by Bob Meyer, Editor of BarterNews
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From the desk of Bob
Channel Expanding Globally
Outdoor strengthened its global reach last year inking big
deals in China, Japan and London, and beefing up its already
large presence in the U.S., Italy and France.
billboard titan went public in 2006, earning $2.9 billion in
Playing The Money Game
Wal-Mart will soon
be introducing a prepaid money card. It will be launched
with GE Money, a unit of General Electric, and branded a
The firm says that
the card is aimed at customers who do not have access to a
bank account. Not to mention ease of use or the
profitability of using prepaid cards.
All 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. . .)
BizXchange Opens Dubai International
the international division of U.S. based BizXchange, was officially
launched in Dubai marking the company‘s first foray into the Middle
East region. Since its founding in 2002 with 100 members, BizXchange
now has approximately 1100 members trading over $2.6 million each
Plans are to
develop the overseas operation to become the company’s international
barter hub. With offices in Seattle and San Francisco and affiliates
in Singapore, Turkey, Malaysia, the United Kingdom and Australia,
BizX aims to create an international barter market in Dubai to
benefit its business partners around the world.
East region is very familiar with barter and the practice is still
very prevalent today on an immense scale,” reported Bob Bagga, CEO
outset, our business model was based on a concept of creating a
multilateral barter trade market where companies can exchange
products and services without having to dig into their cash
reserves,” he continued. “The philosophy has generated $150 million
in barter since 2004 and has saved our business partners $20 million
in 2006 alone.
“In the Middle
East we will focus our efforts on developing partnerships with
companies involved in real estate, media, travel and hospitality,
printing and any other business that has excess inventory or
and barter exchange platform will help our business partners turn
any unutilized capacity or excess inventory from dead weight into
budgeted cash expenditures.”
BizXchange was named to the Fastest Growing Companies’ list in both
Washington and the San Francisco Bay Area. It also has been honored
with the U.S. Chamber of Commerce’s Blue Ribbon Business Award in
recognition of the company’s dedication to excellence in several
categories, and is only one of two barter companies in the world to
be certified by the International Reciprocal Trade Association (IRTA).
Driven by their
company’s core values to “do the right thing, be creative and
innovative, exceed expectations and have fun,” the firm strives to
serve, improve and grow its members’ businesses and make a
difference in its community. BizXchange places high value on
recruiting and promoting staff from within, and takes time to foster
a culture of fun and interaction among employees.
Noted Industry Veteran Douglas
Dagenais Tapped As New ITEX Sales Director
ITEX Corporation (OTCBB:ITEX) has augmented its management team
with veteran trade-and-barter executive Douglas A. Dagenais, whose
track record dates back to 1981 when he was the first hire at
BarterCorp of Chicago. Dagenais assumes the position of ITEX
National Sales Director.
“We are truly pleased to add Doug Dagenais, a seasoned and
respected professional, to our team,” announced ITEX CEO Steven
White. “Doug’s key focus will be to help the franchise network
increase member registrations. ITEX is on track to dramatically
increase enrollments, and Doug’s experience will help make our
registration program a glowing success. His credentials and
successes speak for themselves.”
Dagenais brings to ITEX more than twenty years of direct
experience in the barter industry beginning at BarterCorp...which
enrolled more than 10,000 members under his guidance and direction.
Dagenais personally registered more than 1,000 new clients for
BarterCorp and served for 18 years as the Oak Brook (IL) venture’s
Senior Executive Vice President.
Prior to his association with ITEX, he was a director of Shell
Vacations of Northbrook (IL), a leading operator of luxury-vacation
ownership resorts under the Shell Vacations Club name that reported
$388 million in revenue in 2006.
Dagenais has a long and impressive list of credentials, including
the Distinguished Service Award for Sales Management from IRTA
(International Reciprocal Trade Association), Illinois Small
Business Advocate of the Year, and Small Business White House
Dagenais, a 58-year-old native of Chicago, holds an MBA from
Northern Illinois University.
The Freedom Of Exchange Is The
Foundation Of All Freedoms
Thomas Greco, whom we have quoted from time to
time in this report, wrote something a few years ago about the work
of E.C. Riegel:
“Throughout my career as a monetary
transformer, I have drawn heavily upon the profound and insightful
writings of Riegel (1878-1954). I’ve learned more about money from
him than from any other source.
“Riegel left a great legacy of writings and
correspondence which would have been lost to us, except for the fact
that Spencer MacCallum happened to meet him a year before his death
and recognized the greatness of his work.
“As I’ve said before...Why go prospecting when
we’ve found the mother lode? Riegel’s material is the mother lode of
following introduction and article about E.C. Riegel are by
Christopher M. Quigley,
www.wealthbuilder.ie, Mr. Quigley holds a Bachelor Degree in
Management from Trinity College/College of Commerce, Dublin and is a
graduate of the Marketing Institute of Ireland. He actively trades
utilizing the principles set out in the modules of the Wealthbuilder
course, which has been developed over the last 9 years as a result
of research, study, experience and successful application.
In a life
spanning over 70 years one of the greatest students of money and its
meaning was the American E.C. Riegel. Many regarded him as a genius
for his understanding of the nature and functioning of money as a
human and social institution. This essay is an introduction to his
main ideas on this subject as increasingly people are beginning to
realise the need for a more stable monetary unit. In essence, in his
book “Flight From Inflation” he identified money as the mathematics
of value and argued that for a democracy to thrive the “money power”
must be free.
