July 14, 2009
by Bob Meyer, Editor of BarterNews
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the desk of Bob Meyer...07/14/2009
Sharpe Appears On United Kingdom?s Sky News
Wayne Sharpe, founder and CEO of Bartercard, the world?s
largest trade exchange, was interviewed June 25 on Sky News.
Sharpe discussed how Bartercard (trade exchanges) helps the
U.K. economy by providing assistance and support, outside of
the banking industry, to the small business sector of the
The SME market (small and medium business enterprises)
constitutes over 60% of the British economy.
For more information on Bartercard see
Time-Share Industry Under Pressure
Major time-share developers, led by Wyndham Worldwide,
Marriott International and Starwood Hotels & Resorts, are
scaling back their time-share business for a variety of
reasons: (1) investors in time-share loans demand higher
interest rates, (2) buyers have become more scarce, and (3)
resales of time-shares have caused downward pressure on
prices and demand for new units.
Investment Manager Suggests New Perspective
For Next Generation
According to Bill Gross, manager of the world?s biggest bond
fund at Newport Beach-based Pacific Investment Management
Co., investors should favor bonds and dividend-paying
equities as the U.S. heads into a ?new normal? of higher
savings and lower-consumption. Gross also predicts an annual
economic growth of about 2%, as opposed to 3.5%, for a
generation or more. Thus indicating that investors should
stress secure income.
Americans lost one-fifth of the value of their 401(K)
retirement accounts ? some $603 billion ? in 2008, according
to the Employee Benefits Research Institute in Washington,
back issues of "From the Desk...? can be accessed by
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See you next week. . .)
IRTA Global Board
Participates In Norwegian Festival
Following the IRTA
Global Board meeting of June 5 in Kragero, Norway, Global Board
members Mr. Sirri Simsek, Dr. Oi Kum Lee, Mr. Dariusz Brzozowiec,
David Wallach, Mary Ellen Rosinski and executive director Ron
Whitney, played a significant role in the Norway Philosophy of Money
Festival held in the same scenic village June 5, 6 and 7. The
festival featured Socratic dialogues, friendly confrontations and
facilitated discussions on philosophy and money, interest and
complementary currencies, profit and ethics.
The event attracted
participants and observers from around the world, including leading
economists, educators, monetary visionaries and complimentary
currency advocates and network operators. Speakers and presenters
included Thomas Hylland Eriksen, vice president Norwegian Central
Bank; Margrit Kennedy, author and educator; monetary philosophers
Christel Fricke and Carola Von Villiez; monetary reformists Jose
Luis Ramos, Lars Hektoen; educator and university professor Declan
IRTA Global Board
members participated as presenters:
Simsek delivered an excellent and detailed explanation of Islamic
Dr. Oi Kum
Lee explained how her network in Singapore is providing directly to
government owned facilities with outstanding success.
Brzozowiec gave a moving account of how Polish business is coping
with aggressive capitalism in a down economy.
Rosinski presented an interesting and easily understandable session
on how modern trade and barter companies function to the benefit of
Wallach described how the Modern Trade and Barter industry is
funding and providing capital for small business that is leading to
significant increases in worldwide employment.
Director Ron Whitney facilitated a festival segment that highlighted
various points of view regarding how to make the best of our current
global financial crisis.
The Philosophy of Money
Festival was hosted and directed by noted monetary reformist Edger
Kampers and well-known musician Rob Van Hilton, who co-own and
direct Qoin Norge a community currency network.
Attention Trade Exchange Owners. . .It?s GROW OR GO!
The magic bullet for growth is sales, always has been and always
will be...yet the industry?s overall growth is anemic. Why? Maybe
it?s because we?re not providing on-going education about our unique
way of doing business. Knowledge is always a pre-requisite to taking
And for those newcomers, the lifeblood of an exchange, awareness of
and understanding about the value of trading is even more important.
If you expect prospects to come aboard and your members to be more
active traders, but you are perplexed when the results are less than
you desire...there?s a good reason. You must continually educate
and motivate every month--month after month after month!
