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June 29, 2010

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer... 06/29/2010

Number-One Obstacle To Retirement

In a recent study commissioned by Scottrade, for 63% of Americans, debt was an impediment to retirement savings in 2009. And 61% of Americans expect debt to limit retirement savings in 2010. Strategies to climb out of debt include:

Stop borrowing;

Save first, especially if a company match for 401(K) contributions is offered;

Scale down your budget;

Plan for the unexpected — set up an emergency fund;

Plan for the expected — a yearly vacation, wedding, etc.

NATE Sets Up Facebook Page

Gary Oshry, The National Association of Trade Exchanges President, announced that his organization now has a Facebook page for NATE and BANC members. Go to: www.facebook.com/natebarter.

Billionaire Softbank Founder Looks Ahead

Japan’s Softbank CEO/founder Masayoshi Son, 52, with an estimated net worth north of $5 billion and one of Japan’s most famous entrepreneur’s who built the company into Asia’s biggest Internet group, recently spoke to thousands of shareholders and fans. He laid out his plans and bold targets for the next 30 years which includes a goal of being one of the world’s 10-biggest companies by market capitalization by 2040. It’s a goal he estimates would require it to be valued at $2.24 trillion (currently they’re valued at $30 billion).

To reach that goal Softbank plans to take stakes of between 20% and 40% in some 5,000 affiliated companies by 2040, up from about 800 such partnerships now. Laying out a broad management philosophy, Son said Softbank isn’t wedded to any single technology or single business model. He sees everything from eye glasses to sneakers being connected to the web ... glasses, he suggested, could accurately translate foreign languages in real time and then display what a person speaking a different language was saying with subtitles on the lenses.

Amanda Smith Joins ITEX Brokers Board

Long-time California ITEX broker Amanda Smith, (she operates in the Palm Springs and Temecula areas), has been named to the ITEX Brokers Association Board of Directors.

All back issues of "From the Desk...” can be accessed by clicking here.

(Please feel 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. . .)


Paul Suplizio reports on progress in carrying out decisions of the Paris Conference of IRTA/Europe and the Eurasian Assembly.

Pan-European Trade Network Envisioned

First, we are making good progress to incorporate IRTA/Europe as a legal non-governmental organization within the European Union. Following the recommendation of the Paris Conference, the Global Board of Directors of IRTA approved this action, and as soon as incorporation is complete we will proceed immediately to the next step, which is to apply for an EU grant to provide financial and technical support for integration and expansion of Europe’s barter networks as a business innovation initiative.

We intend to engage the grant-application process as soon as possible to get IRTA/Europe off to a good start by an infusion of capital and technical assistance to help existing trade companies expand, help new start-ups grow, and help link our networks through the new UC euro trading platform that is now operational. We also hope by this means to encourage all barter companies in Europe and Asia to come into IRTA and stand alongside your colleagues to build a great trade network spanning two continents and rivaling that of our forbears of the Hanse.

Barter companies in Europe who have been standing on the sidelines, and thus far have not joined our concerted actions to advance our common industry, now have one more good reason to join IRTA/Europe and help bring the vision of a pan-European trade network to fruition. Standing aside will retard an advance your company can greatly benefit from, for the Pan-European Trade Network will be owned by members of IRTA/Europe and you will have a deciding voice, as a member of the Governing Board, in how its benefits will be shared. Make no mistake about it, this grant money will be for you, and you will decide how it will be allocated.

I am sorry to report that Alina Piddubna, Managing Director of Bartex in Kiev, Ukraine has taken on higher responsibilities and will be unable to continue guiding the EU incorporation project. Alina deserves our thanks for her efforts in pushing this project so far, and I am happy to report that Dariusz Brzozowiec of Barter Systems Poland has volunteered to replace Alina in directing this project. Dariusz will work with Dori Szabo, President of GlobalXchange in Budapest, who has already laid the groundwork to advance the project and the grant application as soon as articles of incorporation are completed.

Second, responding to Europe’s desire for a euro trading platform for inter-company trades, IRTA Executive Director and UC Director Ron Whitney reports that the UC euro platform is now open for business. Trades may now be completed in UC euros and balances held in UC euros. The Universal Currency system, owned by IRTA members,

is the world’s foremost trading platform for trades among barter companies with different currencies and is readily accessible on the internet. Thus, the infrastructure for a pan-European trade network is now in place, and we must thank Ron for giving this project a high priority upon his return from Paris.  

Third, the IRTA Global Board of Directors has approved a letter to Commissioner Michel Barnier, Directorate General of Internal Market and Services, European Commission, requesting that trade clearinghouses be exempt from regulations dealing with financial clearinghouses, and cautioning that some parts of regulations dealing with financial clearinghouses may be construed as applying to trade clearinghouses. This letter was previously approved by IRTA/Europe and Assembly members at the Paris Conference on May 2. It will be signed jointly by the President of IRTA and the Chairman of IRTA/Europe.

