecycle, Global Giving, Greengrants, Microplace, Kiva,
Zopa, Prosper, and other micro-finance and philanthropy sites.
To foster the transition from the monopoly of fiat money circuits
(now just as bad as gold-based money) to 21st century electronic and
local currencies, the G-20 needs to downsize financial sectors. If
governments don’t work together and face down the bankers who
operate the global casino, the dominoes will start falling, one by
Wall Street and London’s bloated financial sectors have little
social purpose and produce nothing. Proprietary trading and
risk-taking must be separated from government-subsidized
deposit-taking banks. The best way to accomplish this is for the
G-20 to agree on a less than 1% financial transactions-tax across
It is also essential to break up all too-big-to-fail banks, e.g.,
the six largest ones nationally: Bank of America, Citigroup, Goldman
Sachs, JP Morgan Chase, Morgan Stanley, and Wells Fargo, which now
control 63% of USA’s GDP.
Only if G-20 leaders come together in Toronto and agree on these
first steps, can they avoid the next financial crisis, already
looming. If they cannot summon the courage to shake off the grip of
the lords of finance, they will have forfeited what little public
trust still remains.
International visitors look for BARTER CONTACTS in our Global Barter
Section. If YOUR exchange isn’t listed see the forms on the lower
left of the page. (Click
Attention trade exchange owners...thousands of visitors every month
visit our BARTER CONTACTS section on our web site where we have
names & addresses of barter companies in the USA. If YOUR exchange
isn’t listed, or the information is incorrect, you can correct the
situation by using the forms to the lower left of the USA map. (Click
Successful European Assembly & IRTA Meeting Settled Important Issues
The second Conference of the Euro-Asian Barter Assembly, was held on
May 1 and 2, at the Napoleon Hotel in Paris, France. The two day
conference, convened by assembly secretary and Barter Hall-of-Fame
member Paul Suplizio, was attended by leaders of the modern trade
and barter industry representing eighteen companies from across
Europe, Asia and North America.
The conference featured seminars and discussions about the impact of
the barter process on the global economy, barter exchange dynamics,
and other financial and worldwide issues. At the general meeting
attendees made important decisions regarding the future of barter in
In a motion approved unanimously, the Euro-Asian Assembly voted to
form IRTA Europe as a new not-for-profit entity registered in
Europe. IRTA Europe will direct European barter operations and will
be part the IRTA Global system of standards, ethics, education and
regulation. “I totally support the Assembly’s decision to form IRTA
Europe and see this as a unifying endeavor that will further the
global economic impact of the Modern Trade and Barter Industry,”
declared IRTA President David Wallach.
Alina Piddubna from BartEx-Ukraine and Dorottya Szabo from
GlobalXchange-Hungary were elected as project leaders. They will
work with IRTA Executive Director Ron Whitney to establish the new
IRTA Europe entity and have the necessary documents in place and
ready for approval by the IRTA Global Board of Director during the
IRTA International Convention scheduled for October 2010.
major focus of the new non-profit IRTA European entity will be to
obtain grant and other monetary assistance from the European Union
to help fund IRTA European programs and initiatives. Dorottya Szabo
who is experienced with the EU grant system was assigned to make
inquires and report back to the group with her findings within 30
The meeting was called to order by Chairman Semi Simsek promptly at
on May 1 2010 8:30 a.m. What followed was a full schedule of
presentations, meetings, discussions and seminars that on both days
lasted until 6:00 p.m. Chairman Simsek and Secretary Suplizio made
their opening remarks setting the tone and presenting the agenda for
the meeting. After thanking Maximilien Urso for hosting the event,
IRTA President David Wallach was introduced.
Wallach made his presentation entitled “A Parallel Capital System”
in which he described how the process of modern trade and barter
will solve some of the world’s most devastating problems by creating
millions of jobs through the capitalization of businesses, using
Excess Business Capacity as a resource base — something that an up
to now has been ignored and wasted. He stressed that because of
current worldwide economic conditions, now is precisely the time for
our industry to educate both government and business communities
about our tremendous potential to create significant global
An array of very valuable and informative seminars and panels were
presented. Gary Field a member of IRTA Global Board of Directors and
President of Nubarter (USA), provided a very well received and
detailed power-point presentation regarding hiring, retaining,
compensating, and managing a barter company sales force. Gary’s
partner in Nubarter Linda Tillinger offered a comprehensive review
of how to plan and account for revenue and barter company expenses.
David Selikowitz, President of Active International Europe,
explained how retail trade exchanges and corporate barter companies
can buy and sell to one another. Bob Bagga, President BizXchange
(Dubai), and Sirri Simsek, President Turk Barter (Turkey), shared a
lively panel that discussed the role of trade brokering and
increasing trade volume.
David Wallach and David Selikowitz discussed and took questions on
media trading techniques. And Ron Whitney, IRTA Executive Director,
provided information about how Universal Currency (UC) operates and
explained the UC Euro-Platform to the delegates.
Members of the Assembly all agreed to utilize the UC Euro-Platform
for trading among themselves, and to place selected goods and
services on the pre-existing IRTA UC software. Thus allowing
seamless trading within the UC system. IRTA and UC will provide
administrative support in this effort.