Such action is necessary because, let?s face it, more cash business,
not trade, is of paramount importance to your members. You must
break through this ?cash only? focus and redirect their thinking
toward barter. Although most exchanges don?t see the importance of
doing so, many industry leaders are taking action and so can you.
As the owner of your own operation, there is an easy and
inexpensive solution for moving forward...look
into using The Competitive Edge newsletter. It?s a
camera-ready, 4-page, professionally written, informational
marketing tool...available in PDF format as well as print. So
regardless of how you reach your prospects and clients, you will
have the necessary vehicle.
Written especially for you, the busy trade exchange owner, I am
certain it will be the best investment you ever make.
For more information about The Competitive Edge, and how it
can benefit you
A Parallel Capital
Written and presented
by David Wallach ? at the Norwegian Philosophy of Money Festival
am very pleased to be part of such a diverse group of interesting
individuals; monetary reformists, community service advocates,
alternative currency proponents, economists, monetary visionaries
Each participant gathered here is helping to solve complex monetary
issues from different directions and perspectives. This is necessary
and as it should be. Our strength is in our diversity; collectively
we can and will help to make the changes that will result in a more
equitable worldwide monetary system.
Today I want to report on a Parallel Capital System that monetizes
Excess Business Capacity which has evolved and been developed over a
period of some 40 years by the Modern Trade and Barter segment, of
the alternative currency movement.
Modern Trade and Barter clearing network providers have created a
system that monetizes excess business capacity, an unrecognized
asset, which has been historically wasted and makes it an important
tool for the capitalization of cash deprived businesses.
Worldwide more than 400,000 businesses are currently members of
Modern Trade and Barter clearing networks. Last year those member
companies recovered over 10 billion Euros in annual revenues from
underutilized and heretofore lost and wasted inventories and excess
business capacities. These new revenues are being used to capitalize
businesses and create employment.
Technology has made it possible for Modern Trade and Barter clearing
networks to track and account for sales and purchase transactions
between member companies. These clearing networks are providing
essential capitalization for member businesses, with mostly interest
free loans that fund general business expenses and projects.
majority of the businesses participating in the clearing networks
are small to medium-size companies. They use their new found
currency to buy and sell goods and services within their own local
What goes unsold is excess business capacity; whether it is in the
form of empty seats in restaurants, unsold hotel rooms, media, and
airline tickets. Unused hours in medical, dental, attorneys,
accountant?s offices or any and all other unsold goods and services
that exist within the economy. There is not a single business sector
that does not have significant excess business capacities.
Globally, on an annual basis it is estimated that there are
trillions of Euros in excess business capacity that are in general
being wasted and ignored.
the same time worldwide there is a huge and tragic Surplus of Human
Resources that is measured in the form of underemployment and
unemployment. This is especially true in underdeveloped countries
where unemployment reaches upwards of 50 to 70 percent. Even in more
developed countries unemployment is between 10 and 30 percent.
can view excess business capacity as an asset and unemployment and
underemployment as a liability.
Worldwide there are trillions of Euros in excess business capacity
available. Millions of jobs will be created when those trillions of
wasted Euros are put to work capitalizing and more fully funding
business. The role of business is to create employment, but
businesses need capital to grow and hire and that capital is
available right now in real time.
continuing to expand the monetization of excess business capacity,
substantial gains will be made in consumption, production and
employment. Thereby raising the standard of living and providing for
better worldwide nutrition, education and health care.
(This paper was presented on June 7, 2009, to the Norwegian
Philosophy of Money Festival by IRTA President David Wallach,
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
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Above Money? The Federal
Reserve Bank Secrets Of Money
By Benjamin Gisin
Mention the Federal Reserve Bank (the Fed) and you will likely get
one of two responses. The most common is no response due to not
understanding it. The other is one of outrage, conspiracy and dark
deeds. Neither are much help. The Fed performs functions whose
processes (and consequences) are difficult for the public, elected
officials and even accomplished economists to understand.
Fed has three primary functions: 1) Help banks create virtual money
(bank deposits) and to clear those deposits between banks. 2)
Encourage an interest rate environment that gives money a return
above inflation when invested. 3) Issue the nation?s debt-backed
currency. The Fed, with its banking partners, do two things the
public wants a lot of: 1) The public wants money. The Fed and
banking system manufacture that money (bank deposits and currency).