He (Riegel) basically viewed any political
economic monetary system as socialist. For this reason he was at
odds with Adam Smith's view of the world. Indeed he felt that Smith
in his Wealth Of Nations pre-empted Marx as a social
theorist. Regardless of his views, Riegel has come to be respected
for his unswerving belief in mankind and his heroic efforts to
champion practical freedom based on the realities of exchange
systems based on value.
The freedom of exchange is the foundation of
all freedoms, and the freedom of exchange unencumbered is the truest
democratic freedom of mankind. Civilization began with exchange and
exchange began with whole barter, i.e. things traded for things. The
first improvement on whole barter was indirect barter. This was the
practice of utilizing commodities of common use as reserves to be
later traded for items of immediate need.
The adoption of precious metals, such as gold
and silver developed this trend. This step reflected a growing
emphasis upon facility in exchange. Accordingly, through the passage
of time a new means of completing transactions arose through the
practice of depositing precious metals with goldsmiths, who in turn
issued warehouse receipts. Such pieces of paper became negotiable
through custom, and so purchases could be effected by their
Acceptance of negotiable gold receipts, i.e.
promises of future delivery, marked the first real step toward the
utilization of money. It was at this point that barter was finally
fully split into two halves, with the buyer receiving value and the
seller receiving only a claim. This was the first faint glimpse of
the tremendous liberating power of money. We can also see that the
ideal of money is to split barter absolutely in half, without any
limitations imposed upon the seller.
Hence we realise that money is a device that
operates within the trading community for that community's own
self-interest. The necessity of splitting barter into halves in
order to motivate trade is the motivating force: sellers want to
sell and buyers want to buy.
Money is issued by a buyer. Such a money
issuer, however, must in exchange for the goods and services he buys
from the market, place other goods or services into the market. Thus
money as a money instrument is evidence of a purchase that is issued
by a purchaser to the seller. Therefore money is actually backed by
the value surrendered by the seller and potentially backed by a
value in the possession of the next seller.
To print bills and mint coins is not to issue
or create money. This has no more monetary significance than if you
were to write a cheque and leave it in your chequebook. Instruments
that have not been put into exchange are non-existent in the world
of exchange and money. Money simply does not exist until it has been
successfully accepted in exchange.
Hence two factors are necessary to money
creation. A buyer who issues it, and a seller who accepts it. Since
the seller expects in turn to reissue the money to some other
seller, it will be acknowledged that money springs from mutual
interest and co-operation among traders and not from authority.
It is a fallacy to think that a government can
issue money. Money can be issued only by a buyer for himself, and he
must in turn be a competitive seller to recapture it and thus
complete the cycle. This competitive co-operation for goods and
services creating value in the market is actually what makes money
This competitive situation, in which the trader
redeems his original monetary issue, through the sale of his own
goods and services assumes that the community's money will maintain
its stability. All enigma as to what causes money to circulate and
maintain its power is thus dissolved by comprehending this natural
law of money issue.
This law states that the legitimate issue of
money is confined to personal enterprisers in the market place,
since they alone, by the logic of their situation, are able issuers
of value. Thus in essence: money is issued by a purchaser but it
must be issued by a purchaser who can and is prepared to issue
value; it is a tradesman's agreement to carry on split barter among
We thus see that money is the mathematics of
value exchanged based on mutual agreement. The monetary instrument
is but the evidence of the consummated trade. It is a mistake to
attribute purchasing power to the instrument, for it has none. It is
merely the conduit through which purchasing power flows; such
purchasing power lying in the commodities or values exchanged. From
this analysis we can deduce that commercial banks do not “lend”
money. They in fact permit the “borrower” to issue money.
Flight From Inflation The Monetary Alternative, by E.C. Riegel.
Edited by Spencer Heath MacCallum & George Morton.
The Heather Foundation of Los Angeles, California.
Universal Law-Of-Reciprocity Key To Trade Exchange Success
exchange owner in the world should not only be aware of the
law-of-reciprocity, but using it, in the operation of their
exchange owners are invited to e-mail
for more information on how you can become “the exchange of choice”
in your area. When e-mailing Bob Meyer, put “Law of Reciprocity” in
the subject line.
The Easiest $100,000 You’ll Ever
Bring To The Bottomline!
cash, as usual, from the guest accounts staying at your
facility that require the use of professional AV services.
And rather than shouldering your ongoing employee costs, or
your current vendor’s cash agreement for AV services,
here’s a much better alternative:
with a proven national vendor (a sterling 25-year track
record) who will provide all of the AV services for your
hotel on a 100% TRADE BASIS! (Payment to be in the form of
hotel rooms and/or trade dollars.)
Your hotel’s annual AV billings must be a minimum of $200,000, and this
offer is available only in the continental United States.
confidential introduction contact Bob Meyer via e-mail:
(Please type in AV Services On Trade in the subject
line of your e-mail.)
Attention Trade Exchange Owners:
member hotel(s) have a minimum of 10,000 sq. feet of meeting
space and annual billings of at least $200,000 for AV
services this is a great opportunity to earn substantial
cash service fees on the hundreds of thousands of trade
dollars your hotel member will be paying the vendor. Contact
Bob Meyer at the above e-mail.
How To Get More Sales In
Our street-smart restaurant
marketing report shows proven ways to rapidly boost your
restaurant’s sales & profits.
Our Web Site Has A Search Tool For You
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At the top
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hitting the search button.
The Growth and Use of Secondary Capital (New Money) Creates
Unprecedented Wealth In Today’s New Age Of Possibility
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...
New Money-Making Ideas And Valuable Contacts!
You can obtain
useful, informative ideas and contacts in every available back-issue
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.
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