Fourth, we are seeking proposals for a location for the next meeting of IRTA/Europe and the Assembly of Barter Companies of Europe and Asia, tentatively scheduled for April 16-17 or April 30-May 1, 2011. We have already a proposal from Dori Szabo to hold the meeting in Budapest, Milan and Florence are interested, and if anyone else wishes to make a proposal, we shall be glad to hear from you.

Remember that, as a member of the Governing Board of IRTA/Europe (or of the Assembly for non-IRTA members), you may bring up any matter at any time and ask that it be brought before the whole body for discussion and possible adoption. All of us think about our industry, its place in the worldwide scheme of things, and how we can improve our profession. When you have an idea to share, or a proposal to make, remember you may place it before the group at any time simply by contacting me, your Secretary. Should you wish my advice, I am always happy to respond.

Finally, recall that each of you, as an IRTA/Europe member, has a seat and vote on the Governing Board and that all decisions are made by the Governing Board alone. The only officer positions of IRTA/Europe at present are the Chairman of the Governing Board and the Treasurer — the latter position having been filled in Paris.

After all nominations are received for Chairperson, I shall write you again to inform you of the persons nominated. At that time I will ask you to vote by e-mail for one person from the list of nominees. The person receiving the most votes will be deemed elected, provided no objection is made to this manner of election.

PAUL E. SUPLIZIO
Member, Global Board of Directors (for Europe)
International Reciprocal Trade Association
Secretary to the Assembly


Is Your Trade Exchange Missing Out On Valuable New Business?

If 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.

Is your barter company’s listing up-to-date?

To 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:

To make changes to your listing click here.

For new listings click here.


IRTA’s Universal-Currency Trading Record Established

A new monthly trading record has been established for the International Reciprocal Trade Association’s 13-year-old Universal Currency (UC) — a trading unit which is used among trade exchanges worldwide.

The May trading figures for IRTA’s UC totaled $757,542, besting the prior top month of $674,282 by $83,260. The high amount of trading by UC member barter companies was fueled by a $102,600 media purchase by Rachel Taylor of Alamo Barter from Jay Greenlees and Marc Hatch of Barter Media Solutions.

Trade exchange owners wishing more details on the robust UC trading platform may call UC’s International Broker Casey Kloempken at (757) 337-6846 or IRTA’s Executive Director Ron Whitney at (757) 393-2292.

* * ANNOUNCEMENT * *

25 Years Of BarterNews Issues Now In Digital Format

Welcome to the largest repository of barter contacts, strategies, and barter techniques in the world. All 64 issues of BarterNews now available in digital format at http://www.barternews-ezine.com.


·         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 here.)

·         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 here.) 

Click here www.barternewsblog.com.


Major Barter/Trade Show Planned In Conjunction With IRTA Convention

This year the IRTA Annual World Congress will be held October 28 thru 30 in Pittsburgh (PA). The day prior, Wednesday the 27th, one of the largest independent trade exchanges in the nation — Pittsburgh’s Green Apple Barter — is hosting their annual trade show. Over 1,500 attendees will view the goods from 125 vendor exhibits and displays.

All IRTA attendees at this year’s annual convention are invited to the Green Apple trade show for networking, displaying, exhibiting, buying, and selling using their UC currency. This will be the largest UC marketplace ever assembled, and possibly set a precedent for future annual IRTA congresses.


Money-Making Reports Available From BarterNews

Tom Peters Says “Suck It Up America”

Business guru Tom Peters, author of 15 business books (his latest: The Little Big Things), was recently interviewed by U.S. News & Report. The following is an overview of that meeting:

·         Despite the circumstances of the past decade (i.e. war on terror, the BP oil problem, etc.), Peters laments that none of our presidents have ever asked us to sacrifice.

·         He feels there’s a lack of personal accountability among Americans — we expect everybody to do everything for us.

·         Peters also has a problem with having a GPS in your kid’s phone. He says it is not a good idea. “Let them grow up and make some mistakes. That’s how they learn. Today we’re protecting our kids against everything.”

·         The guru says we must make ourselves more resilient, by doing extraordinary work day-in and day-out. Today the kids in their mid-20s are moving in the right direction, realizing they’ll be working at many different jobs over their lifetime. And don’t get too dependent on having total continuous employment. That means taking on financial responsibility and putting aside some money for those rainy days — he advocates a six month financial buffer, not just six weeks. Start saving some tide-you-over money immediately.

·         The author suggests you get involved in your community. That’s where you live, and it means the most to your true worth.

·         Your biggest weapon (or asset), Peters contends, is your brain and curiosity. Your greatest defense is to be interested in a variety of things. It’s the ultimate resilience, because it will lead you to talking with others — a form of networking.

·         And, he asserts you should never waste a lunch by working. You already work on average 220 days a year. Instead meet other people, do stuff that’s off your main dimension.


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The Growth and Use of Secondary Capital (New Money) Creates Unprecedented Wealth In Today’s New Age Of Possibility

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... www.barternews.com/secondary_capital.htm.


Get New Money-Making Ideas And Valuable Contacts!

You can obtain useful, informative ideas and contacts in every available back-issue of BarterNews.


Every barter company in the world is listed on our web site, click through to our Global List of Barter Companies.


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