2) The public wants interest on their savings and financial
keeping with the principle of the ?time value of money,? banks
charge interest on what they manufacture out of nothing. The Fed is
always on the watch for inflation and a reason to raise interest
rates to meet investor demand for a return on investment above
inflation. The Fed, the banking system and secondary lenders perform
the activities necessary to give the investing public what it wants
? money and a return on financial investments.
Unfortunately, the physical economy of goods, services and jobs is
of lesser priority and therein accrues the problem of escalating
unemployment. What little service the banking system?s money
products perform as a means of exchange is inferior to the service
the banking system?s money products do to garner a return on
investment. The financial system and the investing and saving
public, have been working diligently to saturate the economy with
the maximum amount of debt to provide the maximum return.
When the economy gets saturated with debt, as it is today, and
investors are unable to find qualified borrowers to saddle with
their investment-return expectations, money stops flowing, the
economy begins to seize up and debts go unpaid. Everyone loses, the
economy, the investors and the debtors. It has the ear markings of a
banking and larger financial system provide the tools used to
exploit people and the environment first and as a means of exchange
second. The future lies in extracting our children and the economy
from this system. The banking and financial system, with public
demand for its money and investment-return principles, are in the
process of not just limiting economic growth, but curtailing what?s
Since 1996, for every $1 trillion in the GDP growth, debt grew by
$4.7 trillion ? an amazing feat by financial investors and a public
fighting for money by getting in debt. Chasing after a return on
investment (and the colossal debt empires that this activity
requires) is slowing the economy.
America farms only one-fourth the acres (on a per capita basis) than
it did in 1900. America?s infrastructure (roads, bridges, levees,
etc.) is in such sad shape, the American Society of Civil Engineers
now estimates a need of $2.2 trillion to bring basic infrastructure
up to par. Food banking is one of the fastest growing grocery
chains. Job loss continues to grow. The economy is shrinking to fit
within a fickle system of money and investment. The nation (public
and private) must incur ever increasing levels of debt for a
declining level of economic activity.
can point fingers at bankers and ourselves which solves very little.
We need a change in perspective and a commitment to start looking at
a new process of exchange based upon principles of love, service and
cooperation. Our process of exchange must evolve beyond one of
competitive weaponry. Only then will we discover what it takes to
create the next Golden Age. It is then that the unseen reality ?
that which is greater than us ? can come into service for human
For more information and discovering what options are emerging,
subscribe to Peaceful Economics newsletter. $21.95 annual
subscription (6 issues) (208) 523-2717 or send check to PO Box 3662,
Idaho Falls, Idaho 83403.
For speaking engagements, radio interviews or comments phone (208)
523-2717, or e-mail
Benjamin Gisin is a veteran banker and former senior agricultural
approval officer for one of the nation?s largest agricultural banks.
Since 1998, he consults businesses and agricultural producers facing
credit challenges. He writes and lectures extensively on the
evolution of money, economics and food security.
Money-Making Reports Available From BarterNews
Venture Capital Industry
According to Peter Cohan, President of Peter S. Cohan & Associates,
a third to one-half of the 882 active venture capital (VC) firms
could disappear, if only because of poor returns.
Five year VC returns through 2008 were 6-percent compared to
48-percent in 2000. Under-performing firms are likely to close their
doors. Meanwhile, investment in VC funds shrank 39-percent to $4.3
billion in the first quarter from $7.1 billion in the same quarter a
venture capital business got started back in 1957 when American
Research and Development (ARD) invested $70,000 in exchange for
70-percent of the now-defunct Digital Equipment Corp.
was founded by MIT grad Ken Olson. It took the lead in mini
computers and was a dominant information technology company through
much of the 1970s and early 1980s. In 1972 ARD sold its stake for a
70,000-percent (yes, 70,000%) return!
How To Get More Sales In
Our street-smart restaurant
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The Growth and Use of
Secondary Capital (New Money) Creates Unprecedented Wealth In
Today?s New Age Of Possibility
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?
have 70 free, informative and inspiring, articles for you in our
?Secondary Capital Section.?
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